# EDGAR Filing Document

**Accession Number:** 0001342947
**File Stem:** 0001003715-26-001083
**Filing Date:** 2026-3
**Character Count:** 44776
**Document Hash:** 564886c47fac61bd90fa60f45f7a1e2d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001003715-26-001083.hdr.sgml**: 20260330

**ACCESSION NUMBER**: 0001003715-26-001083

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260330

**DATE AS OF CHANGE**: 20260330

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BBH Trust
- **CENTRAL INDEX KEY:** 0001342947

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21829
- **FILM NUMBER:** 26811949

**BUSINESS ADDRESS:**
- **STREET 1:** 140 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10005
- **BUSINESS PHONE:** 800-575-1265

**MAIL ADDRESS:**
- **STREET 1:** 140 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10005

## Series and Classes Contracts Data

### BBH Partner Fund - International Equity (Series ID: S000015105)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000041206 | Class I Shares | BBHLX           |

## Nport-Ex

**BBH Partner Fund - International Equity**

**Portfolio of Investments <br> January 31, 2026 (unaudited)**

---

| | | |
|:---|:---|:---|
| Shares/<br> Units |  | Value |
|  | **Common Stock (96.4%)** |  |
|  | **Canada (4.9%)** |  |
|  | Financials |  |
| 177031 | Brookfield Corp. | $8104373 |
|  | Industrials |  |
| 519442 | Canadian Pacific Kansas City, Ltd. | 38778566 |
|  | Information Technology |  |
| 12520 | Constellation Software, Inc. | 23204823 |
| 85659 | Shopify, Inc. (Class A)<sup>1</sup> | 11241031 |
|  |  | 34445854 |
|  | Materials |  |
| 194700 | Franco-Nevada Corp. | 45771050 |
|  | **Total Canada** | **127099843** |
|  | **Denmark (4.5%)** |  |
|  | Health Care |  |
| 143540 | Coloplast A/S (Class B) | 12284293 |
|  | Industrials |  |
| 195634 | DSV AIS | 55193599 |
| 1595171 | Vestas Wind Systems A/S. | 48769207 |
|  |  | 103962806 |
|  | **Total Denmark** | **116247099** |
|  | **France (13.5%)** |  |
|  | Consumer Discretionary |  |
| 63726 | LVMH Moet Hennessy Louis Vuitton SE | 41257950 |
|  | Health Care |  |
| 86556 | EssilorLuxottica S.A. | 26563925 |
| 161345 | Sartorius Stedim Biotech | 36290735 |
|  |  | 62854660 |
|  | Industrials |  |
| 500082 | Cie de Saint-Gobain S.A. | 49620781 |
| 166262 | Safran S.A. | 59373101 |
| 191277 | Schneider Electric SE | 54700478 |
| 271904 | Thales S.A. | 82713019 |
|  |  | 246407379 |
|  | **Total France** | **350519989** |
|  | **Germany (6.5%)** |  |
|  | Financials |  |
| 129105 | Deutsche Boerse AG | 32752910 |

---

**BBH Partner Fund - International Equity**

**Portfolio of Investments (continued) <br> January 31, 2026 (unaudited)**

---

| | | |
|:---|:---|:---|
| Shares/ <br> Units |  | Value |
|  | **Common Stock (continued)** |  |
|  | **Germany (continued)** |  |
|  | Health Care |  |
| 743370 | Siemens Healthineers AG<sup>2</sup> | $37234486 |
|  | Industrials |  |
| 16675 | Rheinmetall AG | 35294038 |
| 88575 | Siemens AG | 26970421 |
|  |  | 62264459 |
|  | Information Technology |  |
| 175753 | SAP SE | 35619073 |
|  | **Total Germany** | **167870928** |
|  | **Hong Kong (0.5%)** |  |
|  | Financials |  |
| 1135780 | AIA Group, Ltd. | 13120129 |
|  | **Total Hong Kong** | **13120129** |
|  | **India (2.6%)** |  |
|  | Financials |  |
| 978700 | HDFC Bank, Ltd. ADR | 31690306 |
|  | Information Technology |  |
| 2097988 | Infosys, Ltd. ADR | 36882629 |
|  | **Total India** | **68572935** |
|  | **Ireland (7.2%)** |  |
|  | Health Care |  |
| 179848 | ICON, Plc. ADR<sup>1</sup> | 32417602 |
|  | Industrials |  |
| 635100 | Ryanair Holdings, Plc. ADR | 44838060 |
|  | Materials |  |
| 609818 | CRH, Plc. | 74647821 |
| 806390 | Smurfit WestRock, Plc | 33506322 |
|  |  | 108154143 |
|  | **Total Ireland** | **185409805** |
|  | **Japan (16.8%)** |  |
|  | Consumer Discretionary |  |
| 2653800 | Suzuki Motor Corp. | 36498110 |
|  | Health Care |  |
| 25765 | Eisai Co., Ltd. | 721142 |
| 310882 | Hoya Corp. | 52432284 |
|  |  | 53153426 |

---

**BBH Partner Fund - International Equity**

**Portfolio of Investments (continued) <br> January 31, 2026 (unaudited)**

---

| | | |
|:---|:---|:---|
| Shares/ <br> Units |  | Value |
|  | **Common Stock (continued)** |  |
|  | **Japan (continued)** |  |
|  | Industrials |  |
| 1074035 | Komatsu, Ltd. | $41339943 |
| 749000 | Recruit Holdings Co., Ltd. | 39769393 |
|  |  | 81109336 |
|  | Information Technology |  |
| 170465 | Advantest Corp. | 28045777 |
| 231816 | Keyence Corp. | 84929629 |
| 865885 | Nomura Research Institute, Ltd. | 26549778 |
| 1273648 | Obic Co., Ltd. | 35457417 |
| 326922 | Tokyo Electron, Ltd. | 87826202 |
|  |  | 262808803 |
|  | **Total Japan** | **433569675** |
|  | **Jersey (0.9%)** |  |
|  | Industrials |  |
| 652003 | Experian, Plc. | 24588761 |
|  | **Total Jersey**  | **24588761** |
|  | **Luxembourg (0.7%)** |  |
|  | Communication Services |  |
| 38123 | Spotify Technology S.A.<sup>1</sup> | 19074843 |
|  | **Total Luxembourg** | **19074843** |
|  | **Netherlands (9.5%)** |  |
|  | Communication Services |  |
| 1671238 | Universal Music Group NV | 41069942 |
|  | Consumer Discretionary |  |
| 513123 | Prosus NV<sup>1</sup> | 29502840 |
|  | Financials |  |
| 7362 | Adyen NV<sup>1,2</sup> | 10964341 |
|  | Industrials |  |
| 71208 | Airbus SE | 16275077 |
|  | Information Technology |  |
| 71494 | ASML Holding NV | 101867927 |
| 1603615 | STMicroelectronics NV | 44959646 |
|  |  | 146827573 |
|  | **Total Netherlands** | **244639773** |

---

**BBH Partner Fund - International Equity**

**Portfolio of Investments (continued) <br> January 31, 2026 (unaudited)**

---

| | | |
|:---|:---|:---|
| Shares/<br> Units |  | Value |
|  | **Common Stock (continued)** |  |
|  | **Norway (1.5%)** |  |
|  | Financials |  |
| 1321761 | DNB Bank ASA | $38138798 |
|  | **Total Norway** | **38138798** |
|  | **South Korea (4.2%)** |  |
|  | Financials |  |
| 433235 | KB Financial Group, Inc. | 40520351 |
|  | Information Technology |  |
| 605046 | Samsung Electronics Co., Ltd. | 67342985 |
|  | **Total South Korea** | **107863336** |
|  | **Spain (1.4%)** |  |
|  | Communication Services |  |
| 1185621 | Cellnex Telecom S.A.<sup>2</sup> | 36673077 |
|  | **Total Spain** | **36673077** |
|  | **Sweden (2.3%)** |  |
|  | Industrials |  |
| 384187 | Atlas Copco AB (Class A) | 7981817 |
| 510763 | Sandvik AB | 20296279 |
|  |  | 28278096 |
| 2668227 | Information Technology<br> Hexagon AB (Class B) | 30402281 |
|  | **Total Sweden** | **58680377** |
|  | **Switzerland (3.6%)** |  |
|  | Consumer Discretionary |  |
| 108004 | Cie Financiere Richemont S.A. (Class A) | 20966224 |
|  | Health Care |  |
| 451919 | Alcon AG | 36819779 |
|  | Materials |  |
| 264518 | Holcim AG<sup>1</sup> | 27321598 |
| 36410 | Sika AG | 6990582 |
|  |  | 34312180 |
|  | **Total Switzerland** | **92098183** |

---

**BBH Partner Fund - International Equity**

**Portfolio of Investments (continued) <br> January 31, 2026 (unaudited)**

---

| | | |
|:---|:---|:---|
| Shares/ <br> Units |  | Value |
|  | **Common Stock (continued)** |  |
|  | **Taiwan (5.0%)** |  |
|  | Information Technology |  |
| 152414 | MediaTek, Inc. | $8492512 |
| 368773 | Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 121901603 |
|  | **Total Taiwan** | **130394115** |
|  | **United Kingdom (9.5%)** |  |
|  | Consumer Discretionary |  |
| 580815 | Compass Group, Plc. | 17447155 |
|  | Energy |  |
| 1001176 | Shell, Plc. | 38484617 |
|  | Financials |  |
| 459216 | London Stock Exchange Group, Plc. | 51319180 |
|  | Industrials |  |
| 3687531 | BAE Systems, Plc. | 99733343 |
| 6106308 | Rentokil Initial, Plc. | 37766299 |
|  |  | 137499642 |
|  | **Total United Kingdom** | **244750594** |
|  | **United States (1.3%)** |  |
|  | Financials |  |
| 35630 | S&P Global, Inc. | 18805158 |
|  | Health Care |  |
| 11675 | Mettler-Toledo International, Inc.<sup>1</sup> | 16032577 |
|  | **Total United States** | **34837735** |
|  | **Total Common Stock (Cost $1,810,245,724)** | **2494149995** |
|  | **Preferred Stock (1.2%)** |  |
|  | **Germany (1.2%)** |  |
|  | Consumer Discretionary |  |
| 627525 | Dr Ing hc F Porsche AG (Class Preference)<sup>2</sup> | 30728512 |
|  | **Total Germany** | **30728512** |
|  | **Total Preferred Stock (Cost $45,814,475)** | **30728512** |

