Dividend Select
A lower volatility portfolio that involves two levels of stock selection. We first create a universe of S&P 500® stocks with less return variability; and then select stocks from this universe using our TWIN Equity Model™ and Fundamental Tilt®. The goal is to outperform the S&P 500® over the long-term with significantly less risk (standard deviation) than the index itself.
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 June 2010
Strategy Characteristics 2,
TWIN Dividend Select
S&P 500® Index
Number of Holdings
83
503
Weighted Average Market Cap ($ Mil)
668,962
855,159
Median Market Cap ($ Mil)
94.773
35,656
Forecasted Tracking Error (Barra Predicted)
4.6%
-
Portfolio Beta (Barra Predicted)
0.86
-
Dividend Yield
2.4%
1.4%
Price/Earnings (Trailing 12 Months)
20.0x
23.9x
Price/Book Value
8.6x
7.3x
Annual Turnover (Trailing 12 Months)
11.1%
2See Disclosures
Performance Characteristics (Gross of Fees) 1, 4,
TWIN Dividend Select
Alpha
-1.6%
Tracking Error
4.0%
Information Ratio
-0.4
Beta
0.86
Standard Deviation
12.9%
Sharpe Ratio
0.85
Upside Capture
85%
Downside Capture
89%
GICS® SECTOR WEIGHTS (%) 2,
TWIN Dividend Select
S&P 500® Index
Active
Communications Services
7.0
9.2
-2.2
Consumer Discretionary
9.9
10.3
-0.4
Consumer Staples
6.8
6.1
0.7
Energy
3.7
3.7
0.0
Financials
14.4
14.7
-0.3
Health Care
11.8
11.2
0.6
Industrials
8.8
8.5
0.3
Information Technology
30.2
29.6
0.6
Materials
2.2
2.0
0.2
Real Estate
1.7
2.3
-0.6
Utilities
3.5
2.5
-0.1
2See Disclosures
