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. 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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