SDRCX — Swan Defined Risk Fund
Data updated: 2026-09-11
SDRCX — Swan Defined Risk Fund. United States Multi-Cap / All-Cap Blend / Core Equity · $589.99M AUM. Holdings, fees, performance and SEC filings.
SDRCX Fund Overview
SDRCX — Swan Defined Risk 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: $589.99M
- 1-year return: 12.6%
- Ticker: SDRCX
- SEC CIK: 0001537140
- SEC series ID: S000037505
- Share class ID: C000115778
SDRCX Holdings
Top 10 holdings of Swan Defined Risk Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Ishares Trust | 59.40% |
| Select Sector Spdr Trust (the) | 13.98% |
| Select Sector Spdr Trust (the) | 4.00% |
| Select Sector Spdr Trust (the) | 3.12% |
| Select Sector Spdr Trust (the) | 3.08% |
| Select Sector Spdr Trust (the) | 3.03% |
| Select Sector Spdr Trust (the) | 2.72% |
| Select Sector Spdr Trust (the) | 1.57% |
| Select Sector Spdr Trust (the) | 1.04% |
| Select Sector Spdr Trust (the) | 0.74% |
SDRCX Portfolio Allocation
Asset-class allocation of Swan Defined Risk Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 93.9% |
| Cash & Equivalents | 0.4% |
SDRCX Performance
Total returns for SDRCX (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 5.2% |
| 1 year | 12.6% |
| 3 years (annualised) | 9.9% |
| 5 years (annualised) | 5.5% |
SDRCX Risk Information
Risk metrics for SDRCX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 7.8%
SDRCX Costs and Fees
SDRCX costs about $225 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.25%
- Gross expense ratio: 2.25%
- Portfolio turnover: 12%
- Brokerage commissions: 5.39 bps of average net assets (SEC N-CEN)
SDRCX Cashflows
Over the 12 months to 2026-06, Swan Defined Risk Fund had net outflows of $71.61M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$12.37M |
| 2026-05 | −$10.34M |
| 2026-04 | −$23.93M |
| 2026-03 | −$10.04M |
| 2026-02 | −$8.67M |
| 2026-01 | −$9.12M |
SDRCX Debt Constituents
No individual debt constituents are reported in Swan Defined Risk Fund's latest SEC N-PORT filing.
SDRCX Prospectus and SEC Filings
Official Swan Defined Risk Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-10-23
- Prospectus (485BPOS) — filed 2024-10-25
- Prospectus (485BPOS) — filed 2023-10-26
- Portfolio holdings (N-PORT) — filed 2026-08-28
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-02-27
- Annual census (N-CEN) — filed 2026-09-11
- Annual census (N-CEN) — filed 2025-09-12
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.