UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT
INVESTMENT COMPANIES
Investment Company Act file number811-22883
ARK ETF Trust
(Exact name of registrant as specified in charter)
c/o ARK Investment Management LLC
3 East 28th Street, 7th Floor
New York, NY 10016
(Address of principal executive offices) (Zip code)
Corporation Service Company
2711 Centerville Road
Suite 400
Wilmington, DE 19808
(Name and address of agent for service)
Registrant’s telephone number, including area code:(212) 426-7040
Date of fiscal year end:July 31
Date of reporting period:January 31, 2020
Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
Item 1. Reports to Stockholders.
The Report to Shareholders is attached herewith.
SEMI-ANNUAL REPORT
| | Important Notice | | |
| | Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of each Fund’s shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports from the Fund or from your financial intermediary, such as a broker-dealer or bank. Instead, shareholder reports will be made available on http://ark-funds.com/investor-resources, and you will be notified by mail each time a report is posted and provided with a website link to access the report. If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from the Funds electronically anytime by contacting your financial intermediary or, if you are a direct investor, by calling (212) 426-7040. You may elect to receive all future shareholder reports in paper free of charge. If you invest through a financial intermediary, you can contact your financial intermediary to request that you continue to receive paper copies of your shareholder reports. If you invest directly with a Fund, you can call (212) 426-7040 to let the Fund know you wish to continue receiving paper copies of your shareholder reports. Your election to receive shareholder reports in paper will apply to all funds held in your account if you invest through your financial intermediary or all funds held with the fund complex if you invest directly with the Funds. | | |
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| Schedule of Investments | | | | | | | |
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ETF | | | Commencement Date | |
ARK Genomic Revolution ETF | | | 10/31/14 | |
ARK Autonomous Technology & Robotics ETF | | | 9/30/14 | |
ARK Innovation ETF | | | 10/31/14 | |
ARK Next Generation Internet ETF | | | 9/30/14 | |
ARK Fintech Innovation ETF | | | 2/4/19 | |
The 3D Printing ETF | | | 7/19/16 | |
The ARK Israel Innovative Technology ETF | | | 12/5/17 | |
Chief Investment Officer and Chief Executive Officer
ARK Investment Management LLC
| | | Beginning Account Value 8/1/2019 | | | Ending Account Value 1/31/2020 | | | Annualized Expense Ratios for the Period | | | Expenses Paid During the Period(a) | | ||||||||||||
ARK Genomic Revolution ETF | | | | | | | | | | | | | | | | | | | | | | | | | |
Actual | | | | $ | 1,000.00 | | | | | $ | 977.83 | | | | | | 0.75% | | | | | $ | 3.73 | | |
Hypothetical (5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,021.37 | | | | | | 0.75% | | | | | $ | 3.81 | | |
ARK Autonomous Technology & Robotics ETF | | | | | | | | | | | | | | | | | | | | | | | | | |
Actual | | | | $ | 1,000.00 | | | | | $ | 1,167.04 | | | | | | 0.75% | | | | | $ | 4.09 | | |
Hypothetical (5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,021.37 | | | | | | 0.75% | | | | | $ | 3.81 | | |
ARK Innovation ETF | | | | | | | | | | | | | | | | | | | | | | | | | |
Actual | | | | $ | 1,000.00 | | | | | $ | 1,074.16 | | | | | | 0.75% | | | | | $ | 3.91 | | |
Hypothetical (5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,021.37 | | | | | | 0.75% | | | | | $ | 3.81 | | |
ARK Next Generation Internet ETF | | | | | | | | | | | | | | | | | | | | | | | | | |
Actual | | | | $ | 1,000.00 | | | | | $ | 1,207.02 | | | | | | 0.75% | | | | | $ | 4.16 | | |
Hypothetical (5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,021.37 | | | | | | 0.75% | | | | | $ | 3.81 | | |
ARK Fintech Innovation ETF | | | | | | | | | | | | | | | | | | | | | | | | | |
Actual | | | | $ | 1,000.00 | | | | | $ | 1,120.45 | | | | | | 0.75% | | | | | $ | 4.00 | | |
Hypothetical (5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,021.37 | | | | | | 0.75% | | | | | $ | 3.81 | | |
The 3D Printing ETF | | | | | | | | | | | | | | | | | | | | | | | | | |
Actual | | | | $ | 1,000.00 | | | | | $ | 1,011.98 | | | | | | 0.66% | | | | | $ | 3.34 | | |
Hypothetical (5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,021.82 | | | | | | 0.66% | | | | | $ | 3.35 | | |
The ARK Israel Innovative Technology ETF | | | | | | | | | | | | | | | | | | | | | | | | | |
Actual | | | | $ | 1,000.00 | | | | | $ | 1,131.99 | | | | | | 0.49% | | | | | $ | 2.63 | | |
Hypothetical (5% return before expenses) | | | | $ | 1,000.00 | | | | | $ | 1,022.67 | | | | | | 0.49% | | | | | $ | 2.49 | | |
ARK Genomic Revolution ETF (ARKG)
| ■ | | | Health Care | | | | | 99.5% | | |
| ■ | | | Information Technology | | | | | 0.4 | | |
| ■ | | | Money Market Fund | | | | | 0.1 | | |
| | | | | | | | | 100.0 | | |
& Robotics ETF (ARKQ)
| ■ | | | Information Technology | | | | | 48.1% | | |
| ■ | | | Consumer Discretionary | | | | | 24.7 | | |
| ■ | | | Industrials | | | | | 16.5 | | |
| ■ | | | Communication Services | | | | | 8.7 | | |
| ■ | | | Health Care | | | | | 1.4 | | |
| ■ | | | Money Market Fund | | | | | 0.6 | | |
| | | | | | | | | 100.0 | | |
| ■ | | | Health Care | | | | | 34.7% | | |
| ■ | | | Information Technology | | | | | 31.5 | | |
| ■ | | | Communication Services | | | | | 15.1 | | |
| ■ | | | Consumer Discretionary | | | | | 11.4 | | |
| ■ | | | Financials | | | | | 4.0 | | |
| ■ | | | Industrials | | | | | 3.2 | | |
| ■ | | | Money Market Fund | | | | | 0.1 | | |
| | | | | | | | | 100.0 | | |
Internet ETF (ARKW)
| ■ | | | Information Technology | | | | | 41.0% | | |
| ■ | | | Communication Services | | | | | 27.4 | | |
| ■ | | | Consumer Discretionary | | | | | 20.4 | | |
| ■ | | | Financials | | | | | 6.0 | | |
| ■ | | | Health Care | | | | | 5.1 | | |
| ■ | | | Money Market Fund | | | | | 0.1 | | |
| | | | | | | | | 100.0 | | |
ARK Fintech Innovation ETF (ARKF)
| ■ | | | Information Technology | | | | | 42.9% | | |
| ■ | | | Communication Services | | | | | 19.3 | | |
| ■ | | | Financials | | | | | 18.2 | | |
| ■ | | | Consumer Discretionary | | | | | 17.2 | | |
| ■ | | | Industrials | | | | | 2.2 | | |
| ■ | | | Money Market Fund | | | | | 0.2 | | |
| | | | | | | | | 100.0 | | |
| ■ | | | Information Technology | | | | | 64.6% | | |
| ■ | | | Industrials | | | | | 24.4 | | |
| ■ | | | Health Care | | | | | 8.7 | | |
| ■ | | | Materials | | | | | 1.9 | | |
| ■ | | | Money Market Fund | | | | | 0.3 | | |
| ■ | | | Consumer Staples | | | | | 0.1 | | |
| | | | | | | | | 100.0 | | |
Technology ETF (IZRL)
| ■ | | | Information Technology | | | | | 49.6% | | |
| ■ | | | Health Care | | | | | 23.1 | | |
| ■ | | | Communication Services | | | | | 11.2 | | |
| ■ | | | Industrials | | | | | 10.6 | | |
| ■ | | | Consumer Discretionary | | | | | 5.3 | | |
| ■ | | | Money Market Fund | | | | | 0.2 | | |
| | | | | | | | | 100.0 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – 100.0% | | | | | | | | | | | | | |
Biotechnology – 67.9% | | | | | | | | | | | | | |
AquaBounty Technologies, Inc.* | | | | | 410,875 | | | | | $ | 838,185 | | |
Arcturus Therapeutics Holdings, Inc.*† | | | | | 1,389,097 | | | | | | 14,307,699 | | |
Bellicum Pharmaceuticals, Inc.* | | | | | 462 | | | | | | 564 | | |
CareDx, Inc.* | | | | | 618,286 | | | | | | 14,937,790 | | |
Castle Biosciences, Inc.* | | | | | 208,138 | | | | | | 6,418,976 | | |
Cellectis SA (France)*(a) | | | | | 1,187,521 | | | | | | 18,370,950 | | |
Cellular Biomedicine Group, Inc.* | | | | | 416,125 | | | | | | 7,094,931 | | |
CRISPR Therapeutics AG (Switzerland)* | | | | | 806,920 | | | | | | 41,919,494 | | |
Editas Medicine, Inc.* | | | | | 939,773 | | | | | | 24,838,200 | | |
Evogene Ltd. (Israel)* | | | | | 229,554 | | | | | | 362,695 | | |
Fate Therapeutics, Inc.* | | | | | 464,085 | | | | | | 11,769,196 | | |
Incyte Corp.* | | | | | 183,100 | | | | | | 13,379,117 | | |
Inovio Pharmaceuticals, Inc.* | | | | | 4,005,998 | | | | | | 18,147,171 | | |
Intellia Therapeutics, Inc.* | | | | | 2,133,007 | | | | | | 25,404,113 | | |
Intrexon Corp.* | | | | | 428,912 | | | | | | 1,994,441 | | |
Invitae Corp.* | | | | | 2,333,811 | | | | | | 43,525,575 | | |
Ionis Pharmaceuticals, Inc.* | | | | | 205,380 | | | | | | 11,977,762 | | |
Iovance Biotherapeutics, Inc.* | | | | | 788,957 | | | | | | 17,151,925 | | |
Organovo Holdings, Inc.* | | | | | 5,857,089 | | | | | | 1,853,183 | | |
Pluristem Therapeutics, Inc.* | | | | | 591,725 | | | | | | 2,195,300 | | |
Regeneron Pharmaceuticals, Inc.* | | | | | 89 | | | | | | 30,077 | | |
Rubius Therapeutics, Inc.* | | | | | 512,798 | | | | | | 3,999,824 | | |
Seres Therapeutics, Inc.* | | | | | 1,865,142 | | | | | | 6,080,363 | | |
Syros Pharmaceuticals, Inc.* | | | | | 1,656,522 | | | | | | 11,695,045 | | |
Twist Bioscience Corp.* | | | | | 440,097 | | | | | | 10,932,009 | | |
Veracyte, Inc.* | | | | | 659,212 | | | | | | 17,304,315 | | |
Total Biotechnology | | | | | | | | | | | 326,528,900 | | |
Health Care Equipment & Supplies – 2.1% | | ||||||||||||
Cerus Corp.* | | | | | 2,550,210 | | | | | | 10,226,342 | | |
Investments | | | Shares | | | Value | | ||||||
Health Care Providers & Services – 2.4% | | | | | | | | ||||||
Guardant Health, Inc.* | | | | | 153,369 | | | | | $ | 11,662,179 | | |
Health Care Technology – 4.1% | | | | | | | | | | | | | |
Teladoc Health, Inc.* | | | | | 194,837 | | | | | | 19,816,871 | | |
Life Sciences Tools & Services – 23.1% | | | | | | | | ||||||
Codexis, Inc.* | | | | | 654,077 | | | | | | 10,255,928 | | |
Compugen Ltd. (Israel)*† | | | | | 3,339,600 | | | | | | 24,045,120 | | |
Illumina, Inc.* | | | | | 163,005 | | | | | | 47,282,860 | | |
NanoString Technologies, Inc.* | | | | | 537,712 | | | | | | 14,609,635 | | |
Pacific Biosciences of California, Inc.* | | | | | 1,524,964 | | | | | | 7,121,582 | | |
Personalis, Inc.* | | | | | 712,066 | | | | | | 7,775,761 | | |
Total Life Sciences Tools & Services | | | | | 111,090,886 | | | ||||||
Technology Hardware, Storage & Peripherals – 0.4% | | ||||||||||||
Pure Storage, Inc., Class A* | | | | | 114,979 | | | | | | 2,046,626 | | |
Total Common Stocks (Cost $458,044,288) | | | | | | | | | | | 481,371,804 | | |
MONEY MARKET FUND – 0.1% | | | | | | | | | | | | | |
Morgan Stanley Institutional Liquidity Fund – Government Portfolio, 1.48%(b) (Cost $669,847) | | | | | 669,847 | | | | | | 669,847 | | |
Total Investments – 100.1% (Cost $458,714,135) | | | | | | | | | | | 482,041,651 | | |
Liabilities in Excess of Other Assets – (0.1)% | | | | | | | | | | | (656,584) | | |
Net Assets – 100.0% | | | | | | | | | | $ | 481,385,067 | | |
Value ($) at 7/31/2019 | | | Purchases Cost ($) | | | Sales Proceeds ($) | | | Net Realized Gain/(Loss) ($) | | | Net Change in Unrealized Appreciation (Depreciation) ($) | | | Dividend Income ($) | | | Capital Gain Distributions ($) | | | Number of Shares at 1/31/2020 | | | Value ($) at 1/31/2020 | | ||||||||||||||||||||||||
Common Stocks – 8.0% | | ||||||||||||||||||||||||||||||||||||||||||||||||
Biotechnology – 3.0% | | ||||||||||||||||||||||||||||||||||||||||||||||||
Arcturus Therapeutics Holdings, Inc.† | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||
13,607,577 | | | | | 5,626,639 | | | | | | (1,117,208) | | | | | | 383,780 | | | | | | (4,193,089) | | | | | | — | | | | | | — | | | | | | 1,389,097 | | | | | | 14,307,699 | | |
Life Sciences Tools & Services – 5.0% | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Compugen Ltd.† | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
9,974,321 | | | | | 2,556,777 | | | | | | (980,495) | | | | | | 335,403 | | | | | | 12,159,114 | | | | | | — | | | | | | — | | | | | | 3,339,600 | | | | | | 24,045,120 | | |
23,581,898 | | | | | 8,183,416 | | | | | | (2,097,703) | | | | | | 719,183 | | | | | | 7,966,025 | | | | | | — | | | | | | — | | | | | | 4,728,697 | | | | | | 38,352,819 | | |
ARK Genomic Revolution ETF | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Assets | | | | | | | | | | | | | | | | | | | | | | | | | |
Common Stocks* | | | | $ | 481,371,804 | | | | | $ | — | | | | | $ | — | | | | | $ | 481,371,804 | | |
Money Market Fund | | | | | 669,847 | | | | | | — | | | | | | — | | | | | | 669,847 | | |
Total | | | | $ | 482,041,651 | | | | | $ | — | | | | | $ | — | | | | | $ | 482,041,651 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – 99.9% | | | | ||||||||||
Aerospace & Defense – 7.0% | | | | ||||||||||
AeroVironment, Inc.* | | | | | 100,886 | | | | | $ | 6,720,016 | | |
Elbit Systems Ltd. (Israel) | | | | | 14,093 | | | | | | 2,147,069 | | |
Kratos Defense & Security Solutions, Inc.* | | | | | 189,399 | | | | | | 3,473,578 | | |
Total Aerospace & Defense | | | | | 12,340,663 | | | ||||||
Auto Components – 3.8% | | | | ||||||||||
Aptiv PLC | | | | | 80,132 | | | | | | 6,794,392 | | |
Automobiles – 14.5% | | | | ||||||||||
General Motors Co. | | | | | 40,993 | | | | | | 1,368,756 | | |
Tesla, Inc.* | | | | | 37,316 | | | | | | 24,276,670 | | |
Total Automobiles | | | | | 25,645,426 | | | ||||||
Biotechnology – 0.3% | | | | ||||||||||
Organovo Holdings, Inc.* | | | | | 1,657,904 | | | | | | 524,561 | | |
Diversified Telecommunication – 2.0% | | ||||||||||||
Iridium Communications, Inc.* | | | | | 137,498 | | | | | | 3,513,074 | | |
Electronic Equipment, Instruments & Components – 4.1% | | ||||||||||||
FLIR Systems, Inc. | | | | | 45,756 | | | | | | 2,358,264 | | |
Trimble, Inc.* | | | | | 115,105 | | | | | | 4,894,265 | | |
Total Electronic Equipment, Instruments & Components | | | | | | | | | | | 7,252,529 | | |
Health Care Equipment & Supplies – 1.1% | | ||||||||||||
Intuitive Surgical, Inc.* | | | | | 3,607 | | | | | | 2,019,126 | | |
Interactive Media & Services – 6.7% | | | | ||||||||||
Alphabet, Inc., Class C* | | | | | 2,039 | | | | | | 2,924,395 | | |
Baidu, Inc. (China)*(a) | | | | | 47,075 | | | | | | 5,816,587 | | |
Tencent Holdings Ltd. (China)(a) | | | | | 67,013 | | | | | | 3,210,593 | | |
Total Interactive Media & Services | | | | | 11,951,575 | | | ||||||
Internet & Direct Marketing Retail – 6.5% | | ||||||||||||
Amazon.com, Inc.* | | | | | 2,178 | | | | | | 4,374,992 | | |
JD.com, Inc. (China)*(a) | | | | | 145,994 | | | | | | 5,502,514 | | |
Rakuten, Inc. (Japan)(a) | | | | | 211,427 | | | | | | 1,647,016 | | |
Total Internet & Direct Marketing Retail | | | | | 11,524,522 | | | ||||||
Machinery – 9.7% | | | | ||||||||||
Deere & Co. | | | | | 10,763 | | | | | | 1,706,797 | | |
ExOne Co. (The)* | | | | | 441,201 | | | | | | 3,083,995 | | |
Komatsu Ltd. (Japan)(a) | | | | | 102,045 | | | | | | 2,257,235 | | |
Proto Labs, Inc.* | | | | | 97,884 | | | | | | 10,130,994 | | |
Total Machinery | | | | | 17,179,021 | | |
Investments | | | Shares | | | Value | | ||||||
Semiconductors & Semiconductor Equipment – 16.0% | | ||||||||||||
NVIDIA Corp. | | | | | 33,560 | | | | | $ | 7,934,591 | | |
NXP Semiconductors NV (Netherlands) | | | | | 33,972 | | | | | | 4,309,688 | | |
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan)(a) | | | | | 42,791 | | | | | | 2,308,146 | | |
Teradyne, Inc. | | | | | 74,446 | | | | | | 4,912,692 | | |
Xilinx, Inc. | | | | | 105,964 | | | | | | 8,951,839 | | |
Total Semiconductors & Semiconductor Equipment | | | | | 28,416,956 | | | ||||||
Software – 18.7% | | | | ||||||||||
2U, Inc.* | | | | | 310,290 | | | | | | 6,146,845 | | |
ANSYS, Inc.* | | | | | 9,387 | | | | | | 2,575,136 | | |
Autodesk, Inc.* | | | | | 29,108 | | | | | | 5,729,910 | | |
Cornerstone OnDemand, Inc.* | | | | | 30,206 | | | | | | 1,776,113 | | |
Materialise NV (Belgium)*(a) | | | | | 512,580 | | | | | | 9,318,704 | | |
Splunk, Inc.* | | | | | 37,713 | | | | | | 5,855,320 | | |
Synopsys, Inc.* | | | | | 12,142 | | | | | | 1,791,066 | | |
Total Software | | | | | 33,193,094 | | | ||||||
Technology Hardware, Storage & Peripherals – 9.5% | | ||||||||||||
Apple, Inc. | | | | | 12,291 | | | | | | 3,804,187 | | |
Nano Dimension Ltd. (Israel)*(a) | | | | | 71,828 | | | | | | 160,895 | | |
Stratasys Ltd.* | | | | | 712,128 | | | | | | 12,804,062 | | |
Total Technology Hardware, Storage & Peripherals | | | | | 16,769,144 | | | ||||||
Total Common Stocks (Cost $157,530,983) | | | | | 177,124,083 | | | ||||||
MONEY MARKET FUND – 0.6% | | | | ||||||||||
Morgan Stanley Institutional Liquidity Fund – Government Portfolio, 1.48%(b) (Cost $1,126,620) | | | | | 1,126,620 | | | | | | 1,126,620 | | |
Total Investments – 100.5% (Cost $158,657,603) | | | | | | | | | | | 178,250,703 | | |
Liabilities in Excess of Other Assets – (0.5)% | | | | | | | | | | | (822,484) | | |
Net Assets – 100.0% | | | | | | | | | | $ | 177,428,219 | | |
ARK Autonomous Technology & Robotics ETF | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Assets | | | | | | | | | | | | | | | | | | | | | | | | | |
Common Stocks* | | | | $ | 177,124,083 | | | | | $ | — | | | | | $ | — | | | | | $ | 177,124,083 | | |
Money Market Fund | | | | | 1,126,620 | | | | | | — | | | | | | — | | | | | | 1,126,620 | | |
Total | | | | $ | 178,250,703 | | | | | $ | — | | | | | $ | — | | | | | $ | 178,250,703 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – 99.8% | | ||||||||||||
Aerospace & Defense – 0.1% | | | | | | | | | | | | | |
AeroVironment, Inc.* | | | | | 19,531 | | | | | $ | 1,300,960 | | |
Automobiles – 10.2% | | ||||||||||||
Tesla, Inc.* | | | | | 312,541 | | | | | | 203,329,798 | | |
Biotechnology – 20.3% | | | | | | | | ||||||
CRISPR Therapeutics AG (Switzerland)* | | | | | 1,674,416 | | | | | | 86,985,911 | | |
Editas Medicine, Inc.* | | | | | 2,473,842 | | | | | | 65,383,644 | | |
Intellia Therapeutics, Inc.*† | | | | | 5,136,704 | | | | | | 61,178,145 | | |
Invitae Corp.*† | | | | | 6,042,795 | | | | | | 112,698,127 | | |
Organovo Holdings, Inc.*† | | | | | 12,373,500 | | | | | | 3,914,975 | | |
Seres Therapeutics, Inc.*† | | | | | 4,216,396 | | | | | | 13,745,451 | | |
Syros Pharmaceuticals, Inc.*† | | | | | 2,785,150 | | | | | | 19,663,159 | | |
Veracyte, Inc.* | | | | | 1,578,062 | | | | | | 41,424,128 | | |
Total Biotechnology | | | | | | | | | | | 404,993,540 | | |
Consumer Finance – 1.5% | | | | | | | | ||||||
LendingClub Corp.* | | | | | 2,518,647 | | | | | | 29,518,543 | | |
Diversified Telecommunication – 0.0%(a) | | | | | | | | ||||||
Iridium Communications, Inc.* | | | | | 13,555 | | | | | | 346,330 | | |
Entertainment – 5.3% | | | | | | | | ||||||
Netflix, Inc.* | | | | | 120,673 | | | | | | 41,643,046 | | |
Roku, Inc.* | | | | | 528,115 | | | | | | 63,875,509 | | |
Total Entertainment | | | | | | | | | | | 105,518,555 | | |
Health Care Equipment & Supplies – 1.3% | | | | | | | | ||||||
Cerus Corp.* | | | | | 6,382,199 | | | | | | 25,592,618 | | |
Health Care Technology – 1.2% | | | | | | | | ||||||
Teladoc Health, Inc.* | | | | | 224,256 | | | | | | 22,809,078 | | |
Interactive Media & Services – 9.8% | | | | | | | | ||||||
Eventbrite, Inc., Class A* | | | | | 978,904 | | | | | | 20,703,820 | | |
Pinterest, Inc., Class A* | | | | | 1,121,472 | | | | | | 24,706,028 | | |
Tencent Holdings Ltd. (China)(b) | | | | | 898,583 | | | | | | 43,051,111 | | |
Twitter, Inc.* | | | | | 1,468,068 | | | | | | 47,682,849 | | |
Zillow Group, Inc., Class C* | | | | | 1,292,098 | | | | | | 59,707,848 | | |
Total Interactive Media & Services | | | | | | | | | | | 195,851,656 | | |
Internet & Direct Marketing Retail – 1.2% | | | | | | | | ||||||
MercadoLibre, Inc. (Argentina)* | | | | | 36,380 | | | | | | 24,119,940 | | |
IT Services – 8.5% | | | | | | | | ||||||
PayPal Holdings, Inc.* | | | | | 88,405 | | | | | | 10,068,445 | | |
Square, Inc., Class A* | | | | | 2,142,079 | | | | | | 159,991,881 | | |
Total IT Services | | | | | | | | | | | 170,060,326 | | |
Investments | | | Shares | | | Value | | ||||||
Life Sciences Tools & Services – 11.8% | | | | | | | | ||||||
Compugen Ltd. (Israel)*† | | | | | 5,453,979 | | | | | $ | 39,268,649 | | |
Illumina, Inc.* | | | | | 469,789 | | | | | | 136,271,695 | | |
NanoString Technologies, Inc.*† | | | | | 2,181,151 | | | | | | 59,261,873 | | |
Total Life Sciences Tools & Services | | | | | | | | | | | 234,802,217 | | |
Machinery – 3.1% | | | | | | | | ||||||
ExOne Co. (The)*† | | | | | 1,295,080 | | | | | | 9,052,609 | | |
Proto Labs, Inc.* | | | | | 495,097 | | | | | | 51,242,539 | | |
Total Machinery | | | | | | | | | | | 60,295,148 | | |
Semiconductors & Semiconductor Equipment – 4.8% | | | | | | | | ||||||
NVIDIA Corp. | | | | | 87,257 | | | | | | 20,630,172 | | |
Teradyne, Inc. | | | | | 315,428 | | | | | | 20,815,094 | | |
Xilinx, Inc. | | | | | 642,058 | | | | | | 54,241,060 | | |
Total Semiconductors & Semiconductor Equipment | | | | | | | | | | | 95,686,326 | | |
Software – 12.7% | | | | | | | | ||||||
2U, Inc.*† | | | | | 3,453,424 | | | | | | 68,412,329 | | |
Autodesk, Inc.* | | | | | 113,027 | | | | | | 22,249,365 | | |
Materialise NV (Belgium)*(b) | | | | | 2,044,946 | | | | | | 37,177,118 | | |
salesforce.com, Inc.* | | | | | 244,420 | | | | | | 44,560,210 | | |
Splunk, Inc.* | | | | | 301,862 | | | | | | 46,867,094 | | |
Trade Desk, Inc. (The), Class A* | | | | | 126,060 | | | | | | 33,932,831 | | |
Total Software | | | | | | | | | | | 253,198,947 | | |
Technology Hardware, Storage & Peripherals – 5.5% | | | | | | | | ||||||
Pure Storage, Inc., Class A* | | | | | 546,616 | | | | | | 9,729,765 | | |
Stratasys Ltd.*† | | | | | 5,568,906 | | | | | | 100,128,930 | | |
Total Technology Hardware, Storage & Peripherals | | | | | | | | | | | 109,858,695 | | |
Thrifts & Mortgage Finance – 2.5% | | | | | | | | | | | | | |
LendingTree, Inc.* | | | | | 162,288 | | | | | | 50,504,026 | | |
Total Common Stocks | | | | | | | | | | | | | |
(Cost $1,723,483,292) | | | | | | | | | | | 1,987,786,703 | | |
MONEY MARKET FUND – 0.1% | | | | | | | | | | | | | |
Morgan Stanley Institutional Liquidity Fund – Government Portfolio, 1.48%(c) | | | | | | | | | | | | | |
(Cost $2,315,118) | | | | | 2,315,118 | | | | | | 2,315,118 | | |
Total Investments – 99.9% | | | | | | | | | | | | | |
(Cost $1,725,798,410) | | | | | | | | | | | 1,990,101,821 | | |
Other Assets in Excess of Liabilities – 0.1% | | | | | | | | | | | 2,416,365 | | |
Net Assets – 100.0% | | | | | | | | | | $ | 1,992,518,186 | | |
Value ($) at 7/31/2019 | | | Purchases Cost ($) | | | Sales Proceeds ($) | | | Net Realized Gain/(Loss) ($) | | | Net Change in Unrealized Appreciation (Depreciation) ($) | | | Dividend Income ($) | | | Capital Gain Distributions ($) | | | Number of Shares at 1/31/2020 | | | Value ($) at 1/31/2020 | | ||||||||||||||||||||||||
Common Stocks – 24.5% | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Biotechnology – 10.6% | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Intellia Therapeutics, Inc.† | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
86,891,910 | | | | | 9,038,233 | | | | | | (3,546,045) | | | | | | (364,112) | | | | | | (30,841,841) | | | | | | — | | | | | | — | | | | | | 5,136,704 | | | | | | 61,178,145 | | |
Invitae Corp.† | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
118,723,411 | | | | | 42,373,455 | | | | | | (18,004,272) | | | | | | 10,241,346 | | | | | | (40,635,813) | | | | | | — | | | | | | — | | | | | | 6,042,795 | | | | | | 112,698,127 | | |
Organovo Holdings, Inc.† | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
4,755,267 | | | | | 547,253 | | | | | | (179,929) | | | | | | 16,776 | | | | | | (1,224,392) | | | | | | — | | | | | | — | | | | | | 12,373,500 | | | | | | 3,914,975 | | |
Seres Therapeutics, Inc.† | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
10,703,415 | | | | | 1,688,094 | | | | | | (646,080) | | | | | | 227,152 | | | | | | 1,772,870 | | | | | | — | | | | | | — | | | | | | 4,216,396 | | | | | | 13,745,451 | | |
Syros Pharmaceuticals, Inc.† | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
16,900,088 | | | | | 4,810,877 | | | | | | (985,539) | | | | | | 313,684 | | | | | | (1,375,951) | | | | | | — | | | | | | — | | | | | | 2,785,150 | | | | | | 19,663,159 | | |
Life Sciences Tools & Services – 5.0% | | ||||||||||||||||||||||||||||||||||||||||||||||||
Compugen Ltd.† | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
16,670,130 | | | | | 3,280,473 | | | | | | (1,641,920) | | | | | | 445,686 | | | | | | 20,514,280 | | | | | | — | | | | | | — | | | | | | 5,453,979 | | | | | | 39,268,649 | | |
NanoString Technologies, Inc.† | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
82,761,229 | | | | | 7,521,064 | | | | | | (14,122,838) | | | | | | 440,530 | | | | | | (17,338,112) | | | | | | — | | | | | | — | | | | | | 2,181,151 | | | | | | 59,261,873 | | |
Machinery – 0.5% | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
ExOne (The) Co.† | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
9,585,719 | | | | | 1,105,465 | | | | | | (445,360) | | | | | | 42,987 | | | | | | (1,236,202) | | | | | | — | | | | | | — | | | | | | 1,295,080 | | | | | | 9,052,609 | | |
Software – 3.4% | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
2U, Inc.† | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
32,558,400 | | | | | 20,153,354 | | | | | | (5,013,290) | | | | | | (4,728,010) | | | | | | 25,441,875 | | | | | | — | | | | | | — | | | | | | 3,453,424 | | | | | | 68,412,329 | | |
Technology Hardware, Storage & Peripherals – 5.0% | | ||||||||||||||||||||||||||||||||||||||||||||||||
Stratasys Ltd.† | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
128,171,117 | | | | | 25,642,545 | | | | | | (4,912,145) | | | | | | 540,377 | | | | | | (49,312,964) | | | | | | — | | | | | | — | | | | | | 5,568,906 | | | | | | 100,128,930 | | |
507,720,686 | | | | | 116,160,813 | | | | | | (49,497,418) | | | | | | 7,176,416 | | | | | | (94,236,250) | | | | | | — | | | | | | — | | | | | | 48,507,085 | | | | | | 487,324,247 | | |
ARK Innovation ETF | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Assets | | | | | | | | | | | | | | | | | | | | | | | | | |
Common Stocks* | | | | $ | 1,987,786,703 | | | | | $ | — | | | | | $ | — | | | | | $ | 1,987,786,703 | | |
Money Market Fund | | | | | 2,315,118 | | | | | | — | | | | | | — | | | | | | 2,315,118 | | |
Total | | | | $ | 1,990,101,821 | | | | | $ | — | | | | | $ | — | | | | | $ | 1,990,101,821 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – 98.1% | | ||||||||||||
Automobiles – 10.8% | | ||||||||||||
Tesla, Inc.* | | | | | 75,554 | | | | | $ | 49,153,166 | | |
Biotechnology – 2.5% | | ||||||||||||
Veracyte, Inc.* | | | | | 431,189 | | | | | | 11,318,711 | | |
Consumer Finance – 2.2% | | ||||||||||||
LendingClub Corp.* | | | | | 843,276 | | | | | | 9,883,195 | | |
Entertainment – 10.9% | | ||||||||||||
HUYA, Inc. (China)*(a) | | | | | 229,618 | | | | | | 4,105,570 | | |
Netflix, Inc.* | | | | | 44,347 | | | | | | 15,303,706 | | |
Roku, Inc.* | | | | | 157,005 | | | | | | 18,989,755 | | |
Sea Ltd. (Taiwan)*(a) | | | | | 122,695 | | | | | | 5,550,722 | | |
Spotify Technology SA* | | | | | 41,534 | | | | | | 5,868,754 | | |
Total Entertainment | | | | | | | | | | | 49,818,507 | | |
Health Care Technology – 2.6% | | ||||||||||||
Teladoc Health, Inc.* | | | | | 116,692 | | | | | | 11,868,743 | | |
Interactive Media & Services – 16.6% | | ||||||||||||
Baidu, Inc. (China)*(a) | | | | | 33,737 | | | | | | 4,168,544 | | |
Eventbrite, Inc., Class A* | | | | | 357,098 | | | | | | 7,552,623 | | |
Pinterest, Inc., Class A* | | | | | 604,669 | | | | | | 13,320,858 | | |
Snap, Inc., Class A* | | | | | 346,537 | | | | | | 6,369,350 | | |
Tencent Holdings Ltd. (China)(a) | | | | | 330,953 | | | | | | 15,855,958 | | |
Twitter, Inc.* | | | | | 556,849 | | | | | | 18,086,455 | | |
Zillow Group, Inc., Class C* | | | | | 215,418 | | | | | | 9,954,466 | | |
Total Interactive Media & Services | | | | | 75,308,254 | | | ||||||
Internet & Direct Marketing Retail – 9.6% | | ||||||||||||
Alibaba Group Holding Ltd. (China)*(a) | | | | | 66,024 | | | | | | 13,639,898 | | |
Amazon.com, Inc.* | | | | | 4,495 | | | | | | 9,029,197 | | |
MercadoLibre, Inc. (Argentina)* | | | | | 18,881 | | | | | | 12,518,103 | | |
Pinduoduo, Inc. (China)*(a) | | | | | 236,110 | | | | | | 8,315,794 | | |
Total Internet & Direct Marketing Retail | | | | | 43,502,992 | | | ||||||
IT Services – 14.3% | | ||||||||||||
PayPal Holdings, Inc.* | | | | | 78,085 | | | | | | 8,893,101 | | |
Shopify, Inc., Class A (Canada)* | | | | | 11,044 | | | | | | 5,142,749 | | |
Square, Inc., Class A* | | | | | 509,196 | | | | | | 38,031,849 | | |
Twilio, Inc., Class A* | | | | | 105,029 | | | | | | 13,059,306 | | |
Total IT Services | | | | | | | | | | | 65,127,005 | | |
Investments | | | Shares | | | Value | | ||||||
Semiconductors & Semiconductor Equipment – 5.9% | | ||||||||||||
Advanced Micro Devices, Inc.* | | | | | 97,771 | | | | | $ | 4,595,237 | | |
NVIDIA Corp. | | | | | 35,239 | | | | | | 8,331,557 | | |
Xilinx, Inc. | | | | | 163,825 | | | | | | 13,839,936 | | |
Total Semiconductors & Semiconductor Equipment | | | | | | | | | | | 26,766,730 | | |
Software – 19.7% | | ||||||||||||
2U, Inc.* | | | | | 521,672 | | | | | | 10,334,322 | | |
Adobe, Inc.* | | | | | 19,296 | | | | | | 6,775,597 | | |
Alteryx, Inc., Class A* | | | | | 46,161 | | | | | | 6,438,075 | | |
Atlassian Corp. PLC, Class A* | | | | | 35,730 | | | | | | 5,252,310 | | |
Cloudera, Inc.* | | | | | 436,374 | | | | | | 4,490,288 | | |
HubSpot, Inc.* | | | | | 47,925 | | | | | | 8,671,549 | | |
salesforce.com, Inc.* | | | | | 56,873 | | | | | | 10,368,517 | | |
Splunk, Inc.* | | | | | 92,769 | | | | | | 14,403,315 | | |
Synopsys, Inc.* | | | | | 29,780 | | | | | | 4,392,848 | | |
Trade Desk, Inc. (The), Class A* | | | | | 30,103 | | | | | | 8,103,125 | | |
Workday, Inc., Class A* | | | | | 25,120 | | | | | | 4,637,906 | | |
Zscaler, Inc.* | | | | | 101,629 | | | | | | 5,700,371 | | |
Total Software | | | | | | | | | | | 89,568,223 | | |
Technology Hardware, Storage & Peripherals – 1.1% | | ||||||||||||
Pure Storage, Inc., Class A* | | | | | 288,245 | | | | | | 5,130,761 | | |
Thrifts & Mortgage Finance – 1.9% | | ||||||||||||
LendingTree, Inc.* | | | | | 27,380 | | | | | | 8,520,656 | | |
Total Common Stocks | | ||||||||||||
(Cost $381,114,774) | | | | | | | | | | | 445,966,943 | | |
UNIT TRUST – 1.9% | | ||||||||||||
Financials – 1.9% | | ||||||||||||
Grayscale Bitcoin Trust BTC* (Cost $7,248,997) | | | | | 777,737 | | | | | | 8,477,333 | | |
MONEY MARKET FUND – 0.1% | | ||||||||||||
Morgan Stanley Institutional Liquidity Fund – Government Portfolio, 1.48%(b) (Cost $657,220) | | | | | 657,220 | | | | | | 657,220 | | |
Total Investments – 100.1% | | ||||||||||||
(Cost $389,020,991) | | | | | | | | | | | 455,101,496 | | |
Liabilities in Excess of Other Assets – (0.1)% | | | | | | | | | | | (364,716) | | |
Net Assets – 100.0% | | | | | | | | | | $ | 454,736,780 | | |
ARK Next Generation Internet ETF | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Assets | | | | | | | | | | | | | | | | | | | | | | | | | |
Common Stocks* | | | | $ | 445,966,943 | | | | | $ | — | | | | | $ | — | | | | | $ | 445,966,943 | | |
Unit Trust* | | | | | 8,477,333 | | | | | | — | | | | | | — | | | | | | 8,477,333 | | |
Money Market Fund | | | | | 657,220 | | | | | | — | | | | | | — | | | | | | 657,220 | | |
Total | | | | $ | 455,101,496 | | | | | $ | — | | | | | $ | — | | | | | $ | 455,101,496 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – 99.7% | | ||||||||||||
Banks – 2.1% | | ||||||||||||
HDFC Bank Ltd. (India)(a) | | | | | 28,786 | | | | | $ | 1,648,862 | | |
Silvergate Capital Corp., Class A* | | | | | 20,155 | | | | | | 318,046 | | |
Total Banks | | | | | 1,966,908 | | | ||||||
Capital Markets – 7.1% | | ||||||||||||
Charles Schwab Corp. (The) | | | | | 18,805 | | | | | | 856,568 | | |
Interactive Brokers Group, Inc., Class A | | | | | 15,025 | | | | | | 706,175 | | |
Intercontinental Exchange, Inc. | | | | | 26,337 | | | | | | 2,626,852 | | |
SBI Holdings, Inc. (Japan) | | | | | 103,800 | | | | | | 2,469,627 | | |
Total Capital Markets | | | | | 6,659,222 | | | ||||||
Consumer Finance – 2.7% | | ||||||||||||
LendingClub Corp.* | | | | | 128,933 | | | | | | 1,511,095 | | |
Zip Co. Ltd. (Australia)* | | | | | 374,739 | | | | | | 1,013,432 | | |
Total Consumer Finance | | | | | 2,524,527 | | | ||||||
Entertainment – 0.6% | | ||||||||||||
Sea Ltd. (Taiwan)*(a) | | | | | 11,599 | | | | | | 524,739 | | |
Insurance – 2.8% | | ||||||||||||
Discovery Ltd. (South Africa) | | | | | 110,746 | | | | | | 863,182 | | |
ZhongAn Online P&C Insurance Co. Ltd., Class H (China)*(b) | | | | | 540,200 | | | | | | 1,766,678 | | |
Total Insurance | | | | | 2,629,860 | | | ||||||
Interactive Media & Services – 18.7% | | ||||||||||||
Baidu, Inc. (China)*(a) | | | | | 11,064 | | | | | | 1,367,068 | | |
Eventbrite, Inc., Class A* | | | | | 82,705 | | | | | | 1,749,211 | | |
Facebook, Inc., Class A* | | | | | 4,393 | | | | | | 886,991 | | |
Pinterest, Inc., Class A* | | | | | 108,214 | | | | | | 2,383,954 | | |
Snap, Inc., Class A* | | | | | 63,866 | | | | | | 1,173,857 | | |
Tencent Holdings Ltd. (China)(a) | | | | | 99,800 | | | | | | 4,781,418 | | |
Z Holdings Corp. (Japan) | | | | | 513,493 | | | | | | 2,075,676 | | |
Zillow Group, Inc., Class C* | | | | | 66,523 | | | | | | 3,074,028 | | |
Total Interactive Media & Services | | | | | 17,492,203 | | | ||||||
Internet & Direct Marketing Retail – 17.2% | | ||||||||||||
Alibaba Group Holding Ltd. (China)*(a) | | | | | 17,893 | | | | | | 3,696,515 | | |
Amazon.com, Inc.* | | | | | 1,552 | | | | | | 3,117,533 | | |
Meituan Dianping, Class B (China)* | | | | | 206,727 | | | | | | 2,643,112 | | |
MercadoLibre, Inc. (Argentina)* | | | | | 5,506 | | | | | | 3,650,478 | | |
Pinduoduo, Inc. (China)*(a) | | | | | 56,729 | | | | | | 1,997,995 | | |
Rakuten, Inc. (Japan) | | | | | 121,205 | | | | | | 957,515 | | |
Total Internet & Direct Marketing Retail | | | | | 16,063,148 | | | ||||||
IT Services – 23.1% | | ||||||||||||
Adyen NV (Netherlands)*(b) | | | | | 2,443 | | | | | | 2,251,526 | | |
PayPal Holdings, Inc.* | | | | | 32,655 | | | | | | 3,719,078 | | |
Shopify, Inc., Class A (Canada)* | | | | | 5,228 | | | | | | 2,434,470 | | |
Square, Inc., Class A* | | | | | 129,413 | | | | | | 9,665,857 | | |
Twilio, Inc., Class A* | | | | | 17,001 | | | | | | 2,113,904 | | |
Wirecard AG (Germany) | | | | | 9,798 | | | | | | 1,447,418 | | |
Total IT Services | | | | | 21,632,253 | | |
Investments | | | Shares | | | Value | | ||||||
Professional Services – 2.2% | | ||||||||||||
TransUnion | | | | | 11,433 | | | | | $ | 1,048,406 | | |
Verisk Analytics, Inc. | | | | | 5,963 | | | | | | 968,809 | | |
Total Professional Services | | | | | 2,017,215 | | | ||||||
Semiconductors & Semiconductor Equipment – 3.0% | | ||||||||||||
NVIDIA Corp. | | | | | 6,782 | | | | | | 1,603,468 | | |
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan)(a) | | | | | 23,219 | | | | | | 1,252,433 | | |
Total Semiconductors & Semiconductor Equipment | | | | | | | | | | | 2,855,901 | | |
Software – 11.5% | | ||||||||||||
DocuSign, Inc.* | | | | | 11,691 | | | | | | 917,860 | | |
Guidewire Software, Inc.* | | | | | 14,821 | | | | | | 1,667,363 | | |
Intuit, Inc. | | | | | 6,149 | | | | | | 1,724,057 | | |
salesforce.com, Inc.* | | | | | 14,659 | | | | | | 2,672,482 | | |
Splunk, Inc.* | | | | | 17,782 | | | | | | 2,760,833 | | |
Workday, Inc., Class A* | | | | | 5,619 | | | | | | 1,037,436 | | |
Total Software | | | | | 10,780,031 | | | ||||||
Technology Hardware, Storage & Peripherals – 5.2% | | ||||||||||||
Apple, Inc. | | | | | 15,620 | | | | | | 4,834,546 | | |
Thrifts & Mortgage Finance – 3.5% | | ||||||||||||
LendingTree, Inc.* | | | | | 10,444 | | | | | | 3,250,173 | | |
Total Common Stocks | | ||||||||||||
(Cost $80,075,466) | | | | | 93,230,726 | | | ||||||
MONEY MARKET FUND – 0.2% | | ||||||||||||
Morgan Stanley Institutional Liquidity Fund – Government Portfolio, 1.48% (c) | | | | | | | | | | | | | |
(Cost $190,295) | | | | | 190,295 | | | | | | 190,295 | | |
Total Investments – 99.9% (Cost $80,265,761) | | | | | | | | | | | 93,421,021 | | |
Other Assets in Excess of Liabilities – 0.1% | | | | | | | | | | | 113,219 | | |
Net Assets – 100.0% | | | | | | | | | | $ | 93,534,240 | | |
ARK Fintech Innovation ETF | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Assets | | | | | | | | | | | | | | | | | | | | | | | | | |
Common Stocks* | | | | $ | 93,230,726 | | | | | $ | — | | | | | $ | — | | | | | $ | 93,230,726 | | |
Money Market Fund | | | | | 190,295 | | | | | | — | | | | | | — | | | | | | 190,295 | | |
Total | | | | $ | 93,421,021 | | | | | $ | — | | | | | $ | — | | | | | $ | 93,421,021 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – 99.5% | | | | ||||||||||
Aerospace & Defense – 2.9% | | | | ||||||||||
Aerojet Rocketdyne Holdings, Inc.* | | | | | 5,693 | | | | | $ | 296,434 | | |
Arconic, Inc. | | | | | 9,850 | | | | | | 295,007 | | |
Hexcel Corp. | | | | | 512 | | | | | | 38,001 | | |
Moog, Inc., Class A | | | | | 3,224 | | | | | | 288,903 | | |
Total Aerospace & Defense | | | | | | | | | | | 918,345 | | |
Air Freight & Logistics – 0.8% | | | | ||||||||||
United Parcel Service, Inc., Class B | | | | | 2,586 | | | | | | 267,703 | | |
Chemicals – 0.8% | | | | ||||||||||
Arkema SA (France) | | | | | 408 | | | | | | 37,566 | | |
DuPont de Nemours, Inc. | | | | | 648 | | | | | | 33,164 | | |
Eastman Chemical Co. | | | | | 512 | | | | | | 36,490 | | |
Evonik Industries AG (Germany) | | | | | 1,430 | | | | | | 39,284 | | |
Koninklijke DSM NV (Netherlands) | | | | | 329 | | | | | | 40,246 | | |
PolyOne Corp. | | | | | 1,171 | | | | | | 38,854 | | |
Toray Industries, Inc. (Japan) | | | | | 5,808 | | | | | | 38,872 | | |
Total Chemicals | | | | | | | | | | | 264,476 | | |
Electrical Equipment – 1.3% | | | | ||||||||||
AMETEK, Inc. | | | | | 4,084 | | | | | | 396,761 | | |
SGL Carbon SE (Germany)* | | | | | 7,817 | | | | | | 34,955 | | |
Total Electrical Equipment | | | | | | | | | | | 431,716 | | |
Electronic Equipment, Instruments & Components – 12.3% | | | | ||||||||||
FARO Technologies, Inc.* | | | | | 7,462 | | | | | | 385,487 | | |
Hexagon AB, Class B (Sweden) | | | | | 7,347 | | | | | | 400,819 | | |
Renishaw PLC (United Kingdom) | | | | | 34,609 | | | | | | 1,817,077 | | |
Trimble, Inc.* | | | | | 32,133 | | | | | | 1,366,295 | | |
Total Electronic Equipment, Instruments & Components | | | | | | | | | | | 3,969,678 | | |
Health Care Equipment & Supplies – 8.7% | | ||||||||||||
Align Technology, Inc.* | | | | | 1,484 | | | | | | 381,536 | | |
Medtronic PLC | | | | | 2,544 | | | | | | 293,679 | | |
NuVasive, Inc.* | | | | | 3,907 | | | | | | 301,308 | | |
Straumann Holding AG (Switzerland) | | | | | 1,606 | | | | | | 1,533,970 | | |
Stryker Corp. | | | | | 1,415 | | | | | | 298,141 | | |
Total Health Care Equipment & Supplies | | | | | 2,808,634 | | | ||||||
Industrial Conglomerates – 2.1% | | ||||||||||||
3M Co. | | | | | 232 | | | | | | 36,809 | | |
General Electric Co. | | | | | 26,189 | | | | | | 326,053 | | |
Siemens AG (Germany)* | | | | | 2,399 | | | | | | 297,032 | | |
Total Industrial Conglomerates | | | | | | | | | | | 659,894 | | |
Machinery – 16.3% | | ||||||||||||
ExOne Co. (The)* | | | | | 235,799 | | | | | | 1,648,235 | | |
Lincoln Electric Holdings, Inc. | | | | | 3,141 | | | | | | 280,114 | | |
OC Oerlikon Corp. AG (Switzerland) | | | | | 26,791 | | | | | | 286,212 | | |
Proto Labs, Inc.* | | | | | 15,246 | | | | | | 1,577,961 | | |
Sandvik AB (Sweden) | | | | | 2,212 | | | | | | 40,474 | | |
SLM Solutions Group AG (Germany)* | | | | | 108,313 | | | | | | 1,441,499 | | |
Total Machinery | | | | | | | | | | | 5,274,495 | | |
Investments | | | Shares | | | Value | | ||||||
Metals & Mining – 1.1% | | ||||||||||||
Allegheny Technologies, Inc.* | | | | | 2,130 | | | | | $ | 36,742 | | |
Carpenter Technology Corp. | | | | | 844 | | | | | | 33,541 | | |
Kaiser Aluminum Corp. | | | | | 2,887 | | | | | | 289,133 | | |
Total Metals & Mining | | | | | 359,416 | | | ||||||
Professional Services – 0.9% | | ||||||||||||
Bertrandt AG (Germany) | | | | | 5,157 | | | | | | 298,552 | | |
Semiconductors & Semiconductor Equipment – 0.9% | | ||||||||||||
Ultra Clean Holdings, Inc.* | | | | | 12,354 | | | | | | 284,266 | | |
Software – 31.5% | | ||||||||||||
Altair Engineering, Inc., Class A* | | | | | 36,416 | | | | | | 1,345,571 | | |
ANSYS, Inc.* | | | | | 5,256 | | | | | | 1,441,879 | | |
Autodesk, Inc.* | | | | | 7,322 | | | | | | 1,441,336 | | |
Dassault Systemes (France) | | | | | 8,237 | | | | | | 1,431,497 | | |
Materialise NV (Belgium)*(a) | | | | | 87,543 | | | | | | 1,591,532 | | |
Microsoft Corp. | | | | | 8,527 | | | | | | 1,451,551 | | |
PTC, Inc.* | | | | | 17,786 | | | | | | 1,478,372 | | |
Total Software | | | | | 10,181,738 | | | ||||||
Technology Hardware, Storage & Peripherals – 19.9% | | ||||||||||||
3D Systems Corp.* | | | | | 145,604 | | | | | | 1,585,628 | | |
Eastman Kodak Co.* | | | | | 11,467 | | | | | | 39,102 | | |
HP, Inc. | | | | | 76,567 | | | | | | 1,632,408 | | |
MGI Digital Graphic Technology (France)* | | | | | 29,116 | | | | | | 1,746,954 | | |
Stratasys Ltd.* | | | | | 76,641 | | | | | | 1,378,005 | | |
Xerox Holdings Corp. | | | | | 1,162 | | | | | | 41,332 | | |
Total Technology Hardware, Storage & Peripherals | | | | | 6,423,429 | | | ||||||
Total Common Stocks (Cost $28,699,885) | | | | | 32,142,342 | | | ||||||
PREFERRED STOCK – 0.1% | | ||||||||||||
Household Products – 0.1% | | | | | | | | | | | | | |
Henkel AG & Co. KGaA (Germany) (Cost $48,681) | | | | | 386 | | | | | | 39,359 | | |
MONEY MARKET FUND – 0.3% | | ||||||||||||
Morgan Stanley Institutional Liquidity Fund – Government Portfolio, 1.48%(b) (Cost $106,203) | | | | | 106,203 | | | | | | 106,203 | | |
Total Investments – 99.9% (Cost $28,854,769) | | | | | | | | | | | 32,287,904 | | |
Other Assets in Excess of Liabilities – 0.1% | | | | | | | | | | | 32,655 | | |
Net Assets – 100.0% | | | | | | | | | | $ | 32,320,559 | | |
The 3D Printing ETF | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Assets | | | | | | | | | | | | | | | | | | | | | | | | | |
Common Stocks* | | | | $ | 32,142,342 | | | | | $ | — | | | | | $ | — | | | | | $ | 32,142,342 | | |
Preferred Stock* | | | | | 39,359 | | | | | | — | | | | | | — | | | | | | 39,359 | | |
Money Market Fund | | | | | 106,203 | | | | | | — | | | | | | — | | | | | | 106,203 | | |
Total | | | | $ | 32,287,904 | | | | | $ | — | | | | | $ | — | | | | | $ | 32,287,904 | | |
Investments | | | Shares | | | Value | | ||||||
COMMON STOCKS – 99.9% | | | | | | | | | | | | | |
Aerospace & Defense – 7.8% | | | | | | | | | | | | | |
Bet Shemesh Engines Holdings 1997 Ltd. (Israel) | | | | | 12,909 | | | | | $ | 527,089 | | |
Elbit Systems Ltd. (Israel) | | | | | 3,390 | | | | | | 520,662 | | |
RADA Electronic Industries Ltd. (Israel)* | | | | | 80,451 | | | | | | 470,638 | | |
Total Aerospace & Defense | | | | | 1,518,389 | | | ||||||
Biotechnology – 4.5% | | | | | | | | | | | | | |
Galmed Pharmaceuticals Ltd. (Israel)* | | | | | 81,008 | | | | | | 419,622 | | |
UroGen Pharma Ltd.* | | | | | 15,459 | | | | | | 454,649 | | |
Total Biotechnology | | | | | | | | | | | 874,271 | | |
Communications Equipment – 10.1% | | | | | | | | | | | | | |
AudioCodes Ltd. (Israel) | | | | | 19,001 | | | | | | 407,382 | | |
Ceragon Networks Ltd. (Israel)* | | | | | 238,637 | | | | | | 491,592 | | |
Ituran Location and Control Ltd. (Israel) | | | | | 20,698 | | | | | | 527,385 | | |
Radware Ltd. (Israel)* | | | | | 20,611 | | | | | | 525,168 | | |
Total Communications Equipment | | | | | | | | | | | 1,951,527 | | |
Diversified Telecommunication – 2.9% | | | | | | | | | | | | | |
Bezeq The Israeli Telecommunication Corp. Ltd. (Israel)* | | | | | 710,729 | | | | | | 551,563 | | |
Health Care Equipment & Supplies – 2.7% | | | | | | | | | | | | | |
Inmode Ltd.* | | | | | 11,960 | | | | | | 518,227 | | |
Hotels, Restaurants & Leisure – 2.6% | | | | | | | | | | | | | |
Fattal Holdings 1998 Ltd. (Israel) | | | | | 3,365 | | | | | | 504,633 | | |
Internet & Direct Marketing Retail – 2.7% | | | | | | | | | | | | | |
Fiverr International Ltd. (Israel)* | | | | | 20,160 | | | | | | 525,974 | | |
IT Services – 8.1% | | | | | | | | | | | | | |
Matrix IT Ltd. (Israel) | | | | | 24,310 | | | | | | 509,687 | | |
One Software Technologies Ltd. (Israel) | | | | | 6,785 | | | | | | 528,910 | | |
Wix.com Ltd. (Israel)* | | | | | 3,717 | | | | | | 530,379 | | |
Total IT Services | | | | | | | | | | | 1,568,976 | | |
Life Sciences Tools & Services – 3.3% | | | | | | | | | | | | | |
Compugen Ltd. (Israel)* | | | | | 87,574 | | | | | | 630,533 | | |
Media – 2.4% | | | | | | | | | | | | | |
Perion Network Ltd. (Israel)* | | | | | 60,603 | | | | | | 467,249 | | |
Pharmaceuticals – 12.6% | | | | | | | | | | | | | |
Foamix Pharmaceuticals Ltd. (Israel)* | | | | | 113,704 | | | | | | 437,760 | | |
Redhill Biopharma Ltd. (Israel)*(a) | | | | | 88,354 | | | | | | 467,393 | | |
Sol-Gel Technologies Ltd. (Israel)* | | | | | 37,750 | | | | | | 484,333 | | |
Taro Pharmaceutical Industries Ltd.* | | | | | 6,233 | | | | | | 502,816 | | |
Teva Pharmaceutical Industries Ltd. (Israel)*(a) | | | | | 51,683 | | | | | | 537,503 | | |
Total Pharmaceuticals | | | | | | | | | | | 2,429,805 | | |
Professional Services – 2.8% | | | | | | | | | | | | | |
Danel Adir Yeoshua Ltd. (Israel) | | | | | 5,768 | | | | | | 543,905 | | |
Semiconductors & Semiconductor Equipment – 12.9% | | | | | | | | | | | | | |
Camtek Ltd. (Israel) | | | | | 42,284 | | | | | | 479,078 | | |
Mellanox Technologies Ltd.* | | | | | 4,433 | | | | | | 535,950 | | |
Nova Measuring Instruments Ltd. (Israel)* | | | | | 13,370 | | | | | | 508,595 | | |
SolarEdge Technologies, Inc.* | | | | | 5,224 | | | | | | 511,220 | | |
Tower Semiconductor Ltd. (Israel)* | | | | | 20,912 | | | | | | 463,828 | | |
Total Semiconductors & Semiconductor Equipment | | | | | | | | | | | 2,498,671 | | |
Investments | | | Shares | | | Value | | ||||||
Software – 16.2% | | | | | | | | | | | | | |
Allot Ltd. (Israel)* | | | | | 55,593 | | | | | $ | 533,137 | | |
Check Point Software Technologies Ltd. (Israel)* | | | | | 4,633 | | | | | | 529,598 | | |
CyberArk Software Ltd.* | | | | | 3,800 | | | | | | 525,274 | | |
Hilan Ltd. (Israel) | | | | | 12,185 | | | | | | 496,821 | | |
Nice Ltd. (Israel)*(a) | | | | | 3,028 | | | | | | 521,724 | | |
Sapiens International Corp. NV (Israel) | | | | | 20,813 | | | | | | 529,275 | | |
Total Software | | | | | | | | | | | 3,135,829 | | |
Technology Hardware, Storage & Peripherals – 2.3% | | | | | | | | ||||||
Stratasys Ltd.* | | | | | 24,444 | | | | | | 439,503 | | |
Wireless Telecommunication Services – 6.0% | | | | | | | | | | | | | |
Cellcom Israel Ltd. (Israel)* | | | | | 167,828 | | | | | | 610,363 | | |
Partner Communications Co. Ltd. (Israel)* | | | | | 125,214 | | | | | | 558,797 | | |
Total Wireless Telecommunication Services | | | | | | | | | | | 1,169,160 | | |
Total Common Stocks (Cost $17,296,657) | | | | | | | | | | | 19,328,215 | | |
MONEY MARKET FUND – 0.2% | | | | | | | | | | | | | |
Morgan Stanley Institutional Liquidity Fund – Government Portfolio, 1.48%(b) (Cost $35,053) | | | | | 35,053 | | | | | | 35,053 | | |
Total Investments – 100.1% (Cost $17,331,710) | | | | | | | | | | | 19,363,268 | | |
Liabilities in Excess of Other Assets – (0.1)% | | | | | | | | | | | (13,030) | | |
Net Assets – 100.0% | | | | | | | | | | $ | 19,350,238 | | |
Country | | | Value | | | % of Net Assets | | ||||||
Israel | | | | $ | 15,840,576 | | | | | | 81.9% | | |
United States | | | | | 3,522,692 | | | | | | 18.2 | | |
Total Investments | | | | | 19,363,268 | | | | | | 100.1 | | |
Liabilities in Excess of Other Assets | | | | | (13,030) | | | | | | (0.1) | | |
Net Assets | | | | $ | 19,350,238 | | | | | | 100.0% | | |
The ARK Israel Innovative Technology ETF | | | Level 1 | | | Level 2 | | | Level 3 | | | Total | | ||||||||||||
Assets | | | | | | | | | | | | | | | | | | | | | | | | | |
Common Stocks* | | | | $ | 19,328,215 | | | | | $ | — | | | | | $ | — | | | | | $ | 19,328,215 | | |
Money Market Fund | | | | | 35,053 | | | | | | — | | | | | | — | | | | | | 35,053 | | |
Total | | | | $ | 19,363,268 | | | | | $ | — | | | | | $ | — | | | | | $ | 19,363,268 | | |
| | | ARK Genomic Revolution ETF | | | ARK Autonomous Technology & Robotics ETF | | | ARK Innovation ETF | | | ARK Next Generation Internet ETF | | ||||||||||||
ASSETS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in non-affiliated securities at value (Note 2) | | | | $ | 443,688,832 | | | | | $ | 178,250,703 | | | | | $ | 1,502,777,574 | | | | | $ | 455,101,496 | | |
Investments in affiliated securities at value (Note 2) | | | | | 38,352,819 | | | | | | — | | | | | | 487,324,247 | | | | | | — | | |
Receivables: | | | | | | | | | | | | | | | | | | | | | | | | | |
Dividends and interest | | | | | 2,555 | | | | | | 9,233 | | | | | | 8,984 | | | | | | 1,416 | | |
Capital shares sold | | | | | — | | | | | | — | | | | | | 7,762,931 | | | | | | — | | |
Investment securities sold | | | | | 3,243,613 | | | | | | 2,873,843 | | | | | | 34,390,896 | | | | | | 4,697,813 | | |
Reclaims | | | | | 844 | | | | | | 9,177 | | | | | | — | | | | | | — | | |
Total Assets | | | | | 485,288,663 | | | | | | 181,142,956 | | | | | | 2,032,264,632 | | | | | | 459,800,725 | | |
LIABILITIES: | | | | | | | | | | | | | | | | | | | | | | | | | |
Due to custodian for foreign currency | | | | | 2,499 | | | | | | — | | | | | | 1,111 | | | | | | — | | |
Payables: | | | | | | | | | | | | | | | | | | | | | | | | | |
Investment securities purchased | | | | | 3,586,495 | | | | | | 3,599,570 | | | | | | 38,490,663 | | | | | | 4,771,473 | | |
Management fees (Note 3) | | | | | 314,602 | | | | | | 115,167 | | | | | | 1,254,672 | | | | | | 292,472 | | |
Total Liabilities | | | | | 3,903,596 | | | | | | 3,714,737 | | | | | | 39,746,446 | | | | | | 5,063,945 | | |
NET ASSETS | | | | $ | 481,385,067 | | | | | $ | 177,428,219 | | | | | $ | 1,992,518,186 | | | | | $ | 454,736,780 | | |
NET ASSETS CONSIST OF: | | | | | | | | | | | | | | | | | | | | | | | | | |
Paid-in capital | | | | $ | 456,068,704 | | | | | $ | 156,391,984 | | | | | $ | 1,710,791,851 | | | | | $ | 395,096,899 | | |
Total distributable earnings | | | | | 25,316,363 | | | | | | 21,036,235 | | | | | | 281,726,335 | | | | | | 59,639,881 | | |
NET ASSETS | | | | $ | 481,385,067 | | | | | $ | 177,428,219 | | | | | $ | 1,992,518,186 | | | | | $ | 454,736,780 | | |
Shares outstanding | | | | | 14,705,000 | | | | | | 4,600,000 | | | | | | 38,500,000 | | | | | | 7,200,000 | | |
Net asset value, per share | | | | $ | 32.74 | | | | | $ | 38.57 | | | | | $ | 51.75 | | | | | $ | 63.16 | | |
Investments in non-affiliated securities at cost | | | | $ | 433,440,560 | | | | | $ | 158,657,603 | | | | | $ | 1,227,502,154 | | | | | $ | 389,020,991 | | |
Investments in affiliated securities at cost | | | | $ | 25,273,575 | | | | | $ | — | | | | | $ | 498,296,256 | | | | | $ | — | | |
| | | ARK Fintech Innovation ETF | | | The 3D Printing ETF | | | The ARK Israel Innovative Technology ETF | | |||||||||
ASSETS: | | | | | | | | | | | | | | | | | | | |
Investments in non-affiliated securities at value (Note 2) | | | | $ | 93,421,021 | | | | | $ | 32,287,904 | | | | | $ | 19,363,268 | | |
Cash | | | | | — | | | | | | 474 | | | | | | 13 | | |
Foreign currency | | | | | 187,218 | | | | | | 38,248 | | | | | | — | | |
Receivables: | | | | | | | | | | | | | | | | | | | |
Dividends and interest | | | | | 8,282 | | | | | | 2,389 | | | | | | 744 | | |
Capital shares sold | | | | | 1,278,660 | | | | | | — | | | | | | — | | |
Investment securities sold | | | | | 342,100 | | | | | | — | | | | | | — | | |
Reclaims | | | | | 2,972 | | | | | | 10,077 | | | | | | — | | |
Total Assets | | | | | 95,240,253 | | | | | | 32,339,092 | | | | | | 19,364,025 | | |
LIABILITIES: | | | | | | | | | | | | | | | | | | | |
Due to custodian for foreign currency | | | | | — | | | | | | — | | | | | | 6,175 | | |
Payables: | | | | | | | | | | | | | | | | | | | |
Investment securities purchased | | | | | 1,649,151 | | | | | | — | | | | | | — | | |
Management fees (Note 3) | | | | | 56,862 | | | | | | 18,241 | | | | | | 7,449 | | |
Other accrued expenses | | | | | — | | | | | | 292 | | | | | | 163 | | |
Total Liabilities | | | | | 1,706,013 | | | | | | 18,533 | | | | | | 13,787 | | |
NET ASSETS | | | | $ | 93,534,240 | | | | | $ | 32,320,559 | | | | | $ | 19,350,238 | | |
NET ASSETS CONSIST OF: | | | | | | | | | | | | | | | | | | | |
Paid-in capital | | | | $ | 78,409,142 | | | | | $ | 38,034,190 | | | | | $ | 18,856,259 | | |
Total distributable earnings/accumulated (loss) | | | | | 15,125,098 | | | | | | (5,713,631) | | | | | | 493,979 | | |
NET ASSETS | | | | $ | 93,534,240 | | | | | $ | 32,320,559 | | | | | $ | 19,350,238 | | |
Shares outstanding | | | | | 3,700,001 | | | | | | 1,450,001 | | | | | | 850,001 | | |
Net asset value, per share | | | | $ | 25.28 | | | | | $ | 22.29 | | | | | $ | 22.76 | | |
Investments in non-affiliated securities at cost | | | | $ | 80,265,761 | | | | | $ | 28,854,769 | | | | | $ | 17,331,710 | | |
Foreign currency at cost | | | | $ | 192,513 | | | | | $ | 38,447 | | | | | $ | — | | |
| | | ARK Genomic Revolution ETF | | | ARK Autonomous Technology & Robotics ETF | | | ARK Innovation ETF | | | ARK Next Generation Internet ETF | | ||||||||||||
INVESTMENT INCOME: | | | | | | | | | | | | | | | | | | | | | | | | | |
Unaffiliated dividend income | | | | $ | 122,593 | | | | | $ | 300,472 | | | | | $ | 514,014 | | | | | $ | 150,343 | | |
Foreign withholding tax | | | | | — | | | | | | (17,731) | | | | | | — | | | | | | — | | |
Total Income | | | | | 122,593 | | | | | | 282,741 | | | | | | 514,014 | | | | | | 150,343 | | |
EXPENSES: | | | | | | | | | | | | | | | | | | | | | | | | | |
Management fees (Note 3) | | | | | 1,666,817 | | | | | | 603,583 | | | | | | 6,483,027 | | | | | | 1,606,858 | | |
Overdraft expense | | | | | 43 | | | | | | 96 | | | | | | 171 | | | | | | 43 | | |
Total Expenses | | | | | 1,666,860 | | | | | | 603,679 | | | | | | 6,483,198 | | | | | | 1,606,901 | | |
Net Investment Loss(1) | | | | | (1,544,267) | | | | | | (320,938) | | | | | | (5,969,184) | | | | | | (1,456,558) | | |
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS AND FOREIGN CURRENCY TRANSLATION: | | | | | | | | | | | | | | | | | | | | | | | | | |
Net realized gain (loss) on: | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in non-affiliated securities | | | | | 5,959,182 | | | | | | 3,698,030 | | | | | | 40,349,853 | | | | | | (5,971,499) | | |
Investments in affiliated securities | | | | | (40,801) | | | | | | — | | | | | | 76,198 | | | | | | — | | |
In-kind redemptions – non-affiliated securities | | | | | 7,280,210 | | | | | | 7,772,220 | | | | | | 14,626,768 | | | | | | 46,552,389 | | |
In-kind redemptions – affiliated securities | | | | | 759,984 | | | | | | — | | | | | | 7,100,218 | | | | | | — | | |
Net realized gain | | | | | 13,958,575 | | | | | | 11,470,250 | | | | | | 62,153,037 | | | | | | 40,580,890 | | |
Change in unrealized appreciation (depreciation) on: | | | | | | | | | | | | | | | | | | | | | | | | | |
Investments in non-affiliated securities | | | | | (32,886,754) | | | | | | 13,565,994 | | | | | | 167,438,059 | | | | | | 46,477,418 | | |
Investments in affiliated securities | | | | | 7,966,025 | | | | | | — | | | | | | (94,236,250) | | | | | | — | | |
Foreign currency translation | | | | | (2,499) | | | | | | — | | | | | | (1,111) | | | | | | — | | |
Change in unrealized appreciation (depreciation) | | | | | (24,923,228) | | | | | | 13,565,994 | | | | | | 73,200,698 | | | | | | 46,477,418 | | |
Net realized and unrealized gain (loss) on investments and foreign currency translation | | | | | (10,964,653) | | | | | | 25,036,244 | | | | | | 135,353,735 | | | | | | 87,058,308 | | |
Net Increase (Decrease) in Net Assets Resulting From Operations | | | | $ | (12,508,920) | | | | | $ | 24,715,306 | | | | | $ | 129,384,551 | | | | | $ | 85,601,750 | | |
| | | ARK Fintech Innovation ETF | | | The 3D Printing ETF | | | The ARK Israel Innovative Technology ETF | | |||||||||
INVESTMENT INCOME: | | | | | | | | | | | | | | | | | | | |
Unaffiliated dividend income | | | | $ | 136,292 | | | | | $ | 99,575 | | | | | $ | 67,356 | | |
Foreign withholding tax | | | | | (9,311) | | | | | | (130) | | | | | | (15,826) | | |
Total Income | | | | | 126,981 | | | | | | 99,445 | | | | | | 51,530 | | |
EXPENSES: | | | | | | | | | | | | | | | | | | | |
Management fees (Note 3) | | | | | 291,065 | | | | | | 115,319 | | | | | | 45,499 | | |
Overdraft expense | | | | | 199 | | | | | | 128 | | | | | | 32 | | |
Other expenses | | | | | — | | | | | | 1,775 | | | | | | 946 | | |
Total Expenses | | | | | 291,264 | | | | | | 117,222 | | | | | | 46,477 | | |
Net Investment Income (Loss)(1) | | | | | (164,283) | | | | | | (17,777) | | | | | | 5,053 | | |
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS AND FOREIGN CURRENCY TRANSLATION: | | | | | | | | | | | | | | | | | | | |
Net realized gain (loss) on: | | | | | | | | | | | | | | | | | | | |
Investments in non-affiliated securities | | | | | 2,087,925 | | | | | | (2,052,759) | | | | | | (719,367) | | |
Foreign currency transactions | | | | | (7,423) | | | | | | (1,780) | | | | | | (6,170) | | |
In-kind redemptions – non-affiliated securities | | | | | 149,686 | | | | | | 1,560,347 | | | | | | 396,363 | | |
Net realized gain (loss) | | | | | 2,230,188 | | | | | | (494,192) | | | | | | (329,174) | | |
Change in unrealized appreciation (depreciation) on: | | | | | | | | | | | | | | | | | | | |
Investments in non-affiliated securities | | | | | 7,347,748 | | | | | | 723,512 | | | | | | 2,525,048 | | |
Foreign currency translation | | | | | (5,206) | | | | | | (1,004) | | | | | | (198) | | |
Change in unrealized appreciation | | | | | 7,342,542 | | | | | | 722,508 | | | | | | 2,524,850 | | |
Net realized and unrealized gain on investments and foreign currency translation | | | | | 9,572,730 | | | | | | 228,316 | | | | | | 2,195,676 | | |
Net Increase in Net Assets Resulting From Operations | | | | $ | 9,408,447 | | | | | $ | 210,539 | | | | | $ | 2,200,729 | | |
| | | ARK Genomic Revolution ETF | | | ARK Autonomous Technology & Robotics ETF | | ||||||||||||||||||
| | | Six Months Ended January 31, 2020 (Unaudited) | | | Year Ended July 31, 2019 | | | Six Months Ended January 31, 2020 (Unaudited) | | | Year Ended July 31, 2019 | | ||||||||||||
OPERATIONS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment loss(1) | | | | $ | (1,544,267) | | | | | $ | (2,179,466) | | | | | $ | (320,938) | | | | | $ | (674,548) | | |
Net realized gain on investments and foreign currency transactions | | | | | 13,958,575 | | | | | | 25,900,191 | | | | | | 11,470,250 | | | | | | 3,471,938 | | |
Net change in unrealized appreciation (depreciation) on investments and foreign currency translations | | | | | (24,923,228) | | | | | | 28,708,292 | | | | | | 13,565,994 | | | | | | (9,895,930) | | |
Net increase (decrease) in net assets resulting from operations | | | | | (12,508,920) | | | | | | 52,429,017 | | | | | | 24,715,306 | | | | | | (7,098,540) | | |
DISTRIBUTIONS TO SHAREHOLDERS | | | | | (15,340,242) | | | | | | (4,922,218) | | | | | | — | | | | | | (4,348,608) | | |
SHAREHOLDER TRANSACTIONS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Proceeds from shares sold | | | | | 68,672,023 | | | | | | 235,645,363 | | | | | | 15,107,112 | | | | | | 50,205,611 | | |
Cost of shares redeemed | | | | | (25,403,426) | | | | | | (49,301,508) | | | | | | (29,291,592) | | | | | | (27,308,583) | | |
Net increase (decrease) in net assets resulting from shareholder transactions | | | | | 43,268,597 | | | | | | 186,343,855 | | | | | | (14,184,480) | | | | | | 22,897,028 | | |
Increase in net assets | | | | | 15,419,435 | | | | | | 233,850,654 | | | | | | 10,530,826 | | | | | | 11,449,880 | | |
NET ASSETS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Beginning of period | | | | | 465,965,632 | | | | | | 232,114,978 | | | | | | 166,897,393 | | | | | | 155,447,513 | | |
End of period | | | | $ | 481,385,067 | | | | | $ | 465,965,632 | | | | | $ | 177,428,219 | | | | | $ | 166,897,393 | | |
CHANGES IN SHARES OUTSTANDING: | | | | | | | | | | | | | | | | | | | | | | | | | |
Shares outstanding, beginning of period | | | | | 13,505,000 | | | | | | 7,905,000 | | | | | | 5,050,000 | | | | | | 4,450,000 | | |
Shares sold | | | | | 2,000,000 | | | | | | 7,400,000 | | | | | | 400,000 | | | | | | 1,450,000 | | |
Shares redeemed | | | | | (800,000) | | | | | | (1,800,000) | | | | | | (850,000) | | | | | | (850,000) | | |
Shares outstanding, end of period | | | | | 14,705,000 | | | | | | 13,505,000 | | | | | | 4,600,000 | | | | | | 5,050,000 | | |
| | | ARK Innovation ETF | | | ARK Next Generation Internet ETF | | ||||||||||||||||||
| | | Six Months Ended January 31, 2020 (Unaudited) | | | Year Ended July 31, 2019 | | | Six Months Ended January 31, 2020 (Unaudited) | | | Year Ended July 31, 2019 | | ||||||||||||
OPERATIONS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment loss(1) | | | | $ | (5,969,184) | | | | | $ | (9,544,034) | | | | | $ | (1,456,558) | | | | | $ | (3,273,290) | | |
Net realized gain on investments and foreign currency transactions | | | | | 62,153,037 | | | | | | 50,604,740 | | | | | | 40,580,890 | | | | | | 14,501,310 | | |
Net change in unrealized appreciation (depreciation) on investments and foreign currency translations | | | | | 73,200,698 | | | | | | 110,287,456 | | | | | | 46,477,418 | | | | | | 4,395,482 | | |
Net increase in net assets resulting from operations | | | | | 129,384,551 | | | | | | 151,348,162 | | | | | | 85,601,750 | | | | | | 15,623,502 | | |
DISTRIBUTIONS TO SHAREHOLDERS | | | | | (7,062,841) | | | | | | (34,468,980) | | | | | | — | | | | | | (50,115,280) | | |
SHAREHOLDER TRANSACTIONS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Proceeds from shares sold | | | | | 215,145,499 | | | | | | 647,982,297 | | | | | | 119,054,867 | | | | | | 81,866,367 | | |
Cost of shares redeemed | | | | | (76,202,459) | | | | | | (204,196,228) | | | | | | (181,579,850) | | | | | | (287,990,649) | | |
Net increase (decrease) in net assets resulting from shareholder transactions | | | | | 138,943,040 | | | | | | 443,786,069 | | | | | | (62,524,983) | | | | | | (206,124,282) | | |
Increase (decrease) in net assets | | | | | 261,264,750 | | | | | | 560,665,251 | | | | | | 23,076,767 | | | | | | (240,616,060) | | |
NET ASSETS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Beginning of period | | | | | 1,731,253,436 | | | | | | 1,170,588,185 | | | | | | 431,660,013 | | | | | | 672,276,073 | | |
End of period | | | | $ | 1,992,518,186 | | | | | $ | 1,731,253,436 | | | | | $ | 454,736,780 | | | | | $ | 431,660,013 | | |
CHANGES IN SHARES OUTSTANDING: | | | | | | | | | | | | | | | | | | | | | | | | | |
Shares outstanding, beginning of period | | | | | 35,800,000 | | | | | | 26,300,000 | | | | | | 8,250,000 | | | | | | 12,200,000 | | |
Shares sold | | | | | 4,400,000 | | | | | | 14,400,000 | | | | | | 2,200,000 | | | | | | 1,600,000 | | |
Shares redeemed | | | | | (1,700,000) | | | | | | (4,900,000) | | | | | | (3,250,000) | | | | | | (5,550,000) | | |
Shares outstanding, end of period | | | | | 38,500,000 | | | | | | 35,800,000 | | | | | | 7,200,000 | | | | | | 8,250,000 | | |
| | | ARK Fintech Innovation ETF | | | The 3D Printing ETF | | ||||||||||||||||||
| | | Six Months Ended January 31, 2020 (Unaudited) | | | February 4, 2019(1) to July 31, 2019 | | | Six Months Ended January 31, 2020 (Unaudited) | | | Year Ended July 31, 2019 | | ||||||||||||
OPERATIONS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment loss(2) | | | | $ | (164,283) | | | | | $ | (71,427) | | | | | $ | (17,777) | | | | | $ | (17,961) | | |
Net realized gain (loss) on investments and foreign currency transactions | | | | | 2,230,188 | | | | | | 1,127,922 | | | | | | (494,192) | | | | | | (5,764,630) | | |
Net change in unrealized appreciation (depreciation) on investments and foreign currency translations | | | | | 7,342,542 | | | | | | 5,807,494 | | | | | | 722,508 | | | | | | 1,741,293 | | |
Net increase (decrease) in net assets resulting from operations | | | | | 9,408,447 | | | | | | 6,863,989 | | | | | | 210,539 | | | | | | (4,041,298) | | |
DISTRIBUTIONS TO SHAREHOLDERS | | | | | (1,037,795) | | | | | | — | | | | | | (23,952) | | | | | | (292,707) | | |
SHAREHOLDER TRANSACTIONS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Proceeds from shares sold | | | | | 12,009,326 | | | | | | 68,421,723 | | | | | | — | | | | | | 2,216,019 | | |
Cost of shares redeemed | | | | | (1,078,508) | | | | | | (1,052,942) | | | | | | (7,537,594) | | | | | | (5,430,215) | | |
Net increase (decrease) in net assets resulting from shareholder transactions | | | | | 10,930,818 | | | | | | 67,368,781 | | | | | | (7,537,594) | | | | | | (3,214,196) | | |
Increase (decrease) in net assets | | | | | 19,301,470 | | | | | | 74,232,770 | | | | | | (7,351,007) | | | | | | (7,548,201) | | |
NET ASSETS: | | | | | | | | | | | | | | | | | | | | | | | | | |
Beginning of period | | | | | 74,232,770 | | | | | | — | | | | | | 39,671,566 | | | | | | 47,219,767 | | |
End of period | | | | $ | 93,534,240 | | | | | $ | 74,232,770 | | | | | $ | 32,320,559 | | | | | $ | 39,671,566 | | |
CHANGES IN SHARES OUTSTANDING: | | | | | | | | | | | | | | | | | | | | | | | | | |
Shares outstanding, beginning of period | | | | | 3,250,001 | | | | | | — | | | | | | 1,800,001 | | | | | | 1,950,001 | | |
Shares sold | | | | | 500,000 | | | | | | 3,300,001 | | | | | | — | | | | | | 100,000 | | |
Shares redeemed | | | | | (50,000) | | | | | | (50,000) | | | | | | (350,000) | | | | | | (250,000) | | |
Shares outstanding, end of period | | | | | 3,700,001 | | | | | | 3,250,001 | | | | | | 1,450,001 | | | | | | 1,800,001 | | |
| | | The ARK Israel Innovative Technology ETF | | |||||||||
| | | Six Months Ended January 31, 2020 (Unaudited) | | | Year Ended July 31, 2019 | | ||||||
OPERATIONS: | | | | | | | | | | | | | |
Net investment income(1) | | | | $ | 5,053 | | | | | $ | 77,200 | | |
Net realized gain (loss) on investments and foreign currency transactions | | | | | (329,174) | | | | | | 991,174 | | |
Net change in unrealized appreciation (depreciation) on investments and foreign currency translations | | | | | 2,524,850 | | | | | | (758,258) | | |
Net increase in net assets resulting from operations | | | | | 2,200,729 | | | | | | 310,116 | | |
DISTRIBUTIONS TO SHAREHOLDERS | | | | | (392,106) | | | | | | (586,392) | | |
SHAREHOLDER TRANSACTIONS: | | | | | | | | | | | | | |
Proceeds from shares sold | | | | | 573,260 | | | | | | 2,686,575 | | |
Cost of shares redeemed | | | | | (2,543,189) | | | | | | (4,794,955) | | |
Net decrease in net assets resulting from shareholder transactions | | | | | (1,969,929) | | | | | | (2,108,380) | | |
Decrease in net assets | | | | | (161,306) | | | | | | (2,384,656) | | |
NET ASSETS: | | | | | | | | | | | | | |
Beginning of period | | | | | 19,511,544 | | | | | | 21,896,200 | | |
End of period | | | | $ | 19,350,238 | | | | | $ | 19,511,544 | | |
CHANGES IN SHARES OUTSTANDING: | | | | | | | | | | | | | |
Shares outstanding, beginning of period | | | | | 950,001 | | | | | | 1,050,001 | | |
Shares sold | | | | | 25,000 | | | | | | 125,000 | | |
Shares redeemed | | | | | (125,000) | | | | | | (225,000) | | |
Shares outstanding, end of period | | | | | 850,001 | | | | | | 950,001 | | |
| | | Six Months Ended January 31, 2020 (Unaudited) | | | Year Ended July 31, 2019 | | | Year Ended July 31, 2018 | | | For the Period Ended July 31, 2017(1) | | | Year Ended August 31, 2016 | | | For the Period October 31, 2014(2) through August 31, 2015 | | ||||||||||||||||||
Per Share Data: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net asset value, beginning of period | | | | $ | 34.50 | | | | | $ | 29.36 | | | | | $ | 22.24 | | | | | $ | 18.03 | | | | | $ | 20.85 | | | | | $ | 20.00 | | |
Net investment loss(3) | | | | | (0.11) | | | | | | (0.19) | | | | | | (0.18) | | | | | | (0.12) | | | | | | (0.12) | | | | | | (0.09) | | |
Net realized and unrealized gain (loss) on investments | | | | | (0.60) | | | | | | 5.80 | | | | | | 7.63 | | | | | | 4.33 | | | | | | (2.70) | | | | | | 0.94 | | |
Total gain (loss) from investment operations | | | | | (0.71) | | | | | | 5.61 | | | | | | 7.45 | | | | | | 4.21 | | | | | | (2.82) | | | | | | 0.85 | | |
Distributions to shareholders: | | | | | | | | ��� | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net realized gains | | | | | (1.05) | | | | | | (0.47) | | | | | | (0.33) | | | | | | — | | | | | | — | | | | | | — | | |
Total distributions | | | | | (1.05) | | | | | | (0.47) | | | | | | (0.33) | | | | | | — | | | | | | — | | | | | | — | | |
Net asset value, end of period | | | | $ | 32.74 | | | | | $ | 34.50 | | | | | $ | 29.36 | | | | | $ | 22.24 | | | | | $ | 18.03 | | | | | $ | 20.85 | | |
Market value, end of period | | | | $ | 32.71 | | | | | $ | 34.58 | | | | | $ | 29.40 | | | | | $ | 22.29 | | | | | $ | 18.01 | | | | | $ | 21.13 | | |
Total Return at Net Asset Value(4) | | | | | (2.22)% | | | | | | 19.87% | | | | | | 33.80% | | | | | | 23.34% | | | | | | (13.52)% | | | | | | 4.25% | | |
Total Return at Market Value(4) | | | | | (2.51)% | | | | | | 20.00% | | | | | | 33.66% | | | | | | 23.77% | | | | | | (14.77)% | | | | | | 5.65% | | |
Ratios/Supplemental Data: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets, end of period (000’s omitted) | | | | $ | 481,385 | | | | | $ | 465,966 | | | | | $ | 232,115 | | | | | $ | 23,460 | | | | | $ | 7,302 | | | | | $ | 8,444 | | |
Ratio to average net assets of: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Expenses | | | | | 0.75%(5) | | | | | | 0.75% | | | | | | 0.75% | | | | | | 0.75%(5) | | | | | | 0.90% | | | | | | 0.95%(5) | | |
Net investment loss(6) | | | | | (0.69)%(5) | | | | | | (0.63)% | | | | | | (0.64)% | | | | | | (0.67)%(5) | | | | | | (0.67)% | | | | | | (0.47)%(5) | | |
Portfolio turnover rate(7) | | | | | 20% | | | | | | 64% | | | | | | 80% | | | | | | 65% | | | | | | 77% | | | | | | 65% | | |
| | | Six Months Ended January 31, 2020 (Unaudited) | | | Year Ended July 31, 2019 | | | Year Ended July 31, 2018 | | | For the Period Ended July 31, 2017(1) | | | Year Ended August 31, 2016 | | | For the Period September 30, 2014(2) through August 31, 2015 | | ||||||||||||||||||
Per Share Data: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net asset value, beginning of period | | | | $ | 33.05 | | | | | $ | 34.93 | | | | | $ | 29.59 | | | | | $ | 21.14 | | | | | $ | 18.33 | | | | | $ | 20.00 | | |
Net investment loss(3) | | | | | (0.07) | | | | | | (0.13) | | | | | | (0.05) | | | | | | (0.07) | | | | | | (0.07) | | | | | | (0.07) | | |
Net realized and unrealized gain (loss) on investments | | | | | 5.59 | | | | | | (0.91) | | | | | | 5.89 | | | | | | 8.52 | | | | | | 3.07 | | | | | | (1.60) | | |
Total gain (loss) from investment operations | | | | | 5.52 | | | | | | (1.04) | | | | | | 5.84 | | | | | | 8.45 | | | | | | 3.00 | | | | | | (1.67) | | |
Distributions to shareholders: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | | — | | | | | | — | | | | | | (0.02) | | | | | | — | | | | | | — | | | | | | — | | |
Net realized gains | | | | | — | | | | | | (0.84) | | | | | | (0.48) | | | | | | — | | | | | | (0.19) | | | | | | — | | |
Total distributions | | | | | — | | | | | | (0.84) | | | | | | (0.50) | | | | | | — | | | | | | (0.19) | | | | | | — | | |
Net asset value, end of period | | | | $ | 38.57 | | | | | $ | 33.05 | | | | | $ | 34.93 | | | | | $ | 29.59 | | | | | $ | 21.14 | | | | | $ | 18.33 | | |
Market value, end of period | | | | $ | 38.60 | | | | | $ | 33.06 | | | | | $ | 35.01 | | | | | $ | 29.63 | | | | | $ | 21.14 | | | | | $ | 18.43 | | |
Total Return at Net Asset Value(4) | | | | | 16.70% | | | | | | (2.66)% | | | | | | 19.86% | | | | | | 39.97% | | | | | | 16.43% | | | | | | (8.35)% | | |
Total Return at Market Value(4) | | | | | 16.76% | | | | | | (2.84)% | | | | | | 19.98% | | | | | | 40.16% | | | | | | 15.84% | | | | | | (7.85)% | | |
Ratios/Supplemental Data: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets, end of period (000’s omitted) | | | | $ | 177,428 | | | | | $ | 166,897 | | | | | $ | 155,448 | | | | | $ | 66,578 | | | | | $ | 15,853 | | | | | $ | 12,829 | | |
Ratio to average net assets of: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Expenses | | | | | 0.75%(5) | | | | | | 0.75% | | | | | | 0.75% | | | | | | 0.75%(5) | | | | | | 0.89% | | | | | | 0.95%(5) | | |
Net investment loss(6) | | | | | (0.40)%(5) | | | | | | (0.39)% | | | | | | (0.15)% | | | | | | (0.31)%(5) | | | | | | (0.38)% | | | | | | (0.40)%(5) | | |
Portfolio turnover rate(7) | | | | | 22% | | | | | | 54% | | | | | | 57% | | | | | | 44% | | | | | | 67% | | | | | | 86% | | |
| | | Six Months Ended January 31, 2020 (Unaudited) | | | Year Ended July 31, 2019 | | | Year Ended July 31, 2018 | | | For the Period Ended July 31, 2017(1) | | | Year Ended August 31, 2016 | | | For the Period October 31, 2014(2) through August 31, 2015 | | ||||||||||||||||||
Per Share Data: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net asset value, beginning of period | | | | $ | 48.36 | | | | | $ | 44.51 | | | | | $ | 29.59 | | | | | $ | 20.60 | | | | | $ | 20.06 | | | | | $ | 20.00 | | |
Net investment loss(3) | | | | | (0.16) | | | | | | (0.30) | | | | | | (0.13) | | | | | | (0.15) | | | | | | (0.15) | | | | | | (0.12) | | |
Net realized and unrealized gain on investments | | | | | 3.74 | | | | | | 5.32 | | | | | | 15.54(4) | | | | | | 9.14 | | | | | | 1.16 | | | | | | 0.18 | | |
Total gain from investment operations | | | | | 3.58 | | | | | | 5.02 | | | | | | 15.41 | | | | | | 8.99 | | | | | | 1.01 | | | | | | 0.06 | | |
Distributions to shareholders: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | | — | | | | | | — | | | | | | (0.09) | | | | | | — | | | | | | — | | | | | | — | | |
Net realized gains | | | | | (0.19) | | | | | | (1.17) | | | | | | (0.40) | | | | | | — | | | | | | (0.47) | | | | | | — | | |
Total distributions | | | | | (0.19) | | | | | | (1.17) | | | | | | (0.49) | | | | | | — | | | | | | (0.47) | | | | | | — | | |
Net asset value, end of period | | | | $ | 51.75 | | | | | $ | 48.36 | | | | | $ | 44.51 | | | | | $ | 29.59 | | | | | $ | 20.60 | | | | | $ | 20.06 | | |
Market value, end of period | | | | $ | 51.80 | | | | | $ | 48.46 | | | | | $ | 44.55 | | | | | $ | 29.62 | | | | | $ | 20.61 | | | | | $ | 20.10 | | |
Total Return at Net Asset Value(5) | | | | | 7.42% | | | | | | 12.14% | | | | | | 52.38%(4) | | | | | | 43.64% | | | | | | 4.98% | | | | | | 0.30% | | |
Total Return at Market Value(5) | | | | | 7.29% | | | | | | 12.27% | | | | | | 52.38%(4) | | | | | | 43.72% | | | | | | 4.90% | | | | | | 0.50% | | |
Ratios/Supplemental Data: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets, end of period (000’s omitted) | | | | $ | 1,992,518 | | | | | $ | 1,731,253 | | | | | $ | 1,170,588 | | | | | $ | 85,813 | | | | | $ | 9,271 | | | | | $ | 7,020 | | |
Ratio to average net assets of: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Expenses | | | | | 0.75%(6) | | | | | | 0.75% | | | | | | 0.75% | | | | | | 0.75%(6) | | | | | | 0.89% | | | | | | 0.95%(6) | | |
Net investment loss(7) | | | | | (0.69)%(6) | | | | | | (0.67)% | | | | | | (0.33)% | | | | | | (0.67)%(6) | | | | | | (0.76)% | | | | | | (0.69)%(6) | | |
Portfolio turnover rate(8) | | | | | 34% | | | | | | 80% | | | | | | 89% | | | | | | 70% | | | | | | 110% | | | | | | 108% | | |
| | | Six Months Ended January 31, 2020 (Unaudited) | | | Year Ended July 31, 2019 | | | Year Ended July 31, 2018 | | | For the Period Ended July 31, 2017(1) | | | Year Ended August 31, 2016 | | | For the Period September 30, 2014(2) through August 31, 2015 | | ||||||||||||||||||
Per Share Data: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net asset value, beginning of period | | | | $ | 52.32 | | | | | $ | 55.10 | | | | | $ | 36.82 | | | | | $ | 24.42 | | | | | $ | 22.02 | | | | | $ | 20.00 | | |
Net investment loss(3) | | | | | (0.18) | | | | | | (0.33) | | | | | | (0.09) | | | | | | (0.17) | | | | | | (0.17) | | | | | | (0.13) | | |
Net realized and unrealized gain on investments | | | | | 11.02 | | | | | | 3.09 | | | | | | 19.32(4) | | | | | | 12.57 | | | | | | 3.10 | | | | | | 2.15 | | |
Total gain from investment operations | | | | | 10.84 | | | | | | 2.76 | | | | | | 19.23 | | | | | | 12.40 | | | | | | 2.93 | | | | | | 2.02 | | |
Distributions to shareholders: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | | — | | | | | | — | | | | | | (0.13) | | | | | | — | | | | | | — | | | | | | — | | |
Net realized gains | | | | | — | | | | | | (5.54) | | | | | | (0.82) | | | | | | — | | | | | | (0.53) | | | | | | — | | |
Total distributions | | | | | — | | | | | | (5.54) | | | | | | (0.95) | | | | | | — | | | | | | (0.53) | | | | | | — | | |
Net asset value, end of period | | | | $ | 63.16 | | | | | $ | 52.32 | | | | | $ | 55.10 | | | | | $ | 36.82 | | | | | $ | 24.42 | | | | | $ | 22.02 | | |
Market value, end of period | | | | $ | 63.17 | | | | | $ | 52.48 | | | | | $ | 55.08 | | | | | $ | 36.85 | | | | | $ | 24.38 | | | | | $ | 21.92 | | |
Total Return at Net Asset Value(5) | | | | | 20.70% | | | | | | 7.49% | | | | | | 52.71%(4) | | | | | | 50.77% | | | | | | 13.43% | | | | | | 10.10% | | |
Total Return at Market Value(5) | | | | | 20.37% | | | | | | 7.80% | | | | | | 52.53%(4) | | | | | | 51.15% | | | | | | 13.83% | | | | | | 9.60% | | |
Ratios/Supplemental Data: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets, end of period (000’s omitted) | | | | $ | 454,737 | | | | | $ | 431,660 | | | | | $ | 672,276 | | | | | $ | 68,109 | | | | | $ | 14,654 | | | | | $ | 12,111 | | |
Ratio to average net assets of: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Expenses | | | | | 0.75%(6) | | | | | | 0.75% | | | | | | 0.75% | | | | | | 0.75%(6) | | | | | | 0.89% | | | | | | 0.95%(6) | | |
Net investment loss(7) | | | | | (0.68)%(6) | | | | | | (0.63)% | | | | | | (0.18)% | | | | | | (0.62)%(6) | | | | | | (0.78)% | | | | | | (0.65)%(6) | | |
Portfolio turnover rate(8) | | | | | 41% | | | | | | 92% | | | | | | 68% | | | | | | 52% | | | | | | 86% | | | | | | 103% | | |
| | | Six Months Ended January 31, 2020 (Unaudited) | | | For the Period February 4, 2019(1) through July 31, 2019 | | ||||||
Per Share Data: | | | | | | | | | | | | | |
Net asset value, beginning of period | | | | $ | 22.84 | | | | | $ | 20.00 | | |
Net investment loss(2) | | | | | (0.05) | | | | | | (0.03) | | |
Net realized and unrealized gain on investments | | | | | 2.79 | | | | | | 2.87 | | |
Total gain from investment operations | | | | | 2.74 | | | | | | 2.84 | | |
Distributions to shareholders: | | | | | | | | | | | | | |
Net realized gains | | | | | (0.30) | | | | | | — | | |
Total distributions | | | | | (0.30) | | | | | | — | | |
Net asset value, end of period | | | | $ | 25.28 | | | | | $ | 22.84 | | |
Market value, end of period | | | | $ | 25.24 | | | | | $ | 22.86 | | |
Total Return at Net Asset Value(3) | | | | | 12.04% | | | | | | 14.21% | | |
Total Return at Market Value(3) | | | | | 11.79% | | | | | | 14.30% | | |
Ratios/Supplemental Data: | | | | | | | | | | | | | |
Net assets, end of period (000’s omitted) | | | | $ | 93,534 | | | | | $ | 74,233 | | |
Ratio to average net assets of: | | | | | | | | | | | | | |
Expenses | | | | | 0.75%(4) | | | | | | 0.75%(4) | | |
Net investment loss(5) | | | | | (0.42)%(4) | | | | | | (0.24)%(4) | | |
Portfolio turnover rate(6) | | | | | 26% | | | | | | 22% | | |
| | | Six Months Ended January 31, 2020 (Unaudited) | | | Year Ended July 31, 2019 | | | Year Ended July 31, 2018 | | | For the Period Ended July 31, 2017(1) | | | For the Period July 19, 2016(2) through August 31, 2016 | | |||||||||||||||
Per Share Data: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net asset value, beginning of period | | | | $ | 22.04 | | | | | $ | 24.22 | | | | | $ | 25.52 | | | | | $ | 20.81 | | | | | $ | 20.00 | | |
Net investment loss(3) | | | | | (0.01) | | | | | | (0.01) | | | | | | (0.04) | | | | | | (0.03) | | | | | | 0.00(4) | | |
Net realized and unrealized gain (loss) on investments | | | | | 0.27 | | | | | | (2.01) | | | | | | (0.73) | | | | | | 4.74 | | | | | | 0.81 | | |
Total gain (loss) from investment operations | | | | | 0.26 | | | | | | (2.02) | | | | | | (0.77) | | | | | | 4.71 | | | | | | 0.81 | | |
Distributions to shareholders: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | | (0.01) | | | | | | — | | | | | | — | | | | | | (0.00)(4) | | | | | | — | | |
Net realized gains | | | | | — | | | | | | (0.16) | | | | | | (0.53) | | | | | | — | | | | | | — | | |
Total distributions | | | | | (0.01) | | | | | | (0.16) | | | | | | (0.53) | | | | | | — | | | | | | — | | |
Net asset value, end of period | | | | $ | 22.29 | | | | | $ | 22.04 | | | | | $ | 24.22 | | | | | $ | 25.52 | | | | | $ | 20.81 | | |
Market value, end of period | | | | $ | 22.32 | | | | | $ | 22.25 | | | | | $ | 24.32 | | | | | $ | 25.52 | | | | | $ | 20.90 | | |
Total Return at Net Asset Value(5) | | | | | 1.20% | | | | | | (8.25)% | | | | | | (3.05)% | | | | | | 22.64% | | | | | | 4.05% | | |
Total Return at Market Value(5) | | | | | 0.38% | | | | | | (7.76)% | | | | | | (2.64)% | | | | | | 22.11% | | | | | | 4.50% | | |
Ratios/Supplemental Data: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Net assets, end of period (000’s omitted) | | | | $ | 32,321 | | | | | $ | 39,672 | | | | �� | $ | 47,220 | | | | | $ | 35,726 | | | | | $ | 6,243 | | |
Ratio to average net assets of: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Expenses | | | | | 0.66%(6) | | | | | | 0.66% | | | | | | 0.66% | | | | | | 0.66%(6) | | | | | | 0.67%(6) | | |
Net investment income (loss)(7) | | | | | (0.10)%(6) | | | | | | (0.04)% | | | | | | (0.17)% | | | | | | (0.14)%(6) | | | | | | 0.19%(6) | | |
Portfolio turnover rate(8) | | | | | 22% | | | | | | 51% | | | | | | 53% | | | | | | 65% | | | | | | —% | | |
| | | Six Months Ended January 31, 2020 (Unaudited) | | | Year Ended July 31, 2019 | | | For the Period December 5, 2017(1) through July 31, 2018 | | |||||||||
Per Share Data: | | | | | | | | | | | | | | | | | | | |
Net asset value, beginning of period | | | | $ | 20.54 | | | | | $ | 20.85 | | | | | $ | 20.00 | | |
Net investment income(2) | | | | | 0.01 | | | | | | 0.08 | | | | | | (0.00)(3) | | |
Net realized and unrealized gain on investments | | | | | 2.69 | | | | | | 0.18 | | | | | | 0.85 | | |
Total gain from investment operations | | | | | 2.70 | | | | | | 0.26 | | | | | | 0.85 | | |
Distributions to shareholders: | | | | | | | | | | | | | | | | | | | |
Net investment income | | | | | (0.48) | | | | | | (0.57) | | | | | | — | | |
Total distributions | | | | | (0.48) | | | | | | (0.57) | | | | | | — | | |
Net asset value, end of period | | | | $ | 22.76 | | | | | $ | 20.54 | | | | | $ | 20.85 | | |
Market value, end of period | | | | $ | 23.00 | | | | | $ | 20.64 | | | | | $ | 21.04 | | |
Total Return at Net Asset Value(4) | | | | | 13.20% | | | | | | 1.57% | | | | | | 4.27% | | |
Total Return at Market Value(4) | | | | | 13.80% | | | | | | 1.20% | | | | | | 5.20% | | |
Ratios/Supplemental Data: | | | | | | | | | | | | | | | | | | | |
Net assets, end of period (000’s omitted) | | | | $ | 19,350 | | | | | $ | 19,512 | | | | | $ | 21,896 | | |
Ratio to average net assets of: | | | | | | | | | | | | | | | ��� | | | | |
Expenses | | | | | 0.49%(5) | | | | | | 0.49% | | | | | | 0.49%(5) | | |
Net investment income (loss)(6) | | | | | 0.05%(5) | | | | | | 0.37% | | | | | | (0.03)%(5) | | |
Portfolio turnover rate(7) | | | | | 39% | | | | | | 57% | | | | | | 40% | | |
Fund | | | Purchases | | | Sales | | ||||||
ARK Genomic Revolution ETF | | | | $ | 89,466,592 | | | | | $ | 104,516,208 | | |
ARK Autonomous Technology & Robotics ETF | | | | | 35,493,130 | | | | | | 35,820,849 | | |
ARK Innovation ETF | | | | | 589,724,700 | | | | | | 604,508,138 | | |
ARK Next Generation Internet ETF | | | | | 174,587,194 | | | | | | 176,399,701 | | |
ARK Fintech Innovation ETF | | | | | 20,649,475 | | | | | | 21,668,295 | | |
The 3D Printing ETF | | | | | 7,790,686 | | | | | | 8,189,147 | | |
The ARK Israel Innovative Technology ETF | | | | | 7,216,352 | | | | | | 7,168,111 | | |
| | | In-Kind | | |||||||||
Fund | | | Subscriptions | | | Redemptions | | ||||||
ARK Genomic Revolution ETF | | | | $ | 68,592,419 | | | | | $ | 25,373,776 | | |
ARK Autonomous Technology & Robotics ETF | | | | | 15,069,108 | | | | | | 29,220,353 | | |
ARK Innovation ETF | | | | | 214,808,045 | | | | | | 76,091,582 | | |
ARK Next Generation Internet ETF | | | | | 118,983,901 | | | | | | 181,380,317 | | |
ARK Fintech Innovation ETF | | | | | 11,869,993 | | | | | | 1,073,611 | | |
The 3D Printing ETF | | | | | — | | | | | | 7,498,799 | | |
The ARK Israel Innovative Technology ETF | | | | | 572,525 | | | | | | 2,538,161 | | |
Fund | | | Cost | | | Gross Unrealized Appreciation | | | Gross Unrealized Depreciation | | | Net Unrealized Appreciation (Depreciation) | | ||||||||||||
ARK Genomic Revolution ETF | | | | $ | 428,271,818 | | | | | $ | 84,473,514 | | | | | $ | (46,648,141) | | | | | $ | 37,825,373 | | |
ARK Autonomous Technology & Robotics ETF | | | | | 163,951,745 | | | | | | 22,089,795 | | | | | | (18,910,134) | | | | | | 3,179,661 | | |
ARK Innovation ETF | | | | | 1,579,195,959 | | | | | | 303,925,408 | | | | | | (151,583,562) | | | | | | 152,341,846 | | |
ARK Next Generation Internet ETF | | | | | 425,419,417 | | | | | | 52,551,800 | | | | | | (46,186,385) | | | | | | 6,365,415 | | |
ARK Fintech Innovation ETF | | | | | 68,558,814 | | | | | | 7,859,371 | | | | | | (2,142,679) | | | | | | 5,716,692 | | |
The 3D Printing ETF | | | | | 37,525,043 | | | | | | 4,800,184 | | | | | | (2,286,136) | | | | | | 2,514,048 | | |
The ARK Israel Innovative Technology ETF | | | | | 19,888,341 | | | | | | 2,663,348 | | | | | | (3,503,555) | | | | | | (840,207) | | |
Fund | | | Late Year Ordinary Deferral | | | Capital Post-October Loss | | ||||||
ARK Genomic Revolution ETF | | | | $ | — | | | | | $ | — | | |
ARK Autonomous Technology & Robotics ETF | | | | | 433,737 | | | | | | 6,424,995 | | |
ARK Innovation ETF | | | | | — | | | | | | — | | |
ARK Next Generation Internet ETF | | | | | 1,848,637 | | | | | | 30,478,647 | | |
ARK Fintech Innovation ETF | | | | | — | | | | | | — | | |
The 3D Printing ETF | | | | | — | | | | | | — | | |
The ARK Israel Innovative Technology ETF | | | | | — | | | | | | — | | |
| | | Short-Term | | | Long-Term | | | Total Amount | | |||||||||
ARK Genomic Revolution ETF | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
ARK Autonomous Technology & Robotics ETF | | | | | — | | | | | | — | | | | | | — | | |
ARK Innovation ETF | | | | | — | | | | | | — | | | | | | — | | |
ARK Next Generation Internet ETF | | | | | — | | | | | | — | | | | | | — | | |
ARK Fintech Innovation ETF | | | | | — | | | | | | — | | | | | | — | | |
The 3D Printing ETF | | | | | 458,365 | | | | | | 7,972,703 | | | | | | 8,431,068 | | |
The ARK Israel Innovative Technology ETF | | | | | 793,580 | | | | | | — | | | | | | 793,580 | | |
ARK Investment Management LLC
3 E. 28th Street, 7th Floor
New York, NY 10016
The Bank of New York Mellon
240 Greenwich Street
New York, NY 10286
Foreside Fund Services, LLC
Three Canal Plaza, Suite 100
Portland, ME 04101
Tait, Weller & Baker LLP
Two Liberty Place
50 South 16th Street, Suite 2900
Philadelphia, PA 19102-2529
Item 2. Code of Ethics.
Not applicable.
Item 3. Audit Committee Financial Expert.
Not applicable.
Item 4. Principal Accountant Fees and Services.
Not applicable.
Item 5. Audit Committee of Listed Registrants.
Not applicable.
Item 6. Investments.
(a) | Schedule of Investments in securities of unaffiliated issuers as of the close of the reporting period is included as part of the report to shareholders filed under Item 1 of this form. |
(b) | Not applicable. |
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 10. Submission of Matters to a Vote of Security Holders.
There have been no material changes to the procedures by which the shareholders may recommend nominees to the registrant’s board of trustees, where those changes were implemented after the registrant last provided disclosure in response to the requirements of Item 407(c)(2)(iv) of Regulation S-K (17 CFR 229.407) (as required by Item 22(b)(15) of Schedule 14A (17 CFR 240.14a-101)), or this Item.
Item 11. Controls and Procedures.
(a) | As of a date within 90 days of the filing date of this Form N-CSR, the registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(b)). |
(b) | There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable.
Item 13. Exhibits.
(a)(1) | Not applicable. |
(a)(2) | Certifications pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto. |
(a)(3) | Not applicable. |
(a)(4) | Not applicable. |
(b) | Certifications pursuant to Rule 30a-2(b) under the 1940 Act and Section 906 of the Sarbanes-Oxley Act of 2002 are attached hereto. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) ARK ETF Trust
By (Signature and Title)* /s/ Catherine D. Wood
Catherine D. Wood, Chief Executive Officer and Chief Investment Officer
(principal executive officer)
Date 3/31/20
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By (Signature and Title)* /s/ Catherine D. Wood
Catherine D. Wood, Chief Executive Officer and Chief Investment Officer
(principal executive officer)
Date 3/31/20
By (Signature and Title)* /s/ William C. Cox
William C. Cox, Treasurer and Chief Financial Officer
(principal financial officer)
Date 3/31/20
* Print the name and title of each signing officer under his or her signature