Bridge Builder International Equity Fund
The Bridge Builder International Equity Fund aims to provide clients with capital appreciation.
The International Equity Fund will primarily invest in non-U.S. dollar denominated securities of large capitalization companies that derive a majority of their revenues or profits from a country or countries other than the United States. The fund employs a multi-manager sub-advised structure.
Baillie Gifford Overseas Limited primarily uses proprietary, fundamental research to identify companies for investment that can exhibit sustained, above-average growth with attractive financial characteristics and sustainable competitive advantages. When evaluating individual companies for investment, Baillie Gifford normally focuses on Growth/Quality, Management, Valuation and Sell Discipline.
BlackRock Investment Management, LLC's equity index strategies invest in portfolios of international equity securities with the objective of approximating as closely as practicable the capitalization weighted total rates of return of the markets in certain countries for value and growth equity securities traded outside the United States, as represented by the MSCI EAFE Growth and MSCI EAFE Value Indices.
Edinburgh Partners Limited employs a disciplined, value-oriented, global investment strategy to select stocks. Edinburgh Partners aims to identify and buy undervalued non-U.S. companies, including those in the emerging markets, and hold them until share prices reflect their long-term earnings potential.
Manning & Napier Advisors, LLC uses proprietary bottom-up strategies focusing on individual security selection to opportunistically choose stocks from companies outside the U.S. Manning & Napier analyzes companies trading at attractive valuations for strong strategic profiles, competitive strength in rebounding industries, and businesses going through restructuring.
Mondrian Investment Partners Limited employs an active, value-oriented approach to managing international equities, and invests in securities where rigorous dividend discount analysis identifies value in terms of the long-term flow of income. The philosophy is built upon the assumption that dividend yield and future real growth are critical in determining a company's total expected return and that the dividend component will be a meaningful portion of the expected return over time.
Pzena Investment Management, LLC employs a deep value investment approach, emphasizing larger capitalization equity securities in international developed markets.
WCM Investment Management uses a bottom-up approach that seeks to identify companies with attractive fundamentals, such as long-term growth in revenue and earnings, and that show a high probability for superior future growth. WCM's investment process focuses on seeking industry-leading companies that WCM believes possess growing competitive advantages; corporate cultures emphasizing strong, quality and experienced management; low or no debt; and attractive relative valuations.
Performance Total Returns
|3 Month||YTD||1 Year||3 Year||Since Inception07/06/2015|
|Bridge Builder International Equity Fund||10.45%||15.99%||17.98%||-||6.67%|
|MSCI EAFE Net (USD)||9.23%||14.01%||16.44%||-||4.91%|
Total annual fund operating expenses: 0.70%
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. 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.
The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based. The Prospectus contains a more detailed description of the limited relationship MSCI has with Olive Street and any related funds.
MSCI EAFE Growth Index focuses on companies exhibiting overall growth style characteristics. These characteristics include long-term forward earnings per share ("EPS") growth rate, short-term forward EPS growth rate, current internal growth rate, long-term historical EPS growth trend, and long-term historical sales per share growth trend. MSCI EAFE Value Index focuses on companies exhibiting overall value style characteristics. These characteristics include book value to price, 12-month forward earnings to price, and dividend yield.
The Morgan Stanley Capital International (MSCI) Europe, Australasia, Far East Index (EAFE) is an unmanaged index of over 900 companies, and is a generally accepted benchmark for major overseas markets. Source: MSCI Inc. MSCI information may not be redisseminated or used as a component of any financial product. No MSCI information constitutes investment advice and may not be relied on as such. MSCI information is provided on an "as is" basis and you assume the entire risk of any use of this information. MSCI, its affiliates and others involved in compiling or creating any MSCI information (the "MSCI Parties") disclaim all warranties with respect to this information. Without limiting the foregoing, in no event shall the MSCI Parties have any liability for direct, indirect, special, incidental, punitive, consequential lost profits or any other damages. (www.msci.com) You cannot invest directly in an index.
Benchmark Index: MSCI EAFE Index
Inception Date: July 6, 2015
Total Assets: $4.4 Billion
Gross Expense Ratio: 0.70%
Net Expense Ratio*: 0.47%
Number of Holdings: 1,018