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.

RIZE GLOBAL SUSTAINABLE INFRASTRUCTURE UCITS ETF: USD Distributing ETF ARK Invest UCITS ICAV (the "ICAV")

ISIN: IE000QUCVEN9 The Fund is a sub-fund of ARK Invest UCITS ICAV (the "ICAV"). Managed by IQ EQ Fund Management (Ireland) Limited (the "Manager") of the IQ EQ group of companies Objectives and Investment Policy

The Index then weights the companies according to a combination of FUND. The Rize Global Sustainable Infrastructure UCITS ETF (the

their relative contribution to sustainable infrastructure (see above), "Fund") is a passively managed exchange traded fund ("ETF") that the relative ESG performance of each company and the relative aims to replicate the performance of the Foxberry SMS Global financial strength of each company which considers aspects such as Sustainable Infrastructure USD Net Total Return Index (the "Index"). profitability. The Index shall be rebalanced on a semi-annual basis. INDEX. The Index is designed to provide exposure to companiesPlease refer to the “The Index” section of the Fund Supplement for supporting global infrastructure development in a way that balances

further detail. economic, environmental and social objectives. The Index seeks to capture companies involved in maintaining and upgrading the existing TRACKING METHOD. The Fund will primarily invest in the companies infrastructure of more industrialised economies, as well as companiescontained in the Index in similar proportions to their weightings in the developing the new infrastructure required for the economic

Index. The Fund may also invest in (1) Depositary receipts relating to the advancement of less industrialised economies. This includes

companies contained in the Index and (2) financial derivative instruments companies involved in the development of the environmental and

(“FDIs”) which are investments the prices of which are based on the social infrastructure needed for our transition to a greener, fairer companies contained in the Index. economy. The investment categories of the Index include (1)

DIVIDEND POLICY. This Share Class intends to pay dividends on a Transportation Infrastructure, (2) Environmental Infrastructure, (3)

semi-annual basis in accordance with the Distribution Calendar which is Data and Telecom Infrastructure and (4) Social Infrastructure.

available on: www.rizeetf.com/documents/ The Index utilises a unique thematic classification and scoring system to select companies according to their relative contribution to

DEALING. Shares in this Share Class (the “Shares”) are denominated in sustainable infrastructure (i.e. the contribution of the relevantUSD and can be bought and sold on stock exchanges by ordinary infrastructure to environmental and social objectives in the investors using an intermediary (e.g. a stockbroker). In normal geographical regions that they serve) and taking into account their

circumstances, only Authorised Participants may buy and sell Shares relative volatility (the degree to which each company’s share price

directly with the ICAV. Authorised Participants may redeem their Shares changes over time), with minimum requirements for market on demand in accordance with the “Dealing Timetable” published on capitalization (company size) and liquidity (how readily a company’s http://www.rizeetf.com shares are traded) also applied.

Risk and Reward Profile Lower riskHigher riskregulatory frameworks; and frequent new product introductions.

The Fund may also be subject to emerging market risks including: (i) Potentially lower reward

Potentially higher reward political and economic risks; (ii) counterparty risk and liquidity risks;

(iii) legal risks; (iv) reporting and valuation risks; (v) exchange control

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7 and repatriation risks; (vi) settlement risks; and (vii) custody risks.

Some companies may be smaller and less experienced companies, • Historical data may not be a reliable indication for the future.

with limited product lines, markets or financial resources and fewer • The risk category shown is not guaranteed and may shift over time. experienced management or marketing personnel. They may

experience extreme price and volume fluctuations that are often • The lowest category does not mean 'risk free'. unrelated to their operating performance. The Fund is rated 6 due to the nature of its investments and its risks. The

The Index is typically comprised of a mix of micro, small, mid and large rating is calculated based on historical data and may not be a reliable

capitalisation companies. Micro and small capitalisation companies indication of the Fund’s future risk profile. The risk category may shift over

may be more vulnerable to adverse business or economic events than time. The lowest category on the above scale does not mean “risk free”.

larger, more established companies and may underperform other The Fund may be subject to renewable energy sector risks including,

segments of the market or the equity market as a whole. Securities of fluctuating energy prices which impact revenues, weather fluctuationsmicro and small capitalisation companies generally trade in lower that impact electricity generation, the risk that existing supportivevolumes, are less liquid and are often more vulnerable to market regulatory frameworks become less supportive and the cost of volatility and greater and more unpredictable price changes than producing renewable energy (which pose a risk to the long term

larger capitalisation stocks or the stock market as a whole. economic viability of renewable energy ventures).

Other: (1) Third party service providers (such as the ICAV’s The Fund may be subject to the risks associated with companies

depositary) may go bankrupt and fail to pay money due to the Fund developing technologies associated with renewable energy, energy or return property belonging to the Fund. (2) If the Index provider stops efficiency, electrification of vehicles and transport, water treatment

calculating the Index or if the Fund’s license to replicate the Index is and purification and waste management, recycling and pollution

terminated, the Fund may have to be closed. (3) It may not always be control, including the risk arising from rapidly changing technologies

possible to buy and sell the Fund’s Shares on a stock exchange or at and obsolescence of existing products; fierce competition from

prices closely reflecting the Net Asset Value. (4) There is no capital competitors with lower costs; aggressive pricing and reduced profit

guarantee or protection on the value of the Fund and investors can margins; the loss of patent, copyright and trademark protections;lose all the capital invested in the Fund. (5) Please refer to the “Risk cyclical market patterns; evolving industry standards, evolving

Factors” section of the ICAV’s Prospectus and the Fund Supplement. Key Investor Information | 1 of 2ChargesThe charges you pay are used to pay the costs of running the Fund, including the costs of marketing and distributing it. These charges reducethe potential growth of your investment.

One-off charges taken before or after you invest

*Authorised Participants dealing directly with the ICAV will pay

dealing-related transaction costs. Entry chargeNo charge Investors who buy and sell Shares on stock exchanges are not

charged entry or exit charges by the ICAV but may be charged dealing Exit charge No charge

costs and fees by their stockbroker. Please consult your stockbroker Charges taken from the Fund over a year

and/or investment adviser for details of such fees.

The ongoing charges figure is based on expenses for the financial Ongoing charges 0.45% year ending July 2024. The ongoing charges figure excludes portfolio

transaction costs (except for transaction costs paid to the Depositary, Charges taken from the Fund under certain specific conditions which are included).

For more information about charges, please see the “Fees, Costs and Performance fee No charge

Expenses” and "Subscriptions and Redemptions" sections of the

ICAV’s Prospectus and the "Fees and Expenses" and “Dealing in

Shares of the Fund” sections of the Fund Supplement which are

available at: http://www.rizeetf.com Past Performance

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• The Fund has been in existence since August 2023. This Share

0 Class has been in existence since August 2023.

• Past performance is not an indication of future performance.

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• Past performance is calculated in USD.

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• The performance figures include all ongoing charges and exclude any %

entry charges or exit charges.

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-4.65Practical Information• Fund Depositary: Northern Trust Fiduciary Services (Ireland) Limited.• The ICAV is resident in Ireland for taxation purposes. This may have an impact on your personal tax position. Please consult your investment

or tax adviser for advice on your own tax liabilities.• The Manager may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent

with the relevant parts of the ICAV’s Prospectus.• Switching of shares between this Share Class and other share classes of the Fund and/or other sub-funds of the ICAV is not permitted.• The Fund is one of a number of sub-funds of the ICAV. The assets and liabilities of each sub-fund are segregated from each other by Irish

law. Although the rights of investors and creditors are normally limited to the assets of each sub-fund, the ICAV is a single legal entity that

may operate in jurisdictions which may not recognise such segregation.• Further information about the Fund and the Share Class can be obtained from the ICAV’s Prospectus and Fund Supplement and the annual

and interim financial statements (that are prepared for the ICAV as a whole), which are available in English and certain other languages, in

addition to the latest available Net Asset Value for the Share Class and details of the Fund’s portfolio, at: http://www.rizeetf.com• Details of the Manager’s up-to-date policy in respect of remuneration, including a description of how remuneration and benefits are calculated

and the identities of the persons responsible for awarding same can be accessed from the following website: www.iqeq.com/policy-

documents• An indicative intra-day net asset value (“iNAV”) for the Share Class will be available at: http://www.rizeetf.com The ICAV is authorised in Ireland and regulated by the Central Bank of Ireland. The Manager is authorised in Ireland and regulated by the Central Bank of Ireland.

This Key Investor Information is accurate as at 19 February 2025.

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