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M*: A Framework For Evaluating Low-Volatility Funds

FYI: Well-constructed low-volatility stock funds should offer better downside protection, a smoother ride, and better risk-adjusted performance than the market over the long term. But not all low-volatility funds are created equal. Differences in how they are constructed can affect performance and their odds of success. It's important to have a strong framework to evaluate how these funds are built.
Regards,
Ted
https://www.morningstar.com/articles/873205/a-framework-for-evaluating-lowvolatility-funds.html
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