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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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
ETF
Bonds, Cash & Other100.00%
ETF99.77%
Cash0.23%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
TSPX top holdings are Vanguard S&P 500 ETF and iShares Ultra Short Duration Bond Active ETF, occupying 72.19% and 17.39% of the portfolio correspondingly.
TSPX assets under management is 223.19 M USD. It's fallen 22.05% over the last month.
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.
No, TSPX doesn't pay dividends to its holders.
TSPX shares are issued by Twin Oak Holdings LP under the brand Twin Oak. The ETF was launched on Feb 20, 2025, and its management style is Active.
TSPX expense ratio is 1.07% meaning you'd have to pay 1.07% of your investment to help manage the fund.
TSPX follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
TSPX invests in funds.
TSPX trades at a premium (0.04%) meaning the ETF is trading at a higher price than the calculated NAV.