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 12/31/2025. 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 12/31/2025. 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
82
503
Weighted Average Market Cap ($ Mil)
951,418
1,304,265
Median Market Cap ($ Mil)
109,221
38,576
Forecasted Tracking Error (Barra Predicted)
4.0%
-
Portfolio Beta (Barra Predicted)
0.86
-
Dividend Yield
1.9%
1.2%
Price/Earnings (Trailing 12 Months)
23.9x
30.1x
Price/Book Value
10.2x
8.0x
Annual Turnover (Trailing 12 Months)
9.6%
2See Disclosures
Performance Characteristics (Gross of Fees) 1, 4,
TWIN Dividend Select
Alpha
-2.0%
Tracking Error
4.0%
Information Ratio
-0.50
Beta
0.86
Standard Deviation
12.7%
Sharpe Ratio
0.88
Upside Capture
84%
Downside Capture
88%
GICS® SECTOR WEIGHTS (%) 2,
TWIN Dividend Select
S&P 500® Index
Active
Communications Services
7.1
10.6
-3.5
Consumer Discretionary
9.8
10.4
-0.7
Consumer Staples
4.5
4.7
-0.2
Energy
3.0
2.8
0.2
Financials
14.4
13.4
1.0
Health Care
11.1
9.6
1.5
Industrials
8.3
8.2
0.1
Information Technology
36.5
34.4
2.1
Materials
1.6
1.8
-0.2
Real Estate
1.3
1.8
-0.5
Utilities
2.5
2.3
0.2
2See Disclosures
