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| Returns | 1D | 1M | 3M | YTD | 1Y | 3Y | 5Y | MAX |
|---|---|---|---|---|---|---|---|---|
| Total return | ▼ −0.4% | ▲ +0.3% | ▲ +2.2% | ▲ +9.1% | ▲ +7.8% | — | — | ▲ +21.9% |
| Peer average | ▲ +0.2% | ▲ +1.4% | ▲ +0.4% | ▲ +10.0% | ▲ +11.5% | ▲ +59.7% | ▲ +50.0% | — |
| S&P 500 · VOO | ▼ −0.4% | ▲ +0.9% | ▲ +3.3% | ▲ +13.8% | ▲ +13.3% | ▲ +88.8% | ▲ +81.9% | — |
Reported holdings are shown below. A share-of-fund chart is unavailable for this portfolio.
Holdings as of 2026-10-30. Derivatives are shown using their reported instrument names.
| Holding | Instrument | Weight |
|---|---|---|
| VOOVanguard S&P 500 ETF | Reported holding | 37.37% |
| TOAKTwin Oak Short Horizon Absolute Return ETF | Reported holding | 33.84% |
| STATE STREET SPDR S&P 500 ETF SWAP GS | swap | 27.46% |
| SPYState Street SPDR S&P 500 ETF Trust | Reported holding | 19.24% |
| United States Treasury Bill 12/03/2026 | Reported holding | 5.55% |
| GS Finance Corp 0% 03/11/2031 | Reported holding | 0.77% |
| Citigroup Global Markets Holdings Inc/United States 0% 01/30/2031 | Reported holding | 0.77% |
| U.S. Bank Money Market Deposit Account 08/01/2031 | Reported holding | 0.73% |
| SPY 11/30/2026 785 C | Reported holding | 0.19% |
| Cash & Other | Reported holding | -25.92% |
Official documents are being connected from SEC EDGAR. Read the issuer’s prospectus before investing.
SPYA seeks total return through an actively managed US total market equity exposure with a hedge strategy. It gains exposure directly through US equity securities and ETFs or synthetically via derivatives. The fund uses both bottom-up and top-down approaches to construct the portfolio. The bottom-up approach, driven by the fund advisers fundamental research, focuses on individual securities or asset classes, while the top-down approach manages the overall portfolio characteristics and risks. The fund adviser also seeks to implement a hedging strategy utilizing option contracts, swaps, and other derivatives. In addition, the fund may invest its assets in cash and cash equivalents, or money market instruments for temporary defensive purposes in response to adverse market conditions. During such periods, the fund may invest in the Twin Oak Short Horizon Absolute Return for any purpose.
Distribution yield and SEC yield use different methodologies. Payouts may include income, capital gains, or return of capital.
| Ex-date | Pay date | Per share |
|---|---|---|
| 2025-12-30 | 2025-12-31 | $0.11 |
Estimated annual expense excludes trading costs and assumes constant assets. Fee waivers and fund costs can change.
Historical risk measures describe past behavior and do not predict future returns.
Hear the strategy from the people behind SPYA.