TWIN Enhanced 50
This concentrated Tax-Managed Enhanced Index approach aims to consistently outperform the S&P 500Ⓡ benchmark after-taxes, while taking similar or less risk than the market. This strategy holds 50 or less stocks.
Annualized Returns †, 1,
†As of 9/30/2023. 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 9/30/2023. Performance is preliminary. Returns for periods greater than a year are annualized. Past performance is not necessarily indicative of future results.
1See Disclosures
*Inception October 1, 2018
Strategy Characteristics 2,
TWIN Enhanced 50
S&P 500® Index
Number of Holdings
50
503
Weighted Average Market Cap ($ Mil)
665,039
586,299
Median Market Cap ($ Mil)
120,542
29,983
Forecasted Tracking Error (Barra Predicted)
2.1%
-
Portfolio Beta (Barra Predicted)
1.0
-
Dividend Yield
1.4%
1.6%
Price/Earnings (Trailing 12 Months)
23.4x
23.1x
Price/Book Value
6.4x
6.5x
Annual Turnover (Trailing 12 Months)
25.2%
2See Disclosures
Performance Characteristics (Gross of Fees) 1, 4,
TWIN Enhanced 50
Alpha
0.5%
Tracking Error
1.9%
Information Ratio
0.25
Beta
0.97
Standard Deviation
15.0%
Sharpe Ratio
0.47
1See Disclosures
4See Disclosures
GICS® SECTOR WEIGHTS (%) 2,
TWIN Enhanced 50
S&P 500® Index
Active
Communications Services
8.8
8.9
-0.1
Consumer Discretionary
10.5
10.7
-0.2
Consumer Staples
6.4
6.6
-0.2
Energy
4.8
4.7
0.1
Financials
12.6
12.8
-0.2
Health Care
13.4
13.4
0.0
Industrials
8.1
8.3
-0.2
Information Technology
27.6
27.5
0.1
Materials
2.7
2.4
0.3
Real Estate
2.3
2.4
-0.1
Utilities
2.8
2.4
0.4
2See Disclosures
