# EDGAR Filing Document

**Accession Number:** 0001924868
**File Stem:** 0002000324-25-004829
**Filing Date:** 2025-12
**Character Count:** 55466
**Document Hash:** b550069a7baf2b78c199ce731b35ae3f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-25-004829.hdr.sgml**: 20251230

**ACCESSION NUMBER**: 0002000324-25-004829

**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:** 251612086

**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

### Carbon Collective Climate Solutions U.S. Equity ETF (Series ID: S000076804)

| Class ID   | Class Name                                          | Ticker Symbol   |
|:---|:---|:---|
| C000236854 | Carbon Collective Climate Solutions U.S. Equity ETF | CCSO            |

## Nport-Ex

---

| |
|:---|
| **Carbon Collective Climate Solutions U.S. Equity ETF** |
| **Schedule of Investments** |
| **October 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.4%** | **Shares** | **Value** |
| **Aerospace & Defense - 2.6%** |  |  |
| Amprius Technologies, Inc. <sup>(a)</sup> | 4725 | $66575 |
| Archer Aviation, Inc. - Class A <sup>(a)</sup> | 25134 | 282003 |
| Eve Holding, Inc. <sup>(a)</sup> | 12782 | 55730 |
| Joby Aviation, Inc. <sup>(a)</sup> | 35049 | 607750 |
| Vertical Aerospace Ltd. <sup>(a)</sup> | 3820 | 17228 |
|  |  | 1029286 |
| **Auto Manufacturers - 9.7%** |  |  |
| Hyliion Holdings Corp. <sup>(a)</sup> | 6122 | 14509 |
| Li Auto, Inc. - ADR <sup>(a)</sup> | 41396 | 863107 |
| Lotus Technology, Inc. - ADR <sup>(a)</sup> | 25517 | 40827 |
| Lucid Group, Inc. <sup>(a)</sup> | 12203 | 216603 |
| NIO, Inc. - ADR <sup>(a)</sup> | 88173 | 639254 |
| Polestar Automotive Holding UK PLC - ADR <sup>(a)</sup> | 86688 | 73243 |
| Rivian Automotive, Inc. - Class A <sup>(a)</sup> | 44720 | 606850 |
| Vinfast Auto Ltd. <sup>(a)</sup> | 82645 | 264464 |
| XPeng, Inc. - ADR <sup>(a)</sup> | 36079 | 847496 |
| ZEEKR Intelligent Technology Holding Ltd. - ADR <sup>(a)</sup> | 9020 | 257341 |
|  |  | 3823694 |
| **Auto Parts & Equipment - 1.2%** |  |  |
| Ads-Tec Energy PLC <sup>(a)</sup> | 2044 | 23343 |
| Microvast Holdings, Inc. <sup>(a)</sup> | 11847 | 64566 |
| QuantumScape Corp. <sup>(a)</sup> | 20750 | 382630 |
|  |  | 470539 |
| **Building Materials - 14.1%** |  |  |
| AAON, Inc. | 2958 | 291038 |
| Apogee Enterprises, Inc. | 796 | 29141 |
| Carrier Global Corp. | 33516 | 1993867 |
| Johnson Controls International PLC | 18021 | 2061422 |
| Lennox International, Inc. | 1286 | 649430 |
| LSI Industries, Inc. | 1076 | 24630 |
| Owens Corning | 3129 | 398353 |
| Tecnoglass, Inc. | 1719 | 102504 |
|  |  | 5550385 |
| **Chemicals - 0.2%** |  |  |
| Daqo New Energy Corp. - ADR <sup>(a)</sup> | 2409 | 78678 |
| **Commercial Services - 5.3%** |  |  |
| Quanta Services, Inc. | 4520 | 2030067 |
| Willdan Group, Inc. <sup>(a)</sup> | 511 | 48295 |
|  |  | 2078362 |
| **Distribution & Wholesale - 0.8%** |  |  |
| Hudson Technologies, Inc. <sup>(a)</sup> | 1586 | 14393 |
| LKQ Corp. | 9526 | 304451 |
|  |  | 318844 |
| **Electric - 5.4%** |  |  |
| Ameresco, Inc. - Class A <sup>(a)</sup> | 1830 | 72322 |
| Brookfield Renewable Corp. | 6382 | 276086 |
| Clearway Energy, Inc. - Class A | 7581 | 227354 |
| Enlight Renewable Energy Ltd. <sup>(a)</sup> | 14424 | 507725 |
| Oklo, Inc. <sup>(a)</sup> | 5386 | 715099 |
| Ormat Technologies, Inc. | 2117 | 225185 |
| ReNew Energy Global PLC - Class A <sup>(a)</sup> | 12830 | 96738 |
|  |  | 2120509 |

---

---

| | | |
|:---|:---|:---|
| **Electrical Components & Equipment - 1.0%** |  |  |
| Acuity, Inc. | 1057 | 385858 |
| ChargePoint Holdings, Inc. <sup>(a)</sup> | 753 | 8132 |
| Novonix Ltd. - ADR <sup>(a)</sup> | 3884 | 5865 |
|  |  | 399855 |
| **Electronics - 4.4%** |  |  |
| Badger Meter, Inc. | 1091 | 196871 |
| Hubbell, Inc. | 1866 | 877020 |
| Itron, Inc. <sup>(a)</sup> | 1617 | 162234 |
| KULR Technology Group, Inc. <sup>(a)</sup> | 1409 | 5396 |
| NEXTracker, Inc. - Class A <sup>(a)</sup> | 4932 | 499217 |
|  |  | 1740738 |
| **Energy - Alternate Sources - 5.6%** |  |  |
| Array Technologies, Inc. <sup>(a)</sup> | 5377 | 46565 |
| Ballard Power Systems, Inc. <sup>(a)</sup> | 10973 | 39173 |
| Canadian Solar, Inc. <sup>(a)</sup> | 2249 | 46689 |
| Energy Vault Holdings, Inc. <sup>(a)</sup> | 5292 | 18734 |
| Enphase Energy, Inc. <sup>(a)</sup> | 4678 | 142726 |
| Eos Energy Enterprises, Inc. <sup>(a)</sup> | 9196 | 147412 |
| First Solar, Inc. <sup>(a)</sup> | 3726 | 994618 |
| Fluence Energy, Inc. <sup>(a)</sup> | 6662 | 139902 |
| FutureFuel Corp. | 1562 | 6139 |
| Gevo, Inc. <sup>(a)</sup> | 8512 | 19918 |
| JinkoSolar Holding Co. Ltd. - ADR | 4468 | 112191 |
| Montauk Renewables, Inc. <sup>(a)</sup> | 5092 | 10337 |
| OPAL Fuels, Inc. - Class A <sup>(a)</sup> | 5926 | 14281 |
| Plug Power, Inc. <sup>(a)</sup> | 47087 | 126664 |
| Shoals Technologies Group, Inc. - Class A <sup>(a)</sup> | 5851 | 61494 |
| SolarEdge Technologies, Inc. <sup>(a)</sup> | 2021 | 70917 |
| Sunrun, Inc. <sup>(a)</sup> | 7797 | 161866 |
| XPLR Infrastructure LP | 3423 | 33751 |
|  |  | 2193377 |
| **Engineering & Construction - 1.3%** |  |  |
| MYR Group, Inc. <sup>(a)</sup> | 537 | 116905 |
| TopBuild Corp. <sup>(a)</sup> | 933 | 394174 |
|  |  | 511079 |
| **Environmental Control - 15.4%** |  |  |
| Enviri Corp. <sup>(a)</sup> | 2771 | 33834 |
| GFL Environmental, Inc. | 18168 | 793760 |
| PureCycle Technologies, Inc. <sup>(a)</sup> | 6489 | 75143 |
| Republic Services, Inc. | 8759 | 1823974 |
| Waste Connections, Inc. | 9311 | 1561268 |
| Waste Management, Inc. | 8965 | 1790938 |
|  |  | 6078917 |
| **Food - 0.1%** |  |  |
| Beyond Meat, Inc. <sup>(a)</sup> | 2359 | 3904 |
| Hain Celestial Group, Inc. <sup>(a)</sup> | 3292 | 3819 |
| Oatly Group AB - ADR <sup>(a)</sup> | 1071 | 16911 |
| SunOpta, Inc. <sup>(a)</sup> | 4325 | 22576 |
|  |  | 47210 |
| **Home Builders - 0.6%** |  |  |
| Installed Building Products, Inc. | 965 | 239542 |
| **Household Products & Wares - 0.1%** |  |  |
| Quanex Building Products Corp. | 1658 | 23560 |
| **Internet - 0.1%** |  |  |
| Liquidity Services, Inc. <sup>(a)</sup> | 1226 | 29350 |

---

---

| | | |
|:---|:---|:---|
| **Iron & Steel - 5.6%** |  |  |
| Commercial Metals Co. | 3947.0 | 234294 |
| Nucor Corp. | 7992.0 | 1199200 |
| Steel Dynamics, Inc. | 5018.0 | 786822 |
|  |  | 2220316 |
| **Leisure Time - 0.1%** |  |  |
| Livewire Group, Inc. <sup>(a)</sup> | 7819.0 | 42848 |
| Niu Technologies - ADR <sup>(a)</sup> | 3047.0 | 12798 |
|  |  | 55646 |
| **Machinery - Construction & Mining - 6.0%** |  |  |
| GE Vernova, Inc. | 3101.0 | 1814519 |
| NANO Nuclear Energy, Inc. <sup>(a)</sup> | 1676.0 | 79677 |
| NuScale Power Corp. <sup>(a)</sup> | 10641.0 | 477462 |
|  |  | 2371658 |
| **Machinery - Diversified - 0.9%** |  |  |
| GrafTech International Ltd. <sup>(a)</sup> | 749.0 | 10111 |
| Watts Water Technologies, Inc. - Class A | 1223.0 | 333390 |
|  |  | 343501 |
| **Metal Fabricate & Hardware - 0.8%** |  |  |
| Metallus, Inc. <sup>(a)</sup> | 1519.0 | 26719 |
| Valmont Industries, Inc. | 702.0 | 290228 |
|  |  | 316947 |
| **Mining - 14.1%** |  |  |
| Cameco Corp. | 15222.0 | 1555841 |
| Centrus Energy Corp. - Class A <sup>(a)</sup> | 619.0 | 227458 |
| Critical Metals Corp. <sup>(a)</sup> | 2847.0 | 36840 |
| Denison Mines Corp. <sup>(a)</sup> | 44218.0 | 140171 |
| Encore Energy Corp. <sup>(a)</sup> | 9156.0 | 28292 |
| Energy Fuels, Inc. <sup>(a)</sup> | 7114.0 | 145908 |
| ERO Copper Corp. <sup>(a)</sup> | 4961.0 | 105917 |
| ioneer Ltd. - ADR <sup>(a)</sup> | 2459.0 | 11705 |
| IperionX Ltd. - ADR <sup>(a)</sup> | 1184.0 | 51924 |
| Lithium Americas Corp. <sup>(a)</sup> | 9029.0 | 49659 |
| Lithium Argentina AG <sup>(a)</sup> | 5414.0 | 22793 |
| MP Materials Corp. <sup>(a)</sup> | 6455.0 | 407246 |
| NexGen Energy Ltd. <sup>(a)</sup> | 29234.0 | 285324 |
| Sigma Lithium Corp. <sup>(a)</sup> | 5606.0 | 36383 |
| Southern Copper Corp. | 14913.0 | 2069924 |
| TMC the metals Co., Inc. <sup>(a)</sup> | 12068.0 | 85321 |
| Uranium Energy Corp. <sup>(a)</sup> | 16254.0 | 245923 |
| Uranium Royalty Corp. <sup>(a)</sup> | 6613.0 | 32139 |
| Ur-Energy, Inc. <sup>(a)</sup> | 17591.0 | 30257 |
|  |  | 5569025 |
| **Retail - 0.2%** |  |  |
| ATRenew, Inc. - ADR <sup>(a)</sup> | 7743.0 | 29965 |
| Clean Energy Fuels Corp. <sup>(a)</sup> | 7751.0 | 22168 |
| EVgo, Inc. <sup>(a)</sup> | 11423.0 | 46949 |
|  |  | 99082 |
| **Software - 3.7%** |  |  |
| 8x8, Inc. <sup>(a)</sup> | 4692.0 | 8633 |
| DocuSign, Inc. <sup>(a)</sup> | 7243.0 | 529753 |
| Kaltura, Inc. <sup>(a)</sup> | 6057.0 | 9389 |
| Zoom Communications, Inc. <sup>(a)</sup> | 10417.0 | 908675 |
|  |  | 1456450 |

---

---

| | | |
|:---|:---|:---|
| **Telecommunications - 0.1%** | **Telecommunications - 0.1%** | |
| AudioCodes Ltd. | 1062 | 9484 |
| Preformed Line Products Co. | 169 | 35846 |
|  |  | 45330 |
| **TOTAL COMMON STOCKS (Cost $29,374,835)** |  | 39211880 |
| **REAL ESTATE INVESTMENT TRUSTS - COMMON - 0.3%** |  |  |
| **Investment Companies - 0.3%** |  |  |
| HA Sustainable Infrastructure Capital, Inc. | 4417 | 122395 |
| **TOTAL REAL ESTATE INVESTMENT TRUSTS - COMMON (Cost $122,231)** |  | 122395 |
| **SHORT-TERM INVESTMENTS** |  |  |
| **MONEY MARKET FUNDS - 0.3%** |  |  |
| First American Government Obligations Fund - Class X, 4.03% <sup>(b)</sup> | 133788 | 133788 |
| **TOTAL MONEY MARKET FUNDS (Cost $133,788)** |  | 133788 |
| **TOTAL INVESTMENTS - 100.0% (Cost $29,630,854)** |  | 39468063 |
| Other Assets in Excess of Liabilities - 0.0% <sup>(c)</sup> |  | 5213 |
| **TOTAL NET ASSETS - 100.0%** |  | $39473276 |

---

Percentages are stated as a percent of net assets.

ADR - American Depositary Receipt <br> LP - Limited Partnership <br> PLC - Public Limited Company

(a) Non-income
 producing security.

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

(c) Represents
 less than 0.05% of net assets.

**Summary of Fair Value Disclosure as of October 31, 2025 (Unaudited)**

Carbon Collective Climate Solutions U.S. Equity 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:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| <u>Investments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks | $39211880 | $— | $— | $39211880 |
| &nbsp;&nbsp;&nbsp;Real Estate Investment Trusts - Common | 122395 |  |  | 122395 |
| &nbsp;&nbsp;&nbsp;Money Market Funds | 133788 |  |  | 133788 |
| Total Investments | $39468063 | $— | $— | $39468063 |

---

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:** 8449867676

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

- **a. Name of Series:** Carbon Collective Climate Solutions U.S.Equity ETF

- **b. EDGAR series identifier (if any):** S000076804

- **c. LEI of Series:** 5493008VSTPRHOFOQF49

**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:** $40119751.60

**Total Liabilities:** $646476.39

**Net Assets:** $39473275.21

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000236854 | 0.86%                | 4.55%                | 3.81%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-0.15                   | $283000.43                                 |
| Month 2  | $-80.05                  | $1580815.56                                |
| Month 3  | $849669.52               | $557836.18                                 |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| 8x8 Inc                                  | 8x8 Inc                                    | CUSIP: 282914100<br>LEI: 254900XWSOC5U1BRW939 | Long             | EC               | CORP              | US        |      4692 | NS      | $8633.28      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AAON Inc                                 | AAON Inc                                   | CUSIP: 000360206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2958 | NS      | $291037.62    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Acuity Inc                               | Acuity Inc                                 | CUSIP: 00508Y102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1057 | NS      | $385857.85    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Ads-Tec Energy PLC                       | Ads-Tec Energy PLC                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IE        |      2044 | NS      | $23342.48     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameresco Inc                             | Ameresco Inc                               | CUSIP: 02361E108<br>LEI: 529900NZXZGBCBXYY327 | Long             | EC               | CORP              | US        |      1830 | NS      | $72321.60     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Amprius Technologies Inc                 | Amprius Technologies Inc                   | CUSIP: 03214Q108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4725 | NS      | $66575.25     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Apogee Enterprises Inc                   | Apogee Enterprises Inc                     | CUSIP: 037598109<br>LEI: 549300579S7QW8V4IJ60 | Long             | EC               | CORP              | US        |       796 | NS      | $29141.56     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer Aviation Inc                      | Archer Aviation Inc                        | CUSIP: 03945R102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25134 | NS      | $282003.48    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Array Technologies Inc                   | Array Technologies Inc                     | CUSIP: 04271T100<br>LEI: 549300JM5FECYJQ85V37 | Long             | EC               | CORP              | US        |      5377 | NS      | $46564.82     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| ATRenew Inc                              | ATRenew Inc                                | CUSIP: 00138L108<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      7743 | NS      | $29965.41     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AudioCodes Ltd                           | AudioCodes Ltd                             | CUSIP: N/A<br>LEI: 529900TA48138NEVR854       | Long             | EC               | CORP              | IL        |      1062 | NS      | $9483.66      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Badger Meter Inc                         | Badger Meter Inc                           | CUSIP: 056525108<br>LEI: 5493002JENE20OGTUG20 | Long             | EC               | CORP              | US        |      1091 | NS      | $196870.95    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Ballard Power Systems Inc                | Ballard Power Systems Inc                  | CUSIP: 058586108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     10973 | NS      | $39173.61     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Beyond Meat Inc                          | Beyond Meat Inc                            | CUSIP: 08862E109<br>LEI: 549300XQ946NCE51DR09 | Long             | EC               | CORP              | US        |      2359 | NS      | $3904.15      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Renewable Corp                | Brookfield Renewable Corp                  | CUSIP: 11285B108<br>LEI: 894500N9AWD5I1YNP231 | Long             | EC               | CORP              | US        |      6382 | NS      | $276085.32    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corp                              | Cameco Corp                                | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |     15222 | NS      | $1555840.62   | 3.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Solar Inc                       | Canadian Solar Inc                         | CUSIP: 136635109<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      2249 | NS      | $46689.24     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Carrier Global Corp                      | Carrier Global Corp                        | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |     33516 | NS      | $1993866.84   | 5.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Centrus Energy Corp                      | Centrus Energy Corp                        | CUSIP: 15643U104<br>LEI: 549300G6VDK9G8276661 | Long             | EC               | CORP              | US        |       619 | NS      | $227457.74    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| ChargePoint Holdings Inc                 | ChargePoint Holdings Inc                   | CUSIP: 15961R303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       753 | NS      | $8132.40      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Clean Energy Fuels Corp                  | Clean Energy Fuels Corp                    | CUSIP: 184499101<br>LEI: 549300MTQB4VUAOPMF71 | Long             | EC               | CORP              | US        |      7751 | NS      | $22167.86     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearway Energy Inc                      | Clearway Energy Inc                        | CUSIP: 18539C105<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               | CORP              | US        |      7581 | NS      | $227354.19    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Co                     | Commercial Metals Co                       | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |      3947 | NS      | $234293.92    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Critical Metals Corp                     | Critical Metals Corp                       | CUSIP: N/A<br>LEI: 984500158752F66VAE27       | Long             | EC               | CORP              | AT        |      2847 | NS      | $36840.18     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Daqo New Energy Corp                     | Daqo New Energy Corp                       | CUSIP: 23703Q203<br>LEI: 529900711JBZ5O7VA827 | Long             | EC               | CORP              | CN        |      2409 | NS      | $78677.94     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Denison Mines Corp                       | Denison Mines Corp                         | CUSIP: 248356107<br>LEI: 529900JWGSW17LJK6586 | Long             | EC               | CORP              | CA        |     44218 | NS      | $140171.06    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Docusign Inc                             | Docusign Inc                               | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |      7243 | NS      | $529753.02    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Encore Energy Corp                       | Encore Energy Corp                         | CUSIP: 29259W700<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      9156 | NS      | $28292.04     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Fuels Inc/Canada                  | Energy Fuels Inc/Canada                    | CUSIP: 292671708<br>LEI: 529900P0GCATXMGK8I62 | Long             | EC               | CORP              | US        |      7114 | NS      | $145908.14    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Vault Holdings Inc                | Energy Vault Holdings Inc                  | CUSIP: 29280W109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5292 | NS      | $18733.68     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Enlight Renewable Energy Ltd             | Enlight Renewable Energy Ltd               | CUSIP: N/A<br>LEI: 984500HF6A99N758F734       | Long             | EC               | CORP              | IL        |     14424 | NS      | $507724.80    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Enphase Energy Inc                       | Enphase Energy Inc                         | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |      4678 | NS      | $142725.78    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Enviri Corp                              | Enviri Corp                                | CUSIP: 415864107<br>LEI: KAO98FK89NPNNPQGUZ43 | Long             | EC               | CORP              | US        |      2771 | NS      | $33833.91     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Eos Energy Enterprises Inc               | Eos Energy Enterprises Inc                 | CUSIP: 29415C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9196 | NS      | $147411.88    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ERO Copper Corp                          | ERO Copper Corp                            | CUSIP: 296006109<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      4961 | NS      | $105917.35    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Eve Holding Inc                          | Eve Holding Inc                            | CUSIP: 29970N104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12782 | NS      | $55729.52     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| EVgo Inc                                 | EVgo Inc                                   | CUSIP: 30052F100<br>LEI: 254900NJU5Y3D9R42S26 | Long             | EC               | CORP              | US        |     11423 | NS      | $46948.53     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli           | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |    127163 | NS      | $127162.58    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                          | First Solar Inc                            | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |      3726 | NS      | $994618.44    | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Fluence Energy Inc                       | Fluence Energy Inc                         | CUSIP: 34379V103<br>LEI: 25490043LHZ97BT5PP29 | Long             | EC               | CORP              | US        |      6662 | NS      | $139902.00    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| FutureFuel Corp                          | FutureFuel Corp                            | CUSIP: 36116M106<br>LEI: 529900WYQZSMWFXLA845 | Long             | EC               | CORP              | US        |      1562 | NS      | $6138.66      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc                           | GE Vernova Inc                             | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |      3101 | NS      | $1814519.14   | 4.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Gevo Inc                                 | Gevo Inc                                   | CUSIP: 374396406<br>LEI: 549300IV6EW4O1OJD686 | Long             | EC               | CORP              | US        |      8512 | NS      | $19918.08     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| GFL Environmental Inc                    | GFL Environmental Inc                      | CUSIP: 36168Q104<br>LEI: 894500E7NLBY9VZRT696 | Long             | EC               | CORP              | CA        |     18168 | NS      | $793759.92    | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GrafTech International Ltd               | GrafTech International Ltd                 | CUSIP: 384313607<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       749 | NS      | $10111.50     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| HA Sustainable Infrastructure            | HA Sustainable Infrastructure Capital Inc  | CUSIP: 41068X100<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | EC               | CORP              | US        |      4417 | NS      | $122395.07    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Hain Celestial Group Inc/The             | Hain Celestial Group Inc/The               | CUSIP: 405217100<br>LEI: 5493000S8QXWHLIXDP75 | Long             | EC               | CORP              | US        |      3292 | NS      | $3818.72      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell Inc                              | Hubbell Inc                                | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |      1866 | NS      | $877020.00    | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Hudson Technologies Inc                  | Hudson Technologies Inc                    | CUSIP: 444144109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1586 | NS      | $14392.95     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyliion Holdings Corp                    | Hyliion Holdings Corp                      | CUSIP: 449109107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6122 | NS      | $14509.14     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Installed Building Products In           | Installed Building Products Inc            | CUSIP: 45780R101<br>LEI: 549300I95Y9P9YM5FI86 | Long             | EC               | CORP              | US        |       965 | NS      | $239541.95    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| ioneer Ltd                               | ioneer Ltd                                 | CUSIP: 46211L101<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |      2459 | NS      | $11704.84     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| IperionX Ltd                             | IperionX Ltd                               | CUSIP: 44916E100<br>LEI: 98450096B1C9E094C832 | Long             | EC               | CORP              | AU        |      1184 | NS      | $51924.32     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Itron Inc                                | Itron Inc                                  | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | EC               | CORP              | US        |      1617 | NS      | $162233.61    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| JinkoSolar Holding Co Ltd                | JinkoSolar Holding Co Ltd                  | CUSIP: 47759T100<br>LEI: 529900Y93WNCS05FG852 | Long             | EC               | CORP              | CN        |      4468 | NS      | $112191.48    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Joby Aviation Inc                        | Joby Aviation Inc                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     35049 | NS      | $607749.66    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International           | Johnson Controls International plc         | CUSIP: N/A<br>LEI: 549300XQ6S1GYKGBL205       | Long             | EC               | CORP              | US        |     18021 | NS      | $2061422.19   | 5.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Kaltura Inc                              | Kaltura Inc                                | CUSIP: 483467106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6057 | NS      | $9388.35      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| KULR Technology Group Inc                | KULR Technology Group Inc                  | CUSIP: 50125G307<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1409 | NS      | $5396.47      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennox International Inc                 | Lennox International Inc                   | CUSIP: 526107107<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | EC               | CORP              | US        |      1286 | NS      | $649430.00    | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Li Auto Inc                              | Li Auto Inc                                | CUSIP: 50202M102<br>LEI: 2549003R73Q70J5H4I65 | Long             | EC               | CORP              | CN        |     41396 | NS      | $863106.60    | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Liquidity Services Inc                   | Liquidity Services Inc                     | CUSIP: 53635B107<br>LEI: 5299002AZ4ULSAXN0G81 | Long             | EC               | CORP              | US        |      1226 | NS      | $29350.44     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Lithium Americas Corp                    | Lithium Americas Corp                      | CUSIP: 53681J103<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      9029 | NS      | $49659.50     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Lithium Argentina AG                     | Lithium Argentina AG                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CH        |      5414 | NS      | $22792.94     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Livewire Group Inc                       | Livewire Group Inc                         | CUSIP: 53838J105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7819 | NS      | $42848.12     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| LKQ Corp                                 | LKQ Corp                                   | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | EC               | CORP              | US        |      9526 | NS      | $304450.96    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Lotus Technology inc                     | Lotus Technology inc                       | CUSIP: 54572F101<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     25517 | NS      | $40827.20     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| LSI Industries Inc                       | LSI Industries Inc                         | CUSIP: 50216C108<br>LEI: 529900HY42OANH6BVT33 | Long             | EC               | CORP              | US        |      1076 | NS      | $24629.64     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Lucid Group Inc                          | Lucid Group Inc                            | CUSIP: 549498202<br>LEI: 529900MRL9Z13ZCRVD74 | Long             | EC               | CORP              | US        |     12203 | NS      | $216603.25    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Metallus Inc                             | Metallus Inc                               | CUSIP: 887399103<br>LEI: 549300QZTZWHDE9HJL14 | Long             | EC               | CORP              | US        |      1519 | NS      | $26719.21     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Microvast Holdings Inc                   | Microvast Holdings Inc                     | CUSIP: 59516C106<br>LEI: 