NPORT-EX 2 3B07SMCapValFd.htm
Small-Cap
Value
Fund
Schedule
of
Investments
(Unaudited)
1
Showing
percentage
of
net
assets
as
of
March
31,
2021
bridgewayfunds.com
Industry
Company
Shares
Value
.
Common
Stocks
-
97.21%
Communication
Services
-
0.89%
Cars.com,
Inc.*
51,100
$
662,256
Gray
Television,
Inc.
46,200
850,080
1,512,336
Consumer
Discretionary
-
13.66%
Adient
PLC*
11,400
503,880
At
Home
Group,
Inc.*
20,300
582,610
Caleres
,
Inc.
107,200
2,336,960
Chico's
FAS,
Inc.*
262,100
867,551
Dine
Brands
Global,
Inc.+
9,700
873,291
G-III
Apparel
Group,
Ltd.*+
56,600
1,705,924
Hibbett
Sports,
Inc.*
18,500
1,274,465
Hooker
Furniture
Corp.
42,200
1,538,612
Houghton
Mifflin
Harcourt
Co.*+
220,800
1,682,496
Lithia
Motors,
Inc.,
Class A
1,100
429,099
Meritage
Homes
Corp.*
3,900
358,488
Michaels
Cos.,
Inc.
(The)*
85,400
1,873,676
Modine
Manufacturing
Co.*
83,200
1,228,864
ODP
Corp.
(The)*+
15,430
667,965
Quotient
Technology,
Inc.*
124,100
2,027,794
Sleep
Number
Corp.*+
6,700
961,383
Tenneco,
Inc.,
Class A*
218,900
2,346,608
Tupperware
Brands
Corp.*
72,500
1,914,725
23,174,391
Consumer
Staples
-
6.25%
Darling
Ingredients,
Inc.*
14,900
1,096,342
Ingles
Markets,
Inc.,
Class A
12,500
770,625
Rite
Aid
Corp.*+
123,800
2,532,948
SpartanNash
Co.+
117,400
2,304,562
United
Natural
Foods,
Inc.*+
73,800
2,430,972
Weis
Markets,
Inc.+
26,200
1,480,824
10,616,273
Energy
-
8.53%
Antero
Resources
Corp.*
107,900
1,100,580
CONSOL
Energy,
Inc.*
171,600
1,667,952
Dorian
LPG,
Ltd.*
102,900
1,351,077
Nabors
Industries,
Ltd.+
17,600
1,644,720
Peabody
Energy
Corp.*+
784,500
2,400,570
SM
Energy
Co.
88,600
1,450,382
Uranium
Energy
Corp.*+
631,900
1,807,234
Whiting
Petroleum
Corp.*
68,300
2,421,235
World
Fuel
Services
Corp.
17,900
630,080
14,473,830
Industry
Company
Shares
Value
Financials
-
23.66%
Amalgamated
Financial
Corp.
22,400
$
371,616
A-Mark
Precious
Metals,
Inc.
65,700
2,365,200
Artisan
Partners
Asset
Management,
Inc.,
Class A
12,100
631,257
Axos
Financial,
Inc.*
30,100
1,415,001
Banner
Corp.
19,300
1,029,269
Berkshire
Hills
Bancorp,
Inc.
56,400
1,258,848
Cadence
BanCorp
50,200
1,040,646
Columbia
Financial,
Inc.*+
33,500
585,580
Cowen,
Inc.,
Class A
61,800
2,172,270
Enova
International,
Inc.*
50,300
1,784,644
Enstar
Group,
Ltd.*
3,800
937,574
Essent
Group,
Ltd.
10,900
517,641
EZCORP,
Inc.,
Class A*
423,800
2,106,286
Federated
Hermes,
Inc.
23,600
738,680
First
BanCorp
Puerto
Rico
149,600
1,684,496
Green
Dot
Corp.,
Class A*
17,000
778,430
Hannon
Armstrong
Sustainable
Infrastructure
Capital,
Inc.+
20,500
1,150,050
HarborOne
Bancorp,
Inc.
182,300
2,455,581
Kearny
Financial
Corp.
174,800
2,111,584
National
Bank
Holdings
Corp.,
Class A
27,000
1,071,360
National
Western
Life
Group,
Inc.,
Class A
3,700
921,300
NMI
Holdings,
Inc.,
Class A*
40,900
966,876
Piper
Sandler
Cos.
5,700
625,005
PROG
Holdings,
Inc.*
23,700
1,025,973
Provident
Bancorp,
Inc.
58,300
839,520
Selective
Insurance
Group,
Inc.
9,600
696,384
Stewart
Information
Services
Corp.
20,400
1,061,412
Stifel
Financial
Corp.
10,800
691,848
TriCo
Bancshares
20,900
990,033
Triumph
Bancorp,
Inc.*
29,900
2,313,961
Walker
&
Dunlop,
Inc.
2,600
267,124
Waterstone
Financial,
Inc.
103,600
2,115,512
Westamerica
BanCorp
22,700
1,425,106
40,146,067
Health
Care
-
9.86%
Aspira
Women's
Health,
Inc.*+
349,500
2,359,125
Small-Cap
Value
Fund
Schedule
of
Investments
(Unaudited)
(continued)
2
Showing
percentage
of
net
assets
as
of
March
31,
2021
Quarterly
Report
|
March
31,
2021
(Unaudited)
Industry
Company
Shares
Value
Common
Stocks
(continued)
Health
Care
(continued)
Brookdale
Senior
Living,
Inc.*
133,400
$
807,070
CASI
Pharmaceuticals,
Inc.*
630,002
1,512,005
Community
Health
Systems,
Inc.*
199,400
2,695,888
Five
Star
Senior
Living,
Inc.*
38,300
234,396
HealthStream
,
Inc.*
14,700
328,398
Lannett
Co.,
Inc.*+
101,500
535,920
LeMaitre
Vascular,
Inc.+
15,300
746,334
Milestone
Scientific,
Inc.*+
484,000
1,727,880
Owens
&
Minor,
Inc.
63,700
2,394,483
Triple-S
Management
Corp.,
Class B*
94,100
2,449,423
VolitionRX
,
Ltd.*+
251,600
951,048
16,741,970
Industrials
-
15.25%
ABM
Industries,
Inc.
12,300
627,423
Applied
Industrial
Technologies,
Inc.
5,600
510,552
ArcBest
Corp.
7,000
492,590
Arcosa
,
Inc.
9,600
624,864
Atlas
Air
Worldwide
Holdings,
Inc.*
29,800
1,801,112
Boise
Cascade
Co.
12,400
741,892
Builders
FirstSource
,
Inc.*
12,900
598,173
DXP
Enterprises,
Inc.*
40,300
1,215,851
Gibraltar
Industries,
Inc.*
16,700
1,528,217
GMS,
Inc.*
13,900
580,325
Kelly
Services,
Inc.,
Class A*
57,300
1,276,071
Manitowoc
Co.,
Inc.
(The)*
83,000
1,711,460
Matthews
International
Corp.,
Class A
39,400
1,558,270
Mistras
Group,
Inc.*
117,600
1,341,816
MRC
Global,
Inc.*
112,500
1,015,875
Pitney
Bowes,
Inc.
103,800
855,312
Primoris
Services
Corp.
20,700
685,791
Quad/Graphics,
Inc.
507,500
1,791,475
TrueBlue
,
Inc.*
111,200
2,448,624
US
Xpress
Enterprises,
Inc.,
Class A*
143,000
1,680,250
Veritiv
Corp.*
65,600
2,790,624
25,876,567
Information
Technology
-
3.40%
Amkor
Technology,
Inc.
36,100
855,931
Conduent
,
Inc.*
189,400
1,261,404
Industry
Company
Shares
Value
Information
Technology
(continued)
MoneyGram
International,
Inc.*
230,500
$
1,514,385
PC
Connection,
Inc.+
6,200
287,618
Sanmina
Corp.*
30,400
1,257,952
Sykes
Enterprises,
Inc.*
13,500
595,080
5,772,370
Materials
-
8.16%
AdvanSix
,
Inc.*
74,200
1,990,044
Clearwater
Paper
Corp.*
66,700
2,509,254
Commercial
Metals
Co.
