HCM Sector Plus Fund
NORTHERN LIGHTS FUND TRUST III · 5 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
HCM Sector Plus Fund is an actively managed U.S. equity fund.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Fund of funds
Fund profile
As filed in the prospectus · 2025 Q4
Long-term capital appreciation.
The fund invests in dividend-paying S&P 500 stocks and underlying funds (mutual funds, closed-end funds, and ETFs), including those employing leverage, alongside cash and options. A proprietary quantitative model called HCM-BuyLine uses trend analysis to shift the fund's equity exposure up or down; when bearish, it moves to cash and put options, and when bullish, to equities and call options. Because the fund may hold underlying funds that use leverage, returns can amplify market moves beyond what direct S&P 500 exposure would produce.
| Share class | Expense ratio |
|---|---|
| HCMNX | 1.97% |
| HCMWX | 2.12% |
| HCMPX | 2.72% |
| HCMQX | 1.72% |
Portfolio turnover 226.00% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 95.43% |
| Cash & short-term | 4.67% |
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Other | 83.9% |
| Cash | 4.7% |
| Industrials | 1.6% |
| Financials | 1.6% |
| 9 smaller | 8.2% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Largest new: PROSHARES TRUST ×2, DIREXION SHARES ETF TRUST, DVN
Exited: iShares Trust, Coterra Energy Inc
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +31.29% | +66.95% | +57.62% | 13.12% | -14.90% | |
| +31.07% | +66.13% | +56.33% | 13.10% | -15.00% | |
| +30.36% | +63.20% | +51.82% | 13.12% | -15.22% | |
| +31.63% | +68.26% | +59.63% | 13.11% | -14.86% | |
| +31.68% | +67.44% | +58.08% | 13.09% | -14.94% |
These classes hold the same portfolio, so the 7.81pp spread over 5 years is the cost difference between them — roughly 1.56pp a year — not a difference in what they own.
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| — | PROSHARES TRUST | 16.62% | $96.76 | $339.14M | 3.5M |
| — | PROSHARES TRUST | 16.31% | $67.38 | $332.87M | 4.9M |
| — | VANGUARD SPECIALIZED FUNDS | 13.94% | $236.62 | $284.41M | 1.2M |
| — | DIREXION SHARES ETF TRUST | 10.43% | $270.67 | $212.91M | 786.6K |
| — | SPDR S&P 500 ETF TRUST | 9.82% | $746.77 | $200.35M | 268.3K |
| — | VANGUARD WHITEHALL FUNDS | 8.77% | $158.03 | $179.04M | 1.1M |
| — | ISHARES TRUST | 7.75% | $156.30 | $158.09M | 1.0M |
| — | HCM BBH SWEEP | 4.67% | — | $95.27M | — |
| RL | RALPH LAUREN CORPRL | 0.52% | $401.41 | $10.57M | 26.3K |
| C | CITIGROUP INCC | 0.51% | $139.96 | $10.33M | 73.8K |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
Top 10 positions are 89.34% of net assets, top 25 94.27%, across 59 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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