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Northern Lights Fund Trust III - Rondure New World Fund (RNWOX)

11.05
+0.01
+(0.09%)
At close: November 21 at 8:00:59 PM EST

Fund Summary

The fund will, under normal market conditions, invest at least 40% of its assets, calculated at the time of purchase, in equity securities of (i) issuers either organized or having headquarters in countries outside the United States, or (ii) issuers having a majority of their assets or revenues attributable to countries outside the United States. It may also invest in investment grade corporate or government debt obligations, and in foreign exchange futures contracts or currency forward contracts.

Northern Lights Fund Trust III - Rondure New World Fund

Denver, CO 80203
1290 Broadway, Suite 1100

Fund Overview

Category Diversified Emerging Mkts
Fund Family Rondure Global
Net Assets 61.98M
YTD Return 2.82%
Yield 1.82%
Morningstar Rating
Inception Date May 01, 2017

Fund Operations

Last Dividend 0.21
Last Cap Gain -4.00
Holdings Turnover 23.00%
Average for Category --

Fees & Expenses

Expense RNWOX Category Average
Annual Report Expense Ratio (net) 1.35% 1.23%
Prospectus Net Expense Ratio 1.35% --
Prospectus Gross Expense Ratio 1.61% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 5.18%
Max Deferred Sales Load -- 1.16%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Dr. Clayton is the lead Portfolio Manager and analyst for Rondure’s international strategy and the secondary analyst for the firm’s emerging market strategy. He joined the firm shortly after its inception in 2017. Dr. Clayton was named Chief Investment Officer and Co-Head of ESG in 2023. Prior to joining Rondure, Blake was a vice president and senior equity analyst at Citigroup in New York. He worked as a fellow at the Council on Foreign Relations, where he advised senior U.S. officials on macroeconomic issues. Dr. Clayton also taught finance and economics at the Oxford Institute for Undergraduate Studies. Blake holds a doctorate from Oxford University, where he studied on a full-ride University Scholarship. He also holds dual master’s degrees from the Cambridge University and the University of Chicago, where he was the recipient of the University of Chicago Endowed Fellowship. Dr. Clayton teaches finance at the University of California at Irvine as an adjunct professor. He is also the author of two books, Commodity Markets and the Global Economy and Market Madness: A Century of Oil Panics, Crises, and Crashes.

Morningstar Style Box

Yahoo partners with Morningstar a leading market research and investment data group to help investors rate and compare funds on Yahoo Finance. The Morningstar Category is shown next to the Morningstar Style Box which identifies a fund's investment focus, based on the underlying securities in the fund. Yahoo partners with Morningstar a leading market research and investment data group to help investors rate and compare funds on Yahoo Finance. The Morningstar Category is shown next to the Morningstar Style Box which identifies a fund's investment focus, based on the underlying securities in the fund.

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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