Investor Summary

Timothy F. Harris serves as Portfolio Manager for the BBH Select Series Mid Cap Fund since its inception in May 2021 and brings over 20 years of investment and financial experience to the role. Harris has been Portfolio Manager of the Concentrated Small and Midcap Strategy since April 2024. He graduated summa cum laude from Tufts University and received his MBA from the MIT Sloan School of Management. Harris re-joined BBH in January 2017 as an Equity Analyst after previously working as an investment banker specializing in equity capital markets for European financial institutions at Nomura, covering Nordic, Benelux, and UK markets. He also worked at Lehman Brothers as an investment banker and has earned his CFA designation. His experience combines deep analytical skills with practical market experience across different market cycles.

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Fund Strategy

The Fund's investment objective is to provide investors with long-term growth of capital through a disciplined, bottom-up investment process that emphasizes deep due diligence. The strategy focuses on high-quality businesses that demonstrate superior business quality, strong management execution, attractive financial returns, and growth potential. The Fund employs a 'buy and own' approach with a 3-to-5-year investment horizon, avoiding short-term trades in pursuit of small gains. The investment criteria are built on four pillars: Business Quality (loyal customers, essential products, leadership in attractive markets, sustainable competitive advantages), Financial Returns (strong balance sheet and cash flow with high returns on capital), Management (disciplined capital allocation led by strong operators with integrity), and Growth Potential (long-term growth potential with attractive opportunities to reinvest capital). The Fund seeks a margin of safety when there is a significant discount to intrinsic value at the time of purchase.

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FUND PERFORMANCE AS OF

ANNUALIZED SINCE INCEPTION QUARTERLY YTD
2.7% -3.9% -5.6%