YieldMax Innovation Option Income Strategy ETF

Frequently Asked Questions About OARK

What does OARK invest in?

The YieldMax Innovation Option Income Strategy ETF, or OARK, functions as an actively managed exchange-traded fund. Its core objective is to deliver regular weekly income to its holders. This income is primarily derived from the sale of call options or call spreads written against the ARKK exchange-traded fund. The overall methodology is constructed to gather income from these option premiums, concurrently offering some exposure to any upward movement in ARKK's underlying share price.

What is the expense ratio of OARK?

YieldMax Innovation Option Income Strategy ETF (OARK) charges an expense ratio of 1.00%. This is the annual fee deducted from fund assets to cover management and operations.

What is OARK's distribution yield?

OARK's trailing-twelve-month yield is 72.77%, calculated from the sum of distributions over the past year divided by the current price.

How does OARK's covered-call strategy work?

OARK 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 OARK?

YieldMax Innovation Option Income Strategy ETF (OARK) manages $33.0M 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 OARK actively managed or an index fund?

OARK's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.