# EDGAR Filing Document

**Accession Number:** 0001742912
**File Stem:** 0001387131-23-000711
**Filing Date:** 2023-1
**Character Count:** 23295
**Document Hash:** fdc7f1c8bcf7294c549abc604582ec6a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001387131-23-000711.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0001387131-23-000711

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230126

**DATE AS OF CHANGE**: 20230126

**PERIOD START**: 20230831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tidal ETF Trust
- **CENTRAL INDEX KEY:** 0001742912
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23377
- **FILM NUMBER:** 23555705

**BUSINESS ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET, SUITE 203
- **CITY:** MILWAUKEE,
- **STATE:** WI
- **ZIP:** 53204
- **BUSINESS PHONE:** 844-986-7676

**MAIL ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET, SUITE 203
- **CITY:** MILWAUKEE,
- **STATE:** WI
- **ZIP:** 53204

## Series and Classes Contracts Data

### Unlimited HFND Multi-Strategy Return Tracker ETF (Series ID: S000077333)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000237694 | Unlimited HFND Multi-Strategy Return Tracker ETF | HFND            |

## Nport-Ex

---

| | | | |
|:---|:---|:---|:---|
| **Unlimited HFND Multi-Strategy Return Tracker ETF** | **Unlimited HFND Multi-Strategy Return Tracker ETF** | **Unlimited HFND Multi-Strategy Return Tracker ETF** | **Unlimited HFND Multi-Strategy Return Tracker ETF** |
| **SCHEDULE OF INVESTMENTS at November 30, 2022 (Unaudited)** | **SCHEDULE OF INVESTMENTS at November 30, 2022 (Unaudited)** | **SCHEDULE OF INVESTMENTS at November 30, 2022 (Unaudited)** | **SCHEDULE OF INVESTMENTS at November 30, 2022 (Unaudited)** |
|  |  | **Shares** | **Value** |
| **Exchange Traded Funds - 75.8% <sup>(1)</sup>** | **Exchange Traded Funds - 75.8% <sup>(1)</sup>** |  | |
| Consumer Staples Select Sector SPDR Fund | Consumer Staples Select Sector SPDR Fund | 14886 | $1149050 |
| Financial Select Sector SPDR Fund | Financial Select Sector SPDR Fund | 31053 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1127534 |
| Invesco CurrencyShares Australian Dollar Trust | Invesco CurrencyShares Australian Dollar Trust | 13741 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 923533 |
| Invesco CurrencyShares Canadian Dollar Trust | Invesco CurrencyShares Canadian Dollar Trust | 12384 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 900812 |
| Invesco DB Agriculture Fund | Invesco DB Agriculture Fund | 57619 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1155261 |
| Invesco Senior Loan ETF | Invesco Senior Loan ETF | 57734 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1202022 |
| iShares Convertible Bond ETF | iShares Convertible Bond ETF | 39161 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2809410 |
| iShares Gold Trust <sup>(2)</sup> | iShares Gold Trust <sup>(2)</sup> | 16785 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 563976 |
| iShares J.P. Morgan EM High Yield Bond ETF | iShares J.P. Morgan EM High Yield Bond ETF | 16223 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 572834 |
| iShares MSCI Australia ETF | iShares MSCI Australia ETF | 70392 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1667586 |
| Real Estate Select Sector SPDR Fund | Real Estate Select Sector SPDR Fund | 36646 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1437989 |
| SPDR Bloomberg High Yield Bond ETF | SPDR Bloomberg High Yield Bond ETF | 24261 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2252149 |
| SPDR Bloomberg Short-Term High Yield Bond ETF | SPDR Bloomberg Short-Term High Yield Bond ETF | 34353 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 852985 |
| Vanguard FTSE Emerging Markets ETF | Vanguard FTSE Emerging Markets ETF | 55144 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2234435 |
| Vanguard Mid-Cap ETF | Vanguard Mid-Cap ETF | 10528 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2279628 |
| Vanguard Mortgage-Backed Securities ETF | Vanguard Mortgage-Backed Securities ETF | 69969 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3224871 |
| Vanguard Russell 2000 ETF | Vanguard Russell 2000 ETF | 10428 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 788878 |
| Vanguard Short-Term Corporate Bond ETF | Vanguard Short-Term Corporate Bond ETF | 34419 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2598635 |
| Vanguard Total World Stock ETF | Vanguard Total World Stock ETF | 54286 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4932426 |
| Vanguard US Momentum Factor ETF | Vanguard US Momentum Factor ETF | 8127 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 990925 |
| Vanguard Value ETF | Vanguard Value ETF | 10887 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1592115 |
| WisdomTree Bloomberg U.S. Dollar Bullish Fund | WisdomTree Bloomberg U.S. Dollar Bullish Fund | 38645 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1100610 |
| **Total Exchange Traded Funds** | **Total Exchange Traded Funds** |  |  |
| &nbsp;&nbsp;&nbsp; (Cost $35,474,099) | &nbsp;&nbsp;&nbsp; (Cost $35,474,099) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36357664 |
| **Short-Term Investments - 24.1%** | **Short-Term Investments - 24.1%** |  |  |
| **Money Market Funds - 24.1%** | **Money Market Funds - 24.1%** |  |  |
| First American Government Obligations Fund, Class X, 3.668% <sup>(3)</sup> | First American Government Obligations Fund, Class X, 3.668% <sup>(3)</sup> | 11562933 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11562933 |
| **Total Short-Term Investments** | **Total Short-Term Investments** |  |  |
| &nbsp;&nbsp;&nbsp; (Cost $11,562,933) | &nbsp;&nbsp;&nbsp; (Cost $11,562,933) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11562933 |
| **Total Investments in Securities - 99.9%** | **Total Investments in Securities - 99.9%** |  |  |
| &nbsp;&nbsp;&nbsp; (Cost $47,037,032) | &nbsp;&nbsp;&nbsp; (Cost $47,037,032) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47920597 |
| Other Assets in Excess of Liabilities - 0.1% | Other Assets in Excess of Liabilities - 0.1% |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44231 |
| **Total Net Assets - 100.0%** | **Total Net Assets - 100.0%** |  | $47964828 |
| <sup>(1)</sup>  | All or a portion of the assets have been committed as collateral for open securities sold short. | All or a portion of the assets have been committed as collateral for open securities sold short. | All or a portion of the assets have been committed as collateral for open securities sold short. |
| <sup>(2)</sup>  | Non-income producing security. |  |  |
| <sup>(3)</sup>  | The rate shown is the annualized seven-day effective yield as of November 30, 2022. | The rate shown is the annualized seven-day effective yield as of November 30, 2022. |  |

---

------

&nbsp;&nbsp;&nbsp;&nbsp;<br>

---

| | | |
|:---|:---|:---|
| **Unlimited HFND Multi-Strategy Return Tracker ETF** | **Unlimited HFND Multi-Strategy Return Tracker ETF** | **Unlimited HFND Multi-Strategy Return Tracker ETF** |
| **SCHEDULE OF SECURITIES SOLD SHORT at November 30, 2022 (Unaudited)** | **SCHEDULE OF SECURITIES SOLD SHORT at November 30, 2022 (Unaudited)** | |
|  | **Shares** | **Value** |
| **Exchange Traded Funds - 18.2% <sup>(1)</sup>** | | |
| Health Care Select Sector SPDR Fund | 4122 | $573040 |
| Invesco CurrencyShares Euro Currency Trust | 9511 | 913246 |
| Invesco CurrencyShares Japanese Yen Trust | 13642 | 921517 |
| Invesco CurrencyShares Swiss Franc Trust | 9685 | 913102 |
| iShares MSCI Japan ETF | 15346 | 856307 |
| iShares TIPS Bond Fund | 8164 | 884488 |
| Technology Select Sector SPDR Fund | 5457 | 741934 |
| Vanguard Long-Term Treasury ETF | 45972 | 2912786 |
| **Total Exchange Traded Funds** |  |  |
| &nbsp;&nbsp;&nbsp; (Proceeds $8,571,415) |  | $8716420 |
| <sup>(1)</sup> Non-income producing securities. |  |  |

---

------

---

| |
|:---|
| **Summary of Fair Value Exposure at November 30, 2022 (Unaudited)** |
| The Unlimited HFND Multi-Strategy Return Tracker ETF (the "Fund") utilizes various methods to measure the fair value of its investments on a recurring basis. U.S. GAAP establishes a hierarchy that prioritizes inputs to valuation methods. The three levels of inputs are: |
| • Level 1 — Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.<br> • Level 2 — Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment spreads, credit risk, yield curves, default rates and similar data.<br> • Level 3 — Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available. |
| The following is a summary of the inputs used to value the Fund's investments and securities sold short as of November 30, 2022: |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Exchange Traded Funds | $36357664 | $- | $- | $36357664 |
| Short-Term Investments | 11562933 | - | - | 11562933 |
| Total Investments in Securities | $47920597 | $- | $- | $47920597 |
| **Securities Sold Short** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Exchange Traded Funds | $8716420 | $– | $– | $8716420 |
| Total Securities Sold Short | $8716420 | $– | $– | $8716420 |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Tidal ETF Trust

- **b. Investment Company Act file number:** 811-23377

- **c. CIK number of Registrant:** 0001742912

- **d. LEI of Registrant:** 549300VTYHP8U2332C46

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 234 West Florida Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53204

  - **Telephone number:** 8449867676

**Item A.2. Information about the Series.**

- **a. Name of Series:** Unlimited HFND Multi-Strategy Return Tracker ETF

- **b. EDGAR series identifier (if any):** S000077333

- **c. LEI of Series:** 549300VSZ0XMYXPWVK70

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-08-31

- **b. Date as of which information is reported:** 2022-11-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $55478762.77

**Total Liabilities:** $8556475.74

**Net Assets:** $46922287.03

**Cash Not Reported:** $8325025.69

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000237694 |  | 1.54%                | 2.69%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  |  |  |
| Month 2  | $3458.19                 | $24820.40                                  |
| Month 3  | $-99212.53               | $713912.64                                 |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                           | Title                                          | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Consumer Staples Select Sector | Consumer Staples Select Sector SPDR Fund       | CUSIP: 81369Y308<br>LEI: 549300Z52QUV3UXHLA68 | Long             | EC               | RF                | US        |     14564 | NS      | $1124195.16   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Financial Select Sector SPDR F | Financial Select Sector SPDR Fund              | CUSIP: 81369Y605<br>LEI: 549300Y12KQ6ZG08NY28 | Long             | EC               | RF                | US        |     30379 | NS      | $1103061.49   | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund     | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |  11562933 | NS      | $11562932.67  | 24.64%            |  |  |  | No            |                  1 | On Loan: No      |
| Health Care Select Sector SPDR | Health Care Select Sector SPDR Fund            | CUSIP: 81369Y209<br>LEI: 549300EJNY3KKJHPOY44 | Short            | EC               | RF                | US        |     -4034 | NS      | $-560806.68   | -1.20%            |  |  |  | No            |                  1 | On Loan: No      |
| Invesco CurrencyShares Austral | Invesco CurrencyShares Australian Dollar Trust | CUSIP: 46090N103<br>LEI: 5493004JFG7A5UXA9965 | Long             | EC               | RF                | US        |     13443 | NS      | $903504.03    | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco CurrencyShares Canadia | Invesco CurrencyShares Canadian Dollar Trust   | CUSIP: 46138T104<br>LEI: 5493008305TLOMYANM30 | Long             | EC               | RF                | US        |     12116 | NS      | $881317.84    | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco CurrencyShares Euro Cu | Invesco CurrencyShares Euro Currency Trust     | CUSIP: 46138K103<br>LEI: N/A                  | Short            | EC               | RF                | US        |     -9305 | NS      | $-893466.10   | -1.90%            |  |  |  | No            |                  1 | On Loan: No      |
| Invesco CurrencyShares Japanes | Invesco CurrencyShares Japanese Yen Trust      | CUSIP: 46138W107<br>LEI: 5493003KFLKC801EII42 | Short            | EC               | RF                | US        |    -13346 | NS      | $-901522.30   | -1.92%            |  |  |  | No            |                  1 | On Loan: No      |
| Invesco CurrencyShares Swiss F | Invesco CurrencyShares Swiss Franc Trust       | CUSIP: 46138R108<br>LEI: 549300K3PYN0BT8TFG95 | Short            | EC               | RF                | US        |     -9475 | NS      | $-893303.00   | -1.90%            |  |  |  | No            |                  1 | On Loan: No      |
| Invesco DB Agriculture Fund    | Invesco DB Agriculture Fund                    | CUSIP: 46140H106<br>LEI: 549300CW37D800HX4P40 | Long             | EC               | RF                | US        |     56367 | NS      | $1130158.35   | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Senior Loan ETF        | Invesco Senior Loan ETF                        | CUSIP: 46138G508<br>LEI: 549300SIHU6DQELRNG59 | Long             | EC               | RF                | US        |     56480 | NS      | $1175913.60   | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Convertible Bond ETF   | iShares Convertible Bond ETF                   | CUSIP: 46435G102<br>LEI: 5493009GXGY863LN1X56 | Long             | EC               | RF                | US        |     38311 | NS      | $2748431.14   | 5.86%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Gold Trust             | iShares Gold Trust                             | CUSIP: 464285204<br>LEI: 5493006UOY7GXQW0IP42 | Long             | EC               | RF                | US        |     16421 | NS      | $551745.60    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares J.P. Morgan EM High Yi | iShares J.P. Morgan EM High Yield Bond ETF     | CUSIP: 464286285<br>LEI: 549300DZF05WBBY0EZ78 | Long             | EC               | RF                | US        |     15871 | NS      | $560405.01    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares MSCI Australia ETF     | iShares MSCI Australia ETF                     | CUSIP: 464286103<br>LEI: 549300X7CW3B8850WA94 | Long             | EC               | RF                | US        |     68862 | NS      | $1631340.78   | 3.48%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares MSCI Japan ETF         | iShares MSCI Japan ETF                         | CUSIP: 46434G822<br>LEI: 5493008I6YRUC6I0S051 | Short            | EC               | RF                | US        |    -15014 | NS      | $-837781.20   | -1.79%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares TIPS Bond ETF          | iShares TIPS Bond ETF                          | CUSIP: 464287176<br>LEI: 549300EHD1VQKMRQ0829 | Short            | EC               | RF                | US        |     -7988 | NS      | $-865419.92   | -1.84%            |  |  |  | No            |                  1 | On Loan: No      |
| Real Estate Select Sector SPDR | Real Estate Select Sector SPDR Fund            | CUSIP: 81369Y860<br>LEI: 549300SPMSTD3BRHL041 | Long             | EC               | RF                | US        |     35850 | NS      | $1406754.00   | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Bloomberg High Yield Bond | SPDR Bloomberg High Yield Bond ETF             | CUSIP: 78468R622<br>LEI: 549300NCLW2248PN7J24 | Long             | EC               | RF                | US        |     23735 | NS      | $2203320.05   | 4.70%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Bloomberg Short Term High | SPDR Bloomberg Short Term High Yield Bond ETF  | CUSIP: 78468R408<br>LEI: 549300YI2V5ELVW58659 | Long             | EC               | RF                | US        |     33607 | NS      | $834461.81    | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Technology Select Sector SPDR  | Technology Select Sector SPDR Fund             | CUSIP: 81369Y803<br>LEI: 549300BR5T0JNM2MW070 | Short            | EC               | RF                | US        |     -5339 | NS      | $-725890.44   | -1.55%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard FTSE Emerging Markets | Vanguard FTSE Emerging Markets ETF             | CUSIP: 922042858<br>LEI: N/A                  | Long             | EC               | RF                | US        |     53946 | NS      | $2185891.92   | 4.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Long-Term Treasury ET | Vanguard Long-Term Treasury ETF                | CUSIP: 92206C847<br>LEI: N/A                  | Short            | EC               | RF                | US        |    -44974 | NS      | $-2849552.64  | -6.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Mid-Cap ETF           | Vanguard Mid-Cap ETF                           | CUSIP: 922908629<br>LEI: N/A                  | Long             | EC               | RF                | US        |     10300 | NS      | $2230259.00   | 4.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Mortgage-Backed Secur | Vanguard Mortgage-Backed Securities ETF        | CUSIP: 92206C771<br>LEI: N/A                  | Long             | EC               | RF                | US        |     68449 | NS      | $3154814.41   | 6.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Russell 2000 ETF      | Vanguard Russell 2000 ETF                      | CUSIP: 92206C664<br>LEI: N/A                  | Long             | EC               | RF                | US        |     10202 | NS      | $771781.30    | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Short-Term Corporate  | Vanguard Short-Term Corporate Bond ETF         | CUSIP: 92206C409<br>LEI: N/A                  | Long             | EC               | RF                | US        |     33671 | NS      | $2542160.50   | 5.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Total World Stock ETF | Vanguard Total World Stock ETF                 | CUSIP: 922042742<br>LEI: N/A                  | Long             | EC               | RF                | US        |     53106 | NS      | $4825211.16   | 10.28%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard US Momentum Factor ET | Vanguard US Momentum Factor ETF                | CUSIP: 921935508<br>LEI: 549300EXHTSUFP48MT41 | Long             | EC               | RF                | US        |      7951 | NS      | $969465.43    | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Value ETF             | Vanguard Value ETF                             | CUSIP: 922908744<br>LEI: N/A                  | Long             | EC               | RF                | US        |     10651 | NS      | $1557602.24   | 3.32%             |  |  |  | No            |                  1 | On Loan: No      |
| WisdomTree Bloomberg U.S. Doll | WisdomTree Bloomberg U.S. Dollar Bullish Fund  | CUSIP: 97717W471<br>LEI: 549300INNPS8UK4A8998 | Long             | EC               | RF                | US        |     37805 | NS      | $1076686.40   | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-24

**Name of Applicant:** Tidal ETF Trust

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial