# TOAO (Twin Oak Active Opportunities III ETF)

Twin Oak ETF · Stock ETFs · Global large-cap growth · data as of Nov 4, 2026

TOAO returned +4.7% from Apr 24, 2026 to Nov 4, 2026, charges 0.95% a year and holds $443m in net assets on Aug 31, 2026.

Promise check: Not measured. It names no index it tracks. https://etfiq.com/promise-index/stocks/

TOAO returned +4.7% since it first traded on Apr 24, 2026.

## Key facts

- TOAO, total return, since launch, Apr 24, 2026: +4.7%, as of Nov 4, 2026.
- TOAO, expense ratio: 0.95%, as of Jan 5, 2026.
- TOAO, holdings: 28, as of Aug 31, 2026.
- TOAO, below its high: −5.4%, as of Nov 4, 2026.
- TOAO, net assets: $443m (SEC filing, whole fund, as filed for Aug 31, 2026).
- TOAO, benchmark: Its own holdings, as of Aug 31, 2026; its prospectus names no index it tracks (ETFIQ, from its filings).

## TOAO over each window to Nov 4, 2026

| Window | Total return | S&P 500 (SPY) |
| --- | --- | --- |
| 1 month | −4.7% | −1.0% |
| 3 months | −2.8% | −0.1% |
| 6 months | +2.4% | +5.0% |
| Since launch | +4.7% | +7.9% |

## TOAO key stats

- High since Apr 24, 2026, daily closes to Nov 4, 2026: $28.01 on Oct 6, 2026 (computed by ETFIQ from Tiingo daily prices)
- Low since Apr 24, 2026, daily closes to Nov 4, 2026: $25.06 on Jun 10, 2026 (computed by ETFIQ from Tiingo daily prices)
- Close on Nov 4, 2026, within that range: $26.51, 49% of the way from the low to the high (computed by ETFIQ from Tiingo daily prices)
- Holdings: 28
- Top ten weight: 58.2%

## TOAO trading

- Not scored.
- The full trading page: https://etfiq.com/funds/toao/trading/

## TOAO for holders outside the US

- US tax withheld on dividends, no treaty: 30% (<https://www.irs.gov/pub/irs-lbi/tax-treaty-table-1.pdf>)
- Treaty rates on dividends (IRS table, read Oct 30, 2026): 65 countries, 10% to 30% (<https://www.irs.gov/individuals/international-taxpayers/tax-treaty-tables>)
- TOAO interest-related and short-term gain dividends: not read by ETFIQ
- US estate tax filing threshold, non-resident holders: $60,000 (<https://www.irs.gov/instructions/i706na>)
- Share class: Distributing (<https://etfiq.com/learn/non-us-holders>)

Facts from the IRS, not tax advice.

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Fund type | Equity fund | ETFIQ |
| Category | Stocks · Global large-cap growth | ETFIQ |
| Expense ratio | 0.95% | 497 XBRL, Jan 5, 2026 |
| Price | $26.51 | ETFIQ |
| First traded | Apr 24, 2026 | ETFIQ |
| Net assets | $443m | SEC filing, whole fund, as filed for Aug 31, 2026 |
| Benchmark | Its own holdings, as of Aug 31, 2026; its prospectus names no index it tracks | ETFIQ, from its filings |
| TOAO, Aug 31, 2026 to Nov 2, 2026 | −4.67% | ETFIQ |
| Its book of Aug 31, 2026, the same days | −5.98% | ETFIQ, measured on 82% of the book by weight |
| Against its own holdings | +1.31 pts | ETFIQ |
| Below its high | −5.4% | ETFIQ |
| Holdings | 28 | ETFIQ |
| Top ten weight | 58.2% | ETFIQ |
| Cash, not in the top ten | −4.3% | ETFIQ |
| Holdings as of | Aug 31, 2026 | SEC N-PORT |
| Already in the S&P 500, by weight | 63.6% | ETFIQ |
| Active share vs the S&P 500 | 74.0% | ETFIQ |
| Already in the Nasdaq-100, by weight | 57.1% | ETFIQ |

## Questions

### What does TOAO cost?

The prospectus expense ratio is 0.95% a year.

### What does TOAO hold?

28 positions as filed for Aug 31, 2026, with the top ten at 58.2% of the fund. 64% of its weight is in stocks the S&P 500 also holds.

### How far is TOAO below its high?

5.4% below its high of Oct 6, 2026, measured on the reinvested series to Nov 4, 2026.


## Cite this page

ETFIQ, TOAO, stock fund, data as of Nov 4, 2026. https://etfiq.com/funds/toao
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at <https://etfiq.com/data/>.

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