Morningstar Fund Report  | 17/04/2025Print

Brown Brothers Harriman Luxembourg Funds Core Select Fund R[i] GBP

Performance History31/08/2024
Growth of 1,000 (GBP) Advanced Graph
Brown Brothers Harriman Luxembourg Funds Core Select Fund R[i] GBP
Fund8.727.9-12.216.411.7
+/-Cat-5.41.6-2.7-0.8-
+/-B’mrk-8.10.8-2.4-2.7-
 
Category: US Large-Cap Blend Equity
Category Benchmark: Morningstar US Large-Mid NR...
Key Stats
NAV
28/08/2024		 GBP 32.76
Day Change 0.23%
Morningstar Category™ US Large-Cap Blend Equity
IA (formerly IMA) Sector -
ISIN LU0861823945
Fund Size (Mil)
16/04/2025		 USD 294.56
Share Class Size (Mil)
28/08/2024		 GBP 0.39
Max Initial Charge 5.00%
Ongoing Charge
22/01/2024		  1.15%
Investment Objective: Brown Brothers Harriman Luxembourg Funds Core Select Fund R[i] GBP
The objective of BBH Luxembourg Funds – BBH Core Select (for the purpose of the present Appendix the "Core Select Subfund") is providing investors with long-term capital growth. Consistent with this objective, the Core Select Sub-fund seeks to generate attractive equity returns while maintaining an emphasis on capital preservation. The Core Select Sub-fund does not attempt to mirror any benchmark or index. The Core Select Sub-fund will typically invest in companies with market capitalizations greater than $5 billion that are headquartered in North America, as well as certain global firms located in other developed regions.
Returns
Trailing Returns (GBP)28/08/2024
YTD11.74
3 Years Annualised7.82
5 Years Annualised9.53
10 Years Annualised11.56
12 Month Yield 0.00
Management
Manager Name
Start Date
Michael Keller
28/01/2009
Scott Hill
29/01/2024
Inception Date
28/03/2013

Category Benchmark
Fund BenchmarkMorningstar Benchmark
S&P 500 TR USDMorningstar US Large-Mid NR USD
Portfolio Profile for  Brown Brothers Harriman Luxembourg Funds Core Select Fund R[i] GBP31/03/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock99.500.0099.50
Bond0.000.000.00
Property0.000.000.00
Cash0.500.000.50
Other0.000.000.00
Top 5 Regions%
United States95.57
Europe - ex Euro4.43
Canada0.00
Latin America0.00
United Kingdom0.00
Top 5 Sectors%
Technology29.38
Financial Services18.80
Healthcare16.38
Consumer Cyclical9.94
Industrials7.10
Top 5 HoldingsSector%
Alphabet Inc Class CCommunication ServicesCommunication Services6.91
Mastercard Inc Class AFinancial ServicesFinancial Services6.62
Microsoft CorpTechnologyTechnology6.61
Linde PLCBasic MaterialsBasic Materials5.94
KLA CorpTechnologyTechnology5.30
Increase Decrease New since last portfolio
Brown Brothers Harriman Luxembourg Funds Core Select Fund R[i] GBP
Growth Of 1000 (GBP) 31/08/2024
Fund:  Brown Brothers Harriman Luxembourg Funds Core Select Fund R[i] GBP
Category:  US Large-Cap Blend Equity
Category Index:  Morningstar US Large-Mid NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/08/2024
 201720182019202020212022202331/08
Price Return8.34-2.2823.938.6627.91-12.1816.3911.74
+/- Category-1.40-0.850.52-5.441.64-2.75-0.84-
+/- Category Index-2.19-3.11-1.86-8.100.81-2.39-2.74-
% Rank in Category7168558245816676
Trailing Returns (GBP)28/08/2024
   Total Returns   +/- Category   +/- Category Index
1 Day0.23   0.630.81
1 Week-0.54   -2.75-4.94
1 Month0.61   6.197.25
3 Months2.16   17.3218.33
6 Months4.20   13.3012.05
YTD11.74   24.7524.95
1 Year17.97   19.7116.98
3 Years Annualised7.82   1.510.32
5 Years Annualised9.53   -3.27-4.36
10 Years Annualised11.56   0.44-0.65
 
Category: US Large-Cap Blend Equity
Category Index: Morningstar US Large-Mid NR USD
Quarterly Returns (GBP)31/08/2024
 Quarter 1Quarter 2Quarter 3Quarter 4
20249.673.17--
20233.295.371.245.62
2022-5.50-8.721.270.53
20211.628.133.9112.02
2020-14.5815.845.004.58
20199.219.796.70-3.12
 
 
 
Morningstar Rating™(Relative to Category)-
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-Year--Not Rated
5-Year--Not Rated
10-Year--Not Rated
Overall--Not Rated
 
Category :  US Large-Cap Blend EquityClick here to see our Methodology
Volatility Measurements31/08/2024
 
3-Yr Std Dev12.66 %
3-Yr Mean Return8.52 %
 
3-Yr Sharpe Ratio0.40
 
Modern Portfolio Statistics31/08/202431/08/2024
 Standard IndexBest Fit Index
 Morningstar US Large-Mid NR USD  Morningstar US TME NR USD
3-Yr Beta0.960.97
3-Yr Alpha-1.60-1.77
 
Investment Style Details31/03/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 277458-
Market Capitalisation% of Equity
Giant41.32
Large56.64
Medium2.04
Small0.00
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings25.211.19
Price/Book5.911.32
Price/Sales4.361.68
Price/Cash Flow17.141.15
Dividend-Yield Factor0.980.69
 
Long-Term Projected Earnings Growth10.220.93
Historical Earnings Growth15.751.43
Sales Growth9.901.13
Cash-Flow Growth12.891.59
Book-Value Growth12.961.25
 
Category: US Large-Cap Blend Equity
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock99.500.0099.50
Bond0.000.000.00
Property0.000.000.00
Cash0.500.000.50
Other0.000.000.00
World Regions31/03/2025
 % of EquityRelative to Category
United States95.570.98
Canada0.000.00
Latin America0.000.00
United Kingdom0.000.00
Eurozone0.000.00
Europe - ex Euro4.437.96
Europe - Emerging0.00-
Africa0.00-
Middle East0.000.00
Japan0.000.00
Australasia0.00-
Asia - Developed0.000.00
Asia - Emerging0.000.00
 
Category: US Large-Cap Blend Equity
Sector Weightings31/03/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials5.972.77
Consumer CyclicalConsumer Cyclical9.940.95
Financial ServicesFinancial Services18.801.26
Consumer DefensiveConsumer Defensive5.491.01
HealthcareHealthcare16.381.38
Communication ServicesCommunication Services6.940.77
IndustrialsIndustrials7.100.93
TechnologyTechnology29.380.95
 
Category: US Large-Cap Blend Equity
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings28
Total Number of Bond Holdings0
Assets in Top 10 Holdings54.59
NameSectorCountry% of Assets
Alphabet Inc Class C308United States6.91
Mastercard Inc Class A103United States6.62
Microsoft Corp311United States6.61
Linde PLC101United States5.94
KLA Corp311United States5.30
Oracle Corp311United States5.09
Waste Management Inc310United States5.03
Amazon.com Inc102United States4.73
Alcon Inc206Switzerland4.41
Costco Wholesale Corp205United States3.95
 
Increase Decrease New since last portfolio
Category: US Large-Cap Blend Equity
 
Management
Name of CompanyBrown Brothers Harriman Mutual Fund Advisory Department
Phone-
Website -
Address-
 -   -
 -
DomicileLuxembourg
Legal StructureSICAV
UCITSYes
Inception Date28/03/2013
Fund Advisor(s)
Brown Brothers Harriman Mutual Fund Advisory Department
Fund ManagerMichael Keller
Manager Start Date28/01/2009
Career Start Year1999
Education
Princeton University, B.S.
 
Biography
Mr. Keller has been a co-manager of BBH Core Select since June 2008. Mr. Keller also serves as BBH’s technology analyst. Prior to joining BBH in 2005, he was a senior equity analyst for KeyBanc Capital Markets covering technology and business services. Mr. Keller earned a B.S.E. from Princeton University and is a CFA charterholder.
Fund ManagerScott Hill
Manager Start Date29/01/2024
 
Biography
Mr. Hill is a Principal of BBH&Co. with 22 years of investment experience. Mr. Hill holds a BS from the University of Utah and a JD from Boston University School of Law. He joined BBH&Co. in 2003. From 2003 to 2007 Mr. Hill served as a Senior Vice President. From 2007 to 2023 Mr. Hill served as a Managing Director. Mr. Hill has been a Principal since 2024.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge5.00%
Max Exit Charge*2.00%
Annual Charges
Max Annual Management Charge1.00%
Ongoing Charge1.15%
Purchase Details
Minimum Investments
Initial75000  GBP
Additional7500  GBP
Savings-
Tax Free Savings Schemes
ISAsYes