Bridge Builder Small/Mid Cap Value Fund

Fund Objective

The Bridge Builder Small/Mid Cap Value Fund aims to provide capital appreciation.

Fund Strategy

The Small/Mid Cap Value Fund primarily invests in equity securities of small and mid capitalization companies, 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 value investments and employs a multi-manager sub-advised structure.

Investment Sub-advisers

Advisory Research, Inc. uses a bottom-up approach that seeks to identify small capitalization companies with attractive valuations relative to net asset value. The strategy invests in stocks that Advisory Research believes are profitable, undervalued on a price-to-book basis, and exhibit low levels of leverage.

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® Value Index and the Russell 2000® Value Index.

Boston Partners Global Investors, Inc. primarily invests in mid capitalization companies and uses bottom-up fundamental analysis to make investment decisions. The strategy is designed to identify companies with attractive valuation, sound business fundamentals, and improving business momentum.

LSV Asset Management primarily invests in mid capitalization companies. LSV uses a bottom-up investment style, seeking to identify companies that are trading at prices substantially below their intrinsic value.

Silvercrest Asset Management Group LLC invests in small capitalization companies that typically possess one or more of the following attributes: business that results in relatively consistent longer-term earnings and cash flow growth, franchise/ asset value that may make the company attractive to potential acquirers, cyclically depressed earnings and/or cash flow that has potential for improvement, or a catalyst that will promote recognition of the company’s undervalued status.

Vaughan Nelson Investment Management, LP uses a bottom-up value-oriented investment process. Vaughan Nelson seeks companies that typically possess one or more of the following attributes: businesses earning a positive return on capital with stable-to-improving returns, valued at a discount to their asset value, and/or having an attractive and sustainable dividend level.

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: 0.76%

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.

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 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® Value Index measures the performance of the small to mid-cap value segment of the U.S. equity universe. It includes those Russell 2500® companies that are considered more value oriented relative to the overall market as defined by Russell's leading style methodology. The Russell Midcap® Index measures the performance of the mid-cap segment of the U.S. equity universe. The Russell 2000® Value 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 relatively low price-to-book ratios and lower forecasted growth values. The Russell Midcap® Value Index measures the performance of the mid-cap segment of the U.S. equity universe with relatively low price-to-book ratios and lower forecasted growth values. You cannot invest directly in an index.

Fund Facts

Ticker: BBVSX

CUSIP: 10803R504

Benchmark Index: Russell 2500® Value Index

Inception Date: April 27, 2015

Total Assets: $3.5 Billion

Gross Expense Ratio: 0.76%

Net Expense Ratio*: 0.54%

Number of Holdings: 2,083

Historical Distributions

 

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