EA Bridgeway Blue Chip ETF (BBLU) is an actively managed exchange-traded fund that seeks long-term total return on capital, primarily through capital appreciation from blue-chip stocks and some dividend income. Issued by Empowered Funds, LLC (dba EA Advisers) and sub-advised by Bridgeway Capital Management, LLC, the fund invests at least 80% of its net assets in blue-chip stocks of the largest 150 U.S. companies by market capitalization, typically holding around 35 securities selected via a proprietary model-driven statistical approach that emphasizes industry diversification and excludes tobacco companies; the process incorporates material environmental, social, and governance (ESG) factors from third-party research as one consideration among several. Listed on NYSE Arca with a net expense ratio of 0.15%, BBLU targets institutional and retail investors seeking exposure to established large-cap U.S. equities in the large blend category, with operations focused exclusively on the U.S. market.
The fund resulted from the October 2022 reorganization of Bridgeway Funds, Inc.'s Blue Chip Fund (launched July 31, 1997) into the ETF structure, adopting its predecessor's performance history, management team—including co-chief investment officers John Montgomery (since 1997) and Elena Khoziaeva (since 2005), Christine L. Wang (since 2013), and Andrew L. Berkin (since June 2024)—and low portfolio turnover of 6% as of June 30, 2024. Headquartered through its adviser in Pennsylvania and sub-adviser in Texas, BBLU maintains assets under management of approximately $353 million, with top holdings as of recent data including names like Chevron Corp., Visa Inc., and United Parcel Service Inc., representing about 35.5% in the top 10 positions. No major acquisitions, funding rounds, partnerships, or new product launches have been reported in the last 1-2 years, with ongoing emphasis on its statistical selection model amid strong Morningstar 5-star ratings across 3-, 5-, and 10-year periods ending September 30, 2025.