BBH U.S. Government Money Market Fund Institutional Shares BBSXX Strategy

The investment seeks to provide investors with as high a level of income as is consistent with the preservation of capital and the maintenance of liquidity. The fund invests at least 99.5% of its total assets in cash and short-term U.S. Treasury securities and securities issued by U.S. government agencies or government-sponsored enterprises and repurchase agreements fully collateralized by such instruments. The fund's investment adviser seeks to maximize current income within the limits of the fund's credit, maturity and diversification policies.