# EDGAR Filing Document

**Accession Number:** 0001924868
**File Stem:** 0002000324-26-000609
**Filing Date:** 2026-2
**Character Count:** 13155
**Document Hash:** 66c1053da322558b98a4d51edb36f43b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-26-000609.hdr.sgml**: 20260225

**ACCESSION NUMBER**: 0002000324-26-000609

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260225

**DATE AS OF CHANGE**: 20260225

**PERIOD START**: 20260331

**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:** 26675247

**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

### Tactical Advantage ETF (Series ID: S000080161)

| Class ID   | Class Name             | Ticker Symbol   |
|:---|:---|:---|
| C000241844 | Tactical Advantage ETF |  |

## Nport-Ex

**Tactical Advantage ETF**

**Schedule of Investments**

**December 31, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **EXCHANGE TRADED FUNDS - 95.3%** | **Shares** | **Value** |
| Fidelity Ethereum Fund <sup>(a)</sup> | 22416 | $663738 |
| Global X U.S. Infrastructure Development ETF | 59001 | 2819658 |
| iShares 0-3 Month Treasury Bond ETF | 27161 | 2726421 |
| iShares U.S. Aerospace & Defense ETF | 6241 | 1339880 |
| SPDR Gold MiniShares Trust <sup>(a)</sup> | 33745 | 2880811 |
| State Street Communication Services Select Sector SPDR ETF | 12286 | 1446308 |
| State Street Financial Select Sector SPDR ETF | 52592 | 2880464 |
| State Street Industrial Select Sector SPDR ETF | 18506 | 2870651 |
| State Street Technology Select Sector SPDR ETF | 21333 | 3071312 |
| Vanguard Growth ETF | 6078 | 2965213 |
| Vanguard Mid-Cap Growth ETF | 4931 | 1376439 |
| Vanguard Mid-Cap Value ETF | 8142 | 1444146 |
| Vanguard S&P 500 ETF | 2294 | 1438636 |
| Vanguard U.S. Momentum Factor ETF | 7464 | 1427490 |
| Vanguard Value ETF | 15002 | 2865232 |
| **TOTAL EXCHANGE TRADED FUNDS** (Cost $30,387,190) |  | 32216399 |
| **SHORT-TERM INVESTMENTS** |  |  |
| **MONEY MARKET FUNDS - 4.7%** |  |  |
| First American Government Obligations Fund - Class X, 3.67% <sup>(b)</sup> | 1605797 | 1605797 |
| **TOTAL MONEY MARKET FUNDS** (Cost $1,605,797) |  | 1605797 |
| **TOTAL INVESTMENTS - 100.0%** (Cost $31,992,987) |  | 33822196 |
| Other Assets in Excess of Liabilities - 0.0% <sup>(c)</sup> |  | 6026 |
| **TOTAL NET ASSETS - 100.0%** |  | $33828222 |

---

Percentages are stated as a percent of net assets.

(a) Non-income
 producing security.

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

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

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

Tactical Advantage 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 December 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| <u>Investments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Exchange Traded Funds | $32216399 | $— | $— | $32216399 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | 1605797 |  |  | 1605797 |
| Total Investments | $33822196 | $— | $— | $33822196 |

---

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:** Tactical Advantage ETF

- **b. EDGAR series identifier (if any):** S000080161

- **c. LEI of Series:** 54930002PIJFZUMDC234

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-12-31

**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:** $34051934.29

**Total Liabilities:** $223713.55

**Net Assets:** $33828220.74

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000241844 | 1.06%                | -1.12%               | 0.16%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1032295.67              | $-655039.04                                |
| Month 2  | $-303082.29              | $-96798.48                                 |
| Month 3  | $8000.45                 | $-30439.42                                 |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Fidelity Ethereum Fund          | Fidelity Ethereum Fund                                     | CUSIP: 31613E103<br>LEI: N/A                  | Long             | EC               | RF                | US        |     22416 | NS      | $663737.76    | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Global X US Infrastructure Dev  | Global X US Infrastructure Development ETF                 | CUSIP: 37954Y673<br>LEI: 549300P5QELW9NWLDY61 | Long             | EC               | RF                | US        |     59001 | NS      | $2819657.79   | 8.34%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares 0-3 Month Treasury Bon  | iShares 0-3 Month Treasury Bond ETF                        | CUSIP: 46436E718<br>LEI: 549300L2T50TTT4U6186 | Long             | EC               | RF                | US        |     27161 | NS      | $2726421.18   | 8.06%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares U.S. Aerospace & Defen  | iShares U.S. Aerospace & Defense ETF                       | CUSIP: 464288760<br>LEI: 549300BI35CWQ4Q8FM41 | Long             | EC               | RF                | US        |      6241 | NS      | $1339880.29   | 3.96%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Gold MiniShares Trust      | SPDR Gold MiniShares Trust                                 | CUSIP: 98149E303<br>LEI: 5493002IEEMEY6LRJ932 | Long             | EC               | RF                | US        |     33745 | NS      | $2880810.65   | 8.52%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Communication Ser  | State Street Communication Services Select Sector SPDR ETF | CUSIP: 81369Y852<br>LEI: 549300RPODKQJE2HDW24 | Long             | EC               | RF                | US        |     12286 | NS      | $1446307.92   | 4.28%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Financial Select   | State Street Financial Select Sector SPDR ETF              | CUSIP: 81369Y605<br>LEI: 549300Y12KQ6ZG08NY28 | Long             | EC               | RF                | US        |     52592 | NS      | $2880463.84   | 8.51%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Industrial Select  | State Street Industrial Select Sector SPDR ETF             | CUSIP: 81369Y704<br>LEI: 549300HQI51T8KP6U325 | Long             | EC               | RF                | US        |     18506 | NS      | $2870650.72   | 8.49%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Technology Select  | State Street Technology Select Sector SPDR ETF             | CUSIP: 81369Y803<br>LEI: 549300BR5T0JNM2MW070 | Long             | EC               | RF                | US        |     21333 | NS      | $3071312.01   | 9.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Growth ETF             | Vanguard Growth ETF                                        | CUSIP: 922908736<br>LEI: N/A                  | Long             | EC               | RF                | US        |      6078 | NS      | $2965213.08   | 8.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Mid-Cap Growth ETF     | Vanguard Mid-Cap Growth ETF                                | CUSIP: 922908538<br>LEI: N/A                  | Long             | EC               | RF                | US        |      4931 | NS      | $1376439.34   | 4.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Mid-Cap Value ETF      | Vanguard Mid-Cap Value ETF                                 | CUSIP: 922908512<br>LEI: N/A                  | Long             | EC               | RF                | US        |      8142 | NS      | $1444146.54   | 4.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard S&P 500 ETF            | Vanguard S&P 500 ETF                                       | CUSIP: 922908363<br>LEI: N/A                  | Long             | EC               | RF                | US        |      2294 | NS      | $1438636.22   | 4.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard US Momentum Factor ETF | Vanguard US Momentum Factor ETF                            | CUSIP: 921935508<br>LEI: N/A                  | Long             | EC               | RF                | US        |      7464 | NS      | $1427490.00   | 4.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Value ETF              | Vanguard Value ETF                                         | CUSIP: 922908744<br>LEI: N/A                  | Long             | EC               | RF                | US        |     15002 | NS      | $2865231.98   | 8.47%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli  | First American Government Obligations Fund                 | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   1593658 | NS      | $1593657.87   | 4.71%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-25

**Name of Applicant:** Tidal Trust II

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer