| Investment Objective: |
ARK Space & Defense Innovation ETF is an actively-managed ETF that will invest under normal circumstances primarily in domestic and foreign equity securities of companies that are engaged in the Fund's investment theme of Space & Defense Innovation. In selecting companies that the Adviser believes are engaged in the theme of Space & Defense, the Adviser seeks to identify, using its own internal research and analysis, companies capitalizing on disruptive innovation. The Adviser will select investments for the Fund that represent the Adviser's highest-conviction investment ideas within the theme of Space & Defense, i.e., investment decisions regarded with confidence, in constructing the Fund's portfolio. The Adviser will analyze potential investments by using both "top down" information and "bottom up" criteria. In both the Adviser's "top down" and "bottom up" approaches, the Adviser evaluates environmental, social, and governance ("ESG") considerations. The fund invests in broad market cap companies. 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 may invest in ADR, GDR as well. |
