Fund Evaluator:
Bridges Investment Fund (BRGIX)
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Best Performing in Large Blend Over the Last Year
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Fund Details
Bridges Investment Fund Overview
Bridges Investment Fund (BRGIX) is an actively managed U.S. Equity Large Blend fund. Bridges launched the fund in 1963.
The investment seeks long-term capital appreciation, with a secondary objective of generating a modest amount of current income. The fund invests primarily in a diversified portfolio of common stocks, which fund management believes offers the potential for increased earnings and dividends over time. Normally, such equity securities will represent 60% or more of the fund's net assets. It may invest up to 15% of its total assets in U.S. dollar-denominated securities of foreign issuers traded on U.S. exchanges, and up to 20% of its total assets in American Depositary Receipts ("ADRs") traded on U.S. exchanges or in the U.S. over-the-counter market.
About Bridges Investment Fund (BRGIX)
There are 2 members of the management team with an average tenure of 2.17 years: Connor Pugno (2024), Jack Holmes (2024). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. Bridges Investment Fund has 39 securities in its portfolio. The top 10 holdings constitute 64.1% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Bridges Investment Fund is part of the Equity global asset class and is within the U.S. Equity fund group. Bridges Investment Fund has 0.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.1%. There is 0.6% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Bridges Investment Fund has 0.3% of the portfolio in cash.
Assets Under Management
The fund has $230 million in total assets, which is below the $6 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
BRGIX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Bridges Investment Fund expense ratio is above average compared to funds in the Large Blend category. Bridges Investment Fund has an expense ratio of 0.71%, which is 13% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Bridges Investment Fund has a portfolio turnover rate of 8%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.
Recently, in the month of July 2026, Bridges Investment Fund returned 5.0%, which earned it a grade of A, as the Large Blend category had an average return of 0.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Bridges Investment Fund has a trailing yield of 0.00%, which is below the 0.56% category average. The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Bridges Investment Fund Grades
Year to date, the fund has returned 6.5%, 2.8 percentage points worse than the category, which translates into a grade of F. The fund has returned 12.5% over the past year (grade of F), 16.6% over the past three years (grade of D) and 9.9% per year over the past five years (grade of D) and 14.5% per year over the past 10 years (grade of B).
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BRGIX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| BRGIX Return (NAV) | 5.0% | 5.9% | 12.5% | 16.6% | 9.9% | 14.5% |
| BRGIX Grade | A | A | F | D | D | B |
| +/- Category | 4.5% | 1.9% | -4.9% | -0.7% | -1.3% | 0.8% |
| Large Blend Avg | 0.4% | 4.1% | 17.5% | 17.3% | 11.1% | 13.7% |
| BRGIX Tax Cost Ratio | na | na | 2.4% | 1.8% | 1.7% | 1.2% |
BRGIX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| BRGIX Return (NAV) | 6.5% | 10.8% | 27.8% | 38.9% | -28.7% | 25.9% | 26.4% | 32.1% | -3.8% | 22.0% | 7.1% |
| BRGIX Grade | F | F | A | A | F | C | A | A | A | B | F |
| +/- Category | -2.8% | -5.0% | 5.7% | 15.2% | -11.5% | -0.6% | 8.9% | 2.3% | 2.1% | 0.7% | -3.1% |
| Large Blend Avg | 9.3% | 15.8% | 22.1% | 23.7% | -17.3% | 26.5% | 17.5% | 29.8% | -5.9% | 21.3% | 10.2% |
| Risk Measures | |
| Standard Deviation: | 14.3% |
| Total Risk Index: | 1.16 - Above Average |
| Category Risk Index: | 1.08 - High |
| Category Risk Grade: | F (89% Rank) |
| Beta: | 1.03 |
| R-Squared: | 89% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $230 Mil |
| Fund Total Assets: | $ 230 Mil |
| Share Class Type: | No Load |
| Portfolio Turnover: | 8% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 2.2 years | |||
| Average Tenure: 2.2 years | |||
| Managers (Year): Pugno Connor (2024), Holmes Jack (2024) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 39 |
| % in Top 10 Holdings: | 64.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.6% |
Portfolio Allocation |
|
| Domestic Stock: | 99.1% |
| Foreign Stock: | 0.6% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.3% |
Purchase Information
| Fund Family: | Bridges |
| Phone Number: | 866-934-4700 |
| Website: |
| Status: | Open |
| Inception Date: | July 1, 1963 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $1,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.71% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 0.81% |
| Share Class: | Bridges Investment Fund |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
