Defiance Daily Target 1.5X Short MSTR ETF — new fund registration

Tidal Trust II registered 1 new fund series on Form 485APOS, filed 2024-03-27. Featured series: Defiance Daily Target 1.5X Short MSTR ETF.

Registration

Registrant / trust: Tidal Trust II
CIK: 0001924868
Form: 485APOS
Filed: 2024-03-27
State of incorporation: DE
Accession: 0001999371-24-004044
Reported net assets: $30.9M

Series & classes (1)

Series	Class	Ticker	New
Defiance Daily Target 1.5X Short MSTR ETF	Defiance 2X Short MSTR ETF	SMST	Yes

Fees (from the effective prospectus)

12b-1 fee: 0.00%
Gross expense ratio: 1.29%
Management fee: 1.29%
Other expenses: 0.00%

Investment objective

The Fund seeks daily inverse investment results, before fees and expenses, of -2 times (-200%) the daily percentage change in the share price of MicroStrategy Incorporated d/b/a Strategy (Nasdaq: MSTR) The Fund does not seek to achieve its stated investment objective for a period other than a single trading day.

Advisers

Tidal Investments LLC (Advisor)