Schedule of Investments
The ARK Israel Innovative Technology ETF
April 30, 2021 (Unaudited)
Investments | Shares | Value | ||||||
COMMON STOCKS–99.6% | ||||||||
Aerospace & Defense - 5.3% | ||||||||
Bet Shemesh Engines Holdings 1997 Ltd. (Israel)* | 277,110 | $ | 6,172,028 | |||||
Elbit Systems Ltd. (Israel) | 42,187 | 5,803,984 | ||||||
RADA Electronic Industries Ltd. (Israel)* | 456,837 | 6,025,680 | ||||||
Total Aerospace & Defense | 18,001,692 | |||||||
Biotechnology - 9.3% | ||||||||
Enlivex Therapeutics Ltd. (Israel)* | 553,857 | 6,336,124 | ||||||
Evogene Ltd. (Israel)* | 918,734 | 4,146,302 | ||||||
Gamida Cell Ltd. (Israel)* | 741,409 | 5,471,598 | ||||||
Kamada Ltd. (Israel)* | 984,509 | 6,013,102 | ||||||
Pluristem Therapeutics, Inc.* | 716,911 | 3,039,703 | ||||||
UroGen Pharma Ltd.* | 340,231 | 6,617,493 | ||||||
Total Biotechnology | 31,624,322 | |||||||
Communications Equipment - 12.2% | ||||||||
AudioCodes Ltd. (Israel) | 193,493 | 5,961,519 | ||||||
BATM Advanced Communications Ltd. (Israel)* | 4,613,301 | 6,373,850 | ||||||
Ceragon Networks Ltd. (Israel)* | 1,643,363 | 5,603,868 | ||||||
Gilat Satellite Networks Ltd. (Israel) | 598,069 | 6,010,594 | ||||||
Ituran Location and Control Ltd. (Israel) | 280,424 | 6,127,264 | ||||||
Radware Ltd. (Israel)* | 211,804 | 5,869,089 | ||||||
Silicom Ltd. (Israel)* | 133,443 | 5,710,026 | ||||||
Total Communications Equipment | 41,656,210 | |||||||
Diversified Telecommunication - 1.8% | ||||||||
Bezeq The Israeli Telecommunication Corp. Ltd. (Israel)* | 5,704,447 | 6,211,347 | ||||||
Electrical Equipment - 1.6% | ||||||||
Augwind Energy Tech Storage Ltd. (Israel)* | 228,629 | 5,353,340 | ||||||
Electronic Equipment, Instruments & Components - 1.7% | ||||||||
Arad Ltd. (Israel) | 417,576 | 5,869,602 | ||||||
Health Care Equipment & Supplies - 9.1% | ||||||||
DarioHealth Corp.* | 322,845 | 6,999,280 | ||||||
Inmode Ltd.* | 71,810 | 6,199,357 | ||||||
Intercure Ltd. (Israel)* | 895,324 | 6,501,977 | ||||||
Itamar Medical Ltd. (Israel)* | 7,225,608 | 5,756,730 | ||||||
Nano-X Imaging Ltd. (Israel)* | 166,444 | 5,584,196 | ||||||
Total Health Care Equipment & Supplies | 31,041,540 | |||||||
Hotels, Restaurants & Leisure - 1.8% | ||||||||
Fattal Holdings 1998 Ltd. (Israel)* | 59,260 | 6,171,643 | ||||||
Household Durables - 1.8% | ||||||||
Electra Consumer Products 1970 Ltd. (Israel) | 131,202 | 6,155,490 | ||||||
Internet & Direct Marketing Retail - 1.6% | ||||||||
Fiverr International Ltd. (Israel)* | 27,088 | 5,636,200 | ||||||
IT Services - 9.3% | ||||||||
E&M Computing Ltd. (Israel) | 870,812 | 6,511,621 | ||||||
Malam - Team Ltd. (Israel) | 202,473 | 6,600,856 | ||||||
Matrix IT Ltd. (Israel) | 232,793 | 6,120,191 | ||||||
One Software Technologies Ltd. (Israel) | 46,165 | 5,791,321 | ||||||
Wix.com Ltd. (Israel)* | 20,680 | 6,573,758 | ||||||
Total IT Services | 31,597,747 | |||||||
Life Sciences Tools & Services - 1.1% | ||||||||
Compugen Ltd. (Israel)* | 429,887 | 3,709,925 | ||||||
Machinery - 5.0% | ||||||||
Kornit Digital Ltd. (Israel)* | 57,808 | 5,651,310 | ||||||
Plasson Industries Ltd. (Israel) | 120,812 | 6,404,429 | ||||||
RoboGroup T.E.K Ltd. (Israel)*† | 2,940,640 | 5,139,229 | ||||||
Total Machinery | 17,194,968 | |||||||
Media - 1.8% | ||||||||
Perion Network Ltd. (Israel)* | 354,089 | 6,334,652 | ||||||
Pharmaceuticals - 7.0% | ||||||||
PolyPid Ltd. (Israel)* | 651,308 | 5,998,547 | ||||||
Redhill Biopharma Ltd. (Israel)*(a) | 847,214 | 5,777,999 | ||||||
Taro Pharmaceutical Industries Ltd.* | 82,394 | 6,098,804 | ||||||
Teva Pharmaceutical Industries Ltd. (Israel)*(a) | 551,312 | 5,899,038 | ||||||
Total Pharmaceuticals | 23,774,388 | |||||||
Professional Services - 1.7% | ||||||||
Danel Adir Yeoshua Ltd. (Israel) | 33,249 | 5,798,500 | ||||||
Semiconductors & Semiconductor Equipment - 7.0% | ||||||||
Camtek Ltd. (Israel)* | 179,751 | 6,122,319 | ||||||
Nova Measuring Instruments Ltd. (Israel)* | 63,233 | 5,967,298 | ||||||
SolarEdge Technologies, Inc.* | 22,532 | 5,938,083 | ||||||
Tower Semiconductor Ltd. (Israel)* | 201,962 | 5,715,525 | ||||||
Total Semiconductors & Semiconductor Equipment | 23,743,225 | |||||||
