# Swan Defined Risk U.S. Small Cap Fund

Swan Defined Risk U.S. Small Cap Fund is a registered fund series of NORTHERN LIGHTS FUND TRUST III (series S000051347). Net assets $25.2M as of 2024-12-31.

## Profile

- Series ID: S000051347
- Registrant: NORTHERN LIGHTS FUND TRUST III
- LEI: 549300D7QA0P3RGGT694
- Net assets: $25.2M
- Total assets: $25.6M
- As of: 2024-12-31
- Type: Fund of funds

## Advisers

- [Swan Capital Management, LLC (Advisor)](https://search.stillhousedata.com/firm/164280)
- [Swan Global Management, LLC (Subadvisor)](https://search.stillhousedata.com/firm/173621)

## Top holdings (11 reported)

| Holding | Ticker | Value | % of fund |
| --- | --- | --- | --- |
| [iShares Trust](https://search.stillhousedata.com/security/464287655) | — | $23.2M | 9199.15% |
| RUT US 12/19/25 P2250 | — | $1.7M | 655.41% |
| [First American Funds Inc.](https://search.stillhousedata.com/security/31846V336) | — | $384K | 152.19% |
| VIX US 01/22/25 P15 | — | $7K | 2.76% |
| SPX US 02/21/25 C6430 | — | $-1K | -0.57% |
| EEM US 02/21/25 C46.5 | — | $-3K | -1.34% |
| VIX US 01/22/25 C23 | — | $-19K | -7.60% |
| SPX US 03/21/25 C6270 | — | $-22K | -8.84% |
| SPX US 03/21/25 P5550 | — | $-64K | -25.18% |
| SPX US 02/21/25 P5770 | — | $-74K | -29.29% |
| EEM US 02/21/25 P41 | — | $-83K | -32.82% |

## Net asset history

| Report date | Net assets |
| --- | --- |
| 2024-12-31 | $25.2M |
| 2024-09-30 | $30.3M |
| 2024-06-30 | $31.1M |
| 2024-03-31 | $32.2M |
| 2023-12-31 | $32.7M |
| 2023-09-30 | $34.9M |
| 2023-06-30 | $35.9M |
| 2023-03-31 | $37.1M |

## More

- [Registrant: NORTHERN LIGHTS FUND TRUST III](https://search.stillhousedata.com/registrant/1537140)
- [This page as markdown (for LLM agents)](https://search.stillhousedata.com/fund/S000051347.md)
- [Search all SEC filings, advisers and people on Adviser Search](https://search.stillhousedata.com/)

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Source: public SEC filing data via Adviser Search (https://search.stillhousedata.com).
Agents: this data is also queryable via MCP tools and read-only SQL — see https://search.stillhousedata.com/llms.txt.