Fund Description: ARK Israel Innovative Technology ETF is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the Ark ETF Trust, an open-end investment management company. INVESTMENT OBJECTIVE: The ARK Israel Innovative Technology ETF seeks to provide investment returns that closely correspond to the price and yield performance of the ARK Israeli Innovation Index. INDEX DESCRIPTION: The ARK Israeli Innovation Index is designed to track the price movements of exchange listed Israeli Companies whose main business operations are causing disruptive innovation in the areas of genomics, health care, biotechnology, industrials, manufacturing, the Internet or information technology. The Index includes equity securities and depositary receipts of exchange listed companies that are incorporated and/or domiciled in Israel (Israeli Companies) and are included in one of the following economic sectors as defined by FactSet Research Systems: (i) health technology, (ii) communications, (iii) technology services, (iv) electronic technology, (v) consumer services, or (vi) producer manufacturing. Securities in the Index are equally weighted and weightings are rebalanced quarterly. FUND STRATEGY: The Fund normally invests at least 80% of its total assets in securities that are included in the Index, depositary receipts representing securities included in the Index or underlying stocks in respect of depositary receipts included in the Index. The Fund, using an indexing investment approach, attempts to approximate the investment performance of the Index by investing in a portfolio of securities that generally replicates the Index. The Fund generally will use a replication strategy. which is an indexing strategy that involves investing in the securities of the Index in approximately the same proportions as in the Index. However, the Fund may utilize a representative sampling strategy with respect to the Index when it might not be possible or practicable to purchase all of the securities of the Index in approximately the same proportions as in the Index. There also may be instances in which the Adviser may choose to underweight or overweight a security in the Index, purchase securities not in the Index that the Adviser believes are appropriate to substitute for certain securities in the Index or utilize various combinations of other available investment techniques in seeking to replicate as closely as possible the performance of the Index. The Fund may sell securities that are represented in the Index in anticipation of their removal from the Index or purchase securities not represented in the Index in anticipation of their addition to the Index. FUND MANAGEMENT: ARK Investment Management LLC serves as the investment adviser to the Fund.