Bridgeway Funds NPORT-P Omni Small-Cap Value Fund (Mar 2024 report)

Omni

Small-Cap

Value

Fund

Schedule

of

Investments

(Unaudited)

1

Showing

percentage

of

net

assets

as

of

March

31,

2024

bridgewayfunds.com

Industry

Company

Shares

Value

.

Common

Stocks

-

99.78%

Communication

Services

-

5.26%

AdTheorent

Holding

Co.,

Inc.*

40,500

$

130,005

Advantage

Solutions,

Inc.*+

1,350,000

5,845,500

AMC

Networks,

Inc.,

Class A*

173,500

2,104,555

ATN

International,

Inc.

50,600

1,594,153

comScore,

Inc.*

15,000

231,000

Consolidated

Communications

Holdings,

Inc.*

299,000

1,291,680

Creative

Realities,

Inc.*

10,000

37,700

Cumulus

Media,

Inc.,

Class A*

43,700

156,883

EchoStar

Corp.,

Class A*+

335,930

4,787,002

Entravision

Communications

Corp.,

Class A

339,800

557,272

Gaia,

Inc.*

77,000

237,160

Gannett

Co.,

Inc.*

797,700

1,946,388

Gray

Television,

Inc.

380,000

2,401,600

Harte

Hanks,

Inc.*

7,700

57,596

Liberty

Latin

America,

Ltd.,

Class A*

180,000

1,254,600

Liberty

Latin

America,

Ltd.,

Class C*

776,500

5,427,735

Marcus

Corp.

(The)

193,000

2,752,180

Outbrain,

Inc.*

66

261

Saga

Communications,

Inc.,

Class A

31,761

708,588

Scholastic

Corp.

146,750

5,533,942

Sinclair,

Inc.+

284,746

3,835,529

Sphere

Entertainment

Co.*+

170,000

8,343,600

Telephone

and

Data

Systems,

Inc.

468,800

7,510,176

Thryv

Holdings,

Inc.*

148,000

3,290,040

Townsquare

Media,

Inc.,

Class A

129,900

1,426,302

United

States

Cellular

Corp.*

125,400

4,577,100

Urban

One,

Inc.*

151,800

309,672

WideOpenWest,

Inc.*

100,600

364,172

66,712,391

Consumer

Discretionary

-

14.26%

1-800-Flowers.com,

Inc.,

Class A*+

141,400

1,531,362

Aaron's

Co.,

Inc.

(The)

94,900

711,750

Abercrombie

&

Fitch

Co.,

Class A*

47,000

5,890,510

AMCON

Distributing

Co.

2,450

450,800

Industry

Company

Shares

Value

Consumer

Discretionary

(continued)

American

Axle

&

Manufacturing

Holdings,

Inc.*

614,996

$

4,526,371

American

Outdoor

Brands,

Inc.*

49,500

435,600

American

Public

Education,

Inc.*

61,100

867,620

AMMO,

Inc.*

656,200

1,804,550

Ark

Restaurants

Corp.

8,500

119,340

Bally's

Corp.*+

105,000

1,463,700

Bassett

Furniture

Industries,

Inc.

21,900

323,244

Beazer

Homes

USA,

Inc.*

147,500

4,838,000

Big

5

Sporting

Goods

Corp.

113,700

400,224

Biglari

Holdings,

Inc.,

Class B*

6,200

1,176,016

Caleres,

Inc.

25,000

1,025,750

Carrols

Restaurant

Group,

Inc.

125,000

1,188,750

Cato

Corp.

(The),

Class A

63,700

367,549

Century

Casinos,

Inc.*

67,400

212,984

Chegg,

Inc.*

409,800

3,102,186

China

Automotive

Systems,

Inc.*

146,350

519,543

Citi

Trends,

Inc.*

33,400

906,142

Clarus

Corp.

114,400

772,200

Container

Store

Group,

Inc.

(The)*

54,650

62,301

Crown

Crafts,

Inc.

75,850

386,835

Dana,

Inc.

531,600

6,751,320

Delta

Apparel,

Inc.*

42,100

125,879

Designer

Brands,

Inc.,

Class A+

269,500

2,945,635

Destination

XL

Group,

Inc.*

169,544

610,358

Duluth

Holdings,

Inc.,

Class B*

98,300

481,670

El

Pollo

Loco

Holdings,

Inc.*

158,300

1,541,842

Escalade,

Inc.

1,500

20,625

Ethan

Allen

Interiors,

Inc.

3,500

120,995

Flanigan's

Enterprises,

Inc.

14,000

358,044

Flexsteel

Industries,

Inc.

20,159

751,931

Foot

Locker,

Inc.

255,000

7,267,500

Genesco,

Inc.*

45,000

1,266,300

GigaCloud

Technology,

Inc.,

Class A*

178,700

4,774,864

G-III

Apparel

Group,

Ltd.*

232,500

6,744,825

Good

Times

Restaurants,

Inc.*

106,000

261,820

Hamilton

Beach

Brands

Holding

Co.,

Class A

22,000

535,920

Omni

Small-Cap

Value

Fund

Schedule

of

Investments

(Unaudited)

(continued)

2

Showing

percentage

of

net

assets

as

of

March

31,

2024

Quarterly

Report

|

March

31,

2024

(Unaudited)

Industry

Company

Shares

Value

Common

Stocks

(continued)

Consumer

Discretionary

(continued)

Haverty

Furniture

Cos.,

Inc.

82,400

$

2,811,488

Hibbett,

Inc.

60,900

4,677,729

Hooker

Furnishings

Corp.

