Centerstone International Fund
Data updated: 2025-02-28
C000225288 — Centerstone International Fund. Global (incl. US) Mid Cap Value Utilities Equity · $5.42M AUM. Holdings, fees, performance and SEC filings.
C000225288 Fund Overview
Centerstone International Fund is a US mutual fund managed by Northern Lights Fund Trust III, categorised as Global (incl. US) Mid Cap Value Utilities 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: Global (incl. US) Mid Cap Value Utilities Equity
- Assets under management: $5.42M
- 1-year return: -5.9%
- SEC CIK: 0001537140
- SEC series ID: S000070943
- Share class ID: C000225288
C000225288 Investment Objective and Strategy
Centerstone International 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 investment objective of the Centerstone International Fund (the ?International Fund?) is to seek long-term growth of capital.
Principal investment strategy
To achieve its objective of long-term capital growth, normally, the International Fund invests at least 60% of its net assets in foreign (non-U.S.) equity securities. Equity securities are selected based on their price versus value, business quality and balance sheet strength, among other factors. The International Fund also may invest up to 40% of its total assets in debt instruments (including those of foreign issuers). The International Fund may also invest in cash and cash equivalents. The International Fund may generally invest in the following fixed income securities: notes, bills and debentures, bank debt obligations, high-yield debt securities rated below investment grade, convertible securities, Rule 144A securities (Rule 144A securities are restricted securities that can be resold to qualified institutional buyers but not to the general public); and securities issued by international government or quasi-government organizations and sovereign debt securities.
The International Fund may invest in debt securities generally without regard to their credit rating or time to maturity. The International Fund may invest up to 20% of its total assets in lower-rated or defaulted debt securities (including so-called ?junk bonds?), corporate debt, comparable unrated debt securities, or other indebtedness (or participations in the indebtedness) of such companies. In selecting debt securities to achieve the International Fund?s investment objective, the Adviser considers the likelihood of default and the potential for capital appreciation. The International Fund may also invest up to 10% of its total assets in precious metals such as gold or silver, or in instruments related to such precious metals such as commodity contracts, options on such contracts, structured notes and ETFs.
The International Fund may invest in the foregoing securities or assets directly or gain exposure to such securities or assets indirectly by investing in ETFs or other investment companies. The International Fund particularly seeks companies that have financial strength and stability, strong management and fundamental or intrinsic value. ?Intrinsic value? is based on our judgment of what a prudent and rational business buyer would pay in cash for a company in normal markets. The Adviser follows a bottom-up oriented long-term investment philosophy. The International Fund identifies investment opportunities through intensive research of individual companies and generally does not focus or rely on current stock market conditions and other macro factors when assessing potential investment opportunities.
The International Fund focuses its investments in areas where the Adviser finds the most compelling opportunities at any given moment and on situations that, in the Adviser?s opinion, have the potential for capital appreciation. The investment philosophy and strategy of the International Fund seeks a ?margin of safety? in investments, i.e., where the market price of an investment is below its fundamental value, with the goal being to avoid permanent impairment of capital (as opposed to temporary losses in share value relating to shifting investor sentiment or other normal share price volatility). In particular, a discount to ?intrinsic value? is sought even for the best of businesses, with a deeper discount demanded for companies that the Adviser views as under business model, balance sheet, management or other stresses.
For these reasons, the International Fund may seek investments in the equity securities of companies in industries that are believed to be temporarily depressed. Investment decisions for the International Fund are made without regard to the capitalization (size) of the companies in which it invests. The International Fund invests primarily in equity securities of companies traded in mature markets (markets that already have a number of established companies, for example, Japan, Germany and France) and may invest in countries whose economies are still developing (sometimes called ?emerging markets?). The International Fund intends to invest its assets in investments that are tied economically to a number of countries throughout the world. Under normal circumstances, the International Fund invests in issuers located in at least three different countries (not including the U.S.
although the International Fund may also invest in U.S. issuers). The International Fund may invest a portion of its assets in derivative instruments. These include forward contracts and futures contracts. The International Fund may invest in derivatives primarily to seek to hedge exposure to certain markets and securities and/or for non-hedging speculative that seek to take maximum advantage of market fluctuations. The International Fund may seek to hedge its exposure to foreign currencies, typically through the use of foreign currency derivatives, including currency forward contracts and may engage in currency transactions with counterparties to gain or reduce exposure to certain currencies or to generate income or gains. The International Fund may also engage in securities lending to generate income.
The Adviser considers selling a security when it determines that such security no longer offers fundamental value or financial strength and stability.
C000225288 Holdings
Top 10 holdings of Centerstone International Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Ryanair Holdings PLC | 5.86% |
| TC Energy Corp | 5.74% |
| Air Liquide S.A.(L') | 5.31% |
| Singapore Exchange Ltd. | 4.20% |
| Nestle SA | 3.96% |
| Compania De Distribucion Integral Logista Holdings S.A.U | 3.88% |
| Schneider Electric SE | 3.80% |
| Sodexo S.A. | 3.52% |
| Banco Santander, S.A. | 3.41% |
| Oversea-Chinese Banking Corp Ltd. | 3.13% |
C000225288 Portfolio Allocation
Asset-class allocation of Centerstone International Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.9% |
C000225288 Performance
Total returns for C000225288 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -5.9% |
| 3 years (annualised) | -3.6% |
C000225288 Risk Information
Risk metrics for C000225288, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 11.2%
C000225288 Costs and Fees
C000225288 costs about $151 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.51%
- Gross expense ratio: 3.17%
- Portfolio turnover: 20%
- Brokerage commissions: 4.68 bps of average net assets (SEC N-CEN)
C000225288 Cashflows
Over the 12 months to 2024-12, Centerstone International Fund had net outflows of $4.32M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-12 | −$422.74K |
| 2024-11 | −$83.23K |
| 2024-10 | −$1.63M |
| 2024-09 | −$66.00K |
| 2024-08 | −$449.77K |
| 2024-07 | −$125.60K |
C000225288 Debt Constituents
No individual debt constituents are reported in Centerstone International Fund's latest SEC N-PORT filing.
C000225288 Prospectus and SEC Filings
Official Centerstone International Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-07-26
- Prospectus supplement (497) — filed 2023-08-03
- Prospectus supplement (497) — filed 2022-08-05
- Portfolio holdings (N-PORT) — filed 2025-02-28
- Portfolio holdings (N-PORT) — filed 2024-11-27
- Portfolio holdings (N-PORT) — filed 2024-08-29
- Annual census (N-CEN) — filed 2024-06-14
- Annual census (N-CEN) — filed 2023-06-13
Related Funds
Related 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.