Investment objective & strategy
As of Oct. 24, 2025 · prospectusObjective. The Aggressive Investors 1 Fund (the Fund) seeks to exceed the stock market total return (primarily through capital appreciation) at a level of total risk roughly equal to that of the stock market over longer periods of time (three-year intervals or more).
Strategy. The Fund invests in a diversified portfolio of common stocks of companies of any size that are listed on the New York Stock Exchange, NYSE American, and Nasdaq. Bridgeway Capital Management, LLC (the Adviser) selects stocks for the Fund using a statistical approach. The Fund seeks to achieve the risk objective by investing in stocks that the Adviser believes have a lower probability of price decline over the long term, though the stock price may be more volatile in the short term. The Fund may invest in stocks for which there is relatively low market liquidity, as periodically determined by the Adviser based on the stocks trading volume. The Fund may also use aggressive investment techniques such as: investing up … The Fund invests in a diversified portfolio of common stocks of companies of any size that are listed on the New York Stock Exchange, NYSE American, and Nasdaq. Bridgeway Capital Management, LLC (the Adviser) selects stocks for the Fund using a statistical approach. The Fund seeks to achieve the risk objective by investing in stocks that the Adviser believes have a lower probability of price decline over the long term, though the stock price may be more volatile in the short term. The Fund may invest in stocks for which there is relatively low market liquidity, as periodically determined by the Adviser based on the stocks trading volume. The Fund may also use aggressive investment techniques such as: investing up to 10% of its total assets in a single company, investing up to 15% of its total assets in foreign securities (as defined below), and short-term trading (buying and selling the same security in less than a three-month timeframe). The Advisers investment process incorporates material environmental, social, and governance (ESG) information, when available, as a consideration in the ongoing assessment of potential portfolio securities. The Adviser uses ESG research and/or ratings information provided by third parties in performing this analysis and considering ESG risks. As with any consideration used in assessing portfolio securities, the Adviser may, at times, utilize ESG information to increase the weighting of an issuer with a good ESG record or decrease the weighting of an issuer with a poor ESG record. However, as ESG information is just one investment consideration, ESG considerations are not solely determinative in any investment decision made by the Adviser. For purposes of the Funds investments, foreign securities means those securities issued by companies: (i) that are domiciled in a country other than the US; and (ii) that derive 50% or more of their total revenue from activities outside of the US. Although the Fund seeks investments across a number of sectors, from time to time, based on economic conditions, the Fund may have significant positions in particular sectors. The Fund may invest a high percentage of its assets in a smaller number of companies than other mutual funds. The Fund may engage in active and frequent trading of portfolio securities.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| NVIDIA CORP | — | $9.43M | 4.64% |
| ALPHABET INC CL A | — | $7.88M | 3.88% |
| MICROSOFT CORP | — | $7.59M | 3.73% |
| APPLE INC | — | $6.34M | 3.12% |
| LUMENTUM HOLDINGS INC | — | $4.64M | 2.28% |
| AMAZON.COM INC | — | $3.58M | 1.76% |
| LAM RESEARCH CORP | — | $3.20M | 1.58% |
| COMFORT SYSTEMS USA INC | — | $3.17M | 1.56% |
| DEVON ENERGY CORP | — | $3.02M | 1.49% |
| NRG ENERGY INC | — | $2.85M | 1.40% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| First Trust Active Factor Large Cap ETF · AFLG | 39% | 0.55% |
| Victory Multi-Cap Fund · MNNAX, MNNCX, MNNYX | 37% | 0.95% |
| Victory Diversified Stock Fund · SRVEX, VDSCX, GRINX, VDSIX, VDSYX, VDSRX | 36% | 0.78% |
Advisers
| Firm | Role |
|---|---|
| Bridgeway Capital Management, LLC | Adviser |
Footnotes
- Expense ratio as of October 24, 2025, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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