51,000

1,224,510

Hovnanian

Enterprises,

Inc.,

Class A*

23,500

3,688,090

JAKKS

Pacific,

Inc.*

62,300

1,538,810

Johnson

Outdoors,

Inc.,

Class A

1,959

90,329

Kandi

Technologies

Group,

Inc.*

135,700

287,684

Lands'

End,

Inc.*

25,100

273,339

Landsea

Homes

Corp.*

214,729

3,120,012

Latham

Group,

Inc.*

325,000

1,287,000

La-Z-Boy,

Inc.

166,000

6,244,920

Legacy

Housing

Corp.*

43,331

932,483

Lifetime

Brands,

Inc.

72,650

761,372

Lincoln

Educational

Services

Corp.*

11,000

113,630

Live

Ventures,

Inc.*

15,550

419,384

Lulu's

Fashion

Lounge

Holdings,

Inc.*

25,000

35,000

M/I

Homes,

Inc.*

88,200

12,020,778

MarineMax,

Inc.*

89,000

2,960,140

MasterCraft

Boat

Holdings,

Inc.*

51,600

1,223,952

Motorcar

Parts

of

America,

Inc.*

4,121

33,133

Movado

Group,

Inc.

84,200

2,351,706

ODP

Corp.

(The)*

174,000

9,230,700

OneWater

Marine,

Inc.,

Class A*

4,900

137,935

Patrick

Industries,

Inc.

90,000

10,752,300

Perdoceo

Education

Corp.

352,879

6,196,555

Rocky

Brands,

Inc.

18,200

493,766

Sally

Beauty

Holdings,

Inc.*

327,448

4,066,904

Shoe

Carnival,

Inc.

104,500

3,828,880

Smith

&

Wesson

Brands,

Inc.

59,400

1,031,184

Snap

One

Holdings

Corp.*

2,000

17,240

Solo

Brands,

Inc.,

Class A*+

477,000

1,035,090

Sportsman's

Warehouse

Holdings,

Inc.*

76,300

237,293

Standard

Motor

Products,

Inc.

81,600

2,737,680

Strattec

Security

Corp.*

12,012

285,045

Superior

Group

of

Cos.,

Inc.+

38,000

627,760

Tilly's,

Inc.,

Class A*

101,600

690,880

Traeger,

Inc.*

497,300

1,258,169

Unifi,

Inc.*

54,273

325,095

Industry

Company

Shares

Value

Consumer

Discretionary

(continued)

Universal

Technical

Institute,

Inc.*

221,400

$

3,529,116

Vera

Bradley,

Inc.*

130,600

888,080

Vista

Outdoor,

Inc.*

267,191

8,758,521

VOXX

International

Corp.*

62,100

506,736

Weyco

Group,

Inc.

31,500

1,004,220

Winnebago

Industries,

Inc.+

128,981

9,544,594

180,922,087

Consumer

Staples

-

3.48%

Andersons,

Inc.

(The)

160,438

9,204,328

B&G

Foods,

Inc.+

217,000

2,482,480

Dole

PLC

477,500

5,696,575

Fresh

Del

Monte

Produce,

Inc.

226,477

5,868,019

HF

Foods

Group,

Inc.*

13,826

48,391

Ingles

Markets,

Inc.,

Class A

85,301

6,540,881

Mannatech,

Inc.

8,400

71,820

Natural

Alternatives

International,

Inc.*

18,100

110,229

Natural

Grocers

by

Vitamin

Cottage,

Inc.

81,100

1,463,855

Nature's

Sunshine

Products,

Inc.*

6,593

136,937

Seneca

Foods

Corp.,

Class A*

25,900

1,473,710

SpartanNash

Co.

161,946

3,272,929

United

Natural

Foods,

Inc.*

216,000

2,481,840

Village

Super

Market,

Inc.,

Class A

50,750

1,451,957

Weis

Markets,

Inc.

49,825

3,208,730

Whole

Earth

Brands,

Inc.*

150,000

724,500

44,237,181

Energy

-

12.07%

Adams

Resources

&

Energy,

Inc.

20,500

594,500

Amplify

Energy

Corp.*

174,600

1,154,106

Archrock,

Inc.

137,346

2,701,596

Ardmore

Shipping

Corp.

216,400

3,553,288

Barnwell

Industries,

Inc.

15,500

36,580

Berry

Corp.

453,400

3,649,870

Bristow

Group,

Inc.*

111,033

3,020,098

Crescent

Energy

Co.,

Class A+

820,155

9,759,844

Delek

US

Holdings,

Inc.

332,000

10,205,680

DMC

Global,

Inc.*

80,000

1,559,200

Dorian

LPG,

Ltd.+

211,300

8,126,598

Epsilon

Energy,

Ltd.

90,000

494,550

Omni

Small-Cap

Value

Fund

Schedule

of

Investments

(Unaudited)

(continued)

3

Showing

percentage

of

net

assets

as

of

March

31,

2024

bridgewayfunds.com

Industry

Company

Shares

Value

Common

Stocks

(continued)

Energy

(continued)

Forum

Energy

Technologies,

Inc.*

28,900

$

577,422

FutureFuel

Corp.

170,300

1,370,915

Geospace

Technologies

Corp.*

6,700

88,373

Gran

Tierra

Energy,

Inc.*+

75,000

535,500

Gulf

Island

Fabrication,

Inc.*

10,000

73,500

Gulfport

Energy

Corp.*

44,600

7,141,352

Hallador

Energy

Co.*

255,000

1,359,150

Mammoth

Energy

Services,

Inc.*

185,000

673,400

NACCO

Industries,

Inc.,

Class A

41,945

1,266,739

Natural

Gas

Services

Group,

Inc.*

114,752

2,229,631

NCS

Multistage

Holdings,

Inc.*

10,000

160,100

Oil

States

International,

Inc.*

319,400

1,967,504

Overseas

Shipholding

Group,

Inc.,

Class A

593,300

3,797,120

Par

Pacific

Holdings,

Inc.*

247,400

9,168,644

PHX

Minerals,

Inc.

