APSHX
Pinnacle Multi-Strategy Core Fund
NORTHERN LIGHTS FUND TRUST III
Fund of funds
Expense ratio1
1.80%
Net assets2
$29.19M
Holdings2
10
Category
US Equity
2025 return3
10.49%

Investment objective & strategy

As of Jan. 27, 2026 · prospectus

Objective. The Fund seeks high total return with reasonable risk.

Strategy. The Fund seeks to meet its investment objective by investing, under normal market conditions, in foreign and domestic (i) equity securities of all market capitalizations, (ii) fixed income securities of any credit quality, and (iii) cash and cash equivalents. The Fund intends to generally invest in a mix of asset classes. The Fund may invest in individual securities or in exchange traded funds (?ETFs?) and may invest in emerging markets. The Fund actively trades its portfolio investments. The Adviser uses four proprietary risk management signals to determine the Fund?s equity, fixed income, and/or cash allocations: The Pinnacle Short-Intermediate Term Signal reviews domestic equity industry groups to determine whether domestic equities are trending upward. The Pinnacle Intermediate-Term RS Signal compares three … The Fund seeks to meet its investment objective by investing, under normal market conditions, in foreign and domestic (i) equity securities of all market capitalizations, (ii) fixed income securities of any credit quality, and (iii) cash and cash equivalents. The Fund intends to generally invest in a mix of asset classes. The Fund may invest in individual securities or in exchange traded funds (?ETFs?) and may invest in emerging markets. The Fund actively trades its portfolio investments. The Adviser uses four proprietary risk management signals to determine the Fund?s equity, fixed income, and/or cash allocations: The Pinnacle Short-Intermediate Term Signal reviews domestic equity industry groups to determine whether domestic equities are trending upward. The Pinnacle Intermediate-Term RS Signal compares three equity indices to cash on a daily basis to determine whether domestic equities are trending upward. The Pinnacle Multi-Term Signal measures technical indicators and thresholds on a weekly basis to determine whether assets should remain invested in foreign or domestic equities. The Pinnacle Long-Term Signal measures market analytics over a 6-month or longer time period to determine whether assets based on this signal are invested in foreign or domestic equities. The process follows these general steps: (1) the expected market trend, as determined by the risk management signals, for equity securities over a period is examined; (2) if equities are trending upward for the applicable period based on the risk management signal, the assets allocated based on that particular signal are invested in equities based on the Pinnacle Relative Strength Investment Rankings of equity asset classes, equity sectors and subsectors that are representative of the entire market; and (3) if equities are trending downward based on the risk management signal, the assets allocated based on that particular management signal are invested in fixed income securities or cash. The Pinnacle Relative Strength Investment Rankings compare equities on intermediate-term price performance to each other and to broad-based equity indices. The higher-ranking equity asset classes, sectors, and subsectors will provide at least 75% of the equity exposure of the Fund. The Fund may invest up to 25% in individual equities.

Top holdings

As of March 31, 2026 · N-PORT

Allocation by sector

As of March 31, 2026 · N-PORT
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Portfolio moves

Dec 31, 2025 → Mar 31, 2026
Opened
5
Exited
19
Increased
2
Decreased
3
Unchanged
0

How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.

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Advisers

As of September 30, 2025 · N-CEN
FirmRole
Pinnacle Family Advisors, LLC Adviser

Footnotes

  1. Expense ratio as of January 27, 2026, from the fund's prospectus.
  2. Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
  3. Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).

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