https://www.sec.gov/Archives/edgar/data/916006/000119312521160629/d159594d497.htm
497 1 d159594d497.htm BRIDGEWAY FUNDS INC
BRIDGEWAY FUNDS, INC.
Small-Cap Growth Fund
Small-Cap Value Fund
Supplement dated May 13, 2021
to the Prospectus and Statement of Additional Information dated October 31, 2020
At a meeting of the Board of Directors (the “Board”) of Bridgeway Funds, Inc. (“Bridgeway Funds”) held on May 13, 2021 (the “Meeting”), the Board unanimously approved a Plan of Reorganization (the “Plan”), providing for: (i) the conversion of the shares of the Small-Cap Growth Fund (the “SCG Fund”) into shares of the Small-Cap Value Fund (the “SCV Fund”) and (ii) the resulting transfer to the SCV Fund of all of the property, assets and goodwill of the SCG Fund (when completed, the “Conversion”). The Board determined that the Plan and Conversion would be in the best interests of the SCG Fund, the SCV Fund, and their respective shareholders. The effect of the Plan and Conversion will be that the SCG Fund shareholders would become shareholders of the SCV Fund.
The Plan will require the approval of the shareholders of the SCG Fund. A special meeting of the shareholders of the SCG Fund is being called for that purpose. Shareholders of the SCG Fund will receive proxy solicitation materials providing them with information about the SCV Fund and Plan. If approved by shareholders of the SCG Fund, the Conversion is expected to take effect on or around the end of the third quarter of 2021. Share purchases of the SCG Fund will no longer be permitted approximately one week prior to the Conversion. Investors should check the Bridgeway Funds’ website (bridgewayfunds.com) for further information.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

I notice, as per usual, that there was some serious selling into the rally. I just plain don't like to see that. Oh, well.
https://www.marketwatch.com/story/dow-ends-more-than-430-points-higher-as-stocks-take-back-a-chunk-of-wednesdays-rout-2021-05-13?mod=home-page

FYI, Effective May 1, 2021, Columbia Thermostat Fund has undergone changes to its allocation table. The fund’s assets are allocated to underlying equity and fixed-income funds according to the level of the S&P 500 Index. Based on the annual review, the decision was made to adjust the stock fund/bond fund allocation table. The new allocation is now 10% equity and 90% fixed-income; the prior allocation was 50% equity and 50% fixed-income.
https://www.columbiathreadneedleus.com/binaries/content/assets/cti/public/THERMOSTAT_FUND_ALLOCATION_NEW_NOTEWORTHY.PDF

RPIEX. Overall performance this year is good. But still, the dividends are paltry. 51% in "cash?" They can't mean actual "cash" or MM? Could they???

This should accelerate the move to renewable energy vs. coil to mine bitcoin. Bitcoin down quite a bit given Musk's statement.
Timely given our discussion above: https://www.cnbc.com/2021/05/12/elon-musk-says-tesla-will-stop-accepting-bitcoin-for-car-purchases.html
Saylor? He's buying the dip.
Cuban? He's staying with bitcoin: https://twitter.com/mcuban/status/1392611938983632896

updated:
https://www.sec.gov/Archives/edgar/data/1829774/000158064221002348/jaft1130_497s.htm
https://www.sec.gov/Archives/edgar/data/1829774/000158064221002349/jaft831_497s.htm

@Starchild, you must be refereing to the Kummelweck roll which has the kosher salt and caraway seeds...if in Buffalo you need to go to Charlie the Butcher's for one of these.
Come to think of it, I haven't been to Buffalo that often, last time was a couple years ago for work, but love the people, they are all so authentic, good decent folks, love the city, love the Beef on Weck's!
Baseball Fan

Yes! unfortunately, 350 miles is a treck for a sandwiche!

hank -was the junk bond fund, by chance, the infamous Oppenheimer Champion Income fund?

LOL - I don’t know. But I’m well aware of the former Oppenheimer “Champion” high income fund and have referenced it a few times here. Best recollection is it lost about 75% over the ‘07-‘09 bear market. More grievous, perhaps, was Oppenheimer’s “Core Bond” fund that had been marketed as low risk but ended up losing something like 40% during that time. Others may wish to check the numbers..
The friend I referenced is no longer among the living. But, it’s one thing to read some poster whom you’ve never met sharing their financial fortunes online. Quite a different matter to have somebody you’ve known personally most of your life (and like) open up like that and share their loss.

My only green today (5/12) is CLMAX + .28%.
TMSRX, HRSAX and some s/t bond funds are flat.

Recent news suggests that part of the problem may be with Tyson's stud roosters - higher quality but lower volume offspring.
https://www.cnn.com/2021/05/11/business/chicken-shortage-tyson-roosters/index.html
There's always Costco's loss leader $4.99 rotisserie chicken. Costco is large enough to raise its own chickens. But that comes with a dark side (opinion piece by Nicolas Kristof):

Many of us aren’t quite sure what rights animals should have, or how far to take this concern for animal well-being. We’re learning as we go, but most are willing to pay a bit more to avoid torturing animals, and that’s why fast-food restaurants make Better Chicken Commitments; it’s why Costco will eventually come around, too.

https://www.nytimes.com/2021/02/06/opinion/sunday/costco-chicken-animal-welfare.html

So the Schmeissing continues...
TTD whacked the other day...now today..Lemonade...LMND.
What could possible go wrong with co's of these ilk?...buying insurance on your phone via an app...with a company name that a child would come up with...are you sheeting me?
TTD takes a 25% hit and take a look at what the PE ratio still is...
This is beyond ridiculous. We need to clear the markets of this garbage similar to a morning constitiutional after eating a $2.00 burrito dinner special the night prior...
Baseball Fan

Remember these days?
Q: What was the interest rate on a savings account in 1980?
A: 19.5 percent
Since inflation was still high at more than 12 percent, the Federal Reserve hiked relentlessly between August and December of 1980, bringing the target fed funds rate back up to 19.5 percent.
Most investors today have no idea that interest rates can even go above 3%.

Not as bad as the afternoon in ‘87 when the Dow fell 27% during the short time I was driving home from work. Or as bad as the day in ‘08 when I happened upon an old HS buddy literally in tears because half his IRA had been wiped out in a few months by an investment in junk bonds he’d considered relatively safe.
Shucks, this kind of noise is normal and healthy for markets. Never invest $$ you will need anytime soon. Nobody’s to blame - unless you mean the charlatans who promise quick gains and would have you believe getting rich investing is so easy “even a cave man could do it.”
If you’ve been around the past half century or more, when it comes to investing, you’ve seen a thing or two.

Boy, that interview is not selling me on Bitcoin. First Saylor equates Bitcoin with the greatest technological innovations such as the automobile. The problem with that analysis is that the technology behind Bitcoin--blockchain--is not the same as Bitcoin itself just as the technology behind the automobile is not the same as the automobile manufacturing companies that produced automobiles. What he fails to recognize is that scores of auto manufacturers went out of business along the way in the development of the automobile--https://stacker.com/stories/5360/50-car-companies-no-longer-exist The automobile as a technology triumphed, but many car companies producing automobiles did not. Blockchain as a technology is interesting and has many potential applications outside of libertarian energy wasting fictitious currency. There is no reason to assume that Bitcoin will be the best example of that technology. And the idea that Bitcoin "offers the hope of a decent life to 8 billion people" is absurd. This is a market that rich--and I should add Caucasian guys like Saylor and Asian guys in China--are cornering and controlling without any regulatory oversight. The idea that they will provide a better more energy efficient digital currency than ordinary digital currency to 8 billion people is nonsense. Also, the idea that BItcoin miners are only using clean energy is a lie: https://smh.com.au/environment/climate-change/bitcoin-s-dirty-little-secret-it-s-not-easy-being-green-20210506-p57pki.html

So.... what happens if the market craters by 25-30-35-40-45%? Does that mean all the balance sheet expansion, Bailout, er handout for the rich last March as Lewis B would likely call it goes for naught?
So... is this the sheissefest referenced earlier or just a "healthy" pullback?
Just asking for a friend
Best,
Baseball fan

Yup, beef on Weck. I lived/worked for about 5 years in that ski resort town, about 90- minutes south of Buffalo. (Ellicottville.)

ZERO in the green today. Best were PTIAX and PRSNX, both down 2 cents/share.
Worst = PRIDX, down -1.21% on the day. Portfolio was down by -0.51%.

Made my first forray into anything crypto-related, buying a bunch of BFARF at $5 at the opem before it closed up nicely. Just got approved to list on the NASDAQ the other day, so I expect it will pop given retail interest and make for some nice cap gains once the ticker changes. This is a total spec play on my part -- the company is a Canadian-based crypto miner that looks pretty decent vs its peers, so ... we'll see what happens.
I don't own any cryptocurrency and think the proliferation of 'exchanges' is too crowded a field to figure out who's got an edge. But this 'mining' company at least I understand a bit and feel it's useful on the 'back end' of the crypto mania -- eg, crypto infrastructure -- and seems one of the better ones at that.

RLSFX +.70%, HMEAX +.15%, CLMAX +.09%