# EDGAR Filing Document

**Accession Number:** 0001537140
**File Stem:** 0001752724-23-045506
**Filing Date:** 2023-2
**Character Count:** 11442
**Document Hash:** 32bd3ce0f1670753047f745f62f20de9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-045506.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-045506

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20230630

**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:** 23680935

**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 Defined Risk Growth Fund (Series ID: S000063531)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000205842 | Swan Defined Risk Growth Fund Class A Shares | SDAAX           |
| C000205843 | Swan Defined Risk Growth Fund Class C Shares | SDACX           |
| C000205844 | Swan Defined Risk Growth Fund Class I Shares | SDAIX           |

## 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 Defined Risk Growth Fund

- **b. EDGAR series identifier (if any):** S000063531

- **c. LEI of Series:** 5493006NNX4MJZUY5E83

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

- **a. Date of fiscal year-end:** 2023-06-30

- **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:** $101712593.05

**Total Liabilities:** $5197892.86

**Net Assets:** $96514700.19

**Cash Not Reported:** $1162599.92

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000205844 | 7.42%                | 3.42%                | -4.64%               |
| Class ID C000205842 | 7.47%                | 3.37%                | -4.67%               |
| Class ID C000205843 | 7.37%                | 3.28%                | -4.70%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $7174112.50                                |
| Month 2  | $0.00                    | $5253320.00                                |
| Month 3  | $-1254632.35             | $-4847312.60                               |

**Designated Index Information**

- **Index Name:** S&P 500 (TR)

- **Index Identifier:** 500TR

### 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 CORE S&P 500 ETF | CUSIP: 464287200<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |    227000 | NS      | $87215670.00  | 90.37%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                 | SPXW US 12/30/22 C4260   | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        61 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                 | SPXW US 12/30/22 C3860   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -61 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                 | SPX US 03/17/23 P3250    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -57 | NC      | $-100247.84   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                 | SPX US 12/20/24 C4400    | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |       114 | NC      | $3662877.93   | 3.80%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                 | SPX US 12/20/24 P3700    | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |       170 | NC      | $5533055.15   | 5.73%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                 | SPXW US 12/30/22 P3800   | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |       122 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                 | SPXW US 01/20/23 C4000   | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        28 | NC      | $49449.16     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                 | SPXW US 01/13/23 P3625   | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        30 | NC      | $28448.12     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                 | SPXW US 01/13/23 C3825   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -30 | NC      | $-226627.46   | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                 | SPXW US 01/20/23 P3800   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -28 | NC      | $-160715.78   | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                 | SPX US 03/17/23 P3825    | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        57 | NC      | $785827.95    | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                 | SPXW US 01/20/23 P3600   | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        28 | NC      | $35408.85     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                 | SPXW US 01/13/23 C4025   | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        30 | NC      | $22738.12     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                 | SPXW US 12/30/22 P3750   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |      -122 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                 | SPXW US 12/30/22 P3660   | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        61 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                 | SPX US 12/20/24 C5100    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |      -114 | NC      | $-1266245.62  | -1.31%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                 | SPXW US 12/30/22 P3850   | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        61 | NC      | $64050.00     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                 | SPXW US 01/20/23 C3800   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -28 | NC      | $-286403.41   | -0.30%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                 | SPXW US 12/30/22 P4060   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -61 | NC      | $-1345050.00  | -1.39%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                 | SPXW US 12/30/22 P3650   | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        61 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FIRST AMERN FDS INC | FRST AM-GV OB-X          | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   1172838 | PA      | $1172837.77   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                 | SPXW US 12/30/22 P3900   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |      -244 | NC      | $-1476200.00  | -1.53%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                 | SPXW US 01/13/23 P3825   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -30 | NC      | $-173494.23   | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                 | SPXW US 12/30/22 P4000   | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |       122 | NC      | $1958100.00   | 2.03%             |  |  |  | No            |                  2 | 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