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Please read this page before proceeding, as it explains certain restrictions imposed by law on the distribution of this information and the countries in which the funds are authorized for sale. By proceeding, you are confirming you understand that ARK Investment Management LLC or its affiliates (collectively, “ARK”), makes no representation that the content of the website is appropriate for use in all locations, or that the transactions, securities, products, instruments or services discussed at this website are available or appropriate for sale or use in all jurisdictions or countries, or by all investors or counterparties.

This section of the website is operated by ARK, and is only directed at U.S. investors or those otherwise authorized to conduct investment business in the U.S. Persons resident in territories other than the United States should not access this website.

It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction. Certain of the funds and advisory products and services referenced on this website may be managed or offered/provided by affiliates of ARK. Additionally, certain of the funds described in the following pages may be marketed in certain jurisdictions only. Any entity forwarding the material or information contained on this website, which is produced by ARK in the United States, to other parties takes full responsibility for ensuring compliance with applicable securities laws in connection with its distribution.

This website only includes information on those funds that are registered for sale in the United States.

By accessing this website, you are confirming that you agree to the Terms and Conditions of this website and that you are resident in the United States or those otherwise authorized to conduct investment business in the U.S.

The contents of this website have been prepared for informational purposes only without regard to the investment objectives, financial situation, or means of any particular person or entity, and ARK is not soliciting any action based upon them. No information included on this website is to be construed as investment advice or as a recommendation or a representation about the suitability or appropriateness of any fund; or an offer to buy or sell, or the solicitation of an offer to buy or sell, any security, financial product, or instrument; or to participate in any particular trading strategy. ARK recommends that you seek independent financial and tax advice before making any investment decisions. Investment in any of the funds described in this website should only be made on the basis of the terms and conditions of the most recent applicable offering documents (including any relevant supplements).

All material has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. Some of the content on this website may contain certain statements that may be deemed forward-looking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected. From time to time, ARK may also make additional features available to users on this website on such terms and conditions as may be set forth in a modification to this Agreement or otherwise on the ARK website.

The ARK ETF Trust Thematic Actively Managed ETF’s are distributed by Foreside Fund Services, LLC (“Foreside“), which is not affiliated with ARK Investment Management LLC. Check the background of Foreside on FINRA’s BrokerCheck.

You should carefully consider the investment objective, risks, charges and expenses of a Fund before investing. A Fund’s prospectus and summary prospectus contain this and other important information about a Fund, which can be obtained by clicking the corresponding link or dialing the indicated phone number herein. Please read the appropriate prospectus carefully before investing.


You should be aware that past performance is not a reliable indicator of future performance. Please note that the price of units or shares and the income from them can fall as well as rise and you may not get back the amount originally invested. Income receivable may vary from the amount of income projected at the time of making the investment.

Exchange rate fluctuations may affect the value of an investment and any income derived from it.

If you exercise any right to redeem, you may not get back the amount initially invested if the unit or share price has fallen since you invested. Deductions for charges and expenses, particularly the initial charge (if any), are not made uniformly throughout the life of the investment, so if you redeem out of the investment during the early years, you may not get back the amount invested.

There can be no guarantee that the tax position or proposed tax position prevailing at the time of an investment will not change. Dividends and capital gains on securities issued in the relevant funds may be subject to withholding taxes imposed by the countries in which each particular fund invests.

The offering documents for the investment funds contain important information summarizing the relevant risk factors pertaining to the investment or relevant funds. Please note, however, that no summary of risk factors is exhaustive, and there may be other risks that could affect your investment. For your own benefit and protection you should read the most recent offering documents (including any relevant supplements) carefully before investing. If you do not understand any point please ask for further information.

The information provided on this website is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation, or which would subject any of the funds described herein, ARK (including its affiliates) or any of their products or services to any registration, licensing or other authorization requirement within such jurisdiction or country. Nothing on this website shall be considered a solicitation to buy or sell a security, product or service (including advisory service) to any person.


ARK does not recommend or endorse and accepts no responsibility for the content of any website not operated by ARK which you may visit by following a link from this website. You acknowledge and agree that neither ARK nor any of its affiliates is responsible for the availability of such third-party websites or resources, does not endorse, approve, investigate or verify, and is not responsible or liable for any content, advertising, products, or other materials on or available from such websites or resources. You further agree that neither ARK nor any of its affiliates shall be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any such content, products or services available on such external websites or resources. These links are provided as a convenience and solely for informational purposes. ARK is not making any recommendation to invest in, purchase, or sell any securities or other products or services offered on the linked websites, nor has ARK sought to verify or confirm the information contained in the linked websites. Accordingly, ARK disclaims any responsibility for the linked websites.

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Understanding ETFs

We believe Exchange Traded Funds (ETFs) can provide an efficient and simple way to invest in different segments of our economy. For example, most of ARK’s ETFs are designed to give investors access to areas of disruptive innovation and aim to provide long-term growth of capital.

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ETFs are listed on various exchanges. For instance, U.S. exchanges include the New York Stock Exchange (NYSE), Chicago Board Options Exchange (Cboe), and Nasdaq.

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While there are differences, ETFs act similar to stocks when traded. Investors can buy and sell ETF shares during market hours, like trading shares of a public company.

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An ETF is a portfolio of securities, much like a mutual fund. ETFs can be based on an existing index or a unique mixture of stocks that can change daily.

How Are ETFs Different?

General ETF Comparison Table

ETFsStockMutual Funds
Low Expenses
Low Minimum Investments
Can Use Limit Order

The information on this site is for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy, or investment product. Benefits may vary from fund to fund. Diversification may not protect against market risk. This material is not intended to be tax advice. The tax consequences of dividend distributions may vary by individual taxpayer. Please consult your tax professional or financial adviser for more information concerning your specific situation. Investors should carefully consider the investment objectives, risks, and expenses of any investment solution before investing.

General Fee Structure Table

ETFsStockMutual Funds
12b-1 Fee

Load In/ Out Fees

Management Fee

Transfer Agency Fee

Brokerage Fee

The information on this site is for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy, or investment product. Fee structure may vary from fund to fund and additional fund or management fees may apply. Investors in individual stocks or bonds do not bear management fees associated with ETFs or mutual funds. Please consult your tax professional or financial adviser for more information concerning your specific situation. Investors should carefully consider the investment objectives, risks, and expenses of any investment solution before investing.

What Are The Benefits Of ETFs?

An Exchange Traded Fund (ETF) allows investors to buy and sell an entire basket of securities with a single transaction and can provide the following benefits:


ETFs possess two types of liquidity, making them relatively more liquid. First, ETF shares are bought and sold similar to a stock on an exchange, making it simple for investors to trade. Second, ETFs possess underlying liquidity due to their unique creation and redemption process, so low trading volume should generally not impact an investor’s ability to trade the ETF during market hours.


Most ETFs disclose their holdings daily. Passive ETF holdings should reflect the index to which they are tethered. Active ETFs are similarly transparent and required by the SEC to disclose the holdings every day. Mutual funds are not required to disclose their holdings daily. Stocks are naturally transparent as a single security.


ETFs are packaged and sold as a unique collection of securities. Holding one ETF could offer an investor exposure to several if not hundreds of securities instead of just buying and selling individual stocks and bonds.

Tax Efficiency

The ETF creation and redemption process, which uses in-kind transfers of securities, makes index ETFs relatively more tax efficient when compared to mutual funds and stocks. Mutual funds are taxed when a manager sells securities within the fund, distributing a capital gain or loss to all mutual fund investors.

Low Cost

Based on ARK's research, ETF expense ratios generally are lower than mutual funds. Compared to buying single stocks, mutual fund and ETF investors bear their pro-rata share of the fund’s brokerage cost.

How Does The ETF Creation And Redemption Process Work?

Most of an ETF’s liquidity comes from its underlying securities due to its unique creation and redemption process. Demand for stocks in the underlying portfolio drives the price. The supply of ETF shares is not fixed and can expand or contract daily. Thus, large orders are either filled with outstanding shares or, when necessary, by creating or redeeming ETF shares.

  1. The ETF provider publishes a list of holdings (Creation Basket)
  2. The Authorized Participant (AP) delivers cash or buys and delivers the basket of securities to the ETF provider.
  3. Once the ETF provider receives the cash or basket of securities, the provider exchanges a block of the equally valued ETF shares with the AP, called a creation unit. (Usually formed in blocks of 50,000 shares)
  4. The AP sells the ETF shares to investors on the stock exchange at market value.

Active vs. Index ETFs

ETFs can be actively managed or seek to provide investment results that correspond closely to a benchmark index. ARK is known for its active management and the majority of our ETFs are actively managed.

Active ETF

Active ETF management is based on research and the portfolio manager’s discretion within the investment policies of the ETF, similar to an active mutual fund. Because the portfolio manager is picking stocks based on research, actively managed funds are not attempting to match or track the performance of a given index.

Index ETF

Index ETFs—sometimes called Passive ETFs—are tethered to an underlying index (i.e., S&P 500 or Dow Jones Industrial Average). An Index ETF aims to match the performance of a given benchmark index and is therefore "passively managed." Generally, fund managers only change the asset allocation when changes occur in the underlying index (i.e., quarterly rebalancing).