NFDIX — Newfound Risk Managed U.S. Growth Fund
Data updated: 2023-11-29
NFDIX — Newfound Risk Managed U.S. Growth Fund. Global (incl. US) Mid Cap Growth Equity · $29.56M AUM. Holdings, fees, performance and SEC filings.
NFDIX Fund Overview
NFDIX — Newfound Risk Managed U.S. Growth Fund is a US mutual fund managed by Northern Lights Fund Trust III, categorised as Global (incl. US) Mid 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: Global (incl. US) Mid Cap Growth Equity
- Assets under management: $29.56M
- 1-year return: 5.3%
- Ticker: NFDIX
- SEC CIK: 0001537140
- SEC series ID: S000049469
- Share class ID: C000156387
NFDIX Investment Objective and Strategy
Newfound Risk Managed U.S. Growth Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Northern Lights Fund Trust III.
Investment objective
Long term capital appreciation with an emphasis on preservation of capital.
Principal investment strategy
Under normal market conditions, the Fund will invest at least 80% of its net assets in securities economically tied to the U.S. market. The Fund may invest in equity securities of any market capitalization and/or ETFs that represent 9 of the primary U.S. equity market sectors of the Global Industry Classification Standard (GICS), (with telecommunications and information technology combined as a single technology sector). The Fund may invest in the following sectors: consumer discretionary, consumer staples, energy, financials, health care, industrials, materials, technology (which will combine the telecommunications and information technology sectors) and utilities. The Fund may also invest in: (i) investment grade short term fixed income securities; (ii) U.S. Treasury futures contracts and (iii) ETFs that invest in investment grade short-term fixed income securities.
The Fund has the flexibility to invest in any combination of the securities described above, which include domestic and foreign common stock, preferred stock, depositary receipts, equity swaps (including single-name, index, and basket swaps), options, equity index futures, and ETFs that invest in these types of securities. The Fund may invest in a basket of equity securities to represent a sector if it determines that investment in the ETF for that sector is not feasible or otherwise would not be in the best interests of the Fund and its shareholders. The Adviser utilizes a rules-based investment process to determine which securities to buy and sell for the Fund. The process relies on signals from its proprietary models, which analyze 9 of the primary GICS sectors of the U.S. equity market.
Sectors that are included in the Fund are generally equally weighted, subject to the Advisers rebalancing methodology, with a maximum allocation per sector of 25%, measured at the time of rebalancing for the sector in question. As such, when three or fewer sectors are represented in the Fund, the remainder of the Funds assets will be held in cash or invested directly or indirectly in investment grade short term fixed income securities, up to 100%. The portfolio is rebalanced weekly using the Advisers rebalancing methodology. The Fund may invest in long U.S. Treasury futures contracts when the Advisers proprietary models indicate that such a position may offer a positive expected return and/or meaningful diversification benefits for the portfolio. The Fund uses investment leverage as part of its principal investment strategy.
The Fund typically expects to invest an amount approximately equal to its net assets directly in a portfolio of any market capitalization equity securities and/or ETFs while also maintaining notional exposure to U.S. Treasuries through futures contracts. The Funds total investment exposure will typically be less than 200% of the Funds NAV. It is possible that the Fund could lose money on both its investments in equity securities and/or ETFs as well as U.S. Treasury futures contracts at the same time.
NFDIX Holdings
Top 10 holdings of Newfound Risk Managed U.S. Growth Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Ishares Trust | 12.82% |
| Vanguard/Wellingtn | 5.76% |
| Ishares Trust | 5.63% |
| J P Morgan Exchange Traded Fund Trust | 5.63% |
| Fidelity Covington Trust | 5.59% |
| Vanguard Index Fds | 5.41% |
| Spdr S&P 500 Etf Trust | 3.50% |
| J P Morgan Exchange Traded Fund Trust | 2.68% |
| Fidelity Covington Trust | 2.67% |
| Ishares Trust | 2.66% |
NFDIX Portfolio Allocation
Asset-class allocation of Newfound Risk Managed U.S. Growth Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 85.7% |
| Derivatives | 3.0% |
| Cash & Equivalents | 0.8% |
NFDIX Performance
Total returns for NFDIX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 5.3% |
| 3 years (annualised) | -0.6% |
NFDIX Risk Information
Risk metrics for NFDIX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 15.5%
NFDIX Costs and Fees
NFDIX costs about $137 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.37%
- Gross expense ratio: 1.51%
- Portfolio turnover: 136%
- Brokerage commissions: 4.50 bps of average net assets (SEC N-CEN)
NFDIX Cashflows
Over the 12 months to 2023-09, Newfound Risk Managed U.S. Growth Fund had net inflows of $39.10M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-09 | $1.29M |
| 2023-08 | $1.49M |
| 2023-07 | $1.29M |
| 2023-06 | $2.24M |
| 2023-05 | $3.11M |
| 2023-04 | $3.55M |
NFDIX Debt Constituents
No individual debt constituents are reported in Newfound Risk Managed U.S. Growth Fund's latest SEC N-PORT filing.
NFDIX Prospectus and SEC Filings
Official Newfound Risk Managed U.S. Growth Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-07-28
- Prospectus (485BPOS) — filed 2022-07-22
- Prospectus supplement (497) — filed 2021-08-10
- Portfolio holdings (N-PORT) — filed 2023-11-29
- Portfolio holdings (N-PORT) — filed 2023-08-29
- Portfolio holdings (N-PORT) — filed 2023-05-30
- Annual census (N-CEN) — filed 2023-06-13
- Annual census (N-CEN) — filed 2022-06-14
Related Funds
Other Global (incl. US) Mid 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.