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A Word about our ETF Authority Composite Score
Welcome to our premium ETF Authority newsletter. I am
thrilled to have the opportunity to be your tour guide each month, and my goal
is to become a trusted resource as together we explore and profit from the
highly popular world of exchange-traded funds (ETFs) and closed-end funds
(CEFs).
As part of that mission, my team here at StreetAuthority has developed a
proprietary ETF rating system. This proprietary model incorporates our
comprehensive research, analysis and market outlook, and it allows us to provide
you with an easy-to-interpret letter grade for each and every ETF we profile.
To determine this grade, we judge funds on a number of quantitative
factors, including fees and expenses, volatility and risk-adjusted performance,
relative returns, and tax efficiency, among other things. And to supplement this
hard data, we add our subjective, forward-looking assessment of a specific
fund's outlook, based on relative strength, valuation and a host of other
technical and fundamental criteria.
As the most important grading criterion, we assign a fund's relative
performance a score ranging from 1 (lowest) to 15 (highest). Each of the other
five grading categories are worth five points. From that total, we
determine a fund's grade as follows:
38 - 40 points -- A+
34 - 37 points -- A
31 - 33 points -- A-
28 - 30 points -- B+
26 - 27 points -- B
24 - 25 points -- B-
17 - 23 points -- C
14 - 16 points -- D
<13 points -- F
This grading methodology forms the foundation of our ETF Authority
newsletter, and needless to say, we focus our research primarily on those select
few funds that fall into the upper tiers of this scoring system.
Good investing!
Nathan Slaughter
Editor -- The ETF Authority
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