# EDGAR Filing Document

**Accession Number:** 0001537140
**File Stem:** 0000910472-25-004681
**Filing Date:** 2025-11
**Character Count:** 10671
**Document Hash:** a59e9e57d9655fb7d9f828ef98ec919f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-004681.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0000910472-25-004681

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NORTHERN LIGHTS FUND TRUST III
- **CENTRAL INDEX KEY:** 0001537140

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22655
- **FILM NUMBER:** 251529403

**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

### Counterpoint Tactical Municipal Fund (Series ID: S000061857)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000200261 | Counterpoint Tactical Municipal Fund Class A | TMNAX           |
| C000200262 | Counterpoint Tactical Municipal Fund Class C | TMNCX           |
| C000200263 | Counterpoint Tactical Municipal Fund Class I | TMNIX           |

## 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:** Counterpoint Tactical Municipal Fund

- **b. EDGAR series identifier (if any):** S000061857

- **c. LEI of Series:** 549300LJGKEK0W1KDQ73

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-09-30

**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:** $288483020.09

**Total Liabilities:** $250461.51

**Net Assets:** $288232558.58

**Cash Not Reported:** $416338.30

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000200261 | -0.27%               | 0.12%                | 3.22%                |
| Class ID C000200263 | -0.25%               | 0.14%                | 3.24%                |
| Class ID C000200262 | -0.35%               | 0.06%                | 3.11%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-859864.99                                |
| Month 2  | $-165.64                 | $189647.13                                 |
| Month 3  | $8651.38                 | $8336530.97                                |

**Designated Index Information**

- **Index Name:** Bloomberg High Yield Muni Bond

- **Index Identifier:** 939

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Aim Tax-Exempt Funds (Invesco Tax-Exempt Funds) | INV-A/F MUNI-Y                | CUSIP: 001419183<br>LEI: SW0MHD1146AQ1M76HG37 | Long             | EC               | RF                | US        |       100 | NS      | $670.00       | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Aim Tax-Exempt Funds (Invesco Tax-Exempt Funds) | INV-H/Y MUNI-Y                | CUSIP: 001419654<br>LEI: SW0MHD1146AQ1M76HG37 | Long             | EC               | RF                | US        |  12790218 | NS      | $106286710.18 | 36.88%            |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                             | MS GOVT US LEX                | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             |  | US        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                             | DREYFUS TREASURY & AGENCY LEX | CUSIP: 261908107<br>LEI: N/A                  | Long             | STIV             |  | US        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| Aim Tax-Exempt Funds (Invesco Tax-Exempt Funds) | INV-RC MUN OP-Y               | CUSIP: 00141W703<br>LEI: SW0MHD1146AQ1M76HG37 | Long             | EC               | RF                | US        |   1098054 | NS      | $7225194.56   | 2.51%             |  |  |  | No            | 1                  | On Loan: No      |
| American High-Income Municipal Bond Fund        | AF-H/I MUN-F3                 | CUSIP: 026545806<br>LEI: N/A                  | Long             | EC               | RF                | US        |       100 | NS      | $1522.00      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Franklin Tax Free Trust                         | FRNK-H/Y T/F-ADV              | CUSIP: 354723272<br>LEI: 549300C12HCE48FV1C70 | Long             | EC               | RF                | US        |       100 | NS      | $886.00       | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Price T Rowe Tax Free High Yield Fund Inc.      | TRP-T/F H/Y-I                 | CUSIP: 741486302<br>LEI: 2F9VPFCSWR3EU5WBPH73 | Long             | EC               | RF                | US        |       100 | NS      | $1101.00      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Russell Investment Company                      | RIC-T/E HI Y-S                | CUSIP: 78249R123<br>LEI: 549300J63VJ9OS4TCK93 | Long             | EC               | RF                | US        |   3561871 | NS      | $34407674.89  | 11.94%            |  |  |  | No            | 1                  | On Loan: No      |
| Goldman Sachs Trust                             | GS-H/Y MUNI-INS               | CUSIP: 38142Y583<br>LEI: S2FHCT8U6D2VORP0J605 | Long             | EC               | RF                | US        |    862343 | NS      | $7804202.59   | 2.71%             |  |  |  | No            | 1                  | On Loan: No      |
| AB Municipal Income Fund Inc.                   | AB HIGH INC MUNICIPAL-ADV     | CUSIP: 018642744<br>LEI: 549300HSXPZXR4NTL020 | Long             | EC               | RF                | US        |    291416 | NS      | $2978274.21   | 1.03%             |  |  |  | No            | 1                  | On Loan: No      |
| American Centy Tr                               | AC-H/Y MUNI-I                 | CUSIP: 024934663<br>LEI: N/A                  | Long             | EC               | RF                | US        |       100 | NS      | $869.00       | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                             | TFDXX LEX BLACKROCK FED FUND  | CUSIP: 09248U700<br>LEI: N/A                  | Long             | STIV             |  | US        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| BlackRock Liquidity Funds                       | BLKR-LI MUNI-INS              | CUSIP: 09248U841<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |   4521138 | PA      | $4521590.56   | 1.57%             |  |  |  | No            | 1                  | On Loan: No      |
| VanEck ETF Trust                                | V/E HI YLD MUNI               | CUSIP: 92189H409<br>LEI: 549300ZLFKNTXC51ZN76 | Long             | EC               | RF                | US        |    358150 | NS      | $18229835.00  | 6.32%             |  |  |  | No            | 1                  | On Loan: —       |
| Prudential Investment Portfolios 4              | PGIM-MUNI H/I-Z               | CUSIP: 74440M401<br>LEI: N/A                  | Long             | EC               | RF                | US        |       100 | NS      | $932.00       | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| PIMCO Funds                                     | PIMCO-HY MUNI-I               | CUSIP: 72201F672<br>LEI: 5493003B5Y5GR0Y25Y76 | Long             | EC               | RF                | US        |  10288372 | NS      | $86216558.99  | 29.91%            |  |  |  | No            | 1                  | On Loan: No      |
| Eaton Vance Municipals Trust Ii                 | EV-H/Y MUNI-I                 | CUSIP: 27826M841<br>LEI: 54930020USKP27DTI683 | Long             | EC               | RF                | US        |       100 | NS      | $801.00       | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Nuveen Municipal                                | NVN-H/Y MUN-I                 | CUSIP: 67065Q772<br>LEI: 549300D2RECSQKX7NC33 | Long             | EC               | RF                | US        |   1344359 | NS      | $19237770.35  | 6.67%             |  |  |  | No            | 1                  | On Loan: No      |
| Delaware Investments fund                       | DEL-NTL HY M-I                | CUSIP: 24610H302<br>LEI: N/A                  | Long             | EC               | RF                | US        |       100 | NS      | $988.00       | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2025-10-28

**Name of Applicant:** NORTHERN LIGHTS FUND TRUST III

**Signature:** Rich Gleason

**Name of Signer:** Rich Gleason

**Title:** Treasurer