21,500
663,060
Innospec
,
Inc.
4,800
492,912
Koppers
Holdings,
Inc.*
24,600
855,096
Kraton
Corp.*
17,900
654,961
Rayonier
Advanced
Materials,
Inc.*
117,400
1,064,818
Ryerson
Holding
Corp.*
135,100
2,302,104
SunCoke
Energy,
Inc.
250,500
1,756,005
TimkenSteel
Corp.*+
108,400
1,273,700
Verso
Corp.,
Class A
19,400
283,046
13,845,000
Real
Estate
-
5.14%
Gladstone
Land
Corp.
52,300
957,090
Monmouth
Real
Estate
Investment
Corp.
29,700
525,393
Physicians
Realty
Trust
106,500
1,881,855
Realogy
Holdings
Corp.*+
75,300
1,139,289
Retail
Opportunity
Investments
Corp.
107,700
1,709,199
Terreno
Realty
Corp.
20,500
1,184,285
Universal
Health
Realty,
Income
Trust
19,600
1,328,488
8,725,599
Utilities
-
2.41%
Clearway
Energy,
Inc.,
Class C
58,800
1,654,632
Southwest
Gas
Holdings,
Inc.
35,500
2,439,205
4,093,837
TOTAL
COMMON
STOCKS
-
97.21%
164,978,240
(Cost
$147,875,153)
Small-Cap
Value
Fund
Schedule
of
Investments
(Unaudited)
(continued)
3
Showing
percentage
of
net
assets
as
of
March
31,
2021
bridgewayfunds.com
Industry
Company
Shares
Value
.
Exchange
Traded
Fund
-
0.67%
iShares
Russell
2000
Value
ETF+
7,100
$
1,132,237
TOTAL
EXCHANGE
TRADED
FUND
-
0.67%
1,132,237
(Cost
$1,005,258)
^
Rate^
B
Shares
B
Value
.
Money
Market
Fund
-
2.53%
Fidelity
Investments
Money
Market
Government
Portfolio
Class
I
0.01%
4,289,010
4,289,010
TOTAL
MONEY
MARKET
FUND
-
2.53%
4,289,010
(Cost
$4,289,010)
.
Investments
Purchased
With
Cash
Proceeds
From
Securities
Lending
-
2.59%
Fidelity
Investments
Money
Market
Government
Portfolio
Class
I**
0.01%
4,387,020
4,387,020
TOTAL
INVESTMENTS
PURCHASED
WITH
CASH
PROCEEDS
FROM
SECURITIES
LENDING
-
2.59%
4,387,020
(Cost
$4,387,020)
TOTAL
INVESTMENTS
-
103.00%
$
174,786,507
(Cost
$157,556,441)
Liabilities
in
Excess
of
Other
Assets
-
(3.00%)
(5,084,276)
NET
ASSETS
-
100.00%
$
169,702,232
*
Non-income
producing
security.
**
This
security
represents
the
investment
of
the
cash
collateral
received
in
connection
with
securities
out
on
loan
as
of
March
31,
2021.
^
Rate
disclosed
as
of
March
31,
2021.
+
This
security
or
a
portion
of
the
security
is
out
on
loan
as
of
March
31,
2021.
Total
loaned
securities
had
a
value
of
$11,466,373
as
of
March
31,
2021.
PLC
-
Public
Limited
Company
Summary
of
inputs
used
to
value
the
Fund’s
investments
as
of
3/31/2021
:
Valuation
Inputs
Investment
in
Securities
(Value)
Level
1
Quoted
Prices
Level
2
Significant
Observable
Inputs
Level
3
Significant
Unobservable
Inputs
Total
Common
Stocks
(a)
$
164,978,240
$
–
$
–
$
164,978,240
Exchange
Traded
Fund
1,132,237
–
–
1,132,237
Money
Market
Fund
–
4,289,010
–
4,289,010
Investments
Purchased
With
Cash
Proceeds
From
Securities
Lending
–
4,387,020
–
4,387,020
TOTAL
$166,110,477
$8,676,030
$–
$174,786,507
(a)
-
Please
refer
to
the
Schedule
of
Investments
for
the
industry
classifications
of
these
portfolio
holdings.