SN SN1000 000V R V Repor ort Month nthly R Repor eport t on - - PDF document

Index Ticker: SN1000V

In Index F ex Fun undament entals ls

Contacts: S-Network Global Indexes benchmarks@snetworkinc.com

SN SN1000 000V R V Repor

• rt

Month nthly R Repor eport t on

• n th

the e Larg arge/Mi e/Mid-Cap Cap U US S Val alue ue Nove

• vember

mber 20 2019 19

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In Index P ex Perfor rformanc nce

Total Return Price Appreciation 1 Month 3.51% YTD 25.49% 1 Year 13.61% 3 Year 37.89% 5 Year 55.53% Inception 194.97% Compound Annual Growth Rate 1 Year 13.61% 3 Year 11.30% 5 Year 9.24% Since Inception 7.77% *Returns under 1 year are not annualized Source: S-Network as of 11/30/2019 SN1000V Sector Performance (10/31/19 – 11/30/19) Communication Services 1.78% Consumer Discretionary 2.93% Consumer Staples 1.63% Energy 0.91% Financials 4.87% Health Care 5.01% Industrials 4.33% Information Technology 4.30% Materials 3.07% Real Estate 8.05% Utilities

• 2.47%

Leading Movers

Company Name Ticker Opening Closing Change WRIGHT MEDICAL GROUP INC WMGI US 20.80 29.77 43.13% MERIT MEDICAL SYSTEMS INC MMSI US 20.66 28.00 35.56% ALNYLAM PHARMACEUTICALS INC ALNY US 86.74 117.14 35.05% TD AMERITRADE HOLDING AMTD US 38.38 51.83 35.04% DXC TECHNOLOGY CO DXC US 27.67 37.33 34.91%

Lagging Movers

Company Name Ticker Opening Closing Change INTELSAT SA I US 25.39 6.08

• 76.05%

CHESAPEAKE ENERGY CORP CHK US 1.34 0.60

• 55.57%

EQUITRANS MIDSTREAM CORP ETRN US 13.92 9.97

• 28.38%

EXPEDIA INC EXPE US 136.66 101.66

• 25.61%

AARON'S INC AAN US 74.93 58.40

• 22.06%

TTM Div. Yield

RLV 1000 2.51 SN1000V 2.59

Forward Div. Yield

RLV 1000 2.54 SN1000V 2.61

Forecast

RLV 1000 +1.08% SN1000V +0.71%

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Com Company ny Reports

• rts

Activision Blizzard Inc's revenues decreased -15.2% for the quarter ended September 2019 to $1.28 billion from $1.51 billion a year earlier, while net income fell -21.5% to $204.0 million from $260.0 million. Walt Disney Co's revenues increased +17.1% for the year ended September 2019 to $69.57 billion from $59.43 billion a year earlier, while net income fell -12.3% to $11.05 billion from $12.60 billion.

Communication Services:

Lowe's Companies Inc's net sales decreased -0.2% for the quarter ended October 2019 to $17.39 billion from $17.42 billion a year earlier, while net earnings rose +66.7% to $1.05 billion from $0.63 billion. Marriott International Inc's revenues increased +4.6% for the quarter ended September 2019 to $5.28 billion from $5.05 billion a year earlier, while net income fell -23.1% to $387.0 million from $503.0 million. Target Corp's net sales increased +4.8% for the quarter ended October 2019 to $18.67 billion from $17.82 billion a year earlier, while net earnings rose +14.8% to $714.0 million from $622.0 million.

