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ETF Specialist

Discipline at the Core

A look at three funds that attempt to harness the underlying drivers of stock returns.

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A version of this article was originally published on May 7, 2014.

Investing has always been part art and part science, but leaning more heavily on a scientific approach may help improve consistency. Through fundamental research, a manager may decide to purchase stocks with varying degrees of value, momentum, and market exposure--the elements that appear to drive stock returns. But without directly targeting these dimensions of return, a portfolio's risk and expected return relative to the market can change over time.

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Alex Bryan does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.