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Trending ETFs

Name

As of 06/17/2024

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

$27.21

$86.8 M

0.00%

1.20%

Vitals

YTD Return

-4.9%

1 yr return

4.4%

3 Yr Avg Return

-1.8%

5 Yr Avg Return

13.1%

Net Assets

$86.8 M

Holdings in Top 10

25.7%

52 WEEK LOW AND HIGH

$27.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.20%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 82.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/17/2024

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

$27.21

$86.8 M

0.00%

1.20%

BRUSX - Profile

Distributions

  • YTD Total Return -4.9%
  • 3 Yr Annualized Total Return -1.8%
  • 5 Yr Annualized Total Return 13.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.48%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Ultra-Small Company Fund
  • Fund Family Name
    Bridgeway
  • Inception Date
    Dec 17, 1996
  • Shares Outstanding
    N/A
  • Share Class
    N
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    John Montgomery

Fund Description

The Fund invests in a diversified portfolio of common stocks of ultra-small companies. Under normal circumstances, 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. For purposes of the Fund’s investments, “ultra-small companies” are defined as those: (i) companies that have a market capitalization the size of the smallest 20% of companies listed on the New York Stock Exchange; or (ii) companies with a capitalization that falls within the range of capitalization of companies included in the CRSP Cap‑Based Portfolio 9 Index or the CRSP Cap‑Based Portfolio 10 Index as defined by the Center for Research in Security Prices, LLC (“CRSP”), an affiliate of the University of Chicago. A majority of these stocks are listed on Nasdaq. On June 30, 2023, the stocks in this group generally had a market capitalization of less than $537 million. Bridgeway Capital Management, LLC (the “Adviser”) selects stocks for the Fund using a statistical approach.
The Adviser’s investment process incorporates material environmental, social, and governance (“ESG”) information, when available, as a consideration in the ongoing assessment of 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. ESG information for ultra-small companies may be limited, although the Adviser’s investment process incorporates this information when available.
The Fund may invest up to 15% of its total assets in foreign securities. For purposes of the Fund’s investments, “foreign securities” means those securities issued by companies: (i) that are domiciled in a country other than the US; and (ii) that derive 50% or more of their total revenue from activities outside of the US.
Although the Fund seeks investments across a number of sectors, from time to time, based on portfolio positioning to reflect its benchmark, the Fund may have significant positions in particular sectors.
The Fund may engage in active and frequent trading of portfolio securities.
The Fund may purchase stock market index futures in order to equitize cash.
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BRUSX - Performance

Return Ranking - Trailing

Period BRUSX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.9% -13.7% 10.3% 92.92%
1 Yr 4.4% -6.4% 29.2% 92.69%
3 Yr -1.8%* -16.5% 61.9% 95.68%
5 Yr 13.1%* -4.0% 48.7% 7.99%
10 Yr 4.5%* -4.1% 25.7% 84.21%

* Annualized

Return Ranking - Calendar

Period BRUSX Return Category Return Low Category Return High Rank in Category (%)
2023 11.9% -6.0% 33.6% 49.89%
2022 -24.7% -36.7% 212.9% 88.55%
2021 6.6% -62.0% 147.6% 88.43%
2020 31.3% -24.8% 31.3% 0.25%
2019 8.3% -21.7% 34.0% 93.01%

Total Return Ranking - Trailing

Period BRUSX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.9% -13.7% 10.3% 92.92%
1 Yr 4.4% -6.4% 29.2% 92.69%
3 Yr -1.8%* -16.5% 61.9% 95.68%
5 Yr 13.1%* -4.0% 48.7% 7.99%
10 Yr 4.5%* -4.1% 25.7% 84.21%

* Annualized

Total Return Ranking - Calendar

Period BRUSX Return Category Return Low Category Return High Rank in Category (%)
2023 17.9% 1.8% 35.4% 29.75%
2022 -10.7% -36.7% 250.0% 44.86%
2021 33.3% -3.0% 157.9% 36.87%
2020 33.4% -13.5% 33.4% 0.25%
2019 9.5% -1.5% 34.3% 99.48%

NAV & Total Return History


BRUSX - Holdings

Concentration Analysis

BRUSX Category Low Category High BRUSX % Rank
Net Assets 86.8 M 2.13 M 52.9 B 80.82%
Number of Holdings 278 10 1578 21.00%
Net Assets in Top 10 22.9 M 180 K 3.25 B 76.71%
Weighting of Top 10 25.67% 5.0% 92.1% 32.04%

Top 10 Holdings

  1. DREY INST PREF GOV MM-M 7.07%
  2. RealReal Inc/The 4.16%
  3. Amplify Energy Corp 2.21%
  4. Arq Inc 2.16%
  5. Nkarta Inc 1.81%
  6. Douglas Elliman Inc 1.79%
  7. Friedman Industries Inc 1.79%
  8. Security National Financial Corp 1.58%
  9. LifeMD Inc 1.57%
  10. Gran Tierra Energy Inc 1.53%

Asset Allocation

Weighting Return Low Return High BRUSX % Rank
Stocks
99.51% 2.46% 104.11% 17.35%
Cash
7.42% 0.00% 41.08% 14.16%
Preferred Stocks
0.00% 0.00% 2.10% 8.90%
Other
0.00% -3.30% 39.58% 35.16%
Convertible Bonds
0.00% 0.00% 2.63% 4.17%
Bonds
0.00% 0.00% 78.84% 7.31%

Stock Sector Breakdown

Weighting Return Low Return High BRUSX % Rank
Healthcare
21.37% 0.00% 25.76% 0.47%
Financial Services
15.34% 0.00% 35.71% 86.92%
Industrials
12.71% 0.65% 48.61% 89.49%
Technology
11.91% 0.00% 34.03% 22.66%
Consumer Cyclical
10.45% 0.00% 51.62% 60.05%
Basic Materials
7.93% 0.00% 67.30% 11.92%
Energy
7.56% 0.00% 29.42% 58.88%
Communication Services
5.96% 0.00% 24.90% 6.78%
Consumer Defense
5.78% 0.00% 13.22% 20.33%
Real Estate
1.00% 0.00% 44.41% 91.59%
Utilities
0.00% 0.00% 13.86% 82.24%

Stock Geographic Breakdown

Weighting Return Low Return High BRUSX % Rank
US
99.51% 2.46% 104.11% 12.56%
Non US
0.00% 0.00% 76.26% 31.51%

BRUSX - Expenses

Operational Fees

BRUSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.20% 0.05% 37.04% 49.32%
Management Fee 0.90% 0.00% 1.50% 80.09%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.35% N/A

Sales Fees

BRUSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

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

BRUSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 82.00% 7.00% 252.00% 83.51%

BRUSX - Distributions

Dividend Yield Analysis

BRUSX Category Low Category High BRUSX % Rank
Dividend Yield 0.00% 0.00% 14.14% 91.10%

Dividend Distribution Analysis

BRUSX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Annual

Net Income Ratio Analysis

BRUSX Category Low Category High BRUSX % Rank
Net Income Ratio 0.48% -1.43% 4.13% 46.03%

Capital Gain Distribution Analysis

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

Distributions History

View More +

BRUSX - Fund Manager Analysis

Managers

John Montgomery


Start Date

Tenure

Tenure Rank

Aug 05, 1994

27.84

27.8%

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.

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.

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 37.45 8.2 3.58