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® Semiconductor Option Income UCITS ETF (the Fund) –

ISIN: IE000T8QD852 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

Investment Policy: The Fund employs an active management portfolio of equities from the semiconductor industry and

investment approach in order to achieve its investment income through the associated dividends and option premiums.

objective.

In order to achieve its investment objective, the Fund will aim to Dealing: Shares of the Fund (Shares) are listed on one or more (i)

invest at least 80% of its assets in a portfolio of global

stock exchanges. Typically, only authorised participants (i.e. equities or equity related securities, such as global depositary

brokers) can purchase Shares from or sell Shares back to the receipts (GDR) and American depositary receipts (ADR), of

Fund. Other investors can purchase and sell Shares on exchange companies from the semiconductor industry; and on each day the relevant stock exchange is open. (ii)

seek additional income through the implementation of option income strategies based upon listed call options.

Distribution policy: Income generated by the Fund’sinvestments will be distributed monthly in respect of the Shares The Investment Manager will then implement option strategies

of this class. using listed call options on an underlying security to generate additional income. The two types of option income strategies

Recommendation: This Fund may not be appropriate for short- which will be followed, will be either a traditional covered call

term investment. strategy and a covered call spread strategy. The strategy adopted, will depend on market conditions and the ability to

Currency: The base currency of the Fund is US Dollar. generate income on an underlying security. The fund will give

For full investment objectives and policy details, please refer to priority to dividends, rather than to capital growth, and may at

the supplement to the prospectus for the Fund (the times distribute capital gains.“Supplement”). Risk and Reward Profile Lower risk

Higher risk Covered Call Option Strategy Risk: While the Fund uses aTypically lower rewards

Typically higher rewards

covered call option strategy which is intended to provide income, there is no guarantee that the derivative strategy will123 4 56 7

achieve this. The Fund may forego some capital appreciation potential, while retaining the risk of loss should the price of the

The categorisation above is not guaranteed to remain unchanged underlying securities decline. Selling call options will create

and may shift over time. exposure for the Fund, as it may have to deliver the underlying

The lowest category (1) does not imply a risk-free investment. securities or their value and, should the market move

The risk indicator was calculated incorporating simulated historical unfavourably, this may result in an unlimited loss. The

data and may not be a reliable indication of the future risk profile of maximum loss for the seller of a call option is potentially

the Fund. unlimited if the option seller does not hold the underlying

The categorisation above is not guaranteed to remain unchanged securities which underlies the options

and may shift over time.

 Semiconductor Industry Risk: The Fund will be sensitive to,

The categorisation above (7) is due to the nature of the Fund’s and its performance may depend to a greater extent on, the

investments and risk associated with those investments, including: overall condition of the semiconductor industry. Competitive There is no assurance that any appreciation in the value of pressures may have a significant effect on the financial

investments will occur, or that the investment objective of the condition of companies in the semiconductor industry. The

Fund will be achieved. Fund is subject to the risk that companies that are in the Active Management Risk: The Fund’s assets will be actively semiconductor industry may be similarly affected by particular

managed by the Investment Manager who will have discretion economic or market events. As product cycles shorten and

(subject to the Fund’s investment restrictions) to invest the manufacturing capacity increases, these companies may

Fund’s assets in investments that it considers will enable the become increasingly subject to aggressive pricing, which

Sub-Fund to achieve its investment objective. There is no hampers profitability. Semiconductor companies are

guarantee that the Fund’s investment objective will be vulnerable to wide fluctuations in securities prices due to rapid

achieved based on the investments selected. product obsolescence. Many semiconductor companies may not successfully introduce new products, develop and maintain a loyal customer base or achieve general market acceptance

Risks not covered by the indicator, but which are materially for their products, and failure to do so could have a material

relevant to the Fund include: adverse effect on their business, results of operations and financial condition. Reduced demand for end-user products,

 changes to the Fund's portfolio and other Fund expenses. underutilisation of manufacturing capacity, and other factors Liquidity on secondary market risk: There can be no certainty could adversely impact the operating results of companies inthat Shares can always be bought or sold on a stock exchange the semiconductor industry. Semiconductor companies or that the market price will reflect the NAV of the Fund. typically face high capital costs and such companies may needFor a complete overview of all risks attached to this Fund, refer to additional financing, which may be difficult to obtain.

the section entitled “Risk Factors” in the Supplement and the

Prospectus.

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

0.99%**

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: Tidal Investments, 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 29.01.2026