# EDGAR Filing Document

**Accession Number:** 0001742912
**File Stem:** 0001145549-23-010640
**Filing Date:** 2023-2
**Character Count:** 38704
**Document Hash:** bf545ebf4ac50449c3bb67e1a979f211
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-010640.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001145549-23-010640

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20221231

**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:** 23672661

**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

### RPAR Risk Parity ETF (Series ID: S000066941)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000215408 | RPAR Risk Parity ETF | RPAR            |

## 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:** 844-986-7676

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

- **a. Name of Series:** RPAR Risk Parity ETF

- **b. EDGAR series identifier (if any):** S000066941

- **c. LEI of Series:** 549300P6SPNYGRUISQ43

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $992808823.54

**Total Liabilities:** $44637254.80

**Net Assets:** $948171568.74

**Cash Not Reported:** $28366239.22

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 3457.770000000000 | **1-Year:** 1090.670000000000 | **5-Year:** 0.000000000000 | **10-Year:** 235242.610000000000 | **30-Year:** 402576.950000000000

**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 C000215408 | 1.77%                | 8.12%                | -1.91%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1871432.17             | $37260818.17                               |
| Month 2  | $-32387926.03            | $96368838.64                               |
| Month 3  | $-4954239.87             | $-9731623.46                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AGCO Corp                      | AGCO Corp                                      | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |      6104 | NS      | $846563.76    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Antofagasta PLC                | Antofagasta PLC                                | CUSIP: N/A<br>LEI: 213800MY6QVH4FVLD628       | Long             | EC               | CORP              | CL        |     67811 | NS      | $1260668.58   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Co Inc    | American Water Works Co Inc                    | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |      8145 | NS      | $1241460.90   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| BP PLC                         | BP PLC                                         | CUSIP: 055622104<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |     61706 | NS      | $2155390.58   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| BHP Group Ltd                  | BHP Group Ltd                                  | CUSIP: 088606108<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |    154341 | NS      | $9576859.05   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings Inc     | CF Industries Holdings Inc                     | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |     13579 | NS      | $1156930.80   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc             | Coterra Energy Inc                             | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |     13562 | NS      | $333218.34    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                   | Chevron Corp                                   | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42418 | NS      | $7613606.82   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                 | ConocoPhillips                                 | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     27549 | NS      | $3250782.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corp                    | Cameco Corp                                    | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |     25972 | NS      | $588273.13    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Natural Resources Ltd | Canadian Natural Resources Ltd                 | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |     26444 | NS      | $1467452.20   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                    | Corteva Inc                                    | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |     54253 | NS      | $3188991.34   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| First Quantum Minerals Ltd     | First Quantum Minerals Ltd                     | CUSIP: 335934105<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | EC               | CORP              | CA        |     39656 | NS      | $827977.59    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co                     | Deere & Co                                     | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |     21819 | NS      | $9355114.44   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Imperial Oil Ltd               | Imperial Oil Ltd                               | CUSIP: 453038408<br>LEI: 549300JZNB745JT5WY51 | Long             | EC               | CORP              | CA        |     15087 | NS      | $734335.33    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corp              | Devon Energy Corp                              | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |     14917 | NS      | $917544.67    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc         | Diamondback Energy Inc                         | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |      4270 | NS      | $584050.60    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Eni SpA                        | Eni SpA                                        | CUSIP: 26874R108<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | EC               | CORP              | IT        |     34763 | NS      | $996307.58    | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| EOG Resources Inc              | EOG Resources Inc                              | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     15045 | NS      | $1948628.40   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc                     | Ecolab Inc                                     | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |      8983 | NS      | $1307565.48   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecopetrol SA                   | Ecopetrol SA                                   | CUSIP: 279158109<br>LEI: 254900IDGKCJICKBPA66 | Long             | EC               | CORP              | CO        |     52891 | NS      | $553768.77    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Teck Resources Ltd             | Teck Resources Ltd                             | CUSIP: 878742204<br>LEI: T8KI5SQ2JRWHL7XY0E11 | Long             | EC               | CORP              | CA        |     30645 | NS      | $1157315.51   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Enphase Energy Inc             | Enphase Energy Inc                             | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |      5246 | NS      | $1389980.16   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinor ASA                    | Equinor ASA                                    | CUSIP: 29446M102<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | EC               | CORP              | NO        |     70751 | NS      | $2533593.31   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp               | Exxon Mobil Corp                               | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     91081 | NS      | $10046234.30  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| FMC Corp                       | FMC Corp                                       | CUSIP: 302491303<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | EC               | CORP              | US        |     10174 | NS      | $1269715.20   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund     | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |  45019376 | NS      | $45019375.74  | 4.75%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                | First Solar Inc                                | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |      5562 | NS      | $833131.98    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc           | Freeport-McMoRan Inc                           | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |     86471 | NS      | $3285898.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Veolia Environnement SA        | Veolia Environnement SA                        | CUSIP: F9686M107<br>LEI: 969500LENY69X51OOT31 | Long             | EC               | CORP              | FR        |     31307 | NS      | $801895.43    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Hess Corp                      | Hess Corp                                      | CUSIP: 42809H107<br>LEI: UASVRYNXNK17ULIGK870 | Long             | EC               | CORP              | US        |      7108 | NS      | $1008056.56   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEX Corp                      | IDEX Corp                                      | CUSIP: 45167R104<br>LEI: 549300U5Y5EL6PHYLF13 | Long             | EC               | CORP              | US        |      3396 | NS      | $775408.68    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Gazprom PJSC                   | Gazprom PJSC                                   | CUSIP: 368287207<br>LEI: 213800FD9J2IHTA7YX78 | Long             | EC               | CORP              | RU        |    523190 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Marathon Oil Corp              | Marathon Oil Corp                              | CUSIP: 565849106<br>LEI: 1FRVQX2CRLGC1XLP5727 | Long             | EC               | CORP              | US        |     14260 | NS      | $386018.20    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Repsol SA                      | Repsol SA                                      | CUSIP: N/A<br>LEI: BSYCX13Y0NOTV14V9N85       | Long             | EC               | CORP              | ES        |     35471 | NS      | $562166.46    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Jiangxi Copper Co Ltd          | Jiangxi Copper Co Ltd                          | CUSIP: N/A<br>LEI: 3003002E74YFQ6MEZY56       | Long             | EC               | CORP              | CN        |    405346 | NS      | $598285.18    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortescue Metals Group Ltd     | Fortescue Metals Group Ltd                     | CUSIP: N/A<br>LEI: 529900VEJFORCO6I4826       | Long             | EC               | CORP              | AU        |    195264 | NS      | $2715898.98   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Mosaic Co/The                  | Mosaic Co/The                                  | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |     27804 | NS      | $1219761.48   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| OZ Minerals Ltd                | OZ Minerals Ltd                                | CUSIP: N/A<br>LEI: 529900O2VBT5CL7EZT27       | Long             | EC               | CORP              | AU        |     22393 | NS      | $423684.19    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| IGO Ltd                        | IGO Ltd                                        | CUSIP: N/A<br>LEI: 2549005DZO8VGXM5QN07       | Long             | EC               | CORP              | AU        |     53851 | NS      | $491546.49    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Kubota Corp                    | Kubota Corp                                    | CUSIP: N/A<br>LEI: 549300CSY4INHEHQQT13       | Long             | EC               | CORP              | JP        |     83844 | NS      | $1154606.45   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp      | Occidental Petroleum Corp                      | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |     24743 | NS      | $1558561.57   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Metal Mining Co Ltd   | Sumitomo Metal Mining Co Ltd                   | CUSIP: N/A<br>LEI: 353800CF81IXL9974H84       | Long             | EC               | CORP              | JP        |     20342 | NS      | $720129.46    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Natural Resources Co   | Pioneer Natural Resources Co                   | CUSIP: 723787107<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | EC               | CORP              | US        |      5455 | NS      | $1245867.45   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto PLC                  | Rio Tinto PLC                                  | CUSIP: 767204100<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |    102794 | NS      | $7318932.80   | 0.77%             |  |  |  | No            |                  1 | On Loan: —       |
| Yara International ASA         | Yara International ASA                         | CUSIP: N/A<br>LEI: 213800WKOUWXWFJ5Z514       | Long             | EC               | CORP              | NO        |     19882 | NS      | $869068.03    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                      | Shell PLC                                      | CUSIP: 780259305<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |     72979 | NS      | $4156154.05   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Santos Ltd                     | Santos Ltd                                     | CUSIP: 803021807<br>LEI: 5299000RK70B5O2M7077 | Long             | EC               | CORP              | AU        |     78422 | NS      | $382699.36    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sociedad Quimica y Minera de C | Sociedad Quimica y Minera de Chile SA          | CUSIP: 833635105<br>LEI: TJ88LXZZW5PWIN93ZC81 | Long             | EC               | CORP              | CL        |     21228 | NS      | $1694843.52   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| SolarEdge Technologies Inc     | SolarEdge Technologies Inc                     | CUSIP: 83417M104<br>LEI: 5493000K6Y58XXPDF853 | Long             | EC               | CORP              | IL        |      3087 | NS      | $874454.49    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Copper Corp           | Southern Copper Corp                           | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | MX        |     47490 | NS      | $2867921.10   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Toro Co/The                    | Toro Co/The                                    | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |      8927 | NS      | $1010536.40   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE               | TotalEnergies SE                               | CUSIP: 89151E109<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |     53243 | NS      | $3305325.44   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                    | CUSIP: 912796ZP7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 108388000 | PA      | $106272085.23 | 11.21%            | 2023-06-08      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                | United States Treasury Inflation Indexed Bonds | CUSIP: 912810QF8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6290040 | PA      | $6668697.81   | 0.70%             | 2040-02-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                | United States Treasury Inflation Indexed Bonds | CUSIP: 912810QP6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  33770605 | PA      | $35831185.80  | 3.78%             | 2041-02-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                | United States Treasury Inflation Indexed Bonds | CUSIP: 912810QV3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  41598479 | PA      | $34882031.98  | 3.68%             | 2042-02-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                | United States Treasury Inflation Indexed Bonds | CUSIP: 912810RA8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  44488520 | PA      | $35961232.00  | 3.79%             | 2043-02-15      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                | United States Treasury Inflation Indexed Bonds | CUSIP: 912810RF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  43888820 | PA      | $40830554.95  | 4.31%             | 2044-02-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                | United States Treasury Inflation Indexed Bonds | CUSIP: 912810RL4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  45599937 | PA      | $36948674.77  | 3.90%             | 2045-02-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                | United States Treasury Inflation Indexed Bonds | CUSIP: 912810RR1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  36252810 | PA      | $30848100.74  | 3.25%             | 2046-02-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                | United States Treasury Inflation Indexed Bonds | CUSIP: 912810RW0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  35908121 | PA      | $29495775.39  | 3.11%             | 2047-02-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                | United States Treasury Inflation Indexed Bonds | CUSIP: 912810SB5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  35888824 | PA      | $30267134.07  | 3.19%             | 2048-02-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                | United States Treasury Inflation Indexed Bonds | CUSIP: 912810SG4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  22907915 | PA      | $19187059.48  | 2.02%             | 2049-02-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                | United States Treasury Inflation Indexed Bonds | CUSIP: 912810SM1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  22398255 | PA      | $15140598.91  | 1.60%             | 2050-02-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                | United States Treasury Inflation Indexed Bonds | CUSIP: 912810SV1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10276668 | PA      | $6635553.69   | 0.70%             | 2051-02-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                | United States Treasury Inflation Indexed Bonds | CUSIP: 912810TE8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11187143 | PA      | $7264597.18   | 0.77%             | 2052-02-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| Vale SA                        | Vale SA                                        | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |    294487 | NS      | $4997444.39   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard FTSE Developed Market | Vanguard FTSE Developed Markets ETF            | CUSIP: 921943858<br>LEI: N/A                  | Long             | EC               | RF                | US        |   1125571 | NS      | $47240214.87  | 4.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard FTSE Emerging Markets | Vanguard FTSE Emerging Markets ETF             | CUSIP: 922042858<br>LEI: N/A                  | Long             | EC               | RF                | US        |   1808355 | NS      | $70489677.90  | 7.43%             |  |  |  | No            |                  1 | On Loan: —       |
| Vanguard Total Stock Market ET | Vanguard Total Stock Market ETF                | CUSIP: 922908769<br>LEI: N/A                  | Long             | EC               | RF                | US        |    598342 | NS      | $114397006.98 | 12.07%            |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Gold MiniShares Trust     | SPDR Gold MiniShares Trust                     | CUSIP: 98149E303<br>LEI: 5493002IEEMEY6LRJ932 | Long             | EC               | RF                | US        |   2773242 | NS      | $100363627.98 | 10.58%            |  |  |  | No            |                  1 | On Loan: —       |
| Xylem Inc/NY                   | Xylem Inc/NY                                   | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |      6964 | NS      | $770009.48    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens Gamesa Renewable Energ | Siemens Gamesa Renewable Energy SA             | CUSIP: N/A<br>LEI: 9598004BR8D81D3M1D64       | Long             | EC               | CORP              | ES        |     33925 | NS      | $653524.85    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Mowi ASA                       | Mowi ASA                                       | CUSIP: N/A<br>LEI: 549300W1OGQF5LZIH349       | Long             | EC               | CORP              | NO        |     34791 | NS      | $590504.03    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Novatek PJSC                   | Novatek PJSC                                   | CUSIP: 669888109<br>LEI: 2138008R6GCRVBDFA581 | Long             | EC               | CORP              | RU        |     13358 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Rosneft Oil Co PJSC            | Rosneft Oil Co PJSC                            | CUSIP: 67812M207<br>LEI: 253400JT3MQWNDKMJE44 | Long             | EC               | CORP              | RU        |    488696 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Mineral Resources Ltd          | Mineral Resources Ltd                          | CUSIP: N/A<br>LEI: 5299007V1ACKFFX2P066       | Long             | EC               | CORP              | AU        |     13036 | NS      | $682476.06    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Aker BP ASA                    | Aker BP ASA                                    | CUSIP: N/A<br>LEI: 549300NFTY73920OYK69       | Long             | EC               | CORP              | NO        |     16283 | NS      | $502655.60    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CMOC Group Ltd                 | CMOC Group Ltd                                 | CUSIP: N/A<br>LEI: 2549008KG3638J59U652       | Long             | EC               | CORP              | CN        |   2306446 | NS      | $1063838.41   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Geberit AG                     | Geberit AG                                     | CUSIP: N/A<br>LEI: 52990093Z5OHD6T7BS47       | Long             | EC               | CORP              | CH        |      1636 | NS      | $770079.98    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglo American PLC             | Anglo American PLC                             | CUSIP: N/A<br>LEI: 549300S9XF92D1X8ME43       | Long             | EC               | CORP              | GB        |     78045 | NS      | $3038452.61   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Pilbara Minerals Ltd           | Pilbara Minerals Ltd                           | CUSIP: N/A<br>LEI: 5299000VV1CZVF5K9C16       | Long             | EC               | CORP              | AU        |    215980 | NS      | $549250.64    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Suncor