# EDGAR Filing Document

**Accession Number:** 0001742912
**File Stem:** 0002000324-25-002171
**Filing Date:** 2025-6
**Character Count:** 32380
**Document Hash:** 0bc747a039d082d1bca40337416be588
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-25-002171.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0002000324-25-002171

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250626

**DATE AS OF CHANGE**: 20250626

**PERIOD START**: 20260131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tidal Trust I
- **CENTRAL INDEX KEY:** 0001742912

**ORGANIZATION NAME:**
- **EIN:** 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:** 251075706

**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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Tidal ETF Trust
- **DATE OF NAME CHANGE:** 20180606

## Series and Classes Contracts Data

### Intelligent Real Estate ETF (Series ID: S000080389)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000242748 | Intelligent Real Estate ETF | REAI            |

## Nport-Ex

---

| |
|:---|
| **Intelligent Real Estate ETF** |
| **Schedule of Investments** |
| **April 30, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **REAL ESTATE INVESTMENT TRUSTS - 98.0%** | **Shares** | **Value** |
| **Apartments - 14.3%** | **Apartments - 14.3%** | |
| Camden Property Trust | 441 | $50186 |
| Essex Property Trust, Inc. | 185 | 51643 |
| First Real Estate Investment Trust of New Jersey, Inc. | 2957 | 50121 |
| Invitation Homes, Inc. | 1558 | 53268 |
| Maxus Realty Trust, Inc.<sup>(a)</sup> | 821 | 46797 |
| Mid-America Apartment Communities, Inc. | 343 | 54760 |
| NexPoint Residential Trust, Inc. | 1240 | 46227 |
| UDR, Inc. | 1205 | 50465 |
|  |  | 403467 |
| **Diversified - 16.6%** |  |  |
| American Assets Trust, Inc. | 1980 | 37085 |
| American Tower Corp. | 241 | 54324 |
| Armada Hoffler Properties, Inc. | 4869 | 32963 |
| Crown Castle, Inc. | 478 | 50553 |
| EPR Properties | 1096 | 54241 |
| Equinix, Inc. | 61 | 52506 |
| Gaming and Leisure Properties, Inc. | 1036 | 49583 |
| Gladstone Commercial Corp. | 3274 | 46262 |
| Lamar Advertising Co. - Class A | 395 | 44955 |
| One Liberty Properties, Inc. | 1953 | 47653 |
|  |  | 470125 |
| **Health Care - 14.6%** |  |  |
| Community Healthcare Trust, Inc. | 3200 | 54656 |
| Healthpeak Properties, Inc. | 2432 | 43387 |
| LTC Properties, Inc. | 1478 | 53016 |
| National Health Investors, Inc. | 670 | 50699 |
| Omega Healthcare Investors, Inc. | 1324 | 51702 |
| Sabra Health Care REIT, Inc. | 2930 | 52301 |
| Universal Health Realty Income Trust | 1264 | 48297 |
| Ventas, Inc. | 843 | 59077 |
|  |  | 413135 |
| **Hotels - 8.0%** |  |  |
| Apple Hospitality REIT, Inc. | 3457 | 40689 |
| DiamondRock Hospitality Co. | 5910 | 43379 |
| Host Hotels & Resorts, Inc. | 2952 | 41682 |
| Ryman Hospitality Properties, Inc. | 470 | 41336 |
| Service Properties Trust | 11226 | 20207 |
| Xenia Hotels & Resorts, Inc. | 3514 | 37530 |
|  |  | 224823 |
| **Manufactured Homes - 3.6%** |  |  |
| Equity LifeStyle Properties, Inc. | 775 | 50205 |
| Sun Communities, Inc. | 405 | 50394 |
|  |  | 100599 |
| **Office Property - 13.0%** |  |  |
| Brandywine Realty Trust | 9216 | 36495 |
| BXP, Inc. | 636 | 40532 |
| COPT Defense Properties | 1698 | 44335 |
| Douglas Emmett, Inc. | 2991 | 41366 |
| Empire State Realty Trust, Inc. - Class A | 4782 | 34048 |
| Highwoods Properties, Inc. | 1567 | 44566 |
| Kilroy Realty Corp. | 1369 | 43137 |
| Office Properties Income Trust | 25788 | 10573 |
| Piedmont Office Realty Trust, Inc. - Class A | 5321 | 31447 |
| SL Green Realty Corp. | 774 | 40720 |
|  |  | 367219 |

