12/31/2025 | Press release | Distributed by Public on 12/31/2025 13:35
BBH TRUST
SUPPLEMENT DATED DECEMBER 31, 2025
TO THE STATEMENT OF ADDITIONAL INFORMATION
DATED FEBRUARY 28, 2025
The following information supplements, and to the extent inconsistent therewith, supersedes, certain information in the Statement of Additional Information. Defined terms not otherwise defined in this supplement have the same meaning as set forth in the Statement of Additional Information.
| I. | The Board of Trustees (the "Board") of the BBH Trust (the "Trust") unanimously approved a change of the investment adviser of the BBH Limited Duration Fund, BBH Income Fund and BBH U.S. Government Money Market Fund (collectively, the "Taxable Funds") at the December 10, 2025, Board meeting. Effective January 1, 2026 (the "Effective Date"), Brown Brothers Harriman Credit Partners, LLC ("BBH Credit Partners"), a subsidiary that is majority owned and controlled by Brown Brothers Harriman & Co. ("BBH&Co.") will become the investment adviser of the Fund. As of the Effective Date, any and all references related to the BBH&Co., through a separately identifiable department, as investment adviser to the Taxable Funds is hereby replaced with BBH Credit Partners. |
| II. | Management |
Effective January 1, 2026, the "Officer Table" on page 43 is deleted in its entirety and replaced with the following:
| Name, Address and Birth Year |
Position(s) Held with the Trust |
Term of Office and Length of Time Served# |
Principal Occupation(s) During Past 5 Years |
| Officers | |||
|
Daniel Greifenkamp 140 Broadway New York, NY 10005 Birth Year: 1969 |
President and Principal Executive Officer | Since 2023 | Principal of BBH&Co. since 2023; joined BBH&Co. in 2011. |
|
Amy Kirkpatrick 140 Broadway New York, NY 10005 Birth Year: 1970 |
Vice President | Since 2025 | Managing Director of BBH&Co. since 2023; joined BBH&Co. in 1992. |
|
Declan Coyne 140 Broadway New York, NY 10005 Birth Year: 1977 |
Treasurer and Principal Financial Officer | Since 2025 | Managing Director of BBH&Co. since 2025; joined BBH&Co. in 2025. PineBridge Investments LLC 2013-2025. |
|
Paul F. Gallagher 140 Broadway New York, NY 10005 Birth Year: 1959 |
Chief Compliance Officer ("CCO") | Since 2015 | Managing Director of BBH&Co. since 2023; joined BBH in 2015. |
|
Nicole English 140 Broadway New York, NY 10005 Birth Year: 1985 |
Anti-Money Laundering Officer ("AMLO") | Since 2022 | Vice President of BBH&Co. since 2019; joined BBH&Co. in 2016. |
|
Brian J. Carroll 50 Post Office Square Boston, MA 02110 Birth Year: 1985 |
Secretary | Since 2021 | Vice President of BBH&Co. since 2023; joined BBH&Co. in 2014. |
|
Crystal Cheung 140 Broadway New York, NY 10005 Birth Year: 1974 |
Assistant Treasurer | Since 2018 | Assistant Vice President of BBH&Co. since 2016; joined BBH&Co. in 2014. |
| III. | INVESTMENT ADVISORY AND ADMINISTRATIVE SERVICES |
On December 10, 2025, the Bord of Trustees (the "Board") of the BBH Trust approved new investment advisory agreements for BBH&Co., through a separately identifiable department (the "SID") and Brown Brothers Harriman Credit Partners, LLC. The Board also approved a new administration agreement with the SID, under which the Funds will pay a separate administrative fee of 0.03%. In turn the Board approved lower investment advisory fees of the same amount to account for the splitting out of the previously combined investment advisory and administrative fees. Effective January 1, 2026, the first table in the section titled "Investment Advisory and Administrative Services" on page 52 is deleted in its entirety and replaced with the following:
| Fund |
Advisory Fee Rate (as a percentage of average daily net assets) |
| BBH Limited Duration Fund |
0.27% on the first $1 billion 0.22% on amounts over $1 billion |
| BBH Partner Fund-International Equity |
0.57% on the first $3 billion 0.52% on amounts over $3 billion |
| BBH U.S. Government Money Market Fund |
0.23% on the first $1 billion 0.17% on amounts over $1 billion |
| BBH Intermediate Municipal Bond Fund |
0.37% on the first $2.5 billion 0.32% on amounts over $2.5 billion |
| BBH Income Fund |
0.37% on the first $2 billion 0.35% on the next $1 billion 0.32% on amounts over $3 billion |
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.