This three-star Morningstar-rated fund’s top holdings include: Temporary Invt Fd (6.65% of net assets), Micron Technology, Inc. (MU—1.38%), Gap, Inc. (GPS—0.99%), Goldman Sachs Group, (GS—0.92%) and Pfizer, Inc. (PFE—0.88%). The fund has a current dividend yield of $0.24%.
Bridgeway Managed Volatility (BRBPX)
from Bob Carlson’s Retirement Watch
A fund that changes its allocation with the markets is Bridgeway Managed Volatility (BRBPX). The fund varies its allocation among cash, bonds, and stocks. The stocks are selected using the quantitative models that guide Bridgeway’s equity funds.
The fund is up 0.72% in the last month and 5.14% in 2014. Fund management is very bearish on bonds. They worry that interest rates are likely to rise, reducing the value of bonds. In line with that, Bridgeway recently had 0% in bonds. Bonds haven’t been a major factor in the fund in recent years, with their allocation reaching a recent high of 6% in 2010.
Bridgeway is growing cautious about stocks, with 55% invested in equities. The fund was 66% in stocks in 2011 and 26% in 2012. Cash recently accounted for over 45% of the fund. The cash allocation has ranged from 33% in 2011 to 74% in 2012.
Bob C. Carlson, Bob Carlson’s Retirement Watch, www.retirementwatch.com, October 2014