0001924868 2026-01-01 2026-06-30 0001924868 fitz:C000274120Member 2026-01-01 2026-06-30 0001924868 fitz:C000274120Member 2026-06-30 0001924868 fitz:C000274120Member us-gaap:TechnologySectorMember 2026-06-30 0001924868 fitz:C000274120Member oef:IndustrialSectorMember 2026-06-30 0001924868 fitz:C000274120Member us-gaap:HealthcareSectorMember 2026-06-30 0001924868 fitz:C000274120Member us-gaap:EnergySectorMember 2026-06-30 0001924868 fitz:C000274120Member oef:ConsumerStaplesSectorMember 2026-06-30 0001924868 fitz:C000274120Member oef:ConsumerDiscretionarySectorMember 2026-06-30 0001924868 fitz:C000274120Member fitz:FinancialsSectorMember 2026-06-30 0001924868 fitz:C000274120Member us-gaap:RealEstateSectorMember 2026-06-30 0001924868 fitz:C000274120Member oef:CommunicationsSectorMember 2026-06-30 0001924868 fitz:C000274120Member fitz:CashAndCashEquivalentsSectorMember 2026-06-30 0001924868 fitz:C000274120Member fitz:JPMorganChaseandCoMember 2026-06-30 0001924868 fitz:C000274120Member fitz:NVIDIACorpMember 2026-06-30 0001924868 fitz:C000274120Member fitz:AdvancedMicroDevicesIncMember 2026-06-30 0001924868 fitz:C000274120Member fitz:TeslaIncMember 2026-06-30 0001924868 fitz:C000274120Member fitz:AppleIncMember 2026-06-30 0001924868 fitz:C000274120Member fitz:CrowdStrikeHoldingsIncClassAMember 2026-06-30 0001924868 fitz:C000274120Member fitz:EliLillyandCoMember 2026-06-30 0001924868 fitz:C000274120Member fitz:PalantirTechnologiesIncClassAMember 2026-06-30 0001924868 fitz:C000274120Member fitz:RTXCorpMember 2026-06-30 0001924868 fitz:C000274120Member fitz:AbbVieIncMember 2026-06-30 iso4217:USD pure fitz:Holdings false N-1A 0001924868 N-CSRS semi-annual shareholder report Tidal Trust II 2026-06-30 semi-annual shareholder report Fitz-Gerald Must Have Portfolio ETF FITZ NYSEArca This <span id="xdx_90A_eoef--ShareholderReportAnnualOrSemiAnnual_dxL_c20260101__20260630__oef--ClassAxis__custom--C000274120Member_zVG4rUjGKKpf" title="::XDX::semi-annual%20shareholder%20report"><span style="-sec-ix-hidden: xdx2ixbrl0020">semi- shareholder report</span></span> contains important information about the Fitz-Gerald Must Have Portfolio ETF (the "Fund") for the period January 1, 2026 to June 30, 2026. You can find additional information about the Fund at <span id="xdx_904_eoef--AddlInfoWebsite_c20260101__20260630__oef--ClassAxis__custom--C000274120Member_zq3PvuLE0qqg">www.nicholasx.com/fitz/</span>. You can also request this information by contacting us at <span id="xdx_907_eoef--AddlInfoPhoneNumber_c20260101__20260630__oef--ClassAxis__custom--C000274120Member_zmgVlEBpbbG5">(855) 563-6900</span> or by writing to the Fitz-Gerald Must Have Portfolio ETF c/o U.S. Bank Global Fund Services, P.O. Box 701, Milwaukee, Wisconsin 53201-0701. www.nicholasx.com/fitz/ (855) 563-6900 <p id="xdx_80E_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000274120Member_zjrwsuD820Yk" style="font: 700 11pt/1.4 Gotham Narrow-Bold,Arial; margin: -5pt 0 0; text-align-last: auto; display: block; min-height: 20.52px; align-content: center; line-height: 20.53px; box-sizing: border-box; color: #231f20; text-indent: 0">What were the Fund costs for the past six months?</p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: -3pt 0 6pt; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">(based on a hypothetical $10,000 investment)</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; line-height: normal"> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,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; font-weight: bold">Fund Name</span> </div> </th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,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; font-weight: bold">Costs of a $10,000 investment</span> </div> </th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,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; font-weight: bold">Costs paid as a percentage of a $10,000 investment**</span> </div> </th> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 9pt Gotham Narrow-Light,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; font-weight: normal"><span id="xdx_90B_eoef--ClassName_c20260101__20260630__oef--ClassAxis__custom--C000274120Member_zm1zuyrmgI7">Fitz-Gerald Must Have Portfolio ETF</span></span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_989_eoef--ExpensesPaidAmt_c20260101__20260630__oef--ClassAxis__custom--C000274120Member_fKg_____zZ6jrXvbEN14" style="font: 9pt Gotham Narrow-Light,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; font-weight: normal">$7*</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_986_eoef--ExpenseRatioPct_dp_c20260101__20260630__oef--ClassAxis__custom--C000274120Member_fKio___zjM9oLAJK18h" style="font: 9pt Gotham Narrow-Light,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; font-weight: normal">0.75%</span> </div> </td> </tr> </table> </div> </div> </div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/1.4 Gotham Narrow-Light,Arial; color: #4f4f4f; margin-top: 0; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F06_zcuSuXoHrNAh" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F1E_zUrBOCBnh90l" style="text-align: justify">The Fund commenced operations on May 27, 2026. Expenses for a full reporting period would be higher than the figures shown.</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/1.4 Gotham Narrow-Light,Arial; color: #4f4f4f; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F08_zpBERllDCqO6" style="width: 15pt; text-align: right">**</td><td style="width: 5pt"></td><td id="xdx_F14_ze3QGqtDI6a2" style="text-align: justify">Costs paid as a percentage of a $10,000 investment is an annualized figure.</td> </tr></table> <p style="font: 8pt/1.4 Gotham Narrow-Light,Arial; margin: -10pt 0 4pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> Fitz-Gerald Must Have Portfolio ETF 7 0.0075 <p id="xdx_804_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000274120Member_zpM4FcyPb9U6" style="font: 700 13pt/1.4 Gotham Narrow-Bold,Arial; margin: 8pt 0 0; text-align-last: auto; display: block; min-height: 24.26px; align-content: center; line-height: 24.26px; box-sizing: border-box; color: #231f20; text-indent: 0">Key Fund Statistics</p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: -3pt 0 2pt; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">(as of </span><span style="box-sizing: border-box; font-size: 9pt"><span style="box-sizing: border-box; font-weight: normal">June 30, 2026</span> </span><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">)</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; line-height: normal"> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,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; font-weight: bold">Fund Size (Thousands)</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_983_eus-gaap--AssetsNet_iE_pn3n3_c20260101__20260630__oef--ClassAxis__custom--C000274120Member_zVLAGODqRqt6" style="font: 9pt Gotham Narrow-Light,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; font-weight: normal">$77,923</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,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; font-weight: bold">Number of Holdings</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_986_eoef--HoldingsCount_iI_uHoldings_c20260630__oef--ClassAxis__custom--C000274120Member_zsZzUi2vg7ih" style="font: 9pt Gotham Narrow-Light,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; font-weight: normal">31</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,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; font-weight: bold">Total Advisory Fee Paid</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_988_eoef--AdvisoryFeesPaidAmt_c20260101__20260630__oef--ClassAxis__custom--C000274120Member_zeqHSFERhAo2" style="font: 9pt Gotham Narrow-Light,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; font-weight: normal">$38,594</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,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; font-weight: bold">Portfolio Turnover Rate*</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98F_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20260101__20260630__oef--ClassAxis__custom--C000274120Member_fKg_____zNqvrLN5KCu4" style="font: 9pt Gotham Narrow-Light,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; font-weight: normal">1%</span> </div> </td> </tr> </table> </div> </div> </div> <table cellpadding="0" cellspacing="0" style="font: 8pt/1.4 Gotham Narrow-Light,Arial; color: #4f4f4f; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 15pt; text-align: right"><span id="xdx_F05_zbewGCEhfJX4" style="font-weight: normal">*</span></td><td style="width: 5pt"></td><td style="text-align: justify"><span id="xdx_F15_zbYDWJeEVNre" style="font-weight: normal">Not annualized for periods less than one year.</span></td> </tr></table> <p style="font: 700 13pt/13pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; display: block; color: #231f20; text-indent: 0"> </p> 77923000 31 38594 0.01 <p id="xdx_806_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000274120Member_zmpjRgXUTYii" style="font: 700 13pt/13pt Gotham Narrow-Bold,Arial; margin: -8pt 0 1pt; text-align-last: auto; display: block; min-height: 17.33px; align-content: center; box-sizing: border-box; color: #231f20; text-indent: 0">Sector Breakdown</p> <p style="font: 10pt/13pt Gotham Narrow-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 17.95px; align-content: center; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">(% of Net Assets)</span> </p> <div style="box-sizing: border-box; text-align-last: auto"> <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; font-weight: normal">sector</div> </td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">%</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; font-weight: normal">Technology</div> </td> <td style="box-sizing: border-box"> <div id="xdx_98A_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000274120Member__oef--IndustrySectorAxis__us-gaap--TechnologySectorMember_z7sFertzl17f" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.358</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; font-weight: normal">Industrials</div> </td> <td style="box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000274120Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zFyJZIQ7gDc" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.164</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; font-weight: normal">Health Care</div> </td> <td style="box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000274120Member__oef--IndustrySectorAxis__us-gaap--HealthcareSectorMember_znwQmBU0dN32" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.12</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; font-weight: normal">Energy</div> </td> <td style="box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000274120Member__oef--IndustrySectorAxis__us-gaap--EnergySectorMember_zsJm9f3WMXYc" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.08</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; font-weight: normal">Consumer Staples</div> </td> <td style="box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000274120Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zj2SPfsUzCC8" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.072</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; font-weight: normal">Consumer Discretionary</div> </td> <td style="box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000274120Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zAwAQVqDrjl5" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.069</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; font-weight: normal">Financials</div> </td> <td style="box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000274120Member__oef--IndustrySectorAxis__custom--FinancialsSectorMember_z8IunpuNCWDk" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.055</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; font-weight: normal">Real Estate</div> </td> <td style="box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000274120Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zglSHR6mZPfd" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.035</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; font-weight: normal">Communications</div> </td> <td style="box-sizing: border-box"> <div id="xdx_98F_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000274120Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zVZLxfyeW1Je" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.037</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; font-weight: normal">Cash &amp; Cash Equivalents</div> </td> <td style="box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000274120Member__oef--IndustrySectorAxis__custom--CashAndCashEquivalentsSectorMember_zRKPq9wrsfda" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.01</div> </td> </tr> </table> </div> </div><img alt="bar" src="qes7pinp11mt921du1.jpg" style="box-sizing: border-box; width: 240pt; height: auto"/> </div> </div> </div> <p style="font: 8pt/1.4 Gotham Narrow-Light,Arial; margin: 0; text-align-last: auto; display: block; min-height: 29.84px; align-content: center; line-height: 14.93px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-weight: normal">Percentages are based on net assets. Cash &amp; Cash Equivalents represents cash, short-term investments and other assets in excess of liabilities.</span> </p> 0.358 0.164 0.12 0.08 0.072 0.069 0.055 0.035 0.037 0.01 <div id="xdx_80A_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000274120Member_zf7CrQ3W9Vr6" style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 700 18pt/1.4 Gotham Narrow-Bold,Arial; margin: 4pt 0 0; text-align-last: auto; display: block; min-height: 33.6px; align-content: center; line-height: 33.6px; box-sizing: border-box; color: #231f20; text-indent: 0">What did the Fund invest in?</p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: -4pt 0 8pt; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">(as of </span><span style="box-sizing: border-box; font-size: 9pt"><span style="box-sizing: border-box; font-weight: normal">June 30, 2026</span> </span><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">)</span> </p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt"></span> </p> </div> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: -24pt 0 8pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: 10pt Gotham Narrow-Light,Arial; margin: 0 0 8pt; box-sizing: border-box; text-align-last: auto; 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: auto; border-collapse: collapse; line-height: normal"> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 13pt Gotham Narrow-Bold,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; font-weight: bold">Top Holdings</span> </div> </th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 13pt Gotham Narrow-Bold,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; font-weight: bold">(% of Net Assets)</span> </div> </th> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,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; font-weight: bold">JPMorgan Chase &amp; Co.