BBNNX Fees and Costs — BBH Income Fund
Data updated: 2026-09-25
The net expense ratio is 0.70%: a 0.37% management fee plus 0.33% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 42%.
BBNNX Fees and Expenses
Annual operating expenses and sales charges of BBNNX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.37% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.33% |
| Gross expense ratio | 0.70% |
| Fee waiver | — |
| Net expense ratio | 0.70% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
BBNNX Costs Over Time
On $10,000 invested in BBNNX, assuming 5% a year before costs, total costs come to $440 over 5 years, cutting the return by 0.73% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.70%) | $74 | $230 | $400 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $74 | $241 | $440 |
| Value after costs | $10,426 | $11,335 | $12,322 |
| Impact on return, per year | 0.73% | 0.73% | 0.73% |
BBNNX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $6.8B
- Portfolio turnover (prospectus): 42%
- Securities lending: none during the year
BBNNX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL INC. | $1.2B | 18.44% |
| Citigroup Global Markets Inc. | $1.1B | 16.26% |
| Nomura Holdings Inc. | $1.0B | 16.21% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $923.9M | 14.28% |
| J.P. MORGAN SECURITIES LLC | $915.3M | 14.15% |
| Mizuho Securities USA LLC | $394.8M | 6.10% |
| MORGAN STANLEY & CO. LLC | $378.4M | 5.85% |
| Goldman Sachs & Co, LLC | $313.3M | 4.84% |
| NATWEST MARKETS SECURITIES INC. | $145.2M | 2.24% |
| BNP Paribas Securities Corp. | $104.8M | 1.62% |
BBH Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| BBNIX | Class I | 0.44% | — |
| BBNNX | C000201414 | 0.70% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.