Dividend Select
A lower volatility portfolio that involves two levels of stock selection. We first create a universe of S&P 500® stocks with less return variability; and then select stocks from this universe using our TWIN Equity Model™ and Fundamental Tilt®. The goal is to outperform the S&P 500® over the long-term with significantly less risk (standard deviation) than the index itself.
Annualized Returns †, 1,
†As of 3/31/2024. Performance is preliminary. Returns for periods greater than a year are annualized. Past performance is not necessarily indicative of future results.
1See Disclosures
Annual Rates of Return †, 1,
†As of 3/31/2024. Performance is preliminary. Returns for periods greater than a year are annualized. Past performance is not necessarily indicative of future results.
1See Disclosures
*Inception June 2010
Strategy Characteristics 2,
TWIN Dividend Select
S&P 500® Index
Number of Holdings
87
503
Weighted Average Market Cap ($ Mil)
596,520
755,557
Median Market Cap ($ Mil)
81,816
35,088
Forecasted Tracking Error (Barra Predicted)
4.0%
-
Portfolio Beta (Barra Predicted)
0.87
-
Dividend Yield
1.9%
1.4%
Price/Earnings (Trailing 12 Months)
21.4x
27.4x
Price/Book Value
6.0x
6.3x
Annual Turnover (Trailing 12 Months)
17.5%
2See Disclosures
Performance Characteristics (Gross of Fees) 1, 4,
TWIN Dividend Select
Alpha
-1.5%
Tracking Error
3.9%
Information Ratio
-0.4
Beta
0.86
Standard Deviation
13.0%
Sharpe Ratio
0.90
Upside Capture
85%
Downside Capture
87%
GICS® SECTOR WEIGHTS (%) 2,
TWIN Dividend Select
S&P 500® Index
Active
Communications Services
4.5
9.0
-4.4
Consumer Discretionary
7.1
10.3
-3.2
Consumer Staples
9.5
6.0
3.5
Energy
4.3
4.0
0.3
Financials
19.0
13.2
5.8
Health Care
15.7
12.4
3.3
Industrials
9.0
8.8
0.2
Information Technology
24.7
29.6
-4.9
Materials
2.6
2.4
0.2
Real Estate
0.0
2.3
-2.3
Utilities
3.5
2.2
1.3
2See Disclosures
