# EDGAR Filing Document

**Accession Number:** 0001924868
**File Stem:** 0001145549-25-044320
**Filing Date:** 2025-6
**Character Count:** 8331
**Document Hash:** b419deb83e0c8be659fdd6de4e412acf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-044320.hdr.sgml**: 20250627

**ACCESSION NUMBER**: 0001145549-25-044320

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**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:** 251085935

**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

### Nicholas Fixed Income Alternative ETF (Series ID: S000078265)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000239025 | Nicholas Fixed Income Alternative ETF | FIAX            |

## 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:** Nicholas Fixed Income Alternative ETF

- **b. EDGAR series identifier (if any):** S000078265

- **c. LEI of Series:** 549300VYZDTOVYWG3H64

**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:** $156597979.79

**Total Liabilities:** $800833.79

**Net Assets:** $155797146.00

**Cash Not Reported:** $2860939.22

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 2215.160000000000 | **1-Year:** 8569.030000000000 | **5-Year:** 845.170000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

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

- **3-Month:** 0.000000000000 | **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 C000239025 | -0.86%               | -1.44%               | -1.75%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $121646.62                                 |
| Month 2  | $0.00                    | $21072.74                                  |
| Month 3  | $-4055213.84             | $155862.30                                 |

**Designated Index Information**

- **Index Name:** ICE US Treasury 20+ Year Bond Index TRexTC

- **Index Identifier:** IDCOT20

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| US TREASURY N/B                | United States Treasury Note/Bond           | CUSIP: 91282CEY3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  45925000 | PA      | $45800450.48  | 29.40%            | 2025-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                            | SPDR S&P 500 ETF Trust                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -400 | NC      | $-510400.00   | -0.33%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | iShares 20+ Year Treasury Bond ETF         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       275 | NC      | $319000.00    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | iShares 20+ Year Treasury Bond ETF         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -275 | NC      | $-7700.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond           | CUSIP: 91282CJC6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  52012000 | PA      | $52657070.51  | 33.80%            | 2026-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| N/A                            | Invesco QQQ Trust Series 1                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        70 | NC      | $689465.00    | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |     99892 | NS      | $99892.39     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond           | CUSIP: 91282CGE5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  48500000 | PA      | $48454472.57  | 31.10%            | 2026-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| N/A                            | iShares Bitcoin Trust ETF                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      2400 | NC      | $996000.00    | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | iShares Bitcoin Trust ETF                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -2400 | NC      | $-19200.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Invesco QQQ Trust Series 1                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -70 | NC      | $-141540.00   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPDR S&P 500 ETF Trust                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       400 | NC      | $3661600.00   | 2.35%             |  |  |  | No            |                  2 | 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