Bridge Builder Large Cap Value Fund

Bridge Builder Trust · Series S000048335 · 1 share classes

Equity fund · 98% stocks· rate + credit risk filed
One fund, 1 share classes:BBVLX
$25.99B NAV
953 positions · as of 2026-03-31 · filed 2026-05-22
data updated 2026-08-10

Fund profile

As filed in the prospectus · 2025 Q4

The investment objective of Bridge Builder Large Cap Value Fund (the Fund or the Large Cap Value Fund) is to provide capital appreciation.

Strategy · summarised

The fund combines the investment strategies of seven sub-advisers, each employing distinct value-oriented approaches to select large-capitalization U.S. equities. Strategies range from fundamental analysis seeking undervalued companies with solid finances to quantitative screening for securities trading below intrinsic value to index tracking of the Russell 1000 Value Index. Because the fund's holdings and performance depend on the security selections and allocations made by its multiple sub-advisers, results will reflect the divergent approaches and timing decisions of each.

Expenses
0.23%one share class
Share classGrossNet
BBVLX0.46%0.23%

Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.

Portfolio turnover 29.00% · as of 2025 Q4

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q1

100.20%
of net assets
Stocks97.61%
Real assets2.56%
Derivatives0.03%

Derivatives are shown at market value, not notional exposure.

Latest quarter

What changed since the fund's previous filing

vs 2025Q4: 18 new23 exited

Largest new: KLAC, UNIVERSAL MUSIC GROUP NV /EUR, SFM, GPGI, UBER, UNILEVER PLC /GBP, ASTRAZENECA PLC, BAH

Largest exited: DIAGEO PLC /GBP, LPLA, PRKS, ASTRAZENECA PLC-SPONS ADR, DIAGEO PLC-SPONSORED ADR, PCH, F/C E-MINI RUSS 1000 VMAR26, ACMR

Return profile

Total return as filed — price change plus distributions reinvested · trailing figures to Feb 2026

1-year
3-year
5-year
Volatility
Worst 3-yr fall
Cumulative return· Apr 2023 – Feb 2026

Mar 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

Debt profile

What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-03-31

Avg coupon
Avg maturity
Flagged holdings
Defaulted: not reported
In arrears: not reported
Paid in kind: not reported

Based on what filers reported; a filer that never reported a flag also reads as none.

Risk profile

Interest-rate and credit-spread sensitivity, both in years · as of 2026Q1

More of this fund’s sensitivity sits in credit spreads than in interest rates — a rate rally that comes with a credit selloff works against it.

Interest-rate duration
0.00 yr
approx. move per 100bp
Credit-spread duration
0.00 yr
approx. move per 100bp
If rates and spreads both rise 100bp

Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.

≈ 0%
of value
Credit spreads100%
Interest rates0%

Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.

Credit risk by quality

Share of the fund's spread duration carried by each credit tier.

+0.00
yrs total
Investment grade+0.00 yr
Where the risk sits on the curve

Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.

Interest rate0.00 yr total
1 yr5 yr
1 yr0.00 yr57%
5 yr0.00 yr43%
Credit spread0.00 yr total
1 yr5 yr
1 yr0.00 yr57%
5 yr0.00 yr43%

The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.

Show the numbers
TenorRate yrsIG yrsHY yrsIG $/bpHY $/bp
3 mo+0.00+0.00+0.00$0$0
1 yr+0.00+0.00+0.00$99$0
5 yr+0.00+0.00+0.00$73$0
10 yr+0.00+0.00+0.00$0$0
30 yr+0.00+0.00+0.00$0$0

Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
WELLS FARGO & COWFC2.05%$531.92M
MERCK & CO. INC.MRK1.90%$492.59M
ALPHABET INC-CL CGOOG1.71%$445.05M
EXXON MOBIL CORPXOM1.62%$420.08M
JPMORGAN US GOVT MMKT-IM1.48%$384.16M
BANK OF AMERICA CORPBAC1.44%$374.40M
TEXAS INSTRUMENTS INCTXN1.39%$361.25M
MICROSOFT CORPMSFT1.26%$327.47M
VISA INC-CLASS A SHARESV1.16%$300.26M
CHUBB LTDCB1.09%$284.02M
Showing 10 of 953Sign in to see more

Top 10 positions are 15.09% of net assets, top 25 28.62%, across 953 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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