0000891092-13-003486.txt : 20130419 0000891092-13-003486.hdr.sgml : 20130419 20130419144410 ACCESSION NUMBER: 0000891092-13-003486 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20130419 DATE AS OF CHANGE: 20130419 EFFECTIVENESS DATE: 20130419 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BBH Trust CENTRAL INDEX KEY: 0001342947 IRS NUMBER: 000000000 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 333-129342 FILM NUMBER: 13771300 BUSINESS ADDRESS: STREET 1: 40 WATER STREET CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 617-423-0800 MAIL ADDRESS: STREET 1: 40 WATER STREET CITY: BOSTON STATE: MA ZIP: 02109 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BBH Trust CENTRAL INDEX KEY: 0001342947 IRS NUMBER: 000000000 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-21829 FILM NUMBER: 13771301 BUSINESS ADDRESS: STREET 1: 40 WATER STREET CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 617-423-0800 MAIL ADDRESS: STREET 1: 40 WATER STREET CITY: BOSTON STATE: MA ZIP: 02109 0001342947 S000039385 BBH Global Core Select C000121369 Class N Shares C000121370 Retail Class Shares 485BPOS 1 e53013_485bpos.htm PROSPECTUS

Registration Nos. 333-129342

811-21829


UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549  


FORM N-1A


REGISTRATION STATEMENT

UNDER

         
    THE SECURITIES ACT OF 1933   x
    Pre-Effective Amendment No.        ¨
    Post-Effective Amendment No. 34   x
     
    and/or    
     
    REGISTRATION STATEMENT    
    UNDER    
    THE INVESTMENT COMPANY ACT OF 1940   x
    Amendment No. 38    

(Check appropriate box or boxes)  

 

BBH TRUST

(Exact Name of Registrant as Specified in Charter)  

 

140 Broadway

New York, New York 10005

(Address of Principal Executive Offices) (Zip Code)

 

(800) 575-1265

Registrant’s Telephone Number, including Area Code:

 

Corporation Services Company

2711 Centerville Road, Suite 400

Wilmington, Delaware  19808

(Name and Address of Agent for Service)  


Copies to:

Bingham McCutchen LLP

2020 K Street NW

Washington, DC 20006-1806

 

Attn: W. John McGuire, Esq.


 

 
 

It is proposed that this filing will become effective:

 

x immediately upon filing pursuant to paragraph (b) of Rule 485

 

¨  on (date)  pursuant to paragraph (b) of Rule 485

 

¨ 60 days after filing pursuant to paragraph (a)(1)

 

¨ on (date) pursuant to paragraph (a)(1)

 

¨ 75 days after filing pursuant to paragraph (a)(2)

 

¨ on (date) pursuant to paragraph (a)(2) of Rule 485

If appropriate, check the following box

 

¨ This post-effective amendment designates a new effective date for a previously filed post-effective amendment.

 

Explanatory Note: The sole purpose of this Post-Effective Amendment (“PEA”) No. 34 to the Registration Statement of BBH Trust (the “Trust”) is to file as an exhibit to the Trust’s registration statement, the risk/return summary information for BBH Global Core Select in interactive data format.

 

 
 

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, as amended and the Investment Company Act of 1940, as amended, the Registrant certifies that it meets all of the requirements for effectiveness of this Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933 and has duly caused this post-effective amendment No. 34 to the registration statement on Form N-1A to be signed on its behalf by the undersigned, duly authorized, in the City of Boston Massachusetts on the 19th day of April, 2013.

 

BBH TRUST

By:   /s/Radford W. Klotz
  Radford W. Klotz, President (Principal Executive Officer)

Pursuant to the requirements of the Securities Act of 1933, this Amendment to the Registration Statement has been signed below by the following persons in the capacities and on the date indicated.

Name   Title Date
 
/s/Radford W. Klotz   President (Principal Executive Officer) April 19, 2013
Radford W. Klotz      
 
 /s/Susan C. Livingston   Trustee April 19, 2013
Susan C. Livingston*      
 
 /s/Joseph V. Shields, Jr.   Trustee April 19, 2013
Joseph V. Shields, Jr.*      
 
 /s/David P. Feldman   Trustee April 19, 2013
David P. Feldman*      
 
 /s/Arthur D. Miltenberger   Trustee April 19, 2013
Arthur D. Miltenberger*      
 
 /s/ H. Whitney Wagner    Trustee April 19, 2013
H. Whitney Wagner*      
       
 /s/Andrew S. Frazier   Trustee April 19, 2013
Andrew S. Frazier*      
       
 /s/John A. Gehret   Trustee April 19, 2013
John A. Gehret*      
       
 /s/Mark M. Collins   Trustee April 19, 2013
Mark M. Collins*      
 
/s/Charles H.Schreiber   Treasurer (Principal Financial Officer) April 19, 2013
Charles H. Schreiber      

 

/s/Suzan M. Barron   Secretary April 19, 2013
By: Suzan M. Barron, Attorney in Fact      
       

 

*Signed by Suzan M. Barron pursuant to powers of attorney previously filed.

 
 

 

Exhibit Index

 

 

Ex-101.INS XBRL Instance Document
Ex-101.SCH XBRL Schema Document
Ex-101.CAL XBRL Calculation Linkbase
Ex-101.DEF XBRL Definition Linkbase
Ex-101.LAB XBRL Labels Linkbase
Ex-101.PRE XBRL Presentation Linkbase

 

EX-101.PRE 3 bbh-20130328_pre.xml XBRL PRESENTATION FILE EX-101.INS 4 bbh-20130328.xml XBRL INSTANCE FILE 0001342947 2012-10-31 2012-10-31 0001342947 bbh:doc_BBH_Global_Core_Select_Class_N_SharesMember bbh:S000039385Member bbh:C000121369Member 2012-10-31 2012-10-31 0001342947 bbh:doc_BBH_Global_Core_Select_Retail_Class_SharesMember bbh:S000039385Member bbh:C000121370Member 2012-10-31 2012-10-31 xbrli:pure iso4217:USD Other Expenses are based on estimated amounts for the current fiscal year. BBH Trust 485BPOS false 0001342947 2012-10-31 2013-03-28 2013-03-28 2013-03-28 BBH Global Core Select BBGNX PRINCIPAL RISKS OF THE FUND <p style="TEXT-ALIGN: left"> The principal risks of investing in the Fund and the circumstances reasonably likely to adversely affect an investment are listed in alphabetical order and described below. The share price of the Fund changes daily, based on market conditions and other factors. A shareholder may lose money by investing in the Fund. There can be no assurance that the Fund will achieve its investment objective. </p> <br/><p style="TEXT-ALIGN: left"> <b>Capital Controls Risk:</b> </p> <br/><p style="TEXT-ALIGN: left"> Capital controls imposed by foreign governments in response to economic or political events may impact the ability of the Fund to buy, sell or otherwise transfer securities or currency. This may adversely affect the trading market and price for shares of the Fund, and may cause the Fund to decline in value. </p> <br/><p style="TEXT-ALIGN: left"> <b>Currency Exchange Rate Risk:</b> </p> <br/><p style="text-align: left;"> Because the Fund invests in securities denominated in, or providing exposure to, non-U.S. currencies and the Fund&#8217;s NAV is determined on the basis of U.S. dollars, the U.S. dollar value of your investment in the Fund may go down if the value of the local currency of the non-U.S. markets in which the Fund invests depreciates against the U.S. dollar. Currency exchange rates can be very volatile and can change quickly and unpredictably. </p> <br/><p style="TEXT-ALIGN: left"> <b>Emerging Markets Risk:</b> </p> <br/><p style="TEXT-ALIGN: left"> Emerging markets involve risks greater than those generally associated with investing in more developed foreign markets. These less developed markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile. </p> <br/><p style="TEXT-ALIGN: left"> <b>Equity Securities Risk:</b> </p> <br/><p style="TEXT-ALIGN: left"> Equity risk is the risk that prices of equity securities rise and fall daily due to factors affecting individual companies, particular industries or the equity market as a whole. </p> <br/><p style="TEXT-ALIGN: left"> <b>Foreign Investment Risk:</b> </p> <br/><p style="TEXT-ALIGN: left"> This is the risk associated with adverse political, social and economic developments abroad, different kinds and levels of market and issuer regulations, and the different characteristics of overseas economies and markets. </p> <br/><p style="TEXT-ALIGN: left"> <b>Investment Risk:</b> </p> <br/><p style="TEXT-ALIGN: left"> Investors in the Fund could lose money, including the possible loss of the entire principal amount of an investment, over short or even long periods of time. </p> <br/><p style="TEXT-ALIGN: left"> <b>Management Risk:</b> </p> <br/><p style="text-align: left;"> The Fund is actively managed and its success depends upon the investment skills and analytical abilities of the investment adviser to develop and effectively implement strategies that achieve the Fund&#8217;s investment objective. Subjective decisions made by the investment adviser may cause the Fund to incur losses or to miss profit opportunities on which it may otherwise have capitalized. </p> <br/><p style="TEXT-ALIGN: left"> <b>Market Risk:</b> </p> <br/><p style="TEXT-ALIGN: left"> This is the risk that the price of a security will fall due to changing economic, political, regulatory or market conditions, or due to a company&#8217;s or issuer&#8217;s individual situation. </p> <br/><p style="TEXT-ALIGN: left"> <b>Medium-Sized Company Risk:</b> </p> <br/><p style="TEXT-ALIGN: left"> Stocks of medium-sized companies tend to be more volatile and less liquid than stocks of large companies and may trade at prices that reflect incomplete or inaccurate information. </p> <br/><p style="TEXT-ALIGN: left"> <b>Non-Diversification Risk:</b> </p> <br/><p style="TEXT-ALIGN: left"> A non-diversified fund may be subject to greater risk than a diversified fund because changes in the financial condition of individual issuers, as well as political, regulatory or economic occurrences affecting such issuers may cause greater fluctuation in the value of a non-diversified fund&#8217;s shares. </p> <br/><p style="TEXT-ALIGN: left"> <b>Shareholder Concentration Risk:</b> </p> <br/><p style="TEXT-ALIGN: left"> This is the risk that asset allocation decisions, particularly large redemptions, made by an investment adviser whose discretionary clients make up a large percentage of the Fund&#8217;s shareholders may adversely impact remaining Fund shareholders. </p> A shareholder may lose money by investing in the Fund. A non-diversified fund may be subject to greater risk than a diversified fund because changes in the financial condition of individual issuers, as well as political, regulatory or economic occurrences affecting such issuers may cause greater fluctuation in the value of a non-diversified fund's shares. Portfolio Turnover <p style="TEXT-ALIGN: left"> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example above, affect the Fund&#8217;s performance. </p> FEES AND EXPENSES OF THE FUND <p style="text-align: left;"> The table below describes the fees and expenses that you may pay if you buy and hold the Fund&#8217;s Class N shares. </p> <br/><p style="text-align: left;"> The investment adviser has contractually agreed to limit the Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions, other expenditures that are capitalized in accordance with generally accepted accounting principles, and other extraordinary expenses not incurred in the ordinary course of the Fund&#8217;s business) to 1.25% through April 1, 2014 (the &#8220;Expense Limitation Agreement&#8221;). The Expense Limitation Agreement may only be terminated during its term with approval of the Fund&#8217;s Board of Trustees (the &#8220;Board&#8221;). </p> 0.0000 0.0000 0.0000 -0.0200 0.0000 0.0095 0.0000 0.0031 0.0126 -0.0001 0.0125 ~ http://bbhtrust.com/20130328/role/ScheduleShareholderFees20001 column dei_DocumentInformationDocumentAxis compact bbh_doc_BBH_Global_Core_Select_Class_N_SharesMember column dei_LegalEntityAxis compact bbh_S000039385Member column rr_ProspectusShareClassAxis compact bbh_C000121369Member row primary compact * ~ ~ http://bbhtrust.com/20130328/role/ScheduleAnnualFundOperatingExpenses20002 column dei_DocumentInformationDocumentAxis compact bbh_doc_BBH_Global_Core_Select_Class_N_SharesMember column dei_LegalEntityAxis compact bbh_S000039385Member column rr_ProspectusShareClassAxis compact bbh_C000121369Member row primary compact * ~ 2014-04-01 Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment) Other Expenses are based on estimated amounts for the current fiscal year. Shareholder Fees (Fees paid directly from your investment) INVESTMENT OBJECTIVE <p style="TEXT-ALIGN: left"> The investment objective of BBH Global Core Select (the &#8220;Fund&#8221;) is to provide investors with long-term growth of capital. </p> EXAMPLE <p style="text-align: left;"> This example is intended to help you compare the cost of investing in the Fund&#8217;s Class N shares to the cost of investing in other mutual funds. This example gives effect to the contractual expense reimbursement for 1 year and the first year of the 3 year calculation. </p> 127 398 ~ http://bbhtrust.com/20130328/role/ScheduleExpenseExampleTransposed20003 column dei_DocumentInformationDocumentAxis compact bbh_doc_BBH_Global_Core_Select_Class_N_SharesMember column dei_LegalEntityAxis compact bbh_S000039385Member column rr_ProspectusShareClassAxis compact bbh_C000121369Member row primary compact * ~ The example assumes that you invest $10,000 in the Fund's Class N shares for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the operating expenses of the Fund's Class N shares remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: PRINCIPAL INVESTMENT STRATEGIES <p style="TEXT-ALIGN: left"> The Fund will invest primarily in publicly traded equity securities of companies that are located anywhere in the world, including in the United States. The Fund will invest in equities issued by U.S. and non-U.S. firms both directly and in the form of depository receipts representing an interest in these securities. The Fund may invest in companies that are organized, have a majority of their assets, or generate the majority of their operating income in any country, including emerging markets countries, but the Fund intends to invest primarily in the equity securities of companies in countries with developed economies. The Fund&#8217;s equity strategy blends aspects of growth and value investing. </p> <br/><p style="TEXT-ALIGN: left"> The Fund will not be required to allocate its investments among any particular countries or in set percentages. Under normal circumstances, however, the Fund will invest in at least three different countries, and invest at least 40% of its net assets in securities of non-U.S. companies. For these purposes, &#8220;non-U.S. companies&#8221; are firms that are organized, have a majority of their assets, or generate the majority of their revenues and/or operating income outside the United States. The Fund also seeks to invest in approximately 30-40 different companies that meet its demanding investment criteria. While the Fund may invest in equity securities of companies of any size, the Fund will primarily invest in large and mid-capitalized companies with market capitalizations greater than $3 billion. </p> <br/><p style="TEXT-ALIGN: left"> The Fund buys and sells securities denominated in currencies other than the U.S. dollar. Interest, dividends and sale proceeds on such securities are received in currencies other than the U.S. dollar. The Fund may enter into foreign currency exchange transactions from time to time to convert to and from different foreign currencies and to convert foreign currencies to and from the U.S. dollar. The Fund may purchase currency forwards for the purpose of hedging the value of securities purchased or intended to be purchased. However, the Fund will have no obligation to hedge against any risks and there can be no assurance that hedging transactions, if undertaken, will be effective. </p> <br/><p style="TEXT-ALIGN: left"> The investment adviser will generally select companies based on their long-term investment potential and follows a &#8220;buy and own&#8221; approach. The Fund will not seek to trade in and out of stocks for small gains. While not a determining factor, the investment adviser may consider tax implications when deciding whether or not to sell a particular investment. </p> FUND PERFORMANCE <p style="text-align: left;"> Because the Fund has less than a full calendar year of investment operations, no performance information is presented for the Fund at this time. The Fund is a successor to a private fund of the same name (the &#8220;Predecessor Fund&#8221;), which also has less than a full calendar year of investment operations. In the future, performance information will be presented in this section of this Prospectus and will include the performance of the Predecessor Fund, adjusted to reflect the Fund&#8217;s current fees and expenses, for periods prior to its reorganization into the Fund. </p> Because the Fund has less than a full calendar year of investment operations, no performance information is presented for the Fund at this time. BBH Global Core Select BBGRX PRINCIPAL RISKS OF THE FUND <p style="text-align: left;"> The principal risks of investing in the Fund and the circumstances reasonably likely to adversely affect an investment are listed in alphabetical order and described below. The share price of the Fund changes daily, based on market conditions and other factors. A shareholder may lose money by investing in the Fund. There can be no assurance that the Fund will achieve its investment objective. </p> <br/><p style="text-align: left;"> <b>Capital Controls Risk:</b> </p> <br/><p style="text-align: left;"> Capital controls imposed by foreign governments in response to economic or political events may impact the ability of the Fund to buy, sell or otherwise transfer securities or currency. This may adversely affect the trading market and price for shares of the Fund, and may cause the Fund to decline in value. </p> <br/><p style="text-align: left;"> <b>Currency Exchange Rate Risk:</b> </p> <br/><p style="text-align: left;"> Because the Fund invests in securities denominated in, or providing exposure to, non-U.S. currencies and the Fund&#8217;s NAV is determined on the basis of U.S. dollars, the U.S. dollar value of your investment in the Fund may go down if the value of the local currency of the non-U.S. markets in which the Fund invests depreciates against the U.S. dollar. Currency exchange rates can be very volatile and can change quickly and unpredictably. </p> <br/><p style="text-align: left;"> <b>Emerging Markets Risk:</b> </p> <br/><p style="text-align: left;"> Emerging markets involve risks greater than those generally associated with investing in more developed foreign markets. These less developed markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile. </p> <br/><p style="text-align: left;"> <b>Equity Securities Risk:</b> </p> <br/><p style="text-align: left;"> Equity risk is the risk that prices of equity securities rise and fall daily due to factors affecting individual companies, particular industries or the equity market as a whole. </p> <br/><p style="text-align: left;"> <b>Foreign Investment Risk:</b> </p> <br/><p style="text-align: left;"> This is the risk associated with adverse political, social and economic developments abroad, different kinds and levels of market and issuer regulations, and the different characteristics of overseas economies and markets. </p> <br/><p style="text-align: left;"> <b>Investment Risk:</b> </p> <br/><p style="text-align: left;"> Investors in the Fund could lose money, including the possible loss of the entire principal amount of an investment, over short or even long periods of time. </p> <br/><p style="text-align: left;"> <b>Management Risk:</b> </p> <br/><p style="text-align: left;"> The Fund is actively managed and its success depends upon the investment skills and analytical abilities of the investment adviser to develop and effectively implement strategies that achieve the Fund&#8217;s investment objective. Subjective decisions made by the investment adviser may cause the Fund to incur losses or to miss profit opportunities on which it may otherwise have capitalized. </p> <br/><p style="TEXT-ALIGN: left"> <b>Market Risk:</b> </p> <br/><p style="TEXT-ALIGN: left"> This is the risk that the price of a security will fall due to changing economic, political, regulatory or market conditions, or due to a company&#8217;s or issuer&#8217;s individual situation. </p> <br/><p style="TEXT-ALIGN: left"> <b>Medium-Sized Company Risk:</b> </p> <br/><p style="TEXT-ALIGN: left"> Stocks of medium-sized companies tend to be more volatile and less liquid than stocks of large companies and may trade at prices that reflect incomplete or inaccurate information. </p> <br/><p style="TEXT-ALIGN: left"> <b>Non-Diversification Risk:</b> </p> <br/><p style="TEXT-ALIGN: left"> A non-diversified fund may be subject to greater risk than a diversified fund because changes in the financial condition of individual issuers, as well as political, regulatory or economic occurrences affecting such issuers may cause greater fluctuation in the value of a non-diversified fund&#8217;s shares. </p> <br/><p style="TEXT-ALIGN: left"> <b>Shareholder Concentration Risk:</b> </p> <br/><p style="TEXT-ALIGN: left"> This is the risk that asset allocation decisions, particularly large redemptions, made by an investment adviser whose discretionary clients make up a large percentage of the Fund&#8217;s shareholders may adversely impact remaining Fund shareholders. </p> A shareholder may lose money by investing in the Fund. A non-diversified fund may be subject to greater risk than a diversified fund because changes in the financial condition of individual issuers, as well as political, regulatory or economic occurrences affecting such issuers may cause greater fluctuation in the value of a non-diversified fund's shares. Portfolio Turnover <p style="text-align: left;"> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example above, affect the Fund&#8217;s performance. </p> FEES AND EXPENSES OF THE FUND <p style="text-align: left;"> The table below describes the fees and expenses that you may pay if you buy and hold the Fund&#8217;s Retail Class shares. </p> <br/><p style="text-align: left;"> The investment adviser has contractually agreed to limit the Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions, other expenditures that are capitalized in accordance with generally accepted accounting principles, other extraordinary expenses not incurred in the ordinary course of the Fund&#8217;s business and amounts payable pursuant to any plan adopted in accordance with Rule 12b-1) to 1.25% through April 1, 2014 (the &#8220;Expense Limitation Agreement&#8221;). After exclusions, total operating expenses for Retail Class shares of the Fund are expected to be 1.50%. The Expense Limitation Agreement may only be terminated during its term with approval of the Fund&#8217;s Board of Trustees (the &#8220;Board&#8221;). </p> 0.0000 0.0000 0.0000 -0.0200 0.0000 0.0095 0.0025 0.0031 0.0151 -0.0001 0.0150 ~ http://bbhtrust.com/20130328/role/ScheduleShareholderFees20006 column dei_DocumentInformationDocumentAxis compact bbh_doc_BBH_Global_Core_Select_Retail_Class_SharesMember column dei_LegalEntityAxis compact bbh_S000039385Member column rr_ProspectusShareClassAxis compact bbh_C000121370Member row primary compact * ~ ~ http://bbhtrust.com/20130328/role/ScheduleAnnualFundOperatingExpenses20007 column dei_DocumentInformationDocumentAxis compact bbh_doc_BBH_Global_Core_Select_Retail_Class_SharesMember column dei_LegalEntityAxis compact bbh_S000039385Member column rr_ProspectusShareClassAxis compact bbh_C000121370Member row primary compact * ~ 2014-04-01 Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment) Other Expenses are based on estimated amounts for the current fiscal year. Shareholder Fees (Fees paid directly from your investment) INVESTMENT OBJECTIVE <p style="text-align: left;"> The investment objective of BBH Global Core Select (the &#8220;Fund&#8221;) is to provide investors with long-term growth of capital. </p> EXAMPLE <p style="text-align: left;"> This example is intended to help you compare the cost of investing in the Fund&#8217;s Retail Class shares to the cost of investing in other mutual funds. This example gives effect to the contractual expense reimbursement for 1 year and the first year of the 3 year calculation.</p> 153 477 ~ http://bbhtrust.com/20130328/role/ScheduleExpenseExampleTransposed20008 column dei_DocumentInformationDocumentAxis compact bbh_doc_BBH_Global_Core_Select_Retail_Class_SharesMember column dei_LegalEntityAxis compact bbh_S000039385Member column rr_ProspectusShareClassAxis compact bbh_C000121370Member row primary compact * ~ The example assumes that you invest $10,000 in the Fund's Retail Class shares for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the operating expenses of the Fund's Retail Class shares remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: PRINCIPAL INVESTMENT STRATEGIES <p style="text-align: left;"> The Fund will invest primarily in publicly traded equity securities of companies that are located anywhere in the world, including in the United States. The Fund will invest in equities issued by U.S. and non-U.S. firms both directly and in the form of depository receipts representing an interest in these securities. The Fund may invest in companies that are organized, have a majority of their assets, or generate the majority of their operating income in any country, including emerging markets countries, but the Fund intends to invest primarily in the equity securities of companies in countries with developed economies. The Fund&#8217;s equity strategy blends aspects of growth and value investing. </p> <br/><p style="text-align: left;"> The Fund will not be required to allocate its investments among any particular countries or in set percentages. Under normal circumstances, however, the Fund will invest in at least three different countries, and invest at least 40% of its net assets in securities of non-U.S. companies. For these purposes, &#8220;non-U.S. companies&#8221; are firms that are organized, have a majority of their assets, or generate the majority of their revenues and/or operating income outside the United States. The Fund also seeks to invest in approximately 30-40 different companies that meet its demanding investment criteria. While the Fund may invest in equity securities of companies of any size, the Fund will primarily invest in large and mid-capitalized companies with market capitalizations greater than $3 billion. </p> <br/><p style="text-align: left;"> The Fund buys and sells securities denominated in currencies other than the U.S. dollar. Interest, dividends and sale proceeds on such securities are received in currencies other than the U.S. dollar. The Fund may enter into foreign currency exchange transactions from time to time to convert to and from different foreign currencies and to convert foreign currencies to and from the U.S. dollar. The Fund may purchase currency forwards for the purpose of hedging the value of securities purchased or intended to be purchased. However, the Fund will have no obligation to hedge against any risks and there can be no assurance that hedging transactions, if undertaken, will be effective. </p> <br/><p style="text-align: left;"> The investment adviser will generally select companies based on their long-term investment potential and follows a &#8220;buy and own&#8221; approach. The Fund will not seek to trade in and out of stocks for small gains. While not a determining factor, the investment adviser may consider tax implications when deciding whether or not to sell a particular investment. </p> FUND PERFORMANCE <p style="text-align: left;"> Because the Fund has less than a full calendar year of investment operations, no performance information is presented for the Fund at this time. The Fund is a successor to a private fund of the same name (the &#8220;Predecessor Fund&#8221;), which also has less than a full calendar year of investment operations. In the future, performance information will be presented in this section of this Prospectus and will include the performance of the Predecessor Fund, adjusted to reflect the Fund&#8217;s current fees and expenses, for periods prior to its reorganization into the Fund. </p> Because the Fund has less than a full calendar year of investment operations, no performance information is presented for the Fund at this time. EX-101.SCH 5 bbh-20130328.xsd XBRL SCHEMA FILE 000001 - Document - Document and Entity Information link:presentationLink link:definitionLink link:calculationLink 020000 - Document - Risk/Return Summary {Unlabeled} - BBH Global Core Select Class N Shares - BBH Global Core Select (Class N Shares) link:presentationLink link:definitionLink link:calculationLink 020001 - Schedule - Shareholder Fees link:presentationLink link:definitionLink link:calculationLink 020002 - Schedule - Annual Fund Operating Expenses link:presentationLink link:definitionLink link:calculationLink 020003 - Schedule - Expense Example {Transposed} link:presentationLink link:definitionLink link:calculationLink 020005 - Document - Risk/Return Summary {Unlabeled} - BBH Global Core Select Retail Class Shares - BBH Global Core Select (Retail Class Shares) link:presentationLink link:definitionLink link:calculationLink 020006 - Schedule - Shareholder Fees link:presentationLink link:definitionLink link:calculationLink 020007 - Schedule - Annual Fund Operating Expenses link:presentationLink link:definitionLink link:calculationLink 020008 - Schedule - Expense Example {Transposed} link:presentationLink link:definitionLink link:calculationLink 020004 - Disclosure - Risk/Return Detail Data {Elements} - BBH Global Core Select Class N Shares - BBH Global Core Select (Class N Shares) link:presentationLink link:definitionLink link:calculationLink 020009 - Disclosure - Risk/Return Detail Data {Elements} - BBH Global Core Select Retail Class Shares - BBH Global Core Select (Retail Class Shares) link:presentationLink link:definitionLink link:calculationLink EX-101.CAL 6 bbh-20130328_cal.xml XBRL CALCULATION FILE EX-101.DEF 7 bbh-20130328_def.xml XBRL DEFINITION FILE EX-101.LAB 8 bbh-20130328_lab.xml XBRL LABEL FILE XML 9 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; word-wrap: break-word; } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } EXCEL 10 Financial_Report.xls IDEA: XBRL DOCUMENT begin 644 Financial_Report.xls M[[N_34E-12U697)S:6]N.B`Q+C`-"E@M1&]C=6UE;G0M5'EP93H@5V]R:V)O M;VL-"D-O;G1E;G0M5'EP93H@;75L=&EP87)T+W)E;&%T960[(&)O=6YD87)Y M/2(M+2TM/5].97AT4&%R=%\Q-3(R9C8Q9E\R-#8U7S0R-F5?8CAE,5\R9#`P M,3AC,3`V-6,B#0H-"E1H:7,@9&]C=6UE;G0@:7,@82!3:6YG;&4@1FEL92!7 M96(@4&%G92P@86QS;R!K;F]W;B!A'!L;W)E&UL;G,Z=CTS1")U&UL;G,Z;STS1")U&UL/@T*(#QX.D5X8V5L5V]R:V)O;VL^#0H@(#QX M.D5X8V5L5V]R:W-H965T5]);F9O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/E)I#I7;W)K#I%>&-E;%=O#I!8W1I=F53:&5E=#XP/"]X.D%C=&EV95-H965T/@T*("`\ M>#I0#I%>&-E;%=O7!E M.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@ M/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C M;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA'0^-#@U0E!/4SQS<&%N/CPO'0^0D)((%1R=7-T/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$3PO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^,#`P,3,T,CDT-SQS M<&%N/CPO'0^36%R(#(X+`T*"0DR,#$S/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$6UB;VP\+W1D/@T*("`@("`@("`\=&0@8VQA3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R M=%\Q-3(R9C8Q9E\R-#8U7S0R-F5?8CAE,5\R9#`P,3AC,3`V-6,-"D-O;G1E M;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO,34R,F8V,69?,C0V-5\T,C9E7V(X M93%?,F0P,#$X8S$P-C5C+U=O'0O:'1M;#L@8VAA'0^0D)(($=L M;V)A;"!#;W)E(%-E;&5C=#QS<&%N/CPO'0^/'`@'0^/'`@'!E;G-E6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[)SX@5&AE(&EN=F5S=&UE;G0@ M861V:7-E2!A9W)E960@=&\@;&EM:70@=&AE M(%1O=&%L($%N;G5A;"!&=6YD($]P97)A=&EN9R!%>'!E;G-E'!E;F1I='5R97,@=&AA="!A2!A8V-E<'1E9"!A8V-O=6YT:6YG('!R M:6YC:7!L97,L(&%N9"!O=&AE'1R86]R9&EN87)Y(&5X<&5N'!E;G-E($QI;6ET871I;VX@06=R965M96YT M)B,X,C(Q.RDN(%1H92!%>'!E;G-E($QI;6ET871I;VX@06=R965M96YT(&UA M>2!O;FQY(&)E('1E'0^4VAA6]U&-H M86YG92!&964\+W1D/@T*("`@("`@("`@("`@("`\=&0@86QI9VX],T1R:6=H M="!C;&%S'0^06YN=6%L($9U;F0@3W!E M'!E;G-E6]U'!E;G-E'!E;G-E(%)E M:6UB=7)S96UE;G0\+W1D/@T*("`@("`@("`@("`@("`\=&0@8VQA'!E M;G-E(%)E:6UB=7)S96UE;G0\+W1D/@T*("`@("`@("`@("`@("`\=&0@8VQA M65A M65A'0^5&AE(&5X86UP;&4@87-S=6UE6]U'!E;G-E6]U&%M<&QE#0H-"@T*#0HH55-$("0I/&)R/CPO6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B!4:&4@1G5N9"!P87ES M('1R86YS86-T:6]N(&-O7,@86YD('-E;&QS('-E8W5R:71I97,@*&]R("8C.#(R,#MT=7)N M&%B;&4@86-C;W5N="X@ M5&AE'!E;G-E'0^/'`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`\8CY#87!I=&%L($-O;G1R M;VQS(%)I2!F;W)E:6=N M(&=O=F5R;FUE;G1S(&EN(')E2!O9B!T:&4@1G5N M9"!T;R!B=7DL('-E;&P@;W(@;W1H97)W:7-E('1R86YS9F5R('-E8W5R:71I M97,@;W(@8W5R2!A9F9E8W0@=&AE M('1R861I;F<@;6%R:V5T(&%N9"!P6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[)SX@0F5C875S92!T:&4@ M1G5N9"!I;G9E'!O6]U2!G;R!D;W=N(&EF M('1H92!V86QU92!O9B!T:&4@;&]C86P@8W5R2!A;F0@=6YP2X@/"]P/B`\8G(O/CQP('-T>6QE M/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B`\8CY%;65R9VEN9R!-87)K971S(%)I M2P@86YD('!O;&ET:6-A;"!U M;F-E6QE/3-$)U1% M6%0M04Q)1TXZ(&QE9G0G/B`\8CY&;W)E:6=N($EN=F5S=&UE;G0@4FES:SH\ M+V(^(#PO<#X@/&)R+SX\<"!S='EL93TS1"=415A4+4%,24=..B!L969T)SX@ M5&AI6QE/3-$)U1%6%0M M04Q)1TXZ(&QE9G0G/B!);G9E2P@:6YC;'5D:6YG('1H92!P;W-S:6)L92!L;W-S(&]F('1H92!E M;G1I6QE/3-$)W1E>'0M86QI9VXZ M(&QE9G0[)SX@5&AE($9U;F0@:7,@86-T:79E;'D@;6%N86=E9"!A;F0@:71S M('-U8V-E2!I;7!L96UE;G0@2!T M:&4@:6YV97-T;65N="!A9'9I2!C875S92!T:&4@1G5N9"!T;R!I M;F-U2!W:6QL(&9A;&P@9'5E('1O(&-H86YG:6YG(&5C;VYO;6EC M+"!P;VQI=&EC86PL(')E9W5L871O6QE/3-$ M)U1%6%0M04Q)1TXZ(&QE9G0G/B`\8CY-961I=6TM4VEZ960@0V]M<&%N>2!2 M:7-K.CPO8CX@/"]P/B`\8G(O/CQP('-T>6QE/3-$)U1%6%0M04Q)1TXZ(&QE M9G0G/B!3=&]C:W,@;V8@;65D:75M+7-I>F5D(&-O;7!A;FEE6QE/3-$ M)U1%6%0M04Q)1TXZ(&QE9G0G/B`\8CY3:&%R96AO;&1E2!I M;7!A8W0@'0^1E5.1"!015)&3U)-04Y# M13QS<&%N/CPO6QE M/3-$)W1E>'0M86QI9VXZ(&QE9G0[)SX@0F5C875S92!T:&4@1G5N9"!H87,@ M;&5S'!E;G-EF%T:6]N(&EN=&\@=&AE($9U;F0N(#PO<#X\'0O:F%V87-C M3X-"B`@("`\=&%B;&4@ M8VQA'0^24Y615-4345.5"!/ M0DI%0U1)5D4\2!;5&5X="!";&]C:UT\+W1D/@T*("`@("`@("`\=&0@ M8VQA'!E;G-E(%M(96%D:6YG73PO=&0^#0H@("`@("`@(#QT9"!C;&%S'0@0FQO8VM=/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&@^'1";&]C:SPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'`@'!E;G-E6QE/3-$ M)W1E>'0M86QI9VXZ(&QE9G0[)SX@5&AE(&EN=F5S=&UE;G0@861V:7-E'!E M;F1I='5R97,@=&AA="!A2!A8V-E<'1E9"!A8V-O=6YT:6YG('!R:6YC:7!L97,L M(&%N9"!O=&AE'1R86]R9&EN87)Y(&5X<&5N'!E;G-E($QI;6ET871I;VX@06=R965M96YT)B,X,C(Q.RDN M(%1H92!%>'!E;G-E($QI;6ET871I;VX@06=R965M96YT(&UA>2!O;FQY(&)E M('1E'1=/"]T9#X- M"B`@("`@("`@/'1D(&-L87-S/3-$=&@^'0^4VAA6]U&EM M=6T@4V%L97,@0VAA&-H86YG92!&964\+W1D/@T*("`@("`@("`\ M=&0@8VQA&-H86YG949E94]V97)2961E;7!T:6]N/"]T M9#X-"B`@("`@("`@/'1D(&%L:6=N/3-$'1=/"]T9#X-"B`@("`@("`@ M/'1D(&-L87-S/3-$=&@^6]U('!A>2!E86-H('EE M87(@87,@82!P97)C96YT86=E(&]F('1H92!V86QU92!O9B!Y;W5R(&EN=F5S M=&UE;G0I/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'!E;G-E'!E;G-E'!E;G-E(%)E:6UB=7)S96UE;G0\+W1D/@T* M("`@("`@("`\=&0@8VQA'!E;G-E'0^,C`Q-"TP-"TP,3QS<&%N/CPO'0^4&]R=&9O;&EO(%1U M'0@0FQO8VM=/"]T9#X-"B`@("`@("`@/'1D(&-L M87-S/3-$=&@^6QE/3-$)U1%6%0M04Q) M1TXZ(&QE9G0G/B!4:&4@1G5N9"!P87ES('1R86YS86-T:6]N(&-O7,@86YD('-E;&QS('-E M8W5R:71I97,@*&]R("8C.#(R,#MT=7)N&%B;&4@86-C;W5N="X@5&AE'!E M;G-E'0^3W1H97(@17AP96YS97,@ M87)E(&)A'!E;G-E17AA;7!L94AE861I;F<\+W1D/@T*("`@ M("`@("`\=&0@8VQA'0@0FQO8VM=/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&@^6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[ M)SX@5&AI&%M<&QE(&ES(&EN=&5N9&5D('1O(&AE;'`@>6]U(&-O;7!A M2P@665A'!E;G-E17AA;7!L94)Y665A M&%M<&QE(&%S2!B92!H:6=H97(@;W(@;&]W M97(L(&)A&%M<&QE+"!W:71H(%)E9&5M<'1I;VXL(#$@665A&%M<&QE665A&%M<&QE+"!W:71H(%)E M9&5M<'1I;VXL(#,@665A'!E;G-E17AA;7!L95EE87(P,SPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^4%))3D-)4$%,($E.5D535$U%3E0@4U12051%1TE%4SQS M<&%N/CPO2!I;G9E2!I;B!T:&4@97%U:71Y('-E8W5R:71I97,@;V8@8V]M M<&%N:65S(&EN(&-O=6YT&EM871E;'D@,S`M-#`@9&EF M9F5R96YT(&-O;7!A;FEE2!S96-UF%T:6]N6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B!4:&4@1G5N9"!B=7ES(&%N M9"!S96QL2!C;VYS:61E'0^4%))3D-)4$%, M(%))4TM3($]&(%1(12!&54Y$/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S2!A9F9E8W0@86X@:6YV97-T;65N="!A M2P@8F%S960@;VX@;6%R:V5T(&-O;F1I=&EO;G,@86YD(&]T:&5R(&9A M8W1O6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G M/B`\8CY#87!I=&%L($-O;G1R;VQS(%)I2!F;W)E:6=N(&=O=F5R;FUE;G1S(&EN(')E2!O9B!T:&4@1G5N9"!T;R!B=7DL('-E;&P@;W(@;W1H97)W:7-E M('1R86YS9F5R('-E8W5R:71I97,@;W(@8W5R2!A9F9E8W0@=&AE('1R861I;F<@;6%R:V5T(&%N9"!P6QE/3-$)W1E>'0M86QI9VXZ(&QE M9G0[)SX@0F5C875S92!T:&4@1G5N9"!I;G9E'!O6]U2!G;R!D;W=N(&EF('1H92!V86QU92!O9B!T:&4@;&]C86P@8W5R M2!A;F0@=6YP2X@ M/"]P/B`\8G(O/CQP('-T>6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B`\8CY% M;65R9VEN9R!-87)K971S(%)I2P@86YD('!O;&ET:6-A;"!U;F-E6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B`\8CY&;W)E:6=N M($EN=F5S=&UE;G0@4FES:SH\+V(^(#PO<#X@/&)R+SX\<"!S='EL93TS1"=4 M15A4+4%,24=..B!L969T)SX@5&AI6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B!);G9E2P@:6YC;'5D:6YG('1H92!P;W-S M:6)L92!L;W-S(&]F('1H92!E;G1I6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[)SX@5&AE($9U;F0@:7,@86-T:79E M;'D@;6%N86=E9"!A;F0@:71S('-U8V-E2!I;7!L96UE;G0@2!T:&4@:6YV97-T;65N="!A9'9I2!C M875S92!T:&4@1G5N9"!T;R!I;F-U2!W:6QL(&9A;&P@9'5E('1O M(&-H86YG:6YG(&5C;VYO;6EC+"!P;VQI=&EC86PL(')E9W5L871O6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B`\8CY-961I M=6TM4VEZ960@0V]M<&%N>2!2:7-K.CPO8CX@/"]P/B`\8G(O/CQP('-T>6QE M/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B!3=&]C:W,@;V8@;65D:75M+7-I>F5D M(&-O;7!A;FEE6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B`\8CY3:&%R M96AO;&1E2!I;7!A8W0@'1=/"]T9#X-"B`@("`@("`@/'1D(&-L87-S M/3-$=&@^3PO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^02!S:&%R96AO;&1E2!B>2!I;G9E M'0@0FQO8VM=/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&@^6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[)SX@ M0F5C875S92!T:&4@1G5N9"!H87,@;&5S'!E;G-EF%T:6]N(&EN=&\@=&AE($9U;F0N(#PO M<#X\'1=/"]T9#X-"B`@("`@("`@/'1D(&-L M87-S/3-$=&@^'!E;G-E M3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\Q M-3(R9C8Q9E\R-#8U7S0R-F5?8CAE,5\R9#`P,3AC,3`V-6,-"D-O;G1E;G0M M3&]C871I;VXZ(&9I;&4Z+R\O0SHO,34R,F8V,69?,C0V-5\T,C9E7V(X93%? M,F0P,#$X8S$P-C5C+U=O'0O:'1M;#L@8VAA6QE/3-$)W1E>'0M86QI M9VXZ(&QE9G0[)SX@5&AE(&EN=F5S=&UE;G0@;V)J96-T:79E(&]F($)"2"!' M;&]B86P@0V]R92!396QE8W0@*'1H92`F(S@R,C`[1G5N9"8C.#(R,3LI(&ES M('1O('!R;W9I9&4@:6YV97-T;W)S('=I=&@@;&]N9RUT97)M(&=R;W=T:"!O M9B!C87!I=&%L+B`\+W`^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R M/@T*("`@("`@/'1R(&-L87-S/3-$'0^1D5%4R!!3D0@15A014Y315,@3T8@5$A%($953D0\6]U(&UA>2!P87D@:68@>6]U(&)U>2!A M;F0@:&]L9"!T:&4@1G5N9"8C.#(Q-SMS(%)E=&%I;"!#;&%S'1R86]R9&EN87)Y(&5X M<&5N&-L=7-I;VYS+"!T;W1A;"!O<&5R871I;F<@97AP M96YS97,@9F]R(%)E=&%I;"!#;&%S2!F&-H86YG92!&964\+W1D/@T*("`@("`@ M("`@("`@("`\=&0@86QI9VX],T1R:6=H="!C;&%S'0^06YN=6%L($9U;F0@3W!E'!E M;G-E6]U'!E;G-E'!E;G-E'0^/'`@65A6]U(&EN=F5S="`D,3`L,#`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`\8CY.;VXM1&EV97)S:69I8V%T:6]N(%)I6QE/3-$ M)U1%6%0M04Q)1TXZ(&QE9G0G/B!4:&ES(&ES('1H92!R:7-K('1H870@87-S M970@86QL;V-A=&EO;B!D96-I2!L87)G92!R M961E;7!T:6]N2!A;B!I;G9E2!C;&EE;G1S(&UA:V4@=7`@82!L87)G92!P97)C M96YT86=E(&]F('1H92!&=6YD)B,X,C$W.W,@2!A M9'9E65A3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\Q-3(R9C8Q9E\R-#8U M7S0R-F5?8CAE,5\R9#`P,3AC,3`V-6,-"D-O;G1E;G0M3&]C871I;VXZ(&9I M;&4Z+R\O0SHO,34R,F8V,69?,C0V-5\T,C9E7V(X93%?,F0P,#$X8S$P-C5C M+U=O'0O M:'1M;#L@8VAA6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[)SX@5&AE(&EN=F5S=&UE M;G0@;V)J96-T:79E(&]F($)"2"!';&]B86P@0V]R92!396QE8W0@*'1H92`F M(S@R,C`[1G5N9"8C.#(R,3LI(&ES('1O('!R;W9I9&4@:6YV97-T;W)S('=I M=&@@;&]N9RUT97)M(&=R;W=T:"!O9B!C87!I=&%L+B`\+W`^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'!E;G-E(%M(96%D:6YG73PO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0@0FQO8VM=/"]T9#X-"B`@("`@("`@ M/'1D(&-L87-S/3-$=&@^'1";&]C:SPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'`@'!E;G-E&-L=61I;F<@:6YT97)E&5S+"!B2!E>'!E;G-E6%B;&4@<'5R'!E8W1E9"!T;R!B92`Q+C4P)2X@5&AE($5X<&5N&EM=6T@4V%L97,@0VAA&-H86YG92!&964\+W1D/@T*("`@("`@("`\=&0@8VQA&-H86YG949E94]V97)2961E;7!T:6]N/"]T9#X-"B`@("`@("`@/'1D(&%L M:6=N/3-$'1=/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&@^6]U('!A>2!E86-H('EE87(@87,@82!P97)C96YT86=E M(&]F('1H92!V86QU92!O9B!Y;W5R(&EN=F5S=&UE;G0I/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'!E;G-E'!E;G-E'!E;G-E(%)E:6UB=7)S96UE;G0\ M+W1D/@T*("`@("`@("`\=&0@8VQA'!E;G-E'0^,C`Q-"TP-"TP,3QS<&%N/CPO'0^4&]R=&9O M;&EO(%1U'0@0FQO8VM=/"]T9#X-"B`@("`@("`@ M/'1D(&-L87-S/3-$=&@^6QE/3-$)W1E M>'0M86QI9VXZ(&QE9G0[)SX@5&AE($9U;F0@<&%Y2!I;F1I8V%T92!H:6=H97(@=')A;G-A8W1I;VX@8V]S=',@86YD M(&UA>2!R97-U;'0@:6X@:&EG:&5R('1A>&5S('=H96X@1G5N9"!S:&%R97,@ M87)E(&AE;&0@:6X@82!T87AA8FQE(&%C8V]U;G0N(%1H97-E(&-O'!E;G-E'!E;G-E($5X86UP;&4@6TAE861I;F==/"]T9#X-"B`@("`@ M("`@/'1D(&-L87-S/3-$=&@^'!E;G-E($5X86UP;&4@3F%R&%M<&QE3F%R&%M<&QE(&)Y+"!996%R+"!#87!T:6]N(%M4 M97AT73PO=&0^#0H@("`@("`@(#QT9"!C;&%S&%M<&QE0GE996%R0V%P=&EO;CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^5&AE(&5X86UP;&4@87-S=6UE6]U65A2!B92!H:6=H97(@;W(@;&]W97(L(&)A&%M<&QE+"!W:71H(%)E9&5M<'1I M;VXL(#$@665A&%M<&QE665A&%M<&QE+"!W:71H(%)E9&5M<'1I;VXL(#,@665A'!E;G-E17AA;7!L95EE87(P M,SPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^4%))3D-)4$%,($E. M5D535$U%3E0@4U12051%1TE%4SQS<&%N/CPO2!I;B!P=6)L:6-L>2!T2!5+E,N M(&%N9"!N;VXM52Y3+B!F:7)M2!O9B!T:&5I2!O9B!T:&5I2!C;W5N=')Y M+"!I;F-L=61I;F<@96UE2!S96-U2!S=')A=&5G>2!B;&5N9',@87-P96-T6QE/3-$)W1E>'0M86QI9VXZ M(&QE9G0[)SX@5&AE($9U;F0@=VEL;"!N;W0@8F4@2!P87)T:6-U;&%R(&-O M=6YTF5D+"!H879E(&$@;6%J;W)I='D@;V8@=&AE:7(@ M87-S971S+"!O2`S,"TT,"!D:69F97)E;G0@8V]M<&%N:65S('1H870@ M;65E="!I=',@9&5M86YD:6YG(&EN=F5S=&UE;G0@8W)I=&5R:6$N(%=H:6QE M('1H92!&=6YD(&UA>2!I;G9E2!S:7IE+"!T:&4@1G5N9"!W:6QL('!R:6UA2!I;G9E2!A;F0@;W=N)B,X,C(Q.R!A<'!R;V%C:"X@5&AE($9U;F0@=VEL M;"!N;W0@'0@0FQO8VM=/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&@^'1";&]C:SPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'`@2!L:6ME;'D@=&\@861V97)S M96QY(&%F9F5C="!A;B!I;G9E2!B>2!I;G9E2!I;7!A8W0@=&AE(&%B:6QI='D@;V8@=&AE($9U M;F0@=&\@8G5Y+"!S96QL(&]R(&]T:&5R=VES92!T2!A9'9E2!C875S92!T:&4@1G5N9"!T;R!D96-L:6YE(&EN('9A M;'5E+B`\+W`^(#QB2!%>&-H86YG92!2871E(%)I2!O9B!T:&4@;F]N M+54N4RX@;6%R:V5T2!E>&-H M86YG92!R871E2!V;VQA=&EL92!A;F0@8V%N(&-H86YG M92!Q=6EC:VQY(&%N9"!U;G!R961I8W1A8FQY+B`\+W`^(#QB2!A2!V;VQA=&EL M92X@/"]P/B`\8G(O/CQP('-T>6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[)SX@ M/&(^17%U:71Y(%-E8W5R:71I97,@4FES:SH\+V(^(#PO<#X@/&)R+SX\<"!S M='EL93TS1"=T97AT+6%L:6=N.B!L969T.R<^($5Q=6ET>2!R:7-K(&ES('1H M92!R:7-K('1H870@<')I8V5S(&]F(&5Q=6ET>2!S96-U6QE M/3-$)W1E>'0M86QI9VXZ(&QE9G0[)SX@/&(^1F]R96EG;B!);G9E6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[ M)SX@/&(^26YV97-T;65N="!2:7-K.CPO8CX@/"]P/B`\8G(O/CQP('-T>6QE M/3-$)W1E>'0M86QI9VXZ(&QE9G0[)SX@26YV97-T;W)S(&EN('1H92!&=6YD M(&-O=6QD(&QO2!M86YA M9V5D(&%N9"!I=',@71I8V%L(&%B:6QI=&EE2!O=&AE6QE/3-$)U1%6%0M04Q)1TXZ(&QE M9G0G/B`\8CY-87)K970@4FES:SH\+V(^(#PO<#X@/&)R+SX\<"!S='EL93TS M1"=415A4+4%,24=..B!L969T)SX@5&AI2!O28C.#(Q-SMS(&]R(&ES M6QE/3-$)U1%6%0M04Q)1TXZ(&QE9G0G/B!!(&YO M;BUD:79E2!B92!S=6)J96-T('1O(&=R96%T97(@ M2!O2!C M875S92!G2!;5&5X=%T\+W1D/@T*("`@("`@("`\=&0@8VQA2!L;W-E(&UO;F5Y(&)Y(&EN=F5S=&EN9R!I M;B!T:&4@1G5N9"X\'0^($$@;F]N+61I=F5R'0@0FQO M8VM=/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&@^6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[)SX@0F5C875S M92!T:&4@1G5N9"!H87,@;&5S'!E;G-EF%T:6]N(&EN=&\@=&AE($9U;F0N(#PO<#X\'1=/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$ M=&@^'!E;G-E3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\Q-3(R9C8Q M9E\R-#8U7S0R-F5?8CAE,5\R9#`P,3AC,3`V-6,-"D-O;G1E;G0M3&]C871I M;VXZ(&9I;&4Z+R\O0SHO,34R,F8V,69?,C0V-5\T,C9E7V(X93%?,F0P,#$X M8S$P-C5C+U=O'0O:'1M;#L@8VAA7!E.B!T97AT+VAT M;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\>&UL('AM;&YS.F\],T0B=7)N M.G-C:&5M87,M;6EC&UL/@T*+2TM+2TM/5].97AT4&%R=%\Q-3(R D9C8Q9E\R-#8U7S0R-F5?8CAE,5\R9#`P,3AC,3`V-6,M+0T* ` end XML 11 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
BBH Global Core Select Class N Shares | BBH Global Core Select | Class N Shares
BBH Global Core Select
INVESTMENT OBJECTIVE

The investment objective of BBH Global Core Select (the “Fund”) is to provide investors with long-term growth of capital.

FEES AND EXPENSES OF THE FUND

The table below describes the fees and expenses that you may pay if you buy and hold the Fund’s Class N shares.


The investment adviser has contractually agreed to limit the Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions, other expenditures that are capitalized in accordance with generally accepted accounting principles, and other extraordinary expenses not incurred in the ordinary course of the Fund’s business) to 1.25% through April 1, 2014 (the “Expense Limitation Agreement”). The Expense Limitation Agreement may only be terminated during its term with approval of the Fund’s Board of Trustees (the “Board”).

Shareholder Fees (Fees paid directly from your investment)
Shareholder Fees
BBH Global Core Select Class N Shares
BBH Global Core Select
Class N Shares
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) none
Maximum Deferred Sales Charge (Load) none
Maximum Sales Charge (Load) Imposed on Reinvested Dividends none
Redemption Fee on shares held less than 30 days after purchase (as a percentage of amount redeemed, if applicable) 2.00%
Exchange Fee none
Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses
BBH Global Core Select Class N Shares
BBH Global Core Select
Class N Shares
Management Fees 0.95%
Distribution (12b-1) Fees none
Other Expenses [1] 0.31%
Total Annual Fund Operating Expenses 1.26%
Less Fee Waiver/Expense Reimbursement (0.01%)
Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement 1.25%
[1] Other Expenses are based on estimated amounts for the current fiscal year.
EXAMPLE

This example is intended to help you compare the cost of investing in the Fund’s Class N shares to the cost of investing in other mutual funds. This example gives effect to the contractual expense reimbursement for 1 year and the first year of the 3 year calculation.

The example assumes that you invest $10,000 in the Fund's Class N shares for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the operating expenses of the Fund's Class N shares remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example (USD $)
1 Year
3 Years
BBH Global Core Select Class N Shares BBH Global Core Select Class N Shares
127 398
Portfolio Turnover

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example above, affect the Fund’s performance.

PRINCIPAL INVESTMENT STRATEGIES

The Fund will invest primarily in publicly traded equity securities of companies that are located anywhere in the world, including in the United States. The Fund will invest in equities issued by U.S. and non-U.S. firms both directly and in the form of depository receipts representing an interest in these securities. The Fund may invest in companies that are organized, have a majority of their assets, or generate the majority of their operating income in any country, including emerging markets countries, but the Fund intends to invest primarily in the equity securities of companies in countries with developed economies. The Fund’s equity strategy blends aspects of growth and value investing.


The Fund will not be required to allocate its investments among any particular countries or in set percentages. Under normal circumstances, however, the Fund will invest in at least three different countries, and invest at least 40% of its net assets in securities of non-U.S. companies. For these purposes, “non-U.S. companies” are firms that are organized, have a majority of their assets, or generate the majority of their revenues and/or operating income outside the United States. The Fund also seeks to invest in approximately 30-40 different companies that meet its demanding investment criteria. While the Fund may invest in equity securities of companies of any size, the Fund will primarily invest in large and mid-capitalized companies with market capitalizations greater than $3 billion.


The Fund buys and sells securities denominated in currencies other than the U.S. dollar. Interest, dividends and sale proceeds on such securities are received in currencies other than the U.S. dollar. The Fund may enter into foreign currency exchange transactions from time to time to convert to and from different foreign currencies and to convert foreign currencies to and from the U.S. dollar. The Fund may purchase currency forwards for the purpose of hedging the value of securities purchased or intended to be purchased. However, the Fund will have no obligation to hedge against any risks and there can be no assurance that hedging transactions, if undertaken, will be effective.


The investment adviser will generally select companies based on their long-term investment potential and follows a “buy and own” approach. The Fund will not seek to trade in and out of stocks for small gains. While not a determining factor, the investment adviser may consider tax implications when deciding whether or not to sell a particular investment.

PRINCIPAL RISKS OF THE FUND

The principal risks of investing in the Fund and the circumstances reasonably likely to adversely affect an investment are listed in alphabetical order and described below. The share price of the Fund changes daily, based on market conditions and other factors. A shareholder may lose money by investing in the Fund. There can be no assurance that the Fund will achieve its investment objective.


Capital Controls Risk:


Capital controls imposed by foreign governments in response to economic or political events may impact the ability of the Fund to buy, sell or otherwise transfer securities or currency. This may adversely affect the trading market and price for shares of the Fund, and may cause the Fund to decline in value.


Currency Exchange Rate Risk:


Because the Fund invests in securities denominated in, or providing exposure to, non-U.S. currencies and the Fund’s NAV is determined on the basis of U.S. dollars, the U.S. dollar value of your investment in the Fund may go down if the value of the local currency of the non-U.S. markets in which the Fund invests depreciates against the U.S. dollar. Currency exchange rates can be very volatile and can change quickly and unpredictably.


Emerging Markets Risk:


Emerging markets involve risks greater than those generally associated with investing in more developed foreign markets. These less developed markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile.


Equity Securities Risk:


Equity risk is the risk that prices of equity securities rise and fall daily due to factors affecting individual companies, particular industries or the equity market as a whole.


Foreign Investment Risk:


This is the risk associated with adverse political, social and economic developments abroad, different kinds and levels of market and issuer regulations, and the different characteristics of overseas economies and markets.


Investment Risk:


Investors in the Fund could lose money, including the possible loss of the entire principal amount of an investment, over short or even long periods of time.


Management Risk:


The Fund is actively managed and its success depends upon the investment skills and analytical abilities of the investment adviser to develop and effectively implement strategies that achieve the Fund’s investment objective. Subjective decisions made by the investment adviser may cause the Fund to incur losses or to miss profit opportunities on which it may otherwise have capitalized.


Market Risk:


This is the risk that the price of a security will fall due to changing economic, political, regulatory or market conditions, or due to a company’s or issuer’s individual situation.


Medium-Sized Company Risk:


Stocks of medium-sized companies tend to be more volatile and less liquid than stocks of large companies and may trade at prices that reflect incomplete or inaccurate information.


Non-Diversification Risk:


A non-diversified fund may be subject to greater risk than a diversified fund because changes in the financial condition of individual issuers, as well as political, regulatory or economic occurrences affecting such issuers may cause greater fluctuation in the value of a non-diversified fund’s shares.


Shareholder Concentration Risk:


This is the risk that asset allocation decisions, particularly large redemptions, made by an investment adviser whose discretionary clients make up a large percentage of the Fund’s shareholders may adversely impact remaining Fund shareholders.

FUND PERFORMANCE

Because the Fund has less than a full calendar year of investment operations, no performance information is presented for the Fund at this time. The Fund is a successor to a private fund of the same name (the “Predecessor Fund”), which also has less than a full calendar year of investment operations. In the future, performance information will be presented in this section of this Prospectus and will include the performance of the Predecessor Fund, adjusted to reflect the Fund’s current fees and expenses, for periods prior to its reorganization into the Fund.

