# YieldMax Future of Defence Option Income UCITS ETF USD (NATI)

**Page:** https://fundology.uk/fund/nati · ISIN IE000TAA0GK0

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 13/11/2026, NATI (YieldMax Future of Defence Option Income UCITS ETF USD, ISIN IE000TAA0GK0) closed at £30.46 on the London Stock Exchange. Its ongoing charge is 1.10% a year (about £110 on £10,000).

## Summary

HANetf II ICAV - YieldMax Future of Defence Option Income UCITS ETF USD is an exchange-traded fund (ETF) from HANetf, launched in 2025. It tracks the No Underlying Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 1.1% a year — about £110 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is paid out to holders as cash, usually a few times a year.

Latest close: **£30.46** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | NATI |
| ISIN | IE000TAA0GK0 |
| Also listed as | NATY (London Stock Exchange, US dollars), NA7Y (Xetra, euros) |
| Category | Single sectors |
| Type | ETF |
| Provider | HANetf |
| Income | Distributing |
| Ongoing charge | 1.10% a year (£110 per £10,000) |
| Fund size | £10.4m |
| Launched | 2025 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/04/2025 |

## Calendar-year returns

Calendar-year returns of HANetf II ICAV - YieldMax Future of Defence Option Income UCITS ETF USD in pounds (price only, income paid out not included): 2026 to 13/11/2026 −16.5%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2026 to 13/11/2026 | -16.5% | -19.1% | Price |

## Charges compared with similar funds

Ongoing charge of HANetf II ICAV - YieldMax Future of Defence Option Income UCITS ETF USD 1.10% a year. Compared on 14/11/2026, 0 of the 164 other single-sector funds charge more, 0 the same and 164 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **1.10%** per year (as of 13/11/2026)
- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## Questions people ask

**What is the ongoing charge of NATI?**

The ongoing charge of NATI is 1.10% a year — about £110 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of HANetf II ICAV - YieldMax Future of Defence Option Income UCITS ETF USD 1.10% a year. Compared on 14/11/2026, 0 of the 164 other single-sector funds charge more, 0 the same and 164 less (share classes counted once).

**Is NATI accumulating or distributing?**

NATI is distributing: income is paid out to holders as cash, usually a few times a year. It pays out monthly.

**What is the ISIN of NATI?**

The ISIN of NATI is IE000TAA0GK0. An ISIN identifies one exact share class of a fund; NATI is its ticker on the London Stock Exchange. The same share class is also listed as NATY (London Stock Exchange, US dollars) and NA7Y (Xetra, euros).

**What were NATI’s returns in each of the last five years?**

Calendar-year returns of NATI in pounds (price only, income paid out not included): 2026 to 13/11/2026 −16.5%. Past performance is not a guide to future returns.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.