0001387131-23-005251.txt : 20230426 0001387131-23-005251.hdr.sgml : 20230426 20230426122604 ACCESSION NUMBER: 0001387131-23-005251 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230228 FILED AS OF DATE: 20230426 DATE AS OF CHANGE: 20230426 PERIOD START: 20231130 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: 23848282 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 0001742912 S000070461 SP Funds S&P Global REIT Sharia ETF C000223966 SP Funds S&P Global REIT Sharia ETF SPRE NPORT-P 1 primary_doc.xml NPORT-P false 0001742912 XXXXXXXX S000070461 C000223966 Tidal ETF Trust 811-23377 0001742912 549300VTYHP8U2332C46 234 West Florida Street Suite 203 Milwaukee 53204 8449867700 SP Funds S&P Global REIT Sharia ETF S000070461 549300LFRV9YWDB14776 2023-11-30 2023-02-28 N 50336313.6 23705.9 50312607.7 0 0 0 0 0 0 0 0 0 0 0 0 0 151714.9 N AvalonBay Communities Inc K9G90K85RBWD2LAGQX17 AvalonBay Communities Inc 053484101 14235 NS USD 2455822.2 4.88 Long EC CORP US N 1 N N N Camden Property Trust 5493002MYX22OHYJBD89 Camden Property Trust 133131102 18388 NS USD 2110206.88 4.19 Long EC CORP US N 1 N N N Community Healthcare Trust Inc 549300FATSRCMKOV9536 Community Healthcare Trust Inc 20369C106 4287 NS USD 166078.38 0.33 Long EC CORP US N 1 N N N Crown Castle Inc 54930012H97VSM0I2R19 Crown Castle Inc 22822V101 44427 NS USD 5808830.25 11.55 Long EC CORP US N 1 N N N EastGroup Properties Inc 31TIGQQZC4P6JMHKSW85 EastGroup Properties Inc 277276101 7942 NS USD 1296690.34 2.58 Long EC CORP US N 1 N N N Equinix Inc 549300EVUN2BTLJ3GT74 Equinix Inc 29444U700 8716 NS USD 5998961.32 11.92 Long EC CORP US N 1 N N N Equity LifeStyle Properties In 529900PEQG66LENB6798 Equity LifeStyle Properties Inc 29472R108 30195 NS USD 2068659.45 4.11 Long EC CORP US N 1 N N N Equity Residential 5493008RACSH5EP3PI59 Equity Residential 29476L107 38771 NS USD 2423962.92 4.82 Long EC CORP US N 1 N N N First Industrial Realty Trust N/A First Industrial Realty Trust Inc 32054K103 24100 NS USD 1271275 2.53 Long EC CORP US N 1 N N N Indus Realty Trust Inc 549300FS2G2L16L2GO91 Indus Realty Trust Inc 45580R103 883 NS USD 58745.99 0.12 Long EC CORP US N 1 N N N Innovative Industrial Properti 5493008BQ0545EZXRR30 Innovative Industrial Properties Inc 45781V101 5097 NS USD 450625.77 0.9 Long EC CORP US N 1 N N N Mid-America Apartment Communit 549300FQZKFR5YNSHZ21 Mid-America Apartment Communities Inc 59522J103 14900 NS USD 2385490 4.74 Long EC CORP US N 1 N N N BWP Trust N/A BWP Trust N/A 88395 NS 231283.49 0.46 Long EC CORP AU N 1 N N N PotlatchDeltic Corp 54930084YA8UJOTXDM59 PotlatchDeltic Corp 737630103 14727 NS USD 679798.32 1.35 Long EC CORP US N 1 N N N Prologis Inc 529900DFH19P073LZ636 Prologis Inc 74340W103 49091 NS USD 6057829.4 12.04 Long EC CORP US N 1 N N N