BWDIX
Boyd Watterson Limited Duration Enhanced Income Fund
NORTHERN LIGHTS FUND TRUST III

Portfolio concentration

As of March 31, 2026 · N-PORT
Holdings
163
Top-10 weight
20.17%
Effective holdings ?
92
Crowding ?
81.2

Holdings

As of March 31, 2026 · N-PORT
#SecurityTickerSharesValue% of fund
1 US TREASURY N/B 28,625,000 $27.56M 4.90%
2 US TREASURY N/B 22,975,000 $22.91M 4.07%
3 Exeter Automobile Receivables Trust, Series 2021-4A, Class E 10,597,000 $10.56M 1.88%
4 FIRST INVESTORS AUTO OWNER TRUST 2023-1 FIAOT 2023-1A D 8,400,000 $8.72M 1.55%
5 MORGAN STANLEY 8,045,000 $8.17M 1.45%
6 COF V3.95 PERP M COF 8,100,000 $7.99M 1.42%
7 Neuberger Berman CLO XVII Ltd 7,600,000 $7.60M 1.35%
8 SAND 2021-1A DR2 6,750,000 $6.75M 1.20%
9 MTZ 4 1/2 08/15/28 MTZ 6,500,000 $6.43M 1.14%
10 OCTAGON INVT PARTNERS XXI LTD / OCTAGON INVT PARTNERS XXI LLC BR4 TSFR3M+135 02/14/2031 144A 6,250,000 $6.25M 1.11%
11 PLAINS ALL AMERN PIPELINE LP TSFR3M+437.161 PERP PAA 6,200,000 $6.19M 1.10%
12 BRIDGECREST LENDING AUTO SECURITIZATION TRUST 2023-1 SER 2023-1 CL D REGD 7.84000000 BLAST 5,890,000 $6.14M 1.09%
13 Magnetite Xli Ltd 5.64 MAGNE 6,000,000 $5.98M 1.06%
14 INSTALLED BUILDING PRODUCTS IN COMPANY GUAR 144A 02/34 5.625 IBP 6,100,000 $5.97M 1.06%
15 Exeter Automobile Receivables Trust, Series 2025-4A, Class E 6,000,000 $5.92M 1.05%
16 Exeter Automobile Receivables Trust, Series 2022-2A, Class E 5,993,000 $5.86M 1.04%
17 ICG 2015-2RA A2R 5,750,000 $5.75M 1.02%
18 OHA Credit Partners XIV Ltd 5,575,000 $5.49M 0.98%
19 Voya CLO Ltd., Series 2013-1A, Class BR 5,220,000 $5.22M 0.93%
20 VW 5.9 09/12/33 5,000,000 $5.13M 0.91%
21 AGL 2022-22A CR 5,110,000 $5.11M 0.91%
22 PR 6.25 02/01/33 144A PR 5,000,000 $5.10M 0.91%
23 Neuberger Berman Loan Advisers CLO Ltd., Series 2021-42A, Class CR 5,000,000 $5.00M 0.89%
24 MERITAGE HOMES 5,000,000 $5.00M 0.89%
25 ANTERO MIDSTREAM PARTNERS LP / SR UNSECURED 144A 10/33 5.75 AM 5,000,000 $4.95M 0.88%
26 SNDPT 2017-1A E 4,989,131 $4.94M 0.88%
27 HUNTINGTON BANCSHARES JR SUBORDINA 12/99 VAR HBAN 5,000,000 $4.92M 0.87%
28 FIRSTCASH INC REGD 144A P/P 4.62500000 FCFS 5,000,000 $4.91M 0.87%
29 HWRI TL B 1L USD 4,831,541 $4.85M 0.86%
30 WLAKE 2023-1A D 144A 6.79% 11-15-28 WLAKE 4,750,000 $4.83M 0.86%
31 CARMX 2023-1 D CARMX 4,720,000 $4.80M 0.85%
32 Cifc Funding 2014-IV-R Ltd 4,885,000 $4.79M 0.85%
33 ICG 2015-2RA CR 4,750,000 $4.75M 0.84%
34 CGMS 2015-5A CR4 4,600,000 $4.60M 0.82%
35 AGL 2023-25A ER 4,850,000 $4.55M 0.81%
36 MURPHY OIL CORP SR UNSEC 6.0% 10-01-32 MUR 4,510,000 $4.48M 0.80%
37 CRS 5.625 03/01/34 144A CRS 4,500,000 $4.44M 0.79%
38 H.B. Fuller Company, Term Loan B 4,406,905 $4.43M 0.79%
39 APEXC 2020-1A DR3 4,500,000 $4.42M 0.79%
40 Performance Food Group Inc 4,500,000 $4.35M 0.77%
41 LPX 3 5/8 03/15/29 LPX 4,472,000 $4.29M 0.76%
42 First Investors Auto Owner Trust 2022-1 4,280,000 $4.26M 0.76%
43 SM ENERGY CO 144A LIFE SR UNSEC 8.625% 11-01-30 CIVI 4,000,000 $4.22M 0.75%
44 JPMorgan Chase & Co., Series OO 4,000,000 $4.11M 0.73%
45 WLAKE 2023-3A D 144A 6.47% 03-15-29 WLAKE 4,000,000 $4.07M 0.72%
46 DARLING INGREDIENTS INC REGD 144A P/P 5.25000000 DAR 4,009,000 $4.02M 0.71%
47 First Investors Auto Owner Trust, Series 2025-1A, Class D FIAOT 4,000,000 $4.01M 0.71%
48 Bank of America Corp., Series FF BAC 3,995,000 $4.00M 0.71%
49 Exeter Automobile Receivables Trust, Series 2022-1A, Class E 4,000,000 $3.96M 0.70%
50 Genesee & Wyoming Term Loan B 200 2031-03-25 GWR 3,950,000 $3.94M 0.70%
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