2024-06-23 00:44:43 ET
Summary
- AUSF tracks an index that is designed to rotate in and out of three factors, namely value, momentum, and low volatility.
- In the current version, AUSF has a high earnings yield, with most holdings demonstrating soft growth characteristics and low beta. There is an adequate dosage of quality.
- Due to spotty past performance and the factor mix that I believe looks weak for the current environment, AUSF does not deserve a rating upgrade today.
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For further details see:
AUSF: Three-Factor Strategy With Uninspiring Performance