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 $109.06 $33,162
AMX $14.41 $49,208
ATVI $89.99 $69,549
AZO $1,248.02 $28,404
CACI $242.69 $6,120
CBZ $27.22 $1,484
CENT $41.06 $2,132
CHKP $128.63 $18,034
CSWI $124.28 $1,840
DG $213.24 $52,244
DGX $124.97 $16,842
EBAY $55.27 $38,100
HELE $213.78 $5,215
HOLX $76.48 $19,656
HUM $405.00 $53,598
HVT $33.86 $612
JOUT $115.10 $1,161
LOGI $103.81 $17,970
MCK $182.82 $29,354
NVO $71.03 $129,511
PGR $93.45 $54,724
REGN $517.91 $55,264
SFM $20.46 $2,414
SMP $42.78 $960
SNE $103.42 $130,538
STC $50.05 $1,337
TMO $496.91 $196,943
TSCO $156.44 $18,225
SJM $112.55 $12,841
SF $51.68 $5,323
WERN $42.20 $2,916
RCII $48.84 $2,647
MTH $82.01 $3,085
HZO $43.43 $961
HPQ $25.62 $33,040
HLI $71.17 $4,934
EXPD $94.44 $15,985
DECK $323.86 $9,095
CHE $522.00 $8,327
AIZ $139.13 $8,175
AJG $116.01 $22,311
ALXN $156.65 $34,263
ATHM $97.75 $11,640
ARCB $47.91 $1,217
CASH $38.73 $1,295
BBY $113.92 $29,499
BMI $106.75 $3,108
CIEN $54.46 $8,418
DHI $69.03 $25,170
DHR $236.70 $168,146
CSCO $45.15 $190,782
DVA $119.64 $13,400
DOX $70.33 $9,221
DPZ $373.80 $14,728
HWKN $54.65 $583
GRBK $21.60 $1,094
GRMN $120.88 $23,117
GIB $78.19 $17,855
LRN $23.70 $984
JRVR $49.69 $1,521
KGC $7.19 $9,062
MRTN $17.51 $1,448
MSCI $409.52 $33,947
MKTX $512.08 $19,440
MLI $39.12 $2,233
MMS $76.07 $4,675
MNST $91.36 $48,230
NYT $49.11 $8,212
QLYS $118.57 $4,626
PWR $77.58 $10,773
WAT $262.90 $16,312
VOD $17.65 $47,184
SIGI $68.34 $4,089
SNPS $257.91 $39,469
SPSC $106.58 $3,763
SSD $100.97 $4,384
RIO $84.84 $138,614
SCL $124.26 $2,791
TTEC $75.26 $3,517
TX $31.48 $6,180
TGT $198.01 $99,158
STE $189.84 $16,203
TYL $419.22 $16,906
UNH $350.53 $332,590
TROW $158.53 $35,896
RS $131.94 $8,412
RY $85.58 $121,801
SPWH $17.72 $773
VEEV $273.47 $41,421
WSO $232.88 $8,926
ZUMZ $44.81 $1,142
QGEN $53.19 $12,278
PJT $80.94 $2,930
POOL $366.70 $14,726
PRI $136.22 $5,354
PHM $42.42 $11,373
ODFL $207.51 $24,347
MRK $82.17 $207,893
LKFN $60.33 $1,551
FCN $114.40 $4,080
FIX $55.24 $2,010
CTSH $80.05 $42,798
CHD $84.51 $20,997
BLK $743.50 $113,392
BHP $73.88 $168,508
BIO $593.14 $17,757
BABA $242.98 $657,416
AOS $57.42 $9,271
ADBE $463.27 $222,239
ANTM $322.52 $80,212
BRO $45.75 $12,996
CM $90.04 $40,115
COST $362.35 $160,505
FFWM $21.50 $959
FELE $73.46 $3,394
EXPO $94.72 $4,890
FB $245.64 $699,655
EPC $34.46 $1,873
IRBT $88.12 $2,479
J $111.99 $14,557
JAZZ $165.81 $9,238
JCOM $96.88 $4,417
GLDD $14.28 $928
GNTX $35.95 $8,810
INFY $18.22 $79,489
MYRG $64.58 $1,080
MCY $52.02 $2,880
NVR $3,975.05 $14,789
NFLX $500.86 $221,278
PFSI $57.48 $4,164
QDEL $198.03 $8,331
WST $298.72 $22,084
VIRT $24.67 $4,773
VRTX $226.12 $58,800
ROCK $95.20 $3,096
RGLD $105.40 $6,915
TTEK $134.05 $7,209
USNA $79.14 $1,665
TD $59.81 $107,929
TTGT $68.78 $1,933
TTWO $195.47 $22,483
REGI $83.19 $3,272
RMD $213.28 $30,908
SNA $170.10 $9,222
WASH $48.10 $830
ZTO $29.75 $25,571
PYPL $242.06 $283,620
PG $135.80 $335,352
NDAQ $142.13 $23,315
HUBG $60.27 $2,059
HZNP $78.91 $17,416
HMSY $36.40 $3,224
HRC $101.27 $6,766
GNRC $253.06 $15,903
HCA $168.27 $56,938
KEYS $147.03 $27,361
LH $220.20 $21,447
LAKE $29.19 $234
DSGX $58.96 $4,962
ECOM $18.57 $539
EIG $33.12 $961
FAF $52.46 $5,857
FTNT $147.53 $23,949
CMI $241.33 $35,718
DLB $94.57 $9,558
CAG $34.05 $16,636
CDNS $135.40 $37,767
BERY $53.76 $7,177
AMED $287.86 $9,445
A $126.03 $38,672
ABT $110.04 $195,031
ABBV $111.63 $197,080
AMZN $3,127.47 $1,569,212
BIIB $280.29 $43,131
AY $45.13 $4,814
BBL $60.54 $168,508
DLTR $109.97 $25,864
CTXS $131.99 $16,251
CRH $44.73 $35,051
EBF $18.59 $485
EME $99.18 $5,448
EVR $118.09 $5,545
LSTR $151.83 $5,828
JBSS $80.23 $916
JNJ $160.65 $422,918
INTC $59.25 $242,806
GL $96.58 $10,108
IESC $48.65 $1,010
NEM $63.33 $50,877
NVS $94.62 $232,142
MSFT $213.02 $1,610,537
MSGN $13.36 $762
ORCL $61.60 $181,352
OSIS $94.99 $1,702
PSO $9.25 $6,981
POWI $96.24 $5,761
PLXS $85.78 $2,473
WTS $130.60 $4,394
WD $90.80 $2,835
VRSN $195.70 $22,331
SAFT $79.13 $1,179
RSG $93.70 $29,864
TRV $142.32 $36,051
TNET $83.25 $5,547
UNF $219.86 $4,146
UL $59.84 $156,030
TER $138.39 $22,980
SYBT $42.58 $966
TMUS $124.69 $154,764
SAIA $192.77 $5,042
SCI $50.13 $8,660
RGR $72.92 $1,276
SSTK $74.90 $2,713
SFBS $43.67 $2,354
UTHR $167.26 $7,433
RBC $136.57 $5,544
OPY $32.19 $402
MSM $83.21 $4,644
MS $76.47 $138,349
MPWR $386.20 $17,416
MDC $47.50 $3,081
MLM $302.83 $18,858
NVMI $80.07 $2,249
NOMD $25.61 $4,509
ICLR $210.66 $11,087
HSIC $73.03 $10,427
HIG $52.37 $18,766
GOLF $41.32 $3,070
GGG $75.00 $12,566
ISBC $11.40 $2,848
ISRG $797.14 $93,708
JD $89.24 $142,660
IX $88.06 $22,964
KB $42.83 $17,642
LXP $10.24 $2,836
MBT $9.44 $9,143
MANT $97.55 $3,937
LII $284.51 $10,894
EA $138.94 $40,303
EBSB $16.22 $850
FDX $256.27 $67,930
FIZZ $87.74 $4,093
CSGP $868.28 $34,226
CSGS $43.60 $1,436
CRMT $124.53 $825
CSL $155.84 $8,319
DELL $73.25 $54,923
BCC $49.68 $1,948
BCPC $123.69 $4,002
BIG $52.18 $1,936
AMSF $59.45 $1,149
ANET $313.10 $23,690
ANSS $369.05 $31,696
AGCO $116.27 $8,709
AKAM $102.85 $16,743
ABG $165.38 $3,189
ADP $161.91 $69,429
AEM $70.00 $16,944
AMGN $241.66 $140,687
AVY $161.78 $13,495
AX $42.02 $2,481
CABO $1,982.69 $11,945
DIOD $79.15 $4,119
CPRT $117.26 $27,689
CNI $112.37 $79,938
FBHS $89.30 $12,406
FNF $39.34 $11,553
ECHO $27.78 $739
ENVA $26.65 $950
EPAM $340.65 $19,073
LZB $44.67 $2,061
KFRC $44.12 $969
KNOP $17.80 $593
JKHY $153.96 $11,750
IPG $24.93 $9,724
INTU $365.51 $96,036
GSK $38.16 $95,579
ICFI $79.09 $1,492
IBKR $68.70 $29,434
ORAN $12.16 $32,196
PFE $36.75 $204,329
PKG $143.00 $13,561
PRGS $48.81 $2,201
WDFC $279.68 $3,828
WNS $66.44 $3,321
SLM $13.79 $5,175
RDY $72.01 $12,041
RPM $86.32 $11,230
SYKE $41.99 $1,661
STMP $212.36 $3,873
STN $34.84 $3,889
THG $120.23 $4,479
TSM $126.45 $548,536
UI $243.13 $15,266
UMC $9.51 $22,150
RJF $102.70 $14,128
RELX $24.94 $48,180
SINA $41.87 $2,502
WMK $48.00 $1,291
WIT $6.53 $35,367
RCI $47.71 $24,243
OLLI $96.50 $6,313
NBTB $35.12 $1,532
NCBS $72.56 $732
NOW $514.34 $100,348
MED $215.79 $2,540
HUBB $164.49 $8,921
ICE $115.62 $64,896
HLF $50.19 $6,606
HONE $11.40 $665
HTH $28.94 $2,612
HEAR $22.29 $339
HAE $129.03 $6,552
KMPR $76.96 $5,034
LULU $347.73 $45,322
LOW $170.39 $124,849
LLY $186.69 $178,584
ECPG $33.25 $1,042
FN $85.53 $3,159
FAST $50.32 $28,886
EW $87.49 $54,528
DAR $66.66 $10,803
CAH $55.39 $16,253
BRC $52.62 $2,737
BAH $91.46 $12,612
APEI $31.63 $468
ASGN $90.88 $4,808
ASML $544.65 $228,141
ALSN $41.41 $4,666
AB $35.48 $3,412
AAPL $128.91 $2,168,687
APD $286.25 $63,275
AME $120.72 $27,773
AVGO $452.07 $183,863
CDK $51.93 $6,319
CSX $93.49 $71,499
CRTO $19.36 $1,166
CTRN $62.42 $633
CNNE $42.86 $3,928
CPSI $29.88 $434
CMC $21.88 $2,627
CLGX $74.44 $5,790
FLWS $29.97 $1,937
FWRD $80.62 $2,218
ELP $12.89 $3,434
ERIC $11.69 $39,740
KT $10.82 $5,748
LPG $13.83 $704
MCD $208.50 $155,356
GWW $383.40 $20,576
HD $268.34 $288,895
IDT $13.90 $355
IDXX $488.90 $41,703
MEDP $142.07 $5,082
MDT $117.77 $158,521
MHO $44.73 $1,286
MOH $223.76 $13,269
MSI $173.47 $29,407
NSIT $80.44 $2,823
NTCT $30.07 $2,212
NICE $273.50 $17,432
OGS $71.46 $3,794
ORLY $471.50 $34,159
PRIM $31.28 $1,504
PPG $151.75 $35,844
PHG $54.06 $49,492
VALE $18.94 $99,452
WOR $56.22 $2,935
WMT $146.97 $415,820
ZTS $160.96 $76,499
YUM $107.78 $32,514
SIRI $5.83 $24,775
SEIC $60.48 $8,744
TRMB $69.87 $17,480
THFF $41.78 $573
SYK $242.13 $90,990
STX $59.96 $15,404
SYX $38.81 $1,452
TOL $44.39 $5,542
TPH $17.68 $2,242
UMBF $75.70 $3,636
USM $31.85 $2,740
TXN $171.71 $157,620
SIVB $465.63 $24,134
SLGN $36.28 $4,012
SON $60.30 $6,055
RHI $65.35 $7,449
ROP $407.41 $42,726
RNR $164.58 $8,362
V $201.86 $471,802
VIVO $22.13 $954
VMI $208.34 $4,428
WIRE $62.34 $1,286
WAL $72.43 $7,303
PIPR $104.44 $1,866
QRVO $183.94 $20,979
PSA $221.23 $38,676
OMAB $52.68 $2,260
PERI $13.57 $366
NKE $141.30 $222,758
NNI $72.69 $2,787
NBHC $36.38 $1,113
NTGR $39.41 $1,193
MSA $158.04 $6,157
MTD $1,204.21 $28,654
MDLZ $57.31 $81,963
MET $51.57 $46,410
IEX $199.28 $15,087
INFO $83.90 $35,381
INGR $78.93 $5,288
GOLD $23.68 $42,091
GEF $51.52 $2,291
LGIH $98.01 $2,460
KSU $212.52 $19,892
ERIE $249.75 $11,536
ETN $124.62 $49,674
EXLS $85.83 $2,902
FICO $481.38 $14,007
CHCO $71.25 $1,125
COKE $258.57 $2,424
CTAS $327.14 $34,360
CSV $33.94 $610
CATY $37.04 $2,951
CBSH $71.51 $8,375
BSBR $8.80 $33,138
BXS $30.47 $3,185
BLL $89.93 $29,417
AN $75.89 $6,668
AMAT $105.80 $96,625
ALGN $554.64 $43,734
AEL $30.54 $2,810
ABMD $318.31 $14,384
APH $133.84 $40,039
APPF $153.71 $5,277
ASR $168.61 $5,050
BLD $202.39 $6,684
BAX $80.05 $40,891
CDW $134.80 $19,275
CTS $36.50 $1,178
DAC $29.09 $595
DE $302.85 $95,223
DOOR $96.58 $2,366
FFIN $40.35 $5,734
FFIV $193.43 $11,916
FHB $26.11 $3,415
FBC $44.38 $2,333
FSS $34.41 $2,083
FMC $121.72 $15,794
ENTG $108.60 $14,660
DOV $126.94 $18,292
KNSL $200.41 $4,545
IP $49.98 $19,647
LMT $347.44 $97,208
LECO $118.47 $7,046
LOPE $89.79 $4,207
LSCC $43.46 $5,917
GFI $9.16 $8,026
GPI $152.80 $2,798
HSY $147.42 $30,685
HIBB $54.78 $909
MFC $19.44 $37,691
MGA $74.42 $22,264
MGRC $72.65 $1,752
MRCY $80.18 $4,490
MYE $22.35 $801
MXIM $96.13 $25,696
NHC $72.23 $1,109
PAYX $88.07 $31,761
PBH $37.78 $1,893
PTC $124.60 $14,536
PKI $148.13 $16,587
PNR $58.57 $9,743
VMC $160.62 $21,284
WM $114.64 $48,448
WSM $125.13 $9,583
ROL $37.47 $18,421
SCHW $59.33 $111,333
SPGI $306.18 $73,667
SSNC $66.82 $17,104
SRCE $43.50 $1,112
SLF $47.17 $27,593
SEM $29.16 $3,930
TMP $77.30 $1,154
TRU $92.75 $17,650
SXT $75.57 $3,201
TCBK $40.74 $1,213
TCS $12.80 $647
TDY $388.12 $14,342
TKR $85.69 $6,457
TREX $91.98 $10,650
UHS $133.59 $11,264
SPTN $18.20 $653
SCVL $43.42 $612
RF $18.65 $17,912
RE $235.20 $9,400
WRK $46.88 $12,334
YNDX $69.29 $24,417
PLUS $92.98 $1,256
PKX $64.86 $22,410
PSB $133.12 $3,659
PDM $16.15 $2,035
NVDA $528.01 $326,838
MUSA $124.03 $3,543
MTZ $81.40 $6,013
MDU $27.83 $5,581
HON $208.61 $146,379
HMN $42.69 $1,768
HSII $32.95 $638
LAD $322.25 $8,547
JCI $52.45 $37,969
KMB $131.57 $44,752
EGBN $45.46 $1,465
CNO $23.53 $3,270
CHTR $623.09 $124,540
CBPO $118.06 $4,579
CBRE $62.26 $20,886
BR $153.57 $17,756
BMY $66.02 $149,189
ARW $104.11 $7,865
AMN $71.98 $3,385
AMP $206.95 $24,416
ACGL $35.22 $14,300
AFG $89.06 $7,734
AEE $73.99 $18,291
ABM $42.05 $2,807
ALG $152.07 $1,806
ATH $45.52 $8,715
BWXT $61.22 $5,835
CBU $68.30 $3,657
CL $81.94 $70,236
CMG $1,411.80 $39,503
CNS $74.54 $3,562
CPRX $3.53 $366
CUBE $33.81 $6,602
FBM $19.22 $830
KRNY $11.51 $1,030
JYNT $28.77 $404
K $59.05 $20,296
KAI $154.60 $1,779
ITW $205.41 $65,016
ITT $81.45 $7,037
LRCX $557.79 $80,327
MBUU $71.72 $1,486
HSTM $24.84 $787
HEI $138.78 $17,431
IMXI $15.67 $608
IDA $89.55 $4,519
HCSG $32.42 $2,413
GIS $55.75 $34,088
GLOB $209.44 $8,285
MWA $12.86 $2,036
NX $26.43 $868
NSC $252.46 $64,121
NRG $40.24 $9,827
PEP $141.76 $195,906
PB $70.35 $6,512
PCAR $89.26 $30,923
PCTY $193.51 $10,497
OMCL $121.75 $5,151
ORI $18.74 $5,698
PSMT $99.30 $3,052
PRK $112.10 $1,829
WU $21.66 $8,905
XLNX $140.00 $34,317
VLY $10.94 $4,418
WABC $59.68 $1,604
WING $146.28 $4,342
WHR $192.87 $12,063
WLTW $205.50 $26,490
WDR $25.04 $1,565
SAM $910.71 $11,149
SBAC $264.12 $29,348
SHG $31.43 $16,031
UNP $216.16 $145,664
TSN $64.76 $23,625
TAP $53.50 $11,615
STLD $40.38 $8,495
TFSL $19.48 $5,459
URI $260.37 $18,782
TXRH $80.38 $5,585
SPXC $59.64 $2,671
SNBR $98.68 $2,739
SBNY $159.82 $8,561
SBSI $33.37 $1,104
SCCO $71.00 $54,888
SCHN $33.24 $913
RXN $45.04 $5,417
ROK $262.75 $30,529
WAFD $28.41 $2,154
VZ $57.04 $236,037
VAR $175.27 $16,012
VIAV $15.82 $3,623
XEL $63.56 $33,398
WTM $1,016.00 $3,152
ZNGA $9.91 $10,693
PRAH $131.11 $8,411
PNM $48.51 $4,164
PNC $161.50 $68,428
QCOM $160.85 $181,921
RBA $61.92 $6,757
PAC $111.84 $6,260
PAYC $412.99 $24,165
NUAN $50.21 $14,305
MLR $40.98 $467
HII $172.02 $6,966
HIW $40.17 $4,174
HMST $36.75 $801
MASI $261.76 $14,411
LPX $38.41 $4,199
LPLA $119.59 $9,482
LNN $140.77 $1,530
KBAL $13.29 $491
KR $33.14 $25,231
KO $49.23 $211,563
FFIC $19.13 $540
FLO $22.14 $4,685
ESGR $217.48 $4,801
ESNT $48.47 $5,449
CTB $41.59 $2,095
CRVL $105.38 $1,886
CROX $76.01 $5,130
DORM $97.50 $3,148
COLM $94.09 $6,230
CNXN $52.38 $1,371
COG $19.30 $7,693
CNA $40.13 $10,891
CIGI $86.67 $3,467
BNS $55.38 $67,080
BMRN $81.36 $14,769
AU $22.98 $9,491
AMKR $18.74 $4,543
AFL $46.87 $32,924
AAP $168.83 $11,456
ACN $255.00 $168,590
AIN $78.01 $2,520
AMT $214.99 $95,501
AUDC $30.80 $1,009
AVAV $125.29 $3,020
ASB $20.31 $3,119
CERN $80.33 $24,628
CCK $95.75 $12,904
CCU $16.53 $3,007
CKH $42.02 $856
CFFN $13.21 $1,833
CLAR $15.94 $495
DKS $67.08 $6,010
DHT $5.82 $994
CRL $266.91 $13,277
CVCO $186.73 $1,716
CW $117.65 $4,883
ECL $212.43 $60,637
EGOV $27.23 $1,825
FR $41.15 $5,310
GBCI $50.08 $4,778
FIBK $42.59 $2,688
FCFS $59.98 $2,486
EXR $110.28 $14,486
JBL $45.48 $6,830
LNT $48.09 $12,011
LL $31.75 $917
LITE $106.24 $8,017
MANH $114.81 $7,293
INDB $79.91 $2,634
HBI $15.80 $5,504
MMM $166.41 $95,989
NATI $46.20 $6,064
NTRS $99.69 $20,748
PFG $53.70 $14,753
OSK $94.97 $6,476
OMC $63.39 $13,627
QIWI $10.66 $669
QNST $20.56 $1,087
PSEC $5.72 $2,177
PM $81.18 $126,423
PRFT $48.22 $1,592
VRNT $71.20 $4,680
SPH $15.13 $940
SPNS $31.08 $1,672
SMG $223.95 $12,471
SIMO $49.97 $1,756
SKM $25.60 $18,804
UFPI $56.56 $3,461
UNFI $22.19 $1,246
TRMK $30.80 $1,953
TPX $28.60 $5,902
TECH $337.20 $13,019
STT $79.58 $28,076
SYF $38.91 $22,715
SWKS $157.98 $26,238
SWM $42.90 $1,344
TM $151.34 $247,058
TIMB $13.53 $8,161
TPB $44.57 $854
TRNO $55.32 $3,782
TRST $7.19 $693
TU $20.74 $26,505
UCBI $31.98 $2,770
TWNK $14.06 $1,839
SITE $172.65 $7,636
SNY $49.03 $123,927
RLI $102.58 $4,622
SAFM $127.98 $2,857
SCPL $17.25 $2,180
SANM $34.65 $2,255
VGR $12.28 $1,882
WBA $49.32 $42,615
VRTU $51.14 $1,550
VRTV $23.32 $371
WEC $86.86 $27,399
YUMC $57.49 $24,108
ZBRA $411.98 $21,965
WPM $41.12 $18,487
WMS $90.83 $6,401
POST $99.37 $6,546
PLD $95.50 $70,596
OLED $256.77 $12,095
OTTR $42.26 $1,735
PH $291.12 $37,496
NTAP $65.84 $14,708
NEOG $83.56 $4,449
MTB $149.36 $19,162
HCI $54.60 $436
GS $307.87 $105,928
GNW $3.20 $1,618
IART $67.78 $5,712
HMC $28.25 $50,915
HOLI $14.55 $881
MAS $56.61 $14,813
LANC $174.21 $4,798
JOBS $68.18 $4,579
EWBC $62.37 $8,829
EXC $42.58 $41,540
FDS $320.64 $12,177
G $40.94 $7,752
FRC $158.04 $27,490
FLT $267.68 $22,325
EHC $82.48 $8,201
DUK $91.66 $67,458
ESI $18.99 $4,695
ERII $14.73 $826
CVBF $21.44 $2,906
DCI $59.89 $7,561
CODX $10.16 $287
CORE $33.16 $1,490
CCS $44.20 $1,474
CE $137.57 $16,081
BZH $15.57 $487
BKE $33.55 $1,658
BGS $28.02 $1,800
BCE $43.47 $39,329

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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.