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 9/30/2024. 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 9/30/2024. 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)
1,050,631
946,319
Median Market Cap ($ Mil)
153,950
38,164
Forecasted Tracking Error (Barra Predicted)
2.1%
-
Portfolio Beta (Barra Predicted)
1.0
-
Dividend Yield
1.22%
1.30%
Price/Earnings (Trailing 12 Months)
28.8x
29.8x
Price/Book Value
6.3x
7.0x
Annual Turnover (Trailing 12 Months)
11.7%
2See Disclosures
Performance Characteristics (Gross of Fees) 1, 4,
TWIN Enhanced 50
Alpha
1.0%
Tracking Error
2.0%
Information Ratio
0.48
Beta
0.98
Standard Deviation
15.0%
Sharpe Ratio
0.71
1See Disclosures
4See Disclosures
GICS® SECTOR WEIGHTS (%) 2,
TWIN Enhanced 50
S&P 500® Index
Active
Communications Services
9.2
0.9
0.3
Consumer Discretionary
10.3
10.1
0.2
Consumer Staples
5.6
5.9
-0.3
Energy
3.4
3.3
0.1
Financials
12.4
12.9
-0.5
Health Care
12.2
11.6
0.6
Industrials
9.1
8.5
0.6
Information Technology
30.8
31.7
-0.9
Materials
2.3
2.2
0.1
Real Estate
2.1
2.3
-0.2
Utilities
2.4
2.5
-0.1
2See Disclosures
