BBIEX Fees and Costs — Bridge Builder International Equity Fund
Data updated: 2026-09-11
The net expense ratio is 0.34%: a 0.60% management fee plus 0.02% other expenses, less a 0.28% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $8.5M in broker commissions, 0.0361% of average net assets, and portfolio turnover was 30%.
BBIEX Fees and Expenses
Annual operating expenses and sales charges of BBIEX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 0.62% |
| Fee waiver | −0.28% |
| 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 |
BBIEX Costs Over Time
On $10,000 invested in BBIEX, assuming 5% a year before costs, total costs come to $238 over 5 years, cutting the return by 0.39% 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) | $4 | $12 | $21 |
| Lost growth on money paid in costs | $0 | $6 | $22 |
| Total costs | $39 | $130 | $238 |
| Value after costs | $10,461 | $11,446 | $12,525 |
| Impact on return, per year | 0.39% | 0.39% | 0.39% |
BBIEX 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): 0.0361%
- Total broker commissions: $8.5M
- Bought from dealers (principal trades, not a cost): $6.8B
- Portfolio turnover (prospectus): 30%
- Securities lending: none during the year
BBIEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $1.4M | 23.36% |
| Goldman Sachs & Co, LLC | $694K | 11.83% |
| INSTINET, LLC | $692K | 11.80% |
| J.P. MORGAN SECURITIES LLC | $634K | 10.81% |
| Jefferies LLC | $570K | 9.72% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $438K | 7.47% |
| BNP Paribas Securities Corp. | $407K | 6.94% |
| MORGAN STANLEY & CO. LLC | $363K | 6.18% |
| SOCIETE GENERALE | $350K | 5.98% |
| Macquarie Capital (USA) Inc. | $347K | 5.92% |
BBIEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BROWN BROTHERS HARRIMAN INVESTMENTS, LLC | $6.8B | 99.92% |
| BARCLAYS CAPITAL INC. | $1.8M | 0.03% |
| MORGAN STANLEY & CO. LLC | $1.5M | 0.02% |
| SMBC BANK INTERNATIONAL PLC | $1.2M | 0.02% |
| Northern Trust Securities | $744K | 0.01% |
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.