# EDGAR Filing Document

**Accession Number:** 0001924868
**File Stem:** 0000894189-25-020435
**Filing Date:** 2025-12
**Character Count:** 68130
**Document Hash:** 27f684c679d6b4f65477b7cc277e338b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-020435.hdr.sgml**: 20251230

**ACCESSION NUMBER**: 0000894189-25-020435

**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:** 251613567

**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) Big 50 Option Income ETF (Series ID: S000088623)

| Class ID   | Class Name                                         | Ticker Symbol   |
|:---|:---|:---|
| C000254948 | YieldMax(R) Target 12(TM) Big 50 Option Income ETF | BIGY            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **YieldMax Target 12 Big 50 Option Income ETF** | **YieldMax Target 12 Big 50 Option Income ETF** | **YieldMax Target 12 Big 50 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 - 89.0%** | **Shares** | **Value**  |
| **Aerospace/Defense - 0.7%** | **Aerospace/Defense - 0.7%** | |
| General Electric Co. <sup>(a)(b)</sup> | 275 | $84961 |
| **Agriculture - 0.5%** | **Agriculture - 0.5%** |  |
| Philip Morris International, Inc. <sup>(a)(b)</sup> | 428 | 61773 |
| **Auto Manufacturers - 3.3%** | **Auto Manufacturers - 3.3%** |  |
| Tesla, Inc. <sup>(a)(b)(c)</sup> | 871 | 397664 |
| **Banks - 4.2%** | **Banks - 4.2%** |  |
| Bank of America Corp. <sup>(a)(b)</sup> | 2360 | 126142 |
| JPMorgan Chase & Co. <sup>(a)(b)</sup> | 744 | 231473 |
| Morgan Stanley <sup>(a)(b)</sup> | 445 | 72980 |
| Wells Fargo & Co. <sup>(a)(b)</sup> | 870 | 75664 |
|  |  | 506259 |
| **Beverages - 1.6%** | **Beverages - 1.6%** |  |
| Coca-Cola Co. <sup>(a)(b)</sup> | 1598 | 110102 |
| PepsiCo, Inc. <sup>(a)(b)</sup> | 607 | 88677 |
|  |  | 198779 |
| **Biotechnology - 0.5%** | **Biotechnology - 0.5%** |  |
| Amgen, Inc. <sup>(a)(b)</sup> | 208 | 62073 |
| **Computers - 14.1%** | **Computers - 14.1%** |  |
| Apple, Inc. <sup>(a)(b)</sup> | 5983 | 1617624 |
| International Business Machines Corp. <sup>(a)(b)</sup> | 295 | 90686 |
|  |  | 1708310 |
| **Cosmetics/Personal Care - 1.1%** | **Cosmetics/Personal Care - 1.1%** |  |
| Procter & Gamble Co. <sup>(a)(b)</sup> | 924 | 138942 |
| **Diversified Financial Services - 3.6%** | **Diversified Financial Services - 3.6%** |  |
| American Express Co. <sup>(a)(b)</sup> | 223 | 80443 |
| Mastercard, Inc. - Class A <sup>(a)(b)</sup> | 294 | 162285 |
| Visa, Inc. - Class A <sup>(a)(b)</sup> | 567 | 193199 |
|  |  | 435927 |
| **Healthcare-Products - 2.5%** | **Healthcare-Products - 2.5%** |  |
| Abbott Laboratories <sup>(a)(b)</sup> | 580 | 71700 |
| Danaher Corp. <sup>(a)(b)</sup> | 339 | 73014 |
| Intuitive Surgical, Inc. <sup>(a)(b)(c)</sup> | 123 | 65716 |
| Thermo Fisher Scientific, Inc. <sup>(a)(b)</sup> | 168 | 95321 |
|  |  | 305751 |
| **Healthcare-Services - 2.1%** | **Healthcare-Services - 2.1%** |  |
| UnitedHealth Group, Inc. <sup>(a)(b)</sup> | 734 | 250705 |
| **Internet - 19.9%** | **Internet - 19.9%** |  |
| Alphabet, Inc. - Class A <sup>(a)(b)</sup> | 3789 | 1065429 |
| Amazon.com, Inc. <sup>(a)(b)(c)</sup> | 3114 | 760501 |
| Meta Platforms, Inc. - Class A <sup>(a)(b)</sup> | 757 | 490801 |
| Netflix, Inc. <sup>(b)(c)</sup> | 96 | 107411 |
|  |  | 2424142 |
| **Machinery-Construction & Mining - 0.8%** | **Machinery-Construction & Mining - 0.8%** |  |
| Caterpillar, Inc. <sup>(a)(b)</sup> | 159 | 91784 |
| **Oil & Gas - 2.5%** | **Oil & Gas - 2.5%** |  |
| Chevron Corp. <sup>(a)(b)</sup> | 646 | 101887 |
| Exxon Mobil Corp. <sup>(a)(b)</sup> | 1794 | 205162 |
|  |  | 307049 |
| **Pharmaceuticals - 6.3%** | **Pharmaceuticals - 6.3%** |  |
| AbbVie, Inc. <sup>(a)(b)</sup> | 660 | 143906 |
| Eli Lilly & Co. <sup>(a)(b)</sup> | 408 | 352047 |
| Johnson & Johnson <sup>(a)(b)</sup> | 842 | 159028 |
| Merck & Co., Inc. <sup>(a)(b)</sup> | 1272 | 109367 |
|  |  | 764348 |
| **Private Equity - 0.4%** | **Private Equity - 0.4%** |  |
| Blackstone, Inc. <sup>(a)(b)</sup> | 373 | 54697 |
| **Retail - 5.0%** | **Retail - 5.0%** |  |
| Costco Wholesale Corp. <sup>(a)(b)</sup> | 151 | 137629 |
| Home Depot, Inc. <sup>(a)(b)</sup> | 391 | 148420 |
| McDonald's Corp. <sup>(a)(b)</sup> | 265 | 79084 |
| Walmart, Inc. <sup>(a)(b)</sup> | 2403 | 243135 |
|  |  | 608268 |
| **Semiconductors - 5.5%** | **Semiconductors - 5.5%** |  |
| Advanced Micro Devices, Inc. <sup>(a)(b)(c)</sup> | 541 | 138561 |
| Broadcom, Inc. <sup>(a)(b)</sup> | 1055 | 389960 |
| NVIDIA Corp. <sup>(a)(b)</sup> | 34 | 6885 |
| QUALCOMM, Inc. <sup>(a)(b)</sup> | 420 | 75978 |
| Texas Instruments, Inc. <sup>(a)(b)</sup> | 355 | 57318 |
|  |  | 668702 |
| **Software - 13.2%** | **Software - 13.2%** |  |
| Adobe, Inc. <sup>(a)(b)(c)</sup> | 217 | 73847 |
| Intuit, Inc. | 78 | 52069 |
| Microsoft Corp. <sup>(a)(b)</sup> | 2190 | 1134004 |
| Oracle Corp. <sup>(a)(b)</sup> | 711 | 186716 |
| Salesforce, Inc. <sup>(a)(b)</sup> | 373 | 97133 |
| ServiceNow, Inc. <sup>(b)(c)</sup> | 67 | 61592 |
|  |  | 1605361 |
| **Telecommunications - 1.2%** | **Telecommunications - 1.2%** |  |
| Cisco Systems, Inc. <sup>(a)(b)</sup> | 1147 | 83857 |
| Verizon Communications, Inc. <sup>(a)(b)</sup> | 1559 | 61955 |
|  |  | 145812 |
| **TOTAL COMMON STOCKS** (Cost $9,640,153) | **TOTAL COMMON STOCKS** (Cost $9,640,153) | 10821307 |

---

---

| | | | |
|:---|:---|:---|:---|
| **PURCHASED OPTIONS - 4.3% <sup>(c)</sup>** | **Notional Amount** | **Contracts** | **Value**  |
| **Call Options - 4.3% <sup>(d)(e)</sup>** | **Call Options - 4.3% <sup>(d)(e)</sup>** | | |
|  Abbott Laboratories, Expiration: 11/21/2025; Exercise Price: $145.00 <sup>(a)</sup> | $61810 | 5 | 25 |
|  AbbVie, Inc., Expiration: 11/21/2025; Exercise Price: $250.00 <sup>(a)</sup> | 130824 | 6 | 114 |
|  Adobe, Inc., Expiration: 11/21/2025; Exercise Price: $390.00 <sup>(a)</sup> | 68062 | 2 | 202 |
|  Advanced Micro Devices, Inc., Expiration: 11/21/2025; Exercise Price: $270.00 | 128060 | 5 | 5937 |
|  Alphabet, Inc., Expiration: 11/21/2025; Exercise Price: $310.00 <sup>(a)</sup> | 1040403 | 37 | 5051 |
|  Amazon.com, Inc., Expiration: 11/21/2025; Exercise Price: $250.00 <sup>(a)</sup> | 757082 | 31 | 16275 |
|  American Express Co., Expiration: 11/21/2025; Exercise Price: $370.00 <sup>(a)</sup> | 72146 | 2 | 960 |
|  Amgen, Inc., Expiration: 11/21/2025; Exercise Price: $325.00 <sup>(a)</sup> | 59686 | 2 | 150 |
|  Apple, Inc., Expiration: 11/21/2025; Exercise Price: $270.00 <sup>(a)</sup> | 1595183 | 59 | 37613 |
|  Bank of America Corp., Expiration: 11/21/2025; Exercise Price: $55.00 <sup>(a)</sup> | 122935 | 23 | 1817 |
|  Blackstone, Inc., Expiration: 11/21/2025; Exercise Price: $157.50 <sup>(a)</sup> | 43992 | 3 | 271 |
|  Broadcom, Inc., Expiration: 11/21/2025; Exercise Price: $410.00 <sup>(a)</sup> | 369630 | 10 | 4425 |
|  Chevron Corp., Expiration: 11/21/2025; Exercise Price: $160.00 <sup>(a)</sup> | 94632 | 6 | 1281 |
|  Cisco Systems, Inc., Expiration: 11/21/2025; Exercise Price: $80.00 <sup>(a)</sup> | 80421 | 11 | 506 |
|  Coca-Cola Co., Expiration: 11/21/2025; Exercise Price: $75.00 <sup>(a)</sup> | 103350 | 15 | 82 |
|  Danaher Corp., Expiration: 11/21/2025; Exercise Price: $230.00 <sup>(a)</sup> | 64614 | 3 | 413 |
|  Exxon Mobil Corp., Expiration: 11/21/2025; Exercise Price: $120.00 <sup>(a)</sup> | 194412 | 17 | 884 |
|  General Electric Co., Expiration: 11/21/2025; Exercise Price: $350.00 <sup>(a)</sup> | 61790 | 2 | 116 |
|  Home Depot, Inc., Expiration: 11/21/2025; Exercise Price: $415.00 <sup>(a)</sup> | 113877 | 3 | 361 |
|  International Business Machines Corp., Expiration: 11/21/2025; Exercise Price: $325.00 <sup>(a)</sup> | 61482 | 2 | 528 |
|  Intuitive Surgical, Inc., Expiration: 11/21/2025; Exercise Price: $570.00 <sup>(a)</sup> | 53428 | 1 | 360 |
|  Johnson & Johnson, Expiration: 11/21/2025; Exercise Price: $200.00 <sup>(a)</sup> | 151096 | 8 | 444 |
|  JPMorgan Chase & Co., Expiration: 11/21/2025; Exercise Price: $320.00 <sup>(a)</sup> | 217784 | 7 | 2520 |
|  Mastercard, Inc., Expiration: 11/21/2025; Exercise Price: $620.00 <sup>(a)</sup> | 110398 | 2 | 60 |
|  McDonald's Corp., Expiration: 11/21/2025; Exercise Price: $330.00 <sup>(a)</sup> | 59686 | 2 | 80 |
|  Merck & Co., Inc., Expiration: 11/21/2025; Exercise Price: $95.00 <sup>(a)</sup> | 103176 | 12 | 258 |
|  Meta Platforms, Inc., Expiration: 11/21/2025; Exercise Price: $780.00 <sup>(a)</sup> | 453845 | 7 | 1655 |
|  Microsoft Corp., Expiration: 11/21/2025; Exercise Price: $570.00 <sup>(a)</sup> | 1087401 | 21 | 1795 |
|  Morgan Stanley, Expiration: 11/21/2025; Exercise Price: $175.00 <sup>(a)</sup> | 65600 | 4 | 276 |
| NVIDIA Corp. <sup>(a)</sup> | NVIDIA Corp. <sup>(a)</sup> |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiration: 11/07/2025; Exercise Price: $145.00 | 1376932 | 68 | 393890 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiration: 11/21/2025; Exercise Price: $220.00 | 1376932 | 68 | 24140 |
|  Oracle Corp., Expiration: 11/21/2025; Exercise Price: $302.50 <sup>(a)</sup> | 183827 | 7 | 1348 |
|  PepsiCo, Inc., Expiration: 11/21/2025; Exercise Price: $160.00 <sup>(a)</sup> | 87654 | 6 | 144 |
|  Philip Morris International, Inc., Expiration: 11/21/2025; Exercise Price: $155.00 <sup>(a)</sup> | 57732 | 4 | 260 |
|  Procter & Gamble Co., Expiration: 11/21/2025; Exercise Price: $160.00 <sup>(a)</sup> | 135333 | 9 | 279 |
|  QUALCOMM, Inc., Expiration: 11/21/2025; Exercise Price: $185.00 <sup>(a)</sup> | 72360 | 4 | 2540 |
|  Salesforce, Inc., Expiration: 11/21/2025; Exercise Price: $270.00 <sup>(a)</sup> | 78123 | 3 | 1440 |
|  Tesla, Inc., Expiration: 11/21/2025; Exercise Price: $500.00 <sup>(a)</sup> | 365248 | 8 | 8240 |
|  Texas Instruments, Inc., Expiration: 11/21/2025; Exercise Price: $190.00 <sup>(a)</sup> | 48438 | 3 | 147 |
|  UnitedHealth Group, Inc., Expiration: 11/21/2025; Exercise Price: $410.00 <sup>(a)</sup> | 239092 | 7 | 298 |
|  Verizon Communications, Inc., Expiration: 11/21/2025; Exercise Price: $43.00 <sup>(a)</sup> | 59610 | 15 | 90 |
|  Visa, Inc., Expiration: 11/21/2025; Exercise Price: $365.00 <sup>(a)</sup> | 170370 | 5 | 525 |
|  Walmart, Inc., Expiration: 11/21/2025; Exercise Price: $115.00 <sup>(a)</sup> | 242832 | 24 | 660 |
|  Wells Fargo & Co., Expiration: 11/21/2025; Exercise Price: $92.50 <sup>(a)</sup> | 69576 | 8 | 324 |
| **TOTAL PURCHASED OPTIONS** (Cost $506,670) | **TOTAL PURCHASED OPTIONS** (Cost $506,670) | **TOTAL PURCHASED OPTIONS** (Cost $506,670) | 518784 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 8.9%** | **MONEY MARKET FUNDS - 8.9%** | **Shares** |  |
| First American Government Obligations Fund - Class X, 4.03% <sup>(b)(f)</sup> | First American Government Obligations Fund - Class X, 4.03% <sup>(b)(f)</sup> | 1082772 | 1082772 |
| **TOTAL MONEY MARKET FUNDS** (Cost $1,082,772) | **TOTAL MONEY MARKET FUNDS** (Cost $1,082,772) | **TOTAL MONEY MARKET FUNDS** (Cost $1,082,772) | 1082772 |
| **TOTAL INVESTMENTS - 102.2% (**Cost $11,229,595**)** | **TOTAL INVESTMENTS - 102.2% (**Cost $11,229,595**)** | **TOTAL INVESTMENTS - 102.2% (**Cost $11,229,595**)** | 12422863 |
| Liabilities in Excess of Other Assets - (2.2)% | Liabilities in Excess of Other Assets - (2.2)% | Liabilities in Excess of Other Assets - (2.2)% | (265401) |
| **TOTAL NET ASSETS - 100.0%** | 0.0% | 0.0% | $12157462 |
| 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. | –% |

---

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

(b) 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 $6,038,749.

(c) Non-income producing security.

(d) Exchange-traded.

(e) 100 shares per contract.

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

------

---

| | | | |
|:---|:---|:---|:---|
| **YieldMax Target 12 Big 50 Option Income ETF** | **YieldMax Target 12 Big 50 Option Income ETF** | **YieldMax Target 12 Big 50 Option Income ETF** | **YieldMax Target 12 Big 50 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 - (2.0)%** | **Notional Amount** | **Contracts** | **Value** |
| **Call Options - (2.0)%<sup>(a)(b)</sup>** | **Call Options - (2.0)%<sup>(a)(b)</sup>** | **Call Options - (2.0)%<sup>(a)(b)</sup>** | **Call Options - (2.0)%<sup>(a)(b)</sup>** |
| Abbott Laboratories, Expiration: 11/21/2025; Exercise Price: $135.00 | $(61810) | (5) | $(73) |
| AbbVie, Inc., Expiration: 11/21/2025; Exercise Price: $240.00 | (130824) | (6) | (204) |
| Adobe, Inc., Expiration: 11/21/2025; Exercise Price: $370.00 | (68062) | (2) | (510) |
| Advanced Micro Devices, Inc., Expiration: 11/21/2025; Exercise Price: $260.00 | (128060) | (5) | (7900) |
| Alphabet, Inc., Expiration: 11/21/2025; Exercise Price: $300.00 | (1040403) | (37) | (10046) |
| Amazon.com, Inc., Expiration: 11/21/2025; Exercise Price: $240.00 | (757082) | (31) | (31310) |
| American Express Co., Expiration: 11/21/2025; Exercise Price: $350.00 | (72146) | (2) | (3125) |
| Amgen, Inc., Expiration: 11/21/2025; Exercise Price: $310.00 | (59686) | (2) | (725) |
| Apple, Inc., Expiration: 11/21/2025; Exercise Price: $260.00 | (1595183) | (59) | (76257) |
| Bank of America Corp., Expiration: 11/21/2025; Exercise Price: $52.50 | (122935) | (23) | (4784) |
| Blackstone, Inc., Expiration: 11/21/2025; Exercise Price: $152.50 | (43992) | (3) | (610) |
| Broadcom, Inc., Expiration: 11/21/2025; Exercise Price: $390.00 | (369630) | (10) | (8875) |
| Caterpillar, Inc., Expiration: 11/21/2025; Exercise Price: $600.00 | (57726) | (1) | (1000) |
| Chevron Corp., Expiration: 11/21/2025; Exercise Price: $155.00 | (94632) | (6) | (2925) |
| Cisco Systems, Inc., Expiration: 11/21/2025; Exercise Price: $75.00 | (80421) | (11) | (1876) |
| Coca-Cola Co., Expiration: 11/21/2025; Exercise Price: $73.00 | (103350) | (15) | (248) |
| Costco Wholesale Corp., Expiration: 11/21/2025; Exercise Price: $990.00 | (91145) | (1) | (186) |
| Danaher Corp., Expiration: 11/21/2025; Exercise Price: $220.00 | (64614) | (3) | (1050) |
| Eli Lilly & Co., Expiration: 11/21/2025; Exercise Price: $910.00 | (345144) | (4) | (4270) |
| Exxon Mobil Corp., Expiration: 11/21/2025; Exercise Price: $115.00 | (194412) | (17) | (3468) |
| General Electric Co., Expiration: 11/21/2025; Exercise Price: $330.00 | (61790) | (2) | (421) |
| Home Depot, Inc., Expiration: 11/21/2025; Exercise Price: $400.00 | (113877) | (3) | (1080) |
| International Business Machines Corp., Expiration: 11/21/2025; Exercise Price: $310.00 | (61482) | (2) | (1440) |
| Intuitive Surgical, Inc., Expiration: 11/21/2025; Exercise Price: $560.00 | (53428) | (1) | (690) |
| Johnson & Johnson, Expiration: 11/21/2025; Exercise Price: $195.00 | (151096) | (8) | (944) |
| JPMorgan Chase & Co., Expiration: 11/21/2025; Exercise Price: $310.00 | (217784) | (7) | (5688) |
| Mastercard, Inc., Expiration: 11/21/2025; Exercise Price: $595.00 | (110398) | (2) | (256) |
| McDonald's Corp., Expiration: 11/21/2025; Exercise Price: $310.00 | (59686) | (2) | (611) |
| Merck & Co., Inc., Expiration: 11/21/2025; Exercise Price: $90.00 | (103176) | (12) | (1062) |
| Meta Platforms, Inc., Expiration: 11/21/2025; Exercise Price: $755.00 | (453845) | (7) | (2222) |
| Microsoft Corp., Expiration: 11/21/2025; Exercise Price: $540.00 | (1087401) | (21) | (8190) |
| Morgan Stanley, Expiration: 11/21/2025; Exercise Price: $165.00 | (65600) | (4) | (1560) |
| NVIDIA Corp., Expiration: 11/21/2025; Exercise Price: $215.00 | (1376932) | (68) | (33320) |
| Oracle Corp., Expiration: 11/21/2025; Exercise Price: $287.50 | (183827) | (7) | (2765) |
| PepsiCo, Inc., Expiration: 11/21/2025; Exercise Price: $150.00 | (87654) | (6) | (972) |
| Philip Morris International, Inc., Expiration: 11/21/2025; Exercise Price: $150.00 | (57732) | (4) | (640) |
| Procter & Gamble Co., Expiration: 11/21/2025; Exercise Price: $155.00 | (135333) | (9) | (963) |
| QUALCOMM, Inc., Expiration: 11/21/2025; Exercise Price: $175.00 | (72360) | (4) | (4540) |
| Salesforce, Inc., Expiration: 11/21/2025; Exercise Price: $260.00 | (78123) | (3) | (2692) |
| Tesla, Inc., Expiration: 11/21/2025; Exercise Price: $480.00 | (365248) | (8) | (12540) |
| Texas Instruments, Inc., Expiration: 11/21/2025; Exercise Price: $185.00 | (48438) | (3) | (118) |
| Thermo Fisher Scientific, Inc., Expiration: 11/21/2025; Exercise Price: $580.00 | (56739) | (1) | (920) |
| UnitedHealth Group, Inc., Expiration: 11/21/2025; Exercise Price: $390.00 | (239092) | (7) | (672) |
| Verizon Communications, Inc., Expiration: 11/21/2025; Exercise Price: $42.00 | (59610) | (15) | (180) |
| Visa, Inc., Expiration: 11/21/2025; Exercise Price: $350.00 | (170370) | (5) | (1963) |
| Walmart, Inc., Expiration: 11/21/2025; Exercise Price: $110.00 | (242832) | (24) | (1596) |
| Wells Fargo & Co., Expiration: 11/21/2025; Exercise Price: $87.50 | (69576) | (8) | (1476) |
| **TOTAL WRITTEN OPTIONS** (Premiums received $236,638) |  |  | $(248963) |
| 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 Big 50 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 | $10821307 | $– | $– | $10821307 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Purchased Options | – | 518784 | – | 518784 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 1082772 | – | – | 1082772 |
| Total Investments | $11904079 | $518784 | $– | $12422863 |
| **Liabilities:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Written Options | $– | $(248963) | $– | $(248963) |
| Total Investments | $– | $(248963) | $– | $(248963) |
| 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 Big 50 Option Income ETF

- **b. EDGAR series identifier (if any):** S000088623

- **c. LEI of Series:** 254900GK4IO90TPNGN51

**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:** $12429986.18

**Total Liabilities:** $272136.30

**Net Assets:** $12157849.88

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000254948 | 1.87%                | 3.60%                | 4.12%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2301.54                | $185040.83                                 |
| Month 2  | $-259.86                 | $425082.82                                 |
| Month 3  | $430208.66               | $63745.38                                  |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Abbott Laboratories            | Abbott Laboratories                        | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |       580 | NS      | $71699.60     | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                     | AbbVie Inc                                 | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |       660 | NS      | $143906.40    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                      | Adobe Inc                                  | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |       217 | NS      | $73847.27     | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                   | QUALCOMM Inc                               | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |       420 | NS      | $75978.00     | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | QUALCOMM Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         4 | NC      | $2540.00      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Home Depot Inc/The                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         3 | NC      | $361.50       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Meta Platforms Inc             | Meta Platforms Inc                         | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |       757 | NS      | $490800.95    | 4.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The             | Home Depot Inc/The                         | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |       391 | NS      | $148419.69    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| IBM                            | International Business Machines Corp       | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |       295 | NS      | $90685.95     | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                     | Intuit Inc                                 | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |        78 | NS      | $52068.90     | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc         | Intuitive Surgical Inc                     | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |       123 | NS      | $65716.44     | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co            | JPMorgan Chase & Co                        | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |       744 | NS      | $231473.28    | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson              | Johnson & Johnson                          | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |       842 | NS      | $159028.54    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                 | Mastercard Inc                             | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |       294 | NS      | $162285.06    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp                | McDonald's Corp                            | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |       265 | NS      | $79083.95     | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                 | Merck & Co Inc                             | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |      1272 | NS      | $109366.56    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Salesforce Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -3 | NC      | $-2692.50     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Salesforce Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         3 | NC      | $1440.00      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NVIDIA Corp                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        68 | NC      | $24140.00     | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Oracle Corp                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -7 | NC      | $-626.50      | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Oracle Corp                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         7 | NC      | $444.50       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | PepsiCo Inc                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -6 | NC      | $-972.00      | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | PepsiCo Inc                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         6 | NC      | $144.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Procter & Gamble Co/The                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -9 | NC      | $-963.00      | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Procter & Gamble Co/The                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         9 | NC      | $279.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Philip Morris International Inc            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -4 | NC      | $-60.00       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Philip Morris International Inc            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         4 | NC      | $40.00        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | QUALCOMM Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -4 | NC      | $-4540.00     | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Tesla Inc                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -8 | NC      | $-12540.00    | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| Salesforce Inc                 | Salesforce Inc                             | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |       373 | NS      | $97132.93     | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                 | ServiceNow Inc                             | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |        67 | NS      | $61591.76     | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                      | Tesla Inc                                  | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |       871 | NS      | $397663.76    | 3.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc          | Texas Instruments Inc                      | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |       355 | NS      | $57318.30     | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc   | Thermo Fisher Scientific Inc               | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |       168 | NS      | $95321.52     | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc         | UnitedHealth Group Inc                     | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |       734 | NS      | $250705.04    | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc     | Verizon Communications Inc                 | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |      1559 | NS      | $61954.66     | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                       | Visa Inc                                   | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |       567 | NS      | $193199.58    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                    | Walmart Inc                                | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |      2403 | NS      | $243135.54    | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co               | Wells Fargo & Co                           | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |       870 | NS      | $75663.90     | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Apple Inc                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -59 | NC      | $-76257.50    | -0.63%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Apple Inc                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        59 | NC      | $37612.50     | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Amgen Inc                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -2 | NC      | $-725.00      | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Amgen Inc                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         2 | NC      | $150.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Amazon.com Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        31 | NC      | $16275.00     | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Broadcom Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-8875.00     | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Broadcom Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        10 | NC      | $4425.00      | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | American Express Co                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -2 | NC      | $-3125.00     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | American Express Co                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         2 | NC      | $960.00       | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Bank of America Corp                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -23 | NC      | $-4784.00     | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Bank of America Corp                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        23 | NC      | $1817.00      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Blackstone Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -3 | NC      | $-45.00       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Blackstone Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         3 | NC      | $81.00        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Caterpillar Inc                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -1 | NC      | $-1000.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Cisco Systems Inc                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -11 | NC      | $-1875.50     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Cisco Systems Inc                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        11 | NC      | $506.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Chevron Corp                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -6 | NC      | $-2925.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Chevron Corp                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         6 | NC      | $1281.00      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Coca-Cola Co/The                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -15 | NC      | $-247.50      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Coca-Cola Co/The                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        15 | NC      | $82.50        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Meta Platforms Inc                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -7 | NC      | $-2222.50     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Meta Platforms Inc                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         7 | NC      | $1655.50      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Merck & Co Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -12 | NC      | $-1062.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Merck & Co Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        12 | NC      | $258.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Morgan Stanley                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -4 | NC      | $-1560.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Morgan Stanley                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         4 | NC      | $276.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Microsoft Corp                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -21 | NC      | $-8190.00     | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Microsoft Corp                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        21 | NC      | $1795.50      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NVIDIA Corp                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        68 | NC      | $393890.00    | 3.24%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NVIDIA Corp                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -68 | NC      | $-33320.00    | -0.27%            |  |  |  | No            |                  2 | On Loan: No      |
