BBTBX: Bridge Builder Core Bond

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BBTBX Bridge Builder Core Bond


Profile

BBTBX - Profile

Vitals

  • YTD Return 0.6%
  • 3 Yr Annualized Return 1.3%
  • 5 Yr Annualized Return 0.3%
  • Net Assets $16.3 B
  • Holdings in Top 10 10.7%

52 WEEK LOW AND HIGH

$10.48
$10.04
$10.93

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.34%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 153.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 0.6%
  • 3 Yr Annualized Total Return 3.2%
  • 5 Yr Annualized Total Return 1.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.15%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Bridge Builder Core Bond Fund
  • Fund Family Name
    Bridge Builder
  • Inception Date
    Oct 28, 2013
  • Shares Outstanding
    1513058608
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jay Schwister

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Categories

Performance

BBTBX - Performance

Return Ranking - Trailing

Period BBTBX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.6% -23.6% 195.6% 16.60%
1 Yr 3.7% -22.3% 190.1% 13.08%
3 Yr 1.3%* -7.3% 7.2% 13.23%
5 Yr 0.3%* -6.0% 12.0% 13.59%
10 Yr N/A* -5.4% 3.9% N/A

* Annualized

Return Ranking - Calendar

Period BBTBX Return Category Return Low Category Return High Rank in Category (%)
2019 5.5% -4.3% 18.3% 28.05%
2018 -2.9% -11.7% 4.6% 60.89%
2017 1.4% -6.0% 8.3% 39.16%
2016 0.0% -7.8% 7.7% 42.46%
2015 -1.8% -18.3% 3.0% 63.64%

Total Return Ranking - Trailing

Period BBTBX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.6% -23.6% 195.6% 16.60%
1 Yr 3.7% -22.3% 190.1% 13.08%
3 Yr 3.2%* -7.3% 9.3% 2.81%
5 Yr 1.7%* -6.0% 12.0% 6.50%
10 Yr N/A* -5.4% 6.7% N/A

* Annualized

Total Return Ranking - Calendar

Period BBTBX Return Category Return Low Category Return High Rank in Category (%)
2019 6.0% -4.3% 18.3% 18.25%
2018 -0.2% -11.7% 6.5% 8.60%
2017 4.2% -6.0% 10.4% 6.40%
2016 1.0% -7.8% 10.7% 29.16%
2015 -1.6% -12.6% 4.2% 68.23%

NAV & Total Return History


Holdings

BBTBX - Holdings

Concentration Analysis

BBTBX Category Low Category High BBTBX % Rank
Net Assets 16.3 B 652 K 269 B 5.26%
Number of Holdings 5295 1 17723 0.68%
Net Assets in Top 10 1.28 B -216 M 24.5 B 10.01%
Weighting of Top 10 10.73% 2.4% 100.0% 84.55%

Top 10 Holdings

  1. 5 Year Treasury Note Future June 20 2.18%
  2. Irs P02.49rfe01 10/31/25 Jpmcl Fixed 1.61%
  3. Irs Rfe01p02.49 10/31/25 Jpmcl Float 1.47%
  4. United States Treasury Bonds 2.88% 1.24%
  5. Future Contract On Us Ultra Bond Cbt Jun20 1.23%
  6. United States Treasury Bonds 3.75% 0.65%
  7. United States Treasury Notes 1.75% 0.64%
  8. 2 Year Treasury Note Future June 20 0.64%
  9. United States Treasury Bonds 2.5% 0.56%
  10. United States Treasury Notes 3.13% 0.52%

Asset Allocation

Weighting Return Low Return High BBTBX % Rank
Bonds
95.16% 80.16% 159.74% 67.07%
Cash
3.35% -59.74% 19.63% 35.48%
Convertible Bonds
1.44% 0.00% 7.24% 14.01%
Other
0.03% -4.63% 28.26% 10.66%
Preferred Stocks
0.01% 0.00% 7.43% 15.96%
Stocks
0.00% -0.38% 24.73% 87.61%

Bond Sector Breakdown

Weighting Return Low Return High BBTBX % Rank
Securitized
45.62% 0.00% 98.30% 11.02%
Corporate
26.47% 0.00% 99.29% 31.59%
Government
23.88% -2.21% 122.41% 28.67%
Cash & Equivalents
3.30% -29.57% 39.95% 39.12%
Municipal
0.73% 0.00% 100.11% 58.79%
Derivative
0.00% -0.83% 31.05% 88.26%

Bond Geographic Breakdown

Weighting Return Low Return High BBTBX % Rank
US
86.92% 61.81% 156.78% 69.34%
Non US
8.24% -17.15% 26.76% 31.77%

Expenses

BBTBX - Expenses

Operational Fees

BBTBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.34% 0.01% 34.57% 93.02%
Management Fee 0.32% 0.00% 1.10% 30.72%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

BBTBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

BBTBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BBTBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 153.00% 0.00% 489.00% 87.01%

Distributions

BBTBX - Distributions

Dividend Yield Analysis

BBTBX Category Low Category High BBTBX % Rank
Dividend Yield 0.00% 0.00% 3.57% 90.78%

Dividend Distribution Analysis

BBTBX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

BBTBX Category Low Category High BBTBX % Rank
Net Income Ratio 3.15% -0.20% 6.30% 18.85%

Capital Gain Distribution Analysis

BBTBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

BBTBX - Fund Manager Analysis

Managers

Jay Schwister


Start Date

Tenure

Tenure Rank

Oct 28, 2013

6.34

6.3%

Jay has over 31 years of investment experience managing a broad range of fixed income portfolios. He plays a lead role in all fixed income research and oversees risk management across the firm’s investment strategies. His responsibilities also include the formulation and implementation of investment strategy and the coordination of all portfolio construction. Jay received his undergraduate degree from Marquette University and was awarded the Chartered Financial Analyst designation in 1987. Jay is currently a member of the CFA Institute and is a member of the CFA Society of Milwaukee. Prior to joining Baird Advisors, Jay was a Senior Vice President and Senior Portfolio Manager with Putnam Investments in Boston where he was responsible for strategy formulation and portfolio construction across a wide variety of multi-sector fixed income mandates.

Warren Pierson


Start Date

Tenure

Tenure Rank

Oct 28, 2013

6.34

6.3%

Mr. Pierson is a senior portfolio manager with Robert W. Baird & Co. Incorporated, his employer since February 2000. Prior to joining Baird, he was senior vice president and senior portfolio manager with Firstar Investment Research & Management Company. He is a member of Chartered Financial Analyst Institute and the Milwaukee Investment Analysts Society. Mr. Pierson received his undergraduate degree from Lawrence University and was awarded the Chartered Financial Analyst designation in 1990. Mr. Pierson is currently a member of the CFA Institute and is past President of the CFA Society of Milwaukee.

Charles Groeschell


Start Date

Tenure

Tenure Rank

Oct 28, 2013

6.34

6.3%

Mr. Groeschell is a Senior Portfolio manager at Baird. Prior to joining Baird in 2000, Mr. Groeschell was a Senior Vice President and Senior Portfolio Manager with Firstar Investment Research & Management Company (FIRMCO) where he played a lead role in the overall management of major fixed income client relationships. His responsibilities include setting investment policy with a major portion of his time allocated to security analysis, credit research, and implementing the long term investment strategy of the firm.

Mary Stanek


Start Date

Tenure

Tenure Rank

Oct 28, 2013

6.34

6.3%

Ms. Stanek is a Senior Portfolio manager at Baird. Prior to joining Baird in 2000, Ms. Stanek was President and Chief Executive Officer of Firstar Investment Research and Management Company (FIRMCO) and was Director of Fixed Income. Ms. Stanek obtained her undergraduate degree from Marquette University and her MBA from the University of Wisconsin-Milwaukee. She received the Chartered Financial Analyst designation in 1983. Ms. Stanek is currently a member of the CFA Institute and is a member of the CFA Society of Milwaukee.

Richard Piccirillo


Start Date

Tenure

Tenure Rank

Oct 28, 2013

6.34

6.3%

Richard Piccirillo is a Principal and senior portfolio manager for PGIM Fixed Income’s Core, Long Government/Credit, Core Plus, Absolute Return, and other multi-sector Fixed Income strategies. He is also a member of the Global Rates and Securitized Products Team focusing on CMBS. Mr. Piccirillo has specialized in mortgage-and asset- backed securities since joining Prudential Financial in 1993. Before joining Prudential Financial, Mr. Piccirillo was a fixed income analyst with Fischer Francis Trees & Watts. Mr. Piccirillo started his career as a financial analyst at Smith Barney. He received a BBA in Finance from George Washington University and an MBA in Finance and International Business from New York University.

Gregory Peters


Start Date

Tenure

Tenure Rank

Mar 31, 2014

5.92

5.9%

Gregory Peters is a Managing Director and Senior Investment Officer of PGIM Fixed Income. He is also senior portfolio manager for Core, Long Government/Credit, Core Plus, Absolute Return, and other multi-sector Fixed Income strategies. Prior to joining PGIM Fixed Income, Mr. Peters was the Chief Global Cross Asset Strategist at Morgan Stanley and responsible for the firm's macro research and asset allocation strategy. In addition, he was Morgan Stanley's Global Director of Fixed Income & Economic Research and served on the Firm Risk, Investment, Asset Allocation, Global Credit, and Global Fixed Income Operating Committees. Earlier, Mr. Peters worked at Salomon Smith Barney and the Department of U.S. Treasury. Mr. Peters has been recognized by Institutional Investor magazine for his efforts in macro, fixed income, high yield and investment grade strategies. Mr. Peters was also recently recognized as Business Insider's Top Analysts and Top Analyst's to Watch by CEO World. Mr. Peters earned a BA in Finance from The College of New Jersey and an MBA from Fordham University. He is also a member of the Fixed Income Analyst Society and the Bond Market Association.

Lynne Royer


Start Date

Tenure

Tenure Rank

Jul 13, 2015

4.64

4.6%

Ms. Royer is Vice President, Portfolio Manager, and Head of the Disciplined Alpha Team at Loomis Sayles. Ms. Royer began her investment industry career in 1985 and joined Loomis Sayles in 2010 from Wells Capital Management, where she was senior portfolio manager and co-head of the Montgomery core fixed income investment team. Previously, Ms. Royer was a lending officer with Morgan Guaranty Trust Company (J.P. Morgan). Earlier, she was a financial analyst in the equity research department at Barclays de Zoete Wedd and an analyst in the corporate finance department at Drexel Burnham Lambert. Ms. Royer is a Phi Beta Kappa graduate of Gettysburg College and earned an MBA from the Anderson Graduate School of Management at the University of California, Los Angeles.

Barbara Miller


Start Date

Tenure

Tenure Rank

Sep 14, 2015

4.46

4.5%

An employee of JPMIM or predecessor firms since 1994 and portfolio manager for the Fund since September 2015, Ms. Miller is currently the head of the U.S. Value Driven Platform within JPMIM’s Global Fixed Income, Currency & Commodities Group (GFICC). She also has served as the manager and a senior portfolio manager for the Fixed Income Mid Institutional Taxable Group since 2007 which provides individually managed fixed income investments for fully discretionary, institutional accounts and personal investment management accounts.

Richard Figuly


Start Date

Tenure

Tenure Rank

Jul 09, 2018

1.64

1.6%

Managing Director, became part of the team responsible for management of the Fund in September 2015. An employee of JPMIM or predecessor firms since 1993, Mr. Figuly is a member of the GFICC group and a portfolio manager for the U.S. Value Driven team and is responsible for managing certain J.P. Morgan Funds and institutional taxable bond portfolios.

Justin Rucker


Start Date

Tenure

Tenure Rank

Oct 28, 2019

0.34

0.3%

Justin Rucker, executive director, is a member of the Global Fixed Income, Currency & Commodities (GFICC) group. Based in Columbus, Justin is a portfolio manager for the U.S. Value Driven team and is responsible for managing Long Duration & Core Bond institutional taxable bond portfolios and fund vehicles. Justin is responsible for long duration strategies with benchmarks that span the range from actively managed to custom liability-based across a broad spectrum of fixed income sectors. An employee since 2006, Justin most recently was a member of the Mid Institutional Portfolio Management team specializing in structured product sectors & managing Core Bond portfolios. He also spent three years in the client portfolio management group for Global Fixed Income & three years as an Internal Client Advisor for JPMorgan Mutual Funds. Prior to joining the firm, Justin worked the trade desk for Open E Cry, LLC, a brokerage firm specializing in Futures and FX trading. Justin holds a B.S. in finance from the University of Dayton, an M.B.A. from Capital University, and is a CFA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 33.27 7.41 0.16