- What does DRKY invest in?
- The VistaShares Target 15 DRUKMacro Distribution ETF (DRKY) is designed to achieve a 15% annual income target, disbursed monthly, alongside long-term capital growth. Its investment strategy encompasses two main pillars. First, it allocates capital to U.S. equities, either directly or via swap agreements, focusing on a concentrated portfolio of the top 20 U.S.-listed securities handpicked by Duquesne Family Office. Second, it generates income through a dedicated options portfolio. These options-based strategies are crafted to meet the specified income goal and are subject to modification based on prevailing market dynamics, risk assessment, and opportunities for capital expansion. To enhance its operational flexibility and tax efficiency, the fund will employ various derivatives, including short-dated, in-the-money call options and swap contracts. It will maintain cash or U.S. Treasuries as collateral, meticulously balancing its pursuit of income generation with its aim for capital appreciation.
- What is the expense ratio of DRKY?
- VistaShares Target 15 DRUKMacro Distribution ETF (DRKY) charges an expense ratio of 0.95%. This is the annual fee deducted from fund assets to cover management and operations.
- What is DRKY's distribution yield?
- DRKY's trailing-twelve-month yield is 13.19%, calculated from the sum of distributions over the past year divided by the current price.
- How does DRKY's covered-call strategy work?
- DRKY sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.
- How big is DRKY?
- VistaShares Target 15 DRUKMacro Distribution ETF (DRKY) manages $18.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is DRKY actively managed or an index fund?
- DRKY's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
