Bridgeway Funds Inc.
03/25/2026 | Press release | Distributed by Public on 03/25/2026 15:29
Amendment Semi-Annual Report by Investment Company (Form N-CSRS/A)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR/A
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT
INVESTMENT COMPANIES
Investment Company Act file number 811-08200
Bridgeway Funds, Inc.
(Exact name of registrant as specified in charter)
20 Greenway Plaza, Suite 930
Houston, Texas 77046
(Address of principal executive offices) (Zip code)
Elena Khoziaeva, President
Bridgeway Funds, Inc.
20 Greenway Plaza, Suite 930
Houston, Texas 77046
(Name and address of agent for service)
Registrant's telephone number, including area code: (713) 661-3500
Date of fiscal year end: June 30
Date of reporting period:December 31, 2025
Form N-CSRis to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1under the Investment Company Act of 1940 (17 CFR 270.30e-1).The Commission may use the information provided on Form N-CSRin its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-CSR,and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSRunless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
Explanatory Note:
The Registrant is filing this amendment to its Form N-CSR(the "Amendment") for the period ended December 31, 2025, originally filed with the Securities and Exchange Commission on March 6, 2026 (Accession Number 0001193125-26-096351) (the "Original Filing"). The purpose of this Amendment is to correct Item 1, "Reports to Stockholders" for the Global Opportunities Fund to include legends beneath the Top Sector Weightings and Top Country Weightings bar charts.
Except as set forth above, the Amendment does not amend, update or change any other items or disclosures found in the Original Filing.
Items 1(b) through 19(a)(1), 19 (a)(2), 19(a)(4) and 19(a)(5) of this Amendment to the Registrant's Form N-CSRSare incorporated by reference to the Original Filing.
Item 1. Reports to Stockholders.
|
(a) |
The Report to Shareholders is attached herewith. |
Semi - Annual Shareholder Report - December 31, 2025
This semi-annual shareholder report contains important information about Bridgeway Aggressive Investors 1 Fund for the period of July 1, 2025 to December 31, 2025.You can find additional information about the Fund at www.bridgewayfunds.com/resources/fund-documents. You can also request this information by contacting us at 800-661-3550.
Aggressive Investors 1 Fund
BRAGX
What were the Fund costs for the last six months?
(based on a hypothetical $10,000 investment)
|
Fund
|
Costs of a $10K Investment
|
Costs paid as a % of a $10K InvestmentFootnote Referencea
|
|
Aggressive Investors 1 Fund
|
$48
|
0.92%
|
| Footnote | Description |
|
Footnotea
|
Annualized. |
Key Fund Statistics
|
Total Net Assets
|
$213,576,291
|
|
# of Portfolio Holdings
|
94
|
|
Portfolio Turnover Rate
|
36%
|
What did the Fund invest in?
Asset Class Weightings (% of Net Assets)
|
Common Stocks
|
99.81%
|
|
Money Market Fund
|
0.18%
|
|
Other Assets in Excess of Liabilities
|
0.01%
|
Top Ten Holdings (% of Net Assets)
|
NVIDIA Corp.
|
5.25%
|
|
Microsoft Corp.
|
4.64%
|
|
Apple, Inc.
|
3.18%
|
|
Alphabet, Inc., Class A
|
2.99%
|
|
Palantir Technologies, Inc., Class A
|
1.97%
|
|
Lumentum Holdings, Inc.
|
1.90%
|
|
Amazon.com, Inc.
|
1.86%
|
|
Synchrony Financial
|
1.54%
|
|
Broadcom, Inc.
|
1.51%
|
|
Booking Holdings, Inc.
|
1.50%
|
Top Sector Weightings (% of Net Assets)
|
Value
|
Value
|
|
Cash and Other Sectors
|
1.72%
|
|
Consumer Staples
|
2.43%
|
|
Utilities
|
2.55%
|
|
Energy
|
2.81%
|
|
Communication Services
|
4.85%
|
|
Industrials
|
7.49%
|
|
Consumer Discretionary
|
10.07%
|
|
Health Care
|
14.01%
|
|
Financials
|
19.95%
|
|
Information Technology
|
34.12%
|
Aggressive Investors 1 Fund
Semi - Annual Shareholder Report - December 31, 2025
BRAGX
Bridgeway Funds
PO Box 534435
Pittsburgh, PA 15253-4435
800-661-3550
The Fund is distributed by Foreside Fund Services, LLC, which is not affiliated with Bridgeway Capital Management, LLC™ or any other affiliate.
