Bridge Builder Municipal Bond Fund (BBMUX)

Overview

This investment fund specializes in allocating its resources primarily into municipal securities that are not subject to federal income tax. It focuses on maintaining at least 80% of its net assets, including any borrowings for investment purposes, in these tax-exempt securities. The fund is distinctive in its approach by investing in municipal securities that are rated below investment grade, commonly referred to as "junk bonds," and in unrated municipal securities that its sub-adviser deems to possess comparable quality. This strategy is designed for investors looking for tax-advantaged income, albeit with a higher risk profile associated with the lower-rated or unrated securities.

Products and Services

• Tax-Exempt Municipal Securities Investment

  The fund invests in municipal securities that yield income exempt from federal income tax. This product is aimed at investors seeking tax-advantaged income sources, providing an opportunity to enhance after-tax returns in their investment portfolio.

• Below Investment Grade and Unrated Securities Investment

  Targeting below investment grade and unrated municipal securities, the fund offers a higher yield potential compared to investment-grade securities. This service caters to investors with a higher risk tolerance, offering exposure to securities that a sub-adviser believes are of comparable quality to their rated counterparts but come with the increased risk and potential for higher returns associated with "junk bonds."