# EDGAR Filing Document

**Accession Number:** 0001924868
**File Stem:** 0001387131-23-002532
**Filing Date:** 2023-2
**Character Count:** 3389
**Document Hash:** b69d0170bc90d2a2de4c517ddcee0f6e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001387131-23-002532.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001387131-23-002532

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**EFFECTIVENESS DATE**: 20230228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tidal Trust II
- **CENTRAL INDEX KEY:** 0001924868
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-264478
- **FILM NUMBER:** 23682222

**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

### Return Stacked(TM) Bonds & Managed Futures ETF (Series ID: S000079702)

---

|  |  |
|:---|:---|
| Class Name                                     | Class ID   |
| Return Stacked(TM) Bonds & Managed Futures ETF | C000240949 |

---

## Series and Classes Contracts Data

### Return Stacked(TM) Bonds & Managed Futures ETF (Series ID: S000079702)

| Class ID   | Class Name                                     | Ticker Symbol   |
|:---|:---|:---|
| C000240949 | Return Stacked(TM) Bonds & Managed Futures ETF |  |

Filed pursuant to Rule 497(e)

Registration Nos. 333-264478; 811-23793

![](rsbt497_img01.jpg)

Return Stacked<sup>TM</sup> Bonds & Managed Futures ETF (RSBT)

*listed on Cboe BZX Exchange, Inc.*

February 28, 2023

**Supplement to the**

**RSBT Summary Prospectus and Statutory Prospectus**

**each dated February 6, 2023**

This supplement provides technical clarifications to the description of Return Stacked Bonds & Managed Futures ETF's principal investment strategy. In particular, the last two sentences of the first paragraph under "Principal Investment Strategies" are amended and restated to read as follows:

Essentially, one dollar invested in the Fund provides approximately one dollar of exposure to the Fund's bond strategy and approximately one dollar of exposure to the Fund's Managed Futures strategy. So, the return of the Managed Futures strategy (minus the cost of financing) is essentially *stacked* on top of the return of the bond strategy.

The fourth paragraph under "Principal Investment Strategies" is amended and restated to read as follows:

The Fund will target a 100% exposure to each of its bond strategy and its Managed Futures strategy.

The fifth paragraph under the sub-heading "Bond Strategy" is amended and restated to read as follows:

Under normal circumstances, the Fund's exposure to the bond strategy will represent approximately 100% of the Fund's net assets.

The fifth paragraph under the sub-heading "Managed-Futures Strategy" is amended and restated to read as follows:

Under normal circumstances, the Fund's exposure to the Managed Futures strategy will represent approximately 100% of the Fund's net assets. The Fund's Managed Futures strategy involves levered exposure to a diversified basket of global futures contracts.

**Please retain this Supplement for future reference.**