---

---

| | | |
|:---|:---|:---|
| **Regional Malls - 6.6%** |  |  |
| CBL & Associates Properties, Inc. | 2055 | 48231 |
| Macerich Co. | 2892 | 42397 |
| Simon Property Group, Inc. | 307 | 48315 |
| Tanger, Inc. | 1555 | 48998 |
|  |  | 187941 |
| **Shopping Centers - 8.1%** |  |  |
| Alexander's, Inc. | 230 | 47472 |
| Brixmor Property Group, Inc. | 1945 | 48450 |
| Federal Realty Investment Trust | 473 | 44471 |
| Saul Centers, Inc. | 1306 | 42706 |
| Urban Edge Properties | 2482 | 44850 |
|  |  | 227949 |
| **Single Tenant - 1.6%** |  |  |
| NNN REIT, Inc. | 1104 | 45386 |
| **Storage - 4.5%** |  |  |
| CubeSmart | 1056 | 42948 |
| Iron Mountain, Inc. | 437 | 39186 |
| Public Storage | 154 | 46266 |
|  |  | 128400 |
| **Warehouse-Industrial - 7.1%** |  |  |
| EastGroup Properties, Inc. | 296 | 48372 |
| First Industrial Realty Trust, Inc. | 969 | 46105 |
| Innovative Industrial Properties, Inc. | 403 | 21887 |
| Plymouth Industrial REIT, Inc. | 2502 | 37205 |
| STAG Industrial, Inc. | 1416 | 46771 |
|  |  | 200340 |
| **TOTAL REAL ESTATE INVESTMENT TRUSTS** (Cost $3,147,416) |  | 2769384 |
| **SHORT-TERM INVESTMENTS - 1.9%** |  |  |
| **Money Market Funds - 1.9%** |  |  |
| First American Government Obligations Fund - Class X, 4.25%<sup>(b)</sup> | 53547 | 53547 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $53,547) |  | 53547 |
| **TOTAL INVESTMENTS - 99.9%** (Cost $3,200,963) |  | 2822931 |
| Other Assets in Excess of Liabilities - 0.1% |  | 1977 |
| **TOTAL NET ASSETS - 100.0%** |  | $2824908 |
| Percentages are stated as a percent of net assets. |  | @ |

---

(a) Non-income producing security.

(b) The rate shown represents the 7-day annualized effective yield as of April 30, 2025.

**Summary of Fair Value Disclosure as of April 30, 2025 (Unaudited)**

Intelligent Real Estate ETF has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

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 speeds, credit risk, yield curves, default rates and similar data.

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 based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of April 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments</u>: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts | $2769384 | $— | $— | $2769384 |
| &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 53547 |  |  | 53547 |
| Total Investments | $2822931 | $— | $— | $2822931 |

---

Refer to the Schedule of Investments for further disaggregation of investment categories.

## 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 Trust I

- **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:** Intelligent Real Estate ETF

- **b. EDGAR series identifier (if any):** S000080389

- **c. LEI of Series:** 5493000CFVOK1CEHGY65

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

- **a. Date of fiscal year-end:** 2026-01-31

- **b. Date as of which information is reported:** 2025-04-30

**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:** $2826404.84

**Total Liabilities:** $1497.17

**Net Assets:** $2824907.67

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000242748 | 1.28%                | -4.07%               | -5.17%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $37946.51                                  |
| Month 2  | $0.00                    | $-174891.87                                |
| Month 3  | $-68824.90               | $-132356.16                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alexander's Inc                                    | Alexander's Inc                                    | CUSIP: 014752109<br>LEI: 549300TZM28P04U5R635 | Long             | EC               | CORP              | US        |       230 | NS      | $47472.00     | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| American Assets Trust Inc                          | American Assets Trust Inc                          | CUSIP: 024013104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1980 | NS      | $37085.40     | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp                                | American Tower Corp                                | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |       241 | NS      | $54323.81     | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Hospitality REIT Inc                         | Apple Hospitality REIT Inc                         | CUSIP: 03784Y200<br>LEI: 549300EVZAR0FBZO4F16 | Long             | EC               | CORP              | US        |      3457 | NS      | $40688.89     | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Armada Hoffler Properties Inc                      | Armada Hoffler Properties Inc                      | CUSIP: 04208T108<br>LEI: 549300WQRSIV6XZT9313 | Long             | EC               | CORP              | US        |      4869 | NS      | $32963.13     | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Brandywine Realty Trust                            | Brandywine Realty Trust                            | CUSIP: 105368203<br>LEI: 5UZ46ZCYUFYYAC0DS831 | Long             | EC               | CORP              | US        |      9216 | NS      | $36495.36     | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Brixmor Property Group Inc                         | Brixmor Property Group Inc                         | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               | CORP              | US        |      1945 | NS      | $48449.95     | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| BXP Inc                                            | BXP Inc                                            | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               | CORP              | US        |       636 | NS      | $40532.28     | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Camden Property Trust                              | Camden Property Trust                              | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               | CORP              | US        |       441 | NS      | $50185.80     | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| CBL & Associates Properties In                     | CBL & Associates Properties Inc                    | CUSIP: 124830878<br>LEI: 529900EIVFBRS4PUBZ13 | Long             | EC               | CORP              | US        |      2055 | NS      | $48230.85     | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Healthcare Trust Inc                     | Community Healthcare Trust Inc                     | CUSIP: 20369C106<br>LEI: 549300FATSRCMKOV9536 | Long             | EC               | CORP              | US        |      3200 | NS      | $54656.00     | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| COPT Defense Properties                            | COPT Defense Properties                            | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             | EC               | CORP              | US        |      1698 | NS      | $44334.78     | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc                                   | Crown Castle Inc                                   | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |       478 | NS      | $50553.28     | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| CubeSmart                                          | CubeSmart                                          | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1056 | NS      | $42947.52     | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| DiamondRock Hospitality Co                         | DiamondRock Hospitality Co                         | CUSIP: 252784301<br>LEI: 529900KKD4BPVBUAQ734 | Long             | EC               | CORP              | US        |      5910 | NS      | $43379.40     | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Douglas Emmett Inc                                 | Douglas Emmett Inc                                 | CUSIP: 25960P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2991 | NS      | $41365.53     | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| EastGroup Properties Inc                           | EastGroup Properties Inc                           | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               | CORP              | US        |       296 | NS      | $48372.32     | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Empire State Realty Trust Inc                      | Empire State Realty Trust Inc                      | CUSIP: 292104106<br>LEI: 549300VOKY1DUEQSB456 | Long             | EC               | CORP              | US        |      4782 | NS      | $34047.84     | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR Properties                                     | EPR Properties                                     | CUSIP: 26884U109<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EC               | CORP              | US        |      1096 | NS      | $54241.04     | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                                        | Equinix Inc                                        | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |        61 | NS      | $52505.75     | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity LifeStyle Properties In                     | Equity LifeStyle Properties Inc                    | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |       775 | NS      | $50204.50     | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Property Trust Inc                           | Essex Property Trust Inc                           | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |       185 | NS      | $51642.75     | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Realty Investment Trus                     | Federal Realty Investment Trust                    | CUSIP: 313745101<br>LEI: 549300FHEI1SLVZ0RB48 | Long             | EC               | CORP              | US        |       473 | NS      | $44471.46     | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli                     | First American Government Obligations Fund         | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |     53547 | NS      | $53547.39     | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| First Industrial Realty Trust                      | First Industrial Realty Trust Inc                  | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       969 | NS      | $46105.02     | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| First Real Estate Investment Trust of New Jersey I | First Real Estate Investment Trust of New Jersey I | CUSIP: 336142104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2957 | NS      | $50121.15     | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaming and Leisure Properties                      | Gaming and Leisure Properties Inc                  | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               | CORP              | US        |      1036 | NS      | $49582.96     | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Gladstone Commercial Corp                          | Gladstone Commercial Corp                          | CUSIP: 376536108<br>LEI: 529900EVVV534W8R0T32 | Long             | EC               | CORP              | US        |      3274 | NS      | $46261.62     | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthpeak Properties Inc                          | Healthpeak Properties Inc                          | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               | CORP              | US        |      2432 | NS      | $43386.88     | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Highwoods Properties Inc                           | Highwoods Properties Inc                           | CUSIP: 431284108<br>LEI: ZIIGTYKL9T0X3HLTDX53 | Long             | EC               | CORP              | US        |      1567 | NS      | $44565.48     | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Host Hotels & Resorts Inc                          | Host Hotels & Resorts Inc                          | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               | CORP              | US        |      2952 | NS      | $41682.24     | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Innovative Industrial Properti                     | Innovative Industrial Properties Inc               | CUSIP: 45781V101<br>LEI: 5493008BQ0545EZXRR30 | Long             | EC               | CORP              | US        |       403 | NS      | $21886.93     | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Invitation Homes Inc                               | Invitation Homes Inc                               | CUSIP: 46187W107<br>LEI: 984500FE452E665C9F85 | Long             | EC               | CORP              | US        |      1558 | NS      | $53268.02     | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Iron Mountain Inc                                  | Iron Mountain Inc                                  | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               | CORP              | US        |       437 | NS      | $39185.79     | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Kilroy Realty Corp                                 | Kilroy Realty Corp                                 | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               | CORP              | US        |      1369 | NS      | $43137.19     | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamar Advertising Co                               | Lamar Advertising Co                               | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               | CORP              | US        |       395 | NS      | $44954.95     | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| LTC Properties Inc                                 | LTC Properties Inc                                 | CUSIP: 502175102<br>LEI: 549300NRZP8IJG2KY677 | Long             | EC               | CORP              | US        |      1478 | NS      | $53015.86     | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Macerich Co/The                                    | Macerich Co/The                                    | CUSIP: 554382101<br>LEI: 529900PSWCB5KI0JYU46 | Long             | EC               | CORP              | US        |      2892 | NS      | $42396.72     | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Maxus Realty Trust Inc                             | Maxus Realty Trust Inc                             | CUSIP: 57774B109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       821 | NS      | $46797.00     | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid-America Apartment Communit                     | Mid-America Apartment Communities Inc              | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |       343 | NS      | $54759.95     | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| National Health Investors Inc                      | National Health Investors Inc                      | CUSIP: 63633D104<br>LEI: 549300ZPKZIG6DKDEC02 | Long             | EC               | CORP              | US        |       670 | NS      | $50698.90     | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| NexPoint Residential Trust Inc                     | NexPoint Residential Trust Inc                     | CUSIP: 65341D102<br>LEI: 549300U2J6XVYBF87166 | Long             | EC               | CORP              | US        |      1240 | NS      | $46227.20     | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| NNN REIT Inc                                       | NNN REIT Inc                                       | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               | CORP              | US        |      1104 | NS      | $45385.44     | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Office Properties Income Trust                     | Office Properties Income Trust                     | CUSIP: 67623C109<br>LEI: 529900A38AW14ELBTL34 | Long             | EC               | CORP              | US        |     25788 | NS      | $10573.08     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Omega Healthcare Investors Inc                     | Omega Healthcare Investors Inc                     | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               | CORP              | US        |      1324 | NS      | $51702.20     | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| One Liberty Properties Inc                         | One Liberty Properties Inc                         | CUSIP: 682406103<br>LEI: 549300QII1CQZGZBZR14 | Long             | EC               | CORP              | US        |      1953 | NS      | $47653.20     | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Piedmont Office Realty Trust I                     | Piedmont Office Realty Trust Inc                   | CUSIP: 720190206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5321 | NS      | $31447.11     | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Plymouth Industrial REIT Inc                       | Plymouth Industrial REIT Inc                       | CUSIP: 729640102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2502 | NS      | $37204.74     | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                                     | Public Storage                                     | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |       154 | NS      | $46266.22     | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryman Hospitality Properties I                     | Ryman Hospitality Properties Inc                   | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               | CORP              | US        |       470 | NS      | $41336.50     | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Sabra Health Care REIT Inc                         | Sabra Health Care REIT Inc                         | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               | CORP              | US        |      2930 | NS      | $52300.50     | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Saul Centers Inc                                   | Saul Centers Inc                                   | CUSIP: 804395101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1306 | NS      | $42706.20     | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Service Properties Trust                           | Service Properties Trust                           | CUSIP: 81761L102<br>LEI: 529900IS770AG1K9QG27 | Long             | EC               | CORP              | US        |     11226 | NS      | $20206.80     | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc                           | Simon Property Group Inc                           | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |       307 | NS      | $48315.66     | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| SL Green Realty Corp                               | SL Green Realty Corp                               | CUSIP: 78440X887<br>LEI: 549300VQZPJU97H3GT17 | Long             | EC               | CORP              | US        |       774 | NS      | $40720.14     | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial Inc                                | STAG Industrial Inc                                | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               | CORP              | US        |      1416 | NS      | $46770.48     | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Communities Inc                                | Sun Communities Inc                                | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               | CORP              | US        |       405 | NS      | $50394.15     | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Tanger Inc                                         | Tanger Inc                                         | CUSIP: 875465106<br>LEI: UKEW8YSXE4Y581KYOL30 | Long             | EC               | CORP              | US        |      1555 | NS      | $48998.05     | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| UDR Inc                                            | UDR Inc                                            | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | EC               | CORP              | US        |      1205 | NS      | $50465.40     | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Realty Income                     | Universal Health Realty Income Trust               | CUSIP: 91359E105<br>LEI: 549300L4MWZL4IH6H172 | Long             | EC               | CORP              | US        |      1264 | NS      | $48297.44     | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Urban Edge Properties                              | Urban Edge Properties                              | CUSIP: 91704F104<br>LEI: 254900MGW1LDY566BW57 | Long             | EC               | CORP              | US        |      2482 | NS      | $44849.74     | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas Inc                                         | Ventas Inc                                         | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |       843 | NS      | $59077.44     | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Xenia Hotels & Resorts Inc                         | Xenia Hotels & Resorts Inc                         | CUSIP: 984017103<br>LEI: 54930075IWIPHF5IQL62 | Long             | EC               | CORP              | US        |      3514 | NS      | $37529.52     | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-26

**Name of Applicant:** Tidal Trust I

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer