Bridge Builder Core Plus Bond

Under typical market conditions, this fund commits a minimum of 80% of its net assets to fixed income instruments of any duration or maturity. This allocation may also encompass financial derivatives that possess similar economic characteristics to bonds, as well as certain investment companies designed to mirror the performance of debt securities. Furthermore, the fund allocates a portion to a "plus" portfolio comprising higher-yielding, lower-quality debt, known as "junk bonds" due to their below-investment-grade status, or unrated securities that a sub-adviser assesses as having comparable creditworthiness.