Tidal Trust III - VistaShares Target 15 ACKtivist Distribution ETF

Tidal Trust III - VistaShares Target 15 ACKtivist Distribution ETF is an exchange traded fund launched and managed by Tidal Investments LLC. It invests in public equity and fixed income markets of the United States. The fund seeks to invest through derivatives in stocks of companies operating across investment management sectors. The fund uses derivatives such as options to create its portfolio. For its equity portion, the fund invests in growth and value stocks of companies across diversified market capitalization. For its fixed income portion, it invests in short-term U.S. Treasury securities. The fund seeks to benchmark the performance of its portfolio against the BITA VistaShares ACKtivist Select Index. Tidal Trust III - VistaShares Target 15 ACKtivist Distribution ETF was formed on September 9, 2025 and is domiciled in the United States.