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Form 497K Bridge Builder Trust

August 9, 2022 10:09 AM EDT

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BRIDGE BUILDER TRUST

(the “Trust”)

Bridge Builder Tax Managed International Equity Fund

(the “Fund”)

Supplement dated August 9, 2022

to the Summary Prospectus dated May 11, 2022

This supplement provides new and additional information beyond that contained in the Summary Prospectus and should be read in conjunction with the Summary Prospectus.

Effective immediately, Maxim Skorniakov and Fraser Fox are added as portfolio managers of the portion of the assets of the Fund managed by Walter Scott & Partners Limited (“Walter Scott’s Allocated Portion of the Fund”). Jane Henderson, Charles Macquaker and Roy Leckie continue to serve as portfolio managers of Walter Scott’s Allocated Portion of the Fund.

Accordingly, effective immediately, the table entitled “Walter Scott” under the section of the Summary Prospectus entitled “Sub-advisers and Portfolio Managers” is replaced with the following:

 

Portfolio Managers   Position with Walter Scott    Length of Service to
the Fund

Jane Henderson

 

Managing Director

   Since Inception

Charles Macquaker

 

Executive Director-Investment

   Since Inception

Roy Leckie

 

Executive Director-Investment and Client Service

   Since Inception

Maxim Skorniakov

 

Investment Manager

   Since August 2022

Fraser Fox

 

Investment Manager

   Since August 2022

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE



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