BBMUX Fees and Costs — Bridge Builder Municipal Bond Fund
Data updated: 2026-09-11
The net expense ratio is 0.12%: a 0.36% management fee plus 0.02% other expenses, less a 0.26% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 37%.
BBMUX Fees and Expenses
Annual operating expenses and sales charges of BBMUX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.36% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 0.38% |
| Fee waiver | −0.26% |
| Net expense ratio | 0.12% |
| 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 |
BBMUX Costs Over Time
On $10,000 invested in BBMUX, assuming 5% a year before costs, total costs come to $76 over 5 years, cutting the return by 0.13% 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 0.12%) | $13 | $40 | $69 |
| Lost growth on money paid in costs | $0 | $2 | $7 |
| Total costs | $13 | $42 | $76 |
| Value after costs | $10,487 | $11,535 | $12,686 |
| Impact on return, per year | 0.13% | 0.13% | 0.13% |
BBMUX 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): $20.3B
- Portfolio turnover (prospectus): 37%
- Securities lending: none during the year
BBMUX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BROWN BROTHERS HARRIMAN INVESTMENTS, LLC | $10.3B | 56.66% |
| J.P. MORGAN SECURITIES LLC | $1.7B | 9.37% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $1.6B | 8.63% |
| MORGAN STANLEY & CO. LLC | $1.1B | 5.95% |
| Goldman Sachs & Co, LLC | $887.6M | 4.90% |
| ROYAL BANK OF CANADA | $701.9M | 3.87% |
| Wells Fargo Securities LLC | $616.4M | 3.40% |
| BNY MELLON CAPITAL MARKETS, LLC | $454.2M | 2.51% |
| Jefferies LLC | $441.9M | 2.44% |
| BARCLAYS CAPITAL INC. | $411.3M | 2.27% |
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.