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Name

As of 04/18/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Bridges Investment Fund

BRGIX | Fund

$100.12

$224 M

0.00%

0.75%

Vitals

YTD Return

7.2%

1 yr return

31.4%

3 Yr Avg Return

6.6%

5 Yr Avg Return

13.6%

Net Assets

$224 M

Holdings in Top 10

56.6%

52 WEEK LOW AND HIGH

$100.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.75%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 9.20%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/18/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Bridges Investment Fund

BRGIX | Fund

$100.12

$224 M

0.00%

0.75%

BRGIX - Profile

Distributions

  • YTD Total Return 7.2%
  • 3 Yr Annualized Total Return 6.6%
  • 5 Yr Annualized Total Return 13.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.12%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Bridges Investment Fund
  • Fund Family Name
    Bridges
  • Inception Date
    Dec 15, 1998
  • Shares Outstanding
    2541272
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Edson Bridges

Fund Description

The Fund seeks to achieve its investment objectives by investing primarily in a diversified portfolio of common stocks, which Fund management believes offers the potential for increased earnings and dividends over time. Normally, such equity securities will represent 60% or more of the Fund’s net assets. However, the overall asset allocation is set by Fund management’s determination of the most attractive risk adjusted return opportunities available in both equity and fixed income securities.
The equity investment approach of Bridges Investment Management, Inc. (“BIM” or the “Adviser”) emphasizes owning securities of the companies in the Fund which it believes offer the best potential for above-average, long-term capital appreciation. The Adviser’s equity investment process focuses on identifying companies which have accelerating revenues, earnings growth, strong dividend growth potential, free cash flow growth, expanding margins and strong balance sheets. Market capitalization or company size is a result of this investment approach rather than an active investment consideration. Historically, the Fund has primarily owned equity securities in larger companies, although at any time, the Fund may own securities in small, medium, or large size companies. The Fund may also invest in common stocks which the Adviser believes may be cyclically depressed or undervalued, and therefore, may offer potential for capital appreciation. The Fund may, from time to time, have significant exposure to one or more sectors of the market. As of December 31, 2022, 39.44% of the Predecessor Fund’s net assets were invested in securities of issuers within the information technology sector.
In pursuing these principal investment objectives, the Fund may invest up to 15% of its total assets in U.S. dollar-denominated securities of foreign issuers traded on U.S. exchanges, and up to 20% of its total assets in American Depositary Receipts (“ADRs”) traded on U.S. exchanges or in the U.S. over-the-counter market.
In addition, to generate current income, as part of its principal strategy the Fund may acquire investment grade corporate bonds, debentures, U.S. Treasury bonds and notes, and preferred stocks. Historically, such fixed income securities have not constituted more than 40% of the market value of the Fund’s portfolio and generally represent a small portion of the Fund’s portfolio. When the Fund acquires fixed income securities, the Adviser primarily has two considerations that drive its maturity strategy. First, the Adviser will generally manage the weighted average life of the Fund’s fixed income portfolio given its perception of where value lies at any point in time on the yield curve. Second, the Adviser will manage the weighted average life of the Fund’s fixed income portfolio based on its intermediate to longer-term outlook for interest rates at any point in time.
The allocation of Fund investments among common stocks and other equity securities and bonds and other debt securities (including U.S. Treasury securities) is based on the Adviser’s judgments about the potential returns and risks of each class. The Adviser considers a number of factors when making these allocations, including economic conditions and monetary factors, inflation and interest levels and trends, and fundamental factors (such as price/earnings ratios or growth rates) of individual companies in which the Fund invests.
The Adviser may sell a security or reduce its position if the investment strategy is violated, a more attractively priced security is found, or the security becomes overvalued relative to the long-term expectation.
Read More

BRGIX - Performance

Return Ranking - Trailing

Period BRGIX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.2% -16.3% 19.3% 55.60%
1 Yr 31.4% -24.2% 56.3% 51.42%
3 Yr 6.6%* -31.3% 22.2% 30.67%
5 Yr 13.6%* -16.7% 28.7% 49.86%
10 Yr 11.9%* -5.9% 18.7% 68.48%

* Annualized

Return Ranking - Calendar

Period BRGIX Return Category Return Low Category Return High Rank in Category (%)
2023 34.1% -74.1% 72.4% 43.98%
2022 -33.2% -85.9% 4.7% 43.48%
2021 17.6% -52.4% 60.5% 20.62%
2020 21.5% -34.3% 145.0% 66.54%
2019 27.2% -21.8% 49.4% 36.67%

Total Return Ranking - Trailing

Period BRGIX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.2% -16.3% 19.3% 55.60%
1 Yr 31.4% -24.2% 56.3% 51.42%
3 Yr 6.6%* -31.3% 22.2% 30.67%
5 Yr 13.6%* -16.7% 28.7% 49.86%
10 Yr 11.9%* -5.9% 18.7% 68.48%

* Annualized

Total Return Ranking - Calendar

Period BRGIX Return Category Return Low Category Return High Rank in Category (%)
2023 38.9% -4.6% 72.4% 46.56%
2022 -28.7% -61.7% 5.6% 35.70%
2021 25.9% -39.8% 118.1% 22.83%
2020 26.6% 2.8% 149.2% 80.75%
2019 32.4% -5.2% 49.4% 56.02%

NAV & Total Return History

BRGIX - Holdings

Concentration Analysis

BRGIX Category Low Category High BRGIX % Rank
Net Assets 224 M 242 K 269 B 75.00%
Number of Holdings 40 1 3217 78.38%
Net Assets in Top 10 118 M 104 K 111 B 74.58%
Weighting of Top 10 56.59% 0.7% 205.0% 19.90%

Top 10 Holdings

  1. Microsoft Corp 9.40%
  2. Apple Inc 8.33%
  3. Amazon.com Inc 7.31%
  4. Alphabet Inc 5.37%
  5. Alphabet Inc 5.35%
  6. NVIDIA Corp 4.64%
  7. Mastercard Inc 4.51%
  8. Visa Inc 4.01%
  9. Old Dominion Freight Line Inc 3.90%
  10. Palo Alto Networks Inc 3.76%

Asset Allocation

Weighting Return Low Return High BRGIX % Rank
Stocks 		99.06% 0.00% 130.05% 41.22%
Cash 		0.97% -1.50% 173.52% 54.65%
Preferred Stocks 		0.00% 0.00% 7.84% 59.63%
Other 		0.00% -43.49% 50.04% 61.15%
Convertible Bonds 		0.00% 0.00% 1.94% 52.96%
Bonds 		0.00% 0.00% 104.15% 55.24%

Stock Sector Breakdown

Weighting Return Low Return High BRGIX % Rank
Technology 		30.17% 0.00% 65.70% 68.95%
Financial Services 		27.57% 0.00% 43.06% 1.27%
Consumer Cyclical 		12.26% 0.00% 62.57% 71.49%
Communication Services 		12.14% 0.00% 66.40% 33.50%
Industrials 		8.45% 0.00% 30.65% 21.15%
Healthcare 		7.99% 0.00% 39.76% 89.59%
Real Estate 		0.57% 0.00% 16.05% 57.53%
Energy 		0.55% 0.00% 41.09% 48.82%
Basic Materials 		0.31% 0.00% 18.91% 70.22%
Utilities 		0.00% 0.00% 16.07% 66.50%
Consumer Defense 		0.00% 0.00% 25.50% 93.23%

Stock Geographic Breakdown

Weighting Return Low Return High BRGIX % Rank
US 		99.06% 0.00% 130.05% 30.41%
Non US 		0.00% 0.00% 78.10% 67.74%

BRGIX - Expenses

Operational Fees

BRGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.75% 0.01% 19.54% 69.94%
Management Fee 0.50% 0.00% 1.50% 28.16%
12b-1 Fee N/A 0.00% 1.00% 19.59%
Administrative Fee N/A 0.01% 1.02% N/A

Sales Fees

BRGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 8.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

BRGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BRGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 9.20% 0.00% 316.74% 8.50%

BRGIX - Distributions

Dividend Yield Analysis

BRGIX Category Low Category High BRGIX % Rank
Dividend Yield 0.00% 0.00% 28.16% 73.10%

Dividend Distribution Analysis

BRGIX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual SemiAnnual Annual

Net Income Ratio Analysis

BRGIX Category Low Category High BRGIX % Rank
Net Income Ratio -0.12% -6.13% 3.48% 34.37%

Capital Gain Distribution Analysis

BRGIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

BRGIX - Fund Manager Analysis

Managers

Edson Bridges

Start Date

Tenure

Tenure Rank

Apr 11, 1997

25.15

25.2%

Mr. Edson L. Bridges III, CFA, President, Chief Executive Officer and Chief Investment Officer of the Fund and President, Chief Executive Officer and director of BIM, is responsible for the day-to-day operation of the Fund’s portfolio. Mr. Bridges dedicates his professional efforts towards securities research and portfolio management for BIM and BIC. Mr. Bridges has been employed in these areas of responsibility for all clients, including the Fund.

Brian Kirkpatrick

Start Date

Tenure

Tenure Rank

Apr 30, 2006

16.1

16.1%

Mr. Brian M. Kirkpatrick, CFA, is a Senior Vice President, Director of Research, Chief Compliance Officer and director of Bridges Investment Management Inc. Mr. Kirkpatrick has more than a 25-year career with Bridges Investment Counsel, Inc..

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 54.45 8.21 3.08

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