Exhibit 99.(d)(i)(5)
FIFTH AMENDMENT TO THE
TIDAL TRUST I
INVESTMENT ADVISORY AGREEMENT
with
TIDAL INVESTMENTS LLC
THIS FIFTH AMENDMENT dated as of July 31, 2025, to the Investment Advisory Agreement, dated as of February 20, 2019, as amended (the “Agreement”), entered into by and between TIDAL TRUST I (f/k/a TIDAL ETF TRUST) (the “Trust”), on behalf of the series of the Trust as indicated on Amended Schedule A to the Agreement, as may be amended from time to time (each, a “Fund,” and collectively, the “Funds”), and TIDAL INVESTMENTS LLC (f/k/a TOROSO INVESTMENTS, LLC) (hereinafter called the “Adviser”).
RECITALS
WHEREAS, the parties have entered into the Agreement; and
WHEREAS, the Trust and the Adviser desire to amend Schedule A to add the following series:
SoFi Agentic AI ETF (the “New Fund”); and
WHEREAS, Section 21 of the Agreement allows for the amendment of the Agreement by a written instrument executed by both parties;
NOW, THEREFORE, the parties agree as follows:
Amended Schedule A of the Agreement is hereby superseded and replaced with Amended Schedule A attached hereto, for the purpose of adding the New Fund, to be effective at the time the New Fund commences operation pursuant to an effective amendment to the Trust’s Registration Statement under the Securities Act of 1933, as amended.
Except to the extent amended hereby, the Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this Fifth Amendment to be executed by a duly authorized officer on one or more counterparts as of the date and year first written above.
TIDAL TRUST I (f/k/a TIDAL ETF TRUST) | TIDAL INVESTMENTS LLC (f/k/a TOROSO INVESTMENTS, LLC) | ||||
on behalf of its series listed on Amended Schedule A | |||||
By: | /s/Eric Falkeis | By: | /s/Daniel Carlson | ||
Name: | Eric W. Falkeis | Name: | Daniel H. Carlson | ||
Title: | President | Title: | Chief of Staff |
Amended Schedule A
to the
TIDAL TRUST I
INVESTMENT ADVISORY AGREEMENT
with
TIDAL INVESTMENTS LLC
Fund Name | Advisory Fee | Effective Date |
SoFi Select 500 ETF | 0.19% | 4/10/2019 |
SoFi Next 500 ETF | 0.19% | 4/10/2019 |
SoFi 50 ETF | 0.29% | 5/7/2019 |
SoFi Enhanced Yield ETF | 0.49% | 11/14/2023 |
SoFi Agentic AI ETF | 0.69% | Commencement of Operations |