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 06/30/2026. 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 06/30/2026. 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
162
504
Weighted Average Market Cap ($ Mil)
1,279,896
1,282,626
Median Market Cap ($ Mil)
91,640
43,837
Forecasted Tracking Error (Barra Predicted)
1.1%
-
Portfolio Beta (Barra Predicted)
0.98
Dividend Yield
1.14%
1.12%
Price/Earnings (Trailing 12 Months)
27.4x
27.6x
Price/Book Value
9.6x
7.1x
Annual Turnover (Trailing 12 Months)
25.6%
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
0.53
Upside Capture
99%
Downside Capture
96%
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
9.6
9.7
-0.1
Consumer Discretionary
9.3
9.3
0.0
Consumer Staples
4.6
4.6
0.0
Energy
3.0
3.0
0.0
Financials
11.8
11.8
0.0
Health Care
8.8
8.9
-0.1
Industrials
8.8
8.9
-0.1
Information Technology
38.1
38.0
0.1
Materials
1.8
1.8
0.0
Real Estate
1.9
1.8
0.1
Utilities
2.2
2.2
0.0
2See Disclosures
