0001752724-23-043092.txt : 20230227 0001752724-23-043092.hdr.sgml : 20230227 20230227152303 ACCESSION NUMBER: 0001752724-23-043092 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20221231 FILED AS OF DATE: 20230227 DATE AS OF CHANGE: 20230227 PERIOD START: 20230930 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NORTHERN LIGHTS FUND TRUST III CENTRAL INDEX KEY: 0001537140 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-22655 FILM NUMBER: 23674030 BUSINESS ADDRESS: STREET 1: 225 PICTORIA DRIVE STREET 2: SUITE 450 CITY: CINCINNATI STATE: OH ZIP: 45246 BUSINESS PHONE: 631-470-2621 MAIL ADDRESS: STREET 1: 17605 WRIGHT STREET CITY: OMAHA STATE: NE ZIP: 68130 0001537140 S000051215 Absolute Capital Asset Allocator Fund C000161384 Absolute Capital Asset Allocator Fund Class A Shares AAMAX C000161385 Absolute Capital Asset Allocator Fund Institutional Class Shares AAMIX C000161386 Absolute Capital Asset Allocator Fund Investor Class Shares AAMCX NPORT-P 1 primary_doc.xml NPORT-P false 0001537140 XXXXXXXX S000051215 C000161385 C000161386 C000161384 NORTHERN LIGHTS FUND TRUST III 811-22655 0001537140 549300PPUECJSQFBYV98 225 PICTORIA DRIVE SUITE 450 CINCINNATI 45246 631-470-2600 Absolute Capital Asset Allocator Fund S000051215 549300L34GZUOZ57RI73 2023-09-30 2022-12-31 N 30095252.05 75608.09 30019643.96 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 N Vanguard World Fds 549300MP6BT0L4Q61L10 VANGUARD INFO TECH ETF 92204A702 1000.00000000 NS USD 319410.00000000 1.064003292063 Long EC RF US N 1 N N N YUM Brands Inc 549300JE8XHZZ7OHN517 YUM! BRANDS INC 988498101 1400.00000000 NS USD 179312.00000000 0.597315545244 Long EC CORP US N 1 N N N Visa Inc 549300JZ4OKEHW3DPJ59 VISA INC-CLASS A 92826C839 1100.00000000 NS USD 228536.00000000 0.761288176183 Long EC CORP US N 1 N N N Vanguard/Wellingtn 549300X1E8M3H6XRMS84 VNGRD MULTI ETF 921935607 14100.00000000 NS USD 1393559.40000000 4.642158320921 Long EC RF US N 1 N N N Vanguard Whitehall Funds 5493006QD7VQBS2FQD13 VANGUARD HIGH DVD YIELD E 921946406 9400.00000000 NS USD 1017174.00000000 3.388361305534 Long EC RF US N 1 N N N Ishares Trust 5493002YECWEEITPWL97 BLACKROCK ULTRA 46434V878 22000.00000000 NS USD 1100880.00000000 3.667198723165 Long EC RF US N 1 N N N Spdr Gold Trust N/A SPDR GOLD SHARES 78463V107 4300.00000000 NS USD 729452.00000000 2.429915561197 Long EC RF US N 1 N N N Ishares Trust 5493000860OXIC4B5K91 ISHARES US INFRA 46435U713 12200.00000000 NS USD 442372.00000000 1.473608416507 Long EC RF US N 1 N N N Oracle Corporation 1Z4GXXU7ZHVWFCD8TV52 ORACLE CORP 68389X105 2800.00000000 NS USD 228872.00000000 0.762407443289 Long EC CORP US N 1 N N N Invesco Exchange Traded Fund Trust II O540V2L4S174Y60FMD36 INVESCO S&P 500 LOW VOLAT 46138E354 15000.00000000 NS USD 958500.00000000 3.192909287255 Long EC RF US N 1 N N N Vanguard World Fds 549300MP6BT0L4Q61L10 VANGUARD HEALTH CARE ETF 92204A504 7100.00000000 NS USD 1761155.00000000 5.866675175583 Long EC RF US N 1 N N N Mondelez International, Inc. 549300DV9GIB88LZ5P30 MONDELEZ INTER-A 609207105 3100.00000000 NS USD 206615.00000000 0.688265991013 Long EC CORP US N 1 N N N Yum China Holdings Inc 529900DO9BYZ7VA3K502 YUM CHINA HOLDINGS INC 98850P109 3300.00000000 NS USD 180345.00000000 0.600756625362 Long EC CORP US N 1 N N N Select Sector Spdr 5493008JJKIPMEX3CO91 TECHNOLOGY SELECT SECT SP 81369Y803 6000.00000000 NS USD 746640.00000000 2.487171403481 Long EC RF US N 1 N N N Select Sector Spdr 5493008JJKIPMEX3CO91 HEALTH CARE SELECT SECTOR 81369Y209 5300.00000000 NS USD 720005.00000000 2.398446167314 Long EC RF US N 1 N N N Ishares Trust 5493000860OXIC4B5K91 ISHARES IBONDS D 46434VAX8 11600.00000000 NS USD 290348.00000000 0.967193349750 Long EC RF US N 1 N N N Ishares Trust 5493000860OXIC4B5K91 ISHARES MSCI USA 46429B697 27200.00000000 NS USD 1961120.00000000 6.532789005136 Long EC RF US N 1 N N N Pepsico Inc FJSUNZKFNQ5YPJ5OT455 PEPSICO INC 713448108 3300.00000000 NS USD 596178.00000000 1.985959596304 Long EC CORP US N 1 N N N FIRST AMERN FDS INC 549300J5J5SJCZ9IA369 FRST AM-GV OB-X 31846V336 2401363.88000000 PA USD 2401363.88000000 7.999308330237 Long STIV RF US N 1 N N N Spdr Series Trust 5493004JVD6CQEEJSS37 SPDR PORT SHRT TRM CORP B 78464A474 35000.00000000 NS USD 1028300.00000000 3.425423703792 Long EC RF US N 1 N N N Cintas Corporation N/A CINTAS CORP 172908105 800.00000000 NS USD 361296.00000000 1.203531928897 Long EC CORP US N 1 N N N Alphabet Inc. 5493006MHB84DD0ZWV18 ALPHABET INC-C 02079K107 3000.00000000 NS USD 266190.00000000 0.886719377334 Long EC CORP US N 1 N N N McDonald's Corporation UE2136O97NLB5BYP9H04 MCDONALDS CORP 580135101 1200.00000000 NS USD 316236.00000000 1.053430215299 Long EC CORP US N 1 N N N The Charles Schwab Corporation 549300VSGCJ7E698NM85 SCHWAB (CHARLES) 808513105 2100.00000000 NS USD 174846.00000000 0.582438619968 Long EC CORP US N 1 N N N Invesco Exchange Traded Fund Trust II O540V2L4S174Y60FMD36 INVESCO S&P 500 REV ETF 46138G698 22300.00000000 NS USD 1648862.00000000 5.492610112888 Long EC RF US N 1 N N N Select Sector Spdr 5493008JJKIPMEX3CO91 INDUSTRIAL SELECT SECT SP 81369Y704 9200.00000000 NS USD 903532.00000000 3.009802518657 Long EC RF US N 1 N N N Palo Alto Networks Inc 549300QXR2YVZV231H43 PALO ALTO NETWOR 697435105 1300.00000000 NS USD 181402.00000000 0.604277653131 Long EC CORP US N 1 N N N UnitedHealth Group Inc. 549300GHBMY8T5GXDE41 UNITEDHEALTH GRP 91324P102 900.00000000 NS USD 477162.00000000 1.589499198044 Long EC CORP US N 1 N N N Vanguard Index Fds 549300G6KNDK44WUN559 VANGUARD S&P 500 ETF 922908363 2600.00000000 NS USD 913484.00000000 3.042954144350 Long EC RF US N 1 N N N Select Sector Spdr 5493008JJKIPMEX3CO91 MATERIALS SELECT SECTOR S 81369Y100 6500.00000000 NS USD 504920.00000000 1.681965318019 Long EC RF US N 1 N N N Ishares Trust 5493000860OXIC4B5K91 ISHARES FLOATING RATE BON 46429B655 13000.00000000 NS USD 654290.00000000 2.179539507103 Long EC RF US N 1 N N N Invesco Exchange Traded Fd Tr QPT4TMG79RF3UWNU0R52 INVESCO S&P 500 EQUAL WEI 46137V373 6500.00000000 NS USD 1108315.00000000 3.691965839024 Long EC RF US N 1 N N N Select Sector Spdr 5493008JJKIPMEX3CO91 FINANCIAL SELECT SECTOR S 81369Y605 6300.00000000 NS USD 215460.00000000 0.717730031332 Long EC RF US N 1 N N N Ishares Trust 5493000860OXIC4B5K91 ISHARES IBONDS23 46435U150 77500.00000000 NS USD 1818925.00000000 6.059115832365 Long EC RF US N 1 N N N Constellation Brands, Inc. 5493005GKEG8QCVY7037 CONSTELLATION-A 21036P108 900.00000000 NS USD 208575.00000000 0.694795049128 Long EC CORP US N 1 N N N Vanguard Index Fds 549300G6KNDK44WUN559 VANGUARD TOTAL STOCK MKT 922908769 3600.00000000 NS USD 688284.00000000 2.292778691569 Long EC RF US N 1 N N N Ishares Trust 5493000860OXIC4B5K91 ISHARES CYBER-TC 46435U135 45100.00000000 NS USD 1489202.00000000 4.960758368701 Long EC RF US N 1 N N N McCormick & Company, Incorporated 549300JQQA6MQ4OJP259 MCCORMICK-N/V 579780206 1800.00000000 NS USD 149202.00000000 0.497014555531 Long EC CORP US N 1 N N N Microsoft Corporation INR2EJN1ERAN0W5ZP974 MICROSOFT CORP 594918104 6200.00000000 NS USD 1486884.00000000 4.953036758134 Long EC CORP US N 1 N N N 2023-01-27 NORTHERN LIGHTS FUND TRUST III Brian Curley Brian Curley Treasurer XXXX NPORT-EX 2 absolute_nport.htm ABSOLUTE PART F

 

ABSOLUTE CAPITAL ASSET ALLOCATOR FUND
SCHEDULE OF INVESTMENTS (Unaudited)
December 31, 2022
 
Shares             Fair Value
    COMMON STOCKS — 17.5%      
    ASSET MANAGEMENT - 0.6%      
2,100   Charles Schwab Corporation (The)       $ 174,846
             
 
    BEVERAGES - 2.7%      
900   Constellation Brands, Inc., Class A         208,575
3,300   PepsiCo, Inc.         596,178
             

804,753

    COMMERCIAL SUPPORT SERVICES - 1.2%      
800   Cintas Corporation         361,296
             
 
    FOOD - 1.2%      
1,800   McCormick & Company, Inc.         149,202
3,100   Mondelez International, Inc., Class A         206,615
             

355,817

    HEALTH CARE FACILITIES & SERVICES - 1.6%      
900   UnitedHealth Group, Inc.         477,162
             
 
    INTERNET MEDIA & SERVICES - 0.9%      
3,000   Alphabet, Inc., Class C(a)         266,190
             
 
    LEISURE FACILITIES & SERVICES - 2.2%      
1,200   McDonald's Corporation         316,236
3,300   Yum China Holdings, Inc.         180,345
1,400   Yum! Brands, Inc.         179,312
             

675,893

    SOFTWARE - 6.3%      
6,200   Microsoft Corporation         1,486,884
2,800   Oracle Corporation         228,872
1,300   Palo Alto Networks, Inc.(a)         181,402
             

1,897,158

             
 
 
 

 

ABSOLUTE CAPITAL ASSET ALLOCATOR FUND
SCHEDULE OF INVESTMENTS (Unaudited)(Continued)
December 31, 2022
 
Shares             Fair Value
    COMMON STOCKS — 17.5% (Continued)      
    TECHNOLOGY SERVICES - 0.8%      
1,100   Visa, Inc., Class A       $  228,536
               
    TOTAL COMMON STOCKS (Cost $5,651,066)    

5,241,651

               
    EXCHANGE-TRADED FUNDS — 74.6%      
    COMMODITY - 2.4%      
4,300   SPDR Gold Shares(a)         729,452
             
 
    EQUITY - 55.9%      
6,300   Financial Select Sector SPDR Fund         215,460
5,300   Health Care Select Sector SPDR Fund         720,005
9,200   Industrial Select Sector SPDR Fund         903,532
6,500   Invesco S&P 500 Equal Weight Consumer Staples ETF         1,108,315
15,000   Invesco S&P 500 Low Volatility ETF         958,500
22,300   Invesco S&P 500 Revenue ETF         1,648,862
45,100   iShares Cybersecurity and Tech ETF         1,489,202
27,200   iShares MSCI USA Minimum Volatility Factor ETF         1,961,120
12,200   iShares US Infrastructure ETF         442,372
6,500   Materials Select Sector SPDR Fund         504,920
6,000   Technology Select Sector SPDR Fund         746,640
7,100   Vanguard Health Care ETF         1,761,155
9,400   Vanguard High Dividend Yield ETF         1,017,174
1,000   Vanguard Information Technology ETF         319,410
2,600   Vanguard S&P 500 ETF         913,484
3,600   Vanguard Total Stock Market ETF         688,284
14,100   Vanguard US Multifactor ETF         1,393,559
             

16,791,994

    FIXED INCOME - 16.3%      
22,000   BlackRock Ultra Short-Term Bond ETF         1,100,880
13,000   iShares Floating Rate Bond ETF         654,290
77,500   iShares iBonds 2023 Term High Yield and Income ETF         1,818,925
 
 

 

ABSOLUTE CAPITAL ASSET ALLOCATOR FUND
SCHEDULE OF INVESTMENTS (Unaudited)(Continued)
December 31, 2022
 
Shares             Fair Value
    EXCHANGE-TRADED FUNDS — 74.6% (Continued)      
    FIXED INCOME - 16.3% (Continued)      
11,600   iShares iBonds December 2023 Term Corporate ETF       $  290,348
35,000   SPDR Portfolio Short Term Corporate Bond ETF         1,028,300
             

4,892,743

               
    TOTAL EXCHANGE-TRADED FUNDS (Cost $22,972,607)    

22,414,189

               
    SHORT-TERM INVESTMENT — 8.0%      
    MONEY MARKET FUND - 8.0%      
2,401,364   First American Government Obligations Fund, Class X, 4.10% (Cost $2,401,364)(b)         2,401,364
             
 
    TOTAL INVESTMENTS - 100.1% (Cost $31,025,037)     $ 30,057,204
    LIABILITIES IN EXCESS OF OTHER ASSETS - (0.1)%    

(37,560)

    NET ASSETS - 100.0%        

$ 30,019,644

           
                 

 

ETF  - Exchange-Traded Fund
MSCI  - Morgan Stanley Capital International
SPDR  - Standard & Poor's Depositary Receipt
   
 

 

 

(a) Non-income producing security.
(b) Rate disclosed is the seven day effective yield as of December 31, 2022.

 

 

 

 

 
 

 

 

ABSOLUTE CAPITAL DEFENDER FUND
SCHEDULE OF INVESTMENTS (Unaudited)
December 31, 2022
 
Shares             Fair Value
    COMMON STOCKS — 14.2%      
    ASSET MANAGEMENT - 0.6%      
1,600   Charles Schwab Corporation (The)       $ 133,216
             
 
    BEVERAGES - 3.0%      
600   Constellation Brands, Inc., Class A         139,050
3,100   PepsiCo, Inc.         560,046
             

699,096

    COMMERCIAL SUPPORT SERVICES - 0.6%      
300   Cintas Corporation         135,486
             
 
    FOOD - 1.1%      
1,300   McCormick & Company, Inc.         107,757
2,100   Mondelez International, Inc., Class A         139,965
             

247,722

    HEALTH CARE FACILITIES & SERVICES - 1.6%      
700   UnitedHealth Group, Inc.         371,126
             
 
    LEISURE FACILITIES & SERVICES - 2.3%      
1,000   McDonald's Corporation         263,530
2,500   Yum China Holdings, Inc.         136,625
1,100   Yum! Brands, Inc.         140,888
             

541,043

    SOFTWARE - 4.5%      
3,400   Microsoft Corporation         815,388
1,600   Oracle Corporation         130,784
700   Palo Alto Networks, Inc.(a)         97,678
             

1,043,850

    TECHNOLOGY SERVICES - 0.5%      
600   Visa, Inc., Class A         124,656
             
 
    TOTAL COMMON STOCKS (Cost $3,455,034)    

  3,296,195

               
 
 

 

ABSOLUTE CAPITAL DEFENDER FUND
SCHEDULE OF INVESTMENTS (Unaudited)(Continued)
December 31, 2022
 
Shares             Fair Value
    EXCHANGE-TRADED FUNDS — 61.8%      
    COMMODITY - 2.9%      
4,000   SPDR Gold Shares(a)       $ 678,560
             
 
    EQUITY - 37.2%      
2,600   Health Care Select Sector SPDR Fund         353,210
2,400   Industrial Select Sector SPDR Fund         235,704
4,600   Invesco S&P 500 Equal Weight Consumer Staples ETF         784,346
9,000   Invesco S&P 500 Low Volatility ETF         575,100
15,500   Invesco S&P 500 Revenue ETF         1,146,070
16,000   iShares Cybersecurity and Tech ETF         528,320
19,500   iShares MSCI USA Minimum Volatility Factor ETF         1,405,950
11,200   iShares US Infrastructure ETF         406,112
3,800   Materials Select Sector SPDR Fund         295,184
2,100   Technology Select Sector SPDR Fund         261,324
2,600   Vanguard Health Care ETF         644,930
3,700   Vanguard High Dividend Yield ETF         400,377
800   Vanguard Information Technology ETF         255,528
1,100   Vanguard S&P 500 ETF         386,474
900   Vanguard Total Stock Market ETF         172,071
8,000   Vanguard US Multifactor ETF         790,672
             

8,641,372

    FIXED INCOME - 21.7%      
20,000   BlackRock Ultra Short-Term Bond ETF         1,000,800
17,800   iShares Floating Rate Bond ETF         895,874
61,000   iShares iBonds 2023 Term High Yield and Income ETF         1,431,670
24,000   iShares iBonds December 2023 Term Corporate ETF         600,720
37,500   SPDR Portfolio Short Term Corporate Bond ETF         1,101,750
             

5,030,814

               
    TOTAL EXCHANGE-TRADED FUNDS (Cost $14,514,581)    

  14,350,746

               
 
 

 

ABSOLUTE CAPITAL DEFENDER FUND
SCHEDULE OF INVESTMENTS (Unaudited)(Continued)
December 31, 2022
 
Shares             Fair Value
    SHORT-TERM INVESTMENT — 24.0%      
    MONEY MARKET FUND - 24.0%      
5,577,576   First American Government Obligations Fundm Class X, 4.10% (Cost $5,577,576)(b)       $ 5,577,576
             
 
    TOTAL INVESTMENTS - 100.0% (Cost $23,547,191)     $ 23,224,517
    LIABILITIES IN EXCESS OF OTHER ASSETS – (0.0)%(c)    

(4,519)

    NET ASSETS - 100.0%        

$ 23,219,998

           
                 

 

ETF  - Exchange-Traded Fund
MSCI  - Morgan Stanley Capital International
SPDR  - Standard & Poor's Depositary Receipt
   
 

 

 

(a) Non-income producing security.
(b) Rate disclosed is the seven day effective yield as of December 31, 2022.
(c) Represents less than 0.05%.