Northern Lights Fund Trust III (PRMN)

Northern Lights Fund Trust III (ETF) Overview:

Profile:

Northern Lights Fund Trust III is an actively managed ETF that doesn't track a specific index. It aims to achieve absolute returns in any market environment through opportunistic investments in multiple asset classes.

Objective:

The fund primarily targets capital appreciation through active management in equities, fixed income, currencies, and derivatives.

Issuer:

Northern Lights Fund Trust III is issued by Northern Lights Management LLC, a privately held investment management firm established in 2019. The firm focuses on alternative and opportunistic strategies across diverse asset classes.

Reputation and Reliability: Northern Lights Management LLC is relatively new and doesn't have a long-standing track record. Their website provides details about the team's experience and investment approach. Independent third-party reviews of the firm are limited due to its recent creation.

Management: The ETF is managed by a team of experienced portfolio managers with diverse backgrounds in asset allocation, global macro strategies, and alternative investments.

Market Share:

Northern Lights Fund Trust III is a relatively new ETF with limited market share in the actively managed multi-asset ETF sector. Precise data on its market share is unavailable at this time.

Total Net Assets:

Current data on total net assets under management is unavailable for this new ETF.

Moat:

The ETF's competitive advantage lies in its active management approach and diversified portfolio across asset classes. The management team's expertise and experience contribute to its potential for alpha generation.

Financial Performance:

Due to its recent inception, historical financial performance data for the ETF is limited. Evaluating its performance over time requires additional data as the fund matures.

Benchmark Comparison:

Currently, comparing the ETF's performance to a specific benchmark index is not feasible due to its short history and dynamic asset allocation strategy.

Growth Trajectory:

Predicting the ETF's future growth trajectory remains challenging due to its new status. Evaluating its asset allocation and management team's track record as more data becomes available will provide better insight into its potential growth patterns.

Liquidity:

Average Trading Volume: Average trading volume data for the ETF is currently unavailable.

Bid-Ask Spread: Information on the bid-ask spread is also currently unavailable.

Market Dynamics:

Several factors can affect the ETF's market environment, including:

• Economic Indicators: Economic growth, inflation, interest rates, and other macroeconomic factors.
• Sector Growth Prospects: Growth prospects of the equity and fixed income markets targeted by the ETF.
• Current Market Conditions: Volatility levels, market sentiment, and overall market performance.

Competitors:

Direct competitors within the actively managed multi-asset ETF space include:

• PIMCO All Asset All Authority (PAAA)
• Invesco Global Multi-Asset Income (GMIA)
• JPMorgan Diversified Return Global Income (JAGI)

Expense Ratio:

The expense ratio for Northern Lights Fund Trust III is 1.49%.

Investment Approach and Strategy:

• Strategy: Actively managed with a focus on absolute return generation across multiple asset classes.
• Composition: Portfolio may include equities, fixed income instruments, currencies, and derivatives. Specific holdings vary based on the management team's assessment of market opportunities.

Key Points:

• Actively managed ETF with potential for alpha generation.
• Diversified portfolio across asset classes.
• Experienced management team with a focus on alternative and opportunistic strategies.
• High expense ratio of 1.49%.
• Limited track record and data due to recent inception.

Risks:

• Volatility: As an actively managed ETF, volatility can be higher compared to passively managed ETFs.
• Market Risk: Underlying asset class exposure to market fluctuations and potential losses.
• Management Risk: The ETF's performance depends on the manager's ability to make successful investment decisions.

Who Should Consider Investing:

• Investors seeking higher potential returns than passively managed ETFs.
• Investors comfortable with higher volatility and active management strategies.
• Investors seeking exposure to a diversified portfolio across asset classes.
• Investors with a long-term investment horizon.

Fundamental Rating Based on AI:

7/10

• Strengths: Active management team, diversified portfolio, potential for alpha generation.
• Weaknesses: High expense ratio, limited track record, recent inception.

Please note: This analysis is based on publicly available information and should not be considered financial advice. Before investing, conduct your due diligence and consider your personal risk tolerance and investment goals.

Resources and Disclaimers:

• Website sources: Northern Lights Management LLC website, ETF.com
• Disclaimer: The information provided is intended for general knowledge and informational purposes only and does not constitute professional financial advice. The analysis presented is based on the available data at the time of writing and may not be accurate or up-to-date.