---

**BBH Partner Fund - International Equity**

**Portfolio of Investments (continued) <br> January 31, 2026 (unaudited)**

---

| | | | |
|:---|:---|:---|:---|
| Shares/<br> Units |  |  | Value |
|  | **Warrants (0.0%)** | **Warrants (0.0%)** |  |
|  | **Canada (0.0%)** | **Canada (0.0%)** |  |
| 18143 | Constellation Software, Inc., expires 03/31/2040<sup>1,3</sup> | Constellation Software, Inc., expires 03/31/2040<sup>1,3</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
|  | **Total Canada** | **Total Canada** | **0** |
|  | **Total Warrants (Cost $0)** |  | **0** |
| **Total Investments (Cost $1,856,060,199)<sup>4</sup>** | **Total Investments (Cost $1,856,060,199)<sup>4</sup>** | **97.6%** | $**2524878507** |
| **Cash and Other Assets in Excess of Liabilities** | **Cash and Other Assets in Excess of Liabilities** | **2.4%** | **62135488** |
| **Net Assets** | **Net Assets** | **100.0%** | $**2587013995** |

---

<sup>1</sup> Non-income producing security.

<sup>2</sup> Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. Total market value of Rule 144A securities owned at January 31, 2026 was $115,600,416 or 4.5% of net assets.

<sup>3.</sup> Security that used significant unobservable inputs to determine fair value, as determined by the Adviser.

<sup>4</sup> The aggregate cost for federal income tax purposes is $1,856,060,199, the aggregate gross unrealized appreciation is $785,903,511 and the aggregate gross unrealized depreciation is $117,085,203, resulting in net unrealized appreciation of $668,818,308.

BBH Partner Fund – International Equity's (the "Fund") country diversification is based on the respective security's country of incorporation.

Abbreviation:

ADR - American Depositary Receipt.

**BBH Partner Fund - International Equity**

**Portfolio of Investments (continued) <br> January 31, 2026 (unaudited)**

**Fair Value Measurements**

The Fund is required to disclose information regarding the fair value measurements of the Fund's assets and liabilities. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The disclosure requirement established a three-tier hierarchy to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including, for example, the risk inherent in a particular valuation technique used to measure fair value, including the model and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the Fund's own considerations about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances.

Authoritative guidance establishes three levels of the fair value hierarchy as follows:

— Level 1 – unadjusted quoted prices in active markets for identical assets and liabilities.

— Level 2 – significant other observable inputs (including quoted prices for similar assets and liabilities, interest rates, prepayment speeds, credit risk, etc.).

— Level 3 – significant unobservable inputs (including the Fund's own assumptions in determining the fair value of assets and liabilities).

Inputs are used in applying the various valuation techniques and broadly refer to the assumptions that market participants use to make valuation decisions, including assumptions about risk. Inputs may include price information, specific and broad credit data, liquidity statistics, and other factors. A financial instrument's level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. However, the determination of what constitutes "observable" requires judgment by the investment adviser. The investment adviser considers observable data to be that market data which is readily available, regularly distributed or updated, reliable and verifiable, not proprietary, and provided by independent sources that are actively involved in the relevant market. The categorization of a financial instrument within the hierarchy is based upon the pricing transparency of the instrument and does not necessarily correspond to the investment adviser's perceived risk of that instrument.

**BBH Partner Fund - International Equity**

**Portfolio of Investments (continued)**

**January 31, 2026 (unaudited)**

Financial assets within Level 1 are based on quoted market prices in active markets. The Fund does not adjust the quoted price for these instruments.

Financial instruments that trade in markets that are not considered to be active but are valued based on quoted market prices, dealer quotations or alternative pricing sources supported by observable inputs are classified within Level 2. These include investment-grade corporate bonds, U.S. Treasury notes and bonds, and certain non-U.S. sovereign obligations and over-the-counter derivatives and foreign equity securities whose values could be impacted by events occurring before the Fund's pricing time, but after the close of the securities' primary markets and are, therefore, fair valued according to procedures adopted by the Board of Trustees, which include applying international fair value factors provided by approved pricing vendors. As Level 2 financial assets include positions that are not traded in active markets and/or are subject to transfer restrictions, valuations may be adjusted to reflect illiquidity and/or non-transferability, which are generally based on available market information.

Financial assets classified within Level 3 have significant unobservable inputs, as they trade infrequently. Level 3 financial assets include private equity and certain corporate debt securities.

Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon the actual sale of those investments.

**BBH Partner Fund - International Equity**

**Portfolio of Investments (continued) <br> January 31, 2026 (unaudited)**

The following table summarizes the valuation of the Fund's investments by the above fair value hierarchy levels as of January 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments at value** | **Unadjusted <br> Quoted Prices <br> in Active <br> Markets<br> for Identical <br> Investments <br> (Level 1)** | **Significant <br> Other <br> Observable <br> Inputs<br> (Level 2)** | **Significant <br> Unobservable <br> Inputs <br> (Level 3)** | **Balance as of<br> January 31, 2026** |
| Common Stock: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Canada | $127099843 | $– | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– | $127099843 |
| &nbsp;&nbsp;&nbsp;Denmark |  | 116247099 |  | 116247099 |
| &nbsp;&nbsp;&nbsp;France |  | 350519989 |  | 350519989 |
| &nbsp;&nbsp;&nbsp;Germany |  | 167870928 |  | 167870928 |
| &nbsp;&nbsp;&nbsp;Hong Kong |  | 13120129 |  | 13120129 |
| &nbsp;&nbsp;&nbsp;India | 68572935 |  |  | 68572935 |
| &nbsp;&nbsp;&nbsp;Ireland | 151903483 | 33506322 |  | 185409805 |
| &nbsp;&nbsp;&nbsp;Japan |  | 433569675 |  | 433569675 |
| &nbsp;&nbsp;&nbsp;Jersey |  | 24588761 |  | 24588761 |
| &nbsp;&nbsp;&nbsp;Luxembourg | 19074843 |  |  | 19074843 |
| &nbsp;&nbsp;&nbsp;Netherlands |  | 244639773 |  | 244639773 |
| &nbsp;&nbsp;&nbsp;Norway |  | 38138798 |  | 38138798 |
| &nbsp;&nbsp;&nbsp;South Korea |  | 107863336 |  | 107863336 |
| &nbsp;&nbsp;&nbsp;Spain |  | 36673077 |  | 36673077 |
| &nbsp;&nbsp;&nbsp;Sweden |  | 58680377 |  | 58680377 |
| &nbsp;&nbsp;&nbsp;Switzerland |  | 92098183 |  | 92098183 |
| &nbsp;&nbsp;&nbsp;Taiwan | 121901603 | 8492512 |  | 130394115 |
| &nbsp;&nbsp;&nbsp;United Kingdom |  | 244750594 |  | 244750594 |
| &nbsp;&nbsp;&nbsp;United States | 34837735 |  |  | 34837735 |
| Preferred Stock: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Germany |  | 30728512 |  | 30728512 |
| Warrants: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Canada | – | – | 0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| &nbsp;&nbsp;&nbsp;**Total Investments, at value** | $**523390442** | $**2001488065** | $**0** | $**2524878507** |

---

**BBH Partner Fund - International Equity**

**Portfolio of Investments (continued) <br> January 31, 2026 (unaudited)**

Portfolio holdings are shown as of the date indicated. Since market conditions fluctuate suddenly and frequently, the portfolio holdings may change and this list is not indicative of future portfolio composition. These portfolio holdings are not intended to be and do not constitute recommendations that others buy, sell, or hold any of the securities listed.

**For more complete information on the Fund, call 1-800-575-1265 for a prospectus or visit www.bbhfunds.com. You should consider the Fund's investment objectives, risks, charges, and expenses carefully before you invest. Information about these and other important subjects is in the Fund's prospectus, which you should read carefully before investing.**

The BBH Funds are managed by a separately identifiable department within Brown Brothers Harriman & Co. Shares of the Fund are distributed by ALPS Distributors, Inc., located at 1290 Broadway, Suite 1000, Denver, CO 80203.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** BBH Trust

- **b. Investment Company Act file number:** 811-21829

- **c. CIK number of Registrant:** 0001342947

- **d. LEI of Registrant:** 5493002QM4WBFYUZ3Y95

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 140 Broadway

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10005-1108

  - **Telephone number:** 800-575-1265

**Item A.2. Information about the Series.**

- **a. Name of Series:** BBH Partner Fund - International Equity

- **b. EDGAR series identifier (if any):** S000015105

- **c. LEI of Series:** 5493003KO8Z8GKWQYO55

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $2606956734.52

**Total Liabilities:** $20344839.94

**Net Assets:** $2586611894.58

**Cash Not Reported:** $48743003.57

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000041206 | -1.93%               | 2.79%                | 3.36%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $13050362.69             | $-61292351.80                              |
| Month 2  | $26496301.86             | $41533689.50                               |
| Month 3  | $24099734.93             | $61433347.07                               |

