Bridge Builder Core Bond Fund

Fund Objective

The Bridge Builder Core Bond Fund aims to provide total return (capital appreciation plus income).

Fund Strategy

The Core 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 employs a multi-manager sub-advised structure.

Investment Sub-advisers

J.P. Morgan Investment Management, Inc. incorporates a bottom-up, value-oriented approach in managing its allocated portion of the Fund's assets.

Loomis, Sayles & Company, L.P. has an investment philosophy that focuses on relative value investing on a risk-adjusted basis, seeking to add value for clients primarily through security selection while managing risk in the portfolio.

PGIM, Inc. uses a team approach to attempt to add value by tilting toward fixed-income sectors that it believes are attractive and by utilizing its extensive research capabilities to choose attractive fixed-income securities within sectors.

Robert W. Baird & Co. Inc. utilizes a structured, risk-controlled philosophy with a disciplined duration approach to invest its allocated portion of the Fund's assets.

Performance Total Returns

For daily NAV, please call 1-855-823-3611. For performance information, please refer to the fund fact sheets found on the literature tab.

Total annual fund operating expenses: 0.37%

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.

Fund Facts

Ticker: BBTBX

CUSIP: 10803R108

Benchmark Index: Bloomberg Barclays U.S. Aggregate Bond Index

Inception Date: October 28, 2013

Total Assets: $14.2 Billion

Gross Expense Ratio: 0.37%

Net Expense Ratio*: 0.17%

Number of Holdings: 6,005

Historical Distributions

 

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