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 CYBERSECURITY AND DATA PRIVACY UCITS ETF: USD Accumulating ETF ARK Invest UCITS ICAV (the "ICAV") ISIN: IE00BJXRZJ40 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 FUND. The Rize Cybersecurity and Data Privacy UCITS ETF (the TRACKING METHOD. The Fund will primarily invest in the companies "Fund") is a passively managed exchange traded fund ("ETF") that aimscontained in the Index in similar proportions to their weightings in the to replicate the performance of the Foxberry Tematica Research Index. The Fund may also invest in (1) other companies involved in the Cybersecurity & Data Privacy USD Net Total Return Index (the "Index"). cybersecurity and technology sectors that have similar risk and INDEX. The Index is designed to represent global publicly-traded performance characteristics to the companies contained in the Index and companies that derive a significant proportion of their revenues from the(2) financial derivative instruments (“FDIs”) which are investments the cybersecurity and data privacy sector and includes Product Providers prices of which are based on the companies contained in the Index and/or who provide hardware and software that is installed at the customer the companies described at (1) above. location and Service Providers whose hardware or software is accessedDIVIDEND POLICY. This Share Class does not intend to pay dividends. remotely by the customer. Companies in the "Aerospace and Defence" Any income which may result from the Fund’s investments will be re- sector are excluded. Companies are only eligible for inclusion in the Index invested into the Fund. if they are listed on an eligible stock exchange, if they are sufficiently DEALING. Shares in this Share Class (the “Shares”) are denominated in “liquid” (a measure of how actively a company’s shares are traded on a USD and can be bought and sold on stock exchanges by ordinary daily basis) and if they are of sufficient size (determined by reference to investors using an intermediary (e.g. a stockbroker). In normal the total market value of a company’s shares). circumstances, only Authorised Participants may buy and sell Shares Within the Index, the companies are weighted according to their relativedirectly with the ICAV. Authorised Participants may redeem their Shares thematic scores (a measure of the proportion of a company's revenueson demand in accordance with the “Dealing Timetable” published on or operating profits derived from the cybersecurity and data privacyhttp://www.rizeetf.com sector) and are subject to a final adjustment to reduce the weight of some of the less liquid companies. Risk and Reward Profile Lower risk Higher risk Individual companies are subject to intense competition that may negatively impact their revenues and market values and therefore the Fund’s value. Potentially lower reward Potentially higher reward The Fund also invests in small publicly-traded companies which may be 1 2 3 4 5 6 7 less mature and therefore more vulnerable to adverse business or economic events and greater and more unpredictable price changes than larger companies, the technology sector as a whole or the stock • Historical data may not be a reliable indication for the future.market as a whole. • The risk category shown is not guaranteed and may shift over time. The Fund invests in global equity securities. As such there is a risk of loss • The lowest category does not mean 'risk free'. arising from exchange rate fluctuations or exchange control regulations. The Fund is rated 7 due to the nature of its investments and its risks. The Other: (1) Third party service providers (such as the ICAV’s depositary) rating is calculated based on historical data and may not be a reliable may go bankrupt and fail to pay money due to the Fund or return property indication of the Fund’s future risk profile. The risk category may shift over belonging to the Fund. (2) If the Index provider stops calculating the Index time. The lowest category on the above scale does not mean “risk free”. or if the Fund’s license to replicate the Index is terminated, the Fund may have to be closed. (3) It may not always be possible to buy and sell the As many of the companies invested in by the Fund are technology- Fund’s Shares on a stock exchange or at prices closely reflecting the Net focussed, the Fund is vulnerable to a cyclical decline in the value of the Asset Value. (4) There is no capital guarantee or protection on the value technology sector as a whole. of the Fund and investors can lose all the capital invested in the Fund. (5) Please refer to the “Risk Factors” section of the ICAV’s Prospectus and the Fund Supplement. Key Investor Information | 1 of 2 Charges The charges you pay are used to pay the costs of running the Fund, including the costs of marketing and distributing it. These charges reduce the 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 charge No 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). Performance fee No charge For more information about charges, please see the “Fees, Costs and 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 50 • The Fund has been in existence since January 2020. This Share 40 Class has been in existence since January 2020. 30 • Past performance is not an indication of future performance. 20 • Past performance is calculated in USD 10 • The performance figures include all ongoing charges and exclude any % 0 entry charges or exit charges. -10 -20 -30 -40 -50 2020202120222023 2024 Fund4.99 -32.34 44.789.76 Index 4.60 -32.22 45.31 10.42Practical 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 investmentor 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 inconsistentwith 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 Irishlaw. Although the rights of investors and creditors are normally limited to the assets of each sub-fund, the ICAV is a single legal entity thatmay 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 annualand interim financial statements (that are prepared for the ICAV as a whole), which are available in English and certain other languages, inaddition 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 up­to­date policy in respect of remuneration, including a description of how remuneration and benefits are calculatedand 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. Key Investor Information | 2 of 2