ARK Innovation ETF
Institutional Structure & Tax Specification
Statutory fund vehicle structure, benchmark mechanics, regulatory identifiers & taxation specifications
Open-Ended Fund (1940 Act)
Active Management (High Conviction)
Active
2014-10-31
Broad Disruptive Innovation Universe (Benchmark Agnostic)
Manager Conviction Weighted
Cross-Sector Disruptive Innovation Research
Quarterly / Periodic
Distributes (Annual Capital Gains / Dividend)
Qualified Dividends / Capital Gains
39.60%
20.00%
Capital Gains
US00214Q1040 · CEOJMS
ARK Investment Management LLC
Foreside Fund Services, LLC
Operational Governance & Primary Market Mechanics (S48-Phase 2)
Statutory Form 497K & N-CEN statutory disclosures: creation/redemption mechanics, securities lending & tax forms
Standard 1099-DIV qualified pass-through; no complex partnership tax filing
Portfolio collateral not rehypothecated to short sellers
100% direct physical equity replication; zero swap counterparty risk
Statutory Form N-PORT transparent reporting schedule
Standard block size for authorized participant (AP) primary creation
Active primary market arbitrage throughput
Massive AUM scale and daily dollar liquidity protect against liquidation
Fit vs. S&P 500 / Russell 3000 Growth Index
Ease of AP primary market arbitrage and basket creation
Annual NAV tracking variance vs benchmark index
SEC EDGAR & Regulatory Structure
Statutory filings and fund prospectuses