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 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 2013
Strategy Characteristics 2,
TWIN Small Cap
Russell 2000® Index
Number of Holdings
145
1,971
Weighted Average Market Cap ($ Mil)
4,975
4,263
Median Market Cap ($ Mil)
3,768
933
Forecasted Tracking Error (Barra Predicted)
3.7%
-
Portfolio Beta (Barra Predicted)
0.96
-
Dividend Yield
1.32%
1.27%
Price/Earnings (Trailing 12 Months)
24.5x
22.2x
Price/Book Value
2.5x
3.4x
Annual Turnover (Trailing 12 Months)
24.3%
2See Disclosures
Performance Characteristics (Gross of Fees) 1, 4,
TWIN Small Cap
Alpha
0.0%
Tracking Error
5.2%
Information Ratio
0.00
Beta
0.87
Standard Deviation
12.8%
Sharpe Ratio
0.39
Upside Capture
88%
Downside Capture
90%
GICS® SECTOR WEIGHTS (%) 2,
TWIN Small Cap
Russell 2000® Index
Active
Communications Services
3.2
2.8
0.5
Consumer Discretionary
8.6
9.9
-1.3
Consumer Staples
3.7
2.0
1.8
Energy
4.5
4.8
-0.3
Financials
17.7
18.0
-0.3
Health Care
16.0
15.7
0.2
Industrials
17.8
17.7
0.1
Information Technology
15.4
15.5
-0.1
Materials
3.9
4.2
-0.3
Real Estate
5.7
5.8
-0.1
Utilities
3.4
3.3
0.1
2See Disclosures
