# EDGAR Filing Document

**Accession Number:** 0001537140
**File Stem:** 0001752724-23-045505
**Filing Date:** 2023-2
**Character Count:** 6558
**Document Hash:** 71f7dd620fcf636365ea83de719f0e2c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-045505.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-045505

**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:** 23680934

**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 Emerging Markets Fund (Series ID: S000047421)

| Class ID   | Class Name                                             | Ticker Symbol   |
|:---|:---|:---|
| C000148875 | Swan Defined Risk Emerging Markets Fund Class A Shares | SDFAX           |
| C000148876 | Swan Defined Risk Emerging Markets Fund Class C Shares | SDFCX           |
| C000148877 | Swan Defined Risk Emerging Markets Fund Class I Shares | SDFIX           |

## 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 Emerging Markets Fund

- **b. EDGAR series identifier (if any):** S000047421

- **c. LEI of Series:** 5493003KBENC05ON4423

**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:** $29054149.71

**Total Liabilities:** $435331.58

**Net Assets:** $28618818.13

**Cash Not Reported:** $93953.06

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000148875 | 0.84%                | 3.92%                | -1.14%               |
| Class ID C000148877 | 0.83%                | 4.02%                | -1.14%               |
| Class ID C000148876 | 0.75%                | 3.96%                | -1.28%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $134416.40               | $-490928.86                                |
| Month 2  | $-121205.76              | $3654665.00                                |
| Month 3  | $-149955.92              | $-889807.28                                |

**Designated Index Information**

- **Index Name:** MSCI/EM (EMERGING MARKETS)

- **Index Identifier:** 891800

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A                 | EEM US 02/17/23 P35       | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |     -1717 | NC      | $-62397.56    | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| Ishares Inc         | ISHARES CORE MSCI EMERGIN | CUSIP: 46434G103<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |    541500 | NS      | $25288050.00  | 88.36%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                 | EEM US 03/17/23 P34       | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |     -1726 | NC      | $-74122.36    | -0.26%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                 | EEM US 03/17/23 P35       | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |     -1667 | NC      | $-98579.60    | -0.34%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                 | EEM US 02/17/23 C43       | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |     -1717 | NC      | $-17500.62    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                 | EEM US 12/20/24 P38       | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |      6654 | NC      | $2851371.64   | 9.96%             |  |  |  | No            |                  2 | On Loan: No      |
| FIRST AMERN FDS INC | FRST AM-GV OB-X           | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |    789263 | PA      | $789262.64    | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                 | EEM US 03/17/23 C43       | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |     -3393 | NC      | $-81387.07    | -0.28%            |  |  |  | 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