# EDGAR Filing Document

**Accession Number:** 0001924868
**File Stem:** 0002000324-26-002621
**Filing Date:** 2026-6
**Character Count:** 14693
**Document Hash:** cb68f5afaa3a74edacd66656b8018a71
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-26-002621.hdr.sgml**: 20260625

**ACCESSION NUMBER**: 0002000324-26-002621

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260625

**DATE AS OF CHANGE**: 20260625

**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:** 261122433

**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) Dorsey Wright Hybrid 5 Income ETF (Series ID: S000088913)

| Class ID   | Class Name                                    | Ticker Symbol   |
|:---|:---|:---|
| C000255305 | YieldMax(R) Dorsey Wright Hybrid 5 Income ETF | FIVY            |

## Nport-Ex

**YieldMax Dorsey Wright Hybrid 5 Income ETF**

**Schedule of Investments**

**April 30, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**COMMON STOCKS - 41.6%** | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Financial Services - 5.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Circle Internet Group, Inc. - Class A<sup>(a)</sup> | 3121 | $283637 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Health Care - 7.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Moderna, Inc.<sup>(a)</sup> | 7642 | 351073 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Media - 10.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alphabet, Inc. - Class A | 1305 | 502164 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Tech Hardware & Semiconductors - 18.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NVIDIA Corp. | 2273 | 453623 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taiwan Semiconductor Manufacturing Co. Ltd., ADR | 1193 | 472499 |
|  |  | 926122 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL COMMON STOCKS (Cost $1,972,100)** |  | 2062996 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**EXCHANGE TRADED FUNDS - 57.3%** | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;YieldMax CRCL Option Income Strategy ETF<sup>(b)</sup> | 19881 | 404777 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;YieldMax GOOGL Option Income Strategy ETF<sup>(b)</sup> | 44161 | 682287 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;YieldMax MRNA Option Income Strategy ETF<sup>(b)</sup> | 31419 | 491393 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;YieldMax NVDA Option Income Strategy ETF<sup>(b)</sup> | 45484 | 612215 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;YieldMax TSM Option Income Strategy ETF<sup>(b)</sup> | 39564 | 655576 |
|  |  | 2846248 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL EXCHANGE TRADED FUNDS (Cost $3,107,564)** |  | 2846248 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**SHORT-TERM INVESTMENTS - 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Money Market Funds - 0.2%** | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First American Government Obligations Fund - Class X, 3.58%<sup>(c)</sup> | 7574 | 7574 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL SHORT-TERM INVESTMENTS (Cost $7,574)** |  | 7574 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL INVESTMENTS - 99.1% (Cost $5,087,238)** |  | $4916818 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Assets in Excess of Liabilities - 0.9% |  | 43275 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL NET ASSETS - 100.0%** |  | $4960093 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Percentages are stated as a percent of net assets. |  |  |

---

---

| | |
|:---|:---|
| ADR | American Depositary Receipt |
| (a) | Non-income producing security. |
| (b) | Affiliated security as defined by the Investment Company Act of 1940. |
| (c) | The rate shown represents the 7-day annualized effective yield as of April 30, 2026. |

---

**Summary of Fair Value Disclosure as of April 30, 2026 (Unaudited)** 

YieldMax Dorsey Wright Hybrid 5 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.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| <u>Investments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Exchange Traded Funds | $2846248 | $— | $— | $2846248 |
| &nbsp;&nbsp;&nbsp;Common Stocks | 2062996 |  |  | 2062996 |
| &nbsp;&nbsp;&nbsp;Money Market Funds | 7574 |  |  | 7574 |
| Total Investments | $4916818 | $— | $— | $4916818 |

---

Refer to the Schedule of Investments for further disaggregation of investment categories.

The Fund held affiliated securities of the following companies during the period ended April 30, 2026. Transactions during the period in these securities of affiliated companies were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Fair Value | Fair Value | Fair Value | Fair Value | Fair Value | Fair Value | Fair Value | Fair Value | Fair Value |
| Security Name | Share Balance 4/30/2026 | Fair Value at 7/31/2025 | Purchases | Sales | Realized Gain (Loss) | Change in Unrealized Appreciation/<br> (Depreciation) | Fair Value at 4/30/2026 | Dividend Income |
| YieldMax AMD Option Income Strategy ETF |  | $— | S1,375,684 | $(970078) | $(405606) | $— | $— | $234749 |
| YieldMax Bitcoin Option Income Strategy ETF |  | 1350228 |  | (1215274) | (179031) | 44077 |  | 100697 |
| YieldMax COIN Option Income Strategy ETF |  | 1183323 | 329313 | (1233114) | (318921) | 39399 |  | 188529 |
| YieldMax CRCL Option Income Strategy ETF | 19881 |  | 496031 |  |  | (91254) | 404777 | 42768 |
| YieldMax CVNA Option Income Strategy ETF |  | 1428048 | 5411 | (1141970) | (134447) | (157042) |  | 192622 |
| YieldMax GOOGL Option Income Strategy ETF | 44161 |  | 1079457 | (422664) | (8806) | 34300 | 682287 | 100800 |
| YieldMax HOOD Option Income Strategy ETF |  | 1263834 | 160369 | (985413) | (439725) | 935 |  | 460283 |
| YieldMax MRNA Option Income Strategy ETF | 31419 |  | 879464 | (210886) | (16411) | (160774) | 491393 | 153013 |
| YieldMax NFLX Option Income Strategy ETF |  | 1297385 | 8356 | (952164) | (481254) | 127677 |  | 167873 |
| YieldMax NVDA Option Income Strategy ETF | 45484 |  | 718481 | (71849) | (2816) | (31601) | 612215 | 58011 |
| YieldMax PLTR Option Income Strategy ETF |  |  | 1331530 | (845368) | (486162) |  |  | 205027 |
| YieldMax RDDT Option Income Strategy ETF |  |  | 1468208 | (754853) | (713355) |  |  | 332903 |
| YieldMax TSM Option Income Strategy ETF | 39564 |  | 744151 | (72427) | (4162) | (11986) | 655576 | 64984 |
|  |  | $6522818 | $8596455 | $(8876060) | $(3190696) | $(206269) | $2846248 | $2302259 |

---

## 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:** 8449867676

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

- **a. Name of Series:** Yieldmax Dorsey Wright Hybrid 5 Income ETF

- **b. EDGAR series identifier (if any):** S000088913

- **c. LEI of Series:** 25490090HOMCC5V4G792

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

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

- **b. Date as of which information is reported:** 2026-04-30

**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:** $4961258.57

**Total Liabilities:** $1166.02

**Net Assets:** $4960092.55

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000255305 | -7.62%               | -3.03%               | 9.15%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1620853.40             | $1002383.31                                |
| Month 2  | $-464975.62              | $178472.83                                 |
| Month 3  | $0.00                    | $261267.80                                 |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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        |      1305 | NS      | $502164.00    | 10.12%            |  |  |  | No            |                  1 | On Loan: No      |
| Circle Internet Group Inc                | Circle Internet Group Inc                  | CUSIP: 172573107<br>LEI: 254900HFVVR6NPMQVN93 | Long             | EC               | CORP              | US        |      3121 | NS      | $283636.48    | 5.72%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli           | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |      7574 | NS      | $7574.30      | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Moderna Inc                              | Moderna Inc                                | CUSIP: 60770K107<br>LEI: 549300EI6OKH5K5Q2G38 | Long             | EC               | CORP              | US        |      7642 | NS      | $351073.48    | 7.08%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                              | NVIDIA Corp                                | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      2273 | NS      | $453622.61    | 9.15%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                                     | Taiwan Semiconductor Manufacturing Co Ltd  | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      1193 | NS      | $472499.58    | 9.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Yieldmax CRCL Option Income Strategy ETF | Yieldmax CRCL Option Income Strategy ETF   | CUSIP: 88636W866<br>LEI: N/A                  | Long             | EC               | RF                | US        |     19881 | NS      | $404777.16    | 8.16%             |  |  |  | No            |                  1 | On Loan: No      |
| YieldMax GOOGL Option Income S           | YieldMax GOOGL Option Income Strategy ETF  | CUSIP: 88634T790<br>LEI: 5493009IF5UN4O7FP638 | Long             | EC               | RF                | US        |     44161 | NS      | $682287.45    | 13.76%            |  |  |  | No            |                  1 | On Loan: No      |
| YieldMax MRNA Option Income Strategy ETF | YieldMax MRNA Option Income Strategy ETF   | CUSIP: 88636X203<br>LEI: N/A                  | Long             | EC               | RF                | US        |     31419 | NS      | $491393.16    | 9.91%             |  |  |  | No            |                  1 | On Loan: No      |
| YieldMax NVDA Option Income Strategy ETF | YieldMax NVDA Option Income Strategy ETF   | CUSIP: 88634T774<br>LEI: N/A                  | Long             | EC               | RF                | US        |     45484 | NS      | $612214.64    | 12.34%            |  |  |  | No            |                  1 | On Loan: No      |
| Yieldmax Tsm Option Income Strategy ETF  | Yieldmax Tsm Option Income Strategy ETF    | CUSIP: 88636R859<br>LEI: N/A                  | Long             | EC               | RF                | US        |     39564 | NS      | $655575.48    | 13.22%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-06-25

**Name of Applicant:** Tidal Trust II

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer