# EDGAR Filing Document

**Accession Number:** 0001537140
**File Stem:** 0001752724-23-044968
**Filing Date:** 2023-2
**Character Count:** 11224
**Document Hash:** 61ee170254f9a6bac696e468579f95e0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-044968.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-044968

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20230930

**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:** 23680238

**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

### RESQ Strategic Income Fund (Series ID: S000043339)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000134180 | RESQ Strategic Income Fund Class A Shares | RQIAX           |
| C000134181 | RESQ Strategic Income Fund Class I Shares | RQIIX           |
| C000145675 | RESQ Strategic Income Fund Class C Shares | RQICX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **RESQ DYNAMIC ALLOCATION FUND** | **RESQ DYNAMIC ALLOCATION FUND** | **RESQ DYNAMIC ALLOCATION FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **December 31, 2022** | **December 31, 2022** | **December 31, 2022** |
| **Shares** |  | **Fair Value** |
|  | **EXCHANGE-TRADED FUNDS — 83.6%** |  |
|  | **EQUITY - 83.6%** |  |
| 26700 | Amplify Transformational Data Sharing ETF | &nbsp;&nbsp;&nbsp; $403704 |
| 32000 | ARK Fintech Innovation ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 456640 |
| 66900 | ARK Innovation ETF | &nbsp;&nbsp;&nbsp; 2089956 |
| 66200 | Bitwise Crypto Industry Innovators ETF | &nbsp;&nbsp;&nbsp; 224418 |
| 13300 | Communication Services Select Sector SPDR Fund | &nbsp;&nbsp;&nbsp; 638267 |
| 6100 | Consumer Discretionary Select Sector SPDR Fund | &nbsp;&nbsp;&nbsp; 787876 |
| 7600 | Consumer Staples Select Sector SPDR Fund | &nbsp;&nbsp;&nbsp; 566580 |
| 5450 | Energy Select Sector SPDR Fund | &nbsp;&nbsp;&nbsp; 476712 |
| 29100 | Financial Select Sector SPDR Fund | &nbsp;&nbsp;&nbsp; 995220 |
| 54825 | Global X Blockchain ETF | &nbsp;&nbsp;&nbsp; 706146 |
| 40400 | Global X Silver Miners ETF | &nbsp;&nbsp;&nbsp; 1138068 |
| 9363 | Health Care Select Sector SPDR Fund | &nbsp;&nbsp;&nbsp; 1271964 |
| 7300 | Industrial Select Sector SPDR Fund | &nbsp;&nbsp;&nbsp; 716933 |
| 66400 | Invesco China Technology ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2881760 |
| 4300 | iShares Biotechnology ETF | &nbsp;&nbsp;&nbsp; 564547 |
| 33700 | iShares China Large-Cap ETF | &nbsp;&nbsp;&nbsp; 953710 |
| 42900 | KraneShares Bosera MSCI China A 50 Connect Index | &nbsp;&nbsp;&nbsp; 1093521 |
| 3100 | Materials Select Sector SPDR Fund | &nbsp;&nbsp;&nbsp; 240808 |
| 5600 | Real Estate Select Sector SPDR Fund | &nbsp;&nbsp;&nbsp; 206808 |
| 16509 | Technology Select Sector SPDR Fund | &nbsp;&nbsp;&nbsp; 2054380 |
| 3700 | Utilities Select Sector SPDR Fund | &nbsp;&nbsp;&nbsp; 260850 |
| 113000 | VanEck Gold Miners ETF | &nbsp;&nbsp;&nbsp; 3238579 |
| 35000 | Vanguard FTSE Emerging Markets ETF | &nbsp;&nbsp;&nbsp; 1364300 |
|  |  | &nbsp;&nbsp; 23331747 |
|  | **TOTAL EXCHANGE-TRADED FUNDS (Cost $26,826,933)** | &nbsp;&nbsp; 23331747 |

---

---

| | | |
|:---|:---|:---|
| **RESQ DYNAMIC ALLOCATION FUND** | **RESQ DYNAMIC ALLOCATION FUND** | **RESQ DYNAMIC ALLOCATION FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **December 31, 2022** | **December 31, 2022** | **December 31, 2022** |
| **Shares** |  | **Fair Value** |
|  | **SHORT-TERM INVESTMENTS — 16.3%** |  |
|  | **MONEY MARKET FUNDS - 16.3%** |  |
| 4560506 | First American Government Obligations Fund, Class X, 4.08% (Cost $4,560,506)<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $4560506 |
|  | **TOTAL INVESTMENTS - 99.9% (Cost $31,387,439)** | &nbsp;&nbsp;&nbsp; $27892253 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES- 0.1%** | &nbsp;&nbsp; 20606 |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $27912859 |

---

ETF - Exchange-Traded Fund <br> MSCI - Morgan Stanley Capital International <br> SPDR - Standard & Poor's Depositary Receipt

<sup>(a)</sup> Non-income producing security. <br> <sup>(b)</sup> Rate disclosed is the seven day effective yield as of December 31, 2022.

---

| | | |
|:---|:---|:---|
| **RESQ STRATEGIC INCOME FUND** | **RESQ STRATEGIC INCOME FUND** | **RESQ STRATEGIC INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **December 31, 2022** | **December 31, 2022** | **December 31, 2022** |
| **Shares** |  | **Fair Value** |
|  | **EXCHANGE-TRADED FUNDS — 36.0%** |  |
|  | **EQUITY - 1.4%** |  |
| 7600 | iShares Cohen & Steers REIT ETF | &nbsp;&nbsp;&nbsp; $416784 |
|  | **FIXED INCOME - 34.6%** |  |
| 15000 | iShares 20+ Year Treasury Bond ETF | &nbsp;&nbsp;&nbsp; 1493400 |
| 26400 | iShares 7-10 Year Treasury Bond ETF | &nbsp;&nbsp;&nbsp; 2528592 |
| 43000 | SPDR Portfolio Long Term Treasury ETF | &nbsp;&nbsp;&nbsp; 1248290 |
| 18000 | Vanguard Extended Duration Treasury ETF | &nbsp;&nbsp;&nbsp; 1490940 |
| 60500 | Vanguard Long-Term Treasury ETF | &nbsp;&nbsp;&nbsp; 3728010 |
|  |  | &nbsp;&nbsp; 10489232 |
|  | **TOTAL EXCHANGE-TRADED FUNDS (Cost $11,418,589)** | &nbsp;&nbsp; 10906016 |
|  | **SHORT-TERM INVESTMENTS — 63.8%** |  |
|  | **MONEY MARKET FUNDS - 63.8%** |  |
| 19348142 | First American Government Obligations Fund, Class X, 4.08% (Cost $19,348,142)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 19348142 |
|  | **TOTAL INVESTMENTS - 99.8% (Cost $30,766,731)** | &nbsp;&nbsp;&nbsp; $30254158 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES- 0.2%** | &nbsp;&nbsp; 59915 |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $30314073 |

---

---

| | |
|:---|:---|
| ETF | - Exchange-Traded Fund |
| REIT | - Real Estate Investment Trust |
| SPDR | - Standard & Poor's Depositary Receipt |

---

<sup>(a)</sup> Rate disclosed is the seven day effective yield as of December 31, 2022.

## 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:** RESQ Strategic Income Fund

- **b. EDGAR series identifier (if any):** S000043339

- **c. LEI of Series:** 549300USY68742UVZC15

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

- **a. Date of fiscal year-end:** 2023-09-30

- **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:** $30401368.58

**Total Liabilities:** $87295.67

**Net Assets:** $30314072.91

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000134180 | -6.11%               | 8.63%                | 4.30%                |
| Class ID C000145675 | -6.14%               | 8.58%                | 4.28%                |
| Class ID C000134181 | -5.92%               | 8.67%                | 4.38%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-28121.10               | $-1582859.06                               |
| Month 2  | $0.00                    | $2235874.55                                |
| Month 3  | $831664.16               | $383394.75                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Vanguard Scottsdal  | VANGUARD LONG-TERM TREASU | CUSIP: 92206C847<br>LEI: 549300Y88GQ3VLJIBX57 | Long             | EC               | RF                | US        |     60500 | NS      | $3728010.00   | 12.30%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard World Fd   | VANGUARD EXTENDED DUR TRE | CUSIP: 921910709<br>LEI: 549300MP6BT0L4Q61L10 | Long             | EC               | RF                | US        |     18000 | NS      | $1490940.00   | 4.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Trust       | ISHARES 20+ YEAR          | CUSIP: 464287432<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     15000 | NS      | $1493400.00   | 4.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Trust       | ISHARES 7-10 YEAR TREASUR | CUSIP: 464287440<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     26400 | NS      | $2528592.00   | 8.34%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST AMERN FDS INC | FRST AM-GV OB-X           | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |  19348142 | PA      | $19348142.21  | 63.83%            |  |  |  | No            |                  1 | On Loan: No      |
| Spdr Series Trust   | SPDR PORT LNG TRM TRSRY   | CUSIP: 78464A664<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |     43000 | NS      | $1248290.00   | 4.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Trust       | ISHARES COHEN & STEERS RE | CUSIP: 464287564<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      7600 | NS      | $416784.00    | 1.37%             |  |  |  | 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