# EDGAR Filing Document

**Accession Number:** 0001924868
**File Stem:** 0001145549-25-044359
**Filing Date:** 2025-6
**Character Count:** 58872
**Document Hash:** 407fa3366620283459c2b3de36b09815
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-044359.hdr.sgml**: 20250627

**ACCESSION NUMBER**: 0001145549-25-044359

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250627

**DATE AS OF CHANGE**: 20250627

**PERIOD START**: 20251031

**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:** 251085979

**BUSINESS ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET, SUITE 203
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53204
- **BUSINESS PHONE:** (844) 986-7676

**MAIL ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET, SUITE 203
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53204

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Tidal ETF Trust II
- **DATE OF NAME CHANGE:** 20220421

## Series and Classes Contracts Data

### YieldMax(TM) Target 12(TM) Big 50 Option Income ETF (Series ID: S000088623)

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

## Nport-Ex

---

| | | | |
|:---|:---|:---|:---|
| **YieldMax Target 12 Big 50 Option Income ETF** | **YieldMax Target 12 Big 50 Option Income ETF** | **YieldMax Target 12 Big 50 Option Income ETF** | **YieldMax Target 12 Big 50 Option Income ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **April 30, 2025 (Unaudited)** | **April 30, 2025 (Unaudited)** | **April 30, 2025 (Unaudited)** | **April 30, 2025 (Unaudited)** |
| **COMMON STOCKS - 97.2%** | **COMMON STOCKS - 97.2%** | **Shares** | **Value**  |
| **Aerospace & Defense - 0.8%** | **Aerospace & Defense - 0.8%** | **Aerospace & Defense - 0.8%** | |
| General Electric Co. <sup>(a)</sup> | General Electric Co. <sup>(a)</sup> | 295 | $59454 |
| **Agriculture - 0.9%** | **Agriculture - 0.9%** | **Agriculture - 0.9%** |  |
| Philip Morris International, Inc. <sup>(a)</sup> | Philip Morris International, Inc. <sup>(a)</sup> | 407 | 69744 |
| **Auto Manufacturers - 2.8%** | **Auto Manufacturers - 2.8%** | **Auto Manufacturers - 2.8%** |  |
| Tesla, Inc. <sup>(a)(b)</sup> | Tesla, Inc. <sup>(a)(b)</sup> | 800 | 225728 |
| **Banks - 4.2%** | **Banks - 4.2%** | **Banks - 4.2%** |  |
| Bank of America Corp. <sup>(a)</sup> | Bank of America Corp. <sup>(a)</sup> | 1859 | 74137 |
| JPMorgan Chase & Co. <sup>(a)</sup> | JPMorgan Chase & Co. <sup>(a)</sup> | 659 | 161205 |
| Morgan Stanley <sup>(a)</sup> | Morgan Stanley <sup>(a)</sup> | 372 | 42936 |
| Wells Fargo & Co. <sup>(a)</sup> | Wells Fargo & Co. <sup>(a)</sup> | 738 | 52405 |
|  |  |  | 330683 |
| **Beverages - 2.0%** | **Beverages - 2.0%** | **Beverages - 2.0%** |  |
| Coca-Cola Co. <sup>(a)</sup> | Coca-Cola Co. <sup>(a)</sup> | 1372 | 99538 |
| PepsiCo, Inc. <sup>(a)</sup> | PepsiCo, Inc. <sup>(a)</sup> | 422 | 57215 |
|  |  |  | 156753 |
| **Biotechnology - 0.7%** | **Biotechnology - 0.7%** | **Biotechnology - 0.7%** |  |
| Amgen, Inc. <sup>(a)</sup> | Amgen, Inc. <sup>(a)</sup> | 177 | 51493 |
| **Computers - 11.5%** | **Computers - 11.5%** | **Computers - 11.5%** |  |
| Apple, Inc. <sup>(a)</sup> | Apple, Inc. <sup>(a)</sup> | 4018 | 853825 |
| International Business Machines Corp. <sup>(a)</sup> | International Business Machines Corp. <sup>(a)</sup> | 238 | 57553 |
|  |  |  | 911378 |
| **Cosmetics & Personal Care - 1.3%** | **Cosmetics & Personal Care - 1.3%** | **Cosmetics & Personal Care - 1.3%** |  |
| Procter & Gamble Co. <sup>(a)</sup> | Procter & Gamble Co. <sup>(a)</sup> | 645 | 104858 |
| **Diversified Financial Services - 4.2%** | **Diversified Financial Services - 4.2%** | **Diversified Financial Services - 4.2%** |  |
| American Express Co. <sup>(a)</sup> | American Express Co. <sup>(a)</sup> | 183 | 48753 |
| Mastercard, Inc. - Class A <sup>(a)</sup> | Mastercard, Inc. - Class A <sup>(a)</sup> | 236 | 129342 |
| Visa, Inc. - Class A <sup>(a)</sup> | Visa, Inc. - Class A <sup>(a)</sup> | 460 | 158930 |
|  |  |  | 337025 |
| **Healthcare - Products - 2.6%** | **Healthcare - Products - 2.6%** | **Healthcare - Products - 2.6%** |  |
| Abbott Laboratories <sup>(a)</sup> | Abbott Laboratories <sup>(a)</sup> | 448 | 58576 |
| Danaher Corp. <sup>(a)</sup> | Danaher Corp. <sup>(a)</sup> | 238 | 47441 |
| Intuitive Surgical, Inc. <sup>(a)(b)</sup> | Intuitive Surgical, Inc. <sup>(a)(b)</sup> | 100 | 51580 |
| Thermo Fisher Scientific, Inc. <sup>(a)</sup> | Thermo Fisher Scientific, Inc. <sup>(a)</sup> | 116 | 49764 |
|  |  |  | 207361 |
| **Healthcare - Services - 1.4%** | **Healthcare - Services - 1.4%** | **Healthcare - Services - 1.4%** |  |
| UnitedHealth Group, Inc. <sup>(a)</sup> | UnitedHealth Group, Inc. <sup>(a)</sup> | 268 | 110266 |
| **Internet - 18.1%** | **Internet - 18.1%** | **Internet - 18.1%** |  |
| Alphabet, Inc. - Class A <sup>(a)</sup> | Alphabet, Inc. - Class A <sup>(a)</sup> | 3076 | 488469 |
| Amazon.com, Inc. <sup>(a)(b)</sup> | Amazon.com, Inc. <sup>(a)(b)</sup> | 2441 | 450169 |
| Meta Platforms, Inc. - Class A <sup>(a)</sup> | Meta Platforms, Inc. - Class A <sup>(a)</sup> | 700 | 384300 |
| Netflix, Inc. <sup>(a)(b)</sup> | Netflix, Inc. <sup>(a)(b)</sup> | 100 | 113172 |
|  |  |  | 1436110 |
| **Machinery - Construction & Mining - 0.5%** | **Machinery - Construction & Mining - 0.5%** | **Machinery - Construction & Mining - 0.5%** |  |
| Caterpillar, Inc. <sup>(a)</sup> | Caterpillar, Inc. <sup>(a)</sup> | 136 | 42061 |
| **Oil & Gas - 2.6%** | **Oil & Gas - 2.6%** | **Oil & Gas - 2.6%** |  |
| Chevron Corp. <sup>(a)</sup> | Chevron Corp. <sup>(a)</sup> | 500 | 68030 |
| Exxon Mobil Corp. <sup>(a)</sup> | Exxon Mobil Corp. <sup>(a)</sup> | 1319 | 139326 |
|  |  |  | 207356 |
| **Pharmaceuticals - 7.0%** | **Pharmaceuticals - 7.0%** | **Pharmaceuticals - 7.0%** |  |
| AbbVie, Inc. <sup>(a)</sup> | AbbVie, Inc. <sup>(a)</sup> | 528 | 103013 |
| Eli Lilly & Co. <sup>(a)</sup> | Eli Lilly & Co. <sup>(a)</sup> | 303 | 272382 |
| Johnson & Johnson <sup>(a)</sup> | Johnson & Johnson <sup>(a)</sup> | 707 | 110511 |
| Merck & Co., Inc. <sup>(a)</sup> | Merck & Co., Inc. <sup>(a)</sup> | 816 | 69523 |
|  |  |  | 555429 |
| **Private Equity - 0.5%** | **Private Equity - 0.5%** | **Private Equity - 0.5%** |  |
| Blackstone, Inc. <sup>(a)</sup> | Blackstone, Inc. <sup>(a)</sup> | 275 | 36220 |
| **Retail - 5.8%** | **Retail - 5.8%** | **Retail - 5.8%** |  |
| Costco Wholesale Corp. <sup>(a)</sup> | Costco Wholesale Corp. <sup>(a)</sup> | 116 | 115362 |
| Home Depot, Inc. <sup>(a)</sup> | Home Depot, Inc. <sup>(a)</sup> | 267 | 96251 |
| McDonald's Corp. <sup>(a)</sup> | McDonald's Corp. <sup>(a)</sup> | 211 | 67446 |
| Walmart, Inc. <sup>(a)</sup> | Walmart, Inc. <sup>(a)</sup> | 1841 | 179037 |
|  |  |  | 458096 |
| **Semiconductors - 15.0%** | **Semiconductors - 15.0%** | **Semiconductors - 15.0%** |  |
| Advanced Micro Devices, Inc. <sup>(a)(b)</sup> | Advanced Micro Devices, Inc. <sup>(a)(b)</sup> | 1000 | 97350 |
| Broadcom, Inc. <sup>(a)</sup> | Broadcom, Inc. <sup>(a)</sup> | 1300 | 250211 |
| NVIDIA Corp. <sup>(a)</sup> | NVIDIA Corp. <sup>(a)</sup> | 6960 | 758083 |
| QUALCOMM, Inc. <sup>(a)</sup> | QUALCOMM, Inc. <sup>(a)</sup> | 318 | 47210 |
| Texas Instruments, Inc. <sup>(a)</sup> | Texas Instruments, Inc. <sup>(a)</sup> | 253 | 40493 |
|  |  |  | 1193347 |
| **Software - 13.9%** | **Software - 13.9%** | **Software - 13.9%** |  |
| Adobe, Inc. <sup>(a)(b)</sup> | Adobe, Inc. <sup>(a)(b)</sup> | 120 | 44998 |
| Intuit, Inc. | Intuit, Inc. | 78 | 48943 |
| Microsoft Corp. <sup>(a)</sup> | Microsoft Corp. <sup>(a)</sup> | 1995 | 788544 |
| Oracle Corp. <sup>(a)</sup> | Oracle Corp. <sup>(a)</sup> | 766 | 107791 |
| Salesforce, Inc. <sup>(a)</sup> | Salesforce, Inc. <sup>(a)</sup> | 241 | 64759 |
| ServiceNow, Inc. <sup>(b)</sup> | ServiceNow, Inc. <sup>(b)</sup> | 52 | 49660 |
|  |  |  | 1104695 |
| **Telecommunications - 1.4%** | **Telecommunications - 1.4%** | **Telecommunications - 1.4%** |  |
| Cisco Systems, Inc. <sup>(a)</sup> | Cisco Systems, Inc. <sup>(a)</sup> | 1057 | 61021 |
| Verizon Communications, Inc. <sup>(a)</sup> | Verizon Communications, Inc. <sup>(a)</sup> | 1192 | 52519 |
|  |  |  | 113540 |
| **TOTAL COMMON STOCKS** (Cost $8,358,121) | **TOTAL COMMON STOCKS** (Cost $8,358,121) | **TOTAL COMMON STOCKS** (Cost $8,358,121) | 7711597 |
| **PURCHASED OPTIONS - 0.4%<sup>(c)(d)</sup>** | **Notional Amount** | **Contracts** |  |
| **Call Options - 0.4%** | **Call Options - 0.4%** |  | $**–** |
|  Abbott Laboratories, Expiration: 05/16/2025; Exercise Price: $140.00 | $52300 | 4 | 76 |
|  Alphabet, Inc., Expiration: 05/16/2025; Exercise Price: $170.00 | 476400 | 30 | 2550 |
|  Broadcom, Inc., Expiration: 05/16/2025; Exercise Price: $200.00 | 250211 | 13 | 5882 |
|  Coca-Cola Co., Expiration: 05/16/2025; Exercise Price: $80.00 | 94315 | 13 | 65 |
|  McDonald's Corp., Expiration: 05/16/2025; Exercise Price: $330.00 | 63930 | 2 | 523 |
|  Merck & Co., Inc., Expiration: 05/16/2025; Exercise Price: $90.00 | 68160 | 8 | 452 |
|  Meta Platforms, Inc., Expiration: 05/16/2025; Exercise Price: $645.00 | 384300 | 7 | 1712 |
|  Microsoft Corp., Expiration: 05/16/2025; Exercise Price: $410.00 | 750994 | 19 | 9642 |
|  Netflix, Inc., Expiration: 05/16/2025; Exercise Price: $1,220.00 | 113172 | 1 | 560 |
|  NVIDIA Corp., Expiration: 05/16/2025; Exercise Price: $135.00 | 751548 | 69 | 518 |
|  Philip Morris International, Inc., Expiration: 05/16/2025; Exercise Price: $175.00 | 68544 | 4 | 600 |
|  Procter & Gamble Co., Expiration: 05/16/2025; Exercise Price: $180.00 | 97542 | 6 | 12 |
|  UnitedHealth Group, Inc., Expiration: 05/16/2025; Exercise Price: $630.00 | 82288 | 2 | 50 |
|  Verizon Communications, Inc., Expiration: 05/16/2025; Exercise Price: $48.0 | 48466 | 11 | 11 |
|  Visa, Inc., Expiration: 05/16/2025; Exercise Price: $365.00 | 138200 | 4 | 306 |
|  Walmart, Inc., Expiration: 05/16/2025; Exercise Price: $100.00 | 175050 | 18 | 3357 |
| **TOTAL PURCHASED OPTIONS** (Cost $28,881) | **TOTAL PURCHASED OPTIONS** (Cost $28,881) | **TOTAL PURCHASED OPTIONS** (Cost $28,881) | 26316 |
| **SHORT-TERM INVESTMENTS - 1.6%** | **SHORT-TERM INVESTMENTS - 1.6%** | **Shares** |  |
| **Money Market Funds - 1.6%** | **Money Market Funds - 1.6%** |  |  |
| First American Government Obligations Fund - Class X, 4.25% <sup>(e)</sup> | First American Government Obligations Fund - Class X, 4.25% <sup>(e)</sup> | 129657 | 129657 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $129,657) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $129,657) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $129,657) | 129657 |
| **TOTAL INVESTMENTS - 99.2% (**Cost $8,516,659**)** | **TOTAL INVESTMENTS - 99.2% (**Cost $8,516,659**)** | **TOTAL INVESTMENTS - 99.2% (**Cost $8,516,659**)** | 7867570 |
| Other Assets in Excess of Liabilities - 0.8% | Other Assets in Excess of Liabilities - 0.8% | Other Assets in Excess of Liabilities - 0.8% | 65958 |
| **TOTAL NET ASSETS - 100.0%** |  |  | $7933528 |
| two | two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |

---

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

(b) Non-income producing security.

(c) Exchange-traded.

(d) 100 shares per contract.

(e) The rate shown represents the 7-day annualized effective yield as of April 30, 2025.

------

---

| | | | |
|:---|:---|:---|:---|
| **YieldMax Target 12 Big 50 Option Income ETF** | **YieldMax Target 12 Big 50 Option Income ETF** | **YieldMax Target 12 Big 50 Option Income ETF** | **YieldMax Target 12 Big 50 Option Income ETF** |
| **Schedule of Written Options** | **Schedule of Written Options** | **Schedule of Written Options** | **Schedule of Written Options** |
| **April 30, 2025 (Unaudited)** | **April 30, 2025 (Unaudited)** | **April 30, 2025 (Unaudited)** | **April 30, 2025 (Unaudited)** |
| **WRITTEN OPTIONS - (1.5)%<sup>(a)(b)</sup>** | **Notional Amount** | **Contracts** | **Value** |
| **Call Options - (1.5)%** | **Call Options - (1.5)%** | **Call Options - (1.5)%** | **Call Options - (1.5)%** |
| Abbott Laboratories, Expiration: 05/16/2025; Exercise Price: $135.00 | $(52300) | (4) | $(318) |
| AbbVie, Inc., Expiration: 05/16/2025; Exercise Price: $195.00 | (97550) | (5) | (2087) |
| Adobe, Inc., Expiration: 05/16/2025; Exercise Price: $375.00 | (37498) | (1) | (925) |
| Advanced Micro Devices, Inc., Expiration: 05/16/2025; Exercise Price: $115.00 | (97350) | (10) | (845) |
| Alphabet, Inc., Expiration: 05/16/2025; Exercise Price: $165.00 | (476400) | (30) | (5265) |
| Amazon.com, Inc., Expiration: 05/16/2025; Exercise Price: $205.00 | (442608) | (24) | (2892) |
| American Express Co., Expiration: 05/16/2025; Exercise Price: $280.00 | (26641) | (1) | (215) |
| Amgen, Inc., Expiration: 05/16/2025; Exercise Price: $310.00 | (29092) | (1) | (228) |
| Apple, Inc., Expiration: 05/16/2025; Exercise Price: $220.00 | (850000) | (40) | (14200) |
| Bank of America Corp., Expiration: 05/16/2025; Exercise Price: $39.00 | (71784) | (18) | (2673) |
| Blackstone, Inc., Expiration: 05/16/2025; Exercise Price: $150.00 | (26342) | (2) | (50) |
| Broadcom, Inc., Expiration: 05/16/2025; Exercise Price: $190.00 | (250211) | (13) | (12058) |
| Caterpillar, Inc., Expiration: 05/16/2025; Exercise Price: $330.00 | (30927) | (1) | (153) |
| Chevron Corp., Expiration: 05/16/2025; Exercise Price: $145.00 | (68030) | (5) | (450) |
| Cisco Systems, Inc., Expiration: 05/16/2025; Exercise Price: $60.00 | (57730) | (10) | (845) |
| Coca-Cola Co., Expiration: 05/16/2025; Exercise Price: $75.00 | (94315) | (13) | (371) |
| Costco Wholesale Corp., Expiration: 05/16/2025; Exercise Price: $1,020.00 | (99450) | (1) | (1153) |
| Danaher Corp., Expiration: 05/16/2025; Exercise Price: $210.00 | (39866) | (2) | (275) |
| Eli Lilly & Co., Expiration: 05/16/2025; Exercise Price: $860.00 | (269685) | (3) | (16373) |
| Exxon Mobil Corp., Expiration: 05/16/2025; Exercise Price: $115.00 | (137319) | (13) | (338) |
| General Electric Co., Expiration: 05/16/2025; Exercise Price: $200.00 | (40308) | (2) | (1080) |
| Home Depot, Inc., Expiration: 05/16/2025; Exercise Price: $370.00 | (72098) | (2) | (775) |
| International Business Machines Corp., Expiration: 05/16/2025; Exercise Price: $275.00 | (48364) | (2) | (34) |
| Intuitive Surgical, Inc., Expiration: 05/16/2025; Exercise Price: $540.00 | (51580) | (1) | (320) |
| Johnson & Johnson, Expiration: 05/16/2025; Exercise Price: $160.00 | (109417) | (7) | (626) |
| JPMorgan Chase & Co., Expiration: 05/16/2025; Exercise Price: $250.00 | (146772) | (6) | (1857) |
| Mastercard, Inc., Expiration: 05/16/2025; Exercise Price: $540.00 | (109612) | (2) | (3490) |
| McDonald's Corp., Expiration: 05/16/2025; Exercise Price: $320.00 | (63930) | (2) | (1335) |
| Merck & Co., Inc., Expiration: 05/16/2025; Exercise Price: $85.00 | (68160) | (8) | (1932) |
| Meta Platforms, Inc., Expiration: 05/16/2025; Exercise Price: $600.00 | (384300) | (7) | (5582) |
| Microsoft Corp., Expiration: 05/16/2025; Exercise Price: $395.00 | (750994) | (19) | (21090) |
| Morgan Stanley, Expiration: 05/16/2025; Exercise Price: $120.00 | (34626) | (3) | (424) |
| Netflix, Inc., Expiration: 05/16/2025; Exercise Price: $1,190.00 | (113172) | (1) | (1020) |
| NVIDIA Corp., Expiration: 05/16/2025; Exercise Price: $125.00 | (751548) | (69) | (2277) |
| Oracle Corp., Expiration: 05/16/2025; Exercise Price: $150.00 | (98504) | (7) | (973) |
| PepsiCo, Inc., Expiration: 05/16/2025; Exercise Price: $150.00 | (54232) | (4) | (14) |
| Philip Morris International, Inc., Expiration: 05/16/2025; Exercise Price: $170.00 | (68544) | (4) | (1420) |
| Procter & Gamble Co., Expiration: 05/16/2025; Exercise Price: $175.00 | (97542) | (6) | (48) |
| QUALCOMM, Inc., Expiration: 05/16/2025; Exercise Price: $155.00 | (44538) | (3) | (1020) |
| Salesforce, Inc., Expiration: 05/16/2025; Exercise Price: $280.00 | (53742) | (2) | (618) |
| Tesla, Inc., Expiration: 05/16/2025; Exercise Price: $315.00 | (225728) | (8) | (4000) |
| Texas Instruments, Inc., Expiration: 05/16/2025; Exercise Price: $180.00 | (32010) | (2) | (55) |
| Thermo Fisher Scientific, Inc., Expiration: 05/16/2025; Exercise Price: $490.00 | (42900) | (1) | (220) |
| UnitedHealth Group, Inc., Expiration: 05/16/2025; Exercise Price: $610.00 | (82288) | (2) | (25) |
| Verizon Communications, Inc., Expiration: 05/16/2025; Exercise Price: $46.00 | (48466) | (11) | (220) |
| Visa, Inc., Expiration: 05/16/2025; Exercise Price: $350.00 | (138200) | (4) | (1810) |
| Walmart, Inc., Expiration: 05/16/2025; Exercise Price: $97.50 | (175050) | (18) | (5436) |
| Wells Fargo & Co., Expiration: 05/16/2025; Exercise Price: $70.00 | (49707) | (7) | (1676) |
| **TOTAL WRITTEN OPTIONS** (Premiums received $109,546) |  |  | $(121091) |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |

---

(a) Exchange-traded.

(b) 100 shares per contract.

------

#### Summary of Fair Value Disclosure as of April 30, 2025 (Unaudited)
YieldMax Target 12 Big 50 Option Income ETF (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of April 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $7711597 | $– | $– | $7711597 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Purchased Options | – | 26316 | – | 26316 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 129657 | – | – | 129657 |
| Total Investments | $7841254 | $26316 | $– | $7867570 |
| **Liabilities:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Written Options | $– | $(121091) | $– | $(121091) |
| Total Investments | $– | $(121091) | $– | $(121091) |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Tidal Trust II

- **b. Investment Company Act file number:** 811-23793

- **c. CIK number of Registrant:** 0001924868

- **d. LEI of Registrant:** 549300BGXECFCIZF2P89

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 234 West Florida Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53204

  - **Telephone number:** 844-986-7700

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

- **a. Name of Series:** YieldMax Target 12 Big 50 Option Income ETF

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

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

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-04-30

**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:** $8060840.96

**Total Liabilities:** $127312.57

**Net Assets:** $7933528.39

**Cash Not Reported:** $188725.38

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000254948 | -1.73%               | -6.12%               | -0.07%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $8288.15                 | $-140869.71                                |
| Month 2  | $0.00                    | $-595906.81                                |
| Month 3  | $0.00                    | $-20215.98                                 |

**Designated Index Information**

- **Index Name:** NYSE FANG+ Total Return Index

- **Index Identifier:** NYFANGT

### Schedule of Portfolio Investments

| Name                           | Title                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| UnitedHealth Group Inc         | UnitedHealth Group Inc                     | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |       268 | NS      | $110265.92    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Walmart Inc                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -18 | NC      | $-5436.00     | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Oracle Corp                    | Oracle Corp                                | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |       766 | NS      | $107791.52    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The        | Procter & Gamble Co/The                    | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |       645 | NS      | $104857.65    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                 | Salesforce Inc                             | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |       241 | NS      | $64759.11     | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                       | Visa Inc                                   | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |       460 | NS      | $158930.00    | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Broadcom Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        13 | NC      | $5882.50      | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Home Depot Inc/The                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -2 | NC      | $-775.00      | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Morgan Stanley                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -3 | NC      | $-424.50      | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NVIDIA Corp                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        69 | NC      | $517.50       | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Procter & Gamble Co/The                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -6 | NC      | $-48.00       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | UnitedHealth Group Inc                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -2 | NC      | $-25.00       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Visa Inc                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -4 | NC      | $-1810.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Verizon Communications Inc     | Verizon Communications Inc                 | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |      1192 | NS      | $52519.52     | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | NVIDIA Corp                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -69 | NC      | $-2277.00     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Visa Inc                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         4 | NC      | $306.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Alphabet Inc                   | Alphabet Inc                               | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      3076 | NS      | $488468.80    | 6.16%             |  |  |  | No            |                  1 | On Loan: No      |
| IBM                            | International Business Machines Corp       | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |       238 | NS      | $57553.16     | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Blackstone Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -2 | NC      | $-50.00       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Alphabet Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -30 | NC      | $-5265.00     | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Meta Platforms Inc                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         7 | NC      | $1711.50      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Microsoft Corp                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -19 | NC      | $-21090.00    | -0.27%            |  |  |  | No            |                  2 | On Loan: No      |
| Amazon.com Inc                 | Amazon.com Inc                             | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      2441 | NS      | $450169.22    | 5.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc                 | Blackstone Inc                             | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |       275 | NS      | $36220.25     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                | Caterpillar Inc                            | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |       136 | NS      | $42060.72     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp          | Costco Wholesale Corp                      | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |       116 | NS      | $115362.00    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |    129657 | NS      | $129657.26    | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc         | Intuitive Surgical Inc                     | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |       100 | NS      | $51580.00     | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co            | JPMorgan Chase & Co                        | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |       659 | NS      | $161204.58    | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                 | Microsoft Corp                             | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      1995 | NS      | $788543.70    | 9.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc          | Texas Instruments Inc                      | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |       253 | NS      | $40492.65     | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co               | Wells Fargo & Co                           | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |       738 | NS      | $52405.38     | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | General Electric Co                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -2 | NC      | $-1080.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Coca-Cola Co/The                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -13 | NC      | $-370.50      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Mastercard Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -2 | NC      | $-3490.00     | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Meta Platforms Inc                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -7 | NC      | $-5582.50     | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Merck & Co Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -8 | NC      | $-1932.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Merck & Co Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         8 | NC      | $452.00       | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | QUALCOMM Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -3 | NC      | $-1020.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Texas Instruments Inc                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -2 | NC      | $-55.00       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Wells Fargo & Co                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -7 | NC      | $-1676.50     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Walmart Inc                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        18 | NC      | $3357.00      | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Tesla Inc                      | Tesla Inc                                  | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |       800 | NS      | $225728.00    | 2.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc   | Thermo Fisher Scientific Inc               | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |       116 | NS      | $49764.00     | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Abbott Laboratories                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -4 | NC      | $-318.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Broadcom Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -13 | NC      | $-12057.50    | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Cisco Systems Inc                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-845.00      | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Danaher Corp                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -2 | NC      | $-275.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | JPMorgan Chase & Co                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -6 | NC      | $-1857.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | McDonald's Corp                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         2 | NC      | $523.00       | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Verizon Communications Inc                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        11 | NC      | $11.00        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Danaher Corp                   | Danaher Corp                               | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |       238 | NS      | $47440.54     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp               | Exxon Mobil Corp                           | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      1319 | NS      | $139325.97    | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                 | Eli Lilly & Co                             | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |       303 | NS      | $272381.85    | 3.43%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co            | American Express Co                        | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |       183 | NS      | $48753.03     | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                   | Chevron Corp                               | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       500 | NS      | $68030.00     | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co            | General Electric Co                        | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |       295 | NS      | $59454.30     | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The             | Home Depot Inc/The                         | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |       267 | NS      | $96250.83     | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson              | Johnson & Johnson                          | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |       707 | NS      | $110511.17    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                 | Mastercard Inc                             | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |       236 | NS      | $129342.16    | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                 | Merck & Co Inc                             | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |       816 | NS      | $69523.20     | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                 | Morgan Stanley                             | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |       372 | NS      | $42936.24     | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                    | NVIDIA Corp                                | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      6960 | NS      | $758083.20    | 9.56%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Adobe Inc                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -1 | NC      | $-925.00      | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Amgen Inc                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -1 | NC      | $-228.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Amazon.com Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -24 | NC      | $-2892.00     | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Bank of America Corp                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -18 | NC      | $-2673.00     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America Corp           | Bank of America Corp                       | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |      1859 | NS      | $74136.92     | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                   | Broadcom Inc                               | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      1300 | NS      | $250211.00    | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc              | Cisco Systems Inc                          | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |      1057 | NS      | $61020.61     | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc             | Meta Platforms Inc                         | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |       700 | NS      | $384300.00    | 4.84%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | International Business Machines Corp       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -2 | NC      | $-34.00       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Intuitive Surgical Inc                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -1 | NC      | $-320.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | AbbVie Inc                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -5 | NC      | $-2087.50     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Abbott Laboratories                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         4 | NC      | $76.00        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Johnson & Johnson                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -7 | NC      | $-626.50      | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Oracle Corp                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -7 | NC      | $-973.00      | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | PepsiCo Inc                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -4 | NC      | $-14.00       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Procter & Gamble Co/The                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         6 | NC      | $12.00        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Tesla Inc                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -8 | NC      | $-4000.00     | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Exxon Mobil Corp                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -13 | NC      | $-338.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Apple Inc                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -40 | NC      | $-14200.00    | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Coca-Cola Co/The                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        13 | NC      | $65.00        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Advanced Micro Devices Inc     | Advanced Micro Devices Inc                 | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |      1000 | NS      | $97350.00     | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co/The               | Coca-Cola Co/The                           | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |      1372 | NS      | $99538.60     | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Caterpillar Inc                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -1 | NC      | $-152.50      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Eli Lilly & Co                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -3 | NC      | $-16372.50    | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | McDonald's Corp                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -2 | NC      | $-1335.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Netflix Inc                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -1 | NC      | $-1020.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Netflix Inc                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $560.00       | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Apple Inc                      | Apple Inc                                  | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      4018 | NS      | $853825.00    | 10.76%            |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                     | Intuit Inc                                 | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |        78 | NS      | $48942.66     | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp                | McDonald's Corp                            | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |       211 | NS      | $67446.15     | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Advanced Micro Devices Inc                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-845.00      | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Costco Wholesale Corp                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -1 | NC      | $-1152.50     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Chevron Corp                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -5 | NC      | $-450.00      | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Alphabet Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        30 | NC      | $2550.00      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Microsoft Corp                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        19 | NC      | $9642.50      | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Philip Morris International Inc            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -4 | NC      | $-1420.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Philip Morris International Inc            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         4 | NC      | $600.00       | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Thermo Fisher Scientific Inc               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -1 | NC      | $-220.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Verizon Communications Inc                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -11 | NC      | $-220.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Abbott Laboratories            | Abbott Laboratories                        | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |       448 | NS      | $58576.00     | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                     | AbbVie Inc                                 | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |       528 | NS      | $103012.80    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                      | Adobe Inc                                  | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |       120 | NS      | $44997.60     | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc                      | Amgen Inc                                  | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |       177 | NS      | $51492.84     | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                    | Netflix Inc                                | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |       100 | NS      | $113172.00    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                    | PepsiCo Inc                                | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |       422 | NS      | $57214.76     | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International In | Philip Morris International Inc            | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |       407 | NS      | $69743.52     | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | American Express Co                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -1 | NC      | $-215.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Salesforce Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -2 | NC      | $-618.00      | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | UnitedHealth Group Inc                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         2 | NC      | $50.00        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| QUALCOMM Inc                   | QUALCOMM Inc                               | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |       318 | NS      | $47210.28     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                 | ServiceNow Inc                             | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |        52 | NS      | $49660.52     | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                    | Walmart Inc                                | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |      1841 | NS      | $179037.25    | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-27

**Name of Applicant:** Tidal Trust II

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer