ARKF

ARK Fintech Innovation ETF

ARKF is an actively managed Exchange Traded Fund (ETF) that seeks long-term growth of capital by investing in companies engaged in financial technology innovation.


Active, Concentrated

MANAGEMENT MATRIX

ARKW

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorARK
CategoryGlobal Equities
Asset classEquity
Websitelink...
Inception dateFeb 01, 2019
Assets (mns)$1,082
Expense ratio75 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionProprietary
WeightingProprietary
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
COINBASE GLOBAL, INC. CLASS A 11.9 %
BLOCK INC. 9.2 %
SHOPIFY, INC. CLASS A 7.8 %
DRAFTKINGS INC CLASS A 6.9 %
UIPATH INC CLASS A 5.8 %
ADYEN NV 5.3 %
ROBINHOOD MARKETS, INC. CLASS A 5.1 %
MERCADOLIBRE INC 3.6 %
TWILIO, INC. CLASS A 3.6 %
TOAST, INC. CLASS A 3.5 %
Constituent Breakdown
Number of holdings29
Herfindahl-Hirschman Index 548
Wgt avg mkt cap (mns)$62,444
Large cap (>$10bn)77.0%
Mid cap ($2-10bn)23.0%
Small cap (<$2bn)0.0%
Developed mkts.91.9%
Emerging mkts.8.1%
Country Exposure
UNITED STATES 69.9 %
CANADA 7.8 %
NETHERLANDS 5.3 %
ARGENTINA 3.6 %
ISRAEL 3.5 %
BRAZIL 2.6 %
SOUTH AFRICA 2.3 %
CAYMAN ISLANDS 2.1 %
KAZAKHSTAN 1.6 %
JAPAN 1.4 %
Historical Performance


Standardized Annual Returns (as of 02/29/2024)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
0.0% 30.7% -11.9% -24.8% -- -- 2.4%
Market Correlations
versus...BetaR-squared
S&P 5001.9258%
MSCI EAFE1.7143%
MSCI Emg Mkts1.5035%
Liquidity Measures
Avg. volume (000)569
Turnover1.5%
Avg. Bid/Ask (% of price)0.05%
ADV of underlying (mns)$44,363
Technical Indicators
Recent close$28.68
30d moving avg.$22.97
Annualized volatility44.8%
Relative strength (RSI)83
Short interest (ETF)2.7%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: ARKF vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
4.2 57.5 3.7 0.2% --
Based on closing prices from 2/29/2024
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SHOWING:
Price-to-Earnings
ARKF



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

ARKF

-2.3%

Cat. Avg

3.8%

Fund Category: Global Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™-2.3%
Recommendation

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.

Category Overview
There are 341 funds in the Global Equities category, with an average ALTAR Score™ of 3.8% and a standard deviation of 4.7%. ARKF's ALTAR Score™ is approximately 1.3 standard deviations below the category average. This places ARKF in the 10st percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
ARKF
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
ARKF 75.0 5.1 80.1
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.