# EDGAR Filing Document

**Accession Number:** 0001924868
**File Stem:** 0000894189-25-020069
**Filing Date:** 2025-12
**Character Count:** 9634
**Document Hash:** 0e90bf988972198dea6ad29a8987d016
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-020069.hdr.sgml**: 20251230

**ACCESSION NUMBER**: 0000894189-25-020069

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251230

**DATE AS OF CHANGE**: 20251230

**PERIOD START**: 20251031

**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:** 251612234

**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) PYPL Option Income Strategy ETF (Series ID: S000081463)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000244365 | YieldMax(R) PYPL Option Income Strategy ETF | PYPY            |

## 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 PYPL Option Income Strategy ETF

- **b. EDGAR series identifier (if any):** S000081463

- **c. LEI of Series:** 529900NHR1YBDBGP0D48

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

- **a. Date of fiscal year-end:** 2025-10-31

- **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:** $50165123.41

**Total Liabilities:** $2589790.46

**Net Assets:** $47575332.95

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 1050.666868000000 | **1-Year:** 915.745029000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.000000000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000244365 | 2.24%                | -4.14%               | 0.17%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $48518.77                                  |
| Month 2  | $3264.48                 | $28425.40                                  |
| Month 3  | $3592.72                 | $-10366.55                                 |

**Designated Index Information**

- **Index Name:** PayPal Holdings Inc

- **Index Identifier:** PYPL

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| TREASURY BILL                  | United States Treasury Bill                | CUSIP: 912797RF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9859000 | PA      | $9616738.05   | 20.21%            | 2026-07-09      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                | CUSIP: 912797RG4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10066000 | PA      | $9789143.02   | 20.58%            | 2026-08-06      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond           | CUSIP: 91282CGE5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4852000 | PA      | $4851483.41   | 10.20%            | 2026-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| N/A                            | PYPL 11/21/2025 67.51 P                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -6970 | NC      | $-1198540.29  | -2.52%            |  |  |  | No            |                  2 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   2321783 | NS      | $2321783.11   | 4.88%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                | CUSIP: 912797PM3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  16212000 | PA      | $16030320.22  | 33.69%            | 2026-02-19      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                | CUSIP: 912797QP5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4027000 | PA      | $4025726.54   | 8.46%             | 2025-11-06      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                            | PayPal Holdings Inc                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -681 | NC      | $-340.50      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | PayPal Holdings Inc                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       681 | NC      | $340.50       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | PayPal Holdings Inc                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -2100 | NC      | $-240450.00   | -0.51%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | PayPal Holdings Inc                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -1059 | NC      | $-86308.50    | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | PayPal Holdings Inc                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -2250 | NC      | $-127125.00   | -0.27%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | PayPal Holdings Inc                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      1400 | NC      | $57400.00     | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | PayPal Holdings Inc                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      1759 | NC      | $51011.00     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | PayPal Holdings Inc                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      2250 | NC      | $54000.00     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | PayPal Holdings Inc                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      6970 | NC      | $2526625.00   | 5.31%             |  |  |  | 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