TSPX Manager Directed Portfolios - Twin Oak Active Opportunities ETF
Quote as of Oct 23, 2026 13:46 UTC · Quotes are refreshed hourly from the data provider, so during market hours a price can be up to about 1–2 hours old; each quote shows its own timestamp.
| Previous Close | 30.44 | Day Range | 30.44 – 30.71 |
| 52-Week Range | 24.68 – 30.95 | Volume | 6 |
| Avg Volume | 18.42K | AUM | $243.6M (Oct 24, 2026) |
| Expense Ratio | 0.40% | Yield (TTM) | 1.95% |
| NAV | 30.43 | Premium/Discount | +0.04% indicative |
| Inception | Feb 20, 2025 | Holdings | 5 |
| Issuer | Twin Oak | Exchange | CBOE |
| Category | — | Index Tracked | Not stated in source data |
| CUSIP | 56170L653 | ISIN | US56170L6535 |
| Management | Not stated in source data | ||
About this ETF
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.
Description from the fund data provider · profile as of Oct 24, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | -0.79% | +2.61% | +5.54% | +9.38% | +8.99% | — | — | — | +14.53% |
| Total return | -0.79% | +2.61% | +5.54% | +9.38% | +11.35% | — | — | — | +16.01% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Oct 23, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 0.40% | Annual cost of a $10,000 investment | $40.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings list retrieved Oct 23, 2026 · The data provider's latest disclosed portfolio for this fund. Issuers publish holdings daily or monthly, so the portfolio date can be earlier; holdings are not live positions. 5 holdings stored.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | Vanguard S&P 500 ETF | VOO | 83.21% | 288.62K | $202.7M |
| 2 | JPMorgan Ultra-Short Income ETF | JPST | 8.64% | 417.91K | $21.1M |
| 3 | iShares Ultra Short Duration Bond Active ETF | ICSH | 7.75% | 374.50K | $18.9M |
| 4 | U.S. Bank Money Market Deposit Account… | — | 0.43% | 1.05M | $1.0M |
| 5 | Cash & Other | — | -0.03% | -82.02K | -$82.0K |
Click a ticker to see every ETF that owns it.
Sector Exposure
Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.
Distributions
| Yield (TTM) | 1.95% | Paid (last 12 months) | $0.5950 |
| Frequency | Irregular | SEC yield | Not provided by our data source; see the issuer page |
| Last ex-date | Dec 31, 2025 | Last payment | $0.5950 |
| Growth 1Y | — | Growth 3Y / 5Y (ann.) | — / — |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Dec 31, 2025 | — | — | $0.5950 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 10.03% / — | Sharpe 1Y / 3Y | 0.673 / — |
| Max drawdown 1Y / 3Y | -6.80% / — | Sortino 1Y | 0.996 |
| Beta vs S&P 500 (3Y) | 0.563 | Correlation vs S&P 500 (1Y) | 0.973 |
| Downside deviation 1Y | 6.78% | Risk-free rate used | 4.04% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Oct 25, 2026. Formulas →
Liquidity
| Volume today | 6 | Average volume | 18.42K |
| AUM | $243.6M | Premium/Discount | +0.04% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV: an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Week | -$1.1M | -0.43% | $245.7M → $243.6M |
| 1 Month | -$330.5K | -0.13% | $245.9M → $243.6M |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source; review them before investing.
Latest News for TSPX
No articles mention this fund directly in the last 7 days; showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.