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 03/31/2026. 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 03/31/2026. 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)
1,227,074
1,117,319
Median Market Cap ($ Mil)
220,980
39,274
Forecasted Tracking Error (Barra Predicted)
2.0%
-
Portfolio Beta (Barra Predicted)
0.98
-
Dividend Yield
1.12%
1.25%
Price/Earnings (Trailing 12 Months)
27.1x
27.4x
Price/Book Value
7.5x
7.6x
Annual Turnover (Trailing 12 Months)
15.6%
2See Disclosures
Performance Characteristics (Gross of Fees) 1, 4,
TWIN Enhanced 50
Alpha
1.3%
Tracking Error
1.9%
Information Ratio
0.68
Beta
0.98
Standard Deviation
14.8%
Sharpe Ratio
0.71
1See Disclosures
4See Disclosures
GICS® SECTOR WEIGHTS (%) 2,
TWIN Enhanced 50
S&P 500® Index
Active
Communications Services
10.4
10.3
0.1
Consumer Discretionary
9.7
9.9
-0.1
Consumer Staples
4.9
5.3
-0.3
Energy
4.2
4.0
0.1
Financials
12.9
12.6
0.3
Health Care
9.4
9.5
0.0
Industrials
9.0
9.0
-0.1
Information Technology
32.6
32.9
-0.3
Materials
2.3
2.1
0.2
Real Estate
2.0
2.0
0.0
Utilities
2.7
2.5
0.2
2See Disclosures
