Bridge Builder Large Cap Value Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Bridge Builder Large Cap Value Fund held 585 positions with $29.01B in net assets. Its ten largest holdings made up 17.2% of the fund. The BBVLX share class costs 0.23% a year. Over the 12 months to May 2026, BBVLX returned 21.4%, with dividends reinvested. In 2026 Q2 it added 34 new positions and exited 392.
The investment objective of Bridge Builder Large Cap Value Fund (the Fund or the Large Cap Value Fund) is to provide capital appreciation.
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.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
F/C S&P500 EMINI FUT SEP26 | 2.70% | $782.75M | — | — |
MSFTMICROSOFT CORP | 2.38% | $689.58M | 1.8M | $373.02 |
MGMXXJPMORGAN US GOVT MMKT-IM | 2.03% | $589.10M | — | — |
1.59% | $462.01M | 5.6M | $82.64 | |
AAPLAPPLE INC | 1.58% | $458.80M | 1.6M | $289.36 |
1.51% | $438.65M | 3.4M | $128.50 | |
AMZNAMAZON.COM INC | 1.46% | $422.89M | 1.8M | $238.34 |
1.35% | $391.84M | 1.1M | $353.33 | |
1.34% | $387.48M | 4.2M | $92.27 | |
1.31% | $378.83M | 911.5K | $415.63 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
The 200 largest of 585 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 94.89% |
| Real assets | 2.74% |
| Derivatives | 2.70% |
| Cash & short-term | 2.03% |
Derivatives are shown at market value, not notional exposure.
By sector
- Financials
- 18.7%
- Information Technology
- 16.6%
- Health Care
- 14.3%
- Industrials
- 11.5%
- 10 other sectors
- 38.8%
- Financials
- 18.7%
- Information Technology
- 16.6%
- Health Care
- 14.3%
- Industrials
- 11.5%
- Consumer Discretionary
- 6.6%
- Communication Services
- 5.2%
- Energy
- 4.6%
- Consumer Staples
- 4.4%
- Utilities
- 4.0%
- Materials
- 3.7%
- Other
- 2.9%
- Real Estate
- 2.8%
- International
- 2.6%
- Cash
- 2.0%
How it has done
BBVLX share class · total returns with dividends reinvested
Volatility over the last 12 months: 10.60%. Past returns are a record, not a forecast.
Jun 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.
Fees & fund details
Bridge Builder Large Cap Value Fund is an actively managed U.S. equity fund. 9% of BBVLX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 95% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.23%· BBVLX 0.23%
- Portfolio turnover
- 29.00% a year · as of 2025 Q4
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
34 new· the largest 8
392 exited· the largest 8
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
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 2026Q2
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.
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.
| Credit spreads | 100% |
| Interest rates | 0% |
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.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +0.00 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 1 yr | 0.00 yr | 64% |
| 5 yr | 0.00 yr | 36% |
| 1 yr | 0.00 yr | 64% |
| 5 yr | 0.00 yr | 36% |
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
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 1 yr | +0.00 | +0.00 | +0.00 | $95 | $0 |
| 5 yr | +0.00 | +0.00 | +0.00 | $55 | $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.
Understand how this fund fits with the rest.
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