BBH FUNDS Launches New Class A Shares for the BBH Inflation-Indexed Securities Fund and Website Dedicated to TIPS.Business Editors NEW YORK--(BUSINESS WIRE)--March 20, 2003 New share class facilitates greater intermediary fund distribution; website serves as education center for inflation-indexed assets Brown Brothers Harriman announces the launch of Class A shares for the BBH BBH Brown Brothers Harriman (investment bank) BBH Bartle, Bogle, Hegarty (advertising agency) BBH Bouncing Busy Hour BBH Blueback Herring (FAO fish species code) Inflation-Indexed Securities Inflation-indexed securities Securities such as bonds or notes that guarantee a return higher than the rate of inflation if the security is held to maturity. Fund (Ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors : BBIAX) and a new website, www.tipsfund.com, dedicated to providing investors information about Treasury Inflation-Indexed Securities Treasury Inflation-Indexed Securities (TIIS) Refers to a broad range of U.S. Treasury securities that are inflation indexed. The most popular are the TIPS. The index for measuring the inflation rate is the non-seasonally adjusted U.S. (TIIS TIIS See: Treasury inflation-indexed securities , commonly referred to as 'TIPS'). The new Class A shares are designed to expand the availability of the BBH Inflation-Indexed Securities Fund to additional distribution channels, including wrap accounts, broker-dealer networks and employee defined-contribution plans. The BBH Inflation-Indexed Securities Fund invests primarily in securities that are structured to provide protection against inflation. Unlike traditional notes and bonds, which pay a stated rate of interest in dollars and are redeemed at their par amounts, IIS (Internet Information Services) Microsoft's Web server. IIS runs under the server versions of Windows, adding HTTP server capability to the Windows operating system. have regular adjustments to their interest payments and redemption value to compensate for the loss of purchasing power Purchasing Power 1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. 2. from inflation. Charles O. Izard Iz´ard n. 1. (Zool.) A variety of the chamois found in the Pyrenees. , President of BBH Funds notes, "Recognition of Treasury Inflation-Indexed Securities as a unique asset class has grown substantially since the launch of the TIPS program in 1997. By expanding availability of the fund with our new Class A shares coincident with the launch of our tipsfund.com site, BBH continues to maintain a prominent role in the industry as a thought leader on TIPS." Additional information about BBH Funds can now be directly accessed through (www.bbhfunds.com). This site offers profiles and prospectuses for each fund. Investors should read the prospectus carefully before investing. To obtain a recent prospectus containing more complete information please contact the BBH Funds Information Service, Brown Brothers Harriman, 140 Broadway, New York, NY 10005 (800)-625-5759. Investments in the BBH Inflation-Indexed Securities Fund are neither insured nor guaranteed by the U.S. Government. Shares of the Fund are not deposits or obligations of, or guaranteed by, Brown Brothers Harriman or any other bank, and the shares are not insured by the Federal Deposit Insurance Corporation Federal Deposit Insurance Corporation (FDIC), an independent U.S. federal executive agency designed to promote public confidence in banks and to provide insurance coverage for bank deposits up to $100,000. , the Federal Reserve Board or any other federal, state or other governmental agency. The BBH Fund Family is managed by Brown Brothers Harriman. Shares of the fund are distributed by Edgewood Services, Inc. About BBH Brown Brothers Harriman (BBH) is a privately held partnership that employs 2,900, and maintains offices and subsidiaries in nine states and seven countries worldwide. BBH is a full-service institution that offers exceptional investment management, commercial banking, global custody, merger and acquisition advisory, foreign exchange and equity brokerage for institutions, as well as private equity investing. For more information on BBH's unique integrated approach, please visit www.bbh.com. |
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