Twin Small-Cap
This concentrated portfolio seeks to outperform the Russell 2000® index over a market cycle, while taking similar or less risk than the benchmark. The strategy utilizes TWIN’s dedicated Small-Cap model to capture alpha.
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 2013
Strategy Characteristics 2,
TWIN Small Cap
Russell 2000® Index
Number of Holdings
143
1,952
Weighted Average Market Cap ($ Mil)
5,622
4,451
Median Market Cap ($ Mil)
3,795
954
Forecasted Tracking Error (Barra Predicted)
3.7%
-
Portfolio Beta (Barra Predicted)
0.97
-
Dividend Yield
1.24%
1.23%
Price/Earnings (Trailing 12 Months)
24.5x
23.1x
Price/Book Value
2.9x
3.6x
Annual Turnover (Trailing 12 Months)
17.7%
2See Disclosures
Performance Characteristics (Gross of Fees) 1, 4,
TWIN Small Cap
Alpha
0.2%
Tracking Error
5.2%
Information Ratio
0.05
Beta
0.87
Standard Deviation
12.7%
Sharpe Ratio
0.40
Upside Capture
90%
Downside Capture
91%
GICS® SECTOR WEIGHTS (%) 2,
TWIN Small Cap
Russell 2000® Index
Active
Communications Services
3.7
2.8
1.0
Consumer Discretionary
8.9
8.9
0.0
Consumer Staples
3.5
1.8
1.7
Energy
4.6
4.8
-0.2
Financials
17.0
17.7
-0.7
Health Care
17.7
18.6
-0.8
Industrials
16.5
17.3
-0.8
Information Technology
15.5
14.7
0.8
Materials
3.8
4.4
-0.6
Real Estate
5.4
5.7
-0.2
Utilities
3.2
3.0
0.2
2See Disclosures
