Tidal Trust II - YieldMax Target 12 Semiconductor Option Income ETF is exchange traded fund launched and managed by Tidal Investments LLC. The fund is co-managed by ZEGA Financial, LLC. The fund invests in public equity and fixed income markets of the United States. For its equity portion, the fund invests directly and through derivatives in stocks of companies operating across information technology, semiconductors and semiconductor equipment, semiconductors, technology hardware and equipment, electronic equipment, instruments and components, technology distributors, semiconductor equipment and distribution, sectors. The fund uses derivatives such as options to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization. For its fixed income portion, it primarily invests in short-term U.S. Treasury securities. The fund invests in dividend paying securities of companies. Tidal Trust II - YieldMax Target 12 Semiconductor Option Income ETF is domiciled in the United States.