The Defensive Portfolio was built to highlight companies that have less downside risk and are thus more defensive in nature than the broad stock market. The companies that are included in the portfolio each have a lower expected beta than the companies from a corresponding market index. After the companies are chosen the portfolio is market cap weighted. On a quarterly basis the portfolio is reconstituted and then rebalanced. In the midst of each quarter cash that builds up from dividend payments is invested through a series of buy only transactions designed to buy the most underweight positions in the portfolio.

The Defensive Portfolio was built to highlight companies that have less downside risk and are thus more defensive in nature than the broad stock market. The companies that are included in the portfolio each have a lower expected beta than the companies from a corresponding market index. After the companies are chosen the portfolio is market cap weighted. On a quarterly basis the portfolio is reconstituted and then rebalanced. In the midst of each quarter cash that builds up from dividend payments is invested through a series of buy only transactions designed to buy the most underweight positions in the portfolio.

The Defensive Portfolio was built to highlight companies that have less downside risk and are thus more defensive in nature than the broad stock market. The companies that are included in the portfolio each have a lower expected beta than the companies from a corresponding market index. After the companies are chosen the portfolio is market cap weighted. On a quarterly basis the portfolio is reconstituted and then rebalanced. In the midst of each quarter cash that builds up from dividend payments is invested through a series of buy only transactions designed to buy the most underweight positions in the portfolio.

The Defensive Portfolio was built to highlight companies that have less downside risk and are thus more defensive in nature than the broad stock market. The companies that are included in the portfolio each have a lower expected beta than the companies from a corresponding market index. After the companies are chosen the portfolio is market cap weighted. On a quarterly basis the portfolio is reconstituted and then rebalanced. In the midst of each quarter cash that builds up from dividend payments is invested through a series of buy only transactions designed to buy the most underweight positions in the portfolio.

The Defensive Portfolio was built to highlight companies that have less downside risk and are thus more defensive in nature than the broad stock market. The companies that are included in the portfolio each have a lower expected beta than the companies from a corresponding market index. After the companies are chosen the portfolio is market cap weighted. On a quarterly basis the portfolio is reconstituted and then rebalanced. In the midst of each quarter cash that builds up from dividend payments is invested through a series of buy only transactions designed to buy the most underweight positions in the portfolio.

The Defensive Portfolio was built to highlight companies that have less downside risk and are thus more defensive in nature than the broad stock market. The companies that are included in the portfolio each have a lower expected beta than the companies from a corresponding market index. After the companies are chosen the portfolio is market cap weighted. On a quarterly basis the portfolio is reconstituted and then rebalanced. In the midst of each quarter cash that builds up from dividend payments is invested through a series of buy only transactions designed to buy the most underweight positions in the portfolio.

The Defensive Portfolio was built to highlight companies that have less downside risk and are thus more defensive in nature than the broad stock market. The companies that are included in the portfolio each have a lower expected beta than the companies from a corresponding market index. After the companies are chosen the portfolio is market cap weighted. On a quarterly basis the portfolio is reconstituted and then rebalanced. In the midst of each quarter cash that builds up from dividend payments is invested through a series of buy only transactions designed to buy the most underweight positions in the portfolio.

The Defensive Portfolio was built to highlight companies that have less downside risk and are thus more defensive in nature than the broad stock market. The companies that are included in the portfolio each have a lower expected beta than the companies from a corresponding market index. After the companies are chosen the portfolio is market cap weighted. On a quarterly basis the portfolio is reconstituted and then rebalanced. In the midst of each quarter cash that builds up from dividend payments is invested through a series of buy only transactions designed to buy the most underweight positions in the portfolio.

The Defensive Portfolio was built to highlight companies that have less downside risk and are thus more defensive in nature than the broad stock market. The companies that are included in the portfolio each have a lower expected beta than the companies from a corresponding market index. After the companies are chosen the portfolio is market cap weighted. On a quarterly basis the portfolio is reconstituted and then rebalanced. In the midst of each quarter cash that builds up from dividend payments is invested through a series of buy only transactions designed to buy the most underweight positions in the portfolio.

The Defensive Portfolio was built to highlight companies that have less downside risk and are thus more defensive in nature than the broad stock market. The companies that are included in the portfolio each have a lower expected beta than the companies from a corresponding market index. After the companies are chosen the portfolio is market cap weighted. On a quarterly basis the portfolio is reconstituted and then rebalanced. In the midst of each quarter cash that builds up from dividend payments is invested through a series of buy only transactions designed to buy the most underweight positions in the portfolio.