Overview
Investment Objective
The Bridgeway Global Opportunities Fund seeks long-term positive absolute returns while limiting exposure to general stock market risk.
Investment Strategy
The Fund follows a dollar neutral strategy, designed to produce a portfolio that is neutral with respect to general stock market direction. The strategy is periodically rebalanced to have roughly equal investments in long and short positions, subject to the availability of shorts. To implement the strategy, the Adviser buys U.S. or foreign (including emerging markets) equity or equity related securities (or derivatives related thereto) that, based on a statistical approach, the Adviser believes offer an appropriate balance between strong prospects for growth and reasonable valuations relative to their industry peers and sells short securities or enters into short positions that the Adviser identifies as overvalued or have weak growth prospects, in amounts that it believes will achieve dollar neutrality. Stock selection is applied contextually based on country and sector constituency. Where might the fund fit in a well-diversified portfolio?: The Adviser believes that the Fund is appropriate as: A partial replacement for equity investments for investors who want to potentially reduce stock market risk. A partial replacement for fixed income investments for investors who want to potentially reduce interest rate risk and inflation risk. For investors who are averse to large drawdowns. The Fund is not an appropriate investment for short-term investors or those trying to time the market.
Team Managed
Jacob Pozharny, PhD
John Montgomery
Christine Wang, CFA, CPA
Elena Khoziaeva, CFA
Daily Stats
(as of 12/20/2024)
NAV change: $10.26
$-0.02/-0.19%
52-Week High $10.28 | 52-Week Low $9.98
Fund Basics
| Ticker | BRGOX |
|---|---|
| Category | Equity Market-Neutral |
| Benchmark | FTSE 3-month Treasury Bill Index |
| Inception | 10/15/2024 |
PERFORMANCE DATA QUOTED REPRESENTS PAST PERFORMANCE AND IS NO GUARANTEE OF FUTURE RESULTS. CURRENT PERFORMANCE MAY BE LOWER OR HIGHER THAN THE PERFORMANCE DATA QUOTED. INVESTMENT RETURN AND PRINCIPAL VALUE WILL FLUCTUATE SO THAT AN INVESTOR'S SHARES, WHEN REDEEMED, MAY BE WORTH MORE OR LESS THAN ORIGINAL COST. FOR THE MOST RECENT MONTH-END PERFORMANCE, PLEASE CLICK HERE OR CALL 800-661-3550. Short term performance, in particular, is not a good indication of the fund's future performance, and an investment should not be made based soley on returns.
Fees and Expenses
Please refer to the table for any fees and expenses associated with the current fund.
| Fees and Expenses | |
|---|---|
| Front-end Load | None |
| Deferred Loads | None |
| Management Fee | 1.25% |
| Performance Fee | None |
| 12B-1 Fee | None |
| Redemption Fee | 2% |
| Gross Expense Ratio | 3.06% |
| Net Expense Ratio | 1.68% |
Disclosures
Some of the Fund’s fees were waived or expenses reimbursed; otherwise, returns would have been lower. The Adviser is contractually obligated, until at least November 1, 2025, to waive fees and/or pay Fund expenses, if necessary, to ensure that Other Expenses do not exceed 0.25% excluding interest, taxes, dividend expense on short sales, interest expense relating to short sales, other borrowing costs, expenses related to class action claims, contingent expenses related to tax reclaim receipts, reorganization expenses and extraordinary expenses.
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.
Market volatility can significantly impact short-term performance. The Fund 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. Dollar Neutral Strategy Risk—Due to the availability of shorts, geopolitical or other factors, the Fund may be unable to match long and short positions expressed in dollars for a period of time. The Fund's use of derivatives, swaps, and leverage can magnify the risk of loss in an unfavorable market, and the Fund's use of short-sale positions can, in theory, expose shareholders to unlimited loss. The Fund may invest in foreign securities, which involve greater volatility and political, economic, and currency risks, and differences in accounting methods. These risks may be greater in emerging markets. The Fund is new and has no operating history.
The FTSE 3-Month Treasury Bill Index measures the performance of US Treasury Bills with a maturity of approximately 3 months, providing a benchmark for short-term, low-risk investments. All indexes assume that all dividends are reinvested. It is not possible to invest directly in an index.
The Fund is distributed by Foreside Fund Services, LLC, which is not affiliated with Bridgeway Capital Management, LLC ™ or any other affiliate.
