# EDGAR Filing Document

**Accession Number:** 0001742912
**File Stem:** 0002000324-26-001980
**Filing Date:** 2026-5
**Character Count:** 74404
**Document Hash:** adbb13af6970be56635918b5fae29c03
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-26-001980.hdr.sgml**: 20260521

**ACCESSION NUMBER**: 0002000324-26-001980

**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:** 261007467

**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

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

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

## Nport-Ex

**RPAR Risk Parity ETF**

**Schedule of Investments**

**March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**COMMON STOCKS - 15.8%** | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Consumer Discretionary Products - 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Geberit AG | 465 | $308206 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Scotts Miracle-Gro Co. | 2463 | 149775 |
|  |  | 457981 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Consumer Staple Products - 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Austevoll Seafood ASA | 8317 | 88285 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bakkafrost P/F | 2576 | 119743 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bumitama Agri Ltd. | 82896 | 118226 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;China Youran Dairy Group Ltd.<sup>(a)</sup> | 188482 | 92796 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dekon Food And Agriculture Group - Class H | 17239 | 142812 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fresh Del Monte Produce, Inc. | 2021 | 81365 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fuji Oil Co. Ltd. | 3760 | 84871 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Leroy Seafood Group ASA | 24564 | 124069 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Salmar ASA | 5878 | 340939 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schouw & Co A/S | 1094 | 111502 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Suedzucker AG | 8528 | 127738 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tate & Lyle PLC | 20187 | 96367 |
|  |  | 1528713 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Industrial Products - 1.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AGCO Corp. | 3159 | 366033 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alamo Group, Inc. | 511 | 84300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CNH Industrial NV - Class A | 56402 | 620422 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deere & Co. | 12156 | 6847475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Tractor Co. Ltd. | 64954 | 69012 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Halma PLC | 4967 | 249031 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Husqvarna AB | 24563 | 95480 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IDEX Corp. | 996 | 188792 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kubota Corp. | 48959 | 756127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pentair PLC | 2249 | 195910 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Toro Co. | 4289 | 400764 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Xylem, Inc. | 3187 | 380847 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zurn Elkay Water Solutions Corp. | 2220 | 99545 |
|  |  | 10353738 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Industrial Services - 0.0%<sup>(b)</sup>** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tetra Tech, Inc. | 3343 | 100691 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Materials - 6.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advanced Drainage Systems, Inc. | 1036 | 142067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Antofagasta PLC | 23532 | 1032426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aurubis AG | 1124 | 194262 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BHP Group Ltd., ADR<sup>(c)</sup> | 60728 | 4417355 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Boliden AB | 6806 | 347007 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cameco Corp. | 10851 | 1176267 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capstone Copper Corp.<sup>(a)</sup> | 18201.0 | $136812 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CF Industries Holdings, Inc. | 6605.0 | 857593 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;China Nonferrous Mining Corp. Ltd. | 140013.0 | 205192 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;China XLX Fertiliser Ltd. | 54526.0 | 75875 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CMOC Group Ltd. | 549610.0 | 1128634 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corteva, Inc. | 28353.0 | 2373430 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ecolab, Inc. | 3814.0 | 1014600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Quantum Minerals Ltd.<sup>(a)</sup> | 19275.0 | 459379 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fortescue Ltd. | 72984.0 | 1015229 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Freeport-McMoRan, Inc. | 34192.0 | 2009806 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Glencore PLC | 285448.0 | 2128664 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GMK Norilskiy Nickel PAO, ADR<sup>(a)(d)</sup> | 181762.0 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hudbay Minerals, Inc. | 9248.0 | 193038 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ivanhoe Mines Ltd. - Class A<sup>(a)</sup> | 34252.0 | 291825 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jiangxi Copper Co. Ltd. | 106557.0 | 463457 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;K+S AG | 7520.0 | 141233 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KWS Saat SE & Co KGaA | 1405.0 | 121899 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lundin Mining Corp. | 20216.0 | 502521 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lynas Rare Earths Ltd.<sup>(a)</sup> | 23477.0 | 316470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mineral Resources Ltd.<sup>(a)</sup> | 4350.0 | 159721 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MMG Ltd.<sup>(a)</sup> | 300072.0 | 276335 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mosaic Co. | 14260.0 | 363630 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MP Materials Corp.<sup>(a)</sup> | 4069.0 | 196370 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NAC Kazatomprom JSC, GDR | 6593.0 | 514254 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NexGen Energy Ltd.<sup>(a)</sup> | 15895.0 | 183831 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nutrien Ltd. | 20276.0 | 1525694 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PhosAgro PJSC, GDR<sup>(a)(d)</sup> | 52122.0 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PLS Group Ltd.<sup>(a)</sup> | 66320.0 | 232563 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rio Tinto PLC, ADR | 41320.0 | 3854743 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sociedad Quimica y Minera de Chile SA - Class B, ADR<sup>(a)</sup> | 10988.0 | 889369 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;South32 Ltd. | 107117.0 | 313265 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Southern Copper Corp. | 19715.0 | 3392168 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sumitomo Metal Mining Co. Ltd. | 6462.0 | 359677 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Teck Resources Ltd. | 11708.0 | 604885 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Uranium Energy Corp.<sup>(a)</sup> | 12362.0 | 166887 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vale SA, ADR | 110868.0 | 1763910 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yara International ASA | 10772.0 | 623698 |
|  |  | 36166041 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Oil & Gas - 6.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aker BP ASA | 8125.0 | 301196 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BP PLC, ADR | 33601.0 | 1579247 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canadian Natural Resources Ltd. | 26163.0 | 1272202 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cenovus Energy, Inc. | 24585.0 | 650409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chevron Corp. | 25633.0 | 5303468 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ConocoPhillips | 15455.0 | 2040060 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Coterra Energy, Inc. | 10724.0 | 376841 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Devon Energy Corp. | 8868.0 | 446238 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diamondback Energy, Inc. | 3808.0 | 753184 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ecopetrol SA, ADR<sup>(c)</sup> | 27669.0 | 414758 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Eni SpA, ADR<sup>(c)</sup> | 19417.0 | 1099196 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EOG Resources, Inc. | 6948 | $1004472 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EQT Corp. | 7841.0 | 499001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equinor ASA, ADR<sup>(c)</sup> | 32550.0 | 1373610 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expand Energy Corp. | 2985.0 | 327693 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exxon Mobil Corp. | 53634.0 | 9099545 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Galp Energia SGPS SA | 9742.0 | 235833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gazprom PJSC, ADR<sup>(a)(d)</sup> | 523190.0 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Imperial Oil Ltd. | 6320.0 | 825171 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inpex Corp. | 17440.0 | 512819 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LUKOIL PJSC, ADR<sup>(a)(d)</sup> | 31173.0 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Novatek PJSC, GDR<sup>(a)(d)</sup> | 13358.0 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Occidental Petroleum Corp. | 12727.0 | 827255 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OMV AG<sup>(a)</sup> | 4181.0 | 304458 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Permian Resources Corp. - Class A | 9840.0 | 209789 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Repsol SA | 13733.0 | 390043 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rosneft Oil Co. PJSC, GDR<sup>(a)(d)</sup> | 488696.0 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Santos Ltd. | 41736.0 | 230800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shell PLC, ADR | 35519.0 | 3303267 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Suncor Energy, Inc. | 15391.0 | 1014744 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TotalEnergies SE, ADR | 27681.0 | 2518418 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tourmaline Oil Corp. | 5559.0 | 265213 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Woodside Energy Group Ltd. | 23312.0 | 559621 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;YPF SA - Class D, ADR<sup>(a)(c)</sup> | 5200.0 | 240344 |
|  |  | 37978895 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Renewable Energy - 0.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Enphase Energy, Inc.<sup>(a)</sup> | 4706.0 | 177934 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Eos Energy Enterprises, Inc.<sup>(a)</sup> | 17418.0 | 86393 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Solar, Inc.<sup>(a)</sup> | 4546.0 | 896744 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Flat Glass Group Co. Ltd. - Class H<sup>(a)</sup> | 133451.0 | 146214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fluence Energy, Inc. - Class A<sup>(a)</sup> | 6382.0 | 87816 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldwind Science & Technology Co. Ltd. | 272533.0 | 496387 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Guoxia Technology Co. Ltd.<sup>(a)</sup> | 19533.0 | 112461 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hainan Drinda New Energy Technology Co. Ltd.<sup>(a)</sup> | 28569.0 | 99187 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nextpower, Inc. - Class A<sup>(a)</sup> | 5695.0 | 686532 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nordex SE<sup>(a)</sup> | 6741.0 | 353710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Plug Power, Inc.<sup>(a)(c)</sup> | 47213.0 | 106702 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Solv Energy, Inc. - Class A<sup>(a)</sup> | 4131.0 | 124054 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sunrun, Inc.<sup>(a)</sup> | 7911.0 | 107273 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vestas Wind Systems A/S | 35113.0 | 1029503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Xinyi Solar Holdings Ltd. | 348675.0 | 129416 |
|  |  | 4640326 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Utilities - 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Water Works Co., Inc. | 2606.0 | 354650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Companhia de Saneamento Basico do Estado de Sao Paulo, ADR | 9292.0 | 283497 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Essential Utilities, Inc. | 3774.0 | 151979 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Severn Trent PLC | 3992.0 | 162666 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Utilities Group PLC | 9039.0 | 156745 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Veolia Environnement SA | 9821 | $369575 |
|  |  | 1479112 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL COMMON STOCKS (Cost $95,461,874)** |  | 92705497 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**EXCHANGE TRADED FUNDS - 35.5%** | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SPDR Gold MiniShares Trust <sup>(a)(c)</sup> | 690420 | 63995029 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vanguard FTSE Developed Markets ETF | 438801 | 28118368 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vanguard FTSE Emerging Markets ETF | 794199 | 42926456 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vanguard Total Stock Market ETF | 226527 | 72672127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL EXCHANGE TRADED FUNDS (Cost $150,838,345)** |  | 207711980 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**U.S. TREASURY SECURITIES - 33.7%** | **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 | $13566091 | 13161108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Inflation Indexed Bond | 0.75% | 02/15/2042 | 22906930 | 17703061 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Inflation Indexed Bond | 0.63% | 02/15/2043 | 22960419 | 16977112 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Inflation Indexed Bond | 1.38% | 02/15/2044 | 25225109 | 20922099 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Inflation Indexed Bond | 0.75% | 02/15/2045 | 24518036 | 17670426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Inflation Indexed Bond | 1.00% | 02/15/2046 | 24901969 | 18539006 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Inflation Indexed Bond | 0.88% | 02/15/2047 | 22798008 | 16236778 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Inflation Indexed Bond | 1.00% | 02/15/2048 | 20926619 | 15092742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Inflation Indexed Bond | 1.00% | 02/15/2049 | 17093974 | 12153228 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Inflation Indexed Bond | 0.25% | 02/15/2050 | 14642267 | 8330971 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Inflation Indexed Bond | 0.13% | 02/15/2051 | 13680865 | 7307945 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Inflation Indexed Bond | 0.13% | 02/15/2052 | 13159689 | 6871527 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Inflation Indexed Bond | 1.50% | 02/15/2053 | 8149527 | 6279922 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Inflation Indexed Bond | 2.13% | 02/15/2054 | 14328226 | 12690168 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Inflation Indexed Bond | 2.38% | 02/15/2055 | 7852254 | 7328409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL U.S. TREASURY SECURITIES (Cost $294,219,687)** |  |  |  | 197264502 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**SHORT-TERM INVESTMENTS - 19.3%** | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Investments Purchased with Proceeds from Securities Lending - 6.0%** | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First American Government Obligations Fund - Class X, 3.53%<sup>(e)</sup> | 34969984 | 34969984 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Money Market Funds - 1.7%** | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First American Government Obligations Fund - Class X, 3.53%<sup>(e)</sup> | 9807489 | 9807489 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**U.S. Treasury Bills - 11.6%** | **Principal<br> Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bill, 4/28/2026, 3.56%<sup>(f)</sup> | $68240000 | 68054012 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL SHORT-TERM INVESTMENTS (Cost $112,834,332)** |  | 112831485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL INVESTMENTS - 104.3% (Cost $653,354,238)** |  | $610513464 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liabilities in Excess of Other Assets - (4.3)% |  | (25260695) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL NET ASSETS - 100.0%** |  | $585252769 |

---

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 |

---

(a) Non-income producing security.

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

(c) All or a portion of this security is on loan as of March 31, 2026. The total market value of these securities was $35,504,327 which represented 6.1% of net assets.

(d) 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.

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

(f) The rate shown is the annualized effective yield as of March 31, 2026.

**RPAR Risk Parity ETF**

**Schedule of Futures Contracts**

**March 31, 2026 (Unaudited)**

The RPAR Risk Parity ETF had the following futures contracts outstanding with BTIG, LLC as of March 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **FUTURES CONTRACTS - (1.0)%** | | | | |
| **Description** | **Contracts<br> Purchased** | **Expiration<br> Date** | **Notional<br> Value** | **Value /<br> Unrealized<br> Appreciation<br> (Depreciation)** |
| U.S. Treasury 10 Year Note | 954 | 06/18/2026 | $105938719 | $(2151942) |
| U.S. Ultra Long Bond | 893 | 06/18/2026 | 104090312 | (3615422) |
| **Net Unrealized Appreciation (Depreciation)** |  |  |  | $(5767364) |

---

Percentages are stated as a percent of net assets.

## 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:** Rpar Risk Parity ETF

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

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

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

- **a. Date of fiscal year-end:** 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:** $620567205.61

**Total Liabilities:** $35314331.77

**Net Assets:** $585252873.84

**Cash Not Reported:** $8913405.87

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -510.4 | **1-Year:** 0 | **5-Year:** -62992.81 | **10-Year:** -17020.92 | **30-Year:** -509863.6

**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 C000215408 | 4.21%                | 5.18%                | -5.59%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-308.30                 | $25760894.86                               |
| Month 2  | $-2221153.24             | $27127189.17                               |
| Month 3  | $8391691.18              | $-37797096.62                              |

**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        |      1036 | NS      | $142066.68    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AGCO Corp                                      | AGCO Corp                                              | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |      3159 | NS      | $366033.33    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Aker BP ASA                                    | Aker BP ASA                                            | CUSIP: N/A<br>LEI: 549300NFTY73920OYK69       | Long             | EC               | CORP              | NO        |      8125 | NS      | $301196.24    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamo Group Inc                                | Alamo Group Inc                                        | CUSIP: 011311107<br>LEI: 54930080C93RVZRSDV26 | Long             | EC               | CORP              | US        |       511 | NS      | $84299.67     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Co Inc                    | American Water Works Co Inc                            | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |      2606 | NS      | $354650.54    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Antofagasta PLC                                | Antofagasta PLC                                        | CUSIP: N/A<br>LEI: 213800MY6QVH4FVLD628       | Long             | EC               | CORP              | CL        |     23532 | NS      | $1032426.47   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Aurubis AG                                     | Aurubis AG                                             | CUSIP: N/A<br>LEI: 5299005SHIN9ZK7GW242       | Long             | EC               | CORP              | DE        |      1124 | NS      | $194262.01    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Austevoll Seafood ASA                          | Austevoll Seafood ASA                                  | CUSIP: N/A<br>LEI: 5967007LIEEXZXFFDC03       | Long             | EC               | CORP              | NO        |      8317 | NS      | $88284.80     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Bakkafrost P/F                                 | Bakkafrost P/F                                         | CUSIP: N/A<br>LEI: 2138007LH7OP4V112978       | Long             | EC               | CORP              | FO        |      2576 | NS      | $119743.23    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BHP Group Ltd                                  | BHP Group Ltd                                          | CUSIP: 088606108<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |     60728 | NS      | $4417354.72   | 0.75%             |  |  |  | No            |                  1 | On Loan: —       |
| Boliden AB                                     | Boliden AB                                             | CUSIP: N/A<br>LEI: 21380059QU7IM1ONDJ56       | Long             | EC               | CORP              | SE        |      6806 | NS      | $347006.87    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BP PLC                                         | BP PLC                                                 | CUSIP: 055622104<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |     33601 | NS      | $1579247.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Bumitama Agri Ltd                              | Bumitama Agri Ltd                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SG        |     82896 | NS      | $118225.51    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corp                                    | Cameco Corp                                            | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |     10851 | NS      | $1176266.91   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Natural Resources Ltd                 | Canadian Natural Resources Ltd                         | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |     26163 | NS      | $1272201.77   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Capstone Copper Corp                           | Capstone Copper Corp                                   | CUSIP: 14071L108<br>LEI: 549300III6KGKKC42W63 | Long             | EC               | CORP              | CA        |     18201 | NS      | $136812.36    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cenovus Energy Inc                             | Cenovus Energy Inc                                     | CUSIP: 15135U109<br>LEI: 254900LJGL2N2XEMD470 | Long             | EC               | CORP              | CA        |     24585 | NS      | $650408.94    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings Inc                     | CF Industries Holdings Inc                             | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |      6605 | NS      | $857593.20    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                                   | Chevron Corp                                           | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25633 | NS      | $5303467.70   | 0.91%             |  |  |  | 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        |    140013 | NS      | $205192.39    | 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        |     54526 | NS      | $75875.44     | 0.01%             |  |  |  | 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        |    188482 | NS      | $92796.17     | 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        |      9292 | NS      | $283496.91    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CMOC Group Ltd                                 | CMOC Group Ltd                                         | CUSIP: N/A<br>LEI: 2549008KG3638J59U652       | Long             | EC               | CORP              | CN        |    549610 | NS      | $1128634.60   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| CNH Industrial NV                              | CNH Industrial NV                                      | CUSIP: N/A<br>LEI: 549300WGC2HZ5J67V817       | Long             | EC               | CORP              | GB        |     56402 | NS      | $620422.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                                 | ConocoPhillips                                         | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     15455 | NS      | $2040060.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                                    | Corteva Inc                                            | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |     28353 | NS      | $2373429.63   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc                             | Coterra Energy Inc                                     | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |     10724 | NS      | $376841.36    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co                                     | Deere & Co                                             | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |     12156 | NS      | $6847474.80   | 1.17%             |  |  |  | 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        |     17239 | NS      | $142811.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corp                              | Devon Energy Corp                                      | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |      8868 | NS      | $446237.76    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                         | Diamondback Energy Inc                                 | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |      3808 | NS      | $753184.32    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc                                     | Ecolab Inc                                             | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |      3814 | NS      | $1014600.28   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecopetrol SA                                   | Ecopetrol SA                                           | CUSIP: 279158109<br>LEI: 254900IDGKCJICKBPA66 | Long             | EC               | CORP              | CO        |     27669 | NS      | $414758.31    | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Eni SpA                                        | Eni SpA                                                | CUSIP: 26874R108<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | EC               | CORP              | IT        |     19417 | NS      | $1099196.37   | 0.19%             |  |  |  | No            |                  1 | On Loan: —       |
| Enphase Energy Inc                             | Enphase Energy Inc                                     | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |      4706 | NS      | $177933.86    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc                              | EOG Resources Inc                                      | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |      6948 | NS      | $1004472.36   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Eos Energy Enterprises Inc                     | Eos Energy Enterprises Inc                             | CUSIP: 29415C101<br>LEI: 529900UCCJMLRGDXVT41 | Long             | EC               | CORP              | US        |     17418 | NS      | $86393.28     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corp                                       | EQT Corp                                               | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |      7841 | NS      | $499001.24    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinor ASA                                    | Equinor ASA                                            | CUSIP: 29446M102<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | EC               | CORP              | NO        |     32550 | NS      | $1373610.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: —       |
| Essential Utilities Inc                        | Essential Utilities Inc                                | CUSIP: 29670G102<br>LEI: 549300ILTEOF3E3QY357 | Long             | EC               | CORP              | US        |      3774 | NS      | $151978.98    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp                             | Expand Energy Corp                                     | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |      2985 | NS      | $327693.30    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                               | Exxon Mobil Corp                                       | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     53634 | NS      | $9099544.44   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli                 | First American Government Obligations Fund             | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |  44777473 | NS      | $44777473.06  | 7.65%             |  |  |  | No            |                  1 | On Loan: No      |
| First Quantum Minerals Ltd                     | First Quantum Minerals Ltd                             | CUSIP: 335934105<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | EC               | CORP              | CA        |     19275 | NS      | $459379.10    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                                | First Solar Inc                                        | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |      4546 | NS      | $896743.96    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| First Tractor Co Ltd                           | First Tractor Co Ltd                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     64954 | NS      | $69011.86     | 0.01%             |  |  |  | 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        |    133451 | NS      | $146213.63    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Fluence Energy Inc                             | Fluence Energy Inc                                     | CUSIP: 34379V103<br>LEI: 25490043LHZ97BT5PP29 | Long             | EC               | CORP              | US        |      6382 | NS      | $87816.32     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortescue Ltd                                  | Fortescue Ltd                                          | CUSIP: N/A<br>LEI: 529900VEJFORCO6I4826       | Long             | EC               | CORP              | AU        |     72984 | NS      | $1015228.75   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc                           | Freeport-McMoRan Inc                                   | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |     34192 | NS      | $2009805.76   | 0.34%             |  |  |  | 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        |      2021 | NS      | $81365.46     | 0.01%             |  |  |  | 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        |      3760 | NS      | $84871.20     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Galp Energia SGPS SA                           | Galp Energia SGPS SA                                   | CUSIP: N/A<br>LEI: 2138003319Y7NM75FG53       | Long             | EC               | CORP              | PT        |      9742 | NS      | $235832.95    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Gazprom PJSC                                   | Gazprom PJSC                                           | CUSIP: 368287207<br>LEI: N/A                  | Long             | EC               | CORP              | RU        |    523190 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Geberit AG                                     | Geberit AG                                             | CUSIP: N/A<br>LEI: 52990093Z5OHD6T7BS47       | Long             | EC               | CORP              | CH        |       465 | NS      | $308206.09    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Glencore PLC                                   | Glencore PLC                                           | CUSIP: N/A<br>LEI: 2138002658CPO9NBH955       | Long             | EC               | CORP              | CH        |    285448 | NS      | $2128663.94   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| GMK Norilskiy Nickel PAO                       | GMK Norilskiy Nickel PAO                               | CUSIP: 55315J102<br>LEI: 253400JPTEEW143W3E47 | Long             | EC               | CORP              | RU        |    181762 | 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        |    272533 | NS      | $496386.73    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Guoxia Technology Co Ltd                       | Guoxia Technology Co Ltd                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     19533 | NS      | $112461.37    | 0.02%             |  |  |  | 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        |     28569 | NS      | $99187.29     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Halma PLC                                      | Halma PLC                                              | CUSIP: N/A<br>LEI: 2138007FRGLUR9KGBT40       | Long             | EC               | CORP              | GB        |      4967 | NS      | $249031.20    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Hudbay Minerals Inc                            | Hudbay Minerals Inc                                    | CUSIP: 443628102<br>LEI: 894500LX3TMESP27BE29 | Long             | EC               | CORP              | CA        |      9248 | NS      | $193038.04    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Husqvarna AB                                   | Husqvarna AB                                           | CUSIP: N/A<br>LEI: 549300GYQIIJ3UXB7655       | Long             | EC               | CORP              | SE        |     24563 | NS      | $95480.16     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEX Corp                                      | IDEX Corp                                              | CUSIP: 45167R104<br>LEI: 549300U5Y5EL6PHYLF13 | Long             | EC               | CORP              | US        |       996 | NS      | $188791.80    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Imperial Oil Ltd                               | Imperial Oil Ltd                                       | CUSIP: 453038408<br>LEI: 549300JZNB745JT5WY51 | Long             | EC               | CORP              | CA        |      6320 | NS      | $825170.86    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Inpex Corp                                     | Inpex Corp                                             | CUSIP: N/A<br>LEI: 353800VHYYADPR6MXQ47       | Long             | EC               | CORP              | JP        |     17440 | NS      | $512818.66    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Ivanhoe Mines Ltd                              | Ivanhoe Mines Ltd                                      | CUSIP: 46579R104<br>LEI: 5299006XZISURYIA4G32 | Long             | EC               | CORP              | CA        |     34252 | NS      | $291824.93    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Jiangxi Copper Co Ltd                          | Jiangxi Copper Co Ltd                                  | CUSIP: N/A<br>LEI: 3003002E74YFQ6MEZY56       | Long             | EC               | CORP              | CN        |    106557 | NS      | $463456.76    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| K+S AG                                         | K+S AG                                                 | CUSIP: N/A<br>LEI: 529900YURAYD4IJX2J91       | Long             | EC               | CORP              | DE        |      7520 | NS      | $141232.86    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Kubota Corp                                    | Kubota Corp                                            | CUSIP: N/A<br>LEI: 549300CSY4INHEHQQT13       | Long             | EC               | CORP              | JP        |     48959 | NS      | $756127.12    | 0.13%             |  |  |  | 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        |      1405 | NS      | $121899.41    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Leroy Seafood Group ASA                        | Leroy Seafood Group ASA                                | CUSIP: N/A<br>LEI: 5967007LIEEXZXJ2JK50       | Long             | EC               | CORP              | NO        |     24564 | NS      | $124068.88    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| LUKOIL PJSC                                    | LUKOIL PJSC                                            | CUSIP: 69343P105<br>LEI: 549300LCJ1UJXHYBWI24 | Long             | EC               | CORP              | RU        |     31173 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Lundin Mining Corp                             | Lundin Mining Corp                                     | CUSIP: 550372106<br>LEI: 549300FQDIM6C8HTN269 | Long             | EC               | CORP              | CA        |     20216 | NS      | $502520.90    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Lynas Rare Earths Ltd                          | Lynas Rare Earths Ltd                                  | CUSIP: 551073307<br>LEI: 529900SGT9M1FJPXXI35 | Long             | EC               | CORP              | AU        |     23477 | NS      | $316469.96    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Mineral Resources Ltd                          | Mineral Resources Ltd                                  | CUSIP: N/A<br>LEI: 5299007V1ACKFFX2P066       | Long             | EC               | CORP              | AU        |      4350 | NS      | $159720.77    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MMG Ltd                                        | MMG Ltd                                                | CUSIP: N/A<br>LEI: 529900XB5IQXFMSWEC48       | Long             | EC               | CORP              | AU        |    300072 | NS      | $276334.77    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Mosaic Co/The                                  | Mosaic Co/The                                          | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |     14260 | NS      | $363630.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MP Materials Corp                              | MP Materials Corp                                      | CUSIP: 553368101<br>LEI: 89450063PHPS61USMT84 | Long             | EC               | CORP              | US        |      4069 | NS      | $196369.94    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                            | US 10YR NOTE (CBT)Jun26                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       954 | NC      | $-2151942.04  | -0.37%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                            | US ULTRA BOND CBT Jun26                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       893 | NC      | $-3615421.51  | -0.62%            |  |  |  | No            |                  1 | On Loan: No      |
| NAC Kazatomprom JSC                            | NAC Kazatomprom JSC                                    | CUSIP: 63253R201<br>LEI: 5493008JG5TXJP2JSY44 | Long             | EC               | CORP              | KZ        |      6593 | NS      | $514254.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| NexGen Energy Ltd                              | NexGen Energy Ltd                                      | CUSIP: 65340P106<br>LEI: 529900N0IXNXB3IP7F06 | Long             | EC               | CORP              | CA        |     15895 | NS      | $183830.96    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Nextpower Inc                                  | Nextpower Inc                                          | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5695 | NS      | $686532.25    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordex SE                                      | Nordex SE                                              | CUSIP: N/A<br>LEI: 529900HVDYCUWVD0OE76       | Long             | EC               | CORP              | DE        |      6741 | NS      | $353710.27    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Novatek PJSC                                   | Novatek PJSC                                           | CUSIP: 669888109<br>LEI: N/A                  | Long             | EC               | CORP              | RU        |     13358 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Nutrien Ltd                                    | Nutrien Ltd                                            | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |     20276 | NS      | $1525694.36   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp                      | Occidental Petroleum Corp                              | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |     12727 | NS      | $827255.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| OMV AG                                         | OMV AG                                                 | CUSIP: N/A<br>LEI: 549300V62YJ9HTLRI486       | Long             | EC               | CORP              | AT        |      4181 | NS      | $304458.12    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Pentair PLC                                    | Pentair PLC                                            | CUSIP: N/A<br>LEI: 549300EVR9D56WPSRP15       | Long             | EC               | CORP              | GB        |      2249 | NS      | $195910.39    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp                         | Permian Resources Corp                                 | CUSIP: 71424F105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9840 | NS      | $209788.80    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| PhosAgro PJSC                                  | PhosAgro PJSC                                          | CUSIP: 71922G308<br>LEI: N/A                  | Long             | EC               | CORP              | RU        |     52122 | 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        |     66320 | NS      | $232563.10    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Plug Power Inc                                 | Plug Power Inc                                         | CUSIP: 72919P202<br>LEI: 549300JPDKRSJ8JSM954 | Long             | EC               | CORP              | US        |     47213 | NS      | $106701.38    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Repsol SA                                      | Repsol SA                                              | CUSIP: N/A<br>LEI: BSYCX13Y0NOTV14V9N85       | Long             | EC               | CORP              | ES        |     13733 | NS      | $390043.15    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto PLC                                  | Rio Tinto PLC                                          | CUSIP: 767204100<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |     41320 | NS      | $3854742.80   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Rosneft Oil Co PJSC                            | Rosneft Oil Co PJSC                                    | CUSIP: 67812M207<br>LEI: N/A                  | Long             | EC               | CORP              | RU        |    488696 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Salmar ASA                                     | Salmar ASA                                             | CUSIP: N/A<br>LEI: 5967007LIEEXZXGDBK67       | Long             | EC               | CORP              | NO        |      5878 | NS      | $340939.03    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Santos Ltd                                     | Santos Ltd                                             | CUSIP: 803021807<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     41736 | NS      | $230800.08    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Schouw & Co A/S                                | Schouw & Co A/S                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | DK        |      1094 | NS      | $111501.83    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Scotts Miracle-Gro Co/The                      | Scotts Miracle-Gro Co/The                              | CUSIP: 810186106<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | EC               | CORP              | US        |      2463 | NS      | $149775.03    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Severn Trent PLC                               | Severn Trent PLC                                       | CUSIP: N/A<br>LEI: 213800RPBXRETY4A4C59       | Long             | EC               | CORP              | GB        |      3992 | NS      | $162665.89    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                                      | Shell PLC                                              | CUSIP: 780259305<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |     35519 | NS      | $3303267.00   | 0.56%             |  |  |  | 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        |     10988 | NS      | $889368.72    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Solv Energy Inc                                | Solv Energy Inc                                        | CUSIP: 78475V103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4131 | NS      | $124053.93    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| South32 Ltd                                    | South32 Ltd                                            | CUSIP: N/A<br>LEI: 213800LAZNPXSBKVHR17       | Long             | EC               | CORP              | AU        |    107117 | NS      | $313265.52    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Copper Corp                           | Southern Copper Corp                                   | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |     19715 | NS      | $3392167.80   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Gold MiniShares Trust                     | SPDR Gold MiniShares Trust                             | CUSIP: 98149E303<br>LEI: 5493002IEEMEY6LRJ932 | Long             | EC               | RF                | US        |    690420 | NS      | $63995029.80  | 10.93%            |  |  |  | No            |                  1 | On Loan: —       |
| Suedzucker AG                                  | Suedzucker AG                                          | CUSIP: N/A<br>LEI: 529900S8QNB101D40S72       | Long             | EC               | CORP              | DE        |      8528 | NS      | $127738.22    | 0.02%             |  |  |  | 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        |      6462 | NS      | $359676.98    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Suncor Energy Inc                              | Suncor Energy Inc                                      | CUSIP: 867224107<br>LEI: 894500XO86FKXQGPYV71 | Long             | EC               | CORP              | CA        |     15391 | NS      | $1014743.94   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunrun Inc                                     | Sunrun Inc                                             | CUSIP: 86771W105<br>LEI: 54930007SJ77CI66U531 | Long             | EC               | CORP              | US        |      7911 | NS      | $107273.16    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Tate & Lyle PLC                                | Tate & Lyle PLC                                        | CUSIP: N/A<br>LEI: 2138008K14474WPKZ244       | Long             | EC               | CORP              | GB        |     20187 | NS      | $96366.89     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Teck Resources Ltd                             | Teck Resources Ltd                                     | CUSIP: 878742204<br>LEI: T8KI5SQ2JRWHL7XY0E11 | Long             | EC               | CORP              | CA        |     11708 | NS      | $604884.67    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Tetra Tech Inc                                 | Tetra Tech Inc                                         | CUSIP: 88162G103<br>LEI: 549300UJ1LP7JGJC5P32 | Long             | EC               | CORP              | US        |      3343 | NS      | $100691.16    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Toro Co/The                                    | Toro Co/The                                            | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |      4289 | NS      | $400764.16    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                               | TotalEnergies SE                                       | CUSIP: N/A<br>LEI: 529900S21EQ1BO4ESM68       | Long             | EC               | CORP              | FR        |     27681 | NS      | $2518417.38   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Tourmaline Oil Corp                            | Tourmaline Oil Corp                                    | CUSIP: 89156V106<br>LEI: 894500I7AXG91VB3PM28 | Long             | EC               | CORP              | CA        |      5559 | NS      | $265213.16    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                                  | United States Treasury Bill                            | CUSIP: 912797TK3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  68240000 | PA      | $68054011.88  | 11.63%            | 2026-04-28      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                | United States Treasury Inflation Indexed Bonds         | CUSIP: 912810QV3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  22906930 | PA      | $17703060.68  | 3.02%             | 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        |  22960419 | PA      | $16977112.45  | 2.90%             | 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        |  25225108 | PA      | $20922099.26  | 3.57%             | 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        |  24518036 | PA      | $17670425.76  | 3.02%             | 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        |  22798008 | PA      | $16236778.23  | 2.77%             | 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        |  17093974 | PA      | $12153227.65  | 2.08%             | 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        |   8149527 | PA      | $6279921.61   | 1.07%             | 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        |  14328226 | PA      | $12690167.54  | 2.17%             | 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        |   7852254 | PA      | $7328409.17   | 1.25%             | 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        |  13566091 | PA      | $13161108.28  | 2.25%             | 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        |  24901969 | PA      | $18539005.65  | 3.17%             | 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        |  20926619 | PA      | $15092741.83  | 2.58%             | 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        |  14642267 | PA      | $8330971.49   | 1.42%             | 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        |  13680865 | PA      | $7307944.88   | 1.25%             | 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        |  13159689 | PA      | $6871527.27   | 1.17%             | 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        |      9039 | NS      | $156744.98    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Uranium Energy Corp                            | Uranium Energy Corp                                    | CUSIP: 916896103<br>LEI: 549300VD69WD2USLIP04 | Long             | EC               | CORP              | CA        |     12362 | NS      | $166887.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Vale SA                                        | Vale SA                                                | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |    110868 | NS      | $1763909.88   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard FTSE Developed Market                 | Vanguard FTSE Developed Markets ETF                    | CUSIP: 921943858<br>LEI: N/A                  | Long             | EC               | RF                | US        |    438801 | NS      | $28118368.08  | 4.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard FTSE Emerging Markets                 | Vanguard FTSE Emerging Markets ETF                     | CUSIP: 922042858<br>LEI: N/A                  | Long             | EC               | RF                | US        |    794199 | NS      | $42926455.95  | 7.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Total Stock Market ET                 | Vanguard Total Stock Market ETF                        | CUSIP: 922908769<br>LEI: N/A                  | Long             | EC               | RF                | US        |    226527 | NS      | $72672126.87  | 12.42%            |  |  |  | No            |                  1 | On Loan: No      |
| Veolia Environnement SA                        | Veolia Environnement SA                                | CUSIP: N/A<br>LEI: 969500LENY69X51OOT31       | Long             | EC               | CORP              | FR        |      9821 | NS      | $369574.67    | 0.06%             |  |  |  | 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        |     35113 | NS      | $1029502.72   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Woodside Energy Group Ltd                      | Woodside Energy Group Ltd                              | CUSIP: N/A<br>LEI: 2549005ZC5RXAOO7FH41       | Long             | EC               | CORP              | AU        |     23312 | NS      | $559620.84    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Xinyi Solar Holdings Ltd                       | Xinyi Solar Holdings Ltd                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |    348675 | NS      | $129415.61    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem Inc/NY                                   | Xylem Inc/NY                                           | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |      3187 | NS      | $380846.50    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Yara International ASA                         | Yara International ASA                                 | CUSIP: N/A<br>LEI: 213800WKOUWXWFJ5Z514       | Long             | EC               | CORP              | NO        |     10772 | NS      | $623697.69    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| YPF SA                                         | YPF SA                                                 | CUSIP: 984245100<br>LEI: 5493003N7447U18U5U53 | Long             | EC               | CORP              | AR        |      5200 | NS      | $240344.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Zurn Elkay Water Solutions Cor                 | Zurn Elkay Water Solutions Corp                        | CUSIP: 98983L108<br>LEI: 549300AM3633XDFU1Q85 | Long             | EC               | CORP              | US        |      2220 | NS      | $99544.80     | 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