TCBAX
The Covered Bridge Fund
NORTHERN LIGHTS FUND TRUST III
Expense ratio1
1.77%
Net assets2
$113.05M
Holdings2
61
Category
US Equity
2025 return3
12.33%

Investment objective & strategy

As of Jan. 27, 2026 · prospectus

Objective. The Fund seeks current income and realized gains from writing options

Strategy. The Fund seeks its investment objective by investing, under normal market conditions, in dividend paying equity securities of domestic and foreign large capitalization companies. The Adviser defines large capitalization companies to be those with total average market values of at least $10 billion. The Fund also sells options on these securities in order to generate income for the Fund from premiums. The Fund expects to invest up to 20% of the Fund?s assets in foreign securities and the remainder in domestic securities. It is expected that the Fund?s strategy will result in high portfolio turnover. The Fund seeks its investment objective by investing, under normal market conditions, in dividend paying equity securities of domestic and foreign large capitalization companies. The Adviser defines large capitalization companies to be those with total average market values of at least $10 billion. The Fund also sells options on these securities in order to generate income for the Fund from premiums. The Fund expects to invest up to 20% of the Fund?s assets in foreign securities and the remainder in domestic securities. It is expected that the Fund?s strategy will result in high portfolio turnover.

Top holdings

As of March 31, 2026 · N-PORT
SecurityTickerValue% of fund
FIRST AM-TR OB-X TMPXX $9.11M 8.05%
MICROSOFT CORP $5.18M 4.58%
PFIZER INC $3.23M 2.86%
VERIZON COMMUNICATIONS INC $3.06M 2.71%
INTEL CORP $2.91M 2.58%
ACCENTURE PLC-A $2.78M 2.46%
UNITED PARCEL SERVICE INC CL B $2.75M 2.44%
WALT DISNEY CO/T $2.41M 2.13%
DOMINION ENERGY INC $2.40M 2.13%
JPMORGAN CHASE and CO $2.35M 2.08%
View all holdings →

Allocation by sector

As of March 31, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Dec 31, 2025 → Mar 31, 2026
Opened
2
Exited
3
Increased
20
Decreased
21
Unchanged
19

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.

View portfolio moves →

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Advisers

As of September 30, 2025 · N-CEN
FirmRole
Stonebridge Capital 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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