Bridge Builder Small/Mid Cap Value Fund

Objective

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

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.

Fund Facts

As of June 30, 2024

Ticker: BBVSX

CUSIP: 10803R504

Benchmark Index: Russell 2500® Value Index

Inception Date: April 27, 2015

Total Assets: $7.88 Billion

Gross Expense Ratio: 0.67%

Net Expense Ratio*: 0.41%

Number of Holdings: 2,303

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

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.

Diamond Hill Capital Management, Inc.

Typically invests in U.S. equity securities of small to medium market capitalization companies measured at the time of purchase. Diamond Hill’s objective with respect to its allocated portion is to seek long-term capital appreciation by investing in companies selling for less than Diamond Hill’s estimate of intrinsic value.

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.

MFS Investment Management

Primarily invests in securities of companies with small capitalizations. MFS focuses on investing in the stocks of companies it believes are undervalued compared to their perceived worth (value companies). MFS uses an active bottom-up investment approach to buying and selling investments. Investments are selected primarily based on fundamental analysis of individual issuers.

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, L.P.

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.

American Century Investment Management, Inc.

American Century invests 80% of the portion of the Fund’s net assets that it manages in small capitalization companies, looks for companies whose stock price may not reflect the company’s value, and attempts to purchase the stocks of undervalued companies and hold each stock until the price has increased to, or is higher than, a level the managers believe more accurately reflects the value of the company.

MONTHLY PERFORMANCE AS OF 08/31/2024
1 M 3 M YTD 1 Y 3 Y 5 Y Since Inception
04/27/2015		 Gross Expense
Ratio
Bridge Builder Small/Mid Cap Value Fund 0.46% 5.89% 11.61% 20.96% 6.50% 11.45% 8.26% 0.67%
Russell 2500® Value Index -- 5.92% 9.72% 18.14% 4.62% 10.66% 7.90%
QUARTERLY PERFORMANCE AS OF 06/30/2024
3 M YTD 1 Y 3 Y 5 Y Since Inception
04/27/2015
Bridge Builder Small/Mid Cap Value Fund -4.18% 3.65% 13.20% 4.31% 9.39% 7.55%
Russell 2500® Value Index -4.31% 1.50% 11.24% 2.15% 8.01% 7.14%
DAILY NAV AS OF October 02, 2024
NAV NAV Change
Bridge Builder Small/Mid Cap Value Fund $15.27 $-0.03

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
12/27/2023 Income Dividend 0.194260000 $13.82 12/27/2023
12/22/2023 Long Term Capital Gain 0.338350000 $13.89 12/22/2023
12/27/2022 Income Dividend 0.148370000 $12.38 12/27/2022
12/22/2022 Long Term Capital Gain 0.787550000 $12.41 12/23/2022
12/27/2021 Income Dividend 0.155180000 $14.69 12/27/2021
12/22/2021 Long Term Capital Gain 0.902720000 $14.54 12/22/2021
12/22/2021 Short Term Capital Gain 0.551910000 $14.54 12/22/2021
03/31/2021 Income Dividend 0.000000000 $14.74 03/31/2021
02/26/2021 Income Dividend 0.000000000 $13.94 02/26/2021
12/28/2020 Income Dividend 0.152210000 $12.80 12/28/2020
12/27/2019 Income Dividend 0.163210000 $12.35 12/27/2019
12/28/2018 Income Dividend 0.137930920 $9.71 12/28/2018
12/14/2018 Long Term Capital Gain 0.327770000 $10.30 12/14/2018
12/14/2018 Short Term Capital Gain 0.025920000 $10.30 12/14/2018
12/28/2017 Income Dividend 0.134958850 $12.06 12/28/2017
12/15/2017 Long Term Capital Gain 0.007110000 $12.00 12/15/2017
12/29/2016 Income Dividend 0.088654050 $10.81 12/29/2016
12/18/2015 Long Term Capital Gain 0.000480000 $9.09 12/18/2015
12/18/2015 Income Dividend 0.056236500 $9.09 12/18/2015
12/18/2015 Short Term Capital Gain 0.006610000 $9.09 12/18/2015
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.