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 6/30/2020. 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 6/30/2020. 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
505
Weighted Average Market Cap ($ Mil)
438,256
365,559
Median Market Cap ($ Mil)
118,155
21,332
Forecasted Tracking Error (Barra Predicted)
2.1%
-
Portfolio Beta (Barra Predicted)
0.98
1.00
Dividend Yield
1.7%
1.9%
Price/Earnings (Trailing 12 Months)
24.3x
23.2x
Price/Book Value
7.0x
7.0x
Annual Turnover (Trailing 12 Months)
17.4%
2See Disclosures
Performance Characteristics (Gross of Fees) 1, 4,
TWIN Enhanced 50
Alpha*
Tracking Error*
Information Ratio*
Beta*
Standard Deviation*
Sharpe Ratio*
Upside Capture*
Downside Capture*
1See Disclosures
4See Disclosures
*Data not provided for strategies with less than 3-year track record
GICS® SECTOR WEIGHTS 2,
TWIN Enhanced 50
S&P 500® Index
Active
Communications Services
10.7%
10.8%
-0.1%
Consumer Discretionary
17.1%
10.8%
0.3%
Consumer Staples
7.4%
7.0%
0.4%
Energy
2.6%
2.8%
-0.2%
Financials
9.9%
10.1%
-0.2%
Health Care
14.5%
14.6%
-0.1%
Industrials
7.8%
8.0%
-0.1%
Information Technology
27.6%
27.5%
0.1%
Materials
2.5%
2.5%
0.0%
Real Estate
2.8%
2.8%
0.0%
Utilities
3.0%
3.1%
-0.1%
2See Disclosures
