# Tradr 1X Short Innovation Daily ETF (SARK): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/sark for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Tradr · Asset class: Leveraged/Inverse - Strategy: Inverse · Inception: 2021-11-05 The SARK fund is an actively managed exchange-traded fund that aims to provide the inverse (-1x) return of the ARK Innovation ETF for a single day only. It's crucial to understand that this objective applies solely to one day and not to any longer periods. This is accomplished primarily through the use of swap agreements that reference the ARK Innovation ETF. The ARK Innovation ETF, which SARK targets, is itself an actively managed fund that seeks long-term appreciation of capital. It does so by investing primarily in equity securities of companies located both domestically and internationa... ## Key Facts | Metric | Value | |---|---| | Price | $24.40 | | Expense Ratio | 0.96% | | Assets Under Management | $34.2M | | NAV | $24.34 | | Holdings Count | 0 | | Distribution Yield (TTM) | 3.49% | | Annual Distribution (TTM) | $0.85 /share | | Distribution Frequency | Annual | | 52-Week Range | $22.28 – $35.67 | | Beta | -2.73 | ## Latest Distribution - Amount: $0.8523 /share - Ex-date: 2025-12-23 - Pay date: 2025-12-26 ## Frequently Asked Questions ### What does SARK invest in? The SARK fund is an actively managed exchange-traded fund that aims to provide the inverse (-1x) return of the ARK Innovation ETF for a single day only. It's crucial to understand that this objective applies solely to one day and not to any longer periods. This is accomplished primarily through the use of swap agreements that reference the ARK Innovation ETF. The ARK Innovation ETF, which SARK targets, is itself an actively managed fund that seeks long-term appreciation of capital. It does so by investing primarily in equity securities of companies located both domestically and internationally that are pioneering or leveraging disruptive innovation. A key characteristic of the ARK Innovation ETF is its non-diversified nature. ### What is the expense ratio of SARK? Tradr 1X Short Innovation Daily ETF (SARK) charges an expense ratio of 0.96%. This is the annual fee deducted from fund assets to cover management and operations. ### Is SARK a good long-term hold? SARK is a inverse fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple, typically with negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days. ### How does SARK's daily reset work? SARK rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level, so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets. ### How big is SARK? Tradr 1X Short Innovation Daily ETF (SARK) manages $34.2M 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 SARK actively managed or an index fund? SARK's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### Does SARK pay a dividend? Tradr 1X Short Innovation Daily ETF (SARK) currently distributes little or no income. Trailing-twelve-month yield is 3.49%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does SARK pay dividends? Tradr 1X Short Innovation Daily ETF pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is SARK's dividend yield? SARK's trailing-twelve-month yield is 3.49%, calculated from the sum of dividends over the past year divided by the current price. ### When is SARK's next ex-dividend date? The most recently announced ex-dividend date for SARK was 2025-12-23. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will SARK's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.96% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does SARK charge its expense ratio? The expense ratio is deducted in tiny daily slices from SARK's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does SARK cost more than a fund like VOO? SARK is a inverse fund (current expense ratio 0.96%). Daily-reset leverage products carry swap and financing costs that don't exist on a plain-vanilla equity ETF. The Cost Verdict card compares against the leveraged/inverse cohort where these costs are the norm. ### Are there cheaper alternatives to SARK? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as SARK (0.96%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/sark - Distribution history: https://www.dividenddata.com/funds/sark/dividend - Holdings & diversification: https://www.dividenddata.com/funds/sark/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/sark/expenses - Peer comparison: https://www.dividenddata.com/funds/sark/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.