Value Score

The five value characteristics for each individual stock are compared to those of other stocks within the same scoring group (groups based on style zone and size, e.g. Europe large-caps). Stocks are then assigned Overall Value scores based on the 5 value factors.

5 value characteristics:

Forward Looking

            Price/Projected Earnings 50.0%

Historical-Based Measures

            Price/Book 12.5%

            Price/Sales 12.5%

            Price/Cash Flow 12.5%

            Dividend Yield 12.5%