# EDGAR Filing Document

**Accession Number:** 0001924868
**File Stem:** 0000894189-26-011059
**Filing Date:** 2026-3
**Character Count:** 58157
**Document Hash:** dc531178bb7be762585cce568dd2c9f1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-011059.hdr.sgml**: 20260331

**ACCESSION NUMBER**: 0000894189-26-011059

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260331

**DATE AS OF CHANGE**: 20260331

**PERIOD START**: 20261031

**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:** 26819799

**BUSINESS ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET, SUITE 700
- **CITY:** MILWAUKEE
- **STATE:** WI
- **BUSINESS PHONE:** (844) 986-7676

**MAIL ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET, SUITE 700
- **CITY:** MILWAUKEE
- **STATE:** WI

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

## Series and Classes Contracts Data

### YieldMax(R) Ultra Option Income Strategy ETF (Series ID: S000084078)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000248338 | YieldMax(R) Ultra Option Income Strategy ETF | ULTY            |

## Nport-Ex

---

| | | | |
|:---|:---|:---|:---|
| **YieldMax Ultra Option Income Strategy ETF** | **YieldMax Ultra Option Income Strategy ETF** | **YieldMax Ultra Option Income Strategy ETF** | **YieldMax Ultra Option Income Strategy ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** |
| **COMMON STOCKS - 83.6%** | **COMMON STOCKS - 83.6%** | **Shares** | **Value**  |
| **Commercial Services - 6.0%** | **Commercial Services - 6.0%** | **Commercial Services - 6.0%** | |
| Quanta Services, Inc. <sup>(a)(b)</sup> | Quanta Services, Inc. <sup>(a)(b)</sup> | 150000 | $71194500 |
| **Computers - 3.3%** | **Computers - 3.3%** | **Computers - 3.3%** |  |
| Lumentum Holdings, Inc. <sup>(a)(c)</sup> | Lumentum Holdings, Inc. <sup>(a)(c)</sup> | 100000 | 39184000 |
| **Electronics - 7.1%** | **Electronics - 7.1%** | **Electronics - 7.1%** |  |
| Coherent Corp. <sup>(a)(c)</sup> | Coherent Corp. <sup>(a)(c)</sup> | 184000 | 39041120 |
| Jabil, Inc. <sup>(a)</sup> | Jabil, Inc. <sup>(a)</sup> | 190000 | 45066100 |
|  |  |  | 84107220 |
| **Engineering & Construction - 3.0%** | **Engineering & Construction - 3.0%** | **Engineering & Construction - 3.0%** |  |
| Comfort Systems USA, Inc. <sup>(a)</sup> | Comfort Systems USA, Inc. <sup>(a)</sup> | 31000 | 35405100 |
| **Internet - 14.8%** | **Internet - 14.8%** | **Internet - 14.8%** |  |
| Alphabet, Inc. - Class A <sup>(a)</sup> | Alphabet, Inc. - Class A <sup>(a)</sup> | 180000 | 60840000 |
| Amazon.com, Inc. <sup>(a)(c)</sup> | Amazon.com, Inc. <sup>(a)(c)</sup> | 154000 | 36852200 |
| Reddit, Inc. - Class A <sup>(a)(c)</sup> | Reddit, Inc. - Class A <sup>(a)(c)</sup> | 185000 | 33349950 |
| Robinhood Markets, Inc. - Class A <sup>(a)(c)</sup> | Robinhood Markets, Inc. - Class A <sup>(a)(c)</sup> | 449800 | 44746104 |
|  |  |  | 175788254 |
| **Investment Companies - 4.1%** | **Investment Companies - 4.1%** | **Investment Companies - 4.1%** |  |
| IREN Ltd. <sup>(a)(c)</sup> | IREN Ltd. <sup>(a)(c)</sup> | 900000 | 48366000 |
| **Machinery-Construction & Mining - 3.0%** | **Machinery-Construction & Mining - 3.0%** | **Machinery-Construction & Mining - 3.0%** |  |
| NuScale Power Corp. <sup>(a)(c)</sup> | NuScale Power Corp. <sup>(a)(c)</sup> | 2041800 | 35690664 |
| **Mining - 5.0%** | **Mining - 5.0%** | **Mining - 5.0%** |  |
| Southern Copper Corp. <sup>(a)</sup> | Southern Copper Corp. <sup>(a)</sup> | 310500 | 59094360 |
| **Pharmaceuticals - 1.9%** | **Pharmaceuticals - 1.9%** | **Pharmaceuticals - 1.9%** |  |
| Eli Lilly & Co. <sup>(a)</sup> | Eli Lilly & Co. <sup>(a)</sup> | 22000 | 22817300 |
| **Semiconductors - 19.5%** | **Semiconductors - 19.5%** | **Semiconductors - 19.5%** |  |
| Analog Devices, Inc. <sup>(a)(b)</sup> | Analog Devices, Inc. <sup>(a)(b)</sup> | 145000 | 45077600 |
| Applied Materials, Inc. <sup>(a)</sup> | Applied Materials, Inc. <sup>(a)</sup> | 93000 | 29975760 |
| Astera Labs, Inc. <sup>(a)(c)</sup> | Astera Labs, Inc. <sup>(a)(c)</sup> | 200000 | 30124000 |
| Lam Research Corp. <sup>(a)</sup> | Lam Research Corp. <sup>(a)</sup> | 276000 | 64434960 |
| NVIDIA Corp. <sup>(a)</sup> | NVIDIA Corp. <sup>(a)</sup> | 328000 | 62690640 |
|  |  |  | 232302960 |
| **Software - 12.8%** | **Software - 12.8%** | **Software - 12.8%** |  |
| Intuit, Inc. <sup>(a)</sup> | Intuit, Inc. <sup>(a)</sup> | 36000 | 17961120 |
| MongoDB, Inc. <sup>(a)(c)</sup> | MongoDB, Inc. <sup>(a)(c)</sup> | 56000 | 20794480 |
| Palantir Technologies, Inc. - Class A <sup>(a)(c)</sup> | Palantir Technologies, Inc. - Class A <sup>(a)(c)</sup> | 270000 | 39579300 |
| ROBLOX Corp. - Class A <sup>(a)(c)</sup> | ROBLOX Corp. - Class A <sup>(a)(c)</sup> | 450000 | 29592000 |
| Strategy, Inc. - Class A <sup>(a)(c)</sup> | Strategy, Inc. - Class A <sup>(a)(c)</sup> | 293000 | 43865030 |
|  |  |  | 151791930 |
| **Telecommunications - 3.1%** | **Telecommunications - 3.1%** | **Telecommunications - 3.1%** |  |
| Ciena Corp. <sup>(a)(c)</sup> | Ciena Corp. <sup>(a)(c)</sup> | 149000 | 37519690 |
| **TOTAL COMMON STOCKS** (Cost $948,967,423) | **TOTAL COMMON STOCKS** (Cost $948,967,423) | **TOTAL COMMON STOCKS** (Cost $948,967,423) | 993261978 |
| **EXCHANGE TRADED FUNDS - 12.0%** | **EXCHANGE TRADED FUNDS - 12.0%** |  |  |
| Amplify Junior Silver Miners ETF <sup>(a)</sup> | Amplify Junior Silver Miners ETF <sup>(a)</sup> | 1499500 | 47684100 |
| Direxion Daily 20 Year Plus Treasury Bull 3x Shares <sup>(a)</sup> | Direxion Daily 20 Year Plus Treasury Bull 3x Shares <sup>(a)</sup> | 900000 | 33237000 |
| VanEck Gold Miners ETF <sup>(a)</sup> | VanEck Gold Miners ETF <sup>(a)</sup> | 649900 | 61220580 |
| **TOTAL EXCHANGE TRADED FUNDS** (Cost $131,437,405) | **TOTAL EXCHANGE TRADED FUNDS** (Cost $131,437,405) | **TOTAL EXCHANGE TRADED FUNDS** (Cost $131,437,405) | 142141680 |
| **PURCHASED OPTIONS - 3.8% <sup>(a)(c)</sup>** | **Notional Amount** | **Contracts** |  |
| **Call Options - 0.1% <sup>(d)(e)</sup>** | **Call Options - 0.1% <sup>(d)(e)</sup>** |  |  |
|  NuScale Power Corp., Expiration: 02/06/2026; Exercise Price: $21.50 | $35690664 | 20418 | 275643 |
|  Strategy, Inc., Expiration: 02/06/2026; Exercise Price: $170.00 | 43865030 | 2930 | 397015 |
| **Total Call Options** |  |  | 672658 |
| **Put Options - 3.7% <sup>(d)(e)</sup>** | **Put Options - 3.7% <sup>(d)(e)</sup>** |  |  |
|  Alphabet, Inc., Expiration: 02/06/2026; Exercise Price: $310.00 | 121680000 | 3600 | 621000 |
|  Amazon.com, Inc., Expiration: 02/06/2026; Exercise Price: $220.00 | 73704400 | 3080 | 686840 |
|  Amplify Junior Silver Miners ETF, Expiration: 02/06/2026; Exercise Price: $31.50 | 95368200 | 29990 | 4213595 |
|  Analog Devices, Inc., Expiration: 02/06/2026; Exercise Price: $287.50 | 90155200 | 2900 | 203000 |
|  Applied Materials, Inc., Expiration: 02/06/2026; Exercise Price: $307.50 | 59951520 | 1860 | 580320 |
|  Astera Labs, Inc., Expiration: 02/06/2026; Exercise Price: $147.00 | 60248000 | 4000 | 2050000 |
|  Ciena Corp., Expiration: 02/06/2026; Exercise Price: $227.50 | 75039380 | 2980 | 871650 |
|  Coherent Corp., Expiration: 02/06/2026; Exercise Price: $207.50 | 78082240 | 3680 | 5170400 |
|  Comfort Systems USA, Inc., Expiration: 02/20/2026; Exercise Price: $1,070.00 | 70810200 | 620 | 2331200 |
|  Direxion Daily 20 Year Plus Treasury Bull 3x Shares, Expiration: 02/06/2026; Exercise Price: $35.00 | 66474000 | 18000 | 216000 |
|  Eli Lilly & Co., Expiration: 02/06/2026; Exercise Price: $960.00 | 45634600 | 440 | 358600 |
|  Intuit, Inc., Expiration: 02/06/2026; Exercise Price: $457.50 | 35922240 | 720 | 99000 |
|  IREN Ltd., Expiration: 02/06/2026; Exercise Price: $49.00 | 48366000 | 9000 | 2344500 |
|  Jabil, Inc., Expiration: 02/20/2026; Exercise Price: $210.00 | 90132200 | 3800 | 494000 |
|  Lam Research Corp., Expiration: 02/06/2026; Exercise Price: $220.00 | 128869920 | 5520 | 1653240 |
|  Lumentum Holdings, Inc., Expiration: 02/06/2026; Exercise Price: $372.50 | 78368000 | 2000 | 5050000 |
|  MongoDB, Inc., Expiration: 02/06/2026; Exercise Price: $340.00 | 41588960 | 1120 | 260400 |
|  NuScale Power Corp., Expiration: 02/06/2026; Exercise Price: $17.50 | 71381328 | 40836 | 4042764 |
|  NVIDIA Corp., Expiration: 02/06/2026; Exercise Price: $172.50 | 125381280 | 6560 | 318160 |
|  Palantir Technologies, Inc., Expiration: 02/06/2026; Exercise Price: $138.00 | 79158600 | 5400 | 2079000 |
|  Quanta Services, Inc., Expiration: 02/20/2026; Exercise Price: $410.00 | 142389000 | 3000 | 615000 |
|  Reddit, Inc., Expiration: 02/06/2026; Exercise Price: $172.50 | 66699900 | 3700 | 3024750 |
|  Robinhood Markets, Inc., Expiration: 02/06/2026; Exercise Price: $96.00 | 44746104 | 4498 | 798395 |
|  ROBLOX Corp., Expiration: 02/06/2026; Exercise Price: $63.00 | 59184000 | 9000 | 3397500 |
|  Southern Copper Corp., Expiration: 02/20/2026; Exercise Price: $150.00 | 118188720 | 6210 | 574425 |
|  Strategy, Inc., Expiration: 02/06/2026; Exercise Price: $130.00 | 43865030 | 2930 | 347205 |
|  VanEck Gold Miners ETF, Expiration: 02/06/2026; Exercise Price: $89.00 | 122441160 | 12998 | 2073181 |
| **Total Put Options** |  |  | 44474125 |
| **TOTAL PURCHASED OPTIONS** (Cost $36,804,894) | **TOTAL PURCHASED OPTIONS** (Cost $36,804,894) | **TOTAL PURCHASED OPTIONS** (Cost $36,804,894) | 45146783 |
| **TOTAL INVESTMENTS - 99.4% (**Cost $1,117,209,722**)** | **TOTAL INVESTMENTS - 99.4% (**Cost $1,117,209,722**)** | **TOTAL INVESTMENTS - 99.4% (**Cost $1,117,209,722**)** | 1180550441 |
| Other Assets in Excess of Liabilities - 0.6% | Other Assets in Excess of Liabilities - 0.6% | Other Assets in Excess of Liabilities - 0.6% | 7203328 |
| **TOTAL NET ASSETS - 100.0%** |  |  | $1187753769 |
| 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) Held in connection with written option contracts. See Schedule of Written Options for further information.

(b) All or a portion of the security has been pledged as collateral for written options. The fair value of securities committed as collateral as of January 31, 2026 was $116,272,100.

(c) Non-income producing security.

(d) 100 shares per contract.

(e) Exchange-traded.

------

---

| | | | |
|:---|:---|:---|:---|
| **YieldMax Ultra Option Income Strategy ETF** | **YieldMax Ultra Option Income Strategy ETF** | **YieldMax Ultra Option Income Strategy ETF** | **YieldMax Ultra Option Income Strategy ETF** |
| **Schedule of Written Options** | **Schedule of Written Options** | **Schedule of Written Options** | **Schedule of Written Options** |
| **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** |
| **WRITTEN OPTIONS - (5.6)% <sup>(a)(b)</sup>** | **Notional Amount** | **Contracts** | **Value** |
| **Call Options - (2.3)%** | **Call Options - (2.3)%** | **Call Options - (2.3)%** | **Call Options - (2.3)%** |
| Alphabet, Inc., Expiration: 02/06/2026; Exercise Price: $357.50 | $(60840000) | (1800) | $(652500) |
| Amazon.com, Inc., Expiration: 02/06/2026; Exercise Price: $257.50 | (36852200) | (1540) | (425810) |
| Amplify Junior Silver Miners ETF, Expiration: 02/06/2026; Exercise Price: $36.50 | (47684100) | (14995) | (434855) |
| Analog Devices, Inc., Expiration: 02/06/2026; Exercise Price: $325.00 | (45077600) | (1450) | (213875) |
| Applied Materials, Inc., Expiration: 02/06/2026; Exercise Price: $350.00 | (29975760) | (930) | (115320) |
| Astera Labs, Inc., Expiration: 02/06/2026; Exercise Price: $165.00 | (30124000) | (2000) | (477000) |
| Ciena Corp., Expiration: 02/06/2026; Exercise Price: $265.00 | (37519690) | (1490) | (886550) |
| Coherent Corp., Expiration: 02/06/2026; Exercise Price: $240.00 | (39041120) | (1840) | (1214400) |
| Comfort Systems USA, Inc., Expiration: 02/20/2026; Exercise Price: $1,240.00 | (35405100) | (310) | (1049350) |
| Direxion Daily 20 Year Plus Treasury Bull 3x Shares, Expiration: 02/06/2026; Exercise Price: $37.50 | (33237000) | (9000) | (301500) |
| Eli Lilly & Co., Expiration: 02/06/2026; Exercise Price: $1,080.00 | (22817300) | (220) | (374550) |
| Intuit, Inc., Expiration: 02/06/2026; Exercise Price: $527.50 | (17961120) | (360) | (82800) |
| IREN Ltd., Expiration: 02/06/2026; Exercise Price: $56.00 | (48366000) | (9000) | (3217500) |
| Jabil, Inc., Expiration: 02/20/2026; Exercise Price: $250.00 | (45066100) | (1900) | (855000) |
| Lam Research Corp., Expiration: 02/06/2026; Exercise Price: $252.50 | (64434960) | (2760) | (532680) |
| Lumentum Holdings, Inc., Expiration: 02/06/2026; Exercise Price: $432.50 | (39184000) | (1000) | (2000000) |
| MongoDB, Inc., Expiration: 02/06/2026; Exercise Price: $390.00 | (20794480) | (560) | (312200) |
| NuScale Power Corp., Expiration: 02/06/2026; Exercise Price: $19.50 | (35690664) | (20418) | (663585) |
| NVIDIA Corp., Expiration: 02/06/2026; Exercise Price: $200.00 | (62690640) | (3280) | (331280) |
| Palantir Technologies, Inc., Expiration: 02/06/2026; Exercise Price: $172.50 | (39579300) | (2700) | (288900) |
| Quanta Services, Inc., Expiration: 02/20/2026; Exercise Price: $460.00 | (71194500) | (1500) | (4327500) |
| Reddit, Inc., Expiration: 02/06/2026; Exercise Price: $205.00 | (33349950) | (1850) | (684500) |
| Robinhood Markets, Inc., Expiration: 02/06/2026; Exercise Price: $109.00 | (44746104) | (4498) | (197912) |
| ROBLOX Corp., Expiration: 02/06/2026; Exercise Price: $72.00 | (29592000) | (4500) | (1237500) |
| Southern Copper Corp., Expiration: 02/20/2026; Exercise Price: $185.00 | (59094360) | (3105) | (4098600) |
| Strategy, Inc., Expiration: 02/06/2026; Exercise Price: $150.00 | (43865030) | (2930) | (1911825) |
| VanEck Gold Miners ETF, Expiration: 02/06/2026; Exercise Price: $102.00 | (61220580) | (6499) | (594659) |
| **Total Call Options** |  |  | (27482151) |
| **Put Options - (3.3)%** | **Put Options - (3.3)%** | **Put Options - (3.3)%** | **Put Options - (3.3)%** |
| Alphabet, Inc., Expiration: 02/06/2026; Exercise Price: $327.50 | (60840000) | (1800) | (1102500) |
| Amazon.com, Inc., Expiration: 02/06/2026; Exercise Price: $232.50 | (36852200) | (1540) | (931700) |
| Amplify Junior Silver Miners ETF, Expiration: 02/06/2026; Exercise Price: $33.50 | (47684100) | (14995) | (3808730) |
| Analog Devices, Inc., Expiration: 02/06/2026; Exercise Price: $310.00 | (45077600) | (1450) | (775750) |
| Applied Materials, Inc., Expiration: 02/06/2026; Exercise Price: $325.00 | (29975760) | (930) | (925350) |
| Astera Labs, Inc., Expiration: 02/06/2026; Exercise Price: $155.00 | (30124000) | (2000) | (1890000) |
| Ciena Corp., Expiration: 02/06/2026; Exercise Price: $240.00 | (37519690) | (1490) | (819500) |
| Coherent Corp., Expiration: 02/06/2026; Exercise Price: $217.50 | (39041120) | (1840) | (3578800) |
| Comfort Systems USA, Inc., Expiration: 02/20/2026; Exercise Price: $1,160.00 | (35405100) | (310) | (2408700) |
| Direxion Daily 20 Year Plus Treasury Bull 3x Shares, Expiration: 02/06/2026; Exercise Price: $36.50 | (33237000) | (9000) | (378000) |
| Eli Lilly & Co., Expiration: 02/06/2026; Exercise Price: $1,012.50 | (22817300) | (220) | (497200) |
| Intuit, Inc., Expiration: 02/06/2026; Exercise Price: $487.50 | (17961120) | (360) | (246600) |
| Jabil, Inc., Expiration: 02/20/2026; Exercise Price: $230.00 | (45066100) | (1900) | (1197000) |
| Lam Research Corp., Expiration: 02/06/2026; Exercise Price: $235.00 | (64434960) | (2760) | (2428800) |
| Lumentum Holdings, Inc., Expiration: 02/06/2026; Exercise Price: $390.00 | (39184000) | (1000) | (3450000) |
| MongoDB, Inc., Expiration: 02/06/2026; Exercise Price: $360.00 | (20794480) | (560) | (378000) |
| NuScale Power Corp., Expiration: 02/06/2026; Exercise Price: $18.00 | (35690664) | (20418) | (2542041) |
| NVIDIA Corp., Expiration: 02/06/2026; Exercise Price: $185.00 | (62690640) | (3280) | (662560) |
| Palantir Technologies, Inc., Expiration: 02/06/2026; Exercise Price: $145.00 | (39579300) | (2700) | (1809000) |
| Quanta Services, Inc., Expiration: 02/20/2026; Exercise Price: $430.00 | (71194500) | (1500) | (817500) |
| Reddit, Inc., Expiration: 02/06/2026; Exercise Price: $182.50 | (33349950) | (1850) | (2428125) |
| ROBLOX Corp., Expiration: 02/06/2026; Exercise Price: $66.00 | (29592000) | (4500) | (2385000) |
| Southern Copper Corp., Expiration: 02/20/2026; Exercise Price: $170.00 | (59094360) | (3105) | (1024650) |
| VanEck Gold Miners ETF, Expiration: 02/06/2026; Exercise Price: $95.00 | (61220580) | (6499) | (2534610) |
| **Total Put Options** |  |  | (39020116) |
| **TOTAL WRITTEN OPTIONS** (Premiums received $61,009,786) |  |  | $(66502267) |
| 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) 100 shares per contract.

(b) Exchange-traded.

------

#### Summary of Fair Value Disclosure as of January 31, 2026 (Unaudited)
YieldMax Ultra Option Income Strategy 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 January 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<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 | $993261978 | $– | $– | $993261978 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 142141680 | – | – | 142141680 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Purchased Options | – | 45146783 | – | 45146783 |
| Total Investments | $1135403658 | $45146783 | $– | $1180550441 |
| **Liabilities:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Written Options | $– | $(66502267) | $– | $(66502267) |
| Total Investments | $– | $(66502267) | $– | $(66502267) |
| 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 Ultra Option Income Strategy ETF

- **b. EDGAR series identifier (if any):** S000084078

- **c. LEI of Series:** 254900LTQPWEQU1KD103

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-31

**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:** $1316354779.67

**Total Liabilities:** $112828979.79

**Net Assets:** $1203525799.88

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000248338 | -13.66%              | -0.69%               | 1.51%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-366240295.98           | $-172660441.04                             |
| Month 2  | $7268742.44              | $-32365572.19                              |
| Month 3  | $27931179.01             | $19577999.87                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alphabet Inc                   | Alphabet Inc                                        | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    180000 | NS      | $60840000.00  | 5.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                 | Amazon.com Inc                                      | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    154000 | NS      | $36852200.00  | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Amplify Junior Silver Miners E | Amplify Junior Silver Miners ETF                    | CUSIP: 032108649<br>LEI: 529900043JSEQR3OMW67 | Long             | EC               | RF                | US        |   1499500 | NS      | $47684100.00  | 3.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc             | Analog Devices Inc                                  | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |    145000 | NS      | $45077600.00  | 3.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc          | Applied Materials Inc                               | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     93000 | NS      | $29975760.00  | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Astera Labs Inc                | Astera Labs Inc                                     | CUSIP: 04626A103<br>LEI: 529900LJL8TUEGF7HG20 | Long             | EC               | CORP              | US        |    200000 | NS      | $30124000.00  | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Ciena Corp                     | Ciena Corp                                          | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |    149000 | NS      | $37519690.00  | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp                  | Coherent Corp                                       | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |    184000 | NS      | $39041120.00  | 3.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA Inc        | Comfort Systems USA Inc                             | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |     31000 | NS      | $35405100.00  | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Direxion Daily 20 Year Plus Tr | Direxion Daily 20 Year Plus Treasury Bull 3x Shares | CUSIP: 25460G138<br>LEI: HIB1RJORN6PDA2VE6Q12 | Long             | EC               | RF                | US        |    900000 | NS      | $33237000.00  | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                     | Intuit Inc                                          | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |     36000 | NS      | $17961120.00  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Jabil Inc                      | Jabil Inc                                           | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |    190000 | NS      | $45066100.00  | 3.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp              | Lam Research Corp                                   | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |    276000 | NS      | $64434960.00  | 5.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                 | Eli Lilly & Co                                      | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     22000 | NS      | $22817300.00  | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumentum Holdings Inc          | Lumentum Holdings Inc                               | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |    100000 | NS      | $39184000.00  | 3.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Strategy Inc                   | Strategy Inc                                        | CUSIP: 594972408<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EC               | CORP              | US        |    293000 | NS      | $43865030.00  | 3.64%             |  |  |  | No            |                  1 | On Loan: No      |
| MongoDB Inc                    | MongoDB Inc                                         | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |     56000 | NS      | $20794480.00  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Reddit Inc                     | Reddit Inc                                          | CUSIP: 75734B100<br>LEI: 529900APN1YHPBHPI679 | Long             | EC               | CORP              | US        |    341400 | NS      | $61544178.00  | 5.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets Inc          | Robinhood Markets Inc                               | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |    449800 | NS      | $44746104.00  | 3.72%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBLOX Corp                    | ROBLOX Corp                                         | CUSIP: 771049103<br>LEI: 529900ANZDBDFU91SO19 | Long             | EC               | CORP              | US        |    450000 | NS      | $29592000.00  | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Copper Corp           | Southern Copper Corp                                | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |    310500 | NS      | $59094360.00  | 4.91%             |  |  |  | No            |                  1 | On Loan: No      |
| VanEck Gold Miners ETF/USA     | VanEck Gold Miners ETF/USA                          | CUSIP: 92189F106<br>LEI: 54930031TORTKAM9TJ98 | Long             | EC               | RF                | US        |    649900 | NS      | $61220580.00  | 5.09%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Analog Devices Inc                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -1450 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Amazon.com Inc                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      3080 | NC      | $686840.00    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | VanEck Gold Miners ETF/USA                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -6499 | NC      | $-3249.53     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | VanEck Gold Miners ETF/USA                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -6499 | NC      | $-6921435.00  | -0.58%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Alphabet Inc                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -1800 | NC      | $-558000.00   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MongoDB Inc                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      1120 | NC      | $260400.00    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MongoDB Inc                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -560 | NC      | $-378000.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Strategy Inc                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -2930 | NC      | $-1911825.00  | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Strategy Inc                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      2930 | NC      | $397015.00    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Strategy Inc                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      2930 | NC      | $347205.00    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| IREN Ltd                       | IREN Ltd                                            | CUSIP: N/A<br>LEI: 254900FZF02RB3NNGB71       | Long             | EC               | CORP              | AU        |    900000 | NS      | $48366000.00  | 4.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | ROBLOX Corp                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -4500 | NC      | $-3420000.00  | -0.28%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Southern Copper Corp                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -3105 | NC      | $-4098600.00  | -0.34%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Southern Copper Corp                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      6210 | NC      | $574425.00    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Southern Copper Corp                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -3105 | NC      | $-1024650.00  | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NuScale Power Corp                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     40836 | NC      | $4165272.00   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp                    | NVIDIA Corp                                         | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    328000 | NS      | $62690640.00  | 5.21%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Robinhood Markets Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -4498 | NC      | $-197912.00   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Robinhood Markets Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      4498 | NC      | $798395.00    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Jabil Inc                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -1900 | NC      | $-855000.00   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Jabil Inc                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      3800 | NC      | $494000.00    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Jabil Inc                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -1900 | NC      | $-1197000.00  | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Lumentum Holdings Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -1000 | NC      | $-92500.01    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Lumentum Holdings Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      2000 | NC      | $215000.01    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Lumentum Holdings Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -1000 | NC      | $-2500.01     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Lam Research Corp                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -2760 | NC      | $-789360.00   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Lam Research Corp                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      5520 | NC      | $1653240.00   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Lam Research Corp                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -2760 | NC      | $-2428800.00  | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MongoDB Inc                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -560 | NC      | $-312200.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NVIDIA Corp                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -3280 | NC      | $-1640.02     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NVIDIA Corp                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      6560 | NC      | $318160.00    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NVIDIA Corp                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -3280 | NC      | $-662560.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Palantir Technologies Inc                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      5400 | NC      | $4509000.00   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Palantir Technologies Inc                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -168 | NC      | $-354480.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Palantir Technologies Inc                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -2700 | NC      | $-288900.00   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Quanta Services Inc                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -1500 | NC      | $-4327500.00  | -0.36%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Quanta Services Inc                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      3000 | NC      | $615000.00    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Quanta Services Inc                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -1500 | NC      | $-817500.00   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ROBLOX Corp                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -4500 | NC      | $-2250.02     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ROBLOX Corp                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      9000 | NC      | $3870000.00   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Reddit Inc                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      3700 | NC      | $7372250.00   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Reddit Inc                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -286 | NC      | $-765050.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Reddit Inc                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -1850 | NC      | $-684500.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NuScale Power Corp                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |    -20416 | NC      | $-5246912.00  | -0.44%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NuScale Power Corp                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |    -20418 | NC      | $-663585.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NuScale Power Corp                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     20418 | NC      | $275643.00    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| NuScale Power Corp             | NuScale Power Corp                                  | CUSIP: 67079K100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2042000 | NS      | $35694160.00  | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc      | Palantir Technologies Inc                           | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |    523200 | NS      | $76695888.00  | 6.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services Inc            | Quanta Services Inc                                 | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |    150000 | NS      | $71194500.00  | 5.92%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Amazon.com Inc                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -1540 | NC      | $-425810.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | VanEck Gold Miners ETF/USA                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     12998 | NC      | $4848254.00   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Alphabet Inc                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      3600 | NC      | $1800.02      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Alphabet Inc                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -1800 | NC      | $-900.01      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Apple Inc                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -3000 | NC      | $-384000.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Apple Inc                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      6000 | NC      | $3000.03      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Analog Devices Inc                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      2900 | NC      | $203000.00    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Analog Devices Inc                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -1450 | NC      | $-775750.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Astera Labs Inc                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      4000 | NC      | $6540000.00   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Astera Labs Inc                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -2000 | NC      | $-5760000.00  | -0.48%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Astera Labs Inc                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -2000 | NC      | $-477000.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Applied Materials Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      1860 | NC      | $580320.00    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Applied Materials Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -930 | NC      | $-925350.00   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Amazon.com Inc                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -1540 | NC      | $-931700.00   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Ciena Corp                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -1490 | NC      | $-886550.00   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Ciena Corp                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      2980 | NC      | $871650.00    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Ciena Corp                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -1490 | NC      | $-819500.00   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Coherent Corp                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -1840 | NC      | $-851000.00   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Coherent Corp                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      3680 | NC      | $395600.02    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Coherent Corp                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -1840 | NC      | $-197800.01   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Comfort Systems USA Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -310 | NC      | $-1049350.00  | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Comfort Systems USA Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       620 | NC      | $2331200.00   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Comfort Systems USA Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -310 | NC      | $-2408700.00  | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | IREN Ltd                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -9000 | NC      | $-18000.00    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | IREN Ltd                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      9000 | NC      | $4185000.00   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Eli Lilly & Co                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       440 | NC      | $3520.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Eli Lilly & Co                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -220 | NC      | $-411950.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Eli Lilly & Co                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -220 | NC      | $-374550.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Amplify Junior Silver Miners ETF                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |    -14995 | NC      | $-7497.57     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Amplify Junior Silver Miners ETF                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     29990 | NC      | $17469175.00  | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Amplify Junior Silver Miners ETF                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |    -14995 | NC      | $-11396200.00 | -0.95%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Direxion Daily 20 Year Plus Treasury Bull 3x Shares | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -9000 | NC      | $-4500.05     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Direxion Daily 20 Year Plus Treasury Bull 3x Shares | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     18000 | NC      | $90000.09     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Direxion Daily 20 Year Plus Treasury Bull 3x Shares | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -9000 | NC      | $-139500.00   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Apple Inc                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      6000 | NC      | $3000.03      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Apple Inc                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -3000 | NC      | $-1500.02     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Applied Materials Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -930 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Intuit Inc                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -360 | NC      | $-82800.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Intuit Inc                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       720 | NC      | $99000.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Intuit Inc                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -360 | NC      | $-246600.00   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-31

**Name of Applicant:** Tidal Trust II

**Signature:** /s/ Peter Chappy

**Name of Signer:** Peter Chappy

**Title:** Assistant Treasurer