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Bridge Builder Large Cap Growth Fund
mutual fund
BBGLX
Payout Change
Pending
Price as of:
$26.35
+0.01
+0.04%
primary theme
U.S. Large-Cap Growth Equity
share class
BBGLX (Mutual Fund)
Bridge Builder Large Cap Growth Fund
Payout Change
Pending
Price as of:
$26.35
+0.01
+0.04%
primary theme
U.S. Large-Cap Growth Equity
share class
BBGLX (Mutual Fund)
Bridge Builder Large Cap Growth Fund
Payout Change
Pending
Price as of:
$26.35
+0.01
+0.04%
primary theme
U.S. Large-Cap Growth Equity
share class
Name
As of 10/02/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
17.5%
1 yr return
34.0%
3 Yr Avg Return
7.0%
5 Yr Avg Return
15.7%
Net Assets
$25.7 B
Holdings in Top 10
41.9%
52 WEEK LOW AND HIGH
$26.3
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.46%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 31.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/02/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
BBGLX - Profile
Distributions
- YTD Total Return 17.5%
- 3 Yr Annualized Total Return 7.0%
- 5 Yr Annualized Total Return 15.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.65%
- Dividend Yield 0.7%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameBridge Builder Large Cap Growth Fund
-
Fund Family NameBRIDGE BUILDER TRUST
-
Inception DateApr 27, 2015
-
Shares Outstanding889303171
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMartin Flood
Fund Description
The Fund invests, under normal market conditions, at least 80% of its net assets (plus the amount of borrowings for investment purposes) in the securities of large capitalization companies and other instruments, such as certain investment companies (see below) that seek to track the performance of securities of large capitalization companies. The Fund defines large capitalization companies as companies whose market capitalizations at the time of purchase typically fall within the range of the Russell 1000® Index (as of April 28, 2023, companies with capitalizations greater than $2.4 billion). The market capitalization of the companies included in the Russell 1000® Index will change with market conditions. While the Fund primarily invests in equity securities of large capitalization companies, it may also invest in securities of medium and small capitalization companies. The Fund may invest in securities issued by U.S. and foreign entities, including emerging market securities. The Fund may invest in American Depositary Receipts (“ADRs”) or Global Depositary Receipts (“GDRs”). The Fund may also invest in other investment companies, including other open-end or closed-end investment companies and exchange-traded funds (“ETFs”) that have characteristics that are consistent with the Fund’s investment objective. The Fund may also invest a portion of its assets in securities of real estate investment trusts (“REITs”), which are companies that own and/or manage real estate properties. From time to time, the Fund may also buy or sell derivatives, principally futures contracts for cash equitization purposes. The Fund may, from time to time, invest a significant portion of its total assets in securities of companies in certain sectors. As of September 29, 2023, the Fund had significant exposure to securities of companies in the information technology sector. The Fund follows an investing style that favors growth investments.
The Fund’s portfolio is constructed by combining the investment styles and strategies of multiple sub-advisers that have been or will be retained by the Adviser (each a “Sub-adviser”). Each Sub-adviser may use both its own proprietary and external research and securities selection processes to manage its allocated portion of the Fund’s assets.
Portfolio securities may be sold at any time. Sales may occur when a Sub-adviser seeks to take advantage of what a Sub-adviser considers to be a better investment opportunity, when a Sub-adviser believes the portfolio securities no longer represent relatively attractive investment opportunities, or when a Sub-adviser believes it would be appropriate to do so in order to readjust the asset allocation of its portion of the Fund’s investment portfolio.
The Adviser is responsible for determining the amount of Fund assets to allocate to each Sub-adviser. The Adviser allocates Fund assets for each investment strategy to the following Sub-advisers: BlackRock Investment Management, LLC (“BlackRock”), Jennison Associates LLC (“Jennison”), Lazard Asset Management LLC (“Lazard”), and Sustainable Growth Advisers, LP (“SGA”). The Adviser may adjust allocations to the Sub-advisers at any time or make recommendations to the Board with respect to the hiring, termination, or replacement of a Sub-adviser. Below is a summary of each Sub-adviser’s principal investment strategies.
BlackRock’s Principal Investment Strategies
BlackRock invests in equity securities with the objective of approximating as closely as practicable the capitalization weighted total rate of return of the segment of the United States market for publicly traded equity securities represented by the 1,000 largest capitalized companies. The criterion for the selection of investments is the Russell 1000® Growth Index.