Where can I find additional information about the Fund?
Additional information is available on www.bridgewayfunds.com, including its:
-prospectus
-financial information
-holdings
-proxy voting information
Semi - Annual Shareholder Report - December 31, 2025
This semi-annual shareholder report contains important information about Bridgeway Ultra-Small Company Fund for the period of July 1, 2025 to December 31, 2025.You can find additional information about the Fund at www.bridgewayfunds.com/resources/fund-documents. You can also request this information by contacting us at 800-661-3550.
Ultra-Small Company Fund
BRUSX
What were the Fund costs for the last six months?
(based on a hypothetical $10,000 investment)
|
Fund
|
Costs of a $10K Investment
|
Costs paid as a % of a $10K InvestmentFootnote Referencea
|
|
Ultra-Small Company Fund
|
$64
|
1.20%
|
| Footnote | Description |
|
Footnotea
|
Annualized. |
Key Fund Statistics
|
Total Net Assets
|
$90,467,859
|
|
# of Portfolio Holdings
|
216
|
|
Portfolio Turnover Rate
|
36%
|
What did the Fund invest in?
Asset Class Weightings (% of Net Assets)
|
Common Stocks
|
99.60%
|
|
Preferred Stock
|
0.00%
|
|
Rights
|
0.00%
|
|
Money Market Fund
|
0.46%
|
|
Investments Purchased With Cash Proceeds From Securities Lending
|
8.34%
|
|
Liabilities in Excess of Other Assets
|
-8.40%
|
Top Ten Holdings (% of Net Assets)
|
Eventbrite, Inc., Class A
|
2.38%
|
|
ON24, Inc.
|
2.05%
|
|
Zumiez, Inc.
|
2.01%
|
|
Ranger Energy Services, Inc., Class A
|
1.95%
|
|
Douglas Elliman, Inc.
|
1.75%
|
|
Movado Group, Inc.
|
1.72%
|
|
CS Disco, Inc.
|
1.66%
|
|
Sagimet Biosciences, Inc., Class A
|
1.60%
|
|
Civeo Corp.
|
1.53%
|
|
Rimini Street, Inc.
|
1.52%
|
Top Sector Weightings (% of Net Assets)
|
Value
|
Value
|
|
Cash and Other Sectors
|
2.57%
|
|
Materials
|
2.26%
|
|
Consumer Staples
|
3.56%
|
|
Communication Services
|
5.25%
|
|
Energy
|
6.91%
|
|
Industrials
|
10.05%
|
|
Information Technology
|
11.61%
|
|
Consumer Discretionary
|
12.45%
|
|
Financials
|
14.57%
|
|
Health Care
|
30.77%
|
Ultra-Small Company Fund
Semi - Annual Shareholder Report - December 31, 2025
BRUSX
Bridgeway Funds
PO Box 534435
Pittsburgh, PA 15253-4435
800-661-3550
The Fund is distributed by Foreside Fund Services, LLC, which is not affiliated with Bridgeway Capital Management, LLC™ or any other affiliate.
Where can I find additional information about the Fund?
Additional information is available on www.bridgewayfunds.com, including its:
-prospectus
-financial information
-holdings
-proxy voting information
Semi - Annual Shareholder Report - December 31, 2025
This semi-annual shareholder report contains important information about Bridgeway Ultra-Small Company Market Fund for the period of July 1, 2025 to December 31, 2025.You can find additional information about the Fund at www.bridgewayfunds.com/resources/fund-documents. You can also request this information by contacting us at 800-661-3550.
Ultra-Small Company Market Fund
BRSIX
What were the Fund costs for the last six months?
