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 3/31/2025. 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 3/31/2025. 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)
942,462
855,159
Median Market Cap ($ Mil)
183,329
35,656
Forecasted Tracking Error (Barra Predicted)
2.0%
-
Portfolio Beta (Barra Predicted)
1.0
-
Dividend Yield
1.3%
1.4%
Price/Earnings (Trailing 12 Months)
23.5x
23.9x
Price/Book Value
13.1x
7.3x
Annual Turnover (Trailing 12 Months)
17.5%
2See Disclosures
Performance Characteristics (Gross of Fees) 1, 4,
TWIN Enhanced 50
Alpha
0.8%
Tracking Error
2.0%
Information Ratio
0.38
Beta
0.98
Standard Deviation
14.9%
Sharpe Ratio
0.61
1See Disclosures
4See Disclosures
GICS® SECTOR WEIGHTS (%) 2,
TWIN Enhanced 50
S&P 500® Index
Active
Communications Services
9.3
9.2
0.1
Consumer Discretionary
10.2
10.3
-0.1
Consumer Staples
6.2
6.1
0.1
Energy
3.6
3.7
-0.1
Financials
14.9
14.7
0.2
Health Care
11.2
11.2
0.0
Industrials
8.6
8.5
0.1
Information Technology
29.2
29.6
-0.4
Materials
2.3
2.0
0.3
Real Estate
1.8
2.3
-0.5
Utilities
2.6
2.5
0.1
2See Disclosures
