BBIIX

About BBIIX

BBH Intermediate Municipal Bond Fund Class I is an institutional share class of an open-end mutual fund specializing in intermediate-term municipal bonds. The fund’s primary objective is to protect capital while generating high after-tax total returns with a focus on income. It invests predominantly in investment-grade municipal bonds that are exempt from federal income taxes, typically maintaining a portfolio with an average duration between three and six years. Its holdings span a broad range of issuers, including state and local governments, agencies, and special-purpose projects, providing diversified exposure to the U.S. municipal bond market. The fund is managed with a value-based approach that emphasizes risk-adjusted returns and capital preservation through varying interest rate environments. With a relatively low expense ratio compared to peers and monthly income distributions, BBH Intermediate Municipal Bond Fund Class I plays a significant role for institutional investors seeking tax-efficient, intermediate-duration fixed income exposure in their portfolios.