(based on a hypothetical $10,000 investment)
|
Fund
|
Costs of a $10K Investment
|
Costs paid as a % of a $10K InvestmentFootnote Referencea
|
|
Ultra-Small Company Market Fund
|
$43
|
0.75%
|
| Footnote | Description |
|
Footnotea
|
Annualized. |
Key Fund Statistics
|
Total Net Assets
|
$127,063,540
|
|
# of Portfolio Holdings
|
551
|
|
Portfolio Turnover Rate
|
21%
|
What did the Fund invest in?
Asset Class Weightings (% of Net Assets)
|
Common Stocks
|
99.71%
|
|
Rights
|
0.00%
|
|
Money Market Fund
|
0.29%
|
|
Investments Purchased With Cash Proceeds From Securities Lending
|
10.44%
|
|
Liabilities in Excess of Other Assets
|
-10.44%
|
Top Ten Holdings (% of Net Assets)
|
Terns Pharmaceuticals, Inc.
|
0.99%
|
|
Frequency Electronics, Inc.
|
0.91%
|
|
Kodiak Sciences, Inc.
|
0.89%
|
|
Olema Pharmaceuticals, Inc.
|
0.80%
|
|
Omeros Corp.
|
0.72%
|
|
Envela Corp.
|
0.71%
|
|
Alto Neuroscience, Inc.
|
0.70%
|
|
AXT, Inc.
|
0.68%
|
|
T1 Energy, Inc.
|
0.66%
|
|
Idaho Strategic Resources, Inc.
|
0.63%
|
Top Sector Weightings (% of Net Assets)
|
Value
|
Value
|
|
Cash and Other Sectors
|
2.63%
|
|
Real Estate
|
1.63%
|
|
Communication Services
|
3.01%
|
|
Materials
|
4.07%
|
|
Energy
|
4.64%
|
|
Industrials
|
11.56%
|
|
Information Technology
|
11.63%
|
|
Consumer Discretionary
|
11.89%
|
|
Financials
|
15.44%
|
|
Health Care
|
33.50%
|
Ultra-Small Company Market Fund
Semi - Annual Shareholder Report - December 31, 2025
BRSIX
Bridgeway Funds
PO Box 534435
Pittsburgh, PA 15253-4435
800-661-3550
The Fund is distributed by Foreside Fund Services, LLC, which is not affiliated with Bridgeway Capital Management, LLC™ or any other affiliate.
Where can I find additional information about the Fund?
Additional information is available on www.bridgewayfunds.com, including its:
-prospectus
-financial information
-holdings
-proxy voting information
Semi - Annual Shareholder Report - December 31, 2025
This semi-annual shareholder report contains important information about Bridgeway Small-Cap Value Fund for the period of July 1, 2025 to December 31, 2025.You can find additional information about the Fund at www.bridgewayfunds.com/resources/fund-documents. You can also request this information by contacting us at 800-661-3550.
Small-Cap Value Fund
BRSVX
What were the Fund costs for the last six months?
(based on a hypothetical $10,000 investment)
|
Fund
|
Costs of a $10K Investment
|
Costs paid as a % of a $10K InvestmentFootnote Referencea
|
|
Small-Cap Value Fund
|
$50
|
0.94%
|
| Footnote | Description |
|
Footnotea
|
Annualized. |
Key Fund Statistics
|
Total Net Assets
|
$320,103,777
|
|
# of Portfolio Holdings
|
159
|
|
Portfolio Turnover Rate
|
41%
|
What did the Fund invest in?
Asset Class Weightings (% of Net Assets)
|
Common Stocks
|
99.63%
|
|
Money Market Fund
|
0.55%
|
|
Liabilities in Excess of Other Assets
|
-0.18%
|
Top Ten Holdings (% of Net Assets)
|
Commercial Metals Co.
|
1.32%
|
|
Axos Financial, Inc.
|
1.23%
|
|
Garrett Motion, Inc.
|
1.20%
|
|
Hancock Whitney Corp.
|
1.19%
|
|
WSFS Financial Corp.
|
1.16%
|
|
Bread Financial Holdings, Inc.
|
1.09%
|
|
Magnolia Oil & Gas Corp., Class A
|
1.06%
|
|
SkyWest, Inc.
|
1.05%
|
|
Deluxe Corp.
|
1.04%
|
|
NetScout Systems, Inc.
