# EDGAR Filing Document

**Accession Number:** 0001924868
**File Stem:** 0001145549-25-044308
**Filing Date:** 2025-6
**Character Count:** 24612
**Document Hash:** 39ddbbc6d4b55d38347928e510c379cc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-044308.hdr.sgml**: 20250627

**ACCESSION NUMBER**: 0001145549-25-044308

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250627

**DATE AS OF CHANGE**: 20250627

**PERIOD START**: 20250731

**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:** 251085923

**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

### Carbon Collective Short Duration Green Bond ETF (Series ID: S000084091)

| Class ID   | Class Name                                      | Ticker Symbol   |
|:---|:---|:---|
| C000248351 | Carbon Collective Short Duration Green Bond ETF | CCSB            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Carbon Collective Short Duration Green Bond ETF** | **Carbon Collective Short Duration Green Bond ETF** | **Carbon Collective Short Duration Green Bond ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **April 30, 2025 (Unaudited)** | **April 30, 2025 (Unaudited)** | **April 30, 2025 (Unaudited)** |
| **CORPORATE BONDS - 93.3%** | **Par** | **Value** |
| **Auto Parts & Equipment - 3.9%** | **Auto Parts & Equipment - 3.9%** | **Auto Parts & Equipment - 3.9%** |
| LG Energy Solution Ltd. | LG Energy Solution Ltd. | LG Energy Solution Ltd. |
| &nbsp;&nbsp; 5.63%, 09/25/2026 <sup>(a)</sup> | $400000 | $404419 |
| &nbsp;&nbsp; 5.75%, 09/25/2028 <sup>(a)</sup> | 300000 | 306446 |
|  |  | 710865 |
| **Banks - 32.0%<sup>(b)</sup>** | **Banks - 32.0%<sup>(b)</sup>** | **Banks - 32.0%<sup>(b)</sup>** |
|  BNP Paribas SA, 1.68% (SOFR + 0.91%), 06/30/2027 <sup>(a)</sup> | 500000 | 483252 |
|  Cooperatieve Rabobank UA, 1.00% (1 yr. CMT Rate + 0.73%), 09/24/2026 <sup>(a)</sup> | 500000 | 492596 |
|  Fifth Third Bancorp, 1.71% (SOFR + 0.69%), 11/01/2027 | 500000 | 478679 |
|  JPMorgan Chase & Co., 6.07% (SOFR + 1.33%), 10/22/2027 | 600000 | 615141 |
|  M&T Bank Corp., 4.83% to 01/16/2028 then SOFR + 0.93%, 01/16/2029 | 500000 | 500815 |
|  Mizuho Financial Group, Inc., 3.26% (1 yr. CMT Rate + 1.25%), 05/22/2030 | 500000 | 473924 |
|  Norinchukin Bank, 5.09%, 10/16/2029 <sup>(a)</sup> | 500000 | 504505 |
|  PNC Financial Services Group, Inc., 4.76% (SOFR + 1.09%), 01/26/2027 | 500000 | 500474 |
|  Santander Holdings USA, Inc., 5.81% (SOFR + 2.33%), 09/09/2026 | 800000 | 802330 |
|  State Street Corp., 5.75% (SOFR + 1.35%), 11/04/2026 | 500000 | 502656 |
|  Wells Fargo & Co., 4.54% (SOFR + 1.56%), 08/15/2026 | 500000 | 499652 |
|  |  | 5854024 |
| **Building Materials - 4.1%** | **Building Materials - 4.1%** | **Building Materials - 4.1%** |
|  Lennox International, Inc., 1.35%, 08/01/2025 | 750000 | 743361 |
| **Computers - 3.6%** | **Computers - 3.6%** | **Computers - 3.6%** |
|  HP, Inc., 2.65%, 06/17/2031 | 750000 | 649927 |
| **Electric - 23.7%** | **Electric - 23.7%** | **Electric - 23.7%** |
|  AES Corp., 1.38%, 01/15/2026 | 1000000 | 975610 |
|  Avangrid, Inc., 3.80%, 06/01/2029 | 500000 | 484409 |
|  Dominion Energy, Inc., 2.25%, 08/15/2031 | 900000 | 772595 |
|  Electricite de France SA, 3.63%, 10/13/2025 <sup>(a)</sup> | 468000 | 465242 |
|  NextEra Energy Capital Holdings, Inc., 5.16% (SOFR + 0.80%), 02/04/2028 | 500000 | 500298 |
|  Public Service Co. of Oklahoma, 2.20%, 08/15/2031 | 750000 | 639396 |
|  Southern Power Co., 0.90%, 01/15/2026 | 500000 | 487216 |
|  |  | 4324766 |
| **Electronics - 2.7%** | **Electronics - 2.7%** | **Electronics - 2.7%** |
|  Jabil, Inc., 4.25%, 05/15/2027 | 500000 | 498060 |
| **Energy-Alternate Sources - 2.2%** | **Energy-Alternate Sources - 2.2%** | **Energy-Alternate Sources - 2.2%** |
|  Hanwha Energy USA Holdings Corp., 4.13%, 07/05/2025 <sup>(a)</sup> | 400000 | 399577 |
| **Environmental Control - 2.6%** | **Environmental Control - 2.6%** | **Environmental Control - 2.6%** |
|  Ambipar Lux Sarl, 9.88%, 02/06/2031 <sup>(a)</sup> | 497000 | 478229 |
| **Forest Products & Paper - 1.1%** | **Forest Products & Paper - 1.1%** | **Forest Products & Paper - 1.1%** |
|  Celulosa Arauco y Constitucion SA, 6.18%, 05/05/2032 <sup>(a)</sup> | 200000 | 200000 |
| **Iron & Steel - 2.7%** | **Iron & Steel - 2.7%** | **Iron & Steel - 2.7%** |
|  POSCO Holdings, Inc., 5.13%, 05/07/2030 <sup>(a)</sup> | 500000 | 499293 |
| **Private Equity - 8.4%** | **Private Equity - 8.4%** | **Private Equity - 8.4%** |
|  Brookfield Finance, Inc., 2.72%, 04/15/2031 | 900000 | 799726 |
|  HAT Holdings I LLC / HAT Holdings II LLC, 3.38%, 06/15/2026 <sup>(a)</sup> | 750000 | 728485 |
|  |  | 1528211 |
| **REITS - 2.5%** | **REITS - 2.5%** | **REITS - 2.5%** |
|  Equinix, Inc., 1.55%, 03/15/2028 | 500000 | 461994 |
| **Semiconductors - 3.8%** | **Semiconductors - 3.8%** | **Semiconductors - 3.8%** |
|  Micron Technology, Inc., 2.70%, 04/15/2032 | 500000 | 424237 |
|  NXP BV / NXP Funding LLC / NXP USA, Inc., 3.40%, 05/01/2030 | 300000 | 278184 |
|  |  | 702421 |
| **TOTAL CORPORATE BONDS** (Cost $16,973,185) | **TOTAL CORPORATE BONDS** (Cost $16,973,185) | 17050728 |
| **SHORT-TERM INVESTMENTS - 9.8%** | **Shares** |  |
| **Money Market Funds - 9.8%** |  |  |
| First American Government Obligations Fund - Class X, 4.25% <sup>(c)</sup> | 1792535 | 1792535 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $1,792,535) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $1,792,535) | 1792535 |
| **TOTAL INVESTMENTS - 103.1% (**Cost $18,765,720**)** | **TOTAL INVESTMENTS - 103.1% (**Cost $18,765,720**)** | 18843263 |
| Liabilities in Excess of Other Assets - (3.1)% | Liabilities in Excess of Other Assets - (3.1)% | (562199) |
| **TOTAL NET ASSETS - 100.0%** |  | $18281064 |
| two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |

---

CMT - Constant Maturity Treasury <br> SOFR - Secured Overnight Financing Rate

(a) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified
 institutional investors. As of April 30, 2025, the value of these securities total $4,962,044 or 27.1% of the Fund's net assets.

(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) The rate shown represents the 7-day annualized effective yield as of April 30, 2025.

------

#### Summary of Fair Value Disclosure as of April 30, 2025 (Unaudited)
Carbon Collective Short Duration Green Bond ETF 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 April 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | $– | $17050728 | $– | $17050728 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 1792535 | – | – | 1792535 |
| Total Investments | $1792535 | $17050728 | $– | $18843263 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the 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:** Carbon Collective Short Duration Green Bond ETF

- **b. EDGAR series identifier (if any):** S000084091

- **c. LEI of Series:** 254900W9HBZ31YITGZ07

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

- **a. Date of fiscal year-end:** 2025-07-31

- **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:** $18858486.76

**Total Liabilities:** $577414.34

**Net Assets:** $18281072.42

**Delayed Delivery Securities:** $497825.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 190.220000000000 | **1-Year:** 841.020000000000 | **5-Year:** 2491.060000000000 | **10-Year:** 378.810000000000 | **30-Year:** 0.000000000000

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

- **3-Month:** 0.000000000000 | **1-Year:** 147.720000000000 | **5-Year:** 35.290000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000248351 | 0.75%                | 0.36%                | 0.29%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $5729.32                 | $54392.30                                  |
| Month 2  | $0.00                    | $-479.72                                   |
| Month 3  | $0.00                    | $-14522.33                                 |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MICRON TECHNOLOGY INC          | Micron Technology Inc                      | CUSIP: 595112BS1<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |    500000 | PA      | $424237.14    | 2.32%             | 2032-04-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL         | NextEra Energy Capital Holdings Inc        | CUSIP: 65339KDH0<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    500000 | PA      | $500297.88    | 2.74%             | 2028-02-04      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE OKLAHOMA        | Public Service Co of Oklahoma              | CUSIP: 744533BM1<br>LEI: F3TJNSIZRGXRH8GEIK79 | Long             | DBT              | CORP              | US        |    750000 | PA      | $639395.85    | 3.50%             | 2031-08-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| EQUINIX INC                    | Equinix Inc                                | CUSIP: 29444UBL9<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              | CORP              | US        |    500000 | PA      | $461993.93    | 2.53%             | 2028-03-15      | Fixed         | 1.55%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION           | M&T Bank Corp                              | CUSIP: 55261FAU8<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    500000 | PA      | $500815.29    | 2.74%             | 2029-01-16      | Variable      | 4.83%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP              | State Street Corp                          | CUSIP: 857477BX0<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    500000 | PA      | $502656.28    | 2.75%             | 2026-11-04      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| AMBIPAR LUX SARL               | Ambipar Lux Sarl                           | CUSIP: 02319WAA9<br>LEI: 9845008C0E14F9BDEK55 | Long             | DBT              | CORP              | LU        |    497000 | PA      | $478229.10    | 2.62%             | 2031-02-06      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA       | Electricite de France SA                   | CUSIP: 268317AS3<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |    468000 | PA      | $465242.06    | 2.54%             | 2025-10-13      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   1864625 | NS      | $1864625.39   | 10.20%            |  |  |  | No            |                  1 | On Loan: No      |
| PNC FINANCIAL SERVICES         | PNC Financial Services Group Inc/The       | CUSIP: 693475BL8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    500000 | PA      | $500473.39    | 2.74%             | 2027-01-26      | Variable      | 4.76%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC            | Dominion Energy Inc                        | CUSIP: 25746UDL0<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    900000 | PA      | $772595.00    | 4.23%             | 2031-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| JABIL INC                      | Jabil Inc                                  | CUSIP: 466313AM5<br>LEI: 5493000CGCQY2OQU7669 | Long             | DBT              | CORP              | US        |    500000 | PA      | $498059.51    | 2.72%             | 2027-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NXP BV/NXP FDG/NXP USA         | NXP BV / NXP Funding LLC / NXP USA Inc     | CUSIP: 62954HAY4<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |    300000 | PA      | $278184.04    | 1.52%             | 2030-05-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| NORINCHUKIN BANK               | Norinchukin Bank/The                       | CUSIP: 656029AN5<br>LEI: 5493007VSMFZCPV1NB83 | Long             | DBT              | CORP              | JP        |    500000 | PA      | $504505.15    | 2.76%             | 2029-10-16      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| SOUTHERN POWER CO              | Southern Power Co                          | CUSIP: 843646AW0<br>LEI: 5LADC78JBG2BMZD5XF57 | Long             | DBT              | CORP              | US        |    500000 | PA      | $487216.20    | 2.67%             | 2026-01-15      | Fixed         | 0.90%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD FINANCE INC         | Brookfield Finance Inc                     | CUSIP: 11271LAH5<br>LEI: 549300XH8D8K6OYWGD17 | Long             | DBT              | CORP              | CA        |    900000 | PA      | $799725.54    | 4.37%             | 2031-04-15      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| LGENERGYSOLUTION               | LG Energy Solution Ltd                     | CUSIP: 50205MAA7<br>LEI: 988400QX6P286XA6ZS85 | Long             | DBT              | CORP              | KR        |    400000 | PA      | $404418.48    | 2.21%             | 2026-09-25      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP            | Fifth Third Bancorp                        | CUSIP: 316773DD9<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    500000 | PA      | $478678.98    | 2.62%             | 2027-11-01      | Variable      | 1.71%                 | No            |                  2 | On Loan: No      |
| HP INC                         | HP Inc                                     | CUSIP: 40434LAJ4<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | DBT              | CORP              | US        |    750000 | PA      | $649926.87    | 3.56%             | 2031-06-17      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| HANWHA ENERGY USA HOLDN        | Hanwha Energy USA Holdings Corp            | CUSIP: 41135WAB7<br>LEI: 549300VVIE7XDIYNIT55 | Long             | DBT              | CORP              | US        |    400000 | PA      | $399576.61    | 2.19%             | 2025-07-05      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| POSCO HOLDINGS INC             | POSCO Holdings Inc                         | CUSIP: 693483AJ8<br>LEI: 988400E5HRVX81AYLM04 | Long             | DBT              | CORP              | KR        |    500000 | PA      | $499293.13    | 2.73%             | 2030-05-07      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| COOPERATIEVE RABOBANK UA       | Cooperatieve Rabobank UA                   | CUSIP: 74977RDJ0<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |    500000 | PA      | $492596.14    | 2.69%             | 2026-09-24      | Variable      | 1.00%                 | No            |                  2 | On Loan: No      |
| LGENERGYSOLUTION               | LG Energy Solution Ltd                     | CUSIP: 50205MAB5<br>LEI: 988400QX6P286XA6ZS85 | Long             | DBT              | CORP              | KR        |    300000 | PA      | $306446.18    | 1.68%             | 2028-09-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MIZUHO FINANCIAL GROUP         | Mizuho Financial Group Inc                 | CUSIP: 60687YBX6<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |    500000 | PA      | $473924.25    | 2.59%             | 2030-05-22      | Variable      | 3.26%                 | No            |                  2 | On Loan: No      |
| AES CORP/THE                   | AES Corp/The                               | CUSIP: 00130HCE3<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $975610.20    | 5.34%             | 2026-01-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| AVANGRID INC                   | Avangrid Inc                               | CUSIP: 05351WAB9<br>LEI: 549300OX0Q38NLSKPB49 | Long             | DBT              | CORP              | US        |    500000 | PA      | $484409.15    | 2.65%             | 2029-06-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| LENNOX INTERNATIONAL INC       | Lennox International Inc                   | CUSIP: 526107AE7<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | DBT              | CORP              | US        |    750000 | PA      | $743361.44    | 4.07%             | 2025-08-01      | Fixed         | 1.35%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA         | Santander Holdings USA Inc                 | CUSIP: 80282KBE5<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |    800000 | PA      | $802330.07    | 4.39%             | 2026-09-09      | Variable      | 5.81%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY          | Wells Fargo & Co                           | CUSIP: 95000U3C5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    500000 | PA      | $499652.09    | 2.73%             | 2026-08-15      | Variable      | 4.54%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                    | BNP Paribas SA                             | CUSIP: 09659W2Q6<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    500000 | PA      | $483251.36    | 2.64%             | 2027-06-30      | Variable      | 1.68%                 | No            |                  2 | On Loan: No      |
| HAT HOLDINGS I LLC/HAT         | HAT Holdings I LLC / HAT Holdings II LLC   | CUSIP: 418751AE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $728485.02    | 3.98%             | 2026-06-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co                        | CUSIP: 46647PDW3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    600000 | PA      | $615141.32    | 3.36%             | 2027-10-22      | Variable      | 6.07%                 | 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