# EDGAR Filing Document

**Accession Number:** 0001537140
**File Stem:** 0001752724-23-045507
**Filing Date:** 2023-2
**Character Count:** 7059
**Document Hash:** 969ab769fbfdf9831b36d78f88a3ac62
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-045507.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-045507

**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:** 23680937

**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 Foreign Fund (Series ID: S000051346)

| Class ID   | Class Name                                    | Ticker Symbol   |
|:---|:---|:---|
| C000161877 | Swan Defined Risk Foreign Fund Class A Shares | SDJAX           |
| C000161878 | Swan Defined Risk Foreign Fund Class C Shares | SDJCX           |
| C000161879 | Swan Defined Risk Foreign Fund Class I Shares | SDJIX           |

## 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 Foreign Fund

- **b. EDGAR series identifier (if any):** S000051346

- **c. LEI of Series:** 549300J8IYC07H3Z9U52

**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:** $33460752.59

**Total Liabilities:** $421390.92

**Net Assets:** $33039361.67

**Cash Not Reported:** $121343.30

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000161877 | 3.50%                | 6.99%                | -1.31%               |
| Class ID C000161878 | 3.46%                | 6.80%                | -1.23%               |
| Class ID C000161879 | 3.49%                | 6.98%                | -1.20%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-402942.02              | $1938639.00                                |
| Month 2  | $606.43                  | $3584810.50                                |
| Month 3  | $23221.66                | $-724049.00                                |

**Designated Index Information**

- **Index Name:** MSCI/ACWI ex USA SMALL CAP (Net)

- **Index Identifier:** 655052-USD-N

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| FIRST AMERN FDS INC | FRST AM-GV OB-X       | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |    569878 | PA      | $569877.93    | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                 | EFA US 03/17/23 P59   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |     -1160 | NC      | $-67575.57    | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                 | EFA US 03/17/23 P55   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |     -1150 | NC      | $-28244.13    | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| Ishares Trust       | ISHARES MSCI EAFE ETF | CUSIP: 464287465<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |    460000 | NS      | $30194400.00  | 91.39%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                 | EFA US 03/17/23 P65   | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |      1150 | NC      | $227298.00    | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                 | EFA US 02/17/23 P61   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |     -2376 | NC      | $-127512.89   | -0.39%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                 | EFA US 03/17/23 C72   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |     -1160 | NC      | $-50059.88    | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                 | EFA US 02/17/23 C72   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |     -1182 | NC      | $-23582.81    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                 | EFA US 12/20/24 P65   | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |      3450 | NC      | $2302125.37   | 6.97%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                 | EFA US 02/17/23 C73   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |     -1194 | NC      | $-15407.63    | -0.05%            |  |  |  | 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