# EDGAR Filing Document

**Accession Number:** 0001722388
**File Stem:** 0002000324-26-001203
**Filing Date:** 2026-3
**Character Count:** 30615
**Document Hash:** 17d9db50066a6ebc118916f67e142d1e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-26-001203.hdr.sgml**: 20260327

**ACCESSION NUMBER**: 0002000324-26-001203

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260327

**DATE AS OF CHANGE**: 20260327

**PERIOD START**: 20260731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tidal Trust III
- **CENTRAL INDEX KEY:** 0001722388

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23312
- **FILM NUMBER:** 26803949

**BUSINESS ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET, SUITE 700
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53204
- **BUSINESS PHONE:** 4694428424

**MAIL ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET, SUITE 700
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53204

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Impact Shares Trust I
- **DATE OF NAME CHANGE:** 20180319

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Impact Shares Funds I Trust
- **DATE OF NAME CHANGE:** 20171113

## Series and Classes Contracts Data

### Rockefeller California Municipal Bond ETF (Series ID: S000086368)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000251862 | Rockefeller California Municipal Bond ETF | RMCA            |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Tidal Trust III

- **b. Investment Company Act file number:** 811-23312

- **c. CIK number of Registrant:** 0001722388

- **d. LEI of Registrant:** 254900O7GV43AAUCM784

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 234 West Florida Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53204

  - **Telephone number:** 8449867676

**Item A.2. Information about the Series.**

- **a. Name of Series:** Rockefeller California Municipal Bond ETF

- **b. EDGAR series identifier (if any):** S000086368

- **c. LEI of Series:** 254900DX9FOOL95T1K22

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-07-31

- **b. Date as of which information is reported:** 2026-01-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $14523811.38

**Total Liabilities:** $6278.34

**Net Assets:** $14517533.04

**Cash Not Reported:** $49405.13

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0 | **1-Year:** -44.15 | **5-Year:** -420.13 | **10-Year:** -6777.78 | **30-Year:** -6383.14

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0 | **1-Year:** 0 | **5-Year:** -120.79 | **10-Year:** -346.88 | **30-Year:** -342.97

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000251862 | 0.39%                | -0.44%               | 0.49%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $1560.03                                   |
| Month 2  | $-51517.52               | $-70360.94                                 |
| Month 3  | $-510.45                 | $13635.99                                  |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                               | Title                                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Avenal Public Financing Authority                  | Avenal Public Financing Authority                      | CUSIP: 053559AZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40009.98     | 0.28%             | 2036-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Burbank-Glendale-Pasadena Airport Authority Brick  | Burbank-Glendale-Pasadena Airport Authority Brick      | CUSIP: 120827EF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $520190.80    | 3.58%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A                     | California Community Choice Financing Authority        | CUSIP: 13013JHK5<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    350000 | PA      | $381096.56    | 2.63%             | 2056-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CNTY CA TOBACCO SEC                     | California County Tobacco Securitization Agency        | CUSIP: 13016NBY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $95765.76     | 0.66%             | 2042-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency    | California County Tobacco Securitization Agency        | CUSIP: 13016NCH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $22848.22     | 0.16%             | 2050-06-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency    | California County Tobacco Securitization Agency        | CUSIP: 13016NCX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $341795.63    | 2.35%             | 2046-06-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority   | California Health Facilities Financing Authority       | CUSIP: 13032USL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $96388.36     | 0.66%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority   | California Health Facilities Financing Authority       | CUSIP: 13033L4N4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300172.17    | 2.07%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                  | California Housing Finance Agency                      | CUSIP: 13032WDK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $511956.40    | 3.53%             | 2055-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development B | California Infrastructure & Economic Development B     | CUSIP: 13035CAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $277917.45    | 1.91%             | 2054-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority             | California Municipal Finance Authority                 | CUSIP: 130486BC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $142550.30    | 0.98%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority             | California Municipal Finance Authority                 | CUSIP: 13048DDG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $118592.60    | 0.82%             | 2055-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority             | California Municipal Finance Authority                 | CUSIP: 13048T7N7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $251288.43    | 1.73%             | 2047-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority             | California Municipal Finance Authority                 | CUSIP: 13048TVF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $45004.34     | 0.31%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority             | California Municipal Finance Authority                 | CUSIP: 13048VMX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $172604.39    | 1.19%             | 2048-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority             | California Municipal Finance Authority                 | CUSIP: 13048VPX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $46407.57     | 0.32%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority             | California Municipal Finance Authority                 | CUSIP: 13048VUP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $164823.26    | 1.14%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority             | California Municipal Finance Authority                 | CUSIP: 13048VXC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $11031.90     | 0.08%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority             | California Municipal Finance Authority                 | CUSIP: 130491AU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $523377.50    | 3.61%             | 2060-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority             | California Municipal Finance Authority                 | CUSIP: 13051EAJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $246096.03    | 1.70%             | 2055-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PUBLIC FIN AUTH SEN                     | California Public Finance Authority                    | CUSIP: 13057GAP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $171496.90    | 1.18%             | 2054-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PUBLIC FIN AUTH SEN                     | California Public Finance Authority                    | CUSIP: 13057GAY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $405983.52    | 2.80%             | 2065-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| California School Facilities Financing Authority   | California School Facilities Financing Authority       | CUSIP: 13058RAU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $464269.50    | 3.20%             | 2049-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                | California School Finance Authority                    | CUSIP: 13058TCK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $67621.90     | 0.47%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                | California School Finance Authority                    | CUSIP: 13058TEZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $198704.16    | 1.37%             | 2047-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                | California School Finance Authority                    | CUSIP: 13058TKK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $290418.30    | 2.00%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                | California School Finance Authority                    | CUSIP: 13058TLY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $275081.79    | 1.89%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                | California School Finance Authority                    | CUSIP: 13058TQA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25669.35     | 0.18%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                | California School Finance Authority                    | CUSIP: 13058TRV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $280988.20    | 1.94%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                | California School Finance Authority                    | CUSIP: 13058TUW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $140298.50    | 0.97%             | 2064-07-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                | California School Finance Authority                    | CUSIP: 13059TCQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250193.18    | 1.72%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                | California School Finance Authority                    | CUSIP: 13059TFG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40842.37     | 0.28%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                | California School Finance Authority                    | CUSIP: 13059TFU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $222468.32    | 1.53%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                | California School Finance Authority                    | CUSIP: 13059TJR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $114338.88    | 0.79%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH SE                     | California Public Finance Authority                    | CUSIP: 13057TAG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $155422.28    | 1.07%             | 2065-06-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| California State University                        | California State University                            | CUSIP: 13077DWG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $325609.62    | 2.24%             | 2056-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Autho | California Statewide Communities Development Autho     | CUSIP: 13077ENQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $186862.43    | 1.29%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Autho | California Statewide Communities Development Autho     | CUSIP: 13080S2T0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $261095.38    | 1.80%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Autho | California Statewide Communities Development Autho     | CUSIP: 13080SEW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30036.34     | 0.21%             | 2044-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Autho | California Statewide Communities Development Autho     | CUSIP: 13080SM76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $305749.02    | 2.11%             | 2052-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Autho | California Statewide Communities Development Autho     | CUSIP: 13080SML5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150068.66    | 1.03%             | 2056-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Autho | California Statewide Communities Development Autho     | CUSIP: 13080SVL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25485.09     | 0.18%             | 2043-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Statewide Financing Authority           | California Statewide Financing Authority               | CUSIP: 130923BG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $92031.35     | 0.63%             | 2037-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTYS DEV AUT                     | California Statewide Communities Development Authority | CUSIP: 13080SEX8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    280000 | PA      | $280360.08    | 1.93%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                              | Children's Trust Fund                                  | CUSIP: 16876QBF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $136576.03    | 0.94%             | 2039-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                              | Children's Trust Fund                                  | CUSIP: 16876QBG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $197528.78    | 1.36%             | 2043-05-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports         | City of Los Angeles Department of Airports             | CUSIP: 5444453D9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $424019.12    | 2.92%             | 2055-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Oakland CA                                 | City of Oakland CA                                     | CUSIP: 67232QAP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $254820.30    | 1.76%             | 2055-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Sacramento CA Airport System Revenue     | County of Sacramento CA Airport System Revenue         | CUSIP: 786107XB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $260810.15    | 1.80%             | 2050-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Downey Unified School District                     | Downey Unified School District                         | CUSIP: 261005SS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $476157.40    | 3.28%             | 2052-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lammersville Joint Unified School District         | Lammersville Joint Unified School District             | CUSIP: 513533JW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $516176.50    | 3.56%             | 2055-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power            | Los Angeles Department of Water & Power                | CUSIP: 544532NK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $262402.18    | 1.81%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Mountain House Community Facilities District       | Mountain House Community Facilities District           | CUSIP: 62412KAL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $252503.98    | 1.74%             | 2055-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| M-S-R Energy Authority                             | M-S-R Energy Authority                                 | CUSIP: 55374SAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21241.63     | 0.15%             | 2029-11-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Poway Unified School District Public Financing Aut | Poway Unified School District Public Financing Aut     | CUSIP: 73885QDN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40033.19     | 0.28%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Rev | Puerto Rico Sales Tax Financing Corp Sales Tax Rev     | CUSIP: 74529JPV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     27000 | PA      | $27045.60     | 0.19%             | 2040-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Rev | Puerto Rico Sales Tax Financing Corp Sales Tax Rev     | CUSIP: 74529JRL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $143335.88    | 0.99%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority        | San Diego County Regional Airport Authority            | CUSIP: 79739GTE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $265967.93    | 1.83%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority        | San Diego County Regional Airport Authority            | CUSIP: 79742GAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150152.51    | 1.03%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Franc | San Francisco City & County Airport Comm-San Franc     | CUSIP: 79766DXP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $260316.78    | 1.79%             | 2055-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Franc | San Francisco City & County Airport Comm-San Franc     | CUSIP: 79766DYA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $260316.78    | 1.79%             | 2055-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Silicon Valley Tobacco Securitization Authority    | Silicon Valley Tobacco Securitization Authority        | CUSIP: 82706TAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $281901.40    | 1.94%             | 2036-06-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SILICON VLY CA TOBACCO SECURIT                     | Silicon Valley Tobacco Securitization Authority        | CUSIP: 82706TAE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $186149.35    | 1.28%             | 2041-06-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| State of California                                | State of California                                    | CUSIP: 13063D5F1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $534989.30    | 3.69%             | 2053-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Washington Township Health Care District           | Washington Township Health Care District               | CUSIP: 940642CV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $275077.69    | 1.89%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-27

**Name of Applicant:** Tidal Trust III

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer