Schedule of Investments
ARK Space Exploration & Innovation ETF
October 31, 2021 (Unaudited)
Investments | Shares | Value | ||||||
COMMON STOCKS–91.7% | ||||||||
Aerospace & Defense - 27.9% | ||||||||
AeroVironment, Inc.* | 206,311 | $ | 18,384,373 | |||||
Airbus SE (France)* | 42,624 | 5,449,644 | ||||||
Archer Aviation, Inc., Class A* | 2,095,000 | 11,941,500 | ||||||
Boeing Co. (The)* | 11,795 | 2,441,919 | ||||||
Elbit Systems Ltd. (Israel) | 57,846 | 9,186,523 | ||||||
HEICO Corp. | 41,576 | 5,795,279 | ||||||
Kratos Defense & Security Solutions, Inc.* | 1,495,497 | 31,988,681 | ||||||
L3Harris Technologies, Inc. | 125,061 | 28,831,563 | ||||||
Lockheed Martin Corp. | 47,278 | 15,711,425 | ||||||
Spirit AeroSystems Holdings, Inc., Class A | 220,597 | 9,108,450 | ||||||
Thales SA (France) | 139,195 | 12,818,072 | ||||||
Total Aerospace & Defense | 151,657,429 | |||||||
Air Freight & Logistics - 3.9% | ||||||||
JD Logistics, Inc. (China)*(a) | 5,309,513 | 20,984,194 | ||||||
Airlines - 4.9% | ||||||||
Blade Air Mobility, Inc.* | 1,814,720 | 17,185,398 | ||||||
Joby Aviation, Inc.* | 1,079,151 | 9,367,031 | ||||||
Total Airlines | 26,552,429 | |||||||
Diversified Telecommunication - 5.0% | ||||||||
Iridium Communications, Inc.* | 676,150 | 27,417,882 | ||||||
Electronic Equipment, Instruments & Components - 10.5% | ||||||||
Teledyne Technologies, Inc.* | 11,084 | 4,979,155 | ||||||
Trimble, Inc.* | 595,387 | 52,018,962 | ||||||
Total Electronic Equipment, Instruments & Components | 56,998,117 | |||||||
Entertainment - 3.2% | ||||||||
Netflix, Inc.* | 24,870 | 17,168,010 | ||||||
Household Durables - 1.8% | ||||||||
Garmin Ltd. | 69,373 | 9,961,963 | ||||||
Industrial Conglomerates - 1.1% | ||||||||
Honeywell International, Inc. | 28,171 | 6,158,744 | ||||||
Interactive Media & Services - 1.8% | ||||||||
Alphabet, Inc., Class C* | 3,331 | 9,877,781 | ||||||
Internet & Direct Marketing Retail - 2.9% | ||||||||
Amazon.com, Inc.* | 4,596 | 15,499,688 | ||||||
Machinery - 10.7% | ||||||||
Deere & Co. | 32,142 | 11,002,528 | ||||||
Komatsu Ltd. (Japan) | 1,007,188 | 26,214,724 | ||||||
Markforged Holding Corp.* | 1,768,564 | 11,654,837 | ||||||
Velo3D, Inc.* | 933,117 | 9,601,774 | ||||||
Total Machinery | 58,473,863 | |||||||
Semiconductors & Semiconductor Equipment - 2.0% | ||||||||
NVIDIA Corp. | 472 | 120,676 | ||||||
Teradyne, Inc. | 78,997 | 10,920,546 | ||||||
Total Semiconductors & Semiconductor Equipment | 11,041,222 | |||||||
Software - 15.1% | ||||||||
ANSYS, Inc.* | 16,202 | 6,149,955 | ||||||
Dassault Systemes SE (France) | 294,467 | 17,149,584 | ||||||
Palantir Technologies, Inc., Class A* | 277,691 | 7,186,643 | ||||||
Synopsys, Inc.* | 17,054 | 5,682,052 | ||||||
UiPath, Inc., Class A* | 355,441 | 17,860,910 | ||||||
Unity Software, Inc.* | 188,069 | 28,456,720 | ||||||
Total Software | 82,485,864 | |||||||
Technology Hardware, Storage & Peripherals - 0.9% | ||||||||
3D Systems Corp.* | 179,510 | 5,055,002 | ||||||
Total Common Stocks (Cost $501,610,730) | 499,332,188 | |||||||
EXCHANGE - TRADED FUND–7.9% | ||||||||
Equity Fund - 7.9% | ||||||||
The 3D Printing ETF*† | ||||||||
(Cost $45,083,859) | 1,153,292 | 43,086,989 | ||||||
MONEY MARKET FUND–0.4% | ||||||||
Dreyfus Government Cash Management Fund, Institutional Shares, 0.03% (b) | ||||||||
(Cost $2,427,826) | 2,427,826 | 2,427,826 | ||||||
Total Investments–100.0% (Cost $549,122,415) | 544,847,003 | |||||||
Liabilities in Excess of Other Assets–(0.0)%(c) | (236,056 | ) | ||||||
Net Assets–100.0% | $ | 544,610,947 |
Schedule of Investments (continued)
ARK Space Exploration & Innovation ETF
October 31, 2021 (Unaudited)
Affiliated Issuer Transactions
A summary of the Fund’s period to date transactions with companies which are or were affiliated issuers during the period are as follows:
Value ($) at 7/31/2021 | Purchases Cost ($) | Sales Proceeds ($) | Net Realized Gain/(Loss) ($) | Net Change in Unrealized Appreciation (Depreciation) ($) | Dividend Income ($) | Capital Gain Distributions ($) | Number of Shares at 10/31/2021 | Value ($) at 10/31/2021 | ||||||||||||||||||||||||||
Exchange - Traded Fund — 7.9% | ||||||||||||||||||||||||||||||||||
Equity Fund — 7.9% | ||||||||||||||||||||||||||||||||||
The 3D Printing ETF | ||||||||||||||||||||||||||||||||||
$ | 41,642,604 | $ | 6,315,300 | $ | (4,183,574 | ) | $ | 112,843 | $ | (800,184 | ) | $ | – | $ | – | 1,153,292 | $ | 43,086,989 |
† | Affiliated security |
* | Non-income producing security |
(a) | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. |
(b) | Rate shown represents annualized 7-day yield as of October 31, 2021. |
(c) | Less than 0.05% |
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 October 31, 2021, based upon the three levels defined above: | ||||
ARK Space Exploration & Innovation ETF | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Assets | ||||||||||||||||
Common Stocks‡ | $ | 499,332,188 | $ | – | $ | – | $ | 499,332,188 | ||||||||
Exchange - Traded Fund | 43,086,989 | – | – | 43,086,989 | ||||||||||||
Money Market Fund | 2,427,826 | – | – | 2,427,826 | ||||||||||||
Total | $ | 544,847,003 | $ | – | $ | – | $ | 544,847,003 |
‡ | Please refer to the Schedule of Investments to view securities segregated by industry type. |