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 SUSTAINABLE FUTURE OF FOOD UCITS ETF: USD Accumulating ETF ARK Invest UCITS ICAV (the "ICAV") ISIN: IE00BLRPQH31 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 Sustainable Future of Food UCITS ETF (the "Fund") is The Index shall be rebalanced on a semi-annual basis. Please refer to a passively managed exchange traded fund ("ETF") that aims to replicate the “The Index” section of the Fund Supplement for further detail. the performance of the Foxberry Tematica Research Sustainable Future TRACKING METHOD. The Fund will primarily invest in the companies of Food USD Net Total Return Index (the "Index").contained in the Index in similar proportions to their weightings in the INDEX. The Index is designed to provide exposure to global publicly- Index. The Fund may also invest in (1) Depositary receipts relating to the traded companies that are innovating across the food value chain to buildcompanies contained in the Index and (2) financial derivative instruments a more sustainable, secure and fair global food system by (1) advancing (“FDIs”) which are investments the prices of which are based on the agri-science and digital and precision farming and water management companies contained in the Index. technologies to produce more food with less input resources and with a DIVIDEND POLICY. This Share Class does not intend to pay dividends. reduced environmental impact and carbon footprint; (2) addressing theAny income which may result from the Fund’s investments will be re- growing demands of conscious consumers for natural and organic and invested into the Fund. plant-based proteins and foods; and (3) innovating in areas such as food and ingredient safety and testing and sustainable, reusable and DEALING. Shares in this Share Class (the “Shares”) are denominated in recyclable packaging solutions that help reduce single-use plastic USD and can be bought and sold on stock exchanges by ordinary pollution. investors using an intermediary (e.g. a stockbroker). In normal circumstances, only Authorised Participants may buy and sell Shares Only companies that derive a significant proportion of their revenues or directly with the ICAV. Authorised Participants may redeem their Shares operating profits from the foregoing segments are eligible for inclusion.on demand in accordance with the “Dealing Timetable” published on http://www.rizeetf.com Risk and Reward Profile Lower risk Higher riskmarkets related to changing and unpredictable weather conditions (including drought and flooding) and fluctuating commodity prices. Potentially lower reward Potentially higher rewardThe Fund also invests in small publicly-traded companies which may be less mature and therefore more vulnerable to adverse business or 1 2 3 4 5 6 7 economic events and greater and more unpredictable price changes than larger companies, the food, agricultural and technology sectors or the stock market as a whole. • Historical data may not be a reliable indication for the future. The Fund invests in global equity securities. As such there is a risk of loss • The risk category shown is not guaranteed and may shift over time. arising from exchange rate fluctuations or exchange control regulations. • The lowest category does not mean 'risk free'. Other: (1) Third party service providers (such as the ICAV’s depositary) The Fund is rated 6 due to the nature of its investments and its risks. The may go bankrupt and fail to pay money due to the Fund or return property rating is calculated based on historical data and may not be a reliable belonging to the Fund. (2) If the Index provider stops calculating the Index indication of the Fund’s future risk profile. The risk category may shift over or if the Fund’s license to replicate the Index is terminated, the Fund may time. The lowest category on the above scale does not mean “risk free”. have to be closed. (3) It may not always be possible to buy and sell the Fund’s Shares on a stock exchange or at prices closely reflecting the Net The Fund may be subject to the risks associated with companies Asset Value. (4) There is no capital guarantee or protection on the value operating in the food and agriculture technology sectors including rapidly of the Fund and investors can lose all the capital invested in the Fund. (5) changing technologies and obsolescence of existing products, fierce Please refer to the “Risk Factors” section of the ICAV’s Prospectus and international competition, the loss of patent, copyright and trademark the Fund Supplement. protections and evolving industry standards. Companies will also be subject to external risk factors impacting the broader food and agriculture 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 Performance5 • The Fund has been in existence since July 2020. This Share Class0 has been in existence since July 2020. • Past performance is not an indication of future performance. -5 • Past performance is calculated in USD -10• The performance figures include all ongoing charges and exclude any %entry charges or exit charges. -15 -20 -25 -30 2020202120222023 2024 Fund2.82 -27.19 -1.75 -6.68 Index 3.07 -27.03 -1.48 -6.31Practical 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