Energy Inc              | Suncor Energy Inc                              | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |     34718 | NS      | $1100511.53   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Tourmaline Oil Corp            | Tourmaline Oil Corp                            | CUSIP: 89156V106<br>LEI: 549300LCHLN94A7Y1572 | Long             | EC               | CORP              | CA        |      8821 | NS      | $444777.09    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Glencore PLC                   | Glencore PLC                                   | CUSIP: N/A<br>LEI: 2138002658CPO9NBH955       | Long             | EC               | CORP              | CH        |    776574 | NS      | $5160220.82   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Cenovus Energy Inc             | Cenovus Energy Inc                             | CUSIP: 15135U109<br>LEI: 549300F4XPHJ7NOSP309 | Long             | EC               | CORP              | CA        |     45427 | NS      | $880746.37    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PhosAgro PJSC                  | PhosAgro PJSC                                  | CUSIP: 71922G308<br>LEI: 25340053KRUNNYUWF472 | Long             | EC               | CORP              | RU        |     52122 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| OCI NV                         | OCI NV                                         | CUSIP: N/A<br>LEI: 549300NCMRGIBJYUOE57       | Long             | EC               | CORP              | NL        |     14287 | NS      | $509580.19    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Ivanhoe Mines Ltd              | Ivanhoe Mines Ltd                              | CUSIP: 46579R104<br>LEI: 5299006XZISURYIA4G32 | Long             | EC               | CORP              | CA        |     63115 | NS      | $498417.28    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutrien Ltd                    | Nutrien Ltd                                    | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |     38291 | NS      | $2793509.24   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Xinyi Solar Holdings Ltd       | Xinyi Solar Holdings Ltd                       | CUSIP: N/A<br>LEI: 529900QF7VIH03SB7Q08       | Long             | EC               | CORP              | CN        |    460322 | NS      | $509571.76    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| NAC Kazatomprom JSC            | NAC Kazatomprom JSC                            | CUSIP: 63253R201<br>LEI: 5493008JG5TXJP2JSY44 | Long             | EC               | CORP              | KZ        |     12882 | NS      | $362499.48    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferguson PLC                   | Ferguson PLC                                   | CUSIP: N/A<br>LEI: 213800DU1LGY3R2S2X42       | Long             | EC               | CORP              | GB        |     10246 | NS      | $1286727.61   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Boliden AB                     | Boliden AB                                     | CUSIP: N/A<br>LEI: 21380059QU7IM1ONDJ56       | Long             | EC               | CORP              | SE        |     18306 | NS      | $687386.39    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Allkem Ltd                     | Allkem Ltd                                     | CUSIP: N/A<br>LEI: 2138006SR6M416DVKM86       | Long             | EC               | CORP              | AU        |     47494 | NS      | $362018.55    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Woodside Energy Group Ltd      | Woodside Energy Group Ltd                      | CUSIP: N/A<br>LEI: 2549005ZC5RXAOO7FH41       | Long             | EC               | CORP              | AU        |     45426 | NS      | $1091751.96   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Vestas Wind Systems A/S        | Vestas Wind Systems A/S                        | CUSIP: N/A<br>LEI: 549300DYMC8BGZZC8844       | Long             | EC               | CORP              | DK        |     54347 | NS      | $1576315.32   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| South32 Ltd                    | South32 Ltd                                    | CUSIP: N/A<br>LEI: 213800LAZNPXSBKVHR17       | Long             | EC               | CORP              | AU        |    311234 | NS      | $844253.36    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MMC Norilsk Nickel PJSC        | MMC Norilsk Nickel PJSC                        | CUSIP: 55315J102<br>LEI: 253400JPTEEW143W3E47 | Long             | EC               | CORP              | RU        |    181762 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| LUKOIL PJSC                    | LUKOIL PJSC                                    | CUSIP: 69343P105<br>LEI: 549300LCJ1UJXHYBWI24 | Long             | EC               | CORP              | RU        |     31173 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CNH Industrial NV              | CNH Industrial NV                              | CUSIP: N20944109<br>LEI: 549300WGC2HZ5J67V817 | Long             | EC               | CORP              | GB        |     93015 | NS      | $1493820.90   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | US 10YR NOTE (CBT)Mar23                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      1504 | NC      | $-2287747.67  | -0.24%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | US ULTRA BOND CBT Mar23                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      1252 | NC      | $-6539885.62  | -0.69%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-27

**Name of Applicant:** Tidal ETF Trust

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer