Schedule of Investments 

ARK Fintech Innovation ETF

April 30, 2022 (Unaudited)

Investments	Shares		Value
COMMON STOCKS–99.3%
Banks - 6.5%
NU Holdings Ltd., Class A (Brazil)*		3,238,438	$	19,463,012
Silvergate Capital Corp., Class A*		437,725		51,196,316
TCS Group Holding PLC, Class Reg S (Russia)*(a)		607,059		6,071
Total Banks				70,665,399
Capital Markets - 14.2%
Coinbase Global, Inc., Class A*		834,679		94,076,670
Intercontinental Exchange, Inc.		116,078		13,442,993
Robinhood Markets, Inc., Class A*		4,702,938		46,112,307
Total Capital Markets				153,631,970
Consumer Finance - 1.2%
Kaspi.KZ JSC (Kazakhstan)(a)		206,540		13,425,100
Entertainment - 4.6%
Sea Ltd. (Taiwan)*(b)		598,651		49,544,357
Health Care Technology - 2.8%
Teladoc Health, Inc.*		898,202		30,323,300
Hotels Restaurants & Leisure - 2.9%
DraftKings, Inc., Class A*		2,270,295		31,057,636
Insurance - 4.9%
Discovery Ltd. (South Africa)*		5,497,666		53,004,567
Interactive Media & Services - 2.9%
Twitter, Inc.*		293,677		14,396,046
Z Holdings Corp. (Japan)		4,447,684		17,636,511
Total Interactive Media & Services				32,032,557
Internet & Direct Marketing Retail - 10.4%
Etsy, Inc.*		114,919		10,709,302
Farfetch Ltd., Class A (United Kingdom)*		718,598		8,048,297
Global-e Online Ltd. (Israel)*		642,293		14,477,284
JD.com, Inc. (China)*(b)		348,309		21,476,733
MercadoLibre, Inc. (Brazil)*		59,419		57,852,121
Total Internet & Direct Marketing Retail				112,563,737
IT Services - 36.3%
Adyen NV (Netherlands)*(c)		29,422		50,375,991
Block, Inc.*		1,229,874		122,421,658
Shopify, Inc., Class A (Canada)*		212,106		90,531,083
StoneCo Ltd., Class A (Brazil)*		2,603,693		24,526,788
Toast, Inc., Class A*		1,430,087		26,642,521
Twilio, Inc., Class A*		713,340		79,765,679
Total IT Services				394,263,720
Real Estate Management & Development - 3.7%
Zillow Group, Inc., Class C*		1,016,789		40,488,538
Software - 8.9%
Bill.com Holdings, Inc.*		153,431		26,192,206
Intuit, Inc.		36,749		15,388,644
UiPath, Inc., Class A*		3,078,464		54,889,013
Total Software				96,469,863
Total Common Stocks
(Cost $2,378,984,841)				1,077,470,744
MONEY MARKET FUND–0.2%
Dreyfus Government Cash Management Fund, Institutional Shares, 0.24% (d)
(Cost $2,055,121)		2,055,121		2,055,121
Total Investments–99.5%
(Cost $2,381,039,962)			$	1,079,525,865
Other Assets in Excess of Liabilities–0.5%				4,895,848
Net Assets–100.0%			$	1,084,421,713

Schedule of Investments (continued) 

ARK Fintech Innovation ETF

April 30, 2022 (Unaudited)

*	Non-income producing security
(a)	Global Depositary Receipt
(b)	American Depositary Receipt
(c)	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.
(d)	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 Fintech Innovation ETF	Level 1		Level 2		Level 3		Total
Assets
Common Stocks‡	$	1,077,464,673	$	6,071	$	–	$	1,077,470,744
Money Market Fund		2,055,121		–		–		2,055,121
Total	$	1,079,519,794	$	6,071	$	–	$	1,079,525,865

‡ Please refer to the Schedule of Investments to view securities segregated by industry type.