FINRA Series 6

Answer: D - As a value fund, Glamourless invests primarily in stocks with low earnings growth rates. Because these firms don’t need as much money to support a high growth rate, they tend to have high dividend yields. Their betas are generally less than 1.0, the average stock beta. Value stocks are generally out of favor, which results in low price-earnings ratios since investors aren’t clamoring to buy them.