Academic research has demonstrated that factors such as Value, Momentum, Quality, Low Volatility and Size determine the return of diversified portfolios. Long term exposure to these factors leads to performance benefits - both long and short-term risks exist when factor exposures are not properly controlled or ignored.
To gain access to their associated long-term risk premia via an inexpensive index vehicle, to easily implement factor allocation decisions when market conditions change and to manage long and short-term portfolio risk.
Annualized and Cumulative Returns - Table
Cumulative Returns - Chart
