I've got it! The perfect replacement shield for the Charmer's Merlin.
So SE doesn't want to give us a shield with sic/ready -5 because they want us to choose between a gimped axe or a shield. So let's work around it!
DEF 50
ACC +25
ATT +25
Damage Taken -5
Fencer +2
That sounds good for an iLvl shield.