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 3/31/2024. 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 3/31/2024. 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)
864,012
755,557
Median Market Cap ($ Mil)
140,255
35,088
Forecasted Tracking Error (Barra Predicted)
2.3%
-
Portfolio Beta (Barra Predicted)
1.02
-
Dividend Yield
1.2%
1.4%
Price/Earnings (Trailing 12 Months)
29.6x
27.4x
Price/Book Value
6.3x
6.3x
Annual Turnover (Trailing 12 Months)
13.7%
2See Disclosures
Performance Characteristics (Gross of Fees) 1, 4,
TWIN Enhanced 50
Alpha
1.1%
Tracking Error
2.0%
Information Ratio
0.6
Beta
0.98
Standard Deviation
15.0%
Sharpe Ratio
0.68
1See Disclosures
4See Disclosures
GICS® SECTOR WEIGHTS (%) 2,
TWIN Enhanced 50
S&P 500® Index
Active
Communications Services
9.4
9.0
0.4
Consumer Discretionary
10.2
10.3
-0.1
Consumer Staples
5.9
6.0
-0.1
Energy
3.7
4.0
-0.3
Financials
12.7
13.2
-0.5
Health Care
12.9
12.4
0.5
Industrials
9.0
8.8
0.2
Information Technology
29.6
29.6
0.0
Materials
2.5
2.4
0.1
Real Estate
2.2
2.3
-0.1
Utilities
1.9
2.2
-0.3
2See Disclosures
