# EDGAR Filing Document

**Accession Number:** 0001924868
**File Stem:** 0000894189-25-020426
**Filing Date:** 2025-12
**Character Count:** 48885
**Document Hash:** 23cdca9c466edbc8f810fac720cea3f2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-020426.hdr.sgml**: 20251230

**ACCESSION NUMBER**: 0000894189-25-020426

**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**: 20260731

**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:** 251613559

**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

### YieldMax(R) Crypto Industry & Tech Portfolio Option Income ETF (Series ID: S000089003)

| Class ID   | Class Name                                                     | Ticker Symbol   |
|:---|:---|:---|
| C000255410 | YieldMax(R) Crypto Industry & Tech Portfolio Option Income ETF | LFGY            |

## Nport-Ex

---

| | | | |
|:---|:---|:---|:---|
| **YieldMax Crypto Industry and Tech Portfolio Option Income ETF** | **YieldMax Crypto Industry and Tech Portfolio Option Income ETF** | **YieldMax Crypto Industry and Tech Portfolio Option Income ETF** | **YieldMax Crypto Industry and Tech Portfolio Option Income ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **October 31, 2025 (Unaudited)** | **October 31, 2025 (Unaudited)** | **October 31, 2025 (Unaudited)** | **October 31, 2025 (Unaudited)** |
| **COMMON STOCKS - 86.3%** | **COMMON STOCKS - 86.3%** | **Shares** | **Value**  |
| **Banks - 4.2%** | **Banks - 4.2%** | **Banks - 4.2%** | |
| NU Holdings Ltd./Cayman Islands - Class A <sup>(a)(b)(c)</sup> | NU Holdings Ltd./Cayman Islands - Class A <sup>(a)(b)(c)</sup> | 589266 | $9493075 |
| **Commercial Services - 7.1%** | **Commercial Services - 7.1%** | **Commercial Services - 7.1%** |  |
| Block, Inc. - Class A <sup>(a)(b)(c)</sup> | Block, Inc. - Class A <sup>(a)(b)(c)</sup> | 123412 | 9371907 |
| PayPal Holdings, Inc. <sup>(a)(b)(c)</sup> | PayPal Holdings, Inc. <sup>(a)(b)(c)</sup> | 99284 | 6877403 |
|  |  |  | 16249310 |
| **Diversified Financial Services - 15.7%** | **Diversified Financial Services - 15.7%** | **Diversified Financial Services - 15.7%** |  |
| BitMine Immersion Technologies, Inc. <sup>(a)(b)(c)</sup> | BitMine Immersion Technologies, Inc. <sup>(a)(b)(c)</sup> | 136559 | 6370478 |
| Circle Internet Group, Inc. <sup>(a)(b)(c)</sup> | Circle Internet Group, Inc. <sup>(a)(b)(c)</sup> | 52542 | 6671783 |
| Coinbase Global, Inc. - Class A <sup>(a)(b)(c)</sup> | Coinbase Global, Inc. - Class A <sup>(a)(b)(c)</sup> | 40695 | 13990127 |
| Galaxy Digital, Inc. - Class A <sup>(a)(b)(c)</sup> | Galaxy Digital, Inc. - Class A <sup>(a)(b)(c)</sup> | 254384 | 8905984 |
|  |  |  | 35938372 |
| **Internet - 12.8%** | **Internet - 12.8%** | **Internet - 12.8%** |  |
| MercadoLibre, Inc. <sup>(a)(b)(c)</sup> | MercadoLibre, Inc. <sup>(a)(b)(c)</sup> | 3124 | 7270360 |
| Opera Ltd. - ADR <sup>(b)(c)</sup> | Opera Ltd. - ADR <sup>(b)(c)</sup> | 596234 | 8788489 |
| Robinhood Markets, Inc. - Class A <sup>(a)(b)(c)</sup> | Robinhood Markets, Inc. - Class A <sup>(a)(b)(c)</sup> | 89393 | 13121105 |
|  |  |  | 29179954 |
| **Investment Companies - 28.8%<sup>(d)</sup>** | **Investment Companies - 28.8%<sup>(d)</sup>** | **Investment Companies - 28.8%<sup>(d)</sup>** |  |
| Bitdeer Technologies Group - Class A <sup>(a)(b)(c)</sup> | Bitdeer Technologies Group - Class A <sup>(a)(b)(c)</sup> | 397241 | 8818750 |
