# EDGAR Filing Document

**Accession Number:** 0001537140
**File Stem:** 0000910472-25-000334
**Filing Date:** 2025-8
**Character Count:** 32394
**Document Hash:** c8dff77f1258d2801e3feb6173f8ec4d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-000334.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0000910472-25-000334

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**PERIOD START**: 20250630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NORTHERN LIGHTS FUND TRUST III
- **CENTRAL INDEX KEY:** 0001537140

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22655
- **FILM NUMBER:** 251269055

**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

## Series and Classes Contracts Data

### Swan Enhanced Dividend Income ETF (Series ID: S000083429)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000247041 | Swan Enhanced Dividend Income ETF | SCLZ            |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** NORTHERN LIGHTS FUND TRUST III

- **b. Investment Company Act file number:** 811-22655

- **c. CIK number of Registrant:** 0001537140

- **d. LEI of Registrant:** 549300PPUECJSQFBYV98

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 225 PICTORIA DRIVE

  - **City:** CINCINNATI

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

  - **Telephone number:** 631-470-2600

**Item A.2. Information about the Series.**

- **a. Name of Series:** Swan Enhanced Dividend Income ETF

- **b. EDGAR series identifier (if any):** S000083429

- **c. LEI of Series:** 5299001DE2UBOG6ZFJ48

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-06-30

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $13720003.68

**Total Liabilities:** $512710.72

**Net Assets:** $13207292.96

**Cash Not Reported:** $122060.33

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000247041 | -0.82%               | 2.24%                | 1.95%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-18.62                  | $-57151.22                                 |
| Month 2  | $163472.17               | $351035.21                                 |
| Month 3  | $384530.84               | $-11601.35                                 |

**Designated Index Information**

- **Index Name:** CBOE S&P 500 Buywrite Index (Close Price)

- **Index Identifier:** BXM-USD

### Schedule of Portfolio Investments

| Name                                 | Title                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A                                  | ITW US 09/19/25 C260   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -7 | NC      | $-2730.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Texas Instruments Incorporated       | TEXAS INSTRUMENT       | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |      1217 | NS      | $252673.54    | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                   | ALTRIA GROUP INC       | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |      3252 | NS      | $190664.76    | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corporation         | GENERAL DYNAMICS       | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |       667 | NS      | $194537.22    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | CTAS US 07/18/25 C220  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -8 | NC      | $-6312.29     | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Pepsico Inc                          | PEPSICO INC            | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      1545 | NS      | $204001.80    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                 | JPMORGAN CHASE         | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      1689 | NS      | $489657.99    | 3.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co (The)                   | COCA-COLA CO/THE       | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |      3929 | NS      | $277976.75    | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | LLY US 08/15/25 C820   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -5 | NC      | $-15224.79    | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | MO US 09/19/25 C62.5   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -32 | NC      | $-2716.24     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| The Procter & Gamble Co.             | PROCTER & GAMBLE       | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |      1883 | NS      | $299999.56    | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | OTIS US 08/15/25 C105  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -16 | NC      | $-1488.84     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | MDLZ US 09/19/25 C70   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -27 | NC      | $-4683.18     | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Intuit Inc                           | INTUIT INC             | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |       354 | NS      | $278821.02    | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                      | CATERPILLAR INC        | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |       670 | NS      | $260100.70    | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | AON US 08/15/25 C370   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -4 | NC      | $-2829.28     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Cognizant Technology Solutions Corp. | COGNIZANT TECH-A       | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |      2072 | NS      | $161678.16    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | PM US 08/15/25 C195    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -15 | NC      | $-4201.97     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | AVGO US 07/18/25 C250  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -25 | NC      | $-68988.37    | -0.52%            |  |  |  | No            |                  2 | On Loan: No      |
| Cintas Corporation                   | CINTAS CORP            | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       840 | NS      | $187210.80    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | DE US 09/19/25 C550    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -4 | NC      | $-4542.46     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Marsh & McLennan Companies, Inc.     | MARSH & MCLENNAN       | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |       829 | NS      | $181252.56    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | ADP US 08/15/25 C320   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -6 | NC      | $-2774.60     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Broadcom Inc                         | BROADCOM INC           | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      2536 | NS      | $699048.40    | 5.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                    | JOHNSON&JOHNSON        | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      1942 | NS      | $296640.50    | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing, Inc.      | AUTOMATIC DATA         | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |       648 | NS      | $199843.20    | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International, Inc.         | MONDELEZ INTER-A       | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |      2773 | NS      | $187011.12    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | JPM US 07/18/25 C285   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -16 | NC      | $-14797.22    | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | PEP US 08/15/25 C140   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -15 | NC      | $-3523.08     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | MSFT US 08/15/25 C480  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -15 | NC      | $-43351.37    | -0.33%            |  |  |  | No            |                  2 | On Loan: No      |
| MasterCard Incorporated              | MASTERCARD INC-A       | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |       596 | NS      | $334916.24    | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Hershey Co. (The)                    | HERSHEY CO/THE         | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |       896 | NS      | $148691.20    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Paccar Inc                           | PACCAR INC             | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |      1737 | NS      | $165119.22    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | AAPL US 08/15/25 C210  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -29 | NC      | $-19544.27    | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | GOOGL US 08/15/25 C175 | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -40 | NC      | $-39210.77    | -0.30%            |  |  |  | No            |                  2 | On Loan: No      |
| Snap-On Incorporated                 | SNAP-ON INC            | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               | CORP              | US        |       489 | NS      | $152167.02    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | MRK US 08/15/25 C85    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -29 | NC      | $-4549.42     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| TE Connectivity PLC                  | TE CONNECTIVITY        | CUSIP: G87052109<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |      1146 | NS      | $193295.82    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corporation                 | AMPHENOL CORP-A        | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |      2725 | NS      | $269093.75    | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | UNH US 07/18/25 C320   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -7 | NC      | $-3686.02     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Starbucks Corp.                      | STARBUCKS CORP         | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |      1929 | NS      | $176754.27    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Cboe Global Markets Inc              | CBOE GLOBAL MARK       | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |       734 | NS      | $171176.14    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | CTSH US 09/19/25 C85   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -20 | NC      | $-2336.63     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| McDonald's Corp.                     | MCDONALDS CORP         | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |       779 | NS      | $227600.43    | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | GD US 08/15/25 C290    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -6 | NC      | $-5504.94     | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Accenture PLC                        | ACCENTURE PLC-A        | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |       677 | NS      | $202348.53    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                      | ELI LILLY & CO         | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |       562 | NS      | $438095.86    | 3.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis Inc.                          | ZOETIS INC             | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |      1083 | NS      | $168893.85    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | APH US 09/19/25 C90    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -27 | NC      | $-32078.26    | -0.24%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | ZTS US 09/19/25 C170   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-3101.60     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | HSY US 08/15/25 C180   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -8 | NC      | $-1542.04     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | ACN US 09/19/25 C310   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -6 | NC      | $-4854.97     | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | TXN US 08/15/25 C210   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -12 | NC      | $-9296.80     | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | CSCO US 08/15/25 C67.5 | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -41 | NC      | $-14343.86    | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| Otis Worldwide Corp.                 | OTIS WORLDWI           | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |      1693 | NS      | $167640.86    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | KO US 09/19/25 C77.5   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -39 | NC      | $-1662.21     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Cisco Systems, Inc.                  | CISCO SYSTEMS          | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |      4134 | NS      | $286816.92    | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | V US 08/15/25 C360     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-9874.40     | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | ORCL US 08/15/25 C200  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -16 | NC      | $-37776.00    | -0.29%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | JNJ US 08/15/25 C160   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -19 | NC      | $-2621.47     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Apple Inc.                           | APPLE INC              | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      2962 | NS      | $607713.54    | 4.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc.                      | HOME DEPOT INC         | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |       826 | NS      | $302844.64    | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Yum! Brands Inc.                     | YUM! BRANDS INC        | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |      1111 | NS      | $164627.98    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | HON US 07/18/25 C230   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -9 | NC      | $-4990.06     | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | CBOE US 08/15/25 C240  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -7 | NC      | $-3368.53     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | LMT US 08/15/25 C500   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -4 | NC      | $-2210.91     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Visa Inc                             | VISA INC-CLASS A       | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      1078 | NS      | $382743.90    | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| The TJX Companies Inc.               | TJX COS INC            | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |      1679 | NS      | $207339.71    | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc.         | HONEYWELL INTL         | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |       954 | NS      | $222167.52    | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | MSCI US 08/15/25 C600  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -2 | NC      | $-2740.04     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.     | PHILIP MORRIS IN       | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |      1554 | NS      | $283030.02    | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works Inc.             | ILLINOIS TOOL WO       | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |       714 | NS      | $176536.50    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | ABT US 08/15/25 C145   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -18 | NC      | $-2229.27     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | CAT US 08/15/25 C380   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -6 | NC      | $-11784.72    | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| Aon PLC                              | AON PLC-CLASS A        | CUSIP: G0403H108<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | IE        |       471 | NS      | $168033.96    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | PCAR US 08/15/25 C97   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -17 | NC      | $-5447.81     | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | HD US 09/19/25 C390    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -8 | NC      | $-5432.00     | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Alphabet Inc.                        | ALPHABET INC-A         | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      4082 | NS      | $719370.86    | 5.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                  | ABBOTT LABS            | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |      1819 | NS      | $247402.19    | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc.              | UNITEDHEALTH GRP       | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |       757 | NS      | $236161.29    | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corporation          | LOCKHEED MARTIN        | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |       409 | NS      | $189424.26    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                         | ORACLE CORP            | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |      1655 | NS      | $361832.65    | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc.                        | QUALCOMM INC           | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |      1447 | NS      | $230449.22    | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Company                      | DEERE & CO             | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |       439 | NS      | $223227.11    | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                      | MICROSOFT CORP         | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      1588 | NS      | $789887.08    | 5.98%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | INTU US 09/19/25 C800  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -3 | NC      | $-11130.33    | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | SBUX US 07/18/25 C95   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -19 | NC      | $-1924.23     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | YUM US 09/19/25 C150   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -11 | NC      | $-5581.80     | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | QCOM US 08/15/25 C170  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -14 | NC      | $-5685.28     | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| MSCI Inc.                            | MSCI INC               | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |       284 | NS      | $163794.16    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | TEL US 07/18/25 C170   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -11 | NC      | $-3072.90     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Merck & Co., Inc                     | MERCK & CO             | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |      2926 | NS      | $231622.16    | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Paychex Inc                          | PAYCHEX INC            | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |      1133 | NS      | $164806.18    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-28

**Name of Applicant:** NORTHERN LIGHTS FUND TRUST III

**Signature:** Rich Gleason

**Name of Signer:** Rich Gleason

**Title:** Treasurer