Bridgeway Funds Annual Report issued today

00BY

https://s3.amazonaws.com/bridgeway_web/SemiAnnual+Report/Bridgeway.pdf

BRAGX BRUSX BRSIX BRSMX BRSGX BRSVX BRLIX BRBPX

I think bridgeway puts together one of the more interesting reports. They have a nice style box of market returns showing the quarterly results and annual results. It was a good year for small value, up 31%. 6 out of 8 funds beat their benchmark for the quarter, but only 3 beat for the year. The annual report discusses the funds performances during 2016 as well as a few interesting articles:

"Understanding factors: What makes momentum work?" by Andrew Berkin
"Think like an Arbitrageur" by Dick Cancelmo
"How I invest my money" by John Montgomery (This was very transparent and interesting, although there are a few zeroes difference b/w his net worth and mine.)

rforno

Thanks. BRLIX remains very attractive to me as a place to park money to get broad megacap market exposure w/o needing to stick to an index and/or be market-cap weighted. I'd use that over an index fund any day.

It's rock-bottom cost is only icing on the cake, too.

00BY

@rfono fyi - Bridgeway spent a sizable amount of money in 2016 for their fee waiver for BRLIX. I think it is a good fund as well.

bee

@00BY

...but only 3 beat for the year

Isn't Bridgeway the only fund company that lowers its fund's ER when they under performs their benchmark?

Nice touch.