Investing in innovation from early stage through mega cap
The ARK Venture Fund seeks to democratize venture capital, offering all investors access to what we believe are the most innovative companies throughout their private and public market lifecycles.
Before investing you should carefully consider the fund’s investment objectives, risks, charges and expenses. This and other information is in the prospectus, a copy of which may be obtained here. Please read the prospectus carefully before you invest.
| Cumulative Performance | Annualized Performance | ||||||
|---|---|---|---|---|---|---|---|
| 1MO | 3MO | YTD | 1YR | 3YR | 5YR | Since Inception | |
| ARK Venture Fund (ARKVX) | -3.79% | -4.34% | -4.34% | 34.68% | - | - | 21.47% |
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal will fluctuate so that an investor’s shares when redeemed may be worth more or less than the original cost. The Fund’s most recent month-end performance can be found in the fund material section. Returns for less than one year are not annualized. The net asset value (NAV) per Share for the Fund is computed by dividing the value of the net assets of the Fund (i.e., the value of its total assets less total liabilities) by the total number of Shares outstanding. Expenses and fees, including the Management Fee, are accrued daily and taken into account for purposes of determining NAV. The NAV of the Fund is determined each business day as of the close of trading (ordinarily 4:00 p.m., Eastern time) on the New York Stock Exchange. Any assets or liabilities denominated in currencies other than the U.S. dollar are converted into U.S. dollars at the current market rates on the date of valuation as quoted by one or more sources.
| Name | Ticker | Weight (%) |
|---|---|---|
| Epic Games, Inc | Private Company | 8.21% |
| Freenome, Inc | Private Company | 6.54% |
| Relation Therapeutics Inc. | Private Company | 6.16% |
| Blackdaemon Inc. | Private Company | 6.12% |
| Anthropic, Inc. | Private Company | 5.49% |
| Figure AI Inc. | Private Company | 5.14% |
| Discord Inc. | Private Company | 5.14% |
| Space Investment | Private Company | 4.74% |
| Shield AI | Private Company | 4.29% |
| Databricks, Inc. | Private Company | 4.24% |
|
Geographical Region
|
Weight
% of Market Value
|
| North America |
98.52%
|
| Western Europe |
1.02%
|
| Eastern Europe |
0.46%
|
|
Market Capitalization
|
Weight
% of Market Value
|
| Mega ($100B+) |
6.81%
|
| Large ($10 - $100B) |
31.03%
|
| Medium ($2 - $10B) |
23.42%
|
| Small ($300M - $2B) |
22.62%
|
| Micro ($50 - $300M) |
16.11%
|
|
Private/Public
|
Weight
% of Market Value
|
| Private |
79.38%
|
| Public |
20.62%
|
Portfolio holdings and allocations are subject to change and should not be considered investment advice or a recommendation to buy, sell or hold any particular security.
As of March 31, 2023, the ARK Venture Fund will have reduced expenses thanks to its Expense Limitation Agreement with ARK Investment Management LLC, the Fund’s investment adviser (the “Adviser”). This means that the fund’s management fee and operating expenses may be waived or reimbursed by the Adviser if they exceed 2.90%, which will result in lower expenses for the Fund. Additionally, the Adviser has agreed to voluntarily reimburse the Fund money to ensure that all existing investors will also benefit from reduced Fund expenses. Finally, the Fund’s Distribution and Service Plan has been amended to reduce the compensation paid to the Distributor.
We anticipate early-stage opportunities to represent 0-25% of the fund while late-stage private opportunities represent 50-80%.
Unlike traditional venture capital funds, our fund is open to investors regardless of accreditation or qualification. In addition, the Fund offers 5% liquidity on a quarterly basis, so investors are not locked up for longer periods like in traditional venture capital funds.
We believe our differentiated value proposition combined with our network of co-investors, public companies, founders, and academics provides access to the most promising private technology companies.
We believe our single 2.75% management fee is more cost-effective than traditional venture capital funds under the ”2 and 20” model (2% management fee, 20% carried interest).
We actively source deals from our network of co-investors, public companies, founders, and academics. Additionally, our Analysts identify potential investment targets.
Companies go through a rigorous due diligence process, including discussions with the company, reference calls, financial modeling and are being scored on ARK’s proprietary five scores, people management and culture, product leadership, barriers of entry, ability to execute and thesis risk.
Investors can request redemptions on a quarterly basis. Up to 5% of the Fund’s outstanding Shares can be redeemed every quarter.
The ARK Venture Fund is not currently available to international investors on the Titan platform. The fund continues to investigate platforms that can accommodate international investors. Please contact [email protected] for more information.
The ARK Venture Fund has the ability to hold public companies, and therefore can hold companies after initial public offering (IPO).
We believe all investors should have access to venture capital, cutting-edge research, impactful education, and a phenomenal user experience. Self-directed investors can download the SoFi or Titan app and get started today.
