BBH Select Series – Mid Cap ETF’s Q4 2025 Investor Letter

Brown Brothers Harriman, an investment management company, released its Q4 2025 investor letter for the “BBH Select Series – Mid Cap ETF”. In the quarter, the ETF decreased by 3.9% on a total return basis compared to the Russell Midcap Index’s 0.2% return. The year was characterized by the outperformance of unprofitable and highly volatile companies. Healthcare and materials were the top-performing sectors in the fourth quarter, while communication services and real estate were down. The firm is confident that the market will eventually return its focus to financial fundamentals, such as profitability and cash flow. Please review the Fund’s top five holdings to gain insights into their key selections for 2025.

A copy of BBH Select Series – Mid Cap ETF’s Q4 2025 investor letter is available for download here.