**Designated Index Information**

- **Index Name:** n/a

- **Index Identifier:** n/a

### Schedule of Portfolio Investments

| Name                           | Title                                                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ADYEN NV /EUR/                 | ADYEN NV /EUR/ 144A 0.00000000                                         | CUSIP: N3501V104<br>LEI: 724500973ODKK3IFQ447 | Long             | EC               | CORP              | NL        |     10514 | NS      | $15658663.53  | 0.61%             |  |  |  | Yes           |                  2 | On Loan: No      |
| STMICROELECTRONICS NV /EUR/    | STMICROELECTRONICS NV /EUR/ 0.00000000                                 | CUSIP: N83574108<br>LEI: 213800Z8NOHIKRI42W10 | Long             | EC               | CORP              | NL        |   1603615 | NS      | $44959645.66  | 1.74%             |  |  |  | No            |                  2 | On Loan: No      |
| EXPERIAN PLC /GBP/             | EXPERIAN PLC /GBP/ 0.00000000                                          | CUSIP: G32655105<br>LEI: 635400RXXHHYT1JTSZ26 | Long             | EC               | CORP              | JE        |    652003 | NS      | $24588761.15  | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| SPOTIFY TECHNOLOGY SA          | SPOTIFY TECHNOLOGY SA 0.00000000                                       | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |     38123 | NS      | $19074843.05  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| HOYA CORP /JPY/                | HOYA CORP /JPY/ 0.00000000                                             | CUSIP: J22848105<br>LEI: 353800X4VR3BHEUCJB42 | Long             | EC               | CORP              | JP        |    310882 | NS      | $52432284.01  | 2.03%             |  |  |  | No            |                  2 | On Loan: No      |
| S&P GLOBAL INC                 | S&P GLOBAL INC 0.00000000                                              | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |     35630 | NS      | $18805157.70  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| DR ING HC F PORSCH /EUR/ /PFD/ | DR ING HC F PORSCHE AG /EUR/  /PREFFERED/ 0.00000000                   | CUSIP: D2R3HA114<br>LEI: N/A                  | Long             | EP               | CORP              | DE        |    627525 | NS      | $30728512.01  | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| SAMSUNG ELECTRONICS CO L /KRW/ | SAMSUNG ELECTRONICS CO LTD /KRW/ 0.00000000                            | CUSIP: Y74718100<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |    605046 | NS      | $67342984.89  | 2.60%             |  |  |  | No            |                  2 | On Loan: No      |
| COMPASS GROUP PLC /GBP/        | COMPASS GROUP PLC /GBP/ 0.00000000                                     | CUSIP: G23296208<br>LEI: 2138008M6MH9OZ6U2T68 | Long             | EC               | CORP              | GB        |    580815 | NS      | $17447155.19  | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| VESTAS WIND SYSTEMS A/S /DKK/  | VESTAS WIND SYSTEMS A/S /DKK/ 0.00000000                               | CUSIP: K9773J201<br>LEI: 549300DYMC8BGZZC8844 | Long             | EC               | CORP              | DK        |   1642023 | NS      | $50201614.84  | 1.94%             |  |  |  | No            |                  2 | On Loan: No      |
| SUZUKI MOTOR CORP /JPY/        | SUZUKI MOTOR CORP /JPY/ 0.00000000                                     | CUSIP: J78529138<br>LEI: 353800D83H0V3ZV1SV24 | Long             | EC               | CORP              | JP        |   2653800 | NS      | $36498110.10  | 1.41%             |  |  |  | No            |                  2 | On Loan: No      |
| SMURFIT WESTROCK PLC/GBP/      | SMURFIT WESTROCK PLC/GBP/ 0.00000000                                   | CUSIP: G8267P108<br>LEI: 635400EGSEOPDW2EXS14 | Long             | EC               | CORP              | IE        |    806390 | NS      | $33506321.48  | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| COMPAGNIE DE SAINT GOBAI /EUR/ | COMPAGNIE DE SAINT GOBAIN /EUR/ 0.00000000                             | CUSIP: F80343100<br>LEI: NFONVGN05Z0FMN5PEC35 | Long             | EC               | CORP              | FR        |    500082 | NS      | $49620780.98  | 1.92%             |  |  |  | No            |                  2 | On Loan: No      |
| PROSUS NV /EUR/                | PROSUS NV /EUR/ 0.00000000                                             | CUSIP: N7163R103<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | EC               | CORP              | NL        |    513123 | NS      | $29502840.00  | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| SAFRAN SA /EUR/                | SAFRAN SA /EUR/ 0.00000000                                             | CUSIP: F4035A557<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |    166262 | NS      | $59373101.11  | 2.30%             |  |  |  | No            |                  2 | On Loan: No      |
