TWIN Enhanced 50
This concentrated Tax-Managed Enhanced Index approach aims to consistently outperform the S&P 500Ⓡ benchmark after-taxes, while taking similar or less risk than the market. This strategy holds 50 or less stocks.
Annualized Returns †, 1,
†As of 3/31/2025. Performance is preliminary. Returns for periods greater than a year are annualized. Past performance is not necessarily indicative of future results.
1See Disclosures
Annual Rates of Return †, 1,
†As of 3/31/2025. Performance is preliminary. Returns for periods greater than a year are annualized. Past performance is not necessarily indicative of future results.
1See Disclosures
*Inception October 1, 2018
Strategy Characteristics 2,
TWIN Enhanced 50
S&P 500® Index
Number of Holdings
50
503
Weighted Average Market Cap ($ Mil)
1,192,195
1,088,788
Median Market Cap ($ Mil)
183,601
36,715
Forecasted Tracking Error (Barra Predicted)
1.9%
-
Portfolio Beta (Barra Predicted)
0.99
-
Dividend Yield
1.3%
1.4%
Price/Earnings (Trailing 12 Months)
28.9x
29.7x
Price/Book Value
6.8x
7.0x
Annual Turnover (Trailing 12 Months)
17.3%
2See Disclosures
Performance Characteristics (Gross of Fees) 1, 4,
TWIN Enhanced 50
Alpha
0.9%
Tracking Error
2.0%
Information Ratio
0.45
Beta
0.98
Standard Deviation
14.9%
Sharpe Ratio
0.70
1See Disclosures
4See Disclosures
GICS® SECTOR WEIGHTS (%) 2,
TWIN Enhanced 50
S&P 500® Index
Active
Communications Services
10.3
9.8
0.5
Consumer Discretionary
10.1
10.4
-0.3
Consumer Staples
5.1
5.5
-0.4
Energy
2.9
3.0
-0.1
Financials
14.7
14.0
0.7
Health Care
9.7
9.3
0.3
Industrials
8.8
8.6
0.2
Information Technology
32.6
33.1
-0.5
Materials
1.7
1.9
-0.2
Real Estate
1.9
2.0
-0.1
Utilities
2.3
2.4
-0.1
2See Disclosures
