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About YieldMax Innovation Option Income Strategy ETF
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Inception date
Nov 22, 2022
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
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 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 for collateral. The synthetic long exposure seeks to replicate the price movements of ARKK by purchasing and selling at-the-money calls and puts that have one- to six-month terms. To generate income, the fund writes call options with an expiration of one month or less and a strike price of approximately 0%-15% above ARKK's current share price. This limits participation in potential gains if ARKK shares increase in value. The short put positions fully expose investors to the downside of the stock. Note: the fund does not invest directly in ARKK. Thus, investors are not entitled to any ARKK distributions.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Bonds, Cash & Other100.00%
Government87.86%
Rights & Warrants8.23%
Mutual fund5.47%
Cash−1.56%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
OARK top holdings are United States Treasury Notes 3.875% 15-JAN-2026 and United States Treasury Notes 4.25% 15-OCT-2025, occupying 25.68% and 19.79% of the portfolio correspondingly.
OARK last dividends amounted to 0.39 USD. The month before, the issuer paid 0.31 USD in dividends, which shows a 21.00% increase.
OARK assets under management is 69.12 M USD. It's risen 7.85% over the last month.
OARK fund flows account for 17.02 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, OARK pays dividends to its holders with the dividend yield of 51.28%. The last dividend (Jun 13, 2025) amounted to 0.39 USD. The dividends are paid monthly.
OARK shares are issued by Toroso Investments Topco LLC under the brand YieldMax. The ETF was launched on Nov 22, 2022, and its management style is Active.
OARK expense ratio is 1.00% meaning you'd have to pay 1.00% of your investment to help manage the fund.
OARK follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
OARK invests in bonds.
OARK price has fallen by −2.78% over the last month, and its yearly performance shows a −26.03% decrease. See more dynamics on OARK price chart.
NAV returns, another gauge of an ETF dynamics, showed a 16.62% increase in three-month performance and has increased by 18.05% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 16.62% increase in three-month performance and has increased by 18.05% in a year.
OARK trades at a premium (0.31%) meaning the ETF is trading at a higher price than the calculated NAV.