0001752724-19-001762.txt : 20190114
0001752724-19-001762.hdr.sgml : 20190114
20190114170654
ACCESSION NUMBER: 0001752724-19-001762
CONFORMED SUBMISSION TYPE: N-CEN
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20181031
FILED AS OF DATE: 20190114
DATE AS OF CHANGE: 20190114
EFFECTIVENESS DATE: 20190114
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: BBH Trust
CENTRAL INDEX KEY: 0001342947
IRS NUMBER: 000000000
FISCAL YEAR END: 0630
FILING VALUES:
FORM TYPE: N-CEN
SEC ACT: 1940 Act
SEC FILE NUMBER: 811-21829
FILM NUMBER: 19525594
BUSINESS ADDRESS:
STREET 1: 50 POST OFFICE SQUARE
CITY: BOSTON
STATE: MA
ZIP: 02110
BUSINESS PHONE: 800-575-1265
MAIL ADDRESS:
STREET 1: 140 BROADWAY
CITY: NEW YORK
STATE: NY
ZIP: 10005
0001342947
S000015104
BBH Core Select
0001342947
S000015105
BBH Partner Fund - International Equity
0001342947
S000015110
BBH Limited Duration Fund
0001342947
S000034202
BBH Intermediate Municipal Bond Fund
0001342947
S000039385
BBH Global Core Select
0001342947
S000062218
BBH INCOME FUND
N-CEN
1
primary_doc.xml
X0101
N-CEN
LIVE
0001342947
XXXXXXXX
811-21829
true
false
false
N-1A
S000034202
true
S000039385
true
S000015104
true
S000015105
true
S000062218
true
S000015110
true
BBH Trust
811-21829
0001342947
5493002QM4WBFYUZ3Y95
140 Broadway
NEW YORK
10005-1108
US-NY
US
800-575-1265
BROWN BROTHERS HARRIMAN & CO.
50 POST OFFICE SQUARE
BOSTON
02110-1543
617-772-1818
Books and records
Y
N
N-1A
7
Y
John M. Tesoro
N/A
N
H. Whitney Wagner
N/A
N
Mark M. Collins
N/A
N
John A. Gehret
N/A
Y
Andrew S. Frazier
N/A
N
Susan C. Livingston
N/A
Y
Paul F. Gallagher
N/A
140 Broadway
New York
10005-1108
XXXXXX
N
N
N
N
N
N
N
ALPS Distributors, Inc.
8-34626
000016853
N/A
N
N
Deloitte & Touche, LLP
34
549300FJV7IV1ZHGAV28
N
N
N
N
N
N
N
BBH Intermediate Municipal Bond Fund
S000034202
549300DPCM9UOCN3CJ45
Y
2
0
0
N/A
N
N
N
N
N/A
N/A
N/A
N/A
Y
Y
N
N
Brown Brothers Harriman & Co.
084-06072
000111231
5493006KMX1VFTPYPW14
N
ALPS FUND SERVICES,INC.
084-05730
N/A
N
N
N
Interactive Data Pricing and Reference Data, Inc.
N/A
N
N
BROWN BROTHERS HARRIMAN & CO.
5493006KMX1VFTPYPW14
Y
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
N
BROWN BROTHERS HARRIMAN & CO.
5493006KMX1VFTPYPW14
Y
N
N
BROWN BROTHERS HARRIMAN & CO.
5493006KMX1VFTPYPW14
Y
N
N
0.00000000
BARCLAYS PLC
N/A
N/A
213800LBQA1Y9L22JB70
GB
39658495.37
Morgan Stanley & Co
008-15869
000008209
9R7GPTSO7KV3UQJZQ078
18450614.29
J.P. MORGAN SECURITIES LLC
008-35008
000000079
ZBUT11V806EZRVTWT807
91232466.46
U.S. Bank N.A.
N/A
N/A
6BYL5QZYBDK8S7L73M02
41419712.71
BNY MELLON CAPITAL MARKETS, LLC
008-35255
000017454
VJW2DOOHGDT6PR0ZRO63
43563405.04
STIFEL, NICOLAUS & COMPANY, INCORPORATED
008-01447
000000793
5WUVMA08EYG4KEUPW589
9684679.93
RBC Capital Markets, LLC
008-45411
000031194
549300LCO2FLSSVFFR64
41314007.66
MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
008-07221
000007691
8NAV47T0Y26Q87Y0QP81
13390813.42
National Financial Services LLC
008-26740
000013041
549300JRHF1MHHWUAW04
13295845.28
WELLS FARGO & COMPANY
008-65876
000126292
PBLD0EJDB5FWOLXP3B76
76659009.20
420123797.24
N
120881455.03
0.00000000
N
N
N
N
BBH Core Select
S000015104
549300284OXDRFK8QV42
Y
2
0
0
N/A
Y
N
N
N
N/A
N/A
N/A
N/A
Y
Y
N
N
Brown Brothers Harriman & Co.
084-06072
000111231
5493006KMX1VFTPYPW14
N
ALPS FUND SERVICES,INC.
084-05730
N/A
N
N
N
Interactive Data Pricing and Reference Data, Inc.
N/A
N
Thompson Reuters Pricing Service
N/A
N
N
BROWN BROTHERS HARRIMAN & CO.
5493006KMX1VFTPYPW14
Y
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
N
BROWN BROTHERS HARRIMAN & CO.
5493006KMX1VFTPYPW14
Y
N
N
BROWN BROTHERS HARRIMAN & CO.
5493006KMX1VFTPYPW14
Y
N
N
DEUTSCHE BANK SECURITIES INC.
008-17822
000002525
9J6MBOOO7BECTDTUZW19
6100.10
Jefferies LLC
008-15074
000002347
58PU97L1C0WSRCWADL48
1162.88
J.P. MORGAN SECURITIES LLC
008-35008
000000079
ZBUT11V806EZRVTWT807
15368.98000000
STIFEL, NICOLAUS & COMPANY, INCORPORATED
008-01447
000000793
5WUVMA08EYG4KEUPW589
11455.00000000
Goldman Sachs Group Inc.
008-00129
000000361
784F5XWPLTWKTBV3E584
27091.70000000
Morgan Stanley & Co
008-15869
000008209
9R7GPTSO7KV3UQJZQ078
3800.00000000
BARCLAYS PLC
N/A
N/A
213800LBQA1Y9L22JB70
GB
102555.14000000
Sanford C. Bernstein & Co.
008-52942
000104474
54930017JYZHT7D5CO04
149309.50000000
ITG Inc.
008-44218
000029299
549300S41SMIODVIT266
234412.40000000
MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
008-07221
000007691
8NAV47T0Y26Q87Y0QP81
8991.22
560246.92000000
National Australia Bank LTD
N/A
N/A
F8SB4JFBSYQFRQEH3Z21
AU
29219300000.00000000
BARCLAYS PLC
N/A
N/A
213800LBQA1Y9L22JB70
GB
124723980.91
BNY MELLON CAPITAL MARKETS, LLC
008-35255
000017454
VJW2DOOHGDT6PR0ZRO63
189447585.42
BNP Paribas Securities Corp.
008-32682
000015794
RCNB6OTYUAMMP879YW96
81000000.00000000
MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
008-07221
000007691
8NAV47T0Y26Q87Y0QP81
99883430.56
29714354996.89
N
2356731174.46
0.00000000
N
N
N
N
BBH Global Core Select
S000039385
54930081T05JYZSQGQ57
Y
2
0
0
N/A
Y
N
N
N
N/A
N/A
N/A
N/A
Y
Y
N
N
Brown Brothers Harriman & Co.
084-06072
000111231
5493006KMX1VFTPYPW14
N
ALPS FUND SERVICES,INC.
084-05730
N/A
N
N
N
Thompson Reuters Pricing Service
N/A
N
Interactive Data Pricing and Reference Data, Inc.
N/A
N
N
DEUTSCHE BANK AG, FRANKFURT
391200PPRQXVYQZHO064
DE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
BNP Paribas Securities Services, Milan
213800EJXH7X98P5M713
IT
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
HSBC BANK AUSTRALIA LIMITED
DY9DBNI4W8J63Z298033
AU
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
SKANDINAVISKA ENSKILDA BANKEN AB (PUBL)
F3JS33DE16XQ4ZBPTN86
SE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
NORDEA BANK NORGE ASA
529900ODSMKVDX83E373
NO
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
HSBC BANK PLC
MP6I5ZYZBEU3UXPYFY54
GB
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
DBS BANK LTD
ATUEL7OJR5057F2PV266
SG
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
CREDIT SUISSE (SWITZERLAND) LTD.
