Bridge Builder Municipal Bond Fund
Objective
The Bridge Builder Municipal Bond Fund aims to provide current income exempt from federal tax, with a secondary goal of preservation of investment principal.
Strategy
The Municipal Bond Fund invests at least 80% of its net assets in municipal securities of any maturity or duration whose interest is exempt from federal income tax. Municipal securities include debt obligations issued by or on behalf of a state or local entity or other qualifying issuer that pay interest that is generally excludable from gross income for federal income tax purposes. Interest may be includable in taxable income for investors subject to the federal alternative minimum tax. The Fund employs a multi-manager sub-advised structure.
MONTHLY PERFORMANCE AS OF 08/31/2024
| 1 M | 3 M | YTD | 1 Y | 3 Y | 5 Y | Since Inception 09/14/2015 |
Gross Expense Ratio |
|
|---|---|---|---|---|---|---|---|---|
| Bridge Builder Municipal Bond Fund | 0.79% | 2.91% | 2.04% | 6.22% | 0.04% | 1.27% | 2.39% | 0.38% |
| Bloomberg Municipal 1-15 Year Index | 0.88% | 3.10% | 1.13% | 5.17% | -0.04% | 1.13% | 2.21% |
QUARTERLY PERFORMANCE AS OF 06/30/2024
| 3 M | YTD | 1 Y | 3 Y | 5 Y | Since Inception 09/14/2015 |
|
|---|---|---|---|---|---|---|
| Bridge Builder Municipal Bond Fund | 0.33% | 0.44% | 4.11% | -0.35% | 1.37% | 2.25% |
| Bloomberg Municipal 1-15 Year Index | -0.34% | -0.63% | 2.69% | -0.45% | 1.16% | 2.05% |
DAILY NAV AS OF October 02, 2024
| NAV | NAV Change | |
|---|---|---|
| Bridge Builder Municipal Bond Fund | $10.06 | $0.00 |
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 |
|---|---|---|---|---|
| 09/30/2024 | Income Dividend | 0.027526434 | $10.04 | 09/30/2024 |
| 08/30/2024 | Income Dividend | 0.028475091 | $9.98 | 08/30/2024 |
| 07/31/2024 | Income Dividend | 0.028119138 | $9.93 | 07/31/2024 |
| 06/28/2024 | Income Dividend | 0.027109928 | $9.88 | 06/28/2024 |
| 05/31/2024 | Income Dividend | 0.028303350 | $9.78 | 05/31/2024 |
| 04/30/2024 | Income Dividend | 0.027038138 | $9.83 | 04/30/2024 |
| 03/28/2024 | Income Dividend | 0.027681468 | $9.93 | 03/28/2024 |
| 02/29/2024 | Income Dividend | 0.025940840 | $9.95 | 02/29/2024 |
| 01/31/2024 | Income Dividend | 0.027288454 | $9.96 | 01/31/2024 |
| 12/29/2023 | Income Dividend | 0.027182460 | $10.00 | 12/29/2023 |
| 11/30/2023 | Income Dividend | 0.025728161 | $9.82 | 11/30/2023 |
| 10/31/2023 | Income Dividend | 0.025786012 | $9.39 | 10/31/2023 |
| 09/29/2023 | Income Dividend | 0.024920958 | $9.49 | 09/29/2023 |
| 08/31/2023 | Income Dividend | 0.024249129 | $9.71 | 08/31/2023 |
| 07/31/2023 | Income Dividend | 0.023995211 | $9.81 | 07/31/2023 |
| 06/30/2023 | Income Dividend | 0.024428891 | $9.80 | 06/30/2023 |
| 05/31/2023 | Income Dividend | 0.023753026 | $9.74 | 05/31/2023 |
| 04/28/2023 | Income Dividend | 0.022777586 | $9.83 | 04/28/2023 |
| 03/31/2023 | Income Dividend | 0.024351048 | $9.86 | 03/31/2023 |
| 02/28/2023 | Income Dividend | 0.022598728 | $9.72 | 02/28/2023 |
| 01/31/2023 | Income Dividend | 0.024115157 | $9.93 | 01/31/2023 |
| 12/30/2022 | Income Dividend | 0.024586727 | $9.69 | 12/30/2022 |
| 11/30/2022 | Income Dividend | 0.022280082 | $9.71 | 11/30/2022 |
| 10/31/2022 | Income Dividend | 0.022045779 | $9.35 | 10/31/2022 |
| 09/30/2022 | Income Dividend | 0.020156052 | $9.44 | 09/30/2022 |
| 08/31/2022 | Income Dividend | 0.020161328 | $9.78 | 08/31/2022 |
| 07/29/2022 | Income Dividend | 0.019644691 | $9.99 | 07/29/2022 |
| 06/30/2022 | Income Dividend | 0.018737253 | $9.78 | 06/30/2022 |
| 05/31/2022 | Income Dividend | 0.018396575 | $9.96 | 05/31/2022 |
| 04/29/2022 | Income Dividend | 0.017675279 | $9.85 | 04/29/2022 |
| 03/31/2022 | Income Dividend | 0.016529261 | $10.11 | 03/31/2022 |
| 02/28/2022 | Income Dividend | 0.015344398 | $10.41 | 02/28/2022 |
| 01/31/2022 | Income Dividend | 0.016972395 | $10.48 | 01/31/2022 |
| 12/31/2021 | Income Dividend | 0.016729523 | $10.75 | 12/31/2021 |
| 11/30/2021 | Income Dividend | 0.016919359 | $10.76 | 11/30/2021 |
| 10/29/2021 | Income Dividend | 0.017376326 | $10.69 | 10/29/2021 |
| 09/30/2021 | Income Dividend | 0.016059422 | $10.73 | 09/30/2021 |
| 08/31/2021 | Income Dividend | 0.016843011 | $10.82 | 08/31/2021 |
| 07/30/2021 | Income Dividend | 0.017127500 | $10.86 | 07/30/2021 |
| 06/30/2021 | Income Dividend | 0.016549285 | $10.81 | 06/30/2021 |
| 05/28/2021 | Income Dividend | 0.017488713 | $10.79 | 05/28/2021 |
| 04/30/2021 | Income Dividend | 0.017134305 | $10.76 | 04/30/2021 |
| 03/31/2021 | Income Dividend | 0.018233936 | $10.69 | 03/31/2021 |
| 02/26/2021 | Income Dividend | 0.016826612 | $10.65 | 02/26/2021 |
| 01/29/2021 | Income Dividend | 0.019290544 | $10.80 | 01/29/2021 |
| 12/31/2020 | Income Dividend | 0.017011786 | $10.74 | 12/31/2020 |
| 11/30/2020 | Income Dividend | 0.018379087 | $10.67 | 11/30/2020 |
| 10/30/2020 | Income Dividend | 0.018616519 | $10.56 | 10/30/2020 |
| 09/30/2020 | Income Dividend | 0.019232748 | $10.58 | 09/30/2020 |
| 08/31/2020 | Income Dividend | 0.020303429 | $10.60 | 08/31/2020 |
| 07/31/2020 | Income Dividend | 0.020699889 | $10.62 | 07/31/2020 |
| 06/30/2020 | Income Dividend | 0.021328778 | $10.49 | 06/30/2020 |
| 05/29/2020 | Income Dividend | 0.020915395 | $10.36 | 05/29/2020 |
| 04/30/2020 | Income Dividend | 0.020990261 | $10.11 | 04/30/2020 |
| 03/31/2020 | Income Dividend | 0.021836228 | $10.27 | 03/31/2020 |
| 02/28/2020 | Income Dividend | 0.021051312 | $10.78 | 02/28/2020 |
| 01/31/2020 | Income Dividend | 0.021611467 | $10.69 | 01/31/2020 |
| 12/31/2019 | Income Dividend | 0.021382427 | $10.55 | 12/31/2019 |
| 11/29/2019 | Income Dividend | 0.020642293 | $10.54 | 11/29/2019 |
| 10/31/2019 | Income Dividend | 0.020989180 | $10.54 | 10/31/2019 |
| 09/30/2019 | Income Dividend | 0.021866552 | $10.55 | 09/30/2019 |
| 08/30/2019 | Income Dividend | 0.022556591 | $10.63 | 08/30/2019 |
| 07/31/2019 | Income Dividend | 0.022692661 | $10.52 | 07/31/2019 |
| 06/28/2019 | Income Dividend | 0.022835006 | $10.46 | 06/28/2019 |
| 05/31/2019 | Income Dividend | 0.026716571 | $10.44 | 05/31/2019 |
| 04/30/2019 | Income Dividend | 0.022620729 | $10.33 | 04/30/2019 |
| 03/29/2019 | Income Dividend | 0.023526431 | $10.32 | 03/29/2019 |
| 02/28/2019 | Income Dividend | 0.021021860 | $10.21 | 02/28/2019 |
| 01/31/2019 | Income Dividend | 0.023610319 | $10.17 | 01/31/2019 |
| 12/31/2018 | Income Dividend | 0.023813466 | $10.11 | 12/31/2018 |
| 11/30/2018 | Income Dividend | 0.022268204 | $10.03 | 11/30/2018 |
| 10/31/2018 | Income Dividend | 0.021587766 | $9.96 | 10/31/2018 |
| 09/28/2018 | Income Dividend | 0.019961673 | $10.03 | 09/28/2018 |
| 08/31/2018 | Income Dividend | 0.020312159 | $10.10 | 08/31/2018 |
| 07/31/2018 | Income Dividend | 0.019645026 | $10.10 | 07/31/2018 |
| 06/29/2018 | Income Dividend | 0.017740749 | $10.09 | 06/29/2018 |
| 05/31/2018 | Income Dividend | 0.018702732 | $10.10 | 05/31/2018 |
| 04/30/2018 | Income Dividend | 0.018432329 | $10.02 | 04/30/2018 |
| 03/29/2018 | Income Dividend | 0.017917063 | $10.07 | 03/29/2018 |
| 02/28/2018 | Income Dividend | 0.018704548 | $10.06 | 02/28/2018 |
| 01/31/2018 | Income Dividend | 0.018102975 | $10.11 | 01/31/2018 |
| 12/29/2017 | Income Dividend | 0.025038596 | $10.20 | 12/29/2017 |
| 11/30/2017 | Income Dividend | 0.016791467 | $10.15 | 11/30/2017 |
| 10/31/2017 | Income Dividend | 0.016396629 | $10.21 | 10/31/2017 |
| 09/29/2017 | Income Dividend | 0.015107383 | $10.22 | 09/29/2017 |
| 08/31/2017 | Income Dividend | 0.015441721 | $10.26 | 08/31/2017 |
| 07/31/2017 | Income Dividend | 0.015337477 | $10.20 | 07/31/2017 |
| 06/30/2017 | Income Dividend | 0.014851158 | $10.14 | 06/30/2017 |
| 05/31/2017 | Income Dividend | 0.015744508 | $10.18 | 05/31/2017 |
| 04/28/2017 | Income Dividend | 0.015484526 | $10.08 | 04/28/2017 |
| 03/31/2017 | Income Dividend | 0.016546178 | $10.03 | 03/31/2017 |
| 02/28/2017 | Income Dividend | 0.013956019 | $10.02 | 02/28/2017 |
| 01/31/2017 | Income Dividend | 0.018042596 | $9.97 | 01/31/2017 |
| 12/30/2016 | Income Dividend | 0.023849129 | $9.93 | 12/30/2016 |
| 12/16/2016 | Long Term Capital Gain | 0.000830000 | $9.89 | 12/16/2016 |
| 12/16/2016 | Short Term Capital Gain | 0.009970000 | $9.89 | 12/16/2016 |
| 11/30/2016 | Income Dividend | 0.016906436 | $9.91 | 11/30/2016 |
| 10/31/2016 | Income Dividend | 0.015856731 | $10.24 | 10/31/2016 |
| 09/30/2016 | Income Dividend | 0.013537450 | $10.34 | 09/30/2016 |
| 08/31/2016 | Income Dividend | 0.012194259 | $10.38 | 08/31/2016 |
| 07/29/2016 | Income Dividend | 0.012392402 | $10.38 | 07/29/2016 |
| 06/30/2016 | Income Dividend | 0.011525448 | $10.38 | 06/30/2016 |
| 05/31/2016 | Income Dividend | 0.014652297 | $10.26 | 05/31/2016 |
| 04/29/2016 | Income Dividend | 0.015980465 | $10.25 | 04/29/2016 |
| 03/31/2016 | Income Dividend | 0.016890842 | $10.21 | 03/31/2016 |
| 02/29/2016 | Income Dividend | 0.014522520 | $10.20 | 02/29/2016 |
| 01/29/2016 | Income Dividend | 0.017174332 | $10.20 | 01/29/2016 |
| 12/31/2015 | Income Dividend | 0.020957889 | $10.12 | 12/31/2015 |
| 12/18/2015 | Short Term Capital Gain | 0.005730000 | $10.12 | 12/18/2015 |
| 11/30/2015 | Income Dividend | 0.005989688 | $10.09 | 11/30/2015 |
| 10/30/2015 | Income Dividend | 0.009942399 | $10.06 | 10/30/2015 |
| 09/30/2015 | Income Dividend | 0.027928633 | $10.04 | 09/30/2015 |
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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. Investing in the bond market is subject to certain risks including market, credit, interest-rate, liquidity and reinvestment risk. Investments in asset-backed, mortgage-related and mortgage- backed securities may be more sensitive to changes in interest rates, prepayments and impairment of the value of the collateral underlying the security. Investments in lower-rated and non-rated securities presents a greater risk of loss to principal and interest than higher-rated securities. 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. The value of the Fund’s investments in municipal securities may be adversely affected by unfavorable legislative or political developments and economic developments that impact the financial condition of municipal issuers.
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.