ARK Investment Management Launches ARK Space Exploration & Innovation (ARKX) ETF on Cboe BZX Exchange

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NEW YORK, March 29, 2021 /PRNewswire/ — ARK Investment Management LLC (“ARK” or “ARK Invest”), a New York-, an investment advisor based solely on thematic investing in disruptive innovation, is pleased to announce the launch of its new actively managed exchange-traded fund (ETF), the ARK Space Exploration & Innovation ETF (ARKX ) on the Cboe BZX Exchange, effective from tuesday march 30and2021.

ARKX provides exposure to domestic and foreign equity securities of companies committed to the Fund’s investment theme of space exploration and innovation. ARK defines “Space Exploration” as conducting, enabling or benefiting from technologically enabled products and/or services that occur beyond the surface of the Earth. ARK believes that companies related to space exploration can be grouped into four main categories, each containing relevant sub-components: orbital aerospace companies; suborbital aerospace companies; enabling technology companies; and the beneficiary aerospace companies.

“We believe the space industry is ready to take off,” said ARK’s Founder, CEO and Chief Investment Officer, Cathy Wood. “Thanks to advances in deep learning, mobile connectivity, sensors, 3D printing and robotics, costs that have skyrocketed for decades are starting to come down. As a result, the number of satellite launches and rocket landings proliferates.We believe that the revenue opportunity from orbital aerospace alone – including satellite connectivity and hypersonic flight – will exceed $370 billion annually.”1

“We are extremely proud to partner with ARK to bring their latest game-changing ETF to market,” said Laura Morrison, Senior Vice President and Global Head of Listings at Cboe Global Markets. “As ARK continues to drive the next wave of innovative investments forward, Cboe remains committed to providing them with the best listing services and market quality in our ETP marketplace to support their continued success.”

1 ARK estimates satellite broadband revenues could approach $100 billion annually over the next five to ten years. Hypersonic point-to-point travel could add another $270 billion in revenue annually.

About ARK Investment Management LLC
Based at New York CityARK Investment Management LLC is a federally registered investment adviser and private investment firm with $58.2 billion assets under management at December 31, 2020. Specializing in thematic investing in disruptive innovation, the firm draws on over 40 years of experience identifying and investing in innovations that are set to change the way the world works. Through its open search process, ARK identifies companies it believes are leading and benefiting from cross-industry innovations such as robotics, energy storage, DNA sequencing, artificial intelligence and blockchain technology. ARK’s investment strategies include: Autonomous Technology and Robotics, Next Generation Internet, Genome Revolution, Fintech Innovation, Space Exploration and Innovation, 3D Printing, Innovative Technology of Israel and ARK’s global disruptive innovation strategy.

For more information on ARK funds, please visit http://www.ark-funds.com.

For more information on ARK’s research and advisory services, please visit http://www.ark-invest.com.

Distributor: Foreside Fund Services, LLC

The fund is effective from 03/29/21 but not yet operational before 03/30/21.

Before investing, you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information can be found in the Prospectus and the Simplified Prospectus, a copy of which can be obtained by visiting www.ark-funds.com. Please read the prospectus carefully before investing.

Companies that ARK believes capitalize on disruptive innovation and develop technologies to replace older technologies or create new markets may not actually do so. Companies that initially develop new technology may not be able to capitalize on the technology. These companies may also be exposed to risks applicable to sectors other than the disruptive innovation theme for which they are chosen, and the securities issued by these companies may underperform the securities of other companies mainly focused on a particular theme.

The main risks of investing in ARKX: Equity risk. The value of the equity securities held by the Fund may fall due to general market and economic conditions. Foreign Securities Risk. Investments in the securities of foreign issuers involve risks beyond those associated with investments in US securities. These risks are greater in emerging markets. Industrial sector risk. The industrial sector includes companies engaged in aerospace and defense, electrical engineering, machinery, and professional services. Companies in the industry sector may be adversely affected by changes in government regulations, world events and economic conditions. In addition, companies in the industrial sector can be negatively affected by environmental damage, product liability claims and currency exchange rates. Information technology sector risk. The information technology sector includes companies engaged in software and Internet services, technological hardware and storage devices, instruments and components of electronic equipment, as well as semiconductors and semiconductor equipment. drivers. Information technology companies face intense competition, have limited product lines, markets, financial resources or personnel, face rapid product obsolescence, are highly dependent on intellectual property and loss of patent, copyright and trademark protection can negatively affect the profitability of these companies. Risk related to aerospace and defense companies. Companies in the aerospace and defense industry are highly dependent on demand from the U.S. government (and others) for their products and services and can be significantly affected by changes in government regulations and spending, as well only by economic conditions, industry consolidation and other disasters. Special purpose acquisition companies (SPACS) risk. The Fund may invest in shares, equity warrants and other equity interests in SPACs or similar special purpose entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. There can be no assurance that the ETF will achieve its investment objective. The ETF’s portfolio is more volatile than the general market average.

Definitions of the four global categories of space exploration companies: Orbital aerospace companies are companies that launch, manufacture, maintain or operate platforms in orbital space, including satellites and launch vehicles. Suborbital aerospace companies are companies that launch, manufacture, maintain or operate platforms in suborbital space, but do not reach the speed necessary to stay in orbit around a planet. Enabling Technology Companies are companies that develop technologies used by space exploration-related businesses for successful value-added aerospace operations. These operations include artificial intelligence, robotics, 3D printing, materials and energy storage. Beneficiary aerospace companies are companies whose operations are likely to benefit from aerospace activities, including agriculture, internet access, global positioning system (GPS), construction, imaging, drones, air taxis and vehicles electrical aeronautics.

Investing involves risks, a loss of capital is possible. ARKX shares are bought and sold at market price (not net asset value) and are not individually redeemed by the ETF. ETF shares may only be redeemed directly from the ETF at net asset value by Authorized Participants, in very large creation units. There can be no assurance that an active trading market for ETF shares will develop or be sustained, or that their listing will continue or remain unchanged. Buying or selling ETF shares on an exchange may require the payment of brokerage commissions and frequent trading may result in brokerage fees which significantly affect investment returns.

Contact: Shaina Tavares(517) 652-1296, [email protected]

SOURCE ARK Investment Management LLC

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