# EDGAR Filing Document

**Accession Number:** 0001761511
**File Stem:** 0001752724-25-213267
**Filing Date:** 2025-9
**Character Count:** 20364
**Document Hash:** b23c1b1e21b027213be806b5dba30be6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-213267.hdr.sgml**: 20250905

**ACCESSION NUMBER**: 0001752724-25-213267

**CONFORMED SUBMISSION TYPE**: N-MFP3

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20250905

**DATE AS OF CHANGE**: 20250905

**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:** 251295254

**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):** 2025-08-31

**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:** 27 days

- **WAL:** 27 days

- **Total Value of Portfolio Securities:** $37098136.37

- **Amortized Cost of Portfolio Securities:** $37094064.06

- **Cash:** $20622.11

- **Total Other Assets:** $31405.05

- **Total Liabilities:** $6998328.25

- **Net Assets of Series:** $30151835.28

- **Number of Shares Outstanding (Series):** 30147958.1500

- **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 (%)   |
|:---|:---|:---|:---|:---|
| 2025-08-01 | $30187822.97              | $30187822.97               | 91.1000%                  | 91.1000%                   |
| 2025-08-04 | $30280590.53              | $30280590.53               | 95.9000%                  | 95.9000%                   |
| 2025-08-05 | $30270046.75              | $30270046.75               | 99.9000%                  | 99.9000%                   |
| 2025-08-06 | $30309724.72              | $30309724.72               | 97.7000%                  | 97.7000%                   |
| 2025-08-07 | $30312810.84              | $30312810.84               | 92.2000%                  | 92.2000%                   |
| 2025-08-08 | $31048861.36              | $31048861.36               | 92.8000%                  | 92.8000%                   |
| 2025-08-11 | $31094738.20              | $31094738.20               | 92.8000%                  | 92.8000%                   |
| 2025-08-12 | $31185938.68              | $31185938.68               | 100.0000%                 | 100.0000%                  |
| 2025-08-13 | $31356959.01              | $31356959.01               | 100.0000%                 | 100.0000%                  |
| 2025-08-14 | $31566642.20              | $31566642.20               | 79.9000%                  | 79.9000%                   |
| 2025-08-15 | $31588285.83              | $31588285.83               | 79.9000%                  | 79.9000%                   |
| 2025-08-18 | $32333599.96              | $32333599.96               | 80.3000%                  | 80.3000%                   |
| 2025-08-19 | $32339164.97              | $32339164.97               | 99.9000%                  | 99.9000%                   |
| 2025-08-20 | $31422681.19              | $31422681.19               | 99.9000%                  | 99.9000%                   |
| 2025-08-21 | $31642878.25              | $31642878.25               | 88.5000%                  | 88.5000%                   |
| 2025-08-22 | $31593769.89              | $31593769.89               | 88.4000%                  | 88.4000%                   |
| 2025-08-25 | $31416731.00              | $31416731.00               | 88.4000%                  | 88.4000%                   |
| 2025-08-26 | $31447076.91              | $31447076.91               | 99.9000%                  | 99.9000%                   |
| 2025-08-27 | $30399797.60              | $30399797.60               | 99.8000%                  | 99.8000%                   |
| 2025-08-28 | $30378684.15              | $30378684.15               | 81.5000%                  | 81.5000%                   |
| 2025-08-29 | $30257401.66              | $30257401.66               | 81.5000%                  | 81.5000%                   |

### 7-Day Gross Yield
| Date       | 7-Day Gross Yield   |
|:---|:---|
| 2025-08-01 | 4.2900%             |
| 2025-08-04 | 4.2900%             |
| 2025-08-05 | 4.2900%             |
| 2025-08-06 | 4.2800%             |
| 2025-08-07 | 4.2800%             |
| 2025-08-08 | 4.3300%             |
| 2025-08-11 | 4.3300%             |
| 2025-08-12 | 4.3400%             |
| 2025-08-13 | 4.3400%             |
| 2025-08-14 | 4.3400%             |
| 2025-08-15 | 4.3400%             |
| 2025-08-18 | 4.3400%             |
| 2025-08-19 | 4.3400%             |
| 2025-08-20 | 4.3300%             |
| 2025-08-21 | 4.3300%             |
| 2025-08-22 | 4.3200%             |
| 2025-08-25 | 4.3100%             |
| 2025-08-26 | 4.3200%             |
| 2025-08-27 | 4.3200%             |
| 2025-08-28 | 4.3200%             |
| 2025-08-29 | 4.3200%             |

