Twin Oak Short Horizon Absolute Return ETF (TOAK) is an exchange-traded fund in the Ultrashort Bond category. It has $90.58M in assets, an expense ratio of 0.25% and a 0.00% dividend yield. The fund seeks to achieve its objective principally by utilizing defined risk options to generate an absolute return while maintaining a short duration between zero and one year. Defined risk options are options for which the maximum loss for any option during each expiry period is no more than the premium invested to enter the option position. It will invest in long calls, long puts, and debit spread options.