# EDGAR Filing Document

**Accession Number:** 0001742912
**File Stem:** 0001387131-23-002423
**Filing Date:** 2023-2
**Character Count:** 37276
**Document Hash:** aac05a1e56136fe02515909a9c8914be
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001387131-23-002423.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001387131-23-002423

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20230331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tidal ETF Trust
- **CENTRAL INDEX KEY:** 0001742912
- **IRS NUMBER:** 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:** 23672870

**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

## Series and Classes Contracts Data

### SonicShares Global Shipping ETF (Series ID: S000072647)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000229056 | SonicShares Global Shipping ETF | BOAT            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **SonicShares™ Global Shipping ETF** | **SonicShares™ Global Shipping ETF** | **SonicShares™ Global Shipping ETF** |
| **SCHEDULE OF INVESTMENTS at December 31, 2022 (Unaudited)** | **SCHEDULE OF INVESTMENTS at December 31, 2022 (Unaudited)** | **SCHEDULE OF INVESTMENTS at December 31, 2022 (Unaudited)** |
|  | **Shares** | **Value** |
| **Common Stocks - 98.9%** |  | |
| **Commercial Services - 0.4%** |  | |
| Inui Global Logistics Co. Ltd. | 4823 | $72741 |
| **Energy - Alternate Sources - 0.3%** |  |  |
| Eneti, Inc. | 6886 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69204 |
| **Transportation - 98.2% <sup>(1)</sup>** |  |  |
| AP Moller - Maersk A/S - Class B | 467 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1046885 |
| Ardmore Shipping Corp. <sup>(2)</sup> | 6307 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90884 |
| Atlas Corp. <sup>(3)</sup> | 65604 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1006365 |
| BW LPG Ltd. | 25499 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 196206 |
| Cool Co. Ltd. <sup>(2)</sup> | 9871 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 113931 |
| COSCO SHIPPING Energy Transportation Co. Ltd. - H Share | 217042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 166293 |
| COSCO SHIPPING Holdings Co. Ltd. - H Share | 772066 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 787404 |
| Costamare, Inc. | 21609 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200531 |
| D/S Norden A/S | 6572 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 394253 |
| d'Amico International Shipping SA <sup>(2)</sup> | 223046 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 88791 |
| Danaos Corp. <sup>(3)</sup> | 3682 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 193894 |
| Dfds A/S | 14894 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 548063 |
| DHT Holdings, Inc. | 28910 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 256721 |
| Diana Shipping, Inc. <sup>(3)</sup> | 15192 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59249 |
| Dorian LPG Ltd. | 7408 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 140382 |
| Eagle Bulk Shipping, Inc. | 2432 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 121454 |
| Euronav NV | 41419 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 693566 |
| FLEX LNG Ltd. | 9449 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 307709 |
| Frontline Ltd. <sup>(3)</sup> | 58924 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 715337 |
| GasLog Partners L.P. | 9019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60067 |
| Genco Shipping & Trading Ltd. | 7795 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 119731 |
| Global Ship Lease, Inc. <sup>(3)</sup> | 6743 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 112271 |
| Golden Ocean Group Ltd. | 35072 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 305968 |
| Grindrod Shipping Holdings Ltd. | 3531 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66065 |
| Hapag-Lloyd AG <sup>(3)</sup> | 4501 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 853134 |
| Heung-A Shipping Co. Ltd. <sup>(2)</sup> | 45918 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49204 |
| HMM Co. Ltd. | 60006 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 927732 |
| Hoegh Autoliners ASA | 33892 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 223286 |
| International Seaways, Inc. | 8723 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 322925 |
| Kawasaki Kisen Kaisha Ltd. | 53180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1123291 |
| KNOT Offshore Partners L.P. | 6294 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60611 |
| Korea Line Corp. <sup>(2)</sup> | 57015 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 98068 |
| Matson, Inc. | 6715 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 419755 |
| Mitsui OSK Lines Ltd. | 40991 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1022095 |
| MPC Container Ships ASA | 81629 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 134653 |
| Navigator Holdings Ltd. <sup>(2)</sup> | 13733 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 164247 |
| Navios Maritime Partners L.P. | 5326 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 138263 |
| Nordic American Tankers Ltd. | 38401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 117507 |
| NS United Kaiun Kaisha Ltd. | 4384 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 128751 |
| Okeanis Eco Tankers Corp. | 5947 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 102749 |
| Orient Overseas International Ltd. | 54610 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 986555 |
| Pacific Basin Shipping Ltd. | 937656 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 317159 |
| Pan Ocean Co. Ltd. | 96860 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 438915 |
| Safe Bulkers, Inc. | 21455 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62434 |
| Samudera Shipping Line Ltd. | 99147 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62096 |
| Scorpio Tankers, Inc. | 15848 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 852147 |
| SFL Corp. Ltd. | 24626 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 227052 |
| SITC International Holdings Co. Ltd. | 475273 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1057116 |
| Star Bulk Carriers Corp. <sup>(3)</sup> | 18252 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 350986 |
| Stolt-Nielsen Ltd. | 11638 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 318388 |
| Teekay Corp. <sup>(2)</sup> | 18587 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84385 |
| Teekay Tankers Ltd. - Class A <sup>(2)</sup> | 5190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 159904 |
| Wallenius Wilhelmsen ASA | 80862 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 796636 |
| ZIM Integrated Shipping Services Ltd. <sup>(3)</sup> | 21337 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 366783 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19758847 |
| **Total Common Stocks - 98.9%** |  |  |
| &nbsp;&nbsp;&nbsp; (Cost $23,192,997) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19900792 |
| **Short-Term Investments - 0.6%** |  |  |
| **Money Market Funds - 0.6%** |  |  |
| First American Government Obligations Fund, Class X, 4.100% <sup>(4)</sup> | 115804 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 115804 |
| **Total Short-Term Investments** |  |  |
| &nbsp;&nbsp;&nbsp; (Cost $115,804) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 115804 |
| **Investments Purchased with Collateral from Securities Lending - 14.2%** |  |  |
| Mount Vernon Liquid Assets Portfolio, LLC, 4.560% <sup>(4)</sup> | 2849911 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2849911 |
| **Total Investments Purchased With Collateral From Securities Lending** |  |  |
| &nbsp;&nbsp;&nbsp; (Cost $2,849,911) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2849911 |
| **Total Investments in Securities - 113.7%** |  |  |
| &nbsp;&nbsp;&nbsp; (Cost $26,158,712) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22866507 |
| Liabilities in Excess of Other Assets - (13.7)% |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2748899) |
| **Total Net Assets - 100.0%** |  | $20117608 |

---

<sup>(1)</sup> The Fund tracks the Solactive Global Shipping Index (the "Index"). To the extent the Index concentrates in securities of a particular industry or group of related industries, the Fund will concentrate its investments to approximately the same extent as the Index. Please reference the prospectus for additional information.

<sup>(2)</sup> Non-income producing security.

<sup>(3)</sup> This security or a portion of this security was out on loan as of December 31, 2022. Total loaned securities had a value of $2,710,156 or 13.5% of net assets. The remaining contractual maturity of all of the securities lending transactions is overnight and continuous.

<sup>(4)</sup> The rate shown is the annualized seven-day effective yield as of December 31, 2022.

------

&nbsp;&nbsp;&nbsp;&nbsp;<br>

---

| |
|:---|
| **Summary of Fair Value Exposure at December 31, 2022 (Unaudited)** |
| The SonicShares™ Global Shipping ETF (the "Fund") utilizes various methods to measure the fair value of its investments on a recurring basis. U.S. GAAP establishes a hierarchy that prioritizes inputs to valuation methods. The three levels of inputs are: |
| • Level 1 — Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.<br> • 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 spreads, credit risk, yield curves, default rates and similar data.<br> • 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 would be based on the best information available. |
| The following is a summary of the inputs used to value the Fund's investments as of December 31, 2022: |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investments in Securities** | **Investments** <br> **Measured at Net** <br> **Asset Value** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Common Stocks <sup>(1)</sup> | $– | $19900792 | $– | $– | $19900792 |
| Short-Term Investments | – | 115804 | – | – | 115804 |
| Investments Purchased With Collateral From Securities Lending <sup>(2)</sup> | 2849911 | – | – | – | 2849911 |
| Total Investments in Securities | $2849911 | $20016596 | $– | $– | $22866507 |
| <sup>(1)</sup> See Schedule of Investments for the industry breakout. | <sup>(1)</sup> See Schedule of Investments for the industry breakout. | <sup>(1)</sup> See Schedule of Investments for the industry breakout. | <sup>(1)</sup> See Schedule of Investments for the industry breakout. | <sup>(1)</sup> See Schedule of Investments for the industry breakout. | <sup>(1)</sup> See Schedule of Investments for the industry breakout. |
| <sup>(2)</sup> Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Schedule of Investments. | <sup>(2)</sup> Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Schedule of Investments. | <sup>(2)</sup> Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Schedule of Investments. | <sup>(2)</sup> Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Schedule of Investments. | <sup>(2)</sup> Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Schedule of Investments. | <sup>(2)</sup> Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Schedule of Investments. |

---

## 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 ETF Trust

- **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:** SonicSharesTM Global Shipping ETF

- **b. EDGAR series identifier (if any):** S000072647

- **c. LEI of Series:** 549300RL3DFXPYRAMF71

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

- **a. Date of fiscal year-end:** 2023-03-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $23100227.27

**Total Liabilities:** $2982660.76

**Net Assets:** $20117566.51

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000229056 | 6.21%                | 13.08%               | -1.73%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1639.25                | $1117585.12                                |
| Month 2  | $4117.73                 | $2145100.49                                |
| Month 3  | $-965439.17              | $568806.54                                 |

### 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        |    115804 | NS      | $115803.93    | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| AP Moller - Maersk A/S                    | AP Moller - Maersk A/S                      | CUSIP: K0514G101<br>LEI: 549300D2K6PKKKXVNN73 | Long             | EC               | CORP              | DK        |       467 | NS      | $1046885.34   | 5.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Matson Inc                                | Matson Inc                                  | CUSIP: 57686G105<br>LEI: 549300OI5H3Y0I9I4I12 | Long             | EC               | CORP              | US        |      6715 | NS      | $419754.65    | 2.09%             |  |  |  | No            | 1                  | On Loan: No      |
| SAMUDERA SHIP LINE NPV                    | SAMUDERA SHIP LINE NPV                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SG        |     99147 | NS      | $62096.24     | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| HMM Co Ltd                                | HMM Co Ltd                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     60006 | NS      | $927732.15    | 4.61%             |  |  |  | No            | 1                  | On Loan: No      |
| Inui Global Logistics Co Ltd              | Inui Global Logistics Co Ltd                | CUSIP: N/A<br>LEI: 353800YCG0HC4CSTYR51       | Long             | EC               | CORP              | JP        |      4823 | NS      | $72740.69     | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Kawasaki Kisen Kaisha Ltd                 | Kawasaki Kisen Kaisha Ltd                   | CUSIP: N/A<br>LEI: 353800FL04R73DS5P870       | Long             | EC               | CORP              | JP        |     53180 | NS      | $1123291.22   | 5.58%             |  |  |  | No            | 1                  | On Loan: No      |
| KOREA LINE CORP KRW500                    | KOREA LINE CORP KRW500                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     57015 | NS      | $98068.51     | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Mitsui OSK Lines Ltd                      | Mitsui OSK Lines Ltd                        | CUSIP: N/A<br>LEI: 353800P8O843TMAZ6S09       | Long             | EC               | CORP              | JP        |     40991 | NS      | $1022095.49   | 5.08%             |  |  |  | No            | 1                  | On Loan: No      |
| OOIL                                      | Orient Overseas International Ltd           | CUSIP: N/A<br>LEI: 529900DQ426GJO276W95       | Long             | EC               | CORP              | HK        |     54610 | NS      | $986554.69    | 4.90%             |  |  |  | No            | 1                  | On Loan: No      |
| COSCO SHIP ENGY                           | COSCO SHIPPING Energy Transportation Co Ltd | CUSIP: N/A<br>LEI: 529900IGB8FVHRCR1W95       | Long             | EC               | CORP              | CN        |    217042 | NS      | $166293.33    | 0.83%             |  |  |  | No            | 1                  | On Loan: No      |
| NS UNITED KAIUN KA NPV                    | NS UNITED KAIUN KA NPV                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      4384 | NS      | $128750.62    | 0.64%             |  |  |  | No            | 1                  | On Loan: No      |
| Mount Vernon Liquid Assets Portfolio, LLC | Mount Vernon Liquid Assets Portfolio, LLC   | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |   2849911 | NS      | $2849911.00   | 14.17%            |  |  |  | No            | N/A                | On Loan: No      |
