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.

PERFORMANCE [as of 03/28/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
OARK -3.58% 4.79% -0.29% -- -- -- --
OARK (NAV) -4.06% 3.94% -0.96% -- -- -- --
No Underlying Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

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

Tidal
11/22/22
0.99%
$9.89M
No Underlying Index
N/A
Open-Ended Fund

Peers

N/A

Fund Flows

+$0.00B 5 Days
+$0.01B 30 Days
+$0.01B 90 Days

OARK Portfolio Data

--
--
--
--
N/A
--

OARK Index Data

No Underlying Index
Fixed
Fixed
N/A

OARK Portfolio Management

0.99%
--
--
--

OARK Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

OARK Fund Structure

Open-Ended Fund
No
No
-- / --
N/A
N/A
Low
Daily

Factset Analytics Block Liquidity

As of 03/29/23

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

19,099
$315.95K
13,366
$202.51K
0.59%
$0.10
0.20%
3.81% / -0.72%
None
--
--
--
--
--
0
$15.55
N/A

OARK Sector/Industry Breakdown

OARK Segment
Benchmark
79.30% --
17.70% --
3.01% --

OARK Top 10 Holdings

39.86%
39.44%
22.33%
-4.63%
100.00%

OARK Performance Statistics

--
--
--
--
--
N/A

OARK Benchmark Comparison Holdings

--
--
--
--

OARK Benchmark Comparison Summary

OARK Segment
Benchmark
-- --
-- --
-- --
-- --
-- --
-- --

OARK Benchmark Comparison Market Cap Size

OARK Segment
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.