- What does BRSIX invest in?
- The Bridgeway Ultra-Small Company Market Fund primarily focuses its investments, allocating at least 80% of its net assets (including any funds borrowed for investment purposes), to equities of ultra-small companies, the size of which is determined at the moment of acquisition. Its overarching goal is to emulate the total return performance of the CRSP Cap-Based Portfolio 10 Index, a benchmark published by CRSP (the Center for Research in Security Prices, LLC), an entity affiliated with the University of Chicago, over extended periods. To achieve this, the fund's Adviser implements a strategy of investing in a carefully selected, representative subset of the companies found within that index.
- What is the expense ratio of BRSIX?
- Bridgeway Ultra- Small Company Market Fund (BRSIX) charges an expense ratio of 0.75%. This is the annual fee deducted from fund assets to cover management and operations.
- Is BRSIX a good long-term hold?
- BRSIX is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.
- How does BRSIX's daily reset work?
- BRSIX rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.
- How big is BRSIX?
- Bridgeway Ultra- Small Company Market Fund (BRSIX) manages $148.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is BRSIX actively managed or an index fund?
- BRSIX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