ZIP 12 0000891092-13-003486-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0000891092-13-003486-xbrl.zip M4$L#!!0````(`(MUDT(1RY"\5QD``.ZT```0`!P`8F)H+3(P,3,P,S(X+GAM M;%54"0`#AI!Q48:0<5%U>`L``00E#@``!#D!``#L/6ESVT:RWU_5^P^SVDTJ M>2N*I`[+DFU6Z:!LQ;HB4K:S6ULJ$!B28^'R`!#%?-C?_KI[!L"`!"DI)&7: M5BJQ)6`PT_=T]W1/7O^M4F%ON<^E%7.'=89,'/P2>[^R"CL(O+!E"W;LQ_#6 MCL4MAV?^+9?P.[SOQW&X6ZT.!H,U&X9&MI`\"A)I\P@?L$JEP?"?__V?U[C( M@>2XQ"[[".OLA9+5MUG]Q6[MQ>[F-KMJ'[#U6GU#?01?W'6DR^X\UX_>K!@+ MX>.U0/:JZ[7:1E7X46SY-E]1(W?QK7C$>(?GHVEDQ.VU7G!;A1?P17V]4JM7 M-NKF],[(%WKN%U7U,AWJ"O]F"B#XNF-%.>#NE,&?3F!T.C*)*O$PY%$1BB2J MIB_PFYTBW"(*-M?KV],(HT:D'W0Z_6PP_!S+)(J1I4B3C=K&^LMTH.9[-KA, M#M*Q4I;36LHR4H\1<+!!X-9W=G:J]#8;&I6-`[3JU4^G)RV[SSVKDG&^00+) MV&N<8C>BMY>\RVC*7:3@FY5(>*&+O*%G?-S?6=S>W7U?RSAC%_-5\@?11R*0*GL"200,:'H(0-(GB]!@1_7[*@'*R;""Z8QTH_W/'C3 MR)[`,Z7VN_PN=(4M8@47]9;I,(F`,T2OXI*SYF/2EW+V00A8!8$A%&A%Z^ M[BB7)ZZ;,:::<>:[48A+'EO"U9Q_F%9LUWXLK9A(HN]?-5)6?U^JD?A"Z468 M2%Z08H];$3QKD(.WBZ]?5]-G^7SXO;$K9],EL%TWQB?33L_N5>NP.%OY=.0, M=(,@]H.8HTM6\!D`#T"8.ZG7(`.73W&X\#5Y@2LY8^@[-[`+\\+O5AS(=%K7 MZG#P%:_/XSZ7S;L0)(='Y^"2[T41CZ/*W+?8:^)%P17Z^U.O7C5%H<"&`JE2 MK_,Q+$@G&J%O-_;CZQIYF/#([P%__Q\"B* MLKP@\>.(@5UC\`&S$RE!ZUA71+;ELB&WY-KK:@&31CF">[(H#I:T4U#AQWLP MU".J70C>*J.8=F7@?35!BH.W M>*>Z_OD3']R>.=6K?K2W^>[#W5'K]T[S^$OMY.UIZR3^Y]VYXUC11>RUV_\\ MJ5]Y[K^N+.OJR\:@]GGK/(X]]^;DYN/[^M;%Z>5.W7ZQT]D\.MD_/_J]?WOE M7`76Y^3S^R\#*^IW]YKM#\D_C[:V^N?O7EB]X\Z+MU7'#6M7WE'0.K_HWVZ? MRUYR6@__X-7M?[U\_[G[]K?PY*@Y['S^O?GRZK=@_^["W0XW+Y/CFWWN[W]\ M__[%RRM[0[Y?__)[[:#]Y_O>R?&=__;0^BCCN_Y1]V#O,&R^^0\[:%WJ%,2W MHEGSDLNIZC5B>'`GRW9@='B4KW/)>R**I>7'9Y8'%DQMU9?#\OE,-WCBI[DC8H)_04Y/4_E"Y;.;3M/$3\MGIYP: M^LW3)M^HU#8JZR^+DYM?-DIF;G:[G%)^CY^Z\&D.=\&Y?=BL8Y\TC,DN170# M"I-(_QVW'.&/R,+\M]BYT?L?:[)CNZ.CO,2&<0S83PS)+2 M0D%J`WS[L/W?+!K8G]WX5`C6_^OIS M+W[%VN#9A5+XM@A!)"0`'+&@RX1_BYX@4%;XY/T=)3ZXA/`?N8)"@I:H9&3$ M0`FCP+S7@!RX".FB#7(2A0"#SB*"(?O`D_8P'$6!JY0[`<2X5CD`4P'#"(R6AT! M`X8%CL,4G018#5*&4J-X.A`X.3`AZF)JB$/4`A.#7,``%<'80V2<4$N,B2G. M'BN#DXH.RHN2-PR%2%`B$Y!5&H&SV5:"JQL`.MP&1X4CZK>6F\R;R1HAB.64 M^+-+W)+^*JO1*%4L%]BFEGQEK+G/1Y!3(DQ,-:CL<&2I;RG%7B76RN!6$#WY M'8@'>'A`F%50%PA&UUIK*5?PZ]2^X`(_6U[XZN\OU^O;KR)VMO>!"9P]YA*F M5YJ-(T'-!3&#IG("U[5DM$JOC">*]CAL",&UJ7VF=4,.]H!EP0!,E6)O]AW^ M@J&;FPE1^C3#0TD+$630%W9_G%0.#R6W!1`'4.U9>)PS"ND:RWC*4YY*^D!; M&1#7(;L-7-A27$X$PQ=ZY)=$V#PF)BPD(-HK'MT_NLB^E$4$)G1\L;]HO7VT.MQP,JX M00@#4CNEER&;#I.Y/(J,42D0F@E10D8;%3P%A%9T5S.CM@JFKI>X&.L/E8'( M35P".X2$(,F/4Z'7\X+^2>ZA-4HY/&?&@8"`$6WE^KH(SJE%D$^HLRC@]#-M MB61'26&Y&F;8#HFF&ZD!D8^K]G'F)+15Z(U:&VG%24>`64EH^X%]PH<95EEH M22!Q@BH/`R"HD]KT(Q1ZQ=2JPVR@J,&\:7RD!>HX-S(+(#)M8"9U1V5>;VRY MU*UJ$24*9UNO%G&U/UL=&5BPG3D"R$RYOAN@HI)0%P<2XXQ=48"_`[*O)1V= MJ]7,AN>3@''"R@L(!$$);9HC(."`!1H0K0:9$LZ3(8MEA)H=9=/<2NP@<1W# MAUR%M[:;T"Z(@V`?C$3'Q3TERGP)/-*0IC>N,K#XNN`\KQ+YP!$)9(RRC1X3 M3`13J\,)-:'PYBS8IY9O]?A,=)SF8+2SW1)D@1QB%W45UU2!!_K-46+;RC*' M'"4S";4?8&SIT0UXVTJ>X&MWJ&RN0]G(HN6NO6E?DNYG]]*TI_1/Q01126>Y7!TG"?`5NY>@J2`/X-" MI,UX'2YO]RW;C&,(6]>_,F=>0L.&8RG ML()9V)7%AU:ZPPQ5%*;V%K6KD-=$CFFV:1OF,M^_D;)C823YMGHB2^]!PP+S MX;TRD",BD6UX?8E7:2$GJ?X-`%L$]5MQ8*ML@:=6C&C%;#MF M>)A(41I77E?!;24/RQ6P)SO*BXNRZ6#[[G%CGC2\PK@,/LZ\".*VY%W,EJ`J M!*BD$/\@X7W+!K9C-"3RD_GYTOD,//]#@3N9Z(+(X`*+(/,>A1A.NA#ZK&FT M4NZ*IIK@@UR.?=;1<5R:+M&[5A<(YI-[D$FX2@-EPJI$&3?XB`TPXH:_)VI+ M'MK;.E[BIO,&9KR?3FA8MA2!KIO86C-2^+)`S"JE1D'#5(0^7UZWC/3000#H M8-9\41PO-VL6GKPP,%^!EK5L[S#]7DS"D?I`\,>]4)NJ=',92<+IO65`\9,C M(EMR_,`")MJNT'F8&P[;+-!=30LN!B(/N[*9`AFGOZ+5:))%9W0@R('H!R6! M-C+S`Y-M66IU/(=:R,CCD!-`X932=0O.KOZU5&&&2@;G&`9GJ'B96+=B*TZB MQ2/S;%ONMRW@K1MF)9?*$H891R9X[@/>5Q?P"-J)]-%I?ZKCBG1=EBZLCJ$F M@',/T,M[<$'6([2&D3#)5? M@1.J0CUSD(7"X(IP&S5 M3)F/;0(P#;E=H)UC)GVRA!6,HBX[>"*=.6HV6VSO[)`U/UTTSUK-\4.^(CR- M43B7X:#OO@`[)@&AT[3L=$WY&5VN'>V,[>1T#(.$)#)$^:7T.:H.#<0=L)SW MA`\[>[0C=A_T):Y+WU)[)":8$I7\!4O/*>QPA2>4=+8#/*;:4V)."G2>B7E6 M!O<+OTM3-`*;A6"I5:5XJZPC@QOX0$4EN351IXA$,=C7$IGE!&0AG"8=`Z64 M#IT-4G[.R%;;-@^IX$[I+0*@!;JNE!H1Z%G$8401RQ3Q,5NKA1GEIWPDN\@\2C[.$GA-RCH"Y% M^)##")"U;PG=A\#<&$74'.Q?41)^+E#[XNOA5`>%TC/`7(HBRG)^9+AHO!NXD0CBIEFI:'@4:) MYM?'8V=+RV`Y@*9LF=('PMCB\A84LK[>J2\;4IHY#P6XR*L)U;34W_'D1>Q? MG918*CJ9*(WQ2&"9!*&^_L+T%0J`IV"#*'RT,$-P#MHKO`YZ8J@'RX)&A01: M<>%^6`NQV1F/EY(IRN240F=4CAK97%37-D9%3Q:U_9=-:TI7'3W8\.TD+A\! M=!TG`_C;D\!&CF__B-S_L$, M+9BI^ZT:%N2?=]LZ[%2IN(4*!$;3E1K\^U"[.P9AOL&,D>+`"I\"A_LR*C9\D3:K2_%7Y"1.0;4STL,[X`$'FXL<(("4@7B@CMKP')V5U2:AXY=U!8RDT M,^N&&30ZK`YTI7R-+&).[_`3.#SYY%1GB-P],%1K65 M1GU]NP0#!5;9<9LY8.,KPKVQ\W(2W!M3X/X(%B=/E2VOKU^$NHU'P=0[A8[^ MQH_LZ#^2)_)ZV>3`>1<`9P^]5-H[]HUY;A0^+AE*5E8S8R-0= MQ/KMK)X[K1S(.C!]*N_B'I:#90YS6A00ZVIR1]DWK$[2$ZG#N`Q8-PK&("YT M1_7)4=_Z"5;#<@;3@RB1=#!%@Q?.`2Z/),Z9*!\)%E;RI2=37`RK&[_!=5B)@!5$9<:-5I??PR7N, M#=>SU;[<:S??'C=;RDDN@E0.[S(X'`\IW*%Z;*T@RAI@QP_(1)AT7&&[NN#7 M*6D50@\R+S-.C]RI,I*49#B@SEPM7X-`NH[9@J&?7\'F!L.QN`&Y,'.]2UH&O@P'8CU`X'91!4R@:#N`AC MU(00J,W5R3]5:*KJ`_TM"':.N0&E*BE*@2PA1R![\.1/#JA3@;\%GWP.9-Y& M*Z0J*E6U[#U]?RK!.SXR5W*JM.:J<(@*#,`)*W2X\-'>/36&.K0ZB=$7K5S- M2'4RC,N!T;0UB?>$N9Y<11MYTU[66Y03K>"=IE-KM6&PMU"W$VUHM(Z.5Y"/ M*C>1N:QSJ2XN"AR6<730?P6PI'*_=;'O:,]XA,D#DI6AV?&6$T)5;&&Y<)YD M`2I<^1B;^^A&N,4>?I`0L*BW:%/C"5H`0N5RBSI6)2^T=^7,M;)FUWSX9NTG M\J4553U:!$08(DCC`50.&D[N'W4>H6M@./B:%&# MK*?9'FLE-TI.(Y6+(S\3PVG]MZWNQB;K@ZVX."87O)&9LY[]_+N2$>94TW$` M-0=`(YY##M,-+.GD?K&V!"B/$$CUTH;*+'5L4#6=S5'V,,]J='C^;HV]*[=\ M9"'\@`7@B_34R0`E1!R4:]V\CQJA^M&U7S[M-I`,7(,'JUA4F:!9CJT;[J^J MI;$3/.T]G)O$E_5]X&)Y(6*DDGVY@IKNM9!&'L^8*PQB]%QT7W$7N!H,,&@P M['1:,!H,_(*!1A,'`<6HXX7[(%I$DDKJ^")/PT%[2AQ6?6)T%X>'\0\Q([5N M^+65712!]%:]XZM3&RN!%<)1==;4ZJG;N73)->8ER*K";[&.0'"=.%!WCUC% MOO-TB;$DTF0'/<]N[D,P`MYWO.<[%WD)-06^3U4(?75VR"Z:ET?GEZ=[9P:8,Q+O8FZRZ6;`(=M"WU#X&Z:-C03Z&K?)VT&K3<* MW\W60\RL:C=?W3IAW*J$/A5FT*EEN]`'G38\J]9>"[?:6_1(5*E^-XN>F8]_ MC*;I+S!)H#\?3=EG#0'H@,R`,^YZ*L))L`!Z=2+^J67+B4`>OJ!]-^T)HM_S MG!*IO?9#,;A0;#)7T#08Q11<4>=S0M=+`=W2%M'2''5V[C9:`+]*7$I3,$!Y MQ01!$9MV)=,^(IV/5K="C78[3%.&"5IS[E.F\UR>(%<6?=7:DJG`*-4*Q,@M MY5^^.F^F6\F?^OZ\&8%]>SG_2_1F`NFKW*0W$\2/[U-YOD_OV[I/;QH_YW^A MWK35GF_46^"->@]C\_.5>L]7ZLWW2KT'R=W<[M2;MMKSI7J/O%3O8:R;VZUZ M4WGW_5ZK]R`JS_%>O7NKH9XOUGL02Q;,BN_C:KT'4?+Y;KWGN_6>[]9[OEOO M^6Z]Y[OUEN_^J^>[]7ZTN_5FNEEOIFSK4EZO-]O_Q_39R,S]DKUY7;`WVU'& MU[UE[XD/-9[OVOL>[]J;\;*]F63P*]ZX]\2Z\S37[BFD=)_%\]U[\[A[;^'W M[JE4BFX%!VZ3H(3P:6+YN@@3I,!%5\`)PK@-B13` M)\V!F#A;8L3P4*]$&`M'C<@F_,".LYK,^MI6[:?G^P)GND!O%L/VK5X:N%B< MOXF;`Q=+@B6]/G">2"_%'8(+XN+7N4APWL@LSVV"\\9,7UJV'%<*SOY_[UX. MHGZ%RP7GC$)]J_[U;ABVM/=-3A3O#KCA8,O%G`;Q41\GOI* MBI1*2WKKX)/Q_9ZK![=_>!E8NOL'9Q*-9;J$<+;CHA_B)L*92/2-7T"$`0!@/H2!;J:>$83F!M9>7XGF=#@8HD)"%^&_`7 MCN3"(\U*@R84KIC7"!3R"(6DA59A"D6/1C&K,%:PK@@L_.P5\G.%3`G6:1;V MK;19R#?X;K@%%TO#A6+IPI->./X^5U`C#$G[/],=&H$/!],0:]0;M$-IAIG9(@_&,Q<$K>3@U^[*MU_H=4$L#!!0````( M`(MUDT(P1Z2\V@,``/@3```4`!P`8F)H+3(P,3,P,S(X7V-A;"YX;6Q55`D` M`X:0<5&&D'%1=7@+``$$)0X```0Y`0``U5AK4^)(%/V^5?L?>MDO.V7%/'@) M!58A`H.`42"@,S6UU>DT))AT0G>'A[]^DQ`<43.`XH[R`4CG]CFWS[GIW*3T MER"`!B:80HX-H"^!5?V'.U^``*JNX_60!9J$!V<1MV8X&",S3(/CX+S)N5<4 MQ?E\?HR"4(8LBIGK4X19.``$X12$GS__*(4D58I#BB(8!CP5CP(Y#^1<4
3T:E(PP[;(G0X9!@O')JR<>D2VT*E][-*QJ$A26EP'IE:1Q44X ML!$_3T?1BDP@)7%FTZ[ATSL0,$BC$."0@)F%5DTV'81Y)9+ M=L@+)$:$1\(Z3`B'!%D1TO+Q@AFITY5R`)2H:^,N'H$H]2)?>KB<8I;CV6%& MT9A)\>@ADXB#870\=F)@PS,XAARD0 MDFG=9B):>%Y\>:[X,V4$;>3;D4+M(,&-U/&"8V)@8YU\B/@:NG5MA=\EVT4; M)';HCTO7'#;4L5U.4?KO&D(-JKC"&.;L+2*^#/A3B'TRZT`"Q]C!A-?Q`?-+ MA`VRC%-\Y%:%;F8+*5KS!W\WK'I>SW&$R'S'B=`$BV-G/7]$76>+!=S=HH1+ M#4S+*2D%YM@:F[RIC.+(1E19E/ M%O(M9:+UE\S.S]"]9%_P@JA,;O!\=FF(FLDJF:^#1;UWK=>:4ZG=Z/3:_&BA M&@9D5]SI]X_:LN;8WS0(M6EZ+DVR*N>.?=>^&[;D[%6G6Y!1KJ!GZNTSM7YM MSC1#<^'$G[2F<\C,4:76'_A']6S65+_FX+BIYQJB87N2YM3=GGIESO(J'?L= MV;O%8O[;26LR:EQX[7IMJ4^N:R?:A7NVN++S7J;K-^_.,#D;MEJY$PVE,ZAY MWB=3V52:O4G![%K8/;J\5X@Q&`\&M^4?H-KKQGWCOA5905,_Z$"-ND^,L.B# MO>K@];D;QP?>*784*:[?MS/[% M'W@YA,$#&E5I%UN.[E,6=5`'DWT'@M_64>ZB_RX")?0O^WH1/C>[),"6W^5GIX(Q5%_0=02P,$%`````@`BW630D'7LQ,/,```X48# M`!0`'`!B8F@M,C`Q,S`S,CA?9&5F+GAM;%54"0`#AI!Q48:0<5%U>`L``00E M#@``!#D!``#M?6MSV[B2]O>M>O^#-_MEMTYY;,KQ;6KF5/D2)S[C6![+F''L_?4O0`D411+@[4$$S.A\.1E9Z@:>!AK]-(#&3_^^O;WU MGO@DM&/B;(U?M]RS_XQG_[6UO746S)Y&$W?KTH_I7R>Q^TSH9_XS">E_T[\_ MQO'3CSL[W[Y]^V%"OQI-W)!$01).2,0^V-K>_N<6^]__^[>?F)*SD#`5/VY] MIGI.GL(MZW#+.OAQ]^#'MX=;G^[.M@:[UM[\1_07GNM_'=L1V7J9>7[T\YN< MLI=QZ/T0A`\[@]W=O1W^Q3?S;_[XPCY8^?ZWO?3;UO'Q\4[ZU^RKD5OU12K6 MVOG]X]5H\DAF]K;K1['M3YB"R/TQ2C^\"B9V[`9^@W9M";_!_FN;?VV;?;1M M#;;WK!]>(B=K(OV.$V=J\@+V=^9_?),"MK7U4QAXY)9,M](^_AB_/I&?WT3N M[,EC34\_>PS)].TP\XIR>?GCO!6/;.PM",J*?3.(SSXZBZ]&C38U>\^`X)+PB)J$EVK59=E0K: MX9,'T=03WT]L[R+QG>$3F^FN__#NY8GXT5S;H%.S:X7.NX#IP4+RNQ>;_>@N MM/WH*8B(PS3M=6J^7&+:]C5,*_I%V_72`2L= M:HN<>P'RR;1P>KZ+J-*5U3Y2K/( M2TQ\ASB\8>S76A"$I>%I![Q@LM)JCS&_(.2-3C7^_"8,[Y?-.1E',>/+E8BG MN$5D\L-#\+P3AJQO`_K_S"D/MG>M!?W[CVJ!RWG4IF4W81`]T4XFT9T]%@R$ MYLTJ2LMLO6+MDW"U<71T<+V+@=)L)"U^,PV#60W*<5#=V2"DL=[/;W;I]]*A M_>,D\&,Z]A;K!YT>Y(']8_EWCX4F/[^AXV^U=\T`=XA[SX?HI3\-PEF:*>`? MG;RX4;T%J)"Y">@_BC9HHF!EH&"M4NEL"U82C#AFHD;PE&U6L$EGBYPOEC.4 M`<[S"YP:P,MK<1[M%L.M"#_'HA;MEC.`^NY[)YC<4S][/W>T]\S3WL]=[7WJ M:^^O[^?>]N-B_9,&J5TD*C7)ZMHMLL?J8&/P=X(&/QNNR(/MO?-C-W[%^*.B MP)U_ZNM]2IU?X&M)QG^'-6"N`>5O5J0M3?Z]/8U@X'!H5_OSU'B&JD'!_4*Y8VC'7&S!_2Y^8*I?!#E[[C$V6P#(.Q+%4V]K13NDKCU!7<-QM0"\#(& MV*B!.:@SMB\UL/8.CAM[WM)/UN)Y)6.$.]]RW[#X532AB?=M/U#7X7V[#].& MCKA',N8#L1W7?X#E8K@\=5A+QW%M_J.BYPWBV[;X#L=?2'H@!`-O2=R:R%L3 M@,M=KU_2.L-[$[HLLWE'7N)3^NVO*)Q+S$-GND9D$OB. M"N`K).OJ2:1H++!_"_0IBTUBC$*KFV0W9PX)F@ MQK18KK;.1`+%`OH#;+BW/&ER9C_%.1[5)^0K"]75A8@P6(!]B":!2U4I*46- M=+EL37U+#2`+$QQ!74WICAYY.HT9V1-`"*&TE"Y/M9 M215!%(LW8S62L,4!=`=Y5>T9%4AC=37&*`DW9(*40>&6`/+VFR",IX'G!G>T M6<$S`9%(H5A-EP\Q#!QS,7GO#3EJV$L$:YPTD<'!P9=1]]8[&3$KQ?'PBAGH M16G:^I92MSFV$A[>%5HXC9`(UGADR^#@Z,M8>)=36;CS6`;D6U4N MB,('LT"HK@&B"`..MVR7N1/@\-A<(%1GP&5QN'1/N0O@X.B[4J2VZV(U`!QK M(`$]M<.S1SN,3WSGAH3I34)_0E+FBW':#11H>W@8:?1L0=&,^I@OMXN6Q- MS5`#"+>`F'UVG1)P^"6"-0YG9'!P\)%[R%P?UOUHSX1*W>;82EAF5VBA&6"! M4%WC&!$&'&[H!C!7!@\>)8(-<"62.'(/23VY/G`H*12KZ0HJAH&#CCL`K2:( ME$2.F@[UVHA12E#;GP9])J']L*@8.&\89@-6(EAC1R.#@QM`1EC[CGJ5D;M( M@:;.IPDTW"1B7MO7(*KL8$`J00(%O\\EV4/M"SP\\FF@P)"9((F"WN+8;%$K M.!:J%:\K#ZC'A=M"1F[G]0YW5@L>YFI(*JB$**T?WF5[;%4.J(ZA2.JFF&$- MWCI5--Q4#*NH&`:L;+6I&+:I&*9AQ;"POK++IJB5D@HKFZ)6FZ)6!A2U^FB_ MN+-D=I;,$B_E\B/;(Q'+,3Z0X3,)A],I"6DP?1.ZD[[!6CM=:S5*;5#7$K=: M!]/1;N>$J@F)H]YJC32M+8G;RFC-0&M0Z+"KU?**_5OB^L\DBHES[CZ[#B62 MT8E/_TU[X(X3!E^4MBY^+#JWKJ;LKGX]Z9A6QNV!;6T]JBXF7]Y!H6UGRI8? M]+2F3/*:4C7-+"6%1$EAJLFC[3\0M`'$NR1XU!:P6E^2K/:UNDX>N20+ ME#03R^U)XLS/FM5"KC!OMLF<;3)GF\S9)G.VR9QM,F>;S-DF<]8K`^/;#VG@ MP4)M%DB?1!&)^WH'H=CU<.^FP9H8C7H/T1;Y/'^G='Y$PF=W0JS!V():HK&: M=4V"IK9ICI>"QSW2W`IO(,PV(JEK2T`VM840#G@Q=#CF)L(M05J<86J+-)U% MGVV7Y1'#6^+.QDD8I9X0AGP#!7JO#DT0JJ^=WM8NUR2&3X)JF>L[/]W4`@(L M:JNF\\3>6E)^LF?G]][T+:0%RO0)A'8Z,P[O/47'Q"I4[>/QWC<.[_U&)\(0>%M]G_.M M%&D8WM9NDT3<6I)"Y\$D8=1_>1UTE,S8BZ*?_-2LQ#D]_?#>"\:V=Q:$9$0_ MF<3TB[;KI8%$&E)$3;[SIN-)3^$]U=Z/%F_N7+:X#:S#=4L^6"_]]&8R`X1_ MA$DRU2E0N#,#2#O5PH.-YO,J44FH@KSUD^IL[^?> M]IZYV_NYO[V?.]S[U./.F5[4F*%V$KNF[1GQL.,TMAM(^,FQR8%7Y,"!!':3 M`]_DP#7,@1=;<-^``K4=F.K71#*U$R_N-3;O=S<;#.O=8$`>.=ML,'S?#8;# MW=8;#-E/=-]@6/8-OL%0;$(3[]M^H*[#^W8?I@T=<8_<#.[]DE5YNA9'J^BY M@CW=X?@+-;;[#"H26Q*G<8'25J6P-3`@7\"'6F M:T0F@>^H`+Y"LJZ>1(J&DFO[Z>X$]-%YS=\I*7:Y\59,!UQ5/<4L>A)#8[PE MA8QQY=0+M1DP-;T%0G5U(2(,%F#+"JGWA!M:.EHN6U/?4@/(P@32M[_Z5]?` MC'JA6$VA%\.P0%WR"E@'U"654J#3H+D>C(EX]^P(-,@LR-1[\`A`XW,BD;-6I416HKTK6-1"2HL'AEYXP[(>_ MJN!?+-X,2TB8@`5]3JSR$#4D.)))-L,(!30X_E(6W`__SV[\N"R#!PV26B@R MPSIRK+BQ:F\4]_!=P5*]:C\F5Z4IW6@'%[>8F'SCS*7.SXFU&&:\J5T40Q>+-6(UD[]A#=Y!7U8*?WJH1;L@$$;]R M#^3M-T$83P//#>YHLX)G`B*10K&:+A]B&#CF8O+>&W+8BW-BP1HG361P7C$#O2A-6]]2ZC;'5L+#NT(+IQ$2P1J/;!D<''WDH]ZL0;CS M6`;D6U4NB,('LT"HK@&B"`..M_2Y[BZ`PV-S@5"=`9?%X=(]Y2Z` M@Z/O2I':KHO5`'"L@03TU`[9.SKQB>\47]C%..T&"C2-OIM`PT\CX@Z,YU2I M?)7>G$1G#2#<`KA7U[C=X?!+!&L/$H$&^!*)''D'I)Z!8J%:\KCR@'A=N"VG-U>]?(I&_FU&XZL.>RSAXTV5[3/Z<,.;VU*:V M8QO5S$LK*_LLBEJM7DU8U/4ZN]:U.JC_>+.DME9 M,DN\E,N/;(]$+,?X0-C#<\/IE(0TF+X)W4G?8*V=KK4:I3:H:XE;K8/I:+=S M0M6$Q%%OM4::UI;$;66T9J`U>::CH]7RBOU;XOK/)(J)<^X^NPXEDM&)[^3? M`$Y?@$P?HL68LKOZ]:1C6AFW![9*'@I9WD&A;6?*EA_TM*9,\II2-;S-DF<[;)G&TR9YO,V29SMLF<]!QCS2WPAL(LXU(ZMH2D$UM(80#7@P=CKF)<$N0%F>8VB)-9]%GVV5YQ/"6 MN+-Q$D:I)X0AWT"!WJM#$X3J:Z>WM&3H%KF^LY/-[6``(O:JND\L;>6 ME-]JN9J[T/:C)]8\EN\[>M.WD!8HTR<0VNG$[5\HR]?H06L%*;Y-?F^3W]OD M]S;YO4U^;Y/?V^3W-OD]4-7519'7P$MF_K4]ZQN;U0A?%^R-@K8Z8/#/<9>4 M,I6[%M0&"Y$&(<]!:')0#8'W'A[O/>/PWE-T3*Q"U3X>[WWC\-YO="(,@;?5 M]SG?2I&&X6WM-DG$K24I=.Y&K"%)2)870L]);+O>N1W;BP1!='KZX;T7C&WO M+`C)B'@T%$O#B.LTHJC[<[Y;GP21A,B_]]$HR M`X1_A,DNU2E0N"4#R#?5PH,-X_,J4=FG@KSUL^IF M[^=^]IXYVONYI[U/7>W]]9S=18U9:5N):]J-$0\VSEI;0X.?#9ML=T6V&TA5 M-]GN3;9[D^TV/-N-//^TR79_WVSWP7'K;'?V$]VSW^!A59ZN MU:,J>JY@TVLX_D+GB?L,JJ)9$J=Q!<=RU^O=;&=X;T)W9H>OJ)IH8KG:%@F4 M0`$_8YKI&I%)X#LJ@*^0K*LGD:*AY%YSFKZ%OLJM^4,.Q2XWSE5WP%756[6B M-P,TQEM2Z157;[IP>1U3]%@@5%<7(L)@`;:LTG1?N%%'&\1RM1WE$B@6P.,> M\]T47&IMGFZUEG`5J&OUXTKSU.C0U6TU1(CS*NA#O^6Z/Y>S]);`T+])PLFC MO;CRH&!BM=2YMMM23>W7%D-N3^Q1KTUILT[&:U75S,*>%JMI`LX_2C7HOH#) MX>&6`3X2M2DW]YV\9<=*PXRK_%VJ^(!) ME`O%:HJV&`8.N9CB]H<O MI:8F7KU\?5,)#;#A-L&^MIPI'B@VBE"^`4818\.-(J/)/8RRI]@H0OD&&$6, M#3>*E#QO"GEV#7_K*G@";[U0=2>3/Q,W)`Y[^")]T\-WX$9HID/7A;TA0MP\ MTLWJ39'5#J<#*V'&;C#_?4NLUAJA16W5/=S)[[]#;=5:Z.5%5?>09[WKK7QN MQV0XO2/AS/5M0$*PBT:-;=4)0&Y)V59QZWN801A/`\\-[FAC`ZH=TH4ZT2\1K/%4D,'!P4>>-"_INZ4S#8U\*M,DT.<@<+R1^\R+ M->DB"&(_B$D$OK]2(5?;[*P$"HZ\A"5W90/\H-_\:#X-B?WU*:#=8O7=V.D$$(.N M$JR_(2KAX/`CRU*4]'VD6,R2V65ZBI4%QK=DGE8YF;%FH(U2IT[[I$<+Y+C] M%%4,G4_9N]!VYCFPLV`V0J])]4-1!Q\RBXFAW=DJ>01'1,G`;Q MXT<[BBG93+.43N^348U4Z&^<&HBX<9`,G&NF_^_9W6NO5G=MV0)*;%GK(?;FL1C$=0"T9)3F(ZR`^"Z@B;Z&;K:+G";D+BLX`9)_F^C3='^@`'#<@[JS]:H%\:*&E M@DR-`PL!"!QM!5F)E:=E5*"^*EESEU6-!HM!^5:.J`EAB\6980E(-:U_Z M2@EB.F!N^\@DFV&$`AH637_L2$@Y`^B_UX%<7I)>/?>WC=^7_LD]]=4`Z]\S7@83N M]@P?@V6%"M6AI%R5WA2W(5S<7JK8;5Z_NE!3K,4X(U5'H`>X:^>UJM6$HE)% M9I`#.5;<4BJI98QKH'"IET22TV M\JT0;Z@YE@'Q`?0JNEPM.#RN$&^F.?)1L_06>C]SJ#JW+19OACDDA[@/I+OC M_/*^C3S_ON3;7_Z<^_;[I?]81S/O*]77S__8NW??+P]MB8' MQ^.W%U>GPXM?'Y\_.9\"^TORY9<_O]G1X_3DW=UOR3\N]OQU_^?7=T:=_ M!:7\T][ MQ#\8#<>___KKNY__=^ML=+N]W:V$9%N^=6UCVB;:H8DO#I0XJ\!U6-")RIRYQ1K$=)WU/:`K%:KH! M(H:!PXY['(WI2FWZT0Z_DI@=[02@792H,="ESG.,<:^9S>T97_I1$A+GG#Q1 M'T6_^$H_B-TX0;P8TD"#UGZ[%A[^*B!P[SQ=+R`;KGE)F@?9Q4P4GXG+9FIJA!A!N`3%)[&&!2S_]%T/BTO.2*$UQ M1;_9H6N/7<^-7X?3>=O[QM[==.K+@SIBR(V)O:.=:\S03X\9#L,K$@%MMBI6 M_XE4@('#+J:I/2`_<9P4`=N;TX=+WR$O..BKQ>N:ZJK'A=L"NG&<5_MLN]YB MYMT\4E8'-$5)M!$.J@(1;@1LH7*!SL]D/')C-AY"J%.2Z#!A>D@0X@^I0R]$ MYW3?V%%\'J17?.FL=.D/R$5"FPV<*V(5&C/C9A!QZR`I,X_%L9Q$^Q,7I6YS M;(&;J%P'G&U(!&L\QF5P>&LYK\TZ/NY[?+TD3N-UM-QUCB^RHGA!2]_+ M3"5QY@"\O*]T+&.M/0$>8`$>&`3P8/GX]RZ4>!;T]+T!5A)G#L1[.8BAKV$5 M]+S%0OS6((C?YB"6%9`O)^#&'J3MZ#G``OQ@4$0'^0@5D;_ MJ)Y#+,2'!D%\F(,8>@"WH.<("_&101`?Y2!6QO>HGF,LQ,<&07R<@QAZ,S:O M9["[BV1VJ3A#()YW/8,8NFE9T(/D=JDX*,P?B'+NSE+$[ MJ@?)[E)QYD"<8W>60G;7N^Q429PQ$.S.PK([RR!V9^78 MW4`AN[.P[,XRB-U9.78W4,CN!EAV-S"(W0UR[&X`97?\]#Z\M)E$L,:PR^#( M#`#E?EPCN-294*RF-QK$,'#8]X"EF4L.=< M+VC;+VJR9:SYT440 MIJVZ#N)AVB[GTK\)@^B)-KAWF;9VNK2]B-$2LLQN,N+;UFRL!L)=P&Y_S%MQ MQ?[2TSS5,C6>50(0,L"A-)A;O:@4*\S?I2BD<&/+0*47:6OU`WT/Q(% MFD\%&32958"W(^5ZE9I#_[A(!$IF".0URJO@FQKO)!&L<4@D@R/#7PE=K]0, M=$YB^?I'2!)LN%'>BLD\U"(JK:'[*B$`)#.!A%CW*,D$K$@J*4.JZ0RH*S]J MO16SXKZ8L_HKZ*(TS73H&KTV1"BSC91`][9/KG@@G9[^`^F;0VR@0%,/U02: MS"J2K>>V)DDU7`?GQ$DF#(J+(+P@)%H\3!?=V2^D[XQII$+CB*H91)EQH)O6 MQ6'QB2I<1-<7A"JTO=O^`59#)>:L,2*4,AN)Z7E?`Z7EOCSR;/OQ74"'QCF9 MDC"$.S:A&FVY87.@,BO)-L[[VFGHDS1G/YR>3&DL2!LP>@R^]0V.FVHQ9!$2 M@I292$+D^UJ(^E?/]M/:VUQ[.J=#L(W$>C1>DUJ`E=D*2OI+TUEAO7^1`D-F MD:0:I[4/W,$OZLT.;,SWG*O+VO.]R^^SQ_]=FFC,$JC&0-G00M8P%C9=U72O M/B-EE%6KIKOD!$!?DX!/2]6*-R7%(3X^M8_-;IP\4Z;Q0!14X14+UCA$D<&1 M60![B+Y"(ZQ$KU2VIJZI!I#,"L##`A4J$7MQ0K'F(%_8@]L'OE9;H8T=#>E? M=D@H5]L82P)%ACPRKR#2U_L>FE"N<=#G[J7M0^LG5^OK?^-=*-A ME97+^D9NREL65D1>294V>L?+O$<#"6HDZXQ+Z@%)C,(])ZX4"V*(310H&FPV@2:S"@2 MSHPR">)I/[ELPPRQ^K*?=0#<_Q>I5`2_:2Y`IM=_;+NS\3]]GVB!\K MLD"%#EV7[88(9<;!GK>_>W3#^!6[8E?+U'B=%H"000Z]UEY0AEJ3A6(U=4-B M&#+8@3ONJ]H0JVZ51".@+JZP$K+<#V4HP&9@NX3U$+C;G>F`KYPRR;JNEU(T M,OCK&>Y/.\MN75'YN;^L_F&EP^0E)KZS/.2VTN7Q^)%JB>(?)L&,H;ZWNSY&K"%)2)8=/">Q[7J4FMOO/#*CG8A.3S^\]X*Q[9T%(9G?G+]-OY3N MBX\>[9`T^LZ;3BN3&/J.PZM"8,=8U*+=<@901W[O!)-[ZFOOY\[VGGG;^[F[O9_[ MV_O4X=[//>['E=5L;A4J99NO`BGLG<6NB3N)AQTS1'>0\)/CBCS8WCL_=N-7 MC'LJ"E06#0&<4:GS/`K"90J8FKD&E/M9D:8LN*]U/(*!PZ%=[7,#-]/!T8QV MZ?_VCO>.]AL[D=)/UK)=*QH4W#F4.X;VTRMS(_4QJ;MIY@(:QH@%L:J&:D\_ M($5B`3NR)M-215.'((6[)&Y]X4B#,;4`O(P!=F%C<^B,3B%K8.T=[C9V#J6? MK.LLAVB, M-"AWO=[-=H;W)G1G=OB*.O$NEJOMN2\)%`O1 MHK'`7G:XO2WZB]OF&(]2$*;I+D*QRPM4I??KN^(*O[XHEJNM,Y%`L8`>=VT^ MC8(>`X^*9;44,%OL`J&ZNA`1!@NPD:?4BZI0^^MBN=J.<@D4"^#%.^RMS_G8 M+^XLF9TEL\1+IU1:8X=5HGH@PV<2IM6"V=7-T)WT/O#62I>VYFD)V<)DXNUZ MN,GB_A4(FNG0U6TU1"A[]%NV7'>T3D[CY>R)21WZ-TDX>;0C$BF:6"UUZGL_ MH2.&V3-_T/!KT1A>_$6]?VRD27OC-<,K>YWC>YH,YQ^E&G1?P.3P9(58<5F1 M\K0>^K?$]9])%!/GW'UV'>([T8E/_TT;[HX3!E@$MEEW]9J2T/ZP9O5W+'"RN>1!&) M^V["RR3KZJ.E:'#XH?7I2AK1J)N#]7(/#LK%5Q-IB!BR2J*F86%EYSG,8HK< M>L_MB;!X6?I>>"J*1"KZ9`7P\!1Q_')/'.E1'9$PF=W0JS!V(*:H+$:;8/RYD!Q M(P$OC>>5#\.1.W,].[P.?*5VJE&DJ]MJ@Q4W%?0E]+-@]A3X=/9::6S`O2?, M1O7R]4TE-,"&VT1ZQ[R[40:*C2*4;X!1Q-APHT@?6^]NE#W%1A'*-\`H8FRX M4:3DN7T0K,04YAF@#G;9`^P=8#^9_)FX(7$N$M]ARQ2-,>!&:*9#UX6](4+< M/-"'TN&F,&HJR&#&;C!3NWZV7;:!%MX2=S9.PB@E0C#<&RC0E!4V@88;!7?R M^YK$\+%?+5/C'0,!"!QMY%GO>BNSRI7#Z1T)9^[\T1?E,Z*L46-;=0*06U*V M5=SZ'F80QM/`]`BH2JZG;$L/`00<^R%;4!7L00RQ8XZD@@X.# M#WUGK:@/\3YAI4R30%]Y?A#Z^OEB38*_QR.6JVUV5@(%1QY8UHT'`_R@W_QP M&!I_L7A=&5H]+OQV''0WFJN]9:B%YH/@V) M_?4IH-UBA=_8Z000@ZX2K+\A*N'@\"/+4I3T?:18S)+997J*E07&MV2>5CF9 ML6:@C5*G3OND1PODN/VP3XLMVL&G[%UH._,XS7#BQL,>PI\9=/EFGQCD_C43B^HO8MB=T:Y M%'0G2J1"X_G4#")N'NA[9^(-&+"-VFC2=SZUPHL;#+O#GJ6M\X/F@TW;01M, M5;J^';YFC2*$/9#D);ERSGVWMUKKU9W;=D"2FQ9ZR'VYK$8Q'4'.77!+IJS. MZ!GUU005R(O%ZVXG,2Z\EHR2',1U$)\%5)&WT,U6T?.$W`5%9P"R3W-]FNX/ M=`".&Q!WUCXC$/;LR<,66BK(U#BP$(#`T5:0E5BH.GUE#U:J0'U5LN8NJQH- M#C_TH/VJ1E4%L,3BS;"$I!H6]O'RJ@&`N>TCDVR&$0IHOPLM>)N^/=._GX"M%&H1T[A%XR7OC?E-\5M M"!>WERIVF]>O+M04:S'.2-41J.2%89IA#&REXPAYL#&]16B#?4',M85_:V.=P+--$<^:H:^=+ZJ5M6Y;;%X,\PA.<0M>P&]KSG.J$#7?U!CC))P0TAD&11N M"2!Q']%VQ.3A%;,#5)2F+=*E;O/''X!,G>N`\W*)8(VW.&5P2(7KOVX%X'"#2'9<&Y=M9>V"??>G0%[^2L=YH#*>'`71.%. M12!4U[!%A`''&TITF3)XQ"@0JC/@DNCP$%OIFRH#QX25(K7UT]4`<*R!V[Y, MT165\3'PR2L`XJ4L?<\&%_K,4<46/4L=5.`[K!Q"Y$Y=XHQB.T[ZGCT4BM4T MM2^&@<..>_:+Z4IM^M$.OY*8'5H$H%V4J#'0I_MX=D&NFZP5D*S$O2?,@N[@M>(2DCZD" MU.9?09C&+J3J74;<;BO3`(!29P"7L.$*@9W:(2OG$)_XS@T)IT$XLREKO[/' MJ//R#11H"GD3:+A!<)6[$J4I MKN@W.W3ML>NY\>MP.F][W]B[FTY]>5!'#+DQL;>/:Q.):3:'^6H-1M MCBUP$Y7K@+,-B6"-Q[@,#HX^5ZUM,ID55@_1QXJO`=OJN![7B=5T*ZG'A MUH#NQY[X?F)[\Y9ALIY5$C5E")6=YS#C"/:*&E0>5"!4U^$MPH"C#3TOG%=V M21?OU++G_:LXB^5JNZ)*H.#0`^_CYK59Q\=]#V:7Q&F\CI:[SO%%ULHN:.E[ M3:R6L),XU7.,A?C8((B/I#L+A5G#L0Y=F+,@3C'[BQE M[([J0;*[5)PY$.?8G:6,W5$]2':7BC,'XAR[LY2Q.ZH'R>Y2<>9`G&-WEC)V M1_4@V5TJSAR(<^S.4LCN>A=4*HDS!N)60>S.RK&[@4)V9V'9G640N[-R[&Z@D-U96'9G&<3NK!R[&RAD=Q:6W5D& ML3LKQ^X&"MF=A65WED'LSLJQNX%"=F=AV9UE$+NSA.2"6%WNVY(Z`9]BTH!&F#`+.H#;V9V*$==MHPU/[H( MPK15UT$\3-OE7/HW81`]T0;W+M/63I>V%S%:0I;9349\VYJ-U4"X"]CMCWDK MKMA?>IJG6J;<H`0@8XE`9SJQ>5`BXC247K6XA`CDAF!5R!(9%"1?#K'AF4 M8<@PEU#GMJ!_213_FE"-)/1>B M0/.I((,FLPKP=J15' MK;=B5MP7B._N%])TQC51H'%$U@R@S#G33 MNC@L/E&%B^CZ@E"%MG?;/\!JJ,2<-4:$4F8C,3WO:Z"TW)='GFT_O@OHT#@G M4Q*&<,YMK3^=T"+:16(_&:U(+L#);04E_:3HKK/DC+)JU727G`#H:Q+P::E:\::D.,3'I_:QV8V39\HT'HB"*KQBP1J'*#(X M,@M@#]%7:(25Z)7*UM0UU0"260%X6*!")6(O3BC6'.0+>W#[P-=J*[2QHR'] MRPX)Y6H;8TF@R)!'YA5$^GK?0Q/*-0[ZW+VT?6C]Y&I]_6^\"^6:!GW^!OP^ MM+)R6=_(37G+HBHYW@0%^?HFHQM@PVUR@-ORK]`*K99?)UY7-E"/2V8,Z:GZ MU@;)/3H](L^$*GO]PR6>@Z$$==(UY@6UP&0&@=X3%ZI%,80&"C0-5IM`DQE% MPIE1)D$\[2>7;9@A5E_VLPZ`^_\BE8K@-PWY'.A`DERA[?=GXC[;'O%C M11:HT*'KLMT0HP'@)WNS,=\)53)EG7]5** M1@9_/`L``00E#@``!#D!``#M76MSW#:R_7ZK[G_`YGY):J5H*%F2Y4I2)>N1:*U7 M)#E.UI5R41I(HLTA)R1'EO;77X*/&3[P:((8`)QL*E6V):#1Z-,'`!L-X(=_ MK*^CGW&`(S?!8W3[@KR#;Y/)=V@='823Z?6=ATZ")/WM7>(]X?1GP1..TG^G MOW],DNF;C8VO7[]^?Y<6C>^\",?A++K#,?D!6E__"9'__O=_?B"-'$28-/$& M?4C;V9]&R-E%SLZ;T1_79>-/9H!5.QSL;O M9Z?7=X]XXJY[09RXP1UI(/;>Q-D/3\,[-_'"`*`78I8@_UHOBZV3'ZT[F^M; MSO?/\?B;GW++(?1#%/KX"M^C3/4WR(E'Q_=<+LU%Y-5EYI0ZNB-SB*L92V ME9IZ5;[$D1>.CP(Y(S=J;_Q4*.Z3?YZF"M94Q\\)#L9X7"I/)'%<-&LH(\3< M(D1T>%<3ZA-?#Z-29M;RC]]$T:3W*3-H5Z\LHC*?X+IG%-^XM@QUPH)O2:BHM$^1&PPR$%Z46 M`&L&EV'O`EE:-\JA`8SJ&'N?#L.[V00'R4U:3HQI6B,'-?U+$]66M(V?EH]H MLU$&GF411,H8091E:X(GM1/=25H5,Y\U#M,Y1!VN=;&:AF:F`B*P\\(H+8U( M<>.X4T%I.D"[AQ4>@?W@*$B\Y.4*/WADW`^2BP`VH4JO#SE)]@-8Z:X:> M%T*DE#'D>3"4P#.[M=%]3;:0=Y"Z4N3Z)^EB\/D=?E&%?5.LQB&`J@`#_Z(4 MRHJAM%QUF6;&"1B`U+V`UCL9^N^G(\F8C";'OOO0'_NZ.#UKM5:[#*CG91`I M5,%9-\Q4FY?PMGNR4?]DZ#S#9\$4+PS43O`UJ=I&=EKKHLF]+%N?VO7#SL.C M.;>W^BD,[4[*C/0W MD3OV@H?KE\EMZ/=W@;HX?2-]K5T&XD49E!EKG_@P=@/C M+26G]09;.$1>%&H1V%C(IE]D@+V]?:R$Y:YGDXD;O="CIVE1@N36:&OS M=88COZX.3+D:B*.EJ*B!/I9U_C3R:08"@>`N[J_$#$Z$7H_2_[;VMEYOG^') M+8X`R+>JZ!F=:4TSD'[[]A?TLQ_>IA]>!V&$T37V4\*8(C3/S"6VU(YUG8:) MH'%X]RGM_J>\^Y](]S_EW?]TX+MQ_.G\T_6CFV("AKNKQ(WVDJ>W/R25S;:^ M7>[D,RB3@,Y1+L'8HJX'M*6+R9A)'[,EM!O)HH@^YD+^_)O!.9*=)`[2PF@8T4K+& MT"%8=-1]-S-=HY^YS]YD-CF836:^2SZMKUT?QP=I_Q_PQ1..+M)/[BC].+N, MO+N^7U3=VM*VO]U)+09%"QDHJXKRNNC;T]`=?X=.)M,PQF,4!N@R5?G1C0F) MW1BY:(K3+@2)FQ8.[]/_\X;0E+3TG<'/.BFO*+[ZNINSA]\>XE18A,?+]UI0 M2_HR;SIH)7#94@3-=\V[8!>`ZPX(-HU4;D_12%5X<(6]X`G'"1X?>D_>&`?C M>#](_YY^^WJW,Q+%CC,-DL?FPD36*>6;UQ3.ZJMGO^%VT1*:-V4H"*K09>IN MWL^TDH'6*SS&DRF1=XPS5BU^T-.Q>9+5;:[1DG*[=)*90U$60&D5XH%QOF1_ MQ/X8I3C%*'ET`[0U0F/W)5T`W).D\&FQ**"N"=Q).`L2E(YC&$_P>`UYZ<^F M4]^[(TELWYGS9H`+E"F5`CMV#1ZE(H^>4XL%#UBU]['E:EN-,E5@^%Q9GGB< MF0\6"!Z%*_`[)[<.#%*F9&D"&&>#VWX-HZ=TB>=LWCI*70/CYRD.8H4^Q9*J[WN2H0'#9;+2J"QN;-H1 M@%'X!*]K4M]^RN$WBCP8])LP<7VT'P2S](_C63!&%U-R`I)$K-JN8&`-(O`# ME2Z0CB8?7(]\2J6+&&]R.XOB;#93YA*`!C0M1<2:,/SEE'SOD.^@O/I&87]4 MDV+JK!`Q[V5:7XF)8>!'; M)!(;GHLQ[>C9)>=O_\!N-'+43$9UD1H_?]NM,[]\<_"+LFOHJY<\HL4WY1IR M$!%@`KQ)V'"Q];`N,HXK6< M*@`H`B7B>6@U#=D`4MV'80=M"0Q`A2!,707#R^4Y4$:$+?43Y9;1B7)+>J+< MROPD-K5RXH'#'M&WK)@EMUC<:]K4AGD2:M7ES)-J"4<1;\D\">9A8YZTBH5L M]&!C]99MDV0'HMHV3+>>?R[H\YY_/,J^O/XRZ:9 MZ4%M%[$VF;]I^6;J>:VO1I+YJQK0B,H=:X=@5KDOW<7ARU]P=JZZYZJ[+4_K M)U>K><"9V8]%T3\-IL>Q4&C=,UCMEJ8M/6KC5`H)C#H(J\K1Z.+V!COX"M-PD,;Y2HEN]'H%O+SMU[C\) M5IUL2UINRI'+03&'Z(1I=<;6:QU\?0'^.(G,(Y<%4KFA:4;`UH+(1;>V#FEEM"-N6%_FP2P%XXZ,3"A5R]LR-3 M#S`9LQH4[S#M'BVD&!Y2[[&NV9&K!8R75,,/T>@CS3[?^:(E&A[E32H+*8U+ M52AW4I2"T67SGJI5OJ9*'=?`6YIUA4,/JOHVSNXJ\X4DM^'\GX)L9G+JX#[V]D8Y6NV'2@@MQ(8O8 MSB"M#$J&0A>][BX%S_>,BV"12QZYK8KG0FW!>L_X=;$CK>D"@GM#Z2G_M0M8 M:5/]?GZAZE5QH:K)N5[9%:HC;:.L0!'GOY@L3"%U>*,JM.HU55DNZS,96V`;=LCXS>I].R=QM=S:=@&BV+^#2RA"M\^TD?>BG6V?MW M=V2$*+BFZ$YRMF03>WLT101AD*(*>UC-A%@0?^/!5_^@8EI![_8=2PW>5[($ M&H.%H]<.W4*H:@H;)BZE#/:L(-/T#+*Z*EJBQ[GF2] MAZK9BG0@*"O5WKB?L-*^1=W6=:2:KP:4IK:<=%!F_R5L?_&_HMAOE]$7_[7' MV8"?VMJ_"GJ_VZ9W=[C+2U\T5&JOGI%4@$("ZP4TS7AH>/],,N1?;>(BNO8F MGN]&YV&PU(?V!`UIY3]<+\B#>V&$"A'HVU0(HGJ?0>>#04QQ/X!I-,V;W;02 M#A8@Q%84,KDXT$$XF89!.FDXRWD^42Q?\X:S4"'&R+"HAUA/+.IV+#!VA3_! MNJXMBP*D#HWR$"A6`@O91/"Y\,TEDYHIWQ2I60J)2+UI'ZE%V#4=B=MU_:3F MJ<,E-0>*E<"B-ZFWEDQJIGQ3I&8I)"+UEGVD%F'7="1NU_63FJ<.E]0<*%8" M"^UYDQV!J%N?%^=Z,]PGPV5'UOV[OV9>A,?D;5OR7;4?C)6/KK`VM`9+0"HQ MQMBR;OX>IP:%8*&\T[#7`\((.N!7<^ MLB&P9,:#O?).0V#Q*CD)$-(?)-=M]24]C\1+ M)Z6+<3UT$WQQ?X.CB1>X"I*)9%K4?>Q#0D?&2H5#?A22G^;BUA`12-RP(M)4 M2F`/GP"/%G3[Z3N:(JEAQ_$=#O'?!F/ID>HRC)+[T/?"FUD4$+NJN?6>*5;G M3,92@C&HS(NCLKP%5[F+\"G8]]$@&4L=8#QL&'I(1I8F7?&1?AR&21`F.%;\Y`Q%KI$G M9]IZ")ZP[1(RO MR)4M%_>5RUN4B>U241RNJM//:1'@)MP\^$5M%Y*1),)>X8 MT`6IU4&I[WK\;83=+]/0"Y)#+\XNL>B;5\,1;&@`H*@B6)0O:J!Y%<.O+HGQ MJGL.J]/:6Q)=U!)9[0@RG+:]91CO82-(=U[\!L++Y MN45;Y:KD)G+'>4+@03B9>'%,+D-7,P#QFS"TH.`J)1AIYJO3O'*>$UJI;OQ& MF"[8UEU/;!;MBP^A2KS!HSM4*X15WX5*?(6G*9[IL/,V3![/W#CEU7Z6,3SN M?;$=J`ECT0:.4L)H0UD7D(Z_DL7-6S=[OO$H3KR) MF^"^'R>@)G0O0"!*L2X>K!U&74-I[6RUNX8R`>15L+D(TX&X+O#23JCR+*-O M!0)527QTN"-:*P27]!*$$=*X-I;]XJ9M)9$;1F,O<*.7><,8!R?!G3\;X[&B;Y[N M[9HYK-U53='74.-:C50DJLE<_(I(1:58X]-D;W]I'@V7,JSF?"\I);E?4*-#%PL;<01WKP>2D)4U$1% M5:OBA7PH6[%"CC$TCRD\703A7#`RPT>E']//P^0@3&7YA7@2RCFSI/*'?63C0VI(+00E+FAT062H61?U"6Z=9,6YT]HN&KW6RH\4RTE(+< M<48%RG\+F*5.8<^WM]W)U,=J[D.@RS26>U+50IALDA6F',LWE:A`@Z69F=#J MH(&TD:8._#P1EI4'9>:^.[J%Q+EWP4HAF(@=;2MEHE MC^@*C_$D&S+7T';F.;$=J[L<(U]G@B/';#MY(5(XE,=$T&O96#;SG#QW(B2$L7B2TDYGM-8%6_482>IAO-?%3LMM>:6,)84"*>$L&CF[1P8:_ M614;9$,H]*IZS-#L6-`Q?"A`9`4@60:]%<<7*>(MHC<\[-AP)LN"CFP00=ZT M"$::)WB'N*00DQ4`107%E_5^"5N\08IW?LRDS.RP]E$3(8I4=V(_<:*?X]T? M.@&",GQ`5/#[P`]C+WA8#KM;PDUN%3:5`5*[J&:A#[&@HWH0M?=F=A!IJD#X MS$5BX%!(;BQ>)Y&;X(<7-:=/FM+TLK71.H.>92D;7EYE6+\`G=8?782CM$UC M&->8UENS)V>4;[US!.L^.\E6140KRS;1Q6`U_(.[0:Z3>O#=<+#M!VI\Z7.6 MI=CYXYP'1-V`_+3_=K9`N)FYCZZ,B+.+!U=KU MP_$8.""2,_"5%W]1LV*M2M(]QU;:9A"4E+#C_#/%X@7(S5[HFR@;+=,8Q3"@ MK<:3GNB('.7+4890K>%5N@X\NHA/'AM`7[@`XO134]"4K0&36/8=\NYI:[EX M*)&G?)>#(50[^<`[&IE'B+`N"*E+O MYQQ-!1[O^)%M,ZX@"&DSNZCK&XVE`)-Q-FWD]#!PCV^NTS#&9V&`7Q0P;"%+ M\S7^M<9YI"*%4%;*@@]OJODK2-=[I.TR_5;33/:PK6FS)65OL\_6F&$P3E>8 M4>S=>WA\G;C)K._]KDRQ.L_,L)3@?I75RJ.\@ND\:!%(U>\%5G\U'G?AZ<'^ M1@,9?H"6ESJI0@1FW#YSHR\X(9>G*F!D4Z)N,C;:Y_$P'X#SLOF%N3:X`@.2 MBA?0NJB9>A05F*P#F'DP=I8FVGF8G`3Q+,+C0SQ-UZ%IP9?T!XF7S!1LOT%: MT/_1)M"(/T4FJ*B+%I51I;8%"R<@IK7Q6VP1G9]\`'TXDVE7B%8&HQY?C6I. MCU1&S@4 MGFG.4;7BP"O=[E5PV[<(ZJ2'\(`QSY:6&U-Z^:B`'MI)P[KO-S^]O7F)_]^GN M/R/_7\G>QN;GW_'7I_/QQOO'>/_5+[\]'U__>GMT\M?H].>SZ]/DG\\7X[$; M7R:3FYM_GCKO)_Z_W[ON^[^VOHX^;U\DR<3_?;YW5]?W?CQ?O_HYK?9/X^WMQ\O?MEQ'TYN=W[>&/O3 MT?O)<7A]&/WWZ_??;[_^5_3T^.CE]O/OQZ]?O^O\.WS MI;\[?74U._GR%@=O/[Q[M_/Z_>3#Q>-9Y.U=;WZ(?G4_O//W?Y\\/3R_/3P[ MW[_]I,&T(#.T4*L#F,L22NBK&;VY&RE+LHJVY$N!D>S\!V@.33R M#Z81C9W=$5H-=*1X7Y&G/(&-+ULGV[F:,(A>=1S;$OM!J!7.(^Z[1E8+E:$1 MNA,2@X:B+X5/@NQOY$/YQ/=G<98`'O_F1IY[Z_E>\G)Q?X63613TW0B5:U-S MIH&4DH#1H"(,5:2ABC@4WJ-"H/$/QE[^T?;-47:RAU4=-"9#+.@H_D/MOHEU.U43(:6%2`P7!06KZ:K<#_CVVDO(@!$I M75ISVC`V<3-5ZDKNM':C6,;`9,Y5J!/]Q5BM%%B])_A+ M-TX.0QQG"6AC+ZV`CV?IM[S"B9[=A.XL,HA2@,&!U$6D7VK1@R51%2R[8]=#%<#0\Q?C,A7Q$^ M$ZW;-U=D_MZS7#%_7N%[']\EUZZ/X]/0'??].A:*U_IA+-)&2-[Y$JJHBK*Z M**ML.KL\J4 M]ADDSDL6Z0G,MQ0U>P8'D,(96!W4N'?,4(%&2)B1!V-EJ3WBFBQ5IZP80K7. MGG0=('1COCAHV!=8QXQJZ_P1WDFF7,OG03532KRY7 M;QR'J0>,A?,JB-0Q^-4CQ(GB'^W^ZHKW<+4`\)%M]D':73(N5)7I[.WU?6*Q M)4YW#*BI`&C=20I:PKLJ!A38YUW2%]BA-2]>939-.@";2D=K&L(&^:Y=`F MF$.;%G$(8E-5'-I2RZ$MTQS:@G)HRQX.;?'QWC++H2TPA[8LXA#$IJHX]$HM MAUZ9YM`K*(=>V<.A5WR\7YGET"LPAUY9Q"&(355Q:%LMA[9-SBT MS<=[VRR'ML$.60[M@#FT8Q&' M(#95Q:%=M1S:-LW'^[59#KT&<^BU11R"V%05A_;4WR\]\QR M:`_,H3V+.`2QJ1(.I2JJS%/(Q)GD$%$`Q"%2T!(.53&@X#WODAD.E$0;T]]WB5C'`+F*31-.@";JN*0RCR%3)QA M#L'R%$A!>SC$VU.?=\D8AX!Y"DV3#L"FJCBD,D\A$V>80[`\!5+0'@[Q]M3G M73+&(6">0M.D`["I*@ZIS%/(Q!GF$"Q/@12TAT.\/?5YEXQQ")BGT#3I`&RJ MBD,J\Q0R<88Y!,M3(`7MX1!O3WW>)6,<`N8I-$TZ`)NJXI#*/(5,G&$.P?(4 M2$%[.,3;4Y]WR1B'@'D*39,.P*:J.*0R3R$39YA#L#P%4M`>#O'VU.==,L8A M8)Y"TZ0#L*DJ#JG,4\C$&>80+$^!%+2'0[P]]7F7C'$(F*?0-.D`;*J*0RKS M%#)QACD$RU,@!>WA$&]/?=XE8QP"YBDT33H`FRKBD*,V3\$QG:?@0/,4''OR M%!S^GKIC-D_!`>^I.V;S%!QP MGH)C49X"R*:J.*0V3\$QG:?@0/,4''OR%!S^GKIC-D_!`>^I.V;S%!QPGH)C49X"R*:J.*0V3\$QG:?@0/,4 M''OR%!S^GKIC-D_!`>^I.V;S M%!QPGH)C49X"R*:J.*0V3\$QG:?@0/,4''OR%!S^GKIC-D_!`>^I.V;S%!QPGH)C49X"R*:J.*0V3\$QG:?@ M0/,4''OR%!S^GKIC-D_!`>^I M.V;S%!QPGH)C49X"R*:*.+2I-D]ATW2>PB8T3V'3GCR%3?Z>^J;9/(5-<)[" MID5Y"B";]GZE\S@,DR!,<*SZ35V*8%-OZK9583!L\?KCO(IE;^JRX6H\]F*\-_>%%I_H.;OS=8#/XR]X$$U5UMB=3ZXR5)"R-&B@FT^PL*HX2'4 M[FI\@Y.G!Y^=(KL/T/!2SW*6`J^P&X?!-29OZN+Q@>_&\:%W?X\C'"3'J9(G MDPD>>VZ"_9?+"-^E?P\>+G'DA6-%].VA@*DI65YET;"PAG+9J!2.,NEH+AX1 MQT&5!M"\!90W07E4U)!+]W>MAO/WM+O^Y4,_A;D#V7(\Y;^N,E:RU,F_<^+C M,,J:/@^3BZSQ\4EP&87Q--5J%BL;0"%MZ7V8M9-ND$$Q$X/NPZAP<_*V?2$* M>0%:"#/\S*^4`[1\%VHT72^^=M9,.'1)X[G2@$H^)?L'=J.;D+Q'F[=4(Z7D MZ$*7J7O%1=6",5Z0LB@)LT>%YV\-9Q6,.0\7F,))V%W4MUYAZD#C,<3.@S)T M[]F^*5G!"^M^L0X!IC.+/SZA=6@DF8I8E@S@7A M,&`@1@U:]"7QD@AL)#K95$**M1;R%>@BIJ*3-#VZL]1&?G8PO%1T\A?OX1'' MR:^S5"B._!=UZUJ>9.6?4SQN95;%E]`=`J'$74:=6#(X.@`C5H M'(4;?[#6']4(T'7^I`M7N!3F-&!B3F6KTYF^EJR&Q0@VAGN!"0S,N'R-NO': MEK6Q8EAZ[1;212^5X(8BUW1E.E+;6E)W\APCH6:V*EU8;"]_.R,@&1L^#;\N M9R'-$:P[2LQ6A<'7O()P+:?98<10%^3!6^3%H; M^2JF:M*-RW:RN(O+F/KZ92K3@;N6LK:K^:6^<9EJ,'@9J4TRHJCHKPY_Q"@4W@&KYO:)E2.$C0J0HP].&O+SI=- MD8"O"K*ZJ*BLK$%-AQ'AE\Q#*%QJ0W3",9^/C8K`H[40CP3XO'L+O'" MX#B,CC&.CYZG.(AQ?.,^X[Y+`%`3N@/9$*48U,^]Z#Q$\\I9=CVIOH9*`6LH M$V$ZI[X+O(6S@2VC+_@-58DV&/1":X7@D@Z8-P>?]ZG48N_L&(]QY/I7_:/F MP$8,?\C3M0*O$$AU5.Z?%@+0535^:W@BXD/+F(PX1C$6!6#K!%LOB)%:,:A4 MA1#.P^0*^_C)#9*;,!U[#O$]CB+E7PW,9O1FL$#5`H\0Y&Q>*8'D)J`-0,/(!4)%2_,A5@S<@B! M9C@@WSSZ(A>=]((-'S#<5A(X93&,*TC:>L*H;\@`-F%QLM-6!?Y*45:WY M_F!BQUK&TCMO<`E!UPCXP='"8T4`4;(PF-^GF=]*5?GU29#]K0B1:KQ]3XN* M9N,>R^@2>(":-SZ_IZU:IJ)`Y0ZD85W=IM/)&91=&L*F(C_+ZA!L$-?LL__U M5W7P*@E[*;]-'="`R?4G^&9U#E6L\V;H]AQJ7PD)EJ%RLVWO( MMI9:Y5*DUKQ9'0ESL8;YEY5DG:0FO[-K4*YUC.T'BUZ9I=M<#^I1Z:9Y!VA? M510C5WR.'/4<*^3JW3)@ZL'@F9/=SVK1D%M'@^T&E5[IBFUSM:"QK&'<05I7 M,A++DKF]))YM6\*S;0;/MC-7,!?,$^(A\(5M*YBVS6):R[R#M*]:KCF]'V)F MRK6":P[K869G9*DW.*TGA+D],\PVA_E,,\7`@[2P.KY=>]F6)U%X*3'+AGS- MY_.$"C&(F!5"\U)6\9&.&-MK*!W6=NP.I`Z-J&P`5@(!V=-T%.%SN0JNIA2* MU[J;*-*&>?J^*%._^="\VU"18GM-NZ^:=@PANM`/TE,-OP*6E]L:/`L#_)+? MQ'&-GW`J[>4/#_MC-?N#(NFZ-PD%^C#(FM4J;U_)ZJ7.\X*RFFNHJ&M!AB40 MR\*G(+;0M[4(T(9&9REHA@Z+]%XD4[:J#4E``SIW1<3J2#`>Y;5M=2K6GAK0 M%AIW56`:=64]`YX5P4=J5X8E^O(Q_<62&)_+MH'LF28R/,\JFONJ!J$F<)Y% MWRW@]5R9SI1N(C%H*)12>$GLM8*X$IRU;K@'.HCJR+CC?M\ M]-?,>W)]'"1+8B:E#:VA+I!*W4A+SOPO!+3\R0:/8B/+=B^&632%QL`*=6`Z M%ZA5`DDNBG;SZ$7)B]K8&5VF[H@950L&R?.RU4^Q=O:W;F?A(E,X![N/^N)? M3!UH)!4:>DA&EHYF-22JBF$QQ>I<$[.4`#./'@0Q33]6\(/;78WK8IX>,"*R M[#Y`PTNMC>L"5428:!+-49$736IY0SUN8=0#:*$*5L^,$8X;(1)8=S#F54`K MI8PR2"8@C^P91[D(F^4.E#9V#$="0_9CB?)P#$^RUB`,1Q$QFP3A%E,>(?QZ M%W5:4V!%H(:`?:)8UU"M+QV2?D>0:@8O4@;!5/B)N,>R1^BSM+?C63"^F&)RYV+PL'@81J'?P-O1 M>?84JA3#I_+ZB`A`84`5$A80T0&6@AI^YYFS^N.;N%Z'4TCL9*M MMW`>:G$[3C/:#F-`-8+ZW'G(]3BS+B?&E>IP`JO(+,?*]]&5>A=#J*X!C-X\ MPW'2PB@K;<&,R`>C\:*]FO&F>??8LJ[^,S"B,%4`7/1GWA>$P#`NC^L_)%Q& M83S%=\DLSA;VV1VS^\]>[Z?466)U737(:)_W25;<7?R1E#/X'I$`D-(3>!WL M__+$&7;C6815>`)=J(&[M"O-`P:%HG3+'0P.#110VN-"LY==IXDQ]CX=AG>S M"0Z2ROW3Y8]@'I$*R5TB_4O3)R`-:,K(`*C"\)2RB-'1H@-4Q$^@O97QF%/\ MX/I'0>(E+VH\I"E0RWA!:9@U8>#(P^VY0C_^#,.7>--Z(WG>NWCA",<7P:$7 M)Y%W.R/N$Y_AR6WOQ\Q$TK7?,\O7AQ6%*Y^X2EV#G#VN5C09>X-!5T;<`%U7 M[$+[P?C:]?&27:G1BM:+&V$Z2;@5#5:1FU%,4F%_TDV<3$``+2:`P`4`!P`8F)H M+3(P,3,P,S(X7W!R92YX;6Q55`D``X:0<5&&D'%1=7@+``$$)0X```0Y`0`` M[7U=<^0VDNW[C;C_0=O[_Q'^"\_UO\WM".V\+CT_^NE=KK'7>>C] M$(2/NZ.]O?$N_<5WZ]_\\97\8.OWOX^3W[:.CHYVD_^:_6KD5OTBAK5V_W5U M.5L\H:7]WO6CV/87I('(_3%*?G@9+.S8#?P&=NTP?X/\VWOZ:^_)C]Y;H_=C MZX?7R'GW]S5S.SL?PL!#=^AA)S']Q_CM&?WT+G*7SQZQ*/G94X@>?GHWGS^] M)Q3NC4>'!.(_SX+%:HG\^-AW/OJQ&[]=^`]!N$P,?[=#8#_=760]P'\>AZLH M)M+M4IQ=\EN[7*!=*C*$J7=N].T.Q:O0GZV62SM\^^1[]AQYR#DY^>5G+YC; MWFD0HAG^R2(^]>PHNIX]V7C8U?QGH>YV9@RF3(XN,C*=E8<2O*?`U:JK7"`096D+Q[Z_LKWSE>_ZGV!B9G4Y MU:904VVJ=*H==#'5#I1-M4/PJ78(,M7<:.$%T2I$FU%]E@S',SNV/WJ(#/BZ M+P/H5TR%01"B"QNJ8*%2:YH`FVD?$L(FMV[(;O<;(=Y!#+2=XTFYG1A5N MW0L66PUZQ#L/0MI>\DWYZ5T8?METXG@>Q22FD6&S&G!7R++;,(B>\:!81??V M7$[D"K1L?2M(=1QNFV>'"]HR_L!#B+^-/[_9^V!.ATD'N%SIN&`FSJ*>M$*Y>%E-Y1MDZT8QA_=[[,]DB@=30^G%RAY1R%-8Y*Y9_TM+1R MIAIAKKIW-6:L]"?]?8SJIA1EKMS+W%S>P38_H#!$SN6: M%Z9-B4$Q"B.4_*;P,'6"Q1?L/WY9.Y!?B`?Y9>U"?DFZ\.7ZR]J!;*Q)6\1M MRQ4/\X:?:[9R"XFLML+SZ6"O]7S*_L2<^;3I9G-N?H/7E+O$#JG*G9;S0/-HM"MT`Q^$.#OP! MN=R&[3%P:LYK@8EM/[0UOVO_[0X]NJ15/[ZVEP#T5J+V%CG5T M547'4QHGPGD3NKHDIR3(AQATF=U"U7@=J&8A)7`^M!W7?YR]+>>!)\_K-IS.ZT"AXRF-AT+KP%9(U6R`-LSU MT6&I(8D5G4Y)/,J3^&&WN,>D9.^ILS-`;7UQ$H"5C*G>Q:J,3ME_VW:Z#_MH M&F^)M/6,SX*E[?I0#G&*)C"B^MOM^$ML%S1:/>IV9*6=+STV9(?$N]JMY'[\ M#H4[![*)31W59>YF]YNQ%M[R[(GH&IO+W^%MFG4;&8TVY`6\I&%K67H1Z;O; M56.E*DR@.5VA,S$;P%]0$G:#A1T43]/<6'7?M\]SM"7S9OYUG0""X;($UZ?O M4LMFN?.%C3*!V#/#O`U=XE_?H]?X!/_V-RAF2[BZ)L;X9)1.;@D3/4.+P'>Z MH+H"6=^E@Q,P2T0!3-M\9+'3VWMD[<=KBG=MA^3BS`N"&JUL M7(T7!@X9Q4VTUD07[E:=VL_KNZY2+#-`]5T.6"QL;Z-)U`#F8^M[3I1 M0\GVEIK`9ZYXT0YF/#-AM>69383L=AOG5B/H`&_>CM9>EK7O?CC`JSU0X M2\!NK[LUB]V*@;(PEK*##A3I<"GC-*-_(-"`*BK+(51Y&^9+X,:,_S(M='-)(AJ^#<+X(?#DN.OC&\PX+J)IO%B4.DZ)%+U2 MF,,$=^8YP%H/7!XAE&^1ZX5IVW`G?8S(06YUF=(W$:K/+<7]'!Q+L`CN]E9`:?[VJ*:#$2H1U)SAX?[)#4ECQ%H7) MV7A_@9+X$6:U;="`MDYO$W*H!D?B[N\&&GR%YF-K2WP-)?0HX)5*T4&$.$S09R@#5U]-@L4`)%MVVI+C@ MOAP'V(AE@>/6C04#.@H-[-DQ8;7]V+&)H`R+GX+MQJ?C.'+:CN0Z!VX\%3XX M^()"^S%]%6%M`\RV(0=8ZT6#1PAE6Z2X3(6*73K,K`:T74B:D$/Y/P1;4KIB MWHBXG$,&95KBV&L1'=PM:="`,:.=XZ+LBP>*Q5:`O95:>'U]\'IF*/OY@J.* M:S=Q'S43JP2B3>6E0I^`RB^Q4(<:3$,-)GUJ,-&!FB`T):U^W.?A1+[90VFH MH3344!J*CI*A--10&DJW,DM#::CN1P;7?QA*0_V52T.QNUWIT166$PT'.C,( MDRIN=66_NLO5\G2U7'E)!F]F>R@BNP2/Z.8%A3`C@8/LV=!>R056[MOH; M1#7A;JI'2^9$IY4G_.K0QL:SM,'NM6W44H]3K)6TS6C+5@YQ805ES=OEWR'7 M?T%1C)PS]\5UD.]$QS[^9]Q!=[XB[$:)\?%3\5,FJK5X\WUE>ENI+\%NYGE( MS/761Q>S*UFX:\26S0\DY>8A]Q8N-).22TKVW6RJTM%:)1_[SW'ZN\)7#Q=/ MMO^(H*5BX^K^->4P0I/[TE_.GG8$./5KR.[`Z)U`57AMM@9*70+:'&#C"GTQ MA]V!87=@V!T8=@>&W8%A=V#8'1AV!WK/M`^[`\/N@`ZD#;L#?X[=`4XSFXK7G#'YM'[K5`I)'E/[P<1CH?:XDC45BTD(1'Y= MM#06G#)FBL+1HWDF'4(//&$_VR[9=`GOD+NV_7R[D/;CYZ#"#EDOV/\3BC@ MTF;'8[MO0-L=#%`1-V+8ZABV.H:MCF&K8]CJ&+8ZAJV.8:NC]VV#8:MCV.K0 M@;1AJ^//L=7!"L#R^QQR05WZU$3@K9;^M;V4C:%JP/L;)/Q0EO>@4(X:J&DB MJ1DQ:\\"52J%-$H?2H/H]D47JHSA51D;J,I8?..B"U4F\*I,#%1E(KY]T8$J MUAZX*M:>>:H0&D3W)2I549P'I\%L*;/SR4_41PX.9]?1+`EFU[$L_D7;]1)G M;!W--OF==VT3GUKETMFEGR2JK1<`AW)"0Q9=GRSZD*X>TM7Y_.5Z04_3F'`Y M:S;LD+C6(W'-$7[(7FN4"1ZRUW^.[/7!7NOL=?8G.I#6+'N]Z>6?)'M=-5:J MH@:I(C@;0+AWW[;Q]"VN6]%W.G3$"J??S+]BY=P7H!<`2G!:%Z0O=YZNO.*U MN3/,V]`E[C9416@VKL9ET#EDT`^%<`7N#'N&%H'O=$%U!;*^2P.7#[K@BBT2 M:69341*\:'P M0TWLDD^@`[QY.UI[S2WH2I61>.HF109_X8:-J_]7D_.BC;4G376ZL0OJ[!4P MM1[>#!HHP8*/G5:=R^J"XFUD?=T3+A^4ZY'@]Q>C![?8,9Q$4WCQ:+4 M<4KD6'QUH)C@SCP'6.N!RR.$\KTO-G!)VW`G?8S(06YUF=(W$:K/+<7]'!Q+L`CN]E9`:?[VJ*:#$2H1U)SAX?[+# M^-AW;E&8')#W%RB)'V%6VP8-:.OT-B&':G`D[OYNH,%7:#ZVML374$+/L>T) M<`ZRUK\$CA-(MN.E)H6'7$P-"CE+'*9$C^?4:-!G*`-77TV"Q0`D6 MW;:DN."^'`?8B&6!X]:-!0,Z"@WLV3%AM?W8L8F@#(N?@NW&I^,X*!8;`786ZF%U]<'KV>& MLF_EO/&>'C`C@V/LV=!>R,5:[MOH;1#71;_;P%$T>48;16KSYOA*_K=278!?B0>K6)QFS&UJX:\26S0\DY>8A]Q8N M-).22TKK=QZ.UBKYV'^.T]\5OHFX>++]1P0M%1M7]Z\IAQ'I%ZFI0CUM$'#* MV9#-@H-W`C7CM=DIJ'W7&JI\U/9NP;!9,&P6#)L%PV;!L%DP;!8,FP7#9L&P M63!L%@R;!<-FP;!9P*AER]@N$,D]^O8C(I\B$LV36/TXBE`LZY$S8?O*%=8& MMEFVD,6'=,:_K33Y=.2Q[\Q0^.(ND#6:6Z!2-6ZFOYG=5+SFC,EG^5MG5D@N MF=H/)AX+M<>5K*E83$(@TNVBA;/@E#%3%(X>K1]0EM(#3]C/MDOV8,([Y"[G M*^Q@D%493)\&#>C^K6K"D72VO:UPUR@>O5F'TF)9I*Q&"#OEDBNQ\##L?P\['L/,Q M['P,.Q_#SL>P\S'L?`P['\/.Q[#S456YO7K;0R[&2]^E"+S5TK^VE[(A50UX M?X.$']GR7A_*40,U320U(V;M6:!*I9!&Z4-I$-W-Z$*5,;PJ8P-5&8OO8W2A MR@1>E8F!JDS$=S,Z4,7:`U?%VC-/%4*#Z#9%I2J*T^)G;K3P@F@5HDVJYRP) M5\_LV/[H)7LR$8YKUV$MB6K706WBBEVO@]F:_VSTI0)V@2B)FNP%P*'HT)!- MUR>;/J2MA[1U/GNY3EM>`V:L*Q&'9+4>R>IJN8<\M48YWR%/_>?(4T^/6N>I MLS_1@;1F>>I-+_\D>>JJL5(5)D@5P]D`PCT'MXVG;\W=BK[+EZQI?>9Y_A6K M[;X`/290@M.ZMGVY\]*'SH7YOPU=XL)#U:)FXVI<@)U#1B\GSC-[9F@1^$X7 M\E0@Z[MBY,4RN;YTX]^NPL63G=[5ZF!VMFRS MQT-Y3>5MRR(-@:7JY@YE14`9."[VWL[:Z3!F7R*<(.@['BT6P2HIS`=8J8R/K^YW@\D'UD4F+ M2`L$+8M)8FPDD,AL2&:#(?SE*D1M7>#*[M.]7;4O]93J`\'LE#!AM=6$3005 M1BIM`"`,U)8)#UG?E8O+!Y5(YF#$4)!4^)M24XETI#90'\J1-I:N=1W2D;KZ M?'G;;L*9NW0].[P._$Z%K&E(W^6Q#5M42]FJ?FW4/`V6SX&/.VAU4U^V'E_G M)$X#=JAH$F*&R$-ZR4."O@.N4K,V]/4^&G)$#T?+I#B&>NEM MT^%L'90>A/@K%TJO5:E%A?2QVML??XTRZ;4"\>NCCQ7>]Z@?*F=VC&X>[E&X M='T;()DKTJ+68@I12*66.-+0NGI($,8/@><&][@O`38.YI(/$U;;Y9%-!%5% M[>V2DCU0=W\XP%K/*!XA5"*%MTU*YMSA^0PM38)IEBIK&J@@"@]%I-_.\R"( M_2!&$?!=N0I-T\Y`[[02N&;<)K1>^9B312\,*"TVDAIV$R/[V'+A^3&HRDJ,X0%F)*F`3 ME*HDA.JC\/'#DCE7KD\.3%TDQ]-)C'"'UJFNXR6Q$EJUNN8,R#2UX(X*+)71 M$"YONUX3[D/;62Y)[=J2/$C9JP@3U:DBBZBE,:%##\/][]CJQX2AYR@FYBL)K2>D(00/51'V29^OML"YDV4;6?FFLYH/JH_)JS;9!71589,.;(A6OVJ+, MG1N("05SCY"';(I*!3ZH0"I+8_PU'Y(4TZE\K7`BGD^1$ZKSUR,__,?[]SO_ M\_GJM_W__9]_+9Y7K[_[DR/GWPHN/]7WY[/9_]<_[QXH^]RY^O9I?QWUYO',>. M;N/E_?W?+JU/2^^_/]GVIS_&W_>^3F[B>.E]N_SV^5=K;KY96H_7LRG/^\ZWO/> MI^5Y,+NY?7HYN`D?5U?6\^]H]^"_#W_]^O#S/YXOSS^^S;_^\^/AIW\$)Z^W MWL'S_MWJXML)\D\^__KK]/!?MS8.`F;SQ;\O_6#ZVV?[SN_?O-)\IE;R- MW04?[%8,E+(Z)IFJ+7%2:UXW$0JW(5."2CY;5,\>DS8Y^SH(8RK@352NX+=/ M^TO:E*R"]>(KX(W5:^/<3_O+X92L@G7U*^"-U6L3`4Q55CSA6P4<#U3`FZI7 M+DR8RA0[D=.KJYLJ;'A3].)<6YG*''.1T^O4"R+7?^Q&K1*X,7%WF18JE;ID MR`R;&:/'-Y@MUB*:QE*4.DZY5Y?]H":`YSHXP%J?0N`10M_>4G@?B)J3W=0\ M#?P%[EX(<6^_!MR`F<.BA2JE[H5:8C+HE_\0W_(';C%<0C9@U:T/PK4DL0U4Y=_)Y\W$`VL_-(VH<=Q8WI0X4A>=(^ MU,YS`4SKI:IB`_E0[8$`8@4`X7K3O"%7;2'/$SLD%8SB8]^Y1>%#$"YM?X'N M[3G4G:0@K3!-RJ&QJ7S/)F0.>#.%C:RM6#254)YDX7$JG"S_Y)\+6A>>M MHB29&?UFAZX]=STW?KMY6/=/-D(1:U/G<%*012JYTL(7.5MO_.2$ZTUXB2)` M4;=A39B/!2*H+E+I`!EACAW')2S9WCH&N_`=]`HG4#6\OJG+>F:H8BIW\O-6 MO=BNE\[OVR<<.P-J58(V9"&LX(2JI/2!$H9)G]%\YL9D/(6@BQ^G#3,F&(-J[^`_0^0KW"G"VL9O0.OG0C*14OB.%60D:H,"& M:@8?W&`M9XE/$*H/`H/"E!STMF:UO69V1Z*+@/;D?TF MU<+K^SFJ9X;*I?(8P;'OKVQO;3A,U28LM4Z!RW@Q0?6<) MBP6JB#`*`T.#(*`V.=1?G&S!QLF647&RE8N31_W%R19LG&P9%2=;N3AYU%^<;,'& MR991<;*5BY-'_<7)%FR<;!D5)UNY.'G47YQLP<;)EE%QLI6+DT?]Q]I,#K+4N/$(RA51&T=0@X#*@3%AM[U6QBX MC1ISA^PH\&>(W+M#SJEG1]&9^X`MP!T]QUV[6"Z1X]HQ\MYN0[1`Y([K+0K= M0+92(H`!1LQ#&8+IN!BKC/8WAI/>1>=!F!A]'<0WB=G.A7\;!M$S[H]T"=-V M;6E\$ZPE:9FP$BF$MKJ2NC?W`;F=MC8R:4Y2OVI,K>":BK2J_N(]/*(K_N<(&H=![ M@UO7>,CZWA/G\I'IH[0&758=I=(TP'6.TX#VDXE'3B:;NHOD?+,ZUM2 M,_T_5PQ*J%#[XLD*B9*!@'7".<7!M9U(=47!K7VUE?*+]I`"7]!USYJUH:^[ MWI"C3$&I333Q3T5:SQ(#KX`PYJP5A MZCP(SQ&*TA=WHWO[%NC%]N/[`(^OL]028"&9S6@<4S>G*M-2XH"' MK)`W/DIV=6X>CA^PZXOMFST%WV6C@::M&/,U9-*4:2B>(9&5$"_SGNVOF4N- M2U:.$%A$=CM:?QQ;T)6)J3*;4EHO.GQQB-6`,?.04_W:VE=WTJ1H5G8P:7TR MHOI%';J!KN8LBA(3#?H,=R,1'7L3A<\2,'O6U8)1?5S0,-DK%HR)NN<,BF8! M'QRLA3[E,6).D*>SA3L13.@"JD--/\J7KF+@:>XH<,C)I6F=H M<&`9H=+A*FF!I._(,G$-%"AW9W;2.OW2C4#RA468N.8)E"\T,FF=4H$7:.8F MT5[ZI@F\4`5\G;<;&K"3*=WW"IGAFJV[1U2J*D6UO9 MK@(?O:TWCF?H!6&#WGYWD>?`!$YUZ%I'3[749+*IK,#!M`HJCFK0@+8>>Q-R M,M7$;K:FZ8RLLBSK2QSQI6N(FHY.37W[V@KGM MG08A6M?,GAE:!+[3A3P5R/JN6%P^LN^`LK4K+6<`LW(5P+1-IA<[G=(N4\)!E'CP MBZEL7(T7+0X9J39J*S,D[NI3X.&F2+!PR4F5DWM40..]HO[K+U?)TM5QYR>Q-BE*1"G"/Z.8%A4EA#ES+I;/082< M&_]V%2Z>[`A%'LM@R`ET?H+6.AU=CU5;29LD=3"A9X8;%R-OV<<,K(CO\J^8CECX+30>SMK MJ\O9(5[E8=OQ8A&L_#@=!<=1A&+90X`\9'V_$UP^J#XJ*TN6#(*6Q20Q-A+( M/+HAEPV&\)>K$+5U@2N[3_=VI3(.[3=WGQ'9L/$?:55TF)T2)JRVFK")H,*H M?5:C;`_4E@D/6=^5B\L'E4CEBYY7MF\_)G=IR!X.X$>>`:OMS&$30651&ZCG MTP;'OC-#X8N[0-9H;H$*U;@9C6.5YE11*=55)%UX'1HLGP,?=]!*W!VZB(.)6(^O589.)IX/2@Q!X M7'RV7;*+&]XA=SE?A5$2-(()TZ`!;6/H)N10U=3>_KA&,?@4JL;4>E>)00/5 M1.%]C_JA0@K>WCSL!>+V,!:SR@>(50BE<]Y%LV!>$VW$M,L M5;8>RQTK/!21?CO!WV1CXVJ<=>>00:515XN1>C7T_.WZ2":T0&QX?8/:>F:H M6BJ/3E"K[L@9IYN'W&DG<,VX36B]\#4CB5X:5EAH(C7L)$3VM^?`]6-2K)$< MQ0'*2E0!FZ!4)2%4'XDTA;0^5ZY/#DQ=),?328QPA]:IKN,EL1):M;KF#,@T MM>"."JST!VLTY)0T[034Q6$UK/R&8D M4?T49DHX.W?`(K9I2><9V8HQJJC2\Q_91D5^T/UB8S-Q?[!%KF^';YG-")&G M\KQ5KM*\[,YHZW;U3P((<$FU5WFW9?/ECS"%R+D/[M`#J?=[BK\6""I>8ULA>Z#XFH#)&#S]K3=$Q*@CE8B4WO%)HNE M[.6S!UNGKX"IM0O$H(%JHC[)DUIR\D8>9>Y"EFUD[9?&:CZH/BJOUFP;U%6! M13:\*5+QJBW*W+F!F%`P]PAYR*:H5."#"J2R-$:E05#W"6O`]=^(9=)"I1+/ MI\@)1>S9LT#E22&-$8520*5063JC9,<87HJQ85*,-U*H>[:SPHX)O!03PZ28 M;*10?EPD9PP^ MDP5Y&[MSJ]FM&"AEM;<]55N\H]:\;GQO;D.FA$M\MJB>/:8CO%5\`;J]?&N9_VEYTH607KZE?`&ZO7)@*8JJSEP;<*.!ZH M@#=5KUR8,)4IXR&G5U=W,-CPINC%N9`QE3G`(:?7J1=$KO_8C5HE<&/B[C(M M5"IUR9`9-C-&CV\PFX=%-(VE*'6<Y>"'$CO0;<@)G#HH4JI>[M56(RW+/#1AQ%V>HR95PBHR!".?BZ MQ0#5U_EBL4`%49DR(+:`.\8,4+T5X3C!!TI?\\"V`+N^E9`:?RNJ*:!BJ#N4 M0.RX#")T%?CH#4"##9;.Y_P+O::T*ZV_F2R1@>^06C61^^`B9X;Y6`F;" M:KO?PR:"ZJ+VQ51B3S(PKNSP&XK)$6,`38J(6LM1ZCY50NT3I^N1$5_XT0JW M=X:>\7J)?_$-_R!VXQ7$\UP-6M#\*U)+$-5.7?R>?-Q`-K/S2-J''<6-Z4.% M(7G2/M3.9.%Q*IPL_^2?" MUH7GK:(DF1G]9H>N/7<]-WZ[>5CW3S9"$6M3YW!2D$4JN=*2#CE;;_SDA.M- M>(DB0%&W84V8CP4BJ"Y2Z0`988X=QR4LV=XZ!KOP'?0*)U`UO+ZIRWIFJ&(J M=_+S5KW8KI?.[]LG'#L#:E6"-F0AK."$JJ3TZ0V&29_1?.;&9#R%H(L?IPTS M)AB'(ZJ?RB(*.=-N[2@^"Y*B`'C:N_@/T/D*]PIPMK&;T#KYT(RD5+XCA5D) M&J#`AFH&'*(I=9R2KV[OGYH`'G]Q@+6>)3Q"J#P*#PI0<]+9FE:LF=D>BBX# MVY'])M7"Z_LYJF>&RJ7R&,&Q[Z]L;VTX3'*["E';<*FR^U0'M4F++5.@WRC! M:?W%+W>>"J#P>8R"$;(W"DMP)BFPN31X))$$D%1@!*O`R"@%1AL%),)X205D M;VF6X$Q28',1T]I3^5AFP8Q]6`WVC=)@/Z>!S&$!20UD;[^6X$S28)+30.6- M_X(94U@-ID9I,,UIT%=1? MG&S!QLF647&RE8N31_W%R19LG&P9%2=;N3AYU%^<;,'&R991<;*5BY-'_<7) M(]@X>614G#S*Q]5L8G( M=%%7N(T:/:,?+>;D.T0.2. MZRT*W4"V4B*``4;,0QF"Z;@8JXSV-X:3WD7G09@8?1W$-XG9SH5_&P;1,^Z/ M=`G3=FUI?!.L)6F9L!(IA+:ZDKHW]P&YG;8V,FE.4K]J3*WG)8.&3!&5"04Z M:HHV`=RGY$+K7%B&STDFD]HB=RRC.A))?Q^F3$2FC'@FHJTJO[B/3RB*_[G" M!J'0>X-;UWC(^MX3Y_*1Z:.T!EU6':72-,!UCM.`]I.)1TXFF[J+Y'RS.M7+ M!!>/14NFE,(;YY?!]VX60`ZPUMX=CY!,H#ZR'Y6&`:Y_;'P3G#T..YEJ,J<. M@'7K4C/]/U<,2JA0^^+)"HF2@8!UPCG%P;6=2'5%P:U]M97RB_:0`E_0=<^: MM:&ON]Z0HTQ!J7+\L@+FBO#B1H\",\1BM(7=Z-[^Q7)SKE&36CM(38C*5-/Y;F*XK#ZA.U)HXUSA.VQ MO3MYA[%A(R9][%@\92)*I3RD94P*6WKHQ?;C^P"/K[/4$F`AF^J8)O%`%?)VW&QJPDRG7.JU24`[&M0-]F*<.7M]PJ9X9JMNT=4JB MI%M;V:X"'[VM-XYGZ`5A@]Y^=Y'GP`1.=>A:1T^UU&2RJ:S`P;0**HYJT("V M'GL3V7FZVINF,K+(LZTL<\:7*JJ$M&5!AS;[]^ M_&/EOM@>[F1'$E6TH:^#T9"C3#VE5V_NG]PP?H-U*ZHQM78FDFJ@L&%*P M!@"M$0+8IN@/CI#CD90!4PA?P<[^K.9V0F M@'_>>UZ9W9LOQ-+-;&Y$QPA%8""UQ6RXAH`*:\"F+:+1['3='!2BQE# M[,,N`9G;$4K^]?\#4$L#!!0````(`(MUDT(UWEJX/08``/\E```0`!P`8F)H M+3(P,3,P,S(X+GAS9%54"0`#AI!Q48:0<5%U>`L``00E#@``!#D!``#M6NM3 MVDH4_WYG[O^P-Y]ZIQ-#0)XCS"B"M:)8'EK;Z3!+LD`TV<3=#6`[_=_O;C9! M`A%CM;:="U\(N^?Q.X^U[#` M,69\UV#6%/$U/$6$_^;[$\:\BJ;-9K,=@Y-2PR*(NCXQ$!4+0%5K0'S^_FM/ M**D3)%14P"77L^\1H!>!7JAD"I7=(NCWZB";T7.2B7/,:84:$^1`,'=L3"OS M(;&MJK*D4ZSLN&2L93.9G&9ARB`VD`(8)&/$SJ"#J`<-M.`9#B>,^)0);)K0 ME-KJ!D@B6D(6M`$&BHR=L3O5"!%BLVI&5W-Z1(Q= MC'TG&;C)B,;N/*1Q(I53(6(9$1]'FPZY3U4A@\8Q^52+-H05Y3BHN6WAFR2# M]7*YK`6[$>D:9=SM8GL(*7<[LI&#,&NZQ#E$(^C;K*K<^M"V1A8RE:4HFBP. M-925U^2F4I,Y`X#(`8BQRR"S7%P+5\-US[/PR*U%:WQ50*E$>#IH!`([*L(' M585:CF=SE')M0M"HJG"WJI$W!S8<[G",$04D!G%MM-E'FD=U7MXOK-'P[*5IQHP1QCYL!Q$6_<[RY-$G9AZ[ABXJPC\T&9A:[ M.^8W+'$"90JPS*JRD:*V[-H(QWT<:AGQT?DQ%$E9OH38!%(D6)*YIZT*`4E* M?(K,-JX%UZOY'(H(23;SQI-FE?,1Q2N16>%>1$>+A:<&5K/Q.8'K6/2F@YA/ M<-=W'$CN^CBH6,@\.'AW9+M#:-==@KI\Q6!U&U)ZUIU`[K!'MN/!_VE:DGV\ MG$%9D4+Q#!)H-`D'A'C`MP6B[YR"JP52+Q"*@=0,`M7@#$CE#].]B1/^FY23 MVX2,)Z1HOTS?1H'+)JYM(M)$B(KPZ3*9-E(\6DFR826)I(C+>T%`2-J6CB=% M:I\WO=!N^MAL>^+)PL+CQMQ#F,J89.-1>Y2ZEF#Q:@"S\0!*F4`(!0NI(!*; M',YM-).C&7JM,8>BA>D1B*GG<@#"[;EX*#>3)OAI-8RY>!A#>2`4"+[=B_S^ M?RB=P9/SY\O3B]TOGS\:GC^_POFR^;4X'5_=X?ZA/SLJDG+Q)'O=[]U1NS@U MOF;L]ZRL9:\_HMGTS-3Z$[J_^^YBWNQ^&#:.;S.MH]-NB[V=MTT3TG/F]'IO M6WK?L3_U(>S?YF:9ZWR;,<>^:=U%NLW70;GZ83/MFWX77 M_O7)[0S2R6B_T;OPWS;S^4G[70&.CX>%(\VTO4S?:;K=]OED6FR3L7^J>U=( M*WXJG5R/CMY[K6;C;GC]H5'JOWSJZ M\4EOUKF]P=[$9/F+@ZO]3_KY%6J;M/H%U+N=\`7#+^IX."&T[.`X?[`A6:-Y M1N_S8_K2=4'Y%^J"I/ZP&7JT%4J@WO9#S^N'"H_V0X5T_5!AVP^]7C]4?%(_ M5$S5#Q6W_="OZ(=*Z?NA4II^J+3MAU[TW89%#=NE/D'W9^]A<`P=0@8;\AWV M8Z\6TKW?>`U-:0K!KCC;%V!63G>)"`A(X%L$:ON:X\_*S>=THJ^K,TV^EE\R M7[<-:=K,W=-B8S4Y@=/61G"+R9SE>"YA`*_-63?-9N5(M^4:@;P-+.*7&O&I M8DG5LVI.WYE3B(,8;@F@V(3$N-1@HLN! MZ(4%D!10-@VK'X"1Q,*_U7O6IP!(,?Q.XXYESC/)F.R1!:)P-AU`JBIK3]W[ M0\K$'QP4($=UP7\-*GR-M\C'##GB1E$`#*FJ"B_@8LH64/%6VG+-7L!G^B2< M;F'+Y@_+8OXF::G/F2WFB]TCXOI>I,3BXF4EY@?#X&%D6NU!<[IBBI$KYTKY M4^0,$8FLD/\\J)BN`RV<9,8(VO3GV+$&:?E6B:,W76/`R_%`EN.!*,<#68X' M01D>G`UD(?YMC'LJXOC-$;>^+B8/63U7*/\VYJU!^J'8R9,T=,B?$\"'8:>) M8C'SV]BX!DE&,3C098V5!>4_4$L!`AX#%`````@`BW630A'+D+Q7&0``[K0` M`!``&````````0```*2!`````&)B:"TR,#$S,#,R."YX;6Q55`4``X:0<5%U M>`L``00E#@``!#D!``!02P$"'@,4````"`"+=9-",$>DO-H#``#X$P``%``8 M```````!````I(&A&0``8F)H+3(P,3,P,S(X7V-A;"YX;6Q55`4``X:0<5%U M>`L``00E#@``!#D!``!02P$"'@,4````"`"+=9-"0=>S$P\P``#A1@,`%``8 M```````!````I(')'0``8F)H+3(P,3,P,S(X7V1E9BYX;6Q55`4``X:0<5%U M>`L``00E#@``!#D!``!02P$"'@,4````"`"+=9-"6>7`&=0I``"2PP(`%``8 M```````!````I($F3@``8F)H+3(P,3,P,S(X7VQA8BYX;6Q55`4``X:0<5%U M>`L``00E#@``!#D!``!02P$"'@,4````"`"+=9-"ZXWI-G$Q``"TF@,`%``8 M```````!````I(%(>```8F)H+3(P,3,P,S(X7W!R92YX;6Q55`4``X:0<5%U M>`L``00E#@``!#D!``!02P$"'@,4````"`"+=9-"-=Y:N#T&``#_)0``$``8 M```````!````I($'J@``8F)H+3(P,3,P,S(X+GAS9%54!0`#AI!Q475X"P`! @!"4.```$.0$``%!+!08`````!@`&`!0"``".L``````` ` end XML 13 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
BBH Global Core Select Class N Shares | BBH Global Core Select | Class N Shares
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading BBH Global Core Select
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The investment objective of BBH Global Core Select (the “Fund”) is to provide investors with long-term growth of capital.

Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

The table below describes the fees and expenses that you may pay if you buy and hold the Fund’s Class N shares.


The investment adviser has contractually agreed to limit the Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions, other expenditures that are capitalized in accordance with generally accepted accounting principles, and other extraordinary expenses not incurred in the ordinary course of the Fund’s business) to 1.25% through April 1, 2014 (the “Expense Limitation Agreement”). The Expense Limitation Agreement may only be terminated during its term with approval of the Fund’s Board of Trustees (the “Board”).

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (Fees paid directly from your investment)
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumCumulativeSalesChargeOverOfferingPrice none
Maximum Deferred Sales Charge (Load) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge (Load) Imposed on Reinvested Dividends rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption Fee (as a percentage of Amount Redeemed) rr_RedemptionFeeOverRedemption (2.00%)
Exchange Fee rr_ExchangeFeeOverRedemption none
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment)
Management Fees rr_ManagementFeesOverAssets 0.95%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.31% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.26%
Less Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.01%)
Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement rr_NetExpensesOverAssets 1.25%
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2014-04-01
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example above, affect the Fund’s performance.

Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Other Expenses are based on estimated amounts for the current fiscal year.
Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This example is intended to help you compare the cost of investing in the Fund’s Class N shares to the cost of investing in other mutual funds. This example gives effect to the contractual expense reimbursement for 1 year and the first year of the 3 year calculation.

Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption The example assumes that you invest $10,000 in the Fund's Class N shares for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the operating expenses of the Fund's Class N shares remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 127
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 $ 398
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund will invest primarily in publicly traded equity securities of companies that are located anywhere in the world, including in the United States. The Fund will invest in equities issued by U.S. and non-U.S. firms both directly and in the form of depository receipts representing an interest in these securities. The Fund may invest in companies that are organized, have a majority of their assets, or generate the majority of their operating income in any country, including emerging markets countries, but the Fund intends to invest primarily in the equity securities of companies in countries with developed economies. The Fund’s equity strategy blends aspects of growth and value investing.


The Fund will not be required to allocate its investments among any particular countries or in set percentages. Under normal circumstances, however, the Fund will invest in at least three different countries, and invest at least 40% of its net assets in securities of non-U.S. companies. For these purposes, “non-U.S. companies” are firms that are organized, have a majority of their assets, or generate the majority of their revenues and/or operating income outside the United States. The Fund also seeks to invest in approximately 30-40 different companies that meet its demanding investment criteria. While the Fund may invest in equity securities of companies of any size, the Fund will primarily invest in large and mid-capitalized companies with market capitalizations greater than $3 billion.


The Fund buys and sells securities denominated in currencies other than the U.S. dollar. Interest, dividends and sale proceeds on such securities are received in currencies other than the U.S. dollar. The Fund may enter into foreign currency exchange transactions from time to time to convert to and from different foreign currencies and to convert foreign currencies to and from the U.S. dollar. The Fund may purchase currency forwards for the purpose of hedging the value of securities purchased or intended to be purchased. However, the Fund will have no obligation to hedge against any risks and there can be no assurance that hedging transactions, if undertaken, will be effective.


The investment adviser will generally select companies based on their long-term investment potential and follows a “buy and own” approach. The Fund will not seek to trade in and out of stocks for small gains. While not a determining factor, the investment adviser may consider tax implications when deciding whether or not to sell a particular investment.

Risk [Heading] rr_RiskHeading PRINCIPAL RISKS OF THE FUND
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

The principal risks of investing in the Fund and the circumstances reasonably likely to adversely affect an investment are listed in alphabetical order and described below. The share price of the Fund changes daily, based on market conditions and other factors. A shareholder may lose money by investing in the Fund. There can be no assurance that the Fund will achieve its investment objective.


Capital Controls Risk:


Capital controls imposed by foreign governments in response to economic or political events may impact the ability of the Fund to buy, sell or otherwise transfer securities or currency. This may adversely affect the trading market and price for shares of the Fund, and may cause the Fund to decline in value.


Currency Exchange Rate Risk:


Because the Fund invests in securities denominated in, or providing exposure to, non-U.S. currencies and the Fund’s NAV is determined on the basis of U.S. dollars, the U.S. dollar value of your investment in the Fund may go down if the value of the local currency of the non-U.S. markets in which the Fund invests depreciates against the U.S. dollar. Currency exchange rates can be very volatile and can change quickly and unpredictably.


Emerging Markets Risk:


Emerging markets involve risks greater than those generally associated with investing in more developed foreign markets. These less developed markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile.


Equity Securities Risk:


Equity risk is the risk that prices of equity securities rise and fall daily due to factors affecting individual companies, particular industries or the equity market as a whole.


Foreign Investment Risk:


This is the risk associated with adverse political, social and economic developments abroad, different kinds and levels of market and issuer regulations, and the different characteristics of overseas economies and markets.


Investment Risk:


Investors in the Fund could lose money, including the possible loss of the entire principal amount of an investment, over short or even long periods of time.


