AAMAX — Absolute Capital Asset Allocator Fund, Class A
Data updated: 2026-08-26
AAMAX — Absolute Capital Asset Allocator Fund, Class A. 1.82% expense ratio · 5.75% max sales load · since 2015. Holdings, fees, performance and SEC filings.
AAMAX Fund Overview
AAMAX — Absolute Capital Asset Allocator Fund, Class A is a US mutual fund managed by Northern Lights Fund Trust III, categorised as United States Large Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Northern Lights Fund Trust III
- Category: United States Large Cap Blend / Core Equity
- Assets under management: $80.50M
- 1-year return: 15.0%
- Ticker: AAMAX
- SEC CIK: 0001537140
- SEC series ID: S000051215
- Share class ID: C000161384
AAMAX Investment Objective and Strategy
Absolute Capital Asset Allocator Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Northern Lights Fund Trust III.
Investment objective
The Absolute Capital Asset Allocator Fund (the Fund) seeks long term capital appreciation.
Principal investment strategy
The Fund seeks to achieve its investment objective by investing directly or indirectly through other investment companies, including mutual funds, exchange traded funds (ETFs) and closed-end funds (collectively, Underlying Funds) in domestic and foreign (including emerging markets) (i) fixed income securities of any maturity or credit quality (including junk bonds); (ii) equity securities of any market capitalization; and (iii) exchange traded notes (ETNs). In selecting securities for the Fund, the Funds adviser, Absolute Capital Management, LLC (the Adviser), first identifies a universe of investable securities by analyzing market trends in equity and fixed income securities by evaluating both quantitative and qualitative data, including the overall price movement of various indices that represent different segments of the market.
The Adviser then uses this assessment to allocate the Funds assets among the asset classes described above. If, for example, an index that represents domestic equity securities indicates to the Adviser that the domestic equity segment of the market is increasing in value while an index that represents domestic fixed income securities is decreasing in value, then the Fund would allocate the Funds portfolio to equities instead of fixed income or cash. The asset classes and weightings of the Fund will vary over time based on the Advisers analysis and in response to changing market conditions, which generally results in high portfolio turnover.
AAMAX Holdings
Top 10 holdings of Absolute Capital Asset Allocator Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Vanguard Institutional Index Funds | 8.71% |
| Ishares Trust | 7.39% |
| Vanguard Admiral Funds | 7.08% |
| Select Sector Spdr Trust (the) | 6.15% |
| Spdr Series Trust | 6.13% |
| First American Funds, Inc. | 6.08% |
| Vanguard World Fund | 4.75% |
| Vanguard Scottsdale Funds | 4.42% |
| Spdr Series Trust | 4.37% |
| Vanguard International Equity Index Funds | 4.28% |
AAMAX Portfolio Allocation
Asset-class allocation of Absolute Capital Asset Allocator Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 94.0% |
| Cash & Equivalents | 6.1% |
AAMAX Performance
Total returns for AAMAX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 9.20% |
| 1 year | 14.96% |
| 3 years (annualised) | 11.98% |
| 5 years (annualised) | 5.62% |
AAMAX Risk Information
Risk metrics for AAMAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.93%
AAMAX Costs and Fees
AAMAX costs about $182 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.82%
- Gross expense ratio: 1.82%
- Portfolio turnover: 78%
- Brokerage commissions: 1.15 bps of average net assets (SEC N-CEN)
AAMAX Cashflows
Over the 12 months to 2026-06, Absolute Capital Asset Allocator Fund had net inflows of $17.96M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $4.41M |
| 2026-05 | −$757.04K |
| 2026-04 | $1.23M |
| 2026-03 | $1.90M |
| 2026-02 | $2.78M |
| 2026-01 | $531.35K |
AAMAX Debt Constituents
No individual debt constituents are reported in Absolute Capital Asset Allocator Fund's latest SEC N-PORT filing.
AAMAX Prospectus and SEC Filings
Official Absolute Capital Asset Allocator Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-01-28
- Prospectus (485BPOS) — filed 2025-01-28
- Prospectus (485BPOS) — filed 2024-01-25
- Portfolio holdings (N-PORT) — filed 2026-08-26
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-02-26
- Annual census (N-CEN) — filed 2025-12-15
- Annual census (N-CEN) — filed 2024-12-13
Related Funds
Other United States Large Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.