Valuation Strategy

The Valuation strategy is suited for investors seeking value for money through stocks with low price to reported earnings and cash flow ratios. The strategy holds up to 20 stocks in its portfolio with a maximum of 5 stocks in one industry group. The strategy emphasizes stocks with low P/E multiples based on reported earnings as well as at low P/CF multiples based on reported cash flow. Importance is also placed on stocks with high earnings estimate revisions. Stocks are screened to ensure that they have minimum liquidity and analyst coverage.