# EDGAR Filing Document

**Accession Number:** 0001742912
**File Stem:** 0001145549-25-048758
**Filing Date:** 2025-7
**Character Count:** 25894
**Document Hash:** 118fe8414ca2d464200de2c011ea75e0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-048758.hdr.sgml**: 20250728

**ACCESSION NUMBER**: 0001145549-25-048758

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250728

**DATE AS OF CHANGE**: 20250728

**PERIOD START**: 20251130

**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:** 251155093

**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

### Sound Enhanced Fixed Income ETF (Series ID: S000070510)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000224019 | Sound Enhanced Fixed Income ETF | FXED            |

## 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:** Sound Enhanced Fixed Income ETF

- **b. EDGAR series identifier (if any):** S000070510

- **c. LEI of Series:** 549300R07TDHWH3VME68

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

- **a. Date of fiscal year-end:** 2025-11-30

- **b. Date as of which information is reported:** 2025-05-31

**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:** $52392192.54

**Total Liabilities:** $12193390.15

**Net Assets:** $40198802.39

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 87.950000000000 | **1-Year:** 472.680000000000 | **5-Year:** 281.920000000000 | **10-Year:** 1044.220000000000 | **30-Year:** 250.240000000000

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

- **3-Month:** 819.940000000000 | **1-Year:** 388.230000000000 | **5-Year:** 313.130000000000 | **10-Year:** 31.390000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000224019 | -2.46%               | -2.12%               | 1.51%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-90633.56               | $-1231659.46                               |
| Month 2  | $0.00                    | $-968382.95                                |
| Month 3  | $25537.87                | $320779.78                                 |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Sixth Street Specialty Lending            | Sixth Street Specialty Lending Inc                                  | CUSIP: 83012A109<br>LEI: 549300TX61566GJWCN05 | Long             | EC               | CORP              | US        |     52635 | NS      | $1225869.15   | 3.05%             |  |  |  | No            |                  1 | On Loan: —       |
| SOUTHERN CO                               | Southern Co/The                                                     | CUSIP: 842587800<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EP               | CORP              | US        |     39859 | NS      | $791201.15    | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| TARGA RESOURCES PARTNERS                  | Targa Resources Partners LP / Targa Resources Partners Finance Corp | CUSIP: 87612BBG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    879000 | PA      | $877778.52    | 2.18%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                     | Truist Financial Corp                                               | CUSIP: 89832Q745<br>LEI: 549300DRQQI75D2JP341 | Long             | EP               | CORP              | US        |     39340 | NS      | $819845.60    | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| AEGON FUNDING CO LLC                      | AEGON Funding Co LLC                                                | CUSIP: 00775V104<br>LEI: KEIOKM01PSK5VZ5CCI74 | Long             | EP               | CORP              | US        |     40298 | NS      | $784199.08    | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| AllianceBernstein Global High             | AllianceBernstein Global High Income Fund Inc                       | CUSIP: 01879R106<br>LEI: AE2ZT9UGMEIJ7T4R5734 | Long             | EC               | RF                | US        |    111578 | NS      | $1208389.74   | 3.01%             |  |  |  | No            |                  1 | On Loan: —       |
| ALLSTATE CORP                             | Allstate Corp/The                                                   | CUSIP: 020002838<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EP               | CORP              | US        |     39163 | NS      | $813807.14    | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpine Income Property Trust I            | Alpine Income Property Trust Inc                                    | CUSIP: 02083X103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23695 | NS      | $363007.40    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN AXLE & MFG INC                   | American Axle & Manufacturing Inc                                   | CUSIP: 02406PBB5<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |    798000 | PA      | $724450.49    | 1.80%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| APACHE CORP                               | Apache Corp                                                         | CUSIP: 037411AW5<br>LEI: 72ZZ1XRHOOU9P9X16K08 | Long             | DBT              | CORP              | US        |    879000 | PA      | $713164.73    | 1.77%             | 2040-09-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: —       |
| Apple Hospitality REIT Inc                | Apple Hospitality REIT Inc                                          | CUSIP: 03784Y200<br>LEI: 549300EVZAR0FBZO4F16 | Long             | EC               | CORP              | US        |     10908 | NS      | $126423.72    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Capital Corp                         | Ares Capital Corp                                                   | CUSIP: 04010L103<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | EC               | CORP              | US        |     65569 | NS      | $1445796.45   | 3.60%             |  |  |  | No            |                  1 | On Loan: —       |
| Simon Property Group Inc                  | Simon Property Group Inc                                            | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |      5157 | NS      | $840951.99    | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED RENTALS NORTH AM                   | United Rentals North America Inc                                    | CUSIP: 911365BG8<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    808000 | PA      | $800018.59    | 1.99%             | 2028-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| VanEck Emerging Markets High Y            | VanEck Emerging Markets High Yield Bond ETF                         | CUSIP: 92189F353<br>LEI: 5493000XZY6IPF1JRM25 | Long             | EC               | RF                | US        |     42275 | NS      | $827744.50    | 2.06%             |  |  |  | No            |                  1 | On Loan: —       |
| AT&T INC                                  | AT&T Inc                                                            | CUSIP: 00206R706<br>LEI: 549300Z40J86GGSTL398 | Long             | EP               | CORP              | US        |     40651 | NS      | $770336.45    | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| ASSOC BANC-CORP                           | Associated Banc-Corp                                                | CUSIP: 045487402<br>LEI: 549300N3CIN473IW5094 | Long             | EP               | CORP              | US        |     38019 | NS      | $743651.64    | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP                      | Bank of America Corp                                                | CUSIP: 06053U601<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |     40034 | NS      | $838712.30    | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Secured Lending Fun            | Blackstone Secured Lending Fund                                     | CUSIP: 09261X102<br>LEI: 549300KM7KWQHVBNH962 | Long             | EC               | CORP              | US        |     14440 | NS      | $460347.20    | 1.15%             |  |  |  | No            |                  1 | On Loan: —       |
| JPMORGAN CHASE & CO                       | JPMorgan Chase & Co                                                 | CUSIP: 48128B648<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |     38371 | NS      | $963879.52    | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| METLIFE INC                               | MetLife Inc                                                         | CUSIP: 59156R850<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EP               | CORP              | US        |     40122 | NS      | $778366.80    | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                            | Morgan Stanley                                                      | CUSIP: 61762V804<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |     41179 | NS      | $813285.25    | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                            | Morgan Stanley                                                      | CUSIP: 61762V861<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |     39929 | NS      | $677994.42    | 1.69%             |  |  |  | No            |                  1 | On Loan: —       |
| VICI Properties Inc                       | VICI Properties Inc                                                 | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |     18971 | NS      | $601570.41    | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & COMPANY                     | Wells Fargo & Co                                                    | CUSIP: 94988U128<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |     41883 | NS      | $758919.96    | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| WhiteHorse Finance Inc                    | WhiteHorse Finance Inc                                              | CUSIP: 96524V106<br>LEI: 5493006LP9COIV2ZIB05 | Long             | EC               | CORP              | US        |     50015 | NS      | $449634.85    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Armada Hoffler Properties Inc             | Armada Hoffler Properties Inc                                       | CUSIP: 04208T108<br>LEI: 549300WQRSIV6XZT9313 | Long             | EC               | CORP              | US        |     21183 | NS      | $147433.68    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS ENERGY CORP                           | CMS Energy Corp                                                     | CUSIP: 125896845<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EP               | CORP              | US        |     39076 | NS      | $868268.72    | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                  | Capital One Financial Corp                                          | CUSIP: 14040H782<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EP               | CORP              | US        |     42147 | NS      | $748952.19    | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| CELANESE US HOLDINGS LLC                  | Celanese US Holdings LLC                                            | CUSIP: 15089QAP9<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    152000 | PA      | $155657.58    | 0.39%             | 2032-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO                               | Chemours Co/The                                                     | CUSIP: 163851AE8<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |    490000 | PA      | $480063.99    | 1.19%             | 2027-05-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                      | Cleveland-Cliffs Inc                                                | CUSIP: 185899AH4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    812000 | PA      | $799954.14    | 1.99%             | 2027-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| DANA INC                                  | Dana Inc                                                            | CUSIP: 235825AH9<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |    662000 | PA      | $628328.63    | 1.56%             | 2030-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| DELL INC                                  | Dell Inc                                                            | CUSIP: 24702RAF8<br>LEI: 3E70L4WYANTIWWIPHC81 | Long             | DBT              | CORP              | US        |    688000 | PA      | $712179.07    | 1.77%             | 2038-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| First American Government Obli            | First American Government Obligations Fund                          | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   1197496 | NS      | $1197495.81   | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaming and Leisure Properties             | Gaming and Leisure Properties Inc                                   | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               | CORP              | US        |      2846 | NS      | $132908.20    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Golub Capital BDC Inc                     | Golub Capital BDC Inc                                               | CUSIP: 38173M102<br>LEI: 2549005WE0QLGK9APF78 | Long             | EC               | CORP              | US        |     78785 | NS      | $1198319.85   | 2.98%             |  |  |  | No            |                  1 | On Loan: —       |
| GOODYEAR TIRE & RUBBER                    | Goodyear Tire & Rubber Co/The                                       | CUSIP: 382550BN0<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |   1011000 | PA      | $969422.55    | 2.41%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| Hercules Capital Inc                      | Hercules Capital Inc                                                | CUSIP: 427096508<br>LEI: 549300UJ5OC256GR2B73 | Long             | EC               | CORP              | US        |     76330 | NS      | $1345697.90   | 3.35%             |  |  |  | No            |                  1 | On Loan: —       |
| HILTON DOMESTIC OPERATIN                  | Hilton Domestic Operating Co Inc                                    | CUSIP: 432833AF8<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    872000 | PA      | $855208.24    | 2.13%             | 2030-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| HUNTSMAN INTERNATIONAL L                  | Huntsman International LLC                                          | CUSIP: 44701QBE1<br>LEI: 3YTEJFW18LGIUQ2N5J61 | Long             | DBT              | CORP              | US        |    500000 | PA      | $467697.41    | 1.16%             | 2029-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Invesco Emerging Markets Sover            | Invesco Emerging Markets Sovereign Debt ETF                         | CUSIP: 46138E784<br>LEI: 549300VQ5VGUIVZMPZ95 | Long             | EC               | RF                | US        |     42637 | NS      | $844212.60    | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares J.P. Morgan EM High Yi            | iShares J.P. Morgan EM High Yield Bond ETF                          | CUSIP: 464286285<br>LEI: 549300DZF05WBBY0EZ78 | Long             | EC               | RF                | US        |     28226 | NS      | $1079079.98   | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares 0-5 Year High Yield Co            | iShares 0-5 Year High Yield Corporate Bond ETF                      | CUSIP: 46434V407<br>LEI: 549300R96U5WQ7R5ID10 | Long             | EC               | RF                | US        |     28842 | NS      | $1231553.40   | 3.06%             |  |  |  | No            |                  1 | On Loan: —       |
| MURPHY OIL CORP                           | Murphy Oil Corp                                                     | CUSIP: 626717AM4<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | DBT              | CORP              | US        |    512000 | PA      | $510468.71    | 1.27%             | 2027-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| NATIONAL FUEL GAS CO                      | National Fuel Gas Co                                                | CUSIP: 636180BP5<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | DBT              | CORP              | US        |    879000 | PA      | $874694.87    | 2.18%             | 2028-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| National Health Investors Inc             | National Health Investors Inc                                       | CUSIP: 63633D104<br>LEI: 549300ZPKZIG6DKDEC02 | Long             | EC               | CORP              | US        |      2956 | NS      | $214339.56    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| NNN REIT Inc                              | NNN REIT Inc                                                        | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               | CORP              | US        |      6905 | NS      | $288352.80    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| National Storage Affiliates Tr            | National Storage Affiliates Trust                                   | CUSIP: 637870106<br>LEI: 529900FS06O8GOYNR108 | Long             | EC               | CORP              | US        |      5635 | NS      | $193844.00    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Omega Healthcare Investors Inc            | Omega Healthcare Investors Inc                                      | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               | CORP              | US        |     11791 | NS      | $436267.00    | 1.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Blue Owl Capital Corp                     | Blue Owl Capital Corp                                               | CUSIP: 69121K104<br>LEI: 2549000BD79OOCPF2L94 | Long             | EC               | CORP              | US        |     28860 | NS      | $422799.00    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| PennantPark Floating Rate Capi            | PennantPark Floating Rate Capital Ltd                               | CUSIP: 70806A106<br>LEI: 529900BH3IP6381K4L72 | Long             | EC               | CORP              | US        |    104495 | NS      | $1076298.50   | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Plymouth Industrial REIT Inc              | Plymouth Industrial REIT Inc                                        | CUSIP: 729640102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12105 | NS      | $196101.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| RADIAN GROUP INC                          | Radian Group Inc                                                    | CUSIP: 750236AW1<br>LEI: 54930005OUP720S5U385 | Long             | DBT              | CORP              | US        |    722000 | PA      | $720733.42    | 1.79%             | 2027-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Realty Income Corp                        | Realty Income Corp                                                  | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |      8248 | NS      | $467001.76    | 1.16%             |  |  |  | No            |                  1 | On Loan: —       |
| Runway Growth Finance Corp                | Runway Growth Finance Corp                                          | CUSIP: 78163D100<br>LEI: 254900AXR3J2N1XT0V02 | Long             | EC               | CORP              | US        |     45824 | NS      | $455032.32    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPAND ENERGY CORP                        | Expand Energy Corp                                                  | CUSIP: 845467AT6<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |    554000 | PA      | $522785.59    | 1.30%             | 2032-02-01      | Fixed         | 4.75%                 | No            |                  2 | 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        |  11616190 | NS      | $11616189.50  | 28.90%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-28

**Name of Applicant:** Tidal Trust I

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer