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Launched

Twin Oak Short Horizon Absolute Return ETF

TOAKNYSE ArcaTwin OakA

$29.210.00 (0.00%)

At close: Nov 2, 2026, 4:00 PM ET

A70/ 100

Rank 3 of 10 in US Active Low Volatility

A70/100Rank 3 of 10inUS Active Low Volatility
Intraday session: up, 73 prints from 29.21 to 29.21. Range 29.20 to 29.21. Use the arrow keys to read each point.29.2029.2129.2129.2129.2110 AM12 PM2 PM4 PM
Expense ratio
0.26%*
Fund size
$101M
1Y total return
+3.6%
Yield · Last 12 months
No data
Holdings
3
Avg volume · 30D
10.9K sh
52W range
low $28.18high $29.36
Launched

*After a fee waiver that ends Sep 30, 2027. Without it: 0.46%.

The ETF.net TOAK Grade

Based on 4 of 6 pillars

A

Score 70 out of 100

Category
US Active Low Volatility⁠
Rank
3 of 10
Six-pillar profile for TOAK. Scores out of 100: Cost 86, Risk 61, Mission not scored, Tradability 60, Holdings not scored, Durability 47. Strongest: Cost (86). Weakest: Durability (47). Based on 4 of 6 pillars.

Score 70 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A86 out of 100
    Rank 2 of 10

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B61 out of 100
    Rank 3 of 9

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B60 out of 100
    Rank 5 of 10

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C47 out of 100
    Rank 7 of 10

Our read on TOAK

ETF.net Research

In short

AShelved with low-volatility equity funds, TOAK owns no stocks. It runs a paired options book with a zero-to-one-year horizon, each position's maximum loss limited to the premium paid, at 0.26% net of a waiver through September 30, 2027.

Stated mandate

The Fund seeks capital appreciation with low price volatility, which the Adviser describes as stable returns. It pursues this through defined-risk options intended to generate an absolute return over a short, zero-to-one-year duration.

Why people hold it

  • Defined risk is written into the strategy: the most any single option position can lose in an expiry period is the premium paid, and the fund states it uses no leverage and sells no naked options.sec.gov
  • 0.26% net of a waiver through September 30, 2027 (0.46% gross) sits below the category median and under peers such as LOWV at 0.39% and SIXL at 0.46%.
  • Long calls are always paired with long puts (and call spreads with put spreads), legs that tend to move against each other. That pairing is the stated engine behind the low-volatility half of the mandate.sec.gov
  • Different wiring from its shelf-mates: an absolute-return options sleeve on broad US equity exposure rather than a screened basket of defensive stocks, and it stands in the upper half of that peer group.sec.gov

Worth knowing

  • Launched in 2024, so the track record is short and covers only one market stretch. It is also a smaller fund than most names on this shelf.
  • Thinly traded for its category, so bid-ask spreads can run wider than the big liquid names. Limit orders matter more here.
  • No income stream: the fund has not been paying distributions, so whatever the options book produces shows up in share price, not as yield.

TOAK Holdings

Asset class
Other
Holdings
3
Top-10 weight
100%
Largest holding
Qqq 01/15/2027 20.01 C66.8%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataQqq 01/15/2027 20.01 C66.83%1,017$67.4M1
2No dataQqq 01/15/2027 1020.01 P33.08%1,017$33.4M1
3No dataU.S. Bank Money Market Deposit Account 06/01/20310.10%105,034$105K106

Showing 1–3 of 3 holdings

TOAK Performance

Launched Aug 19, 2024

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
TOAK$10,358
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. TOAK $10,358. SPY $11,146. Use the arrow keys to read each point.$10,000$11,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for TOAK. Periods over one year show the average yearly return.
PeriodTOAK
Year to date+2.9%
1 month+0.3%
3 months+0.8%
1 year+3.6%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for TOAK
YearReturn barTOAK
2026 YTD+2.9%
2025+4.3%
2024+1.5%

History from Aug 20, 2024

TOAK in the news

TOAK Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

TOAK Risk

Risk pillarB61 out of 100Rank 3 of 9 in US Active Low Volatility
How much the fund’s monthly returns vary, scaled to a year.
0.3%
Annualised · 26 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
−0.72
vs 3-month T-bills · 26 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−1.8%
26 months · trough May 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.0003
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

TOAK Cost

Compare TOAK and SELV

Overpaying vs SELV, cheapest in US Active Low Volatility

$2,221

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • TOAK 0.26%

    $5,358

  • SELV 0.15% Cheapest

    $3,137

$10,000
30 years

Cost over time

  • TOAK 0.26%
  • SELV 0.15%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K051015202530TOAK $5,358SELV $3,137

Year by year

YearTOAKSELVOverpaying
10$473$274$199
20$1,838$1,071$767
30$5,358$3,137$2,221
How the 0.26% is worked out

Full fee 0.46%− waiver 0.20%= you pay 0.26%

The waiver ends Sep 30, 2027. After that the fee is 0.46% unless Twin Oak renews it. Source: prospectus, Sep 2026.

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