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 12/31/2020. 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 12/31/2020. 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)
537,642
461,479
Median Market Cap ($ Mil)
150,911
25,643
Forecasted Tracking Error (Barra Predicted)
2.1%
-
Portfolio Beta (Barra Predicted)
1.00
-
Dividend Yield
1.4%
1.5%
Price/Earnings (Trailing 12 Months)
29.6x
29.8x
Price/Book Value
7.4x
7.1x
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
10.9%
10.8%
0.2%
Consumer Discretionary
11.6%
12.7%
-1.1%
Consumer Staples
6.9%
6.5%
0.4%
Energy
2.2%
2.3%
-0.1%
Financials
10.7%
10.4%
0.3%
Health Care
13.9%
13.5%
0.4%
Industrials
8.4%
8.4%
0.0%
Information Technology
27.0%
27.6%
-0.6%
Materials
2.7%
2.6%
0.1%
Real Estate
2.6%
2.4%
0.2%
Utilities
3.1%
2.8%
0.3%
2See Disclosures
