Space and Exploration ETF (ARKX), started by ARK Invest firm (Cathie Wood) on 3/30/21, is an actively-managed exchange-traded fund (“ETF”) that will invest under normal circumstances primarily (at least 80% of its assets) in domestic and foreign equity securities of companies that are engaged in the Fund’s investment theme of Space Exploration and innovation. The Adviser defines “Space Exploration” as leading, enabling, or benefitting from technologically enabled products and/or services that occur beyond the surface of the Earth. This fund has an expense ratio of 0.75%.
Orbital Aerospace Companies are companies that launch, make, service, or operate platforms in the orbital space, including satellites and launch vehicles.
Suborbital Aerospace Companies are companies that launch, make, service, or operate platforms in the suborbital space, but do not reach a velocity needed to remain in orbit around a planet.
Enabling Technologies Companies are companies that develop technologies used by Space Exploration related companies for successful value-add aerospace operations. These operations include artificial intelligence, robotics, 3D printing, materials and energy storage.
Aerospace Beneficiary Companies are companies whose operations stand to benefit from aerospace activities, including agriculture, internet access, global positioning system (GPS), construction, imaging, drones, air taxis and electric aviation vehicles.
Top 10 Holdings
- TRIMBLE INC (TRMB) 8.60%
- THE 3D PRINTING ETF (PRNT) 6.08%
- KRATOS DEFENSE & SECURITY (KTOS) 5.75%
- L3HARRIS TECHNOLOGIES INC (LHX) 4.95%
- JD.COM INC-ADR (JD) 4.92%
- KOMATSU LTD (6301) 4.49%
- IRIDIUM COMMUNICATIONS INC (IRDM) 4.47%
- LOCKHEED MARTIN CORP (LMT) 4.40
- THALES SA (HO) 3.92%
- BOEING CO/THE (BA) 3.58%
Therefore, this new fund is best for investors who are interested of space related investments for growth.