OARK YieldMax Innovation Option Income Strategy ETF
What is OARK?
OARK seeks to provide current income and capped gains on the ARK Innovation ETF (ARKK) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options.
OARK Factset Analytics Insight
OARK aims to generate monthly income while providing exposure to the price returns of the ARK Innovation ETF (ARKK), subject to a cap on potential investment gains. The fund utilizes a synthetic covered call strategy via standardized exchange-traded and FLEX options, which consists of three elements: i) synthetic long exposure, ii) covered call writing, and iii) US Treasurys. The synthetic long exposure seeks to replicate the price movements of ARKK by purchasing and selling “at-the-money" call and put options that generally have six-month to one-year terms. To generate income, the fund writes call options with an expiration of one month or less and a strike price of approx. 5%-15% above ARKK’s current share price. This limits the fund’s participation in potential gains if ARKK shares increase in value. Lastly, the fund holds cash and short-term Treasury securities as collateral. Note: the fund does not invest directly in ARKK. Thus, investors are not entitled to any ARKK distributions.
OARK Summary Data
Peers
Fund Flows
OARK Portfolio Management
OARK Tax Exposures
OARK Fund Structure
Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of OARK. OARK is rated a N/A out of 5.
OARK Tradability
OARK Sector/Industry Breakdown
Benchmark
OARK Top 10 Holdings
OARK Performance Statistics
OARK Benchmark Comparison Summary
Benchmark
OARK Benchmark Comparison Market Cap Size
Benchmark
Options Strategies for Outcome Investing
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.