Top Multi-Factor Stocks

Last Updated: 2/14/2024

Our combined factor score ranks all stocks using a combination of value, momentum, quality, and low volatility. The stocks with the highest scores and the greatest consistency across the factors will receive the best rankings.

Top Multi-Factor Stocks

Ticker Price Market Cap
($mil)
ACGL $84.06 $31,369
ALSN $61.54 $5,507
ASC $16.41 $678
BRC $60.75 $2,936
CHKP $164.13 $19,202
DVA $113.60 $10,372
EME $242.75 $11,420
FINV $4.77 $1,336
GIB $111.49 $23,030
GL $125.47 $11,809
GNE $18.24 $500
GSK $41.39 $85,336
HMC $34.06 $62,552
J $143.06 $17,976
LOPE $130.24 $3,909
LRN $60.49 $2,624
NVS $99.06 $226,002
ORAN $11.42 $30,502
PHM $102.00 $21,635
PRDO $17.77 $1,167
RDY $74.76 $12,714
SAIC $130.03 $6,770
SFM $51.23 $5,203
SHEL $63.42 $203,698
SIGI $101.65 $6,164
SPOK $16.07 $321
STNG $67.44 $3,582
TK $8.12 $739
TNK $58.04 $1,979
TRV $215.95 $49,280
UVE $16.49 $481
VOD $8.29 $21,869
TNP $24.20 $714
TOL $100.03 $10,432
TIMB $18.35 $8,986
RS $289.07 $16,613
QLYS $169.79 $6,246
PRI $235.21 $8,240
PLAB $31.50 $1,972
NMIH $29.77 $2,414
LPG $35.48 $1,440
LEN $151.68 $42,244
MLI $48.05 $5,455
MSM $96.80 $5,460
MTG $19.15 $5,218
JBSS $100.76 $1,169
HIG $90.56 $27,032
GILD $73.53 $91,618
CNA $46.03 $12,469
CHE $571.74 $8,612
CALM $54.96 $2,692
CBZ $63.35 $3,157
AKAM $125.05 $18,861
AIZ $171.22 $9,005
APOG $53.54 $1,182
ARCH $170.06 $3,124
CB $246.82 $100,029
AZO $2,726.15 $47,140
BBSI $108.87 $720
COR $231.19 $46,118
CSCO $49.64 $201,711
DAC $75.45 $1,471
DHI $142.37 $47,241
GPOR $126.98 $2,316
FLT $268.75 $19,405
FI $143.58 $86,175
FCN $186.50 $6,623
IDCC $102.58 $2,637
INSW $52.35 $2,560
MFC $22.20 $40,123
LZB $37.14 $1,589
OC $147.04 $13,068
OFG $35.67 $1,679
NVO $119.99 $413,260
PCAR $105.19 $55,022
ORLY $1,039.26 $61,392
OSIS $131.93 $2,249
RGA $166.11 $10,948
RDN $27.95 $4,281
SXI $154.76 $1,837
SNA $262.09 $13,833
SKM $21.31 $8,548
WIT $5.98 $32,179
WTS $199.01 $6,632
TNET $111.68 $5,641
TTE $64.43 $155,772
VIV $10.79 $17,909
NTES $104.60 $67,462
LAUR $12.77 $2,010
IESC $92.35 $1,867
IBOC $51.94 $3,223
FRO $22.83 $5,082
DOX $87.89 $10,275
CTSH $75.50 $37,857
CNC $76.70 $40,995
CASH $51.05 $1,301
CACI $357.20 $7,960
AMR $380.22 $5,051
AMGN $290.48 $155,407
AMK $31.11 $2,310
WSO $384.17 $17,295
ACA $79.89 $3,895
AOS $79.25 $11,786
AYI $235.16 $7,247
CAH $104.36 $25,384
CASY $280.66 $10,415
CCEP $66.27 $30,439
CEIX $82.07 $2,430
BP $36.04 $102,930
CPA $97.48 $4,097
CWCO $29.83 $470
DSGX $86.25 $7,350
DECK $836.67 $21,476
GDDY $113.03 $15,952
GPK $24.35 $7,452
GIC $43.32 $1,649
EXP $240.39 $8,281
ELP $7.90 $5,865
INGR $108.38 $7,066
ITUB $6.81 $62,936
KBH $60.42 $4,584
KOF $97.04 $20,447
LYTS $13.74 $399
RMR $24.36 $772
WABC $44.74 $1,193
TPH $34.32 $3,331
STRL $79.50 $2,452
SU $31.58 $41,020
SLF $51.82 $30,298
TMHC $53.05 $5,700
VRTX $416.04 $107,214
UNM $48.02 $9,287
TW $101.49 $21,584
RCMT $28.44 $223
NWLI $483.52 $1,758
NOMD $17.20 $3,001
NAT $4.18 $873
NBIX $133.84 $13,318
KR $45.57 $32,784
MCK $504.77 $66,331
MTH $151.82 $5,534
MUFG $9.33 $116,528
ENSG $117.46 $6,656
EXPD $125.26 $18,211
FIX $237.74 $8,491
GRMN $121.12 $23,174
EC $11.65 $23,833
CSWI $219.09 $3,403
CLW $32.97 $546
CI $337.42 $98,697
AFL $78.06 $45,156
ALG $212.25 $2,550
CIG $2.20 $5,597
CDNS $294.33 $80,076
BMI $149.90 $4,399
BHE $28.99 $1,034
COST $714.25 $316,933
COKE $847.84 $7,947
CSL $343.73 $16,734
DQ $18.55 $1,451
GRBK $53.03 $2,406
FOR $31.75 $1,585
EQH $33.12 $11,055
EQNR $25.61 $76,417
MO $40.23 $70,944
MDLZ $71.98 $96,919
MAS $72.47 $15,926
MATX $120.18 $4,198
KNSL $412.08 $9,549
KHC $36.13 $44,315
JNPR $37.06 $11,930
IBN $24.25 $86,257
HWKN $64.21 $1,345
HSBC $38.65 $146,840
NSIT $189.21 $6,164
OTTR $89.18 $3,720
PJT $97.59 $2,366
TAP $61.29 $12,475
SNPS $548.53 $83,662
SPSC $193.11 $7,087
SRCE $49.19 $1,202
WSM $222.04 $14,243
WIRE $236.34 $3,729
WMT $169.14 $455,364
TPB $22.15 $390
UNH $516.85 $478,048
V $275.81 $554,093
ROCK $82.99 $2,526
RIO $66.65 $114,173
RSG $175.61 $55,253
OPRA $11.05 $980
PBR $16.96 $110,963
NVR $7,349.02 $23,479
MYRG $149.95 $2,506
NGG $63.70 $46,824
HUBB $352.62 $18,910
GWW $935.41 $46,428
ITT $119.62 $9,821
JJSF $146.63 $2,842
L $73.02 $16,225
LOGI $85.42 $14,699
MCD $287.11 $208,253
MUSA $391.78 $8,164
MSFT $406.32 $3,019,135
ETD $30.43 $773
FDX $236.39 $59,072
FERG $191.13 $38,797
E $30.86 $52,616
EG $368.16 $15,978
DHT $11.30 $1,819
BRO $80.95 $23,038
CENT $41.99 $2,530
BY $20.55 $898
ASX $9.35 $18,167
AX $51.81 $2,948
ANET $265.51 $82,600
ALKS $27.23 $4,544
AIT $182.08 $7,041
AMPH $54.75 $2,623
ADBE $601.89 $272,054
CIB $30.95 $7,787
BPOP $82.37 $5,943
CMG $2,599.14 $71,271
FICO $1,269.48 $31,549
FAST $68.92 $39,438
ESGR $271.04 $4,347
ELV $505.31 $118,727
FN $194.43 $7,059
FTV $82.52 $28,940
GOLF $65.20 $4,263
MLM $527.25 $32,588
MFG $3.63 $46,002
KT $14.09 $7,443
HCA $304.54 $81,513
IBM $183.70 $167,740
PFBC $68.91 $936
PLMR $59.43 $1,470
PSMT $79.01 $2,411
UMC $7.79 $19,210
TXRH $132.91 $8,876
TX $36.74 $7,212
VRSN $194.51 $19,704
VREX $16.99 $690
VEEV $213.93 $34,446
TNC $96.74 $1,807
TS $31.61 $18,736
TSM $127.55 $533,949
TT $269.37 $61,297
SYK $339.80 $129,103
STN $79.95 $9,122
WINA $373.62 $1,303
WTM $1,699.07 $4,350
WTW $270.86 $27,773
TMUS $161.48 $191,655
VCTR $34.90 $2,242
VSH $21.15 $2,926
UFPI $114.85 $7,099
WCN $156.55 $40,340
PLUS $73.96 $1,994
PG $156.27 $367,707
PERI $22.38 $1,053
OTIS $90.09 $36,527
NFLX $554.52 $239,974
NVGS $15.09 $1,106
HCC $59.56 $3,098
LOW $225.43 $129,648
META $460.12 $1,173,032
MHO $119.45 $3,327
MOH $394.33 $22,871
GMS $85.45 $3,402
FELE $95.59 $4,409
CLS $37.50 $4,468
CPLP $17.94 $987
CSTR $17.13 $355
EGO $10.85 $2,206
DPZ $421.50 $14,702
BTI $30.46 $68,009
BERY $57.98 $6,720
CHTR $292.65 $42,500
ADM $52.47 $27,987
AGX $45.16 $602
WOR $59.43 $2,971
YELP $43.29 $2,964
ARCO $11.99 $2,526
ASR $294.95 $8,828
ASO $68.01 $5,043
ATGE $49.63 $1,945
BBD $2.70 $27,787
DELL $83.98 $59,318
CTAS $605.96 $61,427
CTRA $24.08 $18,113
CNXN $64.13 $1,685
COLM $80.15 $4,850
EXLS $29.81 $4,916
EPAC $31.37 $1,698
GPN $136.07 $35,431
MRK $125.43 $317,842
MBWM $36.34 $582
LLY $742.97 $705,307
HAFC $14.92 $453
GSL $20.47 $720
HURN $101.45 $1,902
HVT $35.17 $573
HRB $47.01 $6,559
KFRC $65.81 $1,300
INVA $15.48 $992
NYT $44.17 $7,262
PKG $164.83 $14,773
PSO $11.77 $8,184
PRGS $54.98 $2,413
REYN $28.44 $5,973
REX $42.14 $738
ROL $43.85 $21,225
RRC $28.47 $6,870
USLM $254.35 $1,450
VNT $35.69 $5,508
T $16.90 $120,835
SWN $6.40 $7,049
SPNT $12.00 $2,011
WRB $80.94 $20,765
SPNS $27.64 $1,525
SSD $186.01 $7,938
SMP $40.05 $870
SMPL $35.46 $3,539
THR $26.52 $894
RPM $108.55 $13,989
POWL $147.74 $1,768
PAM $43.34 $3,613
INFY $19.86 $84,032
KAI $304.13 $3,560
HPQ $28.14 $27,884
HWM $61.98 $25,520
LULU $456.23 $55,238
MMSI $78.56 $4,537
MMC $196.47 $96,663
FUTU $47.98 $6,699
FTNT $69.40 $53,293
FNF $51.06 $13,896
ESE $97.51 $2,516
EVTC $40.04 $2,588
FBP $16.39 $2,775
FFIV $183.00 $10,762
CNQ $59.40 $64,383
CNX $19.46 $2,954
CVCO $353.75 $2,953
CSGS $52.50 $1,551
EBAY $41.13 $21,346
BBVA $9.86 $57,980
BRBR $58.42 $7,652
BMY $48.71 $99,113
BLD $384.47 $12,216
CAT $312.84 $159,262
ARCB $139.34 $3,297
AGYS $87.88 $2,404
AMAL $23.50 $720
ADP $249.59 $102,529
ABBV $173.29 $305,950
ABT $111.34 $193,293
WST $398.59 $29,492
ZTO $17.40 $13,782
AEM $44.98 $22,343
AXS $59.92 $5,110
CHCO $100.02 $1,480
BKE $38.15 $1,924
BLX $23.13 $845
BCC $135.53 $5,366
DT $52.06 $15,410
DBX $32.02 $11,071
CRVL $237.86 $4,066
CSX $36.61 $72,346
CNI $125.53 $80,424
FIZZ $48.20 $4,502
ETN $272.38 $108,761
G $35.08 $6,297
MNSO $16.30 $5,146
MPC $169.88 $62,516
MANH $245.75 $15,130
LII $432.59 $15,392
LDOS $121.28 $16,677
LECO $227.25 $12,999
ICFI $145.60 $2,740
HSII $28.89 $581
HLI $125.64 $8,683
JBL $138.60 $17,678
PANW $368.26 $116,112
OCSL $19.84 $1,567
NX $32.35 $1,071
NTCT $19.93 $1,416
NICE $218.04 $14,042
REVG $16.86 $1,007
QCRH $55.09 $923
PWR $206.84 $30,051
RGP $13.03 $437
SHOO $41.99 $3,133
SFL $12.02 $1,652
TTEK $175.66 $9,392
UVV $50.58 $1,243
UFPT $172.63 $1,319
WAFD $27.26 $1,765
YUM $131.21 $36,870
WPM $43.28 $19,619
WMK $59.41 $1,598
WMB $34.04 $41,410
TXT $86.00 $16,585
UNP $245.61 $149,768
VMC $237.12 $31,507
VALE $13.16 $60,426
TSEM $28.63 $3,153
TDC $38.22 $3,738
SLM $19.60 $4,318
SM $37.39 $4,326
SKX $59.06 $9,094
STZ $244.58 $44,708
SCS $12.52 $1,430
RGR $42.99 $762
RMBS $55.22 $5,937
RELX $41.03 $77,615
PRG $32.28 $1,444
PRMW $14.56 $2,347
PLXS $93.27 $2,575
PAYX $121.39 $43,679
ORI $28.58 $8,013
JKHY $172.61 $12,578
KFY $58.17 $3,056
HII $275.11 $10,892
HDSN $14.21 $647
HNI $41.34 $1,926
MSI $319.22 $52,980
MEDP $364.10 $11,172
ESNT $51.73 $5,514
CRC $52.46 $3,600
CTRE $22.55 $2,943
CX $7.60 $11,572
CVLG $52.44 $679
CVLT $91.52 $3,996
CFB $13.13 $648
CARS $18.65 $1,235
AXTA $30.65 $6,746
AVGO $1,251.65 $585,948
AON $312.54 $62,576
APH $103.08 $61,833
ACI $21.26 $12,247
WM $199.49 $80,350
YALA $4.71 $619
ABEV $2.54 $41,200
AGM $180.88 $1,899
ADUS $90.42 $1,466
CCOI $74.75 $3,635
BZH $28.97 $914
BUSE $22.41 $1,238
CHT $38.38 $30,042
AZZ $68.31 $1,713
BAH $144.40 $18,735
BCPC $140.58 $4,532
BLK $778.07 $115,748
BHC $8.41 $3,034
CRUS $88.83 $4,791
DD $66.84 $28,749
DEO $143.63 $80,445
EA $139.00 $37,162
FBIN $78.43 $9,890
EZPW $10.42 $575
EXEL $20.23 $6,134
GE $141.77 $154,293
FTDR $33.10 $2,635
FLEX $27.08 $11,405
GEN $21.36 $13,604
MRTN $19.46 $1,582
LMB $42.17 $464
LKQ $48.09 $12,869
HNRG $7.20 $239
HMY $5.47 $3,523
HSIC $73.25 $9,518
HUBG $44.81 $2,847
HSTM $26.89 $814
GTES $12.77 $3,375
KDP $30.92 $43,237
IPAR $145.80 $4,663
OSG $6.35 $460
PDD $129.04 $171,441
NIC $74.10 $1,104
NDSN $260.37 $14,871
NTAP $87.24 $17,974
ODFL $423.94 $46,258
RNGR $9.78 $239
SCSC $39.90 $1,004
SB $4.25 $474
SBAC $208.89 $22,537
SIG $102.69 $4,551
TGLS $46.64 $2,224
TEF $3.82 $22,174
TFX $247.95 $11,652
VST $44.20 $15,804
VRSK $244.93 $35,512
WLK $139.73 $17,905
WFRD $96.97 $7,013
XOM $101.34 $402,421
VRRM $22.07 $3,671
VGR $10.22 $1,594
ULTA $531.06 $25,789
WAB $136.40 $24,437
TEVA $12.92 $14,288
TGS $13.60 $1,497
SSNC $60.15 $14,888
SSTK $44.54 $1,591
SANM $58.82 $3,281
QSR $74.76 $23,763
NWSA $25.76 $14,939
NVT $62.21 $10,321
NVMI $153.23 $4,402
PANL $8.16 $379
PARR $39.42 $2,385
PATK $106.98 $2,368
PFG $79.26 $18,897
OSUR $6.98 $513
IDT $34.89 $878
KEYS $153.15 $26,751
JCI $54.74 $37,305
IBP $204.73 $5,816
HPE $15.23 $19,799
LHX $207.98 $39,421
MSCI $575.61 $45,526
MTD $1,157.56 $24,863
MGRC $128.58 $3,149
MDC $62.07 $4,634
GFI $13.05 $11,784
GNTX $34.77 $8,110
ENB $34.19 $72,671
DUK $91.61 $70,631
DKS $165.54 $13,532
DLB $78.04 $7,459
CUBI $51.24 $1,611
CMC $52.40 $6,099
BJ $67.68 $9,027
BNL $15.41 $2,886
BDX $239.07 $69,068
AZN $61.03 $187,348
AXP $209.67 $151,774
CHRD $155.76 $6,430
CATY $38.69 $2,811
ADSK $256.76 $54,925
AAPL $185.04 $2,857,366
ANF $116.85 $5,890
AY $18.55 $2,155
ATKR $142.89 $5,254
ZBH $123.16 $25,738
ATR $135.93 $8,974
ACIW $30.01 $3,263
ACN $362.81 $241,817
AGCO $112.83 $8,449
AMAT $180.31 $150,029
ALV $107.75 $8,905
ALL $158.58 $41,627
AMN $76.42 $2,888
BV $8.16 $770
CLH $179.49 $9,708
CDW $237.47 $31,812
BANF $85.22 $2,807
BANR $43.26 $1,486
BLDR $182.18 $22,471
BNTX $90.58 $21,532
CNOB $19.54 $754
CRAI $105.76 $740
CTVA $53.63 $37,637
DFIN $61.99 $1,804
DGX $127.86 $14,192
DDS $404.93 $6,569
DE $379.27 $106,192
ENR $30.14 $2,164
ERIE $349.47 $18,274
FULT $14.80 $2,424
GEF $61.54 $2,874
FWRD $40.41 $1,245
MDT $83.59 $111,146
MBIN $38.75 $1,676
MA $460.46 $430,070
LXU $7.73 $575
KO $59.35 $256,595
HIBB $71.29 $839
OTEX $39.08 $10,631
OZK $41.60 $4,706
PAGS $12.89 $4,249
ONB $15.60 $4,565
PTC $177.81 $21,258
REGN $940.48 $103,229
SATS $12.55 $3,406
SAIA $555.00 $14,734
SHW $307.21 $78,635
STBA $30.82 $1,178
SIRI $4.77 $18,329
TEX $55.11 $3,015
TDG $1,122.26 $62,405
TMO $538.60 $208,100
UBS $27.05 $94,144
URI $636.88 $42,793
VTS $20.69 $596
WELL $87.27 $48,301
TME $9.63 $16,526
TSCO $233.32 $25,225
TRNS $106.87 $944
SXC $10.99 $920
TEL $140.74 $43,460
SMLR $46.41 $319
SP $51.31 $1,016
SCI $69.75 $10,305
SBSI $29.52 $893
RLI $139.88 $6,384
ROP $535.42 $57,195
PSX $145.16 $63,864
PXD $226.81 $52,988
PNR $73.88 $12,212
PAG $150.35 $10,106
ORCL $113.68 $312,497
PEBO $27.64 $974
PBH $66.56 $3,305
NEU $585.11 $5,611
NNN $39.72 $7,248
GSM $4.98 $933
JILL $25.05 $266
KTB $61.28 $3,443
LBRT $19.56 $3,260
LYG $2.02 $33,325
LSTR $191.84 $6,896
MCRI $68.60 $1,308
MCHP $80.67 $43,593
MTRN $119.70 $2,471
GD $267.22 $73,213
FUL $76.18 $4,130
FMBH $30.20 $720
FMC $51.49 $6,424
GPI $274.65 $3,763
GIS $62.93 $35,737
EQT $34.10 $14,026
ENS $87.93 $3,554
FFBC $21.54 $2,049
FCFS $117.73 $5,311
DAKT $7.42 $343
DINO $58.76 $10,557
DY $112.78 $3,309
EIG $42.27 $1,087
CW $228.91 $8,754
CPB $41.73 $12,440
BBAR $5.35 $1,651
CAAP $15.04 $2,420
AMWD $89.16 $1,429
ZTS $183.49 $84,243
ZYME $11.28 $790
ATO $111.75 $16,856
ALX $217.37 $1,110