| Microsoft Corp                 | Microsoft Corp                             | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      2190 | NS      | $1134003.90   | 9.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                 | Morgan Stanley                             | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |       445 | NS      | $72980.00     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | AbbVie Inc                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -6 | NC      | $-204.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | AbbVie Inc                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         6 | NC      | $114.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Abbott Laboratories                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -5 | NC      | $-72.50       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Abbott Laboratories                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         5 | NC      | $25.00        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Adobe Inc                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -2 | NC      | $-510.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Adobe Inc                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         2 | NC      | $202.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Advanced Micro Devices Inc                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -5 | NC      | $-7900.00     | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Advanced Micro Devices Inc                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         5 | NC      | $5937.50      | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Costco Wholesale Corp                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -1 | NC      | $-186.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Danaher Corp                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -3 | NC      | $-1050.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Danaher Corp                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         3 | NC      | $412.50       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | General Electric Co                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -2 | NC      | $-421.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | General Electric Co                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         2 | NC      | $116.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Home Depot Inc/The                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -3 | NC      | $-1080.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | International Business Machines Corp       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -2 | NC      | $-1440.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | International Business Machines Corp       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         2 | NC      | $528.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Intuitive Surgical Inc                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -1 | NC      | $-690.00      | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Intuitive Surgical Inc                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $360.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Johnson & Johnson                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -8 | NC      | $-944.00      | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Johnson & Johnson                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         8 | NC      | $444.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | JPMorgan Chase & Co                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -7 | NC      | $-5687.50     | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | JPMorgan Chase & Co                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         7 | NC      | $2520.00      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Eli Lilly & Co                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -4 | NC      | $-4270.00     | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Mastercard Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -2 | NC      | $-256.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Exxon Mobil Corp                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -17 | NC      | $-3468.00     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Exxon Mobil Corp                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        17 | NC      | $884.00       | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Netflix Inc                    | Netflix Inc                                | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |        96 | NS      | $107410.56    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                    | NVIDIA Corp                                | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |        34 | NS      | $6884.66      | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                    | Oracle Corp                                | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |       711 | NS      | $186715.71    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                    | PepsiCo Inc                                | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |       607 | NS      | $88676.63     | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International In | Philip Morris International Inc            | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |       428 | NS      | $61773.24     | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The        | Procter & Gamble Co/The                    | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |       924 | NS      | $138941.88    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Thermo Fisher Scientific Inc               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -1 | NC      | $-920.00      | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Tesla Inc                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         8 | NC      | $8240.00      | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Texas Instruments Inc                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -3 | NC      | $-118.50      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Texas Instruments Inc                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         3 | NC      | $147.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | UnitedHealth Group Inc                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -7 | NC      | $-672.00      | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | UnitedHealth Group Inc                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         7 | NC      | $297.50       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Visa Inc                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -5 | NC      | $-1962.50     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Visa Inc                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         5 | NC      | $525.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Verizon Communications Inc                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -15 | NC      | $-180.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Verizon Communications Inc                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        15 | NC      | $90.00        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Wells Fargo & Co                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -8 | NC      | $-1476.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Wells Fargo & Co                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         8 | NC      | $324.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Walmart Inc                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -24 | NC      | $-1596.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Walmart Inc                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        24 | NC      | $660.00       | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Advanced Micro Devices Inc     | Advanced Micro Devices Inc                 | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |       541 | NS      | $138560.92    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                   | Alphabet Inc                               | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      3789 | NS      | $1065428.91   | 8.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                 | Amazon.com Inc                             | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      3114 | NS      | $760501.08    | 6.26%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co            | American Express Co                        | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |       223 | NS      | $80442.79     | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc                      | Amgen Inc                                  | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |       208 | NS      | $62073.44     | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                      | Apple Inc                                  | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      5983 | NS      | $1617623.71   | 13.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp           | Bank of America Corp                       | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |      2360 | NS      | $126142.00    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc                 | Blackstone Inc                             | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |       373 | NS      | $54696.72     | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                   | Broadcom Inc                               | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      1055 | NS      | $389959.65    | 3.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                | Caterpillar Inc                            | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |       159 | NS      | $91784.34     | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                   | Chevron Corp                               | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       646 | NS      | $101887.12    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc              | Cisco Systems Inc                          | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |      1147 | NS      | $83857.17     | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co/The               | Coca-Cola Co/The                           | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |      1598 | NS      | $110102.20    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp          | Costco Wholesale Corp                      | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |       151 | NS      | $137628.95    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp                   | Danaher Corp                               | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |       339 | NS      | $73013.82     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp               | Exxon Mobil Corp                           | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      1794 | NS      | $205161.84    | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   1082772 | NS      | $1082771.74   | 8.91%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co            | General Electric Co                        | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |       275 | NS      | $84961.25     | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                 | Eli Lilly & Co                             | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |       408 | NS      | $352046.88    | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Amazon.com Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -31 | NC      | $-31310.00    | -0.26%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Alphabet Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -37 | NC      | $-10045.50    | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Alphabet Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        37 | NC      | $5050.50      | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Mastercard Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         2 | NC      | $60.00        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | McDonald's Corp                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -2 | NC      | $-611.00      | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | McDonald's Corp                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         2 | NC      | $80.00        | 0.00%             |  |  |  | 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