OARK
YieldMax Innovation
Option Income
Strategy ETF
OARK
For YieldMax ETFs Distribution Schedule, click here.
* The Current Yield is the annual yield an investor would receive if the most recently declared distribution, which includes option income, remained the same going forward. The Current Yield is calculated by multiplying an ETF’s Distribution per Share by twelve (12), and dividing the resulting amount by the ETF’s most recent NAV. The Current Yield represents a single distribution from the ETF and does not represent its total return. The 30-Day SEC Yield represents net investment income, which excludes option income, earned by such ETF over the 30-Day period ended 1/31/2023, expressed as an annual percentage rate based on such ETF’s share price at the end of the 30-Day period. All YieldMax ETFs have a gross expense ratio of 0.99%.
Fund Overview
The YieldMax Innovation Option Income Strategy ETF (OARK) is an actively managed fund that seeks to generate monthly income by selling/writing call options on ARKK. OARK pursues a strategy that aims to harvest compelling yields, while retaining capped participation in the price gains of ARKK.
The Fund does not invest directly in ARKK.
Investing in the Fund involves a high degree of risk.
Single Issuer Risk. Issuer-specific attributes may cause an investment in the Fund to be more volatile than a traditional pooled investment which diversifies risk or the market generally. The value of the Fund, which focuses on an individual security (ARKK), may be more volatile than a traditional pooled investment or the market as a whole and may perform differently from the value of a traditional pooled investment or the market as a whole.
The Fund’s strategy will cap its potential gains if ARKK shares increase in value. The Fund’s strategy is subject to all potential losses if ARKK shares decrease in value, which may not be offset by income received by the Fund. The Fund may not be suitable for all investors.
Investment Objective
The Fund’s primary investment objective is to seek current income. The Fund’s secondary investment objective is to seek exposure to the share price of the ARK Innovation ETF (“ARKK”), subject to a limit on potential investment gains.
Investment Objective
The Fund’s primary investment objective is to seek current income. The Fund’s secondary investment objective is to seek exposure to the share price of the ARK Innovation ETF (“ARKK”), subject to a limit on potential investment gains.
Fund Information
Fund Data & Pricing
| Name | value |
|---|---|
| Net Assets | $16.61m |
| NAV | $15.82 |
| Shares Outstanding | 1,050,000.00 |
| Premium/discount Percentage | 0.44% |
| Closing Price | $15.89 |
| Median 30 Day Spread | 0.39% |
Performance
Inception Date: 06/27/2022
| Name |
|---|
| 03/31/2023 |
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance current to the most recent month-end can be obtained by calling (866) 864-3968. Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. Returns beyond 1 year are annualized. A fund’s NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding. The market price is the most recent price at which the fund was traded. The fund intends to pay out dividends and interest income, if any, monthly. There is no guarantee these distributions will be made.
Distribution Details
Holdings
Top 10 Holdings
| Name |
|---|
| 05/31/2023 |
| Date | Account | StockTicker | SecurityName | CUSIP | Shares | Price | MarketValue | Weightings | NetAssets | SharesOutstanding | CreationUnits | MoneyMarketFlag |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 05/31/2023 | OARK | 2ARKK 230616C00038010 | ARKK 06/16/2023 38.01 C | 2ARKK 230616C00038010 | 535 | 2.59 | 138,328.05 | 0.79% | 17,587,570 | 1,100,000 | 44 | |
| 05/31/2023 | OARK | 2ARKK 230616C00040010 | ARKK 06/16/2023 40.01 C | 2ARKK 230616C00040010 | 3,865 | 1.36 | 526,028.05 | 2.99% | 17,587,570 | 1,100,000 | 44 | |
| 05/31/2023 | OARK | 2ARKK 230616P00038010 | ARKK 06/16/2023 38.01 P | 2ARKK 230616P00038010 | -535 | 0.73 | -38,827.57 | -0.22% | 17,587,570 | 1,100,000 | 44 | |
| 05/31/2023 | OARK | 2ARKK 230616P00040010 | ARKK 06/16/2023 40.01 P | 2ARKK 230616P00040010 | -3,865 | 1.50 | -578,363.62 | -3.29% | 17,587,570 | 1,100,000 | 44 | |
| 05/31/2023 | OARK | 91282CDH1 | UNITED STATES TREAS NTS 0.75% 11/15/2024 | 91282CDH1 | 8,917,000 | 94.28 | 8,407,233.21 | 47.80% | 17,587,570 | 1,100,000 | 44 | |
| 05/31/2023 | OARK | 91282CDR9 | UNITED STATES TREAS NTS 0.75% 12/31/2023 | 91282CDR9 | 7,693,000 | 97.36 | 7,490,069.28 | 42.59% | 17,587,570 | 1,100,000 | 44 | |
| 05/31/2023 | OARK | ARKK 230602C00040000 | ARK INNO CLL OPT 06/23 40 | ARKK 230602C00040000 | -4,400 | 0.65 | -286,000.00 | -1.63% | 17,587,570 | 1,100,000 | 44 | |
| 05/31/2023 | OARK | Cash&Other | Cash & Other | Cash&Other | 1,928,813 | 1.00 | 1,928,813.86 | 10.97% | 17,587,570 | 1,100,000 | 44 | Y |
Literature
Purchase Information
Buy OARK
YieldMax Innovation Option Income Strategy ETF (OARK) is available through various channels including via phone (866) 864-3968, broker-dealers, investment advisers, and other financial services firms, including:
This Fund is not affiliated with these financial service firms. Their listing should not be viewed as a recommendation or endorsement.