549300CWR0W0BCS9Q144
CH
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
RBC INVESTOR SERVICES TRUST
5493002MUOV04NSPT571
CA
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
BANCO NACIONAL DE MEXICO, S.A. (BANAMEX)
2SFFM4FUIE05S37WFU55
MX
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
BROWN BROTHERS HARRIMAN & CO.
5493006KMX1VFTPYPW14
Y
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
DEUTCHE BANK AG, AMSTERDAM BRANCH
7LTWFZYICNSX8D621K86
NL
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibank N.A., Sao Paulo
E57ODZWZ7FF32TWEFA76
BR
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
CITIBANK, N.A., LONDON BRANCH
549300K7L8YW8M215U46
IE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
CACEIS BANK FRANCE
96950023SCR9X9F3L662
FR
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
BNP PARIBAS SECURITIES SERVICES
549300WCGB70D06XZS54
BE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
N
BROWN BROTHERS HARRIMAN & CO.
5493006KMX1VFTPYPW14
Y
N
N
BROWN BROTHERS HARRIMAN & CO.
5493006KMX1VFTPYPW14
Y
N
N
J.P. MORGAN SECURITIES LLC
008-35008
000000079
ZBUT11V806EZRVTWT807
4060.17
BARCLAYS PLC
N/A
N/A
213800LBQA1Y9L22JB70
GB
30172.20
Morgan Stanley & Co
008-15869
000008209
9R7GPTSO7KV3UQJZQ078
233.00000000
SANFORD C. BERNSTEIN & CO., LLC
008-52942
000104474
549300I7JYZHT7D5CO04
15280.14
ITG Inc.
008-44218
000029299
549300S41SMIODVIT266
6362.76
Jefferies LLC
008-15074
000002347
58PU97L1C0WSRCWADL48
9387.43
Goldman Sachs Group Inc.
008-00129
000000361
784F5XWPLTWKTBV3E584
225.00000000
65720.70
BROWN BROTHERS HARRIMAN & CO.
008-69731
000111231
5493006KMX1VFTPYPW14
1473100000.00000000
DEUTSCHE BANK SECURITIES INC.
008-17822
000002525
9J6MBOOO7BECTDTUZW19
5977022.50
BNY MELLON CAPITAL MARKETS, LLC
008-35255
000017454
VJW2DOOHGDT6PR0ZRO63
5981850.00000000
1485058872.50
N
128268565.30
0.00000000
N
N
N
N
BBH Limited Duration Fund
S000015110
549300GDZGAO1AE3NJ34
Y
2
0
0
N/A
N
N
N
N
N/A
N/A
N/A
N/A
Y
Y
N
N
Brown Brothers Harriman & Co.
084-06072
000111231
5493006KMX1VFTPYPW14
N
ALPS FUND SERVICES, INC.
084-05730
N/A
N
N
N
Bloomberg Professional Services
N/A
N/A
N
IHS Markit Group Holdings Limited
2138005LTLTVZ4WMEX25
N/A
GB
N
Thompson Reuters Pricing Service
N/A
N/A
N
Interactive Data Pricing and Reference Data, Inc.
N/A
N/A
N
N
THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.
C3GTMMZIHMY46P4OIX74
JP
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
HONGKONG AND SHANGHAI BANKING CORP. (HSBC) LTD.
213800NHDWIZK05KIH05
NZ
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Banco Nacional De Mexico
4469000001BSHR8NYU62
MX
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
HSBC BANK LIMITED (China)
2CZOJRADNJXBLT55G526
CN
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
HSBC Bank PLC
MP615ZYZBEU3UXPYFY54
GB
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
BROWN BROTHERS HARRIMAN & CO.
5493006KMX1VFTPYPW14
Y
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
STANDARD CHARTERED BANK JOHANNESBURG BRANCH
RILFO74KP1CM8P6PCT96
ZA
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
UNICREDIT BANK AUSTRIA AG
967600LZAE56Z02W8K87
AT
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
BNP PARIBAS SECURITIES SERVICES
549300WCGB70D06XZS54
BE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
HONG KONG AND SHANGHAI BANKING CORP LTD.
2HI3YI5320L3RW6NJ957
TH
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
UNICREDIT BANK HUNGARY ZRT
Y28RT6GGYJ696PMW8T44
HU
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
DBS Bank Ltd.
ATUEL70JR5057F2PV266
SG
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
CITIBANK EUROPE PLC, POBOCKA ZAHRANICNEJ
N1FBEDJ5J41VKZLO2475
SK
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
CITIBANK, N.A., JAKARTA BRANCH
5493000QY2EN4QDHTJ68
ID
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
BANCO DE CHILE
8B4EZFY8IHJC44TT2K84
CL
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
DEUTSCHE BANK AG, FRANKFURT
DZZ47B9A52ZJ6LT6VV95
DE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
LANDSBANKINN HF.
549300TLZPT6JELDWM92
IS
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
SKANDINAVISKA ENSKILDA BANKEN AB (PUBL) Sweden
F3JS33DE16XQ4ZBPTN86
SE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
NORDEA BANK FINLAND PLC
743700JBWDX60VWDB519
FI
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
CITIBANK, N.A. BUENOS AIRES BRANCH
579100KKDGKCFFKKF093
AR
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
BANK HAPOALIM BM
B6ARUI4946ST4S7WOU88
IL
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
SKANDINAVISKA ENSKILDA BANKEN AB (PUBL) Denmark
549300J01URGRN3P8P53
DK
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
CITIBANK EUROPE PLC, ORGANIZACNI SLOZKA
259400F7LJGPETMT4B29
CZ
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
STANDARD CHARTERED BANK (HONG KONG) LTD
549300ZCWR264GEMFI84
HK
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
STANDARD CHARTERED BANK (TAIWAN) LTD
549300QJEO1B92LSHZ06
TW
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
CREDIT SUISSE (SWITZERLAND) LTD.
549300CWR0W0BCS9Q144
CH
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibank NA, Sao Paulo
1P0UUG7LC1S92QTNHG39
BR
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
CITIBANK ANONIM SIRKETI
CWZ8NZDH5SKY12Q4US31
TR
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
CACEIS BANK FRANCE
96950023SCR9X9F3L662
FR
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
HONGKONG AND SHANGHAI BANKING CORP. (HSBC) LTD.
5493007R03ET9XE50N08
PH
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
NORDEA BANK APB, FILIAL I NORGE
529900ODI3047E2LIV03
NO
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
N
BROWN BROTHERS HARRIMAN & CO.
5493006KMX1VFTPYPW14
Y
N
N
BROWN BROTHERS HARRIMAN & CO.
5493006KMX1VFTPYPW14
Y
N
N
0.00000000
Morgan Stanley & Co
008-15869
000008209
9R7GPTSO7KV3UQJZQ078
1276903401.79
Citigroup Inc.
008-08177
000007059
6SHGI4ZSSLCXXQSBB395
1454383983.91
MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
008-07221
000007691
8NAV47T0Y26Q87Y0QP81
14946308324.49
BARCLAYS PLC
N/A
N/A
213800LBQA1Y9L22JB70
GB
12029372179.59
WELLS FARGO & COMPANY
008-65876
000126292
PBLD0EJDB5FWOLXP3B76
463504204.68
J.P. MORGAN SECURITIES LLC
008-35008
000000079
ZBUT11V806EZRVTWT807
1756804242.51
CREDIT SUISSE SECURITIES (USA) LLC
008-00422
000000816
1V8Y6QCX6YMJ2OELII46
250657949.52
Goldman Sachs Group Inc.
008-00129
000000361
784F5XWPLTWKTBV3E584
692677543.76
DEUTSCHE BANK SECURITIES INC.
008-17822
000002525
9J6MBOOO7BECTDTUZW19
260463140.17
BNY MELLON CAPITAL MARKETS, LLC
008-35255
000017454
VJW2DOOHGDT6PR0ZRO63
1279510262.73
35457928273.16
N
6531430668.75
0.00000000
N
N
N
N
BBH Income Fund
S000062218
549300ZKXJXVR6XM1291
Y
1
0
0
N/A
N
N
N
N
N/A
N/A
N/A
N/A
Y
Y
N
N
Brown Brothers Harriman & Co.
084-06072
000111231
5493006KMX1VFTPYPW14
2018-06-27
ALPS FUND SERVICES,INC.
084-05730
N/A
N
N
N
Thompson Reuters Pricing Service
N/A
N/A
N
IHS Markit Group Holdings Limited
2138005LTLTVZ4WMEX25
N/A
GB
N
Interactive Data Pricing and Reference Data, Inc.
N/A
N/A
N
N
SKANDINAVISKA ENSKILDA BANKEN AB (PUBL) Denmark
549300J01URGRN3P8P53
DK
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
SKANDINAVISKA ENSKILDA BANKEN AB (PUBL) Sweden
F3JS33DE16XQ4ZBPTN86
SE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
CITIBANK EUROPE PLC, ORGANIZACNI SLOZKA
259400F7LJGPETMT4B29
CZ
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
DBS BANK LTD (Singapore)
ATUEL7OJR5057F2PV266
SG
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
UNICREDIT BANK AUSTRIA AG
967600LZAE56Z02W8K87
AT
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
HSBC BANK PLC (UK)
MP6I5ZYZBEU3UXPYFY54
GB
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
STANDARD CHARTERED BANK JOHANNESBURG BRANCH
549300P6FEY6O2LJ4X93
ZA
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
MIZUHO BANK LTD
RB0PEZSDGCO3JS6CEU02
JP
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
CITIBANK EUROPE PLC, POBOCKA ZAHRANICNEJ
N1FBEDJ5J41VKZLO2475
SK
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
STANDARD CHARTERED BANK (HONG KONG) LTD
549300ZCWR264GEMFI84
HK
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
CREDIT SUISSE (SWITZERLAND) LTD.
549300CWR0W0BCS9Q144
CH
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
BANCO NACIONAL DE MEXICO, S.A. (BANAMEX)
2SFFM4FUIE05S37WFU55
MX
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
HONGKONG AND SHANGHAI BANKING CORP. LTD. (HSBC)
213800NHDWIZK05KIH05
NZ
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
NORDEA BANK FINLAND PLC
743700JBWDX60VWDB519
FI
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
CACEIS BANK FRANCE
96950023SCR9X9F3L662
FR
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
DEUTSCHE BANK AG, FRANKFURT
391200PPRQXVYQZHO064
DE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
BNP PARIBAS SECURITIES SERVICES (Belgium)
549300WCGB70D06XZS54
FR
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
HONGKONG AND SHANGHAI BANKING CORP. (HSBC) LTD.
5493007R03ET9XE50N08
PH
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
BROWN BROTHERS HARRIMAN & CO.
5493006KMX1VFTPYPW14
Y
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
NORDEA BANK NORGE ASA
529900ODSMKVDX83E373
NO
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
N
BROWN BROTHERS HARRIMAN & CO.
5493006KMX1VFTPYPW14
N/A
Y
N
N
BROWN BROTHERS HARRIMAN & CO.
5493006KMX1VFTPYPW14
N/A
Y
N
N
0.00000000
Goldman Sachs Group Inc.
008-00129
000000361
784F5XWPLTWKTBV3E584
41915779.98
BNY MELLON CAPITAL MARKETS, LLC
008-35255
000017454
VJW2DOOHGDT6PR0ZRO63
34715146.44
Morgan Stanley & Co
008-15869
000008209
9R7GPTSO7KV3UQJZQ078
70470195.69
BARCLAYS PLC
N/A
N/A
213800LBQA1Y9L22JB70
GB
397850023.14
J.P. MORGAN SECURITIES LLC
008-35008
000000079
ZBUT11V806EZRVTWT807
49014946.33
WELLS FARGO & COMPANY
008-65876
000126292
PBLD0EJDB5FWOLXP3B76
9712509.21
DEUTSCHE BANK SECURITIES INC.
008-17822
000002525
9J6MBOOO7BECTDTUZW19
10090164.00
MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
008-07221
000007691
8NAV47T0Y26Q87Y0QP81
56075166.98
Citigroup Inc.
008-08177
000007059
6SHGI4ZSSLCXXQSBB395
34623241.37
HSBC SECURITIES (USA) INC.
008-41562
000019585
CYYGQCGNHMHPSMRL3R97
18254894.61
754001813.96
N
83166185.10
0.00000000
N
N
N
N
BBH Partner Fund - International Equity
S000015105
5493003KO8Z8GKWQYO55
Y
1
0
0
N/A
N
N
N
N
N/A
N/A
N/A
N/A
N
N
N
N
Brown Brothers Harriman & Co.
084-06072
000111231
5493006KMX1VFTPYPW14
N
Select Equity Group, LP
N/A
000168496
549300O284JEWQHKWW02
N
N
ALPS FUND SERVICES,INC.
084-05730
N/A
N
N
N
Thompson Reuters Pricing Service
N/A
N/A
N
N
HSBC BANK PLC (UK)
MP6I5ZYZBEU3UXPYFY54
GB
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
CITIBANK Korea Inc.
745P3MMS7E8CUVXDRJ82
KR
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
DEUTSCHE BANK AG, Amsterdam
7LTWFZYICNSX8D621K86
NL
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
CREDIT SUISSE (SWITZERLAND) LTD.
549300CWR0W0BCS9Q144
CH
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
STANDARD CHARTERED BANK (TAIWAN) LTD
549300QJEO1B92LSHZ06
TW
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
UNICREDIT BANK AUSTRIA AG
967600LZAE56Z02W8K87
AT
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
NORDEA BANK FINLAND PLC
743700JBWDX60VWDB519
FI
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
BNP PARIBAS SECURITIES SERVICES (Belgium)
7LTWFZYICNSX8D621K86
BE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
STANDARD CHARTERED BANK JOHANNESBURG BRANCH
549300P6FEY6O2LJ4X93
ZA
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
SKANDINAVISKA ENSKILDA BANKEN AB (PUBL) Sweden
F3JS33DE16XQ4ZBPTN86
SE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
BANCO BILBAO VIZCAYA ARGENTARIA SA
K8MS7FD7N5Z2WQ51AZ71
ES
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
SKANDINAVISKA ENSKILDA BANKEN AB (PUBL) Denmark
549300J01URGRN3P8P53
DK
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
MIZUHO BANK LTD
RB0PEZSDGCO3JS6CEU02
JP
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
CACEIS BANK FRANCE
96950023SCR9X9F3L662
FR
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
BANK HAPOALIM BM
B6ARUI4946ST4S7WOU88
IL
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
BROWN BROTHERS HARRIMAN & CO.
5493006KMX1VFTPYPW14
Y
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
DBS BANK LTD (Singapore)
ATUEL7OJR5057F2PV266
SG
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
BNP PARIBAS SECURITIES SERVICES, MILAN BRANCH
213800EJXH7X98P5M713
IT
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
HONGKONG AND SHANGHAI BANKING CORP. LTD. (HSBC)
213800NHDWIZK05KIH05
NZ
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
STANDARD CHARTERED BANK (HONG KONG) LTD
549300ZCWR264GEMFI84
HK
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
BNP PARIBAS SECURITIES SERVICES,FRANKFURT
549300TS3U4JKMR1B479
DE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
CITIBANK, N.A., LONDON BRANCH
549300K7L8YW8M215U46
IE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
HSBC BANK AUSTRALIA LIMITED
DY9DBNI4W8J63Z298033
AU
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
NORDEA BANK NORGE ASA
529900ODSMKVDX83E373
NO
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
N
BROWN BROTHERS HARRIMAN & CO.
5493006KMX1VFTPYPW14
N/A
Y
N
N
BROWN BROTHERS HARRIMAN & CO.
5493006KMX1VFTPYPW14
N/A
Y
N
N
Jefferies LLC
008-15074
000002347
58PU97L1C0WSRCWADL48
72536.43
MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
008-07221
000007691
8NAV47T0Y26Q87Y0QP81
112896.27
INSTINET, LLC
008-23669
000007897
549300MGMN3RKMU8FT57
185233.92
CREDIT LYONNAIS
N/A
N/A
9695009F5UPB9IITI298
FR
76837.94
BNY MELLON CAPITAL MARKETS, LLC
008-35255
000017454
VJW2DOOHGDT6PR0ZRO63
80103.22
Morgan Stanley & Co
008-15869
000008209
9R7GPTSO7KV3UQJZQ078
135651.70
Caceis Bank
N/A
N/A
96950023SCR9X9F3L662
FR
71034.20
ITG Inc.
008-44218
000029299
549300S41SMIODVIT266
142083.70
J.P. MORGAN SECURITIES LLC
008-35008
000000079
ZBUT11V806EZRVTWT807
87204.20
CREDIT SUISSE SECURITIES (USA) LLC
008-00422
000000816
1V8Y6QCX6YMJ2OELII46
69134.71
1662222.98
BROWN BROTHERS HARRIMAN & CO.
008-69731
000111231
5493006KMX1VFTPYPW14
1277700000.00000000
1277700000.00000000
N
1517908037.75
0.00000000
N
N
N
N
false
false
true
false
false
false
INTERNAL CONTROL RPT
2
BBH_Trust_controlltr.txt
AUDITOR'S LETTER
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Trustees of the BBH Trust and Shareholders of BBH Core Select, BBH
Limited Duration Fund, BBH Partner Fund - International Equity Fund, BBH
Global Core Select, BBH Intermediate Municipal Bond Fund, and BBH Income Fund:
In planning and performing our audits of the financial statements of BBH Core
Select, BBH Limited Duration Fund, BBH Partner Fund - International Equity
Fund, BBH Global Core Select, BBH Intermediate Municipal Bond Fund, and BBH
Income Fund, each a series of the BBH Trust (the "Trust"), as of and for the
year ended October 31, 2018, in accordance with the standards of the Public
Company Accounting Oversight Board (United States) (PCAOB), we considered the
Trust's internal control over financial reporting, including controls over
safeguarding securities, as a basis for designing our auditing procedures for
the purpose of expressing our opinion on the financial statements and to
comply with the requirements of Form N-CEN, but not for the purpose of
expressing an opinion on the effectiveness of the Trust's internal control
over financial reporting. Accordingly, we express no such opinion.
The management of the Trust is responsible for establishing and maintaining
effective internal control over financial reporting. In fulfilling this
responsibility, estimates and judgments by management are required to assess
the expected benefits and related costs of controls. A trust's internal
control over financial reporting is a process designed to provide reasonable
assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in accordance with
generally accepted accounting principles. A trust's internal control over
financial reporting includes those policies and procedures that (1) pertain
to the maintenance of records that, in reasonable detail, accurately and
fairly reflect the transactions and dispositions of the assets of the trust;
(2) provide reasonable assurance that transactions are recorded as necessary
to permit preparation of financial statements in accordance with generally
accepted accounting principles, and that receipts and expenditures of the
trust are being made only in accordance with authorizations of management
and trustees of the trust; and (3) provide reasonable assurance regarding
prevention or timely detection of unauthorized acquisition, use, or
disposition of a trust's assets that could have a material effect on the
financial statements.
Because of its inherent limitations, internal control over financial
reporting may not prevent or detect misstatements. Also, projections of any
evaluation of effectiveness to future periods are subject to the risk that
controls may become inadequate because of changes in conditions, or that
the degree of compliance with the policies or procedures may deteriorate.
A deficiency in internal control over financial reporting exists when the
design or operation of a control does not allow management or employees, in
the normal course of performing their assigned functions, to prevent or
detect misstatements on a timely basis. A material weakness is a deficiency,
or a combination of deficiencies, in internal control over financial
reporting, such that there is a reasonable possibility that a material
misstatement of the trust's annual or interim financial statements will not
be prevented or detected on a timely basis.
Our consideration of the Trust's internal control over financial reporting
was for the limited purpose described in the first paragraph and would not
necessarily disclose all deficiencies in internal control that might be
material weaknesses under standards established by the PCAOB. However, we
noted no deficiencies in the Trust's internal control over financial
reporting and its operation, including controls for safeguarding securities
that we consider to be a material weakness, as defined above, as of
October 31, 2018.
This report is intended solely for the information and use of management
and the Trustees of the BBH Trust and the Securities and Exchange Commission
and is not intended to be and should not be used by anyone other than
these specified parties.
/s/ DELOITTE & TOUCHE LLP
Boston, Massachusetts
December 21, 2018