# EDGAR Filing Document

**Accession Number:** 0001742912
**File Stem:** 0002000324-25-004037
**Filing Date:** 2025-10
**Character Count:** 38227
**Document Hash:** 35cb1b91e5ac43bb9e472e3a7452575c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-25-004037.hdr.sgml**: 20251029

**ACCESSION NUMBER**: 0002000324-25-004037

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251029

**DATE AS OF CHANGE**: 20251029

**PERIOD START**: 20251130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tidal Trust I
- **CENTRAL INDEX KEY:** 0001742912

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23377
- **FILM NUMBER:** 251427853

**BUSINESS ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET, SUITE 203
- **CITY:** MILWAUKEE,
- **STATE:** WI
- **ZIP:** 53204
- **BUSINESS PHONE:** 844-986-7676

**MAIL ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET, SUITE 203
- **CITY:** MILWAUKEE,
- **STATE:** WI
- **ZIP:** 53204

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

## Series and Classes Contracts Data

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

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

## Nport-Ex

---

| |
|:---|
| **Sound Enhanced Fixed Income ETF** |
| **Schedule of Investments** |
| **August 31, 2025 (Unaudited)** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**CLOSED END FUNDS - 19.6%** | | | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Financial Services - 19.6%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AllianceBernstein Global High Income Fund, Inc. |  |  | 119012 | $1342455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ares Capital Corp. |  |  | 69937 | 1566589 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Blue Owl Capital Corp. |  |  | 30780 | 441385 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Golub Capital BDC, Inc.<sup>(a)</sup> |  |  | 84035 | 1253802 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hercules Capital, Inc.<sup>(a)</sup> |  |  | 81418 | 1589279 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PennantPark Floating Rate Capital Ltd.<sup>(a)</sup> |  |  | 111461 | 1144704 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sixth Street Specialty Lending, Inc.<sup>(a)</sup> |  |  | 56139 | 1372599 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL CLOSED END FUNDS (Cost $8,412,732)** |  |  |  | 8710813 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**COMMON STOCKS - 13.6%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Financial Services - 3.3%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Blackstone Secured Lending Fund |  |  | 15400 | 461538 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Runway Growth Finance Corp. |  |  | 48878 | 532281 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WhiteHorse Finance, Inc. |  |  | 53345 | 456100 |
|  |  |  |  | 1449919 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Real Estate - 10.3%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alpine Income Property Trust, Inc. - REIT |  |  | 25273 | 385919 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Digital Realty Trust, Inc. – REIT |  |  | 830 | 139141 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gaming and Leisure Properties, Inc. - REIT |  |  | 3032 | 145566 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;National Health Investors, Inc. - REIT |  |  | 3148 | 246457 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;National Storage Affiliates Trust - REIT |  |  | 6007 | 193606 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NNN REIT, Inc. - REIT |  |  | 7361 | 315861 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Omega Healthcare Investors, Inc. - REIT<sup>(a)</sup> |  |  | 12577 | 535403 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Plymouth Industrial REIT, Inc. - REIT |  |  | 12909 | 283998 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realty Income Corp. - REIT<sup>(a)</sup> |  |  | 8794 | 516735 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sabra Health Care REIT, Inc. - REIT |  |  | 8588 | 164117 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Simon Property Group, Inc. - REIT |  |  | 5499 | 993449 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VICI Properties, Inc. - REIT |  |  | 20231 | 683403 |
|  |  |  |  | 4603655 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL COMMON STOCKS (Cost $5,948,196)** |  |  |  | 6053574 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**CORPORATE BONDS - 27.7%** | **Rate** | **Maturity <br> Date** | **Par** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Auto Parts Manufacturing - 5.7%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Axle & Manufacturing, Inc. (Callable 09/20/2025) <sup>(a)</sup> | 5.00% | 10/01/2029 | $852000 | 805153 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dana, Inc. (Callable 05/01/2026) | 4.25% | 09/01/2030 | 704000 | 696551 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goodyear Tire & Rubber Co. (Callable 04/15/2029)<sup>(a)</sup> | 5.00% | 07/15/2029 | 1077000 | 1044923 |
|  |  |  |  | 2546627 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Chemicals - 2.7%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Celanese US Holdings LLC (Callable 04/15/2032) | 6.63% | 07/15/2032 | 164000 | 169561 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chemours Co. (Callable 02/15/2027) | 5.38% | 05/15/2027 | 520000 | 518175 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Huntsman International LLC (Callable 02/01/2029) | 4.50% | 05/01/2029 | 536000 | 515761 |
|  |  |  |  | 1203497 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Consumer Finance - 1.7%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Radian Group, Inc. (Callable 09/15/2026) | 4.88% | 03/15/2027 | 770000 | 771467 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exploration & Production - 5.0%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Apache Corp. (Callable 03/01/2040)<sup>(a)</sup> | 5.10% | 09/01/2040 | 939000 | 797136 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expand Energy Corp. (Callable 02/01/2027) | 4.75% | 02/01/2032 | 590000 | 574650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Murphy Oil Corp. (Callable 09/25/2025)<sup>(a)</sup> | 5.88% | 12/01/2027 | 548000 | 548546 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Murphy Oil Corp. (Callable 10/01/2027)<sup>(a)</sup> | 6.00% | 10/01/2032 | 318000 | 309921 |
|  |  |  |  | 2230253 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Hardware - 1.8%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dell, Inc.<sup>(b)</sup> | 6.50% | 04/15/2038 | 736000 | 784221 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Industrial Other - 1.9%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Rentals North America, Inc. (Callable 09/20/2025) | 4.88% | 01/15/2028 | 862000 | 857415 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Metals & Mining - 2.0%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cleveland-Cliffs, Inc. (Callable 10/03/2025) | 5.8% | 06/01/2027 | 866000 | 865426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Pipeline - 2.1%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Targa Resources Partners LP / Targa Resources Partners Finance Corp. (Callable 10/10/2025) | 5.00% | 01/15/2028 | 939000 | 940009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Refining & Marketing - 0.6%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HF Sinclair Corp. (Callable 10/15/2034) | 6.25% | 01/15/2035 | 256000 | 263444 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Travel & Lodging - 2.1%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hilton Domestic Operating Co., Inc. (Callable 09/20/2025) | 4.88% | 01/15/2030 | 932000 | 930012 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Utilities - 2.1%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;National Fuel Gas Co. (Callable 06/01/2028) | 4.75% | 09/01/2028 | 939000 | 942553 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL CORPORATE BONDS (Cost $12,297,005)** |  |  |  | 12334924 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**EXCHANGE TRADED FUNDS – 9.8%** |  |  | **Shares** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Invesco Emerging Markets Sovereign Debt ETF |  |  | 45475 | 951337 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iShares 0-5 Year High Yield Corporate Bond ETF |  |  | 30762 | 1328919 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iShares J.P. Morgan EM High Yield Bond ETF |  |  | 30104 | 1193624 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VanEck Emerging Markets High Yield Bond ETF<sup>(a)</sup> |  |  | 45089 | 908994 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL EXCHANGE TRADED FUNDS (Cost $4,536,348)** |  |  |  | 4382874 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**PREFERRED STOCKS - 28.1%** | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Banks - 5.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Associated Banc-Corp., Series F, 5.63%, Perpetual (Callable 12/15/2025) | 40551 | 857654 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Truist Financial Corp., Series O, 5.25%, Perpetual (Callable 12/01/2025) | 41962 | 912673 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wells Fargo & Co., Series AA, 4.70%, Perpetual (Callable 12/15/2025) | 44673 | 855935 |
|  |  | 2626262 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Consumer Finance - 1.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital One Financial Corp., Series J, 4.80%, Perpetual (Callable 12/01/2025) | 44955 | 845604 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Diversified Banks - 4.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank of America Corp., Series KK, 5.38%, Perpetual (Callable 10/10/2025) | 42698 | 954727 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JPMorgan Chase & Co., Series EE, 6.00%, Perpetual (Callable 12/01/2025)<sup>(a)</sup> | 40927 | 1040365 |
|  |  | 1995092 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Financial Services - 3.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley, Series L, 4.88%, Perpetual (Callable 10/15/2027) | 43921 | 906529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley, Series O, 4.25%, Perpetual (Callable 01/15/2027) | 42587 | 756771 |
|  |  | 1663300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Life Insurance - 3.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AEGON Funding Co. LLC, 5.10%, 12/15/2049 (Callable 12/15/2025) | 42980 | 875073 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MetLife, Inc., Series F, 4.75%, Perpetual (Callable 12/15/2025)<sup>(a)</sup> | 42792 | 870389 |
|  |  | 1745462 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Property & Casualty Insurance - 2.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allstate Corp., Series H, 5.10%, Perpetual (Callable 10/15/2025) | 41773 | 912740 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Utilities - 4.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CMS Energy Corp., 5.88%, 03/01/2079 (Callable 09/20/2025) | 41680 | 984481 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Southern Co., Series 2020, 4.95%, 01/30/2080 (Callable 10/09/2025) | 42511 | 914837 |
|  |  | 1899318 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Wireless Telecommunications Services - 1.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AT&T, Inc., Series C, 4.75%, Perpetual (Callable 10/10/2025) | 43357 | 850664 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL PREFERRED STOCKS (Cost $14,223,827)** |  | 12538442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**SHORT-TERM INVESTMENTS – 23.2%** | **Units** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Investments Purchased with Proceeds from Securities Lending – 22.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mount Vernon Liquid Assets Portfolio, LLC, 4.48%<sup>(c)</sup> | 10118510 | 10118510 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Money Market Funds - 0.5%** | **Shares** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First American Government Obligations Fund - Class X, 4.22%<sup>(c)</sup> | 231294 | 231294 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL SHORT-TERM INVESTMENTS (Cost $10,349,804)** |  | 10349804 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL INVESTMENTS – 122.0% (Cost $55,767,912)** |  | 54370431 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Liabilities in Excess of Assets – (22.0)% |  | (9799936) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL NET ASSETS - 100.0%** |  | $44570495 |

