Northern Lights Fund Trust III - PlanRock Market Neutral Income ETF
PRMN
New York Stock Exchange Arca- -
USD
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Capital Structure
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in mil. unless spec.- Sector
- Financial Services
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- Asset Management
- Address
- IPO Date
- Dec 19, 2023
- Similar Companies
- Business
- Northern Lights Fund Trust III - PlanRock Market Neutral Income ETF (PRMN) is an actively managed exchange-traded fund that seeks to provide current income and capital appreciation with low correlation to broader equity and fixed income markets by investing primarily in high dividend yield global equities while employing equity index futures contracts to neutralize market beta exposure; the fund utilizes a long-short equity strategy, holding long positions in dividend-paying stocks across global markets and short positions in equity index futures to target market neutrality and manage volatility. PRMN trades on NYSE Arca and issues shares in creation units of 10,000 shares, redeemable in-kind or for cash, with an expense ratio of approximately 1.30% and assets under management reaching about $65-77 million as of early 2025. The fund targets institutional and retail investors seeking income generation and diversification, with geographic exposure spanning U.S., developed international, and emerging markets equities. Northern Lights Fund Trust III, a Delaware statutory trust organized in 2011, serves as the registrant with principal executive offices historically listed at 17605 Wright Street, Omaha, Nebraska 68130, and operational addresses including 225 Pictoria Drive, Suite 450, Cincinnati, Ohio 45246; PRMN is managed by PlanRock Investment Management, LLC, an investment adviser founded in 2020 and based in Brentwood, Tennessee. PRMN was launched on December 19, 2023, as one of several PlanRock ETFs within the Trust, alongside products such as PlanRock Alternative Growth ETF (PRAE), PlanRock Growth Rotation ETF (PRER), and PlanRock Income Rotation ETF (PRIR). In a significant recent development, the Board of Trustees approved the liquidation of PRMN on March 11, 2025, pursuant to a Plan of Liquidation recommended by PlanRock Investment Management, LLC, with trading ceasing on NYSE Arca on March 21, 2025, and final distributions to remaining shareholders on or about March 28, 2025; this operational change reflects a strategic decision amid low trading volume and assets, deviating from normal investment policies during the wind-down period to facilitate orderly redemptions. No notable partnerships, acquisitions, funding rounds, or new product launches specific to PRMN were reported in 2024 or early 2025 prior to the liquidation announcement, though PlanRock Investment Management continues to offer related services including outsourced investment models and portfolio management. Shares of Northern Lights Fund Trust III, including PRMN prior to closure, are distributed by Northern Lights Distributors, LLC, member FINRA.