</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000274120Member__oef--LargestHoldingAxis__custom--JPMorganChaseandCoMember_zi6Uw6s8fnMd" style="font: 9pt Gotham Narrow-Light,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; font-weight: normal">5.5%</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,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; font-weight: bold">NVIDIA Corp.</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000274120Member__oef--LargestHoldingAxis__custom--NVIDIACorpMember_zl9ym0utjsI" style="font: 9pt Gotham Narrow-Light,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; font-weight: normal">5.3%</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,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; font-weight: bold">Advanced Micro Devices, Inc.</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98F_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000274120Member__oef--LargestHoldingAxis__custom--AdvancedMicroDevicesIncMember_zdM9Fc6XuBCc" style="font: 9pt Gotham Narrow-Light,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; font-weight: normal">5.2%</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,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; font-weight: bold">Tesla, Inc.</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_987_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000274120Member__oef--LargestHoldingAxis__custom--TeslaIncMember_zKEezl7IXJkj" style="font: 9pt Gotham Narrow-Light,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; font-weight: normal">5.0%</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,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; font-weight: bold">Apple, Inc.</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000274120Member__oef--LargestHoldingAxis__custom--AppleIncMember_zNgzMD7mfTzk" style="font: 9pt Gotham Narrow-Light,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; font-weight: normal">4.9%</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,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; font-weight: bold">CrowdStrike Holdings, Inc. - Class A</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98F_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000274120Member__oef--LargestHoldingAxis__custom--CrowdStrikeHoldingsIncClassAMember_zDefOkmmhQR2" style="font: 9pt Gotham Narrow-Light,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; font-weight: normal">4.7%</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,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; font-weight: bold">Eli Lilly &amp; Co.</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000274120Member__oef--LargestHoldingAxis__custom--EliLillyandCoMember_zvUlvh908pP3" style="font: 9pt Gotham Narrow-Light,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; font-weight: normal">4.4%</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,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; font-weight: bold">Palantir Technologies, Inc. - Class A</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_982_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000274120Member__oef--LargestHoldingAxis__custom--PalantirTechnologiesIncClassAMember_z8m40112bsGa" style="font: 9pt Gotham Narrow-Light,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; font-weight: normal">4.4%</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,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; font-weight: bold">RTX Corp.</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_984_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000274120Member__oef--LargestHoldingAxis__custom--RTXCorpMember_zFb1OWBIHiJ2" style="font: 9pt Gotham Narrow-Light,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; font-weight: normal">4.4%</span> </div> </td> </tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,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; font-weight: bold">AbbVie, Inc.</span> </div> </td> <td style="border-bottom: #4f4f4f 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_982_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000274120Member__oef--LargestHoldingAxis__custom--AbbVieIncMember_zpSAoKD4IyJc" style="font: 9pt Gotham Narrow-Light,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; font-weight: normal">4.2%</span> </div> </td> </tr> </table> </div> </div> </div> <p style="font: 8pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 4pt; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; text-indent: 0"> </p> </div> 0.055 0.053 0.052 0.050 0.049 0.047 0.044 0.044 0.044 0.042 The Fund commenced operations on May 27, 2026. Expenses for a full reporting period would be higher than the figures shown. Costs paid as a percentage of a $10,000 investment is an annualized figure. Not annualized for periods less than one year.