Key Investor Information

This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to

help you understand the nature and the risks of investing in this fund. You are advised to read it so you can make an informed decision

about whether to invest.

YieldMax™ Big Tech Option Income UCITS ETF (the Fund) –ISIN: IE000MMRLY96 Distributing ETF Share Class A sub-fund of HANetf II ICAV. Managed by HANetf Management Limited (the Manager)

Objectives and Investment Policy

The Fund aims to achieve capital growth through exposure to a

adopted, will depend on market conditions and the ability to portfolio of equities from the technology sector and incomegenerate income on an underlying security. through the associated dividends and option premiumsInvestment Policy: The Fund employs an active management In order achieve its investment objective, the Fund will aim to:

investment approach in order to achieve its investment

(i)

invest at least 80% of its assets in a portfolio of objective.equities or equity related securities, such asDealing: Shares of the Fund (Shares) are listed on one or moreglobal depositary receipts (GDR) and Americanstock exchanges. Typically, only authorised participants (i.e.depositary receipts (ADR) of large capitalisationbrokers) can purchase Shares from or sell Shares back to thecompanies from the technology and technologyFund. Other investors can purchase and sell Shares on exchangerelated sectors;on each day the relevant stock exchange is open.

(ii)

seek additional income through theimplementation of option income strategiesDistribution policy: Income generated by the Fund’sbased upon listed call options. The Investmentinvestments will be distributed monthly in respect of the SharesManager will select constituents from the 200of this class.largest, by market capitalisation, listedcompanies in the technology and technologyRecommendation: This Fund may not be appropriate for short-related sectors.term investment. The Investment Manager will implement option strategies usingCurrency: The base currency of the Fund is US Dollar. listed call options on an underlying security to generateFor full investment objectives and policy details, please refer to additional income. The two types of option income strategiesthe Supplement. which will be followed, will be either a traditional covered call strategy and a covered call spread strategy. The strategy

Risk and Reward Profile

Lower riskHigher riskno guarantee that the Fund’s investment objective will be Typically lower rewards Typically higher rewards achieved based on the investments selected.

Covered Call Options Strategy Risk: While the Fund uses a1 23 4567

covered call option strategy which is intended to provide The categorisation above is not guaranteed to remain unchangedincome, there is no guarantee that the derivative strategy will and may shift over time.

achieve this. The Fund may forego some capital appreciation The lowest category (1) does not imply a risk-free investment.potential, while retaining the risk of loss should the price of the The risk indicator was calculated incorporating simulated historical

underlying securities decline. Selling call options will create data and may not be a reliable indication of the future risk profile

exposure for the Fund, as it may have to deliver the underlying of the Fund.

securities or their value and, should the market move The categorisation above (6) is due to the nature of the Fund’s

unfavourably, this may result in an unlimited loss. The investments and risk associated with those investments, including:maximum loss for the seller of a call option is potentially

unlimited if the option seller does not hold the underlying  The value of underlying securities can be affected by daily

securities which underlies the options. financial market movements. Other influential factors include political, economic news, company earnings and significant

Derivatives risk: Derivatives can behave unexpectedly. The corporate events. pricing and volatility of derivatives may diverge from pricing

and volatility of their underlying references  There is no assurance that any appreciation in the value of

Sector Concentration Risk: To the extent that the Fund invests investments will occur, or that the investment objective of the

a significant portion of its assets in the securities of companies Fund will be achieved.

of a particular sector, it is more likely to be impacted by events  Active Management Risk: The Fund’s assets will be actively

or conditions affecting that sector. The fund will aim to investa managed by the Investment Manager who will have

large percentage of its assets in the technology and technology discretion (subject to the Fund’s investment restrictions) to related sectors invest the Fund’s assets in investments that it considers will

Risks not covered by the indicator, but which are materially relevant enable the Fund to achieve its investment objective. There is to the Fund include:It may be difficult for the Fund to buy or sell certain investments in  Liquidity on secondary market risk: There can be no certainty some market conditions. Consequently, the price obtained when the that Shares can always be bought or sold on a stock exchangeFund buys or sells securities may compare adversely to the price under or that the market price will reflect the NAV of the Fund.

normal market conditions.  Currency Risk: The Fund may invest in securities denominated

For a complete overview of all risks attached to this Fund, refer to in currencies other than the base currency. Changes in the

the section entitled “Risk Factors” in the Supplement and the exchange rates may adversely affect the performance of the

Prospectus. fund.Charges

The charges you pay are used to pay the costs of running the Fund,

Since the Fund is an ETF, secondary market investors will not

including the costs of marketing and distributing it. These charges reduce

typically be able to deal directly with HANetf II ICAV. Investors

the potential growth of your investment. buying Shares on exchange will do so at market prices which

One-off charges taken before or after you investwill reflect broker fees and/or transactions charges and bid-ask

Entry charge 0%*spreads as well as underlying company prices at the time of

Exit charge

0%*trading on the secondary market.

* Authorised participants dealing directly with the Fund will pay

related transaction costs.

Charges taken from the Fund over a year

* For Investors dealing directly with the Fund, switching

Ongoing charges

0.99%** between sub-funds may incur a maximum switching charge of

3%.

Charges taken from the Fund under certain specific

** The ongoing charges are paid to the Manager which is

conditions

responsible for discharging from its fee the cost of operating

Performance feeNone

the Fund. It excludes portfolio transaction costs, except in the

* Authorised participants dealing directly with the Fund may pay an entrycase of an entry/exit charge paid by the Fund when buying or

charge up to a maximum of 5% and an exit charge up to a maximum of

selling units in another investment fund.

3%. The Fund is currently not exercising its entitlement to apply entry

Please see "General Charges and Expenses" and "Management

and exit charges.Charges and Expenses" sections of the Prospectus and

"Charges and Expenses" and "Key Information for Share

Dealing" sections of the Supplement for further information

about charges.

Past Performance

There is insufficient data to provide a useful indication of past performance to investors

Practical Information

Investment Manager: Tidal Investments LLCSwitching: Switching of Shares between sub-funds of HANetf II

Depositary: U.S. Bank Europe DAC trading as U.S. Bank Depositary ICAV is not possible for investors who purchase shares on

Services Limited exchange. Switching may be available to authorised

Administrator: U.S. Bank Global Fund Services (Ireland) Limited. participants who deal directly with the Fund.

Segregated liability: The Fund is a sub-fund of HANetf II ICAV,

Further information: Copies of the Prospectus documentation and the

an umbrella Irish collective asset-management vehicle. Under

latest financial statements are available free of charge from theIrish law the assets and liabilities of the Fund are segregated

Administrator. The Prospectus and financial statements are prepared for

from other sub-funds within HANetf II ICAV and the assets of

HANetf II ICAV rather than separately for the Fund. Further information

the Fund will not be available to satisfy the liabilities of another

on the composition of the portfolio is available at www.HANetf.com.

fund of HANetf II ICAV.

Remuneration Policy: Details of the Manager’s remuneration policy,

Taxation: HANetf II ICAV is resident in Ireland for taxation

including a description of how remuneration and benefits are calculated

purposes. Irish taxation legislation may impact on the personal

and the identities of the persons responsible for awarding such

tax position of an investor.

remuneration/benefits, can be accessed from the following website:

Liability statement: The Manager may be held liable solely on

www.hanetf.com. A paper copy of these policy details is also available

the basis of any statement contained in this document that is

free of charge from the Manager upon request.misleading, inaccurate or inconsistent with the relevant parts of

Pricing information: The net asset value of the share class will be

the Prospectus.

available during normal business hours every business day at the office

of the Administrator and will be published daily on www.hanetf.com.

This Fund is authorised in Ireland and regulated by the Central Bank of Ireland.

HANetf Management Limited is authorised in Ireland and regulated by the Central Bank of Ireland.

This key investor information is accurate as at 21.03.2025