Fund Description: SoFi Gig Economy ETF is an actively managed exchange-traded fund or Actively Managed ETF which is a separate investment portfolio of the Tidal ETF Trust, an open-end investment management company. INVESTMENT OBJECTIVE: The SoFi Gig Economy ETF seeks long-term capital appreciation. The Fund is an actively managed ETF and thus does not seek to replicate the performance of a specific index. Rather, the Adviser has discretion on a daily basis to actively manage the Fund’s portfolio in accordance with the Fund’s investment objective. FUND STRATEGY: The Fund seeks to achieve its investment objective primarily by investing in a portfolio of companies listed around the world that the Adviser considers part of the gig economy. The gig economy refers to the group of companies that have embraced, that support, or that otherwise benefit from a workforce where individual employees or independent contractors are empowered to create their own freelance business by leveraging recent developments in technology platforms that enable individuals to offer their services directly to retail and commercial customers. The Adviser purchases and sells securities based on changes in the Adviser’s assessment of which companies are likely to benefit the most from their role in the gig economy. The Fund may invest in equity securities of large-, mid-, and small-capitalization companies listed on a U.S., non-U.S. developed, or emerging markets exchange. The Fund is considered to be non-diversified. The Fund is expected to invest significantly in companies in the technology and consumer cyclical sectors and may invest significantly in companies listed in, based in, or doing business in China. FUND MANAGEMENT: Toroso Investments, LLC serves as investment adviser to the Fund. CSat Investment Advisory, L.P., doing business as Exponential ETFs serves as sub-adviser to the Fund.