# EDGAR Filing Document

**Accession Number:** 0001742912
**File Stem:** 0002000324-26-001992
**Filing Date:** 2026-5
**Character Count:** 74149
**Document Hash:** 465896336be7f4dbd437b31b7c99d1d5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-26-001992.hdr.sgml**: 20260521

**ACCESSION NUMBER**: 0002000324-26-001992

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260521

**DATE AS OF CHANGE**: 20260521

**PERIOD START**: 20261231

**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:** 261007500

**BUSINESS ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET, SUITE 700
- **CITY:** MILWAUKEE,
- **STATE:** WI
- **BUSINESS PHONE:** 844-986-7676

**MAIL ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET, SUITE 700
- **CITY:** MILWAUKEE,
- **STATE:** WI

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

## Series and Classes Contracts Data

### UPAR Ultra Risk Parity ETF (Series ID: S000074863)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000233167 | UPAR Ultra Risk Parity ETF | UPAR            |

## Nport-Ex

**UPAR Ultra Risk Parity ETF**

**Schedule of Investments**

**March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**COMMON STOCKS - 22.7%** | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Consumer Discretionary Products - 0.1%** | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Geberit AG | 75 | $49711 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Scotts Miracle-Gro Co. | 405 | 24628 |
|  |  | 74339 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Consumer Staple Products - 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Austevoll Seafood ASA | 1368 | 14521 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bakkafrost P/F | 423 | 19663 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bumitama Agri Ltd. | 13647 | 19463 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;China Youran Dairy Group Ltd.<sup>(a)</sup> | 30657 | 15094 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dekon Food And Agriculture Group - Class H | 2838 | 23511 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fresh Del Monte Produce, Inc. | 333 | 13407 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fuji Oil Co. Ltd. | 617 | 13927 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Leroy Seafood Group ASA | 4042 | 20415 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Salmar ASA | 966 | 56030 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schouw & Co A/S | 180 | 18346 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Suedzucker AG | 1403 | 21015 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tate & Lyle PLC | 3322 | 15858 |
|  |  | 251250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Industrial Products - 2.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AGCO Corp. | 520 | 60252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alamo Group, Inc. | 83 | 13693 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CNH Industrial NV - Class A | 9284 | 102124 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deere & Co. | 2001 | 1127163 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Tractor Co. Ltd. | 10693 | 11361 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Halma PLC | 815 | 40862 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Husqvarna AB | 4039 | 15700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IDEX Corp. | 162 | 30707 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kubota Corp. | 8058 | 124448 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pentair PLC | 370 | 32231 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Toro Co. | 705 | 65875 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Xylem, Inc. | 524 | 62618 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zurn Elkay Water Solutions Corp. | 365 | 16367 |
|  |  | 1703401 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Industrial Services - 0.0%<sup>(b)</sup>** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tetra Tech, Inc. | 550 | 16566 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Materials - 8.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advanced Drainage Systems, Inc. | 170 | 23312 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Antofagasta PLC | 3872 | 169877 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aurubis AG | 185 | 31974 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BHP Group Ltd., ADR | 9997 | 727182 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Boliden AB | 1118 | 57002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cameco Corp. | 1789 | 193931 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capstone Copper Corp.<sup>(a)</sup> | 3008 | $22610 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CF Industries Holdings, Inc. | 1086.0 | 141006 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;China Nonferrous Mining Corp. Ltd. | 16569.0 | 24282 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;China XLX Fertiliser Ltd. | 8977.0 | 12492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CMOC Group Ltd. | 90486.0 | 185815 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corteva, Inc. | 4668.0 | 390758 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ecolab, Inc. | 626.0 | 166529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Quantum Minerals Ltd.<sup>(a)</sup> | 3193.0 | 76098 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fortescue Ltd. | 12004.0 | 166979 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Freeport-McMoRan, Inc. | 5627.0 | 330755 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Glencore PLC | 46970.0 | 350268 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GMK Norilskiy Nickel PAO, ADR<sup>(a)(c)</sup> | 3990.0 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hudbay Minerals, Inc. | 1527.0 | 31874 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ivanhoe Mines Ltd. - Class A<sup>(a)</sup> | 5660.0 | 48223 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jiangxi Copper Co. Ltd. | 17542.0 | 76297 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;K+S AG | 1237.0 | 23232 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KWS Saat SE & Co KGaA | 230.0 | 19955 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lundin Mining Corp. | 3354.0 | 83372 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lynas Rare Earths Ltd.<sup>(a)</sup> | 3890.0 | 52437 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mineral Resources Ltd.<sup>(a)</sup> | 715.0 | 26253 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MMG Ltd.<sup>(a)</sup> | 49402.0 | 45494 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mosaic Co. | 2347.0 | 59849 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MP Materials Corp.<sup>(a)</sup> | 670.0 | 32334 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NAC Kazatomprom JSC, GDR | 1084.0 | 84552 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NexGen Energy Ltd.<sup>(a)</sup> | 2621.0 | 30313 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nutrien Ltd. | 3337.0 | 251097 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PhosAgro PJSC, GDR<sup>(a)(c)</sup> | 1126.0 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PLS Group Ltd.<sup>(a)</sup> | 10907.0 | 38247 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rio Tinto PLC, ADR | 6801.0 | 634465 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sociedad Quimica y Minera de Chile SA - Class B, ADR<sup>(a)</sup> | 1807.0 | 146259 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;South32 Ltd. | 17619.0 | 51527 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Southern Copper Corp. | 3245.0 | 558250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sumitomo Metal Mining Co. Ltd. | 1063.0 | 59167 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Teck Resources Ltd. | 1933.0 | 99867 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Uranium Energy Corp.<sup>(a)</sup> | 2035.0 | 27473 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vale SA, ADR | 18251.0 | 290373 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yara International ASA | 1771.0 | 102541 |
|  |  | 5944321 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Oil & Gas - 9.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aker BP ASA | 1337.0 | 49563 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BP PLC, ADR | 5531.0 | 259957 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canadian Natural Resources Ltd. | 4318.0 | 209967 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cenovus Energy, Inc. | 4049.0 | 107118 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chevron Corp. | 4219.0 | 872911 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ConocoPhillips | 2544.0 | 335808 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Coterra Energy, Inc. | 1634.0 | 57419 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Devon Energy Corp. | 1332.0 | 67026 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diamondback Energy, Inc. | 625.0 | 123619 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ecopetrol SA, ADR | 4554.0 | 68264 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Eni SpA, ADR | 3196.0 | 180926 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EOG Resources, Inc. | 1142 | $165099 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EQT Corp. | 1289.0 | 82032 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equinor ASA, ADR | 5358.0 | 226108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expand Energy Corp. | 489.0 | 53682 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exxon Mobil Corp. | 8830.0 | 1498098 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Galp Energia SGPS SA | 1602.0 | 38781 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gazprom PJSC, ADR<sup>(a)(c)</sup> | 11925.0 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Imperial Oil Ltd. | 1039.0 | 135657 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inpex Corp. | 2661.0 | 78246 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LUKOIL PJSC, ADR<sup>(a)(c)</sup> | 818.0 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Novatek PJSC, GDR<sup>(a)(c)</sup> | 329.0 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Occidental Petroleum Corp. | 2094.0 | 136110 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OMV AG<sup>(a)</sup> | 688.0 | 50100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Permian Resources Corp. - Class A | 1619.0 | 34517 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Repsol SA | 2259.0 | 64160 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rosneft Oil Co. PJSC, GDR<sup>(a)(c)</sup> | 10479.0 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Santos Ltd. | 6877.0 | 38030 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shell PLC, ADR | 5847.0 | 543771 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Suncor Energy, Inc. | 2528.0 | 166674 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TotalEnergies SE, ADR | 4556.0 | 414505 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tourmaline Oil Corp. | 812.0 | 38739 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Woodside Energy Group Ltd. | 3834.0 | 92038 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;YPF SA - Class D, ADR<sup>(a)</sup> | 855.0 | 39518 |
|  |  | 6228443 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Renewable Energy - 1.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Enphase Energy, Inc.<sup>(a)</sup> | 773.0 | 29227 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Eos Energy Enterprises, Inc.<sup>(a)</sup> | 2860.0 | 14186 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Solar, Inc.<sup>(a)</sup> | 747.0 | 147353 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Flat Glass Group Co. Ltd. - Class H<sup>(a)</sup> | 21970.0 | 24071 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fluence Energy, Inc. - Class A<sup>(a)</sup> | 1050.0 | 14448 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldwind Science & Technology Co. Ltd. | 40478.0 | 73726 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Guoxia Technology Co. Ltd.<sup>(a)</sup> | 3215.0 | 18510 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hainan Drinda New Energy Technology Co. Ltd.<sup>(a)</sup> | 4703.0 | 16328 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nextpower, Inc. - Class A<sup>(a)</sup> | 936.0 | 112835 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nordex SE<sup>(a)</sup> | 1108.0 | 58138 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Plug Power, Inc.<sup>(a)</sup> | 7771.0 | 17563 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Solv Energy, Inc. - Class A<sup>(a)</sup> | 680.0 | 20420 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sunrun, Inc.<sup>(a)</sup> | 1301.0 | 17642 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vestas Wind Systems A/S | 5777.0 | 169380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Xinyi Solar Holdings Ltd. | 57403.0 | 21306 |
|  |  | 755133 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Utilities - 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Water Works Co., Inc. | 428.0 | 58247 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Companhia de Saneamento Basico do Estado de Sao Paulo, ADR | 1529.0 | 46664 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Essential Utilities, Inc. | 620.0 | 24967 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Severn Trent PLC | 655.0 | 26690 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Utilities Group PLC | 1485.0 | 25751 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Veolia Environnement SA | 1615 | $60774 |
|  |  | 243093 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL COMMON STOCKS (Cost $11,877,932)** |  | 15216546 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**EXCHANGE TRADED FUNDS - 26.2%** | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SPDR Gold MiniShares Trust<sup>(a)</sup> | 109976 | 10193676 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vanguard Extended Market ETF | 11580 | 2383164 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vanguard FTSE Developed Markets ETF | 25800 | 1653264 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vanguard FTSE Emerging Markets ETF | 62264 | 3365369 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL EXCHANGE TRADED FUNDS (Cost $10,442,065)** |  | 17595473 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**U.S. TREASURY SECURITIES - 48.5%** | **Interest<br> Rate** | **Maturity <br> Date** | **Principal<br> Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Inflation Indexed Bond | 2.13% | 02/15/2041 | $2195170 | 2129639 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Inflation Indexed Bond | 0.75% | 02/15/2042 | 3820221 | 2952364 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Inflation Indexed Bond | 0.63% | 02/15/2043 | 3784296 | 2798138 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Inflation Indexed Bond | 1.38% | 02/15/2044 | 4158828 | 3449397 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Inflation Indexed Bond | 0.75% | 02/15/2045 | 4042831 | 2913714 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Inflation Indexed Bond | 1.00% | 02/15/2046 | 4105716 | 3056621 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Inflation Indexed Bond | 0.88% | 02/15/2047 | 3759246 | 2677341 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Inflation Indexed Bond | 1.00% | 02/15/2048 | 3450399 | 2488505 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Inflation Indexed Bond | 1.00% | 02/15/2049 | 2819052 | 2004249 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Inflation Indexed Bond | 0.25% | 02/15/2050 | 2416341 | 1374819 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Inflation Indexed Bond | 0.13% | 02/15/2051 | 2256200 | 1205200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Inflation Indexed Bond | 0.13% | 02/15/2052 | 2169719 | 1132951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Inflation Indexed Bond | 1.50% | 02/15/2053 | 1342571 | 1034568 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Inflation Indexed Bond | 2.13% | 02/15/2054 | 2362250 | 2092188 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Inflation Indexed Bond | 2.38% | 02/15/2055 | 1295653 | 1209216 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL U.S. TREASURY SECURITIES (Cost $35,512,314)** |  |  |  | 32518910 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**SHORT-TERM INVESTMENTS - 0.0%<sup>(b)</sup>** | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Money Market Funds - 0.0%<sup>(b)</sup>** | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First American Government Obligations Fund - Class X, 3.53%<sup>(d)</sup> | 5648 | 5648 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL SHORT-TERM INVESTMENTS (Cost $5,648)** |  | 5648 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL INVESTMENTS - 97.4% (Cost $57,837,959)** |  | $65336577 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Assets in Excess of Liabilities - 2.6% |  | 1737612 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL NET ASSETS - 100.0%** |  | $67074189 |

---

Percentages are stated as a percent of net assets.

---

| | |
|:---|:---|
| ADR | American Depositary Receipt |
| GDR | Global Depositary Receipt |
| JSC | Joint Stock Company |
| PLC | Public Limited Company |
| PJSC | Public Joint Stock Company |

---

&nbsp;&nbsp;&nbsp;&nbsp;(a) Non-income producing security.

(b) Does not round to 0.1% or (0.1)%, as applicable.

(c) Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $0 or 0.0% of net assets as of March 31, 2026.

(d) The rate shown represents the 7-day annualized effective yield as of March 31, 2026.

---

| |
|:---|
| **UPAR Ultra Risk Parity ETF** |
| **Schedule of Futures Contracts** |
| **March 31, 2026 (Unaudited)** |

---

The UPAR Ultra Risk Parity ETF had the following futures contracts outstanding with Phillip Capital, Inc. and SNC Capital Management Corp. as of March 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **FUTURES CONTRACTS - (2.1)%** | | | | |
| **Description** | **Contracts<br> Purchased** | **Expiration<br> Date**  | **Notional<br> Value** | **Value / <br> Unrealized <br> Appreciation (Depreciation)** |
| Micro E-mini S&P 500 Index | 296 | 06/18/2026 | $9724710 | $(275904) |
| MSCI EAFE Index | 20 | 06/19/2026 | 2901100 | (43205) |
| MSCI Emerging Markets Index | 50 | 06/19/2026 | 3636500 | (134261) |
| U.S. Treasury 10 Year Note | 156 | 06/18/2026 | 17323313 | (353488) |
| U.S. Ultra Long Bond | 146 | 06/18/2026 | 17018125 | (594195) |
| **Net Unrealized Appreciation (Depreciation)** |  |  |  | $(1401053) |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53204

  - **Telephone number:** 8449867676

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

- **a. Name of Series:** Upar Ultra Risk Parity ETF

- **b. EDGAR series identifier (if any):** S000074863

- **c. LEI of Series:** 549300AG524C6OMIZ174

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $67127139.06

**Total Liabilities:** $52937.17

**Net Assets:** $67074201.89

**Cash Not Reported:** $1119085.43

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0 | **1-Year:** 0 | **5-Year:** -10300.71 | **10-Year:** -2754.2 | **30-Year:** -83892.01

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

- **3-Month:** 0 | **1-Year:** 0 | **5-Year:** 0 | **10-Year:** 0 | **30-Year:** 0

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000233167 | 5.85%                | 7.11%                | -7.97%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.16                    | $3520639.92                                |
| Month 2  | $50.60                   | $3637706.30                                |
| Month 3  | $722928.84               | $-4445709.32                               |

**Designated Index Information**

- **Index Name:** S&P 500 Total Return Index

- **Index Identifier:** SPTR

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Advanced Drainage Systems Inc                  | Advanced Drainage Systems Inc                          | CUSIP: 00790R104<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | EC               | CORP              | US        |       170 | NS      | $23312.10     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AGCO Corp                                      | AGCO Corp                                              | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |       520 | NS      | $60252.40     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Aker BP ASA                                    | Aker BP ASA                                            | CUSIP: N/A<br>LEI: 549300NFTY73920OYK69       | Long             | EC               | CORP              | NO        |      1337 | NS      | $49563.00     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamo Group Inc                                | Alamo Group Inc                                        | CUSIP: 011311107<br>LEI: 54930080C93RVZRSDV26 | Long             | EC               | CORP              | US        |        83 | NS      | $13692.51     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Co Inc                    | American Water Works Co Inc                            | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |       428 | NS      | $58246.52     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Antofagasta PLC                                | Antofagasta PLC                                        | CUSIP: N/A<br>LEI: 213800MY6QVH4FVLD628       | Long             | EC               | CORP              | CL        |      3872 | NS      | $169877.41    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Aurubis AG                                     | Aurubis AG                                             | CUSIP: N/A<br>LEI: 5299005SHIN9ZK7GW242       | Long             | EC               | CORP              | DE        |       185 | NS      | $31973.73     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Austevoll Seafood ASA                          | Austevoll Seafood ASA                                  | CUSIP: N/A<br>LEI: 5967007LIEEXZXFFDC03       | Long             | EC               | CORP              | NO        |      1368 | NS      | $14521.29     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Bakkafrost P/F                                 | Bakkafrost P/F                                         | CUSIP: N/A<br>LEI: 2138007LH7OP4V112978       | Long             | EC               | CORP              | FO        |       423 | NS      | $19662.80     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BHP Group Ltd                                  | BHP Group Ltd                                          | CUSIP: 088606108<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |      9997 | NS      | $727181.78    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Boliden AB                                     | Boliden AB                                             | CUSIP: N/A<br>LEI: 21380059QU7IM1ONDJ56       | Long             | EC               | CORP              | SE        |      1118 | NS      | $57001.72     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| BP PLC                                         | BP PLC                                                 | CUSIP: 055622104<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |      5531 | NS      | $259957.00    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Bumitama Agri Ltd                              | Bumitama Agri Ltd                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SG        |     13647 | NS      | $19463.23     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corp                                    | Cameco Corp                                            | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |      1789 | NS      | $193930.65    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Natural Resources Ltd                 | Canadian Natural Resources Ltd                         | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |      4318 | NS      | $209967.02    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Capstone Copper Corp                           | Capstone Copper Corp                                   | CUSIP: 14071L108<br>LEI: 549300III6KGKKC42W63 | Long             | EC               | CORP              | CA        |      3008 | NS      | $22610.38     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Cenovus Energy Inc                             | Cenovus Energy Inc                                     | CUSIP: 15135U109<br>LEI: 254900LJGL2N2XEMD470 | Long             | EC               | CORP              | CA        |      4049 | NS      | $107118.40    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings Inc                     | CF Industries Holdings Inc                             | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |      1086 | NS      | $141006.24    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                                   | Chevron Corp                                           | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4219 | NS      | $872911.10    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| China Nonferrous Mining Corp L                 | China Nonferrous Mining Corp Ltd                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     16569 | NS      | $24282.26     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| China XLX Fertiliser Ltd                       | China XLX Fertiliser Ltd                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SG        |      8977 | NS      | $12491.91     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| China Youran Dairy Group Ltd                   | China Youran Dairy Group Ltd                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     30657 | NS      | $15093.50     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cia de Saneamento Basico do Es                 | Cia de Saneamento Basico do Estado de Sao Paulo SABESP | CUSIP: 20441A102<br>LEI: 254900UOXRZRS2TNWP19 | Long             | EC               | CORP              | BR        |      1529 | NS      | $46663.77     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CMOC Group Ltd                                 | CMOC Group Ltd                                         | CUSIP: N/A<br>LEI: 2549008KG3638J59U652       | Long             | EC               | CORP              | CN        |     90486 | NS      | $185814.72    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| CNH Industrial NV                              | CNH Industrial NV                                      | CUSIP: N/A<br>LEI: 549300WGC2HZ5J67V817       | Long             | EC               | CORP              | GB        |      9284 | NS      | $102124.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                                 | ConocoPhillips                                         | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |      2544 | NS      | $335808.00    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                                    | Corteva Inc                                            | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |      4668 | NS      | $390758.28    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc                             | Coterra Energy Inc                                     | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |      1634 | NS      | $57418.76     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co                                     | Deere & Co                                             | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |      2001 | NS      | $1127163.30   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Dekon Food And Agriculture Group               | Dekon Food And Agriculture Group                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |      2838 | NS      | $23510.64     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corp                              | Devon Energy Corp                                      | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |      1332 | NS      | $67026.24     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                         | Diamondback Energy Inc                                 | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |       625 | NS      | $123618.75    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc                                     | Ecolab Inc                                             | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |       626 | NS      | $166528.52    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecopetrol SA                                   | Ecopetrol SA                                           | CUSIP: 279158109<br>LEI: 254900IDGKCJICKBPA66 | Long             | EC               | CORP              | CO        |      4554 | NS      | $68264.46     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Eni SpA                                        | Eni SpA                                                | CUSIP: 26874R108<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | EC               | CORP              | IT        |      3196 | NS      | $180925.56    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Enphase Energy Inc                             | Enphase Energy Inc                                     | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |       773 | NS      | $29227.13     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc                              | EOG Resources Inc                                      | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |      1142 | NS      | $165098.94    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Eos Energy Enterprises Inc                     | Eos Energy Enterprises Inc                             | CUSIP: 29415C101<br>LEI: 529900UCCJMLRGDXVT41 | Long             | EC               | CORP              | US        |      2860 | NS      | $14185.60     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corp                                       | EQT Corp                                               | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |      1289 | NS      | $82031.96     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinor ASA                                    | Equinor ASA                                            | CUSIP: 29446M102<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | EC               | CORP              | NO        |      5358 | NS      | $226107.60    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Utilities Inc                        | Essential Utilities Inc                                | CUSIP: 29670G102<br>LEI: 549300ILTEOF3E3QY357 | Long             | EC               | CORP              | US        |       620 | NS      | $24967.40     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp                             | Expand Energy Corp                                     | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |       489 | NS      | $53682.42     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                               | Exxon Mobil Corp                                       | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      8830 | NS      | $1498097.80   | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli                 | First American Government Obligations Fund             | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |      5648 | NS      | $5648.24      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| First Quantum Minerals Ltd                     | First Quantum Minerals Ltd                             | CUSIP: 335934105<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | EC               | CORP              | CA        |      3193 | NS      | $76098.44     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                                | First Solar Inc                                        | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |       747 | NS      | $147353.22    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| First Tractor Co Ltd                           | First Tractor Co Ltd                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     10693 | NS      | $11361.02     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Flat Glass Group Co Ltd                        | Flat Glass Group Co Ltd                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     21970 | NS      | $24071.11     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Fluence Energy Inc                             | Fluence Energy Inc                                     | CUSIP: 34379V103<br>LEI: 25490043LHZ97BT5PP29 | Long             | EC               | CORP              | US        |      1050 | NS      | $14448.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortescue Ltd                                  | Fortescue Ltd                                          | CUSIP: N/A<br>LEI: 529900VEJFORCO6I4826       | Long             | EC               | CORP              | AU        |     12004 | NS      | $166979.14    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc                           | Freeport-McMoRan Inc                                   | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |      5627 | NS      | $330755.06    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresh Del Monte Produce Inc                    | Fresh Del Monte Produce Inc                            | CUSIP: N/A<br>LEI: 529900I72V9F0FEZR228       | Long             | EC               | CORP              | US        |       333 | NS      | $13406.58     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| FUJI OIL CO LTD /Osaka                         | FUJI OIL CO LTD /Osaka                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       617 | NS      | $13927.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Galp Energia SGPS SA                           | Galp Energia SGPS SA                                   | CUSIP: N/A<br>LEI: 2138003319Y7NM75FG53       | Long             | EC               | CORP              | PT        |      1602 | NS      | $38780.99     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Gazprom PJSC                                   | Gazprom PJSC                                           | CUSIP: 368287207<br>LEI: N/A                  | Long             | EC               | CORP              | RU        |     11925 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Geberit AG                                     | Geberit AG                                             | CUSIP: N/A<br>LEI: 52990093Z5OHD6T7BS47       | Long             | EC               | CORP              | CH        |        75 | NS      | $49710.66     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Glencore PLC                                   | Glencore PLC                                           | CUSIP: N/A<br>LEI: 2138002658CPO9NBH955       | Long             | EC               | CORP              | CH        |     46970 | NS      | $350268.16    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| GMK Norilskiy Nickel PAO                       | GMK Norilskiy Nickel PAO                               | CUSIP: 55315J102<br>LEI: 253400JPTEEW143W3E47 | Long             | EC               | CORP              | RU        |      3990 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Goldwind Science & Technology Co Ltd           | Goldwind Science & Technology Co Ltd                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     40478 | NS      | $73725.90     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Guoxia Technology Co Ltd                       | Guoxia Technology Co Ltd                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |      3215 | NS      | $18510.38     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Hainan Drinda New Energy Technology Co Ltd     | Hainan Drinda New Energy Technology Co Ltd             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |      4703 | NS      | $16328.11     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Halma PLC                                      | Halma PLC                                              | CUSIP: N/A<br>LEI: 2138007FRGLUR9KGBT40       | Long             | EC               | CORP              | GB        |       815 | NS      | $40861.77     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Hudbay Minerals Inc                            | Hudbay Minerals Inc                                    | CUSIP: 443628102<br>LEI: 894500LX3TMESP27BE29 | Long             | EC               | CORP              | CA        |      1527 | NS      | $31873.82     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Husqvarna AB                                   | Husqvarna AB                                           | CUSIP: N/A<br>LEI: 549300GYQIIJ3UXB7655       | Long             | EC               | CORP              | SE        |      4039 | NS      | $15700.21     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEX Corp                                      | IDEX Corp                                              | CUSIP: 45167R104<br>LEI: 549300U5Y5EL6PHYLF13 | Long             | EC               | CORP              | US        |       162 | NS      | $30707.10     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Imperial Oil Ltd                               | Imperial Oil Ltd                                       | CUSIP: 453038408<br>LEI: 549300JZNB745JT5WY51 | Long             | EC               | CORP              | CA        |      1039 | NS      | $135657.05    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Inpex Corp                                     | Inpex Corp                                             | CUSIP: N/A<br>LEI: 353800VHYYADPR6MXQ47       | Long             | EC               | CORP              | JP        |      2661 | NS      | $78246.01     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Ivanhoe Mines Ltd                              | Ivanhoe Mines Ltd                                      | CUSIP: 46579R104<br>LEI: 5299006XZISURYIA4G32 | Long             | EC               | CORP              | CA        |      5660 | NS      | $48222.85     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Jiangxi Copper Co Ltd                          | Jiangxi Copper Co Ltd                                  | CUSIP: N/A<br>LEI: 3003002E74YFQ6MEZY56       | Long             | EC               | CORP              | CN        |     17542 | NS      | $76296.80     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| K+S AG                                         | K+S AG                                                 | CUSIP: N/A<br>LEI: 529900YURAYD4IJX2J91       | Long             | EC               | CORP              | DE        |      1237 | NS      | $23232.05     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Kubota Corp                                    | Kubota Corp                                            | CUSIP: N/A<br>LEI: 549300CSY4INHEHQQT13       | Long             | EC               | CORP              | JP        |      8058 | NS      | $124448.46    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| KWS Saat SE & Co KGaA                          | KWS Saat SE & Co KGaA                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | DE        |       230 | NS      | $19955.06     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Leroy Seafood Group ASA                        | Leroy Seafood Group ASA                                | CUSIP: N/A<br>LEI: 5967007LIEEXZXJ2JK50       | Long             | EC               | CORP              | NO        |      4042 | NS      | $20415.50     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| LUKOIL PJSC                                    | LUKOIL PJSC                                            | CUSIP: 69343P105<br>LEI: 549300LCJ1UJXHYBWI24 | Long             | EC               | CORP              | RU        |       818 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Lundin Mining Corp                             | Lundin Mining Corp                                     | CUSIP: 550372106<br>LEI: 549300FQDIM6C8HTN269 | Long             | EC               | CORP              | CA        |      3354 | NS      | $83372.33     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Lynas Rare Earths Ltd                          | Lynas Rare Earths Ltd                                  | CUSIP: 551073307<br>LEI: 529900SGT9M1FJPXXI35 | Long             | EC               | CORP              | AU        |      3890 | NS      | $52437.20     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Mineral Resources Ltd                          | Mineral Resources Ltd                                  | CUSIP: N/A<br>LEI: 5299007V1ACKFFX2P066       | Long             | EC               | CORP              | AU        |       715 | NS      | $26252.95     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MMG Ltd                                        | MMG Ltd                                                | CUSIP: N/A<br>LEI: 529900XB5IQXFMSWEC48       | Long             | EC               | CORP              | AU        |     49402 | NS      | $45494.05     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Mosaic Co/The                                  | Mosaic Co/The                                          | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |      2347 | NS      | $59848.50     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MP Materials Corp                              | MP Materials Corp                                      | CUSIP: 553368101<br>LEI: 89450063PHPS61USMT84 | Long             | EC               | CORP              | US        |       670 | NS      | $32334.20     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                            | MSCI EAFE         Jun26                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        20 | NC      | $-43204.40    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                            | MSCI EmgMkt       Jun26                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        50 | NC      | $-134261.00   | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                            | SP500 MIC EMIN FUTJun26                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       296 | NC      | $-275904.26   | -0.41%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                            | US 10YR NOTE (CBT)Jun26                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       156 | NC      | $-353488.02   | -0.53%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                            | US ULTRA BOND CBT Jun26                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       146 | NC      | $-594195.22   | -0.89%            |  |  |  | No            |                  1 | On Loan: No      |
| NAC Kazatomprom JSC                            | NAC Kazatomprom JSC                                    | CUSIP: 63253R201<br>LEI: 5493008JG5TXJP2JSY44 | Long             | EC               | CORP              | KZ        |      1084 | NS      | $84552.00     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| NexGen Energy Ltd                              | NexGen Energy Ltd                                      | CUSIP: 65340P106<br>LEI: 529900N0IXNXB3IP7F06 | Long             | EC               | CORP              | CA        |      2621 | NS      | $30312.74     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Nextpower Inc                                  | Nextpower Inc                                          | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       936 | NS      | $112834.80    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordex SE                                      | Nordex SE                                              | CUSIP: N/A<br>LEI: 529900HVDYCUWVD0OE76       | Long             | EC               | CORP              | DE        |      1108 | NS      | $58138.40     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Novatek PJSC                                   | Novatek PJSC                                           | CUSIP: 669888109<br>LEI: N/A                  | Long             | EC               | CORP              | RU        |       329 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Nutrien Ltd                                    | Nutrien Ltd                                            | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |      3337 | NS      | $251096.97    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp                      | Occidental Petroleum Corp                              | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |      2094 | NS      | $136110.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| OMV AG                                         | OMV AG                                                 | CUSIP: N/A<br>LEI: 549300V62YJ9HTLRI486       | Long             | EC               | CORP              | AT        |       688 | NS      | $50099.78     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Pentair PLC                                    | Pentair PLC                                            | CUSIP: N/A<br>LEI: 549300EVR9D56WPSRP15       | Long             | EC               | CORP              | GB        |       370 | NS      | $32230.70     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp                         | Permian Resources Corp                                 | CUSIP: 71424F105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1619 | NS      | $34517.08     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| PhosAgro PJSC                                  | PhosAgro PJSC                                          | CUSIP: 71922G308<br>LEI: N/A                  | Long             | EC               | CORP              | RU        |      1126 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| PLS Group Ltd                                  | PLS Group Ltd                                          | CUSIP: N/A<br>LEI: 5299000VV1CZVF5K9C16       | Long             | EC               | CORP              | AU        |     10907 | NS      | $38247.37     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Plug Power Inc                                 | Plug Power Inc                                         | CUSIP: 72919P202<br>LEI: 549300JPDKRSJ8JSM954 | Long             | EC               | CORP              | US        |      7771 | NS      | $17562.46     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Repsol SA                                      | Repsol SA                                              | CUSIP: N/A<br>LEI: BSYCX13Y0NOTV14V9N85       | Long             | EC               | CORP              | ES        |      2259 | NS      | $64159.87     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto PLC                                  | Rio Tinto PLC                                          | CUSIP: 767204100<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |      6801 | NS      | $634465.29    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Rosneft Oil Co PJSC                            | Rosneft Oil Co PJSC                                    | CUSIP: 67812M207<br>LEI: N/A                  | Long             | EC               | CORP              | RU        |     10479 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Salmar ASA                                     | Salmar ASA                                             | CUSIP: N/A<br>LEI: 5967007LIEEXZXGDBK67       | Long             | EC               | CORP              | NO        |       966 | NS      | $56030.47     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Santos Ltd                                     | Santos Ltd                                             | CUSIP: 803021807<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |      6877 | NS      | $38029.81     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Schouw & Co A/S                                | Schouw & Co A/S                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | DK        |       180 | NS      | $18345.82     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Scotts Miracle-Gro Co/The                      | Scotts Miracle-Gro Co/The                              | CUSIP: 810186106<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | EC               | CORP              | US        |       405 | NS      | $24628.05     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Severn Trent PLC                               | Severn Trent PLC                                       | CUSIP: N/A<br>LEI: 213800RPBXRETY4A4C59       | Long             | EC               | CORP              | GB        |       655 | NS      | $26689.92     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                                      | Shell PLC                                              | CUSIP: 780259305<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |      5847 | NS      | $543771.00    | 0.81%             |  |  |  | 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        |      1807 | NS      | $146258.58    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Solv Energy Inc                                | Solv Energy Inc                                        | CUSIP: 78475V103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       680 | NS      | $20420.40     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| South32 Ltd                                    | South32 Ltd                                            | CUSIP: N/A<br>LEI: 213800LAZNPXSBKVHR17       | Long             | EC               | CORP              | AU        |     17619 | NS      | $51527.07     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Copper Corp                           | Southern Copper Corp                                   | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |      3245 | NS      | $558250.30    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Gold MiniShares Trust                     | SPDR Gold MiniShares Trust                             | CUSIP: 98149E303<br>LEI: 5493002IEEMEY6LRJ932 | Long             | EC               | RF                | US        |    109976 | NS      | $10193675.44  | 15.20%            |  |  |  | No            |                  1 | On Loan: No      |
| Suedzucker AG                                  | Suedzucker AG                                          | CUSIP: N/A<br>LEI: 529900S8QNB101D40S72       | Long             | EC               | CORP              | DE        |      1403 | NS      | $21015.09     | 0.03%             |  |  |  | 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        |      1063 | NS      | $59166.92     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Suncor Energy Inc                              | Suncor Energy Inc                                      | CUSIP: 867224107<br>LEI: 894500XO86FKXQGPYV71 | Long             | EC               | CORP              | CA        |      2528 | NS      | $166673.56    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunrun Inc                                     | Sunrun Inc                                             | CUSIP: 86771W105<br>LEI: 54930007SJ77CI66U531 | Long             | EC               | CORP              | US        |      1301 | NS      | $17641.56     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Tate & Lyle PLC                                | Tate & Lyle PLC                                        | CUSIP: N/A<br>LEI: 2138008K14474WPKZ244       | Long             | EC               | CORP              | GB        |      3322 | NS      | $15858.27     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Teck Resources Ltd                             | Teck Resources Ltd                                     | CUSIP: 878742204<br>LEI: T8KI5SQ2JRWHL7XY0E11 | Long             | EC               | CORP              | CA        |      1933 | NS      | $99866.93     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Tetra Tech Inc                                 | Tetra Tech Inc                                         | CUSIP: 88162G103<br>LEI: 549300UJ1LP7JGJC5P32 | Long             | EC               | CORP              | US        |       550 | NS      | $16566.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Toro Co/The                                    | Toro Co/The                                            | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |       705 | NS      | $65875.20     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                               | TotalEnergies SE                                       | CUSIP: N/A<br>LEI: 529900S21EQ1BO4ESM68       | Long             | EC               | CORP              | FR        |      4556 | NS      | $414504.88    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Tourmaline Oil Corp                            | Tourmaline Oil Corp                                    | CUSIP: 89156V106<br>LEI: 894500I7AXG91VB3PM28 | Long             | EC               | CORP              | CA        |       812 | NS      | $38739.54     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TSY INFL IX N/B                                | United States Treasury Inflation Indexed Bonds         | CUSIP: 912810QV3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3820221 | PA      | $2952364.15   | 4.40%             | 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        |   3784296 | PA      | $2798137.76   | 4.17%             | 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        |   4158828 | PA      | $3449397.28   | 5.14%             | 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        |   4042831 | PA      | $2913713.94   | 4.34%             | 2045-02-15      | Fixed         | 0.75%                 | 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        |   3759246 | PA      | $2677341.09   | 3.99%             | 2047-02-15      | Fixed         | 0.88%                 | 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        |   2819052 | PA      | $2004248.73   | 2.99%             | 2049-02-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                | United States Treasury Inflation Indexed Bonds         | CUSIP: 912810TP3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1342571 | PA      | $1034568.18   | 1.54%             | 2053-02-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                | United States Treasury Inflation Indexed Bonds         | CUSIP: 912810TY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2362250 | PA      | $2092188.13   | 3.12%             | 2054-02-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                | United States Treasury Inflation Indexed Bonds         | CUSIP: 912810UH9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1295653 | PA      | $1209216.37   | 1.80%             | 2055-02-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds | United States Treasury Inflation Indexed Bonds         | CUSIP: 912810QP6<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   2195170 | PA      | $2129638.50   | 3.18%             | 2041-02-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds | United States Treasury Inflation Indexed Bonds         | CUSIP: 912810RR1<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   4105716 | PA      | $3056621.24   | 4.56%             | 2046-02-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds | United States Treasury Inflation Indexed Bonds         | CUSIP: 912810SB5<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   3450399 | PA      | $2488504.51   | 3.71%             | 2048-02-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds | United States Treasury Inflation Indexed Bonds         | CUSIP: 912810SM1<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   2416341 | PA      | $1374819.04   | 2.05%             | 2050-02-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds | United States Treasury Inflation Indexed Bonds         | CUSIP: 912810SV1<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   2256200 | PA      | $1205200.30   | 1.80%             | 2051-02-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds | United States Treasury Inflation Indexed Bonds         | CUSIP: 912810TE8<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   2169719 | PA      | $1132950.91   | 1.69%             | 2052-02-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| United Utilities Group PLC                     | United Utilities Group PLC                             | CUSIP: N/A<br>LEI: 2138002IEYQAOC88ZJ59       | Long             | EC               | CORP              | GB        |      1485 | NS      | $25751.33     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Uranium Energy Corp                            | Uranium Energy Corp                                    | CUSIP: 916896103<br>LEI: 549300VD69WD2USLIP04 | Long             | EC               | CORP              | CA        |      2035 | NS      | $27472.50     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Vale SA                                        | Vale SA                                                | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |     18251 | NS      | $290373.41    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Extended Market ETF                   | Vanguard Extended Market ETF                           | CUSIP: 922908652<br>LEI: N/A                  | Long             | EC               | RF                | US        |     11580 | NS      | $2383164.00   | 3.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard FTSE Developed Market                 | Vanguard FTSE Developed Markets ETF                    | CUSIP: 921943858<br>LEI: N/A                  | Long             | EC               | RF                | US        |     25800 | NS      | $1653264.00   | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard FTSE Emerging Markets                 | Vanguard FTSE Emerging Markets ETF                     | CUSIP: 922042858<br>LEI: N/A                  | Long             | EC               | RF                | US        |     62264 | NS      | $3365369.20   | 5.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Veolia Environnement SA                        | Veolia Environnement SA                                | CUSIP: N/A<br>LEI: 969500LENY69X51OOT31       | Long             | EC               | CORP              | FR        |      1615 | NS      | $60774.17     | 0.09%             |  |  |  | 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        |      5777 | NS      | $169379.92    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Woodside Energy Group Ltd                      | Woodside Energy Group Ltd                              | CUSIP: N/A<br>LEI: 2549005ZC5RXAOO7FH41       | Long             | EC               | CORP              | AU        |      3834 | NS      | $92037.85     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Xinyi Solar Holdings Ltd                       | Xinyi Solar Holdings Ltd                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |     57403 | NS      | $21305.93     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem Inc/NY                                   | Xylem Inc/NY                                           | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |       524 | NS      | $62618.00     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Yara International ASA                         | Yara International ASA                                 | CUSIP: N/A<br>LEI: 213800WKOUWXWFJ5Z514       | Long             | EC               | CORP              | NO        |      1771 | NS      | $102540.72    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| YPF SA                                         | YPF SA                                                 | CUSIP: 984245100<br>LEI: 5493003N7447U18U5U53 | Long             | EC               | CORP              | AR        |       855 | NS      | $39518.10     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Zurn Elkay Water Solutions Cor                 | Zurn Elkay Water Solutions Corp                        | CUSIP: 98983L108<br>LEI: 549300AM3633XDFU1Q85 | Long             | EC               | CORP              | US        |       365 | NS      | $16366.60     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-21

**Name of Applicant:** Tidal Trust I

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer