# EDGAR Filing Document

**Accession Number:** 0001742912
**File Stem:** 0001145549-25-042698
**Filing Date:** 2025-6
**Character Count:** 53547
**Document Hash:** 7e356f5fe0fd409d3f8a372d48f47285
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-042698.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0001145549-25-042698

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250626

**DATE AS OF CHANGE**: 20250626

**PERIOD START**: 20250731

**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:** 251078965

**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

### Academy Veteran Impact ETF (Series ID: S000081291)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000243984 | Academy Veteran Impact ETF | VETZ            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Academy Veteran Impact ETF** | **Academy Veteran Impact ETF** | **Academy Veteran Impact ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **April 30, 2025 (Unaudited)** | **April 30, 2025 (Unaudited)** | **April 30, 2025 (Unaudited)** |
| **MORTGAGE-BACKED SECURITIES - 97.6%** | **Par** | **Value** |
| Ginnie Mae I Pool | Ginnie Mae I Pool | Ginnie Mae I Pool |
| &nbsp;&nbsp; Pool 615400, 4.50%, 08/15/2033 | 364798 | $366123 |
| &nbsp;&nbsp; Pool 666291, 2.50%, 12/15/2042 | 79700 | 68772 |
| &nbsp;&nbsp; Pool 682229, 4.00%, 07/15/2049 | 158985 | 149783 |
| &nbsp;&nbsp; Pool AD0997, 2.50%, 04/15/2043 | 39208 | 33833 |
| &nbsp;&nbsp; Pool AD0998, 2.50%, 04/15/2043 | 109792 | 94553 |
| &nbsp;&nbsp; Pool AD0999, 2.50%, 05/15/2043 | 10200 | 8802 |
| Ginnie Mae II Pool | Ginnie Mae II Pool | Ginnie Mae II Pool |
| &nbsp;&nbsp; Pool 784981, 3.50%, 04/20/2050 | 978705 | 889924 |
| &nbsp;&nbsp; Pool 785510, 2.50%, 01/20/2051 | 1945512 | 1628719 |
| &nbsp;&nbsp; Pool 786095, 3.00%, 04/20/2052 | 75083 | 65824 |
| &nbsp;&nbsp; Pool 786134, 3.00%, 04/20/2052 | 2867431 | 2511945 |
| &nbsp;&nbsp; Pool 786463, 3.50%, 12/20/2052 | 2074063 | 1844006 |
| &nbsp;&nbsp; Pool 786464, 2.50%, 12/20/2052 | 430086 | 355330 |
| &nbsp;&nbsp; Pool 786552, 2.00%, 12/20/2052 | 441299 | 351046 |
| &nbsp;&nbsp; Pool 786723, 3.50%, 11/20/2052 | 327076 | 293946 |
| &nbsp;&nbsp; Pool 786724, 2.50%, 01/20/2053 | 890497 | 735714 |
| &nbsp;&nbsp; Pool 786784, 4.50%, 06/20/2053 | 769425 | 734280 |
| &nbsp;&nbsp; Pool 786793, 2.00%, 12/20/2052 | 447759 | 356184 |
| &nbsp;&nbsp; Pool 786842, 4.00%, 04/20/2053 | 864164 | 794282 |
| &nbsp;&nbsp; Pool 787240, 5.00%, 01/20/2054 | 2268324 | 2209711 |
| &nbsp;&nbsp; Pool BK5879, 4.50%, 11/20/2048 | 214824 | 209025 |
| &nbsp;&nbsp; Pool BS8626, 3.00%, 02/20/2050 | 835046 | 735909 |
| &nbsp;&nbsp; Pool BS8891, 3.50%, 02/20/2050 | 1165384 | 1063250 |
| &nbsp;&nbsp; Pool BS8912, 3.00%, 02/20/2050 | 929740 | 819361 |
| &nbsp;&nbsp; Pool BT1911, 3.50%, 12/20/2050 | 149549 | 136502 |
| &nbsp;&nbsp; Pool BU6116, 2.50%, 04/20/2050 | 60424 | 51244 |
| &nbsp;&nbsp; Pool BU6352, 3.50%, 06/20/2051 | 168599 | 151948 |
| &nbsp;&nbsp; Pool BX2636, 2.50%, 10/20/2050 | 707598 | 598588 |
| &nbsp;&nbsp; Pool BY0769, 2.50%, 09/20/2050 | 903090 | 763717 |
| &nbsp;&nbsp; Pool BZ0238, 2.50%, 03/20/2051 | 1865384 | 1566021 |
| &nbsp;&nbsp; Pool CD4331, 2.00%, 04/20/2051 | 428836 | 345881 |
| &nbsp;&nbsp; Pool CK2586, 3.00%, 04/20/2052 | 1345935 | 1179949 |
| &nbsp;&nbsp; Pool CL5518, 3.00%, 03/20/2052 | 2084779 | 1827676 |
| &nbsp;&nbsp; Pool CL5523, 3.00%, 04/20/2052 | 710699 | 623053 |
| &nbsp;&nbsp; Pool CN0347, 3.00%, 09/20/2052 | 324578 | 284743 |
| &nbsp;&nbsp; Pool CN5150, 2.50%, 07/20/2052 | 955234 | 799975 |
| &nbsp;&nbsp; Pool CN6487, 3.00%, 06/20/2052 | 916263 | 803265 |
| &nbsp;&nbsp; Pool CN6885, 3.50%, 05/20/2052 | 82535 | 74540 |
| &nbsp;&nbsp; Pool CN8589, 4.00%, 08/20/2052 | 357184 | 328295 |
| &nbsp;&nbsp; Pool CO4367, 5.00%, 08/20/2052 | 132927 | 129607 |
| &nbsp;&nbsp; Pool CO5989, 3.00%, 02/20/2052 | 1027269 | 899899 |
| &nbsp;&nbsp; Pool CO5999, 3.00%, 09/20/2052 | 673830 | 590282 |
| &nbsp;&nbsp; Pool CQ2299, 3.00%, 11/20/2052 | 966870 | 847003 |
| &nbsp;&nbsp; Pool CQ5485, 4.50%, 11/20/2052 | 383424 | 365599 |
| &nbsp;&nbsp; Pool CR2134, 3.50%, 09/20/2060 | 668266 | 597016 |
| &nbsp;&nbsp; Pool CT5959, 4.50%, 04/20/2053 | 764209 | 728315 |
| &nbsp;&nbsp; Pool CT6282, 4.50%, 02/20/2062 | 465900 | 443010 |
| &nbsp;&nbsp; Pool CT9943, 5.00%, 04/20/2053 | 1378864 | 1343235 |
| &nbsp;&nbsp; Pool CU0134, 4.50%, 05/20/2053 | 585884 | 558365 |
| &nbsp;&nbsp; Pool CU4415, 6.50%, 05/20/2053 | 202671 | 207316 |
| &nbsp;&nbsp; Pool CU5352, 5.50%, 08/20/2053 | 586996 | 587114 |
| &nbsp;&nbsp; Pool CV1066, 5.00%, 06/20/2053 | 609476 | 593727 |
| &nbsp;&nbsp; Pool CV6338, 5.50%, 07/20/2053 | 1237395 | 1238559 |
| &nbsp;&nbsp; Pool CV6387, 5.00%, 06/20/2053 | 681606 | 663994 |
| &nbsp;&nbsp; Pool CV6664, 5.50%, 06/20/2053 | 359686 | 360924 |
| &nbsp;&nbsp; Pool CV7142, 4.50%, 07/20/2050 | 1374860 | 1310284 |
| &nbsp;&nbsp; Pool CW6876, 7.00%, 08/20/2053 | 99351 | 101371 |
| &nbsp;&nbsp; Pool DG4649, 5.50%, 12/20/2054 | 584201 | 581165 |
| &nbsp;&nbsp; Pool MA2752, 2.50%, 04/20/2045 | 1029485 | 888413 |
| &nbsp;&nbsp; Pool MA2824, 2.50%, 05/20/2045 | 692525 | 597627 |
| &nbsp;&nbsp; Pool MA5386, 3.00%, 08/20/2048 | 160259 | 140982 |
| &nbsp;&nbsp; Pool MA6464, 3.00%, 02/20/2050 | 121466 | 105838 |
| &nbsp;&nbsp; Pool MA7191, 1.50%, 02/20/2051 | 328748 | 255460 |
| &nbsp;&nbsp; Pool MA7906, 2.00%, 03/20/2037 | 647183 | 583909 |
| &nbsp;&nbsp; Pool MA8040, 1.50%, 04/20/2052 | 552632 | 420916 |
| &nbsp;&nbsp; Pool MA8095, 1.50%, 12/20/2043 | 103719 | 87872 |
| &nbsp;&nbsp; Pool MA8173, 2.50%, 08/20/2037 | 226107 | 210810 |
| &nbsp;&nbsp; Pool MA8239, 2.00%, 02/20/2037 | 445870 | 409993 |
| &nbsp;&nbsp; Pool MA8314, 2.00%, 01/20/2037 | 111447 | 102480 |
| &nbsp;&nbsp; Pool MA8417, 4.00%, 11/20/2052 | 1820634 | 1654777 |
| &nbsp;&nbsp; Pool MA8710, 3.00%, 01/20/2052 | 1404496 | 1217482 |
| &nbsp;&nbsp; Pool MA8712, 4.00%, 03/20/2053 | 3536996 | 3217140 |
| &nbsp;&nbsp; Pool MA8782, 2.00%, 12/20/2051 | 750678 | 597150 |
| &nbsp;&nbsp; Pool MA8783, 2.50%, 03/20/2052 | 1286495 | 1061374 |
| &nbsp;&nbsp; Pool MA8860, 2.00%, 08/20/2052 | 795836 | 633073 |
| &nbsp;&nbsp; Pool MA8862, 3.00%, 01/20/2053 | 1575650 | 1365846 |
| &nbsp;&nbsp; Pool MA8941, 2.00%, 06/20/2053 | 1564444 | 1274094 |
| &nbsp;&nbsp; Pool MA9093, 5.00%, 08/20/2053 | 1600869 | 1564238 |
| &nbsp;&nbsp; Pool MA9153, 2.50%, 09/20/2053 | 817637 | 674561 |
| &nbsp;&nbsp; Pool MA9157, 4.50%, 09/20/2053 | 1517156 | 1441425 |
| &nbsp;&nbsp; Pool MA9223, 3.00%, 04/20/2052 | 2869277 | 2487222 |
| &nbsp;&nbsp; Pool MA9224, 3.50%, 10/20/2053 | 836045 | 742769 |
| &nbsp;&nbsp; Pool MA9287, 3.00%, 02/20/2052 | 854696 | 740890 |
| &nbsp;&nbsp; Pool MA9344, 3.00%, 09/20/2053 | 194678 | 168567 |
| &nbsp;&nbsp; Pool MA9406, 3.50%, 11/20/2053 | 2286948 | 2031797 |
| &nbsp;&nbsp; Pool MA9481, 2.00%, 01/20/2054 | 3246781 | 2645952 |
| &nbsp;&nbsp; Pool MA9593, 6.00%, 04/20/2054 | 807211 | 812546 |
| &nbsp;&nbsp; Pool MA9710, 4.50%, 05/20/2054 | 281454 | 266157 |
| &nbsp;&nbsp; Pool MA9893, 5.50%, 09/20/2054 | 181704 | 180896 |
| Small Business Administration Pools <sup>(b)</sup> | Small Business Administration Pools <sup>(b)</sup> | Small Business Administration Pools <sup>(b)</sup> |
| &nbsp;&nbsp; Pool 530428, 5.05% (Prime Rate + (2.45%)), 10/25/2033 | 303024 | 304785 |
| &nbsp;&nbsp; Pool 530439, 5.05% (Prime Rate + (2.45%)), 10/25/2033 | 769778 | 774253 |
| &nbsp;&nbsp; Pool 530455, 5.15% (Prime Rate + (2.35%)), 11/25/2033 | 1197755 | 1208202 |
| &nbsp;&nbsp; Pool 530472, 5.20% (Prime Rate + (2.30%)), 12/25/2033 | 299806 | 302752 |
| &nbsp;&nbsp; Pool 530560, 4.80% (Prime Rate + (2.70%)), 05/25/2034 | 505550 | 505448 |
| &nbsp;&nbsp; Pool 530574, 4.80% (Prime Rate + (2.70%)), 05/25/2034 | 451411 | 451322 |
| &nbsp;&nbsp; Pool 530588, 4.80% (Prime Rate + (2.70%)), 08/25/2034 | 763242 | 763033 |
| &nbsp;&nbsp; Pool 530592, 6.50% (Prime Rate + (1.00%)), 08/25/2034 | 277462 | 288879 |
| &nbsp;&nbsp; Pool 530612, 4.80% (Prime Rate + (2.70%)), 08/25/2034 | 450340 | 450219 |
| &nbsp;&nbsp; Pool 530631, 4.85% (Prime Rate + (2.65%)), 08/25/2034 | 175869 | 176071 |
| &nbsp;&nbsp; Pool 530653, 4.85% (Prime Rate + (2.65%)), 09/25/2034 | 70824 | 70907 |
| &nbsp;&nbsp; Pool 530692, 4.85% (Prime Rate + (2.65%)), 11/25/2034 | 435270 | 438440 |
| &nbsp;&nbsp; Pool 530776, 4.85% (Prime Rate + (2.65%)), 03/25/2035 | 596064 | 600827 |
| **TOTAL MORTGAGE-BACKED SECURITIES** (Cost $72,439,223) | **TOTAL MORTGAGE-BACKED SECURITIES** (Cost $72,439,223) | 72919898 |
| **SHORT-TERM INVESTMENTS - 1.9%** | **Shares** |  |
| **Money Market Funds - 1.9%** |  |  |
| First American Government Obligations Fund - Class X, 4.25% <sup>(a)</sup> | 1404204 | 1404204 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $1,404,204) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $1,404,204) | 1404204 |
| **TOTAL INVESTMENTS - 99.5% (**Cost $73,843,427**)** | **TOTAL INVESTMENTS - 99.5% (**Cost $73,843,427**)** | 74324102 |
| Other Assets in Excess of Liabilities - 0.5% | Other Assets in Excess of Liabilities - 0.5% | 358015 |
| **TOTAL NET ASSETS - 100.0%** |  | $74682117 |
| two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |

---

(a) The rate shown represents the 7-day annualized effective yield as of April 30, 2025.

(b) Coupon rate is variable based on the weighted average coupon of the underlying collateral. To the extent the weighted average coupon of the underlying assets which comprise the collateral
 increases or decreases, the coupon rate of this security will increase or decrease correspondingly. The rate disclosed is as of April 30, 2025.

------

#### Summary of Fair Value Disclosure as of April 30, 2025 (Unaudited)
Academy Veteran Impact ETF (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of April 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Mortgage-Backed Securities | $– | $72919898 | $– | $72919898 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 1404204 | – | – | 1404204 |
| Total Investments | $1404204 | $72919898 | $– | $74324102 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53204

  - **Telephone number:** 844-986-7700

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

- **a. Name of Series:** Academy Veteran Impact ETF

- **b. EDGAR series identifier (if any):** S000081291

- **c. LEI of Series:** 5493000KQ8XCYEBZT527

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

- **a. Date of fiscal year-end:** 2025-07-31

- **b. Date as of which information is reported:** 2025-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $74703370.21

**Total Liabilities:** $21252.75

**Net Assets:** $74682117.46

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.000000000000 | **1-Year:** 0.000000000000 | **5-Year:** 445.180000000000 | **10-Year:** 8708.990000000000 | **30-Year:** 32419.130000000000

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

- **3-Month:** 0.000000000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000243984 | 2.46%                | -0.02%               | 0.07%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $1462740.33                                |
| Month 2  | $0.00                    | $-352539.14                                |
| Month 3  | $0.00                    | $-283529.39                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   1404204 | NS      | $1404204.34   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 36179X5A0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1564444 | PA      | $1274093.94   | 1.71%             | 2053-06-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BREAN CAPITAL, LLC             | Small Business Administration Pools        | CUSIP: 8316A0VE7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    450340 | PA      | $450218.96    | 0.60%             | 2034-08-25      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| BREAN CAPITAL, LLC             | Small Business Administration Pools        | CUSIP: 8316A0VZ0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    175869 | PA      | $176070.82    | 0.24%             | 2034-08-25      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 36179RD55<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    692525 | PA      | $597627.45    | 0.80%             | 2045-05-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 36179T6X8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    160259 | PA      | $140981.80    | 0.19%             | 2048-08-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 36179XVB9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1404496 | PA      | $1217482.25   | 1.63%             | 2052-01-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 36179XXL5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1286494 | PA      | $1061374.15   | 1.42%             | 2052-03-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 36179YG81<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2869277 | PA      | $2487221.49   | 3.33%             | 2052-04-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 36179YNX8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2286948 | PA      | $2031797.45   | 2.72%             | 2053-11-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 36179YYF5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    281454 | PA      | $266156.66    | 0.36%             | 2054-05-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3617F4WK5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    955234 | PA      | $799975.02    | 1.07%             | 2052-07-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3617F6UJ5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     82535 | PA      | $74540.26     | 0.10%             | 2052-05-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3617MKSP5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    835046 | PA      | $735908.68    | 0.99%             | 2050-02-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3617QG2A1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    903090 | PA      | $763717.11    | 1.02%             | 2050-09-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3617YDD41<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    710699 | PA      | $623053.09    | 0.83%             | 2052-04-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae I Pool                          | CUSIP: 36180CDC0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     10200 | PA      | $8801.83      | 0.01%             | 2043-05-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BREAN CAPITAL, LLC             | Small Business Administration Pools        | CUSIP: 8316A0WP1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     70824 | PA      | $70906.63     | 0.09%             | 2034-09-25      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae I Pool                          | CUSIP: 36295CF89<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     79700 | PA      | $68771.70     | 0.09%             | 2042-12-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BREAN CAPITAL, LLC             | Small Business Administration Pools        | CUSIP: 8316A0UN8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    763242 | PA      | $763032.95    | 1.02%             | 2034-08-25      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3617YXL48<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    324578 | PA      | $284742.63    | 0.38%             | 2052-09-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3618BB6T1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    465900 | PA      | $443010.11    | 0.59%             | 2062-02-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3618BGBL1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1378864 | PA      | $1343234.87   | 1.80%             | 2053-04-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3618BM3Y9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    202671 | PA      | $207315.85    | 0.28%             | 2053-05-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3618F35B5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1374860 | PA      | $1310284.07   | 1.75%             | 2050-07-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3618F3MM2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    359686 | PA      | $360924.24    | 0.48%             | 2053-06-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3622ABUU4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     75083 | PA      | $65823.53     | 0.09%             | 2052-04-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3622ACNJ5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    447759 | PA      | $356184.28    | 0.48%             | 2052-12-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 36179RBV0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1029485 | PA      | $888412.77    | 1.19%             | 2045-04-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 36179Y7E8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    181704 | PA      | $180896.45    | 0.24%             | 2054-09-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae I Pool                          | CUSIP: 36180CDA4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     39208 | PA      | $33832.59     | 0.05%             | 2043-04-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3618AGLP2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    668266 | PA      | $597016.06    | 0.80%             | 2060-09-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3618FFT97<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     99351 | PA      | $101370.55    | 0.14%             | 2053-08-20      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 36179W7G7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    103719 | PA      | $87872.21     | 0.12%             | 2043-12-20      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 36179V7C8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    328748 | PA      | $255460.17    | 0.34%             | 2051-02-20      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 36179WYB8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    647183 | PA      | $583908.64    | 0.78%             | 2037-03-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 36179XCJ3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    226107 | PA      | $210809.76    | 0.28%             | 2037-08-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 36179XK62<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1820634 | PA      | $1654777.46   | 2.22%             | 2052-11-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 36179XXK7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    750678 | PA      | $597150.40    | 0.80%             | 2051-12-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 36179YE26<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    817637 | PA      | $674561.02    | 0.90%             | 2053-09-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 36179YRA4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3246780 | PA      | $2645951.99   | 3.54%             | 2054-01-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3617FHUN2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1027269 | PA      | $899898.74    | 1.20%             | 2052-02-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3617MK3V9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    929740 | PA      | $819360.65    | 1.10%             | 2050-02-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 36179XGX8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    111447 | PA      | $102479.64    | 0.14%             | 2037-01-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 36179YE67<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1517156 | PA      | $1441424.76   | 1.93%             | 2053-09-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3617N7YM3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     60424 | PA      | $51244.28     | 0.07%             | 2050-04-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3617Q64V5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    707598 | PA      | $598587.61    | 0.80%             | 2050-10-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 36179YG99<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    836045 | PA      | $742768.79    | 0.99%             | 2053-10-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3617F6F45<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    916263 | PA      | $803265.36    | 1.08%             | 2052-06-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3622AAM68<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    978705 | PA      | $889924.04    | 1.19%             | 2050-04-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3622ACB82<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2074063 | PA      | $1844005.89   | 2.47%             | 2052-12-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3622ACP38<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    864164 | PA      | $794282.19    | 1.06%             | 2053-04-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 36179XZZ2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    795836 | PA      | $633072.65    | 0.85%             | 2052-08-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 36179YUS1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    807211 | PA      | $812545.48    | 1.09%             | 2054-04-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3617QUHP1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1865384 | PA      | $1566021.01   | 2.10%             | 2051-03-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3622ACEZ9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    441299 | PA      | $351045.46    | 0.47%             | 2052-12-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3622ACLC2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    327076 | PA      | $293946.14    | 0.39%             | 2052-11-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BREAN CAPITAL, LLC             | Small Business Administration Pools        | CUSIP: 8316A0XW5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    435270 | PA      | $438440.46    | 0.59%             | 2034-11-25      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3617VEY49<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    428836 | PA      | $345881.18    | 0.46%             | 2051-04-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3618F3BF9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1237395 | PA      | $1238558.77   | 1.66%             | 2053-07-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3622ACM98<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    769425 | PA      | $734279.54    | 0.98%             | 2053-06-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BREAN CAPITAL, LLC             | Small Business Administration Pools        | CUSIP: 8316A0QH6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   1197755 | PA      | $1208201.68   | 1.62%             | 2033-11-25      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae I Pool                          | CUSIP: 36180CDB2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    109792 | PA      | $94553.09     | 0.13%             | 2043-04-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae I Pool                          | CUSIP: 36290RUZ4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    364798 | PA      | $366123.05    | 0.49%             | 2033-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae I Pool                          | CUSIP: 36295V4N6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    158985 | PA      | $149782.86    | 0.20%             | 2049-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BREAN CAPITAL, LLC             | Small Business Administration Pools        | CUSIP: 8316A02J8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    596064 | PA      | $600826.55    | 0.80%             | 2035-03-25      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| BREAN CAPITAL, LLC             | Small Business Administration Pools        | CUSIP: 8316A0PN4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    303024 | PA      | $304785.00    | 0.41%             | 2033-10-25      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| BREAN CAPITAL, LLC             | Small Business Administration Pools        | CUSIP: 8316A0Q29<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    299806 | PA      | $302751.74    | 0.41%             | 2033-12-25      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 36179W4Z8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    552632 | PA      | $420916.41    | 0.56%             | 2052-04-20      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3617FFZ84<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    132927 | PA      | $129607.26    | 0.17%             | 2052-08-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3617FHUY8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    673830 | PA      | $590282.43    | 0.79%             | 2052-09-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3617YDDX7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2084779 | PA      | $1827676.06   | 2.45%             | 2052-03-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3622ACB90<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    430086 | PA      | $355329.60    | 0.48%             | 2052-12-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BREAN CAPITAL, LLC             | Small Business Administration Pools        | CUSIP: 8316A0PZ7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    769778 | PA      | $774253.42    | 1.04%             | 2033-10-25      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| BREAN CAPITAL, LLC             | Small Business Administration Pools        | CUSIP: 8316A0T83<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    451411 | PA      | $451322.10    | 0.60%             | 2034-05-25      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 36179XVD5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3536996 | PA      | $3217140.24   | 4.31%             | 2053-03-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3618A4RU2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    966870 | PA      | $847003.14    | 1.13%             | 2052-11-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BREAN CAPITAL, LLC             | Small Business Administration Pools        | CUSIP: 8316A0TS9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    505550 | PA      | $505447.92    | 0.68%             | 2034-05-25      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| BREAN CAPITAL, LLC             | Small Business Administration Pools        | CUSIP: 8316A0US7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    277462 | PA      | $288879.21    | 0.39%             | 2034-08-25      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 36179YJ88<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    854696 | PA      | $740889.98    | 0.99%             | 2052-02-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 36179YLZ5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    194678 | PA      | $168567.36    | 0.23%             | 2053-09-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3617J6Q80<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    214824 | PA      | $209025.42    | 0.28%             | 2048-11-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3617MK2Y4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1165384 | PA      | $1063250.28   | 1.42%             | 2050-02-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3617MQDQ6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    149549 | PA      | $136502.27    | 0.18%             | 2050-12-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3617N8BV6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    168599 | PA      | $151947.86    | 0.20%             | 2051-06-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3618BHEF9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    585884 | PA      | $558365.38    | 0.75%             | 2053-05-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3618BN5M1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    586996 | PA      | $587114.01    | 0.79%             | 2053-08-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3618BWFF5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    609476 | PA      | $593727.29    | 0.80%             | 2053-06-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3618K1EW7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    584200 | PA      | $581165.29    | 0.78%             | 2054-12-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3617XW2T7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1345935 | PA      | $1179948.77   | 1.58%             | 2052-04-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3618A8CW5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    383424 | PA      | $365598.72    | 0.49%             | 2052-11-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3622ABAK8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1945512 | PA      | $1628719.43   | 2.18%             | 2051-01-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3622ABV33<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2867431 | PA      | $2511945.37   | 3.36%             | 2052-04-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3618BBTQ2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    764209 | PA      | $728315.00    | 0.98%             | 2053-04-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3618F3CY7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    681606 | PA      | $663993.72    | 0.89%             | 2053-06-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3622ACLD0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    890497 | PA      | $735713.47    | 0.99%             | 2053-01-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3622AC4Z0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2268324 | PA      | $2209711.17   | 2.96%             | 2054-01-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 36179XEL6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    445870 | PA      | $409992.67    | 0.55%             | 2037-02-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 36179XZ33<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1575650 | PA      | $1365846.25   | 1.83%             | 2053-01-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 36179YC69<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1600869 | PA      | $1564238.34   | 2.09%             | 2053-08-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 3617F8RJ5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    357184 | PA      | $328295.11    | 0.44%             | 2052-08-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                         | CUSIP: 36179VFD7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    121466 | PA      | $105838.40    | 0.14%             | 2050-02-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-26

**Name of Applicant:** Tidal ETF Trust

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer