Company: DEFI
Filing Date: 2025-03-17
Form Type: S-1/A
Source: 0001387131-25-000058
Chunk: 157

Company: Tidal Commodities Trust I
Filing Date: 2025-03-17
Form: S-1/A
Chunk 157
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 IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

| Rates          
 of Return*     |         |   |
| Month          |    2024 |   |
| January        |       - |   |
| February       |       - |   |
| March          |       - |   |
| April          |       - |   |
| May            |       - |   |
| June           |       - |   |
| July           |       - |   |
| August         | (1.14)+ | % |
| September      |   (0.49 | % |
| October        |   -6.77 | % |
| November       |    1.74 | % |
| December       |   -1.32 | % |
| Annual         
 Rate of Return |   -7.92 | % |

+For the partial month beginning August 20, 2024

Return Stacked(R) U.S. Stocks & Managed Futures ETF (TICKER: RSST)

Return Stacked(R) U.S. Stocks & Managed Futures ETF commenced trading and investment operations on September 6, 2023. The Fund is listed on CBOE 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): 10,825,000

Aggregate gross sale price for units issued: $257,849,364

Pool NAV as of December 31, 2024: $258,057,300

NAV per Share as of December 31, 2024: $23.84

Worst monthly percentage drawdown*: -7.70% / October 2024

Worst peak to valley drawdown**: -18.16% / July 2024 – August 2024

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

| Rates          
 of Return*     |         |     |       |   |
| Month          |    2023 |     |  2024 |   |
| January        |         |     |  3.91 | % |
| February       |         |