# Swan Defined Risk Growth Fund

Swan Defined Risk Growth Fund is a registered fund series of NORTHERN LIGHTS FUND TRUST III (series S000063531). Net assets $53.9M as of 2026-03-31.

## Profile

- Series ID: S000063531
- Registrant: NORTHERN LIGHTS FUND TRUST III
- LEI: 5493006NNX4MJZUY5E83
- Net assets: $53.9M
- Total assets: $54.9M
- As of: 2026-03-31
- 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 (13 reported)

| Holding | Ticker | Value | % of fund |
| --- | --- | --- | --- |
| [iShares Trust](https://search.stillhousedata.com/security/464287200) | — | $47.0M | 8731.96% |
| SPX US 12/17/27 P7050 | — | $2.8M | 510.73% |
| SPX US 12/17/27 P6900 | — | $2.1M | 392.42% |
| SPX US 12/17/27 C7500 | — | $1.5M | 270.06% |
| [First American Funds Inc.](https://search.stillhousedata.com/security/31846V336) | — | $1.1M | 202.90% |
| SPX US 12/17/27 P6400 | — | $203K | 37.63% |
| VIX US 04/15/26 P21.5 | — | $26K | 4.78% |
| VIX US 04/15/26 P20 | — | $10K | 1.94% |
| VIX US 04/15/26 C27 | — | $-81K | -14.98% |
| SPXW US 05/29/26 P5860 | — | $-102K | -18.85% |
| VIX US 04/15/26 C23 | — | $-138K | -25.53% |
| SPX US 05/15/26 P6150 | — | $-282K | -52.39% |
| SPX US 12/17/27 C8500 | — | $-373K | -69.34% |

## Net asset history

| Report date | Net assets |
| --- | --- |
| 2026-03-31 | $53.9M |
| 2025-12-31 | $51.6M |
| 2025-09-30 | $52.2M |
| 2025-06-30 | $47.7M |
| 2025-03-31 | $55.9M |
| 2024-12-31 | $36.5M |
| 2024-09-30 | $35.5M |
| 2024-06-30 | $34.3M |

## 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/S000063531.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.