Management Risk:


The Fund is actively managed and its success depends upon the investment skills and analytical abilities of the investment adviser to develop and effectively implement strategies that achieve the Fund’s investment objective. Subjective decisions made by the investment adviser may cause the Fund to incur losses or to miss profit opportunities on which it may otherwise have capitalized.


Market Risk:


This is the risk that the price of a security will fall due to changing economic, political, regulatory or market conditions, or due to a company’s or issuer’s individual situation.


Medium-Sized Company Risk:


Stocks of medium-sized companies tend to be more volatile and less liquid than stocks of large companies and may trade at prices that reflect incomplete or inaccurate information.


Non-Diversification Risk:


A non-diversified fund may be subject to greater risk than a diversified fund because changes in the financial condition of individual issuers, as well as political, regulatory or economic occurrences affecting such issuers may cause greater fluctuation in the value of a non-diversified fund’s shares.


Shareholder Concentration Risk:


This is the risk that asset allocation decisions, particularly large redemptions, made by an investment adviser whose discretionary clients make up a large percentage of the Fund’s shareholders may adversely impact remaining Fund shareholders.

Risk Lose Money [Text] rr_RiskLoseMoney A shareholder may lose money by investing in the Fund.
Risk Nondiversified Status [Text] rr_RiskNondiversifiedStatus A non-diversified fund may be subject to greater risk than a diversified fund because changes in the financial condition of individual issuers, as well as political, regulatory or economic occurrences affecting such issuers may cause greater fluctuation in the value of a non-diversified fund's shares.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading FUND PERFORMANCE
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

Because the Fund has less than a full calendar year of investment operations, no performance information is presented for the Fund at this time. The Fund is a successor to a private fund of the same name (the “Predecessor Fund”), which also has less than a full calendar year of investment operations. In the future, performance information will be presented in this section of this Prospectus and will include the performance of the Predecessor Fund, adjusted to reflect the Fund’s current fees and expenses, for periods prior to its reorganization into the Fund.

Performance One Year or Less [Text] rr_PerformanceOneYearOrLess Because the Fund has less than a full calendar year of investment operations, no performance information is presented for the Fund at this time.
[1] Other Expenses are based on estimated amounts for the current fiscal year.
XML 14 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.1.0.1 * */ var moreDialog = null; var Show = { Default:'raw', more:function( obj ){ var bClosed = false; if( moreDialog != null ) { try { bClosed = moreDialog.closed; } catch(e) { //Per article at http://support.microsoft.com/kb/244375 there is a problem with the WebBrowser control // that somtimes causes it to throw when checking the closed property on a child window that has been //closed. So if the exception occurs we assume the window is closed and move on from there. bClosed = true; } if( !bClosed ){ moreDialog.close(); } } obj = obj.parentNode.getElementsByTagName( 'pre' )[0]; var hasHtmlTag = false; var objHtml = ''; var raw = ''; //Check for raw HTML var nodes = obj.getElementsByTagName( '*' ); if( nodes.length ){ objHtml = obj.innerHTML; }else{ if( obj.innerText ){ raw = obj.innerText; }else{ raw = obj.textContent; } var matches = raw.match( /<\/?[a-zA-Z]{1}\w*[^>]*>/g ); if( matches && matches.length ){ objHtml = raw; //If there is an html node it will be 1st or 2nd, // but we can check a little further. var n = Math.min( 5, matches.length ); for( var i = 0; i < n; i++ ){ var el = matches[ i ].toString().toLowerCase(); if( el.indexOf( '= 0 ){ hasHtmlTag = true; break; } } } } if( objHtml.length ){ var html = ''; if( hasHtmlTag ){ html = objHtml; }else{ html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ objHtml + "\n"+''+ "\n"+''; } moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write( html ); moreDialog.document.close(); if( !hasHtmlTag ){ moreDialog.document.body.style.margin = '0.5em'; } } else { //default view logic var lines = raw.split( "\n" ); var longest = 0; if( lines.length > 0 ){ for( var p = 0; p < lines.length; p++ ){ longest = Math.max( longest, lines[p].length ); } } //Decide on the default view this.Default = longest < 120 ? 'raw' : 'formatted'; //Build formatted view var text = raw.split( "\n\n" ) >= raw.split( "\r\n\r\n" ) ? raw.split( "\n\n" ) : raw.split( "\r\n\r\n" ) ; var formatted = ''; if( text.length > 0 ){ if( text.length == 1 ){ text = raw.split( "\n" ) >= raw.split( "\r\n" ) ? raw.split( "\n" ) : raw.split( "\r\n" ) ; formatted = "

"+ text.join( "

\n" ) +"

"; }else{ for( var p = 0; p < text.length; p++ ){ formatted += "

" + text[p] + "

\n"; } } }else{ formatted = '

' + raw + '

'; } html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+'
'+ "\n"+' formatted: '+ ( this.Default == 'raw' ? 'as Filed' : 'with Text Wrapped' ) +''+ "\n"+'
'+ "\n"+' '+ "\n"+'
'+ "\n"+' '+ "\n"+'
'+ "\n"+''+ "\n"+''; moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write(html); moreDialog.document.close(); this.toggle( moreDialog ); } moreDialog.document.title = 'Report Preview Details'; }, toggle:function( win, domLink ){ var domId = this.Default; var doc = win.document; var domEl = doc.getElementById( domId ); domEl.style.display = 'block'; this.Default = domId == 'raw' ? 'formatted' : 'raw'; if( domLink ){ domLink.innerHTML = this.Default == 'raw' ? 'with Text Wrapped' : 'as Filed'; } var domElOpposite = doc.getElementById( this.Default ); domElOpposite.style.display = 'none'; }, LastAR : null, showAR : function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }, toggleNext : function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }, hideAR : function(){ Show.LastAR.style.display = 'none'; } }
XML 15 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
BBH Global Core Select Retail Class Shares | BBH Global Core Select | Retail Class Shares
BBH Global Core Select
INVESTMENT OBJECTIVE

The investment objective of BBH Global Core Select (the “Fund”) is to provide investors with long-term growth of capital.

FEES AND EXPENSES OF THE FUND

The table below describes the fees and expenses that you may pay if you buy and hold the Fund’s Retail Class shares.


The investment adviser has contractually agreed to limit the Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions, other expenditures that are capitalized in accordance with generally accepted accounting principles, other extraordinary expenses not incurred in the ordinary course of the Fund’s business and amounts payable pursuant to any plan adopted in accordance with Rule 12b-1) to 1.25% through April 1, 2014 (the “Expense Limitation Agreement”). After exclusions, total operating expenses for Retail Class shares of the Fund are expected to be 1.50%. The Expense Limitation Agreement may only be terminated during its term with approval of the Fund’s Board of Trustees (the “Board”).

Shareholder Fees (Fees paid directly from your investment)
Shareholder Fees
BBH Global Core Select Retail Class Shares
BBH Global Core Select
Retail Class Shares
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) none
Maximum Deferred Sales Charge (Load) none
Maximum Sales Charge (Load) Imposed on Reinvested Dividends none
Redemption Fee on shares held less than 30 days after purchase (as a percentage of amount redeemed, if applicable) 2.00%
Exchange Fee none
Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses
BBH Global Core Select Retail Class Shares
BBH Global Core Select
Retail Class Shares
Management Fees 0.95%
Distribution (12b-1) Fees 0.25%
Other Expenses [1] 0.31%
Total Annual Fund Operating Expenses 1.51%
Less Fee Waiver/Expense Reimbursement (0.01%)
Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement 1.50%
[1] Other Expenses are based on estimated amounts for the current fiscal year.
EXAMPLE

This example is intended to help you compare the cost of investing in the Fund’s Retail Class shares to the cost of investing in other mutual funds. This example gives effect to the contractual expense reimbursement for 1 year and the first year of the 3 year calculation.

The example assumes that you invest $10,000 in the Fund's Retail Class shares for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the operating expenses of the Fund's Retail Class shares remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example (USD $)
1 Year
3 Years
BBH Global Core Select Retail Class Shares BBH Global Core Select Retail Class Shares
153 477
Portfolio Turnover

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example above, affect the Fund’s performance.

PRINCIPAL INVESTMENT STRATEGIES

The Fund will invest primarily in publicly traded equity securities of companies that are located anywhere in the world, including in the United States. The Fund will invest in equities issued by U.S. and non-U.S. firms both directly and in the form of depository receipts representing an interest in these securities. The Fund may invest in companies that are organized, have a majority of their assets, or generate the majority of their operating income in any country, including emerging markets countries, but the Fund intends to invest primarily in the equity securities of companies in countries with developed economies. The Fund’s equity strategy blends aspects of growth and value investing.


The Fund will not be required to allocate its investments among any particular countries or in set percentages. Under normal circumstances, however, the Fund will invest in at least three different countries, and invest at least 40% of its net assets in securities of non-U.S. companies. For these purposes, “non-U.S. companies” are firms that are organized, have a majority of their assets, or generate the majority of their revenues and/or operating income outside the United States. The Fund also seeks to invest in approximately 30-40 different companies that meet its demanding investment criteria. While the Fund may invest in equity securities of companies of any size, the Fund will primarily invest in large and mid-capitalized companies with market capitalizations greater than $3 billion.


The Fund buys and sells securities denominated in currencies other than the U.S. dollar. Interest, dividends and sale proceeds on such securities are received in currencies other than the U.S. dollar. The Fund may enter into foreign currency exchange transactions from time to time to convert to and from different foreign currencies and to convert foreign currencies to and from the U.S. dollar. The Fund may purchase currency forwards for the purpose of hedging the value of securities purchased or intended to be purchased. However, the Fund will have no obligation to hedge against any risks and there can be no assurance that hedging transactions, if undertaken, will be effective.


The investment adviser will generally select companies based on their long-term investment potential and follows a “buy and own” approach. The Fund will not seek to trade in and out of stocks for small gains. While not a determining factor, the investment adviser may consider tax implications when deciding whether or not to sell a particular investment.

PRINCIPAL RISKS OF THE FUND

The principal risks of investing in the Fund and the circumstances reasonably likely to adversely affect an investment are listed in alphabetical order and described below. The share price of the Fund changes daily, based on market conditions and other factors. A shareholder may lose money by investing in the Fund. There can be no assurance that the Fund will achieve its investment objective.


Capital Controls Risk:


Capital controls imposed by foreign governments in response to economic or political events may impact the ability of the Fund to buy, sell or otherwise transfer securities or currency. This may adversely affect the trading market and price for shares of the Fund, and may cause the Fund to decline in value.


Currency Exchange Rate Risk:


Because the Fund invests in securities denominated in, or providing exposure to, non-U.S. currencies and the Fund’s NAV is determined on the basis of U.S. dollars, the U.S. dollar value of your investment in the Fund may go down if the value of the local currency of the non-U.S. markets in which the Fund invests depreciates against the U.S. dollar. Currency exchange rates can be very volatile and can change quickly and unpredictably.


Emerging Markets Risk:


Emerging markets involve risks greater than those generally associated with investing in more developed foreign markets. These less developed markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile.


Equity Securities Risk:


Equity risk is the risk that prices of equity securities rise and fall daily due to factors affecting individual companies, particular industries or the equity market as a whole.


Foreign Investment Risk:


This is the risk associated with adverse political, social and economic developments abroad, different kinds and levels of market and issuer regulations, and the different characteristics of overseas economies and markets.


Investment Risk:


Investors in the Fund could lose money, including the possible loss of the entire principal amount of an investment, over short or even long periods of time.


Management Risk:


The Fund is actively managed and its success depends upon the investment skills and analytical abilities of the investment adviser to develop and effectively implement strategies that achieve the Fund’s investment objective. Subjective decisions made by the investment adviser may cause the Fund to incur losses or to miss profit opportunities on which it may otherwise have capitalized.


Market Risk:


This is the risk that the price of a security will fall due to changing economic, political, regulatory or market conditions, or due to a company’s or issuer’s individual situation.


Medium-Sized Company Risk:


Stocks of medium-sized companies tend to be more volatile and less liquid than stocks of large companies and may trade at prices that reflect incomplete or inaccurate information.


Non-Diversification Risk:


A non-diversified fund may be subject to greater risk than a diversified fund because changes in the financial condition of individual issuers, as well as political, regulatory or economic occurrences affecting such issuers may cause greater fluctuation in the value of a non-diversified fund’s shares.


Shareholder Concentration Risk:


This is the risk that asset allocation decisions, particularly large redemptions, made by an investment adviser whose discretionary clients make up a large percentage of the Fund’s shareholders may adversely impact remaining Fund shareholders.

FUND PERFORMANCE

Because the Fund has less than a full calendar year of investment operations, no performance information is presented for the Fund at this time. The Fund is a successor to a private fund of the same name (the “Predecessor Fund”), which also has less than a full calendar year of investment operations. In the future, performance information will be presented in this section of this Prospectus and will include the performance of the Predecessor Fund, adjusted to reflect the Fund’s current fees and expenses, for periods prior to its reorganization into the Fund.

XML 16 R1.htm IDEA: XBRL DOCUMENT v2.4.0.6
Document and Entity Information
0 Months Ended
Oct. 31, 2012
Risk/Return:  
Document Type 485BPOS
Document Period End Date Oct. 31, 2012
Registrant Name BBH Trust
Central Index Key 0001342947
Amendment Flag false
Document Creation Date Mar. 28, 2013
Document Effective Date Mar. 28, 2013
Prospectus Date Mar. 28, 2013
BBH Global Core Select Class N Shares | BBH Global Core Select | Class N Shares
 
Risk/Return:  
Trading Symbol BBGNX
BBH Global Core Select Retail Class Shares | BBH Global Core Select | Retail Class Shares
 
Risk/Return:  
Trading Symbol BBGRX
XML 17 R12.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Prospectus Date rr_ProspectusDate Mar. 28, 2013
XML 18 R11.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
BBH Global Core Select Retail Class Shares | BBH Global Core Select | Retail Class Shares
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading BBH Global Core Select
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The investment objective of BBH Global Core Select (the “Fund”) is to provide investors with long-term growth of capital.

Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

The table below describes the fees and expenses that you may pay if you buy and hold the Fund’s Retail Class shares.


The investment adviser has contractually agreed to limit the Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions, other expenditures that are capitalized in accordance with generally accepted accounting principles, other extraordinary expenses not incurred in the ordinary course of the Fund’s business and amounts payable pursuant to any plan adopted in accordance with Rule 12b-1) to 1.25% through April 1, 2014 (the “Expense Limitation Agreement”). After exclusions, total operating expenses for Retail Class shares of the Fund are expected to be 1.50%. The Expense Limitation Agreement may only be terminated during its term with approval of the Fund’s Board of Trustees (the “Board”).

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (Fees paid directly from your investment)
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumCumulativeSalesChargeOverOfferingPrice none
Maximum Deferred Sales Charge (Load) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge (Load) Imposed on Reinvested Dividends rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption Fee (as a percentage of Amount Redeemed) rr_RedemptionFeeOverRedemption (2.00%)
Exchange Fee rr_ExchangeFeeOverRedemption none
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment)
Management Fees rr_ManagementFeesOverAssets 0.95%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.31% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.51%
Less Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.01%)
Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement rr_NetExpensesOverAssets 1.50%
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2014-04-01
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example above, affect the Fund’s performance.

Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Other Expenses are based on estimated amounts for the current fiscal year.
Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This example is intended to help you compare the cost of investing in the Fund’s Retail Class shares to the cost of investing in other mutual funds. This example gives effect to the contractual expense reimbursement for 1 year and the first year of the 3 year calculation.

Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption The example assumes that you invest $10,000 in the Fund's Retail Class shares for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the operating expenses of the Fund's Retail Class shares remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 153
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 $ 477
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund will invest primarily in publicly traded equity securities of companies that are located anywhere in the world, including in the United States. The Fund will invest in equities issued by U.S. and non-U.S. firms both directly and in the form of depository receipts representing an interest in these securities. The Fund may invest in companies that are organized, have a majority of their assets, or generate the majority of their operating income in any country, including emerging markets countries, but the Fund intends to invest primarily in the equity securities of companies in countries with developed economies. The Fund’s equity strategy blends aspects of growth and value investing.


The Fund will not be required to allocate its investments among any particular countries or in set percentages. Under normal circumstances, however, the Fund will invest in at least three different countries, and invest at least 40% of its net assets in securities of non-U.S. companies. For these purposes, “non-U.S. companies” are firms that are organized, have a majority of their assets, or generate the majority of their revenues and/or operating income outside the United States. The Fund also seeks to invest in approximately 30-40 different companies that meet its demanding investment criteria. While the Fund may invest in equity securities of companies of any size, the Fund will primarily invest in large and mid-capitalized companies with market capitalizations greater than $3 billion.


The Fund buys and sells securities denominated in currencies other than the U.S. dollar. Interest, dividends and sale proceeds on such securities are received in currencies other than the U.S. dollar. The Fund may enter into foreign currency exchange transactions from time to time to convert to and from different foreign currencies and to convert foreign currencies to and from the U.S. dollar. The Fund may purchase currency forwards for the purpose of hedging the value of securities purchased or intended to be purchased. However, the Fund will have no obligation to hedge against any risks and there can be no assurance that hedging transactions, if undertaken, will be effective.


The investment adviser will generally select companies based on their long-term investment potential and follows a “buy and own” approach. The Fund will not seek to trade in and out of stocks for small gains. While not a determining factor, the investment adviser may consider tax implications when deciding whether or not to sell a particular investment.

Risk [Heading] rr_RiskHeading PRINCIPAL RISKS OF THE FUND
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

The principal risks of investing in the Fund and the circumstances reasonably likely to adversely affect an investment are listed in alphabetical order and described below. The share price of the Fund changes daily, based on market conditions and other factors. A shareholder may lose money by investing in the Fund. There can be no assurance that the Fund will achieve its investment objective.


Capital Controls Risk:


Capital controls imposed by foreign governments in response to economic or political events may impact the ability of the Fund to buy, sell or otherwise transfer securities or currency. This may adversely affect the trading market and price for shares of the Fund, and may cause the Fund to decline in value.


Currency Exchange Rate Risk:


Because the Fund invests in securities denominated in, or providing exposure to, non-U.S. currencies and the Fund’s NAV is determined on the basis of U.S. dollars, the U.S. dollar value of your investment in the Fund may go down if the value of the local currency of the non-U.S. markets in which the Fund invests depreciates against the U.S. dollar. Currency exchange rates can be very volatile and can change quickly and unpredictably.


Emerging Markets Risk:


Emerging markets involve risks greater than those generally associated with investing in more developed foreign markets. These less developed markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile.


Equity Securities Risk:


Equity risk is the risk that prices of equity securities rise and fall daily due to factors affecting individual companies, particular industries or the equity market as a whole.


Foreign Investment Risk:


This is the risk associated with adverse political, social and economic developments abroad, different kinds and levels of market and issuer regulations, and the different characteristics of overseas economies and markets.


Investment Risk:


Investors in the Fund could lose money, including the possible loss of the entire principal amount of an investment, over short or even long periods of time.


Management Risk:


The Fund is actively managed and its success depends upon the investment skills and analytical abilities of the investment adviser to develop and effectively implement strategies that achieve the Fund’s investment objective. Subjective decisions made by the investment adviser may cause the Fund to incur losses or to miss profit opportunities on which it may otherwise have capitalized.


Market Risk:


This is the risk that the price of a security will fall due to changing economic, political, regulatory or market conditions, or due to a company’s or issuer’s individual situation.


Medium-Sized Company Risk:


Stocks of medium-sized companies tend to be more volatile and less liquid than stocks of large companies and may trade at prices that reflect incomplete or inaccurate information.


Non-Diversification Risk:


A non-diversified fund may be subject to greater risk than a diversified fund because changes in the financial condition of individual issuers, as well as political, regulatory or economic occurrences affecting such issuers may cause greater fluctuation in the value of a non-diversified fund’s shares.


Shareholder Concentration Risk:


This is the risk that asset allocation decisions, particularly large redemptions, made by an investment adviser whose discretionary clients make up a large percentage of the Fund’s shareholders may adversely impact remaining Fund shareholders.

Risk Lose Money [Text] rr_RiskLoseMoney A shareholder may lose money by investing in the Fund.
Risk Nondiversified Status [Text] rr_RiskNondiversifiedStatus A non-diversified fund may be subject to greater risk than a diversified fund because changes in the financial condition of individual issuers, as well as political, regulatory or economic occurrences affecting such issuers may cause greater fluctuation in the value of a non-diversified fund's shares.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading FUND PERFORMANCE
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

Because the Fund has less than a full calendar year of investment operations, no performance information is presented for the Fund at this time. The Fund is a successor to a private fund of the same name (the “Predecessor Fund”), which also has less than a full calendar year of investment operations. In the future, performance information will be presented in this section of this Prospectus and will include the performance of the Predecessor Fund, adjusted to reflect the Fund’s current fees and expenses, for periods prior to its reorganization into the Fund.

Performance One Year or Less [Text] rr_PerformanceOneYearOrLess Because the Fund has less than a full calendar year of investment operations, no performance information is presented for the Fund at this time.
[1] Other Expenses are based on estimated amounts for the current fiscal year.
XML 19 FilingSummary.xml IDEA: XBRL DOCUMENT 2.4.0.6 Html 3 48 1 true 5 0 false 2 false false R1.htm 000001 - Document - Document and Entity Information Sheet http://bbhtrust.com/20130328/role/DocumentAndEntityInformation Document and Entity Information false true R2.htm 020000 - Document - Risk/Return Summary {Unlabeled} - BBH Global Core Select Class N Shares - BBH Global Core Select (Class N Shares) Sheet http://bbhtrust.com/20130328/role/DocumentRiskReturnSummaryUnlabeledBBHGlobalCoreSelectClassNSharesBBHGlobalCoreSelectClassNShares Risk/Return Summary - BBH Global Core Select Class N Shares - BBH Global Core Select (Class N Shares) false false R6.htm 020004 - Disclosure - Risk/Return Detail Data {Elements} - BBH Global Core Select Class N Shares - BBH Global Core Select (Class N Shares) Sheet http://bbhtrust.com/20130328/role/DisclosureRiskReturnDetailDataElementsBBHGlobalCoreSelectClassNSharesBBHGlobalCoreSelectClassNShares Risk/Return Detail Data - BBH Global Core Select Class N Shares - BBH Global Core Select (Class N Shares) false true R7.htm 020005 - Document - Risk/Return Summary {Unlabeled} - BBH Global Core Select Retail Class Shares - BBH Global Core Select (Retail Class Shares) Sheet http://bbhtrust.com/20130328/role/DocumentRiskReturnSummaryUnlabeledBBHGlobalCoreSelectRetailClassSharesBBHGlobalCoreSelectRetailClassShares Risk/Return Summary - BBH Global Core Select Retail Class Shares - BBH Global Core Select (Retail Class Shares) false false R11.htm 020009 - Disclosure - Risk/Return Detail Data {Elements} - BBH Global Core Select Retail Class Shares - BBH Global Core Select (Retail Class Shares) Sheet http://bbhtrust.com/20130328/role/DisclosureRiskReturnDetailDataElementsBBHGlobalCoreSelectRetailClassSharesBBHGlobalCoreSelectRetailClassShares Risk/Return Detail Data - BBH Global Core Select Retail Class Shares - BBH Global Core Select (Retail Class Shares) false false R12.htm 040000 - Disclosure - Risk/Return Detail Data {Elements} Sheet http://xbrl.sec.gov/rr/role/RiskReturnDetailData Risk/Return Detail Data true false All Reports Book All Reports bbh-20130328.xml bbh-20130328.xsd bbh-20130328_cal.xml bbh-20130328_def.xml bbh-20130328_lab.xml bbh-20130328_pre.xml true true