Bridge Builder Municipal Bond Fund (BBMUX)
The fund invests, under normal market conditions, at least 80% of its net assets (plus the amount of borrowings for investment purposes) in municipal securities of any maturity or duration whose interest is exempt from federal income tax. It invests in municipal securities rated below investment grade, also known as "junk bonds," or in unrated municipal securities that a Sub-adviser believes are of comparable quality.
Fund Info
US10803R8016
Sep 13, 2015
$0
Expense Ratio
BBMUX has an expense ratio of 0.15%, which is considered low.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Bridge Builder Municipal Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Bridge Builder Municipal Bond Fund (BBMUX) returned -0.45% year-to-date (YTD) and 1.54% over the past 12 months.
BBMUX
-0.45%
0.93%
0.24%
1.54%
1.75%
N/A
^GSPC (Benchmark)
-3.70%
13.67%
-5.18%
9.18%
14.14%
10.43%
Monthly Returns
The table below presents the monthly returns of BBMUX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.60% | 0.98% | -1.40% | -0.71% | 0.10% | -0.45% | |||||||
| 2024 | -0.13% | 0.16% | 0.08% | -0.73% | -0.22% | 1.30% | 0.79% | 0.79% | 0.88% | -1.21% | 1.32% | -0.91% | 2.09% |
| 2023 | 2.72% | -1.88% | 1.69% | -0.07% | -0.67% | 0.86% | 0.35% | -0.77% | -2.01% | -0.78% | 4.86% | 2.11% | 6.36% |
| 2022 | -2.35% | -0.52% | -2.72% | -2.39% | 1.30% | -1.62% | 2.35% | -1.90% | -3.27% | -0.72% | 4.09% | 0.05% | -7.70% |
| 2021 | 0.74% | -1.23% | 0.55% | 0.81% | 0.45% | 0.34% | 0.62% | -0.21% | -0.68% | -0.21% | 0.81% | 0.07% | 2.04% |
| 2020 | 1.54% | 1.04% | -4.53% | -1.35% | 2.68% | 1.46% | 1.44% | 0.00% | -0.01% | -0.01% | 1.21% | 0.86% | 4.22% |
| 2019 | 0.83% | 0.60% | 1.31% | 0.32% | 1.33% | 0.41% | 0.79% | 1.26% | -0.55% | 0.12% | 0.19% | 0.30% | 7.14% |
| 2018 | -0.71% | -0.31% | 0.28% | -0.32% | 0.99% | 0.08% | 0.30% | 0.20% | -0.50% | -0.48% | 0.92% | 1.04% | 1.49% |
| 2017 | 0.58% | 0.64% | 0.27% | 0.66% | 1.15% | -0.24% | 0.74% | 0.73% | -0.24% | 0.06% | -0.42% | 0.74% | 4.76% |
| 2016 | 0.96% | 0.15% | 0.26% | 0.55% | 0.24% | 1.29% | 0.12% | 0.11% | -0.25% | -0.81% | -3.06% | 0.44% | -0.06% |
| 2015 | 0.68% | 0.30% | 0.36% | 0.50% | 1.86% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BBMUX is 49, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Bridge Builder Municipal Bond Fund (BBMUX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Bridge Builder Municipal Bond Fund provided a 3.21% dividend yield over the last twelve months, with an annual payout of $0.31 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.31 | $0.33 | $0.29 | $0.23 | $0.21 | $0.25 | $0.27 | $0.24 | $0.20 | $0.20 | $0.07 |
Dividend yield | 3.21% | 3.39% | 2.94% | 2.40% | 1.92% | 2.31% | 2.57% | 2.34% | 1.96% | 1.99% | 0.70% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.03 | $0.03 | $0.00 | $0.00 | $0.09 | |||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.29 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.21 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 2017 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.20 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.03 | $0.20 |
| 2015 | $0.03 | $0.01 | $0.01 | $0.03 | $0.07 |
Drawdowns
Drawdowns Chart
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.
Worst Drawdowns
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 12.15%, occurring on Oct 25, 2022. Recovery took 445 trading sessions.
The current Bridge Builder Municipal Bond Fund drawdown is 2.01%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -12.15% | Aug 6, 2021 | 308 | Oct 25, 2022 | 445 | Aug 5, 2024 | 753 |
| -10.29% | Mar 10, 2020 | 9 | Mar 20, 2020 | 168 | Nov 17, 2020 | 177 |
| -4.43% | Jul 11, 2016 | 102 | Dec 1, 2016 | 165 | Jul 31, 2017 | 267 |
| -4.02% | Mar 3, 2025 | 28 | Apr 9, 2025 | — | — | — |
| -1.91% | Oct 4, 2024 | 24 | Nov 6, 2024 | 18 | Dec 3, 2024 | 42 |
Volatility
Volatility Chart
The current Bridge Builder Municipal Bond Fund volatility is 2.33%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.