# EDGAR Filing Document

**Accession Number:** 0001924868
**File Stem:** 0002000324-26-002598
**Filing Date:** 2026-6
**Character Count:** 51063
**Document Hash:** 6ef59faff9bdbdd851d0c82f6d78b535
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-26-002598.hdr.sgml**: 20260625

**ACCESSION NUMBER**: 0002000324-26-002598

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260625

**DATE AS OF CHANGE**: 20260625

**PERIOD START**: 20260731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tidal Trust II
- **CENTRAL INDEX KEY:** 0001924868

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23793
- **FILM NUMBER:** 261122270

**BUSINESS ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET, SUITE 700
- **CITY:** MILWAUKEE
- **STATE:** WI
- **BUSINESS PHONE:** (844) 986-7676

**MAIL ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET, SUITE 700
- **CITY:** MILWAUKEE
- **STATE:** WI

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

## Series and Classes Contracts Data

### YieldMax(R) Semiconductor Portfolio Option Income ETF (Series ID: S000089004)

| Class ID   | Class Name                                            | Ticker Symbol   |
|:---|:---|:---|
| C000255411 | YieldMax(R) Semiconductor Portfolio Option Income ETF | CHPY            |

## Nport-Ex

**YieldMax Semiconductor Portfolio Option Income ETF**

**Schedule of Investments**

**April 30, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**COMMON STOCKS - 102.5%** | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Software & Tech Services - 2.6%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Synopsys, Inc.<sup>(a)</sup> | 33700 | $16263620 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Tech Hardware & Semiconductors - 99.9%<sup>(b)</sup>** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ACM Research, Inc. - Class A<sup>(a)</sup> | 315504 | 16308402 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advanced Micro Devices, Inc.<sup>(a)</sup> | 78056 | 27670071 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Analog Devices, Inc. | 54973 | 22113439 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Applied Materials, Inc. | 51652 | 20376197 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arm Holdings PLC, ADR<sup>(a)</sup> | 141562 | 29773320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ASE Technology Holding Co. Ltd., ADR | 746609 | 23450989 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ASML Holding NV | 17606 | 25334858 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Broadcom, Inc. | 105009 | 43833907 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intel Corp.<sup>(a)</sup> | 348304 | 32907762 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KLA Corp. | 14055 | 24601169 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lam Research Corp. | 123495 | 31844421 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lattice Semiconductor Corp.<sup>(a)</sup> | 149906 | 18330506 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marvell Technology, Inc. | 224004 | 36994260 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Microchip Technology, Inc. | 222035 | 20629272 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Micron Technology, Inc. | 47395 | 24510798 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Monolithic Power Systems, Inc. | 14668 | 23680166 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NVIDIA Corp. | 212474 | 42403436 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NXP Semiconductors NV | 78581 | 23070596 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ON Semiconductor Corp.<sup>(a)</sup> | 150884 | 15210616 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;QUALCOMM, Inc. | 113458 | 20374788 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;STMicroelectronics NV | 423825 | 23369710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taiwan Semiconductor Manufacturing Co. Ltd., ADR | 57478 | 22764737 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Teradyne, Inc. | 48045 | 16502016 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Texas Instruments, Inc. | 76893 | 21613084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Microelectronics Corp., ADR | 1473181 | 19239744 |
|  |  | 626908264 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL COMMON STOCKS (Cost $481,738,437)** |  | 643171884 |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**PURCHASED OPTIONS - 4.6%<sup>(a)(c)(d)(e)</sup>** | **Notional Amount** | **Contracts** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Call Options - 4.6%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ACM Research, Inc., Expiration: 5/8/2026; Exercise Price: $56.00 | $139563 | 27 | $5197 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ACM Research, Inc., Expiration: 5/8/2026; Exercise Price: $52.00 | 16168632 | 3128 | 1047880 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advanced Micro Devices, Inc., Expiration: 5/1/2026; Exercise Price: $317.50 | 26657648 | 752 | 2810600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advanced Micro Devices, Inc., Expiration: 5/8/2026; Exercise Price: $362.50 | 27650220 | 780 | 1144650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Analog Devices, Inc., Expiration: 5/1/2026; Exercise Price: $415.00 | 22084074 | 549 | 43920 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Applied Materials, Inc., Expiration: 5/8/2026; Exercise Price: $415.00 | 157796 | 4 | 2170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Applied Materials, Inc., Expiration: 5/8/2026; Exercise Price: $397.50 | 20197888 | 512 | 647680 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arm Holdings PLC, Expiration: 5/1/2026; Exercise Price: $225.00 | 29760280 | 1415 | 60137 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ASE Technology Holding Co. Ltd., Expiration: 5/15/2026; Exercise Price: $35.00 | 2355750 | 750 | 41250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ASML Holding NV, Expiration: 5/8/2026; Exercise Price: $1,510.00 | 287798 | 2 | 3090 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ASML Holding NV, Expiration: 5/8/2026; Exercise Price: $1,450.00 | 25038426 | 174 | 624660 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Broadcom, Inc., Expiration: 5/1/2026; Exercise Price: $437.50 | 43830150 | 1050 | 20475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intel Corp., Expiration: 5/1/2026; Exercise Price: $89.00 | 32633392 | 3454 | 2011955 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intel Corp., Expiration: 5/8/2026; Exercise Price: $100.00 | 32907384 | 3483 | 881199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KLA Corp., Expiration: 5/15/2026; Exercise Price: $2,000.00 | 24504900 | 140 | 129500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lam Research Corp., Expiration: 5/1/2026; Exercise Price: $270.00 | 31819924 | 1234 | 49977 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lattice Semiconductor Corp., Expiration: 5/15/2026; Exercise Price: $130.00 | 18329772 | 1499 | 981845 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marvell Technology, Inc., Expiration: 5/1/2026; Exercise Price: $172.50 | 36993600 | 2240 | 122080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Microchip Technology, Inc., Expiration: 5/1/2026; Exercise Price: $94.00 | 288021 | 31 | 2248 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Microchip Technology, Inc., Expiration: 5/1/2026; Exercise Price: $87.00 | 20161470 | 2170 | 1236900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Microchip Technology, Inc., Expiration: 5/8/2026; Exercise Price: $98.00 | 20337999 | 2189 | 580085 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Micron Technology, Inc., Expiration: 5/1/2026; Exercise Price: $550.00 | 362012 | 7 | 872 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Micron Technology, Inc., Expiration: 5/1/2026; Exercise Price: $525.00 | 24099656 | 466 | 313385 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Monolithic Power Systems, Inc., Expiration: 5/15/2026; Exercise Price: $1,740.00 | 2260174 | 14 | 73920 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Monolithic Power Systems, Inc., Expiration: 5/15/2026; Exercise Price: $1,500.00 | 21310212 | 132 | 2237400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NVIDIA Corp., Expiration: 5/8/2026; Exercise Price: $207.50 | 42388668 | 2124 | 375948 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NXP Semiconductors NV, Expiration: 5/15/2026; Exercise Price: $310.00 | 23046815 | 785 | 372875 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NXP Semiconductors NV, Expiration: 5/15/2026; Exercise Price: $250.00 | 21578865 | 735 | 3292800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ON Semiconductor Corp., Expiration: 5/8/2026; Exercise Price: $108.00 | 15202148 | 1508 | 464464 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;QUALCOMM, Inc., Expiration: 5/8/2026; Exercise Price: $187.50 | 20382330 | 1135 | 329150 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;QUALCOMM, Inc., Expiration: 5/8/2026; Exercise Price: $162.50 | 20220708 | 1126 | 1998650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;STMicroelectronics NV, Expiration: 5/15/2026; Exercise Price: $58.00 | 23368332 | 4238 | 688675 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;STMicroelectronics NV, Expiration: 5/15/2026; Exercise Price: $46.00 | 21383292 | 3878 | 3567760 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Synopsys, Inc., Expiration: 5/8/2026; Exercise Price: $502.50 | 16263620 | 337 | 200515 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taiwan Semiconductor Manufacturing Co. Ltd., Expiration: 5/8/2026; Exercise Price: $412.50 | 22733844 | 574 | 264040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Teradyne, Inc., Expiration: 5/8/2026; Exercise Price: $370.00 | 16486560 | 480 | 240000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Texas Instruments, Inc., Expiration: 5/1/2026; Exercise Price: $287.50 | 21586944 | 768 | 40320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Microelectronics Corp., Expiration: 5/15/2026; Exercise Price: $14.00 | 1103570 | 845 | 29575 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Microelectronics Corp., Expiration: 5/15/2026; Exercise Price: $12.00 | 18135116 | 13886 | 1839895 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Call Options** |  |  | 28777742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL PURCHASED OPTIONS (Cost $14,444,307)** |  |  | 28777742 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**SHORT-TERM INVESTMENTS - 0.1%** | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Money Market Funds - 0.1%** | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First American Government Obligations Fund - Class X, 3.58%<sup>(f)</sup> | 565512 | $565512 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL SHORT-TERM INVESTMENTS (Cost $565,512)** |  | 565512 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL INVESTMENTS - 107.2% (Cost $496,748,256)** |  | $672515138 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liabilities in Excess of Other Assets - (7.2)% |  | (45040548) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL NET ASSETS - 100.0%** |  | $627474590 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Percentages are stated as a percent of net assets. |  |  |

---

ADR American Depositary Receipt <br> PLC Public Limited Company

(a) Non-income producing security.

(b) To the extent that the Fund invests more heavily
 in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly
 affect those industries or sectors.

(c) Exchange-traded.

(d) 100 shares per contract.

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

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

**YieldMax Semiconductor Portfolio Option Income ETF**

**Schedule of Written Options Contracts**

**April 30, 2026 (Unaudited)**

---

| | | | |
|:---|:---|:---|:---|
| **WRITTEN OPTIONS - (7.5)%<sup>(a)(b)</sup>** | **Notional <br> Amount** | **Contracts** | **Value** |
| **Call Options - (7.5)%** |  |  |  |
| ACM Research, Inc., Expiration: 5/8/2026; Exercise Price: $54.00 | $(139563) | (27) | $(7290) |
| ACM Research, Inc., Expiration: 5/8/2026; Exercise Price: $50.00 | (16168632) | (3128) | (1345040) |
| Advanced Micro Devices, Inc., Expiration: 5/1/2026; Exercise Price: $310.00 | (26657648) | (752) | (3327600) |
| Advanced Micro Devices, Inc., Expiration: 5/8/2026; Exercise Price: $352.50 | (27650220) | (780) | (1483950) |
| Analog Devices, Inc., Expiration: 5/1/2026; Exercise Price: $405.00 | (22084074) | (549) | (127642) |
| Applied Materials, Inc., Expiration: 5/8/2026; Exercise Price: $405.00 | (157796) | (4) | (3650) |
| Applied Materials, Inc., Expiration: 5/8/2026; Exercise Price: $387.50 | (20197888) | (512) | (869120) |
| Arm Holdings PLC, Expiration: 5/1/2026; Exercise Price: $217.50 | (29760280) | (1415) | (190317) |
| ASE Technology Holding Co. Ltd., Expiration: 5/15/2026; Exercise Price: $30.00 | (23450706) | (7466) | (1791840) |
| ASML Holding NV, Expiration: 5/8/2026; Exercise Price: $1,470.00 | (287798) | (2) | (5630) |
| ASML Holding NV, Expiration: 5/8/2026; Exercise Price: $1,410.00 | (25038426) | (174) | (1026600) |
| Broadcom, Inc., Expiration: 5/1/2026; Exercise Price: $427.50 | (43830150) | (1050) | (102375) |
| Intel Corp., Expiration: 5/1/2026; Exercise Price: $86.00 | (32633392) | (3454) | (2987710) |
| Intel Corp., Expiration: 5/8/2026; Exercise Price: $97.00 | (32907384) | (3483) | (1219050) |
| KLA Corp., Expiration: 5/15/2026; Exercise Price: $1,800.00 | (24504900) | (140) | (718200) |
| Lam Research Corp., Expiration: 5/1/2026; Exercise Price: $262.50 | (31819924) | (1234) | (236311) |
| Lattice Semiconductor Corp., Expiration: 5/15/2026; Exercise Price: $115.00 | (18329772) | (1499) | (2001165) |
| Marvell Technology, Inc., Expiration: 5/1/2026; Exercise Price: $167.50 | (36993600) | (2240) | (381920) |
| Microchip Technology, Inc., Expiration: 5/1/2026; Exercise Price: $92.00 | (288021) | (31) | (4728) |
| Microchip Technology, Inc., Expiration: 5/1/2026; Exercise Price: $84.00 | (20161470) | (2170) | (1887900) |
| Microchip Technology, Inc., Expiration: 5/8/2026; Exercise Price: $95.00 | (20337999) | (2189) | (809930) |
| Micron Technology, Inc., Expiration: 5/1/2026; Exercise Price: $540.00 | (362012) | (7) | (1799) |
| Micron Technology, Inc., Expiration: 5/1/2026; Exercise Price: $505.00 | (24099656) | (466) | (816665) |
| Monolithic Power Systems, Inc., Expiration: 5/15/2026; Exercise Price: $1,580.00 | (2260174) | (14) | (169400) |
| Monolithic Power Systems, Inc., Expiration: 5/15/2026; Exercise Price: $1,360.00 | (21310212) | (132) | (3668940) |
| NVIDIA Corp., Expiration: 5/8/2026; Exercise Price: $202.50 | (42388668) | (2124) | (711540) |
| NXP Semiconductors NV, Expiration: 5/15/2026; Exercise Price: $290.00 | (23046815) | (785) | (996950) |
| NXP Semiconductors NV, Expiration: 5/15/2026; Exercise Price: $220.00 | (21578865) | (735) | (5450025) |
| ON Semiconductor Corp., Expiration: 5/8/2026; Exercise Price: $105.00 | (15202148) | (1508) | (610740) |
| QUALCOMM, Inc., Expiration: 5/8/2026; Exercise Price: $182.50 | (20382330) | (1135) | (513588) |
| QUALCOMM, Inc., Expiration: 5/8/2026; Exercise Price: $157.50 | (20202750) | (1125) | (2505938) |
| STMicroelectronics NV, Expiration: 5/15/2026; Exercise Price: $55.50 | (23368332) | (4238) | (1101880) |
| STMicroelectronics NV, Expiration: 5/15/2026; Exercise Price: $41.00 | (21383292) | (3878) | (5467980) |
| Synopsys, Inc., Expiration: 5/8/2026; Exercise Price: $492.50 | (16263620) | (337) | (360590) |
| Taiwan Semiconductor Manufacturing Co. Ltd., Expiration: 5/8/2026; Exercise Price: $402.50 | (22733844) | (574) | (427630) |
| Teradyne, Inc., Expiration: 5/8/2026; Exercise Price: $360.00 | (16486560) | (480) | (362400) |
| Texas Instruments, Inc., Expiration: 5/1/2026; Exercise Price: $280.00 | (21586944) | (768) | (248064) |
| United Microelectronics Corp., Expiration: 5/15/2026; Exercise Price: $13.00 | (1103570) | (845) | (59150) |
| United Microelectronics Corp., Expiration: 5/15/2026; Exercise Price: $11.00 | (18135116) | (13886) | (3054920) |
| **Total Call Options** |  |  | (47056167) |
| **TOTAL WRITTEN OPTIONS (Premiums received $24,901,799)** |  |  | $(47056167) |
| Percentages are stated as a percent of net assets. |  |  |  |

---

(a) Exchange-traded.

(b) 100 shares per contract.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53204

  - **Telephone number:** 8449867676

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

- **a. Name of Series:** Yieldmax Semiconductor Portfolio Option Income ETF

- **b. EDGAR series identifier (if any):** S000089004

- **c. LEI of Series:** 254900O21IJY6TT45H90

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

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

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

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $669578857.14

**Total Liabilities:** $46954599.08

**Net Assets:** $622624258.06

**Cash Not Reported:** $1139910.39

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000255411 | 2.98%                | -3.81%               | 30.18%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-561713.87              | $10783990.61                               |
| Month 2  | $2627459.14              | $-28228093.15                              |
| Month 3  | $7887743.85              | $156153165.24                              |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ACM Research Inc               | ACM Research Inc                           | CUSIP: 00108J109<br>LEI: 549300MCTENUWL2GJL61 | Long             | EC               | CORP              | US        |    312891 | NS      | $16173335.79  | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc     | Advanced Micro Devices Inc                 | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |     77411 | NS      | $27441425.39  | 4.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc             | Analog Devices Inc                         | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |     54520 | NS      | $21931215.20  | 3.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc          | Applied Materials Inc                      | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     51226 | NS      | $20208144.74  | 3.25%             |  |  |  | No            |                  1 | On Loan: No      |
| ARM Holdings PLC               | ARM Holdings PLC                           | CUSIP: 042068205<br>LEI: 2138001E66EELTE7Y904 | Long             | EC               | CORP              | GB        |    140389 | NS      | $29526614.48  | 4.74%             |  |  |  | No            |                  1 | On Loan: No      |
| ASE Technology Holding Co Ltd  | ASE Technology Holding Co Ltd              | CUSIP: 00215W100<br>LEI: 300300GO8QHPMV87NZ73 | Long             | EC               | CORP              | TW        |    740423 | NS      | $23256686.43  | 3.74%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                | ASML Holding NV                            | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |     17462 | NS      | $25127643.38  | 4.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                   | Broadcom Inc                               | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |    104139 | NS      | $43470742.77  | 6.98%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |    565512 | NS      | $565511.88    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corp                     | Intel Corp                                 | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |    345418 | NS      | $32635092.64  | 5.24%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                       | KLA Corp                                   | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |     13941 | NS      | $24401629.35  | 3.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp              | Lam Research Corp                          | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |    122472 | NS      | $31580629.92  | 5.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Lattice Semiconductor Corp     | Lattice Semiconductor Corp                 | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Long             | EC               | CORP              | US        |    148664 | NS      | $18178633.92  | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc         | Marvell Technology Inc                     | CUSIP: 573874104<br>LEI: 254900WVU0BM7ZCJ9E93 | Long             | EC               | CORP              | US        |    222150 | NS      | $36688072.50  | 5.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology Inc       | Microchip Technology Inc                   | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |    220196 | NS      | $20458410.36  | 3.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc          | Micron Technology Inc                      | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |     47005 | NS      | $24309105.80  | 3.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc   | Monolithic Power Systems Inc               | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |     14548 | NS      | $23486436.68  | 3.77%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                    | NVIDIA Corp                                | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    210716 | NS      | $42052592.12  | 6.75%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV          | NXP Semiconductors NV                      | CUSIP: N/A<br>LEI: 724500M9BY5293JDF951       | Long             | EC               | CORP              | NL        |     77930 | NS      | $22879468.70  | 3.67%             |  |  |  | No            |                  1 | On Loan: No      |
| ON Semiconductor Corp          | ON Semiconductor Corp                      | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |    149636 | NS      | $15084805.16  | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                   | QUALCOMM Inc                               | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |    112619 | NS      | $20224120.02  | 3.25%             |  |  |  | No            |                  1 | On Loan: No      |
| STMicroelectronics NV          | STMicroelectronics NV                      | CUSIP: 861012102<br>LEI: 213800Z8NOHIKRI42W10 | Long             | EC               | CORP              | CH        |    420315 | NS      | $23176169.10  | 3.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                   | Synopsys Inc                               | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |     33421 | NS      | $16128974.60  | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne Inc                   | Teradyne Inc                               | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |     47649 | NS      | $16366002.03  | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc          | Texas Instruments Inc                      | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     76257 | NS      | $21434317.56  | 3.44%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                           | Taiwan Semiconductor Manufacturing Co Ltd  | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     57004 | NS      | $22577004.24  | 3.63%             |  |  |  | No            |                  1 | On Loan: No      |
