Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission, we hope you enjoy your experience

BBTBX Bridge Builder Core Bond

  • Fund
  • BBTBX
  • Price as of: Jul 19, 2019
  • $10.33 - $0.01 - 0.10%
  • Category
  • Total Bond Market

BBTBX - Profile

Vitals

  • YTD Return 4.6%
  • 3 Yr Annualized Return -0.5%
  • 5 Yr Annualized Return 0.4%
  • Net Assets $15.1 B
  • Holdings in Top 10 11.1%

52 WEEK LOW AND HIGH

$10.33
$9.68
$10.38

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.35%

SALES FEES

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

BROKERAGE FEES

  • Turnover 236.00%

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 Core Bond

Distributions

  • YTD Total Return 5.2%
  • 3 Yr Annualized Total Return 1.9%
  • 5 Yr Annualized Total Return 1.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.71%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 1461393303
  • Share Class Other
  • Currency USD
  • Domiciled Country United States
  • Manager Jay E. Schwister

BBTBX - Performance

Return Ranking - Trailing

Period BBTBX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.6% -3.8% 13.0% 42.05%
1 Yr 4.7% -10.0% 8.4% 12.19%
3 Yr -0.5%* -4.2% 4.6% 75.02%
5 Yr 0.4%* -8.5% 23.6% 10.08%
10 Yr N/A* -7.3% 26.2% N/A

* Annualized


Return Ranking - Calendar

Period BBTBX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.9% -22.2% 3.1% 46.97%
2017 1.4% -5.1% 25.1% 39.18%
2016 0.0% -8.5% 192.8% 74.91%
2015 -1.8% -33.0% 3.0% 34.32%
2014 3.4% -29.8% 32.1% 10.85%

Total Return Ranking - Trailing

Period BBTBX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.2% -3.8% 13.0% 26.88%
1 Yr 6.8% -10.0% 9.9% 2.83%
3 Yr 1.9%* -4.2% 6.8% 14.32%
5 Yr 1.8%* -8.2% 28.6% 14.43%
10 Yr N/A* -7.3% 26.4% N/A

* Annualized


Total Return Ranking - Calendar

Period BBTBX Return Category Return Low Category Return High Rank in Category (%)
2018 -0.2% -22.2% 7.9% 9.37%
2017 4.2% -4.6% 25.1% 13.74%
2016 1.0% -4.1% 204.3% 51.41%
2015 -1.6% -32.4% 4.2% 44.59%
2014 3.4% -29.8% 32.1% 23.11%

NAV & Total Return History

BBTBX - Holdings

Concentration Analysis

BBTBX Category Low Category High BBTBX % Rank
Net Assets 15.1 B 330 K 229 B 9.04%
Number of Holdings 5424 3 17343 1.53%
Net Assets in Top 10 1.25 B -28.8 B 32.2 B 16.89%
Weighting of Top 10 11.08% 4.0% 1674.7% 86.97%

Top 10 Holdings

  1. Irs P02.49rfe01 10/31/25 Jpmcl Fixed 1.65%

  2. US Ultra Bond (CBT) Sept19 1.60%

  3. Irs Rfe01p02.49 10/31/25 Jpmcl Float 1.56%

  4. US 2 Year Note (CBT) Sept19 1.54%

  5. Future Contract On Us 5yr Note (Cbt) Sep19 1.28%

  6. United States Treasury Bonds 2.88% 1.08%

  7. United States Treasury Notes 1.75% 0.78%

  8. United States Treasury Notes 2.25% 0.68%

  9. United States Treasury Notes 2.5% 0.47%

  10. United States Treasury Bonds 3.5% 0.43%


Asset Allocation

Weighting Return Low Return High BBTBX % Rank
Bonds
94.81% 0.00% 394.27% 53.46%
Cash
3.98% -539.21% 70.47% 47.54%
Convertible Bonds
1.19% 0.00% 18.42% 27.86%
Preferred Stocks
0.02% 0.00% 20.33% 29.32%
Stocks
0.00% -3.42% 96.77% 71.08%
Other
0.00% -98.58% 236.55% 67.42%

Bond Sector Breakdown

Weighting Return Low Return High BBTBX % Rank
Securitized
46.18% 0.00% 103.00% 23.74%
Corporate
27.58% 0.00% 127.23% 67.95%
Government
21.49% -74.72% 316.66% 46.88%
Cash & Equivalents
3.95% -532.79% 70.33% 43.62%
Municipal
0.61% 0.00% 102.07% 30.05%
Derivative
0.00% -234.33% 48.69% 61.10%

Bond Geographic Breakdown

Weighting Return Low Return High BBTBX % Rank
US
87.65% 0.00% 219.16% 40.16%
Non US
7.16% -41.14% 244.34% 66.69%

BBTBX - Expenses

Operational Fees

BBTBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.35% 0.00% 38.42% 93.95%
Management Fee 0.32% 0.00% 2.15% 30.39%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.63% N/A

Sales Fees

BBTBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.15% 5.50% N/A

Trading Fees

BBTBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 236.00% 0.00% 2337.00% 83.77%

BBTBX - Distributions

Dividend Yield Analysis

BBTBX Category Low Category High BBTBX % Rank
Dividend Yield 0.02% 0.00% 8.86% 44.95%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

BBTBX Category Low Category High BBTBX % Rank
Net Income Ratio 2.71% -2.82% 7.22% 38.99%

Capital Gain Distribution Analysis

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

BBTBX - Managers

Jay E. Schwister

Manager

Start Date

Tenure

Tenure Rank

Oct 28, 2013

5.67

5.7%

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.


Warren D. Pierson

Manager

Start Date

Tenure

Tenure Rank

Oct 28, 2013

5.67

5.7%

Mr. Pierson is a 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.


Charles B. Groeschell

Manager

Start Date

Tenure

Tenure Rank

Oct 28, 2013

5.67

5.7%

Mr. Groeschell is a Senior Portfolio manager at Baird. Prior to joining Baird in 2000, Mr. Groeschell was a Senior Vice President and Senior Portfolio Manager with Firstar Investment Research & Management Company (FIRMCO) where he played a lead role in the overall management of major fixed income client relationships. His responsibilities include setting investment policy with a major portion of his time allocated to security analysis, credit research, and implementing the long term investment strategy of the firm.


Mary Ellen Stanek

Manager

Start Date

Tenure

Tenure Rank

Oct 28, 2013

5.67

5.7%

Ms. Stanek is a Senior Portfolio manager at Baird. Prior to joining Baird in 2000, Ms. Stanek was President and Chief Executive Officer of Firstar Investment Research and Management Company (FIRMCO) and was Director of Fixed Income. 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.


Richard Piccirillo

Manager

Start Date

Tenure

Tenure Rank

Oct 28, 2013

5.67

5.7%

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

Tenure

Tenure Rank

Oct 28, 2013

5.67

5.7%

Ms. deGuzman is a Senior Portfolio manager at Baird. Prior to joining Baird Advisors, Ms. deGuzman was employed by FIRMCO where she served as an Assistant Vice President and Portfolio Manager. 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.


Gregory Peters

Manager

Start Date

Tenure

Tenure Rank

Mar 31, 2014

5.25

5.3%

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.


Michael J. Collins

Manager

Start Date

Tenure

Tenure Rank

Mar 31, 2014

5.25

5.3%

Michael J. Collins, CFA, is a Managing Director and Senior Portfolio Manager for Core, 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. 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 the Firm 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). Named Morningstar’s 2017 Fixed Income Manager of The Year for Prudential Total Return Bond Fund.


Lynne A. Royer

Manager

Start Date

Tenure

Tenure Rank

Jul 13, 2015

3.97

4.0%

Ms. Royer is Vice President, Portfolio Manager, and Head of the Disciplined Alpha Team at Loomis Sayles. Ms. Royer 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, Ms. Royer 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. Ms. Royer 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

Tenure

Tenure Rank

Sep 14, 2015

3.79

3.8%

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

30.51

Category Average

6.95

Category Mode

7.12