AMMO — VistaShares Defense Supercycle ETF

AMMO Fund Overview

AMMO — VistaShares Defense Supercycle ETF is a US ETF managed by Tidal Trust III, categorised as Global (incl. US) Growth Industrials Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: Tidal Trust III
• Category: Global (incl. US) Growth Industrials Equity
• Ticker: AMMO
• SEC CIK: 0001722388
• SEC series ID: S000106361
• Share class ID: C000277215

AMMO Investment Objective and Strategy

VistaShares Defense Supercycle ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Tidal Trust III.

Investment objective

The VistaShares Defense Supercycle ETF seeks long term capital appreciation.

Principal investment strategy

The Fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing in a portfolio of global defense procurement supply chain companies, referred to as “defense supercycle companies” (defined below). The Fund’s portfolio securities are selected by the Fund’s sub-adviser, VistaShares Advisors LLC (the “Sub-Adviser”). The Sub-Adviser seeks to invest the Fund’s assets to achieve returns similar to those of the BITA VistaShares Defense Supercycle Index (the “Index”), which is owned, calculated, administered, and disseminated by BITA GmbH (the “Index Provider”). The Fund, however, does not replicate the Index, as the Fund’s Sub-Adviser exercises investment discretion in constructing the Fund’s portfolio of global defense supercycle companies and actively selects portfolio holdings using the Index and its methodology as an initial baseline for its securities selection.

For example, the Sub-Adviser may buy or sell securities not yet included in or not yet removed from the Index and will engage in such transactions at times other than when the Index is rebalanced or reconstituted. Based on market developments or new information available to the Sub-Adviser regarding existing portfolio securities or emerging defense companies (whether positive or negative), it will adjust or re-allocate portfolio holdings in a manner that deviates from the Index. The Fund may sell portfolio holdings of companies that have experienced negative changes in business circumstances or invest in companies that have recently completed an initial public offering (“IPO”) or experienced other events making them potentially attractive investment opportunities – without regard to the Index’s current composition.

Accordingly, although the Fund’s returns may often be similar to that of the Index, there may be times when the Fund’s holdings and performance deviate significantly from those of the Index. The Sub-Adviser defines a “defense supercycle company

AMMO Costs and Fees

AMMO costs about $75 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.75%
• Gross expense ratio: 0.75%

AMMO Debt Constituents

No individual debt constituents are reported in VistaShares Defense Supercycle ETF's latest SEC N-PORT filing.

AMMO Prospectus and SEC Filings

Official VistaShares Defense Supercycle ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2026-07-10

Related Funds

Related funds tracked on ABC INVEST:

• Fundstrat Granny Shots US Large Cap ETF (GRNY)
• VistaShares Target 15 Berkshire Select Income ETF (OMAH)
• Rockefeller Global Equity ETF (RGEF)
• Rockefeller U.S. Small-Mid Cap ETF (RSMC)
• VistaShares Artificial Intelligence Supercycle ETF (AIS)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.