# EDGAR Filing Document

**Accession Number:** 0001722388
**File Stem:** 0002000324-26-000286
**Filing Date:** 2026-1
**Character Count:** 23595
**Document Hash:** 6658c6442caed23954a927099d0e2c3d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-26-000286.hdr.sgml**: 20260128

**ACCESSION NUMBER**: 0002000324-26-000286

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260128

**DATE AS OF CHANGE**: 20260128

**PERIOD START**: 20260831

**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:** 26572373

**BUSINESS ADDRESS:**
- **STREET 1:** CORPORATION TRUST CENTER 1209 ORANGE ST
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19801
- **BUSINESS PHONE:** 4694428424

**MAIL ADDRESS:**
- **STREET 1:** CORPORATION TRUST CENTER 1209 ORANGE ST
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19801

**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

### NovaTide Flexible Allocation ETF (Series ID: S000088895)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000255282 | NovaTide Flexible Allocation ETF |  |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **NovaTide Flexible Allocation ETF** | **NovaTide Flexible Allocation ETF** | **NovaTide Flexible Allocation ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**CLOSED-END FUNDS - 5.0%** | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ASA Gold and Precious Metals Ltd.<sup>(a)</sup> | 1489 | $78500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neuberger Berman Next Generation Connectivity Fund, Inc. | 19065 | 280446 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Royce Global Trust, Inc. | 4559 | 57672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Templeton Emerging Markets Fund | 9841 | 165624 |
|  |  | 582242 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL CLOSED-END FUNDS (Cost $564,404)** |  | 582242 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**COMMON STOCKS - 1.5%** | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Financial Services - 1.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Runway Growth Finance Corp. | 17910 | 164593 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Health Care - 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cypherpunk Technologies, Inc.<sup>(a)</sup> | 8624 | 13195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL COMMON STOCKS (Cost $195,214)** |  | 177788 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**EXCHANGE TRADED FUNDS - 86.3%** | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;abrdn Physical Platinum Shares ETF<sup>(a)</sup> | 413 | 63020 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alps Smith Core Plus Bond ETF | 36252 | 952703 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Applied Finance Valuation ETF | 13362 | 590868 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Distillate Small/Mid Cash Flow ETF | 20318 | 714354 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DoubleLine Commercial Real Estate ETF | 11834 | 617971 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Emerald Life Sciences Innovation ETF<sup>(a)</sup> | 14862 | 563420 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Trust Multi-Manager Small Cap Opportunities ETF | 11632 | 281820 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Trust Natural Gas ETF | 9709 | 238841 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Global X Copper Miners ETF | 1963 | 126221 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Global X Lithium & Battery Tech ETF | 956 | 60668 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Global X MLP & Energy Infrastructure ETF | 4150 | 252569 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Invesco China Technology ETF | 1038 | 54620 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Invesco Global Listed Private Equity ETF | 3504 | 231790 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iShares 0-3 Month Treasury Bond ETF | 1332 | 134092 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iShares Bitcoin Trust ETF<sup>(a)</sup> | 5637 | 290587 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iShares Core S&P 500 ETF | 499 | 342598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iShares MSCI Brazil ETF | 5439 | 182805 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iShares MSCI Japan ETF | 2795 | 232013 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley India Investment Fund, Inc. | 6732 | 181697 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PGIM Short Duration Multi-Sector Bond ETF | 33219 | 1714452 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proshares S&P 500 Ex-Health Care ETF | 7771 | 578549 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sprott Physical Gold and Silver Trust<sup>(a)</sup> | 5006 | 207449 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sprott Uranium Miners ETF | 3004 | 166992 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Touchstone Sands Capital US Select Growth ETF<sup>(a)</sup> | 15687 | 449324 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VanEck Gold Miners ETF | 3963 | 329840 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VanEck Onchain Economy ETF<sup>(a)</sup> | 4333 | 170590 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VanEck Rare Earth and Strategic Metals ETF | 902 | 67479 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VanEck Robotics ETF | 3358 | 172680 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Virtus Reaves Utilities ETF | 2079 | 174969 |
|  |  | 10144981 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL EXCHANGE TRADED FUNDS (Cost $9,561,239)** |  | 10144981 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**INVESTMENT COMPANIES - 6.0%** | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Financial Services - 6.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Barings BDC, Inc. | 32154 | 294209 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs BDC, Inc. | 11794 | 118058 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oaktree Specialty Lending Corp. | 21321 | 294230 |
|  |  | 706497 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL INVESTMENT COMPANIES (Cost $702,744)** |  | 706497 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**SHORT-TERM INVESTMENTS - 1.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Money Market Funds - 1.0%** | **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First American Government Obligations Fund - Class X, 3.92%<sup>(b)</sup> | 123128 | 123128 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL SHORT-TERM INVESTMENTS (Cost $123,128)** |  | 123128 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL INVESTMENTS - 99.8% (Cost $11,146,729)** |  | $11734636 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Assets in Excess of Liabilities - 0.2% |  | 19894 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL NET ASSETS - 100.0%** |  | $11754530 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Percentages are stated as a percent of net assets. |  |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;(a) Non-income
producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(b) The
rate shown represents the 7-day annualized effective yield as of November 30, 2025.

## 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:** Novatide Flexible Allocation ETF

- **b. EDGAR series identifier (if any):** S000088895

- **c. LEI of Series:** 254900GSJHE2VLZX4986

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

- **a. Date of fiscal year-end:** 2026-08-31

- **b. Date as of which information is reported:** 2025-11-30

**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:** $12539908.06

**Total Liabilities:** $785300.47

**Net Assets:** $11754607.59

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000255282 |  | 0.18%                | -0.28%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $0.00                                      |
| Month 2  | $0.00                    | $14913.03                                  |
| Month 3  | $1824373.90              | $-1795255.16                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| abrdn Physical Platinum Shares | abrdn Physical Platinum Shares ETF                     | CUSIP: 003260106<br>LEI: 5493001S1GI0VA48N983 | Long             | EC               | RF                | US        |       413 | NS      | $63019.67     | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Alps Smith Core Plus Bond ETF  | Alps Smith Core Plus Bond ETF                          | CUSIP: 00162Q346<br>LEI: 254900Q5ZW3UQSG4LS58 | Long             | EC               | RF                | US        |     36252 | NS      | $952702.56    | 8.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Finance Valuation ETF  | Applied Finance Valuation ETF                          | CUSIP: 26923N405<br>LEI: N/A                  | Long             | EC               | RF                | US        |     13362 | NS      | $590867.64    | 5.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ASA Gold and Precious Metals L | ASA Gold and Precious Metals Ltd                       | CUSIP: N/A<br>LEI: 254900VOUR4617HGCL14       | Long             | EC               | RF                | BM        |      1489 | NS      | $78500.08     | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Barings BDC Inc                | Barings BDC Inc                                        | CUSIP: 06759L103<br>LEI: 549300GSF4KFZP6ONG49 | Long             | EC               | CORP              | US        |     32154 | NS      | $294209.10    | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Cypherpunk Technologies Inc    | Cypherpunk Technologies Inc                            | CUSIP: 52187K200<br>LEI: 549300T31SMMJ2DDLI13 | Long             | EC               | CORP              | US        |      8624 | NS      | $13194.72     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Distillate Small/Mid Cash Flow | Distillate Small/Mid Cash Flow ETF                     | CUSIP: 26922B667<br>LEI: 549300RXDI4OKGXIK130 | Long             | EC               | RF                | US        |     20318 | NS      | $714354.47    | 6.08%             |  |  |  | No            |                  1 | On Loan: No      |
| DoubleLine Commercial Real Est | DoubleLine Commercial Real Estate ETF                  | CUSIP: 25861R303<br>LEI: 549300GVECK72DWOE818 | Long             | EC               | RF                | US        |     11834 | NS      | $617971.48    | 5.26%             |  |  |  | No            |                  1 | On Loan: No      |
| F/m Emerald Life Sciences Inno | F/m Emerald Life Sciences Innovation ETF               | CUSIP: 74933W221<br>LEI: 5299004NK8PYE4SUB575 | Long             | EC               | RF                | US        |     14862 | NS      | $563419.91    | 4.79%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund             | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |    123128 | NS      | $123128.06    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| First Trust Multi-Manager Smal | First Trust Multi-Manager Small Cap Opportunities ETF  | CUSIP: 33740U794<br>LEI: 5493002EYHK3FX6WXJ92 | Long             | EC               | RF                | US        |     11632 | NS      | $281820.10    | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| First Trust Natural Gas ETF    | First Trust Natural Gas ETF                            | CUSIP: 33733E807<br>LEI: 549300SVX60NSSWYLS19 | Long             | EC               | RF                | US        |      9709 | NS      | $238841.40    | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Global X Copper Miners ETF     | Global X Copper Miners ETF                             | CUSIP: 37954Y830<br>LEI: 549300L5RUQZ388WGS57 | Long             | EC               | RF                | US        |      1963 | NS      | $126220.90    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Global X Lithium & Battery Tec | Global X Lithium & Battery Tech ETF                    | CUSIP: 37954Y855<br>LEI: 5493004G7TKT5SOCWN15 | Long             | EC               | RF                | US        |       956 | NS      | $60667.76     | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Global X MLP & Energy Infrastr | Global X MLP & Energy Infrastructure ETF               | CUSIP: 37954Y293<br>LEI: 549300R7DURR92Q63054 | Long             | EC               | RF                | US        |      4150 | NS      | $252569.00    | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs BDC Inc          | Goldman Sachs BDC Inc                                  | CUSIP: 38147U107<br>LEI: 6D01AGSGBNZIJSN77043 | Long             | EC               | CORP              | US        |     11794 | NS      | $118057.94    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco China Technology ETF   | Invesco China Technology ETF                           | CUSIP: 46138E800<br>LEI: 549300PS11RST4YBXW12 | Long             | EC               | RF                | US        |      1038 | NS      | $54619.56     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Global Listed Private  | Invesco Global Listed Private Equity ETF               | CUSIP: 46137V118<br>LEI: 549300WINPXXJXBQXI26 | Long             | EC               | RF                | US        |      3504 | NS      | $231789.60    | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares 0-3 Month Treasury Bon | iShares 0-3 Month Treasury Bond ETF                    | CUSIP: 46436E718<br>LEI: 549300L2T50TTT4U6186 | Long             | EC               | RF                | US        |      1332 | NS      | $134092.44    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Bitcoin Trust ETF      | iShares Bitcoin Trust ETF                              | CUSIP: 46438F101<br>LEI: 529900HVFN08L8P4H851 | Long             | EC               | RF                | US        |      5637 | NS      | $290587.35    | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Core S&P 500 ETF       | iShares Core S&P 500 ETF                               | CUSIP: 464287200<br>LEI: 5493007M4YMN8XL48C14 | Long             | EC               | RF                | US        |       499 | NS      | $342597.89    | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares MSCI Brazil ETF        | iShares MSCI Brazil ETF                                | CUSIP: 464286400<br>LEI: 5493006D2L7KY3ZDF809 | Long             | EC               | RF                | US        |      5439 | NS      | $182804.79    | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares MSCI Japan ETF         | iShares MSCI Japan ETF                                 | CUSIP: 46434G822<br>LEI: 5493008I6YRUC6I0S051 | Long             | EC               | RF                | US        |      2795 | NS      | $232012.95    | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley India Investmen | Morgan Stanley India Investment Fund Inc               | CUSIP: 61745C105<br>LEI: 5LQ8NRKQLK2XRS19BS65 | Long             | EC               | RF                | US        |      6732 | NS      | $181696.68    | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Neuberger Berman Next Generati | Neuberger Berman Next Generation Connectivity Fund Inc | CUSIP: 64133Q108<br>LEI: 549300GRTFKXVB9LQE61 | Long             | EC               | RF                | US        |     19065 | NS      | $280446.15    | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Oaktree Specialty Lending Corp | Oaktree Specialty Lending Corp                         | CUSIP: 67401P405<br>LEI: 549300J6MGCEU5928620 | Long             | EC               | CORP              | US        |     21321 | NS      | $294229.80    | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| PGIM SHORT DURATION MULTI-SECT | PGIM SHORT DURATION MULTI-SECTOR BOND ETF              | CUSIP: 69344A842<br>LEI: 5493000IJ6SBQ4F1ZB28 | Long             | EC               | RF                | US        |     33219 | NS      | $1714452.52   | 14.59%            |  |  |  | No            |                  1 | On Loan: No      |
