Fund Evaluator:

BBH Partner Fund - International Eq I Overview

BBH Partner Fund - International Eq I (BBHLX) is an actively managed International Equity Foreign Large Growth fund. BBH launched the fund in 2002.

The investment seeks to provide investors with long-term maximization of total return, primarily through capital appreciation. Under normal circumstances at least 80% of the net assets of the fund, plus any borrowings for investment purposes, are invested in equity securities of companies in multiple developed and emerging markets of the world, excluding the United States. The fund will primarily invest in equity securities of companies with large market capitalizations.

About BBH Partner Fund - International Eq I (BBHLX)

There are 7 members of the management team with an average tenure of 4.70 years: Ed Bell (2023), John Buser (2024), Brian Vollmer (2017), Loren Lewallen (2017), Nick Mayor (2023), Piotr Krupa (2023), Richard Bruce (2023). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: MSCI EAFE NR USD index with a weighting of 100%. BBH Partner Fund - International Eq I has 83 securities in its portfolio. The top 10 holdings constitute 30.3% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

BBH Partner Fund - International Eq I is part of the Equity global asset class and is within the International Equity fund group. BBH Partner Fund - International Eq I has 91.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 6.2%. There is 91.2% 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 Partner Fund - International Eq I has 2.7% of the portfolio in cash.

Assets Under Management

The fund has $2 billion in total assets, which is above the $1 billion average for the Foreign Large 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.

BBHLX 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 Partner Fund - International Eq I expense ratio is above average compared to funds in the Foreign Large Growth category. BBH Partner Fund - International Eq I has an expense ratio of 0.63%, which is 39% lower than its category average, making the fund expense ratio grade a A. 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 Partner Fund - International Eq I has a portfolio turnover rate of 62%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 51% for the Foreign Large Growth category.

Recently, in the month of August 2026, BBH Partner Fund - International Eq I returned 5.0%, which earned it a grade of A, as the Foreign Large Growth category had an average return of 2.3%. 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 funds in that category.

BBH Partner Fund - International Eq I has a trailing yield of 0.99%, which is above the 0.93% category average. The fund normally distributes its income annually and its capital gains 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 Partner Fund - International Eq I Grades

Year to date, the fund has returned 14.3%, 5.3 percentage points better than the category, which translates into a grade of A. The fund has returned 21.3% over the past year (grade of A), 18.3% over the past three years (grade of A) and 5.2% per year over the past five years (grade of B) and 8.8% per year over the past 10 years (grade of C).

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