# EDGAR Filing Document

**Accession Number:** 0001537140
**File Stem:** 0001752724-23-047701
**Filing Date:** 2023-2
**Character Count:** 11099
**Document Hash:** c655b5117f2e929125b3f801e65869e6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-047701.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-047701

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20230331

**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:** 23685843

**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

### The Teberg Fund (Series ID: S000043255)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000133836 | The Teberg Fund | TEBRX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **THE TEBERG FUND** | **THE TEBERG FUND** | **THE TEBERG FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **December 31, 2022** | **December 31, 2022** | **December 31, 2022** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 9.5%** |  |
|  | **INSURANCE - 9.5%** |  |
| 6 | Berkshire Hathaway, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $2812266 |
|  | **TOTAL COMMON STOCKS (Cost $714,296)** | &nbsp;&nbsp; 2812266 |
|  | **EXCHANGE-TRADED FUNDS — 83.2%** |  |
|  | **EQUITY - 83.2%** |  |
| 37625 | Financial Select Sector SPDR Fund | &nbsp;&nbsp;&nbsp; 1286775 |
| 17400 | Invesco QQQ Trust Series 1 | &nbsp;&nbsp;&nbsp; 4633272 |
| 22549 | iShares Core S&P Small-Cap ETF | &nbsp;&nbsp;&nbsp; 2134037 |
| 8674 | iShares Russell 2000 ETF | &nbsp;&nbsp;&nbsp; 1512399 |
| 7850 | iShares Semiconductor ETF | &nbsp;&nbsp;&nbsp; 2731643 |
| 11400 | SPDR Dow Jones Industrial Average ETF Trust | &nbsp;&nbsp;&nbsp; 3777162 |
| 9800 | SPDR S&P 500 ETF Trust | &nbsp;&nbsp;&nbsp; 3747814 |
| 750 | SPDR S&P MidCap 400 ETF Trust | &nbsp;&nbsp;&nbsp; 332093 |
| 22500 | VanEck Semiconductor ETF | &nbsp;&nbsp;&nbsp; 4566150 |
|  |  | &nbsp;&nbsp; 24721345 |
|  | **TOTAL EXCHANGE-TRADED FUNDS (Cost $13,069,564)** | &nbsp;&nbsp; 24721345 |
|  | **OPEN END FUNDS — 6.9%** |  |
|  | **EQUITY - 3.9%** |  |
| 24788 | Fidelity Low-Priced Stock Fund | &nbsp;&nbsp;&nbsp; 1144956 |
|  | **FIXED INCOME - 3.0%** |  |
| 396385 | Franklin Income Fund, Advisor Class | &nbsp;&nbsp;&nbsp; 891867 |
| 42 | John Hancock High Yield Fund, Class I | &nbsp;&nbsp;&nbsp; 120 |
| 117 | PIMCO High Yield Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 882 |
|  |  | &nbsp;&nbsp; 892869 |
|  | **TOTAL OPEN END FUNDS (Cost $1,988,731)** | &nbsp;&nbsp; 2037825 |

---

---

| | | |
|:---|:---|:---|
| **THE TEBERG FUND** | **THE TEBERG FUND** | **THE TEBERG FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **December 31, 2022** | **December 31, 2022** | **December 31, 2022** |
| **Shares** |  | **Fair Value** |
|  | **SHORT-TERM INVESTMENTS — 0.5%** |  |
|  | **MONEY MARKET FUNDS - 0.5%** |  |
| 155917 | STIT - Government & Agency Portfolio, Institutional Class, 4.21% (Cost $155,917)<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $155917 |
|  | **TOTAL INVESTMENTS - 100.1% (Cost $15,928,508)** | &nbsp;&nbsp;&nbsp; $29727353 |
|  | **LIABILITIES IN EXCESS OF OTHER ASSETS - (0.1)%** | &nbsp;&nbsp; (29058) |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $29698295 |

---

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

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

## 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:** Teberg Fund

- **b. EDGAR series identifier (if any):** S000043255

- **c. LEI of Series:** 549300RVYFVVDBENB284

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

- **a. Date of fiscal year-end:** 2023-03-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $29838627.19

**Total Liabilities:** $140332.64

**Net Assets:** $29698294.55

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000133836 | 7.25%                | 8.70%                | -6.77%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-46956.58               | $2084279.85                                |
| Month 2  | $0.00                    | $2613952.25                                |
| Month 3  | $-2421.02                | $-2266440.80                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Ishares Trust                   | ISHARES SEMICOND          | CUSIP: 464287523<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      7850 | NS      | $2731643.00   | 9.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr              | FINANCIAL SELECT SECTOR S | CUSIP: 81369Y605<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |     37625 | NS      | $1286775.00   | 4.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Pimco Fds Pacific Invt Mgmt Ser | PIMCO-H/Y-INS             | CUSIP: 693390841<br>LEI: BX5VU78PO9CRQUP4YH86 | Long             | EC               | RF                | US        |       117 | NS      | $882.37       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Trust                   | ISHARES CORE S&P SMALL-CA | CUSIP: 464287804<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     22549 | NS      | $2134037.36   | 7.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Spdr S&P 500 Etf Trust          | SPDR S&P 500 ETF          | CUSIP: 78462F103<br>LEI: 549300NZAMSJ8FXPQQ63 | Long             | EC               | RF                | US        |      9800 | NS      | $3747814.00   | 12.62%            |  |  |  | No            |                  1 | On Loan: No      |
| Short-Term Invts T              | STIT GV&A-INS             | CUSIP: 825252885<br>LEI: 549300UJV6OHYATSFU27 | Long             | STIV             | RF                | US        |    155917 | PA      | $155916.85    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Trust                   | ISHARES RUSSELL 2000 ETF  | CUSIP: 464287655<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      8674 | NS      | $1512398.64   | 5.09%             |  |  |  | No            |                  1 | On Loan: No      |
| VanEck ETF Trust                | VANECK SEMICONDU          | CUSIP: 92189F676<br>LEI: 549300ZLFKNTXC51ZN76 | Long             | EC               | RF                | US        |     22500 | NS      | $4566150.00   | 15.38%            |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Custodian Funds        | FRNK-INCOME-ADV           | CUSIP: 353496847<br>LEI: 549300PYEMTLTOE2MK86 | Long             | EC               | RF                | US        |    396385 | NS      | $891866.85    | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc.         | BERKSHIRE HATH-A          | CUSIP: 084670108<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |         6 | NS      | $2812266.00   | 9.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Spdr Dow Jones Ind              | SPDR DJIA TRUST           | CUSIP: 78467X109<br>LEI: 54930039F2SG3UG2OZ18 | Long             | EC               | RF                | US        |     11400 | NS      | $3777162.00   | 12.72%            |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Puritan                | FID-LOW PR STK            | CUSIP: 316345305<br>LEI: WDA1I420M36T9HTVU696 | Long             | EC               | RF                | US        |     24788 | NS      | $1144956.29   | 3.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Spdr S&P Midcap 400 Etf Trust   | SPDR S&P MIDCAP 400 ETF T | CUSIP: 78467Y107<br>LEI: N/A                  | Long             | EC               | RF                | US        |       750 | NS      | $332092.50    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Qqq Trust               | INVESCO QQQ TRUST SERIES  | CUSIP: 46090E103<br>LEI: 549300VY6FEJBCIMET58 | Long             | EC               | RF                | US        |     17400 | NS      | $4633272.00   | 15.60%            |  |  |  | No            |                  1 | On Loan: No      |
| Hancock John Bond               | JH-HI YLD-I               | CUSIP: 41014P763<br>LEI: 549300W140NGXK4IM085 | Long             | EC               | RF                | US        |        42 | NS      | $119.68       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-27

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

**Signature:** Brian Curley

**Name of Signer:** Brian Curley

**Title:** Treasurer