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Trending ETFs

ARK Innovation ETF

Active ETF
ARKK
Payout Change
Suspended
Price as of:
$50.11 +0.08 +0.16%
primary theme
U.S. Mid-Cap Growth Equity
ARKK (ETF)

ARK Innovation ETF

Payout Change
Suspended
Price as of:
$50.11 +0.08 +0.16%
primary theme
U.S. Mid-Cap Growth Equity
ARKK (ETF)

ARK Innovation ETF

Payout Change
Suspended
Price as of:
$50.11 +0.08 +0.16%
primary theme
U.S. Mid-Cap Growth Equity

Name

As of 03/27/2024

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 Innovation ETF

ARKK | Active ETF

$50.11

$8.21 B

0.00%

$0.00

0.75%

Vitals

YTD Return

-4.3%

1 yr return

34.7%

3 Yr Avg Return

-23.7%

5 Yr Avg Return

2.2%

Net Assets

$8.21 B

Holdings in Top 10

61.1%

52 WEEK LOW AND HIGH

$50.0
$34.10
$54.26

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 03/27/2024

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 Innovation ETF

ARKK | Active ETF

$50.11

$8.21 B

0.00%

$0.00

0.75%

ARKK - Profile

Distributions

  • YTD Total Return -4.3%
  • 3 Yr Annualized Total Return -23.7%
  • 5 Yr Annualized Total Return 2.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.63%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    ARK Innovation ETF
  • Fund Family Name
    ARKETFTRUS
  • Inception Date
    Oct 31, 2014
  • Shares Outstanding
    200631021
  • 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 65% of its assets) in domestic and foreign equity securities of companies that are relevant to the Fund’s investment theme of disruptive innovation. The Adviser defines “disruptive innovation” as the introduction of a technologically enabled new product or service that potentially changes the way the world works. The Adviser believes that companies relevant to this theme are those that rely on or benefit from the development of new products or services, technological improvements and advancements in scientific research relating to the areas of genomics* (“Genomic Revolution Companies”); innovation in automation and manufacturing (“Automation Transformation Companies”), transportation, energy (“Energy Transformation Companies”), artificial intelligence (“Artificial Intelligence Companies”) and materials; the increased use of shared technology, infrastructure and services (“Next Generation Internet Companies”); and technologies that make financial services more efficient (“Fintech Innovation Companies”).

In selecting companies that the Adviser believes are relevant to a particular investment theme, the Adviser seeks to identify, using its own internal research and analysis, companies capitalizing on disruptive innovation or that are enabling the further development of a theme in the markets in which they operate. 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. The types of companies that the Adviser believes are Genomic Revolution Companies, Automation Transformation Companies, Energy Transformation Companies, Artificial Intelligence Companies, Next Generation Internet Companies or Fintech Innovation Companies are described below:

      Genomic Revolution Companies.  Companies that the Adviser believes are substantially focused on and are expected to substantially benefit from extending and enhancing the quality of human and other life by incorporating technological and scientific developments, improvements and advancements in genomics into their business, such as by offering new products or services that rely on genomic sequencing,** analysis, synthesis or instrumentation. These companies may include ones across multiple sectors, such as healthcare, information technology, materials, energy and consumer discretionary. These companies may also develop, produce, manufacture or significantly rely on or enable bionic devices, bio-inspired computing, bioinformatics,*** molecular medicine and agricultural biotechnology.

      Automation Transformation Companies.  Companies that the Adviser believes are focused on man capitalizing on the productivity of machines, such as through the automation of functions, processes or activities previously performed by human labor, such as transportation through an emphasis on mobility as a service, or the use of robotics to perform other functions, activities or processes.

      Energy Transformation Companies.  Companies that the Adviser believes seek to capitalize on innovations or evolutions in: (i) ways that energy is stored or used; (ii) the discovery, collection and/or implementation of new sources of energy, including unconventional sources of oil or natural gas; and/or (iii) the production or development of new materials for use in commercial applications of energy production, use or storage.

_______________

*     The Adviser defines “genomics” as the study of genes and their functions, and related techniques (e.g., genomic sequencing).

**    The Adviser uses the term “genomic sequencing” to refer to techniques that allow researchers to read and decipher the genetic information found in the DNA (i.e., the exact sequence of bases A, C, G and T in a DNA molecule), including the DNA of bacteria, plants, animals and human beings.

***  The Adviser defines “bioinformatics” as the science of collecting and analyzing complex biological data such as genetic codes.

      Artificial Intelligence Companies.  Companies that the Adviser considers to be Artificial Intelligence (“AI”) Companies include a company that: (i) designs, creates, integrates, or delivers robotics, autonomous technology, and/or AI in the form of products, software, or systems; (ii) develops the building block components for robotics, autonomous technology, or AI, such as advanced machinery, semiconductors and databases used for machine learning; (iii) provides its own value-added services on top of such building block components, but are not core to the company’s product or service offering; and/or (iv) develops computer systems that are able to perform tasks that normally require human intelligence, such as visual perception, speech recognition, decision-making, and translation between languages.

      Next Generation Internet Companies.  Companies that the Adviser believes are focused on and expected to benefit from shifting the bases of technology infrastructure from hardware and software to the cloud, enabling mobile and local services, such as companies that rely on or benefit from the increased use of shared technology, infrastructure and services. These companies may include mail order houses which generate the entirety of their business through websites and which offer internet-based products and services, such as streaming media or cloud storage in addition to traditional physical goods. These companies may also include ones that develop, use or rely on innovative payment methodologies, big data, the “internet of things*,” machine learning, and social distribution and media.

      Fintech Innovation Companies.  Companies that the Adviser believes are focused on and expected to benefit from the shifting of the financial sector and economic transactions to technology infrastructure platforms, and technological intermediaries. Fintech Innovation Companies may also 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.

The Adviser will select investments for the Fund that represent its highest-conviction investment ideas within the theme of disruptive innovation, as described above, in constructing the Fund’s portfolio. The Adviser’s process for identifying Genomic Revolution Companies, Automation Transformation Companies, Energy Transformation Companies, Artificial Intelligence Companies, Next Generation Internet Companies and 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 Adviser defines the “internet of things” as a system of interrelated computing devices, mechanical and digital machines, or physical objects that are provided unique identifiers and the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction.

**    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.

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 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.

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ARKK - Performance

Return Ranking - Trailing

Period ARKK Return Category Return Low Category Return High Rank in Category (%)
YTD -4.3% -5.1% 27.8% 98.91%
1 Yr 34.7% -6.1% 60.7% 9.47%
3 Yr -23.7%* -24.0% 86.1% 99.81%
5 Yr 2.2%* -2.9% 100.8% 98.40%
10 Yr N/A* 0.4% 37.0% 58.93%

* Annualized

Return Ranking - Calendar

Period ARKK Return Category Return Low Category Return High Rank in Category (%)
2023 67.6% -27.7% 68.0% 0.73%
2022 -67.0% -85.6% 350.1% 97.62%
2021 -24.0% -77.0% 238.3% 88.70%
2020 148.7% -44.1% 2474.5% 0.58%
2019 34.6% -50.2% 44.0% 13.83%

Total Return Ranking - Trailing

Period ARKK Return Category Return Low Category Return High Rank in Category (%)
YTD -4.3% -5.1% 27.8% 98.91%
1 Yr 34.7% -6.1% 60.7% 9.47%
3 Yr -23.7%* -24.0% 86.1% 99.81%
5 Yr 2.2%* -2.9% 100.8% 98.40%
10 Yr N/A* 0.4% 37.0% N/A

* Annualized

Total Return Ranking - Calendar

Period ARKK Return Category Return Low Category Return High Rank in Category (%)
2023 67.6% -26.1% 68.0% 0.73%
2022 -67.0% -67.0% 440.7% 100.00%
2021 -23.4% -23.5% 342.2% 99.81%
2020 152.8% 2.6% 2549.1% 0.58%
2019 35.1% 14.6% 44.8% 38.88%

ARKK - Holdings

Concentration Analysis

ARKK Category Low Category High ARKK % Rank
Net Assets 8.21 B 1.94 M 84.5 B 11.98%
Number of Holdings 35 25 3644 93.47%
Net Assets in Top 10 4.58 B 319 K 8.39 B 6.72%
Weighting of Top 10 61.06% 0.4% 99.9% 7.44%

Top 10 Holdings

  1. Coinbase Global Inc 8.94%
  2. Tesla Inc 7.99%
  3. Roku Inc 7.83%
  4. Zoom Video Communications Inc 6.94%
  5. UiPath Inc 6.47%
  6. Block Inc 6.32%
  7. CRISPR Therapeutics AG 5.02%
  8. ROBLOX Corp 4.22%
  9. Shopify Inc 3.67%
  10. Twilio Inc 3.64%

Asset Allocation

Weighting Return Low Return High ARKK % Rank
Stocks
100.15% 0.92% 101.49% 3.27%
Preferred Stocks
0.00% 0.00% 5.46% 92.56%
Other
0.00% -0.18% 16.96% 90.02%
Convertible Bonds
0.00% 0.00% 0.40% 92.20%
Cash
0.00% 0.00% 99.08% 99.46%
Bonds
0.00% -3.27% 1.87% 92.01%

Stock Sector Breakdown

Weighting Return Low Return High ARKK % Rank
Technology
37.77% 0.04% 62.17% 16.70%
Healthcare
33.08% 0.00% 37.06% 1.81%
Communication Services
16.15% 0.00% 18.33% 2.00%
Consumer Cyclical
11.46% 0.00% 57.41% 72.05%
Industrials
0.87% 0.00% 38.23% 97.82%
Consumer Defense
0.67% 0.00% 16.40% 74.95%
Utilities
0.00% 0.00% 12.94% 94.19%
Real Estate
0.00% 0.00% 19.28% 96.91%
Financial Services
0.00% 0.00% 43.01% 98.91%
Energy
0.00% 0.00% 62.10% 96.01%
Basic Materials
0.00% 0.00% 17.25% 98.55%

Stock Geographic Breakdown

Weighting Return Low Return High ARKK % Rank
US
100.15% 0.64% 101.49% 2.54%
Non US
0.00% 0.00% 34.81% 94.92%

ARKK - Expenses

Operational Fees

ARKK Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.75% 0.02% 17.54% 84.12%
Management Fee 0.75% 0.00% 1.50% 64.00%
12b-1 Fee 0.00% 0.00% 1.00% 21.17%
Administrative Fee N/A 0.00% 0.40% N/A

Sales Fees

ARKK Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

ARKK 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.

ARKK Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 250.31% 83.53%

ARKK - Distributions

Dividend Yield Analysis

ARKK Category Low Category High ARKK % Rank
Dividend Yield 0.00% 0.00% 32.46% 9.80%

Dividend Distribution Analysis

ARKK Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually SemiAnnual Annual

Net Income Ratio Analysis

ARKK Category Low Category High ARKK % Rank
Net Income Ratio -0.63% -2.24% 2.75% 53.04%

Capital Gain Distribution Analysis

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

Distributions History

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ARKK - Fund Manager Analysis

Managers

Catherine Wood


Start Date

Tenure

Tenure Rank

Oct 30, 2014

7.59

7.6%

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 36.3 9.23 2.25