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.
Category
Defensive/Reduced Volatility
Benchmark
S&P 500® Index
Inception
June 2010

Annualized Returns 1

As of 9/30/2022. Performance is preliminary. Returns for periods greater than a year are annualized. Past performance is not necessarily indicative of future results. 

Annual Rates of Return 1

As of 9/30/2022. Performance is preliminary. Returns for periods greater than a year are annualized. Past performance is not necessarily indicative of future results. 

*Inception June 2010

Strategy Characteristics 2
TWIN Dividend Select
S&P 500® Index
Number of Holdings
99
503
Weighted Average Market Cap ($ Mil)
258,691
438,190
Median Market Cap ($ Mil)
48,850
27,009
Forecasted Tracking Error (Barra Predicted)
4.2%
-
Portfolio Beta (Barra Predicted)
0.88
-
Dividend Yield
2.5%
1.8%
Price/Earnings (Trailing 12 Months)
16.0x
19.8x
Price/Book Value
5.4x
6.3x
Annual Turnover (Trailing 12 Months)
26.0%
Performance Characteristics (Gross of Fees) 14
TWIN Dividend Select
Alpha
-0.8%
Tracking Error
3.9%
Information Ratio
-0.2
Beta
0.85
Standard Deviation
12.8%
Sharpe Ratio
0.85
Upside Capture
86%
Downside Capture
87%
(Since inception - 6/1/2010)
GICS® SECTOR WEIGHTS (%) 2
TWIN Dividend Select
S&P 500® Index
Active
Communications Services
6.2
8.1
-1.9
Consumer Discretionary
8.0
11.7
-3.7
Consumer Staples
10.0
6.9
3.1
Energy
3.9
4.6
-0.7
Financials
12.7
11.0
1.7
Health Care
17.3
15.1
2.2
Industrials
8.4
7.9
0.5
Information Technology
27.1
26.3
0.8
Materials
2.4
2.5
-0.1
Real Estate
0
2.8
-2.8
Utilities
4.1
3.1
0.9
TWIN Capital Management
3244 Washington Road
Suite 202
McMurray, PA 15317
Phone
724.942.2000
Fax
724.942.2002

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