| Cipher Mining, Inc. <sup>(a)(b)(c)</sup> | Cipher Mining, Inc. <sup>(a)(b)(c)</sup> | 457800 | 8537970 |
| Cleanspark, Inc. <sup>(a)(b)(c)</sup> | Cleanspark, Inc. <sup>(a)(b)(c)</sup> | 479898 | 8542184 |
| Core Scientific, Inc. <sup>(a)(b)(c)</sup> | Core Scientific, Inc. <sup>(a)(b)(c)</sup> | 463551 | 9984889 |
| Hut 8 Corp. <sup>(a)(b)(c)</sup> | Hut 8 Corp. <sup>(a)(b)(c)</sup> | 192303 | 9742070 |
| MARA Holdings, Inc. <sup>(a)(b)(c)</sup> | MARA Holdings, Inc. <sup>(a)(b)(c)</sup> | 622186 | 11367338 |
| Riot Platforms, Inc. <sup>(a)(b)(c)</sup> | Riot Platforms, Inc. <sup>(a)(b)(c)</sup> | 441964 | 8742048 |
|  |  |  | 65735249 |
| **Retail - 2.9%** | **Retail - 2.9%** | **Retail - 2.9%** |  |
| GameStop Corp. - Class A <sup>(a)(b)(c)</sup> | GameStop Corp. - Class A <sup>(a)(b)(c)</sup> | 302050 | 6732695 |
| **Semiconductors - 2.9%** | **Semiconductors - 2.9%** | **Semiconductors - 2.9%** |  |
| NVIDIA Corp. <sup>(b)(c)</sup> | NVIDIA Corp. <sup>(b)(c)</sup> | 33314 | 6745752 |
| **Software - 11.9%** | **Software - 11.9%** | **Software - 11.9%** |  |
| Bullish <sup>(a)(b)(c)</sup> | Bullish <sup>(a)(b)(c)</sup> | 129900 | 6569043 |
| Sharplink Gaming, Inc. <sup>(a)(b)(c)</sup> | Sharplink Gaming, Inc. <sup>(a)(b)(c)</sup> | 512800 | 7097152 |
| Strategy, Inc. - Class A <sup>(a)(b)(c)</sup> | Strategy, Inc. - Class A <sup>(a)(b)(c)</sup> | 49834 | 13430761 |
|  |  |  | 27096956 |
| **TOTAL COMMON STOCKS** (Cost $156,057,269) | **TOTAL COMMON STOCKS** (Cost $156,057,269) | **TOTAL COMMON STOCKS** (Cost $156,057,269) | 197171363 |
| **PURCHASED OPTIONS - 9.5% <sup>(a)</sup>** | **Notional Amount** | **Contracts** |  |
| **Call Options - 7.0% <sup>(b)(e)(f)</sup>** | **Call Options - 7.0% <sup>(b)(e)(f)</sup>** |  |  |
|  Bitdeer Technologies Group, Expiration: 11/07/2025; Exercise Price: $25.00 | $8817840 | 3972 | 168810 |
|  BitMine Immersion Technologies, Inc., Expiration: 11/07/2025; Exercise Price: $55.00 | 6367725 | 1365 | 47093 |
|  Block, Inc., Expiration: 11/07/2025; Exercise Price: $82.00 | 9370996 | 1234 | 249885 |
|  Bullish, Expiration: 11/07/2025; Exercise Price: $62.00 | 6569043 | 1299 | 38321 |
|  Cipher Mining, Inc., Expiration: 11/07/2025; Exercise Price: $24.50 | 8537970 | 4578 | 116739 |
|  Circle Internet Group, Inc., Expiration: 11/07/2025; Exercise Price: $143.00 | 6666450 | 525 | 107100 |
|  Cleanspark, Inc., Expiration: 11/07/2025; Exercise Price: $20.50 | 8540440 | 4798 | 131945 |
|  Coinbase Global, Inc., Expiration: 11/07/2025; Exercise Price: $412.50 | 13957468 | 406 | 22736 |
|  Core Scientific, Inc., Expiration: 11/07/2025; Exercise Price: $24.50 | 9983790 | 4635 | 76478 |
|  Galaxy Digital, Inc., Expiration: 11/07/2025; Exercise Price: $39.50 | 8903043 | 2543 | 184367 |
|  GameStop Corp., Expiration: 11/07/2025; Exercise Price: $24.50 | 6731580 | 3020 | 46810 |
|  Hut 8 Corp., Expiration: 11/07/2025; Exercise Price: $59.00 | 9741918 | 1923 | 337487 |
| iShares Bitcoin Trust ETF | iShares Bitcoin Trust ETF |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiration: 11/07/2025; Exercise Price: $64.50 | 16079630 | 2581 | 139374 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiration: 12/19/2025; Exercise Price: $10.01 <sup>(g)</sup> | 16079630 | 2581 | 13532450 |
|  iShares Ethereum Trust ETF, Expiration: 11/07/2025; Exercise Price: $32.50 | 9169128 | 3123 | 56214 |
|  MARA Holdings, Inc., Expiration: 11/07/2025; Exercise Price: $21.00 | 11365767 | 6221 | 227067 |
|  MercadoLibre, Inc., Expiration: 11/07/2025; Exercise Price: $2,550.00 | 7214506 | 31 | 17437 |
|  NU Holdings Ltd./Cayman Islands, Expiration: 11/07/2025; Exercise Price: $16.50 | 9490401 | 5891 | 97201 |
| NVIDIA Corp. | NVIDIA Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiration: 11/07/2025; Exercise Price: $222.50 | 4616772 | 228 | 5814 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiration: 11/07/2025; Exercise Price: $230.00 | 2126145 | 105 | 1312 |
|  PayPal Holdings, Inc., Expiration: 11/07/2025; Exercise Price: $75.00 | 6871584 | 992 | 23808 |
|  Riot Platforms, Inc., Expiration: 11/07/2025; Exercise Price: $24.00 | 8740782 | 4419 | 77332 |
|  Robinhood Markets, Inc., Expiration: 11/07/2025; Exercise Price: $162.50 | 13107454 | 893 | 209855 |
|  Sharplink Gaming, Inc., Expiration: 11/07/2025; Exercise Price: $16.00 | 7097152 | 5128 | 46152 |
| Strategy, Inc. | Strategy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiration: 11/07/2025; Exercise Price: $285.00 | 6737750 | 250 | 78750 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiration: 11/07/2025; Exercise Price: $297.50 | 6683848 | 248 | 34596 |
| **Total Call Options** |  |  | 16075133 |
| **Put Options - 2.5%** | **Put Options - 2.5%** |  |  |
|  MBTX, Expiration: 12/31/2025; Exercise Price: $255.00 <sup>(b)(e)(f)</sup> | 85628400 | 3300 | 5676000 |
| **TOTAL PURCHASED OPTIONS** (Cost $22,843,531) | **TOTAL PURCHASED OPTIONS** (Cost $22,843,531) | **TOTAL PURCHASED OPTIONS** (Cost $22,843,531) | 21751133 |
| **EXCHANGE TRADED FUNDS - 4.0%** | **EXCHANGE TRADED FUNDS - 4.0%** | **Shares** |  |
| iShares Ethereum Trust ETF <sup>(a)(b)</sup> | iShares Ethereum Trust ETF <sup>(a)(b)</sup> | 312308 | 9169363 |
| **TOTAL EXCHANGE TRADED FUNDS** (Cost $9,085,438) | **TOTAL EXCHANGE TRADED FUNDS** (Cost $9,085,438) | **TOTAL EXCHANGE TRADED FUNDS** (Cost $9,085,438) | 9169363 |
| **WARRANTS - 0.0%<sup>(h)</sup>** | **WARRANTS - 0.0%<sup>(h)</sup>** | **Contracts** |  |
| GameStop Corp., Expires 10/30/2026, Exercise Price $32.00 <sup>(a)</sup> | GameStop Corp., Expires 10/30/2026, Exercise Price $32.00 <sup>(a)</sup> | 1 | 2 |
| **TOTAL WARRANTS** (Cost $0) | **TOTAL WARRANTS** (Cost $0) | **TOTAL WARRANTS** (Cost $0) | 2 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 2.0%** | **MONEY MARKET FUNDS - 2.0%** | **Shares** |  |
| First American Government Obligations Fund - Class X, 4.03% <sup>(c)(i)</sup> | First American Government Obligations Fund - Class X, 4.03% <sup>(c)(i)</sup> | 4508472 | 4508472 |
| **TOTAL MONEY MARKET FUNDS** (Cost $4,508,472) | **TOTAL MONEY MARKET FUNDS** (Cost $4,508,472) | **TOTAL MONEY MARKET FUNDS** (Cost $4,508,472) | 4508472 |
| **TOTAL INVESTMENTS - 101.8% (**Cost $192,494,710**)** | **TOTAL INVESTMENTS - 101.8% (**Cost $192,494,710**)** | **TOTAL INVESTMENTS - 101.8% (**Cost $192,494,710**)** | 232600333 |
| Liabilities in Excess of Other Assets - (1.8)% | Liabilities in Excess of Other Assets - (1.8)% | Liabilities in Excess of Other Assets - (1.8)% | (4076808) |
| **TOTAL NET ASSETS - 100.0%** | 0.0% | 0.0% | $228523525 |
| 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. | –% |

---

ADR - American Depositary Receipt<br>

(a) Non-income producing security.

(b) Held in connection with written option contracts. See Schedule of Written Options for further information.

(c) All or a portion of security has been pledged as collateral for written options. The fair value of assets committed as collateral as of October 31, 2025 is $181,270,165.

(d) To the extent that the Fund invests more heavily in particular industries or sectors of the economy, its performance will be especially sensitive to developments that significantly affect those
 industries or sectors.

(e) Exchange-traded.

(f) 100 shares per contract.

(g) FLexible EXchange<sup>®</sup> Options.

(h) Represents less than 0.05% of net assets.

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

------

---

| | | | |
|:---|:---|:---|:---|
| **YieldMax Crypto Industry and Tech Portfolio Option Income ETF** | **YieldMax Crypto Industry and Tech Portfolio Option Income ETF** | **YieldMax Crypto Industry and Tech Portfolio Option Income ETF** | **YieldMax Crypto Industry and Tech Portfolio Option Income ETF** |
| **Schedule of Written Options** | **Schedule of Written Options** | **Schedule of Written Options** | **Schedule of Written Options** |
| **October 31, 2025 (Unaudited)** | **October 31, 2025 (Unaudited)** | **October 31, 2025 (Unaudited)** | **October 31, 2025 (Unaudited)** |
| **WRITTEN OPTIONS - (2.8)%** | **Notional Amount** | **Contracts** | **Value** |
| **Call Options - (2.6)%<sup>(a)(b)</sup>** | **Call Options - (2.6)%<sup>(a)(b)</sup>** | **Call Options - (2.6)%<sup>(a)(b)</sup>** | **Call Options - (2.6)%<sup>(a)(b)</sup>** |
| Bitdeer Technologies Group, Expiration: 11/07/2025; Exercise Price: $23.00 | $(8817840) | (3972) | $(347550) |
| BitMine Immersion Technologies, Inc., Expiration: 11/07/2025; Exercise Price: $50.00 | (6367725) | (1365) | (142643) |
| Block, Inc., Expiration: 11/07/2025; Exercise Price: $77.00 | (9370996) | (1234) | (475090) |
| Bullish, Expiration: 11/07/2025; Exercise Price: $57.00 | (6569043) | (1299) | (85734) |
| Cipher Mining, Inc., Expiration: 11/07/2025; Exercise Price: $22.00 | (8537970) | (4578) | (279258) |
| Circle Internet Group, Inc., Expiration: 11/07/2025; Exercise Price: $130.00 | (6666450) | (525) | (234938) |
| Cleanspark, Inc., Expiration: 11/07/2025; Exercise Price: $18.50 | (8540440) | (4798) | (355052) |
| Coinbase Global, Inc., Expiration: 11/07/2025; Exercise Price: $375.00 | (13957468) | (406) | (118755) |
| Core Scientific, Inc., Expiration: 11/07/2025; Exercise Price: $22.50 | (9983790) | (4635) | (261877) |
| Galaxy Digital, Inc., Expiration: 11/07/2025; Exercise Price: $36.50 | (8903043) | (2543) | (343305) |
| GameStop Corp., Expiration: 11/07/2025; Exercise Price: $23.00 | (6731580) | (3020) | (99660) |
| Hut 8 Corp., Expiration: 11/07/2025; Exercise Price: $55.00 | (9741918) | (1923) | (515364) |
| iShares Bitcoin Trust ETF, Expiration: 11/07/2025; Exercise Price: $62.00 | (16079630) | (2581) | (396184) |
| iShares Ethereum Trust ETF, Expiration: 11/07/2025; Exercise Price: $30.00 | (9169128) | (3123) | (232664) |
| MARA Holdings, Inc., Expiration: 11/07/2025; Exercise Price: $19.00 | (11365767) | (6221) | (451022) |
| MercadoLibre, Inc., Expiration: 11/07/2025; Exercise Price: $2,450.00 | (7214506) | (31) | (25730) |
| NU Holdings Ltd./Cayman Islands, Expiration: 11/07/2025; Exercise Price: $16.00 | (9490401) | (5891) | (226803) |
| NVIDIA Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 11/07/2025; Exercise Price: $207.50 | (4616772) | (228) | (53808) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 11/07/2025; Exercise Price: $217.50 | (2126145) | (105) | (5355) |
| Opera Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 11/21/2025; Exercise Price: $16.00 | (1818916) | (1234) | (37020) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 11/21/2025; Exercise Price: $18.00 | (6969072) | (4728) | (47280) |
| PayPal Holdings, Inc., Expiration: 11/07/2025; Exercise Price: $70.00 | (6871584) | (992) | (113584) |
| Riot Platforms, Inc., Expiration: 11/07/2025; Exercise Price: $22.00 | (8740782) | (4419) | (187807) |
| Robinhood Markets, Inc., Expiration: 11/07/2025; Exercise Price: $150.00 | (13107454) | (893) | (535800) |
| Sharplink Gaming, Inc., Expiration: 11/07/2025; Exercise Price: $14.50 | (7097152) | (5128) | (174352) |
| Strategy, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 11/07/2025; Exercise Price: $270.00 | (6737750) | (250) | (218125) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 11/07/2025; Exercise Price: $282.50 | (6683848) | (248) | (94240) |
| **Total Call Options** |  |  | (6059000) |
| **Put Options - (0.2)%** | **Put Options - (0.2)%** | **Put Options - (0.2)%** | **Put Options - (0.2)%** |
| MBTX, Expiration: 12/31/2025; Exercise Price: $175.00<sup>(a)(b)</sup> | (85628400) | (3300) | (372900) |
| **TOTAL WRITTEN OPTIONS** (Premiums received $8,192,631) |  |  | $(6431900) |
| 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. | Percentages are stated as a percent of net assets. |

---

(a) Exchange-traded.

(b) 100 shares per contract.

------

---

| | | |
|:---|:---|:---|
| **YieldMax Crypto Industry and Tech Portfolio Option Income ETF** | **YieldMax Crypto Industry and Tech Portfolio Option Income ETF** | **YieldMax Crypto Industry and Tech Portfolio Option Income ETF** |
| **Schedule of Securities Sold Short** | **Schedule of Securities Sold Short** | **Schedule of Securities Sold Short** |
| **October 31, 2025 (Unaudited)** | **October 31, 2025 (Unaudited)** | **October 31, 2025 (Unaudited)** |
| **COMMON STOCKS** - **(0.0)%**<sup>(a)</sup> | **Shares** | **Value** |
| **Banks - (0.0)%<sup>(a)</sup>** | **Banks - (0.0)%<sup>(a)</sup>** | |
| NU Holdings Ltd./Cayman Islands - Class A | (100) | $(1611) |
| **TOTAL COMMON STOCKS** (Proceeds $1,519) | **TOTAL COMMON STOCKS** (Proceeds $1,519) | (1611) |
| **TOTAL SECURITIES SOLD SHORT - 0.0%** (Proceeds $1,519) |  | $(1611) |
| Percentages are stated as a percent of net assets. |  |  |

---

(a) Represents less than 0.05% of net assets.

------

#### Summary of Fair Value Disclosure as of October 31, 2025 (Unaudited)
YieldMax Crypto Industry and Tech Portfolio Option Income 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;Common Stocks | $197171363 | $– | $– | $197171363 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Purchased Options | – | 21751133 | – | 21751133 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 9169363 | – | – | 9169363 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Warrants | 2 | – | – | 2 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 4508472 | – | – | 4508472 |
| Total Investments | $210849200 | $21751133 | $– | $232600333 |
| **Liabilities:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Written Options | $– | $(6431900) | $– | $(6431900) |
| &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | (1611) | – | – | (1611) |
| Total Investments | $(1611) | $(6431900) | $– | $(6433511) |
| 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:** YieldMax Crypto Industry and Tech Portfolio Option Income ETF

- **b. EDGAR series identifier (if any):** S000089003

- **c. LEI of Series:** 254900LAR4BUUCMGHC21

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

- **a. Date of fiscal year-end:** 2026-07-31

- **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:** $234405222.50

**Total Liabilities:** $5391606.73

**Net Assets:** $229013615.77

**Cash Not Reported:** $5279086.05

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000255410 | -1.17%               | 7.91%                | 5.25%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1019252.04              | $-5327468.81                               |
| Month 2  | $1265512.22              | $25650077.38                               |
| Month 3  | $14008542.07             | $-5774485.47                               |

**Designated Index Information**

- **Index Name:** S&P CME Bitcoin Futures Index (USD) Total Return

- **Index Identifier:** SPBTCFUT

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A                            | Opera Ltd                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -1234 | NC      | $-37020.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Opera Ltd                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -4728 | NC      | $-47280.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | PayPal Holdings Inc                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -992 | NC      | $-113584.00   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | iShares Ethereum Trust ETF                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -3123 | NC      | $-232663.50   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | iShares Bitcoin Trust ETF                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -2581 | NC      | $-396183.50   | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | iShares Bitcoin Trust ETF                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      2581 | NC      | $139374.00    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Strategy Inc                   | Strategy Inc                               | CUSIP: 594972408<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EC               | CORP              | US        |     49834 | NS      | $13430761.34  | 5.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Opera Ltd                      | Opera Ltd                                  | CUSIP: 68373M107<br>LEI: 5493001ULS7KDNNZ3W51 | Long             | EC               | CORP              | NO        |    596234 | NS      | $8788489.16   | 3.84%             |  |  |  | No            |                  1 | On Loan: No      |
| PayPal Holdings Inc            | PayPal Holdings Inc                        | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |     99284 | NS      | $6877402.68   | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Riot Platforms Inc             | Riot Platforms Inc                         | CUSIP: 767292105<br>LEI: 5299005LKZAJQDQZDF73 | Long             | EC               | CORP              | US        |    441964 | NS      | $8742047.92   | 3.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets Inc          | Robinhood Markets Inc                      | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |     89393 | NS      | $13121104.54  | 5.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Sharplink Gaming Inc           | Sharplink Gaming Inc                       | CUSIP: 820014405<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    512800 | NS      | $7097152.00   | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | IBIT 12/19/2025 10.01 C                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      2581 | NC      | $13532449.88  | 5.91%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Cleanspark Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -4798 | NC      | $-26389.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Cleanspark Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      4798 | NC      | $2399.02      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Coinbase Global Inc                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -406 | NC      | $-76734.00    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Coinbase Global Inc                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       406 | NC      | $203.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Core Scientific Inc                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -4635 | NC      | $-261877.50   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Core Scientific Inc                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      4635 | NC      | $76477.50     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Galaxy Digital Inc                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -2543 | NC      | $-343305.00   | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Galaxy Digital Inc                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      2543 | NC      | $184367.50    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | GameStop Corp                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -113 | NC      | $-56.50       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | GameStop Corp                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -2907 | NC      | $-1453.51     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | GameStop Corp                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       113 | NC      | $56.50        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | GameStop Corp                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      2907 | NC      | $1453.51      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Hut 8 Corp                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -1923 | NC      | $-515364.00   | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Hut 8 Corp                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      1923 | NC      | $337486.50    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Bullish                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      1299 | NC      | $38320.51     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Cipher Mining Inc                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -4578 | NC      | $-279258.00   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Cipher Mining Inc                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      4578 | NC      | $116739.00    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Circle Internet Group Inc                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -525 | NC      | $-234937.50   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Circle Internet Group Inc                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       525 | NC      | $107100.00    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | PayPal Holdings Inc                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       992 | NC      | $23808.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BitMine Immersion Technologies | BitMine Immersion Technologies Inc         | CUSIP: 09175A206<br>LEI: 254900TGJJ1D9JNAQT27 | Long             | EC               | CORP              | US        |    136559 | NS      | $6370477.35   | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Block Inc                      | Block Inc                                  | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |    123412 | NS      | $9371907.28   | 4.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Bitdeer Technologies Group     | Bitdeer Technologies Group                 | CUSIP: N/A<br>LEI: 2549007M2KGWVJ9XFP20       | Long             | EC               | CORP              | SG        |    397241 | NS      | $8818750.20   | 3.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Cipher Mining Inc              | Cipher Mining Inc                          | CUSIP: 17253J106<br>LEI: 254900QABG5HCQZ28A17 | Long             | EC               | CORP              | US        |    457800 | NS      | $8537970.00   | 3.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Circle Internet Group Inc      | Circle Internet Group Inc                  | CUSIP: 172573107<br>LEI: 254900HFVVR6NPMQVN93 | Long             | EC               | CORP              | US        |     52542 | NS      | $6671783.16   | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleanspark Inc                 | Cleanspark Inc                             | CUSIP: 18452B209<br>LEI: 254900VO7KBRJQDGY810 | Long             | EC               | CORP              | US        |    479898 | NS      | $8542184.40   | 3.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Coinbase Global Inc            | Coinbase Global Inc                        | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Long             | EC               | CORP              | US        |     40695 | NS      | $13990127.10  | 6.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Scientific Inc            | Core Scientific Inc                        | CUSIP: 21874A106<br>LEI: 5299003RGB2LAZ65RK73 | Long             | EC               | CORP              | US        |    463551 | NS      | $9984888.54   | 4.36%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   1487585 | NS      | $1487585.00   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Galaxy Digital Inc             | Galaxy Digital Inc                         | CUSIP: 36317J209<br>LEI: 9845001C4070E5N07806 | Long             | EC               | CORP              | US        |    254384 | NS      | $8905983.84   | 3.89%             |  |  |  | No            |                  1 | On Loan: No      |
| GameStop Corp                  | GameStop Corp                              | CUSIP: 36467W109<br>LEI: 549300505KLOET039L77 | Long             | EC               | CORP              | US        |    302050 | NS      | $6732694.50   | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| GAMESTOP CORP-CLASS A          | GameStop Corp                              | CUSIP: 36467W117<br>LEI: 549300505KLOET039L77 | N/A              | DE               | CORP              | US        |         1 | NS      | $2.40         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hut 8 Corp                     | Hut 8 Corp                                 | CUSIP: 44812J104<br>LEI: 98450066FEF9C1D3FC20 | Long             | EC               | CORP              | US        |    192303 | NS      | $9742069.98   | 4.25%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Ethereum Trust ETF     | iShares Ethereum Trust ETF                 | CUSIP: 46438R105<br>LEI: 529900M7AJ6IYSU9SP67 | Long             | EC               | RF                | US        |    312308 | NS      | $9169362.88   | 4.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MARA Holdings Inc              | MARA Holdings Inc                          | CUSIP: 565788106<br>LEI: 549300M8ISKPTX2W7F94 | Long             | EC               | CORP              | US        |    622186 | NS      | $11367338.22  | 4.96%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc               | MercadoLibre Inc                           | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |      3124 | NS      | $7270360.24   | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Bullish                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -1299 | NC      | $-85734.00    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | BitMine Immersion Technologies Inc         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -1365 | NC      | $-142642.50   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | BitMine Immersion Technologies Inc         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      1365 | NC      | $47092.50     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Bitdeer Technologies Group                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -242 | NC      | $-10890.00    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Bitdeer Technologies Group                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -3730 | NC      | $-9325.02     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Bitdeer Technologies Group                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      3972 | NC      | $9930.02      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bullish                        | Bullish                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |    129900 | NS      | $6569043.00   | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Block Inc                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -1234 | NC      | $-475090.00   | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Block Inc                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      1234 | NC      | $249885.00    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp                    | NVIDIA Corp                                | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     33314 | NS      | $6745751.86   | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| NU Holdings Ltd/Cayman Islands | NU Holdings Ltd/Cayman Islands             | CUSIP: N/A<br>LEI: 5493002DG1RHWK9W2X27       | Short            | EC               | CORP              | BR        |      -100 | NS      | $-1611.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| NU Holdings Ltd/Cayman Islands | NU Holdings Ltd/Cayman Islands             | CUSIP: N/A<br>LEI: 5493002DG1RHWK9W2X27       | Long             | EC               | CORP              | BR        |    589266 | NS      | $9493075.26   | 4.15%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Robinhood Markets Inc                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -893 | NC      | $-535800.00   | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Robinhood Markets Inc                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       893 | NC      | $209855.00    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Strategy Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -248 | NC      | $-124.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Strategy Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       248 | NC      | $124.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Strategy Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -250 | NC      | $-218125.00   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Strategy Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       250 | NC      | $78750.00     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Riot Platforms Inc                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -4419 | NC      | $-2209.52     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Riot Platforms Inc                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      4419 | NC      | $2209.52      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Sharplink Gaming Inc                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -5128 | NC      | $-174352.00   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Sharplink Gaming Inc                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      5128 | NC      | $46152.00     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | iShares Ethereum Trust ETF                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      3123 | NC      | $56214.00     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MARA Holdings Inc                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -6221 | NC      | $-451022.50   | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MARA Holdings Inc                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      6221 | NC      | $227066.50    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MBTXW US 12/31/25 P175                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -3300 | NC      | $-372900.00   | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MBTXW US 12/31/25 P255                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      3300 | NC      | $5676000.00   | 2.48%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MercadoLibre Inc                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -31 | NC      | $-25730.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MercadoLibre Inc                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        31 | NC      | $17437.50     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NU Holdings Ltd/Cayman Islands             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -5891 | NC      | $-79528.50    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NU Holdings Ltd/Cayman Islands             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      5891 | NC      | $2945.53      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NVIDIA Corp                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -228 | NC      | $-53808.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NVIDIA Corp                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -105 | NC      | $-5355.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NVIDIA Corp                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       228 | NC      | $5814.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NVIDIA Corp                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       105 | NC      | $1312.50      | 0.00%             |  |  |  | No            |                  2 | 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