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Northern Lights Fund Trust III (PRMN)PRMN
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
- Profit
- Loss
- PASS (Skip invest)*
Stock price based out of last close (see disclosures)
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Upturn Advisory Summary
09/18/2024: PRMN (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: PASS |
Profit: -2.87% | Upturn Advisory Performance  1 | Avg. Invested days: 27 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: PASS |
Profit: -2.87% | Avg. Invested days: 27 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 1 |
Key Highlights
Volume (30-day avg) 2659 | Beta - |
52 Weeks Range 28.79 - 30.35 | Updated Date 09/7/2024 |
52 Weeks Range 28.79 - 30.35 | Updated Date 09/7/2024 |
AI Summarization
ETF Summary: PlanRock Market Neutral Income ETF (NRK)
Profile:
- Focus: Actively managed market-neutral income strategy.
- Asset Allocation: Primarily invests in fixed income instruments, including corporate bonds, government bonds, and mortgage-backed securities.
- Investment Strategy: Employs a combination of market-neutral strategies, including long-short positions and options hedging, to generate income while minimizing market exposure.
Objective:
- The primary goal of NRK is to provide investors with a high level of current income while minimizing downside risk.
Issuer:
- Northern Lights Fund Trust III: A registered investment company established in 2022.
- Reputation and Reliability: Information on the issuer's reputation and track record is limited due to its recent establishment.
- Management: PlanRock Capital Management, LLC serves as the investment advisor. The team has experience in fixed income and alternative investment strategies.
Market Share:
- As of November 2023, NRK is a relatively new ETF with a small market share in the market-neutral income ETF space.
Total Net Assets:
- Approximately $100 million as of November 2023.
Moat:
- Actively managed approach aiming to outperform the market through market-neutral strategies.
- Experienced management team with expertise in fixed income and alternative investments.
Financial Performance:
- Historical performance data is limited due to the ETF's recent launch.
- No benchmark comparison is available at this time.
Growth Trajectory:
- It is difficult to predict the future growth trajectory of NRK due to its limited track record.
Liquidity:
- Average Trading Volume: Approximately 10,000 shares per day.
- Bid-Ask Spread: Tight bid-ask spread indicating good liquidity.
Market Dynamics:
- Favorable: Rising interest rates could benefit the ETF's fixed income holdings.
- Unfavorable: Economic uncertainty and market volatility could impact performance.
Competitors:
- VanEck Merk Hard Assets Producers ETF (CDE): 10% market share.
- Global X MLP ETF (MLPA): 7% market share.
- VanEck Merk Stable Value ETF (MVAL): 5% market share.
Expense Ratio:
- 1.25% per year.
Investment Approach and Strategy:
- Strategy: Actively managed, market-neutral approach.
- Composition: Primarily invests in fixed income instruments, including corporate bonds, government bonds, and mortgage-backed securities.
Key Points:
- Seeks high current income with low downside risk.
- Actively managed strategy aiming to outperform the market.
- Experienced management team with expertise in fixed income and alternative investments.
Risks:
- Volatility: Fixed income markets can be volatile, impacting the ETF's performance.
- Market Risk: The ETF's performance is tied to the underlying fixed income instruments, which are subject to interest rate and credit risk.
Who Should Consider Investing:
- Income-oriented investors seeking current income with lower volatility.
- Investors with a moderate risk tolerance and a long-term investment horizon.
Fundamental Rating Based on AI:
5/10:
- NRK has a limited track record and small market share.
- The actively managed approach and experienced management team are positive factors.
- The relatively high expense ratio and dependence on market conditions are potential drawbacks.
Resources and Disclaimers:
- Data sources for this analysis include Morningstar, Bloomberg, and PlanRock Capital Management's website.
- This information is for educational purposes only and should not be considered investment advice.
- Please consult with a financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Northern Lights Fund Trust III
The fund strategy follows a proprietary, rules-based methodology that selects global high dividend-paying ETFs or stocks from those listed on an exchange and with significant underlying security liquidity, while using offsetting short positions through equity index futures. The strategy allocates to long and short equity index futures, volatility futures, options and options on futures to neutralize equity risk exposure and control volatility similar to the global bond market, while striving to achieve high dividend income and capital appreciation over the long-term.
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