Key Information Document Purpose This document provides you with key information about this investment product. It is not marketing material. The information is required by law to help you understand the nature, risks, costs, potential gains and losses of this product and to help you compare it with other products.

Product

Avantis America Equity UCITS ETF USD ACC ETF (IE000OW54ZX1) a sub-fund of American Century ICAV Avantis America Equity UCITS ETF is authorised in Ireland and regulated by the Central Bank of Ireland. The PRIIPs Manufacturer and the Management Company is Waystone Management Company (IE) Limited which is authorised in Ireland and supervised by the Central Bank of Ireland. For more information on this product, please refer to https://funds.waystone.com/public or call +353 (0)16192300. Accurate as of: 15 December 2025

What is this product? Type

base currency. The performance of your shares may be affected by This is an investment fund established as an Irish Collective Asset-

this currency difference. Your shares will be denominated in USD, Management Vehicle (ICAV).the Fund's base currency. In normal circumstances, only authorised

participants (e.g. select financial institutions) may deal in shares (or Objectivesinterests in shares) directly with the Fund. Other investors can deal Investment objective The investment objective of Avantis America

in shares (or interests in shares) daily through an intermediary on Equity UCITS ETF (the "Fund") is to seek long-term capitalstock exchange(s) on which the shares are traded. Please refer to appreciation through investment in an actively managed portfolio

the Fund's Prospectus for more information. of equity and equity-related securities issued by large, mid and

Distribution Policy Your shares do not pay income, but instead the small capitalisation companies located predominantly in the US,

Fund reinvests such income to grow your capital. with limited exposure to issuers in Canada.

Launch date This share class has yet to launch. Investment policies The Fund will seek to achieve its investment

Fund Currency Reference currency of the Fund is USD. objective by investing in a portfolio of equities and equity-related securities, common shares, convertible stock, preferred shares,

Conversion of shares Shareholders will be able to apply to rights issues, equity warrants which will not embed derivatives,

exchange all or part of their holding of shares of any class in any stock options and closed-ended investment funds including sub-fund for shares in another class. For more detailed explanation, commercial trusts and real estate investment trusts ("REITs"). Theplease refer to the Prospectus. Fund intends to invest up to 100% of its Net Asset Value in equities

Asset Segregation American Century ICAV is an umbrella Fund and equity-related securities of issuers located predominantly in the with one or more sub-funds. Each sub-fund may be further divided US, with limited exposure to issuers in Canada.

into shares of different classes to accommodate different The Fund may invest up to 5% of its NAV in REITs which are pooled subscription and/or redemption charges and/or minimum invest vehicles that invest in income producing real property or real investment initial subscription amounts and/or dividend and/or property-related loans or interests listed, traded or dealt in on charges and/or fee arrangements and/or denomination currencies recognised stock exchanges.

and/or currency hedging strategies. A separate pool of assets will

not be maintained for each class. Details of the sub-funds and their The Fund may invest up to 10% of its Net Asset Value in the units/classes will be specified in the relevant Supplement to the shares of Eligible Collective Investment Schemes where such

Prospectus available at https://www.avantisinvestors.com. investments satisfy the requirements of the Central Bank. In exceptional market or economic conditions, the Fund may

Intended retail investor temporarily invest up to 100% of its NAV in cash, cash equivalents,

This product is intended for investors who plan to stay invested for and ancillary liquid assets, whether in the Base Currency or otherat least 5 years and are prepared to take on a medium level of risk currencies. These assets may include deposits, Investment Grade

of loss to their original capital in order to get a higher potential short-term debt securities, variable rate notes, money market return. It is designed to form part of a portfolio of investments. instruments (including treasury bills and commercial paper), and convertible bondsissued by sovereign,governmental,

Term supranational, or corporate issuers and listed on any Regulated

The Fund is open-ended and has no maturity date. Subject to the Market worldwide. liquidation, dissolution and termination rights of the board of the

ICAV as set forth in the ICAV prospectus, the Fund cannot be Convertible bonds will only be held by the Fund as a result of a

automatically terminated. The PRIIP manufacturer, Waystone corporate action and will be divested of as soon as practicable

Management Company (IE) Limited, is not entitled to terminate the while seeking to maximise the return to Shareholders. The Fund will

product unilaterally. not invest in contingent convertible bonds. Benchmark The Fund is an actively managed exchange traded Practical information fund (ETF). The Fund does not seek to replicate the performance ofDepositary The Fund's assets are held with its depositary, State a specified index but does reference the Russell 3000 Index (the

Street Custodial Services (Ireland) Limited. "Benchmark") for comparative purposes only. Further information onFurther information Further information about American Century the Benchmark can be found at www.msci.com.

ICAV, copies of its prospectus, annual and half-yearly reports may Redemption and Dealing The shares are listed on one or more

be obtained free of charge in English at the offices of the stock exchanges and may be traded in currencies other than their

Management Company at any time during normal businessPage 1/3 | Key Information Document | 15 December 2025 Avantis America Equity UCITS ETF, a sub-fund of American Century ICAV – USD ACC ETF (IE000OW54ZX1)

hours. Other practical information including the latest share prices

published on the website are available at the registered office of the Management Company

https://www.waystone.com/waystone-policies/. and the Administrator during normal business hours and will beWhat are the risks and what could I get in return? Risk Indicator This rates the potential losses from future performance at a mediumlevel, and poor market conditions could impact the capacity of the

Lower risk

Higher risk

Fund to pay you.Be aware of currency risk. You will receive payments in a differentcurrency, so the final return you will get depend on the exchange

1

2

34 5 6 7

rate between the two currencies. This risk is not considered in theindicator shown above.

The risk indicator assumes you keep the product for 5 years.

The performance scenarios described in this document arehypothetical and illustrative examples based on certainassumptions and do not represent actual or guaranteed outcomes; The summary risk indicator is a guide to the level of risk of this particularly in the case of the favourable scenario, actual product compared to other products. It shows how likely it is that the performance may differ significantly. product will lose money because of movements in the markets or because we are not able to pay you.Beside the risks included in the risk indicator, other risks may affectthe fund performance. Please refer to the fund Prospectus, available We have classified this product as 4 out of 7, which is a medium risk

free of charge at https://www.avantisinvestors.com. class.

Performance scenarios The figures shown include all the costs of the product itself, and includes the costs of your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back. What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted. The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product over the last 10 years. Markets could develop very differently in the future. The stress scenario shows what you might get back in extreme market circumstances. Unfavourable: this type of scenario occurred for an investment between 30 September 2024 and 31 October 2025. Moderate: this type of scenario occurred for an investment between 28 June 2019 and 28 June 2024. Favourable: this type of scenario occurred for an investment between 31 March 2020 and 31 March 2025.

Recommended holding period

5 years

Example Investment

10,000 USDIf you exit after 5 years If you exit after

(recommended

Scenarios

1 yearholding period)

Minimum There is no minimum guaranteed return. You could lose some or all of your investment.

Stress

What you might get back after costs 2,985 USD

2,654 USD

Average return each year-70.2% -23.3%

UnfavourableWhat you might get back after costs 8,250 USD

12,128 USD

Average return each year-17.5% 3.9%

ModerateWhat you might get back after costs 11,733 USD 21,547 USD

Average return each year17.3%

16.6%

Favourable

What you might get back after costs 16,558 USD 25,869 USD

Average return each year65.6%

20.9% What happens if Waystone Management Company (IE) Limited is unable to pay out? The Management Company has no obligation to pay out since the Fund design does not contemplate any such payment being made. You are not covered by any national compensation scheme. To protect you, the assets are held with a separate company, a depositary. Should the Fund default, the depositary would liquidate the investments and distribute the proceeds to the investors. In the worst case, however, you could lose your entire investment.What are the costs? The person advising on or selling you this product may charge you other costs. If so, this person will provide you with information about these costs and how they affect your investment.Page 2/3 | Key Information Document | 15 December 2025 Avantis America Equity UCITS ETF, a sub-fund of American Century ICAV – USD ACC ETF (IE000OW54ZX1)

Costs over time The tables show the amounts that are taken from your investment to cover different types of costs. These amounts depend on how much you invest, how long you hold the product. The amounts shown here are illustrations based on an example investment amount and different possible investment periods. We have assumed: –in the first year you would get back the amount that you invested (0% annual return). For the other holding periods we have assumed the

product performs as shown in the moderate scenario, –10,000 USD is invested.If you exit after

If you exit after1 year 5 years

Total Costs21 USD

158 USD

Annual cost impact*0.2%0.2% each year

(*) This illustrates how costs reduce your return each year over the holding period. For example it shows that if you exit at the recommended holding period your average return per year is projected to be 16.8% before costs and 16.6% after costs.

Composition of costs

One-off costs upon entry or exitIf you exit after 1 year

Entry costs 0.00%, we do not charge an entry fee.

0 USD

Exit costs

0.00%, we do not charge an exit fee for this product, but the person selling you0 USD the product may do so.

Ongoing costs taken each year

If you exit after 1 year

Management fees and other

0.20% of the value of your investment per year. 20 USD administrative or operating This is based on an estimate of the costs. costs

Transaction costs

0.01% of the value of your investment per year. This is an estimate of the costs1 USD incurred when we buy and sell the underlying investments for the product. The actual amount will vary depending on how much we buy and sell.

Incidental costs taken under specific conditionsIf you exit after 1 year

Performance feesThere is no performance fee for this product.

0 USDHow long should I hold it and can I take money out early? Recommended holding period: 5 years This product is designed for longer term investments; you should be prepared to stay invested for at least 5 years. However, you can redeem your investment without penalty at any time during this period, or hold the investment longer. You may sell your shares in the Fund any business day that banks are open in London and New York. You must submit your application to the Fund's Administrator before 4:30 pm (Irish time) on the business day before the day on which you want to sell.How can I complain? You can send your complaint to the Management Company as outlined at https://www.waystone.com/waystone-policies or at the following postal address: 35 Shelbourne Rd, Ballsbridge, Dublin, D04 A4E0, Ireland or by e-mail to complianceeurope@waystone.com. If you have a complaint about the person that advised you about this product, or who sold it to you, they will tell you where to complain.Other relevant information Cost, performance and risk The cost, performance and risk calculations included in this key information document follow the methodology prescribed by EU rules. Performance scenarios You can find previous performance scenarios at https://funds.waystone.com/public. Past performance There is insufficient performance data available to provide a chart of annual past performance. Additional information Details of the Management Company's remuneration policy, including but not limited to, a description of how the remuneration and benefits are calculated, the identity of persons responsible for awarding the remuneration and benefits, including the composition of the remuneration committee if applicable, are available on the website https://www.waystone.com/waystone-policies and a paper copy will be available free of charge on request. This Fund is subject to tax laws and regulations of Ireland. Depending on your home country of residence, this might have an impact on your investment. For further details, please speak to your adviser. Page 3/3 | Key Information Document | 15 December 2025