497 1 d194751d497.htm BRIDGEWAY FUNDS, INC. Bridgeway Funds, Inc.

Bridgeway Funds, Inc.

Aggressive Investors 1 Fund (BRAGX)

Ultra-Small Company Fund (BRUSX)

Ultra-Small Company Market Fund (BRSIX)

Small-Cap Momentum Fund (BRSMX)

Small-Cap Growth Fund (BRSGX)

Small-Cap Value Fund (BRSVX)

Blue Chip 35 Index Fund (BRLIX)

Managed Volatility Fund (BRBPX)

Supplement dated May 27, 2016 to the Statement of Additional Information dated October 31, 2015

Capitalized terms and certain other terms used in the supplement, unless otherwise defined in this supplement,

have the meanings assigned to them in the Statement of Additional Information (“SAI”).

1.          Effective May 31, 2016, Tammira Philippe was appointed as President of Bridgeway Funds, Inc. (“Bridgeway Funds” or the “Corporation”) and John N.R. Montgomery was appointed as Vice President of Bridgeway Funds.

2.          Effective May 31, 2016, any references to John Montgomery as an officer of Bridgeway Funds should refer to him as Vice President of Bridgeway Funds.

3.          Effective May 31, 2016, the “Directors and Officers” information in the “Management of Bridgeway Funds” section, which begins on page 13 of the SAI, is hereby deleted in its entirety and replaced with the following:

MANAGEMENT OF BRIDGEWAY FUNDS

Directors and Officers

These are the Directors and Officers of the Bridgeway Funds, their business address, and principal occupations during the past five years.

Independent Directors

 

Name, Address 1

and Age

  

Position(s)

Held with

Bridgeway

Funds

   

Term of

Office and

Length of

Time

Served

   

Principal Occupation(s)

During Past

Five Years

  

# of Bridgeway

Funds

Overseen by

Director

  

    Other Directorships Held by    

Director

Kirbyjon Caldwell

Age 62

   Director   

Term: 1 Year

Length: 2001 to

Present.

    Senior Pastor of Windsor Village United Methodist Church, since 1982.   Ten   American Church Mortgage Company, NRG Energy Inc., Amegy Bancshares Advisory Board.

Karen S. Gerstner

Age 60

   Director   

Term: 1 Year

Length:

1994 to Present.

    Principal, Karen S. Gerstner & Associates, P.C., since 2004.   Ten   None

Miles Douglas Harper, III*

Age 53

   Director   

Term: 1 Year

Length:

1994 to Present.

    Partner, Carr, Riggs & Ingram, LLC, since 2013; Partner, Gainer Donnelly, LLP, 1998 to 2013 upon merger with Carr, Riggs & Ingram, LLC.   Ten   Calvert Social Investment Fund (8 Portfolios), Calvert Social Index Series, Inc. (1 Portfolio), Calvert Impact Fund (4 Portfolios), Calvert World Values Fund (3 Portfolios).

Evan Harrel

Age 54

   Director   

Term: 1 Year

Length:

2006 to Present.

    Strategic Advisor, Small Steps Nurturing Center, since 6/2012; Executive Director, Small Steps Nurturing Center, 2004 through 5/2012.   Ten   None

 

* Independent Chairman

 

1

“Interested” Director

 

Name, Address 1

and Age

   

Position(s)

Held with

Bridgeway

Funds

   

Term of

Office and

Length of

Time

Served

   

Principal Occupation(s)

During Past

Five Years

  

# of Bridgeway

Funds

Overseen by

Director

  

  Other Directorships Held by  

Director

John N. R. Montgomery 2

Age 60

   

Vice President

and Director

   

Term: 1 year

Length: 1993 to

present.

    Chairman, Bridgeway Capital Management, Inc., 2010 – present; President, Bridgeway Capital Management, Inc., 1993 – 2010 and 6/2015 – 3/2016; President, Bridgeway Funds, 6/2015 – 6/2016; Vice President, Bridgeway Funds, 2005 – 5/2015 and 6/2016 – present.   Ten   None
Officers             

Richard P. Cancelmo Jr.

Age 57

    Vice President   

Term: 1 year

Length: 2004 to present.

    Vice President, Bridgeway Funds, 11/2004 – present; Staff member, Bridgeway Capital Management, Inc., since 2000.     None

Linda G. Giuffré

Age 54

    Treasurer and Chief Compliance Officer   

Term: 1 year

Length: 2004 to present.

    Chief Compliance Officer, Bridgeway Capital Management, Inc., 12/2004 to present; Staff member, Bridgeway Capital Management, Inc., 5/2004 to present.     None

Deborah L. Hanna

Age 50

    Secretary   

Term: 1 year

Length: 2007 to present.

    Self employed, accounting and related projects for various organizations, 2001 – present.     None

Sharon Lester

Age 60

    Vice President   

Term: 1 year

Length: 2011 to present.

    Staff member, Bridgeway Capital Management, Inc., 12/2010 to present; Prior to 12/2010, Director of Portfolio Operations, Invesco.     None

Tammira Philippe

Age 42

    President   

Term: 1 year

Length: May 2016 to present.

    Staff member, Bridgeway Capital Management, Inc., 12/2010 to 3/2016; President, Bridgeway Capital Management, Inc., 3/2016 – present.     None

 

1 The address of all of the Directors and Officers of Bridgeway Funds is 20 Greenway Plaza, Suite 450, Houston, Texas 77046.
2 John Montgomery is chairman, director and majority shareholder of Bridgeway Capital Management, Inc., and therefore an interested person of the Funds.

 

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

 

2

Bridgeway Funds, Inc.

Omni Small-Cap Value Fund (BOSVX)

Omni Tax-Managed Small-Cap Value Fund (BOTSX)

Supplement dated May 27, 2016 to the Statement of Additional Information dated October 31, 2015

Capitalized terms and certain other terms used in the supplement, unless otherwise defined in this supplement,

have the meanings assigned to them in the Statement of Additional Information (“SAI”).

1.          Effective May 31, 2016, Tammira Philippe was appointed as President of Bridgeway Funds, Inc. (“Bridgeway Funds” or the “Corporation”) and John N.R. Montgomery was appointed as Vice President of Bridgeway Funds.

2.          Effective May 31, 2016, any references to John Montgomery as an officer of Bridgeway Funds should refer to him as Vice President of Bridgeway Funds.

3.          Effective May 31, 2016, the “Directors and Officers” information in the “Management of Bridgeway Funds” section, which begins on page 8 of the SAI, is hereby deleted in its entirety and replaced with the following:

MANAGEMENT OF BRIDGEWAY FUNDS

Directors and Officers

These are the Directors and Officers of the Bridgeway Funds, their business address, and principal occupations during the past five years.

Independent Directors

 

Name, Address 1

and Age

  

Position(s)

Held with

Bridgeway

Funds

   

Term of

Office and

Length of

Time

Served

   

Principal Occupation(s)

During Past

Five Years

  

# of Bridgeway

Funds

Overseen by

Director

  

Other Directorships Held by

Director

Kirbyjon Caldwell

Age 62

   Director   

Term: 1 Year

Length: 2001 to

Present.

    Senior Pastor of Windsor Village United Methodist Church, since 1982.   Ten   American Church Mortgage Company, NRG Energy Inc., Amegy Bancshares Advisory Board.

Karen S. Gerstner

Age 60

   Director   

Term: 1 Year

Length:

1994 to Present.

    Principal, Karen S. Gerstner & Associates, P.C., since 2004.   Ten   None

Miles Douglas Harper, III*

Age 53

   Director   

Term: 1 Year

Length:

1994 to Present.

    Partner, Carr, Riggs & Ingram, LLC, since 2013; Partner, Gainer Donnelly, LLP, 1998 to 2013 upon merger with Carr, Riggs & Ingram, LLC.   Ten   Calvert Social Investment Fund (8 Portfolios), Calvert Social Index Series, Inc. (1 Portfolio), Calvert Impact Fund (4 Portfolios), Calvert World Values Fund (3 Portfolios).

Evan Harrel

Age 54

   Director   

Term: 1 Year

Length:

2006 to Present.

    Strategic Advisor, Small Steps Nurturing Center, since 6/2012; Executive Director, Small Steps Nurturing Center, 2004 through 5/2012.   Ten   None

 

*  Independent Chairman

 

1

“Interested” Director

 

Name, Address 1

and Age

   

Position(s)

Held with

Bridgeway

Funds

   

Term of

Office and

Length of

Time

Served

   

Principal Occupation(s)

During Past

Five Years

  

# of Bridgeway

Funds

Overseen by

Director

  

  Other Directorships Held by  

Director

John N. R. Montgomery 2

Age 60

   

Vice President

and Director

   

Term: 1 year

Length: 1993 to

present.

    Chairman, Bridgeway Capital Management, Inc., 2010 – present; President, Bridgeway Capital Management, Inc., 1993 – 2010 and 6/2015 – 3/2016; President, Bridgeway Funds, 6/2015 – 6/2016; Vice President, Bridgeway Funds, 2005 – 5/2015 and 6/2016 – present.   Ten   None
Officers             

Richard P. Cancelmo Jr.

Age 57

    Vice President   

Term: 1 year

Length: 2004 to present.

    Vice President, Bridgeway Funds, 11/2004 – present; Staff member, Bridgeway Capital Management, Inc., since 2000.     None

Linda G. Giuffré

Age 54

    Treasurer and Chief Compliance Officer   

Term: 1 year

Length: 2004 to present.

    Chief Compliance Officer, Bridgeway Capital Management, Inc., 12/2004 to present; Staff member, Bridgeway Capital Management, Inc., 5/2004 to present.     None

Deborah L. Hanna

Age 50

    Secretary   

Term: 1 year

Length: 2007 to present.

    Self employed, accounting and related projects for various organizations, 2001 – present.     None

Sharon Lester

Age 60

    Vice President   

Term: 1 year

Length: 2011 to present.

    Staff member, Bridgeway Capital Management, Inc., 12/2010 to present; Prior to 12/2010, Director of Portfolio Operations, Invesco.     None

Tammira Philippe

Age 42

    President   

Term: 1 year

Length: May 2016 to present.

    Staff member, Bridgeway Capital Management, Inc., 12/2010 to 3/2016; President, Bridgeway Capital Management, Inc., 3/2016 – present.     None

 

1 The address of all of the Directors and Officers of Bridgeway Funds is 20 Greenway Plaza, Suite 450, Houston, Texas 77046.
2 John Montgomery is chairman, director and majority shareholder of Bridgeway Capital Management, Inc., and therefore an interested person of the Funds.

 

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

 

2