# EDGAR Filing Document

**Accession Number:** 0001722388
**File Stem:** 0002000324-25-003002
**Filing Date:** 2025-8
**Character Count:** 8945
**Document Hash:** c203b9664794ff6306197b78edd7da55
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-25-003002.hdr.sgml**: 20250825

**ACCESSION NUMBER**: 0002000324-25-003002

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250825

**DATE AS OF CHANGE**: 20250825

**PERIOD START**: 20250930

**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:** 251248077

**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

### Ned Davis Research 360 Dynamic Allocation ETF (Series ID: S000088329)

| Class ID   | Class Name                                    | Ticker Symbol   |
|:---|:---|:---|
| C000254581 | Ned Davis Research 360 Dynamic Allocation ETF | NDAA            |

## Nport-Ex

---

| |
|:---|
| **Ned Davis Research 360° Dynamic Allocation ETF** |
| **Schedule of Investments** |
| **June 30, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **EXCHANGE TRADED FUNDS - 98.8%** | **Shares** | **Value** |
| abrdn Bloomberg All Commodity Strategy K-1 Free ETF | 6163 | $128006 |
| iShares Broad USD High Yield Corporate Bond ETF | 3714 | 139312 |
| iShares Core MSCI EAFE ETF | 6179 | 515823 |
| iShares Core MSCI Emerging Markets ETF | 8723 | 523642 |
| iShares J.P. Morgan USD Emerging Markets Bond ETF | 1514 | 140227 |
| Vanguard Growth ETF | 1189 | 521258 |
| Vanguard Intermediate-Term Corporate Bond ETF | 794 | 65838 |
| Vanguard S&P 500 ETF | 780 | 443063 |
| Vanguard Total International Bond ETF | 2616 | 129518 |
|  |  | 2606687 |
| **TOTAL EXCHANGE TRADED FUNDS (Cost $2,428,004)** |  | 2606687 |

---

---

| | | |
|:---|:---|:---|
| **SHORT-TERM INVESTMENTS - 1.2%** | | |
| **Money Market Funds - 1.2%** | **Shares** | **Value** |
| First American Government Obligations Fund - Class X, 4.25%<sup>(a)</sup> | 32430 | 32430 |
| **TOTAL SHORT-TERM INVESTMENTS (Cost $32,430)** |  | 32430 |
| **TOTAL INVESTMENTS - 100.0% (Cost $2,460,434)** |  | $2639117 |
| Other Assets in Excess of Liabilities - 0.0%<sup>(b)</sup> |  | 978 |
| **TOTAL NET ASSETS - 100.0%** |  | $2640095 |

---

Percentages are stated as a percent of net assets.

(a) The rate shown represents the 7-day annualized effective yield as of June 30, 2025.

(b) Does not round to 0.1% or (0.1)%, as applicable.

## 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:** Ned Davis Research 360 Dynamic Allocation ETF

- **b. EDGAR series identifier (if any):** S000088329

- **c. LEI of Series:** 254900J8OGEV32AXPL67

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $2641154.83

**Total Liabilities:** $1059.72

**Net Assets:** $2640095.11

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000254581 | -2.68%               | 3.44%                | 3.99%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-135138.82              | $50923.08                                  |
| Month 2  | $2634.27                 | $78625.90                                  |
| Month 3  | $-1430.53                | $83610.94                                  |

**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 Bloomberg All Commodity  | abrdn Bloomberg All Commodity Strategy K-1 Free ETF | CUSIP: 003261104<br>LEI: 549300PWXO8WGDSMS419 | Long             | EC               | RF                | US        |      6163 | NS      | $128005.51    | 4.85%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund          | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |     32430 | NS      | $32430.43     | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Broad USD High Yield C | iShares Broad USD High Yield Corporate Bond ETF     | CUSIP: 46435U853<br>LEI: 549300X7H67ZLUE3IZ46 | Long             | EC               | RF                | US        |      3714 | NS      | $139312.14    | 5.28%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Core MSCI EAFE ETF     | iShares Core MSCI EAFE ETF                          | CUSIP: 46432F842<br>LEI: 5493009FT582MI7Y3I36 | Long             | EC               | RF                | US        |      6179 | NS      | $515822.92    | 19.54%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares Core MSCI Emerging Mar | iShares Core MSCI Emerging Markets ETF              | CUSIP: 46434G103<br>LEI: 5493007C24Z3ZDJ0VD06 | Long             | EC               | RF                | US        |      8723 | NS      | $523641.69    | 19.83%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares J.P. Morgan USD Emergi | iShares J.P. Morgan USD Emerging Markets Bond ETF   | CUSIP: 464288281<br>LEI: 54930070R8WH6MNUJG74 | Long             | EC               | RF                | US        |      1514 | NS      | $140226.68    | 5.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Growth ETF            | Vanguard Growth ETF                                 | CUSIP: 922908736<br>LEI: N/A                  | Long             | EC               | RF                | US        |      1189 | NS      | $521257.60    | 19.74%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Intermediate-Term Cor | Vanguard Intermediate-Term Corporate Bond ETF       | CUSIP: 92206C870<br>LEI: N/A                  | Long             | EC               | RF                | US        |       794 | NS      | $65838.48     | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard S&P 500 ETF           | Vanguard S&P 500 ETF                                | CUSIP: 922908363<br>LEI: N/A                  | Long             | EC               | RF                | US        |       780 | NS      | $443063.40    | 16.78%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Total International B | Vanguard Total International Bond ETF               | CUSIP: 92203J407<br>LEI: N/A                  | Long             | EC               | RF                | US        |      2616 | NS      | $129518.16    | 4.91%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-25

**Name of Applicant:** Tidal Trust III

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer