The FTSE RAFI 1000 Index, a fundamental factor-based benchmark, is up 4.8% over 3 months. "Factor investing" methodologies using fundamental weights are proving resilient against short-term market shocks. Since March 2021, firms have converted more than 50 funds to ETFs totaling over $60 billion in assets, according to an August report from asset manager Fidelity Investments . There is no guarantee that the classification system used to determine the rotation model or strategy will achieve its intended results. The fund may engage in active and frequent trading of its portfolio securities which may result in higher transaction costs to the fund. The fund is actively managed and does not seek to replicate the performance of a specified index. In Asia, MSCI Emerging Markets Momentum Factor gained 2.7% this month, led by India’s auto sector and Taiwan’s chip exports. "Factor investing" models are tilting towards export-driven companies in anticipation of stable global demand.