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 comp are it with other products. Product: Robeco Dynamic Theme Machine UCITS ETF USD Acc (IE000VG2WCW5) A Share Class of Robeco Dynamic Theme Machine UCITS ETF, a sub-fund of Robeco UCITS ICAV - Irish Collective Asset-management Vehicle https://www.robeco.com/ Call +31 10 224 1224 for more information. Robeco Institutional Asset Management B.V. is authorised in the Netherlands and re gulated by the Autoriteit Financiële Markten. Release Date 3/3/2025 PRIIPS Manufacturer: Robeco Institutional Asset Management B.V. What is this product? Type: Irish Collective Asset-management Vehicle – Undertaking for Collective Investments in Transferable Securities under Irish law. Objective: Robeco Dynamic Theme Machine UCITS ETF is an actively managed Sub-fund that seeks to provide exposure to attractive stocks that are exposed to emerginglong-term macro-economic, technological, environmental, demographic and healthcare related themes. The Manager will select the most relevant themes anddynamically rotate through them as they evolve over time, based on the approach described below. The Fund will utilise the qu antitative and qualitative investingexpertise of the Manager. The Manager has discretion to select the themes that the Fund will be invested in.The Sub-fund promotes environmental and/or social characteristics within the meaning of Article 8 of the Regulation (EU) 2019/2088 of 27 November 2019 onsustainability-related disclosures in the financial sector. The Sub-fund takes explicitly into account the contribution of a company to the United NationsSustainable Development Goals (SDG). The Sub-fund strives for economic results, while at the same time taking into account environmental, social andgovernance characteristics which are further explained in the prospectus. Benchmark: MSCI World Index (Net return, USD)The Sub-fund is is actively managed and will seek to achieve its investment objective by investing primarily in a portfolio of equiti es, being equity and equity-related securities (namely, preferred stock, warrants, rights, claims and depositary receipts) of companies that mainly operate in developed markets, as defined byMSCI, and that are listed or traded on Regulated Markets globally.It is generally expected that up to 90% of the Net Asset Value of the Fund will be components of the Benchmark, but sto cks outside the Benchmark may also beselected. There are no restrictions on the extent to which the Fund’s portfolio and performance may deviate from those of the Benchmark. Currency: The Sub-fund is exposed to the exchange rate movements of the currencies in which the assets of the Sub-fund are denominated. For the management of theSub-fund, expectations of currency returns will be taken into consideration when making country allocati ons/stock selection decisions. Subscription and Redemption: You can purchase or sell (partial) units any given workday, with the exception of Fund Holidays. An overview of fund holidays can be retrieved fromwww.robeco.com/riam. Dividend policy: Accumulating Intended Retail Investor: The Sub-fund is suitable for Investors who seek ESG considerations to be integrated as binding element in the investment process, whi le still seeking optimumreturns. This Sub-fund is suitable for Investors who see funds as a convenient way of participating in capital market developments. It is also suitable for informedand/or experienced Investors wishing to attain defined investment objectives. The Sub-fund does not provide a capital guarantee. The Investor must be able toaccept volatility. This Sub-fund is suitable for Investors who can afford to set aside the capital for at least 5 years. It can accommodate the investment o bjectiveof capital growth, income and/or portfolio diversification. Term: The fund does not have a fixed term of existence or maturity period. In certain circumstances, as described in the fund docum entation, the fund may beunilaterally terminated following written notice to shareholders subject to compliance with the fund docu mentation and applicable regulation. Other Information: The depositary of the ICAV is J.P. Morgan SE - Dublin Branch. The English prospectus, the semi annual report and the details of the renumeration policy of themanagement comapny are documents required by law and can be obtained free of charge on www.robeco.com/riam. The website also publishes the latest pricesand other information. What are the risks and what could I get in return? Risk Indicator Lower risk Higher risk protection from future market performance so you could lose some or all of your The risk indicatior assum es you keep the product for 5 years. The actual risk can vary investment. significantly if you cash in at an early stage and you m ay get back less. The summary risk indicator is a guide to the level of risk of this product compared to other The following data are deemed material for this fund, and are not (adequately) reflected products. It shows how likely it is that the product will lose money because of movements in the by the indicator: markets or because we are not able to pay you. -A derivative counterparty may fail to fulfill its obligations which could result in a We have classified this product as 4 out of 7, which is a medium risk class. This rates the loss. Counterparty risk is reduced via the exchange of collateral. potential losses from future performance at a medium level, and poor market conditions - The fund invests in assets that could become less liquid in certain market could impact our capacity to pay you. conditions, which could have a significant impact on the value of these assets. -The fund is managed using quantitative models. Materialisation of the model risk Be aware of currency risk. If you receive payments in a currency different to that of your may be detrimental to fund performance. home jurisdiction, the final return you will get will depend on the exchange rate between the two currencies. -For more details about portfolio risks, see Section “Risk Factors” of the prospectus. This risk is not considered in the risk indicator shown. If we are not able to pay you what is owed, you could lose your entire investment. This product does not include any Performance Scenarios The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back. W hat you will get from this product depends on future m arket perform ance. Market developments in the future are uncertain and cannot be accurately predicted. 1 The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best perform ance o f the product and a suitable benchm ark over the last 10 years. Recommended holding period 5 yearsExample Investment 10,000 USD Performance Scenarios Minimum There is no minimum guaranteed return. You could lose some or all of your investment.Stress If you exit after 1 year If you exit after 5 years What you might get back after costs 2,740 USD 3,700 USDAverage return each year-72.6%-18.1%Unfavourable If you exit after 1 year If you exit after 5 years What you might get back after costs 7,990 USD 11,400 USDAverage return each year-20.1% 2.7%Moderate If you exit after 1 year If you exit after 5 years What you might get back after costs 11,250 USD16,280 USDAverage return each year 12.5% 10.2%Favourable If you exit after 1 year If you exit after 5 years What you might get back after costs 15,320 USD19,940 USDAverage return each year 53.2% 14.8% Unfavourable: This type of scenario occurred for an investment between April 2015 and March 2020. Moderate: This type of scenario occurred for an investment between December 2015 and November 2020. Favourable: This type of scenario occurred for an investment between November 2016 and October 2021.What happens if Robeco Institutional Asset Management B.V. is unable to pay out? The fund’s assets are held separately from Robeco Institutional Asset Management B.V. (the “Manager”). A pay-out of the fund’s assets is thus not affected by the financial position or potential default the Manager. The financial instruments in the portfolio of the fund are placed in custody with J.P. Morgan SE (the "Depositary"). The fund runs the risk that its assets placed in custody may be lost as a result of the liquidation, insolvency, bankruptcy, negligence of, or fraudulent activities by, the Deposit ary. In that case the fund may suffer a financial loss. However this risk is mitigated to some extent as the Depositary is required by law to keep the fund's assets separate from its own assets. An investor compensation or guarant ee scheme is not applicable in case of such financial loss. What are the costs? The person selling you or advising you about this product may charge you other costs. If so, this person will provide you with information about these costs, and show you the impact that all costs have on your investment over time. Costs over time The tables show the amounts that are taken from your investment to cover different types of costs. These amounts depend on ho w much you invest, how long you hold the product [and how well the product does]. 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. For the other holding periods we have assumed the product performs as shown in the moderate scenario.• USD 10,000 is invested. If you exit after 1 year If you exit after 5 years Total costs 67 USD 554 USD Annual cost impact (*) 0.70% 0.70% each year *This illustrates how costs reduce your return each year over the holding period. For example it shows that if you exit at th e recommended holding period your average return per year is projected to be 11.00% before costs and 10.20% after costs. Composition of costs One- off costs upon entry or exit If you exit after 1 year Entry costs 0.00% of the amount you pay in when entering this investment. This is the most you will0 USD be charged. The person selling you the product will inform you of the actual charge. Exit costs 0.00% of your investment before it is paid out to you. This is the most you will be 0 USD charged. The person selling you the product will inform you of the actual charge. Ongoing costs taken each year2 Management fees and other administrative or operating costs 0.55% of the value of your investment per year. This is an estimate based on actual 55 USD costs over the last year. Transaction costs 0.12% of the value of your investment per year. This is an estimate of the costs incurred 12 USD 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 conditions Performance fees There is no performance fee for this product.0 USD How long should I hold it and can I take money out early? We have determined the recommended holding period of this product to be 5 years. The recommended holding period of this product is determined taking into consideration the nature of underlying investment se curities and the volatility of thereof. The product can be traded daily and no minimum holding period applies. Exiting before the end of the recommended holding period does not bear any additional risks or costs other than those mentioned in the text above . How can I complain? Complaints about the behaviour of the person who advised you on the product or sold it to you, should be addressed directly t o that person. Complaints about the product or the behaviour of the manufacturer of this product should be directed to the followin g address:Postal Address:Email: Robeco Institutional Asset Management B.V complaints@robeco.nl Weena 850, 3014 DA Rotterdam, The Netherlands Tel: +31 10 224 1224Your complaint will be taken care of with us and we will provide you with feedback as soon as possible. We have a summary of our complaints handling procedure available free of charge online at www.robeco.com. Other relevant information • The assets and liabilities of each subfund are segregated by law. Shares of one subfund may be exchanged with another subfund of the ICAV as further discribed in the prospectus. The ICAV may offer other share classes of the subfund. Information on these share classes is available in the prospectus. • The tax legislation of the ICAV's home Member State may have an impact on the personal tax position of the investor. • Robeco Institutional Asset Management B.V. 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 prospectus of the ICAV. • Information on the previous performance of this fund over the last calendar years can be found at https://documents.dataglide.co/latest/shareclasses/IE000VG2WCW5/kpp/EN/IE , and information on previous performance scenarios is available at https://documents.dataglide.co/latest/shareclasses/IE000VG2WCW5/kms . Link: Product Page3