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 6/30/2023. 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 6/30/2023. 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
86
503
Weighted Average Market Cap ($ Mil)
580,387
643,489
Median Market Cap ($ Mil)
66,602
30,611
Forecasted Tracking Error (Barra Predicted)
3.2%
-
Portfolio Beta (Barra Predicted)
0.91
-
Dividend Yield
2.2%
1.5%
Price/Earnings (Trailing 12 Months)
17.9x
24.1x
Price/Book Value
5.4x
6.7x
Annual Turnover (Trailing 12 Months)
29.1%
2See Disclosures
Performance Characteristics (Gross of Fees) 1, 4,
TWIN Dividend Select
Alpha
-1.2%
Tracking Error
4.0%
Information Ratio
-0.3
Beta
0.86
Standard Deviation
13.1%
Sharpe Ratio
0.89
Upside Capture
86%
Downside Capture
87%
GICS® SECTOR WEIGHTS (%) 2,
TWIN Dividend Select
S&P 500® Index
Active
Communications Services
7.0
8.4
-1.4
Consumer Discretionary
7.0
10.7
-3.7
Consumer Staples
9.9
6.7
3.3
Energy
4.0
4.1
-0.1
Financials
14.2
12.4
1.7
Health Care
15.2
13.4
1.7
Industrials
9.9
8.6
1.3
Information Technology
26.3
28.3
-2.0
Materials
2.6
2.5
0.1
Real Estate
0.9
2.4
-1.5
Utilities
3.2
2.6
0.6
2See Disclosures
