0001145549-22-061980.txt : 20221014 0001145549-22-061980.hdr.sgml : 20221014 20221014123153 ACCESSION NUMBER: 0001145549-22-061980 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220731 FILED AS OF DATE: 20221014 DATE AS OF CHANGE: 20221014 EFFECTIVENESS DATE: 20221014 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: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-23377 FILM NUMBER: 221310739 BUSINESS ADDRESS: STREET 1: 898 N BROADWAY, SUITE 2 CITY: MASSAPEQUA STATE: NY ZIP: 11758 BUSINESS PHONE: 844-986-7676 MAIL ADDRESS: STREET 1: 898 N BROADWAY, SUITE 2 CITY: MASSAPEQUA STATE: NY ZIP: 11758 0001742912 S000073705 FolioBeyond Rising Rates ETF C000230781 FolioBeyond Rising Rates ETF RISR N-CEN 1 primary_doc.xml X0404 N-CEN LIVE 0001742912 XXXXXXXX false false false N-1A S000073705 true Tidal ETF Trust 811-23377 0001742912 549300VTYHP8U2332C46 c/o Tidal ETF Services, LLC 898 N. Broadway, Suite 2 Massaqequa 11758 US-NY US 8449867676 U.S. Bancorp Fund Services LLC 615 East Michigan St. Milwaukee 53202 18336121912 Maintain physical/electronic accounts/books or any document required by section 31(a) of the Act (15 U.S.C. 80a-30(a)) and the rules under that section. N N N N-1A 31 Y Dusko Culafic N/A N Eduardo Mendoza N/A N Mark H.W. Baltimore N/A N Eric W. Falkeis N/A Y William H. Woolverton N/A c/o Cipperman Compliance Services, LLC 480 E. Swedesford Road, Suite 220 Wayne 19087 XXXXXX N N N N N N Foreside Fund Services, LLC 8-51293 000046106 N/A N N Tait Weller and Baker LLP 00445 N/A Cohen & Company, Ltd. 00925 N/A N N N N N N FolioBeyond Rising Rates ETF S000073705 549300JTP3K4NOX5GH17 Y 1 0 0 Exchange-Traded Fund Y N N N N/A N/A N/A Rule 12d1-1 (17 CFR 270.12d1-1) N N N N Toroso Investments, LLC 801-76857 000164201 N/A N FolioBeyond, LLC 801-113952 000298234 N/A N N U.S. Bancorp Fund Services LLC 85-11357 N1GZ7BBF3NP8GI976H15 N N N Intercontinental Exchange Inc. 5493000F4ZO33MV32P92 N PricingDirect Inc. 549300WIC0TOJ7N7GD54 N Bloomberg L.P. 549300B56MD0ZC402L06 N Refinitiv US LLC 213800HQORQAP68CJJ04 N IHS Markit Ltd. 549300HLPTRASHS0E726 BM N Standard and Poors Financial Services LLC 549300U4VWNITEKO2881 N N U.S. Bank N.A. 6BYL5QZYBDK8S7L73M02 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N N Tidal ETF Servcies, LLC N/A Y N U.S. Bancorp Fund Services LLC N1GZ7BBF3NP8GI976H15 N Y N BTIG LLC 8-65473 000122225 549300GTG9PL6WO3EC51 892.500000000000 892.500000000000 MBS CAPITAL MARKETS LLC 8-68690 000155065 N/A 120482815.560000000000 MISCHLER FINANCIAL GROUP INC. 8-48067 000037818 2549004IPXPSM9EJFC92 8914411.950000000000 GOLDMAN SACHS & CO. LLC 8-129 000000361 FOR8UP27PHTHYVLBNG30 8590411.500000000000 STONEX FINANCIAL INC. 8-51269 000045993 549300LNKU6K5TJCRG93 3400277.340000000000 ROBERT W. BAIRD & CO. INCORPORATED 8-497 000008158 549300772UJAHRD6LO53 3048726.040000000000 RBC CAPITAL MARKETS LLC 8-45411 000031194 549300LCO2FLSSVFFR64 1973705.870000000000 JANE STREET EXECUTION SERVICES LLC 8-69254 000167280 549300HXJLXCPDWAH070 960655.000000000000 INTERNATIONAL TRADING GROUP I, INC. 8-43934 000028650 N/A 832343.750000000000 GREAT PACIFIC SECURITIES 8-44398 000029251 254900QRZ90SUI8C4W84 175624.220000000000 148378971.230000000000 N 45456872.792000000000 Uncommitted 50000000.000000000000 N N N N FolioBeyond Rising Rates ETF S000073705 N 25000.000000000000 100.000000000000 0.000000000000 0.000000000000 0.000000000000 100.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 265.630000000000 0.100000000000 0.000000000000 265.630000000000 0.100000000000 0.000000000000 300.000000000000 0.100000000000 0.000000000000 300.000000000000 0.100000000000 N true INTERNAL CONTROL RPT 2 risr_internal-control.htm FOLIOBEYOND - INTERNAL CONTROL LETTER - 08/31/22

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Shareholders of FolioBeyond Rising Rates ETF and
Board of Trustees of Tidal ETF Trust

In planning and performing our audit of the financial statements of FolioBeyond Rising Rates ETF (the “Fund”), a series of Tidal ETF Trust, as of and for the period ended July 31, 2022, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Fund’s internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Fund’s internal control over financial reporting.  Accordingly, we express no such opinion.

The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting.  In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls.  A fund’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles (GAAP).  A fund’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and trustees of the fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a fund’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements.  Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis.  A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Fund’s annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Fund’s internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the PCAOB.  However, we noted no deficiencies in the Fund’s internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of July 31, 2022.

This report is intended solely for the information and use of management and the Board of Trustees of the Fund and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/ COHEN & COMPANY, LTD.

COHEN & COMPANY, LTD.
Milwaukee, Wisconsin
September 27, 2022