0001924868 2025-09-01 2026-02-28 0001924868 time:C000249889Member 2025-09-01 2026-02-28 0001924868 time:C000249889Member 2026-02-28 0001924868 time:C000249889Member us-gaap:TechnologySectorMember 2026-02-28 0001924868 time:C000249889Member oef:CommunicationsSectorMember 2026-02-28 0001924868 time:C000249889Member time:ConsumerCyclicalSectorMember 2026-02-28 0001924868 time:C000249889Member us-gaap:ExchangeTradedFundsMember 2026-02-28 0001924868 time:C000249889Member us-gaap:CashEquivalentsMember 2026-02-28 0001924868 time:C000249889Member time:BasicMaterialsSectorMember 2026-02-28 0001924868 time:C000249889Member oef:IndustrialSectorMember 2026-02-28 0001924868 time:C000249889Member time:FinancialSectorMember 2026-02-28 0001924868 time:C000249889Member time:ConsumerNoncyclicalSectorMember 2026-02-28 0001924868 time:C000249889Member oef:UtilitiesSectorMember 2026-02-28 0001924868 time:C000249889Member us-gaap:EnergySectorMember 2026-02-28 0001924868 time:C000249889Member time:AppleIncMember 2026-02-28 0001924868 time:C000249889Member time:AlphabetIncClassAMember 2026-02-28 0001924868 time:C000249889Member time:NvidiaCorpMember 2026-02-28 0001924868 time:C000249889Member time:MicrosoftCorpMember 2026-02-28 0001924868 time:C000249889Member time:AmazoncomIncMember 2026-02-28 0001924868 time:C000249889Member time:MicronTechnologyIncMember 2026-02-28 0001924868 time:C000249889Member time:ProSharesUltraProShortSAndP500Member 2026-02-28 0001924868 time:C000249889Member time:ProSharesUltraProShortQQQMember 2026-02-28 0001924868 time:C000249889Member time:BroadcomIncMember 2026-02-28 0001924868 time:C000249889Member time:TeslaIncMember 2026-02-28 iso4217:USD pure time:Holdings false N-1A 0001924868 N-CSRS Tidal Trust II 2026-02-28 semi-annual shareholder report Clockwise U.S. Core Equity ETF TIME NYSEArca This <span id="xdx_908_eoef--ShareholderReportAnnualOrSemiAnnual_c20250901__20260228__oef--ClassAxis__custom--C000249889Member_zb7QvR40jDAd">semi-annual shareholder report</span> contains important information about the Clockwise U.S. Core Equity ETF (the "Fund") for the period September 1, 2025 to February 28, 2026. semi-annual shareholder report You can find additional information about the Fund at <span id="xdx_90E_eoef--AddlInfoWebsite_c20250901__20260228__oef--ClassAxis__custom--C000249889Member_zVBEM7TNbO4b">www.clockwisefunds.com</span>. You can also request this information by contacting us at <span id="xdx_909_eoef--AddlInfoPhoneNumber_c20250901__20260228__oef--ClassAxis__custom--C000249889Member_zX8MlZhmfCg1">866‑864‑3968</span> or by writing the Fund at Clockwise U.S. Core Equity ETF, c/o U.S. Bank Global Fund Services, P.O. Box 701, Milwaukee, Wisconsin 53201-0701. www.clockwisefunds.com 866‑864‑3968 <p id="xdx_807_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000249889Member_zAx3gwhLe3d1" style="font: bold 11pt/normal Gotham Narrow-Bold,Arial,Arial; margin: -5pt 0 6pt; text-align-last: auto; display: block; min-height: 36px; align-content: center; box-sizing: border-box; color: #231f20; text-indent: 0">What were the Fund costs for the past six months?<br/><span style="box-sizing: border-box; font-family: Gotham Narrow-Light,Arial; font-weight: normal"><span style="box-sizing: border-box; font-size: 9pt">(based on a hypothetical $10,000 investment)</span></span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Name</span></div></th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div id="xdx_98A_eoef--FundName_c20250901__20260228__oef--ClassAxis__custom--C000249889Member_zL4e0lnRA2D6" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Clockwise U.S. Core Equity ETF</span></div></td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div id="xdx_98B_eoef--ExpensesPaidAmt_c20250901__20260228__oef--ClassAxis__custom--C000249889Member_zxC6IYZ6jhsj" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$47</span></div></td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div id="xdx_98C_eoef--ExpenseRatioPct_dp_c20250901__20260228__oef--ClassAxis__custom--C000249889Member_fKg_____zLSaKYtHMgq5" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.94%*</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #4f4f4f; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F08_zsyNwfDCzLsl" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F19_zlEfMwsgruDa" style="text-align: justify">Costs paid as a percentage of $10,000 is an annualized figure.</td> </tr></table> <p style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; margin: -10pt 0 4pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Clockwise U.S. Core Equity ETF 47 0.0094 <p id="xdx_806_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000249889Member_zEaHdDTHnRB7" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #231f20; text-indent: 0">Key Fund Statistics</p> <p style="font: normal 10pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 17px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt">(as of </span><span style="box-sizing: border-box; font-size: 9pt">February 28, 2026</span><span style="box-sizing: border-box; font-size: 9pt">)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Size (Thousands)</span></div></td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div id="xdx_985_eus-gaap--AssetsNet_iI_pn3n3_c20260228__oef--ClassAxis__custom--C000249889Member_zaJK4wSD0rKe" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$10,276</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Holdings</span></div></td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div id="xdx_980_eoef--HoldingsCount_iI_uHoldings_c20260228__oef--ClassAxis__custom--C000249889Member_zJbn7gAVTkG8" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">35</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Total Advisory Fee Paid</span></div></td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div id="xdx_98C_eoef--AdvisoryFeesPaidAmt_c20250901__20260228__oef--ClassAxis__custom--C000249889Member_zXQfxvu2Gr66" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$76,331</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Portfolio Turnover</span></div></td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div id="xdx_988_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20250901__20260228__oef--ClassAxis__custom--C000249889Member_zSY3cvQD8RSe" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">524%</span></div></td></tr> </table></div></div></div> <p style="font: normal 10pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> 10276000 35 76331 5.24 <div id="xdx_801_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000249889Member_zISl1Cc0Hqxe" style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: bold 13pt/13pt Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 36.65px; align-content: center; box-sizing: border-box; color: #231f20; text-indent: 0">Sector/Security Type - Investments<br/><span style="box-sizing: border-box; font-family: Gotham Narrow-Light,Arial; font-weight: normal"><span style="box-sizing: border-box; font-size: 9pt">(% of Total Net Assets)</span></span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; display: flex; justify-content: center"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">sector</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Technology</div></td> <td style="box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_c20260228__oef--ClassAxis__custom--C000249889Member__oef--IndustrySectorAxis__us-gaap--TechnologySectorMember_zkXu1g5cfote" style="box-sizing: border-box; text-align-last: auto">34.7%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communications</div></td> <td style="box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_c20260228__oef--ClassAxis__custom--C000249889Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_z1ptQcSaPbLc" style="box-sizing: border-box; text-align-last: auto">20.3%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer, Cyclical</div></td> <td style="box-sizing: border-box"> <div id="xdx_98F_eoef--PctOfNav_iI_c20260228__oef--ClassAxis__custom--C000249889Member__oef--IndustrySectorAxis__custom--ConsumerCyclicalSectorMember_zPFUfN5NcP96" style="box-sizing: border-box; text-align-last: auto">9.8%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Exchange Traded Funds</div></td> <td style="box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_c20260228__oef--ClassAxis__custom--C000249889Member__oef--IndustrySectorAxis__us-gaap--ExchangeTradedFundsMember_zQ7nCqDIcIR1" style="box-sizing: border-box; text-align-last: auto">9.5%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Cash Equivalents</div></td> <td style="box-sizing: border-box"> <div id="xdx_98A_eoef--PctOfNav_iI_c20260228__oef--ClassAxis__custom--C000249889Member__oef--IndustrySectorAxis__us-gaap--CashEquivalentsMember_zBujYI8EKtNc" style="box-sizing: border-box; text-align-last: auto">-0.4%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Basic Materials</div></td> <td style="box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_c20260228__oef--ClassAxis__custom--C000249889Member__oef--IndustrySectorAxis__custom--BasicMaterialsSectorMember_zUWiBIEyD9Te" style="box-sizing: border-box; text-align-last: auto">8.9%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrial</div></td> <td style="box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_c20260228__oef--ClassAxis__custom--C000249889Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zQlf2KrM9kDc" style="box-sizing: border-box; text-align-last: auto">6.4%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financial</div></td> <td style="box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_c20260228__oef--ClassAxis__custom--C000249889Member__oef--IndustrySectorAxis__custom--FinancialSectorMember_zvvkaEunydF8" style="box-sizing: border-box; text-align-last: auto">4.3%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer, Non-cyclical</div></td> <td style="box-sizing: border-box"> <div id="xdx_98F_eoef--PctOfNav_iI_c20260228__oef--ClassAxis__custom--C000249889Member__oef--IndustrySectorAxis__custom--ConsumerNoncyclicalSectorMember_zFgN4rDIwUHe" style="box-sizing: border-box; text-align-last: auto">3.1%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Utilities</div></td> <td style="box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_c20260228__oef--ClassAxis__custom--C000249889Member__oef--IndustrySectorAxis__oef--UtilitiesSectorMember_zOlp3Cd5JYr8" style="box-sizing: border-box; text-align-last: auto">2.2%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div></td> <td style="box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_c20260228__oef--ClassAxis__custom--C000249889Member__oef--IndustrySectorAxis__us-gaap--EnergySectorMember_zmFiQcW4IPG8" style="box-sizing: border-box; text-align-last: auto">1.2%</div></td></tr> </table></div></div><img alt="bar" src="qes1w1mo1fbx2m.jpg" style="box-sizing: border-box; width: 240pt; height: auto"/></div></div> <p style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; margin: -16pt 27pt 8pt 0; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-indent: 0; text-align: right"> </p> <p style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 26px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-indent: 0; text-align: justify">Percentages are stated as a percent of net assets. Cash Equivalents represents short-term investments and liabilities in excess of other assets.</p></div> 0.347 0.203 0.098 0.095 -0.004 0.089 0.064 0.043 0.031 0.022 0.012 <div id="xdx_80F_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000249889Member_zcoL9DfIrkkd" style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: bold 18pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 29px; align-content: center; box-sizing: border-box; color: #231f20; text-indent: 0">What did the Fund invest in?</p> <p style="font: normal 10pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0 0 8pt; text-align-last: auto; display: block; min-height: 17px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt">(as of </span><span style="box-sizing: border-box; font-size: 9pt">February 28, 2026</span><span style="box-sizing: border-box; font-size: 9pt">)</span></p></div> <div style="font: normal 10pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 8pt; margin-block: 1em; margin-inline: 0px; box-sizing: border-box; text-align-last: auto; display: block; padding-top: 0; color: #4f4f4f; text-align: left; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box"> <div style="font: bold 13pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Top Holdings</span></div></th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box"> <div style="font: bold 13pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">(% of Net Assets)</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Apple, Inc.</span></div></td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_dp_c20260228__oef--ClassAxis__custom--C000249889Member__oef--LargestHoldingAxis__custom--AppleIncMember_znuFONR5xah3" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">8.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Alphabet, Inc. - Class A</span></div></td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260228__oef--ClassAxis__custom--C000249889Member__oef--LargestHoldingAxis__custom--AlphabetIncClassAMember_zXZuGuQKnAqe" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.9</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">NVIDIA Corp.</span></div></td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260228__oef--ClassAxis__custom--C000249889Member__oef--LargestHoldingAxis__custom--NvidiaCorpMember_zFx9ve26mtx7" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Microsoft Corp.</span></div></td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div id="xdx_98F_eoef--PctOfNav_iI_dp_c20260228__oef--ClassAxis__custom--C000249889Member__oef--LargestHoldingAxis__custom--MicrosoftCorpMember_zDAk0fMXk5P5" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.1</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Amazon.com, Inc.</span></div></td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260228__oef--ClassAxis__custom--C000249889Member__oef--LargestHoldingAxis__custom--AmazoncomIncMember_zFQde41ZGbrh" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">5.0</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Micron Technology, Inc.</span></div></td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260228__oef--ClassAxis__custom--C000249889Member__oef--LargestHoldingAxis__custom--MicronTechnologyIncMember_zeMIJO9Q8sKg" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.5</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">ProShares UltraPro Short</span></div> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">S&amp;P 500</span></div></td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_dp_c20260228__oef--ClassAxis__custom--C000249889Member__oef--LargestHoldingAxis__custom--ProSharesUltraProShortSAndP500Member_zJCmol54faQ9" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.4</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">ProShares UltraPro Short QQQ</span></div></td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div id="xdx_989_eoef--PctOfNav_iI_dp_c20260228__oef--ClassAxis__custom--C000249889Member__oef--LargestHoldingAxis__custom--ProSharesUltraProShortQQQMember_zKR0F1QTyu4l" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">4.1</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Broadcom, Inc.</span></div></td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260228__oef--ClassAxis__custom--C000249889Member__oef--LargestHoldingAxis__custom--BroadcomIncMember_zzVevyqgJcd6" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.6</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Tesla, Inc.</span></div></td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260228__oef--ClassAxis__custom--C000249889Member__oef--LargestHoldingAxis__custom--TeslaIncMember_z1Ju69f5qPo6" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3.6</span></div></td></tr> </table></div></div> 0.085 0.069 0.064 0.051 0.050 0.045 0.044 0.041 0.036 0.036 <p id="xdx_80D_eoef--MaterialFundChngTextBlock_hoef--ClassAxis__custom--C000249889Member_dU_zR43xHOecNGj" style="font: bold 10pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 17px; align-content: center; box-sizing: border-box; color: #231f20; text-indent: 0"><b style="box-sizing: border-box">Material Fund Changes</b></p> <p style="font: normal 10pt/11pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 14.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0">Effective <span id="xdx_904_eoef--MaterialChngDate_c20250901__20260228__oef--ClassAxis__custom--C000249889Member_zMO9pq9ko5P4">December 29, 2025</span>:</p> <p style="font: normal 10pt/11pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt 7pt; text-align-last: auto; display: block; min-height: 14.67px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: -7pt">• <span id="xdx_90E_eoef--MaterialFundChngNameTextBlock_c20250901__20260228__oef--ClassAxis__custom--C000249889Member_zt21eZDeaCUb">The Fund changed its name from Clockwise Core Equity &amp; Innovation ETF to Clockwise U.S. Core Equity ETF.</span></p> <p style="font: normal 10pt/11pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 8pt 7pt; text-align-last: auto; display: block; min-height: 29.34px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: -7pt">• <span id="xdx_907_eoef--MaterialFundChngStrategiesTextBlock_c20250901__20260228__oef--ClassAxis__custom--C000249889Member_zuKWNN0Mg42e">The Fund's 80% policy was revised to specify investment in and/or exposure to U.S. based companies and related securities, including options.</span></p> 2025-12-29 The Fund changed its name from Clockwise Core Equity &amp; Innovation ETF to Clockwise U.S. Core Equity ETF. The Fund's 80% policy was revised to specify investment in and/or exposure to U.S. based companies and related securities, including options. Costs paid as a percentage of $10,000 is an annualized figure.