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Trending ETFs

Name

As of 10/14/2022

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

$9.81

$356 M

3.01%

$0.30

0.15%

Vitals

YTD Return

-32.1%

1 yr return

-1.3%

3 Yr Avg Return

14.9%

5 Yr Avg Return

13.1%

Net Assets

$356 M

Holdings in Top 10

35.7%

52 WEEK LOW AND HIGH

$10.0
$9.68
$16.90

Expenses

OPERATING FEES

Expense Ratio 0.15%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 7.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/14/2022

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

$9.81

$356 M

3.01%

$0.30

0.15%

BRLIX - Profile

Distributions

  • YTD Total Return -32.1%
  • 3 Yr Annualized Total Return 14.9%
  • 5 Yr Annualized Total Return 13.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.07%
DIVIDENDS
  • Dividend Yield 3.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Bridgeway Blue Chip 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 seeks to achieve its investment objective by investing in blue-chip stocks, while seeking to minimize the distribution of capital gains and minimize costs, and through some income almost exclusively derived from dividends paid by companies held in the Fund’s portfolio. Under normal circumstances, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in blue-chip stocks as determined at the time of purchase. For purposes of the Fund’s investments, Bridgeway Capital Management, LLC (the “Adviser”) considers “blue-chip stocks” to be stocks issued by the largest 150 U.S. companies as defined by market capitalization. These stocks tend to be well-known and established companies. As of September 30, 2021, approximately 98% of the Fund’s net assets were invested this way.
The Adviser’s investment process incorporates material environmental, social, and governance (“ESG”) information as a consideration in the ongoing assessment of all potential portfolio securities. The Adviser uses ESG research and/or ratings information provided by third parties in performing this analysis and considering ESG risks. As with any consideration used in assessing portfolio securities, the Adviser may, at times, utilize ESG information to increase the weighting of an issuer with a good ESG record or decrease the weighting of an issuer with a poor ESG record. However, as ESG information is just one investment consideration, ESG considerations are not solely determinative in any investment decision made by the Adviser. 
The Adviser selects stocks within the blue-chip category using a statistical approach that primarily considers market capitalization. The Fund seeks to hold the stocks of approximately 35 blue-chip companies, excluding any tobacco companies and ensuring reasonable industry diversification as determined by the Adviser. At times, however, the Fund may hold more or fewer stocks as a result of corporate actions such as spin-offs or mergers and acquisitions. Although the Fund seeks investments across a number of sectors, from time to time, based on portfolio positioning, the Fund may have significant positions in particular sectors. Each stock is roughly equally weighted in the Fund. The stocks are not market capitalization weighted.  
The Fund may purchase stock market index futures in order to equitize cash (i.e. to gain exposure to the U.S. equity market).  
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BRLIX - Performance

Return Ranking - Trailing

Period BRLIX Return Category Return Low Category Return High Rank in Category (%)
YTD -32.1% -53.4% 32.8% 97.48%
1 Yr -1.3% -38.2% 46.9% 42.57%
3 Yr 14.9%* -6.0% 26.9% 53.36%
5 Yr 13.1%* -2.5% 19.2% 21.62%
10 Yr 13.8%* 2.8% 16.6% 32.89%

* Annualized

Return Ranking - Calendar

Period BRLIX Return Category Return Low Category Return High Rank in Category (%)
2023 5.0% -87.2% 537.8% 85.82%
2022 -7.8% -94.0% 2181.7% 96.81%
2021 17.9% -22.7% 40.4% 77.79%
2020 -13.1% -100.0% 4.6% 47.55%
2019 12.8% -100.0% 36.4% 59.22%

Total Return Ranking - Trailing

Period BRLIX Return Category Return Low Category Return High Rank in Category (%)
YTD -32.1% -97.2% 32.8% 97.27%
1 Yr -1.3% -38.2% 67.6% 38.91%
3 Yr 14.9%* -7.1% 26.9% 48.41%
5 Yr 13.1%* -2.9% 19.2% 21.29%
10 Yr 13.8%* 2.8% 16.6% 30.40%

* Annualized

Total Return Ranking - Calendar

Period BRLIX Return Category Return Low Category Return High Rank in Category (%)
2023 5.0% -87.2% 537.8% 85.82%
2022 -7.8% -94.0% 2181.7% 96.81%
2021 17.9% -21.6% 40.4% 77.85%
2020 -13.1% -100.0% 8.2% 69.13%
2019 18.4% -100.0% 35.2% 61.22%

NAV & Total Return History


BRLIX - Holdings

Concentration Analysis

BRLIX Category Low Category High BRLIX % Rank
Net Assets 356 M 177 K 1.21 T 65.15%
Number of Holdings 40 2 4154 86.84%
Net Assets in Top 10 142 M 1.74 K 270 B 62.19%
Weighting of Top 10 35.70% 1.8% 100.0% 33.79%

Top 10 Holdings

  1. Apple Inc 3.99%
  2. United Parcel Service Inc Class B 3.96%
  3. Visa Inc Class A 3.85%
  4. Procter & Gamble Co 3.81%
  5. Microsoft Corp 3.78%
  6. Amazon.com Inc 3.72%
  7. Meta Platforms Inc Class A 3.70%
  8. Qualcomm Inc 3.41%
  9. JPMorgan Chase & Co 3.31%
  10. Chevron Corp 3.30%

Asset Allocation

Weighting Return Low Return High BRLIX % Rank
Stocks
100.00% 0.00% 130.24% 8.22%
Preferred Stocks
0.00% 0.00% 2.23% 56.65%
Other
0.00% -13.91% 134.98% 56.65%
Convertible Bonds
0.00% 0.00% 5.54% 54.58%
Cash
0.00% -102.29% 100.00% 91.98%
Bonds
0.00% -0.04% 95.81% 54.64%

Stock Sector Breakdown

Weighting Return Low Return High BRLIX % Rank
Technology
23.33% 0.00% 48.94% 58.66%
Financial Services
16.63% 0.00% 55.59% 19.96%
Communication Services
13.47% 0.00% 27.94% 5.28%
Healthcare
12.43% 0.00% 60.70% 82.07%
Consumer Defense
11.18% 0.00% 49.14% 8.46%
Consumer Cyclical
10.87% 0.00% 50.47% 44.05%
Industrials
6.40% 0.00% 29.90% 92.15%
Energy
5.68% 0.00% 41.64% 16.04%
Utilities
0.00% 0.00% 25.44% 93.03%
Real Estate
0.00% 0.00% 37.52% 94.11%
Basic Materials
0.00% 0.00% 26.10% 97.16%

Stock Geographic Breakdown

Weighting Return Low Return High BRLIX % Rank
US
100.00% 0.00% 127.77% 2.67%
Non US
0.00% 0.00% 33.69% 96.13%

BRLIX - Expenses

Operational Fees

BRLIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.15% 0.01% 3.53% 91.10%
Management Fee 0.08% 0.00% 2.00% 8.04%
12b-1 Fee N/A 0.00% 1.00% 21.10%
Administrative Fee N/A 0.00% 0.85% N/A

Sales Fees

BRLIX 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

BRLIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 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.

BRLIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 7.00% 0.00% 496.00% 18.23%

BRLIX - Distributions

Dividend Yield Analysis

BRLIX Category Low Category High BRLIX % Rank
Dividend Yield 3.01% 0.00% 14.76% 77.50%

Dividend Distribution Analysis

BRLIX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

BRLIX Category Low Category High BRLIX % Rank
Net Income Ratio 2.07% -54.00% 6.06% 0.51%

Capital Gain Distribution Analysis

BRLIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Annually

Distributions History

View More +

BRLIX - Fund Manager Analysis

Managers

John Montgomery


Start Date

Tenure

Tenure Rank

Jul 31, 1997

24.85

24.9%

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

16.6

16.6%

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


Start Date

Tenure

Tenure Rank

Oct 28, 2005

16.6

16.6%

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.

Christine Wang


Start Date

Tenure

Tenure Rank

Jun 01, 2013

9.0

9.0%

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
0.04 39.02 7.16 2.42