BBH Income Fund | Understand Stock

Asset mix

DBT: 47.9% · ABS-CBDO: 20.8% · DIR: 19.9% · LON: 9.6% · EP: 1.2%

Financial position

Total assets: $2.35B
Total liabilities: $36.8M
Net assets: $2.31B
Assets attributable to miscellaneous securities: $0
Assets invested in controlled foreign corporations: $0
Borrowings payable within one year: $0
Payable to controlled companies within one year: $0
Payable to other affiliates within one year: $0
Other liabilities payable within one year: $0
Borrowings payable after one year: $0
Payable to controlled companies after one year: $0
Payable to other affiliates after one year: $0
Other liabilities payable after one year: $0
Payables for delayed-delivery investments: $0
Payables for standby commitments: $0
Liquidation preference of outstanding preferred stock: $0
Cash not reported in Parts C or D: $0

Monthly flows and gains

	Month 1	Month 2	Month 3
Sales	$35.3M	$46.2M	$35M
Reinvestment	$2.63M	$3.16M	$3.02M
Redemptions	$25.9M	$30M	$40.6M
Net realized gain (non-derivative)	$-2.83M	$-341K	$-1.75M
Net unrealized appreciation (non-derivative)	$-49.8K	$-2.12M	$-23.9M

The three months of the reporting period, as filed; month 3 ends July 31, 2026.

Credit spread risk (change in value per 1bp spread move)

Tenor	Investment grade	Non-investment grade
3 months	$-5K	$-2.19K
1 year	$-94.6K	$-55.3K
5 years	$-193K	$-116K
10 years	$-74.3K	$-27K
30 years	$-11.9K	$-27.7K

Filing details

Registrant: Bbh Trust
Registrant CIK: 1342947
Registrant LEI: 5493002QM4WBFYUZ3Y95
Series: BBH Income Fund
Series ID: S000062218
Series LEI: 549300ZKXJXVR6XM1291
SEC file number: 811-21829
Address: 140 Broadway, NULL, New York, US-NY, 10005-1108, US
Phone: 800-575-1265
Form: NPORT-P
Filed: September 25, 2026
Report period ends: October 31, 2026
Report month ends: July 31, 2026
Accession number: 000100371526003745

Holding	Value	% of net assets
F/c Us 10yr Note (cbt)sep26 DIR	$233M	10.08%
F/c Us 10yr Ultra Fut Sep26 DIR	$156M	6.73%
F/c Us 5yr Note (cbt) Sep26 DIR	$86.2M	3.72%
F/c Us Ultra Bond Cbt Sep26 DIR	$68M	2.94%
Us Treas Nts 3.375% 05/15/33 DBT	$58.5M	2.53%
Us Treas Nts 4.25% 08/15/35 DBT	$56.3M	2.43%
Us Treas Bds 1.75% 08/15/41 DBT	$54.1M	2.34%
Us Treas Bds 3.375% 11/15/48 DBT	$52.2M	2.26%
Us Treas Bds 3.875% 02/15/43 DBT	$46.2M	2.00%
Us Treas Bds 2.875% 08/15/45 DBT	$30.9M	1.33%
F/c Us Long Bond(cbt) Sep26 DIR	$29.2M	1.26%
Us Treas Bds 1.375% 08/15/50 DBT	$25.4M	1.10%
Us Treas Bds 3.625% 02/15/53 DBT	$23.5M	1.01%
Us Treas Bds 4.625% 11/15/45 DBT	$17.5M	0.76%
T/l Oracle Corp Zcp 08/16/27 LON	$16.4M	0.71%
Lft 2026-1a A 4.8% 09/20/30 ABS-CBDO	$16M	0.69%
Amazon.com Inc 5.1% 07/09/33 DBT	$15.5M	0.67%
Salesforce Inc 5.55% 03/15/36 DBT	$15M	0.65%
Us Treas Bds 4.375 05/15/40 DBT	$15M	0.65%
Pstat 2026-1a A1 V/r 07/15/34 ABS-CBDO	$14.6M	0.63%
Us Treas Bds 3.625% 05/15/53 DBT	$14.3M	0.62%
Cone 2026-acd6 A V/r 07/15/31 ABS-CBDO	$13.1M	0.57%
T/l Hopper Merger Zcp 04/09/29 LON	$12.1M	0.52%
Str 2026-1a A1 5.22% 03/20/32 ABS-CBDO	$12M	0.52%
Organon & Co/o 5.125% 04/30/31 DBT	$11.6M	0.50%
Axis Specialty Fi V/r 01/15/40 DBT	$11.6M	0.50%
Guardian Life 4.809% 06/01/31 DBT	$11.5M	0.50%
Bx 2026-cls A V/r 05/15/28 ABS-CBDO	$11.4M	0.49%
Ha Sustainable 6.375% 07/01/34 DBT	$11.4M	0.49%
Cobank Acb V/r /perp/ DBT	$11.4M	0.49%
Meta Platforms I 4.6% 11/15/32 DBT	$11.3M	0.49%
Ondk 2025-2a A 4.84% 11/17/28 ABS-CBDO	$11.2M	0.49%
T/l Connect Finco 0% 09/27/29 LON	$11.2M	0.49%
Elk Grove Villag 7.5% 06/15/31 DBT	$11.2M	0.48%
Adc 2026-1a A 5.909% 06/15/31 ABS-CBDO	$11.1M	0.48%
Sidc 2026-1a A2 5% 03/25/31 ABS-CBDO	$11M	0.48%
Qts Fayettev I D 5.7% 04/15/36 DBT	$11M	0.47%
T/l Project Mag 0% 07/15/33 LON	$10.7M	0.46%
Bank Of America Cor V/r /perp/ DBT	$10.6M	0.46%
Centene Corp 3% 10/15/30 DBT	$10.4M	0.45%
Zayo 2025-2a 5.953% 06/20/30 ABS-CBDO	$10.4M	0.45%
T/l Lendingtree 0% 08/14/2030 LON	$10.2M	0.44%
Bx 2026-csmo A V/r 02/15/28 ABS-CBDO	$10.2M	0.44%
Pfsfc 2024-f A 4.75% 08/15/27 ABS-CBDO	$10.2M	0.44%
Beignet Invest 6.581% 05/30/49 DBT	$10M	0.43%
Bx 2026-rise A V/r 04/15/28 ABS-CBDO	$10M	0.43%
Munich Re V/r 05/23/42 DBT	$9.96M	0.43%
Oxfin 2025-1a 5.413% 02/16/32 ABS-CBDO	$9.92M	0.43%
T/l Hillenbrand 0% 01/22/2033 LON	$9.78M	0.42%
Town 2025-stay A V/r 03/15/27 ABS-CBDO	$9.76M	0.42%
T/l Aag Us Gsi Bi 0% 10/31/31 LON	$9.68M	0.42%
Enstar Finance Ll V/r 01/15/42 DBT	$9.61M	0.42%
Fremf 2025-k170 Zcp 04/25/35 ABS-CBDO	$9.61M	0.42%
Dbc 2025-dbc A V/r 11/15/27 ABS-CBDO	$9.59M	0.41%
Volkswagen Group 3.2% 09/26/26 DBT	$9.52M	0.41%
Mercedes-benz F 4.25% 03/10/29 DBT	$9.48M	0.41%
Duke Ene Ca Sc 4.898% 03/01/46 DBT	$9.3M	0.40%
T/l Rockpoint Gas 0% 09/18/31 LON	$9.26M	0.40%
Pr Rno Property 6.5% 05/01/31 DBT	$9.21M	0.40%
Cgnt 2024-1a 7.924% 05/25/29 ABS-CBDO	$9.19M	0.40%

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