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BBTBX Bridge Builder Core Bond

  • Fund
  • BBTBX
  • Price as of: Aug 08, 2016
  • $10.47
  • - $0.00
  • - 0.00%
  • Category
  • Total Bond Market

BBTBX - Profile

Vitals

  • YTD Return 4.4%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $10.8 B
  • Holdings in Top 10 9.3%

52 WEEK LOW AND HIGH

$10.47
$10.01
$10.55

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.38%

SALES FEES

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

BROKERAGE FEES

  • Turnover 115.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Intermediate-Term Bond

Distributions

  • YTD Total Return 4.4%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.17%
DIVIDENDS
  • Dividend Yield N/A
  • 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 N/A
  • Share Class Other
  • Currency USD
  • Domiciled Country United States
  • Manager Charles B. Groeschell

BBTBX - Performance

Return Ranking - Trailing

Period BBTBX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 4.4% -29.9% 209.8% 18.60% 2
1 Yr 6.4% -15.9% 20.3% 6.36% 1
3 Yr N/A * -6.4% 10.4% N/A N/A
5 Yr N/A * -3.4% 9.0% N/A N/A
10 Yr N/A * -1.1% 10.2% N/A N/A

* Annualized


Return Ranking - Calendar

Period BBTBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -1.8% -51.0% 6.6% 24.19% 2
2014 N/A -0.4% 2.9% N/A N/A
2013 N/A -4.9% -0.8% N/A N/A
2012 N/A 0.8% 13.9% N/A N/A
2011 N/A -1.7% 3.8% N/A N/A

Total Return Ranking - Trailing

Period BBTBX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 4.4% -8.1% 209.8% 19.01% 2
1 Yr 6.4% -19.0% 20.3% 5.29% 1
3 Yr N/A * -7.1% 10.4% N/A N/A
5 Yr N/A * -4.3% 9.0% N/A N/A
10 Yr N/A * -1.1% 10.2% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period BBTBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -1.8% -51.0% 6.6% 24.27% 2
2014 N/A -0.3% 4.5% N/A N/A
2013 N/A -4.6% 0.6% N/A N/A
2012 N/A 1.4% 15.7% N/A N/A
2011 N/A -0.9% 5.5% N/A N/A

NAV & Total Return History

BBTBX - Holdings

Filings data as of: Mar 31, 2016

Concentration Analysis

BBTBX Category Low Category High BBTBX % Rank Quintile
Net Assets 10.8 B 319 K 169 B 1.88% 1
Number of Holdings 5773 1 17404 0.31% 1
Net Assets in Top 10 687 M -36 B 21.5 B 4.63% 1
Weighting of Top 10 9.3% 0.0% 1826.2% 28.43% 5

Top 10 Holdings

  1. 2 Year US Treasury Note Future June16 1.71%
  2. US Treasury Bond 3.5% 1.44%
  3. Ginnie Mae Jumbos TBA 3.5% 2046-04-01 1.04%
  4. US 5 Year Note (CBT) June16 0.92%
  5. US Treasury Note 1.625% 0.87%
  6. U.S. Treasury Bond June16 0.83%
  7. US Treasury Note 0.094% 0.67%
  8. Fannie Mae Single Family TBA 2.5% 2031-04-01 0.63%
  9. US 10 Year Note (CBT) June16 0.57%
  10. US Treasury Bond 2.875% 0.56%

Asset Allocation

Weighting Category Low Category High BBTBX % Rank Quintile
Bonds
91.90% -175.98% 181.87% 10.89% 2
Cash
8.03% -82.73% 275.92% 15.62% 3
Other
0.07% -15.97% 117.15% 12.87% 4
Convertible Bonds
0.00% 0.00% 18.40% 5.29% 5
Preferred Stocks
0.00% -0.07% 17.65% 7.78% 5
Stocks
0.00% -5.60% 98.06% 5.39% 5

Bond Sector Breakdown

Weighting Category Low Category High BBTBX % Rank Quintile
Securitized
43.03% 0.00% 275.57% 6.92% 2
Corporate
28.24% 0.00% 502.59% 19.58% 4
Government
19.91% -990.83% 129.84% 13.94% 3
Cash & Equivalents
8.03% -63.55% 811.66% 15.77% 3
Municipal
0.64% 0.00% 106.20% 10.07% 3
Derivative
0.00% -895.14% 18.41% 2.14% 4

Bond Geographic Breakdown

Weighting Category Low Category High BBTBX % Rank Quintile
US
81.84% -513.97% 163.91% 11.44% 2
Non US
10.06% -5.42% 399.20% 15.11% 3

BBTBX - Expenses

Operational Fees

BBTBX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.38% 0.00% 42.51% 12.82% 1
Management Fee 0.32% 0.00% 2.15% 3.46% 2
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.63% N/A N/A

Sales Fees

BBTBX Fees (% of AUM) Category Low Category High BBTBX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 0.15% 5.50% N/A N/A

Trading Fees

BBTBX Fees (% of AUM) Category Low Category High BBTBX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover 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 Low Category High BBTBX Rank Quintile
Turnover 115.00% 0.00% 1944.00% 8.80% 4

BBTBX - Distributions

Dividend Yield Analysis

BBTBX Category Low Category High BBTBX % Rank Quintile
Dividend Yield N/A 0.00% 1.30% N/A N/A

Dividend Distribution Analysis

BBTBX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Net Income Ratio Analysis

BBTBX Category Low Category High BBTBX % Rank Quintile
Net Income Ratio 2.17% -1.76% 17.13% 12.52% 3

Capital Gain Distribution Analysis

BBTBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency N/A Annually Daily Annually

BBTBX - Managers

Charles B. Groeschell

Manager

Start Date

Oct 28, 2013

Tenure

2.76

Tenure Rank

6.9%

Charles B. Groeschell is a Managing Director and Senior Portfolio Manager of Baird. Mr. Groeschell joined Baird Advisors in February 2000 and has been a Managing Director of Baird Advisors, and a Senior Portfolio Manager for at least the past 5 years. Prior to joining Baird Advisors, Mr. Groeschell was a Senior Vice President and Senior Portfolio Manager with FIRMCO, where he played a lead role in the overall management of major fixed-income client relationships. Mr. Groeschell received his B.A. from Texas Christian University and his M.B.A. from the University of Wisconsin-Milwaukee.


Jay E. Schwister

Manager

Start Date

Oct 28, 2013

Tenure

2.76

Tenure Rank

6.9%

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.


Peter D. Simons

Manager

Start Date

Oct 28, 2013

Tenure

2.76

Tenure Rank

6.9%

Peter Simons, executive director, is a member of the Global Fixed Income, Currency&Commodities (GFICC) group. Based in Columbus, Peter is a portfolio manager for the U.S. Value Driven team and is responsible for managing institutional taxable bond portfolios. Prior to joining the firm in 2001, Peter worked as a graduate assistant in the Office of the Treasurer at The Ohio State University, assisting in the management of the university short-term investments. Previously, he worked at Nifco U.S. as a design engineer in the automotive industry. Peter holds a B.S. in mechanical engineering from Cedarville University, an M.B.A. from The Ohio State University and is a CFA charterholder.


Gregory Peters

Manager

Start Date

Mar 31, 2014

Tenure

2.34

Tenure Rank

7.2%

Gregory Peters is a Managing Director, Senior Investment Officer and senior portfolio manager. Prior to joining Prudential 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. 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.


Mary Ellen Stanek

Manager

Start Date

Oct 28, 2013

Tenure

2.76

Tenure Rank

6.9%

Ms. Stanek is a managing director and chief investment officer with Robert W. Baird & Co Incorporated. Prior to joining Baird, she was president and chief executive officer of Firstar Investment Research & Management Company. Ms. Stanek serves on the board of Robert W. Baird & Co., as President of the Baird Funds, and is chair of the Baird Diversity Steering Committee. 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.


Warren D. Pierson

Manager

Start Date

Oct 28, 2013

Tenure

2.76

Tenure Rank

6.9%

Mr. Pierson is a senior vice president and 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.


Richard Piccirillo

Manager

Start Date

Oct 28, 2013

Tenure

2.76

Tenure Rank

6.9%

Richard Piccirillo is a Principal and senior portfolio manager for Prudential 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.


M. Sharon deGuzman

Manager

Start Date

Oct 28, 2013

Tenure

2.76

Tenure Rank

6.9%

Ms. deGuzman is a Senior Vice President and Senior Portfolio Manager of the Robert W. Baird & Co. Incorporated. She has been in managing taxable and tax-exempt fixed income portfolios since 1991. Ms. deGuzman joined Baird Advisors in February 2000. Prior to joining Baird Advisors, Ms. deGuzman was employed by FIRMCO where she served as an Assistant Vice President and Portfolio Manager from November 1998 to February 2000, a Portfolio Manager from November 1996 to November 1998, and a Fixed Income Analyst from November 1995 to November 1996. Ms. deGuzman performed quantitative fixed income analysis and portfolio management while at FIRMCO. She received her undergraduate degree from Eastern Illinois University. She is a member of the CFA Institute and the Milwaukee Investment Analysts Society.


Michael J. Collins

Manager

Start Date

Mar 31, 2014

Tenure

2.34

Tenure Rank

7.2%

Michael J. Collins, CFA, is a Managing Director and Senior Investment Officer for Prudential Fixed Income. He is also senior portfolio manager for Core Plus, Absolute Return, and other multi-sector Fixed Income strategies.  Previously, Mr. Collins was a High Yield Portfolio Manager and Fixed Income Investment Strategist. He continues to work closely with the high yield team and other credit teams on portfolio strategy and construction. Earlier he was a credit research analyst, covering investment grade and high yield corporate credits.  Additionally, he developed proprietary quantitative international interest rate and currency valuation models for our global bond unit.  Mr. Collins began his career at Prudential Financial in 1986 as a software applications designer.  He received a BS in Mathematics and Computer Science from the State University of New York at Binghamton and an MBA in Finance from New York University.  Mr. Collins holds the Chartered Financial Analyst (CFA) designation and is a Fellow of the Life Management Institute (FLMI).


Lynne A. Royer

Manager

Start Date

Jul 13, 2015

Tenure

1.05

Tenure Rank

8.3%

Lynne Royer, vice president of Loomis Sayles and co-head of the disciplined alpha team at Loomis, Sayles & Company. Lynne 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, Lynne 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. Lynne 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.


William C. Stevens

Manager

Start Date

Jul 13, 2015

Tenure

1.05

Tenure Rank

8.3%

William Stevens is a vice president, portfolio manager and co-head of the disciplined alpha team at Loomis, Sayles & Company. Bill began his investment industry career in 1980 and joined Loomis Sayles in 2009 from Wells Capital Management, where he was senior portfolio manager and co-head of the Montgomery fixed income team. He also served as chief fixed income officer. Previously, Bill was president and chief investment officer of Montgomery Asset Management with oversight responsibilities for all investment-related activities, and was co-head and founder of the fixed income division. Earlier, he launched the collateralized mortgage obligation and asset-backed securities trading department at Barclays de Zoete Wedd Securities, and headed the structured product department at Drexel Burnham Lambert, where he oversaw trading, structuring and research. Bill is a Phi Beta Kappa graduate of Wesleyan University and earned an MBA from the Harvard Business School.


Barbara E. Miller

Manager

Start Date

Sep 14, 2015

Tenure

0.88

Tenure Rank

8.4%

Barbara E. Miller, managing director, is a portfolio manager and Head of the U.S. Value Driven platform within our Global Fixed Income, Currency & Commodities (GFICC) group. Based in Columbus, Barb is responsible for portfolio construction, market strategy, allocation decisions, and security selection for value-driven strategies. In addition to her investment role, Barb is also senior location officer in Columbus for our GFICC group. An employee since 1994, she was previously an investment manager for Central Benefits Mutual Insurance Co., a portfolio manager for fixed income and equities at Midland Mutual Life Insurance Company, and a portfolio manager and trader for trust portfolios at National City Bank. Barb holds a B.S. in finance and banking from Franklin University.


Tenure Analysis

Category Low

0.0

Category High

27.6

Category Average

5.91

Category Mode

1.6