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 12/31/2024. 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 12/31/2024. Performance is preliminary. Returns for periods greater than a year are annualized. Past performance is not necessarily indicative of future results.
1See Disclosures
*Inception June 2010
Strategy Characteristics 2,
TWIN Dividend Select
S&P 500® Index
Number of Holdings
85
503
Weighted Average Market Cap ($ Mil)
805,301
1,054,462
Median Market Cap ($ Mil)
85,706
37,134
Forecasted Tracking Error (Barra Predicted)
4.4%
-
Portfolio Beta (Barra Predicted)
0.86
-
Dividend Yield
1.9%
1.3%
Price/Earnings (Trailing 12 Months)
24.6x
29.1x
Price/Book Value
8.6x
7.4x
Annual Turnover (Trailing 12 Months)
11.2%
2See Disclosures
Performance Characteristics (Gross of Fees) 1, 4,
TWIN Dividend Select
Alpha
-1.9%
Tracking Error
4.0%
Information Ratio
-0.5
Beta
0.86
Standard Deviation
12.9%
Sharpe Ratio
0.87
Upside Capture
85%
Downside Capture
88%
GICS® SECTOR WEIGHTS (%) 2,
TWIN Dividend Select
S&P 500® Index
Active
Communications Services
6.1
9.4
-3.3
Consumer Discretionary
8.8
11.3
-2.5
Consumer Staples
6.5
5.5
1.0
Energy
3.2
3.2
0.0
Financials
14.2
13.6
0.6
Health Care
11.2
10.1
1.1
Industrials
8.7
8.2
0.5
Information Technology
34.4
32.5
1.9
Materials
2.4
1.9
0.5
Real Estate
1.4
2.1
-0.7
Utilities
3.0
2.3
0.7
2See Disclosures