### Daily Net Asset Value per Share (Series)
| Date       | Net Asset Value per Share   |
|:---|:---|
| 2025-08-01 | 1.0000                      |
|  |  |
| 2025-08-04 | 1.0000                      |
|  |  |
| 2025-08-05 | 1.0000                      |
|  |  |
| 2025-08-06 | 1.0000                      |
|  |  |
| 2025-08-07 | 1.0000                      |
|  |  |
| 2025-08-08 | 1.0000                      |
|  |  |
| 2025-08-11 | 1.0000                      |
|  |  |
| 2025-08-12 | 1.0000                      |
|  |  |
| 2025-08-13 | 1.0000                      |
|  |  |
| 2025-08-14 | 0.9999                      |
|  |  |
| 2025-08-15 | 1.0000                      |
|  |  |
| 2025-08-18 | 1.0000                      |
|  |  |
| 2025-08-19 | 1.0000                      |
|  |  |
| 2025-08-20 | 1.0000                      |
|  |  |
| 2025-08-21 | 0.9999                      |
|  |  |
| 2025-08-22 | 1.0000                      |
|  |  |
| 2025-08-25 | 1.0000                      |
|  |  |
| 2025-08-26 | 1.0000                      |
|  |  |
| 2025-08-27 | 1.0000                      |
|  |  |
| 2025-08-28 | 0.9999                      |
|  |  |
| 2025-08-29 | 1.0001                      |
|  |  |

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

### Class: Institutional Class

- **Minimum Initial Investment:** $1.00

- **Net Assets of Class:** $30151835.28

- **Number of Shares Outstanding:** 30147958.1500

- **Expense Reimbursement/Waiver:** 30953.78

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-08-01 | 1.0000          |
|  |  |
| 2025-08-04 | 1.0000          |
|  |  |
| 2025-08-05 | 1.0000          |
|  |  |
| 2025-08-06 | 1.0000          |
|  |  |
| 2025-08-07 | 1.0000          |
|  |  |
| 2025-08-08 | 1.0000          |
|  |  |
| 2025-08-11 | 1.0000          |
|  |  |
| 2025-08-12 | 1.0000          |
|  |  |
| 2025-08-13 | 1.0000          |
|  |  |
| 2025-08-14 | 0.9999          |
|  |  |
| 2025-08-15 | 1.0000          |
|  |  |
| 2025-08-18 | 1.0000          |
|  |  |
| 2025-08-19 | 1.0000          |
|  |  |
| 2025-08-20 | 1.0000          |
|  |  |
| 2025-08-21 | 0.9999          |
|  |  |
| 2025-08-22 | 1.0000          |
|  |  |
| 2025-08-25 | 1.0000          |
|  |  |
| 2025-08-26 | 1.0000          |
|  |  |
| 2025-08-27 | 1.0000          |
|  |  |
| 2025-08-28 | 0.9999          |
|  |  |
| 2025-08-29 | 1.0001          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-08-01 | $2061478.32               | $179820.49              |
| 2025-08-04 | $102500.97                | $0.00                   |
| 2025-08-05 | $0.00                     | $14137.18               |
| 2025-08-06 | $55000.00                 | $18907.89               |
| 2025-08-07 | $0.00                     | $0.00                   |
| 2025-08-08 | $725000.00                | $0.00                   |
| 2025-08-11 | $23409.99                 | $81.00                  |
| 2025-08-12 | $100000.00                | $12500.00               |
| 2025-08-13 | $175300.00                | $8000.00                |
| 2025-08-14 | $223500.00                | $17561.25               |
| 2025-08-15 | $10410.30                 | $0.00                   |
| 2025-08-18 | $756266.98                | $14784.75               |
| 2025-08-19 | $24999.94                 | $7502.00                |
| 2025-08-20 | $6441.14                  | $926632.04              |
| 2025-08-21 | $252500.00                | $51698.09               |
| 2025-08-22 | $0.00                     | $60275.00               |
| 2025-08-25 | $21000.00                 | $201168.61              |
| 2025-08-26 | $49000.00                 | $20475.00               |
| 2025-08-27 | $0.00                     | $1050678.09             |
| 2025-08-28 | $5300.00                  | $30000.00               |
| 2025-08-29 | $5011.47                  | $136954.41              |

**Total Gross Subscriptions (Month):** $4597119.11

**Total Gross Redemptions (Month):** $2751175.80

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-08-01 | 4.2900%           |
| 2025-08-04 | 4.2900%           |
| 2025-08-05 | 4.2900%           |
| 2025-08-06 | 4.2800%           |
| 2025-08-07 | 4.2800%           |
| 2025-08-08 | 4.3300%           |
| 2025-08-11 | 4.3300%           |
| 2025-08-12 | 4.3400%           |
| 2025-08-13 | 4.3400%           |
| 2025-08-14 | 4.3400%           |
| 2025-08-15 | 4.3400%           |
| 2025-08-18 | 4.3400%           |
| 2025-08-19 | 4.3400%           |
| 2025-08-20 | 4.3300%           |
| 2025-08-21 | 4.3300%           |
| 2025-08-22 | 4.3200%           |
| 2025-08-25 | 4.3100%           |
| 2025-08-26 | 4.3200%           |
| 2025-08-27 | 4.3200%           |
| 2025-08-28 | 4.3200%           |
| 2025-08-29 | 4.3200%           |

