September Fund mARKet Update

Please enjoy ARK’s September Fund mARKet Update. In this month, Cathie Wood and the ARK team discuss why the Industrial Revolution, not the 1970s, is the right comparison for today, a coming yield curve inversion that signals a deflationary boom rather than a recession, private credit and private equity as the weakest link in the global economy, Anthropic’s annualized run rate scaling from $9 billion in December to $65 billion in July, why AI extinction rhetoric is just another brick in the wall of worry, the arrival of agentic consumer products with Meta’s Muse and SpaceX’s Grok Bot, Cerebras running OpenAI’s 5.6 Sol model 14 times faster and the willingness to pay up for speed, new ARK Venture Fund names including K2 Space, Cosm, Wayve, and The Boring Company, Tesla’s first million unsupervised miles and what the Cybercab does to cost per mile, Archer’s pivot toward a $100 billion defense opportunity, and the first individualized cancer vaccine to clear Phase 3.

ARK publishes a brand new webinar every month. Investors are encouraged to submit questions ahead of the recording of each webinar on Twitter by mentioning our Funds account @ARK_Funds.

For a full list of holdings and fund details, click here.

For standardized performance as of June 30, 2026, please click here.

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal will fluctuate so that an investor’s shares when redeemed may be worth more or less than the original cost. For the Fund’s most recent month end performance, please visit www.ark-funds.com or call1-800-679-7759.