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 9/30/2022. 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 9/30/2022. 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)
499,143
438,190
Median Market Cap ($ Mil)
121,264
27,009
Forecasted Tracking Error (Barra Predicted)
2.0%
-
Portfolio Beta (Barra Predicted)
1.00
-
Dividend Yield
1.7%
1.8%
Price/Earnings (Trailing 12 Months)
19.5x
19.8x
Price/Book Value
6.7x
6.3x
Annual Turnover (Trailing 12 Months)
13.1%
2See Disclosures
Performance Characteristics (Gross of Fees) 1, 4,
TWIN Enhanced 50
Alpha
-0.3%
Tracking Error
1.8%
Information Ratio
-0.16
Beta
0.97
Standard Deviation
15.0%
Sharpe Ratio
1.37
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
7.6
8.1
-0.5
Consumer Discretionary
11.2
11.7
-0.5
Consumer Staples
7.1
6.9
0.2
Energy
4.5
4.6
-0.1
Financials
11.2
11.0
0.2
Health Care
15.7
15.1
0.6
Industrials
8.9
7.9
1.0
Information Technology
25.8
26.3
-0.6
Materials
2.4
2.5
-0.1
Real Estate
2.6
2.8
-0.2
Utilities
2.9
3.1
-0.3
2See Disclosures