Public Storage 549300LMZF40TKJ6DM64 Public Storage 74460D109 21097 NS USD 6306948.15 12.54 Long EC CORP US N 1 N N N Rayonier Inc HGV8VDVNL0W6SF2U9C50 Rayonier Inc 754907103 26710 NS USD 896921.8 1.78 Long EC CORP US N 1 N N N Rexford Industrial Realty Inc 549300MSLO0DF0EMX355 Rexford Industrial Realty Inc 76169C100 32918 NS USD 1990222.28 3.96 Long EC CORP US N 1 N N N Terreno Realty Corp N/A Terreno Realty Corp 88146M101 12944 NS USD 805246.24 1.6 Long EC CORP US N 1 N N N Elme Communities 549300DI34BGS8LVKW95 Elme Communities 939653101 15967 NS USD 297145.87 0.59 Long EC CORP US N 1 N N N Weyerhaeuser Co 08IRJODWFYBI7QWRGS31 Weyerhaeuser Co 962166104 76435 NS USD 2388593.75 4.75 Long EC CORP US N 1 N N N AXIS REIT NPV (REIT) N/A AXIS REIT NPV (REIT) N/A 216111 NS 92464.21 0.18 Long EC CORP MY N 1 N N N Charter Hall Group N/A Charter Hall Group N/A 86782 NS 778920.11 1.55 Long EC CORP AU N 1 N N N PARKWAY LIFE REAL NPV (REIT) N/A PARKWAY LIFE REAL NPV (REIT) N/A 70687 NS 225795.12 0.45 Long EC CORP SG N 1 N N N Segro PLC 213800XC35KGM9NFC641 Segro PLC N/A 208528 NS 2078716.16 4.13 Long EC CORP GB N 1 N N N Ingenia Communities Group N/A Ingenia Communities Group N/A 67300 NS 179719.61 0.36 Long EC CORP AU N 1 N N N IGB REAL ESTATE IN UNITS N/A IGB REAL ESTATE IN UNITS N/A 259222 NS 101667.01 0.2 Long EC CORP MY N 1 N N N Arena REIT N/A Arena REIT N/A 63976 NS 166528.89 0.33 Long EC CORP AU N 1 N N N IGIS VALUE PLUS RE KRW1000 N/A IGIS VALUE PLUS RE KRW1000 N/A 5660 NS 20766.52 0.04 Long EC CORP KR N 1 N N N HMC CAPITAL LTD NPV (STAPLED) N/A HMC CAPITAL LTD NPV (STAPLED) N/A 35869 NS 105460.78 0.21 Long EC CORP AU N 1 N N N RL COMMERCIAL REIT PHP1 N/A RL COMMERCIAL REIT PHP1 N/A 649578 NS 66894.21 0.13 Long EC CORP PH N 1 N N N MREIT INC PHP1 N/A MREIT INC PHP1 N/A 105743 NS 28542.01 0.06 Long EC CORP PH N 1 N N N CITICORE ENERGY RE PHP0.25 N/A CITICORE ENERGY RE PHP0.25 N/A 225034 NS 9757.57 0.02 Long EC CORP PH N 1 N N N KIZILBUK GAYRIMENK TRY1 N/A KIZILBUK GAYRIMENK TRY1 N/A 5809 NS 6953.94 0.01 Long EC CORP TR N 1 N N N FILINVEST REIT COR PHP0.50 N/A FILINVEST REIT COR PHP0.50 N/A 151486 NS 14040.17 0.03 Long EC CORP PH N 1 N N N ZIRAAT GAYR MENKUL TRY1 N/A ZIRAAT GAYR MENKUL TRY1 N/A 95178 NS 25358.62 0.05 Long EC CORP TR N 1 N N N HEALTHCO HEALTHCAR NPV N/A HEALTHCO HEALTHCAR NPV N/A 34341 NS 37863.08 0.08 Long EC CORP AU N 1 N N N IMPACT GROWTH REIT THB10.6 (LOCAL) N/A IMPACT GROWTH REIT THB10.6 (LOCAL) N/A 79595 NS 30854.92 0.06 Long EC CORP TH N 1 N N N FRASERS PROP THAIL THB9.5363(LOCAL) N/A FRASERS PROP THAIL THB9.5363(LOCAL) N/A 183550 NS 57649.49 0.11 Long EC CORP TH N 1 N N N 2023-04-25 Tidal ETF Trust /s/ Aaron Perkovich Aaron Perkovich Treasurer/Principal Financial Officer XXXX NPORT-EX 2 spre.htm SCHEDULE OF INVESTMENTS

SP FUNDS S&P GLOBAL REIT SHARIA ETF
 
Schedule of Investments at February 28, 2023 (Unaudited)
 
 
          
 
  
  
Shares
    
Value
Common Stocks - 99.7%
          
Homes - 4.1%
          
Equity LifeStyle Properties, Inc.
    
30,195
    
$
2,068,659
                 
Private Equity - 0.1%
              
Ziraat Gayrimenkul Yatirim Ortakligi AS
    
95,178
      
25,359
                 
Real Estate Management Service - 0.2%
              
HMC Capital Ltd.
    
35,869
      
105,461
                 
REITS - Apartments - 18.6%
              
AvalonBay Communities, Inc.
    
14,235
      
2,455,822
Camden Property Trust
    
18,388
      
2,110,207
Equity Residential
    
38,771
      
2,423,963
Mid-America Apartment Communities, Inc.
    
14,900
      
2,385,490
               
9,375,482
REITS - Diversified - 34.1%
              
Arena REIT
    
63,976
      
166,529
Axis Real Estate Investment Trust
    
216,111
      
92,464
Charter Hall Group
    
86,782
      
778,920
Citicore Energy REIT Corp.
    
225,034
      
9,758
Crown Castle, Inc.
    
44,427
      
5,808,830
Equinix, Inc.
    
8,716
      
5,998,961
IGIS Value Plus REIT Co. Ltd.
    
5,660
      
20,766
IMPACT Growth Real Estate Investment Trust
    
79,595
      
30,855
Ingenia Communities Group
    
67,300
      
179,720
Kizilbuk Gayrimenkul Yatirim Ortakligi AS (1)
    
5,809
      
6,954
MREIT, Inc.
    
105,743
      
28,542
PotlatchDeltic Corp.
    
14,727
      
679,798
Rayonier, Inc.
    
26,710
      
896,922
RL Commercial REIT, Inc.
    
649,578
      
66,894
Weyerhaeuser Co.
    
76,435
      
2,388,594
               
17,154,507
REITS - Health Care - 0.9%
              
Community Healthcare Trust, Inc.
    
4,287
      
166,079
HealthCo REIT
    
34,341
      
37,863
Parkway Life Real Estate Investment Trust
    
70,687
      
225,795
               
429,737
REITS - Office Property - 0.6%
              
Elme Communities
    
15,967
      
297,146
Filinvest REIT Corp.
    
151,486
      
14,040
               
311,186
REITS - Regional Malls - 0.2%
              
IGB Real Estate Investment Trust
    
259,222
      
101,667
                 
REITS - Storage - 12.5%
              
Public Storage
    
21,097
      
6,306,948
                 
REITS - Warehouse & Industry - 28.4%
              
BWP Trust
    
88,395
      
231,284
EastGroup Properties, Inc.
    
7,942
      
1,296,690
First Industrial Realty Trust, Inc.
    
24,100
      
1,271,275
Frasers Property Thailand Industrial Freehold & Leasehold REIT
    
183,550
      
57,650
Indus Realty Trust, Inc.
    
883
      
58,746
Innovative Industrial Properties, Inc.
    
5,097
      
450,626
Prologis, Inc.
    
49,091
      
6,057,829
Rexford Industrial Realty, Inc.
    
32,918
      
1,990,222
Segro PLC
    
208,528
      
2,078,716
Terreno Realty Corp.
    
12,944
      
805,246
               
14,298,284
Total Common Stocks
              
(Cost $54,847,201)
            
50,177,290
               
Total Investments in Securities - 99.7%
              
(Cost $54,847,201)
            
50,177,290
Other Assets in Excess of Liabilities - 0.3%
            
136,087
Total Net Assets - 100.0%
          
$
50,313,377


REIT
Real Estate Investment Trust
      
 
(1)
Non-income producing security.
      

 
Summary of Fair Value Exposure at February 28, 2023 (Unaudited)
         
The SP Funds S&P Global REIT Sharia 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.
• 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.
• 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 February 28, 2023:

                       
Investments in Securities
  
Level 1
    
Level 2
    
Level 3
    
Total
Common Stocks (1)
  
$
50,177,290
    
$
–
    
$
–
    
$
50,177,290
Total Investments in Securities
  
$
50,177,290
    
$
–
    
$
–
    
$
50,177,290
 
(1) See Schedule of Investments for industry breakout.