**Beneficial/Record Owner Categories**
| Category        | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Broker-dealer   |  | 10.5400%         | 0.0000%              |
| Retail investor |  | 0.0000%          | 30.3200%             |
| Non-profit      |  | 0.0000%          | 5.2900%              |

## 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: 912797QV2, C.4 - ISIN: US912797QV24, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $6682407.72
- **C.18.a - Value (excl. sponsor support):** $6682407.72
- **C.19 - Percentage of Net Assets:** 22.1700%
- **C.17 - Yield as of Reporting Date:** 4.3500%
- **C.11 - Maturity Date (WAM):** 2025-09-23
- **C.12 - Maturity Date (WAL):** 2025-09-23
- **C.13 - Final Legal Maturity Date:** 2025-09-23
- **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 2: United States Treasury

- **C.1 - Title:** United States Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797QU4, C.4 - ISIN: US912797QU41, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $2926143.74
- **C.18.a - Value (excl. sponsor support):** $2926143.74
- **C.19 - Percentage of Net Assets:** 9.7100%
- **C.17 - Yield as of Reporting Date:** 4.2900%
- **C.11 - Maturity Date (WAM):** 2025-09-16
- **C.12 - Maturity Date (WAL):** 2025-09-16
- **C.13 - Final Legal Maturity Date:** 2025-09-16
- **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: 912797RC3, C.4 - ISIN: US912797RC34, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $7916391.76
- **C.18.a - Value (excl. sponsor support):** $7916391.76
- **C.19 - Percentage of Net Assets:** 26.2600%
- **C.17 - Yield as of Reporting Date:** 4.2400%
- **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 4: United States Treasury

- **C.1 - Title:** United States Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797QT7, C.4 - ISIN: US912797QT77, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $176853.90
- **C.18.a - Value (excl. sponsor support):** $176853.90
- **C.19 - Percentage of Net Assets:** 0.5900%
- **C.17 - Yield as of Reporting Date:** 4.2700%
- **C.11 - Maturity Date (WAM):** 2025-09-09
- **C.12 - Maturity Date (WAL):** 2025-09-09
- **C.13 - Final Legal Maturity Date:** 2025-09-09
- **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: 912797QW0, C.4 - ISIN: US912797QW07, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $8026442.98
- **C.18.a - Value (excl. sponsor support):** $8026442.98
- **C.19 - Percentage of Net Assets:** 26.6200%
- **C.17 - Yield as of Reporting Date:** 4.3500%
- **C.11 - Maturity Date (WAM):** 2025-09-30
- **C.12 - Maturity Date (WAL):** 2025-09-30
- **C.13 - Final Legal Maturity Date:** 2025-09-30
- **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 6: United States Treasury

- **C.1 - Title:** United States Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797PY7, C.4 - ISIN: US912797PY71, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $468729.45
- **C.18.a - Value (excl. sponsor support):** $468729.45
- **C.19 - Percentage of Net Assets:** 1.5500%
- **C.17 - Yield as of Reporting Date:** 4.2400%
- **C.11 - Maturity Date (WAM):** 2025-09-25
- **C.12 - Maturity Date (WAL):** 2025-09-25
- **C.13 - Final Legal Maturity Date:** 2025-09-25
- **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

### 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):** $2371289.16
- **C.18.a - Value (excl. sponsor support):** $2371289.16
- **C.19 - Percentage of Net Assets:** 7.8700%
- **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: 912797PX9, C.4 - ISIN: US912797PX98, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $1649877.66
- **C.18.a - Value (excl. sponsor support):** $1649877.66
- **C.19 - Percentage of Net Assets:** 5.4700%
- **C.17 - Yield as of Reporting Date:** 4.3100%
- **C.11 - Maturity Date (WAM):** 2025-09-18
- **C.12 - Maturity Date (WAL):** 2025-09-18
- **C.13 - Final Legal Maturity Date:** 2025-09-18
- **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 9: United States Treasury

- **C.1 - Title:** United States Treasury Bill
- **C.6 - Investment Category:** U.S. Treasury Debt
- **Identifiers:** C.3 - CUSIP: 912797QM2, C.4 - ISIN: US912797QM25, C.3 - LEI: 254900HROIFWPRGM1V77
- **C.18 - Value (incl. sponsor support):** $6880000.00
- **C.18.a - Value (excl. sponsor support):** $6880000.00
- **C.19 - Percentage of Net Assets:** 22.8200%
- **C.17 - Yield as of Reporting Date:** 4.3100%
- **C.11 - Maturity Date (WAM):** 2025-09-02
- **C.12 - Maturity Date (WAL):** 2025-09-02
- **C.13 - Final Legal Maturity Date:** 2025-09-02
- **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:** 2025-09-05

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

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

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