ARK Space & Defence Innovation UCITS ETF AccumUSD · XETR:ARXX
ARK Space & Defence Innovation UCITS ETF AccumUSD — ARK Invest — Non-Deal Roadshow (September 2026)
69 slides from ARK Space & Defence Innovation UCITS ETF AccumUSD's roadshow presentation, September 2026
Slide 1: Innovation at Inflection
September 2026 INNOVATION AT INFLECTION Portfolio Management Outlook and Positioning This roadshow is hosted by IQ EQ Fund Management (Ireland) Limited as the manager of ARK Invest UCITS ICAV and ARK ELTIF ICAV This is a marketing communication. This is not a contractually binding document. Please r
Slide 2: Agenda
2 | Innovation At Inflection Agenda Section 1 Introduction to ARK Section 2 CIO Outlook – Back to the Future Section 3 The New Era of Disruptive Innovation Section 4 ARK’s Investment Process Section 5 Portfolio Positioning Appendix A AI Beyond The Fear - From Risk To Real-World Impact Appendix B The
Slide 3: ARK Team
3 | Innovation At Inflection ARK Team Catherine Wood Thomas Hartmann-Boyce, Stuart Forbes Thomas Little Founder, CEO and CIO CFA Head of ARK Invest Europe and Head of European Marketing, Global Head of Global Distribution ARK Europe Investment Solutions Prior: AllianceBernstein, Prior: Goldman Sachs
Slide 4: Introduction to ARK
4 | Introduction to ARK Section 1 Introduction to ARK For Professional Investors and Information Purposes only.
Slide 5: ARK Invest: Partnering Across the Innovation Lifecycle
INVEST ON THE ARK Invest: Partnering Across the Innovation Lifecycle RIGHT SIDE OF CHANGE Why innovation companies choose to partner with ARK Invest PRIVATE ASSETS — since 2022 PUBLIC EQUITIES — since 2014 Founded: January 2014 Early-Stage Crossover Disruptive Headquarters: Private & Pre-IPO Public
Slide 6: Products Built for The European Market
6 | Introduction to ARK Products Built for The European Market A blend of actively managed and systematic (self-indexed) thematic funds. Mutual Strategy Code ISIN SFDR Type Exposure AUM Track Record TER Fund** $314m (Vehicle) >2 years (Vehicle) Actively ARK Innovation UCITS ETF ARKK IE000GA3D489 Art
Slide 7: CIO Outlook – Back To The Future
7 | CIO Outlook – Back to the Future Section 2 CIO Outlook – Back To The Future For Professional Investors and Information Purposes only.
Slide 8: Back To The Future: Another Golden Age?
8 | CIO Outlook – Back to the Future Back To The Future: Another Golden Age? Higher rates and record-high equities are not a contradiction — they are the signature of a technology revolution more powerful than the Industrial Revolution. The real anomaly was never the rise in rates — it was the 40- T
Slide 9: Four Forecasts Shaping Our Positioning
9 | CIO Outlook – Back to the Future Four Forecasts Shaping Our Positioning Four forecasts, drawn from the last technology revolution, frame how ARK is positioned today. Inflation is on the verge of breaking down 1 Warsh-led monetary discipline, falling oil, and technology-driven deflation. Truflati
Slide 10: Good Deflation: The Engine of the Boom
10 | CIO Outlook – Back to the Future Good Deflation: The Engine of the Boom Deflation can be good news. Falling oil and falling technology costs act like a tax cut — lifting purchasing power and the margins of companies on the right side of 99%+ change. annual decline in AI inference cost — the com
Slide 11: Risks To The Thesis: Bankruptcies Amid Unsustainable Government Debt?
11 | CIO Outlook – Back to the Future Risks To The Thesis: Bankruptcies Amid Unsustainable Government Debt? RISKS TO RESPECT Counterparty risk Broad-based bankruptcies could ripple through the system — THE DEBT PICTURE, REFRAMED a case for gold and bitcoin as insurance. Debt-to-GDP compares a balanc
Slide 12: The New Era of Disruptive Innovation
12 | The New Era of Disruptive Innovation Section 3 The New Era of Disruptive Innovation For Professional Investors and Information Purposes only
Slide 13: The World Is Entering An Unprecedented Technology Investment Cycle
13 | The New Era of Disruptive Innovation The World Is Entering An Unprecedented Technology Investment Cycle 9% Select Historical Technological Investment Waves Capital Expenditures As Percent Of GDP 8% AI Software 7% 6% Railroad 5% 4% Cars 3% Software AI Data Centers Computers And Space 2% Electrif
Slide 14: Technological Convergence Is Accelerating
14 | The New Era of Disruptive Innovation Digital WalletsProgrammable Biology Technological Convergence Is Accelerating Smart Contracts Multiomics Intelligent Technology Five major innovation platforms—AI, Public Blockchains, Robotics, Energy Storage, and Devices Neural Multiomics—are becoming incre
Slide 15: Convergence Should Lead To Major Increases In Demand
15 | The New Era of Disruptive Innovation Convergence Should Lead To Major Increases In Demand Neural network demand for next gen cloud compute is running into earthly scaling constraints. Reusable rockets could come to the rescue. At a competitive cost, space-based AI compute could provide the clou
Slide 16: AI-Native Revenue Is Growing At An Unprecedented Rate
16 | The New Era of Disruptive Innovation AI-Native Revenue Is Growing At An Unprecedented Rate General purpose AI providers like OpenAI and Anthropic now rival the revenues of large public software companies. At the same time, adoption of specialized offerings from AI-native startups is strong. Thr
Slide 17: ARK’s Investment Process
17 | ARK’s Investment Process Section 4 ARK’s Investment Process For Professional Investors and Information Purposes only.
Slide 18: Investment Process Overview
18 | ARK’s Investment Process Investment Process Overview Top-Down Research Bottom-Up Research Ideation Stock Selection And Valuation Identify Disruptive Innovations Aim To Select The Best Positioned Companies → ARK Open Research Ecosystem → Investment Briefs, Company Scores, Valuation Models Sizing
Slide 19: Top-Down Process: Identifying Investable Innovation Platforms
19 | ARK’s Investment Process Top-Down Process: Identifying Investable Innovation Platforms ARK’s investment process identifies investable innovation platforms that cause rapid cost declines and demand growth, cut across sectors and geographies, and spawn further innovation, stimulating growth over
Slide 20: Bottom-Up Stock Selection Process
20 | ARK’s Investment Process Bottom-Up Stock Selection Process Company, People, and Culture Execution At ARK, we use an active approach in stock selection to • Departure of key personnel • Insufficient / declining R&D continuously monitor our five-year time horizon for portfolio • Inefficient talen
Slide 21: Portfolio Positioning
21 | Portfolio Positioning Section 5 Portfolio Positioning For Professional Investors and Information Purposes only.
Slide 22: ARK’s Active UCITS ETF Range
22 | Portfolio Positioning ARK’s Active UCITS ETF Range ARK SPACE & DEFENCE ARK INNOVATION ARK AI & ROBOTICS ARK GENOMIC REVOLUTION STRATEGY INNOVATION ISIN: IE000GA3D489 ISIN: IE0003A512E4 ISIN: IE000O5M6XO1 ISIN: IE000AON7ET1 Primary Focus Best Ideas Across Five Platforms AI and Robotics Platforms
Slide 23: Positioning In ARK’s Flagship Strategy – ARK Innovation UCITS ETF
23 | Portfolio Positioning Positioning In ARK’s Flagship Strategy – ARK Innovation UCITS ETF The ARK Innovation UCITS ETF aims for multi-cap exposure to innovation across sectors. ARK believes the securities held in ARKK present the best risk-reward opportunities from ARK’s innovation themes. • Prim
Slide 24: Single Name Positioning
24 | Portfolio Positioning Single Name Positioning Taking profits in strong performers and adding to long-term holdings. Top 10 Contributors to Return Start Weight (%) End Weight (%) Weight Change (%) Total Return (%) Contribution (%) Taking profits ADVANCED MICRO DEVICES 4.87 3.14 -1.73 119.80 6.15
Slide 25: The ‘Re-Rating’ Of Genomics – ARK Genomic Revolution UCITS ETF
25 | Portfolio Positioning The ‘Re-Rating’ Of Genomics – ARK Genomic Revolution UCITS ETF ARK Genomic Revolution UCITS ETF · performance highlights, 1 Jan – 31 Aug 2026 +62% total return, year-to-date 76% of holdings positive YTD (31 of 41) 8 holdings more than doubled Where the return came from Sta
Slide 26: Active Management In Our Flagship Strategy
26 | Portfolio Positioning Active Management In Our Flagship Strategy Enters 8 new positions Exits 8 exited COMPANY E N D W E I G H T ( A U G 30 ) COMPANY START WEIGHT (JAN 1) SpaceX 6.1% Roku 5.9% Cerebras Systems 2.3% Roblox 3.3% Broadcom 1.7% PagerDuty 1.5% Cloudflare 1.3% Deere & Co. 1.3% X-Ener
Slide 27: Appendix A: AI Beyond The Fear – From Risk To Real-World Impact
27 | AI Beyond the Fear – From Risk to Real-World Impact Appendix A: AI Beyond The Fear – From Risk To Real-World Impact For Professional Investors and Information Purposes only
Slide 28: Demand For AI Is Growing Rapidly As Inference Costs Collapse
28 | AI Beyond the Fear – From Risk to Real-World Impact Demand For AI Is Growing Rapidly As Inference Costs Collapse By some measures, inference costs have dropped more than 99% in the past year. As AI-native applications proliferate, cost declines are driving explosive growth in the number of toke
Slide 29: Data Centre Systems Growth Has Accelerated From 5% To 36%
29 | AI Beyond the Fear – From Risk to Real-World Impact Data Centre Systems Growth Has Accelerated From 5% To 36% At An Annual Rate Since The ChatGPT Moment In 2025, at ~$500 billion, annual investment in data centre systems was nearly 2.5x the average from 2012 through 2023. According to our resea
Slide 30: Despite Tech-And-Telecom Boom Levels Of Capex, Valuations Are Much Lower
30 | AI Beyond the Fear – From Risk to Real-World Impact Despite Tech-And-Telecom Boom Levels Of Capex, Valuations Are Much Lower According to our research, hyperscalers will spend more than $500 billion on capital expenditures (Capex), nearly 3x the $135 billion in 2021 before the ‘ChatGPT moment’
Slide 31: Demand For AI Should Drive Sustainable Infrastructure Growth
31 | AI Beyond the Fear – From Risk to Real-World Impact Demand For Artificial Intelligence Should Drive Sustainable Infrastructure Growth As AI workloads proliferate in both enterprise and consumer environments, AI infrastructure investment could reach $1.5 trillion, mostly for accelerated servers,
Slide 32: AI Models Are Coalescing Into A Consumer Operating System
32 | AI Beyond the Fear – From Risk to Real-World Impact AI Models Are Coalescing Into A Consumer Operating System As foundation models become a new layer of the internet stack, consumers are interacting less with apps and more through AI agents. That structural shift is activating digital experienc
Slide 33: AI Agents Are Becoming More Proficient
33 | AI Beyond the Fear – From Risk to Real-World Impact AI Agents Are Becoming More Proficient Advances in reasoning capability, tool use, and extended context are driving an exponential increase in the capability of AI agents. The duration of the tasks they can complete reliably has increased 5x,
Slide 34: The Multiomics–AI Flywheel: Accelerating Biology Innovation By 2030
34 | AI Beyond the Fear – From Risk to Real-World Impact The Multiomics–AI Flywheel: Accelerating Biology Innovation By 2030 Multiomics Tools AI Developed Drugs Run Experiments Generate richer, less expensive biological data that Transform biological insights into optimized drug fuel rapid discovery
Slide 35: Appendix B: The Next Industrial Cycle
35 | The Next Industrial Cycle Appendix B The Next Industrial Cycle For Professional Investors and Information Purposes only
Slide 36: Solar And Battery Costs Continue To Fall: Nuclear Cost Declines Should Resume
36 | The Next Industrial Cycle Solar And Battery Costs Continue To Fall: Now, Nuclear Cost Declines Should Resume Historically, solar and nuclear costs, measured in megawatts, and battery costs, measured in megawatt-hours, have declined steeply with each cumulative doubling of capacity. During the 1
Slide 37: Falling Costs And Prices Should Drive Demand For Robotaxis
37 | The Next Industrial Cycle Falling Costs And Prices Should Drive Demand For Robotaxis Vehicle costs will dominate the unit economics during early commercialization. Vehicle utilization rates will drive per mile costs down at scale. Robotaxi Incremental Cost Per Mile Price Per Mile Depreciation O
Slide 38: Reusable Rocket Launch Costs Continue To Fall
38 | The Next Industrial Cycle Reusable Rocket Launch Costs Continue To Fall According to Wright’s Law, launch costs should decline by ~17% for every cumulative doubling in upmass to orbit. Leveraging Falcon 9’s partial reusability, SpaceX has cut costs by ~95%, from ~$15,600/kg to under ~$1,000/kg
Slide 39: Convergence Should Lead To Major Increases In Demand
39 | The Next Industrial Cycle Convergence Should Lead To Major Increases In Demand Neural network demand for next gen cloud compute is running into earthly scaling constraints. Reusable rockets could come to the rescue. At a competitive cost, space-based AI compute could provide the cloud with the
Slide 40: Compute Scaling Laws Indicate A Path Toward Human-Level Optimus Performance
40 | The Next Industrial Cycle Compute Scaling Laws Indicate A Path Toward Human-Level Optimus Performance By End Of The Decade By mapping the compute required for Tesla Full Self-Driving (FSD) against performance gains, ARK projects that Optimus can overcome the complexity ratio and reach human-lev
Slide 41: Automation Is Likely To Create A $26 Trillion Opportunity
41 | The Next Industrial Cycle Automation Is Likely To Create A $26 Trillion Opportunity For the past 60 years, automation has involved structured processes. To unlock the potential in industrial and household markets, automation must shift from fixed-task specialized equipment to relatively open-en
Slide 42: Autonomous Machines Will Reduce Supply Chain Delivery Costs
42 | The Next Industrial Cycle Autonomous Machines Will Reduce Supply Chain Delivery Costs Autonomous delivery vehicles should collapse costs to the consumer, stimulating more frequent deliveries. Truckload Delivery Cost Last Mile Delivery Costs (Per Ton-Mile) (Average Dollars Per Order) ~60% ~90% $
Slide 43: Increasingly Efficient, Energy Is Powering Economic Growth
43 | The Next Industrial Cycle Increasingly Efficient, Energy Is Powering Economic Growth During the internet boom, despite concerns about its energy intensity, economies became more energy efficient. The same dynamic could play out with AI, thanks to significant energy efficiency gains. Energy Inte
Slide 44: Appendix C: Additional ETF Positioning
44 | Additional ETF Positioning Appendix C: Additional ETF Positioning For Professional Investors and Information Purposes only.
Slide 45: ARK’s Active UCITS ETF Range
45 | Additional ETF Positioning ARK’s Active UCITS ETF Range ARK SPACE & DEFENCE ARK INNOVATION ARK AI & ROBOTICS ARK GENOMIC REVOLUTION STRATEGY INNOVATION ISIN: IE000GA3D489 ISIN: IE0003A512E4 ISIN: IE000O5M6XO1 ISIN: IE000AON7ET1 Primary Focus Best Ideas Across Five Platforms AI and Robotics Plat
Slide 46: ARK Innovation UCITS ETF: Portfolio Breakdown
46 | Additional ETF Positioning ARK Innovation UCITS ETF: Portfolio Breakdown The ARK Innovation UCITS ETF aims for multi-cap exposure to innovation across sectors. ARK believes the securities held in ARKK present the best risk-reward opportunities from ARK’s innovation themes. • Primary Ticker: ARK
Slide 47: ARK Innovation UCITS ETF: Performance YTD
47 | Additional ETF Positioning ARK Innovation UCITS ETF: Performance YTD Taking profits in strong performers and adding to long-term holdings. Top 10 Contributors to Return Start Weight (%) End Weight (%) Weight Change (%) Total Return (%) Contribution (%) Taking profits ADVANCED MICRO DEVICES 4.87
Slide 48: ARK Genomic Revolution UCITS ETF: Portfolio Breakdown
48 | Additional ETF Positioning ARK Genomic Revolution UCITS ETF: Portfolio Breakdown Genomic sequencing is changing the way biological information is collected, processed, and applied. ARKG is focused on the disruptive innovations that are increasing precision, restructuring health care, agricultur
Slide 49: ARK Genomic Revolution UCITS ETF: Performance YTD
49 | Additional ETF Positioning ARK Genomic Revolution UCITS ETF: Performance YTD Company Start Weight (%) End Weight (%) Avg Weight (%) Weight Change (%) Total Return (%) Return Contribution (%) TWIST BIOSCIENCE CORP 6.34 9.41 9.01 3.07 338.21 17.54 10X GENOMICS INC-CLASS A 4.48 6.71 5.18 2.23 282.
Slide 50: ARK AI & Robotics UCITS ETF: Portfolio Breakdown
50 | Additional ETF Positioning ARK AI & Robotics UCITS ETF: Portfolio Breakdown Advancements in artificial intelligence and robotics are enhancing productivity while reducing costs. ARKI is focused on the disruptive innovations transforming businesses across sectors, manufacturing, production, and
Slide 51: ARK AI & Robotics UCITS ETF: Performance YTD
51 | Additional ETF Positioning ARK AI & Robotics UCITS ETF: Performance YTD Company Start Weight (%) End Weight (%) Avg Weight (%) Weight Change (%) Total Return (%) Return Contribution (%) ADVANCED MICRO DEVICES 5.60 3.42 7.19 -2.18 119.80 7.53 TERADYNE INC 6.77 2.41 5.55 -4.36 80.88 5.26 CROWDSTR
Slide 52: ARK Space & Defence Innovation UCITS ETF: Portfolio Breakdown
52 | Additional ETF Positioning ARK Space & Defence Innovation UCITS ETF: Portfolio Breakdown The convergence of aerospace innovation, satellite technology, and defence systems is poised to drive technological advancement and economic growth. A key catalyst for growth in this sector is the significa
Slide 53: ARK Space & Defence Innovation UCITS ETF: Performance YTD
53 | Additional ETF Positioning ARK Space & Defence Innovation UCITS ETF: Performance YTD Company Start Weight (%) End Weight (%) Avg Weight (%) Weight Change (%) Total Return (%) Return Contribution (%) ADVANCED MICRO DEVICES 4.12 6.15 6.07 2.03 119.80 5.56 TERADYNE INC 7.53 3.99 6.67 -3.54 80.88 5
Slide 54: ARK ETF Range Performance Overview
54 | Additional ETF Positioning ARK ETF Range Performance Overview Name Base Code YTD 1MO 3MO 6MO 1YR Inception Since ARK Innovation UCITS ETF ARKK 17.95% 20.22% 6.24% 22.89% 22.17% 96.29% 12/04/2024 ARK Artificial Intelligence & Robotics UCITS ETF ARKI 10.17% 9.34% -5.10% 13.56% 17.47% 126.92% 12/0
Slide 55: Appendix D: Further Big Ideas 2026 Research
55 | Further Big Ideas 2026 Research Appendix D Further Big Ideas 2026 Research For Professional Investors and Information Purposes only.
Slide 56: Reusable Rockets Have Catapulted The Economy Into The Space Age
56 | ARK’s Big Ideas 2026: Reusable Rockets Reusable Rockets Have Catapulted The Economy Into The Space Age Thanks to SpaceX, the annual upmass to orbit has hit record highs. With more than 9,000 active Starlink satellites, SpaceX accounts for ~66% of all active satellites orbiting Earth. Annual Upm
Slide 57: Each Disruptive Technology Could Generate Profound Macroeconomic Results
57 | ARK Big Ideas 2026: The Great Acceleration Each Disruptive Technology Could Generate Profound Macroeconomic Results, Humanoid Robots In The Home, A Good Case In Point Currently, only $2,600 of the Impact Of Home Upkeep Impact Of A Single Household Humanoid Robot ~$68,000 average value of On GDP
Slide 58: Disruptive Technologies Can Catalyze Growth In Multiple Ways
58 | ARK Big Ideas 2026: The Great Acceleration Disruptive Technologies Can Catalyze Growth In Multiple Ways Accelerates Automobile Capital Replacement Formation Cycle Frees Human Increases Shift In 8x Increase Potential Disruptive Returns On Personal For More Technology Deployed Drive Time Robotaxi
Slide 59: The US Is Leading In The Highly Competitive Global Race With China
59 | ARK Big Ideas 2026: The Great Acceleration The US Is Leading In The Highly Competitive Global Race With China Chinese models now trail the performance of American models by only six months. While the performance of their frontier models continues to lag, China dominates the open weight landscap
Slide 60: Robotaxis Are Beginning To Take Share From Ride-Hail
60 | ARK’s Big Ideas 2026: Autonomous Vehicles Robotaxis Are Beginning To Take Share From Ride-Hail Waymo is pressuring Uber’s and Lyft’s As they proliferate, robotaxis guided by superior data and algorithms will be market share in San Francisco. best positioned to scale. Full Self-Driving (FSD) has
Slide 61: Autonomous Machines Will Reduce Supply Chain Delivery Costs
61 | ARK’s Big Ideas 2026: Autonomous Logistics Autonomous Machines Will Reduce Supply Chain Delivery Costs Autonomous delivery vehicles should collapse costs to the consumer, stimulating more frequent deliveries. Truckload Delivery Cost Last Mile Delivery Costs (Per Ton-Mile) (Average Dollars Per O
Slide 62: Technology Frees Workers From Low Productivity And Less Interesting Tasks
62 | ARK’s Big Ideas 2026: Robotics Technology Frees Workers From Low Productivity And Less Interesting Tasks For fifty years until 2000, automation and productivity coexisted with a strong and expanding labor market. The divergence after 2000 reflects structural factors—primarily aging demographics
Slide 63: Bitcoin Average Drawdown Was Muted In 2025
63 | ARK Big Ideas 2026: Bitcoin In 2025, The Average Drawdown In Bitcoin’s Price Relative To Its All-Time High Was Muted Growing in its role as a safe-haven asset, bitcoin has become less volatile. Measured across 5-year, 3-year, 1-year, and 3-month time horizons, bitcoin’s drawdowns during 2025 we
Slide 64: Our Assumptions For Bitcoin Growth Have Changed, But Our Forecast Is Roughly The Same
64 | ARK Big Ideas 2026: Bitcoin Our Assumptions For Bitcoin Growth Have Changed, But Our Forecast Is Roughly The Same ARK’s bitcoin forecast for 2030 has been fairly stable, except for changes in two of our contributing assumptions: Digital Gold, the total addressable market (TAM), which increased
Slide 65: Disclosures
65 | Disclosures Disclosures For Professional Investors and Information Purposes only.
Slide 66: Disclosures
66 | Disclosures Marketing Communication / Financial Promotion: Communications issued in the European Economic Area (“EEA”): This marketing communication has been issued by IQ EQ Fund Management (Ireland) Limited (“IQ EQ”) acting in its capacity as the manager of the funds referenced in this documen
Slide 67: Disclosures
67 | Disclosures Marketing Communication / Financial Promotion: ARK UCITS Funds The Rize Cybersecurity and Data Privacy UCITS ETF replicates the Solactive Cybersecurity Leaders Index. An investment in the Fund involves significant risk and is subject to the volatility of technology stocks and exchan
Slide 68: Disclosures
68 | Disclosures Marketing Communication / Financial Promotion: United Kingdom: In the United Kingdom this communication is directed exclusively at, and intended only for, investment professionals under Article 19 of the Financial Promotions Order and high net worth companies, unincorporated associa
Slide 69: Disclosures
69 | Disclosures Marketing Communication / Financial Promotion: Fund Information is available at https://europe.ark-funds.com/. Any decision to invest must be based solely on the Fund Information. Investors should read the fund-specific risks in the relevant prospectus, fund-specific supplements and