Bridge Builder Large Cap Value Fund

Fund Objective

The Bridge Builder Large Cap Value Fund aims to provide clients with capital appreciation.

Fund Strategy

The Large Cap Value Fund primarily invests in equity securities of large-capitalization companies, which are defined as those whose market capitalizations typically fall within the range of the Russell 1000® Index. The fund follows an investing style that favors value investments and employs a multi-manager sub-advised structure.

Investment Sub-advisers

Artisan Partners Limited Partnership employs a fundamental investment process to construct a diversified portfolio of equity securities that are undervalued, in solid financial condition and have attractive business economics.

Barrow, Hanley, Mewhinney & Strauss, LLC believes that market inefficiencies can best be exploited through adherence to a value-oriented investment process dedicated to the selection of securities on a bottom-up basis. Barrow Hanley implements this strategy by seeking to construct portfolios of individual stocks that reflect all three value characteristics: price/earnings and price/book ratios below the market, and dividend yields above the market (as measured by the S&P 500 Index).

BlackRock Investment Management, LLC invests in equity securities with the objective of approximating the capitalization-weighted total rate of return of the segment of the United States market for publicly traded equity securities represented by the Russell 1000® Value Index.

Wellington Management Company, LLP uses substantial proprietary, fundamental research resources to identify companies with superior prospects for dividend growth and capital appreciation that sell at reasonable valuation levels. Wellington Management believes that above-average growth in dividends is an effective and often overlooked indicator of higher quality, shareholder-oriented companies that have the ability to produce consistent, above-average returns over the long term.

Performance Total Returns


Daily NAV as of 8/22/2017
Fund NameNAVNAV ChangeYTD Total Return at NAV
Bridge Builder Large Cap Value Fund$11.37$0.097.38%
Performance as of 06/30/2017
3 MonthYTD1 Year3 YearSince Inception04/27/2015
Bridge Builder Large Cap Value Fund2.85%7.47%17.38%-7.98%
Russell 1000 Value Total Return1.34%4.66%15.53%-7.60%

Total annual fund operating expenses: 0.50%

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.

P/E Ratio is a valuation ratio of a company's current share price compared to its per-share earnings.

Price to Book Ratio is a ratio used to compare a stock's market value to its book value. It is calculated by dividing the current closing price of the stock by the latest quarter's book value per share.

The Russell 1000® Value Index measures the performance of the large-cap value segment of the U.S. equity universe. It includes those Russell 1000® companies with lower price-to-book ratios and lower expected growth values. The S&P 500 Index, an unmanaged index, consists of 500 stocks chosen for market size, liquidity, and industry group representation. It is a market-value weighted index (stock price times number of shares outstanding), with each stock's weight in the Index proportionate to its market value. You cannot invest directly in an index.

Fund Facts

Ticker: BBVLX

CUSIP: 10803R306

Benchmark Index: Russell 1000® Value Index

Inception Date: April 27, 2015

Total Assets: $5.0 Billion

Gross Expense Ratio: 0.50%

Net Expense Ratio*: 0.35%

Number of Holdings: 763

Historical Distributions

 

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