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 9/30/2020. 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 9/30/2020. 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)
507,795
428,597
Median Market Cap ($ Mil)
143,366
22,713
Forecasted Tracking Error (Barra Predicted)
2.1%
-
Portfolio Beta (Barra Predicted)
0.99
-
Dividend Yield
1.5%
1.7%
Price/Earnings (Trailing 12 Months)
30.3x
27.9x
Price/Book Value
8.5x
8.3x
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
10.5%
10.8%
0.3%
Consumer Discretionary
11.7%
11.6%
0.1%
Consumer Staples
7.3%
7.0%
0.2%
Energy
1.9%
2.1%
-0.2%
Financials
9.7%%
9.7%
0.1%
Health Care
13.9%
14.2%
-0.3%
Industrials
8.2%
8.3%
-0.1%
Information Technology
28.2%
28.2%
0.1%
Materials
2.6%
2.6%
0.0%
Real Estate
2.7%
2.6%
0.1%
Utilities
3.3%
3.0%
0.4%
2See Disclosures
