ETF filings: Bridgeway amends N-1A for emerging markets ETF

The news: Bridgeway ETF Trust, based in Houston, filed Pre-Effective Amendment No. 3 to its Form N-1A registration statement on July 20, 2026. The amendment covers the Bridgeway Emerging Markets Core Equity ETF, the only series of the trust. The prospectus is dated July 22, 2026, and the fund is expected to list on Cboe under the ticker BEMC. The trust was formed as a Delaware statutory trust on November 6, 2025.

Why it matters: These ETF filings are the last public stage before a fund can begin trading, and this one sets out the cost and the method in detail. The fund charges a unitary management fee of 0.70%. After 0.01% in acquired fund fees, total annual operating expenses come to 0.71%, which the prospectus translates into $73 over one year and $227 over three years on a $10,000 investment. Under a unitary fee, the adviser, Bridgeway Capital Management, pays most ordinary operating costs. The fund itself still bears brokerage, tax, litigation, acquired fund and extraordinary expenses.

By the numbers:

• 0.70% management fee; 0.71% total annual operating expenses
• $73 one-year and $227 three-year cost on a $10,000 example
• At least 80% of net assets in emerging markets equities
• $100,000 seed capital for 10,000 shares at $10.00, as of May 29, 2026

The big picture: The fund is actively managed and does not try to replicate an index. It uses the MSCI Emerging Markets Investable Market Index (Net Return USD) as the basis for defining its universe and for judging country and sector weights. Within that frame, which spans large, mid and small companies, it ranks stocks on value, quality and investor sentiment, with weights that vary by a company’s capital intensity. Environmental, social and governance scores from MSCI are used for a subset the filing puts at under 5% of potential holdings. Bridgeway Capital Management oversees the portfolio, and Vident Asset Management serves as sub-adviser. Vident’s fee is paid by Bridgeway out of the unitary fee, at 0.05% on the first $250 million of assets, 0.045% on the next $250 million and 0.04% beyond that, subject to a $50,000 annual minimum.

What’s next: The fund cannot sell shares to the public until the registration statement becomes effective and the listing is approved. Details such as the website and final trading arrangements are still left blank in the document. As with any new ETF, only authorized participants will create and redeem shares in large blocks, and retail investors will buy and sell on the exchange. Whether a further amendment follows will show up in the next N-1A/A or in the 485BPOS that typically accompanies a launch.