Time-and angle-resolved photoemission spectroscopy (trARPES) employing a 500 kHz extreme-ultraviolet (XUV) light source operating at 21.7 eV probe photon energy is reported. Based on a high-power ytterbium laser, optical parametric chirped pulse amplification (OPCPA), and ultraviolet-driven high-harmonic generation, the light source produces an isolated high-harmonic with 110 meV bandwidth and a flux of more than 10 11 photons/second on the sample. Combined with a stateof-the-art ARPES chamber, this table-top experiment allows high-repetition rate pump-probe experiments of electron dynamics in occupied and normally unoccupied (excited) states in the entire Brillouin zone and with a temporal system response function below 40 fs. function A(k,ω) and a matrix element between the initial and final state |M k if | 2 ; here k and ω denote the electron's wavevector and angular frequency, respectively. Many-body effects are encoded in the spectral function A(k,ω) and manifest themselves in renormalization of the bare electronic bands and in the observed lineshape 1 . In a trARPES experiment, the distribution I(k,ω) is collected for a series of delays (τ ) between pump and probe pulses: after perturbation, the population distribution f(k,ω,τ ) evolves towards a quasi-thermal distribution and energetically relaxes on femto-to picosecond timescales 2 . During relaxation, the concomitant many-body interactions affect the transient spectral function A(k,ω,τ ) and even the photoemission matrix elements might change, if the final state's orbital symmetry is altered 3 . trARPES accesses at once the population dynamics, the evolution of the spectral function and the evolution of matrix elements. trARPES has found increasingly successful applications in the past few decades 4-6 : among many examples, trARPES was used to study photo-induced phase transitions 7-11 and to observe electronic states above the Fermi level, unoccupied under equilibrium conditions [12][13][14][15][16] . Energy conservation in the photoemission processes imposes that a femtosecond light source for trARPES must possess a photon energy ω ph exceeding the work function Φ, which in most materials lies in the range between 4 to 6 eV. Ultraviolet femtosecond light sources are thus required for these experiments.The conservation of the electrons' in-plane momentum ( k ) in the photoemission process allows reciprocal space resolution. The advantage of a probe with high photon energy is Journal of Electron Spectroscopy and Related Phenomena 200, 15 (2015). 79 SPECS Surface Nano Analysis GmbH, product spectrometer PHOIBOS TM 150 (2013), see