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Trending ETFs

ARK Fintech Innovation ETF

Active ETF
ARKF
Payout Change
Pending
Price as of:
$28.49 +0.39 +1.39%
primary theme
Technology Sector Equity
ARKF (ETF)

ARK Fintech Innovation ETF

Payout Change
Pending
Price as of:
$28.49 +0.39 +1.39%
primary theme
Technology Sector Equity
ARKF (ETF)

ARK Fintech Innovation ETF

Payout Change
Pending
Price as of:
$28.49 +0.39 +1.39%
primary theme
Technology Sector Equity

Name

As of 05/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

ARK Fintech Innovation ETF

ARKF | Active ETF

$28.49

$1.16 B

0.00%

0.75%

Vitals

YTD Return

3.3%

1 yr return

52.3%

3 Yr Avg Return

-15.8%

5 Yr Avg Return

5.6%

Net Assets

$1.16 B

Holdings in Top 10

64.0%

52 WEEK LOW AND HIGH

$28.1
$17.39
$30.51

Expenses

OPERATING FEES

Expense Ratio 0.75%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 05/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

ARK Fintech Innovation ETF

ARKF | Active ETF

$28.49

$1.16 B

0.00%

0.75%

ARKF - Profile

Distributions

  • YTD Total Return 3.3%
  • 3 Yr Annualized Total Return -15.8%
  • 5 Yr Annualized Total Return 5.6%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.60%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Other

Fund Details

  • Legal Name
    ARK Fintech Innovation ETF
  • Fund Family Name
    ARKETFTRUS
  • Inception Date
    Feb 04, 2019
  • Shares Outstanding
    50805319
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Catherine Wood

Fund Description

The Fund is an actively-managed exchange-traded fund (“ETF”) that will invest under normal circumstances primarily (at least 80% of its assets) in domestic and foreign equity securities of companies that are engaged in the Fund’s investment theme of financial technology (“Fintech”) innovation. A company is deemed to be engaged in the theme of Fintech innovation if (i) it derives a significant portion of its revenue or market value from the theme of Fintech innovation or (ii) it has stated its primary business to be in products and services focused on the theme of Fintech innovation. The Adviser defines “Fintech innovation” as the introduction of a technologically enabled new product or service that potentially changes the way the financial sector works.

In selecting companies that the Adviser believes are engaged in the theme of Fintech innovation (“Fintech Innovation Companies”), the Adviser seeks to identify, using its own internal research and analysis, companies capitalizing on disruptive innovation. Disruptive innovation occurs when a new product or service substantially alters the way a market or industry functions. The Adviser’s internal research and analysis leverages insights from diverse sources, including external research, to develop and refine its investment themes and identify and take advantage of trends that have ramifications for individual companies or entire industries.

Fintech Innovation Companies are companies that may develop, use or rely on innovative payment platforms and methodologies, point of sale providers, e-commerce, transactional innovations, business analytics, fraud reduction, frictionless funding platforms, peer-to-peer lending, blockchain* technologies, intermediary exchanges, asset allocation technology, mobile payments, and risk pricing and pooling aggregators (insurance). A Fintech Innovation Company may not currently derive any revenue, and there is no assurance that such company will derive any revenue from innovative technologies in the future.

The Adviser will select investments for the Fund that represent the Adviser’s highest-conviction investment ideas within the theme of Fintech innovation, as defined above, in constructing the Fund’s portfolio.

The Adviser’s process for identifying Fintech Innovation Companies uses both “top down” (thematic research sizing the potential total available market, and surfacing the prime beneficiaries) and “bottom up” (valuation, fundamental and quantitative measures) approaches. In both the Adviser’s “top down” and “bottom up” approaches, the Adviser evaluates environmental, social, and governance (“ESG”) considerations. In its “top down” approach, the Adviser uses the framework of the United Nations Sustainable Development Goals to integrate ESG considerations into its research and investment process. The Adviser, however, does not use ESG considerations to limit, restrict or otherwise exclude companies or sectors from the Fund’s investment universe. In its “bottom up” approach, the Adviser makes its investment decisions primarily based on its analysis of the potential of individual companies, while integrating ESG considerations into that process. The Adviser’s highest-conviction investment ideas are those that it believes present the best risk-reward opportunities.

Under normal circumstances, substantially all of the Fund’s assets will be invested in equity securities, including common stocks, partnership interests, business trust shares and other equity investments or ownership interests in business enterprises. The Fund’s investments will include micro-, small-, medium- and large-capitalization companies. The Fund’s investments in foreign equity securities

*     The term “blockchain” refers to a peer-to-peer distributed ledger that is secured using cryptography. A distributed ledger is a shared electronic database where information is recorded and stored across multiple computers; a blockchain is one type of distributed ledger. A blockchain may be open and permissionless or private and permissioned. The Bitcoin and Ethereum blockchains are examples of open, public, permissionless blockchains. Blockchain derives its name from the way it stores transaction data in blocks that are linked together to form a chain. As the number of transactions grows, so does the blockchain. Blocks record and confirm the time and sequence of transactions, which are then logged into the blockchain network, which is, with respect to public blockchains, governed by rules agreed on by the network participants.

will be in both developed and emerging markets. The Fund may invest in foreign securities listed on foreign exchanges as well as American Depositary Receipts (“ADRs”) and Global Depositary Receipts (“GDRs”).

The Fund is classified as a “non-diversified” investment company under the Investment Company Act of 1940, as amended (the “1940 Act”), which means that it may invest a high percentage of its assets in a limited number of issuers. The Fund’s portfolio is expected to contain 40 to 55 common stocks (including domestic stocks, ADRs and securities listed on foreign exchanges) that are conviction weighted. The Fund will concentrate (i.e., more than 25% of the value of the Fund’s assets) in securities of issuers having their principal business activities in the communication, technology and financials group of industries. This concentration limit does not apply to securities issued or guaranteed by the U.S. Government, its agencies or instrumentalities.

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ARKF - Performance

Return Ranking - Trailing

Period ARKF Return Category Return Low Category Return High Rank in Category (%)
YTD 3.3% -19.5% 34.4% 87.84%
1 Yr 52.3% -9.7% 77.4% 8.11%
3 Yr -15.8%* -31.8% 30.6% 98.17%
5 Yr 5.6%* -10.6% 36.9% 95.38%
10 Yr N/A* 1.5% 28.1% 85.33%

* Annualized

Return Ranking - Calendar

Period ARKF Return Category Return Low Category Return High Rank in Category (%)
2023 93.3% -5.6% 96.9% 0.90%
2022 -65.1% -73.9% -16.4% 98.17%
2021 -17.8% -44.6% 51.5% 90.78%
2020 107.3% 5.5% 154.1% 1.97%
2019 N/A -3.0% 63.7% N/A

Total Return Ranking - Trailing

Period ARKF Return Category Return Low Category Return High Rank in Category (%)
YTD 3.3% -19.5% 34.4% 87.84%
1 Yr 52.3% -9.7% 77.4% 8.11%
3 Yr -15.8%* -31.8% 30.6% 98.17%
5 Yr 5.6%* -10.6% 36.9% 95.38%
10 Yr N/A* 1.5% 28.1% N/A

* Annualized

Total Return Ranking - Calendar

Period ARKF Return Category Return Low Category Return High Rank in Category (%)
2023 93.3% -2.3% 96.9% 0.90%
2022 -65.1% -67.5% -5.9% 99.54%
2021 -17.8% -17.8% 59.2% 100.00%
2020 108.0% 17.5% 157.5% 2.46%
2019 N/A 7.5% 66.9% N/A

ARKF - Holdings

Concentration Analysis

ARKF Category Low Category High ARKF % Rank
Net Assets 1.16 B 4.67 M 81.2 B 47.98%
Number of Holdings 31 10 316 94.17%
Net Assets in Top 10 659 M 1.42 M 49.3 B 42.60%
Weighting of Top 10 64.00% 11.5% 100.0% 10.76%

Top 10 Holdings

  1. Coinbase Global Inc 11.21%
  2. Shopify Inc 9.61%
  3. Block Inc 7.98%
  4. DraftKings Inc 6.89%
  5. UiPath Inc 6.06%
  6. Twilio Inc 5.20%
  7. Adyen NV 4.72%
  8. Robinhood Markets Inc 4.36%
  9. MercadoLibre Inc 4.03%
  10. Global-e Online Ltd 3.95%

Asset Allocation

Weighting Return Low Return High ARKF % Rank
Stocks
100.05% 0.00% 103.06% 3.59%
Preferred Stocks
0.00% 0.00% 7.72% 44.39%
Other
0.00% -0.01% 26.87% 50.67%
Convertible Bonds
0.00% 0.00% 0.40% 35.43%
Cash
0.00% -0.14% 26.97% 92.83%
Bonds
0.00% 0.00% 90.88% 36.77%

Stock Sector Breakdown

Weighting Return Low Return High ARKF % Rank
Technology
55.69% 2.80% 100.00% 82.96%
Consumer Cyclical
18.26% 0.00% 32.97% 8.07%
Financial Services
11.47% 0.00% 38.36% 7.62%
Communication Services
11.46% 0.00% 97.05% 33.18%
Healthcare
3.12% 0.00% 25.57% 19.73%
Utilities
0.00% 0.00% 5.17% 34.08%
Real Estate
0.00% 0.00% 15.05% 49.33%
Industrials
0.00% 0.00% 38.68% 77.58%
Energy
0.00% 0.00% 1.24% 33.18%
Consumer Defense
0.00% 0.00% 5.64% 39.91%
Basic Materials
0.00% 0.00% 2.38% 39.01%

Stock Geographic Breakdown

Weighting Return Low Return High ARKF % Rank
US
91.14% 0.00% 103.06% 76.23%
Non US
8.91% 0.00% 59.84% 21.97%

ARKF - Expenses

Operational Fees

ARKF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.75% 0.08% 5.04% 66.67%
Management Fee 0.75% 0.03% 1.95% 55.61%
12b-1 Fee 0.00% 0.00% 1.00% 13.01%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

ARKF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

ARKF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ARKF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.69% 281.00% N/A

ARKF - Distributions

Dividend Yield Analysis

ARKF Category Low Category High ARKF % Rank
Dividend Yield 0.00% 0.00% 7.82% 54.71%

Dividend Distribution Analysis

ARKF Category Low Category High Category Mod
Dividend Distribution Frequency Other Annually Monthly Annual

Net Income Ratio Analysis

ARKF Category Low Category High ARKF % Rank
Net Income Ratio -0.60% -2.30% 2.08% 61.19%

Capital Gain Distribution Analysis

ARKF Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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ARKF - Fund Manager Analysis

Managers

Catherine Wood


Start Date

Tenure

Tenure Rank

Feb 01, 2019

3.33

3.3%

Cathie registered ARK Investment Management LLC (“ARK”) as an investment adviser with the U.S. Securities and Exchange Commission in January 2014. Prior to ARK, Cathie spent twelve years at AllianceBernstein as Chief Investment Officer of Global Thematic Strategies where she managed $5 billion. Cathie joined Alliance Capital from Tupelo Capital Management, a hedge fund she co-founded which, in 2000, managed $800 million in global thematic strategies. Prior to her tenure at Tupelo Capital, she worked for 18 years with Jennison Associates as Chief Economist, Equity Research Analyst, Portfolio Manager and Director. She started her career in Los Angeles, California at The Capital Group as an Assistant Economist. Cathie received her Bachelor of Science, summa cum laude, in Finance and Economics from the University of Southern California in 1981. In 2016, Cathie received the “Women in Finance – Outstanding Contribution Award” from Market Media.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 32.43 8.25 1.41