Enhanced Equity
This Enhanced Index approach aims to deliver excess returns relative to its S&P 500Ⓡ benchmark while minimizing tracking error, providing a diversified portfolio as an alternative to passive investing.
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
*Strategy inception 2/1/1995,
Enhanced Index Posture initiated 1/1/2001
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
*Strategy inception 2/1/1995,
Enhanced Index Posture initiated 1/1/2001
Strategy Characteristics 2,
TWIN Enhanced Equity
S&P 500® Index
Number of Holdings
161
503
Weighted Average Market Cap ($ Mil)
1,295,685
1,282,727
Median Market Cap ($ Mil)
90,054
37,587
Forecasted Tracking Error (Barra Predicted)
0.8%
-
Portfolio Beta (Barra Predicted)
1.00
Dividend Yield
1.22%
1.18%
Price/Earnings (Trailing 12 Months)
29.8x
31.0x
Price/Book Value
10.2x
7.8x
Annual Turnover (Trailing 12 Months)
22.0%
2See Disclosures
Performance Characteristics (Gross of Fees) 1, 4,
TWIN Enhanced Equity
Alpha
0.6%
Tracking Error
1.4%
Information Ratio
0.42
Beta
0.98
Standard Deviation
14.9%
Sharpe Ratio
0.50
Upside Capture
99%
Downside Capture
97%
1See Disclosures
4See Disclosures
*Strategy inception 2/1/1995, Enhanced Index Posture initiated 1/1/2001
GICS® SECTOR WEIGHTS (%) 2,
TWIN Enhanced Equity
S&P 500® Index
Active
Communications Services
10.1
10.1
0.0
Consumer Discretionary
10.6
10.5
0.0
Consumer Staples
4.9
4.9
0.0
Energy
2.9
2.9
0.0
Financials
13.4
13.5
-0.1
Health Care
9.0
8.9
0.0
Industrials
8.3
8.3
0.0
Information Technology
34.5
34.8
-0.2
Materials
1.9
1.8
0.1
Real Estate
2.0
1.9
0.1
Utilities
2.4
2.3
0.0
2See Disclosures