Jennison’s Principal Investment Strategies
Jennison seeks to invest in large capitalization securities whose price will increase over the long term. It invests in equity and equity-related securities of companies that it believes have strong capital appreciation potential. In deciding which equities to buy, Jennison follows a highly disciplined investment selection and management process of identifying companies that show superior absolute and relative earnings growth and also are believed to be attractively valued. Jennison’s confidence in potential issuer earnings is an important part of the selection process. Jennison evaluates a company’s value by examining fundamental metrics such as price to forward earnings, price to book value, price to sales, and enterprise value to earnings before interest, taxes, depreciation, and amortization.
Lazard’s Principal Investment Strategies
Lazard invests primarily in equity securities, principally common stocks, of U.S. companies that Lazard believes have strong and/or improving financial productivity and are undervalued based on their earnings, cash flow or asset values.
Although Lazard generally focuses on large capitalization companies, the market capitalizations of issuers in which Lazard invests may vary with market conditions, and Lazard also may invest in medium capitalization and small capitalization companies.
SGA’s Principal Investment Strategies
SGA uses an investment process to identify large capitalization companies that it believes have a high degree of predictability, strong profitability and above average earnings and cash flow growth. SGA seeks to identify companies that exhibit characteristics such as pricing power, repeat revenue streams, and global reach that, in SGA’s judgment, have the potential for long-term earnings growth within the context of low business risk. SGA employs an intensive internal research and a bottom-up stock selection approach. SGA selects investments that it believes have superior long-term earnings prospects and attractive valuation. SGA seeks to sell a portfolio holding when it believes the security’s fundamentals deteriorate, its valuation is no longer attractive, or a better investment opportunity arises.
BBGLX - Performance
Return Ranking - Trailing
| Period | BBGLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 17.5% | -1.1% | 38.3% | 73.65% |
| 1 Yr | 34.0% | 6.7% | 59.6% | 69.78% |
| 3 Yr | 7.0%* | -28.1% | 24.6% | 59.71% |
| 5 Yr | 15.7%* | -12.7% | 30.1% | 55.43% |
| 10 Yr | N/A* | -4.4% | 19.5% | N/A |
* Annualized
Return Ranking - Calendar
| Period | BBGLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 31.2% | -74.1% | 72.4% | 53.98% |
| 2022 | -27.3% | -85.9% | 4.7% | 19.39% |
| 2021 | 14.3% | -52.4% | 60.5% | 30.06% |
| 2020 | 29.9% | -34.3% | 145.0% | 38.17% |
| 2019 | 30.6% | -6.9% | 49.4% | 17.27% |
Total Return Ranking - Trailing
| Period | BBGLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 17.5% | -1.1% | 38.3% | 73.65% |
| 1 Yr | 34.0% | 6.7% | 59.6% | 69.78% |
| 3 Yr | 7.0%* | -28.1% | 24.6% | 59.71% |
| 5 Yr | 15.7%* | -12.7% | 30.1% | 55.43% |
| 10 Yr | N/A* | -4.4% | 19.5% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | BBGLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 32.2% | -4.6% | 72.4% | 69.08% |
| 2022 | -26.8% | -61.7% | 5.6% | 28.49% |
| 2021 | 23.2% | -39.8% | 118.1% | 39.70% |
| 2020 | 34.8% | 2.8% | 149.2% | 48.94% |
| 2019 | 33.3% | -5.2% | 49.4% | 48.18% |
NAV & Total Return History
BBGLX - Holdings
Concentration Analysis
| BBGLX | Category Low | Category High | BBGLX % Rank | |
|---|---|---|---|---|
| Net Assets | 25.7 B | 292 K | 287 B | 9.06% |
| Number of Holdings | 460 | 2 | 3143 | 1.89% |
| Net Assets in Top 10 | 10.5 B | 109 K | 151 B | 14.63% |
| Weighting of Top 10 | 41.91% | 0.7% | 205.0% | 83.08% |
Top 10 Holdings
- MICROSOFT CORP 0.00000000 8.87%
- AMAZON.COM INC 0.00000000 7.24%
- APPLE INC 0.00000000 4.90%
- NVIDIA CORP 0.00000000 4.48%
- VISA INC-CLASS A SHARES 0.00000000 3.27%
- ALPHABET INC-CL A 0.00000000 3.09%
- UNITEDHEALTH GROUP INC 0.00000000 2.85%
- META PLATFORMS INC-CLASS A 0.00000000 2.66%
- GOLDMAN SACHS FINANCIAL SQUARE GOVERNMENT FUND CL INSTITUTIONAL 0.00000000 2.59%
- BROADCOM INC 0.00000000 1.97%
Asset Allocation
