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.

KRC Cat Bond UCITS ETF (the Fund) –

ISIN: IE000UWJUW87 Accumulating ETF Share Class A sub-fund of HANetf II ICAV. Managed by HANetf Management Limited (the Manager)

Objectives and Investment Policy

The investment objective of the Fund is to achieve long term

Trigger Events may be non-natural catastrophes, such as investment returns by primarily investing in a portfolio ofcybercrime, plane crashes or other events resulting in a specified catastrophe bonds (Cat Bonds) that may have the potential to

level of physical or economic loss, such as mortality or longevity generate income and capital preservation.

(life-span). The Fund will not invest greater than 10% of its netassets in Cat Bonds which have non-natural Trigger Events. Under normal circumstances, the Fund will invest at least 80% of its net assets in Cat Bonds. Cat Bonds are financial instruments

Investment Policy: The Fund employs an active management that allow insurers and reinsurers to transfer specific risks, investment approach in order to achieve its investment typically those associated with trigger events related to natural

objective. disasters or other perils, such as hurricanes, earthquakes, tsunamis, tornadoes, wildfires, floods, cybercrime and plane

Dealing: Shares of the Fund (Shares) are listed on one or more crashes to capital markets investors (the Trigger Event(s)).

stock exchanges. Typically, only authorised participants (i.e.brokers) can purchase Shares from or sell Shares back to the In order for a Trigger Event to be deemed to have occurred,Fund. Other investors can purchase and sell Shares on exchange three criteria must be satisfied while the bond is outstanding: an on each day the relevant stock exchange is open. event; a geographic area in which the event must occur; and a

Distribution policy: Income received by the Fund’s investments threshold of economic or physical loss caused by the event,will not be distributed in respect of the shares of this class. together with a method to measure such loss.

Instead, it will be accumulated and reinvested on behalf of theshareholders of the Fund. The Fund has no limit as to the types of natural catastrophes, Recommendation: This Fund may not be appropriate for short- geographic areas or thresholds of loss referenced by Cat Bonds term investment. in which it can invest. Within each natural peril and geographic region, the Fund seeks to diversify exposures to underlyingCurrency: The base currency of the Fund is US Dollar. insurance and reinsurance carriers, trigger types and lines of For full investment objectives and policy details, please refer to business.

the supplement to the prospectus for the Fund (the“Supplement”). While most of the Cat Bonds the Fund invests in will have Trigger Events that are natural catastrophes, as described above, some

Risk and Reward Profile Lower risk Higher risk

all or a significant portion of the principal it has invested in aTypically lower rewards

Typically higher rewards

particular security and the right to additional interestpayments with respect to the security. If multiple Trigger123 4 56 7

Events occur that impact a significant portion of the Fund’sportfolio, the Fund could suffer significant losses. In addition,

The categorisation above is not guaranteed to remain unchangedit is possible that certain Trigger Events (such as hurricanes,

and may shift over time.earthquakes and other natural, and, where relevant, non-

The lowest category (1) does not imply a risk-free investment.natural catastrophes) will significantly impact the Fund’s net

The risk indicator was calculated incorporating simulated historicalasset value, market price and volatility in the period leading up

data and may not be a reliable indication of the future risk profile ofto, during, and immediately after, such event as market

the Fund.participants assess the impact and the particular terms of the

The categorisation above is not guaranteed to remain unchangedFund’s investments. A majority of the Fund’s assets will be

and may shift over time.invested directly or indirectly in Cat Bonds tied to specific

The categorisation above (4) is due to the nature of the Fund’sTrigger Events and there is inherent uncertainty as to whether,

investments and risk associated with those investments, including:when or where such Trigger Event(s) will occur. There is no way▪ There is no assurance that any appreciation in the value ofto accurately predict whether a Trigger Events will occur and

investments will occur, or that the investment objective of thebecause of this significant uncertainty, Cat Bonds carry a high

Fund will be achieved.degree of risk.

▪Cat Bond Risk: The Fund is subject to the risk that a Trigger

▪ High-Yield Fixed-Income Securities Risk: High-yield fixed-

Event of a particular size/magnitude actually occurs in aincome securities are fixed-income securities rated below

designated geographic area and as a result, the Fund will loseinvestment grade as classified by any of Standard & Poor’s, Moody’s or Fitch rating agencies. High-yield fixed-income securities are subject to additional risk factors, such as

▪ Liquidity on secondary market risk: There can be no certainty increased possibility of default, illiquidity of the security, and

that Shares can always be bought or sold on a stock exchange changes in value based on public perception of the issuer.

or that the market price will reflect the NAV of the Fund. These securities are generally considered speculative becauseFor a complete overview of all risks attached to this Fund, refer to they present a greater risk of loss, including default, than the section entitled “Risk Factors” in the Supplement and the higher quality debt securities.

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

1.28%**

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: King Ridge Capital Advisors 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 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 19.02.2026