To provide a long-term total return on capital, primarily through capital appreciation, but also some income.
The Fund uses a generally equally weighted, value-oriented index to invest in ultra-large stocks. For investment purposes, “ultra-large stocks” or “blue chip stocks” are defined as the largest 150 US companies by market capitalization. As with other similar index funds, the Fund will likely underperform its Index by an amount comparable to its expenses and transaction costs. Bridgeway seeks to minimize this differentiation or tracking error by carefully managing costs, reimbursing expenses that exceed 0.15% annually, keeping Fund turnover and transaction expenses low, and discouraging market timers and short-term traders.
Elena Khoziaeva, CFA
Christine Wang, CFA, CPA
Michael Whipple, CFA, FRM
(as of 11/30/2020)
NAV change: $16.38
52-Week High $16.56 | 52-Week Low $10.49
|Benchmark||S&P 500 Index|
|MorningStar Rating (09/30/2020)|
As of 09/30/2020, Overall Morningstar Rating among 1229 Large Blend funds based on Morningstar weighted average of the Fund's three, five, and ten year Risk-Adjusted return.
Performance (as of 09/30/2020)
Calendar Year Performance (%)
|Total Return %||10.60||3.17||15.20||31.67||11.51||2.17||13.18||18.43||-1.48||31.05|
|S&P 500 Index||15.06||2.11||16.00||32.39||13.69||1.38||11.96||21.83||-4.38||31.49|
Annualized Returns (%)
|QTR||1 YR||3 YR||5 YR||10 YR||SINCE INCEPTION 07/31/1997|
|S&P 500 Index||8.93||15.15||12.28||14.15||13.74||7.60|
|Morningstar Ranking||—||948 of 1,370||330 of 1,229||288 of 1,066||243 of 819||—|
RETURNS LESS THAN ONE YEAR ARE NOT ANNUALIZED.
PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND IS NO GUARANTEE OF FUTURE RESULTS. CURRENT PERFORMANCE MAY BE LOWER OR HIGHER THAT THE PERFORMANCE DATA QUOTED. INVESTMENT RETURN AND PRINCIPAL VALUE WILL FLUCTUATE SO THAT AN INVESTOR'S SHARES, WHEN REDEEMED, MAY BE WORTH MORE OF LESS THAN ORIGINAL COST. FOR THE MOST RECENT MONTH-END PERFORMANCE, PLEASE CLICK HERE OR CALL 800-661-3550.
Growth of $10,000 Investment (09/30/2010 to 09/30/2020)
Characteristics (as of 09/30/2020)
Equity Portfolio Statistics
|Category||Stock Portfolio Avg.|
|Weighted Avg Market Cap (Mil)||$450,646|
|Total # of Holdings||39|
|Net Assets (Mil)||$430|
Company Size Breakdown
|Company Size||% Portfolio|
|Procter & Gamble Co.|
|United Parcel Service Inc.|
|JPMorgan Chase & Co.|
|Bank Of America Corp|
|Exxon Mobil Corp.|
|Home Depot Inc.|
|Berkshire Hathaway Inc|
|Johnson & Johnson|
|Merck & Co. Inc.|
|UnitedHealth Group Inc.|
|Wells Fargo & Co.|
|Cisco Systems Inc.|
|International Business Machines Corp.|
|Verizon Communications Inc.|
|Walt Disney Co.|
|Raytheon Technologies Corp|
|Alphabet Inc.-Cl A|
|Alphabet Inc.-Cl C|
|Carrier Global Corp|
|Otis Worldwide Corp|
Download Our Complete Holdings List
Fees and Expenses
Please refer to the table for any fees and expenses associated with the current fund.
|Gross Expense Ratio||0.27%|
|Net Expense Ratio||0.15%|
Historical Distribution and Tax Information
|Year||Ordinary Income||ST Cap Gains||LT Cap Gains||Total Distribution||Reinvest Nav||Record Date||Ex Date||Payable Date|
|Blue Chip Fund|
Past performance is not an indication of future results.
Some of the Fund’s fees were waived or expenses reimbursed; otherwise, returns would have been lower. The Adviser is contractually obligated to waive fees and/or reimburse expenses such that the net expenses of the Fund do not exceed 0.15%. Any material change to this Fund policy would require a vote by shareholders.
The Morningstar Rating™ for funds, or "star rating," is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36–59 months of total returns, 60% five-year rating/40% three-year rating for 60–119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Bridgeway Blue Chip Fund was ranked against the following number of US-domiciled large blend funds over the following time periods: 1229 funds over the last three years, 1066 funds over the last five years, and 819 funds over the last ten years. With respect to these large blend funds, Bridgeway Blue Chip Fund received a Morningstar Rating of four stars, four stars, and four stars for the three-, five-, and ten-year periods respectively.
Morningstar rankings are based on a fund's average annual total return relative to all funds in the same Morningstar category. Fund performance used within the rankings, reflects certain fee waivers, without which, returns and Morningstar rankings would have been lower.
Past performance is no guarantee of future results.
©2020 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
Before investing you should carefully consider the Fund's investment objectives, risks, charges, and expenses. This and other information is in the prospectus, a copy of which may be obtained by calling 800-661-3550 or visiting the Fund's website at bridgewayfunds.com. Please read the prospectus carefully before you invest.
Total return figures include the reinvestment of dividends and capital gains. Some of the fees were waived or expenses reimbursed; returns would have been lower had this not been the case. Returns do not reflect the taxes that a shareholder who owned this Fund in a taxable account would pay on Fund distributions or on the redemption of Fund shares.
The Fund is subject to market risk (volatility) and is not an appropriate investment for short-term investors. In addition, market turbulence and reduced liquidity in the markets may negatively affect many issuers, which could adversely affect the Funds.
The S&P 500® Index is a broad-based, unmanaged measurement of changes in stock market conditions based on the average of 500 widely held common stocks. The Russell Top 50® Mega Cap Index measures the performance of the largest companies in the Russell 3000® Index. All indexes assume that all dividends are reinvested. It is not possible to invest directly in an index.
Holdings and sector weightings are subject to change without notice. Percentages may not total 100 dues to rounding. Price-to-earnings ratios, price-to-book ratios, price-to-cash flow ratios, and price-to-sales ratios all express the value of a stock's most recent closing price as divided by the underlying company's earnings per share, book value per share, cash flow per share, or revenues per share (respectively), all as computed over the previous 12 months. Beta is a quantitative measure of the volatility of the Fund relative to the S&P 500® over the past three years. A beta above one is more volatile than the overall market, while a beta below one is less volatile.
The Fund is distributed by Foreside Fund Services, LLC, which is not affiliated with Bridgeway Capital Management, Inc.™ or any other affiliate.
Effective July 31, 2019, the Fund’s principal strategies were replaced.