|Bid||120.64 x 1800|
|Ask||125.20 x 1400|
|Day's Range||122.96 - 123.76|
|52 Week Range||104.07 - 129.82|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.94|
|Expense Ratio (net)||0.20%|
Value investing seek to capitalize on inefficiencies in the market and have the potential to deliver higher returns with lower volatility compared with growth and blend counterparts.
A version of this article appeared in the March 2019 issue of Morningstar ETFInvestor. The concept of value investing dates back at least as far as the 1920s, when Benjamin Graham and David Dodd first began teaching finance at Columbia University. The fundamental principles of value investing were later enshrined in the duo's classic “Security Analysis,” first published in 1934. The idea is painfully simple: Buy securities at prices below their intrinsic value and wait patiently for their market price to reflect their true worth.
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