|
1.02%
|
Top Sector Weightings (% of Net Assets)
|
Value
|
Value
|
|
Cash and Other Sectors
|
4.77%
|
|
Materials
|
2.80%
|
|
Utilities
|
4.80%
|
|
Real Estate
|
6.47%
|
|
Energy
|
7.17%
|
|
Health Care
|
8.98%
|
|
Information Technology
|
9.42%
|
|
Industrials
|
11.01%
|
|
Consumer Discretionary
|
13.93%
|
|
Financials
|
30.65%
|
Small-Cap Value Fund
Semi - Annual Shareholder Report - December 31, 2025
BRSVX
Bridgeway Funds
PO Box 534435
Pittsburgh, PA 15253-4435
800-661-3550
The Fund is distributed by Foreside Fund Services, LLC, which is not affiliated with Bridgeway Capital Management, LLC™ or any other affiliate.
Where can I find additional information about the Fund?
Additional information is available on www.bridgewayfunds.com, including its:
-prospectus
-financial information
-holdings
-proxy voting information
Semi - Annual Shareholder Report - December 31, 2025
This semi-annual shareholder report contains important information about Bridgeway Omni Small-Cap Value Fund for the period of July 1, 2025 to December 31, 2025.You can find additional information about the Fund at www.bridgewayfunds.com/resources/fund-documents. You can also request this information by contacting us at 800-661-3550.
Omni Small-Cap Value Fund
BOSVX
What were the Fund costs for the last six months?
(based on a hypothetical $10,000 investment)
|
Fund
|
Costs of a $10K Investment
|
Costs paid as a % of a $10K InvestmentFootnote Referencea
|
|
Omni Small-Cap Value Fund
|
$26
|
0.47%
|
| Footnote | Description |
|
Footnotea
|
Annualized. |
Key Fund Statistics
|
Total Net Assets
|
$1,147,132,612
|
|
# of Portfolio Holdings
|
593
|
|
Portfolio Turnover Rate
|
17%
|
What did the Fund invest in?
Asset Class Weightings (% of Net Assets)
|
Common Stocks
|
99.73%
|
|
Preferred Stock
|
0.00%
|
|
Rights
|
0.00%
|
|
Money Market Fund
|
0.20%
|
|
Investments Purchased With Cash Proceeds From Securities Lending
|
0.38%
|
|
Liabilities in Excess of Other Assets
|
-0.31%
|
Top Ten Holdings (% of Net Assets)
|
Victoria's Secret & Co.
|
1.10%
|
|
Sphere Entertainment Co.
|
1.00%
|
|
Peabody Energy Corp.
|
0.94%
|
|
Viasat, Inc.
|
0.93%
|
|
Enova International, Inc.
|
0.92%
|
|
Dana, Inc.
|
0.91%
|
|
Tutor Perini Corp.
|
0.87%
|
|
Signet Jewelers, Ltd.
|
0.77%
|
|
SiriusPoint, Ltd.
|
0.76%
|
|
Phinia, Inc.
|
0.76%
|
Top Sector Weightings (% of Net Assets)
|
Value
|
Value
|
|
Cash and Other Sectors
|
0.83%
|
|
Information Technology
|
3.57%
|
|
Communication Services
|
3.99%
|
|
Health Care
|
4.38%
|
|
Consumer Staples
|
4.51%
|
|
Materials
|
5.39%
|
|
Industrials
|
13.28%
|
|
Energy
|
14.00%
|
|
Consumer Discretionary
|
15.01%
|
|
Financials
|
35.04%
|
Omni Small-Cap Value Fund
Semi - Annual Shareholder Report - December 31, 2025
BOSVX
Bridgeway Funds
PO Box 534435
Pittsburgh, PA 15253-4435
800-661-3550
The Fund is distributed by Foreside Fund Services, LLC, which is not affiliated with Bridgeway Capital Management, LLC™ or any other affiliate.
Where can I find additional information about the Fund?
