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 9/30/2024. 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 9/30/2024. 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
95
503
Weighted Average Market Cap ($ Mil)
701,350
946,319
Median Market Cap ($ Mil)
104,897
38,164
Forecasted Tracking Error (Barra Predicted)
4.0%
-
Portfolio Beta (Barra Predicted)
0.86
-
Dividend Yield
1.9%
1.3%
Price/Earnings (Trailing 12 Months)
25.5x
21.7x
Price/Book Value
6.6x
7.0x
Annual Turnover (Trailing 12 Months)
12.6%
2See Disclosures
Performance Characteristics (Gross of Fees) 1, 4,
TWIN Dividend Select
Alpha
-1.7%
Tracking Error
3.9%
Information Ratio
-0.4
Beta
0.86
Standard Deviation
12.9%
Sharpe Ratio
0.91
Upside Capture
85%
Downside Capture
88%
GICS® SECTOR WEIGHTS (%) 2,
TWIN Dividend Select
S&P 500® Index
Active
Communications Services
2.0
8.9
-6.9
Consumer Discretionary
6.3
10.1
-3.8
Consumer Staples
9.2
5.9
3.3
Energy
2.1
3.3
-1.2
Financials
19.1
12.9
6.2
Health Care
18.1
11.6
6.5
Industrials
11
8.5
2.5
Information Technology
25.2
31.7
-6.5
Materials
2.7
2.2
0.5
Real Estate
0.6
2.3
-1.7
Utilities
3.7
2.5
1.2
2See Disclosures
