Manager Directed Portfolios Twin Oak Short Horizon Absolute Return ETF (TOAK)

The Twin Oak Short Horizon Absolute Return ETF is an actively managed fund offered through the Manager Directed Portfolios trust and advised by Twin Oak. It seeks positive returns across different market environments rather than measuring itself against a stock or bond index.

As an absolute return strategy with a short time horizon, the fund may use a combination of securities and derivatives, such as options, to manage risk and pursue gains over relatively brief periods. Details of the instruments and positioning are determined by the adviser and described in the fund's prospectus.