Company: DEFI
Filing Date: 2025-03-17
Form Type: S-1/A
Source: 0001387131-25-000058
Chunk: 159

Company: Tidal Commodities Trust I
Filing Date: 2025-03-17
Form: S-1/A
Chunk 159
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       |     - |   |
| March          |     - |   |
| April          |     - |   |
| May            |     - |   |
| June           |     - |   |
| July           |     - |   |
| August         |     - |   |
| September      |     - |   |
| October        | 6.39+ | % |
| November       | 33.47 | % |
| December       | -6.90 | % |
| Annual         
 Rate of Return | 32.20 | % |

+For the partial month beginning October 15, 2024

Unlimited HFND Cayman Subsidiary (TICKER: HFND)

The Unlimited HFND Cayman Subsidiary (TICKER: HFND) commenced trading and investment operations on January 3, 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): 1,475,000

Aggregate gross sale price for units issued: $95,064,827

Pool NAV as of December 31, 2024: $32,001,356

NAV per Share as of December 31, 2024: $21.69

Worst monthly percentage drawdown*: -2.64% / April 2024

Worst peak to valley drawdown**: -2.68% / March 2024 – April 2024

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

| Rates          
 of Return*     |       |   |
| Month          |  2024 |   |
| January        | -0.03 | % |
| February       |  1.51 | % |
| March          |  3.38 | % |
| April          | -2.64 | % |
| May            |  2.56 | % |
| June           |  0.05 | % |
| July           |  1.38 | % |
| August         |