Additional information is available on www.bridgewayfunds.com, including its:
-prospectus
-financial information
-holdings
-proxy voting information
Semi - Annual Shareholder Report - December 31, 2025
This semi-annual shareholder report contains important information about Bridgeway Global Opportunities Fund for the period of July 1, 2025 to December 31, 2025.You can find additional information about the Fund at www.bridgewayfunds.com/resources/fund-documents. You can also request this information by contacting us at 800-661-3550.
Global Opportunities Fund
BRGOX
What were the Fund costs for the last six months?
(based on a hypothetical $10,000 investment)
|
Fund
|
Costs of a $10K Investment
|
Costs paid as a % of a $10K InvestmentFootnote Referencea
|
|
Global Opportunities Fund
|
$80
|
1.50%
|
| Footnote | Description |
|
Footnotea
|
Annualized. |
Key Fund Statistics
|
Total Net Assets
|
$36,748,107
|
|
# of Portfolio Holdings - Long
|
278
|
|
# of Portfolio Holdings - Short
|
327
|
|
Portfolio Turnover Rate
|
-%Footnote Reference*
|
| Footnote | Description |
|
Footnote*
|
There were no long-term transactions for the period ended December 31, 2025. |
What did the Fund invest in?
Top Sector Weightings (Notional exposure % of Net Assets)
|
Long
|
Short
|
|
|
Real Estate
|
2.37%
|
4.12%
|
|
Communication Services
|
3.93%
|
5.86%
|
|
Utilities
|
4.16%
|
2.98%
|
|
Energy
|
5.28%
|
2.77%
|
|
Health Care
|
6.51%
|
4.46%
|
|
Consumer Staples
|
6.69%
|
7.87%
|
|
Consumer Discretionary
|
10.31%
|
11.53%
|
|
Information Technology
|
13.11%
|
12.71%
|
|
Materials
|
13.65%
|
10.46%
|
|
Financials
|
16.73%
|
15.00%
|
|
Industrials
|
17.80%
|
17.02%
|
Top Country Weightings (Notional exposure % of Net Assets)
|
Long
|
Short
|
|
|
Other Countries
|
40.91%
|
37.42%
|
|
Brazil
|
5.04%
|
4.09%
|
|
Australia
|
5.14%
|
6.57%
|
|
United Kingdom
|
5.69%
|
4.52%
|
|
Taiwan
|
5.79%
|
5.79%
|
|
Japan
|
6.29%
|
7.02%
|
|
Canada
|
6.46%
|
7.01%
|
|
South Korea - Republic of Korea
|
6.89%
|
5.66%
|
|
United States
|
8.03%
|
8.02%
|
|
China
|
10.29%
|
8.66%
|
Global Opportunities Fund
Semi - Annual Shareholder Report - December 31, 2025
BRGOX
Bridgeway Funds
PO Box 534435
Pittsburgh, PA 15253-4435
800-661-3550
The Fund is distributed by Foreside Fund Services, LLC, which is not affiliated with Bridgeway Capital Management, LLC™ or any other affiliate.
Where can I find additional information about the Fund?
Additional information is available on www.bridgewayfunds.com, including its:
-prospectus
-financial information
-holdings
-proxy voting information
Item 19. Exhibits.
|
(a)(3) |
Certifications pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto. |
|
(b) |
Certifications pursuant to Rule 30a-2(b) under the 1940 Act and Section 906 of the Sarbanes-Oxley Act of 2002 are attached hereto. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|
(Registrant) Bridgeway Funds, Inc. |
||
|
By (Signature and Title)* |
/s/ Elena Khoziaeva |
|
|
Elena Khoziaeva, President and Principal Executive Officer |
||
|
(principal executive officer) |
||
|
Date: March 25, 2026 |
||
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
|
By (Signature and Title)* |
/s/ Elena Khoziaeva |
|
|
Elena Khoziaeva, President and Principal Executive Officer |
||
|
(principal executive officer) |
||
|
Date: March 25, 2026 |
||
|
By (Signature and Title)* |
/s/ Deborah L. Hanna |
|
|
Deborah L. Hanna, Treasurer and Principal Financial Officer |
||
|
(principal financial officer) |
||
|
Date: March 25, 2026 |
||
* Print the name and title of each signing officer under his or her signature.
Bridgeway Funds Inc. published this content on March 25, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on March 25, 2026 at 21:29 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]