# EDGAR Filing Document

**Accession Number:** 0001722388
**File Stem:** 0002000324-25-003767
**Filing Date:** 2025-9
**Character Count:** 33477
**Document Hash:** bfc01ecf4a5cf88bf0bacaffd2897493
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-25-003767.hdr.sgml**: 20250929

**ACCESSION NUMBER**: 0002000324-25-003767

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250929

**DATE AS OF CHANGE**: 20250929

**PERIOD START**: 20250731

**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:** 251353840

**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

### Rockefeller New York Municipal Bond ETF (Series ID: S000086369)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000251863 | Rockefeller New York Municipal Bond ETF | RMNY            |

## 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 New York Municipal Bond ETF

- **b. EDGAR series identifier (if any):** S000086369

- **c. LEI of Series:** 2549009ZENSO21UIIK40

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

- **a. Date of fiscal year-end:** 2025-07-31

- **b. Date as of which information is reported:** 2025-07-31

**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:** $17908022.88

**Total Liabilities:** $1359731.49

**Net Assets:** $16548291.39

**Delayed Delivery Securities:** $1351960.00

**Cash Not Reported:** $19039.79

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0 | **1-Year:** -20.37 | **5-Year:** -691.44 | **10-Year:** -9375.33 | **30-Year:** -3837.64

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

- **3-Month:** 0 | **1-Year:** 0 | **5-Year:** 0 | **10-Year:** -556.84 | **30-Year:** -591.35

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000251863 | -0.76%               | 0.43%                | -0.96%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-15275.89               | $-150454.24                                |
| Month 2  | $-61781.53               | $70653.53                                  |
| Month 3  | $-50954.02               | $-174923.30                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Broome County Local Development Corp               | Broome County Local Development Corp                   | CUSIP: 114731AV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $414122.95    | 2.50%             | 2050-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Buffalo & Erie County Industrial Land Development  | Buffalo & Erie County Industrial Land Development      | CUSIP: 11943KBX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $14228.06     | 0.09%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Buffalo & Erie County Industrial Land Development  | Buffalo & Erie County Industrial Land Development      | CUSIP: 11943KDD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $66971.67     | 0.40%             | 2052-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                            | Build NYC Resource Corp                                | CUSIP: 12008EBJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $98811.82     | 0.60%             | 2038-07-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                            | Build NYC Resource Corp                                | CUSIP: 12008EDL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50028.73     | 0.30%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                            | Build NYC Resource Corp                                | CUSIP: 12008EMY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $48215.11     | 0.29%             | 2042-08-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                            | Build NYC Resource Corp                                | CUSIP: 12008ETL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $185546.50    | 1.12%             | 2062-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                            | Build NYC Resource Corp                                | CUSIP: 12008ETW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $49248.70     | 0.30%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                            | Build NYC Resource Corp                                | CUSIP: 12008EWJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $485515.30    | 2.93%             | 2060-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                            | Build NYC Resource Corp                                | CUSIP: 12008QAG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $491799.70    | 2.97%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Chautauqua Tobacco Asset Securitization Corp       | Chautauqua Tobacco Asset Securitization Corp           | CUSIP: 162564BB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $43432.08     | 0.26%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Children's Trust Fund                              | Children's Trust Fund                                  | CUSIP: 16876QBF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $60840.02     | 0.37%             | 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        |     50000 | PA      | $50843.64     | 0.31%             | 2043-05-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CLINTON CNTY NY CAPITAL RESOUR                     | Clinton County Capital Resource Corp                   | CUSIP: 187469AG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $195937.20    | 1.18%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dobbs Ferry Local Development Corp                 | Dobbs Ferry Local Development Corp                     | CUSIP: 256048AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99370.49     | 0.60%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Erie Tobacco Asset Securitization Corp             | Erie Tobacco Asset Securitization Corp                 | CUSIP: 295095BB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $81013.81     | 0.49%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hempstead Town Local Development Corp              | Hempstead Town Local Development Corp                  | CUSIP: 424682EY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $82175.21     | 0.50%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hempstead Town Local Development Corp              | Hempstead Town Local Development Corp                  | CUSIP: 424682FT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25020.12     | 0.15%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hempstead Town Local Development Corp              | Hempstead Town Local Development Corp                  | CUSIP: 424682GB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200047.90    | 1.21%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hempstead Town Local Development Corp              | Hempstead Town Local Development Corp                  | CUSIP: 424682GE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $98937.69     | 0.60%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority              | Metropolitan Transportation Authority                  | CUSIP: 59261ACW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $502753.51    | 3.04%             | 2056-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority Dedicated Ta | Metropolitan Transportation Authority Dedicated Ta     | CUSIP: 59260XBA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $199669.08    | 1.21%             | 2049-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority Dedicated Ta | Metropolitan Transportation Authority Dedicated Ta     | CUSIP: 59260XCU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    695000 | PA      | $695659.00    | 4.20%             | 2051-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monroe County Industrial Development Corp/NY       | Monroe County Industrial Development Corp/NY           | CUSIP: 61075TMF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $510452.01    | 3.08%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monroe County Industrial Development Corp/NY       | Monroe County Industrial Development Corp/NY           | CUSIP: 61075TXV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $92979.01     | 0.56%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monroe County Industrial Development Corp/NY       | Monroe County Industrial Development Corp/NY           | CUSIP: 61075TXW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $116253.84    | 0.70%             | 2059-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MTA Hudson Rail Yards Trust Obligations            | MTA Hudson Rail Yards Trust Obligations                | CUSIP: 62476RAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $198937.44    | 1.20%             | 2056-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nassau County Tobacco Settlement Corp              | Nassau County Tobacco Settlement Corp                  | CUSIP: 63166MCB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $80007.77     | 0.48%             | 2046-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp             | New York City Housing Development Corp                 | CUSIP: 64966WJP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $109072.15    | 0.66%             | 2054-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp             | New York City Housing Development Corp                 | CUSIP: 64972KKE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $404122.08    | 2.44%             | 2050-11-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp             | New York City Housing Development Corp                 | CUSIP: 64972KLE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $498554.50    | 3.01%             | 2055-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY MUNI WTR FIN                      | New York City Municipal Water Finance Authority        | CUSIP: 64972GZW7<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    400000 | PA      | $400000.00    | 2.42%             | 2033-06-15      | Variable      | 1.80%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Build | New York City Transitional Finance Authority Build     | CUSIP: 64972HWB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400111.72    | 2.42%             | 2043-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Build | New York City Transitional Finance Authority Build     | CUSIP: 64972HXU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30025.11     | 0.18%             | 2036-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Convention Center Development Corp        | New York Convention Center Development Corp            | CUSIP: 649451DC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $216458.73    | 1.31%             | 2045-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust IV                 | New York Counties Tobacco Trust IV                     | CUSIP: 62947YAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $22761.59     | 0.14%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust IV                 | New York Counties Tobacco Trust IV                     | CUSIP: 62947YAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $16739.10     | 0.10%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust IV                 | New York Counties Tobacco Trust IV                     | CUSIP: 62947YAE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $4179.95      | 0.03%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust VI                 | New York Counties Tobacco Trust VI                     | CUSIP: 64945JAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $101661.38    | 0.61%             | 2045-06-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| New York Counties Tobacco Trust VI                 | New York Counties Tobacco Trust VI                     | CUSIP: 64945JAX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $98768.16     | 0.60%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp                  | New York Liberty Development Corp                      | CUSIP: 649519DC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $493402.60    | 2.98%             | 2040-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                                        | City of New York NY                                    | CUSIP: 64966SMD5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    500000 | PA      | $512615.95    | 3.10%             | 2048-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                     | New York Transportation Development Corp               | CUSIP: 650116AQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $144995.20    | 0.88%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                     | New York Transportation Development Corp               | CUSIP: 650116AV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $28984.85     | 0.18%             | 2050-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                     | New York Transportation Development Corp               | CUSIP: 650116HQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $485379.35    | 2.93%             | 2060-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                     | New York Transportation Development Corp               | CUSIP: 650116HT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $73541.67     | 0.44%             | 2054-12-31      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                 | New York State Dormitory Authority                     | CUSIP: 64985SBX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $513907.55    | 3.11%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                 | New York State Dormitory Authority                     | CUSIP: 64985SGG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $509132.65    | 3.08%             | 2055-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                 | New York State Dormitory Authority                     | CUSIP: 64985SKB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $511093.75    | 3.09%             | 2055-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                 | New York State Dormitory Authority                     | CUSIP: 64990KFX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $770486.48    | 4.66%             | 2052-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York State Housing Finance Agency              | New York State Housing Finance Agency                  | CUSIP: 64987JG70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $189808.74    | 1.15%             | 2048-11-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| New York State Housing Finance Agency              | New York State Housing Finance Agency                  | CUSIP: 64987JN98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $173156.00    | 1.05%             | 2053-11-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp           | New York Transportation Development Corp               | CUSIP: 650116BZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $48643.86     | 0.29%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp           | New York Transportation Development Corp               | CUSIP: 650116CZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $98395.25     | 0.59%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp           | New York Transportation Development Corp               | CUSIP: 650116DA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $43420.27     | 0.26%             | 2045-10-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp           | New York Transportation Development Corp               | CUSIP: 650116DX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $169055.36    | 1.02%             | 2042-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp           | New York Transportation Development Corp               | CUSIP: 650116GY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101622.23    | 0.61%             | 2054-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp           | New York Transportation Development Corp               | CUSIP: 650116HW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $290301.72    | 1.75%             | 2060-12-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp           | New York Transportation Development Corp               | CUSIP: 650116HX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $120775.18    | 0.73%             | 2054-12-31      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Oneida County Local Development Corp               | Oneida County Local Development Corp                   | CUSIP: 682440CL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $15089.79     | 0.09%             | 2044-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Onondaga Civic Development Corp                    | Onondaga Civic Development Corp                        | CUSIP: 682832DB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $37748.28     | 0.23%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Onondaga Civic Development Corp                    | Onondaga Civic Development Corp                        | CUSIP: 682832LL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $632408.76    | 3.82%             | 2056-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW YORK & NEW JE                     | Port Authority of New York & New Jersey                | CUSIP: 73358XHF2<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    500000 | PA      | $497913.00    | 3.01%             | 2052-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey            | Port Authority of New York & New Jersey                | CUSIP: 73358XFS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102102.81    | 0.62%             | 2052-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Rev | Puerto Rico Sales Tax Financing Corp Sales Tax Rev     | CUSIP: 74529JRK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     12000 | PA      | $10313.75     | 0.06%             | 2053-07-01      | Fixed         | 4.54%                 | 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        |    700000 | PA      | $618009.63    | 3.73%             | 2058-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR                     | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue | CUSIP: 74529JQH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $143999.00    | 0.87%             | 2051-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Suffolk Regional Off-Track Betting Corp            | Suffolk Regional Off-Track Betting Corp                | CUSIP: 86480TAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $763140.98    | 4.61%             | 2053-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates     | Tender Option Bond Trust Receipts/Certificates         | CUSIP: 88035RCM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $304702.63    | 1.84%             | 2050-05-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Tompkins County Development Corp                   | Tompkins County Development Corp                       | CUSIP: 890090AL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150100.73    | 0.91%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tompkins County Development Corp                   | Tompkins County Development Corp                       | CUSIP: 890090AM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $88259.69     | 0.53%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Westchester County Local Development Corp          | Westchester County Local Development Corp              | CUSIP: 95737TER3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $510589.82    | 3.09%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-29

**Name of Applicant:** Tidal Trust III

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer/Principal Financial Officer