BBH Broad Market Fund lowers advisory fee for assets over $1 billion

By Toni Weeks

San Diego, Jan. 5 - BBH Broad Market Fund announced in a 497 filing with the Securities and Exchange Commission a change to its advisory and administrative services fee.

The change affects class N and class I shares of the fund and is effective Jan. 1.

New York-based Brown Brothers Harriman & Co., the fund's investment adviser, will now receive a combined fee, which is computed daily and payable monthly, of 0.3% for the first $1 billion and 0.25% for amounts over $1 billion of the average daily net assets of the fund.

Previously, the fee was 0.3% of the average daily net assets of the fund, regardless of the asset level.

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