| NASDAQ (NMS) Exchange | US Country |
The fund is designed to engage in swap agreements with major global financial institutions, with durations ranging from a day to over a year. These agreements involve the exchange of returns or differentials in rates of return based on the performance of the ARK Innovation ETF. It operates with a non-diversified strategy, focusing on potentially maximizing returns from the ARK Innovation ETF through strategic swap agreements.
The fund creates agreements with major global financial institutions to exchange the returns or differences in rates of return on the ARK Innovation ETF. These swaps are tailored agreements that can range in duration from a single day to more than one year, providing flexible investment options designed to capitalize on the performance of the ARK Innovation ETF.
Unlike diversified funds that spread investments across a wide range of assets to mitigate risk, this fund focuses its strategy on leveraging swap agreements based on the performance of a single exchange-traded fund (ETF), the ARK Innovation ETF. This concentrated approach aims to offer potentially higher returns by leveraging the performance of the ETF through strategic financial derivatives.