| Pacific Basin Shipping Ltd                | Pacific Basin Shipping Ltd                  | CUSIP: N/A<br>LEI: 254900LNPK737X4Y3V26       | Long             | EC               | CORP              | HK        |    937656 | NS      | $317159.22    | 1.58%             |  |  |  | No            | 1                  | On Loan: No      |
| EURONAV NPV                               | EURONAV NPV                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BE        |     41419 | NS      | $693565.68    | 3.45%             |  |  |  | No            | 1                  | On Loan: No      |
| COSCO SHIPPING Holdings Co Ltd            | COSCO SHIPPING Holdings Co Ltd              | CUSIP: N/A<br>LEI: 3003009XI0QGYYA29S17       | Long             | EC               | CORP              | CN        |    772066 | NS      | $787403.55    | 3.91%             |  |  |  | No            | 1                  | On Loan: No      |
| HEUNG A SHIPPING KRW500                   | HEUNG A SHIPPING KRW500                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     45918 | NS      | $49204.34     | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| D/S Norden A/S                            | D/S Norden A/S                              | CUSIP: N/A<br>LEI: 529900RGXD3CBR3BRU63       | Long             | EC               | CORP              | DK        |      6572 | NS      | $394253.03    | 1.96%             |  |  |  | No            | 1                  | On Loan: No      |
| D AMICO INTL SHIP NPV                     | D AMICO INTL SHIP NPV                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | LU        |    223046 | NS      | $88790.87     | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Pan Ocean Co Ltd                          | Pan Ocean Co Ltd                            | CUSIP: N/A<br>LEI: 988400HGOJIHDWPIAT45       | Long             | EC               | CORP              | KR        |     96860 | NS      | $438914.83    | 2.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Stolt-Nielsen Ltd                         | Stolt-Nielsen Ltd                           | CUSIP: N/A<br>LEI: 213800VZX4LWJSGRLR94       | Long             | EC               | CORP              | GB        |     11638 | NS      | $318388.08    | 1.58%             |  |  |  | No            | 1                  | On Loan: No      |
| Wallenius Wilhelmsen ASA                  | Wallenius Wilhelmsen ASA                    | CUSIP: N/A<br>LEI: 549300NBN0URT3RA3Y54       | Long             | EC               | CORP              | NO        |     80862 | NS      | $796635.58    | 3.96%             |  |  |  | No            | 1                  | On Loan: No      |
| SITC International Holdings Co            | SITC International Holdings Co Ltd          | CUSIP: N/A<br>LEI: 529900JUV4MOM9CE3V12       | Long             | EC               | CORP              | HK        |    475273 | NS      | $1057116.22   | 5.25%             |  |  |  | No            | 1                  | On Loan: No      |
| OKEANIS ECO TANKER USD0.001               | OKEANIS ECO TANKER USD0.001                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MH        |      5947 | NS      | $102748.90    | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| GOLDEN OCEAN GROUP COM USD0.01            | GOLDEN OCEAN GROUP COM USD0.01              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BM        |     35072 | NS      | $305967.69    | 1.52%             |  |  |  | No            | 1                  | On Loan: No      |
| MPC Container Ships ASA                   | MPC Container Ships ASA                     | CUSIP: N/A<br>LEI: 213800MXS7CXYJ2Q1805       | Long             | EC               | CORP              | NO        |     81629 | NS      | $134653.46    | 0.67%             |  |  |  | No            | 1                  | On Loan: No      |
| BW LPG Ltd                                | BW LPG Ltd                                  | CUSIP: N/A<br>LEI: 5493006WBEME88YFDW23       | Long             | EC               | CORP              | SG        |     25499 | NS      | $196205.89    | 0.98%             |  |  |  | No            | 1                  | On Loan: No      |
| FLEX LNG LTD (BM) USD0.10                 | FLEX LNG LTD (BM) USD0.10                   | CUSIP: G35947202<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |      9449 | NS      | $307708.78    | 1.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Hoegh Autoliners ASA                      | Hoegh Autoliners ASA                        | CUSIP: N/A<br>LEI: 549300D7GNMPKTA4HD46       | Long             | EC               | CORP              | NO        |     33892 | NS      | $223286.04    | 1.11%             |  |  |  | No            | 1                  | On Loan: No      |
| COOL COMPANY LTD USD1                     | COOL COMPANY LTD USD1                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BM        |      9871 | NS      | $113930.84    | 0.57%             |  |  |  | No            | 1                  | On Loan: No      |
| Dfds A/S                                  | Dfds A/S                                    | CUSIP: N/A<br>LEI: 549300JZVW1Y1UZ5UK38       | Long             | EC               | CORP              | DK        |     14894 | NS      | $548063.12    | 2.72%             |  |  |  | No            | 1                  | On Loan: No      |
| Hapag-Lloyd AG                            | Hapag-Lloyd AG                              | CUSIP: N/A<br>LEI: HD52L5PJVBXJUUX8I539       | Long             | EC               | CORP              | DE        |      4501 | NS      | $853133.54    | 4.24%             |  |  |  | No            | 1                  | On Loan: —       |
| Frontline PLC                             | Frontline PLC                               | CUSIP: N/A<br>LEI: 5493004BCIKYU1YL3H63       | Long             | EC               | CORP              | NO        |     58924 | NS      | $715337.36    | 3.56%             |  |  |  | No            | 1                  | On Loan: —       |
| Nordic American Tankers Ltd               | Nordic American Tankers Ltd                 | CUSIP: N/A<br>LEI: 213800W4T8AMPKIPIU94       | Long             | EC               | CORP              | NO        |     38401 | NS      | $117507.06    | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| SFL Corp Ltd                              | SFL Corp Ltd                                | CUSIP: N/A<br>LEI: 549300RLYYPSB0C7RH77       | Long             | EC               | CORP              | NO        |     24626 | NS      | $227051.72    | 1.13%             |  |  |  | No            | 1                  | On Loan: No      |
| ZIM Integrated Shipping Servic            | ZIM Integrated Shipping Services Ltd        | CUSIP: N/A<br>LEI: 21380089EIJRELKAIL21       | Long             | EC               | CORP              | IL        |     21337 | NS      | $366783.03    | 1.82%             |  |  |  | No            | 1                  | On Loan: —       |
| Ardmore Shipping Corp                     | Ardmore Shipping Corp                       | CUSIP: N/A<br>LEI: 549300J8HD7K6BHD8O28       | Long             | EC               | CORP              | IE        |      6307 | NS      | $90883.87     | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Atlas Corp                                | Atlas Corp                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |     65604 | NS      | $1006365.36   | 5.00%             |  |  |  | No            | 1                  | On Loan: —       |
| Costamare Inc                             | Costamare Inc                               | CUSIP: N/A<br>LEI: 5299003L6NPTZ25LN818       | Long             | EC               | CORP              | MC        |     21609 | NS      | $200531.52    | 1.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Danaos Corp                               | Danaos Corp                                 | CUSIP: N/A<br>LEI: 734IM3DNDNT36T7YTD24       | Long             | EC               | CORP              | GR        |      3682 | NS      | $193894.12    | 0.96%             |  |  |  | No            | 1                  | On Loan: —       |
| DHT Holdings Inc                          | DHT Holdings Inc                            | CUSIP: N/A<br>LEI: 549300SMD6IVZYT74K40       | Long             | EC               | CORP              | BM        |     28910 | NS      | $256720.80    | 1.28%             |  |  |  | No            | 1                  | On Loan: No      |
| DIANA SHIPPING INC COM                    | DIANA SHIPPING INC COM                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MH        |     15192 | NS      | $59248.80     | 0.29%             |  |  |  | No            | 1                  | On Loan: —       |
| Dorian LPG Ltd                            | Dorian LPG Ltd                              | CUSIP: N/A<br>LEI: 549300WP1W2WGMC7F395       | Long             | EC               | CORP              | US        |      7408 | NS      | $140381.60    | 0.70%             |  |  |  | No            | 1                  | On Loan: No      |
| Eagle Bulk Shipping Inc                   | Eagle Bulk Shipping Inc                     | CUSIP: N/A<br>LEI: 549300EC4INNZBWR8W37       | Long             | EC               | CORP              | US        |      2432 | NS      | $121454.08    | 0.60%             |  |  |  | No            | 1                  | On Loan: No      |
| Eneti Inc                                 | Eneti Inc                                   | CUSIP: N/A<br>LEI: 549300MHZ4YKRPGBH616       | Long             | EC               | CORP              | US        |      6886 | NS      | $69204.30     | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Genco Shipping & Trading Ltd              | Genco Shipping & Trading Ltd                | CUSIP: N/A<br>LEI: 5493003MBZ5GU8QHXZ58       | Long             | EC               | CORP              | US        |      7795 | NS      | $119731.20    | 0.60%             |  |  |  | No            | 1                  | On Loan: No      |
| GASLOG PARTNERS LP UNIT LTD PTNRP         | GASLOG PARTNERS LP UNIT LTD PTNRP           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MH        |      9019 | NS      | $60066.54     | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Global Ship Lease Inc                     | Global Ship Lease Inc                       | CUSIP: N/A<br>LEI: 254900GLZ0J5N8UZM071       | Long             | EC               | CORP              | GB        |      6743 | NS      | $112270.95    | 0.56%             |  |  |  | No            | 1                  | On Loan: —       |
| Grindrod Shipping Holdings Ltd            | Grindrod Shipping Holdings Ltd              | CUSIP: N/A<br>LEI: 5493001NNO676ANGTK65       | Long             | EC               | CORP              | SG        |      3531 | NS      | $66065.01     | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| International Seaways Inc                 | International Seaways Inc                   | CUSIP: N/A<br>LEI: 549300YUFDGFRNGBWF46       | Long             | EC               | CORP              | US        |      8723 | NS      | $322925.46    | 1.61%             |  |  |  | No            | 1                  | On Loan: No      |
| KNOT OFFSHORE PARTNERS LP COM UNITS       | KNOT OFFSHORE PARTNERS LP COM UNITS         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MH        |      6294 | NS      | $60611.22     | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Navigator Holdings Ltd                    | Navigator Holdings Ltd                      | CUSIP: N/A<br>LEI: 213800H7RVOFYARK2W19       | Long             | EC               | CORP              | US        |     13733 | NS      | $164246.68    | 0.82%             |  |  |  | No            | 1                  | On Loan: No      |
| NAVIOS MARITIME PARTNERS L P COM UNIT LPI | NAVIOS MARITIME PARTNERS L P COM UNIT LPI   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MH        |      5326 | NS      | $138262.96    | 0.69%             |  |  |  | No            | 1                  | On Loan: No      |
| Safe Bulkers Inc                          | Safe Bulkers Inc                            | CUSIP: N/A<br>LEI: 549300V6ZM2HJJYQQO85       | Long             | EC               | CORP              | MC        |     21455 | NS      | $62434.05     | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Scorpio Tankers Inc                       | Scorpio Tankers Inc                         | CUSIP: N/A<br>LEI: 549300NVJUH16NXG8K87       | Long             | EC               | CORP              | MC        |     15848 | NS      | $852146.96    | 4.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Star Bulk Carriers Corp                   | Star Bulk Carriers Corp                     | CUSIP: N/A<br>LEI: 549300SO3FMK7H6DDY54       | Long             | EC               | CORP              | GR        |     18252 | NS      | $350985.96    | 1.74%             |  |  |  | No            | 1                  | On Loan: —       |
| Teekay Corp                               | Teekay Corp                                 | CUSIP: N/A<br>LEI: YHKQM2RIPKZYOZ6RVZ46       | Long             | EC               | CORP              | BM        |     18587 | NS      | $84384.98     | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Teekay Tankers Ltd                        | Teekay Tankers Ltd                          | CUSIP: N/A<br>LEI: 549300DE8ZAIYS2T6Q22       | Long             | EC               | CORP              | CA        |      5190 | NS      | $159903.90    | 0.79%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2023-02-27

**Name of Applicant:** Tidal ETF Trust

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial