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 9/30/2019. 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 9/30/2019. 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
96
505
Weighted Average Market Cap ($ Mil)
190,355
230,186
Median Market Cap ($ Mil)
49,420
22,443
Forecasted Tracking Error (Barra Predicted)
2.6%
-
Portfolio Beta (Barra Predicted)
0.91
1.00
Dividend Yield
2.5%
2.0%
Price/Earnings (Trailing 12 Months)
19.1x
20.9x
Price/Book Value
5.7x
6.1x
Annual Turnover (Trailing 12 Months)
28.1%
Performance Characteristics (Gross of Fees) 14
TWIN Dividend Select
Alpha
0.1%
Tracking Error
3.6%
Information Ratio
0.03
Beta
0.82
Standard Deviation
10.5%
Sharpe Ratio
0.67
Upside Capture
88%
Downside Capture
80%
(Since inception - 6/1/2010)
GICS® SECTOR WEIGHTS 2
TWIN Dividend Select
S&P 500® Index
Active
Communications Services
8.2%
10.4%
-2.2%
Consumer Discretionary
7.7%
10.1%
-2.4%
Consumer Staples
11.1%
7.6%
3.5%
Energy
4.0%
4.5%
-0.5%
Financials
13.1%
12.9%
0.1%
Health Care
13.0%
13.7%
-0.6%
Industrials
10.6%
9.3%
1.2%
Information Technology
21.7%
21.9%
-0.2%
Materials
2.6%
2.7%
-0.1%
Real Estate
0.8%
3.2%
-2.5%
Utilities
7.2%
3.6%
3.7%
TWIN Capital Management
3244 Washington Road
Suite 202
McMurray, PA 15317
Phone
724.942.2000
Fax
724.942.2002
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