NPORT-EX 2 3B13__primary-document.htm
Omni
Tax-Managed
Small-Cap
Value
Fund
SCHEDULE
OF
INVESTMENTS
(Unaudited)
1
Showing
percentage
of
net
assets
as
of
September
30,
2020
bridgewayfunds.com
Industry
Company
Shares
Value
.
Common
Stocks
-
99.42%
Communication
Services
-
2.48%
A.H.
Belo
Corp.,
Class A
51,457
$
72,554
Alaska
Communications
Systems
Group,
Inc.
189,187
378,374
AMC
Entertainment
Holdings,
Inc.,
Class A
+
112,763
531,114
ATN
International,
Inc.
17,000
852,380
Beasley
Broadcast
Group,
Inc.,
Class A
65,000
80,600
Cars.com,
Inc.
*+
55,000
444,400
Consolidated
Communications
Holdings,
Inc.
*+
140,000
796,600
Cumulus
Media,
Inc.,
Class A
*+
28,100
150,897
DHI
Group,
Inc.
*
117,000
264,420
Emerald
Holding,
Inc.
79,300
161,772
Emmis
Communications
Corp.,
Class A
*
57,200
86,944
Entercom
Communications
Corp.,
Class A
193,680
311,825
Entravision
Communications
Corp.,
Class A
162,300
246,696
EW
Scripps
Co.
(The),
Class A
97,100
1,110,824
Fluent,
Inc.
*
94,200
233,616
Gannett
Co.,
Inc.
160,163
208,212
Gray
Television,
Inc.
*+
188,000
2,588,760
Liberty
TripAdvisor
Holdings,
Inc.,
Class A
*
115,000
198,950
Marcus
Corp.
(The)
47,054
363,727
Meredith
Corp.
+
67,000
879,040
Saga
Communications,
Inc.,
Class A
13,100
260,428
Salem
Media
Group,
Inc.
+
4,352
3,985
Scholastic
Corp.
43,450
912,016
Townsquare
Media,
Inc.,
Class A
40,700
189,662
Urban
One,
Inc.
*
105,000
122,850
11,450,646
Consumer
Discretionary
-
15.77%
Abercrombie
&
Fitch
Co.,
Class A
+
120,600
1,679,958
Adient
PLC
*
175,000
3,032,750
Adtalem
Global
Education,
Inc.
*
59,800
1,467,492
AMCON
Distributing
Co.
1,350
87,197
American
Axle
&
Manufacturing
Holdings,
Inc.
*
134,150
774,045
American
Outdoor
Brands,
Inc.
*
16,000
208,480
Industry
Company
Shares
Value
Consumer
Discretionary
(continued)
American
Public
Education,
Inc.
*
22,700
$
639,913
Ark
Restaurants
Corp.
8,500
92,310
Asbury
Automotive
Group,
Inc.
*
31,000
3,020,950
Barnes
&
Noble
Education,
Inc.
*
74,900
193,242
Bassett
Furniture
Industries,
Inc.
15,859
216,951
BBX
Capital
Corp.
38,604
516,908
Beazer
Homes
USA,
Inc.
*
56,500
745,800
Bed
Bath
&
Beyond,
Inc.
+
197,500
2,958,550
Big
5
Sporting
Goods
Corp.
+
30,000
224,400
Big
Lots,
Inc.
+
60,300
2,689,380
Biglari
Holdings,
Inc.,
Class B
*
6,700
596,367
BJ's
Restaurants,
Inc.
28,000
824,320
Bluegreen
Vacations
Corp.
+
69,800
342,020
Build-A-Bear
Workshop,
Inc.
*+
20,000
50,000
Caleres,
Inc.
63,900
610,884
Canterbury
Park
Holding
Corp.
511
6,224
Carrols
Restaurant
Group,
Inc.
*
83,000
535,350
Cato
Corp.
(The),
Class A
38,000
297,160
Century
Casinos,
Inc.
*
72,700
398,396
Century
Communities,
Inc.
*
50,000
2,116,500
Chico's
FAS,
Inc.
195,200
189,832
China
Automotive
Systems,
Inc.
*
45,550
134,828
China
XD
Plastics
Co.,
Ltd.
*
108,400
123,576
Chuy's
Holdings,
Inc.
*
25,000
489,500
Citi
Trends,
Inc.
31,020
774,880
Conn's,
Inc.
*
42,600
450,708
Container
Store
Group,
Inc.
(The)
*
68,550
425,695
Cooper
Tire
&
Rubber
Co.
75,050
2,379,085
Crown
Crafts,
Inc.
30,050
169,783
Culp,
Inc.
10,000
124,200
Del
Taco
Restaurants,
Inc.
*
60,600
496,920
Delta
Apparel,
Inc.
*
23,700
337,725
Dillard's,
Inc.,
Class A
+
33,900
1,238,028
Dixie
Group,
Inc.
(The)
*
23,400
21,037
Escalade,
Inc.
10,000
182,900
Ethan
Allen
Interiors,
Inc.
58,600
793,444
Express,
Inc.
*+
160,000
97,600
Fiesta
Restaurant
Group,
Inc.
*
45,500
426,335
Flanigan's
Enterprises,
Inc.
*
2,500
44,600
Flexsteel
Industries,
Inc.
8,500
204,000
Omni
Tax-Managed
Small-Cap
Value
Fund
SCHEDULE
OF
INVESTMENTS
(Unaudited)
(continued)
2
Showing
percentage
of
net
assets
as
of
September
30,
2020
Quarterly
Report
|
September
30,
2020
(Unaudited)
Industry
Company
Shares
Value
Common
Stocks
(continued)
Consumer
Discretionary
(continued)
Full
House
Resorts,
Inc.
*
70,000
$
135,800
GameStop
Corp.,
Class A
*
25,000
255,000
Genesco,
Inc.
*
26,500
570,810
G-III
Apparel
Group,
Ltd.
*
72,600
951,786
Golden
Entertainment,
Inc.
*
47,000
650,010
Good
Times
Restaurants,
Inc.
*
4,300
6,192
Group
1
Automotive,
Inc.
+
28,250
2,497,018
Guess?,
Inc.
+
103,000
1,196,860
Haverty
Furniture
Cos.,
Inc.
34,659
725,759
Hibbett
Sports,
Inc.
*+
41,500
1,627,630
Hooker
Furniture
Corp.
15,900
410,697
Houghton
Mifflin
Harcourt
Co.
*
123,000
212,790
Hudson,
Ltd.,
Class A
*
179,800
1,366,480
J
Alexander's
Holdings,
Inc.
*
15,250
79,300
K12,
Inc.
*
55,850
1,471,089
Lands'
End,
Inc.
*
34,900
454,747
Lazydays
Holdings,
Inc.
*
21,608
273,989
Lifetime
Brands,
Inc.
37,449
353,893
Live
Ventures,
Inc.
*
3,200
27,456
M/I
Homes,
Inc.
*
45,500
2,095,275
MarineMax,
Inc.
*
39,400
1,011,398
Meritage
Homes
Corp.
*
4,700
518,833
Modine
Manufacturing
Co.
*
81,900
511,875
Motorcar
Parts
of
America,
Inc.
*
20,000
311,200
Movado
Group,
Inc.
24,100
239,554
New
Home
Co.,
Inc.
(The)
*
20,000
108,800
ODP
Corp.
(The)
85,390
1,660,836
P&F
Industries,
Inc.,
Class A
492
2,130
Playa
Hotels
&
Resorts
NV
*
215,300
902,107
Red
Robin
Gourmet
Burgers,
Inc.
*+
20,000
263,200
Rocky
Brands,
Inc.
18,850
468,045
Select
Interior
Concepts,
Inc.,
Class A
*
40,000
276,000
Shoe
Carnival,
Inc.
+
30,600
1,027,548
Signet
Jewelers,
Ltd.
+
92,700
1,733,490
Smith
&
Wesson
Brands,
Inc.
+
64,000
993,280
Sonic
Automotive,
Inc.,
Class A
+
71,000
2,851,360
Sportsman's
Warehouse
Holdings,
Inc.
*
44,400
635,364
Strattec
Security
Corp.
17,300
344,270
Superior
Group
of
Cos.,
Inc.
38,500
894,355
Tandy
Leather
Factory,
Inc.
*
14,700
46,893
Tenneco,
Inc.,
Class A
*+
138,700
962,578
Tilly's,
Inc.,
Class A
36,900
222,507
Industry
Company
Shares
Value
Consumer
Discretionary
(continued)
TravelCenters
of
America,
Inc.
*
30,730
$
600,464
TRI
Pointe
Group,
Inc.
*+
160,000
2,902,400
Unifi,
Inc.
*
45,000
577,800
Unique
Fabricating,
Inc.
*
29,500
99,415
Vince
Holding
Corp.
*+
15,000
81,150
Vista
Outdoor,
Inc.
*
106,000
2,139,080
VOXX
International
Corp.
*
52,164
401,141
ZAGG,
Inc.
*+
30,000
84,000
Zumiez,
Inc.
*
37,800
1,051,596
72,715,473
Consumer
Staples
-
4.63%
Alico,
Inc.
13,100
374,922
Andersons,
Inc.
(The)
75,116
1,439,974
B&G
Foods,
Inc.
+
74,600
2,071,642
Central
Garden
&
Pet
Co.
*
7,000
279,510
Central
Garden
&
Pet
Co.,
Class A
*
61,200
2,211,768
Coffee
Holding
Co.,
Inc.
*
10,000
34,800
Fresh
Del
Monte
Produce,
Inc.
+
83,000
1,902,360
Ingles
Markets,
Inc.,
Class A
35,750
1,359,930
Landec
Corp.
*
15,000
145,800
Lifeway
Foods,
Inc.
*
2,000
10,060
Natural
Alternatives
International,
Inc.
*
16,800
126,840
Natural
Grocers
by
Vitamin
Cottage,
Inc.
25,000
246,500
Nature's
Sunshine
Products,
Inc.
*
11,000
127,270
Primo
Water
Corp.
+
205,000
2,911,000
Rite
Aid
Corp.
*+
147,500
1,399,775
S&W
Seed
Co.
*
10,000
24,800
Seneca
Foods
Corp.,
Class A
*
19,150
684,229
SpartanNash
Co.
63,982
1,046,106
United
Natural
Foods,
Inc.
*+
117,000
1,739,790
Village
Super
Market,
Inc.,
Class A
39,400
969,634
Weis
Markets,
Inc.
46,100
2,212,800
21,319,510
Energy
-
9.96%
Adams
Resources
&
Energy,
Inc.
10,600
210,940
Amplify
Energy
Corp.
+
141,000
120,231
Antero
Resources
Corp.
*
430,000
1,182,500
Arch
Resources,
Inc.
24,300
1,032,264
Archrock,
Inc.
206,700
1,112,046
Omni
Tax-Managed
Small-Cap
Value
Fund
SCHEDULE
OF
INVESTMENTS
(Unaudited)
(continued)
3
Showing
percentage
of
net
assets
as
of
September
30,
2020
bridgewayfunds.com
Industry
Company
Shares
Value
Common
Stocks
(continued)
Energy
(continued)
Ardmore
Shipping
Corp.
78,700
$
280,172
Berry
Corp.
115,571
366,360
Bonanza
Creek
Energy,
Inc.
*
39,300
738,840
Bristow
Group,
Inc.
*
14,200
301,750
Callon
Petroleum
Co.
*+
22,005
106,064
Comstock
Resources,
Inc.
*
418,200
1,831,716
CONSOL
Energy,
Inc.
*
40,500
179,415
Contango
Oil
&
Gas
Co.
*+
70,000
93,800
Dawson
Geophysical
Co.
*
46,000
80,960
DHT
Holdings,
Inc.
317,300
1,637,268
Diamond
S
Shipping,
Inc.
*+
70,000
480,900
Dorian
LPG,
Ltd.
*
149,029
1,193,722
Earthstone
Energy,
Inc.,
Class A
*
147,055
380,872
Epsilon
Energy,
Ltd.
*
60,000
181,800
Exterran
Corp.
*
34,000
141,440
Frontline,
Ltd.
+
420,000
2,730,000
GasLog,
Ltd.
101,437
274,894
Goodrich
Petroleum
Corp.
*
22,000
169,180
Gran
Tierra
Energy,
Inc.
*
324,500
75,381
Green
Plains,
Inc.
*+
71,450
1,106,046
Hallador
Energy
Co.
42,600
27,771
Helix
Energy
Solutions
Group,
Inc.
*
240,500
579,605
International
Seaways,
Inc.
55,000
803,550
Kosmos
Energy,
Ltd.
460,151
448,923
Lonestar
Resources
US,
Inc.,
Class A
*
67,450
15,547
Matador
Resources
Co.
*
181,377
1,498,174
Matrix
Service
Co.
*
52,800
440,880
Montage
Resources
Corp.
*+
75,053
329,483
Murphy
Oil
Corp.
230,000
2,051,600
Nabors
Industries,
Ltd.
4,000
97,760
NACCO
Industries,
Inc.,
Class A
16,450
299,555
National
Energy
Services
Reunited
Corp.
*+
185,200
1,181,576
Natural
Gas
Services
Group,
Inc.
*+
30,152
254,784
Navigator
Holdings,
Ltd.
*
104,100
870,276
Navios
Maritime
Acquisition
Corp.
42,500
179,775
Newpark
Resources,
Inc.
*
150,200
157,710
NexTier
Oilfield
Solutions,
Inc.
*
239,574
443,212
Nine
Energy
Service,
Inc.
*
37,700
42,601
Nordic
American
Tankers,
Ltd.
+
168,800
589,112
Northern
Oil
and
Gas,
Inc.
*+
52,629
302,091
Industry
Company
Shares
Value
Energy
(continued)
Oceaneering
International,
Inc.
*
130,600
$
459,712
Oil
States
International,
Inc.
*
98,400
268,632
Overseas
Shipholding
Group,
Inc.,
Class A
*
215,916
462,060
Par
Pacific
Holdings,
Inc.
*
92,000
622,840
Patterson-UTI
Energy,
Inc.
+
265,000
755,250
PBF
Energy,
Inc.,
Class A
+
167,000
950,230
Penn
Virginia
Corp.
*+
26,000
256,100
PrimeEnergy
Resources
Corp.
*
2,000
132,400
Profire
Energy,
Inc.
*
100,000
73,980
ProPetro
Holding
Corp.
*
139,810
567,629
QEP
Resources,
Inc.
324,000
292,507
Ranger
Energy
Services,
Inc.
*
23,500
61,335
Renewable
Energy
Group,
Inc.
*
69,219
3,697,679
REX
American
Resources
Corp.
*
7,850
515,039
Scorpio
Tankers,
Inc.
+
98,690
1,092,498
SEACOR
Holdings,
Inc.
*
36,200
1,052,696
Select
Energy
Services,
Inc.,
Class A
*
149,000
572,160
SFL
Corp.,
Ltd.
+
173,500
1,299,515
Smart
Sand,
Inc.
*+
75,000
98,250
Solaris
Oilfield
Infrastructure,
Inc.,
Class A
60,300
382,302
Southwestern
Energy
Co.
*
985,000
2,314,750
Talos
Energy,
Inc.
*+
72,100
465,045
Teekay
Corp.
*+
170,000
379,100
Teekay
Tankers,
Ltd.,
Class A
*+
59,500
644,980
TETRA
Technologies,
Inc.
*
425,000
217,090
US
Silica
Holdings,
Inc.
+
129,500
388,500
VAALCO
Energy,
Inc.
*
134,900
134,900
World
Fuel
Services
Corp.
53,256
1,128,495
45,908,220
Financials
-
30.40%
1347
Property
Insurance
Holdings,
Inc.
*
17,500
67,375
1st
Constitution
Bancorp
12,250
145,775
1st
Source
Corp.
30,500
940,620
ACNB
Corp.
6,600
137,280
Allegiance
Bancshares,
Inc.
31,131
727,531
Amalgamated
Bank,
Class A
34,800
368,184
A-Mark
Precious
Metals,
Inc.
11,500
387,780
Amerant
Bancorp,
Inc.
*
85,000
791,350
Omni
Tax-Managed
Small-Cap
Value
Fund
SCHEDULE
OF
INVESTMENTS
(Unaudited)
(continued)
4
Showing
percentage
of
net
assets
as
of
September
30,
2020
Quarterly
Report
|
September
30,
2020
(Unaudited)
Industry
Company
Shares
Value
Common
Stocks
(continued)
Financials
(continued)
American
National
Bankshares,
Inc.
13,500
$
282,420
American
River
Bankshares
16,244
161,790
AmeriServ
Financial,
Inc.
66,000
185,460
Argo
Group
International
Holdings,
Ltd.
39,094
1,346,006
Arlington
Asset
Investment
Corp.,
Class A
72,600
206,184
Associated
Capital
Group,
Inc.,
Class A
25,000
903,250
Atlantic
Capital
Bancshares,
Inc.
*
36,133
410,110
Axos
Financial,
Inc.
*
94,000
2,191,140
Banc
of
California,
Inc.
103,500
1,047,420
Banco
Latinoamericano
de
Comercio
Exterior
SA,
Class E
59,688
725,209
Bancorp
34,
Inc.
9,300
89,838
Bank
of
Commerce
Holdings
54,800
381,956
Bank
of
NT
Butterfield
&
Son,
Ltd.
(The)
75,000
1,671,000
Bank
of
Princeton
(The)
12,500
227,125
Bank7
Corp.
23,100
217,140
BankFinancial
Corp.
29,000
209,380
Bar
Harbor
Bankshares
30,541
627,618
BCB
Bancorp,
Inc.
25,900
207,200
Berkshire
Hills
Bancorp,
Inc.
68,810
695,669
Blue
Capital
Reinsurance
Holdings,
Ltd.
+
12,700
4,127
Boston
Private
Financial
Holdings,
Inc.
105,800
584,016
Bridge
Bancorp,
Inc.
30,000
522,900
Brookline
Bancorp,
Inc.
105,000
907,725
Bryn
Mawr
Bank
Corp.
30,000
746,100
Business
First
Bancshares,
Inc.
30,000
450,000
Byline
Bancorp,
Inc.
61,000
688,080
C&F
Financial
Corp.
7,400
219,780
Cadence
BanCorp
+
183,000
1,571,970
Calamos
Asset
Management,
Escrow
*
∆
69,700
—
Cambridge
Bancorp
580
30,833
Capital
City
Bank
Group,
Inc.
24,250
455,658
Carter
Bank
&
Trust
55,000
365,750
CB
Financial
Services,
Inc.
13,500
257,580
CBTX,
Inc.
1,100
17,974
Central
Pacific
Financial
Corp.
30,000
407,100
Central
Valley
Community
Bancorp
26,900
332,215
Century
Bancorp,
Inc.,
Class A
2,000
131,480
Chemung
Financial
Corp.
11,593
334,690
Industry
Company
Shares
Value
Financials
(continued)
Citizens
Community
Bancorp,
Inc.
27,000
$
186,030
Citizens
Holding
Co.
+
3,400
76,228
Citizens,
Inc.
*+
64,500
357,330
Civista
Bancshares,
Inc.
19,821
248,159
CNB
Financial
Corp.
14,500
215,615
Codorus
Valley
Bancorp,
Inc.
