ARKY
Overview
Fund Objective
The ARK Active Autocallable Income ETF (ARKY) seeks to provide income through actively managed investments in a portfolio of autocallables that reference equity securities from ARK’s innovation universe.
Fund Description
ARKY targets a compelling income profile, but with built-in active management to prioritize the consistency of the contingent coupon, not just its size. ARKY’s target income is achieved through a yield enhancement strategy that seeks to capture value from price movement in ARK’s innovation universe, accessed through structured autocallable notes. ARKY’s sub-advisor, SCGAM, continuously calibrates strike levels, maturities, and payoff structures position by position as market conditions evolve, with the goal of minimizing net asset value (NAV) erosion and maintaining stable income generation. Every autocallable in the portfolio references a stock from ARK’s high-conviction innovation universe.
Fund Details
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Autocallable Dashboard
Performance
Performance
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal will fluctuate so that an investor’s shares when redeemed may be worth more or less than the original cost. Extraordinary performance is attributable in part due to unusually favorable market conditions and may not be repeated or consistently achieved in the future. The Fund’s most recent month-end performance can be found in the fund material section. Returns for less than one year are not annualized. Net asset value (“NAV”) returns are based on the dollar value of a single share of the ETF, calculated using the value of the underlying assets of the ETF minus its liabilities, divided by the number of shares outstanding. The NAV is typically calculated at 4:00 pm Eastern time on each business day the New York Stock Exchange is open for trading. Market returns are based on the trade price at which shares are bought and sold on the Cboe BZX. using the last share trade. Market performance does not represent the returns you would receive if you traded shares at other times. Total Return reflects the reinvestment of distributions on ex-date for NAV returns and payment date for Market Price returns. The market price of the ETF’s shares may differ significantly from their NAV during periods of market volatility. Median 30 Day Spread is a calculation of Fund's median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund's national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.
Underlying Reference Companies
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