Frequently Asked Questions About TEST

What are the top holdings of TEST?

A machine-readable holdings disclosure for Tidal Trust II - YieldMax TSLA Performance & Distribution Target 25 ETF (TEST) is not available from our data sources. Fund families sometimes register portfolio filings under a sibling share class or outside the SEC's structured datasets. Rather than estimate, we leave the section blank; the issuer's website carries the authoritative portfolio list.

What sectors does TEST invest in?

Tidal Trust II - YieldMax TSLA Performance & Distribution Target 25 ETF (TEST) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.

What sector is TEST most exposed to?

TEST's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.

Is TEST a US-only fund?

The country allocation card on this page shows TEST's geographic exposure. Funds with > 95% US weight are effectively US-only; international or global funds will show meaningful weights across multiple countries.

What does TEST invest in?

TEST aims for current income by combining synthetic long exposure to Tesla, Inc. (TSLA) and other options strategies, collateralized by cash and US Treasurys. TSLA engages in the design, development, manufacture, and sale of electric vehicles and energy generation and storage systems. The fund aims for monthly premiums of approximately 2.2% and an annual cash distribution target of about 25% of the funds NAV. Synthetic exposure is created by pairing long call options with short put options on TSLA, replicating the stocks price movements, subject to limits on potential gains. To generate premiums, the fund employs various options strategies, such as covered call spread that sells call options while buying calls at a higher strike, capping both profit and loss. The strategy may generate income but limits participation in potential gains if TSLA shares increase in value. On a weekly basis, the adviser uses one or more options strategies.

TEST

Tidal Trust II - YieldMax TSLA Performance & Distribution Target 25 ETF

CBOE·Asset Management · Financial Services

$37.66$0.32−0.84%

Oct 23 3:16 PM EDT

Portfolio as of April 30, 2026, from the fund's SEC Form N-PORT filing. Funds disclose holdings quarterly, with a ~60-day publication delay. Sector breakdowns aren't part of this filing, so none is shown.

Top Holdings

holdings

912797RF6
TREASURY BILL
29.23%
912797RG4
TREASURY BILL
29.20%
912797QX8
TREASURY BILL
28.12%
FGXXX
First American Government Obli
11.48%
S000092167-4
N/A
6.05%
S000092167-8
N/A
1.26%
S000092167-9
N/A
0.40%

Top 10 holdings

99.18%

Top 25 holdings

99.18%

Concentration index

0.2386

Effective holdings

Chart tools

Open Top Holdings in Chart Builder to fine-tune colors, labels, and timeframe, then download a high-res PNG.

All Holdings (10)

#	TickerHolding	Name	Weight	Shares	Market Value
1	912797RF6912797RF6TREASURY BILL	TREASURY BILL	29.23%	641.00K	$636.57K
2	912797RG4912797RG4TREASURY BILL	TREASURY BILL	29.20%	642.00K	$635.81K
3	912797QX8912797QX8TREASURY BILL	TREASURY BILL	28.12%	615.00K	$612.48K
4	FGXXXCashFGXXXCashFirst American Government Obli	First American Government Obli	11.48%	250.09K	$250.09K
5	S000092167-4S000092167-4N/A	N/A	6.05%	58.00	$131.80K
6	S000092167-5S000092167-5N/A	N/A	−3.65%	−30.00	−$79.58K
7	S000092167-6S000092167-6N/A	N/A	−1.47%	−58.00	−$31.93K
8	S000092167-7S000092167-7N/A	N/A	−1.45%	−28.00	−$31.57K
9	S000092167-8S000092167-8N/A	N/A	1.26%	30.00	$27.53K
10	S000092167-9S000092167-9N/A	N/A	0.40%	28.00	$8.68K

Sectors

The fund issuer's factsheet may carry this breakdown directly.

Countries

Domicile

United States · 99.18%

Asset Classes

Primary asset class

Equity

Strategy

Options Income

Income strategy

Options income

Frequently Asked Questions About TEST

What are the top holdings of TEST?: A machine-readable holdings disclosure for Tidal Trust II - YieldMax TSLA Performance & Distribution Target 25 ETF (TEST) is not available from our data sources. Fund families sometimes register portfolio filings under a sibling share class or outside the SEC's structured datasets. Rather than estimate, we leave the section blank; the issuer's website carries the authoritative portfolio list.
What sectors does TEST invest in?: Tidal Trust II - YieldMax TSLA Performance & Distribution Target 25 ETF (TEST) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.
What sector is TEST most exposed to?: TEST's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.
Is TEST a US-only fund?: The country allocation card on this page shows TEST's geographic exposure. Funds with > 95% US weight are effectively US-only; international or global funds will show meaningful weights across multiple countries.
What does TEST invest in?: TEST aims for current income by combining synthetic long exposure to Tesla, Inc. (TSLA) and other options strategies, collateralized by cash and US Treasurys. TSLA engages in the design, development, manufacture, and sale of electric vehicles and energy generation and storage systems. The fund aims for monthly premiums of approximately 2.2% and an annual cash distribution target of about 25% of the funds NAV. Synthetic exposure is created by pairing long call options with short put options on TSLA, replicating the stocks price movements, subject to limits on potential gains. To generate premiums, the fund employs various options strategies, such as covered call spread that sells call options while buying calls at a higher strike, capping both profit and loss. The strategy may generate income but limits participation in potential gains if TSLA shares increase in value. On a weekly basis, the adviser uses one or more options strategies.