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 9/30/2025. 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 9/30/2025. 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
81
503
Weighted Average Market Cap ($ Mil)
940,328
1,282,727
Median Market Cap ($ Mil)
112,530
37,587
Forecasted Tracking Error (Barra Predicted)
4.6%
-
Portfolio Beta (Barra Predicted)
0.86
-
Dividend Yield
1.8%
1.2%
Price/Earnings (Trailing 12 Months)
25.0x
31.0x
Price/Book Value
9.0x
7.8x
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
-0.48
Beta
0.86
Standard Deviation
12.8%
Sharpe Ratio
0.89
Upside Capture
85%
Downside Capture
88%
GICS® SECTOR WEIGHTS (%) 2,
TWIN Dividend Select
S&P 500® Index
Active
Communications Services
7.0
10.1
-3.2
Consumer Discretionary
10.3
10.5
-0.2
Consumer Staples
5.2
4.9
0.3
Energy
3.0
2.9
0.1
Financials
13.8
13.5
0.3
Health Care
9.5
8.9
0.6
Industrials
8.4
8.3
0.1
Information Technology
37.4
34.8
2.6
Materials
1.7
1.8
-0.1
Real Estate
1.3
1.9
-0.6
Utilities
2.5
2.3
0.2
2See Disclosures
