The investment objective of the Twin Oak Active Opportunities III Fund (“TOAO”) long-term capital appreciation.
TOAO seeks to achieve its investment objective by investing in equity securities (e.g. common and preferred stock) of small, medium, and large companies and fixed-income securities such as government or corporate bonds issued by a variety of entities. These fixed-income securities may vary by asset class, have varying maturities (e.g. short-term, intermediate or long-term) and credit qualities (e.g. investment grade or below investment grade). TOAO may invest directly in either equity or fixed income securities or utilize other ETFs, which may include other ETFs managed by the Adviser, Twin Oak ETF Company (the “Adviser” or “Twin Oak”), to achieve the desired exposure, or indirectly by investing in derivatives. The Fund invests in securities of U.S. and non-U.S. issuers. The Fund expects to utilize swaps, options and other derivatives contracts that use equity or fixed income instruments or equity or fixed income indices or ETFs as reference assets.
| 1 Month | 3 Month | YTD | 1 Year | Since Inception (04/24/2026) | |
|---|---|---|---|---|---|
| Fund NAV | - | - | - | - | - |
| Fund Closing Price | - | - | - | - | - |
Data as of XX/XX/XXXX
| YTD | 1 Year | 3 Year | 5 Year | Since Inception (04/24/2026) | |
|---|---|---|---|---|---|
| Fund NAV | - | - | - | - | - |
| Fund Closing Price | - | - | - | - | - |
Data as of XX/XX/XXXX
The Fund is new and therefore does not have a performance history for a full calendar year as of the most recent quarter end. Returns less than one year are cumulative and returns over one year are annualized.
Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.
ETF shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. NAV Return represents the closing price of underlying securities. Market Price Return is calculated using the price which investors buy and sell ETF shares in the market. The market returns in the table are based upon the midpoint of the bid/ask spread at 4:00 pm EST, and do not represent the returns you would have received if you traded shares at other times.
| Notice Date | Ex Date | Record Date | Pay Date | Dividend | Long Term Capital Gains | Short Term Capital Gains | Ordinary Income |
|---|---|---|---|---|---|---|---|
| - | - | - | - | - | - | - | - |
There is no guarantee that the Fund or the investments in its portfolio will pay or continue to pay dividends.
| Days at Premium |
|---|
| Days at Zero Premium/Discount |
| Days at Discount |
The Premium/Discount shows the difference between the daily market price of the Fund's shares and the Fund's net asset value ("NAV"). The table shows the premium or discount of the mid-point price as a percentage of the NAV as well as the number of trading days the Fund traded within the given premium/discount range.
| Ticker | TOAO |
|---|---|
| CUSIP | 75526L795 |
| Exchange | Cboe BZX |
| Inception Date | 04/24/2026 |
| Primary Index | S&P 500 Index |
| Secondary Index | 50% S&P 500 Index & 50% Bloomberg U.S. Aggregate Index |
| Number of Holdings | TBD |
| Management Fee | 0.90% |
| Acquired Fund Fees and Expenses | 0.05% |
| Total Annual Expenses | 0.95% |
| Expense Waiver | 0.60% |
| Total Net Expense | 0.35% |
| SEC 30-Day Yield | - |
| SEC Unsubsidized 30-Day Yield | - |
As of XX/XX/XXXX
The Fund’s adviser has voluntarily agreed to reduce the Fund’s management fee from 0.90% to 0.30% of the Fund’s average daily net assets. The voluntary management fee waiver may be discontinued at anytime and shareholders will be given 30 days’ written notice in the event the waiver is discontinued.
| NAV | TBD |
|---|---|
| Premium/Discount | TBD |
| 30 Day Median Bid-Ask Spread | TBD |
| Shares Outstanding | TBD |
| Net Assets | TBD |
As of XX/XX/XXXX
| Last Price | TBD |
|---|---|
| Change ($) | TBD |
| Change (%) | TBD |
| Volume | TBD |
As of XX/XX/XXXX
As of XX/XX/XXXX
| Ticker | CUSIP | Company | Quantity | Market Value | Weight |
|---|
Fund holdings and sectors are subject to change at any time and should not be considered recommendations to buy or sell any security.
