Highest Scoring Multi-Factor Stocks

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.

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Stocks With Highest Combined Scores Using Value, Momentum, Quality, and Low Volatility

Ticker Price Market Cap
($mil)
ALL $91.69 $28,636
BIIB $266.80 $42,238
CACI $212.20 $5,326
CBZ $24.04 $1,315
CHE $488.23 $7,772
CHKP $121.00 $16,964
CMCL $17.65 $214
DG $214.32 $53,373
DOX $57.29 $7,621
GIB $66.04 $15,194
HELE $201.82 $5,117
HPQ $19.35 $26,577
MCK $154.23 $25,015
MRK $79.21 $200,341
PGR $94.39 $55,256
REGN $575.73 $61,253
SFM $20.85 $2,459
SNE $74.60 $94,266
TKC $5.19 $4,564
TSCO $137.02 $15,925
WERN $41.73 $2,883
TMO $481.99 $190,670
STC $42.14 $1,126
SJM $115.63 $13,190
RCII $32.30 $1,739
RIO $59.90 $99,923
QLYS $96.73 $3,796
NGHC $33.92 $3,847
NVO $70.88 $128,323
NYT $42.00 $7,004
MNST $80.56 $42,487
MTH $96.34 $3,623
NEM $60.54 $48,671
MBT $8.32 $8,384
LOGI $89.09 $15,485
HLI $63.25 $4,413
HUM $441.16 $58,361
INTC $53.90 $229,237
EXPD $94.27 $15,805
FCN $109.61 $4,011
DPZ $391.74 $15,435
DVA $90.68 $11,429
EBAY $52.29 $36,597
CSCO $38.82 $164,342
CSWI $83.95 $1,235
CHL $32.66 $133,421
CENT $41.17 $2,088
BHP $51.73 $120,995
AIZ $124.59 $7,432
ATVI $80.77 $62,344
VRTX $210.08 $54,719
AMGN $227.98 $133,526
ADBE $483.60 $231,992
BBY $117.46 $30,402
DHR $233.98 $165,988
DECK $247.72 $6,941
GRMN $99.04 $18,940
INFY $15.35 $65,090
JNJ $145.08 $381,970
JOUT $85.34 $861
MANT $68.70 $2,771
MSCI $347.63 $29,075
MMS $66.99 $4,107
NVS $84.41 $208,827
RS $110.74 $7,061
SPWH $14.21 $620
UNH $325.73 $309,553
SPSC $85.43 $3,001
SSD $95.77 $4,164
TGT $159.60 $79,899
TROW $146.36 $33,222
ROCK $67.16 $2,178
PFE $37.43 $207,994
MKTX $567.37 $21,544
MRTN $16.38 $1,354
NDAQ $130.09 $21,368
HD $281.16 $302,656
EXPO $73.85 $3,812
FAF $46.75 $5,214
CTXS $126.65 $15,645
ABBV $84.31 $148,793
ALXN $119.67 $26,228
AJG $107.76 $20,633
WAT $221.98 $13,746
WSO $227.97 $8,805
ASR $121.18 $3,661
ANTM $305.17 $76,752
BABA $306.28 $828,682
BIG $51.10 $2,006
BLK $635.18 $96,863
BMI $76.39 $2,224
BRO $46.64 $13,190
CHD $90.99 $22,503
CTSH $73.38 $39,790
COST $375.75 $165,791
EIG $33.10 $969
FELE $62.65 $2,894
GSK $35.09 $87,923
FTNT $128.16 $20,740
IX $63.81 $16,644
JAZZ $151.18 $8,384
MSGN $9.74 $556
PG $141.45 $350,740
POOL $350.26 $14,037
ODFL $196.16 $23,016
RSG $91.77 $29,228
SCL $115.05 $2,579
TTGT $46.79 $1,288
TX $21.02 $4,214
TYL $399.01 $16,056
STE $188.19 $16,006
WST $279.41 $20,632
VRSN $207.86 $23,873
UMC $5.84 $14,295
SNPS $225.17 $34,172
STN $30.21 $3,373
SF $61.61 $4,224
RMD $182.82 $26,492
RELX $21.42 $41,557
PYPL $203.93 $239,410
NFLX $485.23 $213,994
ORCL $59.69 $179,497
MSFT $214.89 $1,625,176
LSTR $131.43 $5,044
LLY $141.65 $135,484
JBSS $76.25 $673
JKHY $157.81 $12,045
GRBK $17.38 $880
FFIV $127.33 $7,789
FIX $55.51 $2,025
FN $63.60 $2,337
EA $126.92 $36,654
DSGX $55.66 $4,700
CDNS $109.32 $30,493
BAH $78.44 $10,809
BBL $42.26 $120,995
ANSS $326.78 $28,034
AZO $1,175.55 $27,460
ABT $109.48 $193,838
UNF $173.47 $3,277
VEEV $290.75 $43,853
AKAM $108.00 $17,572
ATHM $99.73 $11,876
BERY $49.96 $6,625
CAG $37.65 $18,393
DHI $70.59 $25,674
ELP $11.88 $3,051
COO $353.18 $18,839
CRH $36.93 $28,994
CMI $223.59 $33,019
CMC $21.22 $2,538
CNNE $39.58 $3,628
CSGP $822.05 $32,362
FB $278.12 $792,313
HCA $135.21 $45,705
GGG $64.46 $10,800
GL $86.48 $9,211
KGC $8.78 $11,025
KMPR $65.61 $4,286
IRBT $82.29 $2,295
ICE $99.36 $55,766
ICLR $198.05 $10,423
MDT $111.84 $150,337
POWI $60.92 $3,641
PJT $67.92 $2,478
NVR $4,135.03 $15,376
PWR $61.12 $8,486
PRGS $39.14 $1,765
PRI $122.32 $4,834
TTWO $163.29 $18,670
TER $90.94 $15,099
USNA $83.99 $1,765
V $197.99 $421,296
UN $60.75 $161,772
UL $61.57 $161,772
WU $22.23 $9,137
ZTO $30.97 $58,047
TTEK $105.40 $5,680
TSN $59.44 $21,652
SYKE $36.23 $1,451
REGI $61.86 $2,431
RBC $96.71 $3,924
RDY $67.81 $11,321
RGLD $121.78 $7,989
SEIC $51.94 $7,609
SJR $17.78 $9,127
SLP $70.01 $1,373
ROL $59.45 $19,485
NUAN $33.56 $9,474
PFSI $56.97 $4,124
OSIS $80.27 $1,451
MED $147.24 $1,732
LRN $28.93 $1,195
LXP $10.67 $2,953
LKFN $48.04 $1,235
LMT $368.96 $103,140
MSM $67.70 $3,763
HWKN $53.00 $565
HUBG $52.42 $1,792
HVT $23.46 $440
HIG $39.97 $14,317
HRC $91.07 $6,066
INGR $77.05 $5,161
JCOM $69.57 $3,312
ISRG $732.94 $86,161
GNTX $28.54 $7,015
EW $79.38 $49,354
CSGS $40.23 $1,331
CRMT $94.20 $645
CNI $104.55 $74,389
DIOD $62.20 $3,224
CABO $1,982.34 $11,934
AOS $54.91 $8,863
AMSF $58.37 $1,128
ZUMZ $30.95 $788
WTS $112.73 $3,796
WNS $64.25 $3,200
VIRT $22.00 $4,250
ASML $375.50 $161,610
AJRD $37.74 $2,967
A $106.77 $32,918
CDK $46.31 $5,636
BIO $579.04 $17,167
BCPC $104.39 $3,377
BRC $41.35 $2,150
DLB $71.00 $7,142
EPAM $337.26 $18,837
ECPG $39.62 $1,242
CPSI $28.77 $418
CSL $129.36 $7,060
CW $93.86 $3,902
FAST $44.09 $25,310
EPC $28.18 $1,532
GNRC $209.34 $13,144
GLDD $11.25 $731
KNOP $13.70 $456
HOLX $67.97 $17,603
ICFI $71.03 $1,339
IBKR $49.68 $20,752
MGRC $64.18 $1,546
LPG $8.91 $455
LII $288.62 $11,051
LULU $325.67 $42,439
MAS $55.44 $14,499
ORLY $457.13 $33,857
ORAN $11.09 $29,481
PAM $11.39 $1,733
ROP $427.52 $44,766
SBUX $89.36 $104,462
RNR $178.44 $9,139
QGEN $50.48 $11,652
SYBT $38.37 $870
SWKS $149.73 $25,010
SNY $48.93 $123,552
TTEC $59.25 $2,769
TSM $88.21 $411,407
VOD $14.55 $38,357
WASH $35.40 $611
TRV $126.14 $31,952
THG $103.12 $3,890
SPGI $337.25 $81,277
RGR $61.82 $1,082
SMP $46.62 $1,042
PBH $34.50 $1,732
PDM $13.10 $1,651
PHG $49.50 $45,072
NOMD $24.89 $4,895
NOW $505.96 $97,043
NHC $65.13 $1,000
NICE $224.95 $14,180
NVMI $57.28 $1,609
OMAB $40.16 $1,739
MCD $229.15 $170,511
MDLZ $56.82 $81,158
MLI $29.64 $1,692
MPWR $314.83 $14,140
MSA $143.76 $5,591
NBTB $29.05 $1,267
INFO $82.26 $32,769
KMB $138.09 $47,095
JRVR $53.78 $1,643
INTU $331.82 $86,873
FNF $31.37 $9,155
FLWS $24.97 $1,608
CPRT $114.09 $26,922
CNXN $46.66 $1,219
ECOM $17.20 $493
EME $70.47 $3,869
CIEN $41.49 $6,403
AMED $248.82 $8,078
AY $30.03 $3,051
AYI $95.35 $3,779
AMZN $3,176.40 $1,591,026
APD $292.25 $64,556
ARCB $33.69 $857
VIV $7.82 $13,247
WDFC $237.42 $3,244
WIT $5.02 $26,647
WMK $47.60 $1,280
ZTS $162.38 $77,154
ANET $213.97 $16,267
ASGN $71.06 $3,731
AME $107.01 $24,573
AMAT $61.70 $56,350
ABC $98.72 $20,153
ADP $148.85 $63,983
DELL $68.78 $51,359
COG $20.17 $8,039
COLM $98.60 $6,522
FFWM $15.70 $701
FICO $433.06 $12,558
FBHS $85.27 $11,780
ETN $109.88 $43,963
GOLD $26.89 $47,833
KB $36.96 $15,383
IEX $189.07 $14,277
HMSY $27.12 $2,401
HSIC $66.63 $9,513
NATI $35.39 $4,652
MTD $1,063.23 $25,487
MUSA $125.75 $3,669
MS $51.77 $93,692
MHO $41.79 $1,193
MET $40.61 $36,860
MCY $41.58 $2,302
OLLI $92.50 $6,047
NSIT $63.24 $2,218
PLUS $73.53 $997
PAC $95.55 $5,390
SCVL $32.94 $464
SIGI $55.95 $3,346
RHI $56.32 $6,456
PSO $6.89 $5,156
TMP $58.13 $867
TTC $84.42 $9,058
TRMB $50.94 $12,746
TXN $148.22 $136,013
TMUS $111.64 $138,189
TNET $71.26 $4,795
TDY $336.84 $12,417
SNA $169.45 $9,229
SSNC $64.98 $16,738
PRFT $44.14 $1,468
PRSC $118.36 $1,663
QIWI $15.68 $986
RE $207.04 $8,276
RCI $44.32 $22,437
SINA $42.73 $2,553
SCI $44.65 $7,868
SAFT $69.77 $1,052
RPM $89.14 $11,583
OSK $78.10 $5,319
PLXS $72.57 $2,122
PPG $133.70 $31,581
PKG $118.19 $11,209
NKE $130.02 $204,109
NOC $302.99 $50,513
MEDP $116.55 $4,127
MDC $45.93 $2,912
LOW $171.25 $129,420
LFC $12.14 $176,619
MFC $14.34 $27,902
MSI $169.06 $28,704
MYRG $44.32 $741
HIW $33.44 $3,474
HLF $48.21 $7,114
IESC $36.00 $758
HZNP $76.06 $16,080
K $66.36 $22,756
JOBS $71.68 $4,791
KR $32.64 $25,274
KSU $182.30 $17,064
ITT $66.27 $5,726
JD $81.31 $130,442
GTS $19.50 $457
ESE $88.33 $2,300
EVR $83.06 $3,897
FIZZ $89.09 $4,154
CSX $81.73 $62,528
DAR $45.99 $7,449
AEM $79.68 $19,296
ABM $34.95 $2,331
AB $32.16 $3,101
ALSN $38.77 $4,389
AVY $140.87 $11,757
AMP $170.32 $20,484
BMY $60.76 $136,949
BAX $81.45 $41,233
WM $115.77 $48,908
WABC $54.46 $1,467
UNP $187.14 $127,038
UI $195.04 $12,423
UTHR $122.10 $5,423
USM $29.33 $2,521
BCC $38.86 $1,523
CDW $129.44 $18,467
CCOI $57.45 $2,717
BWXT $57.27 $5,457
AMT $235.77 $104,581
AAPL $115.75 $1,979,619
DOV $115.24 $16,606
ECHO $27.29 $726
CTAS $338.50 $35,416
CTRN $27.31 $290
CRVL $92.19 $1,653
CM $77.26 $34,398
FMC $107.49 $13,927
GOLF $34.94 $2,596
FWRD $62.52 $1,749
G $36.98 $7,055
IPG $19.15 $7,467
KT $10.06 $5,280
KNSL $211.47 $4,774
HZO $27.90 $603
HUBB $149.66 $8,116
IDXX $423.59 $36,028
HDS $42.65 $6,917
HSTM $21.10 $675
MLM $259.10 $16,134
MRCY $77.35 $4,332
LOPE $80.98 $3,829
NTES $87.57 $60,513
SAIA $147.05 $3,845
SIRI $5.99 $25,998
SIVB $285.06 $14,755
SMG $156.93 $8,752
SLGN $35.64 $3,952
SLF $42.08 $24,624
QRVO $135.00 $15,422
QDEL $245.74 $10,309
PSA $235.11 $41,098
PSB $116.45 $3,200
SNX $145.48 $7,499
TFSL $16.37 $4,586
TPH $16.79 $2,188
TKR $60.48 $4,542
VAR $171.73 $15,655
WLTW $209.56 $27,004
WMT $143.55 $406,785
TRU $86.04 $16,356
SON $53.50 $5,370
SPNS $28.53 $1,535
SSTK $60.32 $2,185
STT $65.60 $23,144
SYK $224.64 $84,325
SBAC $294.01 $32,911
NTCT $23.08 $1,672
NSC $213.13 $54,371
LEN $76.54 $23,397
LRCX $358.01 $51,943
LPLA $83.14 $6,576
MOH $211.12 $12,519
MXIM $73.55 $19,667
HRL $49.33 $26,619
HON $176.85 $124,110
HOLI $11.59 $702
HEI $112.98 $14,141
HII $152.23 $6,164
INVA $10.13 $1,027
EXEL $21.83 $6,745
CRUS $68.56 $4,003
CZZ $15.23 $3,519
ENTG $78.63 $10,601
ABMD $278.50 $12,546
ACGL $31.68 $12,861
AFL $37.51 $26,741
ACN $228.14 $145,142
APEI $28.84 $427
CATY $24.38 $1,941
WING $123.37 $3,652
WD $61.14 $1,903
YUM $99.85 $30,095
WBA $37.51 $32,480
VIVO $18.32 $785
VMC $144.83 $19,182
CBPO $113.49 $4,379
CCU $12.25 $2,228
CHCO $61.85 $991
CHTR $599.91 $122,921
BAP $121.77 $11,493
BMCH $42.19 $2,830
BMO $62.94 $40,506
BLD $177.88 $5,884
BR $144.78 $16,722
APH $118.51 $35,361
AU $25.45 $10,559
AEE $83.03 $20,515
ALLE $101.97 $9,405
ALGN $453.23 $35,708
CME $163.48 $58,628
ERIE $230.50 $10,647
FDX $275.95 $72,462
FHB $16.77 $2,178
FF $12.73 $557
FSS $31.51 $1,904
ITW $201.72 $63,776
KAI $117.22 $1,348
KFRC $38.22 $839
HCSG $23.83 $1,774
HSY $145.44 $30,255
MWA $11.07 $1,747
LSCC $34.78 $4,682
MDU $24.16 $4,845
MBUU $53.53 $1,104
LANC $182.39 $5,023
OGS $73.95 $3,913
OMCL $83.63 $3,576
PEP $139.61 $192,935
PM $74.86 $116,578
SIMO $40.00 $1,406
SFBS $38.61 $2,082
SEM $23.13 $3,099
PRK $94.08 $1,534
RMR $29.11 $912
STX $51.79 $13,286
SPXC $51.02 $2,280
VMI $146.87 $3,137
VRNT $52.16 $3,411
STMP $259.67 $4,564
TCBK $30.34 $903
TU $18.29 $23,397
TREX $75.34 $8,721
TFX $368.22 $17,128
PRIM $19.72 $952
RXN $32.37 $3,906
PNR $51.68 $8,597
PKI $125.20 $13,999
PAYX $83.99 $30,194
OMC $51.58 $11,083
NVDA $534.44 $329,750
NTRS $85.76 $17,846
LDOS $85.81 $12,202
MCO $272.72 $51,190
LSI $115.88 $5,437
MA $333.60 $333,954
MANH $103.52 $6,576
NEOG $71.40 $3,787
MMM $170.71 $98,332
HIBB $46.36 $767
KBH $36.56 $3,310
KO $50.68 $217,693
ISBC $8.18 $2,044
GLOB $192.00 $7,596
GFI $11.71 $10,218
ERIC $12.44 $41,909
FBC $31.95 $1,826
COKE $250.14 $2,345
CSIQ $39.90 $2,356
ECL $204.87 $58,467
DNKN $89.13 $7,333
AFG $75.72 $6,704
AUDC $32.90 $1,078
ATH $33.77 $6,560
ARW $84.05 $6,525
BTI $33.56 $76,912
BLL $91.13 $29,760
CL $79.29 $67,983
CBRE $46.73 $15,668
CBU $59.36 $3,178
VZ $57.33 $246,028
VALE $11.30 $59,659
URI $185.40 $13,364
ZNGA $9.30 $10,002
WIRE $47.63 $983
WOR $50.80 $2,762
BWA $40.19 $8,330
CERN $72.59 $22,168
BCE $42.70 $38,678
AMN $66.39 $3,120
ASA $21.38 $412
ATSG $29.30 $1,746
AVAV $76.38 $1,841
AVGO $373.37 $151,029
AGCO $81.89 $6,133
DHT $5.13 $876
DKS $59.53 $5,305
DGX $126.34 $16,968
CUBE $34.47 $6,678
CMG $1,300.29 $36,366
EXLS $74.98 $2,563
FBM $16.13 $697
FLT $256.84 $21,588
FLO $24.06 $5,091
GIS $61.31 $37,481
FRC $130.62 $22,482
GS $205.40 $70,673
HAE $106.62 $5,406
IP $46.59 $18,314
HONE $9.50 $555
NBIX $96.53 $9,002
MASI $239.66 $13,169
LECO $103.87 $6,166
LH $205.26 $19,992
LAD $250.15 $6,630
NRG $33.18 $8,100
NPK $82.92 $582
OPY $25.62 $322
PAYC $377.33 $22,086
PCAR $91.69 $31,738
OTEX $40.68 $11,080
PFG $42.94 $11,788
SCHW $40.13 $75,238
SCPL $14.61 $1,846
SKM $23.18 $17,004
PRGO $45.48 $6,207
PRAH $110.28 $7,054
T $28.28 $201,495
SYNA $80.60 $2,759
SNBR $62.37 $1,729
WRK $40.40 $10,489
XLNX $113.04 $27,617
WAL $40.45 $4,079
VOYA $52.31 $6,601
SNDR $23.91 $4,240
SNP $39.01 $66,202
SPTN $20.78 $724
TECH $269.66 $10,397
TOL $45.76 $5,774
TXRH $75.50 $5,240
QCOM $128.38 $144,847
RJF $80.45 $11,034
RDWR $24.04 $1,110
SCCO $50.27 $38,862
SAP $147.64 $181,412
PETS $29.99 $608
PKX $46.08 $16,167
PINC $34.36 $4,187
PLD $102.80 $75,945
ORI $17.16 $5,217
PCTY $185.94 $10,006
NTAP $46.70 $10,368
LGIH $112.27 $2,817
LITE $85.29 $6,436
LUMN $9.68 $10,624
MSTR $183.05 $1,773
HSII $21.73 $420
IRWD $9.49 $1,518
HBI $17.62 $6,135
FR $41.91 $5,331
FORM $29.62 $2,282
FDS $327.97 $12,461
FFIN $31.23 $4,436
EXR $117.46 $15,161
ESGR $177.58 $3,933
CNA $30.43 $8,258
CNS $57.79 $2,761
CRI $86.81 $3,788
DRE $38.67 $14,330
ENVA $17.32 $522
EHC $67.52 $6,715
AEL $26.85 $2,470
ABG $119.95 $2,314
AMKR $13.11 $3,161
AGR $49.39 $15,262
AIN $55.42 $1,792
AWK $153.61 $27,835
ASB $14.24 $2,188
BFAM $164.79 $9,955
BEN $23.18 $11,479
BSBR $5.93 $22,401
BRKL $9.86 $778
CFFN $11.61 $1,643
CLGX $68.46 $5,442
VIAV $13.41 $3,076
UIS $11.94 $752
UHS $112.13 $9,526
XEL $71.41 $37,515
ZBRA $300.91 $16,050
WHR $193.80 $12,073
WDR $16.95 $1,105
WEC $101.80 $32,111
CIGI $66.09 $2,635
BXP $77.22 $12,018
BMA $12.90 $1,933
BNS $42.94 $52,015
AX $27.53 $1,644
AN $62.30 $5,474
AMCX $23.91 $1,244
ADM $51.68 $28,716
EIGI $6.28 $884
EGBN $31.52 $1,016
DLTR $93.84 $22,269
DEI $24.92 $4,370
CRL $233.93 $11,621
CPF $15.03 $423
CORT $17.76 $2,052
CNO $18.82 $2,667
CSV $24.50 $439
EXC $42.23 $41,153
GWW $362.02 $19,394
KFY $32.36 $1,773
HMY $5.53 $3,297
HEAR $18.76 $274
IDA $90.19 $4,551
INDB $55.52 $1,829
MMC $113.38 $57,430
LNT $56.46 $14,095
SAM $918.08 $11,210
SBSI $26.72 $883
SLM $9.36 $3,512
SEDG $280.39 $14,053
SEE $41.16 $6,408
RBA $61.71 $6,757
TRST $5.93 $572
TRNO $59.95 $4,096
TRMK $24.40 $1,548
TDS $17.29 $1,851
STLD $32.14 $6,761
SXT $70.03 $2,966
WINA $166.32 $622
ZION $32.25 $5,288
YNDX $58.00 $20,438
WAFD $22.84 $1,729
STM $33.77 $30,964
SNN $38.48 $16,759
TOT $32.82 $86,916
TWNK $13.03 $1,703
SHEN $44.68 $2,227
SHG $26.45 $13,774
SMFG $5.70 $38,983
SBCF $21.14 $1,165
SBH $9.45 $1,066
ROK $239.33 $27,754
NTGR $35.14 $1,051
NNI $65.71 $2,518
OLED $192.67 $9,075
PNC $115.32 $48,954
POR $40.13 $3,592
PH $225.35 $29,025
LZB $35.59 $1,637
MKSI $114.25 $6,298
IMXI $14.99 $571
IBOC $29.09 $1,840
HCI $48.83 $390
HMN $35.61 $1,472
KHC $31.23 $38,181
JNPR $22.42 $7,438
KRNY $9.28 $830
FUL $49.43 $2,557
ETSY $135.94 $16,221
ESS $202.52 $13,206
EPD $17.60 $38,472
EQC $26.60 $3,232
FCFS $57.78 $2,394
CMCO $37.52 $894
CPRX $3.18 $329
DCI $51.74 $6,540
EGOV $21.16 $1,418
EOS $19.02 $945
EMR $69.76 $41,688

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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.

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.