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 DIGITAL PAYMENTS ECONOMY UCITS ETF: USD Accumulating ETF ARK Invest UCITS ICAV (the "ICAV") ISIN: IE00BLRPRQ96 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 Digital Payments Economy UCITS ETF (the "Fund") is Index shall be rebalanced on a semi-annual basis. Please refer to the a passively managed exchange traded fund ("ETF") that aims to replicate "The Index" section of the Fund Supplement for further detail. the performance of the Foxberry Digital Payments Economy USD Net TRACKING METHOD. The Fund will primarily invest in the companies Total Return Index (the "Index").contained in the Index in similar proportions to their weightings in the INDEX. The objective of the Index is to provide exposure to global Index. The Fund may also invest in (1) Depositary receipts relating to the publicly-traded companies that are building the frictionless digitalcompanies contained in the Index and (2) financial derivative instruments payments economy of the tomorrow. These companies include card (“FDIs”) which are investments the prices of which are based on the payment networks, payment processors, payment infrastructurecompanies contained in the Index. providers, payment services and solutions providers and digital/crypto DIVIDEND POLICY. This Share Class does not intend to pay dividends. currency pioneers that are accelerating the structural transition from Any income which may result from the Fund’s investments will be re- traditional cash payments to the speed and convenience of digital invested into the Fund. wallets, digital payments and digital currencies. The Index does not include digital/crypto currencies or assets themselves, companies DEALING. Shares in this Share Class (the “Shares”) are denominated in involved in bitcoin mining or companies providing the "picks and shovels" USD and can be bought and sold on stock exchanges by ordinary that enable the mining of bitcoin or other digital/crypto currencies. investors using an intermediary (e.g. a stockbroker). In normal However, the Index does include companies which provide digital/crypto circumstances, only Authorised Participants may buy and sell Shares currency exchange platforms, wallet services, payments and directly with the ICAV. Authorised Participants may redeem their Shares infrastructure solutions and blockchain-focused payment services. The on demand in accordance with the “Dealing Timetable” published on http://www.rizeetf.com Risk and Reward Profile Lower risk Higher riskservices; and cybersecurity and associated risks in relation to users’ personal data and other company information and intellectual property. Potentially lower reward Potentially higher rewardSome companies may be smaller and less experienced companies, with limited product lines, markets or financial resources and fewer experienced management or marketing personnel. They may 1 2 3 4 5 6 7 experience extreme price and volume fluctuations that are often unrelated to their operating performance. The Index is typically comprised of a mix micro, small, mid, and large • Historical data may not be a reliable indication for the future.capitalisation companies. Micro and small capitalisation companies may be more vulnerable to adverse business or economic events than larger, • The risk category shown is not guaranteed and may shift over time. more established companies and may underperform other segments of • The lowest category does not mean 'risk free'. the market or the equity market as a whole. Securities of micro and small capitalisation companies generally trade in lower volumes, are less liquid The Fund is rated 7 due to the nature of its investments and its risks. The and are often more vulnerable to market volatility and greater and more rating is calculated based on historical data and may not be a reliable unpredictable price changes than larger capitalisation stocks or the stock indication of the Fund’s future risk profile. The risk category may shift overmarket as a whole. time. The lowest category on the above scale does not mean “risk free”. Other: (1) Third party service providers (such as the ICAV’s depositary) The Fund may be subject to the risks associated with financial technology may go bankrupt and fail to pay money due to the Fund or return property companies and other technologies associated with digital and internet- belonging to the Fund. (2) If the Index provider stops calculating the Index based payments and digital currency, including the risks to companies or if the Fund’s license to replicate the Index is terminated, the Fund may operating in the industry arising from: fierce domestic and international have to be closed. (3) It may not always be possible to buy and sell the competition and the potential for rapidly changing technologies and the Fund’s Shares on a stock exchange or at prices closely reflecting the Net risk of obsolescence of existing products, leading to reduced revenues Asset Value. (4) There is no capital guarantee or protection on the value and/or profit margins for individual companies and/or companies of the Fund and investors can lose all the capital invested in the Fund. (5) operating in particular segments; the loss of patent, copyright and Please refer to the “Risk Factors” section of the ICAV’s Prospectus and trademark protections; evolving industry standards; unsophisticated the Fund Supplement. and/or evolving or divergent regulatory frameworks which may become less favourable or even prohibitive in one or more countries over time and which may impede the adoption of digital payment products andKey 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 35 • The Fund has been in existence since October 2021. This Share 25 Class has been in existence since October 2021. • Past performance is not an indication of future performance. 15 • Past performance is calculated in USD.5• The performance figures include all ongoing charges and exclude any %entry charges or exit charges. -5 -15 -25 -35 2020202120222023 2024 Fund -32.55 22.13 16.26 Index -32.24 19.77 16.92Practical 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