Key Investor Information This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this fund. You are advised to read it so you can make an informed decision about whether to invest. Wahed S&P 500 Shariah UCITS ETF (USD) a sub-fund of Waystone ETF ICAV USD Acc (IE000QF8TEK7) This Fund is managed by Waystone Management Company (IE) Limited Objectives and Investment Policy Investment Objective the Fund. As such, the Index indirectly constrains the composition of the Fund's portfolio as the Fund will invest substantially all of its assets in securities that The Fund seeks to achieve long-term capital appreciation by investing primarily reference the performance of the Index. in a portfolio of U.S. equity securities. Investment PolicyFund Currency The base currency of the Fund is USD. The Fund is an exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing in equity securities (common stocks) of large- and mid- Subscription and Redemption capitalization U.S. companies the characteristics of which meet the requirements Shares may be subscribed for and redeemed on each day on which commercial of Shariah and are consistent with Islamic principles as interpreted by subject- banks, markets and exchanges are open for business in New York, London and matter experts (each, a "Shariah-compliant company"). While the Investment Dublin or such other day or days as the Directors may from time to time Manager seeks to invest the Fund's assets in securities similar to the componentsdetermine and notify in advance to Shareholders, by making an application of, and to achieve returns similar to those of, the Index, the Fund does not intend before 4:00 p.m. (Irish time) on the relevant Dealing Day. to track the Index. The Index, a data-driven index owned and maintained by S&P Dow Jones Income Indices, includes all Shariah-compliant constituents of the S&P 500, a leading The Fund is an accumulating fund and, therefore, it is not currently intended to benchmark for the U.S. equity market.distribute dividends to investors. The income and earnings and gains of the Fund will be accumulated and reinvested on behalf of investors. The Fund may invest without limit in issuers that are U.S. companies. Investment Horizon Benchmark This product is intended for investors who plan to stay invested for at least 5 The Fund is actively managed in reference to the S&P 500 Shariah Index (the year. "Index"). The Index is used to set the parameters for the investment strategy of Risk and Reward Profile Lower riskHigher riskto the loss of some or all of the sums invested in such securities or instruments or payments due on such securities or instruments (as well as any appreciation of Potentially lower reward Potentially higher reward sums invested in such securities). Currency Exchange Rates: Currency exchange rates may fluctuate significantly 1 2 3 45 6 7 over short periods of time causing, along with other factors, a Fund's Net Asset Value to fluctuate as well. To the extent that a substantial portion of a Fund's What does this Fund in this Category?total assets is denominated in the currencies of particular countries, the Fund will The risk category for this Fund has been classed as 6 and it has been calculated be more susceptible to the risk of adverse economic and political developments based on the historical volatility of a similar proxy. within those countries. Counterparty Risk: In general, there is less government regulation and Risk Disclaimer supervision of transactions in the OTC markets (in which currencies, spot and A category 1 Fund is not a risk-free investment - the risk of losing your money is option contracts, certain options on currencies and swaps are generally traded) small, but the chance of making gains is also limited. With a category 7 Fund, than of transactions entered into on recognised exchanges. OTC derivatives lack the risk of losing your money is high but there is also a chance of making highertransparency as they are privately negotiated contracts and any information gains. The seven-category scale is complex. For example, a category 2 Fund isconcerning them is usually only available to the contracting parties. not twice as risky as a category 1 Fund. The risk category shown is not guaranteed and may change over time. Collateral Risk: Collateral or margin may be passed by the Fund to a counterparty or broker in respect of OTC FDI transactions or Securities When categorising the Fund, it may happen that not all Financing Transactions. Assets deposited as collateral or margin with brokers material risks were fully captured in the methodology: may not be held in segregated accounts by the brokers and may therefore become available to the creditors of such brokers in the event of their insolvency Risk of Loss: In the case of all Funds, an investment in a Fund is neither insured or bankruptcy. Where collateral is posted to a counterparty or broker by way of nor guaranteed by any bank, government, government agency or title transfer, the collateral may be re-used by such counterparty or broker for instrumentality, guarantee scheme or any bank guarantee fund which may their own purpose, thus exposing the Fund to additional risk. protect the holders of a bank deposit. Shares of the ICAV are not bank deposits or obligations of, or guaranteed or endorsed or otherwise supported by the For a more detailed explanation of risks, please refer to the "Risk Factors" section ICAV, the Investment Manager, the Distributor or any of their Affiliates.of the prospectus, available free of charge at https://funds.waystone.com/ public. Credit Risk: There can be no assurance that issuers of the securities or other instruments in which a Fund invests will not be subject to credit difficulties leading Charges for this Fund The charges paid are used to pay the costs of running the Fund, including theAny entry/exit charge shown is a maximum figure. Where charges are shown costs of marketing and distribution. These costs reduce the potential growth of in some cases you might pay less; you can find this out from your financial the value of the Fund. advisor or distributor. One-off charges that may be taken before or after you invest The ongoing charges may vary from year to year and include investment management (if applicable), management, administration and depositary fees. Entry charge none They do not include portfolio transaction costs and performance fees. Exit chargenone The ongoing charge is an estimate based on the fees disclosed in the Prospectus. This is the maximum that might be taken out of your money before it is invested and before the proceeds of your investment are paid out.For more information about charges please see the Fees and Expenses section of the Fund's Prospectus and Supplement to Prospectus which is available at Charges taken from the Fund over a year https://funds.waystone.com/public. Ongoing charge 0.49% Charges taken from the Fund under certain specific conditions Performance feenone Past Performance% The Fund's past performance is not a reliable indicator of how it will perform in the future. 20 The share class is not launched or launched less than a calendar year ago. As10past performance is not yet available for a full calendar year, past performance cannot be disclosed. 0-10-20 20202021 2022 2023 2024 Practical Information Depositary Details of the Management Company remuneration policy, including but not limited to, a description of how the remuneration and benefits are calculated, The Fund depositary is Northern Trust International Fund Administration Services the identity of persons responsible for awarding the remuneration and benefits, (Ireland) Limited. including the composition of the remuneration committee if applicable, are Specific Fund Informationavailable on the website https://funds.waystone.com/public and a paper copy The Company is an umbrella investment fund, with segregated liability betweenwill be available free of charge on request. its sub-funds. This means that the assets and liabilities of each sub-fund are Tax Legislation segregated by law so an investor has no claims over the assets of a sub-fund in This Fund is subject to tax laws and regulations of Ireland. Depending on your which they do not own shares. home country of residence, this might have an impact on your investment. For Further Information further details, please speak to your adviser. Further information regarding Waystone ETF ICAV such as the Prospectus of theLiability Statement Company, Supplement to the Prospectus, annual and semi-annual reports of Waystone Management Company (IE) Limited may be held liable solely on the the Company (when available), and other Sub-Funds within the umbrella, is basis of any statement contained in this document that is misleading, available in English at https://funds.waystone.com/public. These documents inaccurate, or inconsistent with the relevant parts of the prospectus. along with the most recent share price can be obtained free of charge. The Manager and this Fund is authorised in Ireland and regulated by the Central Bank of Ireland. This Key Investor Information is accurate as at 11 August 2025.