비스타쉐어즈 타겟 15® DRUKMacro Distribution ETF

DRKY는 VistaShares Target 15® DRUKMacro Distribution ETF의 종목 코드입니다. 이 ETF는 연간 15%의 배당률을 목표로 하며, 매월 지급됩니다. 해당 ETF의 자산 포트폴리오는 일반적으로 Duquesne Family Office의 주요 공개 보유 종목과 Stanley Druckenmiller의 사모 투자회사인 Fund의 보유 종목을 모방합니다. 해당 포트폴리오는 이 종목들의 주가에 대한 커버드 콜을 발행합니다. 배당률은 보장되지 않으며, 변동될 수 있으며, 자본의 회수도 포함될 수 있으며, 배당률은 총수익을 의미하지 않습니다. DRKY는 Duquesne Family Office 또는 Stanley Druckenmiller과 제휴하지 않습니다.

DRKY is not a single company’s stock; it is an exchange-traded fund whose shares trade on the NYSE throughout the day, like a stock. One DRKY share gives you a proportional interest in the whole portfolio: equities that generally mirror Duquesne Family Office’s top publicly disclosed holdings, plus the call options the Fund has written on them.

Yes. DRKY, the VistaShares Target 15® DRUKMacro Distribution ETF, holds an equity portfolio that generally mirrors the top publicly disclosed holdings of the Duquesne Family Office, Stanley Druckenmiller’s private investment firm, and writes covered calls to seek a 15% annual distribution rate, paid monthly. Disclosed holdings are delayed, so DRKY may differ from Duquesne’s current portfolio. DRKY is not affiliated with the Duquesne Family Office or with Stanley Druckenmiller.

DRKY seeks to generate high monthly income by investing in an equity portfolio and implementing a data-driven options investment strategy. As part of the Target 15® family, it seeks a 15% annual distribution rate, paid monthly. Distributions are not guaranteed, may vary greatly from month to month and may include return of capital, and the Fund may not achieve its objective.

DRKY holds stocks that generally mirror the top publicly disclosed holdings of the Duquesne Family Office, spanning the full range of company sizes, with call options written on the whole portfolio. The full holdings list is on the fund page, updated daily.

DRKY’s stock portfolio is based on the Duquesne Family Office’s Form 13F filings and focuses on its top publicly disclosed positions. Because 13F filings are published with a delay, DRKY may not match Duquesne’s current positions and may deviate substantially from its actual portfolio. DRKY is not affiliated with the Duquesne Family Office or with Stanley Druckenmiller.

DRKY’s stock portfolio is updated quarterly, using the Duquesne Family Office’s most recent Form 13F filing. Each 13F is filed after the quarter it covers, and between updates the Fund’s holdings can drift further from Duquesne’s actual portfolio. The full holdings list, updated daily, is on the fund page.

DRKY’s investment adviser is VistaShares Advisors LLC, and its portfolio is run by the VistaShares Investment Committee, which applies the Fund’s data-driven options strategy. More about the team is on the VistaShares에 관하여 page. The Fund’s distributor is Foreside Fund Services, LLC. Neither Stanley Druckenmiller nor the Duquesne Family Office has any role in managing the Fund.

Yes. DRKY is actively managed by VistaShares Advisors LLC, with its portfolio run by the VistaShares Investment Committee. Its stock portfolio is based on the Duquesne Family Office’s 13F filings, and the Committee writes call options on the whole portfolio. The prospectus describes the Fund’s strategy in full.

No. The Duquesne Family Office is described as employing a discretionary global macroeconomic strategy, but DRKY does not run a macro strategy. DRKY holds an equity portfolio that generally mirrors Duquesne’s top publicly disclosed holdings and writes covered calls on it. Publicly disclosed holdings may not reflect Duquesne’s current positions or its other investments. DRKY is not affiliated with the Duquesne Family Office or with Stanley Druckenmiller.

DRKY combines two parts: an equity portfolio that generally mirrors the top publicly disclosed holdings of the Duquesne Family Office, and a data-driven options investment strategy that writes covered calls on that portfolio. Option premium collected is a main source of the monthly distributions, which seek a 15% annual distribution rate. By writing covered calls the Fund may limit its potential gains in exchange for premium income. Calls are written on 100% of the portfolio.

Yes. DRKY writes covered calls, meaning call options on stocks it owns, to seek high monthly income from a portfolio that generally mirrors Duquesne Family Office’s top publicly disclosed holdings. The Fund’s disclosures state that by writing covered calls the Fund may limit its potential gains in exchange for premium income.

It is the Fund’s description of how the VistaShares Investment Committee writes call options on DRKY’s stocks to generate premium for monthly distributions, drawing on the research process used across VistaShares’ options-based income ETFs. Calls are written on the whole portfolio rather than on a portion of it.

In a rising market, DRKY’s stocks gain value, but the call options it has written cap the gain on each covered position above the strike price until the options expire. As a result, DRKY may capture less of a strong rally than the same stocks held without options. By writing covered calls the Fund may limit its potential gains in exchange for premium income.

In a flat market, the stocks in DRKY change little, and the premium from writing calls can make up a larger share of the Fund’s return. That premium is a main source of the Fund’s monthly distributions. Results still depend on the Fund’s expenses and on how option prices change.

When stocks fall, DRKY falls with its holdings; option premium collected does not stop those losses, and the Fund is not a buffer or hedged strategy. Because the portfolio is focused, a drop in one or a few of Duquesne’s disclosed positions can weigh on the Fund. The value of your investment may decline. Investments involve risk, including possible loss of principal.

Option prices are volatile. They are influenced by actual and anticipated changes in the value of the underlying stocks, changes in actual or implied volatility, the time remaining until expiration, and fiscal, monetary, political and economic events. These factors affect how much premium DRKY can collect and the value of its option positions.

DRKY pays monthly distributions rather than a traditional stock payout. The Fund seeks a 15% annual distribution rate, paid monthly, and each distribution may include option premium, income from the Fund’s holdings, capital gains, interest and return of capital. There is no assurance of a distribution in any given month, and amounts will likely vary greatly from one distribution to the next. See our guide to 월별 배당 ETF 및 배분.

DRKY pays distributions monthly. Upcoming ex-dates, record dates and payable dates are listed in the distribution calendar on the fund page, and past distributions are shown there with their dates. There is no assurance the Fund will make a distribution in any given month.

The ex-date is the first day DRKY shares trade without the right to the upcoming distribution, so you generally need to own shares before the ex-date to receive it. The record date is when the holders entitled to it are identified, and the payable date is when it is paid. DRKY’s dates are in the distribution calendar on the fund page.

DRKY seeks a 15% annual distribution rate, paid monthly: a target for the size of its monthly distributions relative to the share price over a year. It is not a total return, which also reflects changes in DRKY’s share price. Distributions are not guaranteed, may vary and may include return of capital.

No. There is no assurance that DRKY will make a distribution in any given month, and if it does, amounts will likely vary greatly from one distribution to the next. Distributions may include return of capital, and a distribution rate is not a total return. Current distribution history, with dates, is on the fund page. Investments involve risk, including possible loss of principal.

DRKY’s distribution rate takes the most recent distribution, multiplies it by 12 to annualize it, and divides by the Fund’s NAV. It shows the annual rate an investor would receive if that one distribution stayed the same, which may not happen, and it is not a total return. The current figure, with its as-of date, is on the fund page.

DRKY’s distribution rate annualizes its most recent distribution, which can include option premium and return of capital. Its 30-day SEC yield measures only net investment income, which excludes option income, over the 30 days ended at the latest month-end, annualized on the share price. The two can differ widely. Current figures, with their as-of dates, are on the fund page. See our guide to the 유통률 대 30일 SEC 수익률.

DRKY’s SEC yield excludes option income, which is a main source of its distributions, so it captures only the net investment income from holdings such as interest and payouts from stocks, after expenses. The distribution rate reflects the full monthly distribution, including option premium and any return of capital. Current figures, with their as-of dates, are on the fund page.

DRKY’s distributions may be comprised of option premiums, dividends, capital gains and interest payments, and the Fund’s distributions have been classified as return of capital for tax purposes. The estimated breakdown of each distribution is in the Fund’s Section 19(a) notices on the fund page, and the final tax character is reported after year-end.

Yes. DRKY’s distributions have been classified as return of capital, which is a tax classification of how a distribution is characterized. In an option-writing fund like DRKY, it can arise when realized losses in the portfolio offset gains, so part of a distribution is not characterized as income. The 19(a) notices on the fund page give the estimated breakdown. See our guide to ETF 배분에서 자본의 반환.

The portion of a DRKY distribution classified as return of capital is generally not taxable when received; instead it lowers your cost basis in the shares. That may mean a higher capital gain or a lower capital loss when you sell, so tax on that portion is generally deferred until sale. Tax treatment depends on each investor’s situation; consult a tax advisor.

No, not by itself. Return of capital describes how DRKY’s distributions are classified for tax purposes; it does not describe how the Fund’s NAV has performed. NAV depends on the Fund’s total return, including changes in the value of its stocks and options. Current NAV and performance, with their as-of dates, are on the fund page.

DRKY’s Section 19(a) notices are on the fund page. A 19(a) notice accompanies a distribution paid from sources other than net investment income and estimates how much comes from income, capital gains and return of capital.

DRKY’s distributions may be characterized as ordinary income, capital gains or return of capital, and each is treated differently for tax purposes; return of capital is generally not taxed when received but reduces cost basis. The 19(a) notices give estimates for each distribution, and the final tax character is reported after year-end. Tax treatment depends on each investor’s situation; consult a tax advisor.

DRKY does not claim to be tax efficient. Its distributions have been classified as return of capital, which may offer potential tax deferral because that portion generally lowers cost basis rather than being taxed when received. The Section 19(a) notices on the fund page give the estimated breakdown of each distribution. Whether DRKY suits your tax situation depends on your circumstances; consult a tax advisor.

Many brokers let you reinvest ETF distributions automatically in additional shares; whether that is available for DRKY, and on what terms, depends on your broker. Reinvesting does not change how each distribution is characterized for tax purposes.

A covered call ETF owns stocks and sells call options on them, collecting premium that can be paid out as distributions while giving up some upside. DRKY applies this approach to a portfolio that generally mirrors Duquesne Family Office’s top publicly disclosed holdings. For a full explanation, see our guide: 커버드 콜 ETF란 무엇인가?

No investment is free of risk, and DRKY can lose value. Its main risks are equity market risk, options and derivatives risk, focused portfolio risk, the risk that its holdings differ from Duquesne’s current portfolio because disclosures are delayed, and distribution risk, since distributions may vary or stop. The value of your investment may decline. Investments involve risk, including possible loss of principal.

The Duquesne Family Office is the private investment firm of Stanley Druckenmiller, and it employs a discretionary global macroeconomic strategy. DRKY’s equity portfolio generally mirrors its top publicly disclosed holdings. DRKY is not affiliated with the Duquesne Family Office or with Stanley Druckenmiller.

DRKY offers exposure to the stocks in the Duquesne Family Office’s top publicly disclosed holdings, combined with a covered call strategy that seeks a 15% annual distribution rate, paid monthly. It does not replicate Duquesne’s discretionary macro strategy or its current positions, because public disclosures are delayed and cover only part of a portfolio. DRKY is not affiliated with the Duquesne Family Office or with Stanley Druckenmiller.

No. DRKY is not affiliated with the Duquesne Family Office or with Stanley Druckenmiller. The Fund’s equity portfolio is based on publicly available data, and neither Stanley Druckenmiller nor the Duquesne Family Office sponsors, endorses or manages the Fund.

Buying the stocks directly gives you their full upside and any payouts, and you manage weights and updates yourself. DRKY bundles them in one ETF that follows updates to Duquesne’s disclosed holdings, writes covered calls that limit gains in exchange for premium, pays monthly distributions that may include return of capital, and charges a 0.95% expense ratio. Holding the stocks yourself would not include the option overlay.

All six Target 15® funds write calls on an equity portfolio and seek a 15% annual distribution rate, paid monthly. They differ in the portfolio underneath: DRKY mirrors Duquesne Family Office’s top disclosed holdings, OMAH Berkshire Hathaway’s 20 largest holdings plus BRK.B, ACKY Pershing Square’s, TPRY Appaloosa’s, SIOO the S&P 100 and QUSA U.S. quality companies. Expense ratios also differ.

No single covered call ETF suits every investor, and VistaShares does not rank funds. DRKY is distinct in writing covered calls on a portfolio that mirrors the Duquesne Family Office’s top publicly disclosed holdings. Compare objectives, holdings, fees, distribution history and risks across funds with your financial advisor.

DRKY’s ticker is DRKY, its CUSIP is 45259A266, and its shares are listed on the NYSE. The full name is VistaShares Target 15® DRUKMacro Distribution ETF.

You can buy DRKY through a brokerage account by entering the ticker DRKY and placing an order while the market is open, as you would for a stock. You pay the market price, which can differ from NAV, plus any commission and the bid-ask spread. A financial advisor can also place the order for you.

DRKY’s expense ratio is 0.95%, as stated on the fund page on Nov 12, 2026. It is deducted from the Fund’s assets over the year and reflected in its NAV, not billed to you separately. The prospectus gives the full fee table.

DRKY’s inception date is October 8, 2025. As a recently organized fund it has a limited operating history, so investors have a short track record on which to base decisions.

The minimum investment in DRKY is one share, bought through a brokerage account. The cost of one share is its market price at the time of your order, plus any commission your broker charges. The current price, with its as-of time, is on the fund page.

Yes, generally. DRKY is an NYSE-listed ETF, and listed ETFs can generally be held in brokerage IRAs and other retirement accounts, subject to the account provider’s rules. How distributions are treated in a retirement account differs from a taxable account; consult a tax advisor.

DRKY is listed on the NYSE. VistaShares ETFs are US-listed. International investors should check with their local broker whether they can buy them.

Current figures, with their as-of dates, are on the fund page, including NAV, market price, distribution rate, 30-day SEC yield, holdings and performance. The distribution calendar and 19(a) notices are there too.

DRKY’s prospectus, summary prospectus, statement of additional information (SAI) and reports are linked on the fund page, and the prospectus is also available by calling (844) 875-2288. Read it before investing; it describes the Fund’s objective, strategy, risks and fees. Foreside Fund Services, LLC is the distributor.

DRKY’s main risks are equity market risk; options and derivatives risk, including the limit on gains from writing covered calls; focused portfolio risk; strategy risk, since holdings come from delayed public disclosures and may differ from Duquesne’s current portfolio; distribution risk, since distributions may vary or stop; and new fund risk. Investments involve risk, including possible loss of principal.

Yes. DRKY’s disclosures state that the Fund may not achieve its investment objective, and the value of your investment may decline. Falling stock prices, a focused portfolio and the cap on gains from covered calls can all affect results, and option premium does not prevent losses. Investments involve risk, including possible loss of principal.

DRKY holds a relatively focused portfolio with fewer issuers than many other ETFs, so poor performance by one or a few holdings can have a larger effect on the Fund’s value. Investments involve risk, including possible loss of principal.

DRKY is designed to seek high monthly income, targeting a 15% annual distribution rate paid monthly, from a portfolio that generally mirrors the Duquesne Family Office’s top publicly disclosed holdings, and it can be considered a portion of the core equity allocation in a well-diversified portfolio. Its portfolio is focused, writing covered calls limits gains, its holdings rely on delayed public disclosures, and distributions are not guaranteed and may include return of capital. Whether DRKY is appropriate depends on your objectives and circumstances; discuss it with your financial advisor and read the prospectus.