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Consumer Discretionary:

Colgate-Palmolive Co's net sales increased +2.1% for the quarter ended September 2019 to $3.93 billion from $3.85 billion a year earlier, while net income rose +10.5% to $578.0 million from $523.0 million. Sysco Corp's revenues increased +0.5% for the quarter ended September 2019 to $15.30 billion from $15.22 billion a year earlier, while net earnings rose +5.3% to $453.8 million from $431.0 million. Tyson Foods Inc's net sales increased +5.9% for the year ended September 2019 to $42.41 billion from $40.05 billion a year earlier, while net income fell -33.1% to $2.02 billion from $3.02 billion. Wal-Mart Stores Inc's revenues increased +2.5% for the quarter ended October 2019 to $127.99 billion from $124.89 billion a year earlier, while net income rose +92.4% to $3.29 billion from $1.71 billion.

Consumer Staples:

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Chevron Corp's revenues decreased -17.9% for the quarter ended September 2019 to $36.12 billion from $43.99 billion a year earlier, while net income fell -36.3% to $2.58 billion from $4.05 billion. Occidental Petroleum Corp reported a net loss of $0.91 billion for the quarter ended September 2019 compared to a net income of $1.87 billion a year earlier, while revenues decreased -5.0% to $5.87 billion from $6.18 billion. ExxonMobil Corp's revenues decreased -15.1% for the quarter ended September 2019 to $65.05 billion from $76.61 billion a year earlier, while net income fell -49.2% to $3.17 billion from $6.24 billion.

Energy:

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American International Group Inc reported a net income of $0.65 billion for the quarter ended September 2019 compared to a net loss of $1.26 billion a year earlier, while revenues increased +12.4% to $12.91 billion from $11.49 billion. Berkshire Hathaway's revenues increased +2.4% for the quarter ended September 2019 to $64.97 billion from $63.45 billion a year earlier, while net earnings fell -10.9% to $16.52 billion from $18.54 billion. Hartford Financial Services Group Inc's revenues increased +10.5% for the quarter ended September 2019 to $5.35 billion from $4.84 billion a year earlier, while net income rose +31.1% to $548.0 million from $418.0 million. Prudential Financial Inc's revenues decreased -10.4% for the quarter ended September 2019 to $12.93 billion from $14.43 billion a year earlier, while net income fell -15.0% to $1.42 billion from $1.67 billion.

Financials:

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Agilent Technologies Inc's net sales increased +5.1% for the year ended October 2019 to $5.16 billion from $4.91 billion a year earlier, while net income rose +234.4% to $1.07 billion from $0.32 billion. AbbVie Inc's revenues increased +2.9% for the quarter ended September 2019 to $8.48 billion from $8.24 billion a year earlier, while net earnings fell -31.6% to $1.88 billion from $2.75 billion.

Health Care:

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Company Reports (cont’d)

Allergan Plc reported a net loss of $786.8 million for the quarter ended September 2019 compared to a net loss of $37.9 million a year earlier, while revenues increased +3.6% to $4.05 billion from $3.91 billion. Becton Dickinson & Co's revenues increased +8.2% for the year ended September 2019 to $17.29 billion from $15.98 billion a year earlier, while net income rose +568.8% to $1.07 billion from $0.16 billion. CVS Health Corporation's revenues increased +36.5% for the quarter ended September 2019 to $64.81 billion from $47.49 billion a year earlier, while net income rose +10.1% to $1.53 billion from $1.39 billion. Medtronic Plc's net sales increased +3.1% for the quarter ended October 2019 to $7.71 billion from $7.48 billion a year earlier, while net income rose +21.4% to $1.36 billion from $1.12 billion. Zimmer Biomet Holdings Inc's net sales increased +2.7% for the quarter ended September 2019 to $1.89 billion from $1.84 billion a year earlier, while net earnings rose +165.8% to $431.1 million from $162.2 million.

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Emerson Electric Co's net sales increased +5.5% for the year ended September 2019 to $18.37 billion from $17.41 billion a year earlier, while net earnings rose +5.0% to $2.31 billion from $2.20 billion. Johnson Controls Inc's net sales increased +2.4% for the year ended September 2019 to $23.97 billion from $23.40 billion a year earlier, while net income rose +162.5% to $5.67 billion from $2.16 billion.

Industrials:

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Applied Materials Inc's net sales decreased -12.6% for the year ended October 2019 to $14.61 billion from $16.71 billion a year earlier, while net income fell -10.9% to $2.71 billion from $3.04 billion. Cisco Systems Inc's revenues increased +0.7% for the quarter ended October 2019 to $13.16 billion from $13.07 billion a year earlier, while net income fell -17.5% to $2.93 billion from $3.55 billion. Microchip Technology Inc's net sales decreased -6.3% for the quarter ended September 2019 to $1.34 billion from $1.43 billion a year earlier, while net income rose +13.1% to $108.9 million from $96.3 million. Qualcomm Inc reported a net income of $4.39 billion for the year ended September 2019 compared to a net loss of $4.96 billion a year earlier, while revenues increased +7.3% to $24.27 billion from $22.61 billion.

Information Technology:

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Linde plc's net sales increased +132.6% for the quarter ended September 2019 to $7.00 billion from $3.01 billion a year earlier, while net income rose +59.4% to $735.0 million from $461.0 million. LyondellBasell Industries Nv's revenues decreased -14.2% for the quarter ended September 2019 to $8.72 billion from $10.16 billion a year earlier, while net income fell -12.6% to $0.97 billion from $1.11 billion. Newmont Mining Corp reported a net income of $2.18 billion for the quarter ended September 2019 compared to a net loss of $0.15 billion a year earlier, while net sales increased +56.6% to $2.71 billion from $1.73 billion.

Materials:

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Dominion Resources Inc's revenues increased +23.8% for the quarter ended September 2019 to $4.27 billion from $3.45 billion a year earlier, while net income rose +14.2% to $975.0 million from $854.0 million. Duke Energy Corp's revenues increased +4.7% for the quarter ended September 2019 to $6.94 billion from $6.63 billion a year earlier, while net income rose +23.1% to $1.33 billion from $1.08 billion. Consolidated Edison Inc's revenues increased +1.2% for the quarter ended September 2019 to $3.37 billion from $3.33 billion a year earlier, while net income rose +8.7% to $473.0 million from $435.0 million. FirstEnergy Corp reported a net income of $391.0 million for the quarter ended September 2019 compared to a net loss of $512.0 million a year earlier, while revenues decreased -3.3% to $2.96 billion from $3.06 billion. PPL Corp's revenues increased +3.2% for the quarter ended September 2019 to $1.93 billion from $1.87 billion a year earlier, while net income rose +6.7% to $475.0 million from $445.0 million. Sempra Energy's revenues increased +7.4% for the quarter ended September 2019 to $2.76 billion from $2.57 billion a year earlier, while net income rose +196.7% to $813.0 million from $274.0 million.

Utilities:

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1. 1. "Activision Blizzard Reports Third-Quarter 2019 Results" https://investor.activision.com/news-releases/news-release-details/activision-blizzard-announces- third-quarter-2019-financial (Accessed November 11, 2019). 2. 2. "Walt Disney Reports Fiscal Year 2019 Results" https://www.thewaltdisneycompany.com/wp-content/uploads/2019/11/q4-fy19-earnings.pdf (Accessed November 8, 2019). 3. 3. "Lowe's Reports Third Quarter Results" https://lowes.gcs-web.com/news-releases/news-release-details/lowes-reports-third-quarter-sales-and-earnings-results- 10 (Accessed November 20, 2019). 4. 4. "Marriott International Reports Third Quarter 2019 Results" https://marriott.gcs-web.com/news-releases/news-release-details/marriott-international-reports- third-quarter-2019-results (Accessed November 11, 2019). 5. 5. "Target Reports Third Quarter 2019 Results" https://investors.target.com/news-releases/news-release-details/target-reports-third-quarter-2019-earnings (Accessed November 20, 2019). 6. 6. "Colgate Reports 3rd Quarter 2019 Results" https://investor.colgatepalmolive.com/news-releases/news-release-details/colgate-announces-3rd-quarter-2019

• results (Accessed November 11, 2019).

7. 7. "Sysco Corp Reports First Quarter 2020 Results" http://investors.sysco.com/~/media/Files/S/Sysco-IR/documents/quarterly-results/q1-2020-pr.pdf (Accessed November 11, 2019). 8. 8. "Tyson Foods Reports 2019 Results" https://ir.tyson.com/news/news-details/2019/Tyson-Foods-Reports-Fourth-Quarter-and-Fiscal-2019-Results/default.aspx (Accessed November 12, 2019). 9. 9. "Wal-Mart Stores Reports Third Quarter 2019 Results" https://s2.q4cdn.com/056532643/files/doc_financials/2020/q3/Earnings-Release-Q3-FY20.pdf (Accessed November 18, 2019). 10.

• 10. "Chevron Reports Third Quarter 2019 Results" https://chevroncorp.gcs-web.com/static-files/2efc44ab-cb62-4657-bac3-018df13dcc9a (Accessed November

8, 2019). 11.

• 11. "Occidental Petroleum Corp Reports Third Quarter 2019 Results" https://www.oxy.com/investors/Documents/Reports/Oxy3Q19Financials.pdf (Accessed

November 11, 2019). 12.

• 12. "Exxon Mobil Corporation Reports Third Quarter 2019 Results" https://exxonmobil.co/2QXvg4S (Accessed November 8, 2019).

13.

• 13. "American International Group Reports Third Quarter 2019 Results" https://www.aig.com/content/dam/aig/america-canada/us/documents/investor-

relations/2019/3q19-financial-supplement-10-31-19.pdf (Accessed November 11, 2019). 14.

• 14. "Berkshire Hathaway Reports Third Quarter 2019 Results" https://www.berkshirehathaway.com/qtrly/3rdqtr19.pdf (Accessed November 8, 2019).

15.

• 15. "The Hartford Reports Third Quarter 2019 Results" https://bit.ly/2Dns4HU (Accessed November 11, 2019).

16.

• 16. "Prudential Financial, Inc. Reports Third Quarter 2019 Results" http://s22.q4cdn.com/600663696/files/doc_financials/quarterly_reports/2019/q3/3Q19-

QFS-final.pdf (Accessed November 11, 2019). 17.

• 17. "Agilent Technologies Reports Fiscal Year 2019 Results" https://bit.ly/2KXpA7a (Accessed November 26, 2019).

18.

• 18. "AbbVie Reports Third-Quarter 2019 Results" https://investors.abbvie.com/news-releases/news-release-details/abbvie-reports-third-quarter-2019-financial-

results (Accessed November 8, 2019). 19.

• 19. "Allergan Reports Third Quarter 2019 Results" https://www.allergan.com/investors/quarterly-results (Accessed November 11, 2019).

20.

• 20. "Becton Dickinson & Co Reports 2019 Results" https://investors.bd.com/news-releases/news-release-details/bd-announces-results-2019-fourth-fiscal-quarter-

and-full-year (Accessed November 11, 2019). 21.

• 21. "CVS Health Corporation Reports Third-Quarter 2019 Results" https://s2.q4cdn.com/447711729/files/doc_financials/quarterly/2019/q3/Q3-19-Earnings-

Release.pdf (Accessed November 11, 2019). 22.

• 22. "Medtronic Reports Second Quarter Results" https://medtronic.gcs-web.com/static-files/186afa72-2cc4-4dfd-b582-b3ee1f862e22 (Accessed November 19,

2019). 23.

• 23. "Zimmer Biomet Reports Third Quarter 2019 Results" https://investor.zimmerbiomet.com/news-and-events/news/2019/11-05-2019-110023184 (Accessed

November 11, 2019). 24.

• 24. "Emerson Reports Full Year 2019 Results" https://www.emerson.com/documents/corporate/2019-4q-release-final-en-us-6136422.pdf (Accessed November

11, 2019). 25.

• 25. "Johnson Controls Inc Reports Full Year 2019 Results" https://investors.johnsoncontrols.com/~/media/Files/J/Johnson-Controls-IR/press-release/q4-2019-

pr.pdf (Accessed November 11, 2019). 26.

• 26. "Applied Materials Reports Fiscal 2019 Results" https://ir.appliedmaterials.com/static-files/2f063beb-69e0-43d2-8461-03e437293af4 (Accessed November

18, 2019).

Qui uick ck Li Links nks Company Reports (cont’d)

Wisconsin Energy Corp's revenues decreased -1.8% for the quarter ended September 2019 to $1.61 billion from $1.64 billion a year earlier, while net income rose +0.5% to $234.3 million from $233.2 million. Quick Link 39

27.

• 27. "Cisco Reports First Quarter Results" https://investor.cisco.com/news/news-details/2019/Cisco-Reports-First-Quarter-Earnings/default.aspx (Accessed

November 18, 2019). 28.

• 28. "MCHP Reports Results for Q2 FY20" https://www.microchip.com/investor/Pressrelease/MCHP%20Announces%20Financial%20Results%20for%

20Q2FY20.110519.pdf (Accessed November 11, 2019). 29.

• 29. "Qualcomm Reports Fiscal 2019 Results" https://bit.ly/33jIWtu (Accessed November 11, 2019).

30.

• 30. "Linde Reports Third-Quarter 2019 Results" https://bit.ly/35I3s8z (Accessed November 12, 2019).

31.

• 31. "LyondellBasell Reports Third Quarter 2019 Results" https://www.lyondellbasell.com/globalassets/investors/earnings-release/2019/q3/191030-3q19-

earnings-release.pdf?id=26573 (Accessed November 11, 2019). 32.

• 32. "Newmont Goldcorp Reports Third Quarter 2019 Results" https://www.newmontgoldcorp.com/newsroom/news-details/?newsId=03bcd9a7-a272-4ce5-

9aa4-739b76f5aff1 (Accessed November 11, 2019). 33.

• 33. "Dominion Energy Reports Third-Quarter Results" https://investors.dominionenergy.com/news/press-release-details/2019/Dominion-Energy-Announces-

Third-Quarter-Earnings/ (Accessed November 11, 2019). 34.

• 34. "Duke Energy Reports Third Quarter 2019 Results" https://www.duke-energy.com/_/media/pdfs/our-company/investors/news-and-

events/2019/3qresults/3rd-qtr-19-earnings.pdf?la=en (Accessed November 11, 2019). 35.

• 35. "Consolidated Edison Reports Third Quarter 2019 Results" https://investor.conedison.com/static-files/cc199c2b-efc9-4a3d-9955-7cc0f0093b99 (Accessed

November 11, 2019). 36.

• 36. "FirstEnergy Reports Third Quarter 2019 Results" https://investors.firstenergycorp.com/Cache/1500124908.PDF?

O=PDF&T=&Y=&D=&FID=1500124908&iid=4056944 (Accessed November 11, 2019). 37.

• 37. "PPL Corporation Reports Third-Quarter 2019 Results" https://pplweb.investorroom.com/2019-11-05-PPL-Corporation-Reports-Third-Quarter-2019-

Earnings?printable (Accessed November 11, 2019). 38.

• 38. "Sempra Energy Reports Third-Quarter 2019 Results" https://www.sempra.com/sempra-energy-reports-strong-third-quarter-2019-earnings (Accessed

November 11, 2019). 39.

• 39. "WEC Energy Group, Inc. Reports 2019 Third Quarter Results" https://s22.q4cdn.com/994559668/files/doc_financials/2019/Q3/2019-Q3-Final-WEC-

Earnings-Package.pdf (Accessed November 11, 2019).

Quick Links (cont’d)