0001924868 2026-07-17 2026-07-17 0001924868 tfpn:S000080730Member 2026-07-17 2026-07-17 0001924868 tfpn:C000243260Member 2026-07-17 2026-07-17 iso4217:USD pure false N-1A Tidal Trust II 0001924868 497 2026-07-17 Supplement to the Summary Prospectus and Statutory Prospectus, each dated October 28, 2025 <table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1pt solid; width: 100%; font-size: 12pt"> </td></tr> </table> Effective immediately, the section of the Summary Prospectus and Statutory Prospectus titled “Fees and Expenses of the Fund” is amended and restated in its entirety as follows: 2025-10-28 Fees and Expenses of the Fund This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the Fund (“Shares”). You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the table and Example below. Annual Fund Operating Expenses(1) (expenses that you pay each year as a percentage of the value of your investment) <table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="display: none; vertical-align: bottom"> <td style="padding-left: 10pt"> </td> <td id="xdx_491_20260717__20260717__oef--ClassAxis__custom--C000243260Member_za3MhjyPmC3d" style="display: none; text-align: center"> (1)</td></tr> <tr id="xdx_407_eoef--ManagementFeesOverAssets_dpn_z0lAiZFGFpIj" style="vertical-align: bottom"> <td style="width: 85%; padding-left: 10pt">Management Fees </td> <td style="width: 15%; text-align: center">0.99%</td></tr> <tr id="xdx_401_eoef--DistributionAndService12b1FeesOverAssets_dpn_z9GOY1aHN0X6" style="vertical-align: bottom"> <td style="padding-left: 10pt">Distribution and Service (12b-1) Fees</td> <td style="text-align: center">0.00%</td></tr> <tr id="xdx_40E_eoef--OtherExpensesOverAssets_dpn_zJxuFQdzdFX7" style="vertical-align: bottom"> <td style="padding-left: 10pt">Other Expenses(2)</td> <td style="text-align: center">0.11%</td></tr> <tr id="xdx_40E_eoef--AcquiredFundFeesAndExpensesOverAssets_dpn_zSE1xHQxiVRc" style="vertical-align: bottom"> <td style="padding-left: 10pt">Acquired Fund Fees and Expenses (3)</td> <td style="border-bottom: black 1pt solid; text-align: center">0.03%</td></tr> <tr id="xdx_40D_eoef--ExpensesOverAssets_dpn_zmc1D0CVnz6" style="vertical-align: bottom"> <td>Total Annual Fund Operating Expenses(3)</td> <td style="border-bottom: black 2.25pt double; text-align: center">1.13%</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 3px"> </td> <td style="width: 30px">(1)</td> <td style="padding-top: 3pt; padding-bottom: 6pt; text-align: justify">The Fund’s investment adviser, Tidal Investments LLC (the “Adviser”) will pay, or require a sub-adviser to pay, all expenses incurred by the Fund (except for advisory fees and sub-advisory fees, as the case may be) excluding interest charges on any borrowings made for investment purposes, dividends and other expenses on securities sold short, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, accrued deferred tax liability, distribution fees and expenses paid by the Fund under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act, and litigation expenses, and other non-routine or extraordinary expenses.</td></tr> <tr style="vertical-align: top"> <td> </td> <td>(2)</td> <td style="padding-top: 3pt; padding-bottom: 6pt; text-align: justify">Other Expenses are estimated to reflect the Fund's discontinuation of short selling and its expected continued use of derivative instruments.</td></tr> <tr style="vertical-align: top"> <td> </td> <td>(3)</td> <td style="padding-top: 3pt"> Total Annual Fund Operating Expenses may not correlate to the expense ratios in the Fund’s financial highlights because the financial highlights reflect only the Fund’s operating expenses and do not include acquired fund fees and expenses, which are fees and expenses incurred indirectly by the Fund through its investments in certain underlying investment companies. </td></tr> </table> Annual Fund Operating Expenses(1) (expenses that you pay each year as a percentage of the value of your investment) 0.0099 0.0000 0.0011 0.0003 0.0113 Total Annual Fund Operating Expenses may not correlate to the expense ratios in the Fund’s financial highlights because the financial highlights reflect only the Fund’s operating expenses and do not include acquired fund fees and expenses, which are fees and expenses incurred indirectly by the Fund through its investments in certain underlying investment companies. Effectively immediately, in the section of the Summary Prospectus and Prospectus entitled “Fund Fees and Expenses,” the Expense Example table is deleted in its entirety and replaced with the following table: <div id="xdx_A8E_eoef--ExpenseExampleWithRedemptionTableTextBlock_z5F5HpnDZIka"></div> <table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; margin-left: auto; width: 80%; border-collapse: collapse; margin-right: auto"> <tr> <td id="xdx_48E_eoef--ExpenseExampleYear01_zgQbkGlP88ri" style="border-top: black 1pt solid; vertical-align: bottom; width: 25%; text-align: center">1 Year</td> <td id="xdx_48D_eoef--ExpenseExampleYear03_zbaWzAdEJ9va" style="border-top: black 1pt solid; vertical-align: bottom; width: 25%; text-align: center">3 Years</td> <td id="xdx_484_eoef--ExpenseExampleYear05_zjiCXrYdt1ed" style="border-top: black 1pt solid; vertical-align: top; width: 25%; text-align: center">5 Years</td> <td id="xdx_487_eoef--ExpenseExampleYear10_zhkrPVXZsRde" style="border-top: black 1pt solid; vertical-align: top; width: 25%; text-align: center">10 Years</td></tr> <tr id="xdx_410_20260717__20260717__oef--ClassAxis__custom--C000243260Member_zkeCsQxC4zD8"> <td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: center">$115</td> <td style="border-bottom: black 1pt solid; vertical-align: bottom; text-align: center">$359</td> <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: center">$622</td> <td style="border-bottom: black 1pt solid; vertical-align: top; text-align: center">$1,375</td></tr> </table> 115 359 622 1375 The Fund’s investment adviser, Tidal Investments LLC (the “Adviser”) will pay, or require a sub-adviser to pay, all expenses incurred by the Fund (except for advisory fees and sub-advisory fees, as the case may be) excluding interest charges on any borrowings made for investment purposes, dividends and other expenses on securities sold short, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, accrued deferred tax liability, distribution fees and expenses paid by the Fund under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act, and litigation expenses, and other non-routine or extraordinary expenses. Other Expenses are estimated to reflect the Fund's discontinuation of short selling and its expected continued use of derivative instruments. Total Annual Fund Operating Expenses may not correlate to the expense ratios in the Fund’s financial highlights because the financial highlights reflect only the Fund’s operating expenses and do not include acquired fund fees and expenses, which are fees and expenses incurred indirectly by the Fund through its investments in certain underlying investment companies.