ARK INVESTMENT MANAGEMENT LLC

ARK Investment Management LLC (ARK) engages in educating consultants, broker-dealers, and other financial intermediaries about its advisory services through activities like sponsoring educational events and conferences. ARK uses its own resources to cover some of the costs associated with these events. Clients seeking more details about payments to specific consultants can contact ARK or the consultant directly. ARK also has written agreements with entities that introduce prospective clients, compensating them based on the management fees ARK receives from those clients. This arrangement creates a financial incentive for the solicitor to recommend ARK. ARK adheres to specific rules under the Advisers Act when entering into these agreements and paying fees. Some of ARK’s solicitors may have an indirect, non-controlling interest in ARK.

ARK offers a range of investment themes to institutional clients, detailed in Item 8, with additional themes potentially available. These themes are designed to meet specific investment objectives, employing various investment strategies to achieve them. The descriptions provided are summaries and are qualified and superseded by the governing documents of each client's account. One specific strategy involves investing more than 25% of total assets in investments providing exposure to bitcoin and/or Bitcoin Futures. The remaining assets are generally invested in short-term cash instruments such as U.S. Treasury securities, money market instruments, and repurchase agreements, to provide liquidity, serve as margin, or collateralize investments in Bitcoin Futures. Additional details about each theme can be obtained by contacting ARK.

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