Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
You take care of your investments. We like that.
Upgrade to Premium to access your Watchlist and more.
AXS Short Innovation Daily ETF
Active ETF
SARK
Payout Change
Pending
Price as of:
$31.93
+0.63
+2.01%
primary theme
N/A
SARK (ETF)
AXS Short Innovation Daily ETF
Payout Change
Pending
Price as of:
$31.93
+0.63
+2.01%
primary theme
N/A
SARK (ETF)
AXS Short Innovation Daily ETF
Payout Change
Pending
Price as of:
$31.93
+0.63
+2.01%
primary theme
N/A
Name
As of 04/19/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
23.0%
1 yr return
-15.7%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$129 M
Holdings in Top 10
8.6%
52 WEEK LOW AND HIGH
$31.3
$25.08
$46.27
Expenses
OPERATING FEES
Expense Ratio 1.01%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 04/19/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
SARK - Profile
Distributions
- YTD Total Return 23.0%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameAXS Short Innovation Daily ETF
-
Fund Family NameINVESTMENT MANAGERS SERIES TRUST II
-
Inception DateNov 05, 2021
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMatthew Tuttle
Fund Description
The Fund is an actively managed exchange traded fund that attempts to achieve the inverse (-1x) of the return of the ARK Innovation ETF for a single day (and not for any other period) by entering into a swap on the ARK Innovation ETF. A “single day” is measured from the time the Fund calculates its NAV to the time of the Fund’s next NAV calculation.
The Fund will enter into one or more swaps with major global financial institutions for a specified period ranging from a day to more than one year whereby the Fund and the global financial institution will agree to exchange the return (or differentials in rates of return) earned or realized on the ARK Innovation ETF. The gross return to be exchanged or “swapped” between the parties is calculated with respect to a “notional amount,” e.g., the return on or change in value of a particular dollar amount representing the ARK Innovation ETF. The ARK Innovation ETF is an actively managed exchange traded fund that seeks long-term growth of capital by investing under normal circumstances primarily (at least 65% of its assets) in domestic and foreign equity securities of companies that are relevant to the Fund’s investment theme of disruptive innovation. It is typically comprised of 35-55 companies.
Additionally, the Fund may invest between 40-80% of the Fund’s portfolio depending on the amount of collateral required by the Fund’s counterparties in (1) U.S. Government securities, such as bills, notes and bonds issued by the U.S. Treasury; (2) money market funds; (3) short term bond ETFs and/or (4) corporate debt securities, such as commercial paper and other short-term unsecured promissory notes issued by businesses that are rated investment grade or of comparable quality.
Because of daily rebalancing and the compounding of each day’s return over time, the return of the Fund for periods longer than a single day will be the result of each day’s returns compounded over the period, which will very likely differ from -100% of the return of the ARK Innovation ETF over the same period. The Fund will lose money if the ARK Innovation ETF’s performance is flat over time, and as a result of daily rebalancing, the ARK Innovation ETF’s volatility and the effects of compounding, it is even possible that the Fund will lose money over time while the ARK Innovation ETF’s performance decreases over a period longer than a single day.
SARK - Performance
Return Ranking - Trailing
| Period | SARK Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 23.0% | -52.9% | 764.6% | 4.26% |
| 1 Yr | -15.7% | -78.3% | 690.5% | N/A |
| 3 Yr | N/A* | -91.2% | 68.1% | N/A |
| 5 Yr | N/A* | -71.9% | 30.3% | N/A |
| 10 Yr | N/A* | -68.1% | 2.7% | N/A |
* Annualized
Return Ranking - Calendar
| Period | SARK Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -52.4% | -91.3% | 117.2% | N/A |
| 2022 | 46.8% | -100.0% | 39.6% | N/A |
| 2021 | N/A | -78.2% | 102.0% | N/A |
| 2020 | N/A | -36.6% | 351.8% | N/A |
| 2019 | N/A | -11.7% | 8.4% | N/A |
Total Return Ranking - Trailing
| Period | SARK Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 23.0% | -75.6% | 764.6% | 4.96% |
| 1 Yr | -15.7% | -78.3% | 690.5% | N/A |
| 3 Yr | N/A* | -91.2% | 68.1% | N/A |
| 5 Yr | N/A* | -71.9% | 30.3% | N/A |
| 10 Yr | N/A* | -68.1% | 2.7% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | SARK Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -46.2% | -91.3% | 117.2% | N/A |
| 2022 | 82.0% | -100.0% | 39.6% | N/A |
| 2021 | N/A | -78.2% | 102.0% | N/A |
| 2020 | N/A | -36.6% | 30.0% | N/A |
| 2019 | N/A | -11.7% | 8.4% | N/A |
SARK - Holdings
Concentration Analysis
| SARK | Category Low | Category High | SARK % Rank | |
|---|---|---|---|---|
| Net Assets | 129 M | 304 K | 2.47 B | 6.29% |
| Number of Holdings | 2 | 3 | 602 | 99.30% |
| Net Assets in Top 10 | 12.6 M | -7.43 B | 447 M | 2.80% |
| Weighting of Top 10 | 8.57% | 7.7% | 100.0% | 59.62% |
Top 10 Holdings
- CFD ARK INNOVATION ETF 10.78%
- CFD ARK INNOVATION ETF -2.22%
Asset Allocation
| Weighting | Return Low | Return High | SARK % Rank | |
|---|---|---|---|---|
| Cash | 91.43% | -114.39% | 361.39% | 90.21% |
| Other | 8.57% | -207.14% | 100.00% | 20.28% |
| Stocks | 0.00% | -300.04% | 200.58% | 31.47% |
| Preferred Stocks | 0.00% | 0.00% | 0.00% | 56.64% |
| Convertible Bonds | 0.00% | 0.00% | 2.47% | 61.54% |
| Bonds | 0.00% | -95.77% | 114.58% | 65.73% |
SARK - Expenses
Operational Fees
| SARK Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.01% | 0.49% | 5.20% | 95.68% |
| Management Fee | 0.75% | 0.35% | 1.50% | 36.11% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.03% | 0.45% | N/A |
Sales Fees
| SARK Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.75% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| SARK Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| SARK Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 459.00% | N/A |
SARK - Distributions
Dividend Yield Analysis
| SARK | Category Low | Category High | SARK % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 1.59% | 75.00% |
Dividend Distribution Analysis
| SARK | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | Quarterly | Annually |
Net Income Ratio Analysis
| SARK | Category Low | Category High | SARK % Rank | |
|---|---|---|---|---|
| Net Income Ratio | N/A | -7.24% | 3.75% | N/A |
Capital Gain Distribution Analysis
| SARK | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
SARK - Fund Manager Analysis
Managers
Matthew Tuttle
Start Date
Tenure
Tenure Rank
Nov 05, 2021
0.57
0.6%
Matthew Tuttle, portfolio manager, is a Certified Financial Planner® professional. He is the Chief Executive Officer and Chief Investment Officer of Tuttle Tactical Management, LLC. Matthew is a familiar face among the financial media. In addition to speaking at accounting and trade association meetings across the country, he is a frequent guest on Fox Business News, BusinessWeek TV and Channel 12 News, and has been interviewed on both CNBC and Fox News. Matthew has appeared numerous times on CNNfn, notably on the Your Money Show and Dolans Unscripted with Ken and Daria Dolan. He is the author of How Harvard & Yale Beat the Market (an Amazon best seller) and Financial Secrets of my Wealthy Grandparents. In addition to his books, Matthew has contributed timely articles to a variety of financial publications, including the CPA Journal, Pennsylvania CPA Journal, TAXPRO Journal, Accounting Crossing, the Fairfield County Business Journal, the Stamford Senior Flyer, and over 25 other publications nationwide. He also is a frequent contributor to Forbes.com, the Wall Street Journal, CNBC.com, SmartMoney, and Dow Jones Newswires. He has been quoted in Kiplinger's Personal Finance, Money Magazine, USA Today, the Star Ledger, Bankrate.com, the Christian Science Monitor, and the Journal of Financial Planning. In addition, Matthew has been profiled in the New York Times, Stamford Advocate and Greenwich Time. An experienced educator, Matthew teaches personal finance to consumers as an adjunct professor at Norwalk Community Technical College. He instructs through the Continuing Education centers of the Westport, Stamford, Darien, Greenwich, and Katonah districts, and the 92nd Street YMCA. He has also provided continuing education instruction to CPAs at Baruch College, the CPA / LAW Forum and through the CPA Report. Mr. Tuttle received his BA in Economics from Clark University and a MBA in Finance from Boston University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.16 | 23.76 | 9.07 | 14.22 |
