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BRAGX Bridgeway Aggressive Investors 1

  • Fund
  • BRAGX
  • Price as of: Jun 25, 2019
  • $60.55 - $0.48 - 0.79%
  • Category
  • Mid Cap Blend Equities

BRAGX - Profile

Vitals

  • YTD Return 15.5%
  • 3 Yr Annualized Return 5.4%
  • 5 Yr Annualized Return 1.4%
  • Net Assets $169 M
  • Holdings in Top 10 21.7%

52 WEEK LOW AND HIGH

$60.55
$49.05
$76.40

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.96%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 105.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,000

IRA

$2,000

Investment Themes

CATEGORY

Mid Cap Blend Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Mid-Cap Blend

Distributions

  • YTD Total Return 15.5%
  • 3 Yr Annualized Total Return 5.6%
  • 5 Yr Annualized Total Return 1.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.31%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Bridgeway Aggressive Investors 1 Fund
  • Fund Family Name Bridgeway
  • Inception Date Aug 05, 1994
  • Shares Outstanding N/A
  • Share Class Other
  • Currency USD
  • Domiciled Country United States
  • Manager John N.R. Montgomery

Fund Description

The fund invests in a diversified portfolio of common stocks of companies of any size that are listed on the New York Stock Exchange, NYSE MKT and NASDAQ. It may invest in stocks for which there is relatively low market liquidity, as periodically determined by the Adviser based on the stock's trading volume.

BRAGX - Performance

Return Ranking - Trailing

Period BRAGX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.5% -9.4% 21.4% 36.02%
1 Yr -18.0% -40.2% 13.3% 85.82%
3 Yr 5.4%* -14.3% 11.9% 21.51%
5 Yr 1.4%* -16.2% 8.5% 18.33%
10 Yr 8.8%* -4.4% 13.8% 20.00%

* Annualized


Return Ranking - Calendar

Period BRAGX Return Category Return Low Category Return High Rank in Category (%)
2018 -30.4% -44.3% 7.9% 95.02%
2017 18.4% -20.7% 25.7% 3.83%
2016 18.8% -15.1% 40.3% 4.38%
2015 -9.9% -32.9% 1.5% 47.41%
2014 14.7% -42.4% 14.7% 0.41%

Total Return Ranking - Trailing

Period BRAGX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.5% -9.4% 21.2% 33.72%
1 Yr -18.0% -40.3% 14.2% 89.66%
3 Yr 5.6%* -12.1% 20.4% 56.57%
5 Yr 1.5%* -16.2% 11.5% 55.38%
10 Yr 9.9%* -4.4% 14.0% 46.67%

* Annualized


Total Return Ranking - Calendar

Period BRAGX Return Category Return Low Category Return High Rank in Category (%)
2018 -30.4% -44.3% 7.9% 95.79%
2017 18.4% -8.7% 25.7% 9.58%
2016 19.5% -4.9% 40.3% 17.13%
2015 -9.8% -32.9% 2.7% 69.32%
2014 15.0% -42.4% 17.2% 1.63%

NAV & Total Return History

BRAGX - Holdings

Concentration Analysis

BRAGX Category Low Category High BRAGX % Rank
Net Assets 169 M 1.77 M 105 B 68.58%
Number of Holdings 91 5 3267 39.08%
Net Assets in Top 10 38.7 M 1.59 M 7.5 B 72.41%
Weighting of Top 10 21.73% 5.0% 97.7% 55.17%

Top 10 Holdings

  1. HCA Healthcare Inc 2.47%

  2. Church & Dwight Co Inc 2.41%

  3. Micron Technology Inc 2.32%

  4. Merck & Co Inc 2.29%

  5. Applied Materials Inc 2.22%

  6. Eli Lilly and Co 2.19%

  7. Xilinx Inc 2.17%

  8. McCormick & Co Inc Non-Voting 2.07%

  9. Insperity Inc 1.80%

  10. Fiat Chrysler Automobiles NV 1.79%


Asset Allocation

Weighting Return Low Return High BRAGX % Rank
Stocks
99.92% 24.97% 103.09% 14.94%
Cash
0.08% -3.09% 40.74% 82.76%
Preferred Stocks
0.00% 0.00% 9.10% 36.78%
Other
0.00% -8.66% 3.09% 31.42%
Convertible Bonds
0.00% 0.00% 0.36% 30.27%
Bonds
0.00% 0.00% 34.31% 41.38%

Stock Sector Breakdown

Weighting Return Low Return High BRAGX % Rank
Technology
21.54% 0.11% 35.89% 16.09%
Consumer Cyclical
16.36% 0.00% 35.24% 23.37%
Financial Services
15.11% 0.00% 52.69% 48.66%
Healthcare
13.87% 0.00% 45.49% 13.79%
Industrials
8.49% 0.00% 46.61% 86.97%
Consumer Defense
6.47% -1.17% 15.66% 13.79%
Communication Services
6.21% -0.05% 25.65% 11.49%
Basic Materials
5.70% -0.25% 18.13% 39.08%
Energy
4.08% -0.82% 18.35% 54.41%
Real Estate
2.09% -0.49% 12.91% 68.20%
Utilities
0.00% -0.50% 25.33% 78.54%

Stock Geographic Breakdown

Weighting Return Low Return High BRAGX % Rank
US
94.89% 14.28% 100.30% 44.83%
Non US
5.03% 0.00% 50.86% 31.80%

BRAGX - Expenses

Operational Fees

BRAGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.96% 0.03% 6.27% 63.22%
Management Fee 0.71% 0.00% 2.00% 47.51%
12b-1 Fee 0.00% 0.00% 1.00% 6.41%
Administrative Fee N/A 0.01% 0.35% N/A

Sales Fees

BRAGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

BRAGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Turnover 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.

BRAGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 105.00% 1.00% 196.54% 89.66%

BRAGX - Distributions

Dividend Yield Analysis

BRAGX Category Low Category High BRAGX % Rank
Dividend Yield 0.01% 0.00% 0.05% 33.72%

Dividend Distribution Analysis

BRAGX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History


Net Income Ratio Analysis

BRAGX Category Low Category High BRAGX % Rank
Net Income Ratio 0.31% -4.72% 2.61% 52.11%

Capital Gain Distribution Analysis

BRAGX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

BRAGX - Managers

John N.R. Montgomery

Manager

Start Date

Tenure

Tenure Rank

Aug 05, 1994

24.84

24.8%

John, CIO and President,founded Bridgeway in 1993.He worked with computer modeling and quantitative methods as a research engineer at MIT in the late 1970s. Later, as a student at Harvard, he investigated methods to apply modeling to portfolio management. He began applying these methods to his investments in 1985. Over the next 6 years, this style proved more successful than even John had expected. He left his full-time position in the transportation industry at the end of 1991 to perform full-time research on his models, study the mutual fund industry, and write a business plan for Bridgeway.


Elena Khoziaeva

Manager

Start Date

Tenure

Tenure Rank

Oct 28, 2005

13.6

13.6%

Elena Khoziaeva, CFA, is a portfolio manager and began working at Bridgeway in 1998. Her responsibilities include portfolio management, investment research, and statistical modeling. Elena earned a Bachelor of Economic Sciences from Belarussian State Economic University in Minsk and graduated with highest honors from the University of Houston with an MBA in Accounting.


Michael Whipple

Manager

Start Date

Tenure

Tenure Rank

Oct 28, 2005

13.6

13.6%

Mike Whipple, CFA, FRM, is a portfolio manager and began working for Bridgeway in 2002. His responsibilities include portfolio management, investment research, and statistical modeling. He holds a BS in Accountancy and Finance from Miami University in Ohio. Michael worked in public accounting with a focus in auditing from 1993 to 2000 before attending the University of Chicago Booth School of Business from 2000 to 2002, where he earned his MBA.


Tenure Analysis

Category Low

0.08

Category High

40.44

Category Average

7.39

Category Mode

7.42