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 3/31/2023. 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 3/31/2023. 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)
583,795
510,937
Median Market Cap ($ Mil)
141,720
29,890
Forecasted Tracking Error (Barra Predicted)
2.0%
-
Portfolio Beta (Barra Predicted)
0.98
-
Dividend Yield
1.5%
1.6%
Price/Earnings (Trailing 12 Months)
22.9x
22.8x
Price/Book Value
6.1x
5.9x
Annual Turnover (Trailing 12 Months)
31.9%
2See Disclosures
Performance Characteristics (Gross of Fees) 1, 4,
TWIN Enhanced 50
Alpha
-0.1%
Tracking Error
1.8%
Information Ratio
-0.06
Beta
0.97
Standard Deviation
15.1%
Sharpe Ratio
2.4
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
8.4
8.1
0.3
Consumer Discretionary
9.9
10.1
-0.2
Consumer Staples
7.2
7.2
0.0
Energy
4.9
4.6
0.3
Financials
15.1
12.9
2.2
Health Care
14.1
14.2
-0.1
Industrials
9.0
8.7
0.3
Information Technology
23.8
26.1
-2.2
Materials
2.6
2.6
0.0
Real Estate
2.5
2.6
-0.1
Utilities
2.6
2.9
-0.3
2See Disclosures
