Mutual funds from Bridgeway tend to be attractive because:
 

Bridgeway is one of the most ethically operated organizations we've ever seen.  They are obsessive about operating in an ethical fashion.  This is refreshingly evidenced by:   Their honest commentary in official reports and statements.  As an example, see their investment philosophy.   Their code of ethics.  How many other mutual fund companies even have a code of ethics, let alone one that really means something and which they really abide by?   Their CEO's lack of greed.  John Montgomery, Bridgeway's founder, CEO, and portfolio manager, deliberately keeps his total compensation extremely low by any standard: for the period 1995-2006, his average salary was $284,411/year.  In fact, he instituted a rule that nobody in the company (including himself) could earn more than seven times the salary of the lowest-paid employee.   Their relatively low fees.

Bridgeway has some very innovative funds.  In particular, they have the smallest-cap passively managed small-cap fund available.

This is the kind of company we like dealing with.  However, their product offerings are unfortunately quite limited — we are currently recommending only two of their funds.

For more information on Bridgeway, see:
 

	Bridgeway's website.
	"Quant with a Conscience" an article from Financial Advisor in 2006.
	"Standard bearer: Bridgeway Funds founder Montgomery takes a high road" an interview from CBS Market Watch in 2004.
	"Bridgeway founder wins with integrity," an article from USA Today in 2003.
	"Behind Bridgeway's Coke Formula (and Why "Ultra Small" is the Real Thing): Interview with John Montgomery," an article from Small Cap Manager in 2003.
	"Who Says Nice Guys Finish Last?  Fund Manager John Montgomery cares about his shareholders, and it shows," an article from Business Week in 2003.
	"Bridgeway's Montgomery 'Indexes' the Market's Smallest Companies," an article from Indexfunds.com in 2003.
	"Engineered Success," an article from Investment Advisor magazine in 2003.
	"One of a Kind: The eccentric Bridgeway boutique is one of 'the fund world's best-kept secrets'," an article from Money magazine in 2001.
	An on-line Q&A session with John Montgomery from Morningstar in 2001 (you may have to register for free to read it).
	"Bridgeway Capital," an article from TheStreet.com in 1998 which tells how Bridgeway would have been the top scoring mutual fund company in its survey of which mutual fund companies are most shareholder-friendly.  Bridgeway didn't make it onto the list because it was too small a company.  Smaller, but better, apparently.