Mobius is a new smart beta strategy that intelligently selects factors as market conditions change. Unlike existing smart beta strategies that maintain exposure to a single or linear set of objective factors, Mobius algorithmically assesses current market conditions and selects the factor which is most likely to outperform. This dynamic yet systematic factor selection allows Mobius to outperform passive market indices on both a total return and risk-adjusted basis at lower costs than most actively managed strategies.