APTRX — Pinnacle TrendRating Innovative Equity Fund
Data updated: 2022-05-09
APTRX — Pinnacle TrendRating Innovative Equity Fund. Growth Equity · $6.33M AUM · 1.24% expense ratio. Holdings, fees, performance and SEC filings.
APTRX Fund Overview
APTRX — Pinnacle TrendRating Innovative Equity Fund is a US mutual fund managed by Northern Lights Fund Trust III, categorised as Growth 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: Growth Equity
- Assets under management: $6.33M
- 1-year return: -14.3%
- Ticker: APTRX
- SEC CIK: 0001537140
- SEC series ID: S000063529
- Share class ID: C000205832
APTRX Investment Objective and Strategy
Pinnacle TrendRating Innovative Equity 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 Pinnacle TrendRating Innovative Equity Fund (the Fund) seeks high total return.
Principal investment strategy
Under normal market conditions, the Fund invests at least 95% of its assets (plus the amount of borrowing, if any) in equity securities. The Fund defines equity securities as common stock. The Fund intends to invest in 25 of the 500 largest market capitalized common stocks, excluding ADRs, trading in the U.S. based on a rank given to each of these stocks by the Adviser every month. The Adviser ranks each stock using the TrendRating Smart Momentum Score (SMS), a proprietary system of Trendrating S.A., which considers 8 out of over 350 factors that TrendRatings research has determined to be the most effective in capturing medium to long term price trends ranging from a few months (medium term) to a few quarters (long term). The SMS measures the strength of a trend for a given stock. Each stock is given an SMS between -3.0 and +3.0, where a score of +2.0-+3.0 indicates a strong bull trend and a score of +1.0-+2.0 indicates the beginning of a bull trend, whereas a score of -1.0--2.0 indicates the inception of a bear trend and a score of -2.0--3.0 indicates a strong bear trend.
Based on the scoring, the Fund may be focused in certain sectors and industries. The importance of each factor to the SMS is adjusted on the last trading day of each month based on price patterns and volatility. The 25 highest ranked stocks will make up the Funds initial portfolio. All valid positions (stocks maintaining a positive SMS) remaining from previous months will maintain their allocation percentage up to 8% for any one stock, and any new holdings will be equally weighted among the percentage available from stocks being removed. The Fund intends to be fully invested in 25 common stocks chosen through TrendRatings proprietary system. If there are not enough stocks with a positive SMS, the Fund may hold some of its assets in cash.
APTRX Performance
Total returns for APTRX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -14.3% |
| 3 years (annualised) | 0.7% |
APTRX Risk Information
Risk metrics for APTRX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 18.9%
APTRX Costs and Fees
APTRX costs about $124 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.24%
- Gross expense ratio: 3.33%
- Portfolio turnover: 267%
- Brokerage commissions: 5.07 bps of average net assets (SEC N-CEN)
APTRX Cashflows
Over the 12 months to 2022-03, Pinnacle TrendRating Innovative Equity Fund had net inflows of $8.20M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-03 | $53.01K |
| 2022-02 | $131.25K |
| 2022-01 | $1.31M |
| 2021-12 | $6.67M |
| 2021-11 | $0 |
| 2021-10 | $180 |
APTRX Debt Constituents
No individual debt constituents are reported in Pinnacle TrendRating Innovative Equity Fund's latest SEC N-PORT filing.
APTRX Prospectus and SEC Filings
Official Pinnacle TrendRating Innovative Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-02-01
- Prospectus supplement (497) — filed 2022-02-07
- Prospectus supplement (497) — filed 2021-10-29
- Portfolio holdings (N-PORT) — filed 2022-05-09
- Portfolio holdings (N-PORT) — filed 2022-03-01
- Portfolio holdings (N-PORT) — filed 2021-11-24
- Annual census (N-CEN) — filed 2021-12-13
- Annual census (N-CEN) — filed 2020-12-14
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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.