AJG $236.32 $51,234
AFG $120.62 $10,088
AER $76.73 $16,122
ACT $26.87 $4,291
ABM $39.83 $2,504
CBT $79.84 $4,426
CCRN $19.88 $699
CCS $85.91 $2,730
CCK $73.53 $8,871
CE $145.51 $15,840
CHK $76.43 $10,018
BK $53.89 $40,921
CPRX $13.18 $1,550
COP $109.77 $129,320
CUBE $42.92 $9,651
DOV $159.83 $22,360
DAVA $66.00 $2,760
EXPE $134.84 $18,377
FANG $165.60 $29,640
ELF $167.86 $9,317
EOG $111.03 $64,747
EW $86.26 $51,868
EVR $180.50 $6,800
GGG $87.54 $14,776
GPC $142.41 $19,965
GDEN $38.13 $1,091
GABC $31.49 $932
GATX $125.24 $4,446
LGND $71.00 $1,238
LH $223.33 $18,961
JHX $34.18 $15,233
JPM $174.26 $503,787
HLT $190.11 $47,938
HON $194.01 $127,901
HWC $42.19 $3,635
NBTB $33.70 $1,587
NYCB $4.59 $3,314
PCTY $166.06 $9,354
PDCO $27.86 $2,582
PSTG $42.71 $13,495
PSA $276.64 $48,643
PVH $127.30 $7,592
R $118.51 $5,253
RY $94.70 $132,906
SNDR $24.09 $4,251
SMCI $791.49 $44,271
STNE $17.02 $5,330
TBBK $42.74 $2,293
WTFC $93.29 $5,713
WRLD $132.38 $805
TAK $14.34 $46,092
SYY $79.14 $39,398
THO $116.08 $6,190
TOWN $26.68 $1,998
STRA $95.20 $2,324
SSB $78.96 $6,006
SIMO $67.55 $2,257
SJM $127.62 $13,546
SNY $45.75 $116,736
UGP $5.82 $6,673
SCVL $28.54 $774
SCCO $78.03 $60,325
SHG $32.73 $17,174
PM $89.19 $138,464
PHG $20.04 $18,484
OLED $177.84 $8,422
OMAB $73.08 $3,155
ODP $52.30 $1,955
NXST $164.34 $5,576
NOW $773.76 $158,621
ICE $134.41 $76,965
HOV $155.27 $961
HST $19.17 $13,523
HTBK $8.02 $490
HLF $11.80 $1,170
HD $357.59 $355,896
HAE $71.70 $3,641
KGC $4.96 $6,074
JAKK $33.00 $332
ITW $251.72 $75,214
IIIN $34.75 $676
IRM $67.02 $19,569
LPLA $257.80 $19,246
KRNY $6.38 $411
MNST $56.16 $58,431
MGEE $64.25 $2,324
FLS $41.29 $5,418
GO $26.02 $2,583
GGB $4.13 $7,293
GFF $66.42 $3,384
GMAB $26.43 $17,712
ERF $15.68 $3,201
ERIC $5.21 $17,865
EPRT $24.20 $3,776
FBMS $23.91 $751
FC $38.88 $517
DHR $241.53 $178,473
DRD $6.90 $620
CRK $7.35 $2,046
CPRT $49.23 $47,272
BBY $72.90 $15,702
Performance Disclaimer: Returns presented on Validea.com are model returns and do not represent actual trading. As a result, they do not incorporate any commissions or other trading costs or fees. Model portfolios with inception dates on or after 12/30/2005 include a combination of back tested and live model returns. The back-tested performance results shown are hypothetical and are not the result of real-time management of actual accounts. The back-testing of performance differs from actual account performance because the investment strategy may be adjusted at any time, for any reason and can continue to be changed until desired or better performance results are achieved. Back-tested returns are presented to provide general information regarding how the underlying strategy behind the portfolio performed in our historical testing. A back-tested strategy has the benefit of hindsight and the results do not reflect the impact that material economic or market factors may have had on advisor's decision-making if actual client assets were being managed using this approach. The model portfolios offered on Validea are concentrated and as a result they will exhibit high levels of volatility and their performance can be substantially impacted by the performance of individual positions.

Optimal portfolios presented on Validea.com represent the rebalancing period that has led to the best historical performance for each of our equity models. Each optimal portfolio was determined after the fact with performance information that was not available at portfolio inception. As a result, an investor could not have invested in the optimal portfolio since its inception. Optimal portfolios are presented to allow investors to quickly determine the portfolio size and rebalancing period that has performed best for each of our models in our historical testing.

Both the model portfolio and benchmark returns presented for all equity portfolios on Validea.com are not inclusive of dividends. Returns for our ETF portfolios and trend following system, and the benchmarks they are compared to, are inclusive of dividends. The S&P 500 is presented as a benchmark because it is the most widely followed benchmark of the overall US market and is most often used by investors for return comparison purposes. As with any investment strategy, there is potential for profit as well as the possibility of loss and investors may incur a loss despite a past history of gains. Past performance does not guarantee future results. Results will vary with economic and market conditions.

Validea.com is a research provider that is owned and operated by The Reese Group, LLC. Validea.com offers model portfolios, screening and stock analysis that is not customized to any individual. No information on Validea.com should be construed as investment advice. Validea Capital Management is a separate investment advisory firm registered with the state of Connecticut. Validea Capital offers investment management services directly to clients and is a separate entity from The Reese Group, LLC. The Reese Group and Validea Capital are affiliated entities and share partial common ownership.