Bridge Builder Large Cap Value Fund

Objective

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

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.

Fund Facts

As of March 31, 2024

Ticker: BBVLX

CUSIP: 10803R306

Benchmark Index: Russell 1000® Value Index

Inception Date: April 27, 2015

Total Assets: $21.23 Billion

Gross Expense Ratio: 0.45%

Net Expense Ratio*: 0.23%

Number of Holdings: 936

*Contractual fee waivers in effect through October 28, 2024.

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.

LSV Asset Management

Primarily invests in large and medium capitalization U.S. companies. LSV uses a bottom-up investment style, seeking to identify companies that are trading at prices substantially below their intrinsic value.

T. Rowe Price Associates, Inc.

T. Rowe Price’s active investment approach emphasizes the value of large-capitalization stocks that have a strong track record of paying dividends or that appear to be undervalued by various measures and may be temporarily out of favor but have good prospects for capital appreciation and dividend growth.

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.

MONTHLY PERFORMANCE AS OF 06/30/2024
1 M 3 M YTD 1 Y 3 Y 5 Y Since Inception
04/27/2015		 Gross Expense
Ratio
Bridge Builder Large Cap Value Fund -0.51% -1.19% 7.46% 15.15% 7.39% 11.76% 10.19% 0.45%
Russell 1000® Value Index -0.94% -2.17% 6.62% 13.06% 5.52% 9.01% 8.37%
QUARTERLY PERFORMANCE AS OF 06/30/2024
3 M YTD 1 Y 3 Y 5 Y Since Inception
04/27/2015
Bridge Builder Large Cap Value Fund -1.19% 7.46% 15.15% 7.39% 11.76% 10.19%
Russell 1000® Value Index -2.17% 6.62% 13.06% 5.52% 9.01% 8.37%
DAILY NAV AS OF July 26, 2024
NAV NAV Change
Bridge Builder Large Cap Value Fund $17.80 $0.24

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. Performance for periods greater than one-year is annualized.

The Gross Expense Ratio, per the Fund’s latest prospectus, includes all categories of expenses before any expense reductions or fee waivers.

Ex-Date Distribution Type $ Amount Per Share Reinvest Price Reinvest Date
06/28/2024 Income Dividend 0.090520000 $17.27 06/28/2024
03/28/2024 Income Dividend 0.081790000 $17.57 03/28/2024
12/29/2023 Income Dividend 0.086550000 $16.23 12/29/2023
12/22/2023 Short Term Capital Gain 0.006990000 $16.23 12/22/2023
12/22/2023 Long Term Capital Gain 0.498540000 $16.23 12/22/2023
09/29/2023 Income Dividend 0.076780000 $15.28 09/29/2023
06/30/2023 Income Dividend 0.083520000 $15.78 06/30/2023
03/31/2023 Income Dividend 0.075200000 $15.15 03/31/2023
12/30/2022 Income Dividend 0.083990000 $15.01 12/30/2022
12/22/2022 Short Term Capital Gain 0.069600000 $14.97 12/23/2022
12/22/2022 Long Term Capital Gain 0.984570000 $14.97 12/23/2022
09/30/2022 Income Dividend 0.078200000 $14.45 09/30/2022
06/30/2022 Income Dividend 0.083890000 $15.20 06/30/2022
03/31/2022 Income Dividend 0.069260000 $17.18 03/31/2022
12/31/2021 Income Dividend 0.072720000 $17.31 12/31/2021
12/22/2021 Short Term Capital Gain 0.262900000 $17.06 12/22/2021
12/22/2021 Long Term Capital Gain 0.679850000 $17.06 12/22/2021
09/30/2021 Income Dividend 0.073200000 $17.27 09/30/2021
06/30/2021 Income Dividend 0.070820000 $17.24 06/30/2021
03/31/2021 Income Dividend 0.067350000 $16.31 03/31/2021
02/26/2021 Income Dividend 0.000000000 $15.42 02/26/2021
01/29/2021 Income Dividend 0.000000000 $14.38 01/29/2021
12/31/2020 Income Dividend 0.067000000 $14.72 12/31/2020
11/30/2020 Income Dividend 0.000000000 $14.14 11/30/2020
10/30/2020 Income Dividend 0.000000000 $12.32 10/30/2020
09/30/2020 Income Dividend 0.062570000 $12.52 09/30/2020
08/31/2020 Income Dividend 0.000000000 $12.88 08/31/2020
07/31/2020 Income Dividend 0.000000000 $12.23 07/31/2020
06/30/2020 Income Dividend 0.053180000 $11.77 06/30/2020
05/29/2020 Income Dividend 0.000000000 $11.78 05/29/2020
04/30/2020 Income Dividend 0.000000000 $11.21 04/30/2020
03/31/2020 Income Dividend 0.055030000 $10.04 03/31/2020
12/31/2019 Income Dividend 0.057590000 $13.70 12/31/2019
12/13/2019 Short Term Capital Gain 0.005340000 $13.55 12/13/2019
09/30/2019 Income Dividend 0.067380000 $12.91 09/30/2019
06/28/2019 Income Dividend 0.060000000 $12.71 06/28/2019
03/29/2019 Income Dividend 0.057233780 $12.21 03/29/2019
12/31/2018 Income Dividend 0.057719820 $10.87 12/31/2018
12/14/2018 Short Term Capital Gain 0.011820000 $11.31 12/14/2018
12/14/2018 Long Term Capital Gain 0.151810000 $11.31 12/14/2018
09/28/2018 Income Dividend 0.059268720 $12.78 09/28/2018
06/29/2018 Income Dividend 0.047231380 $12.12 06/29/2018
03/29/2018 Income Dividend 0.047595260 $11.82 03/29/2018
12/29/2017 Income Dividend 0.049731170 $12.22 12/29/2017
12/15/2017 Short Term Capital Gain 0.026200000 $12.19 12/15/2017
12/15/2017 Long Term Capital Gain 0.060830000 $12.19 12/15/2017
09/29/2017 Income Dividend 0.049164360 $11.74 09/29/2017
06/30/2017 Income Dividend 0.046632460 $11.38 06/30/2017
03/31/2017 Income Dividend 0.039422750 $11.11 03/31/2017
12/30/2016 Income Dividend 0.051411800 $10.67 12/30/2016
09/30/2016 Income Dividend 0.044889890 $10.17 09/30/2016
06/30/2016 Income Dividend 0.037500000 $9.86 06/30/2016
03/31/2016 Income Dividend 0.045205300 $9.59 03/31/2016
12/31/2015 Income Dividend 0.042516580 $9.39 12/31/2015
12/18/2015 Long Term Capital Gain 0.000050000 $9.27 12/18/2015
12/18/2015 Short Term Capital Gain 0.004580000 $9.27 12/18/2015
09/30/2015 Income Dividend 0.041569590 $8.98 09/30/2015
06/30/2015 Income Dividend 0.028119490 $9.81 06/30/2015
LEARN MORE

Past performance does not guarantee future results.

Mutual fund investing involves risk. The value of your investment in the Fund could go down as well as up. The Fund may invest in non-U.S dollar-denominated foreign securities (including emerging markets), which may be more sensitive to currency fluctuations, political and economic instability, differing government regulations and liquidity risk. The Fund may also invest in derivatives which could increase the Fund’s volatility. Multi-manager and multi-style management may lead to overlapping securities transactions and higher transaction expenses compared to single investment management styles. Outcomes depend on the skill of the sub-advisers and adviser and the allocation of assets amongst them. Value stocks can perform differently from the market as a whole and other types of stocks and may underperform other types of investments or investment styles, as different market styles tend to shift in and out of favor depending upon market conditions and other factors. The Fund may invest in smaller companies, which involve additional risks such as limited liquidity and greater volatility than large companies.

Click here for index and financial term definitions.

Before you invest in The Bridge Builder Funds, please refer to the prospectus for important information about the investment company, including investment objectives, risks, charges and expenses. You may also obtain a hard copy of the prospectus by calling 1-855-823-3611. The prospectus should be read and considered carefully before you invest or send money.

The Bridge Builder Funds are only available through eligible Edward Jones advisory programs.

The Bridge Builder Funds are distributed by ALPS Distributors, Inc.
There is no affiliation between ALPS Distributors, Inc. and Bridge Builder Trust and any of its affiliates and subsidiaries.