| Weighting | Return Low | Return High | BBGLX % Rank | |
|---|---|---|---|---|
| Stocks | 99.16% | 0.00% | 115.30% | 37.25% |
| Other | 0.80% | -31.50% | 50.35% | 10.41% |
| Cash | 0.04% | 0.00% | 173.52% | 88.96% |
| Preferred Stocks | 0.00% | 0.00% | 10.69% | 55.92% |
| Convertible Bonds | 0.00% | 0.00% | 1.94% | 48.92% |
| Bonds | 0.00% | 0.00% | 103.97% | 50.63% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | BBGLX % Rank | |
|---|---|---|---|---|
| Technology | 26.76% | 0.00% | 65.70% | 76.89% |
| Healthcare | 18.89% | 0.00% | 39.76% | 10.34% |
| Consumer Cyclical | 15.80% | 0.00% | 62.57% | 50.18% |
| Financial Services | 15.10% | 0.00% | 43.06% | 13.40% |
| Communication Services | 9.05% | 0.00% | 66.40% | 65.74% |
| Consumer Defense | 4.15% | 0.00% | 25.50% | 42.99% |
| Industrials | 3.94% | 0.00% | 30.65% | 73.74% |
| Basic Materials | 2.43% | 0.00% | 18.91% | 25.09% |
| Real Estate | 2.31% | 0.00% | 16.05% | 24.64% |
| Energy | 1.55% | 0.00% | 41.09% | 31.03% |
| Utilities | 0.00% | 0.00% | 16.07% | 64.03% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | BBGLX % Rank | |
|---|---|---|---|---|
| US | 98.99% | 0.00% | 115.30% | 31.69% |
| Non US | 0.17% | 0.00% | 75.51% | 33.03% |
BBGLX - Expenses
Operational Fees
| BBGLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.46% | 0.01% | 28.71% | 89.82% |
| Management Fee | 0.44% | 0.00% | 1.50% | 18.35% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 1.02% | N/A |
Sales Fees
| BBGLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 8.50% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| BBGLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.75% | 2.00% | N/A |
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.
| BBGLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 31.00% | 0.00% | 316.74% | 47.71% |
BBGLX - Distributions
Dividend Yield Analysis
| BBGLX | Category Low | Category High | BBGLX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.66% | 0.00% | 27.58% | 27.04% |
Dividend Distribution Analysis
| BBGLX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| BBGLX | Category Low | Category High | BBGLX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.65% | -6.13% | 3.48% | 3.21% |
Capital Gain Distribution Analysis
| BBGLX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 27, 2023 | $0.174 | OrdinaryDividend |
| Dec 27, 2022 | $0.121 | OrdinaryDividend |
| Dec 27, 2021 | $0.120 | OrdinaryDividend |
| Dec 22, 2021 | $0.814 | CapitalGainShortTerm |
| Dec 22, 2021 | $0.880 | CapitalGainLongTerm |
| Dec 28, 2020 | $0.114 | OrdinaryDividend |
| Dec 11, 2020 | $0.370 | CapitalGainShortTerm |
| Dec 11, 2020 | $0.270 | CapitalGainLongTerm |
| Dec 27, 2019 | $0.141 | OrdinaryDividend |
| Dec 13, 2019 | $0.183 | CapitalGainLongTerm |
| Dec 28, 2018 | $0.138 | OrdinaryDividend |
| Dec 14, 2018 | $0.053 | CapitalGainShortTerm |
| Dec 14, 2018 | $0.445 | CapitalGainLongTerm |
| Dec 28, 2017 | $0.101 | OrdinaryDividend |
| Dec 29, 2016 | $0.094 | OrdinaryDividend |
| Dec 18, 2015 | $0.052 | OrdinaryDividend |
BBGLX - Fund Manager Analysis
Managers
Martin Flood
Start Date
Tenure
Tenure Rank
Apr 27, 2015
7.1
7.1%
Martin Flood is a Managing Director and Portfolio Manager/Analyst on various US and global equity strategies, focusing on client communications. In addition, Martin is a Portfolio Manager/Analyst for the US Equity Select Tax Aware strategy, which focuses on after-tax returns for private clients. He began working in the investment field in 1993. Prior to joining Lazard in 1996, Martin was a Senior Accountant with Arthur Andersen LLP. He has a BS in accounting from St. John's University.
Ronald Temple
Start Date
Tenure
Tenure Rank
Apr 27, 2015
7.1
7.1%
Ronald Temple is a Managing Director and Co-Head of Multi-Asset and Head of US Equity. In this role, Ron is responsible for overseeing the firm's multi-asset and US equity strategies as well as several global equity strategies. He is also a Portfolio Manager/Analyst on various US and global equity teams. He joined Lazard in 2001 with ten years of global experience including fixed-income derivative trading, risk management, corporate finance and corporate strategy. Ron has an MPP from Harvard University and graduated magna cum laude with a BA in Economics & Public Policy from Duke University.
Henry Seiden
Start Date
Tenure
Tenure Rank
Sep 30, 2015
6.67
6.7%
H. Ross Seiden, Managing Director, Portfolio Manager/Analyst Ross Seiden is a Director and Portfolio Manager/Analyst on various US equity strategies. He is also responsible for research coverage of companies in the healthcare sector. Ross began working in the investment field in 2006. Prior to joining Lazard in 2010, he was an Equity Research Associate covering the financials sector at Credit Suisse. Ross has a BBA in Finance and Accounting from the Ross School of Business at the University of Michigan.
Louis Florentin-Lee
Start Date
Tenure
Tenure Rank
Dec 31, 2018
3.42
3.4%
Louis Florentin-Lee Managing Director, Portfolio Manager/Analyst Louis Florentin-Lee is a Managing Director and Portfolio Manager/Analyst on various global equity teams, International Compounders and US Equity Select. He was formerly the co-Portfolio Manager/Analyst for the Lazard European Explorer Fund between 2004 and 2010. Louis began working in the investment industry in 1996. Prior to joining Lazard in 2004, he was an equity research analyst at Soros Funds Limited and Schroder Investment Management. He has a BSc (Hons) in Economics from the London School of Economics.
Jennifer Hsui
Start Date
Tenure
Tenure Rank
Oct 28, 2019
2.59
2.6%
Jennifer Hsui, Managing Director & Portfolio Manager at BlackRock Investment Management LLC has been employed by BlackRock Fund Advisors as a senior portfolio manager since 2007. Prior to that, Ms. Hsui was a portfolio manager from 2006 to 2007 for BGFA. She was a research analyst for RBC Capital Markets from 2003 to 2006.
Amy Whitelaw
Start Date
Tenure
Tenure Rank
Oct 28, 2019
2.59
2.6%
Amy Whitelaw is Managing Director of BlackRock, Inc. since 2013 and was Director of the firm from 2009 to 2012. Ms. Whitelaw's service with the firm dates back to 1998, including her years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. Ms. Whitelaw served as Principal of BGI from 2000 to 2009. Previously Ms. Whitelaw worked in the Transition Services group as a transition manager and strategist, and was also an international equity trader on BGI’s trading desk.
Kishore Rao
Start Date
Tenure
Tenure Rank
Dec 31, 2019
2.42
2.4%
Kishore Rao a research principal for Sustainable Growth Advisers, LP, subadviser for the John Hancock U.S. Global Leaders Growth Strategy. In addition to providing dedicated research for the strategy, he also serves on Sustainable Growth Advisers’ Investment Committee. Prior to joining the firm, Mr. Rao was a member of the investment team at Trident Capital, a venture capital firm managing a portfolio of software, technology, and business service companies. Earlier in his career, he served as an investme
Suzanne Henige
Start Date
Tenure
Tenure Rank
May 04, 2020
2.07
2.1%
Mrs. Henige is a Director and member of BlackRock’s Index Equity Portfolio Management team. Her service with the firm dates back to 2009.
Paul Whitehead
Start Date
Tenure
Tenure Rank
Jan 01, 2022
0.41
0.4%
Paul Whitehead is responsible for supporting the day-to-day management of the MML Blend Fund’s portfolio, including setting the Fund’s overall investment strategy and overseeing the management of the Fund. Mr. Whitehead is a Managing Director of BlackRock, Inc., Co-Head of Index Equity, and Co-Head of BlackRock’s ETF and Index Investments business. Mr. Whitehead also oversees the management of BlackRock’s Institutional and iShares funds. Mr. Whitehead was previously the Global Head of Equity Trading and the Global Head of Transition Management within BlackRock’s Global Trading Group. Mr. Whitehead’s service with the firm dates back to 1996, including his years with Barclays Global Investors, which merged with BlackRock in 2009. Prior to his current role, Mr. Whitehead was Head of Americas Equity Trading. Previously, he managed the trading team responsible for all Institutional Index funds, Exchange Traded funds, and Transition Management mandates. Mr. Whitehead represents BlackRock on the board of Luminex, a buy-side owned Alternative Trading System launched in 2015.
Peter Sietsema
Start Date
Tenure
Tenure Rank
Jan 01, 2022
0.41
0.4%
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 54.45 | 8.24 | 2.92 |
