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Launched · SEC filings

Twin Oak Active Opportunities III ETF

TOAOCboeTwin OakD

$25.710.00 (0.00%)

As of Nov 9, 2026, 9:46 AM ET

D40/ 100

Rank 35 of 46 in Tactical Allocation

D40/100Rank 35 of 46inTactical Allocation
Intraday session: flat, 1 prints from 25.71 to 25.71. Range 25.71 to 25.71. Use the arrow keys to read each point.25.0025.5026.5010 AM12 PM2 PM4 PM
Expense ratio
0.95%
Fund size
$418M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
40
Avg volume · 30D
146 sh
52W range
low $25.06high $28.01
Launched
Filings
SEC EDGAR

The ETF.net TOAO Grade

Based on 5 of 6 pillars

D

Score 40 out of 100

Category
Tactical Allocation⁠
Rank
35 of 46
Six-pillar profile for TOAO. Scores out of 100: Cost 44, Risk 40, Mission not scored, Tradability 3, Holdings 77, Durability 61. Strongest: Holdings (77). Weakest: Tradability (3). Based on 5 of 6 pillars.

Score 40 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25. The letter stays D for now. A new letter must hold for 3 published runs before it replaces it.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C44 out of 100
    Rank 25 of 46

  • 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.
    C40 out of 100
    Rank 31 of 46

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F3 out of 100
    Rank 46 of 46

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A77 out of 100
    Rank 9 of 43

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B61 out of 100
    Rank 21 of 46

TOAO Holdings

Holdings pillarA77 out of 100Rank 9 of 43 in Tactical Allocation
Asset class
Stocks
Holdings
40
Top-10 weight
58%
Largest holding
CRWD8.9%

Sectors

  • Technology55.5%
  • Financials13.4%
  • Industrials11.3%
  • Consumer Discretionary10.2%
  • Communication7.9%
  • Health Care1.4%
  • Consumer Staples0.2%
  • Utilities0.0%
  • Materials0.0%
  • Energy0.0%

Geography

  • United States71.71%
  • Netherlands9.95%
  • Brazil5.59%
  • Canada4.82%
  • France4.20%
  • Taiwan3.71%
  • China0.01%
  • United Kingdom0.01%

Developed 67% · Emerging 33% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1CRWDCrowdstrike Holdings Inc8.85%170,596$37M490
2AMZNAmazon.com Inc7.84%126,395$32.8M737
3MSFTMicrosoft Corp6.24%49,167$26.1M826
4NVDANVIDIA Corp5.68%127,148$23.7M850
5ASMLASML Holding NV5.60%16,426$23.4M201
6SHOPShopify Inc5.13%144,055$21.5M126
7AIR.PAAirbus Group SE4.91%93,793$20.5M141
8AVGOBroadcom Inc4.90%69,711$20.5M748
9SAF.PASafran SA4.64%58,851$19.4M164
10NETCloudflare Inc4.50%70,062$18.8M273
11GOOGAlphabet Inc4.32%63,561$18M475
12AMDAdvanced Micro Devices Inc4.12%38,322$17.2M634
13METAMeta Platforms Inc3.97%27,169$16.6M713
14TSMTaiwan Semiconductor Manufacturing Co Ltd3.88%43,143$16.2M285
15SCHWCharles Schwab Corp/The3.68%168,124$15.4M404

Showing 1–15 of 40 holdings

TOAO Performance

Launched Apr 24, 2026

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.Not enough history yet.Not enough history yet.
TOAO$9,463
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$9,591
Aug 6, 2026 to Nov 6, 2026. TOAO $9,463. SPY $9,591. Use the arrow keys to read each point.$9,500$9,750$10,000$10,250Aug 2026Sep 2026Nov 2026

Aug 6, 2026 – Nov 6, 2026

Returns run to the Nov 6, 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 TOAO. Periods over one year show the average yearly return.
PeriodTOAO
Year to dateFund launched this yearNo data
1 month−8.2%
3 months−5.4%
1 yearFund is under 1 year oldNo data
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 TOAO
YearReturn barTOAO
2026 YTD+1.5%

Since listing, Apr 24, 2026

TOAO in the news

TOAO Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 6, 2026.
No dataLast 12 months
Payout per share
No dataLast 12 months

Listed Apr 2026. No distributions yet.

TOAO Risk

Risk pillarC40 out of 100Rank 31 of 46 in Tactical Allocation
How much the fund’s monthly returns vary, scaled to a year.
Launched Apr 2026; fills in after 12 months
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.
Launched Apr 2026; fills in after 12 months
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.
Launched Apr 2026; fills in after 12 months
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.
0.22
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.

TOAO Cost

Compare TOAO and ENDW

Overpaying vs ENDW, cheapest in Tactical Allocation

$13,311

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

  • TOAO 0.95%

    $17,869

  • ENDW 0.22% Cheapest

    $4,558

$10,000
30 years

Cost over time

  • TOAO 0.95%
  • ENDW 0.22%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530TOAO $17,869ENDW $4,558

Year by year

YearTOAOENDWOverpaying
10$1,678$401$1,277
20$6,322$1,561$4,761
30$17,869$4,558$13,311

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