LIONX — Issachar Fund
Data updated: 2025-08-21
LIONX — Issachar Fund. United States Multi-Cap / All-Cap Blend / Core Equity · $9.75M AUM · 3.52% expense ratio. Holdings, fees, performance and SEC filings.
LIONX Fund Overview
LIONX — Issachar Fund is a US mutual fund managed by Northern Lights Fund Trust III, categorised as United States Multi-Cap / All-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 Multi-Cap / All-Cap Blend / Core Equity
- Assets under management: $9.75M
- 1-year return: 0.0%
- Ticker: LIONX
- SEC CIK: 0001537140
- SEC series ID: S000044092
- Share class ID: C000136884
LIONX Investment Objective and Strategy
Issachar 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 Issachar Fund (the Fund) seeks long-term capital appreciation.
Principal investment strategy
The Adviser employs an opportunistic long and/or short investment strategy in which the Fund invests in fixed income and/or equity securities indirectly through exchange-traded funds (ETFs), individual securities and other investment companies. The Fund may take long positions of up to 300% and/or short positions of up to 150% of the Funds net assets in fixed income and/or equity securities either directly or through the use of total return swaps or futures contracts. The Fund seeks to avoid major declines and maximize profit potential during up-trends in the market. The equity securities in which the Fund may invest include large- small- and medium-capitalization companies and issuers in U.S. and emerging markets countries. The Fund is a non-diversified fund, meaning that a relatively high percentage of its assets may be invested in a limited number of issuers of securities.
The Fund employs an aggressive management strategy that typically results in high portfolio turnover. Depending on market conditions, the Fund may invest 0% to 300% of its portfolio in equity securities. Fixed income securities in which the Fund may invest, directly or indirectly through ETFs and other investment companies, include corporate bonds, convertible bonds, foreign bond securities, municipal bonds, asset-backed securities, floating rate loans, and loan participation interests. These fixed-income securities may have varying maturities (e.g., long-term, intermediate or short-term) and credit qualities (e.g., investment grade or non-investment grade). The terms investment grade and non-investment grade refer to the credit quality of fixed-income securities as established by a recognized rating agency, such as S&P, Moodys or Fitch.
Securities that are rated lower than investment grade, high yield securities or junk bonds, generally provide high income in an effort to compensate investors for their higher risk of default, which is the failure to make required interest or principal payments. The Fund may invest without limit in high yield securities. The Fund may also invest in money market funds and ETFs with currency-related securities or strategies. The Fund may also seek leveraged returns by investing in derivative instruments, such as futures contracts, forward contracts, options and swaps, which can include swaps on stock, ETFs and mutual funds. This includes investments in foreign currency forward contracts, including cash-settled forwards (or securities of entities that invest primarily in such obligations, including money market funds and ETFs).
In utilizing the swap strategy, the Fund may take positions in levered instruments that create investment exposure between from 100% and 300% of the value of the Funds assets. Leveraging generates returns that are more pronounced, both positively and negatively, than what would be generated on the invested capital without leverage, thus changing small market movements into larger changes in the value of the investments. In determining the amount and type of levered investments to make, the Adviser analyzes trends in market performance and volatility, as well as the volatility patterns of assets referenced in the derivative instruments. Generally, the Fund will seek greater leveraged investment exposure in periods of market strength that are coupled with low volatility. On a daily basis, the Fund will hold U.S.
government securities and repurchase agreements to collateralize its investments in derivative investments. The Fund attempts to limit losses and manage risk by hedging and/or exiting positions when the Adviser believes that potential portfolio gains are not sufficient to justify the potential risk of loss. HCM attempts to identify and profit from market trends, making long investments for the Fund in areas of the market that have risen somewhat and appear to offer additional upside and short investments for the Fund in areas of the market which have begun to decline and appear likely to decline further. The Adviser attempts to identify changing market conditions based on proprietary technical analysis of trends, relative strength of various sectors of the markets as well as seasonal considerations.
The Adviser uses a form of technical analysis known as chart analysis that attempts to identify assets that have shown strong daily performance over time with low volatility in an effort to invest in assets that offer above average risk-adjusted returns. The Funds portfolio is positioned in response to movements by particular indexes, market segments or even particular securities in an attempt to participate in a developing trend. HCM may attempt to anticipate market moves and initiate appropriate action in advance of actual market movements. When the Adviser has not identified to its satisfaction areas of the market in which it feels comfortable investing, whether long or short, HCM may invest portions or all of the Funds assets in cash or cash equivalents for capital preservation.
LIONX Holdings
Top 10 holdings of Issachar Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Palantir Technologies Inc | 6.85% |
| Axon Enterprise Inc | 6.79% |
| Quanta Services, Inc. | 5.43% |
| Broadcom Inc | 5.09% |
| Amphenol Corporation | 4.66% |
| Elbit Systems Ltd | 4.61% |
| Vertiv Holdings Co | 4.21% |
| Credo Technology Group Holding Ltd | 4.18% |
| Cyberark Software Ltd. | 4.17% |
| Mastec, Inc. | 4.02% |
LIONX Portfolio Allocation
Asset-class allocation of Issachar Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 97.6% |
| Cash & Equivalents | 3.0% |
LIONX Performance
Total returns for LIONX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 0.0% |
| 3 years (annualised) | -1.1% |
| 5 years (annualised) | -2.2% |
LIONX Risk Information
Risk metrics for LIONX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 15.6%
LIONX Costs and Fees
LIONX costs about $352 per $10,000 invested per year in fund expenses.
- Net expense ratio: 3.52%
- Gross expense ratio: 3.52%
- Portfolio turnover: 1573%
- Brokerage commissions: 43.12 bps of average net assets (SEC N-CEN)
LIONX Cashflows
Over the 12 months to 2025-06, Issachar Fund had net outflows of $3.23M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2025-06 | −$111.87K |
| 2025-05 | −$1.55K |
| 2025-04 | −$117.86K |
| 2025-03 | $74.27K |
| 2025-02 | −$91.19K |
| 2025-01 | −$39.17K |
LIONX Debt Constituents
No individual debt constituents are reported in Issachar Fund's latest SEC N-PORT filing.
LIONX Prospectus and SEC Filings
Official Issachar Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-01-28
- Prospectus (485BPOS) — filed 2024-01-26
- Prospectus supplement (497) — filed 2023-02-03
- Portfolio holdings (N-PORT) — filed 2025-08-21
- Portfolio holdings (N-PORT) — filed 2025-05-19
- Portfolio holdings (N-PORT) — filed 2025-02-21
- Annual census (N-CEN) — filed 2024-12-13
- Annual census (N-CEN) — filed 2023-12-14
Related Funds
Other United States Multi-Cap / All-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.