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BBTBX Bridge Builder Core Bond

  • Fund
  • BBTBX
  • Price as of: Nov 22, 2017
  • $10.20
  • + $0.02
  • + 0.20%
  • Category
  • Total Bond Market

BBTBX - Profile

Vitals

  • YTD Return 1.7%
  • 3 Yr Annualized Return 3.2%
  • 5 Yr Annualized Return N/A
  • Net Assets $14.1 B
  • Holdings in Top 10 9.9%

52 WEEK LOW AND HIGH

$10.20
$9.95
$10.31

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.35%

SALES FEES

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

BROKERAGE FEES

  • Turnover 232.00%

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 1.7%
  • 3 Yr Annualized Total Return 3.2%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.44%
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 1384204495
  • 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 1.7% -19.6% 23.3% 28.24% 2
1 Yr 0.5% -15.5% 18.1% 75.82% 4
3 Yr 3.2% * -10.3% 10.0% 15.11% 1
5 Yr N/A * -2.4% 13.4% N/A N/A
10 Yr N/A * -1.7% 9.4% N/A N/A

* Annualized


Return Ranking - Calendar

Period BBTBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 0.0% -10.9% 192.8% 44.69% 4
2015 -1.8% -33.0% 4.2% 20.67% 2
2014 3.4% -9.3% 14.9% 7.18% 1
2013 N/A -24.1% 40.4% N/A N/A
2012 N/A -100.0% 18.7% N/A N/A

Total Return Ranking - Trailing

Period BBTBX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.7% -19.6% 23.3% 28.22% 2
1 Yr 0.5% -15.5% 18.1% 61.60% 4
3 Yr 3.2% * -10.1% 10.0% 13.83% 1
5 Yr N/A * -3.2% 13.4% N/A N/A
10 Yr N/A * -1.7% 9.4% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period BBTBX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 0.0% -9.5% 195.3% 54.84% 4
2015 -1.6% -32.5% 7.4% 39.28% 3
2014 3.5% -8.3% 16.8% 25.49% 2
2013 N/A -12.9% 58.5% N/A N/A
2012 N/A -100.0% 35.2% N/A N/A

NAV & Total Return History

BBTBX - Holdings

Filings data as of: Jun 30, 2017

Concentration Analysis

BBTBX Category Low Category High BBTBX % Rank Quintile
Net Assets 14.1 B 319 K 190 B 1.78% 1
Number of Holdings 5941 1 17381 0.41% 1
Net Assets in Top 10 1.07 B -36 B 31.8 B 4.88% 1
Weighting of Top 10 9.9% 0.0% 1330.9% 32.86% 5

Top 10 Holdings

  1. US 5 Year Note (CBT) Sept17 2.25%
  2. US 10 Year Note (CBT) Sept17 1.28%
  3. FNMA 1.07%
  4. US Treasury Bond 2.875% 0.87%
  5. 2 Year US Treasury Note Future Sept17 0.84%
  6. US Treasury Note 2.25% 0.84%
  7. US Treasury Note 2.125% 0.81%
  8. US Treasury Bond 3.5% 0.77%
  9. US Treasury Note 1.375% 0.63%
  10. FNMA 0.57%

Asset Allocation

Weighting Category Low Category High BBTBX % Rank Quintile
Bonds
92.21% -175.98% 562.01% 16.79% 3
Cash
7.63% -461.99% 275.92% 12.46% 2
Other
0.14% -24.51% 99.99% 14.55% 3
Preferred Stocks
0.02% -0.55% 16.33% 10.83% 3
Stocks
0.00% -3.75% 97.37% 5.80% 5
Convertible Bonds
0.00% 0.00% 13.10% 6.56% 5

Bond Sector Breakdown

Weighting Category Low Category High BBTBX % Rank Quintile
Securitized
39.99% 0.00% 118.59% 9.56% 2
Corporate
28.47% 0.00% 221.70% 24.97% 4
Government
22.91% -389.49% 503.27% 15.36% 3
Cash & Equivalents
7.89% -462.00% 275.92% 11.85% 2
Municipal
0.58% 0.00% 97.96% 11.55% 2
Derivative
0.00% -64.42% 83.22% 3.26% 4

Bond Geographic Breakdown

Weighting Category Low Category High BBTBX % Rank Quintile
US
82.18% -482.62% 500.82% 16.79% 3
Non US
10.03% -124.80% 530.33% 19.99% 3

BBTBX - Expenses

Operational Fees

BBTBX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.35% 0.00% 32.76% 12.47% 1
Management Fee 0.32% 0.00% 2.15% 3.31% 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 232.00% 0.00% 1541.00% 5.85% 4

BBTBX - Distributions

Dividend Yield Analysis

BBTBX Category Low Category High BBTBX % Rank Quintile
Dividend Yield N/A 0.00% 1.00% 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 2.44% -1.56% 9.28% 11.70% 2

Capital Gain Distribution Analysis

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

BBTBX - Managers

Charles B. Groeschell

Manager

Start Date

Oct 28, 2013

Tenure

3.93

Tenure Rank

7.4%

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

3.93

Tenure Rank

7.4%

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

3.93

Tenure Rank

7.4%

Managing Director and CFA charterholder, has been a portfolio manager of the Fund since November 2016. An employee of JPMIM or predecessor firms since 2001, Mr. Simons is a member of the GFICC group and a portfolio manager for the U.S. Value Driven team responsible for managing taxable bond portfolios for institutional clients.


Gregory Peters

Manager

Start Date

Mar 31, 2014

Tenure

3.5

Tenure Rank

7.8%

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.


Mary Ellen Stanek

Manager

Start Date

Oct 28, 2013

Tenure

3.93

Tenure Rank

7.4%

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

3.93

Tenure Rank

7.4%

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

3.93

Tenure Rank

7.4%

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.


M. Sharon deGuzman

Manager

Start Date

Oct 28, 2013

Tenure

3.93

Tenure Rank

7.4%

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

3.5

Tenure Rank

7.8%

Michael J. Collins, CFA®, is a Managing Director and Senior Investment Officer for PGIM 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 PFI 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

2.22

Tenure Rank

8.8%

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.


Barbara E. Miller

Manager

Start Date

Sep 14, 2015

Tenure

2.05

Tenure Rank

9.0%

Managing Director, is the lead portfolio manager responsible for the day-to-day management of the Fund. 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.


Tenure Analysis

Category Low

0.0

Category High

28.8

Category Average

6.43

Category Mode

2.8