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.

Infrastructure Capital S&P 500 Option Income UCITS ETF (the Fund) –ISIN: IE000SKTEI24 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 generate a high level of current income,

option contracts that provide exposure to S&P 500 Companies distributed on a monthly basis, while also seeking capital

or to the economic characteristics of the Index. appreciation. Investment Policy The Fund employs an active management in order to achieve its investment objective, the Fund will invest

investment approach in order to achieve its investment in a manner consistent with the UCITS Regulations and Central

objective. Bank requirements, in a portfolio of equity securities and option contracts with economic characteristics similar to such Dealing: Shares of the Fund (Shares) are listed on one or more investments held in the S&P 500 Index (the Index or S&P 500 stock exchanges. Typically, only authorised participants (i.e. Companies). brokers) can purchase Shares from or sell Shares back to the

The Fund will not seek to track or replicate the Index. The Index

Fund. Other investors can purchase and sell Shares on exchange will not constrain the management of the Fund in any way andon each day the relevant stock exchange is open. the Fund may invest in securities that are not included in the Index, provided such investments are consistent with the Fund’s Distribution policy: Income generated by the Fund’s investment objective and policy.investments will be distributed monthly in respect of the Shares of this class. To assist the Investment Manager’s portfolio management process, the Investment Manager may purchase and write put

Recommendation: This Fund may not be appropriate for short- and call options in an effort to (i) generate additional income and term investment. reduce volatility in the portfolio, (ii) remove or add securities from the portfolio (i.e., convertible securities), (iii) facilitate total

Currency: The base currency of the Fund is US Dollar. return opportunities, and (iv) hedge against market risks or other

For full investment objectives and policy details, please refer to risks in the Fund’s portfolio. Under normal conditions, the Fundthe supplement to the prospectus for the Fund (the will invest at least 80% of its net assets in equity securities and “Supplement”).

Risk and Reward Profile Lower risk Higher riskThere is no guarantee that the Sub-Fund’s investmentTypically lower rewards

Typically higher rewards objective will be achieved based on the investments selected. 1 2

3 4 56 7 ▪ Covered Call Option Strategy Risk: While the Sub-Fund uses a covered call option strategy which is intended to provide

The categorisation above is not guaranteed to remain unchanged income, there is no guarantee that the derivative strategy will

and may shift over time. achieve this. The Sub-Fund may forego some capital

The lowest category (1) does not imply a risk-free investment. appreciation potential, while retaining the risk of loss should

The risk indicator was calculated incorporating simulated historical the price of the underlying securities decline. Selling call

data and may not be a reliable indication of the future risk profile of options will create exposure for the Sub-Fund, as it may have

the Fund. to deliver the underlying securities or their value and, should

The categorisation above is not guaranteed to remain unchanged the market move unfavourably, this may result in an unlimited

and may shift over time. loss. The maximum loss for the seller of a call option is

The categorisation above (5) is due to the nature of the Fund’s potentially unlimited if the option seller does not hold the

investments and risk associated with those investments, including: underlying securities which underlies the options.▪ There is no assurance that any appreciation in the value of

investments will occur, or that the investment objective of the

▪ Option Strategy and Basis Risk: As described under Covered

Fund will be achieved. Call Option Strategy Risk, the Sub‑Fund may write call options▪ Active Management Risk: The Sub-Fund’s assets will be as part of its option income strategy, including call options on

actively managed by the Investment Manager who will have an index or on securities where the option position is not

discretion (subject to the Sub-Fund’s investment restrictions) directly offset by an exact corresponding holding of the

to invest the Sub-Fund’s assets in investments that it considers relevant underlying security. While the Sub‑Fund seeks to

will enable the Sub-Fund to achieve its investment objective. manage such exposure on a portfolio basis in accordance with its risk management process, there can be no assurance that the performance of the securities held by the Sub‑Fund will fully correlate with the performance of the options written. In

▪ Liquidity on secondary market risk: There can be no certainty such circumstances, the Sub‑Fund may be exposed to basisthat Shares can always be bought or sold on a stock exchange risk, whereby movements in the value of the options written or that the market price will reflect the NAV of the Fund. are not fully offset by movements in the value of theFor a complete overview of all risks attached to this Fund, refer to Sub‑Fund’s holdings, which may result in increased volatilitythe section entitled “Risk Factors” in the Supplement and the and may adversely affect the Sub-Fund’s performance. Prospectus.

Risks not covered by the indicator, but which are materially

relevant to the Fund include:

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 invest

will 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 payrelated transaction costs. Charges taken from the Fund over a year* For Investors dealing directly with the Fund, switching Ongoing charges

0.80%**

between sub-funds may incur a maximum switching charge of3%. 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 feeNonethe Fund. It excludes portfolio transaction costs, except in the * Authorised participants dealing directly with the Fund may pay an entry

case 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 entryPlease 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 ShareDealing" sections of the Supplement for further informationabout charges. Past Performance

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

Practical Information Investment Manager: Infrastructure Capital Advisors, LLC

Switching: 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 thean umbrella Irish collective asset-management vehicle. Under latest financial statements are available free of charge from the

Irish law the assets and liabilities of the Fund are segregated Administrator. The Prospectus and financial statements are prepared forfrom other sub-funds within HANetf II ICAV and the assets of HANetf II ICAV rather than separately for the Fund. Further informationthe 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 calculatedpurposes. Irish taxation legislation may impact on the personal and the identities of the persons responsible for awarding suchtax 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 bethe 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 03.07.2026