What is DRSK?

DRSK is an actively-managed fund that combines US corporate bond exposure with an overlay of call options on US large-cap stocks. The fund seeks income and capital appreciation.

PERFORMANCE [as of 03/22/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
DRSK 1.48% 0.74% 1.52% -5.34% 1.91% -- --
DRSK (NAV) 1.72% 0.84% 1.60% -5.13% 2.46% -- --
No Underlying Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

DRSK Factset Analytics Insight

DRKS provides fixed income and equity exposure in a single wrapper. The fund holds 90 to 95% of the portfolio in a 7- to 8-year ladder of USD-denominated, investment-grade corporate bonds, using bullet maturity ETFs to gain this exposure. DRSK holds these bond ETFs to expiration, rolling over each fund into a later-dated portfolio as it reaches maturity. The remaining 5 to 10% of the portfolio is invested in call options on US equities. Call options are purchased at the money, at least 6 months from expiration, and rolled quarterly. Options are purchased on 10 to 20 large-cap stocks chosen for momentum and growth potential, or on one or more ETFs tracking US large-caps. This option overlay effectively provides leveraged exposure to US equities, with a variable rate of leverage that increases when stock prices fall.

DRSK Summary Data

08/08/18
0.79%
$669.52M
No Underlying Index
N/A
Open-Ended Fund

Peers

N/A

Fund Flows

$0.00B 5 Days
-$0.01B 30 Days
-$0.14B 90 Days

DRSK Fund Structure

No
No
-- / --
N/A
N/A
Low
N/A
N/A

DRSK Tax Exposures

20.00% / 39.60%
2.21%
No

DRSK Portfolio Data

1.85%
N/A

DRSK Index Data

No Underlying Index
Proprietary
Proprietary
N/A

Factset Analytics Block Liquidity

As of 03/23/23

This measurement shows how easy it is to trade a $1 million USD block of DRSK. DRSK is rated a N/A out of 5.

DRSK Tradability

121,094
$3.13M
84,623
$2.19M
0.20%
$0.05
0.02%
0.24% / -0.26%
None
100.00%
50,000
1.69
0.02%
3.81%
0
$26.02
N/A