# EDGAR Filing Document

**Accession Number:** 0001742912
**File Stem:** 0002000324-26-000664
**Filing Date:** 2026-2
**Character Count:** 41559
**Document Hash:** 60fca4b2b84bd06ca091d3e2b0520196
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-26-000664.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0002000324-26-000664

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20251231

**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:** 26682488

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

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

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

## Series and Classes Contracts Data

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53204

  - **Telephone number:** 8449867676

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

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

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

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

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**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:** $63834177.22

**Total Liabilities:** $209431.44

**Net Assets:** $63624745.78

**Cash Not Reported:** $906404.59

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0 | **1-Year:** 0 | **5-Year:** -9385.26 | **10-Year:** 0 | **30-Year:** -80539.89

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000233167 | 2.63%                | 0.80%                | -0.25%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $117482.08               | $863076.54                                 |
| Month 2  | $-59.78                  | $330205.27                                 |
| Month 3  | $-97035.90               | $151895.96                                 |

**Designated Index Information**

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

- **Index Identifier:** SPTR

### Schedule of Portfolio Investments

| Name                                           | Title                                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| TSY INFL IX N/B                                | United States Treasury Inflation Indexed Bonds         | CUSIP: 912810QP6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2144023 | PA      | $2104976.65   | 3.31%             | 2041-02-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                | United States Treasury Inflation Indexed Bonds         | CUSIP: 912810QV3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3619742 | PA      | $2826984.90   | 4.44%             | 2042-02-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                | United States Treasury Inflation Indexed Bonds         | CUSIP: 912810RA8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3550464 | PA      | $2651159.92   | 4.17%             | 2043-02-15      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                | United States Treasury Inflation Indexed Bonds         | CUSIP: 912810RF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3823835 | PA      | $3211781.01   | 5.05%             | 2044-02-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                | United States Treasury Inflation Indexed Bonds         | CUSIP: 912810RL4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3718134 | PA      | $2720259.36   | 4.28%             | 2045-02-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                | United States Treasury Inflation Indexed Bonds         | CUSIP: 912810RR1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3774872 | PA      | $2855610.23   | 4.49%             | 2046-02-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                | United States Treasury Inflation Indexed Bonds         | CUSIP: 912810RW0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3458477 | PA      | $2502372.35   | 3.93%             | 2047-02-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                | United States Treasury Inflation Indexed Bonds         | CUSIP: 912810SG4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2591782 | PA      | $1871120.58   | 2.94%             | 2049-02-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                | United States Treasury Inflation Indexed Bonds         | CUSIP: 912810SM1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2221388 | PA      | $1283917.26   | 2.02%             | 2050-02-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                | United States Treasury Inflation Indexed Bonds         | CUSIP: 912810TP3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1232291 | PA      | $964335.20    | 1.52%             | 2053-02-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                | United States Treasury Inflation Indexed Bonds         | CUSIP: 912810TY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2165358 | PA      | $1952556.76   | 3.07%             | 2054-02-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                | United States Treasury Inflation Indexed Bonds         | CUSIP: 912810UH9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1187682 | PA      | $1130510.74   | 1.78%             | 2055-02-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds | United States Treasury Inflation Indexed Bonds         | CUSIP: 912810SB5<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   3171577 | PA      | $2324939.93   | 3.65%             | 2048-02-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds | United States Treasury Inflation Indexed Bonds         | CUSIP: 912810SV1<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   2073545 | PA      | $1124688.09   | 1.77%             | 2051-02-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds | United States Treasury Inflation Indexed Bonds         | CUSIP: 912810TE8<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   1995440 | PA      | $1059551.56   | 1.67%             | 2052-02-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| N/A                                            | MSCI EAFE         Mar26                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        20 | NC      | $10765.60     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                            | MSCI EmgMkt       Mar26                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        51 | NC      | $60219.78     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                            | SP500 MIC EMIN FUTMar26                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       261 | NC      | $29579.13     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                            | US 10YR NOTE (CBT)Mar26                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       138 | NC      | $-123567.96   | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                            | US ULTRA BOND CBT Mar26                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       129 | NC      | $-372360.33   | -0.59%            |  |  |  | No            |                  1 | On Loan: No      |
| Gazprom PJSC                                   | Gazprom PJSC                                           | CUSIP: 368287207<br>LEI: N/A                  | Long             | EC               | CORP              | RU        |     11925 | NS      | $0.00         | -20.00%           |  |  |  | No            |                  3 | On Loan: No      |
| GMK Norilskiy Nickel PAO                       | GMK Norilskiy Nickel PAO                               | CUSIP: 55315J102<br>LEI: 253400JPTEEW143W3E47 | Long             | EC               | CORP              | RU        |      3990 | NS      | $0.00         | -20.00%           |  |  |  | No            |                  3 | On Loan: No      |
| LUKOIL PJSC                                    | LUKOIL PJSC                                            | CUSIP: 69343P105<br>LEI: 549300LCJ1UJXHYBWI24 | Long             | EC               | CORP              | RU        |       818 | NS      | $0.00         | -20.00%           |  |  |  | No            |                  3 | On Loan: No      |
| Novatek PJSC                                   | Novatek PJSC                                           | CUSIP: 669888109<br>LEI: N/A                  | Long             | EC               | CORP              | RU        |       329 | NS      | $0.00         | -20.00%           |  |  |  | No            |                  3 | On Loan: No      |
| PhosAgro PJSC                                  | PhosAgro PJSC                                          | CUSIP: 71922G308<br>LEI: N/A                  | Long             | EC               | CORP              | RU        |      1126 | NS      | $0.00         | -20.00%           |  |  |  | No            |                  3 | On Loan: No      |
| Rosneft Oil Co PJSC                            | Rosneft Oil Co PJSC                                    | CUSIP: 67812M207<br>LEI: N/A                  | Long             | EC               | CORP              | RU        |     10479 | NS      | $0.00         | -20.00%           |  |  |  | No            |                  3 | On Loan: No      |
| AGCO Corp                                      | AGCO Corp                                              | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |       573 | NS      | $59775.36     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Co Inc                    | American Water Works Co Inc                            | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |       572 | NS      | $74646.00     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Antofagasta PLC                                | Antofagasta PLC                                        | CUSIP: N/A<br>LEI: 213800MY6QVH4FVLD628       | Long             | EC               | CORP              | CL        |      5270 | NS      | $232428.07    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| BHP Group Ltd                                  | BHP Group Ltd                                          | CUSIP: 088606108<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |     12672 | NS      | $765008.64    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Boliden AB                                     | Boliden AB                                             | CUSIP: N/A<br>LEI: 21380059QU7IM1ONDJ56       | Long             | EC               | CORP              | SE        |      1488 | NS      | $83158.07     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| BP PLC                                         | BP PLC                                                 | CUSIP: 055622104<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |      5978 | NS      | $207615.94    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corp                                    | Cameco Corp                                            | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |      2251 | NS      | $206387.51    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Natural Resources Ltd                 | Canadian Natural Resources Ltd                         | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |      4914 | NS      | $166661.94    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Cenovus Energy Inc                             | Cenovus Energy Inc                                     | CUSIP: 15135U109<br>LEI: 549300F4XPHJ7NOSP309 | Long             | EC               | CORP              | CA        |      4507 | NS      | $76346.92     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings Inc                     | CF Industries Holdings Inc                             | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |      1418 | NS      | $109668.12    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                                   | Chevron Corp                                           | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4663 | NS      | $710687.83    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| China Nonferrous Mining Corp L                 | China Nonferrous Mining Corp Ltd                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     22376 | NS      | $42403.29     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Cia de Saneamento Basico do Es                 | Cia de Saneamento Basico do Estado de Sao Paulo SABESP | CUSIP: 20441A102<br>LEI: 254900UOXRZRS2TNWP19 | Long             | EC               | CORP              | BR        |      1846 | NS      | $44030.85     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CMOC Group Ltd                                 | CMOC Group Ltd                                         | CUSIP: N/A<br>LEI: 2549008KG3638J59U652       | Long             | EC               | CORP              | CN        |    125538 | NS      | $310316.84    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| CNH Industrial NV                              | CNH Industrial NV                                      | CUSIP: N/A<br>LEI: 549300WGC2HZ5J67V817       | Long             | EC               | CORP              | GB        |     11414 | NS      | $105237.08    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                                 | ConocoPhillips                                         | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |      2859 | NS      | $267630.99    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                                    | Corteva Inc                                            | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |      6043 | NS      | $405062.29    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc                             | Coterra Energy Inc                                     | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |      1687 | NS      | $44401.84     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co                                     | Deere & Co                                             | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |      2510 | NS      | $1168580.70   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corp                              | Devon Energy Corp                                      | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |      1395 | NS      | $51098.85     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                         | Diamondback Energy Inc                                 | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |       646 | NS      | $97113.18     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc                                     | Ecolab Inc                                             | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |       692 | NS      | $181663.84    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecopetrol SA                                   | Ecopetrol SA                                           | CUSIP: 279158109<br>LEI: 254900IDGKCJICKBPA66 | Long             | EC               | CORP              | CO        |      4860 | NS      | $48697.20     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Eni SpA                                        | Eni SpA                                                | CUSIP: 26874R108<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | EC               | CORP              | IT        |      3647 | NS      | $138367.18    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc                              | EOG Resources Inc                                      | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |      1248 | NS      | $131052.48    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corp                                       | EQT Corp                                               | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |      1374 | NS      | $73646.40     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinor ASA                                    | Equinor ASA                                            | CUSIP: 29446M102<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | EC               | CORP              | NO        |      6019 | NS      | $142228.97    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp                             | Expand Energy Corp                                     | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |       656 | NS      | $72396.16     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                               | Exxon Mobil Corp                                       | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      9906 | NS      | $1192088.04   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| First Quantum Minerals Ltd                     | First Quantum Minerals Ltd                             | CUSIP: 335934105<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | EC               | CORP              | CA        |      4331 | NS      | $116272.70    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                                | First Solar Inc                                        | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |       797 | NS      | $208200.31    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortescue Ltd                                  | Fortescue Ltd                                          | CUSIP: N/A<br>LEI: 529900VEJFORCO6I4826       | Long             | EC               | CORP              | AU        |     16766 | NS      | $246080.37    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc                           | Freeport-McMoRan Inc                                   | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |      7533 | NS      | $382601.07    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Geberit AG                                     | Geberit AG                                             | CUSIP: N/A<br>LEI: 52990093Z5OHD6T7BS47       | Long             | EC               | CORP              | CH        |        96 | NS      | $75079.33     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Glencore PLC                                   | Glencore PLC                                           | CUSIP: N/A<br>LEI: 2138002658CPO9NBH955       | Long             | EC               | CORP              | CH        |     64708 | NS      | $353841.28    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldwind Science & Technology Co Ltd           | Goldwind Science & Technology Co Ltd                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     43014 | NS      | $74107.76     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Halma PLC                                      | Halma PLC                                              | CUSIP: N/A<br>LEI: 2138007FRGLUR9KGBT40       | Long             | EC               | CORP              | GB        |       838 | NS      | $39878.46     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Imperial Oil Ltd                               | Imperial Oil Ltd                                       | CUSIP: 453038408<br>LEI: 549300JZNB745JT5WY51 | Long             | EC               | CORP              | CA        |      1141 | NS      | $98704.93     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Inpex Corp                                     | Inpex Corp                                             | CUSIP: N/A<br>LEI: 353800VHYYADPR6MXQ47       | Long             | EC               | CORP              | JP        |      2746 | NS      | $54781.60     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Ivanhoe Mines Ltd                              | Ivanhoe Mines Ltd                                      | CUSIP: 46579R104<br>LEI: 5299006XZISURYIA4G32 | Long             | EC               | CORP              | CA        |      6785 | NS      | $77267.08     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Jiangxi Copper Co Ltd                          | Jiangxi Copper Co Ltd                                  | CUSIP: N/A<br>LEI: 3003002E74YFQ6MEZY56       | Long             | EC               | CORP              | CN        |     23303 | NS      | $128378.32    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Kubota Corp                                    | Kubota Corp                                            | CUSIP: N/A<br>LEI: 549300CSY4INHEHQQT13       | Long             | EC               | CORP              | JP        |     10017 | NS      | $141648.41    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Lundin Mining Corp                             | Lundin Mining Corp                                     | CUSIP: 550372106<br>LEI: 549300FQDIM6C8HTN269 | Long             | EC               | CORP              | CA        |      4523 | NS      | $97339.78     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Lynas Rare Earths Ltd                          | Lynas Rare Earths Ltd                                  | CUSIP: 551073307<br>LEI: 529900SGT9M1FJPXXI35 | Long             | EC               | CORP              | AU        |      5367 | NS      | $44385.09     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MMG Ltd                                        | MMG Ltd                                                | CUSIP: N/A<br>LEI: 529900XB5IQXFMSWEC48       | Long             | EC               | CORP              | AU        |     66698 | NS      | $75151.47     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Mosaic Co/The                                  | Mosaic Co/The                                          | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |      2869 | NS      | $69114.21     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MP Materials Corp                              | MP Materials Corp                                      | CUSIP: 553368101<br>LEI: 89450063PHPS61USMT84 | Long             | EC               | CORP              | US        |       932 | NS      | $47084.64     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| NAC Kazatomprom JSC                            | NAC Kazatomprom JSC                                    | CUSIP: 63253R201<br>LEI: 5493008JG5TXJP2JSY44 | Long             | EC               | CORP              | KZ        |      1419 | NS      | $79180.20     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Nextpower Inc                                  | Nextpower Inc                                          | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1004 | NS      | $87458.44     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordex SE                                      | Nordex SE                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | DE        |      1975 | NS      | $67545.16     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutrien Ltd                                    | Nutrien Ltd                                            | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |      4263 | NS      | $263477.19    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp                      | Occidental Petroleum Corp                              | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |      2258 | NS      | $92848.96     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| OMV AG                                         | OMV AG                                                 | CUSIP: N/A<br>LEI: 549300V62YJ9HTLRI486       | Long             | EC               | CORP              | AT        |       760 | NS      | $42415.62     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Pentair PLC                                    | Pentair PLC                                            | CUSIP: N/A<br>LEI: 549300EVR9D56WPSRP15       | Long             | EC               | CORP              | GB        |       409 | NS      | $42593.26     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PLS Group Ltd                                  | PLS Group Ltd                                          | CUSIP: N/A<br>LEI: 5299000VV1CZVF5K9C16       | Long             | EC               | CORP              | AU        |     18432 | NS      | $51869.54     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Repsol SA                                      | Repsol SA                                              | CUSIP: N/A<br>LEI: BSYCX13Y0NOTV14V9N85       | Long             | EC               | CORP              | ES        |      2692 | NS      | $50348.93     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto PLC                                  | Rio Tinto PLC                                          | CUSIP: 767204100<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |      9109 | NS      | $728993.27    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Salmar ASA                                     | Salmar ASA                                             | CUSIP: N/A<br>LEI: 5967007LIEEXZXGDBK67       | Long             | EC               | CORP              | NO        |      1150 | NS      | $70401.07     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                                      | Shell PLC                                              | CUSIP: 780259305<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |      6616 | NS      | $486143.68    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Sociedad Quimica y Minera de C                 | Sociedad Quimica y Minera de Chile SA                  | CUSIP: 833635105<br>LEI: TJ88LXZZW5PWIN93ZC81 | Long             | EC               | CORP              | CL        |      2273 | NS      | $156382.40    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| South32 Ltd                                    | South32 Ltd                                            | CUSIP: N/A<br>LEI: 213800LAZNPXSBKVHR17       | Long             | EC               | CORP              | AU        |     24890 | NS      | $59088.42     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Copper Corp                           | Southern Copper Corp                                   | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |      3708 | NS      | $531915.31    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Metal Mining Co Ltd                   | Sumitomo Metal Mining Co Ltd                           | CUSIP: N/A<br>LEI: 353800CF81IXL9974H84       | Long             | EC               | CORP              | JP        |      1681 | NS      | $68175.17     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Suncor Energy Inc                              | Suncor Energy Inc                                      | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |      2791 | NS      | $124039.92    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Teck Resources Ltd                             | Teck Resources Ltd                                     | CUSIP: 878742204<br>LEI: T8KI5SQ2JRWHL7XY0E11 | Long             | EC               | CORP              | CA        |      2452 | NS      | $117542.16    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Toro Co/The                                    | Toro Co/The                                            | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |       820 | NS      | $64550.40     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                               | TotalEnergies SE                                       | CUSIP: N/A<br>LEI: 529900S21EQ1BO4ESM68       | Long             | EC               | CORP              | FR        |      4942 | NS      | $323305.64    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Tourmaline Oil Corp                            | Tourmaline Oil Corp                                    | CUSIP: 89156V106<br>LEI: 894500I7AXG91VB3PM28 | Long             | EC               | CORP              | CA        |       876 | NS      | $39347.31     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Vale SA                                        | Vale SA                                                | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |     24130 | NS      | $314413.90    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Veolia Environnement SA                        | Veolia Environnement SA                                | CUSIP: N/A<br>LEI: 969500LENY69X51OOT31       | Long             | EC               | CORP              | FR        |      2136 | NS      | $74556.55     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Vestas Wind Systems A/S                        | Vestas Wind Systems A/S                                | CUSIP: N/A<br>LEI: 549300DYMC8BGZZC8844       | Long             | EC               | CORP              | DK        |      8791 | NS      | $239694.23    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Woodside Energy Group Ltd                      | Woodside Energy Group Ltd                              | CUSIP: N/A<br>LEI: 2549005ZC5RXAOO7FH41       | Long             | EC               | CORP              | AU        |      4479 | NS      | $70459.00     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem Inc/NY                                   | Xylem Inc/NY                                           | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |       691 | NS      | $94100.38     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Yara International ASA                         | Yara International ASA                                 | CUSIP: N/A<br>LEI: 213800WKOUWXWFJ5Z514       | Long             | EC               | CORP              | NO        |      2312 | NS      | $94892.66     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Gold MiniShares Trust                     | SPDR Gold MiniShares Trust                             | CUSIP: 98149E303<br>LEI: 5493002IEEMEY6LRJ932 | Long             | EC               | RF                | US        |    108652 | NS      | $9275621.24   | 14.58%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Extended Market ETF                   | Vanguard Extended Market ETF                           | CUSIP: 922908652<br>LEI: N/A                  | Long             | EC               | RF                | US        |      9873 | NS      | $2064641.76   | 3.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard FTSE Developed Market                 | Vanguard FTSE Developed Markets ETF                    | CUSIP: 921943858<br>LEI: N/A                  | Long             | EC               | RF                | US        |     26099 | NS      | $1630404.53   | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard FTSE Emerging Markets                 | Vanguard FTSE Emerging Markets ETF                     | CUSIP: 922042858<br>LEI: N/A                  | Long             | EC               | RF                | US        |     59114 | NS      | $3177968.64   | 4.99%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli                 | First American Government Obligations Fund             | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   2021934 | NS      | $2021933.97   | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-26

**Name of Applicant:** Tidal Trust I

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer