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® Future of Defence Option Income UCITS ETF (the Fund) – ISIN: IE000TAA0GK0 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 apriority to dividends, rather than to capital growth, and may at portfolio of equities from the defence, aerospace, cyber securitytimes distribute capital gains. and other defence technology related industries and income through the associated dividends and option premiums.Investment Policy: The Fund employs an active management

investment approach in order to achieve its investment In order achieve its investment objective, the Fund will aim to: objective.

(i)

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

Dealing: Shares of the Fund (Shares) are listed on one or moreequities or equity related securities, such as

stock exchanges. Typically, only authorised participants (i.e.global depositary receipts (GDR) and American

brokers) can purchase Shares from or sell Shares back to thedepositary receipts (ADR) of companies from the

Fund. Other investors can purchase and sell Shares on exchangedefence, aerospace, cyber security and other

on each day the relevant stock exchange is open.defence technology related industries;

(ii)

seek

additional

income

through

the

Distribution policy: Income generated by the Fund’simplementation of option income strategies

investments will be distributed monthly in respect of the Sharesbased upon listed call options.

of this class. The Investment Manager will implement option strategies using

Recommendation: This Fund may not be appropriate for short- listed call options on an underlying security to generate

term investment. additional income. The two types of option income strategies which will be followed, will be either a traditional covered call

Currency: The base currency of the Fund is US Dollar. strategy and a covered call spread strategy. The strategy

For full investment objectives and policy details, please refer to adopted, will depend on market conditions and the ability to

the Supplement. generate income on an underlying security. The fund will give

Risk and Reward Profile

Lower riskHigher risk

achieved based on the investments selected. Typically lower rewards Typically higher rewards ▪

Covered Call Options Strategy Risk: While the Fund uses a covered call option strategy which is intended to provide1 23 4567income, there is no guarantee that the derivative strategy will The categorisation above is not guaranteed to remain unchanged

achieve this. The Fund may forego some capital appreciation and may shift over time.potential, while retaining the risk of loss should the price of the The lowest category (1) does not imply a risk-free investment.

underlying securities decline. Selling call options will create The risk indicator was calculated incorporating simulated historicalexposure for the Fund, as it may have to deliver the underlying data and may not be a reliable indication of the future risk profilesecurities or their value and, should the market move of the Fund.unfavourably, this may result in an unlimited loss. The The categorisation above (6) is due to the nature of the Fund’s maximum loss for the seller of a call option is potentially investments and risk associated with those investments, including:

unlimited if the option seller does not hold the underlying securities which underlies the options. ▪ The value of underlying securities can be affected by daily financial market movements. Other influential factors include•

Derivatives risk: Derivatives can behave unexpectedly. The political, economic news, company earnings and significant

pricing and volatility of derivatives may diverge from pricing corporate events.

and volatility of their underlying references

•

Sector Concentration Risk: The Fund shall invest predominantly ▪ There is no assurance that any appreciation in the value of in companies in the defence sector and where a Fund invests a investments will occur, or that the investment objective of the significant portion of its assets in the securities of companies of Fund will be achieved. a sector, it is more likely to be impacted by events or conditions ▪ Active Management Risk: The Fund’s assets will be activelyaffecting that sector. For example, the defence industry can be managed by the Investment Manager who will have significantly affected by government regulation and spending discretion (subject to the Fund’s investment restrictions) to

policies because companies involved in this industry rely, to a invest the Fund’s assets in investments that it considers will

significant extent, on government demand for their products enable the Fund to achieve its investment objective. There is

and services. The financial condition of these companies is no guarantee that the Fund’s investment objective will be heavily influenced by government defence spending, whichexchange rates may adversely affect the performance of the may be reduced in efforts to control government budgets.fund. •

It may be difficult for the Fund to buy or sell certain investments in Risks not covered by the indicator, but which are materially relevant

some market conditions. Consequently, the price obtained when the to the Fund include:Fund buys or sells securities may compare adversely to the price under ▪ Liquidity on secondary market risk: There can be no certainty normal market conditions. that Shares can always be bought or sold on a stock exchangeFor a complete overview of all risks attached to this Fund, refer to or that the market price will reflect the NAV of the Fund.

the section entitled “Risk Factors” in the Supplement and the ▪ Currency Risk: The Fund may invest in securities denominated

Prospectus. in currencies other than the base currency. Changes in the

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 19.02.2026