# EDGAR Filing Document

**Accession Number:** 0001924868
**File Stem:** 0002000324-26-002695
**Filing Date:** 2026-6
**Character Count:** 17181
**Document Hash:** f4d9ee3655b77f0f1c54a359c2db34bd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-26-002695.hdr.sgml**: 20260625

**ACCESSION NUMBER**: 0002000324-26-002695

**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**: 20270131

**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:** 261122899

**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

### Return Stacked(R) U.S. Stocks & Futures Yield ETF (Series ID: S000084639)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000249073 | Return Stacked(R) U.S. Stocks & Futures Yield ETF | RSSY            |

## Nport-Ex

**Return Stacked U.S. Stocks & Futures Yield ETF**

**Consolidated Schedule of Investments**

**April 30, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**EXCHANGE TRADED FUNDS - 75.2%** | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iShares Core S&P 500 ETF<sup>(a)</sup> | 112312 | $81097126 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL EXCHANGE TRADED FUNDS (Cost $62,079,368)** |  | 81097126 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**SHORT-TERM INVESTMENTS - 15.4%** | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Money Market Funds - 15.4%** | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First American Government Obligations Fund - Class X, 3.58%<sup>(b)</sup> | 16637722 | 16637722 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL SHORT-TERM INVESTMENTS (Cost $16,637,722)** |  | 16637722 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL INVESTMENTS - 90.6% (Cost $78,717,090)** |  | $97734848 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Assets in Excess of Liabilities - 9.4% |  | 10087390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL NET ASSETS - 100.0%** |  | $107822238 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Percentages are stated as a percent of net assets. |  |  |

---

(a) Fair value of this security
 exceeds 25% of the Fund's net assets. Additional information for this security, including the financial statements,
 is available from the SEC's EDGAR database at www.sec.gov.

(b) The rate shown represents the 7-day annualized
 effective yield as of April 30, 2026.

**Return Stacked U.S. Stocks & Futures Yield ETF**

**Consolidated Schedule of Futures Contracts**

**April 30, 2026 (Unaudited)**

The Return Stacked U.S. Stocks & Futures Yield ETF had the following futures contracts outstanding with Phillip Capital, Inc. as of April 30, 2026:

**FUTURES CONTRACTS - 2.7%**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Contracts<br> Purchased** | **Expiration Date** | **Notional Value** | **Value / <br> Unrealized <br> Appreciation <br> (Depreciation)** |
| Australian Dollar/U.S. Dollar Cross Currency Rate | 531 | 06/15/2026 | $38192175 | $371629 |
| Brent Crude Oil<sup>(a)</sup> | 35 | 05/29/2026 | 3864000 | 293675 |
| British Pound/U.S. Dollar Cross Currency Rate | 558 | 06/15/2026 | 47433488 | 597368 |
| E-Mini Nasdaq 100 | 13 | 06/18/2026 | 7174960 | 40991 |
| E-Mini S&P 500 Index | 50 | 06/18/2026 | 18109375 | 703920 |
| Euro/U.S. Dollar Cross Currency Rate | 5 | 06/15/2026 | 735000 | (146) |
| Long Gilt | 71 | 06/26/2026 | 8354019 | (142049) |
| Low Sulfur Gas Oil<sup>(a)</sup> | 24 | 06/11/2026 | 2958600 | 405294 |
| NY Harbor Ultra-Low Sulfur Diesel<sup>(a)</sup> | 18 | 05/29/2026 | 3085160 | 442523 |
| RBOB Gasoline<sup>(a)</sup> | 49 | 05/29/2026 | 7439670 | 1074077 |
| Silver<sup>(a)</sup> | 2 | 07/29/2026 | 740280 | 19123 |
| U.S. Treasury 10 Year Note | 309 | 06/18/2026 | 34173469 | (189429) |
| U.S. Treasury 5 Year Note | 462 | 06/30/2026 | 49820203 | (214138) |
| U.S. Treasury Long Bond | 138 | 06/18/2026 | 15572438 | (147344) |
| WTI Crude Oil<sup>(a)</sup> | 28 | 05/19/2026 | 2941960 | 370426 |
|  |  |  |  | $3625920 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Contracts<br> Sold** | **Expiration <br> Date** | **Notional Value** | **Value / <br> Unrealized <br> Appreciation <br> (Depreciation)** |
| Canadian Dollar/U.S. Dollar Cross Currency Rate | (263) | 06/16/2026 | $(19396250) | $(151737) |
| Copper<sup>(a)</sup> | (53) | 07/29/2026 | (7924163) | 194453 |
| DAX Index | (2) | 06/19/2026 | (1430356) | (428) |
| Euro Stoxx 50 | (78) | 06/19/2026 | (5343468) | (191790) |
| FTSE 100 Index | (88) | 06/19/2026 | (12410425) | 117275 |
| German 10 Year Government Bond | (2) | 06/08/2026 | (294107) | 36 |
| Gold<sup>(a)</sup> | (12) | 06/26/2026 | (5555520) | 48208 |
| Japanese Yen/U.S. Dollar Cross Currency Rate | (268) | 06/15/2026 | (21493600) | (384161) |
| Natural Gas<sup>(a)</sup> | (75) | 05/27/2026 | (2075250) | (38589) |
| Nikkei 225 | (1) | 06/11/2026 | (299250) | (3466) |
| S&P/TSX 60 Index | (41) | 06/18/2026 | (11953890) | (316025) |
|  |  |  |  | (726224) |
| **Net Unrealized Appreciation (Depreciation)** |  |  |  | $2899696 |

---

---

| | |
|:---|:---|
|  | Percentages are stated as a percent of net assets. |
| (a) | All or a portion of the investment is a holding of the Return Stacked RSSY Cayman Subsidiary. |

---

## 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:** Return Stacked U.S. Stocks & Futures Yield ETF

- **b. EDGAR series identifier (if any):** S000084639

- **c. LEI of Series:** 25490033HUQPDFEJS393

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

- **a. Date of fiscal year-end:** 2027-01-31

- **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:** $107279007.33

**Total Liabilities:** $77094.69

**Net Assets:** $107201912.64

**Amount of Assets Invested in Other Investment Companies:** $3638926.02

**Cash Not Reported:** $10688731.05

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0 | **1-Year:** 0 | **5-Year:** -37129.33 | **10-Year:** -12578.88 | **30-Year:** -17272.12

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

- **3-Month:** 0 | **1-Year:** 0 | **5-Year:** 0 | **10-Year:** 0 | **30-Year:** 0

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000249073 | 3.81%                | 7.15%                | 11.64%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $766559.12               | $-1264093.95                               |
| Month 2  | $30029.67                | $-3551532.33                               |
| Month 3  | $-127532.66              | $7500653.09                                |

**Designated Index Information**

- **Index Name:** S&P 500 Total Return Index

- **Index Identifier:** SPTR

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |  16637722 | NS      | $16637721.89  | 15.52%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares Core S&P 500 ETF       | iShares Core S&P 500 ETF                   | CUSIP: 464287200<br>LEI: 5493007M4YMN8XL48C14 | Long             | EC               | RF                | US        |    110729 | NS      | $79954089.03  | 74.58%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | AUDUSD Crncy Fut  Jun26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |       550 | NC      | $376880.05    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | BP CURRENCY FUT   Jun26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |       533 | NC      | $597771.43    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | BRENT CRUDE FUTR  Jul26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | GB        |        34 | NC      | $293527.18    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | C$ CURRENCY FUT   Jun26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |      -324 | NC      | $-219445.68   | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | COPPER FUTURE     Jul26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |       -50 | NC      | $194762.60    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | EURO FX CURR FUT  Jun26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |        -6 | NC      | $-1445.82     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | EURO STOXX 50     Jun26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | DE        |       -74 | NC      | $-191758.33   | -0.18%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | EURO-BUND FUTURE  Jun26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | DE        |        12 | NC      | $3129.20      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | FTSE 100 IDX FUT  Jun26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | GB        |       -90 | NC      | $118438.82    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | GASOLINE RBOB FUT Jun26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |        49 | NC      | $1074076.89   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | GOLD 100 OZ FUTR  Jun26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |       -13 | NC      | $43614.49     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | JPN YEN CURR FUT  Jun26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |      -233 | NC      | $-383989.75   | -0.36%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | LONG GILT FUTURE  Jun26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |        83 | NC      | $-161944.17   | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Low Su Gasoil G   Jun26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | GB        |        25 | NC      | $423289.18    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | NASDAQ 100 E-MINI Jun26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         4 | NC      | $41097.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | NATURAL GAS FUTR  Jun26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |       -71 | NC      | $-38596.37    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | NIKKEI 225  (CME) Jun26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -1 | NC      | $-3466.52     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | NY Harb ULSD Fut  Jun26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |        19 | NC      | $469024.10    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | S&P/TSX 60 IX FUT Jun26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | CA        |       -37 | NC      | $-315785.68   | -0.29%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | S&P500 EMINI FUT  Jun26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        54 | NC      | $792681.00    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | SILVER FUTURE     Jul26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |         2 | NC      | $19122.96     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | US 10YR NOTE (CBT)Jun26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       286 | NC      | $-189391.62   | -0.18%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | US 5YR NOTE (CBT) Jun26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       430 | NC      | $-213685.39   | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | US LONG BOND(CBT) Jun26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       124 | NC      | $-147060.61   | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | WTI CRUDE FUTURE  Jun26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |        27 | NC      | $370219.03    | 0.35%             |  |  |  | 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