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 12/31/2022. 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 12/31/2022. 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
93
503
Weighted Average Market Cap ($ Mil)
387,960
391,699
Median Market Cap ($ Mil)
57,091
29,391
Forecasted Tracking Error (Barra Predicted)
3.5%
-
Portfolio Beta (Barra Predicted)
0.88
-
Dividend Yield
2.2%
1.7%
Price/Earnings (Trailing 12 Months)
15.3x
17.4x
Price/Book Value
4.9x
5.8x
Annual Turnover (Trailing 12 Months)
31.7%
2See Disclosures
Performance Characteristics (Gross of Fees) 1, 4,
TWIN Dividend Select
Alpha
-0.6%
Tracking Error
3.9%
Information Ratio
-0.1
Beta
0.86
Standard Deviation
13.1%
Sharpe Ratio
0.88
Upside Capture
86%
Downside Capture
86%
GICS® SECTOR WEIGHTS (%) 2,
TWIN Dividend Select
S&P 500® Index
Active
Communications Services
6.4
7.3
-0.8
Consumer Discretionary
8.7
9.8
-1.1
Consumer Staples
10.5
7.2
3.3
Energy
4.3
5.2
-1.0
Financials
12.7
11.7
1.0
Health Care
17.3
15.8
1.5
Industrials
8.3
8.7
-0.4
Information Technology
25.5
25.7
-0.2
Materials
2.1
2.7
-0.6
Real Estate
0.9
2.7
-1.8
Utilities
3.3
3.2
0.1
2See Disclosures
