Fund Objective

ARKT is an actively managed Exchange Traded Fund (ETF) that, for rolling 12-month periods from October to October (each, an "Outcome Period") seeks to provide investors with a defined risk-return profile, before fees and expenses, Specifically, the Fund is structured to limit downside perticipation to approximately 50% of any decline in the share price of the reference asset, the ARK Disruptive Innovation ETF (ARKK) measured from its value at the beginning of each Outcome Period. At the same time, the Fund is structured to provide maximum participation in ARKK's upside above a predefined hurdle rate of approximately 5%.

Fund Description

More simply, the ARK DIET Q4 Buffer ETF (ARKT) is structured in the following way:

• 50% downside participation in any decline in ARKK's net asset value (NAV) over a given year
• 5% Hurdle Rate in any positive return in ARKK's NAV, meaning ARKT will not have a return when ARKK returns between 0-5%
• 50-80% upside participation in any positive return in ARKK over the Outcome Period beyond the Hurdle Rate