BBTIX Fees and Costs — Bridge Builder Tax Managed International Equity Fund
Data updated: 2026-09-11
The net expense ratio is 0.39%: a 0.60% management fee plus 0.04% other expenses, less a 0.25% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $737K in broker commissions, 0.0293% of average net assets, and portfolio turnover was 44%.
BBTIX Fees and Expenses
Annual operating expenses and sales charges of BBTIX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.04% |
| Gross expense ratio | 0.64% |
| Fee waiver | −0.25% |
| Net expense ratio | 0.39% |
| 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 |
BBTIX Costs Over Time
On $10,000 invested in BBTIX, assuming 5% a year before costs, total costs come to $265 over 5 years, cutting the return by 0.44% 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 0.39%) | $41 | $129 | $224 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $7 | $24 |
| Total costs | $44 | $145 | $265 |
| Value after costs | $10,456 | $11,431 | $12,497 |
| Impact on return, per year | 0.44% | 0.44% | 0.44% |
BBTIX 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): 0.0293%
- Total broker commissions: $737K
- Bought from dealers (principal trades, not a cost): $924.7M
- Portfolio turnover (prospectus): 44%
- Securities lending: none during the year
BBTIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $150K | 20.97% |
| INSTINET, LLC | $116K | 16.27% |
| Macquarie Capital (USA) Inc. | $90K | 12.58% |
| Jefferies LLC | $90K | 12.52% |
| UBS Securities LLC | $76K | 10.69% |
| HSBC SECURITIES (USA) INC. | $75K | 10.43% |
| CREDIT LYONNAIS | $49K | 6.89% |
| Citigroup Global Markets Inc. | $32K | 4.54% |
| DAIWA SECURITIES GROUP | $28K | 3.90% |
| Goldman Sachs & Co, LLC | $9K | 1.22% |
BBTIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BROWN BROTHERS HARRIMAN INVESTMENTS, LLC | $924.7M | 100.00% |
| Jefferies LLC | $13 | 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.