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 6/30/2024. 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 6/30/2024. 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)
1,066,599
948,257
Median Market Cap ($ Mil)
137,534
34,742
Forecasted Tracking Error (Barra Predicted)
2.2%
-
Portfolio Beta (Barra Predicted)
1.0
-
Dividend Yield
1.26%
1.34%
Price/Earnings (Trailing 12 Months)
26.2x
27.9x
Price/Book Value
6.3x
7.0x
Annual Turnover (Trailing 12 Months)
12.4%
2See Disclosures
Performance Characteristics (Gross of Fees) 1, 4,
TWIN Enhanced 50
Alpha
1.2%
Tracking Error
2.0%
Information Ratio
0.6
Beta
0.98
Standard Deviation
15.0%
Sharpe Ratio
0.69
1See Disclosures
4See Disclosures
GICS® SECTOR WEIGHTS (%) 2,
TWIN Enhanced 50
S&P 500® Index
Active
Communications Services
9.5
9.3
0.2
Consumer Discretionary
9.9
10.0
-0.1
Consumer Staples
5.7
5.8
-0.1
Energy
3.5
3.7
-0.2
Financials
12.3
12.4
-0.1
Health Care
12.1
11.7
0.4
Industrials
8.2
8.1
0.1
Information Technology
32.5
32.5
0.0
Materials
2.3
2.2
0.1
Real Estate
1.8
2.2
-0.4
Utilities
2.2
2.3
-0.1
2See Disclosures