549300J4UX9OMHSTKS35 | Long             | EC               | CORP              | US        |     11847 | NS      | $64566.15     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Montauk Renewables Inc                   | Montauk Renewables Inc                     | CUSIP: 61218C103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5092 | NS      | $10336.76     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MP Materials Corp                        | MP Materials Corp                          | CUSIP: 553368101<br>LEI: 89450063PHPS61USMT84 | Long             | EC               | CORP              | US        |      6455 | NS      | $407245.95    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MYR Group Inc                            | MYR Group Inc                              | CUSIP: 55405W104<br>LEI: 529900G1IMMZHOQ17I54 | Long             | EC               | CORP              | US        |       537 | NS      | $116904.90    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| NANO Nuclear Energy Inc                  | NANO Nuclear Energy Inc                    | CUSIP: 63010H108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1676 | NS      | $79677.04     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| NexGen Energy Ltd                        | NexGen Energy Ltd                          | CUSIP: 65340P106<br>LEI: 529900N0IXNXB3IP7F06 | Long             | EC               | CORP              | CA        |     29234 | NS      | $285323.84    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTracker Inc                           | NEXTracker Inc                             | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4932 | NS      | $499217.04    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| NIO Inc                                  | NIO Inc                                    | CUSIP: 62914V106<br>LEI: 549300JBU4TV5OCKJV96 | Long             | EC               | CORP              | CN        |     88173 | NS      | $639254.25    | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Niu Technologies                         | Niu Technologies                           | CUSIP: 65481N100<br>LEI: 549300NJKNSC80EVQ065 | Long             | EC               | CORP              | CN        |      3047 | NS      | $12797.40     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Novonix Ltd                              | Novonix Ltd                                | CUSIP: 67010L100<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |      3884 | NS      | $5864.84      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Nucor Corp                               | Nucor Corp                                 | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |      7992 | NS      | $1199199.60   | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NuScale Power Corp                       | NuScale Power Corp                         | CUSIP: 67079K100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10641 | NS      | $477461.67    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Oatly Group AB                           | Oatly Group AB                             | CUSIP: 67421J207<br>LEI: N/A                  | Long             | EC               | CORP              | SE        |      1071 | NS      | $16911.09     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Oklo Inc                                 | Oklo Inc                                   | CUSIP: 02156V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5386 | NS      | $715099.22    | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| OPAL Fuels Inc                           | OPAL Fuels Inc                             | CUSIP: 68347P103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5926 | NS      | $14281.66     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ormat Technologies Inc                   | Ormat Technologies Inc                     | CUSIP: 686688102<br>LEI: 5493000TSHHWY24VHM09 | Long             | EC               | CORP              | US        |      2117 | NS      | $225185.29    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Owens Corning                            | Owens Corning                              | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |      3129 | NS      | $398352.99    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Plug Power Inc                           | Plug Power Inc                             | CUSIP: 72919P202<br>LEI: 549300JPDKRSJ8JSM954 | Long             | EC               | CORP              | US        |     47087 | NS      | $126664.03    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Polestar Automotive Holding UK           | Polestar Automotive Holding UK PLC         | CUSIP: 731105201<br>LEI: 894500HDA1DJKHYN4D83 | Long             | EC               | CORP              | SE        |     86688 | NS      | $73242.69     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Preformed Line Products Co               | Preformed Line Products Co                 | CUSIP: 740444104<br>LEI: 549300EYH53XDJID2098 | Long             | EC               | CORP              | US        |       169 | NS      | $35846.59     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PureCycle Technologies Inc               | PureCycle Technologies Inc                 | CUSIP: 74623V103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6489 | NS      | $75142.62     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanex Building Products Corp            | Quanex Building Products Corp              | CUSIP: 747619104<br>LEI: 5493000TL30VL5WOAW87 | Long             | EC               | CORP              | US        |      1658 | NS      | $23560.18     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services Inc                      | Quanta Services Inc                        | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |      4520 | NS      | $2030067.60   | 5.14%             |  |  |  | No            |                  1 | On Loan: No      |
| QuantumScape Corp                        | QuantumScape Corp                          | CUSIP: 74767V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20750 | NS      | $382630.00    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| ReNew Energy Global PLC                  | ReNew Energy Global PLC                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | GB        |     12830 | NS      | $96738.20     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services Inc                    | Republic Services Inc                      | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |      8759 | NS      | $1823974.16   | 4.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Rivian Automotive Inc                    | Rivian Automotive Inc                      | CUSIP: 76954A103<br>LEI: 25490004LNKJ84MFYY24 | Long             | EC               | CORP              | US        |     44720 | NS      | $606850.40    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoals Technologies Group Inc            | Shoals Technologies Group Inc              | CUSIP: 82489W107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5851 | NS      | $61494.01     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Sigma Lithium Corp                       | Sigma Lithium Corp                         | CUSIP: 826599102<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      5606 | NS      | $36382.94     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| SolarEdge Technologies Inc               | SolarEdge Technologies Inc                 | CUSIP: 83417M104<br>LEI: 5493000K6Y58XXPDF853 | Long             | EC               | CORP              | IL        |      2021 | NS      | $70916.89     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Copper Corp                     | Southern Copper Corp                       | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |     14913 | NS      | $2069924.40   | 5.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics Inc                       | Steel Dynamics Inc                         | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |      5018 | NS      | $786822.40    | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| SunOpta Inc                              | SunOpta Inc                                | CUSIP: 8676EP108<br>LEI: 54930010CP0KEPPRPA40 | Long             | EC               | CORP              | US        |      4325 | NS      | $22576.50     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunrun Inc                               | Sunrun Inc                                 | CUSIP: 86771W105<br>LEI: 54930007SJ77CI66U531 | Long             | EC               | CORP              | US        |      7797 | NS      | $161865.72    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Tecnoglass Inc                           | Tecnoglass Inc                             | CUSIP: N/A<br>LEI: 529900YRWTPOC2E6IO67       | Long             | EC               | CORP              | US        |      1719 | NS      | $102503.97    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| TMC the metals co Inc                    | TMC the metals co Inc                      | CUSIP: 87261Y106<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     12068 | NS      | $85320.76     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| TopBuild Corp                            | TopBuild Corp                              | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Long             | EC               | CORP              | US        |       933 | NS      | $394173.84    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Uranium Energy Corp                      | Uranium Energy Corp                        | CUSIP: 916896103<br>LEI: 549300VD69WD2USLIP04 | Long             | EC               | CORP              | CA        |     16254 | NS      | $245923.02    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Uranium Royalty Corp                     | Uranium Royalty Corp                       | CUSIP: 91702V101<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      6613 | NS      | $32139.18     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ur-Energy Inc                            | Ur-Energy Inc                              | CUSIP: 91688R108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     17591 | NS      | $30256.52     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Valmont Industries Inc                   | Valmont Industries Inc                     | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |       702 | NS      | $290227.86    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertical Aerospace Ltd                   | Vertical Aerospace Ltd                     | CUSIP: N/A<br>LEI: 9845002F3CF4E56DA491       | Long             | EC               | CORP              | GB        |      3820 | NS      | $17228.20     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Vinfast Auto Ltd                         | Vinfast Auto Ltd                           | CUSIP: N/A<br>LEI: 984500MF94854KCA5945       | Long             | EC               | CORP              | VN        |     82645 | NS      | $264464.00    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Connections Inc                    | Waste Connections Inc                      | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |      9311 | NS      | $1561268.48   | 3.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management Inc                     | Waste Management Inc                       | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |      8965 | NS      | $1790938.05   | 4.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Watts Water Technologies Inc             | Watts Water Technologies Inc               | CUSIP: 942749102<br>LEI: 549300REJOO94ERQN318 | Long             | EC               | CORP              | US        |      1223 | NS      | $333389.80    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Willdan Group Inc                        | Willdan Group Inc                          | CUSIP: 96924N100<br>LEI: 529900YQO0LF5VAEKN05 | Long             | EC               | CORP              | US        |       511 | NS      | $48294.61     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| XPeng Inc                                | XPeng Inc                                  | CUSIP: 98422D105<br>LEI: 549300TZNMIREMWQU857 | Long             | EC               | CORP              | CN        |     36079 | NS      | $847495.71    | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| XPLR Infrastructure LP                   | XPLR Infrastructure LP                     | CUSIP: 65341B106<br>LEI: 5493008F4ZOQFNG3WN54 | Long             | EC               | CORP              | US        |      3423 | NS      | $33750.78     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ZEEKR Intelligent Technology Holding Ltd | ZEEKR Intelligent Technology Holding Ltd   | CUSIP: 98923K103<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      9020 | NS      | $257340.60    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoom Communications Inc                  | Zoom Communications Inc                    | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               | CORP              | US        |     10417 | NS      | $908674.91    | 2.30%             |  |  |  | No            |                  1 | 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