# EDGAR Filing Document

**Accession Number:** 0001742912
**File Stem:** 0001387131-23-000675
**Filing Date:** 2023-1
**Character Count:** 10994
**Document Hash:** df459ca3fd06c70e77cb84e6ea8b6045
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001387131-23-000675.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0001387131-23-000675

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230126

**DATE AS OF CHANGE**: 20230126

**PERIOD START**: 20230831

**FILER**: 

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23377
- **FILM NUMBER:** 23555606

**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

### ATAC US Rotation ETF (Series ID: S000070010)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000222913 | ATAC US Rotation ETF | RORO            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **ATAC US Rotation ETF** | **ATAC US Rotation ETF** | **ATAC US Rotation ETF** |
| **Schedule of Investments (Unaudited)** | **Schedule of Investments (Unaudited)** | **Schedule of Investments (Unaudited)** |
| **November 30, 2022** | **November 30, 2022** | **November 30, 2022** |
| **<u>Description</u>** | **<u>Shares</u>** | **<u>Value</u>** |
| **EXCHANGE TRADED FUNDS - 99.1%** | | |
| iShares 10-20 Year Treasury Bond ETF <sup>(1)(2)</sup> | 42553 | $4711468 |
| PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund <sup>(1)</sup> | 28956 | 2639629 |
| **TOTAL EXCHANGE TRADED FUNDS** |  |  |
| &nbsp;&nbsp;&nbsp; **(Cost $6,730,116)** |  | 7351097 |
| **SHORT-TERM INVESTMENTS - 1.0%** |  |  |
| First American Government Obligations Fund, Class X, 3.668% <sup>(2)</sup> |  |  |
| &nbsp;&nbsp;&nbsp; **(Cost $74,506)** | 74506 | 74506 |
| **INVESTMENTS PURCHASED WITH COLLATERAL FROM SECURITIES LENDING - 49.8%** |  |  |
| Mount Vernon Liquid Assets Portfolio, LLC, 4.070% <sup>(3)</sup> |  |  |
| &nbsp;&nbsp;&nbsp; **(Cost $3,696,475)** | 3696475 | 3696475 |
| **Total Investments - 149.9%** |  |  |
| &nbsp;&nbsp;&nbsp; **(Cost $10,501,097)** |  | 11122078 |
| **Liabilities in Excess of Other Assets - (49.9)%** |  | (3700649) |
| **Total Net Assets - 100.0%** |  | $7421429 |

---

<sup>(1)</sup> Value of this security exceeds 25% of the ATAC US Rotation ETF's (the "Fund") net assets. Additional information for this security, including the financial statements, is available from the SEC's EDGAR database at www.sec.gov.

<sup>(2)</sup> This security or a portion of this security was out on loan as of November 30, 2022. Total loaned securities had a value of $3,696,475 or 49.8% of net assets as of November 30, 2022. The remaining contractual maturity of all of the securities lending transactions is overnight and continuous.

<sup>(3)</sup> The rate shown is the annualized seven-day effective yield as of November 30, 2022.

------

---

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

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investments in Securities** | **Investments** <br> **Measured at Net** <br> **Asset Value** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Exchange-Traded Funds | $– | $7351097 | $– | $– | $7351097 |
| Short-Term Investments | – | 74506 | – | – | 74506 |
| Investments Purchased With Collateral From Securities Lending <sup>(1)</sup> | 3696475 | – | – | – | 3696475 |
| Total Investments in Securities | $3696475 | $7425603 | $– | $– | $11122078 |
| <sup>(1)</sup> Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Schedule of Investments. | <sup>(1)</sup> Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Schedule of Investments. | <sup>(1)</sup> Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Schedule of Investments. | <sup>(1)</sup> Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Schedule of Investments. | <sup>(1)</sup> Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Schedule of Investments. | <sup>(1)</sup> Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Schedule of Investments. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53204

  - **Telephone number:** 8449867676

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

- **a. Name of Series:** ATAC US Rotation ETF

- **b. EDGAR series identifier (if any):** S000070010

- **c. LEI of Series:** 549300UQHIHB0ZI4VU84

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $11125175.92

**Total Liabilities:** $3703901.35

**Net Assets:** $7421274.57

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000222913 | -9.19%               | 6.30%                | 3.43%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-446259.52              | $-264453.47                                |
| Month 2  | $-823306.94              | $0.00                                      |
| Month 3  | $335239.26               | $-67586.37                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| First American Government Obli            | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |     74506 | NS      | $74506.15     | 1.00%             |  |  |  | No            | 1                  | On Loan: No      |
| ISHARES TR 10-20 YR TRS ETF               | ISHARES TR 10-20 YR TRS ETF                | CUSIP: 464288653<br>LEI: N/A                  | Long             | EC               | RF                | US        |     42553 | NS      | $4711468.16   | 63.49%            |  |  |  | No            | 1                  | On Loan: —       |
| PIMCO ETF TR 25YR+ ZERO U S               | PIMCO ETF TR 25YR+ ZERO U S                | CUSIP: 72201R882<br>LEI: N/A                  | Long             | EC               | RF                | US        |     28956 | NS      | $2639628.96   | 35.57%            |  |  |  | No            | 1                  | On Loan: No      |
| Mount Vernon Liquid Assets Portfolio, LLC | Mount Vernon Liquid Assets Portfolio, LLC  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |   3696475 | NS      | $3696475.00   | 49.81%            |  |  |  | No            | N/A                | On Loan: No      |

### Signature

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

**Name of Applicant:** Tidal ETF Trust

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial