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Percent Change in Nonfarm Payroll Employment Since Start of Recession

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Quality Compares Favorably to Size & Style

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Gross Domestic Product

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High-Quality Outperforms Low-Quality Across Size and Style

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High-Quality Stocks Outperform the Market a Majority of the Time

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Superior Returns with Less Volatility

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Environment Conditions During Strong "Low Quality" Years

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Periods of Extreme Market Performance Size, Style & Quality Differencials

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1-Year Treasury Rate vs. Interest Rates & Govt. Securities & Bonds

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S&P 500 Distribution of Annual Returns (Price Only)

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