NPORT-P
false
0001924868
XXXXXXXX
S000078265
C000239025
Tidal Trust II
811-23793
0001924868
549300BGXECFCIZF2P89
234 West Florida Street
Suite 203
Milwaukee
53204
844-986-7700
Nicholas Fixed Income Alternative ETF
S000078265
549300VYZDTOVYWG3H64
2025-10-31
2025-10-31
N
155745982.330000000000
973451.080000000000
154772531.250000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
USD
N
ICE US Treasury 20+ Year Bond Index TRexTC
IDCOT20
N/A
N/A
SH 11/21/2025 39.01 C
N/A
-1914.000000000000
NC
USD
-25617.360000000000
-0.0165516192
N/A
DE
US
N
2
Chicago Board Options Exchange
529900RLNSGA90UPEH54
Call
Written
ProShares Short S&P500
ProShares Short S&P500
100.000000000000
39.010000000000
USD
2025-11-21
XXXX
104706.800000000000
N
N
N
First American Government Obli
549300R5MYM6VZF1RM44
First American Government Obligations Fund
31846V336
284242.440000000000
NS
USD
284242.440000000000
0.1836517357
Long
STIV
RF
US
N
1
N
N
N
TREASURY BILL
254900HROIFWPRGM1V77
United States Treasury Bill
912797PM3
30202000.000000000000
PA
USD
29863541.290000000000
19.2951171948
Long
DBT
UST
US
N
2
2026-02-19
Fixed
.000000000000
N
N
N
N
N
N
TREASURY BILL
254900HROIFWPRGM1V77
United States Treasury Bill
912797QP5
30202000.000000000000
PA
USD
30192449.220000000000
19.5076277271
Long
DBT
UST
US
N
2
2025-11-06
Fixed
.000000000000
N
N
N
N
N
N
US TREASURY N/B
254900HROIFWPRGM1V77
United States Treasury Note/Bond
91282CGE5
30202000.000000000000
PA
USD
30198784.390000000000
19.5117209405
Long
DBT
UST
US
N
2
2026-01-15
Fixed
3.875000000000
N
N
N
N
N
N
US TREASURY N/B
254900HROIFWPRGM1V77
United States Treasury Note/Bond
91282CJC6
30202000.000000000000
PA
USD
30451259.220000000000
19.6748473221
Long
DBT
UST
US
N
2
2026-10-15
Fixed
4.625000000000
N
N
N
N
N
N
US TREASURY N/B
254900HROIFWPRGM1V77
United States Treasury Note/Bond
91282CNH0
30202000.000000000000
PA
USD
30411408.290000000000
19.6490992584
Long
DBT
UST
US
N
2
2028-06-15
Fixed
3.875000000000
N
N
N
N
N
N
N/A
N/A
iShares iBoxx $ High Yield Corporate Bond ETF
N/A
6000.000000000000
NC
USD
63000.000000000000
0.0407048974
N/A
DE
US
N
2
NYSEAmerican
5493000F4ZO33MV32P92
Put
Purchased
iShares iBoxx $ High Yield Cor
iShares iBoxx $ High Yield Corporate Bond ETF
100.000000000000
75.000000000000
USD
2025-12-19
XXXX
-139360.800000000000
N
N
N
N/A
N/A
iShares iBoxx $ High Yield Corporate Bond ETF
N/A
-6000.000000000000
NC
USD
-390000.000000000000
-0.2519826980
N/A
DE
US
N
2
NYSEAmerican
5493000F4ZO33MV32P92
Put
Written
iShares iBoxx $ High Yield Cor
iShares iBoxx $ High Yield Corporate Bond ETF
100.000000000000
80.000000000000
USD
2025-12-19
XXXX
505639.200000000000
N
N
N
N/A
N/A
State Street SPDR S&P Regional Banking ETF
N/A
2750.000000000000
NC
USD
1306250.000000000000
0.8439805109
N/A
DE
US
N
2
NYSEAmerican
5493000F4ZO33MV32P92
Call
Purchased
State Street SPDR S&P Regional
State Street SPDR S&P Regional Banking ETF
100.000000000000
56.000000000000
USD
2025-11-21
XXXX
-452018.600000000000
N
N
N
N/A
N/A
State Street SPDR S&P Regional Banking ETF
N/A
-2750.000000000000
NC
USD
-55000.000000000000
-0.0355360215
N/A
DE
US
N
2
NYSEAmerican
5493000F4ZO33MV32P92
Call
Written
State Street SPDR S&P Regional
State Street SPDR S&P Regional Banking ETF
100.000000000000
66.000000000000
USD
2025-11-21
XXXX
188731.400000000000
N
N
N
N/A
N/A
ProShares Short S&P500
N/A
1914.000000000000
NC
USD
545490.000000000000
0.3524462614
N/A
DE
US
N
2
CHICAGO
529900RLNSGA90UPEH54
Put
Purchased
ProShares Short S&P500
ProShares Short S&P500
100.000000000000
39.000000000000
USD
2025-11-21
XXXX
206029.160000000000
N
N
N
N/A
N/A
SPX US 12/19/25 C6300
N/A
25.000000000000
NC
USD
1517125.000000000000
0.9802288479
N/A
DE
US
N
2
Cboe Options Exchange
529900RLNSGA90UPEH54
Call
Purchased
S&P 500 INDEX
US78378X1072
100.000000000000
6300.000000000000
USD
2025-12-19
XXXX
882106.830000000000
N
N
N
N/A
N/A
SPXW US 11/21/25 C6500
N/A
-10.000000000000
NC
USD
-374250.000000000000
-0.2418064737
N/A
DE
US
N
2
Cboe Options Exchange
529900RLNSGA90UPEH54
Call
Written
S&P 500 INDEX
US78378X1072
100.000000000000
6500.000000000000
USD
2025-11-21
XXXX
-182253.740000000000
N
N
N
N/A
N/A
SPXW US 11/21/25 P6500
N/A
10.000000000000
NC
USD
21850.000000000000
0.0141174922
N/A
DE
US
N
2
Cboe Options Exchange
529900RLNSGA90UPEH54
Put
Purchased
S&P 500 INDEX
US78378X1072
100.000000000000
6500.000000000000
USD
2025-11-21
XXXX
-120853.740000000000
N
N
N
2025-12-30
Tidal Trust II
/s/ Aaron Perkovich
Aaron Perkovich
Treasurer/Principal Financial Officer