Ocean Park High Income ETF (DUKH) Educational Report

What this ETF is trying to do

The Ocean Park High Income ETF (DUKH) is an exchange-traded fund listed on the NASDAQ. Based on its name, this fund focuses on providing income to investors.

What the numbers show

It is important to understand that "price return" and "total return" tell different stories. Price return only tracks how the share price moves. Total return includes both the price movement and the cash distributions paid out to investors.

As of October 9, 2026, the current price is $23.17. Here is how the fund has performed:

• Year-to-Date (YTD): The price return is approximately -4.96%. However, the YTD total return is approximately -1.49%.

• One Year: The one-year price return is approximately -4.98%. The one-year total return is approximately -0.09%.

To visualize the price change, we can look at an estimated price from roughly one year ago, which was $24.38. Because the total return numbers are higher than the price return numbers, it shows that the cash distributions helped offset some of the share-price decline.

Income and distribution explanation

This ETF provides cash distributions to investors. The distribution yield is approximately 5.22%. This number describes the cash paid out relative to the current ETF price.

The fund usually pays out monthly, with 11 distributions recorded over the last 12 months. Most of these payments have occurred on Tuesdays, Wednesdays, or Thursdays. While high yields can provide cash income, they do not guarantee that the investment's value will stay the same.

NAV erosion explanation

"NAV erosion" is a term used to describe when the value of the underlying assets in a fund decreases. Investors often care about principal stability because they want to make sure their initial investment stays intact while collecting income.

For DUKH, the erosion-risk score is 94, which is labeled as "Stable / sideways." The erosion severity is described as "good," and there is no severe erosion-risk flag present.

Pros

• The fund provides a distribution yield of approximately 5.22%.

• The erosion-risk measurements suggest the fund is currently stable or moving sideways.

Cons

• The fund has experienced a share-price decline over the last year.

• Both the YTD and one-year total returns have been negative.

Beginner takeaway

When looking at high-income ETFs, it is important to look at both the price return and the total return. A falling share price can be partially offset by cash distributions, but a high yield alone does not mean the total investment is growing. Always check the erosion-risk score to understand how stable the fund's value appears to be.