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 6/30/2024. 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 6/30/2024. 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
93
503
Weighted Average Market Cap ($ Mil)
707,215
948,257
Median Market Cap ($ Mil)
85,567
4,742
Forecasted Tracking Error (Barra Predicted)
4.0%
-
Portfolio Beta (Barra Predicted)
0.87
-
Dividend Yield
1.9%
1.3%
Price/Earnings (Trailing 12 Months)
25.5x
21.7x
Price/Book Value
6.7x
7.0x
Annual Turnover (Trailing 12 Months)
15.6%
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
13.0%
Sharpe Ratio
0.89
Upside Capture
85%
Downside Capture
88%
GICS® SECTOR WEIGHTS (%) 2,
TWIN Dividend Select
S&P 500® Index
Active
Communications Services
2.0
9.3
-7.4
Consumer Discretionary
5.8
10.0
-4.2
Consumer Staples
10.6
5.8
4.8
Energy
4.3
3.7
0.6
Financials
18.6
12.4
6.2
Health Care
16.2
11.7
4.4
Industrials
10.0
8.1
1.9
Information Technology
26.5
32.5
-5.9
Materials
2.6
2.2
0.4
Real Estate
0.0
2.2
-2.2
Utilities
3.4
2.3
1.1
2See Disclosures
