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 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
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
*Inception October 1, 2018
Strategy Characteristics 2,
TWIN Enhanced 50
S&P 500® Index
Number of Holdings
50
503
Weighted Average Market Cap ($ Mil)
1,426,659
1,304,265
Median Market Cap ($ Mil)
222,500
38,576
Forecasted Tracking Error (Barra Predicted)
2.0%
-
Portfolio Beta (Barra Predicted)
1.00
-
Dividend Yield
1.03%
1.18%
Price/Earnings (Trailing 12 Months)
29.0x
30.1x
Price/Book Value
9.0x
8.0x
Annual Turnover (Trailing 12 Months)
13.8%
2See Disclosures
Performance Characteristics (Gross of Fees) 1, 4,
TWIN Enhanced 50
Alpha
1.3%
Tracking Error
1.9%
Information Ratio
0.65
Beta
0.98
Standard Deviation
14.8%
Sharpe Ratio
0.77
1See Disclosures
4See Disclosures
GICS® SECTOR WEIGHTS (%) 2,
TWIN Enhanced 50
S&P 500® Index
Active
Communications Services
10.4
10.6
-0.2
Consumer Discretionary
10.2
10.4
-0.2
Consumer Staples
4.8
4.7
0.1
Energy
2.8
2.8
0.0
Financials
13.5
13.4
0.1
Health Care
10.0
9.6
0.4
Industrials
8.2
8.2
0.0
Information Technology
34.8
34.4
0.4
Materials
1.5
1.8
-0.3
Real Estate
1.8
1.8
0.0
Utilities
2.0
2.3
-0.3
2See Disclosures
