OARK
YieldMax Innovation Option Income Strategy ETF
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.
Risk Management
DERIVATIVES
Active
MANAGEMENT STYLE
$ 50.3 M
ASSETS UNDER MGMT
99 bp
EXPENSES
Fund Basics
| Inception date | Nov 23, 2022 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Monthly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top Holdings
| UNITED STATES TREASURY BILL 08/06/2026 | 33.0 % |
| UNITED STATES TREASURY BILL 07/09/2026 | 26.4 % |
| UNITED STATES TREASURY BILL 09/03/2026 | 16.2 % |
| ARKK US 06/18/26 C70 | 13.0 % |
| UNITED STATES TREASURY BILL 06/11/2026 | 6.1 % |
| CASH & OTHER | 4.1 % |
| UNITED STATES TREASURY BILL 10/15/2026 | 2.2 % |
| ARKK US 06/12/26 C81.5 | 0.3 % |
| ARKK US 06/05/26 C83.5 | 0.1 % |
| ARKK US 06/05/26 C80 | 0.1 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -9.5% | -16.4% | -22.3% | -26.0% | -- | -- | -- | -27.2% |
| Dividend Yield | 19.3% | 57.6% | 48.6% | 42.0% | -- | -- | -- | 40.5% |
| Total Returns | 9.8% | 41.1% | 26.4% | 16.0% | -- | -- | -- | 13.3% | Ann. Volatility | 29.6% | 28.1% | 31.8% | 30.2% | -- | -- | -- | 30.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.82 | 58% |
| MSCI EAFE | 1.03 | 30% |
| MSCI Emg Mkts | 0.84 | 35% |
Liquidity Measures
| Avg. volume (000) | 13 |
| ADV traded (mns) | $0 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.39% |
Technical Indicators
| 30d moving avg. (EMA) | $30.65 |
| Relative strength (RSI) | 51 |
| MACD/Signal | -0.08/0.13 |
| Bollinger Bands (Upper/Lower) | $32.50/$29.24 |
| Short interest (% of AUM) | 3.9% |
Distributions