# EDGAR Filing Document

**Accession Number:** 0001924868
**File Stem:** 0002000324-26-002693
**Filing Date:** 2026-6
**Character Count:** 17889
**Document Hash:** 11d00e3731fa51b452ddbf56745ac836
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-26-002693.hdr.sgml**: 20260625

**ACCESSION NUMBER**: 0002000324-26-002693

**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:** 261122894

**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) U.S. Stocks & Managed Futures ETF (Series ID: S000081720)

| Class ID   | Class Name                                          | Ticker Symbol   |
|:---|:---|:---|
| C000244698 | Return Stacked(R) U.S. Stocks & Managed Futures ETF | RSST            |

## Nport-Ex

**Return Stacked U.S. Stocks & Managed Futures ETF**

**Consolidated Schedule of Investments**

**April 30, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**EXCHANGE TRADED FUNDS - 75.7%** | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;State Street SPDR Portfolio S&P 500 ETF<sup>(a)</sup> | 3695064 | $312454612 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL EXCHANGE TRADED FUNDS (Cost $298,375,950)** |  | 312454612 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**SHORT-TERM INVESTMENTS - 16.5%** | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Money Market Funds - 16.5%** | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First American Government Obligations Fund - Class X, 3.58%<sup>(b)</sup> | 67974335 | 67974335 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL SHORT-TERM INVESTMENTS (Cost $67,974,335)** |  | 67974335 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL INVESTMENTS - 92.2% (Cost $366,350,285)** |  | $380428947 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Assets in Excess of Liabilities - 7.8% |  | 32144292 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL NET ASSETS - 100.0%** |  | $412573239 |
| &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 U.S. Stocks & Managed Futures ETF**

**Consolidated Schedule of Futures Contracts**

**April 30, 2026 (Unaudited)**

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

**FUTURES CONTRACTS - 3.1%**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Contracts<br> Purchased** | **Expiration Date** | **Notional Value** | **Value / Unrealized <br> Appreciation<br> (Depreciation)** |
| Australian Dollar/U.S. Dollar Cross Currency Rate | 1381 | 06/15/2026 | $99328425 | $987962 |
| Brent Crude Oil<sup>(a)</sup> | 60 | 05/29/2026 | 6624000 | 480367 |
| British Pound/U.S. Dollar Cross Currency Rate | 74 | 06/15/2026 | 6290463 | 38919 |
| Copper<sup>(a)</sup> | 122 | 07/29/2026 | 18240525 | (544329) |
| E-Mini Nasdaq 100 | 54 | 06/18/2026 | 29803680 | 1203132 |
| E-Mini S&P 500 Index | 379 | 06/18/2026 | 137269063 | 6715888 |
| Euro Stoxx 50 | 159 | 06/19/2026 | 10892455 | 254272 |
| FTSE 100 Index | 460 | 06/19/2026 | 64872676 | (576506) |
| Gold<sup>(a)</sup> | 20 | 06/26/2026 | 9259200 | 92561 |
| Low Sulfur Gas Oil<sup>(a)</sup> | 51 | 06/11/2026 | 6287025 | 780156 |
| Nikkei 225 | 80 | 06/11/2026 | 23940000 | 1254062 |
| NY Harbor Ultra-Low Sulfur Diesel<sup>(a)</sup> | 45 | 05/29/2026 | 7712901 | 997752 |
| RBOB Gasoline<sup>(a)</sup> | 70 | 05/29/2026 | 10628100 | 1372134 |
| S&P/TSX 60 Index | 135 | 06/18/2026 | 39360370 | 756665 |
| Silver<sup>(a)</sup> | 11 | 07/29/2026 | 4071540 | (88849) |
| WTI Crude Oil<sup>(a)</sup> | 87 | 05/19/2026 | 9141090 | 1212834 |
|  |  |  |  | $14937020 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Contracts<br> Sold** | **Expiration Date** | **Notional Value** | **Value / Unrealized<br> Appreciation<br> (Depreciation)** |
| Canadian Dollar/U.S. Dollar Cross Currency Rate | (192) | 06/16/2026 | $(14160000) | (147186) |
| DAX Index | (1) | 06/19/2026 | (715178) | (209) |
| Euro/U.S. Dollar Cross Currency Rate | (72) | 06/15/2026 | (10584000) | (23515) |
| German 10 Year Government Bond | (495) | 06/08/2026 | (72791385) | 59365 |
| Japanese Yen/U.S. Dollar Cross Currency Rate | (2706) | 06/15/2026 | (217021200) | (3020878) |
| Long Gilt | (155) | 06/26/2026 | (18237648) | 207107 |
| Natural Gas<sup>(a)</sup> | (116) | 05/27/2026 | (3209720) | (82502) |
| U.S. Treasury 10 Year Note | (308) | 06/18/2026 | (34062875) | 68538 |
| U.S. Treasury 2 Year Note | (1994) | 06/30/2026 | (413007250) | 586069 |
| U.S. Treasury 5 Year Note | (753) | 06/30/2026 | (81200461) | 149534 |
| U.S. Treasury Long Bond | (65) | 06/18/2026 | (7334844) | 5085 |
|  |  |  |  | (2198592) |
| **Net Unrealized Appreciation (Depreciation)** |  |  |  | $12738428 |
| Percentages are stated as a percent of net assets. |  |  |  |  |

---

(a) All or a portion of the investment
 is a holding of the Return Stacked RSST 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 U.S. Stocks & Managed Futures ETF

- **b. EDGAR series identifier (if any):** S000081720

- **c. LEI of Series:** 529900292ODQWL2U6150

**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:** $416015630.96

**Total Liabilities:** $1028769.10

**Net Assets:** $414986861.86

**Amount of Assets Invested in Other Investment Companies:** $7916799.25

**Cash Not Reported:** $41677144.15

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0 | **1-Year:** 61702.69 | **5-Year:** 43170.37 | **10-Year:** 70632.81999999999 | **30-Year:** 3900.16

**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 C000244698 | 3.73%                | -7.65%               | 12.33%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-103927.99              | $-2996406.13                               |
| Month 2  | $52736997.44             | $-66910038.95                              |
| Month 3  | $349450.56               | $28652216.88                               |

**Designated Index Information**

- **Index Name:** S&P 500 Total Return Index

- **Index Identifier:** SPTR

### 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        |  66574335 | NS      | $66574334.80  | 16.04%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | AUDUSD Crncy Fut  Jun26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |      1360 | NC      | $988312.53    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | BP CURRENCY FUT   Jun26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |        74 | NC      | $38919.22     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | BRENT CRUDE FUTR  Jul26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | GB        |        58 | NC      | $480111.66    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | C$ CURRENCY FUT   Jun26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |      -190 | NC      | $-147170.10   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | COPPER FUTURE     Jul26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |       122 | NC      | $-544329.44   | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | DAX INDEX FUTURE  Jun26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | DE        |         1 | NC      | $-2232.42     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | EURO FX CURR FUT  Jun26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |       -44 | NC      | $-23934.68    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | EURO STOXX 50     Jun26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | DE        |       162 | NC      | $258435.10    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | EURO-BUND FUTURE  Jun26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | DE        |      -448 | NC      | $58454.36     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | FTSE 100 IDX FUT  Jun26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | GB        |       494 | NC      | $-595536.39   | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | GASOLINE RBOB FUT Jun26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |        66 | NC      | $1372113.80   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | GOLD 100 OZ FUTR  Jun26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |        20 | NC      | $92560.55     | 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        |     -2605 | NC      | $-3020313.41  | -0.73%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | LONG GILT FUTURE  Jun26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |      -134 | NC      | $206620.81    | 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        |        52 | NC      | $798154.85    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | NASDAQ 100 E-MINI Jun26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        52 | NC      | $1203013.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | NATURAL GAS FUTR  Jun26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |       -86 | NC      | $-82219.45    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | NIKKEI 225  (CME) Jun26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        77 | NC      | $1255023.47   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | NY Harb ULSD Fut  Jun26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |        45 | NC      | $997751.97    | 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        |       134 | NC      | $756491.06    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | S&P500 EMINI FUT  Jun26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       373 | NC      | $6716430.74   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | SILVER FUTURE     Jul26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |        11 | NC      | $-88848.72    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | US 10YR NOTE (CBT)Jun26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      -221 | NC      | $70098.78     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | US 2YR NOTE (CBT) Jun26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |     -1777 | NC      | $585696.54    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | US 5YR NOTE (CBT) Jun26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      -672 | NC      | $149389.13    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | US LONG BOND(CBT) Jun26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       -28 | NC      | $5548.43      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | WTI CRUDE FUTURE  Jun26                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |        85 | NC      | $1212460.15   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street SPDR Portfolio S& | State Street SPDR Portfolio S&P 500 ETF    | CUSIP: 78464A854<br>LEI: 5493004K4F0RL72RIJ47 | Long             | EC               | RF                | US        |   3636085 | NS      | $307467347.60 | 74.09%            |  |  |  | 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