0001752724-24-045694.txt : 20240228 0001752724-24-045694.hdr.sgml : 20240228 20240228124630 ACCESSION NUMBER: 0001752724-24-045694 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240228 DATE AS OF CHANGE: 20240228 PERIOD START: 20240930 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NORTHERN LIGHTS FUND TRUST III CENTRAL INDEX KEY: 0001537140 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-22655 FILM NUMBER: 24692658 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 S000051216 Absolute Capital Defender Fund C000161387 Absolute Capital Defender Fund Class A Shares ACMAX C000161388 Absolute Capital Defender Fund Institutional Class Shares ACMIX C000161389 Absolute Capital Defender Fund Investor Class Shares ACMDX NPORT-P 1 primary_doc.xml NPORT-P false 0001537140 XXXXXXXX S000051216 C000161388 C000161389 C000161387 NORTHERN LIGHTS FUND TRUST III 811-22655 0001537140 549300PPUECJSQFBYV98 225 PICTORIA DRIVE SUITE 450 CINCINNATI 45246 631-470-2600 Absolute Capital Defender Fund S000051216 5493001IKPBKJOOLYY67 2024-09-30 2023-12-31 N 27090508.08 51764.04 27038744.04 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 USD N United States Treasury Bills 254900HROIFWPRGM1V77 B 02/01/24 912797GE1 2500000.00000000 PA USD 2488717.29000000 9.204263653364 Long DBT UST US N 2 2024-02-01 Fixed 0.00000000 N N N N N N Ishares Trust 5493000860OXIC4B5K91 ISHARES U.S. HOME CONSTRU 464288752 1000.00000000 NS USD 101730.00000000 0.376237889783 Long EC RF US N 1 N N N Spdr Series Trust 5493004JVD6CQEEJSS37 SPDR-SP1500 VAL 78464A128 5000.00000000 NS USD 801400.00000000 2.963895064114 Long EC RF US N 1 N N N Palo Alto Networks Inc 549300QXR2YVZV231H43 PALO ALTO NETWOR 697435105 2400.00000000 NS USD 707712.00000000 2.617399680077 Long EC CORP US N 1 N N N Vanguard World Fds 549300MP6BT0L4Q61L10 VANGUARD COMMUNICATION SE 92204A884 10000.00000000 NS USD 1177243.00000000 4.353911550989 Long EC RF US N 1 N N N Schwab Strategic Trust 549300NAZEQOIX80E226 SCHW FUNDAM L/C 808524771 28500.00000000 NS USD 1765290.00000000 6.528742597616 Long EC RF US N 1 N N N First American Funds Inc. 549300J5J5SJCZ9IA369 FRST AM-GV OB-X 31846V336 621160.76000000 PA USD 621160.76000000 2.297298865217 Long STIV RF US N 1 N N N United States Treasury Bills 254900HROIFWPRGM1V77 B 05/23/24 912797HR1 2800000.00000000 PA USD 2743730.39000000 10.14740324454 Long DBT UST US N 2 2024-05-23 Fixed 0.00000000 N N N N N N McDonald's Corporation UE2136O97NLB5BYP9H04 MCDONALDS CORP 580135101 2000.00000000 NS USD 593020.00000000 2.193223173098 Long EC CORP US N 1 N N N Ishares Trust 5493000860OXIC4B5K91 ISHARES IBONDS24 46435U184 31100.00000000 NS USD 721831.00000000 2.669617342181 Long EC RF US N 1 N N N Invesco Exchange Traded Fund Trust II O540V2L4S174Y60FMD36 INVESCO S&P 500 REV ETF 46138G698 22800.00000000 NS USD 1945752.00000000 7.196162651347 Long EC RF US N 1 N N N Vanguard World Fds 549300MP6BT0L4Q61L10 VANGUARD INDUSTRIALS ETF 92204A603 3600.00000000 NS USD 793548.00000000 2.934855253727 Long EC RF US N 1 N N N Arista Networks Inc 635400H1WKBLOQERUU95 ARISTA NETWORKS 040413106 500.00000000 NS USD 117755.00000000 0.435504695875 Long EC CORP US N 1 N N N Select Sector Spdr Trust 5493008JJKIPMEX3CO91 INDUSTRIAL SELECT SECT SP 81369Y704 8200.00000000 NS USD 934718.00000000 3.456957906836 Long EC RF US N 1 N N N United States Treasury Bills 254900HROIFWPRGM1V77 B 03/05/24 912797JG3 2000000.00000000 PA USD 1981827.12000000 7.329582753800 Long DBT UST US N 2 2024-03-05 Fixed 0.00000000 N N N N N N Vanguard Index Funds 549300G6KNDK44WUN559 VANGUARD TOTAL STOCK MKT 922908769 6700.00000000 NS USD 1589374.00000000 5.878135454992 Long EC RF US N 1 N N N Spdr Series Trust 5493004JVD6CQEEJSS37 SPDR PORTFOLIO LARGE CAP 78464A854 11200.00000000 NS USD 626080.00000000 2.315492165885 Long EC RF US N 1 N N N Select Sector Spdr Trust 5493008JJKIPMEX3CO91 REAL ESTATE SELECT SECT S 81369Y860 2600.00000000 NS USD 104156.00000000 0.385210200022 Long EC RF US N 1 N N N Invesco QQQ Trust 549300VY6FEJBCIMET58 INVESCO QQQ TRUST SERIES 46090E103 4500.00000000 NS USD 1842840.00000000 6.815553256740 Long EC RF US N 1 N N N Invesco Exchange Traded Fd Tr QPT4TMG79RF3UWNU0R52 INVESCO BUILDING 46137V779 1600.00000000 NS USD 100992.00000000 0.373508473065 Long EC RF US N 1 N N N UnitedHealth Group Inc. 549300GHBMY8T5GXDE41 UNITEDHEALTH GRP 91324P102 1300.00000000 NS USD 684411.00000000 2.531223340061 Long EC CORP US N 1 N N N United States Treasury Bills 254900HROIFWPRGM1V77 B 01/02/24 912797HX8 2700000.00000000 PA USD 2699605.31000000 9.984211197111 Long DBT UST US N 2 2024-01-02 Fixed 0.00000000 N N N N N N Paccar Inc KDTEY8BWE486IKZ3CC07 PACCAR INC 693718108 1100.00000000 NS USD 107415.00000000 0.397263274659 Long EC CORP US N 1 N N N H B Fuller Company JSMX3Z5FOYM8V0Q52357 HB FULLER CO 359694106 1300.00000000 NS USD 105833.00000000 0.391412411180 Long EC CORP US N 1 N N N Ishares Trust 5493000860OXIC4B5K91 ISHARES IBONDS D 46434VBG4 9500.00000000 NS USD 236645.00000000 0.875207071933 Long EC RF US N 1 N N N Fidelity Covington Trust 549300JFYFTF85QAQR28 FIDELITY LOW VOL 316092824 16200.00000000 NS USD 858114.00000000 3.173645930929 Long EC RF US N 1 N N N Select Sector Spdr Trust 5493008JJKIPMEX3CO91 TECHNOLOGY SELECT SECT SP 81369Y803 2100.00000000 NS USD 404208.00000000 1.494921507456 Long EC RF US N 1 N N N Vanguard World Fds 549300MP6BT0L4Q61L10 VANGUARD HEALTH CARE ETF 92204A504 800.00000000 NS USD 200560.00000000 0.741750429322 Long EC RF US N 1 N N N 2024-01-26 NORTHERN LIGHTS FUND TRUST III Rich Gleason Rich Gleason Treasurer XXXX NPORT-EX 2 absolutenport.htm ABSOLUTE EX

 

ABSOLUTE CAPITAL ASSET ALLOCATOR FUND
SCHEDULE OF INVESTMENTS (Unaudited)
December 31, 2023
 
Shares             Fair Value
    COMMON STOCKS — 11.7%      
    CHEMICALS - 0.5%      
2,500   HB Fuller Company       $ 203,525
             
    HEALTH CARE FACILITIES & SERVICES - 1.9%      
1,500   UnitedHealth Group, Inc.         789,705
             
    INTERNET MEDIA & SERVICES - 2.5%      
16,900   Uber Technologies, Inc.(a)         1,040,533
             
    LEISURE FACILITIES & SERVICES - 2.7%      
2,600   McDonald's Corporation         770,926
2,800   Yum! Brands, Inc.         365,848
             

1,136,774

    SOFTWARE - 3.1%      
4,500   Palo Alto Networks, Inc.(a)         1,326,960
             
    TECHNOLOGY HARDWARE - 0.5%      
900   Arista Networks, Inc.(a)         211,959
             
    TRANSPORTATION EQUIPMENT - 0.5%      
2,100   PACCAR, Inc.         205,065
             
    TOTAL COMMON STOCKS (Cost $4,163,685)    

  4,914,521

               
    EXCHANGE-TRADED FUNDS — 67.2%      
    EQUITY - 67.2%      
14,500   Fidelity Low Volatility Factor ETF         768,065
19,800   Industrial Select Sector SPDR Fund         2,257,002
1,900   Invesco Building & Construction ETF         119,928
7,100   Invesco QQQ Trust Series 1         2,907,592
41,600   Invesco S&P 500 Revenue ETF         3,550,144
22,600   iShares Cybersecurity and Tech ETF         1,026,718
1,200   iShares U.S. Home Construction ETF         122,076
 
 

 

ABSOLUTE CAPITAL ASSET ALLOCATOR FUND
SCHEDULE OF INVESTMENTS (Unaudited)(Continued)
December 31, 2023
 
Shares             Fair Value
    EXCHANGE-TRADED FUNDS — 67.2% (Continued)      
    EQUITY - 67.2% (Continued)      
3,100   Real Estate Select Sector SPDR Fund       $ 124,186
50,000   Schwab Fundamental U.S. Large Company Index ETF         3,097,000
30,500   SPDR Portfolio S&P 500 ETF         1,704,950
14,600   SPDR S&P 1500 Value Tilt ETF         2,340,088
5,000   SPDR SSGA U.S. Large Cap Low Volatility Index ETF         725,050
6,000   Technology Select Sector SPDR Fund         1,154,880
15,300   Vanguard Communication Services ETF         1,801,182
4,000   Vanguard Health Care ETF         1,002,800
7,300   Vanguard Industrials ETF         1,609,139
13,000   Vanguard Total Stock Market ETF         3,083,860
7,100   Vanguard U.S. Multifactor ETF         815,407
    TOTAL EXCHANGE-TRADED FUNDS (Cost $25,720,552)        

28,210,067

               
Principal Amount ($)         Yield Rate (%) Maturity  
    SHORT-TERM INVESTMENTS — 21.2%      
    U.S. TREASURY BILLS — 19.2%      
2,800,000   United States Treasury Bill   2.67 01/02/24   2,799,591  
2,700,000   United States Treasury Bill   5.17 02/01/24   2,687,817  
2,600,000   United States Treasury Bill   5.15 03/05/24   2,576,375  
              8,063,783  
Shares            
    MONEY MARKET FUND - 2.0%      
832,117   First American Government Obligations Fund, Class X, 5.29%(b)         832,117
 

 

 

 TOTAL SHORT-TERM INVESTMENTS (Cost $8,895,369)    

  8,895,900

             
    TOTAL INVESTMENTS - 100.1% (Cost $38,779,606)     $ 42,020,488
    LIABILITIES IN EXCESS OF OTHER ASSETS - (0.1)%    

(45,364)

    NET ASSETS - 100.0%        

$ 41,975,124

           
                       

 

ETF  - Exchange-Traded Fund
SPDR  - Standard & Poor's Depositary Receipt
 

 

 

 

(a) Non-income producing security.
(b) Rate disclosed is the seven day effective yield as of December 31, 2023.

 

 
 

ABSOLUTE CAPITAL DEFENDER FUND
SCHEDULE OF INVESTMENTS (Unaudited)
December 31, 2023
 
Shares             Fair Value
    COMMON STOCKS — 8.6%      
    CHEMICALS - 0.4%      
1,300   HB Fuller Company       $ 105,833
             
    HEALTH CARE FACILITIES & SERVICES - 2.5%      
1,300   UnitedHealth Group, Inc.         684,411
             
    LEISURE FACILITIES & SERVICES - 2.2%      
2,000   McDonald's Corporation         593,020
             
    SOFTWARE - 2.6%      
2,400   Palo Alto Networks, Inc.(a)         707,712
             
    TECHNOLOGY HARDWARE - 0.5%      
500   Arista Networks, Inc.(a)         117,755
             
    TRANSPORTATION EQUIPMENT - 0.4%      
1,100   PACCAR, Inc.         107,415
             
               
    TOTAL COMMON STOCKS (Cost $2,023,035)    

  2,316,146

               
    EXCHANGE-TRADED FUNDS — 52.5%      
    EQUITY - 49.0%      
16,200   Fidelity Low Volatility Factor ETF         858,114
8,200   Industrial Select Sector SPDR Fund         934,718
1,600   Invesco Building & Construction ETF         100,992
4,500   Invesco QQQ Trust Series 1         1,842,840
22,800   Invesco S&P 500 Revenue ETF         1,945,752
1,000   iShares U.S. Home Construction ETF         101,730
2,600   Real Estate Select Sector SPDR Fund         104,156
28,500   Schwab Fundamental U.S. Large Company Index ETF         1,765,290
11,200   SPDR Portfolio S&P 500 ETF         626,080
5,000   SPDR S&P 1500 Value Tilt ETF         801,400
2,100   Technology Select Sector SPDR Fund         404,208
 
 

 

ABSOLUTE CAPITAL DEFENDER FUND
SCHEDULE OF INVESTMENTS (Unaudited)(Continued)
December 31, 2023
 
Shares             Fair Value
    EXCHANGE-TRADED FUNDS — 52.5% (Continued)      
    EQUITY - 49.0% (Continued)      
10,000   Vanguard Communication Services ETF       $ 1,177,243
800   Vanguard Health Care ETF         200,560
3,600   Vanguard Industrials ETF         793,548
6,700   Vanguard Total Stock Market ETF         1,589,374
             

13,246,005

    FIXED INCOME - 3.5%      
31,100   iShares iBonds 2024 Term High Yield and Income ETF         721,831
9,500   iShares iBonds Dec 2024 Term Corporate ETF         236,645
             

958,476

               
    TOTAL EXCHANGE-TRADED FUNDS (Cost $13,131,976)    

  14,204,481

Principal Amount ($)         Yield Rate (%) Maturity  
    SHORT-TERM INVESTMENTS — 39.0%      
    U.S. TREASURY BILLS — 36.7%      
2,700,000   United States Treasury Bill   2.67 01/02/24   2,699,605
2,500,000   United States Treasury Bill   5.17 02/01/24   2,488,717
2,000,000   United States Treasury Bill   5.15 03/05/24   1,981,827
2,800,000   United States Treasury Bill   5.20 05/23/24   2,743,731
              9,913,880
Shares            
    MONEY MARKET FUND - 2.3%      
621,161   First American Government Obligations Fund, Class X, 5.29%(b)         621,161
   

 

 

TOTAL SHORT-TERM INVESTMENTS (Cost $10,533,756)

    

  10,535,041

             
   

 

TOTAL INVESTMENTS - 100.1% (Cost $25,688,767)

     $ 27,055,668
    LIABILITIES IN EXCESS OF OTHER ASSETS - (0.1)%    

(16,924)

    NET ASSETS - 100.0%        

$ 27,038,744

                   

 

 

 

ETF  - Exchange-Traded Fund
SPDR  - Standard & Poor's Depositary Receipt
 

 

 

 

(a) Non-income producing security.
(b) Rate disclosed is the seven day effective yield as of December 31, 2023.