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About Manager Directed Portfolios Twin Oak Active Opportunities ETF
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Inception date
Feb 20, 2025
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Twin Oak ETF Co.
Distributor
Pine Distributors LLC
TSPX is a high-conviction, non-diversified fund that aims to provide capital appreciation by investing in a mix of equities and fixed-income securities across the globe. The portfolio may include equity securities of any market capitalization and government or corporate bonds with varying maturities and credit qualities. For fixed income, the fund may invest directly in fixed-income securities or utilize other ETFs. The fund employs a bottom-up research approach driven by fundamental analysis of individual securities, as well as top-down analysis to manage the overall portfolio characteristics and risks. The fund is opportunistic, the adviser has the discretion to adjust equity and fixed-income allocations at any given time. The adviser reserves the right to invest all assets in one asset class depending on market conditions. The fund may also hold cash and cash equivalents or money market instruments for temporary defensive purposes.
Classification
What's in the fund
Exposure type
ETF
Bonds, Cash & Other100.00%
ETF99.77%
Cash0.23%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Related funds
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
TSPX trades at 25.13 USD today, its price has risen 1.28% in the past 24 hours. Track more dynamics on TSPX price chart.
TSPX net asset value is 24.81 today — it's risen 8.79% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
TSPX assets under management is 226.51 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
TSPX fund flows account for −208.86 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
TSPX invests in funds. See more details in our Analysis section.
TSPX expense ratio is 1.07%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, TSPX isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, TSPX doesn't pay dividends to its holders.
TSPX trades at a premium (0.04%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
TSPX shares are issued by Twin Oak Holdings LP
TSPX follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Feb 20, 2025.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.