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 09/30/2026. 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 09/30/2026. 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
504
Weighted Average Market Cap ($ Mil)
1,735,954
1,540,785
Median Market Cap ($ Mil)
230,438
43,491
Forecasted Tracking Error (Barra Predicted)
2.2%
-
Portfolio Beta (Barra Predicted)
0.99
-
Dividend Yield
1.02%
1.12%
Price/Earnings (Trailing 12 Months)
25.6x
26.5x
Price/Book Value
9.9x
9.8x
Annual Turnover (Trailing 12 Months)
21.2%
2See Disclosures
Performance Characteristics (Gross of Fees) 1, 4,
TWIN Enhanced 50
Alpha
1.6%
Tracking Error
2.1%
Information Ratio
0.75
Beta
0.98
Standard Deviation
14.8%
Sharpe Ratio
0.81
1See Disclosures
4See Disclosures
GICS® SECTOR WEIGHTS (%) 2,
TWIN Enhanced 50
S&P 500® Index
Active
Communications Services
9.9
9.9
-0.1
Consumer Discretionary
8.8
8.6
0.2
Consumer Staples
4.5
4.4
0.1
Energy
3.5
3.4
0.1
Financials
11.6
11.4
0.2
Health Care
9.0
9.3
-0.2
Industrials
7.9
8.0
-0.1
Information Technology
39.4
39.7
-0.3
Materials
1.6
1.7
-0.1
Real Estate
1.8
1.7
0.1
Utilities
2.0
1.9
0.0
2See Disclosures
