BRSIX: Bridgeway Ultra-Small Company Market

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BRSIX Bridgeway Ultra-Small Company Market


Profile

BRSIX - Profile

Vitals

  • YTD Return -7.3%
  • 3 Yr Annualized Return -11.2%
  • 5 Yr Annualized Return -6.0%
  • Net Assets $158 M
  • Holdings in Top 10 6.4%

52 WEEK LOW AND HIGH

$10.77
$6.38
$11.70

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.82%

SALES FEES

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

BROKERAGE FEES

  • Turnover 51.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

  • Standard (Taxable) $2,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -7.3%
  • 3 Yr Annualized Total Return -7.2%
  • 5 Yr Annualized Total Return 0.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.27%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Bridgeway Ultra Small Company Market Fund
  • Fund Family Name
    Bridgeway
  • Inception Date
    Jul 31, 1997
  • Shares Outstanding
    N/A
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    John Montgomery

Fund Description

The fund invests at least 80% of its net assets (plus borrowings for investment purposes) in ultra-small company stocks based on company size at the time of purchase. It aims to achieve its objective by approximating the total return of the Cap-Based Portfolio 10 Index (the "index") published by the University of Chicago's Center for Research in Security Prices ("CRSP") over longer time periods. The Adviser invests in a representative sample of the companies included in the index.


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Categories

Performance

BRSIX - Performance

Return Ranking - Trailing

Period BRSIX Return Category Return Low Category Return High Rank in Category (%)
YTD -7.3% -43.5% 262.2% 5.39%
1 Yr -2.6% -48.1% 296.9% 5.26%
3 Yr -11.2%* -33.0% 55.1% 36.99%
5 Yr -6.0%* -26.1% 35.0% 67.48%
10 Yr -1.4%* -16.0% 19.4% 69.44%

* Annualized

Return Ranking - Calendar

Period BRSIX Return Category Return Low Category Return High Rank in Category (%)
2019 13.8% -21.7% 34.0% 78.72%
2018 -28.4% -48.1% 5.1% 73.99%
2017 -1.5% -28.5% 26.3% 65.72%
2016 12.2% -2.4% 54.4% 91.94%
2015 -18.8% -36.0% 2.5% 82.54%

Total Return Ranking - Trailing

Period BRSIX Return Category Return Low Category Return High Rank in Category (%)
YTD -7.3% -43.5% 262.2% 5.39%
1 Yr -2.6% -48.1% 296.9% 5.26%
3 Yr -7.2%* -25.3% 55.1% 35.34%
5 Yr 0.4%* -14.2% 35.0% 34.05%
10 Yr 7.1%* -8.2% 19.4% 11.11%

* Annualized

Total Return Ranking - Calendar

Period BRSIX Return Category Return Low Category Return High Rank in Category (%)
2019 13.8% -21.7% 34.0% 78.72%
2018 -28.4% -48.1% 5.1% 82.84%
2017 12.3% -28.5% 26.3% 11.90%
2016 21.6% -0.8% 54.4% 66.27%
2015 -8.2% -36.0% 3.0% 58.10%

NAV & Total Return History


Holdings

BRSIX - Holdings

Concentration Analysis

BRSIX Category Low Category High BRSIX % Rank
Net Assets 158 M 6.28 K 28.5 B 59.47%
Number of Holdings 516 17 1550 12.38%
Net Assets in Top 10 9.48 M 179 K 1.82 B 79.61%
Weighting of Top 10 6.37% 4.5% 63.1% 98.28%

Top 10 Holdings

  1. QEP Resources Inc 0.74%
  2. Veritone Inc 0.68%
  3. Turtle Beach Corp 0.66%
  4. CymaBay Therapeutics Inc 0.66%
  5. A-Mark Precious Metals Inc 0.64%
  6. LogicBio Therapeutics Inc 0.64%
  7. Conn's Inc 0.60%
  8. Nautilus Inc 0.59%
  9. Surface Oncology Inc 0.59%
  10. Acacia Research Corp 0.58%

Asset Allocation

Weighting Return Low Return High BRSIX % Rank
Stocks
99.58% 80.23% 101.47% 24.03%
Other
0.42% -4.04% 15.03% 4.37%
Preferred Stocks
0.00% 0.00% 1.46% 82.04%
Convertible Bonds
0.00% 0.00% 3.75% 81.07%
Cash
0.00% -49.97% 19.71% 90.29%
Bonds
0.00% 0.00% 31.34% 82.52%

Stock Sector Breakdown

Weighting Return Low Return High BRSIX % Rank
Healthcare
23.00% 0.00% 23.00% 0.24%
Financial Services
15.91% 0.00% 37.80% 91.26%
Consumer Cyclical
14.74% 0.00% 46.81% 27.43%
Technology
11.36% 0.00% 35.54% 40.53%
Industrials
10.96% 0.00% 43.19% 97.57%
Energy
10.94% 0.00% 93.48% 2.43%
Communication Services
4.68% 0.00% 10.59% 8.74%
Basic Materials
3.55% 0.00% 14.80% 76.21%
Consumer Defense
3.07% 0.00% 15.57% 70.15%
Real Estate
1.12% 0.00% 17.84% 89.32%
Utilities
0.67% 0.00% 14.43% 71.60%

Stock Geographic Breakdown

Weighting Return Low Return High BRSIX % Rank
US
97.87% 80.23% 101.23% 26.94%
Non US
1.71% 0.00% 13.19% 65.78%

Expenses

BRSIX - Expenses

Operational Fees

BRSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.82% 0.05% 15.49% 91.73%
Management Fee 0.50% 0.05% 1.49% 5.58%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

BRSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

BRSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 0.50% 2.00% 50.00%

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.

BRSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 51.00% 5.00% 534.00% 43.03%

Distributions

BRSIX - Distributions

Dividend Yield Analysis

BRSIX Category Low Category High BRSIX % Rank
Dividend Yield 0.00% 0.00% 27.90% 82.77%

Dividend Distribution Analysis

BRSIX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Quarterly

Net Income Ratio Analysis

BRSIX Category Low Category High BRSIX % Rank
Net Income Ratio 1.27% -1.67% 2.73% 17.16%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

BRSIX - Fund Manager Analysis

Managers

John Montgomery


Start Date

Tenure

Tenure Rank

Jul 31, 1997

23.1

23.1%

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


Start Date

Tenure

Tenure Rank

Oct 28, 2005

14.85

14.9%

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


Start Date

Tenure

Tenure Rank

Oct 28, 2005

14.85

14.9%

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.

Christine Wang


Start Date

Tenure

Tenure Rank

Oct 31, 2010

9.84

9.8%

Christine L. Wang, CFA, CPA is a portfolio manager and began working at Bridgeway in 2008. Her responsibilities include portfolio management, investment research, and statistical modeling. Christine holds a MS in Accounting from the University of Virginia and BA in Sociology and Managerial Studies from Rice University. Christine is a Certified Public Accountant licensed in the state of Texas. Prior to joining Bridgeway, Christine worked in public accounting with a focus on energy trading and risk management from 2004 to 2008.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 35.7 7.15 0.67