| Proshares S&P 500 Ex-Health Ca | Proshares S&P 500 Ex-Health Care ETF                   | CUSIP: 74347B565<br>LEI: 5493001L2ZGJ40PRHY65 | Long             | EC               | RF                | US        |      7771 | NS      | $578549.40    | 4.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Royce Global Trust Inc         | Royce Global Trust Inc                                 | CUSIP: 78081T104<br>LEI: 254900MA25TE88EMIP63 | Long             | EC               | RF                | US        |      4559 | NS      | $57671.35     | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Runway Growth Finance Corp     | Runway Growth Finance Corp                             | CUSIP: 78163D100<br>LEI: 254900AXR3J2N1XT0V02 | Long             | EC               | CORP              | US        |     17910 | NS      | $164592.90    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprott Physical Gold and Silve | Sprott Physical Gold and Silver Trust                  | CUSIP: 85208R101<br>LEI: N/A                  | Long             | EC               | RF                | CA        |      5006 | NS      | $207448.64    | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprott Uranium Miners ETF      | Sprott Uranium Miners ETF                              | CUSIP: 85208P303<br>LEI: 254900PKBWWLG0BN6V46 | Long             | EC               | RF                | US        |      3004 | NS      | $166992.36    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Fund Inc/The/MD         | Taiwan Fund Inc/The/MD                                 | CUSIP: 874036106<br>LEI: N/A                  | Long             | EC               | RF                | US        |       104 | NS      | $5735.60      | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Templeton Emerging Markets Fun | Templeton Emerging Markets Fund/United States          | CUSIP: 880191101<br>LEI: CZCIR4LW4R7Y5KBS5R36 | Long             | EC               | RF                | US        |      9841 | NS      | $165624.03    | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Touchstone Sands Capital US Se | Touchstone Sands Capital US Select Growth ETF          | CUSIP: 89157W806<br>LEI: 529900P0SBUGJY7MXB19 | Long             | EC               | RF                | US        |     15687 | NS      | $449324.31    | 3.82%             |  |  |  | No            |                  1 | On Loan: No      |
| VanEck Gold Miners ETF/USA     | VanEck Gold Miners ETF/USA                             | CUSIP: 92189F106<br>LEI: 54930031TORTKAM9TJ98 | Long             | EC               | RF                | US        |      3963 | NS      | $329840.49    | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| VanEck Onchain Economy ETF     | VanEck Onchain Economy ETF                             | CUSIP: 92107P780<br>LEI: 254900BQUC9W4HTCLF04 | Long             | EC               | RF                | US        |      4333 | NS      | $170590.21    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| VanEck Rare Earth and Strategi | VanEck Rare Earth and Strategic Metals ETF             | CUSIP: 92189H805<br>LEI: 549300CC0W53Y8C5LO70 | Long             | EC               | RF                | US        |       902 | NS      | $67478.62     | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| VanEck Robotics ETF            | VanEck Robotics ETF                                    | CUSIP: 92189Y402<br>LEI: 54930005LHA0TK9A7524 | Long             | EC               | RF                | US        |      3358 | NS      | $172680.11    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtus Reaves Utilities ETF    | Virtus Reaves Utilities ETF                            | CUSIP: 26923G806<br>LEI: 549300WSXYEYWDF68646 | Long             | EC               | RF                | US        |      2079 | NS      | $174968.64    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-28

**Name of Applicant:** Tidal Trust III

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer