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 9/30/2025. 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 9/30/2025. 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
49
503
Weighted Average Market Cap ($ Mil)
1,406,523
1,282,727
Median Market Cap ($ Mil)
192,273
37,587
Forecasted Tracking Error (Barra Predicted)
2.0%
-
Portfolio Beta (Barra Predicted)
0.99
-
Dividend Yield
1.14%
1.18%
Price/Earnings (Trailing 12 Months)
30.1x
31.0x
Price/Book Value
10.1x
7.8x
Annual Turnover (Trailing 12 Months)
16.7%
2See Disclosures
Performance Characteristics (Gross of Fees) 1, 4,
TWIN Enhanced 50
Alpha
1.1%
Tracking Error
2.0%
Information Ratio
0.57
Beta
0.98
Standard Deviation
14.9%
Sharpe Ratio
0.76
1See Disclosures
4See Disclosures
GICS® SECTOR WEIGHTS (%) 2,
TWIN Enhanced 50
S&P 500® Index
Active
Communications Services
10.4
10.1
0.2
Consumer Discretionary
10.6
10.5
0.1
Consumer Staples
5.0
4.9
0.1
Energy
2.8
2.9
-0.1
Financials
13.5
13.5
0.0
Health Care
9.3
8.9
0.4
Industrials
8.7
8.3
0.4
Information Technology
34.1
34.8
-0.6
Materials
1.5
1.8
-0.3
Real Estate
1.8
1.9
-0.1
Utilities
2.2
2.3
-0.2
2See Disclosures
