Engine Ratings: ValuEngine's stock recommendations are based on the proprietary ValuEngine one-year forecast return (1YFR) model output for each individual equity. A stock is rated Strong Buy, Buy, Hold, Sell, Strong Sell based on the Forecast One Year Return. The breakdown for each rating is as follows:

• Strong Buy: More than +12% 1YFR
• Buy: Between +5% and +12% 1YFR
• Hold: Between -5% and +5% 1YFR
• Sell: Between -12% and -5% 1YFR
• Strong Sell: Less than -12% 1YFR