ACM Dynamic Opportunity Fund
Data updated: 2023-05-26
C000150164 — ACM Dynamic Opportunity Fund. Emerging Markets Large Cap Growth Equity · $71.44M AUM. Holdings, fees, performance and SEC filings.
C000150164 Fund Overview
ACM Dynamic Opportunity Fund is a US mutual fund managed by Northern Lights Fund Trust III, categorised as Emerging Markets Large Cap 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: Emerging Markets Large Cap Growth Equity
- Assets under management: $71.44M
- 1-year return: -11.3%
- SEC CIK: 0001537140
- SEC series ID: S000047794
- Share class ID: C000150164
C000150164 Investment Objective and Strategy
ACM Dynamic Opportunity 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 ACM Dynamic Opportunity Fund (the Fund) seeks long-term capital appreciation with a short-term focus on capital preservation.
Principal investment strategy
To pursue its investment objective, the Fund invests in domestic and foreign (including emerging markets) equity securities of any market capitalization. The Fund may also take long or short positions in index exchange traded funds (ETFs) to hedge the Funds equity portfolio. The Funds adviser, Ascendant Capital Management, LLC (the Adviser), selects equity securities for the Funds portfolio that are experiencing meaningful breakouts. A breakout is a significant movement that involves a combination of price and trading volume in a given security. The Adviser further screens these breakout candidates to ensure they meet certain fundamental and technical criteria as determined by the Adviser such as the earnings per share growth, revenue growth, and upward revisions of estimates and profitability of the issuers of the securities.
The Adviser will sell a security when it drops a certain percentage from its purchase price (stop-loss), or if the price drops below a key technical level (such as the 50 day moving price average for the security) in combination with a rise in trading volume. The Fund has no set holding period for any security and actively trades its portfolio investments, which may result in a high portfolio turnover rate. The Funds investment strategies for short positions can include: (1) selling short an ETF or other security that tracks a broad or narrow market index, in hopes of buying the security at a future date at a lower price; (2) selling short common stocks; (3) buying a put option on an ETF or other security that tracks a broad or narrow market index; (4) buying an ETF or other security that is designed to appreciate in value when the value of a broad or narrow market index declines; (5) selling a covered call option on a security that the Fund owns for the duration of the option period; and (6) holding a short position in an ETF or other security that tracks a broad or narrow market index and adding to the Funds long positions in particular stocks by a corresponding amount.
The use of short positions or hedges is designed to adjust the overall net exposure of the portfolio to limit the downside exposure of the portfolio to declines in the overall market. The net long exposure of the portfolio can fluctuate anywhere between 0% long and 100% long. A portfolios net exposure is the percentage of assets invested in long positions minus the percentage of assets invested in short positions (hedges). For example, if the portfolio is 50% invested in long positions while simultaneously being 50% invested in hedges, the net long exposure would equal zero percent. The Adviser monitors numerous broad market indexes and several key moving averages. Short positions will be will be taken off as select market indexes rise above certain moving averages as identified by the Adviser.
C000150164 Holdings
Top 10 holdings of ACM Dynamic Opportunity Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| First Amern Fds, Inc. | 48.94% |
| US Bank Mmda | 21.72% |
| Goldman Sachs Trust | 8.19% |
| Alphabet Inc. | 1.79% |
| Amazon.com, Inc. | 1.77% |
| UnitedHealth Group Inc. | 1.58% |
| Northrop Grumman Corporation | 1.47% |
| Visa Inc | 1.33% |
| Apple Inc. | 1.30% |
| United States Treasury Bills | 1.25% |
C000150164 Portfolio Allocation
Asset-class allocation of ACM Dynamic Opportunity Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Cash & Equivalents | 78.8% |
| Equity | 18.7% |
| Fixed Income | 1.2% |
| Derivatives | 0.5% |
C000150164 Performance
Total returns for C000150164 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -11.3% |
| 3 years (annualised) | 4.1% |
C000150164 Risk Information
Risk metrics for C000150164, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 5.3%
C000150164 Costs and Fees
C000150164 costs about $213 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.13%
- Gross expense ratio: 2.13%
- Portfolio turnover: 742%
- Brokerage commissions: 32.51 bps of average net assets (SEC N-CEN)
C000150164 Cashflows
Over the 12 months to 2023-03, ACM Dynamic Opportunity Fund had net inflows of $48.25M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-03 | $8.66M |
| 2023-02 | $6.75M |
| 2023-01 | $3.84M |
| 2022-12 | $6.53M |
| 2022-11 | $1.96M |
| 2022-10 | $2.01M |
C000150164 Debt Constituents
Largest debt holdings of ACM Dynamic Opportunity Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Treasury Bills | 1.25% |
C000150164 Prospectus and SEC Filings
Official ACM Dynamic Opportunity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-04-24
- Prospectus supplement (497) — filed 2022-05-06
- Prospectus supplement (497) — filed 2021-05-21
- Portfolio holdings (N-PORT) — filed 2023-05-26
- Portfolio holdings (N-PORT) — filed 2023-02-27
- Portfolio holdings (N-PORT) — filed 2022-11-21
- Annual census (N-CEN) — filed 2023-03-15
- Annual census (N-CEN) — filed 2022-03-15
Related Funds
Other Emerging Markets Large Cap Growth 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.