ARKT is designed to deliver a defined outcome tied to the ARK Innovation ETF (ARKK) over rolling 12-month periods from October to September. The fund reduces downside exposure by half relative to ARKK through a structured options strategy, while allowing participation in ARKKs gains once its share price exceeds a 5% hurdle. To build this profile, the fund writes at-the-money calls on ARKK to generate option premium, which is then used to purchase puts that offset 50% of losses and calls that capture upside beyond the hurdle. The options are implemented primarily through exchange-listed FLEX contracts, which allow customization of terms such as strike and expiration to align with the funds outcome design. DIET stands for defined innovation exposure term, reflecting the one-year structure linked to ARKKs innovation theme. It is important to note that these outcomes are not guaranteed, and losses can still occur.