| MEDIATEK INC /TWD/             | MEDIATEK INC /TWD/ 0.00000000                                          | CUSIP: Y5945U103<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |    152414 | NS      | $8492512.14   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| EISAI CO LTD /JPY/             | EISAI CO LTD /JPY/ 0.00000000                                          | CUSIP: J12852117<br>LEI: 353800HDEE0ZYEX4QV91 | Long             | EC               | CORP              | JP        |     44680 | NS      | $1250557.46   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| ADVANTEST CORP /JPY/           | ADVANTEST CORP /JPY/ 0.00000000                                        | CUSIP: J00210104<br>LEI: 353800EMK32PDKS9XR54 | Long             | EC               | CORP              | JP        |    170465 | NS      | $28045777.44  | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| HOLCIM LTD /CHF/               | HOLCIM LTD /CHF/ 0.00000000                                            | CUSIP: H3816Q102<br>LEI: 529900EHPFPYHV6IQO98 | Long             | EC               | CORP              | CH        |    264518 | NS      | $27321598.43  | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| AIA GROUP LTD /HKD/            | AIA GROUP LTD /HKD/ 0.00000000                                         | CUSIP: Y002A1105<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |    311000 | NS      | $3592562.09   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| FRANCO-NEVADA CORP /CAD/       | FRANCO-NEVADA CORP /CAD/ 0.00000000                                    | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |    194700 | NS      | $45771049.89  | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| CELLNEX TELECOM SA /EUR/       | CELLNEX TELECOM SA /EUR/ 144A 0.00000000                               | CUSIP: E2R41M104<br>LEI: 5493008T4YG3AQUI7P67 | Long             | EC               | CORP              | ES        |   1185621 | NS      | $36673077.18  | 1.42%             |  |  |  | Yes           |                  2 | On Loan: No      |
| LONDON STOCK EXCHANGE GR /GBP/ | LONDON STOCK EXCHANGE GROUP /GBP/ 0.00000000                           | CUSIP: G5689U103<br>LEI: 213800QAUUUP6I445N30 | Long             | EC               | CORP              | GB        |    461526 | NS      | $51577331.71  | 1.99%             |  |  |  | No            |                  2 | On Loan: No      |
| HEXAGON AB-B SHS /SEK/         | HEXAGON AB-B SHS /SEK/ 0.00000000                                      | CUSIP: W4R431112<br>LEI: 549300WJFW6ILNI4TA80 | Long             | EC               | CORP              | SE        |   2668227 | NS      | $30402281.20  | 1.18%             |  |  |  | No            |                  2 | On Loan: No      |
| CONSTELLATION SOFTWARE I /CAD/ | CONSTELLATION SOFTWARE INC /CAD/ 0.00000000                            | CUSIP: 21037X100<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               | CORP              | CA        |     12520 | NS      | $23204822.95  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| RYANAIR HOLDINGS-SP ADR        | RYANAIR HOLDINGS-SP ADR 0.00000000                                     | CUSIP: 783513203<br>LEI: 635400BR2ROC1FVEBQ56 | Long             | EC               | CORP              | IE        |    635100 | NS      | $44838060.00  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| RENTOKIL INITIAL PLC /GBP/     | RENTOKIL INITIAL PLC /GBP/ 0.00000000                                  | CUSIP: G7494G105<br>LEI: 549300VN4WV7Z6T14K68 | Long             | EC               | CORP              | GB        |   6106308 | NS      | $37766299.20  | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC BANK LTD-ADR              | HDFC BANK LTD-ADR 0.00000000                                           | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |    978700 | NS      | $31690306.00  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD CORP /CAD/          | BROOKFIELD CORP /CAD/ 0.00000000                                       | CUSIP: 11271J107<br>LEI: C6J3FGIWG6MBDGTE8F80 | Long             | EC               | CORP              | CA        |    177031 | NS      | $8104373.03   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHNEIDER ELEC SA /EUR/        | SCHNEIDER ELEC SA /EUR/ 0.00000000                                     | CUSIP: F86921107<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |    191277 | NS      | $54700478.45  | 2.11%             |  |  |  | No            |                  2 | On Loan: No      |
| KOMATSU LTD /JPY/              | KOMATSU LTD /JPY/ 0.00000000                                           | CUSIP: J35759125<br>LEI: 5493004LQ0B4T7QPQV17 | Long             | EC               | CORP              | JP        |   1074035 | NS      | $41339943.14  | 1.60%             |  |  |  | No            |                  2 | On Loan: No      |
| CANADIAN PACIFIC KANSAS  /CAD/ | CANADIAN PACIFIC KANSAS CITY /CAD/ 0.00000000                          | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    512152 | NS      | $38234336.72  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| SANDVIK AB /SEK/               | SANDVIK AB /SEK/ 0.00000000                                            | CUSIP: W74857165<br>LEI: 5299008ZUAXN43LVZF54 | Long             | EC               | CORP              | SE        |    510763 | NS      | $20296279.05  | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| SARTORIUS STEDIM BIOTECH /EUR/ | SARTORIUS STEDIM BIOTECH /EUR/ 0.00000000                              | CUSIP: F8005V210<br>LEI: N/A                  | Long             | EC               | CORP              | FR        |    161345 | NS      | $36290735.31  | 1.40%             |  |  |  | No            |                  2 | On Loan: No      |
| OBIC CO LTD /JPY/              | OBIC CO LTD /JPY/ 0.00000000                                           | CUSIP: J5946V107<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |   1310303 | NS      | $36477865.32  | 1.41%             |  |  |  | No            |                  2 | On Loan: No      |
| UNIVERSAL MUSIC GROUP NV /EUR/ | UNIVERSAL MUSIC GROUP NV /EUR/ 0.00000000                              | CUSIP: N90313102<br>LEI: 724500GJBUL3D9TW9Y18 | Long             | EC               | CORP              | NL        |   1671238 | NS      | $41069942.20  | 1.59%             |  |  |  | No            |                  2 | On Loan: No      |
| BAE SYSTEMS PLC /GBP/          | BAE SYSTEMS PLC /GBP/ 0.00000000                                       | CUSIP: G06940103<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               | CORP              | GB        |   3687531 | NS      | $99733343.14  | 3.86%             |  |  |  | No            |                  2 | On Loan: No      |
| CONSTELLA WT EX 03/31/40 /CAD/ | CONSTELLATION SOFTWARE INC WARRANTS EXPIRE 03/31/2040 /CAD/ 0.00000000 | CUSIP: 21037X134<br>LEI: 549300B6PYHMCTDWQV29 | N/A              | DE               | CORP              | CA        |     18143 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| SHELL PLC-NEW /GBP/            | SHELL PLC-NEW /GBP/ 0.00000000                                         | CUSIP: G80827101<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |   1001176 | NS      | $38484616.90  | 1.49%             |  |  |  | No            |                  2 | On Loan: No      |
| DSV DKK1 /DKK/                 | DSV DKK1 /DKK/ 0.00000000                                              | CUSIP: K31864117<br>LEI: 529900X41C0BSLK67H70 | Long             | EC               | CORP              | DK        |    195634 | NS      | $55193598.78  | 2.13%             |  |  |  | No            |                  2 | On Loan: No      |
| KEYENCE CORP /JPY/             | KEYENCE CORP /JPY/ 0.00000000                                          | CUSIP: J32491102<br>LEI: 529900M7PQBS7A89DZ11 | Long             | EC               | CORP              | JP        |    231816 | NS      | $84929629.20  | 3.28%             |  |  |  | No            |                  2 | On Loan: No      |
| RECRUIT HOLDINGS CO LTD /JPY/  | RECRUIT HOLDINGS CO LTD /JPY/ 0.00000000                               | CUSIP: J6433A101<br>LEI: 353800R2LRSMVVC4I806 | Long             | EC               | CORP              | JP        |    741747 | NS      | $39384283.20  | 1.52%             |  |  |  | No            |                  2 | On Loan: No      |
| THALES SA /EUR/                | THALES SA /EUR/ 0.00000000                                             | CUSIP: F9156M108<br>LEI: 529900FNDVTQJOVVPZ19 | Long             | EC               | CORP              | FR        |    271904 | NS      | $82713019.08  | 3.20%             |  |  |  | No            |                  2 | On Loan: No      |
| SIKA AG-REG /CHF/              | SIKA AG-REG /CHF/ 0.00000000                                           | CUSIP: H7631K273<br>LEI: 549300R3N69ECGYPU434 | Long             | EC               | CORP              | CH        |     36410 | NS      | $6990581.48   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| CIE FINANCIERE RICHEMO-A /CHF/ | CIE FINANCIERE RICHEMO-A REG /CHF/ 0.00000000                          | CUSIP: H25662182<br>LEI: 549300YIPGJ6UX2QPS51 | Long             | EC               | CORP              | CH        |    108004 | NS      | $20966223.56  | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| LVMH MOET HENNESSY LOUIS /EUR/ | LVMH MOET HENNESSY LOUIS VUI /EUR/ 0.00000000                          | CUSIP: F58485115<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |     63726 | NS      | $41257949.76  | 1.60%             |  |  |  | No            |                  2 | On Loan: No      |
| COLOPLAST-B /DKK/              | COLOPLAST-B /DKK/ 0.00000000                                           | CUSIP: K16018192<br>LEI: 529900NN7SOJ5QG82X67 | Long             | EC               | CORP              | DK        |    143540 | NS      | $12284292.55  | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| ALCON INC /CHF/                | ALCON INC /CHF/ 0.00000000                                             | CUSIP: H01301128<br>LEI: 549300LDT5AP8S0NBM78 | Long             | EC               | CORP              | CH        |    451919 | NS      | $36819778.81  | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| DNB BANK ASA /NOK/             | DNB BANK ASA /NOK/ 0.00000000                                          | CUSIP: R1R15X100<br>LEI: 549300GKFG0RYRRQ1414 | Long             | EC               | CORP              | NO        |   1321761 | NS      | $38138798.31  | 1.47%             |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA RESEARCH INSTITUT /JPY/ | NOMURA RESEARCH INSTITUTE LT /JPY/ 0.00000000                          | CUSIP: J5900F106<br>LEI: 5299005F1HCVF4M4QN79 | Long             | EC               | CORP              | JP        |    865885 | NS      | $26549778.00  | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| TAIWAN SEMICONDUCTOR-SP ADR    | TAIWAN SEMICONDUCTOR SPONSORED ADR /1 ADR REPS 5 ORD SHS/ 0.00000000   | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    368773 | NS      | $121901602.88 | 4.71%             |  |  |  | No            |                  1 | On Loan: No      |