| United Microelectronics Corp   | United Microelectronics Corp               | CUSIP: 910873405<br>LEI: 391200YJCAGH9LF96P73 | Long             | EC               | CORP              | TW        |   1460974 | NS      | $19080320.44  | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | ASE Technology Holding Co Ltd              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -7404 | NC      | $-1776960.00  | -0.29%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ACMR US 05/08/26 C50                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -3128 | NC      | $-1345040.00  | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ACMR US 05/08/26 C52                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      3128 | NC      | $1047880.00   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ADI US 05/01/26 C405                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -545 | NC      | $-126712.50   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ADI US 05/01/26 C415                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       545 | NC      | $43600.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | AMAT US 05/08/26 C387.5                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -512 | NC      | $-869120.00   | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | AMAT US 05/08/26 C397.5                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       512 | NC      | $647680.00    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | AMD US 05/01/26 C310                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -752 | NC      | $-3327600.00  | -0.53%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | AMD US 05/01/26 C317.5                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       752 | NC      | $2810600.00   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | AMD US 05/01/26 C332.5                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -22 | NC      | $-48510.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | AMD US 05/01/26 C337.5                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        22 | NC      | $38555.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ARM US 05/01/26 C217.5                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -1403 | NC      | $-188703.50   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ARM US 05/01/26 C225                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      1403 | NC      | $59627.50     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ASML US 05/08/26 C1410                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -174 | NC      | $-1026600.00  | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ASML US 05/08/26 C1450                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       174 | NC      | $624660.00    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ASX US 05/15/26 C35                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       688 | NC      | $37840.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | AVGO US 05/01/26 C427.5                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -1041 | NC      | $-101497.50   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | AVGO US 05/01/26 C437.5                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      1041 | NC      | $20299.50     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | INTC US 05/01/26 C89                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      3454 | NC      | $2011955.00   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | KLAC US 05/15/26 C1800                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -139 | NC      | $-713070.00   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | KLAC US 05/15/26 C2000                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       139 | NC      | $128575.00    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | LRCX US 05/01/26 C262.5                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -1224 | NC      | $-234396.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | LRCX US 05/01/26 C270                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      1224 | NC      | $49572.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | LSCC US 05/15/26 C130                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      1486 | NC      | $973330.00    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MCHP US 05/01/26 C84                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -2170 | NC      | $-1887900.00  | -0.30%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MCHP US 05/01/26 C87                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      2170 | NC      | $1236900.00   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MCHP US 05/01/26 C92                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -31 | NC      | $-4727.50     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MCHP US 05/01/26 C94                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        31 | NC      | $2247.50      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MPWR US 05/15/26 C1360                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -132 | NC      | $-3668940.00  | -0.59%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MPWR US 05/15/26 C1500                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       132 | NC      | $2237400.00   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MPWR US 05/15/26 C1580                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -13 | NC      | $-157300.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MPWR US 05/15/26 C1740                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        13 | NC      | $68640.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MRVL US 05/01/26 C172.5                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      2221 | NC      | $121044.50    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MU US 05/01/26 C505                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -463 | NC      | $-811407.50   | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MU US 05/01/26 C525                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       463 | NC      | $311367.50    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MU US 05/01/26 C540                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -7 | NC      | $-1799.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NVDA US 05/01/26 C210                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -2077 | NC      | $-29078.00    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NVDA US 05/01/26 C215                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      2077 | NC      | $17654.50     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NVDA US 05/01/26 C217.5                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -30 | NC      | $-195.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NVDA US 05/01/26 C222.5                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        30 | NC      | $135.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NXPI US 05/15/26 C220                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -735 | NC      | $-5450025.00  | -0.88%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NXPI US 05/15/26 C240                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -44 | NC      | $-239580.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NXPI US 05/15/26 C250                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       735 | NC      | $3292800.00   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NXPI US 05/15/26 C260                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        44 | NC      | $154660.00    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ON US 05/01/26 C101                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      1454 | NC      | $229005.00    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ON US 05/01/26 C94                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -42 | NC      | $-28770.00    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ON US 05/01/26 C95                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        42 | NC      | $23940.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ON US 05/01/26 C99                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -1454 | NC      | $-371497.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | QCOM US 05/01/26 C134                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -1078 | NC      | $-4958800.00  | -0.80%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | QCOM US 05/01/26 C137                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      1078 | NC      | $4549160.00   | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | QCOM US 05/08/26 C157.5                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -1126 | NC      | $-2508165.00  | -0.40%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | QCOM US 05/08/26 C162.5                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      1126 | NC      | $1998650.00   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SNPS US 05/01/26 C460                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -320 | NC      | $-753600.00   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SNPS US 05/01/26 C470                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       320 | NC      | $478400.00    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SNPS US 05/01/26 C510                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -14 | NC      | $-770.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SNPS US 05/01/26 C517.5                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        14 | NC      | $1995.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | STM US 05/15/26 C41                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -3878 | NC      | $-5467980.00  | -0.88%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | STM US 05/15/26 C46                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      3878 | NC      | $3567760.00   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | STM US 05/15/26 C50                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        96 | NC      | $57600.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | STM US 05/15/26 C55                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | NL        |      -229 | NC      | $-64692.50    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | STM US 05/15/26 C60                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       229 | NC      | $24045.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | TER US 05/08/26 C327.5                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -476 | NC      | $-1142400.00  | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | TER US 05/08/26 C332.5                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       476 | NC      | $987700.00    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | TSM US 05/01/26 C390                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -562 | NC      | $-432740.00   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | TSM US 05/01/26 C397.5                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       562 | NC      | $173377.00    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | TSM US 05/01/26 C410                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -8 | NC      | $-232.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | TSM US 05/01/26 C417.5                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         8 | NC      | $44.00        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | TXN US 05/01/26 C280                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -762 | NC      | $-246126.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | TXN US 05/01/26 C287.5                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       762 | NC      | $40005.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | UMC US 05/15/26 C11                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |    -13886 | NC      | $-3054920.00  | -0.49%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | UMC US 05/15/26 C12                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     13886 | NC      | $1839895.00   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | UMC US 05/15/26 C13                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -723 | NC      | $-50610.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | UMC US 05/15/26 C14                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       723 | NC      | $25305.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Intel Corp                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -3454 | NC      | $-2987710.00  | -0.48%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Lattice Semiconductor Corp                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -1486 | NC      | $-1983810.00  | -0.32%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Marvell Technology Inc                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -2221 | NC      | $-378680.50   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Micron Technology Inc                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         7 | NC      | $871.50       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | STMicroelectronics NV                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -96 | NC      | $-97920.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** Tidal Trust II

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer