AUTN — Defiance Nasdaq 100 Autocallable Income ETF

AUTN Fund Overview

AUTN — Defiance Nasdaq 100 Autocallable Income ETF is a US ETF managed by Tidal Trust II, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: Tidal Trust II
• Category: Money Market
• Ticker: AUTN
• SEC CIK: 0001924868
• SEC series ID: S000105469
• Share class ID: C000276245

AUTN Investment Objective and Strategy

Defiance Nasdaq 100 Autocallable Income ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Tidal Trust II.

Investment objective

The Fund seeks high current income.

Principal investment strategy

Overview The Fund is an actively managed exchange-traded fund (ETF) designed to generate income from a structured strategy tied to equity market conditions, rather than direct participation in equity market returns. The strategy uses swap agreements tied to a model portfolio of autocallable investments that are designed to generate income through coupon payments when certain market conditions are met. The strategy aims to generate periodic income across different market environments, but that involves tradeoffs, including limited upside in strong markets and exposure to losses in declining markets. The Fund does not invest directly in autocallable securities or in an index. Instead, it uses swap agreements (a type of derivative instrument) to gain exposure to the performance of a model-based index (the Autocallable Index).

The Autocallable Index simulates the performance of a portfolio of autocallable instruments. In turn, each autocallable instrument is linked to a separate market index, here, the Nasdaq-100 Futures 35% Volatility Trend 6% Decrement Index (the Underlying Reference Index). The level of the Underlying Reference Index determines whether each autocallable instrument modeled in the Autocallable Index pays income, is redeemed early, or incurs losses. Those outcomes drive the performance of the Autocallable Index and, in turn, affect the Funds performance and the level of Fund distributions. Important : The Fund is not designed to provide returns that track the Nasdaq-100 Index or equity markets generally. Investors seeking returns that correspond to the Nasdaq-100 Index or broader equity markets should consider a different ETF.

Autocallable Strategy Overview Autocallables are structured investments that can: ? pay income (coupons) if the Underlying Reference Index is above a set level on specified observation dates, ? be redeemed early if the Underlying Reference Index reaches a specified level on specified observation dates, and ? lose value if the Underlying Reference Index declines below a set level at maturity. If the Underlying Reference Index does not meet the required levels on the relevant observation date, no income is generated for that period. If an autocallable is redeemed early based on the level of the Underlying Reference Index on the relevant observation date, it stops generating income. If an autocallable reaches maturity and the Underlying Reference Index is below a specified level, losses occur and such losses increase as the Underlying Reference Index declines further.

When an autocallable incurs a loss, that loss is reflected as a loss in the Autocallable Index, and this modelled loss impacts the returns the Fund receives through its swap agreements. When an autocallable generates a coupon, that coupon is reflected as income in the Autocallable Index (which assumes the coupon is reinvested), and this modeled income contributes to the returns the Fund receives through its swap agreements. These returns may support the Funds distributions, although they may be realized as gains on derivatives rather than traditional income. The Autocallable Index The Autocallable Index is a rules-based model. It does not hold actual investments. The Autocallable Index: ? models a portfolio of autocallables, each linked to the Underlying Reference Index, ? uses the level of the Underlying Reference Index on scheduled observation dates to determine outcomes for each modeled autocallable, and ?

combines modeled income, early redemptions, reinvestment, and losses into a single index value. The Autocallable Index assumes positions are added over time and that proceeds (whether from coupons, upon early redemption or maturity) are reinvested. Its performance is based on assumptions and may differ from real-world results. Although the Autocallable Index is designed to reflect prevailing market conditions and the performance of relevant market measures, its performance is hypothetical and based on assumptions that may differ from the terms, pricing, liquidity, and performance of actual autocallable investments available in the market. The Fund does not invest directly in the Autocallable Index. Instead, it uses swap agreements to seek returns linked to the Indexs Autocallable performance.

Changes in the Autocallable Index level, including the effect of its modeled income or loss, are reflected in the value of the Funds swap positions and, in turn, the Funds overall performance, but do not result in direct cash payments to and from the Fund. The Autocallable Index is sponsored and maintained by Citigroup Global Markets Limited. The autocallables included in the Autocallable Index are hypothetical instruments and are not actual tradable securities. Rather, the Autocallable Index reflects the performance of a hypothetical portfolio of autocallables that is maintained in accordance with the indexs rules-based methodology established by Citigroup Global Markets Limited. Portfolio Construction/Management Under normal circumstances, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in swap agreements that provide exposure to the Autocallable Index.

For purposes of compliance with this investment policy, the swaps will be valued at their notional value. The Adviser actively manages the Fund by exercising discretion over the level, timing, and composition of the Funds swap exposures, including using staggered entry points (as described below), and by adjusting those exposures in response to market conditions, pricing, and risk considerations. The Fund expects to obtain most of its exposure through unfunded total return swaps (derivatives that do not require full upfront payment; the Fund exchanges index returns for a financing payment with a counterparty). Unlike fully funded swaps, which typically require the Fund full upfront payment, unfunded swaps generally require posting of collateral (margin) upfront and periodic payments. Using unfunded swaps, the Adviser can manage the Funds exposure using staggered entry points, (i.e., entering into positions at different times rather than all at once), which may reduce the Funds sensitivity to any single market entry point and help produce a more even pattern of modeled cash flows over time.

The Funds returns from these swaps are generally reflected as changes in the value of the swaps and/or periodic net payments, rather than as direct receipt of income from underlying investments Distributions The Fund expects to make periodic distributions. The Funds distributions are based in part on the income that the Autocallable Index is designed to model, which depends on the performance of the Underlying Reference Index and the Autocallable Indexs autocall features. Income is not guaranteed and depends on the level of the Underlying Reference Index, and distributions may vary over time. Because the Fund obtains exposure to the Autocallable Index through derivatives, amounts available for distribution will primarily come from gains on those derivatives rather than from traditional income such as interest or dividends.

As a result, the Funds returns and distributions will generally not correspond to the receipt of traditional income. Furthermore, a substantial portion of distributions may consist of return of capital (i.e., a return of a portion of your original investment), because the Funds distributions may exceed its net investment income and instead reflect overall returns from its swap positions. When this occurs, a portion of the distribution is a return of your original investment and will reduce the value of your investment. Additional Fund Attributes The Fund may invest in short-term U.S. Treasury securities (with one year or less to maturity), cash and cash equivalents, and other eligible collateral investments to meet margin requirements and manage liquidity. Eligible collateral investments include investment-grade fixed income securities; floating- or variable-rate instruments (including benchmark-linked notes) issued by governments or U.S.

or European investment-grade companies; commercial paper; and money market funds. The Fund is classified as non-diversified under the 1940 Act, which means it may invest in a smaller number of holdings than a diversified fund. The Funds investment strategy is expected to result in high portfolio turnover on an annual basis. To the extent the Underlying Reference Index concentrates (i.e., holds more than 25% of its total assets) in the securities of a particular industry or group of related industries, the Fund will have concentrated investment exposure to approximately the same extent as the Index. The Underlying Reference Index The Underlying Reference Index does not track the Nasdaq-100 Index. Instead, it provides exposure through Nasdaq-100 futures contracts, which are derivative instruments whose prices reflect expectations about the future value of the Nasdaq-100 Index.

Because futures prices can differ from the current level of the Nasdaq-100 Index, and are affected by factors such as interest rates, financing costs, and market expectations, the performance of Nasdaq-100 futures may differ from the performance of the Nasdaq-100 Index, sometimes significantly. The Underlying Reference Index also adjusts how much exposure it has to Nasdaq-100 futures in order to target a specific volatility level (35%). This means the index increases its exposure to futures when market volatility is lower and reduces its exposure when market volatility is higher. As a result, the index may reduce exposure during volatile markets, which can limit losses but may also reduce participation in market rebounds or strong upward moves. In addition, the Underlying Reference Index applies a fixed 6% annual decrement.

A decrement is a daily deduction that reduces the index level over time, regardless of market performance. It is intended to represent assumed costs or income needs, but it acts as a consistent drag on returns. Because of these features (i.e., the use of futures instead of direct equity exposure, volatility-based adjustments, and the fixed decrement), the performance of the Underlying Reference Index may differ significantly from the performance of the Nasdaq-100 Index. As a result, the Fund should not be expected to provide returns similar to those of the Nasdaq-100 Index or equity markets generally. Third-Party Index Information None of the Fund, Tidal Trust II (the Trust), the Adviser or their respective affiliates makes any representation to you as to the performance of the Autocallable Index, the Underlying Reference Index, or the Nasdaq-100 Index .

NONE OF THE FUND, THE TRUST, THE ADVISER ARE AFFILIATED OR ENDORSED BY THE AUTOCALLABLE INDEX, THE UNDERLYING REFERENCE INDEX , or the Nasdaq-100 Index . The Fund was not developed or created by, and is not sponsored, endorsed, or approved by the index provider, sponsor, or owner of any of the Autocallable Index, the Underlying Reference Index, the Nasdaq-100 Index , or any of their respective affiliates (collectively, the Index Providers), including Citigroup Global Markets Limited in its capacity as sponsor and maintainer of the Autocallable Index. The Index Providers do not make any representation regarding the advisability of investing in the Fund. The Fund was not developed, issued, sponsored, endorsed, sold, or promoted by any Index Provider. No Index Provider participated in the determination of the Funds investment strategy, the design or construction of the Fund, or the selection of the Funds portfolio holdings.

The provider of the Autocallable Index has contracted with the Nasdaq, Inc. to license the Underlying Reference Index in connection with the Autocallable Index. The Autocallable Index is not owned, endorsed, or approved by or associated with the Underlying Reference Index.

AUTN Costs and Fees

AUTN costs about $68 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.68%
• Gross expense ratio: 0.68%

AUTN Debt Constituents

No individual debt constituents are reported in Defiance Nasdaq 100 Autocallable Income ETF's latest SEC N-PORT filing.

AUTN Prospectus and SEC Filings

Official Defiance Nasdaq 100 Autocallable Income ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2026-06-22

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• Emerald Growth Fund (HSPCX)
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• IVA Worldwide Fund (IVWAX)
• Stadion Tactical Growth Fund (ETFDX)
• BBH Partner Fund - Select Short Term Assets (BBSTX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.