Fund Description: SP Funds Dow Jones Global Sukuk ETF is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the Tidal ETF Trust, an open-end investment management company. INVESTMENT OBJECTIVE: The SP Funds Dow Jones Global Sukuk ETF seeks to provide investment returns that closely correspond to the price and yield performance of the Dow Jones Sukuk Total Return (ex‑Reinvestment) Index. INDEX DESCRIPTION: The Dow Jones Sukuk Total Return Index includes U.S. dollar-denominated investment-grade sukuk, which are financial certificates, similar to bonds, issued in the global markets and structured to comply with Islamic religious law commonly known as Sharia and its investment principles. Unlike conventional bonds, sukuk are based on a variety of contracts to create financial obligations, and the returns to investors are considered to be profit sharing, not interest. Issuers of sukuk may include international financial institutions, foreign governments (including in emerging markets), and foreign government agencies or instrumentalities that issue sukuk through a secondary issuing vehicle such as a trust. The Index is rebalanced and reconstituted monthly and is market value weighted. FUND STRATEGY: The Fund uses a passive management (or indexing) approach to track the performance of the Index. Under normal circumstances, at least 80% of the Fund’s total assets will be invested in the component securities of the Index. The Fund will generally use a replication strategy to achieve its investment objective, meaning it generally will invest in all of the component securities of the Index. However, the Fund may use a representative sampling strategy, meaning it may invest in a sample of the securities in the Index whose risk, return, and other characteristics closely resemble the risk, return, and other characteristics of the Index. The Fund generally may invest up to 20% of its total assets in Sharia-compliant securities or other investments not included in the Index, but which the Fund’s sub-advisers believe will help the Fund track the Index. FUND MANAGEMENT: Toroso Investments, LLC serves as investment adviser to the Fund. CSat Investment Advisory, L.P. d/b/a Exponential ETFs and ShariaPortfolio, Inc. serve as investment sub-advisers to the Fund.