# EDGAR Filing Document

**Accession Number:** 0001924868
**File Stem:** 0002000324-26-002691
**Filing Date:** 2026-6
**Character Count:** 17518
**Document Hash:** 50da280528545b4855baca4552a2b488
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-26-002691.hdr.sgml**: 20260625

**ACCESSION NUMBER**: 0002000324-26-002691

**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**: 20270131

**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:** 261122892

**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

### 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**

**Consolidated Schedule of Investments**

**April 30, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**EXCHANGE TRADED FUNDS - 75.2%** | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;State Street SPDR Portfolio Aggregate Bond ETF<sup>(a)</sup> | 2293278 | $58593253 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL EXCHANGE TRADED FUNDS (Cost $58,777,207)** |  | 58593253 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**SHORT-TERM INVESTMENTS - 16.9%** | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Money Market Funds - 16.9%** | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First American Government Obligations Fund - Class X, 3.58%<sup>(b)</sup> | 13185902 | 13185902 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL SHORT-TERM INVESTMENTS (Cost $13,185,902)** |  | 13185902 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL INVESTMENTS - 92.1% (Cost $71,963,109)** |  | $71779155 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Assets in Excess of Liabilities - 7.9% |  | 6119005 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL NET ASSETS - 100.0%** |  | $77898160 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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) The rate shown represents the 7-day annualized
 effective yield as of April 30, 2026.

**Return Stacked Bonds & Futures Yield ETF**

**Consolidated Schedule of Futures Contracts**

**April 30, 2026 (Unaudited)**

The Return Stacked Bonds & Futures Yield ETF had the following futures contracts outstanding with Phillip Capital, Inc. as of April 30, 2026:

**FUTURES CONTRACTS - 1.6%**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Contracts<br> Purchased** | **Expiration Date** | **Notional Value** | **Value / <br> Unrealized <br> Appreciation <br> (Depreciation)** |
| Australian Dollar/U.S. Dollar Cross Currency Rate | 387 | 06/15/2026 | $27834975 | $276490 |
| Brent Crude Oil<sup>(a)</sup> | 25 | 05/29/2026 | 2760000 | 215142 |
| British Pound/U.S. Dollar Cross Currency Rate | 407 | 06/15/2026 | 34597544 | 442490 |
| E-Mini Nasdaq 100 | 9 | 06/18/2026 | 4967280 | 29963 |
| Euro/U.S. Dollar Cross Currency Rate | 4 | 06/15/2026 | 588000 | (121) |
| German 10 Year Government Bond | 9 | 06/08/2026 | 1323480 | 2350 |
| Long Gilt | 52 | 06/26/2026 | 6118437 | (103207) |
| Low Sulfur Gas Oil<sup>(a)</sup> | 18 | 06/11/2026 | 2218950 | 289351 |
| NY Harbor Ultra-Low Sulfur Diesel<sup>(a)</sup> | 13 | 05/29/2026 | 2228171 | 328905 |
| RBOB Gasoline<sup>(a)</sup> | 35 | 05/29/2026 | 5314050 | 767921 |
| Silver<sup>(a)</sup> | 1 | 07/29/2026 | 370140 | 9661 |
| U.S. Treasury 10 Year Note | 269 | 06/18/2026 | 29749719 | (184216) |
| U.S. Treasury 2 Year Note | 24 | 06/30/2026 | 4971000 | (31883) |
| U.S. Treasury 5 Year Note | 382 | 06/30/2026 | 41193328 | (187835) |
| U.S. Treasury Long Bond | 143 | 06/18/2026 | 16136656 | (189519) |
| WTI Crude Oil<sup>(a)</sup> | 20 | 05/19/2026 | 2101400 | 271472 |
|  |  |  |  | $1936964 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Contracts<br> Sold** | **Expiration Date** | **Notional Value** | **Value /<br> Unrealized<br> Appreciation <br> (Depreciation)** |
| Canadian Dollar/U.S. Dollar Cross Currency Rate | (192) | 06/16/2026 | $(14160000) | $(114122) |
| Copper<sup>(a)</sup> | (39) | 07/29/2026 | (5830988) | 141838 |
| DAX Index | (1) | 06/19/2026 | (715178) | (179) |
| E-Mini S&P 500 Index | (18) | 06/18/2026 | (6519375) | (83820) |
| Euro Stoxx 50 | (57) | 06/19/2026 | (3904842) | (158437) |
| FTSE 100 Index | (64) | 06/19/2026 | (9025764) | 67251 |
| Gold<sup>(a)</sup> | (9) | 06/26/2026 | (4166640) | 35099 |
| Japanese Yen/U.S. Dollar Cross Currency Rate | (196) | 06/15/2026 | (15719200) | (284403) |
| Natural Gas<sup>(a)</sup> | (55) | 05/27/2026 | (1521850) | (24962) |
| Nikkei 225 | (1) | 06/11/2026 | (299250) | (3459) |
| S&P/TSX 60 Index | (30) | 06/18/2026 | (8746749) | (239159) |
|  |  |  |  | (664353) |
| **Net Unrealized Appreciation (Depreciation)** |  |  |  | $1272611 |

---

(a) All
or a portion of the investment is a holding of the Return Stacked RSBY Cayman Subsidiary.

## 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:** 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:** 2027-01-31

- **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:** $77978467.08

**Total Liabilities:** $77446.67

**Net Assets:** $77901020.41

**Amount of Assets Invested in Other Investment Companies:** $2658029.26

**Cash Not Reported:** $7347624.43

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0 | **1-Year:** -833.35 | **5-Year:** -32127.35 | **10-Year:** -9265.94 | **30-Year:** -18665.03

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

- **3-Month:** 0 | **1-Year:** 0 | **5-Year:** 0 | **10-Year:** 0 | **30-Year:** 0

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000249072 | 6.42%                | 10.48%               | 0.83%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $6679.33                 | $453260.35                                 |
| Month 2  | $-4754.26                | $-785907.80                                |
| Month 3  | $465164.38               | $-644695.98                                |

**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        |  13185902 | NS      | $13185902.10  | 16.93%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | AUDUSD Crncy Fut  Jun26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |       405 | NC      | $281393.10    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | BP CURRENCY FUT   Jun26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |       392 | NC      | $442730.67    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | BRENT CRUDE FUTR  Jul26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | GB        |        25 | NC      | $215141.75    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | C$ CURRENCY FUT   Jun26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |      -238 | NC      | $-168096.29   | -0.22%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | COPPER FUTURE     Jul26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |       -37 | NC      | $142057.26    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | EURO FX CURR FUT  Jun26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |        -5 | NC      | $-1079.85     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | EURO STOXX 50     Jun26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | DE        |       -54 | NC      | $-158431.55   | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | EURO-BUND FUTURE  Jun26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | DE        |         9 | NC      | $2349.84      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | FTSE 100 IDX FUT  Jun26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | GB        |       -66 | NC      | $68400.84     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | GASOLINE RBOB FUT Jun26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |        36 | NC      | $792511.67    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | GOLD 100 OZ FUTR  Jun26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |        -9 | NC      | $35098.52     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | JPN YEN CURR FUT  Jun26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |      -172 | NC      | $-284271.80   | -0.36%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | LONG GILT FUTURE  Jun26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |        61 | NC      | $-116437.07   | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Low Su Gasoil G   Jun26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | GB        |        19 | NC      | $307273.13    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | NASDAQ 100 E-MINI Jun26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         3 | NC      | $30205.25     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | NATURAL GAS FUTR  Jun26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |       -52 | NC      | $-24992.40    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | NIKKEI 225  (CME) Jun26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -1 | NC      | $-3459.02     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | NY Harb ULSD Fut  Jun26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |        14 | NC      | $355624.40    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | S&P/TSX 60 IX FUT Jun26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | CA        |       -27 | NC      | $-238812.42   | -0.31%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | S&P500 EMINI FUT  Jun26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -14 | NC      | $-83895.50    | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | SILVER FUTURE     Jul26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |         1 | NC      | $9661.48      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | US 10YR NOTE (CBT)Jun26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       254 | NC      | $-184181.68   | -0.24%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | US 2YR NOTE (CBT) Jun26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        24 | NC      | $-31882.88    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | US 5YR NOTE (CBT) Jun26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       362 | NC      | $-187564.61   | -0.24%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | US LONG BOND(CBT) Jun26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       134 | NC      | $-189278.26   | -0.24%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | WTI CRUDE FUTURE  Jun26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |        20 | NC      | $271471.60    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street SPDR Portfolio Ag | State Street SPDR Portfolio Aggregate Bond ETF | CUSIP: 78464A649<br>LEI: 549300E2D1JKWI3P9D54 | Long             | EC               | RF                | US        |   2254518 | NS      | $57602934.90  | 73.94%            |  |  |  | No            |                  1 | 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