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 6/30/2025. 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 6/30/2025. 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
85
503
Weighted Average Market Cap ($ Mil)
800,030
1,088,788
Median Market Cap ($ Mil)
103,468
36,715
Forecasted Tracking Error (Barra Predicted)
4.6%
-
Portfolio Beta (Barra Predicted)
0.86
-
Dividend Yield
1.9%
1.3%
Price/Earnings (Trailing 12 Months)
23.3x
29.7x
Price/Book Value
8.8x
7.0x
Annual Turnover (Trailing 12 Months)
13.0%
2See Disclosures
Performance Characteristics (Gross of Fees) 1, 4,
TWIN Dividend Select
Alpha
-1.9%
Tracking Error
4.0%
Information Ratio
-0.46
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
6.7
9.8
-3.1
Consumer Discretionary
9.9
10.4
-0.4
Consumer Staples
6.2
5.5
0.7
Energy
3.1
3.0
0.1
Financials
14.6
14.0
0.5
Health Care
9.6
9.3
0.3
Industrials
9.1
8.6
0.5
Information Technology
34.9
33.1
1.8
Materials
1.8
1.9
-0.1
Real Estate
1.6
2.0
-0.5
Utilities
2.6
2.4
0.2
2See Disclosures
