# EDGAR Filing Document

**Accession Number:** 0001761511
**File Stem:** 0000894189-25-010697
**Filing Date:** 2025-10
**Character Count:** 19500
**Document Hash:** 5c1796cca7e6695b1cf7da1418320029
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-010697.hdr.sgml**: 20251003

**ACCESSION NUMBER**: 0000894189-25-010697

**CONFORMED SUBMISSION TYPE**: N-MFP3

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251003

**DATE AS OF CHANGE**: 20251003

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** North Capital Funds Trust
- **CENTRAL INDEX KEY:** 0001761511

**ORGANIZATION NAME:**
- **EIN:** 832781404
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** N-MFP3
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23404
- **FILM NUMBER:** 251372752

**BUSINESS ADDRESS:**
- **STREET 1:** 623 E FORT UNION BLVD
- **CITY:** SALT LAKE CITY
- **STATE:** UT
- **ZIP:** 84047
- **BUSINESS PHONE:** 888-625-7768

**MAIL ADDRESS:**
- **STREET 1:** 623 E FORT UNION BLVD
- **CITY:** SALT LAKE CITY
- **STATE:** UT
- **ZIP:** 84047

## Series and Classes Contracts Data

### North Capital Treasury Money Market Fund (Series ID: S000064982)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000210425 | Institutional Class Shares | NCGXX           |

# Form N-MFP3: Monthly Schedule of Portfolio Holdings

## N-MFP: Filer Information
**Submission Type:** N-MFP3
**CIK:** 0001761511

### General Information

**Report for (YYYY-MM-DD):** 2025-09-30

**Registrant Full Name:** North Capital Funds Trust

**CIK Number of Registrant:** 0001761511

**LEI of Registrant:** 5493008SK8SZP52ZFU32

**Name of Series:** North Capital Treasury Money Market Fund

**LEI of Series:** 549300YJ7G4PDEJ5M834

**EDGAR Series Identifier:** S000064982

**Total number of share classes in the series:** 1

**Is this the fund's final filing on Form N-MFP?:** No

**Has the fund acquired or merged with another fund?:** No

## Part A: Series-Level Information about the Fund

### Service Providers
| Role                          | Details                                               | File/CIK Number   |
|:---|:---|:---|
| Investment Adviser            | North Capital, Inc.                                   | 801-110598        |
| Independent Public Accountant | Richey May & Co., LLP<br>City: Englewood<br>State: CO |  |
| Administrator                 | U.S. Bancorp Fund Services, LLC                       |  |
| Transfer Agent                | U.S. Bancorp Fund Services, LLC<br>CIK: 0001094770    | 085-11357         |

### Fund Characteristics & Assets

- **Securities Act File Number:** 333-228904

- **Is this a Feeder Fund?:** No

- **Is this a Master Fund?:** No

- **Is this series for insurance company separate accounts?:** No

- **Money Market Fund Category:** Government

- **Is this a Retail Money Market Fund?:** No

- **Is this a Government Money Market Fund?:** Yes

- **WAM:** 33 days

- **WAL:** 33 days

- **Total Value of Portfolio Securities:** $31747372.24

- **Amortized Cost of Portfolio Securities:** $31746988.41

- **Cash:** $58522.37

- **Total Other Assets:** $30086.72

- **Total Liabilities:** $105740.18

- **Net Assets of Series:** $31730241.15

- **Number of Shares Outstanding (Series):** 31730036.5100

- **Does the fund seek to maintain a stable price per share?:** Yes

- **Stable Price Per Share:** $1.00

- **Is cash management vehicle an affiliated fund?:** No

- **Does the fund apply liquidity fees?:** No

### Daily & Weekly Liquid Assets
| Date       | Daily Liquid Assets ($)   | Weekly Liquid Assets ($)   | Daily Liquid Assets (%)   | Weekly Liquid Assets (%)   |
|:---|:---|:---|:---|:---|
| 2025-09-02 | $30191596.02              | $30191596.02               | 99.9000%                  | 99.9000%                   |
| 2025-09-03 | $30149282.35              | $30149282.35               | 99.9000%                  | 99.9000%                   |
| 2025-09-04 | $30100657.39              | $30100657.39               | 99.5000%                  | 99.5000%                   |
| 2025-09-05 | $30111694.87              | $30111694.87               | 99.5000%                  | 99.5000%                   |
| 2025-09-08 | $30805325.62              | $30805325.62               | 99.5000%                  | 99.5000%                   |
| 2025-09-09 | $31068456.33              | $31068456.33               | 99.8000%                  | 99.8000%                   |
| 2025-09-10 | $31122122.76              | $31122122.76               | 99.9000%                  | 99.9000%                   |
| 2025-09-11 | $31004437.49              | $31004437.49               | 89.7000%                  | 89.7000%                   |
| 2025-09-12 | $30995449.40              | $30995449.40               | 89.7000%                  | 89.7000%                   |
| 2025-09-15 | $31203789.73              | $31203789.73               | 89.8000%                  | 89.8000%                   |
| 2025-09-16 | $31190292.35              | $31190292.35               | 95.4000%                  | 95.4000%                   |
| 2025-09-17 | $31186308.31              | $31186308.31               | 95.4000%                  | 95.4000%                   |
| 2025-09-18 | $31216592.11              | $31216592.11               | 81.9000%                  | 81.9000%                   |
| 2025-09-19 | $32248357.70              | $32248357.70               | 82.4000%                  | 82.4000%                   |
| 2025-09-22 | $32318626.56              | $32318626.56               | 82.4000%                  | 82.4000%                   |
| 2025-09-23 | $31882685.61              | $31882685.61               | 98.5000%                  | 98.5000%                   |
| 2025-09-24 | $31867650.97              | $31867650.97               | 98.5000%                  | 98.5000%                   |
| 2025-09-25 | $31871304.82              | $31871304.82               | 80.8000%                  | 80.8000%                   |
| 2025-09-26 | $31880266.31              | $31880266.31               | 80.7000%                  | 80.7000%                   |
| 2025-09-29 | $31842994.93              | $31842994.93               | 80.7000%                  | 80.7000%                   |
| 2025-09-30 | $31805510.78              | $31805510.78               | 99.9000%                  | 99.9000%                   |

### 7-Day Gross Yield
| Date       | 7-Day Gross Yield   |
|:---|:---|
| 2025-09-02 | 4.3200%             |
| 2025-09-03 | 4.3200%             |
| 2025-09-04 | 4.3200%             |
| 2025-09-05 | 4.3100%             |
| 2025-09-08 | 4.3100%             |
| 2025-09-09 | 4.3000%             |
| 2025-09-10 | 4.3000%             |
| 2025-09-11 | 4.3000%             |
| 2025-09-12 | 4.3000%             |
| 2025-09-15 | 4.3000%             |
| 2025-09-16 | 4.3300%             |
| 2025-09-17 | 4.3200%             |
| 2025-09-18 | 4.3200%             |
| 2025-09-19 | 4.3000%             |
| 2025-09-22 | 4.2900%             |
| 2025-09-23 | 4.2500%             |
| 2025-09-24 | 4.2400%             |
| 2025-09-25 | 4.2300%             |
| 2025-09-26 | 4.2000%             |
| 2025-09-29 | 4.1900%             |
| 2025-09-30 | 4.1800%             |

### Daily Net Asset Value per Share (Series)
| Date       | Net Asset Value per Share   |
|:---|:---|
| 2025-09-02 | 1.0000                      |
|  |  |
| 2025-09-03 | 1.0000                      |
|  |  |
| 2025-09-04 | 1.0000                      |
|  |  |
| 2025-09-05 | 1.0001                      |
|  |  |
| 2025-09-08 | 1.0001                      |
|  |  |
| 2025-09-09 | 1.0001                      |
|  |  |
| 2025-09-10 | 1.0001                      |
|  |  |
| 2025-09-11 | 1.0000                      |
|  |  |
| 2025-09-12 | 1.0000                      |
|  |  |
| 2025-09-15 | 1.0000                      |
|  |  |
| 2025-09-16 | 1.0001                      |
|  |  |
| 2025-09-17 | 1.0001                      |
|  |  |
| 2025-09-18 | 1.0000                      |
|  |  |
| 2025-09-19 | 1.0000                      |
|  |  |
| 2025-09-22 | 1.0000                      |
|  |  |
| 2025-09-23 | 1.0000                      |
|  |  |
| 2025-09-24 | 1.0000                      |
|  |  |
| 2025-09-25 | 0.9999                      |
|  |  |
| 2025-09-26 | 1.0000                      |
|  |  |
| 2025-09-29 | 1.0000                      |
|  |  |
| 2025-09-30 | 1.0000                      |
|  |  |

## Part B: Class-Level Information about the Fund

### Class: Institutional Class

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $31730241.15

- **Number of Shares Outstanding:** 31730036.5100

- **Expense Reimbursement/Waiver:** 29998.43

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-09-02 | 1.0000          |
|  |  |
| 2025-09-03 | 1.0000          |
|  |  |
| 2025-09-04 | 1.0000          |
|  |  |
| 2025-09-05 | 1.0001          |
|  |  |
| 2025-09-08 | 1.0001          |
|  |  |
| 2025-09-09 | 1.0001          |
|  |  |
| 2025-09-10 | 1.0001          |
|  |  |
| 2025-09-11 | 1.0000          |
|  |  |
| 2025-09-12 | 1.0000          |
|  |  |
| 2025-09-15 | 1.0000          |
|  |  |
| 2025-09-16 | 1.0001          |
|  |  |
| 2025-09-17 | 1.0001          |
|  |  |
| 2025-09-18 | 1.0000          |
|  |  |
| 2025-09-19 | 1.0000          |
|  |  |
| 2025-09-22 | 1.0000          |
|  |  |
| 2025-09-23 | 1.0000          |
|  |  |
| 2025-09-24 | 1.0000          |
|  |  |
| 2025-09-25 | 0.9999          |
|  |  |
| 2025-09-26 | 1.0000          |
|  |  |
| 2025-09-29 | 1.0000          |
|  |  |
| 2025-09-30 | 1.0000          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-09-02 | $111833.22                | $71969.52               |
| 2025-09-03 | $68000.00                 | $114310.05              |
| 2025-09-04 | $0.00                     | $37833.18               |
| 2025-09-05 | $388.52                   | $2.98                   |
| 2025-09-08 | $690000.00                | $0.00                   |
| 2025-09-09 | $259500.00                | $0.00                   |
| 2025-09-10 | $50000.00                 | $0.00                   |
| 2025-09-11 | $1964.67                  | $147675.00              |
| 2025-09-12 | $0.00                     | $13800.00               |
| 2025-09-15 | $210968.28                | $6300.00                |
| 2025-09-16 | $1500.00                  | $18757.74               |
| 2025-09-17 | $1500.00                  | $9000.00                |
| 2025-09-18 | $36638.00                 | $10000.00               |
| 2025-09-19 | $1071126.28               | $46895.14               |
| 2025-09-22 | $79000.00                 | $12500.00               |
| 2025-09-23 | $60400.00                 | $500015.00              |
| 2025-09-24 | $40000.00                 | $58600.00               |
| 2025-09-25 | $0.00                     | $0.00                   |
| 2025-09-26 | $0.00                     | $2000.00                |
| 2025-09-29 | $0.00                     | $10000.00               |
| 2025-09-30 | $11418.00                 | $52500.00               |

**Total Gross Subscriptions (Month):** $2694236.97

**Total Gross Redemptions (Month):** $1112158.61

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-09-02 | 4.3200%           |
| 2025-09-03 | 4.3200%           |
| 2025-09-04 | 4.3200%           |
| 2025-09-05 | 4.3100%           |
| 2025-09-08 | 4.3100%           |
| 2025-09-09 | 4.3000%           |
| 2025-09-10 | 4.3000%           |
| 2025-09-11 | 4.3000%           |
| 2025-09-12 | 4.3000%           |
| 2025-09-15 | 4.3000%           |
| 2025-09-16 | 4.3300%           |
| 2025-09-17 | 4.3200%           |
| 2025-09-18 | 4.3200%           |
| 2025-09-19 | 4.3000%           |
| 2025-09-22 | 4.2900%           |
| 2025-09-23 | 4.2500%           |
| 2025-09-24 | 4.2400%           |
| 2025-09-25 | 4.2300%           |
| 2025-09-26 | 4.2000%           |
| 2025-09-29 | 4.1900%           |
| 2025-09-30 | 4.1800%           |

**Beneficial/Record Owner Categories**
| Category        | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Broker-dealer   |  | 15.5400%         | 0.0000%              |
| Non-profit      |  | 0.0000%          | 5.0400%              |
| Retail investor |  | 0.0000%          | 28.9000%             |

