Tidal ETF Trust II
02/20/2026 | Press release | Distributed by Public on 02/20/2026 07:26
Prospectus by Investment Company (Form 497)
Filed pursuant to Rule 497(e)
Registration Nos. 333-264478; 811-23793
YieldMax® Universe Fund of Option Income ETFs (YMAX)
(the "Fund")
listed on NYSE Arca, Inc.
February 20, 2026
Supplement to the Summary Prospectus
and Prospectus,
each dated February 28, 2025,
as previously supplemented
The Fund will be instituting certain changes to its principal investment strategies upon effectiveness of its annual prospectus update, currently expected on or around February 27, 2026. Such changes include the following:
| · | The Fund will no longer invest in all eligible Underlying YieldMax® ETFs (as such term defined in the Fund's prospectus). Instead, the Fund will invest in a sub-set of eligible Underlying YieldMax® ETFs, reflecting those with the highest relative performance over a recent period as of each rebalance. |
| · | Weighting among selected Underlying YieldMax® ETFs will no longer be equal. Instead, weighting will be based on the relative performance of each, with Underlying YieldMax® ETFs with higher recent performance receiving larger weightings than those with lower recent performance. |
| · | The Fund's eligible universe of Underlying YieldMax® ETFs has been expanded to include Underlying YieldMax® ETFs that seek to provide long exposure to a portfolio of operating companies or an index of operating companies. In particular, the YieldMax® Ultra Option Income Strategy ETF will be eligible upon effectiveness of these changes. In addition, Underlying YieldMax® ETFs that target set annual distribution rates will also be eligible for inclusion. |
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Please retain this Supplement for future reference.
Tidal ETF Trust II published this content on February 20, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on February 20, 2026 at 13:26 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]