BBMHX Fees and Costs — Bridge Builder Municipal High-Income Bond Fund
Data updated: 2026-09-11
The net expense ratio is 0.16%: a 0.36% management fee plus 0.03% other expenses, less a 0.23% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 30%.
BBMHX Fees and Expenses
Annual operating expenses and sales charges of BBMHX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.36% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.03% |
| Gross expense ratio | 0.39% |
| Fee waiver | −0.23% |
| Net expense ratio | 0.16% |
| 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 |
BBMHX Costs Over Time
On $10,000 invested in BBMHX, assuming 5% a year before costs, total costs come to $102 over 5 years, cutting the return by 0.17% 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 0.16%) | $17 | $53 | $93 |
| Lost growth on money paid in costs | $0 | $3 | $9 |
| Total costs | $17 | $55 | $102 |
| Value after costs | $10,483 | $11,521 | $12,661 |
| Impact on return, per year | 0.17% | 0.17% | 0.17% |
BBMHX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $7.6B
- Portfolio turnover (prospectus): 30%
- Securities lending: none during the year
BBMHX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| TD Securities (USA) LLC. | $132K | 100.00% |
BBMHX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BROWN BROTHERS HARRIMAN INVESTMENTS, LLC | $2.3B | 35.75% |
| J.P. MORGAN SECURITIES LLC | $1.0B | 15.86% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $848.7M | 12.96% |
| BARCLAYS CAPITAL INC. | $624.3M | 9.53% |
| Wells Fargo Securities LLC | $573.8M | 8.76% |
| MORGAN STANLEY & CO. LLC | $267.4M | 4.08% |
| ROYAL BANK OF CANADA | $263.6M | 4.02% |
| Jefferies LLC | $253.9M | 3.88% |
| DEUTSCHE BANK SECURITIES INC. | $176.1M | 2.69% |
| Goldman Sachs & Co, LLC | $161.9M | 2.47% |
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.