The Bridges Investment Fund is a general equity fund whose primary investment objective is to seek long-term capital appreciation, with a secondary objective of a moderate amount of investment income. Click here to view the Fund Fact Sheet.
The Fund’s equity investment process focuses on identifying companies which have superior revenue, earnings, dividend, and free cash flow growth and above-average profit margins, profitability and balance sheet quality.
Historically, the Fund has tended to primarily own larger companies, although at any time, the Fund may own small, medium, or large capitalization companies. Normally, equity securities of U.S. companies will represent 60% or more of the Fund’s assets. The Fund’s secondary investment objective is the generation of a moderate amount of investment income.
The Fund may acquire investment grade corporate bonds, debentures, U.S. Treasury bonds and notes and preferred stocks. Normally, such fixed-income securities will not constitute more than 40% of the Fund’s portfolio.
Average Annual Total Returns by Quarter, as of 06/30/2023
| Fund Name | 3 Month | YTD | 1 YR | 3 YR | 5 YR | 10 YR | Inception* |
| Bridges Investment Fund | 14.13% | 27.27% | 22.94% | 12.07% | 11.75% | 12.15% | 7.95% |
| S&P 500 Stock Index | 8.74% | 16.89% | 19.59% | 14.60% | 12.31% | 12.86% | N/A |
*Inception Date: 07/01/1963
Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. Fund performance current to the most recent month-end may be obtained by calling 866-934-4700.
TOP TEN HOLDINGS AS OF: 06/30/2023
| COMPANY NAME | PERCENT |
| APPLE INC. | 10.6% |
| ALPHABET INC. | 9.5% |
| MICROSOFT CORP. | 8.7% |
| AMAZON COM INC. | 6.4% |
| MASTERCARD INCORPORATED | 5.3% |
| NVIDIA CORPORATION | 4.4% |
| OLD DOMINION FREIGHT LINE INC. COM | 3.8% |
| VISA INC. | 3.8% |
| PALO ALTO NETWORKS INC. | 3.5% |
| UNITEDHEALTH GROUP INC. | 3.1% |
FUND FACTS AS OF: 06/30/2023
| Symbol | BRGIX |
| Cusip | 74316P652 |
| Dividend Policy | Quarterly |
| Inception Date | 07/01/1963 |
| Minimum Investment | $1,000 |
| Manager Tenure | Over 26 years |
| Total Fund Assets | $202.4 million |
| Total # Stocks | 41 |
| Total # Fixed Income | 1 |
| Turnover Ratio | 12.87% |
| Expense Ratio | 0.75% |
| Sales Charge | None |
| Redemption Fee | None |
The Bridges Investment Fund is offered only to United States residents, and information on this site is intended only for such persons. Nothing on this web site should be considered a solicitation to buy or an offer to sell shares of the Bridges Investment Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.
Mutual fund investing involves risk. Principal loss is possible. Small and medium capitalization companies tend to have limited liquidity and greater price volatility than large capitalization companies. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for long-term debt securities. The Bridges Fund invests in foreign securities, which involves greater volatility and political, economic and currency risks and differences in accounting methods.
Fund holdings are subject to change and are not a recommendation to buy or sell any securities.
While the fund is no-load, management fees and other expenses still apply. Please refer to the prospectus for further details.
Free Cash Flow: A measure of the cash produced by the firm in a given period on behalf of equity holders. The true measure of the value of a firm’s equity is considered to be the present value of all free cash flows.
The S&P 500 Index is a broad-based unmanaged index of 500 stocks, which is widely recognized as representative of the equity market in general. One cannot invest directly in an index.