The next fund, BBH Core Select N, is managed by one of the oldest and largest private bank in US, Brown Brothers Harriman. BBH Core Select also received variety of awards such as Lipper Fund Award 2010 (Large Cap core fund), Morningstar five stars rating, and Kiplinger’s 25 best funds. This fund invest primarily in large cap companies (i.e. Companies have a market capitalization of $5 billion or higher). Rule of thumb investing in large cap fund is to invest about 20-30% of total investment asset in this large cap fund for portfolio diversification.
BBH Core Select Fund
The investment in BBH Core Select fund is looking for long term capital growth based on after-tax basis. This BBH fund net assets investment is normally invested in domestic or foreign publicly traded equity securities. It invests in the direct securities or in the form of depository receipts representing an interest in these securities. This non-diversified fund normally invests in the companies that have market capitalizations greater than $5 billion. The fund manager usually invests in companies based on business attributes, management attributes, and financial attributes (more details on BBH funds website).
BBTEX Fund Details
 |
| BBH Core Select Fund details |
- Fund Inception Date: November 1998
- Ticker Symbol: BBTEX
- CUSIP: 05528X604
- Net Assets: $597 million
- Beta (3yr): 0.82
- Rank in category (YTD): 32
- Year to Date Return: 9.28%
- Category: Large Blend
- Yield: 0.50%
- Capital Gains: N/A
- Number of Years Up: 8 years
- Number of Years Down: 4 years
- Turnover rate: 19%
As of March 31, 2011, the equity weighting of this large blend US fund are 95.86% in common stocks and 4.14% in cash& cash equivalents. This fund is managed by Richard H. Witmer since October 2005. This BBTEX fund has 1.11% annual expense ratio. There is no 12b1 fee and no sales load. If you are interested to invest in this fund, the minimum investment for brokerage account is $10,000. This fund requires the same minimum subsequent investment as the first opening balance. This fund may not be available in IRA account.
Large Blend Fund
BBTEX fund has experienced 8 years in the positive performance, with its best performance in 1999 with 25.11% total return and 4 years in the negative performance, with its worst performance in 2002 with -23.86%. The year-to-date return of this fund is 4.26%. The fund has returned 12.96% over the past one year and 6.68% over the past five years. BBTEX fund can be purchased from 31 brokerages, such as Schwab Institutional, JP Morgan, Firstrade, Schwab Retail, Ameriprise Brokerage, TD Ameritrade Retail, Scottrade TF, etc. BBH Core Select N (Ticker: BBTEX)
As April 2011, the top 10 holdings of this fund represent approximately 45.8% of total net assets. They are Berkshire Hathaway Inc (5.99%), Nestle S.A. ADR (5.44%), Waste Management Inc (4.97%), Baxter International Inc (4.49%), Comcast (4.43%), US Bancorp (4.31%), Wal-Mart Stores Inc. (4.13%), Visa Inc. (4.13%), Novartis AG ADR (3.99%) and Diageo PLC ADR (3.96%). The fund asset is allocated as follow domestic equities (83.26%), foreign equities (13.44%), and cash (3.3%). The top 6 sectors in this BBTEX fund include consumer defensive (24.49%), financial services (24.13%), health care (13.99%), industrials (11.34%), energy (9.99%), and communication services (7.4%).
Investing in stock fund involves principal risks:
Other Best US Stock Funds:
Investing in stock fund involves principal risks:
- Diversification risk: Since this is a “non-diversifid” fund, this fund may be more volatile than any diversified fund
- Investment risk: Any investment in mutual fund involves risk depend on market condition
- Market Risk: Changing in economic, political, regulatory, company’s individual situation can increase the risk
- Tax management risk
- Foreign investment risk
Other Best US Stock Funds:
