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 12/31/2023. 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 12/31/2023. 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
85
503
Weighted Average Market Cap ($ Mil)
593,538
677,564
Median Market Cap ($ Mil)
70,683
33,545
Forecasted Tracking Error (Barra Predicted)
3.9%
-
Portfolio Beta (Barra Predicted)
0.87
-
Dividend Yield
2.1%
1.5%
Price/Earnings (Trailing 12 Months)
20.7x
26.4x
Price/Book Value
5.9x
6.4x
Annual Turnover (Trailing 12 Months)
18.9%
2See Disclosures
Performance Characteristics (Gross of Fees) 1, 4,
TWIN Dividend Select
Alpha
-1.4%
Tracking Error
4.0%
Information Ratio
-0.5
Beta
0.86
Standard Deviation
13.1%
Sharpe Ratio
0.86
Upside Capture
85%
Downside Capture
87%
GICS® SECTOR WEIGHTS (%) 2,
TWIN Dividend Select
S&P 500® Index
Active
Communications Services
4.8
8.6
-3.8
Consumer Discretionary
7.9
10.9
-3.0
Consumer Staples
9.6
6.2
3.4
Energy
4.1
3.9
0.2
Financials
15.4
13.0
2.4
Health Care
15.7
12.6
3.1
Industrials
10.0
8.0
1.2
Information Technology
26.9
28.9
-2.0
Materials
2.6
2.4
0.2
Real Estate
0
2.5
-2.5
Utilities
3.0
2.3
0.7
2See Disclosures