# EDGAR Filing Document

**Accession Number:** 0001537140
**File Stem:** 0001752724-23-042861
**Filing Date:** 2023-2
**Character Count:** 9764
**Document Hash:** 127f9eba37afa557196ffd0e2cf0d9ad
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-042861.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-042861

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20221231

**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:** 23673717

**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

### ACM Tactical Income Fund (Series ID: S000063975)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000207033 | ACM Tactical Income Fund Class I | TINIX           |
| C000207034 | ACM Tactical Income Fund Class A | TINAX           |

## 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:** ACM Tactical Income Fund

- **b. EDGAR series identifier (if any):** S000063975

- **c. LEI of Series:** 549300DJJRVH02NROT60

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

- **a. Date of fiscal year-end:** 2022-12-31

- **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:** $44135486.99

**Total Liabilities:** $135781.84

**Net Assets:** $43999705.15

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000207034 | -0.11%               | 0.80%                | -0.79%               |
| Class ID C000207033 | -0.09%               | 0.82%                | -0.77%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-267161.41              | $97056.89                                  |
| Month 2  | $-159345.84              | $365095.79                                 |
| Month 3  | $-542566.48              | $-248206.44                                |

### 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 20+ YEAR          | CUSIP: 464287432<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     17000 | NS      | $1692520.00   | 3.85%             |  |  |  | No            |                  1 | On Loan: No      |
| VanEck ETF Trust                      | VANECK FALLEN AN          | CUSIP: 92189F437<br>LEI: 549300ZLFKNTXC51ZN76 | Long             | EC               | RF                | US        |     55000 | NS      | $1486100.00   | 3.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Ssga Active Etf Trust                 | SPDR BLACKSTONE           | CUSIP: 78467V608<br>LEI: 549300MAXSRPQ75ICU67 | Long             | EC               | RF                | US        |     25000 | NS      | $1022500.00   | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANK MMDA                          | US BANK MMDA-USBGFS 5     | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | UST               | US        |  10612424 | PA      | $10612423.60  | 24.12%            |  |  |  | No            |                  1 | On Loan: No      |
| Proshares Trust                       | PROSHARES SHORT 20+ TREAS | CUSIP: 74347X849<br>LEI: 5493005D9DS7C1P5AM59 | Long             | EC               | RF                | US        |     50000 | NS      | $1134000.00   | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| VanEck ETF Trust                      | VANECK EMERGING           | CUSIP: 92189F353<br>LEI: 549300ZLFKNTXC51ZN76 | Long             | EC               | RF                | US        |     20000 | NS      | $364200.00    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Exchange Traded Fund Trust II | INVESCO SENIOR LOAN ETF   | CUSIP: 46138G508<br>LEI: O540V2L4S174Y60FMD36 | Long             | EC               | RF                | US        |     66000 | NS      | $1354980.00   | 3.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Trust                         | ISHARES 1-3 YEAR TREASURY | CUSIP: 464287457<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     20000 | NS      | $1623400.00   | 3.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Trust                         | ISHARES IBOXX INVESTMENT  | CUSIP: 464287242<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     12500 | NS      | $1317875.00   | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Exchange Traded Fund Trust II | INVESCO TAXABLE MUNICIPAL | CUSIP: 46138G805<br>LEI: O540V2L4S174Y60FMD36 | Long             | EC               | RF                | US        |     61000 | NS      | $1568310.00   | 3.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Trust                   | GOLDMAN-FS GOVT-AD        | CUSIP: 38141W265<br>LEI: S2FHCT8U6D2VORP0J605 | Long             | STIV             | RF                | US        |   1551845 | PA      | $1551845.40   | 3.53%             |  |  |  | No            |                  1 | On Loan: No      |
| VanEck ETF Trust                      | VANECK BDC INCOM          | CUSIP: 92189F411<br>LEI: 549300ZLFKNTXC51ZN76 | Long             | EC               | RF                | US        |     25000 | NS      | $353750.00    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnc Investment Corp                  | AGNC INVESTMENT           | CUSIP: 00123Q104<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EC               | CORP              | US        |     35000 | NS      | $362250.00    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST AMERN FDS INC                   | FRST AM-GV OB-X           | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   8573543 | PA      | $8573542.64   | 19.49%            |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Trust                         | ISHARES NATIONAL MUNI BON | CUSIP: 464288414<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     17000 | NS      | $1793840.00   | 4.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Trust                         | ISHARES MBS ETF           | CUSIP: 464288588<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     19000 | NS      | $1762250.00   | 4.01%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills          | CMB 01/31/23              | CUSIP: 912796ZM4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1993878.88   | 4.53%             | 2023-01-31      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Ishares Trust                         | ISHARES JP MORGAN USD EME | CUSIP: 464288281<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     16000 | NS      | $1353440.00   | 3.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Trust                         | ISHARES FLOATING RATE BON | CUSIP: 46429B655<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     80000 | NS      | $4026400.00   | 9.15%             |  |  |  | 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