Company: DEFI
Filing Date: 2025-03-17
Form Type: S-1/A
Source: 0001387131-25-000058
Chunk: 151

Company: Tidal Commodities Trust I
Filing Date: 2025-03-17
Form: S-1/A
Chunk 151
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 |  2.72 | % |
| June           |      | % |         | % | -2.95 | % |
| July           |      | % | (0.24)+ | % | 0.03) | % |
| August         |      | % |   -0.04 | % | -3.50 | % |
| September      |      | % |    0.09 | % |  1.21 | % |
| October        |      | % |    0.17 | % | -1.29 | % |
| November       |      | % |   -2.09 | % |  6.81 | % |
| December       |      | % |   -0.37 | % | -3.88 | % |
| Annual         
 Rate of Return |      | % |   -2.48 | % |  3.19 | % |

+For the partial month beginning July 12, 2023

Cambria Chesapeake Pure Trend ETF (TICKER: MFUT)

The Cambria Chesapeake Pure Trend ETF commenced trading and investment operations on May 29, 2024. The Fund is listed on NYSE Arca and is neither: (i) a privately offered pool pursuant to Section 4(a)(2) of the 1933 Act; (ii) a multi-advisor pool as defined in CFTC Regulation 4.10(d)(2); or (iii) a principal-protected pool as defined in CFTC Regulation 4.10(d)(3).

Units of beneficial interest issued (from inception until December 31, 2024): 1,350,000

Aggregate gross sale price for units issued: $244,028,115

Pool NAV as of December 31, 2024: $22,392,633

NAV per Share as of December 31, 2024: $16.59

Worst monthly percentage drawdown*: -8.84% / October 2024

Worst peak to valley drawdown**: -17.10% / May 2024 – October 2024

<div align='center'>71</div>

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

| Month          |    2024 |   |
| January        |       - |   |
| February       |       - |   |
| March          |       - |