0001145549-23-062169.txt : 20231013 0001145549-23-062169.hdr.sgml : 20231013 20231013100605 ACCESSION NUMBER: 0001145549-23-062169 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230731 FILED AS OF DATE: 20231013 DATE AS OF CHANGE: 20231013 EFFECTIVENESS DATE: 20231013 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Tidal Trust II CENTRAL INDEX KEY: 0001924868 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-23793 FILM NUMBER: 231324108 BUSINESS ADDRESS: STREET 1: 234 WEST FLORIDA STREET, SUITE 203 CITY: MILWAUKEE STATE: WI ZIP: 53204 BUSINESS PHONE: (844) 986-7676 MAIL ADDRESS: STREET 1: 234 WEST FLORIDA STREET, SUITE 203 CITY: MILWAUKEE STATE: WI ZIP: 53204 FORMER COMPANY: FORMER CONFORMED NAME: Tidal ETF Trust II DATE OF NAME CHANGE: 20220421 0001924868 S000076804 Carbon Collective Climate Solutions U.S. Equity ETF C000236854 Carbon Collective Climate Solutions U.S. Equity ETF CCSO N-CEN 1 primary_doc.xml X0404 N-CEN LIVE 0001924868 XXXXXXXX false false false N-1A S000076804 true Tidal Trust II 811-23793 0001924868 549300BGXECFCIZF2P89 c/o Tidal ETF Services, LLC 234 West Florida Street, Suite 203 Milwaukee 53204 US-WI US 8449867700 U.S. Bancorp Fund Services LLC 615 East Michigan St. Milwaukee 53202 18336121912 Maintain physical/electronic accounts/books or any document required by section 31(a) of the Act (15 U.S.C. 80a-30(a)) and the rules under that section. Y N N N-1A 18 Y Javier Marquina 006281864 N Michelle McDonough N/A N Dave Norris N/A N Eric W. Falkeis N/A Y William H. Woolverton N/A c/o Tidal ETF Services, LLC 234 West Florida, Suite 203 Milwaukee 53204 XXXXXX N N N N N N Foreside Fund Services, LLC 8-51293 000046106 N/A N N Tait Weller and Baker LLP 00445 N/A Cohen & Company, Ltd. 00925 N/A N N N N N N N Carbon Collective Climate Solutions U.S. Equity ETF S000076804 5493008VSTPRHOFOQF49 Y 1 0 0 Exchange-Traded Fund N N N N N/A N/A N/A Rule 6c-11 (17 CFR 270.6c-11) N N N N Toroso Investments, LLC 801-76857 000164201 N/A N Carbon Collective Investing, LLC 801-119296 000310129 N/A N N U.S. Bancorp Fund Services LLC 85-11357 N1GZ7BBF3NP8GI976H15 N N N Intercontinental Exchange Inc. 5493000F4ZO33MV32P92 N PricingDirect Inc. 549300WIC0TOJ7N7GD54 N Bloomberg L.P. 549300B56MD0ZC402L06 N Refinitiv US LLC 213800HQORQAP68CJJ04 N IHS Markit Ltd. 549300HLPTRASHS0E726 BM N Standard and Poors Financial Services LLC 549300U4VWNITEKO2881 N N U.S. Bank N.A. 6BYL5QZYBDK8S7L73M02 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N N Tidal ETF Services, LLC N/A Y N U.S. Bancorp Global Fund Services LLC N1GZ7BBF3NP8GI976H15 N Y N MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED 8-7221 000007691 8NAV47T0Y26Q87Y0QP81 4643.760000000000 TELSEY ADVISORY GROUP LLC 8-67988 000148234 54930080BFVVEZCZGF48 2670.040000000000 GOLDMAN SACHS & CO. LLC 8-129 000000361 FOR8UP27PHTHYVLBNG30 1444.410000000000 BTIG LLC 8-65473 000122225 549300GTG9PL6WO3EC51 5.640000000000 8763.850000000000 0.000000000000 N 15713408.320000000000 N N N N Carbon Collective Climate Solutions U.S. Equity ETF S000076804 N 25000.000000000000 2.600000000000 18.780000000000 97.400000000000 18.780000000000 1.080000000000 0.070000000000 98.920000000000 0.070000000000 0.000000000000 500.000000000000 0.000000000000 0.000000000000 500.000000000000 0.000000000000 0.000000000000 500.000000000000 0.000000000000 0.000000000000 500.000000000000 0.000000000000 Y true INTERNAL CONTROL RPT 2 ccso.htm CARBON COLLECTIVE ETF - INTERNAL CONTROL REPORT 07.31.23



REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Shareholders of Carbon Collective Climate Solutions U.S. Equity ETF and
Board of Trustees of Tidal Trust II

In planning and performing our audit of the financial statements of Carbon Collective Climate Solutions U.S. Equity ETF (the “Fund”), a series of Tidal Trust II, as of and for the period ended July 31, 2023, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Fund’s internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Fund’s internal control over financial reporting.  Accordingly, we express no such opinion.

The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting.  In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls.  A fund’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles (GAAP).  A fund’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and trustees of the fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a fund’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements.  Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis.  A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Fund’s annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Fund’s internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the PCAOB.  However, we noted no deficiencies in the Fund’s internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of July 31, 2023.

This report is intended solely for the information and use of management and the Board of Trustees of the Fund and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/S/ COHEN & COMPANY, LTD.

COHEN & COMPANY, LTD.
Cleveland, Ohio
September 29, 2023