INCB — VistaShares Shield™ Diversified Income Enhanced Protection ETF

INCB Fund Overview

INCB — VistaShares Shield™ Diversified Income Enhanced Protection ETF is a US ETF managed by Tidal Trust III, categorised as Emerging Markets Value 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: Emerging Markets Value Equity
• Ticker: INCB
• SEC CIK: 0001722388
• SEC series ID: S000106819
• Share class ID: C000277705

INCB Investment Objective and Strategy

VistaShares Shield™ Diversified Income Enhanced Protection ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Tidal Trust III.

Investment objective

The VistaShares Shield Diversified Income Enhanced Protection ETF (the “Fund”) seeks current income and capital appreciation.

Principal investment strategy

The Fund is an actively managed exchange-traded fund (“ETF”) that seeks to provide current income, with a target annual distribution rate of 5% to 8%, paid on a monthly basis, while seeking to provide capital appreciation with a measure of downside protection through a flexible, options-based investment strategy. The Fund’s portfolio securities are selected by the Fund’s sub-adviser, VistaShares Advisors LLC (the “Sub-Adviser”). The Fund employs an income-oriented buffer strategy designed to generate consistent monthly distributions while providing exposure to high income sectors with partial protection against market declines. Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in investments that provide exposure to the performance of a portfolio of underlying exchange-traded funds (the “Underlying ETFs”) that track sectors of the market the provide significant income such as utilities, real estate and high yield bonds.

The Fund expects to obtain exposure to securities of non-U.S. issuers, including issuers in developed and emerging markets, through options that reference U.S.-listed Underlying ETFs that invest in or otherwise provide exposure to such issuers. The Fund seeks to provide investors with: ● Monthly Distributions . The Fund seeks to generate a target annual option income level of approximately 5% to 8%, distributed monthly. ● Buffered Downside Exposure . The Fund seeks to provide a buffer against a portion of losses of the Underlying ETFs over time. Although the Fund initially expects to use periods of one to three months, the Sub-Adviser may use shorter or longer periods when it believes doing so is in the Fund’s best interests. When establishing an options position, the Sub-Adviser will select the period based on then-current market conditions, including the cost and availability of options, volatility and option skew.

When the position expires, the Sub-Adviser may establis

INCB Costs and Fees

INCB costs about $89 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.89%
• Gross expense ratio: 0.89%

INCB Debt Constituents

No individual debt constituents are reported in VistaShares Shield™ Diversified Income Enhanced Protection ETF's latest SEC N-PORT filing.

INCB Prospectus and SEC Filings

Official VistaShares Shield™ Diversified Income Enhanced Protection ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2026-09-09

Related Funds

Other Emerging Markets Value Equity funds tracked on ABC INVEST:

• iShares Emerging Markets Dividend ETF (DVYE)
• SPDR® S&P® Emerging Markets Dividend ETF (EDIV)
• Cambria Emerging Shareholder Yield ETF (EYLD)
• Fidelity Emerging Markets Multifactor ETF (FDEM)
• VictoryShares Emerging Markets Value Momentum ETF (UEVM)

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.