FYI; There is no universal standard for how “factors”—stock characteristics recognized as drivers of returns—should be defined, but some seem to have more wiggle room than others.
Early last year, index provider MSCI rolled out a framework of eight commonly used factors—which it called Factor Classification Standards—and analyzed over 3,000 actively managed funds to see how well they matched. While most funds with the words “volatility,” “quality,” and “growth” in their names were largely consistent with the MSCI definition, some of the “value” funds veered in other directions.
Regards,
Ted
https://www.barrons.com/articles/why-some-value-stock-funds-work-better-than-others-51573216201?mod=hp_FACTORINVESTING
