Overview

Investment Objective

To exceed the return of the S&P 500® Index over the long term (three years or more) through multi-factor diversification.

Investment Universe

The strategy invests in companies of any size that are listed on the New York Stock Exchange, the NYSE MKT, and Nasdaq®.

Investment Strategies

Management of this strategy is a statistical, bottom-up process that focuses on the entire universe of US common stocks. This universe of stocks is then narrowed to a robust portfolio through the use of multiple statistical models based on three investment themes: Company Financial Health, Value Metrics, and Price Momentum. Based on Bridgeway's research and experience, selecting what we believe to be the strongest stocks based on these three themes provides diversification, mitigates volatility, and delivers more consistent returns than any one theme could. This produces a robust portfolio of US equities for clients seeking outperformance of the S&P 500® Index.

We seek to be 100% invested in US equities at all times.

Strategy Basics

Category All-Cap Equity
Benchmark S&P 500 Index
Inception 01/01/2001

Team Managed


Bridgeway Capital Management, Inc. is a Houston-based, SEC Registered Investment Advisor founded in 1993. Registration does not imply a certain level of skill or training. BCM offers equity separate accounts, mutual funds, and sub-advisory services managed primarily in a statistical, evidence-based approach across multiple market capitalizations and investment styles to investors. The firm ascribes to four business values: Integrity, Performance, Efficiency and Service. BCM focuses on efficient trading to complement statistical stock selection and believes that it can add value by managing conflicts of interest, promoting its independence, and aggressively managing trading costs.

Past performance is not a guarantee of future results. Bridgeway Capital Management, Inc. claims compliance with the Global Investment Performance Standards (GIPS®). GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein. A full presentation in compliance with GIPS® and a complete list of composite descriptions are available upon request by contacting Bridgeway Capital Management, Inc. at:

20 Greenway Plaza, Suite 450
Houston, Texas 77046
713-661-3500

info@bridgeway.com

Bridgeway Aggressive Investors 1 Composite - Portfolios in this composite are managed with an objective of seeking to exceed the stock market total return, primarily through capital appreciation, at a level of risk roughly equal to that of the stock market over longer periods of time. Under this approach, Bridgeway invests in US companies of all sizes and holdings that span various styles including growth and value stocks. Bridgeway selects stocks using a statistically driven approach. The strategy may invest in a smaller number of companies, which will likely add to volatility. The strategy may invest in foreign securities. The strategy may engage in active and frequent trading, which could result in higher trading costs and lower investment performance. Portfolios in this composite would appropriately be benchmarked against the S&P 500® Index with dividends reinvested.

Composite portfolios may exhibit higher volatility due to the use of aggressive investment techniques including the use of futures, options, leverage, and short sales in portfolios. Futures and options may not always be successful hedges, and their prices can be highly volatile. They may not always successfully manage risk. Using futures and options could lower a portfolio’s total return, and the potential loss from the use of futures can exceed a portfolio’s initial investment in such contracts. Leverage created from borrowing may impair the portfolio’s liquidity, cause it to liquidate positions at an unfavorable time, increase volatility or otherwise not achieve its intended objective. These techniques are not currently (or historically) have been used in a material fashion.

The S&P 500® Index is a free-float capitalization-weighted index published since 1957 of the prices of 500 large-cap common stocks actively traded in the United States. The stocks included in the S&P 500® Index are those of large publicly held companies that are listed on the New York Stock Exchange, NYSE American, and Nasdaq®.

The currency used to express performance is the US dollar.