# EDGAR Filing Document

**Accession Number:** 0001924868
**File Stem:** 0000894189-25-020437
**Filing Date:** 2025-12
**Character Count:** 42320
**Document Hash:** e2a0223316779557877da8102f1a1d98
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-020437.hdr.sgml**: 20251230

**ACCESSION NUMBER**: 0000894189-25-020437

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251230

**DATE AS OF CHANGE**: 20251230

**PERIOD START**: 20260731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tidal Trust II
- **CENTRAL INDEX KEY:** 0001924868

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23793
- **FILM NUMBER:** 251613569

**BUSINESS ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET, SUITE 203
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53204
- **BUSINESS PHONE:** (844) 986-7676

**MAIL ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET, SUITE 203
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53204

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Tidal ETF Trust II
- **DATE OF NAME CHANGE:** 20220421

## Series and Classes Contracts Data

### YieldMax(R) Target 12(TM) Semiconductor Option Income ETF (Series ID: S000088627)

| Class ID   | Class Name                                                | Ticker Symbol   |
|:---|:---|:---|
| C000254952 | YieldMax(R) Target 12(TM) Semiconductor Option Income ETF | SOXY            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **YieldMax Target 12 Semiconductor Option Income ETF** | **YieldMax Target 12 Semiconductor Option Income ETF** | **YieldMax Target 12 Semiconductor Option Income ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **October 31, 2025 (Unaudited)** | **October 31, 2025 (Unaudited)** | **October 31, 2025 (Unaudited)** |
| **COMMON STOCKS - 69.7%** | **Shares** | **Value**  |
| **Semiconductors - 66.3%<sup>(a)</sup>** | **Semiconductors - 66.3%<sup>(a)</sup>** | |
| Advanced Micro Devices, Inc. <sup>(b)(c)(d)</sup> | 3184 | $815486 |
| Analog Devices, Inc. <sup>(c)(d)</sup> | 1752 | 410196 |
| Applied Materials, Inc. <sup>(c)(d)</sup> | 2923 | 681351 |
| ARM Holdings PLC - ADR <sup>(b)(c)(d)</sup> | 3341 | 567369 |
| ASE Technology Holding Co. Ltd. - ADR <sup>(c)(d)</sup> | 7331 | 117369 |
| ASML Holding NV <sup>(c)(d)</sup> | 1331 | 1409835 |
| Broadcom, Inc. <sup>(c)(d)</sup> | 432 | 159680 |
| Intel Corp. <sup>(b)(c)(d)</sup> | 32 | 1280 |
| KLA Corp. <sup>(c)(d)</sup> | 341 | 412180 |
| Lam Research Corp. <sup>(c)(d)</sup> | 3603 | 567328 |
| Marvell Technology, Inc. <sup>(c)(d)</sup> | 3692 | 346088 |
| Microchip Technology, Inc. <sup>(c)(d)</sup> | 2030 | 126713 |
| Micron Technology, Inc. <sup>(c)(d)</sup> | 4030 | 901793 |
| Monolithic Power Systems, Inc. <sup>(c)(d)</sup> | 182 | 182910 |
| NVIDIA Corp. <sup>(c)(d)</sup> | 13 | 2632 |
| NXP Semiconductors NV <sup>(c)(d)</sup> | 911 | 190508 |
| ON Semiconductor Corp. <sup>(b)(c)(d)</sup> | 1863 | 93299 |
| QUALCOMM, Inc. <sup>(c)(d)</sup> | 3444 | 623020 |
| STMicroelectronics NV <sup>(c)(d)</sup> | 3320 | 81241 |
| Taiwan Semiconductor Manufacturing Co. Ltd. - ADR <sup>(c)(d)</sup> | 6184 | 1857859 |
| Teradyne, Inc. <sup>(c)(d)</sup> | 702 | 127596 |
| Texas Instruments, Inc. <sup>(c)(d)</sup> | 2960 | 477922 |
| United Microelectronics Corp. - ADR <sup>(c)(d)</sup> | 9261 | 71402 |
|  |  | 10225057 |
| **Software - 3.4%** | **Software - 3.4%** |  |
| Cadence Design Systems, Inc. <sup>(b)(c)(d)</sup> | 901 | 305160 |
| Synopsys, Inc. <sup>(b)(c)(d)</sup> | 483 | 219195 |
|  |  | 524355 |
| **TOTAL COMMON STOCKS** (Cost $9,123,828) | **TOTAL COMMON STOCKS** (Cost $9,123,828) | 10749412 |

---

---

| | | | |
|:---|:---|:---|:---|
| **PURCHASED OPTIONS - 10.9% <sup>(b)</sup>** | **Notional Amount** | **Contracts** | |
| **Call Options - 10.9% <sup>(c)(e)(f)</sup>** | **Call Options - 10.9% <sup>(c)(e)(f)</sup>** | | |
|  Advanced Micro Devices, Inc., Expiration: 11/21/2025; Exercise Price: $270.00 | $793972 | 31 | 36812 |
|  Applied Materials, Inc., Expiration: 11/21/2025; Exercise Price: $250.00 | 675990 | 29 | 14645 |
|  ARM Holdings PLC, Expiration: 11/21/2025; Exercise Price: $190.00 | 560406 | 33 | 16500 |
|  ASML Holding NV, Expiration: 11/21/2025; Exercise Price: $1,160.00 | 1376999 | 13 | 13000 |
| Broadcom, Inc. | Broadcom, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiration: 11/07/2025; Exercise Price: $260.00 | 1071927 | 29 | 320160 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiration: 11/21/2025; Exercise Price: $420.00 | 1219779 | 33 | 10313 |
|  Cadence Design Systems, Inc., Expiration: 11/21/2025; Exercise Price: $375.00 | 304821 | 9 | 1620 |
| Intel Corp. | Intel Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiration: 11/07/2025; Exercise Price: $30.00 | 755811 | 189 | 188527 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiration: 11/21/2025; Exercise Price: $44.00 | 755811 | 189 | 20601 |
|  KLA Corp., Expiration: 11/21/2025; Exercise Price: $1,250.00 | 362622 | 3 | 10500 |
|  Lam Research Corp., Expiration: 11/21/2025; Exercise Price: $155.00 | 566856 | 36 | 33120 |
|  Marvell Technology, Inc., Expiration: 11/21/2025; Exercise Price: $105.00 | 337464 | 36 | 7020 |
|  Microchip Technology, Inc., Expiration: 11/21/2025; Exercise Price: $80.00 | 124840 | 20 | 500 |
|  Micron Technology, Inc., Expiration: 11/21/2025; Exercise Price: $230.00 | 895080 | 40 | 46600 |
|  Monolithic Power Systems, Inc., Expiration: 11/21/2025; Exercise Price: $1,160.00 | 100500 | 1 | 825 |
| NVIDIA Corp. | NVIDIA Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiration: 11/07/2025; Exercise Price: $145.00 | 2814611 | 139 | 805158 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiration: 11/21/2025; Exercise Price: $210.00 | 2814611 | 139 | 91740 |
|  NXP Semiconductors NV, Expiration: 11/21/2025; Exercise Price: $240.00 | 188208 | 9 | 877 |
|  ON Semiconductor Corp., Expiration: 11/21/2025; Exercise Price: $65.00 | 90144 | 18 | 900 |
|  QUALCOMM, Inc., Expiration: 11/21/2025; Exercise Price: $175.00 | 615060 | 34 | 38590 |
|  STMicroelectronics NV, Expiration: 11/21/2025; Exercise Price: $31.00 | 70963 | 29 | 73 |
|  Taiwan Semiconductor Manufacturing Co. Ltd., Expiration: 11/21/2025; Exercise Price: $330.00 | 1832623 | 61 | 15555 |
|  Teradyne, Inc., Expiration: 11/21/2025; Exercise Price: $185.00 | 127232 | 7 | 5145 |
| Texas Instruments, Inc. | Texas Instruments, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiration: 11/21/2025; Exercise Price: $182.50 | 96876 | 6 | 333 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiration: 11/21/2025; Exercise Price: $200.00 | 371358 | 23 | 241 |
| **TOTAL PURCHASED OPTIONS** (Cost $1,616,851) | **TOTAL PURCHASED OPTIONS** (Cost $1,616,851) | **TOTAL PURCHASED OPTIONS** (Cost $1,616,851) | 1679355 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 22.8%** | **MONEY MARKET FUNDS - 22.8%** | **Shares** |  |
| First American Government Obligations Fund - Class X, 4.03% <sup>(d)(g)</sup> | First American Government Obligations Fund - Class X, 4.03% <sup>(d)(g)</sup> | 3507126 | 3507126 |
| **TOTAL MONEY MARKET FUNDS** (Cost $3,507,126) | **TOTAL MONEY MARKET FUNDS** (Cost $3,507,126) | **TOTAL MONEY MARKET FUNDS** (Cost $3,507,126) | 3507126 |
| **TOTAL INVESTMENTS - 103.4% (**Cost $14,247,805**)** | **TOTAL INVESTMENTS - 103.4% (**Cost $14,247,805**)** | **TOTAL INVESTMENTS - 103.4% (**Cost $14,247,805**)** | 15935893 |
| Liabilities in Excess of Other Assets - (3.4)% | Liabilities in Excess of Other Assets - (3.4)% | Liabilities in Excess of Other Assets - (3.4)% | (524082) |
| **TOTAL NET ASSETS - 100.0%** | 0.0% | 0.0% | $15411811 |
| two | two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |

---

ADR - American Depositary Receipt <br> PLC - Public Limited Company

(a) To the extent that the Fund invests more heavily in particular industries or sectors of the economy, its performance will be especially sensitive to developments that significantly affect those
 industries or sectors.

(b) Non-income producing security.

(c) Held in connection with written option contracts. See Schedule of Written Options for further information.

(d) All or a portion of security has been pledged as collateral for written options. The fair value of assets committed as collateral as of October 31, 2025 is $11,238,402.

(e) Exchange-traded.

(f) 100 shares per contract.

(g) The rate shown represents the 7-day annualized yield as of October 31, 2025.

------

---

| | | | |
|:---|:---|:---|:---|
| **YieldMax Target 12 Semiconductor Option Income ETF** | **YieldMax Target 12 Semiconductor Option Income ETF** | **YieldMax Target 12 Semiconductor Option Income ETF** | **YieldMax Target 12 Semiconductor Option Income ETF** |
| **Schedule of Written Options** | **Schedule of Written Options** | **Schedule of Written Options** | **Schedule of Written Options** |
| **October 31, 2025 (Unaudited)** | **October 31, 2025 (Unaudited)** | **October 31, 2025 (Unaudited)** | **October 31, 2025 (Unaudited)** |
| **WRITTEN OPTIONS - (3.9)%** | **Notional Amount** | **Contracts** | **Value** |
| **Call Options - (3.9)%<sup>(a)(b)</sup>** | **Call Options - (3.9)%<sup>(a)(b)</sup>** | **Call Options - (3.9)%<sup>(a)(b)</sup>** | **Call Options - (3.9)%<sup>(a)(b)</sup>** |
| Advanced Micro Devices, Inc., Expiration: 11/21/2025; Exercise Price: $260.00 | $(793972) | (31) | $(48980) |
| Analog Devices, Inc., Expiration: 11/21/2025; Exercise Price: $260.00 | (398021) | (17) | (1573) |
| Applied Materials, Inc., Expiration: 11/21/2025; Exercise Price: $240.00 | (675990) | (29) | (23998) |
| ARM Holdings PLC, Expiration: 11/21/2025; Exercise Price: $180.00 | (560406) | (33) | (26235) |
| ASE Technology Holding Co. Ltd., Expiration: 11/21/2025; Exercise Price: $15.00 | (116873) | (73) | (9672) |
| ASML Holding NV, Expiration: 11/21/2025; Exercise Price: $1,100.00 | (1376999) | (13) | (31200) |
| Broadcom, Inc., Expiration: 11/21/2025; Exercise Price: $390.00 | (1219779) | (33) | (29288) |
| Cadence Design Systems, Inc., Expiration: 11/21/2025; Exercise Price: $355.00 | (304821) | (9) | (4995) |
| Intel Corp., Expiration: 11/21/2025; Exercise Price: $42.00 | (755811) | (189) | (30051) |
| KLA Corp., Expiration: 11/21/2025; Exercise Price: $1,200.00 | (362622) | (3) | (17400) |
| Lam Research Corp., Expiration: 11/21/2025; Exercise Price: $150.00 | (566856) | (36) | (43830) |
| Marvell Technology, Inc., Expiration: 11/21/2025; Exercise Price: $100.00 | (337464) | (36) | (11520) |
| Microchip Technology, Inc., Expiration: 11/21/2025; Exercise Price: $75.00 | (124840) | (20) | (1100) |
| Micron Technology, Inc., Expiration: 11/21/2025; Exercise Price: $220.00 | (895080) | (40) | (65500) |
| Monolithic Power Systems, Inc., Expiration: 11/21/2025; Exercise Price: $1,120.00 | (100500) | (1) | (1245) |
| NVIDIA Corp., Expiration: 11/21/2025; Exercise Price: $200.00 | (2814611) | (139) | (156027) |
| NXP Semiconductors NV, Expiration: 11/21/2025; Exercise Price: $230.00 | (188208) | (9) | (1800) |
| ON Semiconductor Corp., Expiration: 11/21/2025; Exercise Price: $60.00 | (90144) | (18) | (1746) |
| QUALCOMM, Inc., Expiration: 11/21/2025; Exercise Price: $170.00 | (615060) | (34) | (51340) |
| STMicroelectronics NV |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 11/21/2025; Exercise Price: $28.00 | (17129) | (7) | (70) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 11/21/2025; Exercise Price: $29.00 | (63622) | (26) | (260) |
| Synopsys, Inc., Expiration: 11/21/2025; Exercise Price: $520.00 | (181528) | (4) | (930) |
| Taiwan Semiconductor Manufacturing Co. Ltd., Expiration: 11/21/2025; Exercise Price: $320.00 | (1832623) | (61) | (27755) |
| Teradyne, Inc., Expiration: 11/21/2025; Exercise Price: $180.00 | (127232) | (7) | (6825) |
| Texas Instruments, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 11/21/2025; Exercise Price: $175.00 | (96876) | (6) | (696) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 11/21/2025; Exercise Price: $190.00 | (371358) | (23) | (1127) |
| United Microelectronics Corp., Expiration: 11/21/2025; Exercise Price: $8.00 | (70932) | (92) | (1380) |
| **TOTAL WRITTEN OPTIONS** (Premiums received $474,374) |  |  | $(596543) |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |

---

(a) Exchange-traded.

(b) 100 shares per contract.

------

#### Summary of Fair Value Disclosure as of October 31, 2025 (Unaudited)
YieldMax Target 12 Semiconductor Option Income ETF (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of October 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $10749412 | $– | $– | $10749412 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Purchased Options | – | 1679355 | – | 1679355 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 3507126 | – | – | 3507126 |
| Total Investments | $14256538 | $1679355 | $– | $15935893 |
| **Liabilities:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Written Options | $– | $(596543) | $– | $(596543) |
| Total Investments | $– | $(596543) | $– | $(596543) |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Tidal Trust II

- **b. Investment Company Act file number:** 811-23793

- **c. CIK number of Registrant:** 0001924868

- **d. LEI of Registrant:** 549300BGXECFCIZF2P89

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 234 West Florida Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53204

  - **Telephone number:** 844-986-7700

**Item A.2. Information about the Series.**

- **a. Name of Series:** YieldMax Target 12 Semiconductor Option Income ETF

- **b. EDGAR series identifier (if any):** S000088627

- **c. LEI of Series:** 254900ESC0K256AX8X17

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-07-31

- **b. Date as of which information is reported:** 2025-10-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $17726929.16

**Total Liabilities:** $2312594.89

**Net Assets:** $15414334.27

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000254952 | 0.53%                | 9.52%                | 10.34%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4225.58                 | $45633.61                                  |
| Month 2  | $409737.45               | $435768.69                                 |
| Month 3  | $1018004.25              | $58189.18                                  |

**Designated Index Information**

- **Index Name:** NYSE FANG+ Total Return Index

- **Index Identifier:** NYFANGT

### Schedule of Portfolio Investments

| Name                           | Title                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| NVIDIA Corp                    | NVIDIA Corp                                | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |        13 | NS      | $2632.37      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ON Semiconductor Corp          | ON Semiconductor Corp                      | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |      1863 | NS      | $93299.04     | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                   | QUALCOMM Inc                               | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |      3444 | NS      | $623019.60    | 4.04%             |  |  |  | No            |                  1 | On Loan: No      |
| STMicroelectronics NV          | STMicroelectronics NV                      | CUSIP: 861012102<br>LEI: 213800Z8NOHIKRI42W10 | Long             | EC               | CORP              | CH        |      3320 | NS      | $81240.40     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                   | Synopsys Inc                               | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |       483 | NS      | $219195.06    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Applied Materials Inc                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -29 | NC      | $-23997.50    | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Applied Materials Inc                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        29 | NC      | $14645.00     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ARM Holdings PLC                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -33 | NC      | $-26235.00    | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ARM Holdings PLC                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        33 | NC      | $16500.00     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ASML Holding NV                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -13 | NC      | $-31200.00    | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ASML Holding NV                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        13 | NC      | $13000.00     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ASE Technology Holding Co Ltd              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -73 | NC      | $-9672.50     | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Broadcom Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        29 | NC      | $320160.00    | 2.08%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Broadcom Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -33 | NC      | $-29287.50    | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Broadcom Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        33 | NC      | $10312.50     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Cadence Design Systems Inc                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -9 | NC      | $-4995.00     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Cadence Design Systems Inc                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         9 | NC      | $1620.00      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Intel Corp                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       189 | NC      | $188527.50    | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| NXP Semiconductors NV          | NXP Semiconductors NV                      | CUSIP: N/A<br>LEI: 724500M9BY5293JDF951       | Long             | EC               | CORP              | NL        |       911 | NS      | $190508.32    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Texas Instruments Inc                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         6 | NC      | $333.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Texas Instruments Inc                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -23 | NC      | $-1127.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Texas Instruments Inc                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        23 | NC      | $241.50       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | United Microelectronics Corp               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -92 | NC      | $-1380.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| ASE Technology Holding Co Ltd  | ASE Technology Holding Co Ltd              | CUSIP: 00215W100<br>LEI: 300300GO8QHPMV87NZ73 | Long             | EC               | CORP              | TW        |      7331 | NS      | $117369.31    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc             | Analog Devices Inc                         | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |      1752 | NS      | $410195.76    | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc          | Applied Materials Inc                      | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |      2923 | NS      | $681351.30    | 4.42%             |  |  |  | No            |                  1 | On Loan: No      |
| ARM Holdings PLC               | ARM Holdings PLC                           | CUSIP: 042068205<br>LEI: 2138001E66EELTE7Y904 | Long             | EC               | CORP              | GB        |      3341 | NS      | $567368.62    | 3.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                   | Broadcom Inc                               | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |       432 | NS      | $159680.16    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems Inc     | Cadence Design Systems Inc                 | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |       901 | NS      | $305159.69    | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   3745173 | NS      | $3745172.67   | 24.30%            |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corp                     | Intel Corp                                 | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |        32 | NS      | $1279.68      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                       | KLA Corp                                   | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |       341 | NS      | $412180.34    | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp              | Lam Research Corp                          | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |      3603 | NS      | $567328.38    | 3.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc         | Marvell Technology Inc                     | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3692 | NS      | $346088.08    | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology Inc       | Microchip Technology Inc                   | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |      2030 | NS      | $126712.60    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc          | Micron Technology Inc                      | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |      4030 | NS      | $901793.10    | 5.85%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                | ASML Holding NV                            | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |      1331 | NS      | $1409835.13   | 9.15%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Intel Corp                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -189 | NC      | $-30051.00    | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| Advanced Micro Devices Inc     | Advanced Micro Devices Inc                 | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |      3184 | NS      | $815486.08    | 5.29%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Teradyne Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -7 | NC      | $-6825.00     | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Taiwan Semiconductor Manufacturing Co Ltd  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -61 | NC      | $-27755.00    | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Taiwan Semiconductor Manufacturing Co Ltd  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        61 | NC      | $15555.00     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Synopsys Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -4 | NC      | $-930.00      | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | STMicroelectronics NV                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -26 | NC      | $-260.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | STMicroelectronics NV                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        29 | NC      | $72.50        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TSMC                           | Taiwan Semiconductor Manufacturing Co Ltd  | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      6184 | NS      | $1857859.12   | 12.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne Inc                   | Teradyne Inc                               | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |       702 | NS      | $127595.52    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc          | Texas Instruments Inc                      | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |      2960 | NS      | $477921.60    | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| United Microelectronics Corp   | United Microelectronics Corp               | CUSIP: 910873405<br>LEI: 391200YJCAGH9LF96P73 | Long             | EC               | CORP              | TW        |      9261 | NS      | $71402.31     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc   | Monolithic Power Systems Inc               | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |       182 | NS      | $182910.00    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Analog Devices Inc                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -17 | NC      | $-1572.50     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Advanced Micro Devices Inc                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -31 | NC      | $-48980.00    | -0.32%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Advanced Micro Devices Inc                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        31 | NC      | $36812.50     | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Teradyne Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         7 | NC      | $5145.00      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Texas Instruments Inc                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -6 | NC      | $-696.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Lam Research Corp                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -36 | NC      | $-43830.00    | -0.28%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Lam Research Corp                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        36 | NC      | $33120.00     | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Microchip Technology Inc                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -20 | NC      | $-1100.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Microchip Technology Inc                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        20 | NC      | $500.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Monolithic Power Systems Inc               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -1 | NC      | $-1245.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Monolithic Power Systems Inc               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $825.00       | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Marvell Technology Inc                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -36 | NC      | $-11520.00    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Marvell Technology Inc                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        36 | NC      | $7020.00      | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Micron Technology Inc                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -40 | NC      | $-65500.00    | -0.42%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Micron Technology Inc                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        40 | NC      | $46600.00     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NVIDIA Corp                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       139 | NC      | $805157.50    | 5.22%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NVIDIA Corp                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -139 | NC      | $-156027.50   | -1.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NVIDIA Corp                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       139 | NC      | $91740.00     | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NXP Semiconductors NV                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -9 | NC      | $-1800.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NXP Semiconductors NV                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         9 | NC      | $877.50       | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ON Semiconductor Corp                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -18 | NC      | $-1746.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ON Semiconductor Corp                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        18 | NC      | $900.00       | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | QUALCOMM Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -34 | NC      | $-51340.00    | -0.33%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | QUALCOMM Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        34 | NC      | $38590.00     | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | STMicroelectronics NV                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -7 | NC      | $-70.00       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Intel Corp                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       189 | NC      | $20601.00     | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | KLA Corp                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -3 | NC      | $-17400.00    | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | KLA Corp                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         3 | NC      | $10500.00     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-30

**Name of Applicant:** Tidal Trust II

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer