Bridge Builder Small/Mid Cap Growth Fund
The Bridge Builder Small/Mid Cap Growth Fund aims to provide clients with capital appreciation.
The Small/Mid Cap Growth Fund primarily invests in equity securities of small- and mid-capitalization, which are defined as those whose market capitalizations typically fall within the range of the Russell MidCap® Index and the Russell 2000® Index. The Fund follows an investing style that favors growth investments and employs a multi-manager sub-advised structure.
Eagle Asset Management, Inc. invests primarily in small-capitalization companies. The team focuses on investing in companies that demonstrate growth potential at a price that does not appear to reflect the company’s true underlying value. The portfolio managers use a three-pronged investment philosophy: quality, valuation and balance.
Champlain Investment Partners, LLC seeks capital appreciation by investing in common stocks of medium-sized companies that it believes have strong long-term fundamentals, superior capital appreciation potential and attractive valuations. Champlain expects to identify a diversified universe of medium-sized companies that trade at a discount to their estimated or intrinsic fair values.
ClearBridge Investments, LLC invests primarily in mid-capitalization companies. The team invests in stocks selected for their long-term growth potential. The portfolio managers conduct bottom-up, fundamental research and look for attractive valuations, favorable growth and attractive risk/reward profiles, and strong free cash flow and balance sheets.
BlackRock Investment Management, LLC invests in equity securities with the objective of approximating the capitalization-weighted total rate of return of the segments of the United States market for publicly traded equity securities as represented by the Russell Midcap® Growth Index and the Russell 2000® Growth Index.
Stephens Investment Management Group, LLC employs a disciplined, bottom-up investment selection process that combines rigorous fundamental analysis with quantitative screening in an effort to identify companies that exhibit potential for superior earnings growth that is unrecognized by the markets.
Performance Total Returns
|3 Month||YTD||1 Year||3 Year||Since Inception04/27/2015|
|Bridge Builder Small/Mid Cap Growth Fund||2.63%||8.63%||17.83%||-||6.46%|
|Russell 2500 Growth Total Return||2.56%||8.17%||17.85%||-||4.62%|
Total annual fund operating expenses: 0.72%
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, 2017, to waive its management fees to the extent management fees to be paid to the Adviser exceed the management fees the Adviser 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. Performance data current to the most recent month-end may be obtained by calling 1-855.823.3611. Short-term performance, in particular, is not a good indication of the fund's future performance, and an investment should not be made based solely on returns. 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.
Free Cash Flow is a measure of financial performance calculated as operating cash flow minus capital expenditures. Free cash flow (FCF) represents the cash that a company is able to generate after laying out the money required to maintain or expand its asset base. Free cash flow is important because it allows a company to pursue opportunities that enhance shareholder value. Without cash, it's tough to develop new products, make acquisitions, pay dividends and reduce debt.
The Russell 2000® Index consists of the smallest 2,000 companies in a group of 3,000 U.S. companies in the Russell 3000® Index, as ranked by market capitalization. The Russell 2500® Growth Index measures the performance of the small to mid-cap growth segment of the U.S. equity universe. It includes those Russell 2500® Index companies with higher price-to-book ratios and higher forecasted growth values. The Russell Midcap® Index measures the performance of the mid-cap segment of the U.S. equity universe. The Russell 2000® Growth Index consists of the smallest 2,000 companies in a group of 3,000 U.S. companies in the Russell 3000® Index, as ranked by market capitalization, with higher price-to-book ratios and higher forecasted growth values. The Russell Midcap® Growth Index measures the performance of the mid-cap segment of the U.S. equity universe with higher price-to-book ratios and higher forecasted growth values. You cannot invest directly in an index.
Benchmark Index: Russell 2500® Growth Index
Inception Date: April 27, 2015
Total Assets: $2.3 Billion
Gross Expense Ratio: 0.72%
Net Expense Ratio*: 0.48%
Number of Holdings: 1,691