YieldMax RBLX Option Income Strategy ETF
Schedule of Investments
July 31, 2026 (Unaudited)
| PURCHASED OPTIONS - 2.8%(a)(b)(c)(d) | Notional Amount | Contracts | Value | |||||||||
| Call Options - 2.8% | ||||||||||||
| ROBLOX Corp., Expiration: 8/7/2026; Exercise Price: $39.00 | $ | 2,445,720 | 687 | $ | 31,602 | |||||||
| ROBLOX Corp., Expiration: 8/21/2026; Exercise Price: $43.01 | 2,445,720 | 687 | 36,061 | |||||||||
| 67,663 | ||||||||||||
| TOTAL PURCHASED OPTIONS (Cost $517,846) | 67,663 | |||||||||||
| SHORT-TERM INVESTMENTS - 104.2% | ||||||||||||
| Money Market Funds - 53.9% | Shares | Value | ||||||||||
| First American Government Obligations Fund - Class X, 3.58%(e) | 1,299,598 | 1,299,598 | ||||||||||
| U.S. Treasury Bills - 50.3% | Principal Amount | Value | ||||||||||
| U.S. Treasury Bill, 8/6/2026, 1.82%(f)(g) | $ | 165,000 | 164,951 | |||||||||
| U.S. Treasury Bill, 9/3/2026, 3.35%(f)(g) | 1,054,000 | 1,050,723 | ||||||||||
| 1,215,674 | ||||||||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost $2,515,047) | 2,515,272 | |||||||||||
| TOTAL INVESTMENTS - 107.0% (Cost $3,032,893) | $ | 2,582,935 | ||||||||||
| Liabilities in Excess of Other Assets - (7.0)% | (169,910 | ) | ||||||||||
| TOTAL NET ASSETS - 100.0% | $ | 2,413,025 | ||||||||||
| Percentages are stated as a percent of net assets. | ||||||||||||
| (a) | Exchange-traded. |
| (b) | 100 shares per contract. |
| (c) | Held in connection with written option contracts. See Schedule of Written Options Contracts for further information. |
| (d) | Non-income producing security. |
| (e) | The rate shown represents the 7-day annualized effective yield as of July 31, 2026. |
| (f) | The rate shown is the annualized effective yield as of July 31, 2026. |
| (g) | All or a portion of this security has been pledged as collateral for written options contracts. The fair value of securities committed as collateral as of July 31, 2026 is $1,215,651. |
YieldMax RBLX Option Income Strategy ETF
Schedule of Written Options Contracts
July 31, 2026 (Unaudited)
| WRITTEN OPTIONS - (26.2)%(a)(b) | Notional Amount | Contracts | Value | |||||||||
| Call Options - (3.9)% | ||||||||||||
| ROBLOX Corp., Expiration: 8/7/2026; Exercise Price: $36.00 | $ | (2,445,720 | ) | (687 | ) | $ | (94,463 | ) | ||||
| Put Options - (22.3)% | ||||||||||||
| ROBLOX Corp., Expiration: 8/21/2026; Exercise Price: $43.01 | (2,445,720 | ) | (687 | ) | (538,855 | ) | ||||||
| TOTAL WRITTEN OPTIONS (Premiums received $357,811) | $ | (633,318 | ) | |||||||||
| Percentages are stated as a percent of net assets. | ||||||||||||
| (a) | Exchange-traded. |
| (b) | 100 shares per contract. |