Fund Description: CP High Yield Trend ETF is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the Northern Lights Fund Trust III, an open-end investment management company. INVESTMENT OBJECTIVE: The CP High Yield Trend ETF seeks to provide investment returns that closely correspond to the price and yield performance of the to provide investment results that track, before fees and expenses, the performance of the CP High Yield Trend Index. INDEX DESCRIPTION: The CP High Yield Trend Index is a rules-based index which is comprised of a blend of allocations to two asset classes: U.S. high yield corporate bond exchange-traded funds (ETFs) and U.S. 3-7 year Treasury ETFs. The Index’s three components are weighted using quantitative models to determine allocations to the two asset classes when the Index is rebalanced, which can occur daily. The Index is composed, in 20% increments, of U.S. high yield corporate bonds (“junk bonds”) with the remainder in U.S. Treasury ETFs. The first model determines a recommended allocation to U.S. high yield corporate bonds by evaluating the current market price against the dividend-adjusted moving average price data of the Index’s corporate bond component and the historical momentum returns of that component for the same periods. The second model adjusts the first model’s recommended allocation by rounding the allocation to the nearest 20% increment, but only allows the final allocation to U.S. high yield corporate bonds to move by a 20% increment day-over-day. The final allocation remains unchanged if the rounded allocation from the second model varies by more than 5% from the recommended allocation of the first model. FUND STRATEGY: The Fund seeks to achieve its investment objective by investing at least 80% of its net assets in securities included in the Index. FUND MANAGEMENT: Counterpoint Mutual Funds, LLC. Serves as the Investment Adviser to the Fund.