Overview

Investment Objective

To provide high current return with short-term risk less than or equal to 40% of that of the stock market.

Investment Universe

Both equity and debt securities, including companies on which exchange-traded options are available.

Investment Strategies

Management of this strategy focuses on creating an allocation of equities, debt, options, and futures to help position the portfolio to navigate unpredictable markets. Each component plays a complementary role and is used systematically in a strategic allocation to deliver potential benefits.

Strategy Basics

Category Long-Short Equity
Benchmark S&P 500 Index
Inception 07/01/2001

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 Managed Volatility Composite - Portfolios in this composite are managed with an objective of seeking to provide a high current return with short-term risk less than or equal to 40% of the stock market. These portfolios invest in both equity and debt seeking to provide less volatility, but with above-average performance. Investments may include option writing (up to 75% of assets), fixed income securities (at least 25% of assets), and any companies where exchange traded options are available, although BCM may not cover some positions with options. Portfolios in this composite would appropriately be benchmarked against the S&P 500® Index.

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.

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® 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.