Software - 14.2% | ||||||||
Allot Ltd. (Israel)* | 345,523 | 6,367,989 | ||||||
Check Point Software Technologies Ltd. (Israel)* | 51,421 | 6,006,487 | ||||||
CyberArk Software Ltd.* | 42,170 | 5,924,885 | ||||||
Hilan Ltd. (Israel) | 116,177 | 6,080,037 | ||||||
JFrog Ltd. (Israel)* | 115,428 | 5,659,435 | ||||||
Magic Software Enterprises Ltd. (Israel) | 373,158 | 6,329,677 | ||||||
Nice Ltd. (Israel)*(a) | 25,646 | 6,186,585 | ||||||
Sapiens International Corp. NV (Israel) | 182,596 | 5,908,806 | ||||||
Total Software | 48,463,901 | |||||||
Technology Hardware, Storage & Peripherals - 2.7% | ||||||||
Nano Dimension Ltd. (Israel)*(a) | 789,242 | 5,793,036 | ||||||
Stratasys Ltd.* | 155,942 | 3,494,660 | ||||||
Total Technology Hardware, Storage & Peripherals | 9,287,696 | |||||||
Wireless Telecommunication Services - 3.6% | ||||||||
Cellcom Israel Ltd. (Israel)* | 1,673,499 | 6,475,867 | ||||||
Partner Communications Co. Ltd. (Israel)* | 1,315,531 | 5,738,629 | ||||||
Total Wireless Telecommunication Services | 12,214,496 | |||||||
Total Common Stocks | ||||||||
(Cost $359,754,319) | 339,840,884 | |||||||
MONEY MARKET FUND–0.5% | ||||||||
Dreyfus Government Cash Management Fund, Institutional Shares, 0.03% (b) | ||||||||
(Cost $1,589,250) | 1,589,250 | 1,589,250 | ||||||
Total Investments–100.1% | ||||||||
(Cost $361,343,569) | 341,430,134 | |||||||
Liabilities in Excess of Other Assets–(0.1)% | (264,840 | ) | ||||||
Net Assets–100.0% | $ | 341,165,294 |
Schedule of Investments (continued)
The ARK Israel Innovative Technology ETF
April 30, 2021 (Unaudited)
Affiliated Issuer Transactions
A summary of the Fund’s transactions with affiliated issuers during the period ended April 30, 2021 is as follows:
Value ($) at 7/31/2020 | Purchases Cost ($) | Sales Proceeds ($) | Net Realized Gain/(Loss) ($) | Net Change in Unrealized Appreciation (Depreciation) ($) | Dividend Income ($) | Capital Gain Distributions ($) | Number of Shares at 4/30/2021 | Value ($) at 4/30/2021 | ||||||||||||||||||||||||
Common Stock — 1.5% | ||||||||||||||||||||||||||||||||
Machinery — 1.5% | ||||||||||||||||||||||||||||||||
RoboGroup T.E.K Ltd. | ||||||||||||||||||||||||||||||||
– | 7,816,849 | (239,693 | ) | (40,198 | ) | (2,397,729 | ) | – | – | 2,940,640 | 5,139,229 |
* | Non-income producing security |
† | Affiliated security |
(a) | American Depositary Receipt |
(b) | Rate shown represents annualized 7-day yield as of April 30, 2021. |
Country | Value | % of Net Assets | ||||||
Israel | $ | 295,528,619 | 86.6 | % | ||||
United States | 45,901,515 | 13.5 | ||||||
Total Investments | 341,430,134 | 100.1 | ||||||
Liabilities in Excess of Other Assets | (264,840 | ) | (0.1 | ) | ||||
Net Assets | $ | 341,165,294 | 100.0 | % |
Schedule of Investments (continued)
The ARK Israel Innovative Technology ETF
April 30, 2021 (Unaudited)
Fair Value Measurement
The Fund discloses the fair value of its investments in a hierarchy that distinguishes between: (i) market participant assumptions developed based on market data obtained from sources independent of the Fund (observable inputs) and (ii) the Fund’s own assumptions about market participant assumptions developed based on the best information available under the circumstances (unobservable inputs). The three levels defined by the hierarchy are as follows:
• Level 1 — Quoted prices in active markets for identical assets.
• Level 2 — Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
• Level 3 — Significant unobservable inputs (including each Fund’s own assumptions in determining the fair value of investments).
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
The following is a summary of the valuations as of April 30, 2021, based upon the three levels defined above:
The ARK Israel Innovative Technology ETF | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Assets | ||||||||||||||||
Common Stocks‡ | $ | 339,840,884 | $ | – | $ | – | $ | 339,840,884 | ||||||||
Money Market Fund | 1,589,250 | – | – | 1,589,250 | ||||||||||||
Total | $ | 341,430,134 | $ | – | $ | – | $ | 341,430,134 |
‡ | Please refer to the Schedule of Investments to view securities segregated by industry type. |