Schedule of Investments
ARK Autonomous Technology & Robotics ETF
April 30, 2022 (Unaudited)
| Investments | Shares | Value | ||||||
| COMMON STOCKS–99.9% | ||||||||
| Aerospace & Defense - 18.6% | ||||||||
| AeroVironment, Inc.* | 782,398 | $ | 62,842,207 | |||||
| Archer Aviation, Inc., Class A*† | 8,604,062 | 39,664,726 | ||||||
| Elbit Systems Ltd. (Israel) | 151,392 | 32,453,903 | ||||||
| Kratos Defense & Security Solutions, Inc.*† | 6,667,624 | 101,147,856 | ||||||
| Lockheed Martin Corp. | 31,591 | 13,651,103 | ||||||
| Total Aerospace & Defense | 249,759,795 | |||||||
| Airlines - 4.1% | ||||||||
| Blade Air Mobility, Inc.*† | 6,312,109 | 54,347,259 | ||||||
| Auto Components - 1.8% | ||||||||
| Magna International, Inc. (Canada) | 398,474 | 24,016,028 | ||||||
| Automobiles - 15.9% | ||||||||
| BYD Co. Ltd. (China)(a) | 471,831 | 27,333,170 | ||||||
| Nio, Inc. (China)*(a) | 411,335 | 6,869,295 | ||||||
| Niu Technologies (China)*(a) | 2,511,826 | 23,987,938 | ||||||
| Tesla, Inc.* | 148,949 | 129,698,831 | ||||||
| XPeng, Inc., Class A (China)*(a) | 1,001,859 | 24,655,750 | ||||||
| Total Automobiles | 212,544,984 | |||||||
| Biotechnology - 0.0%(b) | ||||||||
| Organovo Holdings, Inc.* | 99,616 | 285,898 | ||||||
| Diversified Consumer Services - 0.5% | ||||||||
| 2U, Inc.* | 703,853 | 7,024,453 | ||||||
| Diversified Telecommunication - 4.6% | ||||||||
| Iridium Communications, Inc.* | 1,742,054 | 62,208,748 | ||||||
| Electronic Equipment, Instruments & Components - 9.0% | ||||||||
| Teledyne Technologies, Inc.* | 39,209 | 16,920,644 | ||||||
| Trimble, Inc.* | 1,554,715 | 103,699,491 | ||||||
| Total Electronic Equipment, Instruments & Components | 120,620,135 | |||||||
| Health Care Equipment & Services - 0.9% | ||||||||
| Intuitive Surgical, Inc.* | 47,484 | 11,362,921 | ||||||
| Household Durables - 1.1% | ||||||||
| Vuzix Corp.* | 2,735,214 | 14,141,056 | ||||||
| Interactive Media & Services - 3.7% | ||||||||
| Alphabet, Inc., Class C* | 12,032 | 27,665,539 | ||||||
| Baidu, Inc. (China)*(a) | 173,462 | 21,538,776 | ||||||
| Total Interactive Media & Services | 49,204,315 | |||||||
| Machinery - 17.3% | ||||||||
| Caterpillar, Inc. | 109,161 | 22,982,757 | ||||||
| Deere & Co. | 172,079 | 64,968,427 | ||||||
| Komatsu Ltd. (Japan)(a) | 2,871,371 | 64,763,773 | ||||||
| Markforged Holding Corp.*† | 10,465,336 | 35,686,796 | ||||||
| Proto Labs, Inc.* | 463,069 | 19,731,370 | ||||||
| Velo3D Inc.* | 6,782,359 | 23,738,256 | ||||||
| Total Machinery | 231,871,379 | |||||||
| Road & Rail - 2.3% | ||||||||
| TuSimple Holdings, Inc., Class A* | 3,005,173 | 31,163,644 | ||||||
| Semiconductors & Semiconductor Equipment - 2.9% | ||||||||
| Teradyne, Inc. | 366,270 | 38,626,834 | ||||||
| Software - 11.5% | ||||||||
| ANSYS, Inc.* | 54,211 | 14,945,430 | ||||||
| Materialise NV (Belgium)*(a) | 1,124,861 | 17,547,832 | ||||||
| Matterport, Inc.* | 523,720 | 3,006,153 | ||||||
| Synopsys, Inc.* | 55,263 | 15,848,876 | ||||||
| UiPath, Inc., Class A* | 3,924,762 | 69,978,506 | ||||||
| Unity Software, Inc.* | 484,921 | 32,203,604 | ||||||
| Total Software | 153,530,401 | |||||||
| Technology Hardware, Storage & Peripherals - 5.7% | ||||||||
| 3D Systems Corp.* | 3,104,866 | 35,209,181 | ||||||
| Nano Dimension Ltd. (Israel)*(a) | 7,404,268 | 21,028,121 | ||||||
| Stratasys Ltd.* | 1,030,619 | 19,983,702 | ||||||
| Total Technology Hardware, Storage & Peripherals | 76,221,004 | |||||||
| Total Common Stocks (Cost $2,093,584,446) | 1,336,928,854 | |||||||
| MONEY MARKET FUND–0.1% | ||||||||
| Dreyfus Government Cash Management Fund, Institutional Shares, 0.24% (c) (Cost $1,253,794) | 1,253,794 | 1,253,794 | ||||||
| Total Investments–100.0% (Cost $2,094,838,240) | 1,338,182,648 | |||||||
| Liabilities in Excess of Other Assets–(0.0)%(b) | (134,410 | ) | ||||||
| Net Assets–100.0% | $ | 1,338,048,238 | ||||||
Schedule of Investments (continued)
ARK Autonomous Technology & Robotics ETF
April 30, 2022 (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 ($) | Number
of Shares at 4/30/2022 | Value
($) at 4/30/2022 |
||||||||||||||||||||||||||
| Common Stocks — 19.0% | ||||||||||||||||||||||||||||||||||
| Aerospace & Defense — 10.5% | ||||||||||||||||||||||||||||||||||
| Archer Aviation, Inc. | ||||||||||||||||||||||||||||||||||
| 28,560,815 | 58,941,937 | (16,020,376 | ) | (1,562,622 | ) | (30,255,028 | ) | – | – | 8,604,062 | 39,664,726 | |||||||||||||||||||||||
| Kratos Defense & Security Solutions, Inc. | ||||||||||||||||||||||||||||||||||
| 192,932,864 | 56,505,655 | (59,186,852 | ) | (7,442,060 | ) | (81,661,751 | ) | – | – | 6,667,624 | 101,147,856 | |||||||||||||||||||||||
| Airlines — 4.1% | ||||||||||||||||||||||||||||||||||
| Blade Air Mobility, Inc. | ||||||||||||||||||||||||||||||||||
| 29,954,012 | 39,531,320 | (17,571,821 | ) | 989,752 | 1,443,996 | – | – | 6,312,109 | 54,347,259 | |||||||||||||||||||||||||
| Machinery — 4.4% | ||||||||||||||||||||||||||||||||||
| Markforged Holding Corp. | ||||||||||||||||||||||||||||||||||
| 28,017,642 | 83,135,492 | (19,771,072 | ) | (645,835 | ) | (55,049,431 | ) | – | – | 10,465,336 | 35,686,796 | |||||||||||||||||||||||
| Velo3D Inc. | ||||||||||||||||||||||||||||||||||
| 26,430,752 | 50,647,158 | (14,362,350 | ) | 646,795 | (39,624,099 | ) | – | – | – | – | ||||||||||||||||||||||||
| $ | 305,896,085 | $ | 288,761,562 | $ | (126,912,471 | ) | $ | (8,013,970 | ) | $ | (205,146,313 | ) | $ | – | $ | – | 32,049,131 | $ | 230,846,637 | |||||||||||||||
| † | Affiliated security |
| * | Non-income producing security |
| (a) | American Depositary Receipt |
| (b) | Less than 0.05% |
| (c) | Rate shown represents annualized 7-day yield as of April 30, 2022. |
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, 2022, based upon the three levels defined above:
| ARK Autonomous Technology & Robotics ETF | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Assets | ||||||||||||||||
| Common Stocks‡ | $ | 1,336,928,854 | $ | – | $ | – | $ | 1,336,928,854 | ||||||||
| Money Market Fund | 1,253,794 | – | – | 1,253,794 | ||||||||||||
| Total | $ | 1,338,182,648 | $ | – | $ | – | $ | 1,338,182,648 | ||||||||
| ‡ | Please refer to the Schedule of Investments to view securities segregated by industry type. |