# EDGAR Filing Document

**Accession Number:** 0001924868
**File Stem:** 0002000324-26-002690
**Filing Date:** 2026-6
**Character Count:** 17537
**Document Hash:** 25b19c3c000af6e55e3c437dbe0def3c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-26-002690.hdr.sgml**: 20260625

**ACCESSION NUMBER**: 0002000324-26-002690

**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:** 261122888

**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 & Managed Futures ETF (Series ID: S000079702)

| Class ID   | Class Name                                    | Ticker Symbol   |
|:---|:---|:---|
| C000240949 | Return Stacked(R) Bonds & Managed Futures ETF | RSBT            |

## Nport-Ex

**Return Stacked Bonds & Managed Futures ETF**

**Consolidated Schedule of Investments**

**April 30, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**EXCHANGE TRADED FUNDS - 75.6%** | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;State Street SPDR Portfolio Aggregate Bond ETF<sup>(a)</sup> | 3726233 | $95205254 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL EXCHANGE TRADED FUNDS (Cost $95,234,283)** |  | 95205254 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**SHORT-TERM INVESTMENTS - 18.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Money Market Funds - 18.2%** | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First American Government Obligations Fund - Class X, 3.58%<sup>(b)</sup> | 22903858 | 22903858 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL SHORT-TERM INVESTMENTS (Cost $22,903,858)** |  | 22903858 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL INVESTMENTS - 93.8% (Cost $118,138,141)** |  | $118109112 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Assets in Excess of Liabilities - 6.2% |  | 7856755 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL NET ASSETS - 100.0%** |  | $125965867 |
| &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 & Managed Futures ETF**

**Consolidated Schedule of Futures Contracts**

**April 30, 2026 (Unaudited)**

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **FUTURES CONTRACTS - 1.6%** | **FUTURES CONTRACTS - 1.6%** | **FUTURES CONTRACTS - 1.6%** | **FUTURES CONTRACTS - 1.6%** | **FUTURES CONTRACTS - 1.6%** |
| **Description** | **Contracts<br> Purchased** | **Expiration Date** | **Notional Value** | **Value / Unrealized Appreciation (Depreciation)** |
| Australian Dollar/U.S. Dollar Cross Currency Rate | 426 | 06/15/2026 | $30640050 | $311476 |
| Brent Crude Oil<sup>(a)</sup> | 19 | 05/29/2026 | 2097600 | 148419 |
| British Pound/U.S. Dollar Cross Currency Rate | 23 | 06/15/2026 | 1955144 | 12195 |
| Copper<sup>(a)</sup> | 38 | 07/29/2026 | 5681475 | (170234) |
| E-Mini Nasdaq 100 | 17 | 06/18/2026 | 9382640 | 395580 |
| E-Mini S&P 500 Index | 28 | 06/18/2026 | 10141250 | 263247 |
| Euro Stoxx 50 | 49 | 06/19/2026 | 3356794 | 87921 |
| FTSE 100 Index | 142 | 06/19/2026 | 20025913 | (146691) |
| Gold<sup>(a)</sup> | 6 | 06/26/2026 | 2777760 | 22359 |
| Low Sulfur Gas Oil<sup>(a)</sup> | 16 | 06/11/2026 | 1972400 | 248156 |
| Nikkei 225 | 25 | 06/11/2026 | 7481250 | 410374 |
| NY Harbor Ultra-Low Sulfur Diesel<sup>(a)</sup> | 14 | 05/29/2026 | 2399569 | 309864 |
| RBOB Gasoline<sup>(a)</sup> | 22 | 05/29/2026 | 3340260 | 428317 |
| S&P/TSX 60 Index | 42 | 06/18/2026 | 12245449 | 251675 |
| Silver<sup>(a)</sup> | 3 | 07/29/2026 | 1110420 | (33326) |
| U.S. Treasury Long Bond | 51 | 06/18/2026 | 5755031 | (41175) |
| WTI Crude Oil<sup>(a)</sup> | 27 | 05/19/2026 | 2836890 | 377499 |
|  |  |  |  | $2875656 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Contracts<br> Sold** | **Expiration Date** | **Notional Value** | **Value / Unrealized Appreciation (Depreciation)** |
| Canadian Dollar/U.S. Dollar Cross Currency Rate | (59) | 06/16/2026 | $(4351250) | $(45515) |
| Euro/U.S. Dollar Cross Currency Rate | (22) | 06/15/2026 | (3234000) | (6624) |
| German 10 Year Government Bond | (153) | 06/08/2026 | (22499156) | 6552 |
| Japanese Yen/U.S. Dollar Cross Currency Rate | (835) | 06/15/2026 | (66967000) | (939161) |
| Long Gilt | (48) | 06/26/2026 | (5647788) | 63655 |
| Natural Gas<sup>(a)</sup> | (36) | 05/27/2026 | (996120) | (26092) |
| U.S. Treasury 10 Year Note | (23) | 06/18/2026 | (2543656) | (426) |
| U.S. Treasury 2 Year Note | (578) | 06/30/2026 | (119718250) | 106325 |
| U.S. Treasury 5 Year Note | (159) | 06/30/2026 | $(17145914) | 30631 |
|  |  |  |  | (810655) |
| **Net Unrealized Appreciation (Depreciation)** |  |  |  | $2065001 |

---

(a) All or a portion of the investment is a holding of the Return Stacked RSBT 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 & Managed Futures ETF

- **b. EDGAR series identifier (if any):** S000079702

- **c. LEI of Series:** 549300RDT2JBHAXWFP12

**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:** $127936079.96

**Total Liabilities:** $917209.33

**Net Assets:** $127018870.63

**Amount of Assets Invested in Other Investment Companies:** $2398404.11

**Cash Not Reported:** $9428045.69

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0 | **1-Year:** 17778.15 | **5-Year:** 5448.25 | **10-Year:** 21837.59 | **30-Year:** -8496.77

**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 C000240949 | 6.36%                | -4.53%               | 1.71%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-9235.52                | $682473.83                                 |
| Month 2  | $1106310.10              | $-2369957.01                               |
| Month 3  | $-3647.10                | $-236835.42                                |

**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        |  22903858 | NS      | $22903858.36  | 18.03%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | AUDUSD Crncy Fut  Jun26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |       421 | NC      | $311586.52    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | BP CURRENCY FUT   Jun26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |        23 | NC      | $12195.29     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | BRENT CRUDE FUTR  Jul26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | GB        |        18 | NC      | $148270.86    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | C$ CURRENCY FUT   Jun26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |       -59 | NC      | $-45514.73    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | COPPER FUTURE     Jul26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |        38 | NC      | $-170233.76   | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | EURO FX CURR FUT  Jun26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |       -13 | NC      | $-6789.11     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | EURO STOXX 50     Jun26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | DE        |        50 | NC      | $89319.94     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | EURO-BUND FUTURE  Jun26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | DE        |      -139 | NC      | $6285.58      | 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        |       153 | NC      | $-153146.59   | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | GASOLINE RBOB FUT Jun26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |        21 | NC      | $428496.63    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | GOLD 100 OZ FUTR  Jun26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |         6 | NC      | $22359.13     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | JPN YEN CURR FUT  Jun26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |      -807 | NC      | $-939023.89   | -0.74%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | LONG GILT FUTURE  Jun26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |       -41 | NC      | $63494.65     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Low Su Gasoil G   Jun26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | GB        |        16 | NC      | $248156.32    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | NASDAQ 100 E-MINI Jun26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        16 | NC      | $395603.00    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | NATURAL GAS FUTR  Jun26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |       -27 | NC      | $-25973.71    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | NIKKEI 225  (CME) Jun26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        24 | NC      | $410627.14    | 0.32%             |  |  |  | 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      | $309863.47    | 0.24%             |  |  |  | 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        |        41 | NC      | $251516.09    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | S&P500 EMINI FUT  Jun26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        27 | NC      | $263262.25    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | SILVER FUTURE     Jul26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |         3 | NC      | $-33325.56    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | US 10YR NOTE (CBT)Jun26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |         4 | NC      | $-2573.21     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | US 2YR NOTE (CBT) Jun26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      -512 | NC      | $106209.98    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | US 5YR NOTE (CBT) Jun26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      -134 | NC      | $30591.43     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | US LONG BOND(CBT) Jun26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        61 | NC      | $-68203.54    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | WTI CRUDE FUTURE  Jun26                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |        26 | NC      | $377292.38    | 0.30%             |  |  |  | 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        |   3726233 | NS      | $95205253.15  | 74.95%            |  |  |  | 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