# EDGAR Filing Document

**Accession Number:** 0001924868
**File Stem:** 0000894189-25-020421
**Filing Date:** 2025-12
**Character Count:** 25118
**Document Hash:** eb01e2ed475e6c6cbc26d2b8044a7d17
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-020421.hdr.sgml**: 20251230

**ACCESSION NUMBER**: 0000894189-25-020421

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251230

**DATE AS OF CHANGE**: 20251230

**PERIOD START**: 20260131

**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:** 251613553

**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

### Return Stacked(R) Bonds & Futures Yield ETF (Series ID: S000084638)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000249072 | Return Stacked(R) Bonds & Futures Yield ETF | RSBY            |

## Nport-Ex

---

| | | | |
|:---|:---|:---|:---|
| **Return Stacked Bonds & Futures Yield ETF** | **Return Stacked Bonds & Futures Yield ETF** | **Return Stacked Bonds & Futures Yield ETF** | **Return Stacked Bonds & Futures Yield ETF** |
| **Consolidated Schedule of Investments** | **Consolidated Schedule of Investments** | **Consolidated Schedule of Investments** | **Consolidated Schedule of Investments** |
| **October 31, 2025 (Unaudited)** | **October 31, 2025 (Unaudited)** | **October 31, 2025 (Unaudited)** | **October 31, 2025 (Unaudited)** |
| **EXCHANGE TRADED FUNDS - 49.9%** | **EXCHANGE TRADED FUNDS - 49.9%** | **Shares** | **Value**  |
| iShares Core U.S. Aggregate Bond ETF <sup>(a)(b)</sup> | iShares Core U.S. Aggregate Bond ETF <sup>(a)(b)</sup> | 481143 | $48374117 |
| **TOTAL EXCHANGE TRADED FUNDS** (Cost $47,353,367) | **TOTAL EXCHANGE TRADED FUNDS** (Cost $47,353,367) | **TOTAL EXCHANGE TRADED FUNDS** (Cost $47,353,367) | 48374117 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 36.9%** | **MONEY MARKET FUNDS - 36.9%** |  |  |
| First American Government Obligations Fund - Class X, 4.03% <sup>(a)(b)(c)</sup> | First American Government Obligations Fund - Class X, 4.03% <sup>(a)(b)(c)</sup> | 35758737 | 35758737 |
| **TOTAL MONEY MARKET FUNDS** (Cost $35,758,737) | **TOTAL MONEY MARKET FUNDS** (Cost $35,758,737) | **TOTAL MONEY MARKET FUNDS** (Cost $35,758,737) | 35758737 |
| **TOTAL INVESTMENTS - 86.8% (**Cost $83,112,104**)** | **TOTAL INVESTMENTS - 86.8% (**Cost $83,112,104**)** | **TOTAL INVESTMENTS - 86.8% (**Cost $83,112,104**)** | 84132854 |
| Other Assets in Excess of Liabilities - 13.2% | Other Assets in Excess of Liabilities - 13.2% | Other Assets in Excess of Liabilities - 13.2% | 12812472 |
| **TOTAL NET ASSETS - 100.0%** | 0.0% | 0.0% | $96945326 |
| 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) Fair value of this security exceeds 25% of the Fund's net assets. Additional information for this security, including the financial statements, is available from the SEC's EDGAR database at
 www.sec.gov.

(b) All or a portion of security has been pledged as collateral for futures contracts. The fair value of assets committed as collateral as of October 31, 2025 is $84,071,022.

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

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Return Stacked Bonds & Futures Yield ETF** | **Return Stacked Bonds & Futures Yield ETF** | **Return Stacked Bonds & Futures Yield ETF** | **Return Stacked Bonds & Futures Yield ETF** | **Return Stacked Bonds & Futures Yield ETF** |
| **Consolidated Schedule of Futures Contracts** | **Consolidated Schedule of Futures Contracts** | **Consolidated Schedule of Futures Contracts** | **Consolidated Schedule of Futures Contracts** | **Consolidated Schedule of Futures Contracts** |
| **October 31, 2025 (Unaudited)** | **October 31, 2025 (Unaudited)** | **October 31, 2025 (Unaudited)** | **October 31, 2025 (Unaudited)** | **October 31, 2025 (Unaudited)** |
| <br> The Return Stacked Bonds & Futures Yield ETF & Return Stacked RSBY Cayman Subsidiary had the following futures contracts outstanding with PhillipCapital, Inc. | <br> The Return Stacked Bonds & Futures Yield ETF & Return Stacked RSBY Cayman Subsidiary had the following futures contracts outstanding with PhillipCapital, Inc. | <br> The Return Stacked Bonds & Futures Yield ETF & Return Stacked RSBY Cayman Subsidiary had the following futures contracts outstanding with PhillipCapital, Inc. | <br> The Return Stacked Bonds & Futures Yield ETF & Return Stacked RSBY Cayman Subsidiary had the following futures contracts outstanding with PhillipCapital, Inc. | <br> The Return Stacked Bonds & Futures Yield ETF & Return Stacked RSBY Cayman Subsidiary had the following futures contracts outstanding with PhillipCapital, Inc. |
| **Description** | **Contracts Purchased** | **Expiration Date** | **Notional Value** | **Value / Unrealized**<br> **Appreciation**<br> (Depreciation) |
| &nbsp;&nbsp;&nbsp;&nbsp;Australian Dollar/U.S. Dollar Cross Currency Rate | 306 | 12/15/2025 | $20030760 | $(38989) |
| &nbsp;&nbsp;&nbsp;&nbsp;British Pound/U.S. Dollar Cross Currency Rate | 445 | 12/15/2025 | 36545625 | (741028) |
| &nbsp;&nbsp;&nbsp;&nbsp;Euro STOXX 50 Quanto Index | 90 | 12/19/2025 | 5888851 | (9929) |
| &nbsp;&nbsp;&nbsp;&nbsp;Euro-Bund | 238 | 12/08/2025 | 35543421 | (108744) |
| &nbsp;&nbsp;&nbsp;&nbsp;Long Gilt | 98 | 12/29/2025 | 12054288 | 86287 |
| &nbsp;&nbsp;&nbsp;&nbsp;Low Sulphur Gas Oil <sup>(a)</sup> | 94 | 12/11/2025 | 6580000 | 481527 |
| &nbsp;&nbsp;&nbsp;&nbsp;Nasdaq 100 Index | 7 | 12/19/2025 | 3640560 | 3896 |
| &nbsp;&nbsp;&nbsp;&nbsp;Natural Gas <sup>(a)</sup> | 16 | 11/25/2025 | 659840 | 16886 |
| &nbsp;&nbsp;&nbsp;&nbsp;Nikkei 225 Index | 5 | 12/11/2025 | 1309000 | 37519 |
| &nbsp;&nbsp;&nbsp;&nbsp;NY Harbor ULSD <sup>(a)</sup> | 75 | 11/28/2025 | 7555590 | 484750 |
| &nbsp;&nbsp;&nbsp;&nbsp;Reformulated Gasoline Blendstock <sup>(a)</sup> | 59 | 11/28/2025 | 4710182 | 31455 |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury 10 Year Notes | 267 | 12/19/2025 | 30083391 | (155712) |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury 2 Year Notes | 58 | 12/31/2025 | 12078047 | 9736 |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury 5 Year Notes | 417 | 12/31/2025 | 45540961 | (191531) |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Long Bonds | 143 | 12/19/2025 | 16775688 | (48227) |
|  |  |  |  | $(142104) |
|  |  |  |  | – |
| **Description** | **Contracts Sold** | **Expiration Date** | **Notional Value** | **Value / Unrealized**<br> **Appreciation (Depreciation)** |
| &nbsp;&nbsp;&nbsp;&nbsp;Brent Crude Oil <sup>(a)</sup> | (14) | 11/28/2025 | $906780 | $(3739) |
| &nbsp;&nbsp;&nbsp;&nbsp;Canadian Dollar/U.S. Dollar Cross Currency Rate | (1001) | 12/16/2025 | 71586515 | 188660 |
| &nbsp;&nbsp;&nbsp;&nbsp;Copper <sup>(a)</sup> | (25) | 12/29/2025 | 3180625 | 22372 |
| &nbsp;&nbsp;&nbsp;&nbsp;Euro/U.S. Dollar Cross Currency Rate | (9) | 12/15/2025 | 1299600 | 418 |
| &nbsp;&nbsp;&nbsp;&nbsp;FTSE 100 Index | (16) | 12/19/2025 | 2048771 | (38101) |
| &nbsp;&nbsp;&nbsp;&nbsp;German Stock Index | (18) | 12/19/2025 | 12483033 | 141591 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gold <sup>(a)</sup> | (10) | 12/29/2025 | 3996500 | 65324 |
| &nbsp;&nbsp;&nbsp;&nbsp;Japanese Yen/U.S. Dollar Cross Currency Rate | (4) | 12/15/2025 | 325825 | 212 |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500 Index | (21) | 12/19/2025 | 7217700 | 31866 |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P/Toronto Stock Exchange 60 Index | (44) | 12/18/2025 | 11189437 | 18758 |
| &nbsp;&nbsp;&nbsp;&nbsp;Silver <sup>(a)</sup> | (5) | 12/29/2025 | 1204000 | 7907 |
| &nbsp;&nbsp;&nbsp;&nbsp;WTI Crude Oil <sup>(a)</sup> | (14) | 11/20/2025 | 853720 | (4134) |
|  |  |  |  | $431134 |
| **Net Unrealized Appreciation (Depreciation)** |  | $– | $– | $289030 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Futures held in Return Stacked RSBY Cayman Subsidiary.