## Part C: Schedule of Portfolio Securities

### Security 1: United States Treasury

- **C.1 - Title:** United States Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797RP4, C.4 - ISIN: US912797RP47, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $6868311.46
- **C.18.a - Value (excl. sponsor support):** $6868311.46
- **C.19 - Percentage of Net Assets:** 21.6500%
- **C.17 - Yield as of Reporting Date:** 4.0200%
- **C.11 - Maturity Date (WAM):** 2025-11-18
- **C.12 - Maturity Date (WAL):** 2025-11-18
- **C.13 - Final Legal Maturity Date:** 2025-11-18
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 2: United States Treasury

- **C.1 - Title:** United States Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797RC3, C.4 - ISIN: US912797RC34, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $11483245.65
- **C.18.a - Value (excl. sponsor support):** $11483245.65
- **C.19 - Percentage of Net Assets:** 36.1900%
- **C.17 - Yield as of Reporting Date:** 4.2000%
- **C.11 - Maturity Date (WAM):** 2025-10-14
- **C.12 - Maturity Date (WAL):** 2025-10-14
- **C.13 - Final Legal Maturity Date:** 2025-10-14
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 3: United States Treasury

- **C.1 - Title:** United States Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797NA1, C.4 - ISIN: US912797NA14, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $2546677.57
- **C.18.a - Value (excl. sponsor support):** $2546677.57
- **C.19 - Percentage of Net Assets:** 8.0300%
- **C.17 - Yield as of Reporting Date:** 4.0600%
- **C.11 - Maturity Date (WAM):** 2025-10-30
- **C.12 - Maturity Date (WAL):** 2025-10-30
- **C.13 - Final Legal Maturity Date:** 2025-10-30
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 4: United States Treasury

- **C.1 - Title:** United States Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797RD1, C.4 - ISIN: US912797RD17, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $66849.66
- **C.18.a - Value (excl. sponsor support):** $66849.66
- **C.19 - Percentage of Net Assets:** 0.2100%
- **C.17 - Yield as of Reporting Date:** 4.0400%
- **C.11 - Maturity Date (WAM):** 2025-10-21
- **C.12 - Maturity Date (WAL):** 2025-10-21
- **C.13 - Final Legal Maturity Date:** 2025-10-21
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 5: United States Treasury

- **C.1 - Title:** United States Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797QP5, C.4 - ISIN: US912797QP55, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $468111.78
- **C.18.a - Value (excl. sponsor support):** $468111.78
- **C.19 - Percentage of Net Assets:** 1.4800%
- **C.17 - Yield as of Reporting Date:** 4.0700%
- **C.11 - Maturity Date (WAM):** 2025-11-06
- **C.12 - Maturity Date (WAL):** 2025-11-06
- **C.13 - Final Legal Maturity Date:** 2025-11-06
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 6: United States Treasury

- **C.1 - Title:** United States Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797QG5, C.4 - ISIN: US912797QG56, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $289287.12
- **C.18.a - Value (excl. sponsor support):** $289287.12
- **C.19 - Percentage of Net Assets:** 0.9100%
- **C.17 - Yield as of Reporting Date:** 4.0800%
- **C.11 - Maturity Date (WAM):** 2025-10-23
- **C.12 - Maturity Date (WAL):** 2025-10-23
- **C.13 - Final Legal Maturity Date:** 2025-10-23
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 7: United States Treasury

- **C.1 - Title:** United States Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797RB5, C.4 - ISIN: US912797RB50, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $2451339.22
- **C.18.a - Value (excl. sponsor support):** $2451339.22
- **C.19 - Percentage of Net Assets:** 7.7300%
- **C.17 - Yield as of Reporting Date:** 4.2900%
- **C.11 - Maturity Date (WAM):** 2025-10-07
- **C.12 - Maturity Date (WAL):** 2025-10-07
- **C.13 - Final Legal Maturity Date:** 2025-10-07
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 8: United States Treasury

- **C.1 - Title:** United States Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797RQ2, C.4 - ISIN: US912797RQ20, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $7573549.78
- **C.18.a - Value (excl. sponsor support):** $7573549.78
- **C.19 - Percentage of Net Assets:** 23.8700%
- **C.17 - Yield as of Reporting Date:** 4.0600%
- **C.11 - Maturity Date (WAM):** 2025-11-25
- **C.12 - Maturity Date (WAL):** 2025-11-25
- **C.13 - Final Legal Maturity Date:** 2025-11-25
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? No, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

## N-MFP: Signatures

**Registrant:** North Capital Funds Trust

**Date:** 2025-10-03

**By:** Michael T. Weaver Jr.

**Name of Signing Officer:** Michael T. Weaver Jr.

**Title of Signing Officer:** Secretary of Trust