Bridge Builder Municipal Bond Fund (BBMUX)

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Bridge Builder Municipal Bond Fund (BBMUX) is up 1.2% since the beginning of the year. BBMUX is currently trading at $10 per share. Investors who bought $1,000 worth of BBMUX shares 5 years ago would now be looking at an investment worth $1,051.

Bridge Builder Municipal Bond Fund (BBMUX) has returned 1.23% so far this year and 6.22% over the past 12 months. Over the last ten years, BBMUX has returned 2.00% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Sep 21, 2015, BBMUX's average daily return is +0.01%, while the average monthly return is +0.19%. At this rate, an investment would double in approximately 30.4 years.

Historically, 66% of months were positive and 34% were negative. The best month was Nov 2023 with a return of +4.9%, while the worst month was Mar 2020 at -4.5%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.

On a daily basis, BBMUX closed higher 32% of trading days. The best single day was Mar 25, 2020 with a return of +2.9%, while the worst single day was Mar 19, 2020 at -2.5%.

Bridge Builder Municipal Bond Fund has an annualized alpha of 1.94%, beta of 0.02, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since September 21, 2015.

• This fund participated in 15.46% of S&P 500 Index downside but only 12.47% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.02 may look defensive, but with R2 of 0.01 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.01 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

BBMUX has an expense ratio of 0.15%, which is considered low.

BBMUX ranks 70 for risk / return — better than 70% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

Bridge Builder Municipal Bond Fund provided a 3.37% dividend yield over the last twelve months, with an annual payout of $0.34 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for Bridge Builder Municipal Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Bridge Builder Municipal Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Bridge Builder Municipal Bond Fund was 12.65%, occurring on Oct 25, 2022. Recovery took 717 trading sessions.

The current Bridge Builder Municipal Bond Fund drawdown is 0.64%.

The chart below shows the rolling one-month volatility.