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Critical Facts You Need to Know About Preferred Stocks
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Small-Cap Value Fund
mutual fund
BRSVX
Payout Change
Pending
Price as of:
$37.32
+0.13
+0.35%
primary theme
U.S. Small-Cap Value Equity
share class
BRSVX (Mutual Fund)
Small-Cap Value Fund
Payout Change
Pending
Price as of:
$37.32
+0.13
+0.35%
primary theme
U.S. Small-Cap Value Equity
share class
BRSVX (Mutual Fund)
Small-Cap Value Fund
Payout Change
Pending
Price as of:
$37.32
+0.13
+0.35%
primary theme
U.S. Small-Cap Value Equity
share class
Name
As of 12/20/2024Price
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
Vitals
YTD Return
3.6%
1 yr return
3.9%
3 Yr Avg Return
3.6%
5 Yr Avg Return
15.5%
Net Assets
$529 M
Holdings in Top 10
13.2%
52 WEEK LOW AND HIGH
$37.2
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.89%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 91.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/20/2024Price
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
BRSVX - Profile
Distributions
- YTD Total Return 3.6%
- 3 Yr Annualized Total Return 3.6%
- 5 Yr Annualized Total Return 15.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.40%
- Dividend Yield 1.7%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameSmall-Cap Value Fund
-
Fund Family NameBridgeway
-
Inception DateNov 07, 2003
-
Shares OutstandingN/A
-
Share ClassN
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJohn Montgomery
Fund Description
The Fund invests in a diversified portfolio of small-cap stocks that are listed on the New York Stock Exchange, NYSE American, and Nasdaq. Under normal circumstances, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in stocks from among those in the small-cap value category at the time of purchase. For purposes of the Fund’s investments, “small-cap stocks” are those whose market capitalization (stock market worth) falls within the range of the Russell 2000® Index, an unmanaged, market value weighted index, which measures the performance of the 2,000 companies that are between the 1,000th and 3,000th largest in the market with dividends reinvested. The market capitalization range for the Russell 2000 Index was $106 million to $48 billion as of June 30, 2024. Bridgeway Capital Management, LLC (the “Adviser”) selects stocks within the small-cap value category for the Fund using a statistical approach. Value stocks are those the Adviser believes are priced cheaply relative to some financial measures of worth, such as the ratio of price to earnings, price to sales, or price to cash flow.
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.
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.
While the Fund is managed for long-term total return on capital, the Adviser seeks to minimize capital gains distributions as part of a tax management strategy. The successful application of this method is intended to result in a more tax-efficient fund than would otherwise be the case.
BRSVX - Performance
Return Ranking - Trailing
| Period | BRSVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.6% | -39.7% | 24.6% | 86.12% |
| 1 Yr | 3.9% | -39.1% | 26.7% | 83.25% |
| 3 Yr | 3.6%* | -10.8% | 74.6% | 63.73% |
| 5 Yr | 15.5%* | -6.4% | 50.5% | 4.39% |
| 10 Yr | 9.8%* | -3.1% | 27.4% | 5.61% |
* Annualized
Return Ranking - Calendar
| Period | BRSVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 11.0% | -6.0% | 33.6% | 53.72% |
| 2022 | -8.6% | -33.6% | 212.9% | 10.78% |
| 2021 | 60.0% | -62.0% | 147.6% | 0.51% |
| 2020 | 11.1% | -24.8% | 31.3% | 7.75% |
| 2019 | 12.3% | -21.7% | 34.0% | 86.99% |
Total Return Ranking - Trailing
| Period | BRSVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.6% | -39.7% | 24.6% | 86.12% |
| 1 Yr | 3.9% | -39.1% | 26.7% | 83.25% |
| 3 Yr | 3.6%* | -10.8% | 74.6% | 63.73% |
| 5 Yr | 15.5%* | -6.4% | 50.5% | 4.39% |
| 10 Yr | 9.8%* | -3.1% | 27.4% | 5.61% |
* Annualized
Total Return Ranking - Calendar
| Period | BRSVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 14.1% | 1.8% | 35.4% | 64.03% |
| 2022 | -7.7% | -25.2% | 250.0% | 23.77% |
| 2021 | 67.7% | -3.0% | 157.9% | 0.51% |
| 2020 | 12.0% | -13.5% | 33.4% | 7.75% |
| 2019 | 15.0% | -1.5% | 34.3% | 96.75% |
NAV & Total Return History
BRSVX - Holdings
Concentration Analysis
| BRSVX | Category Low | Category High | BRSVX % Rank | |
|---|---|---|---|---|
| Net Assets | 529 M | 3.29 M | 63 B | 45.45% |
| Number of Holdings | 142 | 10 | 1599 | 33.01% |
| Net Assets in Top 10 | 68 M | 279 K | 3.62 B | 54.55% |
| Weighting of Top 10 | 13.21% | 5.2% | 92.1% | 77.70% |
Top 10 Holdings
- Jackson Financial Inc 1.49%
- Group 1 Automotive Inc 1.43%
- DREY INST PREF GOV MM-M 1.39%
- M/I Homes Inc 1.37%
- Essential Properties Realty Trust Inc 1.35%
- Boise Cascade Co 1.28%
- G-III Apparel Group Ltd 1.27%
- ESCO Technologies Inc 1.21%
- Community Health Systems Inc 1.21%
- Veracyte Inc 1.20%
Asset Allocation
| Weighting | Return Low | Return High | BRSVX % Rank | |
|---|---|---|---|---|
| Stocks | 99.56% | 6.25% | 105.88% | 21.77% |
| Cash | 1.69% | 0.00% | 37.64% | 46.65% |
| Preferred Stocks | 0.00% | 0.00% | 1.05% | 38.76% |
| Other | 0.00% | -1.07% | 38.91% | 57.42% |
| Convertible Bonds | 0.00% | 0.00% | 2.63% | 36.41% |
| Bonds | 0.00% | 0.00% | 90.12% | 38.28% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | BRSVX % Rank | |
|---|---|---|---|---|
| Financial Services | 24.59% | 0.00% | 35.71% | 41.91% |
| Energy | 13.97% | 0.00% | 29.42% | 9.56% |
| Industrials | 11.60% | 0.65% | 48.61% | 92.89% |
| Real Estate | 8.89% | 0.00% | 44.41% | 35.29% |
| Healthcare | 8.76% | 0.00% | 25.76% | 18.38% |
| Consumer Cyclical | 8.52% | 0.35% | 51.62% | 82.35% |
| Basic Materials | 7.93% | 0.00% | 67.30% | 12.25% |
| Consumer Defense | 7.07% | 0.00% | 13.22% | 12.99% |
| Communication Services | 4.81% | 0.00% | 17.58% | 8.82% |
| Technology | 2.31% | 0.00% | 27.23% | 98.77% |
| Utilities | 1.56% | 0.00% | 13.86% | 67.89% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | BRSVX % Rank | |
|---|---|---|---|---|
| US | 99.56% | 6.25% | 105.88% | 11.96% |
| Non US | 0.00% | 0.00% | 77.52% | 54.31% |
BRSVX - Expenses
Operational Fees
| BRSVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.89% | 0.05% | 37.04% | 78.47% |
| Management Fee | 0.63% | 0.00% | 1.50% | 15.83% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.35% | N/A |
Sales Fees
| BRSVX 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% | 4.00% | N/A |
Trading Fees
| BRSVX 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.
| BRSVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 91.00% | 7.00% | 252.00% | 88.49% |
BRSVX - Distributions
Dividend Yield Analysis
| BRSVX | Category Low | Category High | BRSVX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.68% | 0.00% | 14.14% | 41.87% |
Dividend Distribution Analysis
| BRSVX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
| BRSVX | Category Low | Category High | BRSVX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.40% | -1.43% | 4.13% | 50.98% |
Capital Gain Distribution Analysis
| BRSVX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 11, 2024 | $0.626 | OrdinaryDividend |
| Dec 11, 2024 | $2.204 | CapitalGainLongTerm |
| Dec 13, 2023 | $1.018 | OrdinaryDividend |
| Dec 15, 2022 | $0.332 | OrdinaryDividend |
| Dec 15, 2021 | $1.026 | OrdinaryDividend |
| Sep 22, 2021 | $0.704 | OrdinaryDividend |
| Dec 16, 2020 | $0.200 | OrdinaryDividend |
| Dec 17, 2019 | $0.509 | OrdinaryDividend |
| Dec 18, 2018 | $0.024 | CapitalGainShortTerm |
| Dec 18, 2018 | $3.845 | CapitalGainLongTerm |
| Dec 18, 2018 | $0.237 | OrdinaryDividend |
| Dec 14, 2017 | $0.231 | OrdinaryDividend |
| Dec 15, 2016 | $0.244 | OrdinaryDividend |
| Dec 16, 2015 | $0.391 | OrdinaryDividend |
| Dec 16, 2014 | $0.166 | OrdinaryDividend |
| Dec 17, 2013 | $0.088 | OrdinaryDividend |
| Dec 21, 2012 | $0.356 | OrdinaryDividend |
| Dec 15, 2011 | $0.186 | OrdinaryDividend |
| Dec 14, 2010 | $0.069 | OrdinaryDividend |
| Dec 15, 2009 | $0.066 | OrdinaryDividend |
| Dec 16, 2008 | $0.073 | OrdinaryDividend |
BRSVX - Fund Manager Analysis
Managers
John Montgomery
Start Date
Tenure
Tenure Rank
Oct 31, 2003
18.59
18.6%
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 | 8.23 | 3.58 |
