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 3/31/2020. 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 3/31/2020. 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)
315,456
265,610
Median Market Cap ($ Mil)
107,884
17,449
Forecasted Tracking Error (Barra Predicted)
3.1%
-
Portfolio Beta (Barra Predicted)
0.97
1.00
Dividend Yield
2.1%
2.4%
Price/Earnings (Trailing 12 Months)
20.7x
20.8x
Price/Book Value
7.0x
6.9x
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
10.6%
10.7%
-0.2%
Consumer Discretionary
10.1%
9.8%
0.3%
Consumer Staples
7.9%
7.8%
0.1%
Energy
2.5%
2.6%
-0.2%
Financials
11.1%
10.9%
0.2%
Health Care
15.5%
15.4%
0.1%
Industrials
8.3%
8.2%
0.1%
Information Technology
25.4%
25.5%
-0.1%
Materials
1.8%
2.4%
-0.6%
Real Estate
3.3%
3.0%
0.3%
Utilities
3.6%
3.6%
0.0%
2See Disclosures
