ETF Evaluator: BBH Select Mid Cap ETF () Follow This ETF

BBH Select Mid Cap ETF Overview

BBH Select Mid Cap ETF (BBHM) is an actively managed U.S. Equity Mid-Cap Growth exchange-traded fund (ETF). BBH launched the ETF in 2021.

The investment seeks to provide investors with long-term growth of capital. Under normal circumstances, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in publicly traded mid cap equity securities. Such securities may be issued by domestic or foreign issuers. It primarily seeks to buy common stock and may also invest in preferred stock. The fund may also invest in large cap and small cap publicly traded equity securities. It is non-diversified.

About BBH Select Mid Cap ETF (BBHM)

There are 1 members of the management team with an average tenure of 5.19 years: Timothy Harris (2021). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Russell Mid Cap TR USD index with a weighting of 100%. BBH Select Mid Cap ETF has 30 securities in its portfolio. The top 10 holdings constitute 43.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

BBH Select Mid Cap ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. BBH Select Mid Cap ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.4% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). BBH Select Mid Cap ETF has 0.6% of the portfolio in cash.

Assets Under Management

The fund has $445 million in total assets, which is below the $1 billion average for the Mid-Cap Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

BBHM Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The BBH Select Mid Cap ETF expense ratio is high compared to funds in the Mid-Cap Growth category. BBH Select Mid Cap ETF has an expense ratio of 0.81%, which is 54% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. BBH Select Mid Cap ETF has a portfolio turnover rate of 23%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 166% for the Mid-Cap Growth category.

Recently, in the month of July 2026, BBH Select Mid Cap ETF returned -2.6%, which earned it a grade of A, as the Mid-Cap Growth category had an average return of -6.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

BBH Select Mid Cap ETF has a trailing yield of 0.00%, which is below the 0.41% category average. The fund normally distributes its income annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

BBH Select Mid Cap ETF Grades

Year to date, the ETF has returned 4.6%, 4.9 percentage points worse than the category, which translates into a grade of D. The fund has returned -1.2% over the past year (grade of F), 5.1% over the past three years (grade of F) and 2.5% per year over the past five years (grade of D).

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