---

Percentages are stated as a percent of net assets.

REIT Real Estate Investment Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All or a portion of this security is on loan as of August 31, 2025. The fair value of these securities was $9,890,304 which represented 22.2% of net assets.

(b) At maturity security. Interest is paid in full at the maturity date.

(c) The rate shown represents the 7-day annualized effective yield as of August 31, 2025.

## 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:** Sound Enhanced Fixed Income ETF

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

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

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

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

- **b. Date as of which information is reported:** 2025-08-31

**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:** $54337535.31

**Total Liabilities:** $10231584.72

**Net Assets:** $44105950.59

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0 | **1-Year:** -283.12 | **5-Year:** -486.24 | **10-Year:** -1867.27 | **30-Year:** 0

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

- **3-Month:** 0 | **1-Year:** -73.75 | **5-Year:** -1544.07 | **10-Year:** -658.71 | **30-Year:** 0

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000224019 | 1.65%                | 1.35%                | 2.26%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $366223.05                                 |
| Month 2  | $-94721.69               | $540065.86                                 |
| Month 3  | $0.00                    | $697969.11                                 |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                          | Title                                                               | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   | Fair Value Level   | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| AEGON Funding Co LLC                          | AEGON Funding Co LLC                                                | CUSIP: 00775V104<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     42533 | NS      | $865971.88    | 1.96%             |  |  |  | No            | 1                  | On Loan: No      |
| AllianceBernstein Global High Income Fund Inc | AllianceBernstein Global High Income Fund Inc                       | CUSIP: 01879R106<br>LEI: N/A                  | Long             | EC               | RF                | US        |    117773 | NS      | $1328479.44   | 3.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Allstate Corp/The                             | Allstate Corp/The                                                   | CUSIP: 020002838<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     41338 | NS      | $903235.30    | 2.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Alpine Income Property Trust I                | Alpine Income Property Trust Inc                                    | CUSIP: 02083X103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25010 | NS      | $381902.70    | 0.87%             |  |  |  | No            | 1                  | On Loan: No      |
| AMERICAN AXLE & MFG INC                       | American Axle & Manufacturing Inc                                   | CUSIP: 02406PBB5<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |    843000 | PA      | $796648.07    | 1.81%             | 2029-10-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: —       |
| Apache Corp                                   | Apache Corp                                                         | CUSIP: 037411AW5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    929000 | PA      | $788647.06    | 1.79%             | 2040-09-01      | Fixed         | 5.10%                 | No            | 2                  | On Loan: —       |
| Ares Capital Corp                             | Ares Capital Corp                                                   | CUSIP: 04010L103<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | EC               | CORP              | US        |     69209 | NS      | $1550281.60   | 3.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Associated Banc-Corp                          | Associated Banc-Corp                                                | CUSIP: 045487402<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     40129 | NS      | $848728.35    | 1.92%             |  |  |  | No            | 1                  | On Loan: No      |
| AT&T Inc                                      | AT&T Inc                                                            | CUSIP: 00206R706<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     42906 | NS      | $841815.72    | 1.91%             |  |  |  | No            | 1                  | On Loan: No      |
| BANK OF AMERICA CORP                          | Bank of America Corp                                                | CUSIP: 06053U601<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |     42254 | NS      | $944799.44    | 2.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Blackstone Secured Lending Fun                | Blackstone Secured Lending Fund                                     | CUSIP: 09261X102<br>LEI: 549300KM7KWQHVBNH962 | Long             | EC               | CORP              | US        |     15240 | NS      | $456742.80    | 1.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Blue Owl Capital Corp                         | Blue Owl Capital Corp                                               | CUSIP: 69121K104<br>LEI: 2549000BD79OOCPF2L94 | Long             | EC               | CORP              | US        |     30460 | NS      | $436796.40    | 0.99%             |  |  |  | No            | 1                  | On Loan: No      |
| Capital One Financial Corp                    | Capital One Financial Corp                                          | CUSIP: 14040H782<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     44487 | NS      | $836800.47    | 1.90%             |  |  |  | No            | 1                  | On Loan: No      |
| CELANESE US HOLDINGS LLC                      | Celanese US Holdings LLC                                            | CUSIP: 15089QAP9<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    162000 | PA      | $167493.01    | 0.38%             | 2032-07-15      | Fixed         | 6.88%                 | No            | 2                  | On Loan: No      |
| CHEMOURS CO                                   | Chemours Co/The                                                     | CUSIP: 163851AE8<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |    515000 | PA      | $513192.09    | 1.16%             | 2027-05-15      | Fixed         | 5.38%                 | No            | 2                  | On Loan: No      |
| CLEVELAND-CLIFFS INC                          | Cleveland-Cliffs Inc                                                | CUSIP: 185899AH4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    857000 | PA      | $856432.24    | 1.94%             | 2027-06-01      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| CMS Energy Corp                               | CMS Energy Corp                                                     | CUSIP: 125896845<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     41246 | NS      | $974230.52    | 2.21%             |  |  |  | No            | 1                  | On Loan: No      |
| DANA INC                                      | Dana Inc                                                            | CUSIP: 235825AH9<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |    697000 | PA      | $689625.53    | 1.56%             | 2030-09-01      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| DELL INC                                      | Dell Inc                                                            | CUSIP: 24702RAF8<br>LEI: 3E70L4WYANTIWWIPHC81 | Long             | DBT              | CORP              | US        |    728000 | PA      | $775697.10    | 1.76%             | 2038-04-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Digital Realty Trust Inc                      | Digital Realty Trust Inc                                            | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |       822 | NS      | $137800.08    | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| EXPAND ENERGY CORP                            | Expand Energy Corp                                                  | CUSIP: 845467AT6<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |    584000 | PA      | $568806.31    | 1.29%             | 2032-02-01      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| First American Government Obli                | First American Government Obligations Fund                          | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |    326294 | NS      | $326294.04    | 0.74%             |  |  |  | No            | 1                  | On Loan: No      |
| Gaming and Leisure Properties                 | Gaming and Leisure Properties Inc                                   | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               | CORP              | US        |      3001 | NS      | $144078.01    | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Golub Capital BDC Inc                         | Golub Capital BDC Inc                                               | CUSIP: 38173M102<br>LEI: 2549005WE0QLGK9APF78 | Long             | EC               | CORP              | US        |     83160 | NS      | $1240747.20   | 2.81%             |  |  |  | No            | 1                  | On Loan: —       |
| GOODYEAR TIRE & RUBBER                        | Goodyear Tire & Rubber Co/The                                       | CUSIP: 382550BN0<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |   1066000 | PA      | $1034251.11   | 2.34%             | 2029-07-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: —       |
| Hercules Capital Inc                          | Hercules Capital Inc                                                | CUSIP: 427096508<br>LEI: 549300UJ5OC256GR2B73 | Long             | EC               | CORP              | US        |     80570 | NS      | $1572726.40   | 3.57%             |  |  |  | No            | 1                  | On Loan: —       |
| HF SINCLAIR CORP                              | HF Sinclair Corp                                                    | CUSIP: 403949AS9<br>LEI: 2549009G116AM01XHN24 | Long             | DBT              | CORP              | US        |    253000 | PA      | $260356.82    | 0.59%             | 2035-01-15      | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| HILTON DOMESTIC OPERATIN                      | Hilton Domestic Operating Co Inc                                    | CUSIP: 432833AF8<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    922000 | PA      | $920033.19    | 2.09%             | 2030-01-15      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| Huntsman International LLC                    | Huntsman International LLC                                          | CUSIP: 44701QBE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    530000 | PA      | $509987.10    | 1.16%             | 2029-05-01      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Invesco Emerging Markets Sovereign Debt ETF   | Invesco Emerging Markets Sovereign Debt ETF                         | CUSIP: 46138E784<br>LEI: N/A                  | Long             | EC               | RF                | US        |     45002 | NS      | $941441.84    | 2.13%             |  |  |  | No            | 1                  | On Loan: No      |
| iShares 0-5 Year High Yield Co                | iShares 0-5 Year High Yield Corporate Bond ETF                      | CUSIP: 46434V407<br>LEI: 549300R96U5WQ7R5ID10 | Long             | EC               | RF                | US        |     30442 | NS      | $1315094.40   | 2.98%             |  |  |  | No            | 1                  | On Loan: No      |
| iShares J.P. Morgan EM High Yi                | iShares J.P. Morgan EM High Yield Bond ETF                          | CUSIP: 464286285<br>LEI: 549300DZF05WBBY0EZ78 | Long             | EC               | RF                | US        |     29791 | NS      | $1181213.15   | 2.68%             |  |  |  | No            | 1                  | On Loan: No      |
| JPMORGAN CHASE & CO                           | JPMorgan Chase & Co                                                 | CUSIP: 48128B648<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |     40501 | NS      | $1029535.42   | 2.33%             |  |  |  | No            | 1                  | On Loan: —       |
| METLIFE INC                                   | MetLife Inc                                                         | CUSIP: 59156R850<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EP               | CORP              | US        |     42347 | NS      | $861337.98    | 1.95%             |  |  |  | No            | 1                  | On Loan: —       |
| MORGAN STANLEY                                | Morgan Stanley                                                      | CUSIP: 61762V804<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |     43464 | NS      | $897096.96    | 1.70%             |  |  |  | No            | 1                  | On Loan: No      |
| MORGAN STANLEY                                | Morgan Stanley                                                      | CUSIP: 61762V861<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |     42144 | NS      | $748898.88    | 1.70%             |  |  |  | No            | 1                  | On Loan: No      |
| Mount Vernon Liquid Assets Portfolio, LLC     | Mount Vernon Liquid Assets Portfolio, LLC                           | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |  10118510 | NS      | $10118509.50  | 22.94%            |  |  |  | No            | N/A                | On Loan: No      |
| Murphy Oil Corp                               | Murphy Oil Corp                                                     | CUSIP: 626717AM4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    542000 | PA      | $542539.60    | 1.23%             | 2027-12-01      | Fixed         | 5.88%                 | No            | 2                  | On Loan: —       |
| MURPHY OIL CORP                               | Murphy Oil Corp                                                     | CUSIP: 626717AP7<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | DBT              | CORP              | US        |    315000 | PA      | $306997.46    | 0.70%             | 2032-10-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: —       |
| NATIONAL FUEL GAS CO                          | National Fuel Gas Co                                                | CUSIP: 636180BP5<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | DBT              | CORP              | US        |    929000 | PA      | $932514.54    | 2.11%             | 2028-09-01      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| National Health Investors Inc                 | National Health Investors Inc                                       | CUSIP: 63633D104<br>LEI: 549300ZPKZIG6DKDEC02 | Long             | EC               | CORP              | US        |      3116 | NS      | $243951.64    | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| National Storage Affiliates Tr                | National Storage Affiliates Trust                                   | CUSIP: 637870106<br>LEI: 529900FS06O8GOYNR108 | Long             | EC               | CORP              | US        |      5945 | NS      | $191607.35    | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| NNN REIT Inc                                  | NNN REIT Inc                                                        | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               | CORP              | US        |      7285 | NS      | $312599.35    | 0.71%             |  |  |  | No            | 1                  | On Loan: No      |
| Omega Healthcare Investors Inc                | Omega Healthcare Investors Inc                                      | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               | CORP              | US        |     12446 | NS      | $529826.22    | 1.20%             |  |  |  | No            | 1                  | On Loan: —       |
| PennantPark Floating Rate Capi                | PennantPark Floating Rate Capital Ltd                               | CUSIP: 70806A106<br>LEI: 529900BH3IP6381K4L72 | Long             | EC               | CORP              | US        |    110300 | NS      | $1132781.00   | 2.57%             |  |  |  | No            | 1                  | On Loan: —       |
| Plymouth Industrial REIT Inc                  | Plymouth Industrial REIT Inc                                        | CUSIP: 729640102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12775 | NS      | $281050.00    | 0.64%             |  |  |  | No            | 1                  | On Loan: No      |
| RADIAN GROUP INC                              | Radian Group Inc                                                    | CUSIP: 750236AW1<br>LEI: 54930005OUP720S5U385 | Long             | DBT              | CORP              | US        |    762000 | PA      | $763452.08    | 1.73%             | 2027-03-15      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| Realty Income Corp                            | Realty Income Corp                                                  | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |      8703 | NS      | $511388.28    | 1.16%             |  |  |  | No            | 1                  | On Loan: —       |
| Runway Growth Finance Corp                    | Runway Growth Finance Corp                                          | CUSIP: 78163D100<br>LEI: 254900AXR3J2N1XT0V02 | Long             | EC               | CORP              | US        |     48369 | NS      | $526738.41    | 1.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Sabra Health Care REIT Inc                    | Sabra Health Care REIT Inc                                          | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               | CORP              | US        |      8499 | NS      | $162415.89    | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| Simon Property Group Inc                      | Simon Property Group Inc                                            | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |      5442 | NS      | $983151.72    | 2.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Sixth Street Specialty Lending                | Sixth Street Specialty Lending Inc                                  | CUSIP: 83012A109<br>LEI: 549300TX61566GJWCN05 | Long             | EC               | CORP              | US        |     55555 | NS      | $1358319.75   | 3.08%             |  |  |  | No            | 1                  | On Loan: —       |
| Southern Co/The                               | Southern Co/The                                                     | CUSIP: 842587800<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     42069 | NS      | $905324.88    | 2.05%             |  |  |  | No            | 1                  | On Loan: No      |
| TARGA RESOURCES PARTNERS                      | Targa Resources Partners LP / Targa Resources Partners Finance Corp | CUSIP: 87612BBG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    929000 | PA      | $929997.63    | 2.11%             | 2028-01-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| TRUIST FINANCIAL CORP                         | Truist Financial Corp                                               | CUSIP: 89832Q745<br>LEI: 549300DRQQI75D2JP341 | Long             | EP               | CORP              | US        |     41525 | NS      | $903168.75    | 2.05%             |  |  |  | No            | 1                  | On Loan: No      |
| UNITED RENTALS NORTH AM                       | United Rentals North America Inc                                    | CUSIP: 911365BG8<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    853000 | PA      | $848463.06    | 1.92%             | 2028-01-15      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| VanEck Emerging Markets High Y                | VanEck Emerging Markets High Yield Bond ETF                         | CUSIP: 92189F353<br>LEI: 5493000XZY6IPF1JRM25 | Long             | EC               | RF                | US        |     44620 | NS      | $899539.20    | 2.04%             |  |  |  | No            | 1                  | On Loan: —       |
| VICI Properties Inc                           | VICI Properties Inc                                                 | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |     20021 | NS      | $676309.38    | 1.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Wells Fargo & Co                              | Wells Fargo & Co                                                    | CUSIP: 94988U128<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     44208 | NS      | $847025.28    | 1.92%             |  |  |  | No            | 1                  | On Loan: No      |
| WhiteHorse Finance Inc                        | WhiteHorse Finance Inc                                              | CUSIP: 96524V106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     52790 | NS      | $451354.50    | 1.02%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2025-10-29

**Name of Applicant:** Tidal Trust I

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer