SMLB — VistaShares Shield™ US Small Cap Enhanced Protection ETF

Data updated: 2026-09-09

SMLB — VistaShares Shield™ US Small Cap Enhanced Protection ETF. United States Small Cap Blend / Core Equity. Holdings, fees, performance and SEC filings.

SMLB Fund Overview

SMLB — VistaShares Shield™ US Small Cap Enhanced Protection ETF is a US ETF managed by Tidal Trust III, categorised as United States Small Cap Blend / Core 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: United States Small Cap Blend / Core Equity
  • Ticker: SMLB
  • SEC CIK: 0001722388
  • SEC series ID: S000106823
  • Share class ID: C000277709

SMLB Investment Objective and Strategy

VistaShares Shield™ US Small Cap 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 US Small Cap Enhanced Protection ETF (the “Fund”) seeks capital appreciation.

Principal investment strategy

The Fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by delivering participation in the price return of a broad U.S. small cap equity market index, while seeking to provide a measure of downside protection through a flexible, options-based investment strategy. The Fund does so through synthetic net long exposure in the underlying asset class(es) through call options that seek to provide limited participation in increases and decreases in the price returns of the underlying securities. The Fund’s portfolio securities are selected by the Fund’s sub-adviser, VistaShares Advisors LLC (the “Sub-Adviser”). The Fund employs a flexible outcome strategy designed to provide investors with equity market exposure while incorporating a dynamic downside risk management overlay.

Unlike traditional defined outcome strategies that seek to produce pre-determined outcomes over a fixed period, the Fund’s strategy is continuous and adaptive and does not rely on a single, fixed outcome period to achieve its investment objective. 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 broad-based index of small-capitalization U.S. equity securities (the “Index”), including investments that reference an underlying exchange-traded fund (the “Underlying ETF”). Initially, the Fund expects to obtain such exposure through the iShares Russell 2000 ETF (“IWM”). The Sub-Adviser selects the Underlying ETF based on its ability to provide exposure to the small-cap U.S.

equity market represented by the Index and may select a different Underlying ETF over time if it determines that a different ETF would provide substantially similar exposure to such market and would be appropriate for implementing the Fund’s options strategy. The Fund seeks to provide investors with: ● Upside Participation . The Fund is designed to

SMLB Costs and Fees

SMLB costs about $79 per $10,000 invested per year in fund expenses.

  • Net expense ratio: 0.79%
  • Gross expense ratio: 0.79%

SMLB Debt Constituents

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

SMLB Prospectus and SEC Filings

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

Related Funds

Other United States Small Cap Blend / Core Equity funds tracked on ABC INVEST:

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.