Disclosures and Risk
An investor should consider the investment objectives, risks, charges, and expenses of the Fund(s) carefully before investing. The prospectus and, if available, the summary prospectus contain this and other information about the Fund(s). You may obtain a prospectus and, if available, a summary prospectus by visiting twinoaketfs.com. Please read the prospectus or summary prospectus carefully before investing.
All investments are subject to risks, including the possible loss of principal. There is no assurance that the objectives of any strategy or fund will be achieved or will be successful.
The Fund is a recently organized investment company with no operating history. As a result, prospective investors have no track record or history on which to base their investment decision. The Fund’s investment adviser has not previously managed a registered fund, which may increase the risk of investing in the Fund. As an actively managed fund, the performance of the Fund will depend on whether or not the Adviser is successful in pursuing the Fund’s investment strategies. Additionally, while the Fund seeks to be managed in a tax efficient manner, there is no guarantee that the Fund will be successful in this endeavor.
Common stocks and other equity securities generally increase or decrease in value based on the earnings of a company and on general industry and market conditions. A fund that invests a significant amount of its assets in common stocks and other equity securities is likely to have greater fluctuations in share price than a fund that invests a significant portion of its assets in fixed income securities
You will indirectly bear fees and expenses charged by underlying investment companies in addition to the Fund’s direct fees and expenses. As a result, your cost of investing in the Fund will be higher than the cost of investing directly in the underlying investment company. The risk of owning another investment company generally reflects the risks of owning the underlying investments the investment company holds.
Below are several specific risks associated with investments in fixed income securities.
Affiliated Fund Risk: The adviser may invest Fund assets in affiliated investment companies, which can create potential conflicts of interest if those funds generate higher fees or need asset growth. Although the adviser is legally obligated to act in the Fund's best interest, these structural conflicts still present risks. This risk may cause the Fund to under-perform if affiliated fund selections are not optimal.
Asset Concentration Risk: The Fund may concentrate investments in certain asset classes or sectors, making performance more sensitive to conditions affecting those areas. When exposure becomes significant, adverse events within that segment can disproportionately impact returns. Concentration increases vulnerability to market, sector, or issuer specific downturns and may heighten volatility.
ETF Risk: As an ETF, the Fund faces risks related to authorized participants, market makers, liquidity providers, secondary market trading, and shares trading at premiums or discounts to NAV. Creation/redemption disruptions or limited market participation may impair trading efficiency. ETF specific structural risks may lead to wider bid ask spreads, trading halts, or significant deviations from NAV.
Fixed Income Securities Risks: Fixed income instruments are subject to risks such as credit deterioration, interest rate increases, liquidity constraints, and structural complexities. Economic conditions or issue-specific issues may impair repayment or reduce market value. These risks may cause declines in fixed income holdings and reduce overall returns.
Large Capitalization Companies Risk: Large cap companies may grow more slowly and be less responsive to market changes than smaller firms. Competitive pressures or shifts in consumer preferences can disproportionately affect them. Investments in large cap issuers may lag the performance of mid or small cap opportunities.
Leverage Risk: Use of derivatives can create leveraged exposure, amplifying both gains and losses. Portfolio volatility can increase substantially when leverage is employed. Leverage can cause NAV to fluctuate more and may lead to losses exceeding initial investment exposure.
Liquidity Risk: Some investments, especially derivatives or thinly traded securities, may be difficult to buy or sell quickly at reasonable prices. Market stress can further reduce liquidity and widen spreads. Reduced liquidity can delay trade execution or force sales at unfavorable prices, harming NAV.
New Adviser Risk: The adviser has limited operating history managing registered funds, so its processes and performance track record are not well established. Execution challenges may arise due to its newness. Limited adviser track record may increase uncertainty regarding the Fund's ability to meet objectives.
New Fund Risk: As a newly organized fund, it lacks an operating history and may not reach an economically viable size. Limited assets may result in higher expenses or consideration of liquidation. Early stage operational challenges may hinder performance or lead to closure.
Non Diversification Risk: The Fund may hold fewer securities than a diversified fund, increasing exposure to individual issuers. This makes performance more sensitive to specific company developments. Losses from a single issuer can have a larger impact on the Fund's overall value.
Small and Medium Capitalization Companies Risk: Smaller firms may be more volatile and harder to trade with than larger companies. Their share prices can react more sharply to market or company specific developments. Exposure to these companies may increase NAV fluctuations.
Underlying Funds Risk: Investments in other funds subjects the Fund to the risks and expenses of those underlying vehicles. ETF shares may trade at discounts, incur brokerage costs, or fail to perfectly track their indexes. Layered fees and underlying fund under-performance can reduce overall returns.
ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETF's net asset value. Brokerage commissions and ETF expenses will reduce returns. ETF’s are subject to specific risks, depending on the nature of the underlying strategy of the fund. These risks could include options risk, liquidity risk, derivatives risk, equity and general market risks, authorized participation concentration risk, portfolio turnover risk, cybersecurity risk, other investment companies risk, as well as risks associated with fixed income securities. For a complete description of the Fund’s principal investment risks, please refer to the prospectus.
Please note, the information provided on this website is for informational purposes only and investors should determine for themselves whether a particular service or product is suitable for their investment needs. Please refer to the disclosure and offering documents for further information concerning specific products or services.
Nothing provided on this site constitutes tax advice. Individuals should seek the advice of their own tax advisor for specific information regarding tax consequences of investments. Investments in securities entail risk and are not suitable for all investors. This site is not a recommendation nor an offer to sell (or solicitation of an offer to buy) securities in the United States or in any other jurisdiction.
Quasar Distributors, LLC, Member FINRA is the distributor for the Twin Oak Active Opportunities III ETF. Learn more about Quasar Distributors, LLC at FINRA's BrokerCheck
Twin Oak ETF Company, serves as the investment adviser to the Funds. Twin Oak ETF Company is not affiliated with Quasar Distributors, LLC.
The third parties named herein are not affiliated with Twin Oak ETF Company.
Glossary:
30 Day Bid/Ask - The median bid-ask spread (expressed as a percentage rounded to the nearest hundredth) is calculated by identifying the national best bid and national best offer ("NBBO") for each Fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified.
SEC 30-Day Yield - Is based on a 30-day period and is computed by dividing the net investment income per share earned during the period by the maximum offering price per share on the last day of the period.
SEC Unsubsidized 30-Day Yield - Reflects the 30-day yield if the investment adviser were not waiving all or part of its fee or reimbursing the fund for part of its expenses. Total return would have also been lower in the absence of these temporary reimbursements or waivers.
Primary Index – The S&P 500 Index is (the “Primary Index”) is designed to measure the performance of large cap US equities in the United States. The index includes 500 leading U.S. large cap companies and captures approximately 80% coverage of the available market.
Secondary Index – The Secondary Index is comprised of 50% S&P 500 Index and 50% The Bloomberg U.S. Aggregate Bond Index. See above for the definition of the S&P 500 Index. The Bloomberg U.S. Aggregate Bond Index is designed to measure the performance of the U.S. dollar denominated investment grade bond market, which includes investment grade (must be Baa3/BBB- or higher using the middle rating of Moody's Investors Service, Inc., Standard & Poor's Financial Services, LLC, and Fitch Inc.) government bonds, investment grade corporate bonds, mortgage pass through securities, commercial mortgage backed securities and other asset backed securities that are publicly for sale in the United States. The securities in the Primary Index must have at least 1 year remaining to maturity and must have $300 million or more of outstanding face value. Asset backed securities must have a minimum deal size of $500 million and a minimum tranche size of $25 million. For commercial mortgage backed securities, the original aggregate transaction must have a minimum deal size of $500 million, and a minimum tranche size of $25 million; the aggregate outstanding transaction sizes must be at least $300 million to remain in the Index. In addition, the securities must be U.S. dollar denominated, fixed rate, non-convertible, and taxable. The Primary Index is market capitalization weighted
