Enhanced Equity
This Enhanced Index approach aims to deliver excess returns relative to its S&P 500Ⓡ benchmark while minimizing tracking error, providing a diversified portfolio as an alternative to passive investing.
Annualized Returns †, 1,
†As of 09/30/2026. Performance is preliminary. Returns for periods greater than a year are annualized. Past performance is not necessarily indicative of future results.
1See Disclosures
*Strategy inception 2/1/1995,
Enhanced Index Posture initiated 1/1/2001
Annual Rates of Return †, 1,
†As of 09/30/2026. Performance is preliminary. Returns for periods greater than a year are annualized. Past performance is not necessarily indicative of future results.
1See Disclosures
*Strategy inception 2/1/1995,
Enhanced Index Posture initiated 1/1/2001
Strategy Characteristics 2,
TWIN Enhanced Equity
S&P 500® Index
Number of Holdings
162
504
Weighted Average Market Cap ($ Mil)
1,512,328
1,540,785
Median Market Cap ($ Mil)
94,369
43,491
Forecasted Tracking Error (Barra Predicted)
1.2%
-
Portfolio Beta (Barra Predicted)
0.98
Dividend Yield
1.14%
1.12%
Price/Earnings (Trailing 12 Months)
25.3x
26.5x
Price/Book Value
10.0x
9.8x
Annual Turnover (Trailing 12 Months)
26.0%
2See Disclosures
Performance Characteristics (Gross of Fees) 1, 4,
TWIN Enhanced Equity
Alpha
0.7%
Tracking Error
1.4%
Information Ratio
0.47
Beta
0.98
Standard Deviation
14.8%
Sharpe Ratio
0.54
Upside Capture
99%
Downside Capture
96%
1See Disclosures
4See Disclosures
*Strategy inception 2/1/1995, Enhanced Index Posture initiated 1/1/2001
GICS® SECTOR WEIGHTS (%) 2,
TWIN Enhanced Equity
S&P 500® Index
Active
Communications Services
9.9
9.9
-0.1
Consumer Discretionary
8.7
8.6
0.1
Consumer Staples
4.3
4.4
0.0
Energy
3.5
3.4
0.1
Financials
11.4
11.4
0.0
Health Care
9.1
9.3
-0.1
Industrials
8.0
8.0
0.0
Information Technology
39.8
39.7
0.1
Materials
1.7
1.7
0.0
Real Estate
1.8
1.7
0.0
Utilities
1.9
1.9
0.0
2See Disclosures
