OARK

YieldMax Innovation
Option Income
Strategy ETF

OARK

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 Strategy

The Fund seeks to deliver participation in the price returns of ARKK (NYSE Arca: ARKK) (“ARKK”) while providing current monthly income through a portfolio substantially composed of short-term U.S. Treasury securities, cash and cash equivalents, and in option contracts that reference the price performance of ARKK. The Fund’s investment adviser is Toroso Investments, LLC (“Toroso” or the “Adviser”) and the investment sub-adviser is ZEGA Financial, LLC (“ZEGA” or the “Sub-Adviser”). As discussed in greater detail below, the Fund will not fully participate in gains experienced by ARKK. Additional information regarding ARKK is set forth below. Under normal circumstances, at least 80% of the Fund’s net assets, plus borrowings for investment purposes, will be invested in option contracts that provide exposure to 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.

Fund Information

wdt_ID New column New column
1 Fund Name YieldMax Innovation Option Income Strategy ETF
2 Fund Inception 11/22/2022
3 Ticker OARK
4 Primary Exchange NYSE
5 CUSIP 88634T 600
6 NAV Symbol OARK.NV
7 Gross Expense Ratio 0.99%

Fund Data & Pricing

Name value
Net Assets $499.61K
NAV $19.98
Shares Outstanding 25,000.00
Premium/discount Percentage 0.15%
Closing Price $20.01
Median 30 Day Spread 0.59%

Performance

Inception Date: 06/27/2022

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) 322-3101. 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.

Holdings

Top 10 Holdings

Holdings subject to change.
Name
02/09/2023
Date Account StockTicker SecurityName CUSIP Shares Price MarketValue Weightings NetAssets SharesOutstanding CreationUnits MoneyMarketFlag
02/09/2023 OARK 2ARKK 230317C00040010 ARKK 03/17/2023 40.01 C 2ARKK 230317C00040010 138 3.89 53,725.94 11.77% 456,335 25,000 1
02/09/2023 OARK 2ARKK 230317P00040010 ARKK 03/17/2023 40.01 P 2ARKK 230317P00040010 -138 2.08 -28,757.92 -6.30% 456,335 25,000 1
02/09/2023 OARK 91282CDH1 UNITED STATES TREAS NTS 0.75% 11/15/2024 91282CDH1 194,000 93.56 181,503.67 39.77% 456,335 25,000 1
02/09/2023 OARK 91282CDR9 UNITED STATES TREAS NTS 0.75% 12/31/2023 91282CDR9 187,000 96.36 180,185.23 39.49% 456,335 25,000 1
02/09/2023 OARK ARKK 230210C00043000 ARKK US 02/10/23 C43 ARKK 230210C00043000 -14 0.30 -413.00 -0.09% 456,335 25,000 1
02/09/2023 OARK ARKK 230210C00047000 ARKK US 02/10/23 C47 ARKK 230210C00047000 -124 0.02 -248.00 -0.05% 456,335 25,000 1
02/09/2023 OARK Cash&Other Cash & Other Cash&Other 70,886 1.00 70,886.67 15.53% 456,335 25,000 1 Y

Literature

Purchase Information

Buy OARK

YieldMax Innovation Option Income Strategy ETF (OARK) is available through various channels including via phone (866) 322-3101 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.

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