------

#### Summary of Fair Value Disclosure as of October 31, 2025 (Unaudited)
Return Stacked Bonds & Futures Yield ETF (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

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

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

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

The following is a summary of the fair valuation hierarchy of the Fund's securities as of October 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | $48374117 | $– | $– | $48374117 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 35758737 | – | – | 35758737 |
| Total Investments | $84132854 | $– | $– | $84132854 |
| <u>Other Financial Instruments:</u> <sup><u>(a)</u></sup> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Futures Contracts | $1629164 | $– | $– | $1629164 |
| Total Other Financial Instruments | $1629164 | $– | $– | $1629164 |
| **Liabilities:** |  |  |  |  |
| <u>Other Financial Instruments:</u> <sup><u>(a)</u></sup> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Futures Contracts | $(1340134) | $– | $– | $(1340134) |
| Total Other Financial Instruments | $(1340134) | $– | $– | $(1340134) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <sup>(a)</sup> Other Financial Instruments are derivative instruments not reflected in the Consolidated Schedule of Investments, such as futures contracts, which are presented at the unrealized appreciation (depreciation) on the investment. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <sup>(a)</sup> Other Financial Instruments are derivative instruments not reflected in the Consolidated Schedule of Investments, such as futures contracts, which are presented at the unrealized appreciation (depreciation) on the investment. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <sup>(a)</sup> Other Financial Instruments are derivative instruments not reflected in the Consolidated Schedule of Investments, such as futures contracts, which are presented at the unrealized appreciation (depreciation) on the investment. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <sup>(a)</sup> Other Financial Instruments are derivative instruments not reflected in the Consolidated Schedule of Investments, such as futures contracts, which are presented at the unrealized appreciation (depreciation) on the investment. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <sup>(a)</sup> Other Financial Instruments are derivative instruments not reflected in the Consolidated Schedule of Investments, such as futures contracts, which are presented at the unrealized appreciation (depreciation) on the investment. |
| Refer to the Consolidated Schedule of Investments for further disaggregation of investment categories. | Refer to the Consolidated Schedule of Investments for further disaggregation of investment categories. | Refer to the Consolidated Schedule of Investments for further disaggregation of investment categories. | Refer to the Consolidated Schedule of Investments for further disaggregation of investment categories. | Refer to the Consolidated 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:** Return Stacked Bonds & Futures Yield ETF

- **b. EDGAR series identifier (if any):** S000084638

- **c. LEI of Series:** 254900YQWGQHFJ2JRC57

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

- **a. Date of fiscal year-end:** 2026-01-31

- **b. Date as of which information is reported:** 2025-10-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $97022625.07

**Total Liabilities:** $79808.59

**Net Assets:** $96942816.48

**Amount of Assets Invested in Other Investment Companies:** $1893554.75

**Cash Not Reported:** $12640716.01

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.000000000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

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

- **3-Month:** 96052.100000000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000249072 | 0.30%                | 1.64%                | -0.46%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $166.56                  | $456598.95                                 |
| Month 2  | $-6707.87                | $411199.97                                 |
| Month 3  | $-9849.24                | $153446.92                                 |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                           | Title                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |  35758737 | NS      | $35758737.03  | 36.89%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares Core U.S. Aggregate Bo | iShares Core U.S. Aggregate Bond ETF       | CUSIP: 464287226<br>LEI: 549300F7VSXTKBGHJE47 | Long             | EC               | RF                | US        |    480528 | NS      | $48312285.12  | 49.84%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | AUDUSD Crncy Fut  Dec25                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |       248 | NC      | $-34644.16    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | BP CURRENCY FUT   Dec25                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |       483 | NC      | $-809095.72   | -0.83%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | C$ CURRENCY FUT   Dec25                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |     -1009 | NC      | $193147.92    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | WTI CRUDE FUTURE  Dec25                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |       -11 | NC      | $-3903.22     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | BRENT CRUDE FUTR  Jan26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | GB        |        -9 | NC      | $-3394.10     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | EURO FX CURR FUT  Dec25                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |        28 | NC      | $-43426.36    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | S&P500 EMINI FUT  Dec25                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -5 | NC      | $15795.50     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | US 5YR NOTE (CBT) Dec25                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       413 | NC      | $-191231.51   | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | DAX INDEX FUTURE  Dec25                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | DE        |       -17 | NC      | $140527.24    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | COPPER FUTURE     Dec25                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |       -31 | NC      | $7350.28      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | NY Harb ULSD Fut  Dec25                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |        71 | NC      | $484293.49    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | NIKKEI 225  (CME) Dec25                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         5 | NC      | $37519.15     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | S&P/TSX 60 IX FUT Dec25                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | CA        |       -43 | NC      | $18875.28     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | EURO-BUND FUTURE  Dec25                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | DE        |       250 | NC      | $-97067.79    | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | SILVER FUTURE     Dec25                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |        -3 | NC      | $4689.14      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | US 2YR NOTE (CBT) Dec25                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        58 | NC      | $9736.45      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | US 10YR NOTE (CBT)Dec25                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       262 | NC      | $-155229.60   | -0.16%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | US LONG BOND(CBT) Dec25                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       137 | NC      | $-47615.23    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | EURO STOXX 50     Dec25                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | DE        |        87 | NC      | $-9644.59     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | LONG GILT FUTURE  Dec25                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |        98 | NC      | $86287.47     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | GOLD 100 OZ FUTR  Dec25                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |       -11 | NC      | $70850.19     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | JPN YEN CURR FUT  Dec25                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |        19 | NC      | $-22586.16    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | NATURAL GAS FUTR  Dec25                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |        31 | NC      | $32716.78     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | NASDAQ 100 E-MINI Dec25                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        11 | NC      | $63227.60     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Low Su Gasoil G   Dec25                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | GB        |        95 | NC      | $488374.47    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | GASOLINE RBOB FUT Dec25                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |        45 | NC      | $29159.99     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | FTSE 100 IDX FUT  Dec25                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | GB        |       -25 | NC      | $-60313.95    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-30

**Name of Applicant:** Tidal Trust II

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer