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 12/31/2019. 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 12/31/2019. 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)
322,518
269,811
Median Market Cap ($ Mil)
137,087
23,590
Forecasted Tracking Error (Barra Predicted)
1.9%
-
Portfolio Beta (Barra Predicted)
1.00
1.00
Dividend Yield
1.7%
1.9%
Price/Earnings (Trailing 12 Months)
22.5x
23.2x
Price/Book Value
6.2x
5.9x
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
10.8%
10.4%
0.4%
Consumer Discretionary
9.9%
9.8%
0.2%
Consumer Staples
7.9%
7.2%
0.7%
Energy
3.9%
4.3%
-0.5%
Financials
13.5%
13.0%
0.5%
Health Care
14.0%
14.2%
-0.2%
Industrials
8.6%
9.1%
-0.4%
Information Technology
22.6%
23.2%
-0.6%
Materials
2.1%
2.7%
-0.6%
Real Estate
3.2%
2.9%
0.3%
Utilities
3.5%
3.3%
0.2%
2See Disclosures