| AIRBUS SE /EUR/                | AIRBUS SE /EUR/ 0.00000000                                             | CUSIP: N0280G100<br>LEI: MINO79WLOO247M1IL051 | Long             | EC               | CORP              | NL        |     71208 | NS      | $16275077.37  | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| CRH PLC                        | CRH PLC 0.00000000                                                     | CUSIP: G25508105<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | IE        |    647028 | NS      | $79202697.48  | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ATLAS COPCO AB-A SHS /SEK/     | ATLAS COPCO AB-A SHS /SEK/ 0.00000000                                  | CUSIP: W1R924252<br>LEI: 213800T8PC8Q4FYJZR07 | Long             | EC               | CORP              | SE        |    250039 | NS      | $5194776.29   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| SHOPIFY INC - CLASS A          | SHOPIFY INC - CLASS A 0.00000000                                       | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |     94729 | NS      | $12431286.67  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML HOLDING NV /EUR/          | ASML HOLDING NV /EUR/ 0.00000000                                       | CUSIP: N07059202<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |     71494 | NS      | $101867926.70 | 3.94%             |  |  |  | No            |                  2 | On Loan: No      |
| INFOSYS LIMITED                | INFOSYS LIMITED 0.00000000                                             | CUSIP: 456788108<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |   2097988 | NS      | $36882629.04  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| KB FINANCIAL GROUP INC /KRW/   | KB FINANCIAL GROUP INC /KRW/ 0.00000000                                | CUSIP: Y46007103<br>LEI: 529900TKE4MXG3Q6GW86 | Long             | EC               | CORP              | KR        |    433235 | NS      | $40520350.86  | 1.57%             |  |  |  | No            |                  2 | On Loan: No      |
| SAP SE /EUR/                   | SAP SE /EUR/ 0.00000000                                                | CUSIP: D66992104<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |    175753 | NS      | $35619072.71  | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| METTLER-TOLEDO INTERNATIONAL   | METTLER-TOLEDO INTERNATIONAL 0.00000000                                | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |     11675 | NS      | $16032577.00  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| RHEINMETALL AG /EUR/           | RHEINMETALL AG /EUR/ 0.00000000                                        | CUSIP: D65111102<br>LEI: 5299001OU9CSE29O6S05 | Long             | EC               | CORP              | DE        |     16675 | NS      | $35294038.29  | 1.36%             |  |  |  | No            |                  2 | On Loan: No      |
| SIEMENS AG-REG /EUR/           | SIEMENS AG-REG /EUR/ 0.00000000                                        | CUSIP: D69671218<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |     88575 | NS      | $26970421.33  | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BOERSE AG /EUR/       | DEUTSCHE BOERSE AG /EUR/ 0.00000000                                    | CUSIP: D1882G119<br>LEI: 529900G3SW56SHYNPR95 | Long             | EC               | CORP              | DE        |    129105 | NS      | $32752909.46  | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| TOKYO ELECTRON LTD /JPY/       | TOKYO ELECTRON LTD /JPY/ 0.00000000                                    | CUSIP: J86957115<br>LEI: 549300H5LSF8DP3RIJ34 | Long             | EC               | CORP              | JP        |    326922 | NS      | $87826201.69  | 3.40%             |  |  |  | No            |                  2 | On Loan: No      |
| ICON PLC                       | ICON PLC 0.00000000                                                    | CUSIP: G4705A100<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | IE        |    179848 | NS      | $32417602.00  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| ESSILORLUXOTTICA /EUR/         | ESSILORLUXOTTICA /EUR/ 0.00000000                                      | CUSIP: F31665106<br>LEI: 549300M3VH1A3ER1TB49 | Long             | EC               | CORP              | FR        |     86556 | NS      | $26563924.49  | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| SIEMENS HEALTHINEERS AG /EUR/  | SIEMENS HEALTHINEERS AG /EUR/ 144A 0.00000000                          | CUSIP: D6T479107<br>LEI: N/A                  | Long             | EC               | CORP              | DE        |    743370 | NS      | $37234485.86  | 1.44%             |  |  |  | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-02

**Name of Applicant:** BBH Trust

**Signature:** Declan Coyne

**Name of Signer:** Declan Coyne

**Title:** Treasurer