Bridge Builder Core Plus Bond Fund
The Bridge Builder Core Plus Bond Fund aims to provide total return (capital appreciation plus income).
The Core Plus Bond Fund's assets are allocated across different fixed-income market sectors and maturities. Most of the Fund’s investments are fixed-income securities issued or guaranteed by the U.S. government or its agencies, U.S. corporate issuers, asset-backed securities, and mortgage-related and mortgage-backed securities. The Fund may invest in securities issued by foreign entities, including emerging market securities. The Fund may invest in high-yield securities deemed below investment grade, also known as "junk bonds." The Fund employs a multi-manager sub-advised structure.
Loomis, Sayles & Company, L.P. generally seeks fixed-income securities of issuers whose credit profiles it believes are improving. Loomis Sayles relies primarily on issue selection as the key driver to investment performance. Loomis Sayles also analyzes different sectors of the economy and differences in the yields of various fixed-income securities in an effort to find securities that it believes may produce attractive returns in comparison to these securities' risk.
Metropolitan West Asset Management, LLC employs a value-oriented fixed-income management philosophy and an investment process predicated on a long-term economic outlook.
Pacific Investment Management Company LLC seeks to achieve the Fund's investment objectives by investing in a multi-sector portfolio of fixed income instruments of varying maturities, which may be represented by derivatives such as forwards, futures contracts, or swap agreements.
T. Rowe Price Associates, Inc. emphasizes the value of in-depth fundamental research, diversification and risk management practices. T. Rowe Price's strategy integrates top-down sector allocation with bottom-up security selection in pursuit of the Fund's investment objective.
Performance Total Returns
Total annual fund operating expenses: 0.41%
The Gross Expense Ratio, per the Fund's latest prospectus, includes all categories of expenses before any expense reductions or fee waivers.
*Olive Street Investment Advisers, LLC has contractually agreed, until at least October 28, 2018, to waive its management fees to the extent management fees to be paid to the Adviser exceed the management fees the Fund is required to pay the Fund’s Sub-advisers. This contractual agreement may only be changed or eliminated with the approval of the Board of Trustees. Such waivers are not subject to reimbursement by the Fund.
Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. Returns shown for the Fund include the reinvestment of all dividends, if any. Total return calculations reflect the effect of the Advisers fee waiver agreement for the Fund. If such fee waivers had not occurred, the quoted performance would be lower.
Bloomberg Barclays U.S. Aggregate Bond Index is a broad base index, maintained by Barclays Capital, and is often used to represent investment grade bonds being traded in United States. You cannot invest directly in an index.
Benchmark Index: Bloomberg Barclays U.S. Aggregate Bond Index
Inception Date: July 13, 2015
Total Assets: $7.1 Billion
Gross Expense Ratio: 0.41%
Net Expense Ratio*: 0.19%
Number of Holdings: 2,260