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 12/31/2025. 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 12/31/2025. 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
159
503
Weighted Average Market Cap ($ Mil)
1,325,054
1,304,265
Median Market Cap ($ Mil)
96,016
38,576
Forecasted Tracking Error (Barra Predicted)
0.8%
-
Portfolio Beta (Barra Predicted)
0.98
Dividend Yield
1.22%
1.18%
Price/Earnings (Trailing 12 Months)
29.1x
30.1x
Price/Book Value
8.5x
8.0x
Annual Turnover (Trailing 12 Months)
24.9%
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
14.8%
Sharpe Ratio
0.52
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
10.6
10.6
0.0
Consumer Discretionary
10.3
10.4
-0.1
Consumer Staples
4.9
4.7
0.2
Energy
2.7
2.8
-0.1
Financials
13.4
13.4
0.0
Health Care
9.7
9.6
0.1
Industrials
7.8
8.2
-0.3
Information Technology
34.6
34.4
0.1
Materials
1.7
1.8
-0.2
Real Estate
1.9
1.8
0.1
Utilities
2.3
2.3
0.1
2See Disclosures
