ARKK is not a "fund of funds." Rather, it is our cornerstone fund combining all of our research and investment themes. The themes included in ARKK are focusing on "Genomic Revolution Companies", "Automation Transformation Companies", "Energy Transformation Companies", "Artificial Intelligence Companies", "Next Generation Internet Companies", or "FinTech Innovation Companies" as described in the prospectus. The thematic weights can vary and are not pre-defined.
Investors looking for broad exposure to innovation tend to gravitate towards ARKK. As stated in the prospectus, the other ARK ETFs offer more targeted exposure. While there is some overlap between the different funds, it is not uncommon for investors to own multiple ARK ETFs. Please consult an investment professional to decide which ETFs are best for your investment needs.