BBGSX Fees and Costs — Bridge Builder Small/mid Cap Growth Fund
Data updated: 2026-09-11
The net expense ratio is 0.34%: a 0.64% management fee plus 0.02% other expenses, less a 0.32% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $5.6M in broker commissions, 0.0584% of average net assets, and portfolio turnover was 74%.
BBGSX Fees and Expenses
Annual operating expenses and sales charges of BBGSX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.64% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 0.66% |
| Fee waiver | −0.32% |
| Net expense ratio | 0.34% |
| 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 |
BBGSX Costs Over Time
On $10,000 invested in BBGSX, assuming 5% a year before costs, total costs come to $252 over 5 years, cutting the return by 0.42% 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 0.34%) | $36 | $112 | $196 |
| Trading costs (broker commissions) | $6 | $19 | $34 |
| Lost growth on money paid in costs | $0 | $6 | $23 |
| Total costs | $42 | $138 | $252 |
| Value after costs | $10,458 | $11,438 | $12,511 |
| Impact on return, per year | 0.42% | 0.42% | 0.42% |
BBGSX 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): 0.0584%
- Total broker commissions: $5.6M
- Bought from dealers (principal trades, not a cost): $6.7B
- Portfolio turnover (prospectus): 74%
- Securities lending: none during the year
BBGSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $476K | 14.84% |
| Virtu Americas LLC | $476K | 14.83% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $409K | 12.73% |
| BARCLAYS CAPITAL INC. | $352K | 10.96% |
| ROYAL BANK OF CANADA | $315K | 9.81% |
| Goldman Sachs & Co, LLC | $265K | 8.25% |
| INSTINET, LLC | $243K | 7.58% |
| TD Securities (USA) LLC. | $240K | 7.49% |
| LIQUIDNET INC. | $221K | 6.89% |
| PIPER JAFFRAY & CO. | $212K | 6.61% |
BBGSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BROWN BROTHERS HARRIMAN INVESTMENTS, LLC | $6.5B | 98.37% |
| J.P. MORGAN SECURITIES LLC | $31.7M | 0.48% |
| MORGAN STANLEY & CO. LLC | $22.5M | 0.34% |
| Jefferies LLC | $17.4M | 0.26% |
| Goldman Sachs & Co, LLC | $10.7M | 0.16% |
| EVERCORE GROUP L.L.C. | $8.0M | 0.12% |
| PIPER JAFFRAY & CO. | $7.0M | 0.11% |
| TRUIST INVESTMENT SERVICES, INC. | $4.1M | 0.06% |
| TD Securities (USA) LLC. | $3.8M | 0.06% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $3.3M | 0.05% |
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.