Schedule of Investments

ARK Autonomous Technology & Robotics ETF

October 31, 2020 (Unaudited)

Investments	Shares		Value
COMMON STOCKS–99.7%
Aerospace & Defense - 8.3%
AeroVironment, Inc.*		234,358	$	17,895,577
Elbit Systems Ltd. (Israel)		73,909		8,289,633
Kratos Defense & Security Solutions, Inc.*		1,286,972		24,310,901
Virgin Galactic Holdings, Inc.*		650,690		11,335,020
Total Aerospace & Defense				61,831,131
Auto Components - 1.8%
Workhorse Group, Inc.*		848,770		13,054,083
Automobiles - 15.3%
BYD Co. Ltd. (China)(a)		716,955		29,172,899
Niu Technologies (China)*(a)		427,274		11,224,488
Tesla, Inc.*		187,416		72,724,905
Total Automobiles				113,122,292
Biotechnology - 0.2%
Organovo Holdings, Inc.*		198,425		1,702,486
Diversified Telecommunication - 2.7%
Iridium Communications, Inc.*		746,859		19,724,546
Electrical Equipment - 1.0%
Rockwell Automation, Inc.		32,237		7,644,037
Electronic Equipment, Instruments & Components - 5.8%
FLIR Systems, Inc.		525,499		18,229,560
Trimble, Inc.*		520,563		25,054,697
Total Electronic Equipment, Instruments & Components				43,284,257
Health Care Equipment & Supplies - 1.4%
Intuitive Surgical, Inc.*		14,908		9,944,829
Industrial Conglomerates - 0.5%
Raven Industries, Inc.		156,204		3,423,992
Interactive Media & Services - 8.1%
Alphabet, Inc., Class C*		21,224		34,404,316
Baidu, Inc. (China)*(a)		124,978		16,628,323
Tencent Holdings Ltd. (China)(a)		119,507		9,123,165
Total Interactive Media & Services				60,155,804
Internet & Direct Marketing Retail - 5.3%
Amazon.com, Inc.*		3,629		11,018,188
JD.com, Inc. (China)*(a)		344,329		28,069,700
Total Internet & Direct Marketing Retail				39,087,888
Machinery - 14.2%
Caterpillar, Inc.		143,790		22,582,220
Deere & Co.		124,965		28,230,843
ExOne Co. (The)*†		1,003,858		10,088,773
Komatsu Ltd. (Japan)(a)		792,505		17,966,088
Proto Labs, Inc.*		228,586		26,991,435
Total Machinery				105,859,359
Semiconductors & Semiconductor Equipment - 12.0%
NVIDIA Corp.		16,713		8,379,230
NXP Semiconductors NV (Netherlands)		133,386		18,023,116
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan)(a)		209,391		17,561,623
Teradyne, Inc.		137,128		12,046,695
Xilinx, Inc.		278,949		33,108,457
Total Semiconductors & Semiconductor Equipment				89,119,121
Software - 18.4%
2U, Inc.*		1,209,050		44,553,493
ANSYS, Inc.*		24,693		7,515,808
Autodesk, Inc.*		25,890		6,098,131
Materialise NV (Belgium)*(a)		1,342,856		45,616,818
Splunk, Inc.*		88,186		17,464,356
Synopsys, Inc.*		71,461		15,282,649
Total Software				136,531,255
Technology Hardware, Storage & Peripherals - 4.7%
Apple, Inc.		66,687		7,259,547
Nano Dimension Ltd. (Israel)*†(a)		1,893,633		5,756,644
Stratasys Ltd.*		1,704,221		21,779,944
Total Technology Hardware, Storage & Peripherals				34,796,135
Total Common Stocks (Cost $624,746,169)				739,281,215
MONEY MARKET FUND–0.3%
Morgan Stanley Institutional Liquidity Fund - Government Portfolio, 0.02% (b) (Cost $2,534,710)		2,534,710		2,534,710
Total Investments–100.0% (Cost $627,280,879)				741,815,925
Liabilities in Excess of Other Assets–(0.0)%(c)				(​229,758	)
Net Assets–100.0%			$	741,586,167

Schedule of Investments (continued)
ARK Autonomous Technology & Robotics ETF

October 31, 2020 (Unaudited)

Affiliated Issuer Transactions
A summary of the Fund’s transactions with affiliated issuers during the period ended October 31, 2020 is as follows:
Value ($) at 7/31/2020	Purchases Cost ($)		Sales Proceeds ($)			Net Realized Gain/(Loss) ($)		Net Change in Unrealized Appreciation (Depreciation) ($)		Dividend Income ($)		Capital Gain Distributions ($)		Number of Shares at 10/31/2020		Value ($) at 10/31/2020
Common Stocks — 2.1%
Machinery — 1.3%
ExOne (The) Co.
7,142,895		2,428,561		(288,421	)		133,505		672,233		–		–		1,003,858		10,088,773
Technology Hardware, Storage & Peripherals — 0.8%
Nano Dimension Ltd.
304,389		4,940,966		(12,564	)		8,567		515,286		–		–		1,893,633		5,756,644
7,447,284		7,369,527		(300,985	)		142,072		1,187,519		–		–		2,897,491		15,845,417

†	Affiliated security
*	Non-income producing security
(a)	American Depositary Receipt
(b)	Rate shown represents annualized 7-day yield as of October 31, 2020.
(c)	Less than 0.05%

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 October 31, 2020, based upon the three levels defined above:

ARK Autonomous Technology & Robotics ETF	Level 1		Level 2		Level 3		Total
Assets
Common Stocks‡	$	739,281,215	$	–	$	–	$	739,281,215
Money Market Fund		2,534,710		–		–		2,534,710
Total	$	741,815,925	$	–	$	–	$	741,815,925

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