Before investing you should carefully consider the Fund’s investment objectives, risks,
charges and expenses. This and other information is in the prospectus. Please read the
prospectuses carefully before you invest. Click here for a prospectus for OARK. Click here for a
prospectus for TSLY.
For a full list of holdings for OARK, click here.
For a full list of holdings for TSLY, click here.
Fund holdings and sector allocation as subject to change and are not a recommendation to buy or sell
any security.
Investments involve risk. Principal loss is possible.
THE FUND, TRUST, ADVISER, AND SUB-ADVISER ARE NOT AFFILIATED WITH TESLA, INC.
Due to the Fund’s investment strategy, the Fund’s investment exposure is concentrated in the same
industry as that assigned to TSLA. As of the date of the Prospectus, TSLA is assigned to the auto
manufacturing industry. As with any investment, there is a risk that you could lose all or a portion of
your investment in the Fund. Some or all of these risks may adversely affect the Fund’s net asset value
(“NAV”) per share, trading price, yield, total return, and/or ability to meet its objective.
Indirect Investment in TSLA Risk. Tesla, Inc. is not affiliated with the Trust, the Fund, the Adviser, the
Sub-Adviser, or their respective affiliates and is not involved with this offering in any way and has no
obligation to consider your Shares in taking any corporate actions that might affect the value of Shares.
Investors in the Fund will not have voting rights and will not be able to influence management of Tesla,
Inc. but will be exposed to the performance of TSLA (the underlying stock). Investors in the Fund will not
have rights to receive dividends or other distributions or any other rights with respect to the underlying
stock but will be subject to declines in the performance of the underlying stock. TSLA Trading Risk. The
trading price of TSLA may be highly volatile and could continue to be subject to wide fluctuations in
response to various factors.
Electric Vehicles Risk. The future growth and success of Tesla, Inc. are dependent upon consumers’
demand for electric vehicles, and specifically, its vehicles in an automotive industry that is generally
competitive, cyclical and volatile. If the market for electric vehicles in general and Tesla, Inc. vehicles in
particular does not develop as Tesla, Inc. expects, develops more slowly than it expects, or if demand for
its vehicles decreases in its markets or its vehicles compete with each other, the business, prospects,
financial condition and operating results of Tesla, Inc. may be harmed. Tesla, Inc. is still at an earlier
stage of development and have limited resources and production relative to established competitors
that offer internal combustion engine vehicles. In addition, electric vehicles still comprise a small
percentage of overall vehicle sales.
THE FUND, TRUST, ADVISER, AND SUB-ADVISER ARE NOT AFFILIATED WITH ARK ETF TRUST, ARKK, OR
ARK INVESTMENT MANAGEMENT LLC.
Due to the Fund’s investment strategy, the Fund’s investment exposure is concentrated in the same
industry as that assigned to ARKK. ARKK’s investment objective is long-term growth of capital. ARKK is
an actively-managed ETF that invests 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. ARKK’s investment adviser defines “disruptive innovation” as the introduction
of a technologically enabled new product or service that potentially changes the way the world works.
As with any investment, there is a risk that you could lose all or a portion of your investment in the
Fund.
Some or all of these risks may adversely affect the Fund’s net asset value (“NAV”) per share, trading
price, yield, total return, and/or ability to meet its objective.
Shares of any ETF are bought and sold at market price (not NAV) and may trade at a discount or
premium to NAV. Shares are not individually redeemable from the Fund and may only be acquired or
redeemed from the fund in creation units. Brokerage commissions will reduce returns.
ARKK Risk. The Fund invests in options contracts that are based on the value of an ETF, specifically
ARKK. This subjects the Fund to certain of the same risks as if it owned shares of ARKK, as well as the
types of instruments in which ARKK invests, even though it does not. The value of ARKK will fluctuate
over time based on fluctuations in the values of the securities held by ARKK, which may be affected by
changes in general economic conditions, expectations for future growth and profits, interest rates and
the supply and demand for those securities. Brokerage, tax and other expenses may negatively impact
the performance of ARKK and, in turn, the value of the Fund’s shares. Since ARKK is an ETF, it is also
subject to the same structural risks as the Fund, which is an ETF.
Launch & Structure Partner: Tidal ETF Services
The funds are distributed by Foreside Fund Services, LLC. Yieldmax, Foreside and Tidal are not related.