63,800

217,558

PrimeEnergy

Resources

Corp.*

41

4,110

ProPetro

Holding

Corp.*

480,000

3,878,400

Ranger

Energy

Services,

Inc.

113,850

1,285,366

REX

American

Resources

Corp.*

90,900

5,336,739

Ring

Energy,

Inc.*

774,500

1,518,020

RPC,

Inc.+

812,000

6,284,880

SandRidge

Energy,

Inc.

100,550

1,465,014

SEACOR

Marine

Holdings,

Inc.*+

26,390

367,877

Select

Water

Solutions,

Inc.

381,300

3,519,399

SFL

Corp.,

Ltd.

761,000

10,029,980

Smart

Sand,

Inc.*

195,200

372,832

Solaris

Oilfield

Infrastructure,

Inc.,

Class A

68,593

594,701

Talos

Energy,

Inc.*+

608,400

8,475,012

Teekay

Corp.*

590,000

4,295,200

Teekay

Tankers,

Ltd.,

Class A

172,000

10,046,520

US

Energy

Corp.

27,000

29,160

US

Silica

Holdings,

Inc.*

360,000

4,467,600

VAALCO

Energy,

Inc.

472,200

3,291,234

Vital

Energy,

Inc.*+

129,500

6,803,930

Industry

Company

Shares

Value

Energy

(continued)

World

Kinect

Corp.

210,600

$

5,570,370

153,119,162

Financials

-

32.08%

1st

Source

Corp.

85,000

4,455,700

Acacia

Research

Corp.*+

45,000

239,850

ACNB

Corp.+

51,400

1,932,640

AFC

Gamma,

Inc.+

65,800

814,604

Affinity

Bancshares,

Inc.*

31,500

521,325

Alerus

Financial

Corp.

80,200

1,750,766

Amalgamated

Financial

Corp.

129,930

3,118,320

A-Mark

Precious

Metals,

Inc.

10,000

306,900

Ambac

Financial

Group,

Inc.*

250,000

3,907,500

American

National

Bankshares,

Inc.

25,000

1,194,000

AmeriServ

Financial,

Inc.

118,000

306,800

Ames

National

Corp.

1,008

20,341

Associated

Capital

Group,

Inc.,

Class A+

1,000

32,710

Atlanticus

Holdings

Corp.*+

1,610

47,640

Auburn

National

BanCorp,

Inc.

12,000

231,000

Banc

of

California,

Inc.

267,463

4,068,112

Banco

Latinoamericano

de

Comercio

Exterior

SA,

Class E

133,400

3,951,308

Bank

of

Marin

Bancorp

15,047

252,338

Bank

of

NT

Butterfield

&

Son,

Ltd.

(The)

25,000

799,750

Bank

of

the

James

Financial

Group,

Inc.

13,000

134,680

Bank7

Corp.

51,500

1,452,300

BankFinancial

Corp.

44,100

463,050

BankUnited,

Inc.

189,764

5,313,392

Bankwell

Financial

Group,

Inc.

15,000

389,100

Banner

Corp.

111,127

5,334,096

Bar

Harbor

Bankshares

50,966

1,349,580

BayCom

Corp.

38,313

789,631

BCB

Bancorp,

Inc.

60,400

631,180

Berkshire

Hills

Bancorp,

Inc.

115,000

2,635,800

BM

Technologies,

Inc.*

20,500

33,825

Bread

Financial

Holdings,

Inc.

195,500

7,280,420

Bridgewater

Bancshares,

Inc.*

47,500

552,900

Brookline

Bancorp,

Inc.

250,000

2,490,000

Omni

Small-Cap

Value

Fund

Schedule

of

Investments

(Unaudited)

(continued)

4

Showing

percentage

of

net

assets

as

of

March

31,

2024

Quarterly

Report

|

March

31,

2024

(Unaudited)

Industry

Company

Shares

Value

Common

Stocks

(continued)

Financials

(continued)

Business

First

Bancshares,

Inc.

72,800

$

1,621,984

Byline

Bancorp,

Inc.

120,800

2,623,776

C&F

Financial

Corp.

13,600

666,400

California

BanCorp*

30,000

660,000

Cambridge

Bancorp

18,000

1,226,880

Camden

National

Corp.

49,100

1,645,832

Capital

Bancorp,

Inc.

76,950

1,602,869

Capital

City

Bank

Group,

Inc.

37,172

1,029,664

Capitol

Federal

Financial,

Inc.

325,000

1,937,000

Carter

Bankshares,

Inc.*

85,685

1,083,058

CB

Financial

Services,

Inc.

20,400

441,048

Central

Pacific

Financial

Corp.

67,000

1,323,250

Central

Valley

Community

Bancorp

55,000

1,093,950

CF

Bankshares,

Inc.

19,000

379,430

Chemung

Financial

Corp.

19,500

828,360

ChoiceOne

Financial

Services,

Inc.+

28,500

779,475

Citizens

Community

Bancorp,

Inc.

52,500

637,875

Citizens

Financial

Services,

Inc.+

2,424

119,261

Citizens,

Inc.*+

79,500

170,130

Civista

Bancshares,

Inc.

42,523

654,004

CNB

Financial

Corp.

64,300

1,311,077

Coastal

Financial

Corp.*

6,500

252,655

Codorus

Valley

Bancorp,

Inc.

56,622

1,288,717

Colony

Bankcorp,

Inc.

50,010

575,115

Community

Trust

Bancorp,

Inc.

60,000

2,559,000

Community

West

Bancshares

57,000

882,360

ConnectOne

Bancorp,

Inc.

105,846

2,063,997

Consumer

Portfolio

Services,

Inc.*+

153,150

1,157,814

CrossFirst

Bankshares,

Inc.*

184,100

2,547,944

Customers

Bancorp,

Inc.*

79,591

4,223,098

Dime

Community

Bancshares,

Inc.

105,112

2,024,457

Donegal

Group,

Inc.,

Class A

123,000

1,739,220

Eagle

Bancorp

Montana,

Inc.

21,000

269,640

Eagle

Bancorp,

Inc.

58,070

1,364,064

Encore

Capital

Group,

Inc.*

97,600

4,451,536

Industry

Company

Shares

Value

Financials

(continued)

Enova

International,

Inc.*

105,407

$

6,622,722

Enterprise

Bancorp,

Inc.

39,375

1,022,569

Enterprise

Financial

Services

Corp.

110,400

4,477,824

Equity

Bancshares,

Inc.,

Class A

91,000

3,127,670

ESSA

Bancorp,

Inc.

44,700

814,881

Evans

Bancorp,

Inc.+

8,000

238,880

EZCORP,

Inc.,

Class A*

416,200

4,715,546

Farmers

National

Banc

Corp.

83,589

1,116,749

FB

Financial

Corp.

136,600

5,144,356

Federal

Agricultural

Mortgage

Corp.,

Class C

26,600

5,237,008

Financial

Institutions,

Inc.

50,000

941,000

Finwise

Bancorp*

30,700

308,535

First

Bancshares,

Inc.

(The)

79,400

2,060,430

First

Bank

85,230

1,171,060

First

Busey

Corp.

184,000

4,425,200

First

Business

Financial

Services,

Inc.

45,400

1,702,500

First

Capital,

Inc.

15,035

436,015

First

Commonwealth

Financial

Corp.

273,800

3,811,296

First

Community

Corp.

35,000

610,050

First

Financial

Bancorp

237,000

5,313,540

First

Financial

Corp.

39,362

1,508,745

First

Financial

Northwest,

Inc.

17,882

367,654

First

Guaranty

Bancshares,

Inc.

27,472

278,841

First

Internet

Bancorp

25,000

868,500

First

Merchants

Corp.

190,600

6,651,940

First

Mid

Bancshares,

Inc.

51,500

1,683,020

First

National

Corp.

33,800

549,588

First

Northwest

Bancorp

30,287

473,992

First

of

Long

Island

Corp.

(The)

52,900

586,661

First

Savings

Financial

Group,

Inc.

14,300

239,525

First

United

Corp.

29,176

668,422

First

US

Bancshares,

Inc.

6,468

59,894

Flushing

Financial

Corp.

90,997

1,147,472

FNCB

Bancorp,

Inc.

185,700

1,127,199

Franklin

Financial

Services

Corp.

30,700

804,340

FS

Bancorp,

Inc.

39,000

1,353,690

FVCBankcorp,

Inc.*

42,499

517,638

Great

Southern

Bancorp,

Inc.

10,000

548,200

Green

Dot

Corp.,

Class A*

115,000

1,072,950

Omni

Small-Cap

Value

Fund

Schedule

of

Investments

(Unaudited)

(continued)

5

Showing

percentage

of

net

assets

as

of

March

31,

2024

bridgewayfunds.com

Industry

Company

Shares

Value

Common

Stocks

(continued)

Financials

(continued)

Guild

Holdings

Co.,

Class A

227,001

$

3,348,265

Hanmi

Financial

Corp.

98,100

1,561,752

Hanover

Bancorp,

Inc.

924

13,694

HarborOne

Bancorp,

Inc.

112,400

1,198,184

Hawthorn

Bancshares,

Inc.

28,404

580,294

Heartland

Financial

USA,

Inc.

119,700

4,207,455

Hennessy

Advisors,

Inc.

7,000

48,300

Heritage

Commerce

Corp.

132,464

1,136,541

Heritage

Financial

Corp.

122,500

2,375,275

Heritage

Insurance

Holdings,

Inc.*

97,100

1,034,115

Hilltop

Holdings,

Inc.

50,000

1,566,000

HMN

Financial,

Inc.

31,800

670,980

Home

Bancorp,

Inc.

30,494

1,168,225

HomeTrust

Bancshares,

Inc.

44,100

1,205,694

Hope

Bancorp,

Inc.

370,800

4,267,908

Horace

Mann

Educators

Corp.

108,100

3,998,619

Horizon

Bancorp,

Inc.

127,667

1,637,968

Independent

Bank

Corp.

88,100

2,233,335

Independent

Bank

Group,

Inc.

14,950

682,468

Investar

Holding

Corp.

43,000

703,480

Investors

Title

Co.

5,494

896,566

James

River

Group

Holdings,

Ltd.

125,000

1,162,500

Kearny

Financial

Corp.

206,462

1,329,615

Lakeland

Bancorp,

Inc.

40,654

491,913

Landmark

Bancorp,

Inc.

17,707

341,391

LCNB

Corp.+

58,600

934,084

LendingTree,

Inc.*

15,000

635,100

loanDepot,

Inc.,

Class A*

912,664

2,363,800

Logan

Ridge

Finance

Corp.

12,600

283,122

MainStreet

Bancshares,

Inc.

36,000

653,760

Mercantile

Bank

Corp.

47,300

1,820,577

Merchants

Bancorp

167,211

7,220,171

Mercury

General

Corp.

94,500

4,876,200

Meridian

Corp.

43,800

434,496

Metrocity

Bankshares,

Inc.

9,291

231,903

Metropolitan

Bank

Holding

Corp.*

21,400

823,900

Mid

Penn

Bancorp,

Inc.

26,603

532,326

Middlefield

Banc

Corp.+

34,000

811,920

Midland

States

Bancorp,

Inc.

113,700

2,857,281

MidWestOne

Financial

Group,

Inc.

59,260

1,389,054

Industry

Company

Shares

Value

Financials

(continued)

MVB

Financial

Corp.

32,600

$

727,306

National

Western

Life

Group,

Inc.,

Class A

3,600

1,771,056

Navient

Corp.

450,000

7,830,000

Nicolet

Bankshares,

Inc.

18,170

1,562,438

NMI

Holdings,

Inc.,

Class A*

95,800

3,098,172

Northeast

Community

Bancorp,

Inc.

53,139

835,876

Northfield

Bancorp,

Inc.

97,300

945,756

Northrim

BanCorp,

Inc.

30,800

1,555,708

Northwest

Bancshares,

Inc.

413,200

4,813,780

Oak

Valley

Bancorp

40,000

991,200

OceanFirst

Financial

Corp.

160,123

2,627,618

Ocwen

Financial

Corp.*

42,501

1,147,952

Ohio

Valley

Banc

Corp.

15,700

383,865

Old

Point

Financial

Corp.

17,300

294,792

Old

Second

Bancorp,

Inc.

132,603

1,835,226

OP

Bancorp

91,900

917,162

Oportun

Financial

Corp.*

112,500

273,375

Oppenheimer

Holdings,

Inc.,

Class A

54,493

2,175,361

Origin

Bancorp,

Inc.

92,522

2,890,387

Orrstown

Financial

Services,

Inc.

31,600

845,932

Parke

Bancorp,

Inc.+

50,099

862,955

Pathfinder

Bancorp,

Inc.

10,200

128,010

Pathward

Financial,

Inc.

15,181

766,337

Patriot

National

Bancorp,

Inc.*

18,500

67,710

PCB

Bancorp

58,600

956,938

Peapack-Gladstone

Financial

Corp.

43,894

1,067,941

Penns

Woods

Bancorp,

Inc.+

33,229

644,975

Peoples

Bancorp

of

North

Carolina,

Inc.

27,617

769,133

Peoples

Bancorp,

Inc.

152,470

4,514,637

Peoples

Financial

Services

Corp.+

22,900

987,219

Pioneer

Bancorp,

Inc.*

82,600

810,306

Plumas

Bancorp

2,000

73,580

Preferred

Bank

20,833

1,599,349

Premier

Financial

Corp.

120,300

2,442,090

Primis

Financial

Corp.

31,600

384,572

Princeton

Bancorp,

Inc.

34,480

1,061,294

PROG

Holdings,

Inc.

34,500

1,188,180

Provident

Bancorp,

Inc.*+

54,600

496,860

Provident

Financial

Holdings,

Inc.

26,600

355,908

Omni

Small-Cap

Value

Fund

Schedule

of

Investments

(Unaudited)

(continued)

6

Showing

percentage

of

net

assets

as

of

March

31,

2024

Quarterly

Report

|

March

31,

2024

(Unaudited)

Industry

Company

Shares

Value

Common

Stocks

(continued)

Financials

(continued)

Provident

Financial

Services,

Inc.

182,731

$

2,662,391

QCR

Holdings,

Inc.

61,000

3,705,140

RBB

Bancorp

65,883

1,186,553

Red

River

Bancshares,

Inc.+

200

9,958

Regional

Management

Corp.

56,100

1,358,181

Renasant

Corp.

203,280

6,366,730

Republic

Bancorp,

Inc.,

Class A

49,362

2,517,462

Rhinebeck

Bancorp,

Inc.*

30,000

253,500

Richmond

Mutual

BanCorp,

Inc.

25,000

278,000

Riverview

Bancorp,

Inc.

119,500

564,040

S&T

Bancorp,

Inc.

149,601

4,799,200

Sandy

Spring

Bancorp,

Inc.

96,400

2,234,552

SB

Financial

Group,

Inc.

35,490

489,052

Security

National

Financial

Corp.,

Class A*

48,672

384,996

Shore

Bancshares,

Inc.

117,844

1,355,206

Sierra

Bancorp

53,000

1,070,600

Simmons

First

National

Corp.,

Class A

103,000

2,004,380

SiriusPoint,

Ltd.*

697,100

8,860,141

SmartFinancial,

Inc.

56,500

1,190,455

Sound

Financial

Bancorp,

Inc.

10,000

401,700

South

Plains

Financial,

Inc.

99,700

2,667,972

Southern

First

Bancshares,

Inc.*

27,038

858,727

Southern

Missouri

Bancorp,

Inc.

11,000

480,810

Southern

States

Bancshares,

Inc.

35,000

907,200

Southside

Bancshares,

Inc.

10,000

292,300

Stewart

Information

Services

Corp.

103,814

6,754,139

Summit

Financial

Group,

Inc.+

65,515

1,779,387

Summit

State

Bank

21,000

227,850

SWK

Holdings

Corp.*

58,405

1,017,415

Territorial

Bancorp,

Inc.

30,000

241,800

Third

Coast

Bancshares,

Inc.*

58,000

1,161,160

Timberland

Bancorp,

Inc.

47,900

1,289,468

Tiptree,

Inc.

177,200

3,062,016

Towne

Bank

120,600

3,384,036

TriCo

Bancshares

15,900

584,802

TrustCo

Bank

Corp.

NY

46,680

1,314,509

Industry

Company

Shares

Value

Financials

(continued)

Trustmark

Corp.

200,500

$

5,636,055

Union

Bankshares,

Inc.

139

4,240

United

Bancorp,

Inc.

17,000

245,990

United

Fire

Group,

Inc.

53,100

1,155,987

United

Security

Bancshares

50,000

385,500

Unity

Bancorp,

Inc.+

43,867

1,210,729

Universal

Insurance

Holdings,

Inc.

110,117

2,237,577

Univest

Financial

Corp.

133,179

2,772,787

US

Global

Investors,

Inc.,

Class A

48,500

134,830

Velocity

Financial,

Inc.*+

156,650

2,819,700

Veritex

Holdings,

Inc.

139,380

2,855,896

Virtus

Investment

Partners,

Inc.

14,732

3,653,241

WaFd,

Inc.

282,752

8,208,291

Washington

Trust

Bancorp,

Inc.

45,000

1,209,600

Waterstone

Financial,

Inc.

67,000

815,390

WesBanco,

Inc.

134,000

3,994,540

Western

New

England

Bancorp,

Inc.

67,500

517,725

Westwood

Holdings

Group,

Inc.

26,452

325,889

World

Acceptance

Corp.*

20,100

2,914,098

407,085,680

Health

Care

-

3.60%

AdaptHealth

Corp.*

505,000

5,812,550

American

Shared

Hospital

Services*

8,500

25,075

Avanos

Medical,

Inc.*

158,417

3,154,082

Aytu

BioPharma,

Inc.*

1,500

4,560

Bioventus,

Inc.,

Class A*

225,000

1,170,000

CareCloud,

Inc.*

29,200

33,872

Carisma

Therapeutics,

Inc.*+

154,900

351,623

Cross

Country

Healthcare,

Inc.*

157,500

2,948,400

Enhabit,

Inc.*

184,300

2,147,095

FONAR

Corp.*

18,600

397,296

Fulgent

Genetics,

Inc.*

52,708

1,143,764

Great

Elm

Group,

Inc.*

4,500

8,640

Innoviva,

Inc.*+

289,190

4,407,256

Multiplan

Corp.*

2,485,100

2,015,913

Ocuphire

Pharma,

Inc.*

80,400

161,604

OraSure

Technologies,

Inc.*

200,000

1,230,000

Owens

&

Minor,

Inc.*

293,600

8,135,656

Omni

Small-Cap

Value

Fund

Schedule

of

Investments

(Unaudited)

(continued)

7

Showing

percentage

of

net

assets

as

of

March

31,

2024

bridgewayfunds.com

Industry

Company

Shares

Value

Common

Stocks

(continued)

Health

Care

(continued)

Pediatrix

Medical

Group,

Inc.*

265,000

$

2,657,950

ProPhase

Labs,

Inc.*+

5,000

32,350

SCYNEXIS,

Inc.*

186,000

273,420

Spero

Therapeutics,

Inc.*

50,000

86,000

Vanda

Pharmaceuticals,

Inc.*

175,100

719,661

Varex

Imaging

Corp.*

100

1,810

Vir

Biotechnology,

Inc.*

295,200

2,990,376

Voyager

Therapeutics,

Inc.*

138,000

1,284,780

XBiotech,

Inc.*+

20,000

162,600

Zymeworks,

Inc.*

406,900

4,280,588

45,636,921

Industrials

-

15.19%

ACCO

Brands

Corp.

481,300

2,700,093

Air

Industries

Group*

9

42

Air

Transport

Services

Group,

Inc.*

252,500

3,474,400

Allegiant

Travel

Co.+

85,200

6,407,892

Alpha

Pro

Tech,

Ltd.*

24,124

150,534

American

Woodmark

Corp.*

83,400

8,478,444

ARC

Document

Solutions,

Inc.

301,700

835,709

Avalon

Holdings

Corp.,

Class A*

16,900

37,689

AZZ,

Inc.

59,600

4,607,676

BlueLinx

Holdings,

Inc.*

45,000

5,860,800

BrightView

Holdings,

Inc.*

454,500

5,408,550

Caesarstone,

Ltd.*

68,500

280,165

CBAK

Energy

Technology,

Inc.*

360,000

374,400

Civeo

Corp.

77,255

2,074,297

Commercial

Vehicle

Group,

Inc.*

128,600

826,898

CompX

International,

Inc.

1,000

34,300

Concrete

Pumping

Holdings,

Inc.*

313,000

2,472,700

Conduent,

Inc.*

784,200

2,650,596

Costamare,

Inc.

570,400

6,474,040

Covenant

Logistics

Group,

Inc.

85,400

3,959,144

Deluxe

Corp.

187,000

3,850,330

Eagle

Bulk

Shipping,

Inc.

43,600

2,723,692

Eastern

Co.

(The)

19,601

668,198

Enviri

Corp.*

352,580

3,226,107

Genco

Shipping

&

Trading,

Ltd.

230,900

4,694,197

Golden

Ocean

Group,

Ltd.

738,400

9,569,664

Greenbrier

Cos.,

Inc.

(The)

151,500

7,893,150

Industry

Company

Shares

Value

Industrials

(continued)

Greenland

Technologies

Holding

Corp.*

5,000

$

11,050

Heartland

Express,

Inc.

268,000

3,199,920

Hurco

Cos.,

Inc.

19,560

394,330

JELD-WEN

Holding,

Inc.*

381,200

8,092,876

JetBlue

Airways

Corp.*+

800,000

5,936,000

Kaman

Corp.

14,310

656,400

Kelly

Services,

Inc.,

Class A

139,383

3,490,150

Limbach

Holdings,

Inc.*

3,000

124,260

LS

Starrett

Co.

(The),

Class A*

3,600

57,204

Manitowoc

Co.,

Inc.

(The)*

146,550

2,072,217

Mastech

Digital,

Inc.*

1,000

9,000

Masterbrand,

Inc.*

570,000

10,681,800

Mayville

Engineering

Co.,

Inc.*

97,810

1,401,617

MillerKnoll,

Inc.

322,000

7,972,720

Mistras

Group,

Inc.*

137,050

1,310,198

NL

Industries,

Inc.

66,962

490,832

NN,

Inc.*

137,500

651,750

Northwest

Pipe

Co.*+

50,000

1,734,000

Orion

Group

Holdings,

Inc.*

65,422

536,460

PAM

Transportation

Services,

Inc.*

94,220

1,527,306

Pangaea

Logistics

Solutions,

Ltd.

296,300

2,065,211

Park-Ohio

Holdings

Corp.

484

12,913

Perma-Pipe

International

Holdings,

Inc.*

14,000

110,600

Preformed

Line

Products

Co.

1,000

128,670

Proto

Labs,

Inc.*

54,800

1,959,100

Quad/Graphics,

Inc.

306,500

1,627,515

Quanex

Building

Products

Corp.

126,700

4,869,081

Radiant

Logistics,

Inc.*

175,250

949,855

Resources

Connection,

Inc.

135,500

1,783,180

Safe

Bulkers,

Inc.

542,100

2,688,816

Servotronics,

Inc.*

1,500

20,625

SkyWest,

Inc.*

186,000

12,848,880

Steelcase,

Inc.,

Class A

345,000

4,512,600

Sun

Country

Airlines

Holdings,

Inc.*

198,800

2,999,892

Titan

International,

Inc.*

308,500

3,843,910

TrueBlue,

Inc.*

79,550

995,966

Tutor

Perini

Corp.*

275,000

3,976,500

Universal

Logistics

Holdings,

Inc.

115,189

4,247,018

V2X,

Inc.*

26,000

1,214,460

Omni

Small-Cap

Value

Fund

Schedule

of

Investments

(Unaudited)

(continued)

8

Showing

percentage

of

net

assets

as

of

March

31,

2024

Quarterly

Report

|

March

31,

2024

(Unaudited)

Industry

Company

Shares

Value

Common

Stocks

(continued)

Industrials

(continued)

Willis

Lease

Finance

Corp.*

35,400

$

1,756,548

192,695,137

Information

Technology

-

4.99%

Adeia,

Inc.

481,800

5,261,256

Alpha

&

Omega

Semiconductor,

Ltd.*

109,544

2,414,350

AXT,

Inc.*

73,600

337,824

Benchmark

Electronics,

Inc.

7,385

221,624

Cleanspark,

Inc.*+

275,000

5,832,750

Comtech

Telecommunications

Corp.*

91,200

312,816

Daktronics,

Inc.*

211,100

2,102,556

Data

Storage

Corp.*

2,266

12,962

E2open

Parent

Holdings,

Inc.*

769,600

3,417,024

Eastman

Kodak

Co.*

273,000

1,351,350

Key

Tronic

Corp.*

2,000

9,320

Methode

Electronics,

Inc.

111,000

1,351,980

NCR

Voyix

Corp.*

525,000

6,630,750

NETGEAR,

Inc.*

103,400

1,630,618

NetScout

Systems,

Inc.*

202,400

4,420,416

Photronics,

Inc.*

206,050

5,835,336

Richardson

Electronics,

Ltd.

15,000

138,150

ScanSource,

Inc.*

100,000

4,404,000

SigmaTron

International,

Inc.*

2,000

7,260

Synchronoss

Technologies,

Inc.*

2,000

16,700

Taitron

Components,

Inc.,

Class A

10,000

32,200

Trio-Tech

International*

21,800

138,648

TTM

Technologies,

Inc.*

490,653

7,678,719

WidePoint

Corp.*

11,000

28,490

Xerox

Holdings

Corp.+

542,500

9,710,750

63,297,849

Materials

-

6.59%

AdvanSix,

Inc.

145,700

4,167,020

Alto

Ingredients,

Inc.*

252,000

549,360

Ascent

Industries

Co.*

39,525

402,760

Caledonia

Mining

Corp.

PLC

9,200

101,844

Clearwater

Paper

Corp.*

91,650

4,007,855

Core

Molding

Technologies,

Inc.*

37,900

717,447

Friedman

Industries,

Inc.

11,500

215,510

Industry

Company

Shares

Value

Materials

(continued)

Intrepid

Potash,

Inc.*

56,856

$

1,186,016

Koppers

Holdings,

Inc.

80,100

4,419,117

Kronos

Worldwide,

Inc.+

35,800

422,440

Mativ

Holdings,

Inc.

165,000

3,093,750

Mercer

International,

Inc.

276,150

2,747,692

Metallus,

Inc.*

259,000

5,762,750

Olympic

Steel,

Inc.

67,267

4,767,885

Pactiv

Evergreen,

Inc.

712,643

10,205,048

Radius

Recycling,

Inc.,

Class A

124,900

2,639,137

Ramaco

Resources,

Inc.,

Class A

41,400

697,176

Ranpak

Holdings

Corp.*

296,000

2,329,520

Rayonier

Advanced

Materials,

Inc.*

96,091

459,315

Ryerson

Holding

Corp.

177,800

5,956,300

SunCoke

Energy,

Inc.

497,700

5,609,079

Tronox

Holdings

PLC+

673,000

11,676,550

Universal

Stainless

&

Alloy

Products,

Inc.*

40,000

896,800

Valhi,

Inc.

96,527

1,658,334

Warrior

Met

Coal,

Inc.

146,992

8,922,414

83,611,119

Real

Estate

-

2.26%

AMREP

Corp.*

52,000

1,208,480

Anywhere

Real

Estate,

Inc.*

557,800

3,447,204

Forestar

Group,

Inc.*

224,800

9,034,712

Newmark

Group,

Inc.,

Class A

705,000

7,818,450

Opendoor

Technologies,

Inc.*

2,100,000

6,363,000

RE/MAX

Holdings,

Inc.,

Class A

91,400

801,578

Transcontinental

Realty

Investors,

Inc.*

1,400

52,710

28,726,134

TOTAL

COMMON

STOCKS

-

99.78%

1,266,043,661

(Cost

$979,707,985)

.

Preferred

Stock

-

0.00%

Air

T

Funding,

8.00%+

221

3,834

TOTAL

PREFERRED

STOCK

-

0.00%

3,834

(Cost

$4,597)

Omni

Small-Cap

Value

Fund

Schedule

of

Investments

(Unaudited)

(continued)

9

Showing

percentage

of

net

assets

as

of

March

31,

2024

bridgewayfunds.com

Industry

Company

Shares

Value

.

Rights

-

0.01%

Pineapple

Holdings,

Inc.,

CVR*

∆

#+++

5,000

$

1,850

Resolute

Forest

Products,

Inc.,

CVR,

expiring

12/31/49*

∆

#

335,500

97,295

TOTAL

RIGHTS

-

0.01%

99,145

(Cost

$

—

)

^

Rate^

B

Shares

B

Value

.

Money

Market

Fund

-

0.17%

Fidelity

Investments

Money

Market

Government

Portfolio

Class

I

5.21%

2,113,841

2,113,841

TOTAL

MONEY

MARKET

FUND

-

0.17%

2,113,841

(Cost

$2,113,841)

.

Investments

Purchased

With

Cash

Proceeds

From

Securities

Lending

-

1.45%

Dreyfus

Institutional

Preferred

Government

Money

Market

Fund**

5.27%

18,385,656

18,385,656

TOTAL

INVESTMENTS

PURCHASED

WITH

CASH

PROCEEDS

FROM

SECURITIES

LENDING

-

1.45%

18,385,656

(Cost

$18,385,656)

TOTAL

INVESTMENTS

-

101.41%

$

1,286,646,137

(Cost

$1,000,212,079)

Liabilities

in

Excess

of

Other

Assets

-

(1.41%)

(17,854,488)

NET

ASSETS

-

100.00%

$

1,268,791,649

*

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,

2024.

^

Rate

disclosed

as

of

March

31,

2024.

∆

Security

was

fair

valued

using

significant

unobservable

inputs.

As

such,

the

security

is

classified

as

Level

3

in

the

fair

value

hierarchy.

#

Illiquid

security

as

determined

under

procedures

approved

by

the

Board

of

Directors.

The

aggregate

value

of

illiquid

securities

is

$99,145,

which

is

0.01%

of

total

net

assets.

+

This

security

or

a

portion

of

the

security

is

out

on

loan

as

of

March

31,

2024.

Total

loaned

securities

had

a

value

of

$53,850,524

as

of

March

31,

2024.

+++

No

stated

maturity

date.

CVR

-

Contingent

Value

Right

PLC

-

Public

Limited

Company

Omni

Small-Cap

Value

Fund

Schedule

of

Investments

(Unaudited)

(continued)

10

Quarterly

Report

|

March

31,

2024

(Unaudited)

Summary

of

inputs

used

to

value

the

Fund’s

investments

as

of

3/31/2024:

Valuation

Inputs

Investment

in

Securities

(Value)

Level

1

Quoted

Prices

Level

2

Significant

Observable

Inputs

Level

3

Significant

Unobservable

Inputs

Total

Common

Stocks

(a)

$

1,266,043,661

$

–

$

–

$

1,266,043,661

Preferred

Stock

3,834

–

–

3,834

Rights

–

–

99,145

99,145

Money

Market

Fund

2,113,841

–

–

2,113,841

Investments

Purchased

With

Cash

Proceeds

From

Securities

Lending

18,385,656

–

–

18,385,656

TOTAL

$1,286,546,992

$–

$99,145

$1,286,646,137

(a)

-

Please

refer

to

the

Schedule

of

Investments

for

the

industry

classifications

of

these

portfolio

holdings.

Following

is

a

reconciliation

of

Level

3

investments

for

which

significant

unobservable

inputs

were

used

to

determine

fair

value:

Investment

in

Securities

(Value)

Rights

Balance

as

of

06/30/2023

$

97,295

Purchases/Issuances

–

Sales/Expirations

–

Return

of

Capital

–

Realized

Gain/(Loss)

–

Change

in

unrealized

Appreciation/(Depreciation)

1,850

Transfers

in

–

Transfers

out

–

Balance

as

of

03/31/2024

$

99,145

Net

change

in

unrealized

Appreciation/(Depreciation)

from

investments

held

as

of

03/31/2024

$

1,850