The objective of our strategy is to provide investors complete exposure to the beta of the equity markets at lower valuations. We measure overall market valuation with traditional methods such as the price-to-sales ratio, price-to-book ratio, and price-to-earnings ratio. Based on academic research, as well as our own research, we believe that using the price-to-sales ratio of a diversified portfolio of stocks provides guidance to potential forward-looking returns.

Single-Factor Index Portfolios