22,971
300,920
Colony
Bankcorp,
Inc.
1,500
16,125
Community
Bankers
Trust
Corp.
25,000
127,000
Community
Financial
Corp.
(The)
5,840
124,684
Community
Trust
Bancorp,
Inc.
26,400
746,064
Community
West
Bancshares
11,000
88,330
ConnectOne
Bancorp,
Inc.
35,000
492,450
Consumer
Portfolio
Services,
Inc.
*
57,000
188,100
Cortland
Bancorp
+
10,000
146,500
County
Bancorp,
Inc.
15,700
295,160
Cowen,
Inc.,
Class A
38,800
631,276
Curo
Group
Holdings
Corp.
25,000
176,250
Customers
Bancorp,
Inc.
*
49,000
548,800
Dime
Community
Bancshares,
Inc.
40,000
452,400
Donegal
Group,
Inc.,
Class A
60,100
845,607
Donnelley
Financial
Solutions,
Inc.
*
48,900
653,304
Eagle
Bancorp
Montana,
Inc.
11,900
209,678
Eagle
Bancorp,
Inc.
37,500
1,004,625
Elevate
Credit,
Inc.
*
90,000
231,300
Emclaire
Financial
Corp.
+
700
17,500
Employers
Holdings,
Inc.
60,300
1,824,075
Encore
Capital
Group,
Inc.
*+
60,100
2,319,259
Enova
International,
Inc.
*
69,900
1,145,661
Enterprise
Bancorp,
Inc.
14,275
300,061
Enterprise
Financial
Services
Corp.
40,500
1,104,435
Equity
Bancshares,
Inc.,
Class A
*
47,800
740,900
Esquire
Financial
Holdings,
Inc.
*
11,500
172,500
ESSA
Bancorp,
Inc.
22,300
274,959
Evans
Bancorp,
Inc.
9,000
200,250
EZCORP,
Inc.,
Class A
*+
112,200
564,366
Farmers
National
Banc
Corp.
20,000
218,400
Fauquier
Bankshares,
Inc.
2,500
37,675
FBL
Financial
Group,
Inc.,
Class A
44,766
2,157,721
Omni
Tax-Managed
Small-Cap
Value
Fund
SCHEDULE
OF
INVESTMENTS
(Unaudited)
(continued)
5
Showing
percentage
of
net
assets
as
of
September
30,
2020
bridgewayfunds.com
Industry
Company
Shares
Value
Common
Stocks
(continued)
Financials
(continued)
Federal
Agricultural
Mortgage
Corp.,
Class C
8,800
$
560,208
FedNat
Holding
Co.
37,700
238,264
Financial
Institutions,
Inc.
46,300
713,020
First
BanCorp
Puerto
Rico
267,000
1,393,740
First
Bancorp/Southern
Pines
NC
1,000
20,930
First
Bank
21,622
134,056
First
Busey
Corp.
66,500
1,056,685
First
Business
Financial
Services,
Inc.
13,900
198,631
First
Choice
Bancorp
31,707
421,386
First
Commonwealth
Financial
Corp.
145,000
1,122,300
First
Community
Bankshares,
Inc.
22,000
397,100
First
Financial
Corp.
17,495
549,343
First
Financial
Northwest,
Inc.
20,700
188,784
First
Foundation,
Inc.
58,900
769,823
First
Guaranty
Bancshares,
Inc.
10,175
123,219
First
Internet
Bancorp
13,800
203,274
First
Merchants
Corp.
67,900
1,572,564
First
Mid
Bancshares,
Inc.
19,000
474,050
First
Midwest
Bancorp,
Inc.
145,000
1,563,100
First
National
Corp.
9,500
134,140
First
of
Long
Island
Corp.
(The)
31,000
459,110
First
United
Corp.
14,425
168,917
First
US
Bancshares,
Inc.
5,000
33,150
Flushing
Financial
Corp.
46,641
490,663
FNCB
Bancorp,
Inc.
10,000
53,200
Franklin
Financial
Services
Corp.
6,000
128,280
FS
Bancorp,
Inc.
3,150
129,150
Genworth
Financial,
Inc.,
Class A
*
750,000
2,512,500
Global
Indemnity
Group,
LLC,
Class A
26,843
558,066
Great
Elm
Capital
Corp.
+
48,694
163,612
Great
Southern
Bancorp,
Inc.
22,300
807,706
Great
Western
Bancorp,
Inc.
85,804
1,068,260
Guaranty
Federal
Bancshares,
Inc.
+
500
6,930
Hallmark
Financial
Services,
Inc.
*
27,000
70,740
Hanmi
Financial
Corp.
54,000
443,340
Hawthorn
Bancshares,
Inc.
13,498
255,652
Heartland
Financial
USA,
Inc.
54,350
1,630,228
Hennessy
Advisors,
Inc.
+
6,000
49,740
Heritage
Commerce
Corp.
75,000
499,125
Industry
Company
Shares
Value
Financials
(continued)
Heritage
Financial
Corp.
53,600
$
985,704
Heritage
Insurance
Holdings,
Inc.
39,600
400,752
Hilltop
Holdings,
Inc.
71,600
1,473,528
HMN
Financial,
Inc.
*
2,000
26,520
Home
Bancorp,
Inc.
21,097
509,493
HomeStreet,
Inc.
46,500
1,197,840
Hope
Bancorp,
Inc.
161,500
1,224,978
Horace
Mann
Educators
Corp.
61,550
2,055,770
Horizon
Bancorp,
Inc.
87,542
883,299
Howard
Bancorp,
Inc.
*
50,800
456,184
Impac
Mortgage
Holdings,
Inc.
*
3,000
3,810
Independent
Bank
Corp.
25,500
320,535
Independent
Bank
Group,
Inc.
76,100
3,362,098
Investar
Holding
Corp.
16,000
205,120
James
River
Group
Holdings,
Ltd.
54,300
2,417,979
Kingstone
Cos.,
Inc.
24,000
141,360
Lakeland
Bancorp,
Inc.
79,740
793,413
Landmark
Bancorp,
Inc.
2,551
54,464
LCNB
Corp.
12,700
173,355
Limestone
Bancorp,
Inc.
*
11,000
115,720
Luther
Burbank
Corp.
75,600
631,260
Mackinac
Financial
Corp.
28,400
274,060
Malvern
Bancorp,
Inc.
*+
8,700
102,660
Manning
&
Napier,
Inc.
116,000
495,320
Marlin
Business
Services
Corp.
21,875
154,219
Merchants
Bancorp
34,100
672,111
Meridian
Bancorp,
Inc.
10,000
103,500
Meridian
Corp.
18,000
290,340
Meta
Financial
Group,
Inc.
66,434
1,276,861
Metropolitan
Bank
Holding
Corp.
*
16,700
467,600
Middlefield
Banc
Corp.
13,300
256,690
Midland
States
Bancorp,
Inc.
37,117
476,953
MidWestOne
Financial
Group,
Inc.
24,100
430,667
MMA
Capital
Holdings,
Inc.
*
5,000
112,550
Mr
Cooper
Group,
Inc.
*
174,703
3,899,371
MVB
Financial
Corp.
600
9,582
National
Security
Group,
Inc.
(The)
200
2,302
National
Western
Life
Group,
Inc.,
Class A
6,150
1,124,035
Nicholas
Financial,
Inc.
*
19,400
141,038
NMI
Holdings,
Inc.,
Class A
*
105,000
1,869,000
Northeast
Bank
22,300
410,320
Northfield
Bancorp,
Inc.
75,000
684,000
Northrim
BanCorp,
Inc.
9,573
244,016
Omni
Tax-Managed
Small-Cap
Value
Fund
SCHEDULE
OF
INVESTMENTS
(Unaudited)
(continued)
6
Showing
percentage
of
net
assets
as
of
September
30,
2020
Quarterly
Report
|
September
30,
2020
(Unaudited)
Industry
Company
Shares
Value
Common
Stocks
(continued)
Financials
(continued)
OceanFirst
Financial
Corp.
75,996
$
1,040,385
Ocwen
Financial
Corp.
*
14,760
311,731
OFG
Bancorp
91,000
1,133,860
Old
Point
Financial
Corp.
5,100
77,265
Old
Second
Bancorp,
Inc.
41,500
311,043
OP
Bancorp
28,000
160,160
Oppenheimer
Holdings,
Inc.,
Class A
29,319
654,400
Orrstown
Financial
Services,
Inc.
13,500
172,800
Pacific
Mercantile
Bancorp
*
55,300
205,716
Pacific
Premier
Bancorp,
Inc.
124,800
2,513,472
Parke
Bancorp,
Inc.
32,059
382,784
PCB
Bancorp
36,300
319,077
Peapack-Gladstone
Financial
Corp.
22,968
347,965
Penns
Woods
Bancorp,
Inc.
1,500
29,775
PennyMac
Financial
Services,
Inc.
10,000
581,200
Peoples
Bancorp
of
North
Carolina,
Inc.
12,880
198,738
Peoples
Bancorp,
Inc.
38,350
732,102
Peoples
Financial
Services
Corp.
9,700
337,172
Piper
Sandler
Cos.
16,100
1,175,300
Preferred
Bank/Los
Angeles
CA
19,400
623,128
Premier
Financial
Bancorp,
Inc.
49,240
531,792
ProAssurance
Corp.
79,000
1,235,560
Protective
Insurance
Corp.,
Class B
35,100
460,863
Provident
Bancorp,
Inc.
28,000
218,120
Provident
Financial
Holdings,
Inc.
44,710
532,049
Provident
Financial
Services,
Inc.
112,625
1,374,025
Prudential
Bancorp,
Inc.
2,457
25,897
QCR
Holdings,
Inc.
27,600
756,516
RBB
Bancorp
39,500
447,930
Regional
Management
Corp.
*
29,100
484,806
Reliant
Bancorp,
Inc.
25,775
373,738
Renasant
Corp.
55,000
1,249,600
Republic
Bancorp,
Inc.,
Class A
31,200
878,592
Riverview
Bancorp,
Inc.
62,478
259,284
Salisbury
Bancorp,
Inc.
1,683
53,200
Sandy
Spring
Bancorp,
Inc.
51,300
1,184,004
SB
Financial
Group,
Inc.
25,218
340,191
Security
National
Financial
Corp.,
Class A
*
17,033
109,011
Select
Bancorp,
Inc.
*
18,500
133,015
Severn
Bancorp,
Inc.
30,000
194,700
Industry
Company
Shares
Value
Financials
(continued)
Shore
Bancshares,
Inc.
17,800
$
195,444
Sierra
Bancorp
27,000
453,330
SmartFinancial,
Inc.
20,500
278,595
Sound
Financial
Bancorp,
Inc.
+
2,000
58,600
Southern
Missouri
Bancorp,
Inc.
14,300
337,194
Southern
National
Bancorp
of
Virginia,
Inc.
41,900
363,692
Spirit
of
Texas
Bancshares,
Inc.
*
21,000
234,360
Standard
AVB
Financial
Corp.
18,000
587,700
Sterling
Bancorp,
Inc.
81,000
243,810
Stewart
Information
Services
Corp.
44,900
1,963,477
StoneX
Group,
Inc.
*
41,200
2,107,792
Summit
Financial
Group,
Inc.
19,100
282,871
Summit
State
Bank
16,250
181,187
SuRo
Capital
Corp.
+
32,700
354,468
SWK
Holdings
Corp.
*
1,000
14,000
Territorial
Bancorp,
Inc.
15,000
303,450
Third
Point
Reinsurance,
Ltd.
*
146,000
1,014,700
Timberland
Bancorp,
Inc.
5,425
97,650
Tiptree,
Inc.
81,700
404,415
TriCo
Bancshares
15,000
367,350
TriState
Capital
Holdings,
Inc.
*
45,000
595,800
Triumph
Bancorp,
Inc.
*
25,000
778,500
United
Bancorp,
Inc.
+
1,000
12,560
United
Fire
Group,
Inc.
44,500
904,240
United
Insurance
Holdings
Corp.
54,700
331,482
Unity
Bancorp,
Inc.
28,700
332,346
Universal
Insurance
Holdings,
Inc.
58,695
812,339
Univest
Financial
Corp.
47,000
675,390
Veritex
Holdings,
Inc.
93,000
1,583,790
Waddell
&
Reed
Financial,
Inc.,
Class A
+
125,700
1,866,645
Walker
&
Dunlop,
Inc.
52,275
2,770,575
Watford
Holdings,
Ltd.
*
40,000
917,600
Western
New
England
Bancorp,
Inc.
51,465
289,748
World
Acceptance
Corp.
*+
10,900
1,150,495
140,129,409
Health
Care
-
3.03%
Assertio
Holdings,
Inc.
*
200
133
Brookdale
Senior
Living,
Inc.
*
305,500
775,970
Omni
Tax-Managed
Small-Cap
Value
Fund
SCHEDULE
OF
INVESTMENTS
(Unaudited)
(continued)
7
Showing
percentage
of
net
assets
as
of
September
30,
2020
bridgewayfunds.com
Industry
Company
Shares
Value
Common
Stocks
(continued)
Health
Care
(continued)
CynergisTek,
Inc.
*
40,000
$
62,800
Five
Star
Senior
Living,
Inc.
*
18,500
93,795
FONAR
Corp.
*
12,500
261,000
Kewaunee
Scientific
Corp.
2,500
22,350
Lannett
Co.,
Inc.
*+
61,400
375,154
Lexicon
Pharmaceuticals,
Inc.
*+
143,392
206,484
Magellan
Health,
Inc.
*
41,700
3,160,026
Mallinckrodt
PLC
*+
115,000
111,930
National
HealthCare
Corp.
10,419
649,208
Opiant
Pharmaceuticals,
Inc.
*
10,000
74,800
Owens
&
Minor,
Inc.
110,000
2,762,100
Prestige
Consumer
Healthcare,
Inc.
*
26,000
946,920
Surgery
Partners,
Inc.
*+
115,000
2,518,500
Tivity
Health,
Inc.
*
80,000
1,121,600
Triple-S
Management
Corp.,
Class B
*
44,967
803,560
13,946,330
Industrials
-
19.44%
AAR
Corp.
60,500
1,137,400
Acacia
Research
Corp.
*
79,500
275,865
ACCO
Brands
Corp.
178,800
1,037,040
Acme
United
Corp.
9,300
214,161
Aegion
Corp.
*
47,000
664,110
AeroCentury
Corp.
*+
4,300
8,557
Air
T,
Inc.
*
4,050
39,083
Allegiant
Travel
Co.
+
24,500
2,935,100
Apogee
Enterprises,
Inc.
25,000
534,250
ARC
Document
Solutions,
Inc.
98,700
88,830
ArcBest
Corp.
45,400
1,410,124
Art's-Way
Manufacturing
Co.,
Inc.
*
15,000
34,650
Atlas
Air
Worldwide
Holdings,
Inc.
*
49,400
3,008,460
Avis
Budget
Group,
Inc.
*
113,000
2,974,160
BG
Staffing,
Inc.
9,600
81,312
BMC
Stock
Holdings,
Inc.
*
75,200
3,220,816
BrightView
Holdings,
Inc.
*
125,000
1,425,000
Caesarstone,
Ltd.
71,400
699,720
CAI
International,
Inc.
44,500
1,225,085
Chicago
Rivet
&
Machine
Co.
1,000
21,600
CIRCOR
International,
Inc.
*
30,000
820,500
Commercial
Vehicle
Group,
Inc.
*
53,600
350,008
CompX
International,
Inc.
1,500
22,425
Industry
Company
Shares
Value
Industrials
(continued)
Concrete
Pumping
Holdings,
Inc.
*
66,000
$
235,620
Cornerstone
Building
Brands,
Inc.
*
334,500
2,669,310
Costamare,
Inc.
287,600
1,745,732
Covenant
Logistics
Group,
Inc.
*
24,250
424,133
DLH
Holdings
Corp.
*
52,500
380,625
DXP
Enterprises,
Inc.
*
25,000
403,250
Eagle
Bulk
Shipping,
Inc.
*+
16,242
265,882
Eastern
Co.
(The)
12,404
242,126
Echo
Global
Logistics,
Inc.
*
39,000
1,005,030
EnPro
Industries,
Inc.
30,600
1,726,146
Fortress
Transportation
and
Infrastructure
Investors,
LLC
+
137,000
2,346,810
Foundation
Building
Materials,
Inc.
*
77,300
1,215,156
Genco
Shipping
&
Trading,
Ltd.
97,300
671,370
General
Finance
Corp.
*
50,000
316,500
GMS,
Inc.
*
74,000
1,783,400
Goldfield
Corp.
(The)
*
114,000
482,220
GP
Strategies
Corp.
*
37,500
361,500
Greenbrier
Cos.,
Inc.
(The)
62,400
1,834,560
H&E
Equipment
Services,
Inc.
42,000
825,720
Hawaiian
Holdings,
Inc.
+
53,600
690,904
HC2
Holdings,
Inc.
*+
64,400
155,848
Heidrick
&
Struggles
International,
Inc.
35,000
687,750
Herc
Holdings,
Inc.
*
44,000
1,742,840
Hub
Group,
Inc.,
Class A
*
48,000
2,409,360
Hudson
Technologies,
Inc.
*+
45,000
51,750
Hyster-Yale
Materials
Handling,
Inc.
15,000
557,250
Interface,
Inc.
103,500
633,420
Kelly
Services,
Inc.,
Class A
66,400
1,131,456
Knoll,
Inc.
99,000
1,193,940
L
B
Foster
Co.,
Class A
*
29,600
397,232
Limbach
Holdings,
Inc.
*
7,000
74,900
LS
Starrett
Co.
(The),
Class A
*
9,400
27,730
LSI
Industries,
Inc.
50,000
337,500
Lydall,
Inc.
*
30,000
496,200
Manitowoc
Co.,
Inc.
(The)
*
40,000
336,400
Marten
Transport,
Ltd.
81,114
1,323,780
Matson,
Inc.
29,890
1,198,290
Matthews
International
Corp.,
Class A
39,700
887,692
Maxar
Technologies,
Inc.
104,500
2,606,230
Mesa
Air
Group,
Inc.
*
92,500
272,875
Omni
Tax-Managed
Small-Cap
Value
Fund
SCHEDULE
OF
INVESTMENTS
(Unaudited)
(continued)
8
Showing
percentage
of
net
assets
as
of
September
30,
2020
Quarterly
Report
|
September
30,
2020
(Unaudited)
Industry
Company
Shares
Value
Common
Stocks
(continued)
Industrials
(continued)
Miller
Industries,
Inc.
15,000
$
458,550
Mistras
Group,
Inc.
*
59,800
233,818
Morgan
Group
Holding
Co.
*+
558
3,448
MRC
Global,
Inc.
*
103,900
444,692
MYR
Group,
Inc.
*
30,700
1,141,426
Navios
Maritime
Holdings,
Inc.
*
40,000
70,400
NL
Industries,
Inc.
67,100
285,175
NN,
Inc.
72,000
371,520
Northwest
Pipe
Co.
*
30,500
807,030
NOW,
Inc.
*
167,700
761,358
Orion
Group
Holdings,
Inc.
*
82,672
227,348
PAM
Transportation
Services,
Inc.
*
10,000
376,000
Pangaea
Logistics
Solutions,
Ltd.
13,800
35,742
Park-Ohio
Holdings
Corp.
26,500
425,855
Patrick
Industries,
Inc.
+
25,000
1,438,000
Patriot
Transportation
Holding,
Inc.
7,500
65,850
Perma-Pipe
International
Holdings,
Inc.
*
15,000
84,750
Powell
Industries,
Inc.
20,000
482,600
Preformed
Line
Products
Co.
4,600
224,112
Primoris
Services
Corp.
78,500
1,416,140
Quad/Graphics,
Inc.
70,300
213,009
Quanex
Building
Products
Corp.
42,000
774,480
REV
Group,
Inc.
147,500
1,163,775
Rush
Enterprises,
Inc.,
Class A
42,700
2,158,058
Rush
Enterprises,
Inc.,
Class B
12,700
562,610
Safe
Bulkers,
Inc.
*
225,200
231,956
Scorpio
Bulkers,
Inc.
+
20,020
283,483
Servotronics,
Inc.
*+
1,000
7,790
Steelcase,
Inc.,
Class A
190,000
1,920,900
Sterling
Construction
Co.,
Inc.
*
64,800
917,568
Team,
Inc.
*
51,000
280,500
Terex
Corp.
80,000
1,548,800
Textainer
Group
Holdings,
Ltd.
*
125,400
1,775,664
Titan
Machinery,
Inc.
*
32,000
423,360
TrueBlue,
Inc.
*
85,250
1,320,523
Tutor
Perini
Corp.
*
97,200
1,081,836
Universal
Logistics
Holdings,
Inc.
40,100
836,486
US
Xpress
Enterprises,
Inc.,
Class A
*
80,000
660,800
USA
Truck,
Inc.
*
26,800
253,260
Veritiv
Corp.
*
28,433
359,962
Industry
Company
Shares
Value
Industrials
(continued)
Viad
Corp.
24,500
$
510,335
VSE
Corp.
11,560
354,198
Wabash
National
Corp.
85,500
1,022,580
WESCO
International,
Inc.
*
66,000
2,905,320
Willis
Lease
Finance
Corp.
*
17,634
325,347
89,623,107
Information
Technology
-
5.46%
Alpha
&
Omega
Semiconductor,
Ltd.
*
36,905
473,122
Amtech
Systems,
Inc.
*
38,300
187,287
Avaya
Holdings
Corp.
*+
145,300
2,208,560
Aviat
Networks,
Inc.
*
13,800
303,048
Bel
Fuse,
Inc.,
Class B
4,213
44,995
Benchmark
Electronics,
Inc.
70,100
1,412,515
BK
Technologies
Corp.
6,973
20,361
Communications
Systems,
Inc.
15,000
57,450
Computer
Task
Group,
Inc.
*
5,000
24,850
Comtech
Telecommunications
Corp.
55,985
783,790
CSP,
Inc.
5,150
44,444
Eastman
Kodak
Co.
*+
55,000
485,100
GTT
Communications,
Inc.
*+
75,000
387,000
Information
Services
Group,
Inc.
*
63,600
134,196
Innodata,
Inc.
*
43,000
132,870
Key
Tronic
Corp.
*
10,300
101,455
Kimball
Electronics,
Inc.
*
51,100
590,716
Mind
CTI,
Ltd.
500
1,160
NeoPhotonics
Corp.
*
71,000
432,390
NetScout
Systems,
Inc.
*
95,000
2,073,850
NetSol
Technologies,
Inc.
*
15,700
46,001
Perceptron,
Inc.
*
13,500
91,800
Photronics,
Inc.
*
118,670
1,181,953
Ribbon
Communications,
Inc.
*
230,800
893,196
Sanmina
Corp.
*
80,400
2,174,820
ScanSource,
Inc.
*
46,900
930,027
StarTek,
Inc.
*
61,500
322,875
Super
Micro
Computer,
Inc.
*
93,000
2,455,200
Support.com,
Inc.
45,000
81,000
Synacor,
Inc.
*
85,400
128,954
Synaptics,
Inc.
*+
13,100
1,053,502
Trio-Tech
International
*
13,000
44,460
TSR,
Inc.
*
1,385
6,870
TTM
Technologies,
Inc.
*
194,902
2,223,832
Ultra
Clean
Holdings,
Inc.
*
50,800
1,090,168
VirnetX
Holding
Corp.
+
175,000
922,250
Omni
Tax-Managed
Small-Cap
Value
Fund
SCHEDULE
OF
INVESTMENTS
(Unaudited)
(continued)
9
Showing
percentage
of
net
assets
as
of
September
30,
2020
bridgewayfunds.com
Industry
Company
Shares
Value
Common
Stocks
(continued)
Information
Technology
(continued)
Wayside
Technology
Group,
Inc.
15,700
$
361,885
Xperi
Holding
Corp.
108,000
1,240,920
25,148,872
Materials
-
6.93%
Advanced
Emissions
Solutions,
Inc.
+
52,500
213,150
AdvanSix,
Inc.
*
42,900
552,552
AgroFresh
Solutions,
Inc.
*
86,100
209,223
Ampco-Pittsburgh
Corp.
*
13,000
42,770
Boise
Cascade
Co.
51,900
2,071,848
Caledonia
Mining
Corp.
PLC
7,000
118,930
Carpenter
Technology
Corp.
68,000
1,234,880
Century
Aluminum
Co.
*
150,000
1,068,000
Clearwater
Paper
Corp.
*+
33,000
1,252,020
Contura
Energy,
Inc.
*+
15,969
116,893
Core
Molding
Technologies,
Inc.
*
17,000
150,620
Domtar
Corp.
68,800
1,807,376
Friedman
Industries,
Inc.
32,900
190,820
FutureFuel
Corp.
62,000
704,940
Gulf
Resources,
Inc.
*+
3,630
19,602
Haynes
International,
Inc.
20,000
341,800
Intrepid
Potash,
Inc.
*
20,500
173,020
Kaiser
Aluminum
Corp.
23,900
1,280,801
Koppers
Holdings,
Inc.
*
51,000
1,066,410
Kraton
Corp.
*
44,277
789,016
LSB
Industries,
Inc.
*
47,600
77,112
Mercer
International,
Inc.
104,950
692,670
Minerals
Technologies,
Inc.
44,500
2,273,950
O-I
Glass,
Inc.
87,000
921,330
Olympic
Steel,
Inc.
18,500
210,160
PH
Glatfelter
Co.
82,000
1,129,140
PQ
Group
Holdings,
Inc.
*
205,850
2,112,021
Ramaco
Resources,
Inc.
*
69,900
244,650
Rayonier
Advanced
Materials,
Inc.
*
100,000
320,000
Resolute
Forest
Products,
Inc.
*
117,500
526,400
Ryerson
Holding
Corp.
*
105,700
605,661
Schnitzer
Steel
Industries,
Inc.,
Class A
57,300
1,101,879
SunCoke
Energy,
Inc.
146,700
501,714
Synalloy
Corp.
*+
5,473
30,211
TimkenSteel
Corp.
*
49,500
175,725
Trecora
Resources
*
34,002
208,772
Tredegar
Corp.
47,600
707,812
Trinseo
SA
42,000
1,076,880
Tronox
Holdings
PLC,
Class A
175,000
1,377,250
Industry
Company
Shares
Value
Materials
(continued)
United
States
Steel
Corp.
+
200,000
$
1,468,000
Universal
Stainless
&
Alloy
Products,
Inc.
*
15,250
83,723
US
Concrete,
Inc.
*
19,700
572,088
Verso
Corp.,
Class A
64,001
504,968
Warrior
Met
Coal,
Inc.
96,000
1,639,680
31,966,467
Real
Estate
-
1.32%
Altisource
Portfolio
Solutions
SA
*
24,000
304,080
CTO
Realty
Growth,
Inc.
8,000
352,800
Forestar
Group,
Inc.
*
1
17
Newmark
Group,
Inc.,
Class A
447,000
1,931,040
RE/MAX
Holdings,
Inc.,
Class A
28,000
916,440
Realogy
Holdings
Corp.
220,718
2,083,578
RMR
Group,
Inc.
(The),
Class A
18,000
494,460
6,082,415
TOTAL
COMMON
STOCKS
-
99.42%
458,290,449
(Cost
$471,414,916)
.
Preferred
Stock
-
0.00%
Air
T
Funding,
8.00%
***+
529
11,109
TOTAL
PREFERRED
STOCK
-
0.00%
11,109
(Cost
$11,003)
.
Rights
-
0.00%
Newstar
Financial,
Inc.,
CVR
*
∆
105,100
5,255
TOTAL
RIGHTS
-
0.00%
5,255
(Cost
$8,950)
.
Warrants
-
0.00%
Air
T
Funding,
expiring
06/07/20
*
27,864
753
Eagle
Bulk
Shipping,
Inc.,
expiring
10/15/21
*
8,501
100
TOTAL
WARRANTS
-
0.00%
853
(Cost
$73,557)
Omni
Tax-Managed
Small-Cap
Value
Fund
SCHEDULE
OF
INVESTMENTS
(Unaudited)
(continued)
10
Showing
percentage
of
net
assets
as
of
September
30,
2020
Quarterly
Report
|
September
30,
2020
(Unaudited)
^
Rate^
B
Shares
B
Value
.
Money
Market
Fund
-
0.34%
Fidelity
Investments
Money
Market
Government
Portfolio
Class
I
0.01%
1,556,130
$
1,556,130
TOTAL
MONEY
MARKET
FUND
-
0.34%
1,556,130
(Cost
$1,556,130)
.
Investments
Purchased
With
Cash
Proceeds
From
Securities
Lending
-
4.05%
Fidelity
Investments
Money
Market
Government
Portfolio
Class
I**
0.01%
18,684,404
TOTAL
INVESTMENTS
PURCHASED
WITH
CASH
PROCEEDS
FROM
SECURITIES
LENDING
-
4.05%
18,684,404
(Cost
$18,684,404)
TOTAL
INVESTMENTS
-
103.81%
$
478,548,200
(Cost
$491,748,960)
Liabilities
in
Excess
of
Other
Assets
-
(3.81%)
(17,580,492)
NET
ASSETS
-
100.00%
$
460,967,708
*
Non-income
producing
security.
**
This
security
represents
the
investment
of
the
cash
collateral
received
in
connection
with
securities
out
on
loan
as
of
September
30,
2020.
***
Security
is
perpetual
and
has
no
stated
maturity
date.
^
Rate
disclosed
as
of
September
30,
2020.
∆
Security
was
fair
valued
using
significant
unobservable
inputs.
As
such,
the
security
is
classified
as
Level
3
in
the
fair
value
hierarchy.
+
This
security
or
a
portion
of
the
security
is
out
on
loan
as
of
September
30,
2020.
Total
loaned
securities
had
a
value
of
$51,816,808
as
of
September
30,
2020.
CVR
-
Contingent
Value
Right
LLC
-
Limited
Liability
Company
PLC
-
Public
Limited
Company
Summary
of
inputs
used
to
value
the
Fund’s
investments
as
of
9/30/2020
:
Valuation
Inputs
Investment
in
Securities
(Value)
Level
1
Quoted
Prices
Level
2
Significant
Observable
Inputs
Level
3
Significant
Unobservable
Inputs
Total
Common
Stocks
Industrials
$
89,619,659
$
3,448
$
–
$
89,623,107
Financials
140,039,571
89,838
0
140,129,409
Other
Industries
(a)
228,537,933
–
–
228,537,933
Total
Common
Stocks
458,197,163
93,286
0
458,290,449
Preferred
Stock
–
11,109
–
11,109
Rights
–
–
5,255
5,255
Warrants
853
–
–
853
Money
Market
Fund
–
1,556,130
–
1,556,130
Investments
Purchased
With
Cash
Proceeds
From
Securities
Lending
–
18,684,404
–
18,684,404
TOTAL
$458,198,016
$20,344,929
$5,255
$478,548,200
(a)
-
Please
refer
to
the
Schedule
of
Investments
for
the
industry
classifications
of
these
portfolio
holdings.
Omni
Tax-Managed
Small-Cap
Value
Fund
SCHEDULE
OF
INVESTMENTS
(Unaudited)
(continued)
11
bridgewayfunds.com
Following
is
a
reconciliation
of
Level
3
investments
for
which
significant
unobservable
inputs
were
used
to
determine
fair
value:
Investment
in
Securities
(Value)
Rights
Balance
as
of
06/30/2020
$
5,255
Purchases
–
Sales
–
Return
of
Capital
–
Realized
Gain/(Loss)
–
Change
in
unrealized
Appreciation/(Depreciation)
–
Transfers
in
–
Transfers
out
–
Balance
as
of
09/30/2020
$
5,255
Net
change
in
unrealized
Appreciation/(Depreciation)
from
investments
held
as
of
09/30/2020
$
–