# EDGAR Filing Document

**Accession Number:** 0001742912
**File Stem:** 0001145549-25-042699
**Filing Date:** 2025-6
**Character Count:** 48694
**Document Hash:** 0b417c29e746719ec2c29feacb0cc145
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-042699.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0001145549-25-042699

**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**: 20250731

**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:** 251078969

**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

### FolioBeyond Alternative Income and Interest Rate Hedge ETF (Series ID: S000073705)

| Class ID   | Class Name                                                 | Ticker Symbol   |
|:---|:---|:---|
| C000230781 | FolioBeyond Alternative Income and Interest Rate Hedge ETF | RISR            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **FolioBeyond Alternative Income and Interest Rate Hedge ETF** | **FolioBeyond Alternative Income and Interest Rate Hedge ETF** | **FolioBeyond Alternative Income and Interest Rate Hedge ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **April 30, 2025 (Unaudited)** | **April 30, 2025 (Unaudited)** | **April 30, 2025 (Unaudited)** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - 94.7%** | **Par** | **Value** |
| Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. |
| &nbsp;&nbsp; Series 5058, Class IP, 3.50%, 12/25/2050 <sup>(a)</sup> | 18283863 | $3690203 |
| &nbsp;&nbsp; Series 5151, Class HI, 4.00%, 08/25/2050 <sup>(a)</sup> | 14906955 | 3505994 |
| &nbsp;&nbsp; Series 5153, Class PI, 3.00%, 10/25/2051 <sup>(a)</sup> | 40838448 | 5579120 |
| &nbsp;&nbsp; Series 5191, Class IJ, 3.00%, 02/25/2052 <sup>(a)</sup> | 42342538 | 5347996 |
| &nbsp;&nbsp; Series 5206, Class XI, 3.50%, 08/25/2051 <sup>(a)</sup> | 18805378 | 2498462 |
| &nbsp;&nbsp; Series 5211, Class IH, 3.50%, 04/25/2052 <sup>(a)</sup> | 19897836 | 3311521 |
| &nbsp;&nbsp; Series 5410, Class IO, 4.00%, 05/25/2052 <sup>(a)</sup> | 55142487 | 7543707 |
| &nbsp;&nbsp; Series 5445, Class IO, 3.00%, 02/25/2052 <sup>(a)</sup> | 42377705 | 5628488 |
| &nbsp;&nbsp; Series 5446, Class EI, 6.00%, 08/25/2054 <sup>(a)</sup> | 9664736 | 2344760 |
| Federal Home Loan Mortgage Corporation REMICs | Federal Home Loan Mortgage Corporation REMICs | Federal Home Loan Mortgage Corporation REMICs |
| &nbsp;&nbsp; Series 4591, Class QI, 3.50%, 04/15/2046 <sup>(a)</sup> | 2724395 | 448104 |
| &nbsp;&nbsp; Series 4912, Class PI, 4.00%, 06/25/2049 <sup>(a)</sup> | 994292 | 203527 |
| &nbsp;&nbsp; Series 4998, Class GI, 4.00%, 08/25/2050 <sup>(a)</sup> | 1886687 | 386580 |
| &nbsp;&nbsp; Series 5018, Class IN, 5.50%, 10/25/2050 <sup>(a)</sup> | 3436484 | 925084 |
| &nbsp;&nbsp; Series 5023, Class IB, 4.50%, 10/25/2050 <sup>(a)</sup> | 3278703 | 740719 |
| &nbsp;&nbsp; Series 5070, Class IH, 3.50%, 02/25/2051 <sup>(a)</sup> | 3954943 | 800227 |
| &nbsp;&nbsp; Series 5086, Class BI, 3.00%, 03/25/2051 <sup>(a)</sup> | 3590218 | 618724 |
| &nbsp;&nbsp; Series 5094, Class CI, 3.50%, 04/25/2036 <sup>(a)</sup> | 4257955 | 414997 |
| &nbsp;&nbsp; Series 5102, Class MI, 4.50%, 04/25/2051 <sup>(a)</sup> | 7202396 | 1697188 |
| &nbsp;&nbsp; Series 5145, Class IH, 3.00%, 09/25/2051 <sup>(a)</sup> | 1660440 | 282392 |
| &nbsp;&nbsp; Series 5159, Class BI, 3.00%, 03/25/2050 <sup>(a)</sup> | 1158528 | 203423 |
| &nbsp;&nbsp; Series 5162, Class CI, 3.00%, 11/25/2050 <sup>(a)</sup> | 10861122 | 1893742 |
| &nbsp;&nbsp; Series 5169, Class IY, 4.00%, 01/25/2049 <sup>(a)</sup> | 4823207 | 1030703 |
| &nbsp;&nbsp; Series 5205, Class PI, 3.00%, 03/25/2052 <sup>(a)</sup> | 9012515 | 970516 |
| &nbsp;&nbsp; Series 5227, Class BI, 3.50%, 08/25/2048 <sup>(a)</sup> | 3025396 | 399531 |
| &nbsp;&nbsp; Series 5228, Class DI, 4.50%, 01/25/2046 <sup>(a)</sup> | 6729627 | 985714 |
| &nbsp;&nbsp; Series 5236, Class UI, 4.00%, 12/15/2047 <sup>(a)</sup> | 10406114 | 1705563 |
| &nbsp;&nbsp; Series 5267, Class GI, 5.00%, 07/25/2047 <sup>(a)</sup> | 2760728 | 343461 |
| &nbsp;&nbsp; Series 5274, Class PI, 5.50%, 02/25/2044 <sup>(a)</sup> | 2639483 | 422473 |
|  Federal Home Loan Mortgage Corporation Strips, Series 363, Class C18, Pool S1-5439, 4.50%, 09/15/2048 <sup>(a)</sup> | 2139164 | 485036 |
| Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association |
| &nbsp;&nbsp; Series 2019-65, Class HI, 4.00%, 11/25/2049 <sup>(a)</sup> | 745794 | 160719 |
| &nbsp;&nbsp; Series 2020-88, Class IA, 3.50%, 11/25/2046 <sup>(a)</sup> | 6608174 | 1003404 |
| &nbsp;&nbsp; Series 2021-17, Class IA, 2.50%, 04/25/2051 <sup>(a)</sup> | 18069928 | 2662123 |
| &nbsp;&nbsp; Series 2021-25, Class IJ, 3.50%, 05/25/2051 <sup>(a)</sup> | 15377406 | 3086731 |
| &nbsp;&nbsp; Series 2021-69, Class HI, 4.00%, 01/25/2051 <sup>(a)</sup> | 18950888 | 4394836 |
| &nbsp;&nbsp; Series 2022-10, Class PI, 3.50%, 04/25/2051 <sup>(a)</sup> | 14870987 | 2437159 |
| &nbsp;&nbsp; Series 2022-18, Class DI, 3.50%, 07/25/2046 <sup>(a)</sup> | 40937744 | 5332935 |
| &nbsp;&nbsp; Series 2022-56, Class IA, 3.50%, 04/25/2052 <sup>(a)</sup> | 33802762 | 4301097 |
| &nbsp;&nbsp; Series 2023-25, Class CI, 3.00%, 02/25/2052 <sup>(a)</sup> | 24537574 | 3650467 |
| &nbsp;&nbsp; Series 2024-9, Class GI, 3.50%, 10/25/2049 <sup>(a)</sup> | 35337251 | 5230443 |
| Federal National Mortgage Association REMICs | Federal National Mortgage Association REMICs | Federal National Mortgage Association REMICs |
| &nbsp;&nbsp; Series 2018-1, Class IY, 4.50%, 02/25/2048 <sup>(a)</sup> | 3638544 | 818120 |
| &nbsp;&nbsp; Series 2018-56, Class IO, 4.00%, 08/25/2048 <sup>(a)</sup> | 1550494 | 316872 |
| &nbsp;&nbsp; Series 2020-20, Class GI, 3.50%, 04/25/2050 <sup>(a)</sup> | 2224087 | 424575 |
| &nbsp;&nbsp; Series 2020-44, Class AI, 4.00%, 07/25/2050 <sup>(a)</sup> | 1772352 | 357469 |
| &nbsp;&nbsp; Series 2020-78, Class KI, 4.00%, 07/25/2049 <sup>(a)</sup> | 6883406 | 1366439 |
| &nbsp;&nbsp; Series 2020-8, Class CI, 3.50%, 02/25/2050 <sup>(a)</sup> | 1462087 | 260231 |
| &nbsp;&nbsp; Series 2021-17, Class IG, 4.00%, 02/25/2051 <sup>(a)</sup> | 1383493 | 296775 |
| &nbsp;&nbsp; Series 2021-26, Class EI, 3.50%, 05/25/2041 <sup>(a)</sup> | 1001782 | 138550 |
| &nbsp;&nbsp; Series 2021-30, Class NI, 4.50%, 03/25/2048 <sup>(a)</sup> | 3179915 | 466388 |
| &nbsp;&nbsp; Series 2021-36, Class HI, 3.50%, 06/25/2051 <sup>(a)</sup> | 3457949 | 695560 |
| &nbsp;&nbsp; Series 2021-73, Class EI, 3.50%, 11/25/2051 <sup>(a)</sup> | 972998 | 184522 |
| &nbsp;&nbsp; Series 2021-79, Class LI, 3.00%, 11/25/2051 <sup>(a)</sup> | 2816654 | 451121 |
| &nbsp;&nbsp; Series 2022-87, Class BI, 5.50%, 11/25/2048 <sup>(a)</sup> | 1330313 | 171029 |
| Government National Mortgage Association | Government National Mortgage Association | Government National Mortgage Association |
| &nbsp;&nbsp; Series 11/20/2050, Class IC, 2.50%, 11/20/2050 <sup>(a)</sup> | 4237404 | 226382 |
| &nbsp;&nbsp; Series 2019-119, Class IN, 5.00%, 09/20/2049 <sup>(a)</sup> | 1649050 | 417176 |
| &nbsp;&nbsp; Series 2019-151, Class DI, 3.50%, 11/20/2048 <sup>(a)</sup> | 4227772 | 653092 |
| &nbsp;&nbsp; Series 2019-27, Class PI, 4.50%, 02/20/2049 <sup>(a)</sup> | 279561 | 48526 |
| &nbsp;&nbsp; Series 2019-70, Class PI, 4.50%, 05/20/2048 <sup>(a)</sup> | 1723116 | 281933 |
| &nbsp;&nbsp; Series 2020-1, Class PI, 4.50%, 01/20/2050 <sup>(a)</sup> | 7597472 | 1723780 |
| &nbsp;&nbsp; Series 2020-104, Class PI, 4.00%, 12/20/2049 <sup>(a)</sup> | 2840437 | 514499 |
| &nbsp;&nbsp; Series 2020-167, Class EI, 4.50%, 02/20/2049 <sup>(a)</sup> | 3392479 | 773950 |
| &nbsp;&nbsp; Series 2020-167, Class ID, 4.00%, 11/20/2050 <sup>(a)</sup> | 7221621 | 1556745 |
| &nbsp;&nbsp; Series 2020-17, Class BI, 5.00%, 02/20/2050 <sup>(a)</sup> | 567831 | 128755 |
| &nbsp;&nbsp; Series 2020-191, Class UE, 4.00%, 12/20/2050 <sup>(a)</sup> | 868257 | 187456 |
| &nbsp;&nbsp; Series 2020-35, Class DI, 3.50%, 03/20/2050 <sup>(a)</sup> | 622884 | 102320 |
| &nbsp;&nbsp; Series 2020-51, Class EI, 4.50%, 01/20/2050 <sup>(a)</sup> | 3281840 | 702104 |
| &nbsp;&nbsp; Series 2020-93, Class PI, 3.00%, 04/20/2050 <sup>(a)</sup> | 3301570 | 446727 |
| &nbsp;&nbsp; Series 2021-161, Class IC, 4.50%, 09/20/2051 <sup>(a)</sup> | 2047075 | 469589 |
| &nbsp;&nbsp; Series 2021-161, Class XI, 3.50%, 09/20/2051 <sup>(a)</sup> | 2158398 | 425676 |
| &nbsp;&nbsp; Series 2021-176, Class GI, 3.00%, 10/20/2051 <sup>(a)</sup> | 2480114 | 403876 |
| &nbsp;&nbsp; Series 2021-177, Class LI, 3.00%, 10/20/2051 <sup>(a)</sup> | 21288043 | 3054223 |
| &nbsp;&nbsp; Series 2021-225, Class IP, 3.00%, 12/20/2051 <sup>(a)</sup> | 29599802 | 3296995 |
| &nbsp;&nbsp; Series 2021-58, Class EI, 3.50%, 04/20/2051 <sup>(a)</sup> | 4272144 | 806736 |
| &nbsp;&nbsp; Series 2022-34, Class TI, 3.50%, 06/20/2049 <sup>(a)</sup> | 5239684 | 880268 |
| &nbsp;&nbsp; Series 2022-51, Class GI, 4.00%, 03/20/2052 <sup>(a)</sup> | 17377133 | 3921989 |
| &nbsp;&nbsp; Series 2022-6, Class PI, 3.50%, 01/20/2052 <sup>(a)</sup> | 18231937 | 2954675 |
| &nbsp;&nbsp; Series 2022-61, Class GI, 3.00%, 11/20/2046 <sup>(a)</sup> | 11923472 | 1653395 |
| &nbsp;&nbsp; Series 2022-65, Class HI, 4.00%, 01/20/2050 <sup>(a)</sup> | 4672680 | 736824 |
| &nbsp;&nbsp; Series 2022-81, Class GI, 3.50%, 03/20/2052 <sup>(a)</sup> | 36929011 | 4749241 |
| &nbsp;&nbsp; Series 2022-90, Class QI, 4.00%, 11/20/2047 <sup>(a)</sup> | 5074568 | 506483 |
| &nbsp;&nbsp; Series 2023-18, Class IB, 5.00%, 02/20/2053 <sup>(a)</sup> | 13446358 | 3149526 |
| &nbsp;&nbsp; Series 2023-192, Class IE, 4.50%, 09/20/2049 <sup>(a)</sup> | 25647677 | 5333032 |
| &nbsp;&nbsp; Series 2024-26, Class LI, 5.00%, 02/20/2054 <sup>(a)</sup> | 1010298 | 203461 |
| &nbsp;&nbsp; Series 2024-4, Class GI, 5.00%, 02/20/2053 <sup>(a)</sup> | 21208990 | 5207793 |
| &nbsp;&nbsp; Series 2024-4, Class IO, 3.00%, 09/20/2051 <sup>(a)</sup> | 33937199 | 4960135 |
| **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS** (Cost $131,425,543) | **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS** (Cost $131,425,543) | 143092882 |
| **SHORT-TERM INVESTMENTS - 7.4%** | **Shares** |  |
| **Money Market Funds - 7.4%** |  |  |
| First American Government Obligations Fund - Class X, 4.25% <sup>(b)</sup> | 11136281 | 11136281 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $11,136,281) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $11,136,281) | 11136281 |
| **TOTAL INVESTMENTS - 102.1% (**Cost $142,561,824**)** | **TOTAL INVESTMENTS - 102.1% (**Cost $142,561,824**)** | 154229163 |
| Liabilities in Excess of Other Assets - (2.1)% | Liabilities in Excess of Other Assets - (2.1)% | (3152481) |
| **TOTAL NET ASSETS - 100.0%** |  | $151076682 |
| two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |
| REMIC – Real Estate Mortgage Investment Conduit | REMIC – Real Estate Mortgage Investment Conduit |  |

---

(a) Interest only 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)
FolioBeyond Alternative Income and Interest Rate Hedge ETF (the "Fund") 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;Collateralized Mortgage Obligations | $– | $143092882 | $– | $143092882 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 11136281 | – | – | 11136281 |
| Total Investments | $11136281 | $143092882 | $– | $154229163 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | 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:** 844-986-7700

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

- **a. Name of Series:** FolioBeyond Alternative Income and Interest Rate Hedge ETF

- **b. EDGAR series identifier (if any):** S000073705

- **c. LEI of Series:** 549300JTP3K4NOX5GH17

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

- **a. Date of fiscal year-end:** 2025-07-31

- **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:** $156869395.28

**Total Liabilities:** $5792928.73

**Net Assets:** $151076466.55

**Cash Not Reported:** $52045.86

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.000000000000 | **1-Year:** 0.000000000000 | **5-Year:** 356.670000000000 | **10-Year:** 25567.830000000000 | **30-Year:** 31305.760000000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.000000000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000230781 | -0.64%               | 0.72%                | 1.83%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-1656918.05                               |
| Month 2  | $0.00                    | $330036.05                                 |
| Month 3  | $0.00                    | $1614802.89                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Fannie Mae                     | Fannie Mae REMICS                          | CUSIP: 3136B0WL6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3638544 | PA      | $818120.46    | 0.54%             | 2048-02-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                          | CUSIP: 3136B9KE6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2224087 | PA      | $424574.87    | 0.28%             | 2050-04-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                          | CUSIP: 3136BF6N8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3179915 | PA      | $466387.99    | 0.31%             | 2048-03-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                         | CUSIP: 3137F9XH9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3954943 | PA      | $800226.97    | 0.53%             | 2051-02-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                         | CUSIP: 3137H34D1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  40838448 | PA      | $5579120.11   | 3.69%             | 2051-10-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association   | CUSIP: 38383CFT2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  21288043 | PA      | $3054223.15   | 2.02%             | 2051-10-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association   | CUSIP: 38383GLH2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  18231937 | PA      | $2954675.08   | 1.96%             | 2052-01-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association   | CUSIP: 38384GD23<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  25647677 | PA      | $5333031.81   | 3.53%             | 2049-09-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                          | CUSIP: 3136BHEL9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  15377406 | PA      | $3086731.25   | 2.04%             | 2051-05-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                          | CUSIP: 3136BHZK8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3457949 | PA      | $695559.48    | 0.46%             | 2051-06-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                         | CUSIP: 3137H4GK0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4823207 | PA      | $1030703.34   | 0.68%             | 2049-01-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                         | CUSIP: 3137H6QY4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  18805378 | PA      | $2498461.77   | 1.65%             | 2051-08-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                         | CUSIP: 3137H8CE9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  10406114 | PA      | $1705563.09   | 1.13%             | 2047-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association   | CUSIP: 38382C2K6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    622884 | PA      | $102319.89    | 0.07%             | 2050-03-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association   | CUSIP: 38382CDT5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   7597472 | PA      | $1723779.72   | 1.14%             | 2050-01-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association   | CUSIP: 38383AW26<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2047075 | PA      | $469589.29    | 0.31%             | 2051-09-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association   | CUSIP: 38383PQR5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  11923472 | PA      | $1653394.51   | 1.09%             | 2046-11-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddiemac Strip               | Freddie Mac Strips                         | CUSIP: 31325XBG4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2139164 | PA      | $485035.85    | 0.32%             | 2048-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                         | CUSIP: 3137H7BQ5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3025396 | PA      | $399531.01    | 0.26%             | 2048-08-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                         | CUSIP: 3137H9AZ2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2760728 | PA      | $343461.39    | 0.23%             | 2047-07-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                         | CUSIP: 3137H9J83<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2639483 | PA      | $422472.78    | 0.28%             | 2044-02-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association   | CUSIP: 38382CK67<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    567831 | PA      | $128755.24    | 0.09%             | 2050-02-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association   | CUSIP: 38383MBZ0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   5239684 | PA      | $880268.43    | 0.58%             | 2049-06-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                          | CUSIP: 3136BJD93<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2816654 | PA      | $451120.96    | 0.30%             | 2051-11-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association   | CUSIP: 38383VU48<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  13446358 | PA      | $3149525.70   | 2.08%             | 2053-02-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                          | CUSIP: 3136BJG58<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    972998 | PA      | $184521.50    | 0.12%             | 2051-11-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                          | CUSIP: 3136BMGW2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  40937744 | PA      | $5332935.29   | 3.53%             | 2046-07-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                          | CUSIP: 3136BNY34<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  33802762 | PA      | $4301097.19   | 2.85%             | 2052-04-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                          | CUSIP: 3136BP6U0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  24537574 | PA      | $3650467.09   | 2.42%             | 2052-02-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                         | CUSIP: 3137FVA93<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1886687 | PA      | $386580.35    | 0.26%             | 2050-08-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                         | CUSIP: 3137FXDH8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3436484 | PA      | $925084.42    | 0.61%             | 2050-10-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                         | CUSIP: 3137FYTM8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7202396 | PA      | $1697187.83   | 1.12%             | 2051-04-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                         | CUSIP: 3137HCQF2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  55142487 | PA      | $7543707.30   | 4.99%             | 2052-05-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association   | CUSIP: 38382K3R2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4237404 | PA      | $226381.63    | 0.15%             | 2050-11-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                          | CUSIP: 3136BFT29<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  18069928 | PA      | $2662123.25   | 1.76%             | 2051-04-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                          | CUSIP: 3136BCSL5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6883406 | PA      | $1366439.29   | 0.90%             | 2049-07-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                          | CUSIP: 3136BJKX2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  18950888 | PA      | $4394835.92   | 2.91%             | 2051-01-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                         | CUSIP: 3137F8D67<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  18283863 | PA      | $3690202.74   | 2.44%             | 2050-12-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                         | CUSIP: 3137FYPT7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4257955 | PA      | $414996.47    | 0.27%             | 2036-04-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                         | CUSIP: 3137H2N67<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1660440 | PA      | $282391.59    | 0.19%             | 2051-09-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                         | CUSIP: 3137H3RV6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1158528 | PA      | $203422.99    | 0.13%             | 2050-03-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                         | CUSIP: 3137H6M93<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  19897836 | PA      | $3311521.21   | 2.19%             | 2052-04-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                         | CUSIP: 3137HDWE6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  42377705 | PA      | $5628488.16   | 3.73%             | 2052-02-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association   | CUSIP: 38381V3K4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1723116 | PA      | $281933.45    | 0.19%             | 2048-05-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                          | CUSIP: 3136B2SU7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1550494 | PA      | $316871.57    | 0.21%             | 2048-08-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                          | CUSIP: 3136B8KY4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1462087 | PA      | $260231.19    | 0.17%             | 2050-02-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                         | CUSIP: 3137FNQ94<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    994292 | PA      | $203526.81    | 0.13%             | 2049-06-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                         | CUSIP: 3137FWUZ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3278703 | PA      | $740719.34    | 0.49%             | 2050-10-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                         | CUSIP: 3137H7U92<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6729627 | PA      | $985714.39    | 0.65%             | 2046-01-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   9300793 | NS      | $9300792.79   | 6.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                          | CUSIP: 3136BF3S0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1383493 | PA      | $296774.52    | 0.20%             | 2051-02-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                          | CUSIP: 3136BL5H9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  14870987 | PA      | $2437158.48   | 1.61%             | 2051-04-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                          | CUSIP: 3136BPPH8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1330313 | PA      | $171029.19    | 0.11%             | 2048-11-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                         | CUSIP: 3137FFFE2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3590218 | PA      | $618724.14    | 0.41%             | 2051-03-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                         | CUSIP: 3137H3FF4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  14906955 | PA      | $3505993.56   | 2.32%             | 2050-08-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                         | CUSIP: 3137H45A4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  10861122 | PA      | $1893742.03   | 1.25%             | 2050-11-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                          | CUSIP: 3136BHEZ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1001782 | PA      | $138549.72    | 0.09%             | 2041-05-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                         | CUSIP: 3137H5N52<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  42342538 | PA      | $5347995.95   | 3.54%             | 2052-02-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                         | CUSIP: 3137H6A88<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   9012515 | PA      | $970516.25    | 0.64%             | 2052-03-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association   | CUSIP: 38381RHE2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    279561 | PA      | $48526.39     | 0.03%             | 2049-02-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association   | CUSIP: 38382MRZ4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    868257 | PA      | $187455.48    | 0.12%             | 2050-12-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association   | CUSIP: 38382RAV0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4272144 | PA      | $806736.31    | 0.53%             | 2051-04-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association   | CUSIP: 38383FTR4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  29599802 | PA      | $3296994.61   | 2.18%             | 2051-12-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association   | CUSIP: 38383P4W8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4672680 | PA      | $736823.71    | 0.49%             | 2050-01-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association   | CUSIP: 38383PXU0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  17377132 | PA      | $3921989.26   | 2.60%             | 2052-03-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association   | CUSIP: 38383RE45<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   5074568 | PA      | $506482.53    | 0.34%             | 2047-11-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association   | CUSIP: 38383RXD4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  36929011 | PA      | $4749240.65   | 3.14%             | 2052-03-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association   | CUSIP: 38384HZN1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  33937199 | PA      | $4960135.37   | 3.28%             | 2051-09-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association   | CUSIP: 38384HZX9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  21208990 | PA      | $5207793.21   | 3.45%             | 2053-02-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association   | CUSIP: 38384J5Y6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1010298 | PA      | $203460.62    | 0.13%             | 2054-02-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                          | CUSIP: 3136BAJ62<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1772352 | PA      | $357469.31    | 0.24%             | 2050-07-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                          | CUSIP: 3136B7AV3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    745794 | PA      | $160719.23    | 0.11%             | 2049-11-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                          | CUSIP: 3136BDAU2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6608174 | PA      | $1003403.66   | 0.66%             | 2046-11-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association   | CUSIP: 38382BBC6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4227772 | PA      | $653092.28    | 0.43%             | 2048-11-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association   | CUSIP: 38382EKQ9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3281840 | PA      | $702104.40    | 0.46%             | 2050-01-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association   | CUSIP: 38382HGN4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2840437 | PA      | $514498.91    | 0.34%             | 2049-12-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association   | CUSIP: 38382LDE8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3392479 | PA      | $773949.56    | 0.51%             | 2049-02-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                          | CUSIP: 3136BRGY7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  35337251 | PA      | $5230443.23   | 3.46%             | 2049-10-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                         | CUSIP: 3137BQQ91<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2724395 | PA      | $448104.06    | 0.30%             | 2046-04-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                         | CUSIP: 3137HFAR6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   9664736 | PA      | $2344759.67   | 1.55%             | 2054-08-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association   | CUSIP: 38381YL93<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1649050 | PA      | $417175.73    | 0.28%             | 2049-09-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association   | CUSIP: 38382FF58<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3301570 | PA      | $446726.89    | 0.30%             | 2050-04-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association   | CUSIP: 38382LBK6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   7221621 | PA      | $1556745.33   | 1.03%             | 2050-11-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association   | CUSIP: 38383A6L3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2158398 | PA      | $425676.10    | 0.28%             | 2051-09-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association   | CUSIP: 38383CFG0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2480114 | PA      | $403875.88    | 0.27%             | 2051-10-20      | Fixed         | 3.00%                 | No            |                  2 | 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