What happens if I buy when the fund is down?​

Buying an ARK Defined Innovation Exposure Term ETFs (ARK DIET) when it’s down during the outcome period can present a unique opportunity, but it also comes with trade-offs.

Here’s what happens: 

• The investment in ARK DIET can still experience downside and reflect losses of the reference asset, ARKK – the ARK Innovation ETF. However, it will still have buffered downside protection at 50% of losses. 
• The upside participation might still be intact, especially if the reference asset – ARKK - rebounds. 

This scenario requires careful evaluation of: 

• How much upside an investor could still capture 
• How much time remains in the outcome period. 

Buying when the fund is down may allow an investor to enter at a lower price, but the key is understanding where an investor is on the defined outcome curve at that moment. ARK provides visual tools and calculators to help investors see this in real time.