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TOAO

GradeBChicago Board Options Exchange

The RBB Fund Trust - Twin Oak Active Opportunities III ETF

Multi-Asset & Alternatives · Twin Oak · Inception 2026-04-24 · SEC filings

$27.57+0.00 (+0.00%)

As of Sep 23, 2026, 9:46 AM EDT

Market opens at 9:30 AM ET.History starts Apr 24, 2026.History starts Apr 24, 2026.History starts Apr 24, 2026.
Intraday session: up, 6 prints from 27.10 to 27.57. Range 27.09 to 27.59. Use the arrow keys to read each point.$27.20$27.40Sep 17Sep 18Sep 21Sep 22Sep 23
Expense ratio
0.35%
Fund size
$449M
1Y return
—
Yield · Last 12 months
—
Holdings
50
Volume · 30D
0M sh
NAV per share
$27.52
52W range
low $25.06high $27.66

The ETF.net TOAO Grade

B

63/ 100

Rank 14 of 46 in Tactical Allocation⁠

Confidence Medium

Six-pillar profile for TOAO. Scores out of 100: Cost 84, Risk 80, Mission not scored, Tradability 0, Holdings 70, Durability 61. Strongest: Cost (84). Weakest: Tradability (0). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 63 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 84
    Category rank8/46 · top 17%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 80
    Category rank2/46 · top 4%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 0
    Category rank46/46 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 70
    Category rank13/42 · top 31%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 61
    Category rank22/46 · top 48%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

TOAO Holdings

As of Sep 20, 2026, 9:29 AM
Asset class
Stocks
Holdings
50
Top-10 weight
59%
Largest holding
CRWD9.1%

Sectors

Geography

The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001CRWDCrowdstrike Holdings Inc9.09%168,596$40M454
002AMZNAmazon.com Inc7.17%124,595$32M720
003NVDANVIDIA Corp6.31%125,048$28M828
004ASMLASML Holding NV6.19%16,226$27M199
005AVGOBroadcom Inc5.58%68,836$25M732
006MSFTMicrosoft Corp5.43%48,437$24M792
007NETCloudflare Inc5.08%69,177$22M273
008SAF.PASafran SA4.90%58,151$22M156
009GOOGAlphabet Inc4.89%62,586$22M471
010AMDAdvanced Micro Devices Inc4.81%37,832$21M618
011AIR.PAAIRBUS GROUP SE4.67%92,593$21M134
012TSMTaiwan Semiconductor Manufacturing Co Ltd4.20%42,593$19M268
013SHOPShopify Inc4.15%142,255$18M111
014METAMeta Platforms Inc4.04%26,769$18M683
015SCHWCharles Schwab Corp/The3.97%166,024$17M385

Showing 1–15 of 40 holdings

TOAO Performance

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

TOAO$10,563
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. TOAO $10,563. SPY $10,415. Use the arrow keys to read each point.$9,729$10,195$10,662Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

Returns run to the Sep 22, 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 year—
1 month+1.2%
3 months+5.6%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, 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+8.9%

Since listing, Apr 24, 2026

TOAO in the news

ETF.net Research hasn’t filed on TOAO yet — coverage lands here as it’s written.

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 Sep 22, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Apr 2026. No distributions yet.

TOAO Risk

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.

TOAO Cost

Expense ratio0.35%
  • The middle half of Tactical Allocation funds
  • Median 0.91%

7 of the 46 Tactical Allocation funds charge less.

TOAO costs $35.00 a year on $10,000. The median Tactical Allocation fund costs $90.50.