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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GLOBALFOUNDRIES Inc</name>
        <lei>549300BA76VK784VMX48</lei>
        <title>GLOBALFOUNDRIES Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG393871085"/>
          <ticker value="GFS"/>
        </identifiers>
        <balance>27087</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>904434.93</valUSD>
        <pctVal>2.245141157727707</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hewlett Packard Enterprise Co</name>
        <lei>549300BX44RGX6ANDV88</lei>
        <title>Hewlett Packard Enterprise Co</title>
        <cusip>42824C109</cusip>
        <identifiers>
          <isin value="US42824C1099"/>
          <ticker value="HPE"/>
        </identifiers>
        <balance>9681</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>218500.17</valUSD>
        <pctVal>0.5423980303784827</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hygon Information Technology Co Ltd</name>
        <lei>N/A</lei>
        <title>Hygon Information Technology Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100005PT2"/>
          <ticker value="688041 C1"/>
        </identifiers>
        <balance>19296</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.13275"/>
        <valUSD>526228.72</valUSD>
        <pctVal>1.3062938177878305</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IEIT Systems Co Ltd</name>
        <lei>3003002K6ZLEBRGRI729</lei>
        <title>IEIT Systems Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE0000012M2"/>
          <ticker value="000977"/>
        </identifiers>
        <balance>64800</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.13275"/>
        <valUSD>610048.02</valUSD>
        <pctVal>1.5143642427568509</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Intel Corp</name>
        <lei>KNX4USFCNGPY45LOCE31</lei>
        <title>Intel Corp</title>
        <cusip>458140100</cusip>
        <identifiers>
          <isin value="US4581401001"/>
          <ticker value="INTC"/>
        </identifiers>
        <balance>56286</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1370564.1</valUSD>
        <pctVal>3.4022457206667513</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kehua Data Co Ltd</name>
        <lei>N/A</lei>
        <title>Kehua Data Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000K31"/>
          <ticker value="002335 C2"/>
        </identifiers>
        <balance>37623</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.13275"/>
        <valUSD>304929.46</valUSD>
        <pctVal>0.7569474133973182</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Legrand SA</name>
        <lei>969500XXRPGD7HCAFA90</lei>
        <title>Legrand SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0010307819"/>
          <ticker value="LR"/>
        </identifiers>
        <balance>9831</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85434"/>
        <valUSD>1497077.39</valUSD>
        <pctVal>3.7162983793566813</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Marvell Technology Inc</name>
        <lei>N/A</lei>
        <title>Marvell Technology Inc</title>
        <cusip>573874104</cusip>
        <identifiers>
          <isin value="US5738741041"/>
          <ticker value="MRVL"/>
        </identifiers>
        <balance>16917</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1063487.21</valUSD>
        <pctVal>2.6399675937858893</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Micron Technology Inc</name>
        <lei>B3DXGBC8GAIYWI2Z0172</lei>
        <title>Micron Technology Inc</title>
        <cusip>595112103</cusip>
        <identifiers>
          <isin value="US5951121038"/>
          <ticker value="MU"/>
        </identifiers>
        <balance>14425</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1716719.25</valUSD>
        <pctVal>4.261530505504073</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Montage Technology Co Ltd</name>
        <lei>N/A</lei>
        <title>Montage Technology Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100003MN7"/>
          <ticker value="688008"/>
        </identifiers>
        <balance>39340</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.13275"/>
        <valUSD>677843.19</valUSD>
        <pctVal>1.6826568654910774</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nanya Technology Corp</name>
        <lei>254900STKVKJBRRO0835</lei>
        <title>Nanya Technology Corp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002408002"/>
          <ticker value="2408"/>
        </identifiers>
        <balance>199612</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.5695"/>
        <valUSD>306899.49</valUSD>
        <pctVal>0.7618377546349773</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Navitas Semiconductor Corp</name>
        <lei>N/A</lei>
        <title>Navitas Semiconductor Corp</title>
        <cusip>63942X106</cusip>
        <identifiers>
          <isin value="US63942X1063"/>
          <ticker value="NVTS"/>
        </identifiers>
        <balance>112899</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>661588.14</valUSD>
        <pctVal>1.6423058346259585</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NetApp Inc</name>
        <lei>QTX3D84DZDD5JYOCYH15</lei>
        <title>NetApp Inc</title>
        <cusip>64110D104</cusip>
        <identifiers>
          <isin value="US64110D1046"/>
          <ticker value="NTAP"/>
        </identifiers>
        <balance>1219</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>137491.01</valUSD>
        <pctVal>0.3413034095980258</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEXTDC Ltd</name>
        <lei>529900RTERU3X7G3D672</lei>
        <title>NEXTDC Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000NXT8"/>
          <ticker value="NXT"/>
        </identifiers>
        <balance>118592</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.52788"/>
        <valUSD>1280707.91</valUSD>
        <pctVal>3.1791895076060714</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nokia Oyj</name>
        <lei>N/A</lei>
        <title>Nokia Oyj</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FI0009000681"/>
          <ticker value="NOKIA FP"/>
        </identifiers>
        <balance>47821</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85434"/>
        <valUSD>205313.37</valUSD>
        <pctVal>0.5096635279431071</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nutanix Inc</name>
        <lei>549300X7J6E8TKVIXW09</lei>
        <title>Nutanix Inc</title>
        <cusip>67059N108</cusip>
        <identifiers>
          <isin value="US67059N1081"/>
          <ticker value="NTNX"/>
        </identifiers>
        <balance>17195</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1155675.95</valUSD>
        <pctVal>2.8688140564640374</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NVIDIA Corp</name>
        <lei>549300S4KLFTLO7GSQ80</lei>
        <title>NVIDIA Corp</title>
        <cusip>67066G104</cusip>
        <identifiers>
          <isin value="US67066G1040"/>
          <ticker value="NVDA"/>
        </identifiers>
        <balance>11404</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1986348.72</valUSD>
        <pctVal>4.9308503209531604</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Palo Alto Networks Inc</name>
        <lei>549300QXR2YVZV231H43</lei>
        <title>Palo Alto Networks Inc</title>
        <cusip>697435105</cusip>
        <identifiers>
          <isin value="US6974351057"/>
          <ticker value="PANW"/>
        </identifiers>
        <balance>1973</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>375895.96</valUSD>
        <pctVal>0.9331124471492581</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Penguin Solutions Inc</name>
        <lei>254900DVWIPOY3GJ8E23</lei>
        <title>Penguin Solutions Inc</title>
        <cusip>706915105</cusip>
        <identifiers>
          <isin value="US7069151055"/>
          <ticker value="PENG"/>
        </identifiers>
        <balance>13468</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>324982.84</valUSD>
        <pctVal>0.8067273005911417</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pure Storage Inc</name>
        <lei>549300NPDB0BZTK3WO90</lei>
        <title>Pure Storage Inc</title>
        <cusip>74624M102</cusip>
        <identifiers>
          <isin value="US74624M1027"/>
          <ticker value="PSTG"/>
        </identifiers>
        <balance>5566</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>431977.26</valUSD>
        <pctVal>1.072326923097102</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Quanta Computer Inc</name>
        <lei>529900DE8BIV3XOXIK04</lei>
        <title>Quanta Computer Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002382009"/>
          <ticker value="2382"/>
        </identifiers>
        <balance>38811</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.5695"/>
        <valUSD>333269.68</valUSD>
        <pctVal>0.8272982946277213</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Seagate Technology Holdings PL</name>
        <lei>635400RUXIFEZSRU8X70</lei>
        <title>Seagate Technology Holdings PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IE00BKVD2N49"/>
          <ticker value="STX"/>
        </identifiers>
        <balance>4700</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>786780</valUSD>
        <pctVal>1.9530782165578293</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Silicon Motion Technology Corp</name>
        <lei>5299005RBVBZQJTYFC89</lei>
        <title>Silicon Motion Technology Corp</title>
        <cusip>82706C108</cusip>
        <identifiers>
          <isin value="US82706C1080"/>
          <ticker value="SIMO"/>
        </identifiers>
        <balance>15223</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1212968.64</valUSD>
        <pctVal>3.011035649294308</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SK Hynix Inc</name>
        <lei>988400XAIK6XISWQV045</lei>
        <title>SK Hynix Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7000660001"/>
          <ticker value="000660"/>
        </identifiers>
        <balance>9593</balance>
        <units>NS</units>
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        <valUSD>1856153.21</valUSD>
        <pctVal>4.607657033789484</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Super Micro Computer Inc</name>
        <lei>54930022CZO1N2UGVW07</lei>
        <title>Super Micro Computer Inc</title>
        <cusip>86800U302</cusip>
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          <isin value="US86800U3023"/>
          <ticker value="SMCI"/>
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        <curCd>USD</curCd>
        <valUSD>464707.98</valUSD>
        <pctVal>1.1535766450578198</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Taiwan Semiconductor Co Ltd</name>
        <lei>N/A</lei>
        <title>Taiwan Semiconductor Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0005425003"/>
          <ticker value="5425 TT"/>
        </identifiers>
        <balance>110464</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.5695"/>
        <valUSD>185374.42</valUSD>
        <pctVal>0.4601676982244618</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TD SYNNEX Corp</name>
        <lei>5493004HI6PFLF46NS53</lei>
        <title>TD SYNNEX Corp</title>
        <cusip>87162W100</cusip>
        <identifiers>
          <isin value="US87162W1009"/>
          <ticker value="SNX"/>
        </identifiers>
        <balance>2558</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>378763.06</valUSD>
        <pctVal>0.9402296470713365</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Transcend Information Inc</name>
        <lei>N/A</lei>
        <title>Transcend Information Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002451002"/>
          <ticker value="2451"/>
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        <balance>75104</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.5695"/>
        <valUSD>248139.62</valUSD>
        <pctVal>0.6159740797769866</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TSMC</name>
        <lei>549300KB6NK5SBD14S87</lei>
        <title>Taiwan Semiconductor Manufacturing Co Ltd</title>
        <cusip>874039100</cusip>
        <identifiers>
          <isin value="US8740391003"/>
          <ticker value="TSM"/>
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        <balance>7975</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1841188.25</valUSD>
        <pctVal>4.570508482240564</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vertiv Holdings Co</name>
        <lei>549300KTTIRAOGXCRV69</lei>
        <title>Vertiv Holdings Co</title>
        <cusip>92537N108</cusip>
        <identifiers>
          <isin value="US92537N1081"/>
          <ticker value="VRT"/>
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        <balance>13422</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1711976.1</valUSD>
        <pctVal>4.249756257375161</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vicor Corp</name>
        <lei>5299005KMQOTR6B51F09</lei>
        <title>Vicor Corp</title>
        <cusip>925815102</cusip>
        <identifiers>
          <isin value="US9258151029"/>
          <ticker value="VICR"/>
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        <balance>13653</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>697804.83</valUSD>
        <pctVal>1.7322090201604505</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Western Digital Corp</name>
        <lei>549300QQXOOYEF89IC56</lei>
        <title>Western Digital Corp</title>
        <cusip>958102105</cusip>
        <identifiers>
          <isin value="US9581021055"/>
          <ticker value="WDC"/>
        </identifiers>
        <balance>4462</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>358477.08</valUSD>
        <pctVal>0.8898723608674068</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zscaler Inc</name>
        <lei>529900MZ0RTK1BWRNF46</lei>
        <title>Zscaler Inc</title>
        <cusip>98980G102</cusip>
        <identifiers>
          <isin value="US98980G1022"/>
          <ticker value="ZS"/>
        </identifiers>
        <balance>742</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>205571.1</valUSD>
        <pctVal>0.5103033088840987</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-10-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Tidal Trust III</ncom:nameOfApplicant>
      <ncom:signature>/s/ Aaron Perkovich</ncom:signature>
      <ncom:signerName>Aaron Perkovich</ncom:signerName>
      <ncom:title>Treasurer/Principal Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
