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 12/31/2023. 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 12/31/2023. 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)
755,298
677,564
Median Market Cap ($ Mil)
128,028
33,545
Forecasted Tracking Error (Barra Predicted)
2.0%
-
Portfolio Beta (Barra Predicted)
0.99
-
Dividend Yield
1.34%
1.5%
Price/Earnings (Trailing 12 Months)
25.4x
26.4x
Price/Book Value
6.1x
6.4x
Annual Turnover (Trailing 12 Months)
17.5%
2See Disclosures
Performance Characteristics (Gross of Fees) 1, 4,
TWIN Enhanced 50
Alpha
0.5%
Tracking Error
1.8%
Information Ratio
0.3
Beta
0.97
Standard Deviation
15.1%
Sharpe Ratio
0.56
1See Disclosures
4See Disclosures
GICS® SECTOR WEIGHTS (%) 2,
TWIN Enhanced 50
S&P 500® Index
Active
Communications Services
9.0
8.6
0.4
Consumer Discretionary
10.4
10.9
-0.5
Consumer Staples
6.3
6.2
0.1
Energy
3.7
3.9
-0.2
Financials
12.9
13.0
-0.1
Health Care
12.9
12.6
0.3
Industrials
9.0
8.8
0.2
Information Technology
28.3
28.9
-0.6
Materials
2.5
2.4
0.1
Real Estate
2.5
2.5
0.0
Utilities
2.6
2.3
0.3
2See Disclosures