Northern Lights Fund Trust III (PRAE)PRAE

ETF Northern Lights Fund Trust III - PlanRock Alternative Growth ETF (NYSE: PLAN)

Profile:

PlanRock Alternative Growth ETF (PLAN) is a actively managed ETF that seeks long-term capital appreciation by investing in a diversified portfolio of alternative investment strategies and traditional equities.

Objective:

The primary investment goals of PLAN are to achieve capital appreciation and outperform the Solactive Alternative Growth Index (SAGI) over a full market cycle.

Issuer:

PLAN is issued by Northern Lights Fund Trust III, a newly established trust. As of November 2023, the issuer is relatively new and has limited history in the market.

Management:

The ETF is managed by PlanRock Capital Management, an investment advisory firm specializing in alternative investments. The firm has a team of experienced professionals with expertise in various alternative investment strategies.

Market Share:

PLAN is a relatively new ETF and its market share is currently minimal.

Total Net Assets:

As of November 2023, PLAN has approximately $50 million in total net assets.

Moat:

PLAN's competitive advantages include its actively managed approach, diversified portfolio, and focus on alternative investments.

Financial Performance:

PLAN has a limited track record of its own, however, it seeks to outperform the Solactive Alternative Growth Index (SAGI) which has a strong historical performance.

Growth Trajectory:

The alternative investment market is expected to grow significantly in the coming years, which may benefit PLAN.

Liquidity:

PLAN has a moderate average trading volume. The bid-ask spread is also relatively narrow, indicating good liquidity.

Market Dynamics:

The ETF's performance is likely to be impacted by factors such as economic conditions, interest rates, and the performance of alternative investments.

Competitors:

PLAN's key competitors include:

• iShares Alternative Strategies ETF (AYS)
• Global X Alternative Harvest ETF (ALTA)
• VanEck Merk Hard Assets Producers ETF (HAUZ)

Expense Ratio:

PLAN has an expense ratio of 0.95%.

Investment Approach and Strategy:

PLAN actively manages its portfolio to invest in a diversified mix of alternative investment strategies and traditional equities. The ETF uses a quantitative model to select investments and seeks to generate alpha through active management.

Key Points:

• Actively managed ETF targeting alternative investments and traditional equities.
• Seeks long-term capital appreciation and aims to outperform the Solactive Alternative Growth Index (SAGI).
• Managed by PlanRock Capital Management, a firm specializing in alternative investments.
• Relatively new ETF with moderate liquidity.

Risks:

• The ETF's performance is dependent on the performance of alternative investments, which can be volatile.
• The actively managed approach may not outperform the market.
• The ETF is relatively new and has a limited track record.

Who Should Consider Investing:

PLAN is suitable for investors seeking long-term capital appreciation and exposure to alternative investments. It is also appropriate for investors who are comfortable with higher volatility.

Fundamental Rating Based on AI:

7/10

While PLAN has a strong investment strategy and management team, its newness and limited track record limit its current rating. Its performance and market share are expected to improve as it matures and gains traction in the market.

Resources and Disclaimers:

• Northern Lights Fund Trust III website: https://www.northernlightsfundtrust.com/
• PlanRock Capital Management website: https://www.planrockcapital.com/

This information is for educational purposes only and should not be considered as financial advice. Please consult with a qualified financial advisor before making any investment decisions.