BBGLX Fees and Costs — Bridge Builder Large Cap Growth Fund
Data updated: 2026-09-11
The net expense ratio is 0.19%: a 0.44% management fee plus 0.01% other expenses, less a 0.26% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $3.3M in broker commissions, 0.0114% of average net assets, and portfolio turnover was 44%.
BBGLX Fees and Expenses
Annual operating expenses and sales charges of BBGLX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.44% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.45% |
| Fee waiver | −0.26% |
| Net expense ratio | 0.19% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
BBGLX Costs Over Time
On $10,000 invested in BBGLX, assuming 5% a year before costs, total costs come to $128 over 5 years, cutting the return by 0.21% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.19%) | $20 | $63 | $110 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $3 | $12 |
| Total costs | $21 | $70 | $128 |
| Value after costs | $10,479 | $11,506 | $12,635 |
| Impact on return, per year | 0.21% | 0.21% | 0.21% |
BBGLX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0114%
- Total broker commissions: $3.3M
- Bought from dealers (principal trades, not a cost): $10.7B
- Portfolio turnover (prospectus): 44%
- Securities lending: none during the year
BBGLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $287K | 14.36% |
| Jefferies LLC | $258K | 12.91% |
| Virtu Americas LLC | $241K | 12.04% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $228K | 11.41% |
| Goldman Sachs & Co, LLC | $221K | 11.08% |
| Citigroup Global Markets Inc. | $194K | 9.71% |
| PIPER JAFFRAY & CO. | $147K | 7.37% |
| INSTINET, LLC | $147K | 7.33% |
| UBS Securities LLC | $144K | 7.21% |
| TD Securities (USA) LLC. | $132K | 6.58% |
BBGLX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BROWN BROTHERS HARRIMAN INVESTMENTS, LLC | $10.0B | 93.15% |
| PIPER JAFFRAY & CO. | $608.1M | 5.67% |
| MORGAN STANLEY & CO. LLC | $53.6M | 0.50% |
| Goldman Sachs & Co, LLC | $39.6M | 0.37% |
| J.P. MORGAN SECURITIES LLC | $31.5M | 0.29% |
| CITATION FINANCIAL GROUP | $807K | 0.01% |
| Virtu Americas LLC | $1K | 0.00% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $1K | 0.00% |
| Citigroup Global Markets Inc. | $856 | 0.00% |
| UBS Securities LLC | $650 | 0.00% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.