Schedule of Investments
The ARK Israel Innovative Technology ETF
October 31, 2022 (Unaudited)
Investments | Shares | Value | ||||||
COMMON STOCKS–97.3% | ||||||||
Aerospace & Defense - 4.1% | ||||||||
Elbit Systems Ltd. (Israel) | 9,892 | $ | 2,002,167 | |||||
RADA Electronic Industries Ltd. (Israel)* | 197,947 | 2,276,391 | ||||||
Total Aerospace & Defense | 4,278,558 | |||||||
Biotechnology - 2.2% | ||||||||
UroGen Pharma Ltd.* | 193,474 | 2,292,667 | ||||||
Communications Equipment - 12.9% | ||||||||
AudioCodes Ltd. (Israel) | 106,226 | 2,140,454 | ||||||
Ceragon Networks Ltd. (Israel)* | 1,124,708 | 2,024,475 | ||||||
Gilat Satellite Networks Ltd. (Israel)* | 405,340 | 2,456,360 | ||||||
Ituran Location and Control Ltd. (Israel) | 90,635 | 2,173,427 | ||||||
Radware Ltd. (Israel)* | 92,263 | 2,123,894 | ||||||
Silicom Ltd. (Israel)* | 58,042 | 2,592,156 | ||||||
Total Communications Equipment | 13,510,766 | |||||||
Diversified Telecommunication - 2.0% | ||||||||
Bezeq The Israeli Telecommunication Corp. Ltd. (Israel) | 1,188,063 | 2,104,087 | ||||||
Entertainment - 1.9% | ||||||||
Playtika Holding Corp.* | 216,382 | 2,044,810 | ||||||
Health Care Equipment & Supplies - 4.6% | ||||||||
Inmode Ltd.* | 63,593 | 2,182,511 | ||||||
Nano-X Imaging Ltd. (Israel)* | 185,414 | 2,632,879 | ||||||
Total Health Care Equipment & Supplies | 4,815,390 | |||||||
Hotels, Restaurants & Leisure - 2.2% | ||||||||
Fattal Holdings 1998 Ltd. (Israel)* | 22,756 | 2,315,174 | ||||||
Interactive Media & Services - 2.0% | ||||||||
Taboola.com Ltd. (Israel)* | 1,161,860 | 2,044,874 | ||||||
Internet & Direct Marketing Retail - 2.2% | ||||||||
Fiverr International Ltd.* | 75,814 | 2,346,443 | ||||||
IT Services - 9.8% | ||||||||
HUB Cyber Security Israel Ltd. (Israel)* | 1,139,646 | 2,096,390 | ||||||
Malam - Team Ltd. (Israel) | 89,489 | 2,035,919 | ||||||
Matrix IT Ltd. (Israel) | 95,126 | 2,053,250 | ||||||
One Software Technologies Ltd. (Israel) | 136,826 | 1,895,440 | ||||||
Wix.com Ltd. (Israel)* | 26,021 | 2,188,366 | ||||||
Total IT Services | 10,269,365 | |||||||
Life Sciences Tools & Services - 2.2% | ||||||||
Compugen Ltd. (Israel)* | 2,368,008 | 2,253,870 | ||||||
Media - 2.0% | ||||||||
Perion Network Ltd. (Israel)* | 89,842 | 2,045,702 | ||||||
Pharmaceuticals - 4.1% | ||||||||
Taro Pharmaceutical Industries Ltd.* | 66,720 | 1,996,930 | ||||||
Teva Pharmaceutical Industries Ltd. (Israel)*(a) | 254,609 | 2,271,112 | ||||||
Total Pharmaceuticals | 4,268,042 | |||||||
Professional Services - 2.0% | ||||||||
Danel Adir Yeoshua Ltd. (Israel) | 18,082 | 2,098,066 | ||||||
Semiconductors & Semiconductor Equipment - 6.0% | ||||||||
Camtek Ltd. (Israel)* | 89,898 | 2,069,452 | ||||||
Nova Ltd. (Israel)* | 28,896 | 2,129,924 | ||||||
Tower Semiconductor Ltd. (Israel)* | 48,108 | 2,057,098 | ||||||
Total Semiconductors & Semiconductor Equipment | 6,256,474 | |||||||
Software - 31.0% | ||||||||
Allot Ltd. (Israel)* | 532,939 | 2,099,780 | ||||||
Cellebrite DI Ltd. (Japan)* | 464,165 | 2,241,917 | ||||||
Check Point Software Technologies Ltd. (Israel)* | 18,370 | 2,373,955 | ||||||
Cognyte Software Ltd. (Israel)* | 738,360 | 2,008,339 | ||||||
CyberArk Software Ltd.* | 13,786 | 2,163,161 | ||||||
Hilan Ltd. (Israel) | 38,778 | 2,032,428 | ||||||
ironSource Ltd., Class A (Israel)* | 624,807 | 2,018,127 | ||||||
JFrog Ltd. (Israel)* | 84,689 | 2,151,101 | ||||||
Magic Software Enterprises Ltd. (Israel) | 134,440 | 2,091,809 | ||||||
Monday.com Ltd.* | 21,544 | 2,303,915 | ||||||
Nice Ltd. (Israel)*(a) | 10,837 | 2,057,838 | ||||||
Riskified Ltd., Class A* | 515,045 | 2,291,950 | ||||||
Sapiens International Corp. NV (Israel) | 108,420 | 2,132,621 | ||||||
SimilarWeb Ltd. (Israel)* | 329,095 | 2,053,553 | ||||||
WalkMe Ltd. (Israel)* | 269,285 | 2,402,022 | ||||||
Total Software | 32,422,516 | |||||||
Technology Hardware, Storage & Peripherals - 2.1% | ||||||||
Stratasys Ltd.* | 152,078 | 2,200,569 | ||||||
Wireless Telecommunication Services - 4.0% | ||||||||
Cellcom Israel Ltd. (Israel)* | 420,772 | 2,110,082 | ||||||
Partner Communications Co. Ltd. (Israel)* | 273,859 | 2,065,442 | ||||||
Total Wireless Telecommunication Services | 4,175,524 | |||||||
Total Common Stocks (Cost $147,123,510) | 101,742,897 | |||||||
MONEY MARKET FUND–0.3% | ||||||||
Dreyfus Government Cash Management Fund, Institutional Shares, 2.91% (b) (Cost $266,984) | 266,984 | 266,984 | ||||||
Total Investments–97.6% (Cost $147,390,494) | 102,009,881 | |||||||
Other Assets in Excess of Liabilities–2.4% | 2,506,485 | |||||||
Net Assets–100.0% | $ | 104,516,366 |
* | Non-income producing security |
(a) | American Depositary Receipt |
(b) | Rate shown represents annualized 7-day yield as of October 31, 2022. |
Country | Value | % of Net Assets | ||||||
Israel | $ | 79,678,024 | 76.2 | % | ||||
Japan | 2,241,917 | 2.2 | ||||||
United States | 20,089,940 | 19.2 | ||||||
Total Investments | 102,009,881 | 97.6 | ||||||
Other Assets in Excess of Liabilities | 2,506,485 | 2.4 | ||||||
Net Assets | $ | 104,516,366 | 100.0 | % |
Schedule of Investments (continued)
The ARK Israel Innovative Technology ETF
October 31, 2022 (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 October 31, 2022, based upon the three levels defined above:
The ARK Israel Innovative Technology ETF | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Assets | ||||||||||||||||
Common Stocks‡ | $ | 101,742,897 | $ | – | $ | – | $ | 101,742,897 | ||||||||
Money Market Fund | 266,984 | – | – | 266,984 | ||||||||||||
Total | $ | 102,009,881 | $ | – | $ | – | $ | 102,009,881 |
‡ | Please refer to the Schedule of Investments to view securities segregated by industry type. |