Tidal Trust II - CNIC ICE U.S. Carbon Neutral Power Futures Index ETF is an exchange traded fund launched and managed by Tidal Investments LLC. It invests in public equity markets of the United States. The fund invests directly and through derivatives in the stocks of companies operating across utilities, independent power and renewable electricity producers, electricity market on a carbon-neutral sectors. It uses derivatives such as futures to create its portfolio. The fund invests in growth and value stocks of companies across diversified market capitalization. It invests in stocks of companies that directly promote environmental responsibility. The fund seeks to invest in futures through a wholly-owned Cayman Islands subsidiary. The fund seeks to track the performance of the ICE U.S. Carbon Neutral Power Index, by using full replication technique. Tidal Trust II - CNIC ICE U.S. Carbon Neutral Power Futures Index ETF was formed on May 18, 2023 and is domiciled in the United States.