# EDGAR Filing Document

**Accession Number:** 0001352621
**File Stem:** 0000910472-26-007735
**Filing Date:** 2026-5
**Character Count:** 35822
**Document Hash:** 8f3c519ae246c8408080c2a12900c5df
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-007735.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0000910472-26-007735

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Northern Lights Variable Trust
- **CENTRAL INDEX KEY:** 0001352621

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21853
- **FILM NUMBER:** 261030411

**BUSINESS ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 631-470-2600

**MAIL ADDRESS:**
- **STREET 1:** 17645 WRIGHT STREET
- **STREET 2:** SUITE 200
- **CITY:** OMAHA
- **STATE:** NE
- **ZIP:** 68130

## Series and Classes Contracts Data

### DF Tactical Dividend VIT Fund (Series ID: S000016888)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000186848 | DF Tactical Dividend VIT Fund Class 2 shares |  |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **DONOGHUE FORLINES DIVIDEND VIT FUND** | **DONOGHUE FORLINES DIVIDEND VIT FUND** | **DONOGHUE FORLINES DIVIDEND VIT FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.0%** |  |
|  | **ASSET MANAGEMENT - 4.0%** |  |
| 1674 | Ares Management Corporation, Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $182634 |
| 1939 | T Rowe Price Group, Inc. | &nbsp;&nbsp;&nbsp; 174781 |
|  |  | &nbsp;&nbsp; 357415 |
|  | **BANKING - 17.9%** |  |
| 2960 | Citizens Financial Group, Inc. | &nbsp;&nbsp;&nbsp; 177511 |
| 3844 | Fifth Third Bancorp<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 178592 |
| 11074 | Huntington Bancshares Inc | &nbsp;&nbsp;&nbsp; 173308 |
| 8814 | KeyCorporation | &nbsp;&nbsp;&nbsp; 176721 |
| 852 | M&T Bank Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 176125 |
| 842 | PNC Financial Services Group, Inc. (The) | &nbsp;&nbsp;&nbsp; 175212 |
| 6608 | Regions Financial Corporation | &nbsp;&nbsp;&nbsp; 172601 |
| 3794 | Truist Financial Corporation | &nbsp;&nbsp;&nbsp; 174410 |
| 3316 | US Bancorp | &nbsp;&nbsp;&nbsp; 172465 |
|  |  | &nbsp;&nbsp; 1576945 |
|  | **BIOTECH & PHARMA - 5.9%** |  |
| 761 | AbbVie, Inc. | &nbsp;&nbsp;&nbsp; 165510 |
| 2888 | Bristol-Myers Squibb Company | &nbsp;&nbsp;&nbsp; 175157 |
| 6344 | Pfizer, Inc. | &nbsp;&nbsp;&nbsp; 178140 |
|  |  | &nbsp;&nbsp; 518807 |
|  | **CABLE & SATELLITE - 1.8%** |  |
| 5666 | Comcast Corporation, Class A | &nbsp;&nbsp;&nbsp; 162671 |
|  | **CONTAINERS & PACKAGING - 1.8%** |  |
| 4075 | Amcor PLC<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 161981 |
|  | **ELECTRIC UTILITIES - 7.6%** |  |
| 576 | Constellation Energy Corporation | &nbsp;&nbsp;&nbsp; 160848 |
| 2421 | Edison International | &nbsp;&nbsp;&nbsp; 177169 |
| 1165 | NRG Energy, Inc. | &nbsp;&nbsp;&nbsp; 170253 |
| 1088 | Vistra Corporation | &nbsp;&nbsp;&nbsp; 163559 |
|  |  | &nbsp;&nbsp; 671829 |
|  | **FOOD - 1.9%** |  |
| 7485 | The Kraft Heinz Company (The)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 168338 |

---

---

| | | |
|:---|:---|:---|
| **DONOGHUE FORLINES DIVIDEND VIT FUND** | **DONOGHUE FORLINES DIVIDEND VIT FUND** | **DONOGHUE FORLINES DIVIDEND VIT FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.0% (Continued)** |  |
|  | **GAMING REIT - 1.9%** |  |
| 6094 | VICI Properties, Inc. | &nbsp;&nbsp;&nbsp; $166488 |
|  | **HEALTH CARE FACILITIES & SERVICES - 3.7%** |  |
| 2287 | CVS Health Corporation | &nbsp;&nbsp;&nbsp; 164252 |
| 607 | UnitedHealth Group, Inc. | &nbsp;&nbsp;&nbsp; 164248 |
|  |  | &nbsp;&nbsp; 328500 |
|  | **INFRASTRUCTURE REIT - 1.8%** |  |
| 1978 | Crown Castle, Inc. | &nbsp;&nbsp;&nbsp; 160831 |
|  | **INSTITUTIONAL FINANCIAL SERVICES - 2.0%** |  |
| 1375 | State Street Corporation | &nbsp;&nbsp;&nbsp; 174020 |
|  | **INSURANCE - 9.9%** |  |
| 2476 | MetLife, Inc. | &nbsp;&nbsp;&nbsp; 175103 |
| 1964 | Principal Financial Group, Inc. | &nbsp;&nbsp;&nbsp; 176975 |
| 861 | Progressive Corporation (The) | &nbsp;&nbsp;&nbsp; 170685 |
| 1824 | Prudential Financial, Inc. | &nbsp;&nbsp;&nbsp; 178186 |
| 2552 | W R Berkley Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 169147 |
|  |  | &nbsp;&nbsp; 870096 |
|  | **LEISURE FACILITIES & SERVICES - 2.0%** |  |
| 2405 | Restaurant Brands International, Inc. | &nbsp;&nbsp;&nbsp; 177730 |
|  | **MEDICAL EQUIPMENT & DEVICES - 1.9%** |  |
| 1947 | Medtronic PLC | &nbsp;&nbsp;&nbsp; 168708 |
|  | **OIL & GAS PRODUCERS - 12.4%** |  |
| 903 | Chevron Corporation | &nbsp;&nbsp;&nbsp; 186831 |
| 1307 | EOG Resources, Inc. | &nbsp;&nbsp;&nbsp; 188953 |
| 1595 | Expand Energy Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 175099 |
| 5236 | Kinder Morgan, Inc. | &nbsp;&nbsp;&nbsp; 175563 |
| 2020 | ONEOK, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 182588 |
| 1022 | Phillips 66 | &nbsp;&nbsp;&nbsp; 186188 |
|  |  | &nbsp;&nbsp; 1095222 |

---

---

| | | |
|:---|:---|:---|
| **DONOGHUE FORLINES DIVIDEND VIT FUND** | **DONOGHUE FORLINES DIVIDEND VIT FUND** | **DONOGHUE FORLINES DIVIDEND VIT FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.0% (Continued)** |  |
|  | **RETAIL - CONSUMER STAPLES - 2.0%** |  |
| 1458 | Target Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $176709 |
|  | **SPECIALTY FINANCE - 1.9%** |  |
| 3670 | Fidelity National Financial, Inc. | &nbsp;&nbsp;&nbsp; 170215 |
|  | **TECHNOLOGY HARDWARE - 2.0%** |  |
| 9382 | HP, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 180228 |
|  | **TECHNOLOGY SERVICES - 7.6%** |  |
| 860 | Accenture PLC, Class A | &nbsp;&nbsp;&nbsp; 170530 |
| 3453 | Fidelity National Information Services, Inc. | &nbsp;&nbsp;&nbsp; 161980 |
| 696 | International Business Machines Corporation | &nbsp;&nbsp;&nbsp; 168703 |
| 1843 | Paychex, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 169777 |
|  |  | &nbsp;&nbsp; 670990 |
|  | **TELECOMMUNICATIONS - 4.1%** |  |
| 6377 | AT&T, Inc. | &nbsp;&nbsp;&nbsp; 184869 |
| 3418 | Verizon Communications, Inc. | &nbsp;&nbsp;&nbsp; 171584 |
|  |  | &nbsp;&nbsp; 356453 |
|  | **TOBACCO & CANNABIS - 2.0%** |  |
| 2611 | Altria Group, Inc. | &nbsp;&nbsp;&nbsp; 172300 |
|  | **TRANSPORTATION & LOGISTICS - 1.9%** |  |
| 1718 | United Parcel Service, Inc., Class B | &nbsp;&nbsp;&nbsp; 169017 |
|  | **TOTAL COMMON STOCKS (Cost $8,220,054)** | &nbsp;&nbsp; 8655493 |

---

---

| | | |
|:---|:---|:---|
| **DONOGHUE FORLINES DIVIDEND VIT FUND** | **DONOGHUE FORLINES DIVIDEND VIT FUND** | **DONOGHUE FORLINES DIVIDEND VIT FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| **Shares** |  | **Fair Value** |
|  | **SHORT-TERM INVESTMENTS — 21.8%** |  |
|  | **COLLATERAL FOR SECURITIES LOANED - 19.9%** |  |
| 1758072 | Mount Vernon Liquid Assets Portfolio, 3.74% (Cost $1,758,072)<sup>(b),(c)</sup> | &nbsp;&nbsp;&nbsp; $1758072 |
|  | **MONEY MARKET FUNDS- 1.9%** |  |
|  | **TOTAL SHORT-TERM INVESTMENTS (Cost $1,927,989)** | 1927989 |
|  | **TOTAL INVESTMENTS - 119.8% (Cost $10,148,043)** | &nbsp;&nbsp;&nbsp; $10583482 |
|  | **LIABILITIES IN EXCESS OF OTHER ASSETS - (19.8)%** | &nbsp;&nbsp; (1750825) |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $8832657 |

---

PLC - Public Limited Company <br> REIT - Real Estate Investment Trust

<sup>(a)</sup> All or a portion of the security is on loan. The total fair value of the securities on loan as of March 31, 2026 was $1,732,708.

<sup>(b)</sup> Rate disclosed is the seven day effective yield as of March 31, 2026.

<sup>(c)</sup> Security was purchased with cash received as collateral for securities on loan at March 31, 2026. Total collateral had a value of $1,758,072 at March 31, 2026.

---

| | | |
|:---|:---|:---|
| **DONOGHUE FORLINES MOMENTUM VIT FUND** | **DONOGHUE FORLINES MOMENTUM VIT FUND** | **DONOGHUE FORLINES MOMENTUM VIT FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.1%** |  |
|  | **ADVERTISING & MARKETING - 1.9%** |  |
| 20245 | Omnicom Group, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $1524651 |
|  | **AEROSPACE & DEFENSE - 3.7%** |  |
| 10293 | ATI, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1497220 |
| 2496 | Lockheed Martin Corporation, Class B | &nbsp;&nbsp;&nbsp; 1508557 |
|  |  | &nbsp;&nbsp; 3005777 |
|  | **APPAREL & TEXTILE PRODUCTS - 1.9%** |  |
| 11146 | Tapestry, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1572812 |
|  | **BANKING - 4.0%** |  |
| 82483 | KeyCorporation | &nbsp;&nbsp;&nbsp; 1653783 |
| 7976 | M&T Bank Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1648799 |
|  |  | &nbsp;&nbsp; 3302582 |
|  | **BIOTECH & PHARMA - 8.0%** |  |
| 27022 | Bristol-Myers Squibb Company | &nbsp;&nbsp;&nbsp; 1638884 |
| 11101 | Gilead Sciences, Inc. | &nbsp;&nbsp;&nbsp; 1547146 |
| 6670 | Johnson & Johnson | &nbsp;&nbsp;&nbsp; 1630415 |
| 13947 | Merck & Company, Inc. | &nbsp;&nbsp;&nbsp; 1677686 |
|  |  | &nbsp;&nbsp; 6494131 |
|  | **CABLE & SATELLITE - 3.7%** |  |
| 7224 | Charter Communications, Inc., Class A<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 1559518 |
| 53019 | Comcast Corporation, Class A | &nbsp;&nbsp;&nbsp; 1522175 |
|  |  | &nbsp;&nbsp; 3081693 |
|  | **DIVERSIFIED INDUSTRIALS - 1.9%** |  |
| 6769 | Honeywell International, Inc. | &nbsp;&nbsp;&nbsp; 1529997 |
|  | **ELECTRIC UTILITIES - 2.0%** |  |
| 22659 | Edison International | &nbsp;&nbsp;&nbsp; 1658186 |
|  | **ELECTRICAL EQUIPMENT - 3.9%** |  |
| 7226 | AMETEK, Inc. | &nbsp;&nbsp;&nbsp; 1548965 |
| 5702 | Keysight Technologies, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1610074 |
|  |  | &nbsp;&nbsp; 3159039 |

---

---

| | | |
|:---|:---|:---|
| **DONOGHUE FORLINES MOMENTUM VIT FUND** | **DONOGHUE FORLINES MOMENTUM VIT FUND** | **DONOGHUE FORLINES MOMENTUM VIT FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.1% (Continued)** |  |
|  | **ENTERTAINMENT CONTENT - 2.0%** |  |
| 58281 | Warner Bros Discovery, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $1600396 |
|  | **HOUSEHOLD PRODUCTS - 3.7%** |  |
| 16262 | Church & Dwight Company, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1517570 |
| 18087 | Colgate-Palmolive Company | &nbsp;&nbsp;&nbsp; 1541555 |
|  |  | &nbsp;&nbsp; 3059125 |
|  | **INDUSTRIAL INTERMEDIATE PROD - 1.9%** |  |
| 2897 | RBC Bearings, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1573419 |
|  | **INSTITUTIONAL FINANCIAL SERVICES - 3.9%** |  |
| 5707 | Cboe Global Markets, Inc. | &nbsp;&nbsp;&nbsp; 1604067 |
| 5343 | CME Group, Inc. | &nbsp;&nbsp;&nbsp; 1578055 |
|  |  | &nbsp;&nbsp; 3182122 |
|  | **INSURANCE - 4.1%** |  |
| 5022 | Chubb Ltd. | &nbsp;&nbsp;&nbsp; 1636820 |
| 18376 | Principal Financial Group, Inc. | &nbsp;&nbsp;&nbsp; 1655862 |
|  |  | &nbsp;&nbsp; 3292682 |
|  | **MEDICAL EQUIPMENT & DEVICES - 1.9%** |  |
| 24443 | Dexcom, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1535020 |
|  | **OIL & GAS PRODUCERS - 2.3%** |  |
| 10693 | Exxon Mobil Corporation | &nbsp;&nbsp;&nbsp; 1814174 |
|  | **OIL & GAS SERVICES & EQUIPMENT - 2.1%** |  |
| 25176 | TechnipFMC PLC | &nbsp;&nbsp;&nbsp; 1740417 |
|  | **RETAIL - CONSUMER STAPLES - 3.7%** |  |
| 11190 | Dollar General Corporation | &nbsp;&nbsp;&nbsp; 1328589 |
| 13645 | Target Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1653774 |
|  |  | &nbsp;&nbsp; 2982363 |
|  | **RETAIL - DISCRETIONARY - 2.1%** |  |
| 7614 | Ross Stores, Inc. | &nbsp;&nbsp;&nbsp; 1649421 |

---

---

| | | |
|:---|:---|:---|
| **DONOGHUE FORLINES MOMENTUM VIT FUND** | **DONOGHUE FORLINES MOMENTUM VIT FUND** | **DONOGHUE FORLINES MOMENTUM VIT FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.1% (Continued)** |  |
|  | **RETAIL REIT - 2.0%** |  |
| 8550 | Simon Property Group, Inc. | &nbsp;&nbsp;&nbsp; $1594832 |
|  | **SEMICONDUCTORS - 17.3%** |  |
| 5077 | Analog Devices, Inc. | &nbsp;&nbsp;&nbsp; 1615197 |
| 4617 | Applied Materials, Inc. | &nbsp;&nbsp;&nbsp; 1578044 |
| 6447 | Comcast Corporation | &nbsp;&nbsp;&nbsp; 1535740 |
| 13951 | Entegris, Inc. | &nbsp;&nbsp;&nbsp; 1635615 |
| 7405 | Lam Research Corporation | &nbsp;&nbsp;&nbsp; 1582152 |
| 3871 | Micron Technology, Inc. | &nbsp;&nbsp;&nbsp; 1307779 |
| 27360 | ON Semiconductor Corporation<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1694130 |
| 2473 | Sandisk Corp<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1571196 |
| 5367 | Teradyne, Inc. | &nbsp;&nbsp;&nbsp; 1591101 |
|  |  | &nbsp;&nbsp; 14110954 |
|  | **TECHNOLOGY HARDWARE - 14.1%** |  |
| 4768 | Ciena Corporation<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1851080 |
| 12301 | Corning, Inc. | &nbsp;&nbsp;&nbsp; 1672567 |
| 6865 | Garmin Ltd. | &nbsp;&nbsp;&nbsp; 1592749 |
| 2412 | Lumentum Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1695057 |
| 3504 | Motorola Solutions, Inc. | &nbsp;&nbsp;&nbsp; 1520631 |
| 2473 | Teledyne Technologies, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1496190 |
| 6030 | Western Digital Corporation | &nbsp;&nbsp;&nbsp; 1631055 |
|  |  | &nbsp;&nbsp; 11459329 |
|  | **TELECOMMUNICATIONS - 2.0%** |  |
| 31981 | Verizon Communications, Inc. | &nbsp;&nbsp;&nbsp; 1605446 |
|  | **TRANSPORTATION & LOGISTICS - 2.0%** |  |
| 4485 | FedEx Corporation | &nbsp;&nbsp;&nbsp; 1597467 |
|  | **TRANSPORTATION EQUIPMENT - 2.0%** |  |
| 6589 | Westinghouse Air Brake Technologies Corporation | &nbsp;&nbsp;&nbsp; 1646657 |
|  | **TOTAL COMMON STOCKS (Cost $71,108,423)** | &nbsp;&nbsp; 79772692 |

---

---

| | | |
|:---|:---|:---|
| **DONOGHUE FORLINES MOMENTUM VIT FUND** | **DONOGHUE FORLINES MOMENTUM VIT FUND** | **DONOGHUE FORLINES MOMENTUM VIT FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| **Shares** |  | **Fair Value** |
|  | **SHORT-TERM INVESTMENTS — 10.1%** |  |
|  | **COLLATERAL FOR SECURITIES LOANED - 10.1%** |  |
| 8168183 | Mount Vernon Liquid Assets Portfolio, 3.74% (Cost $8,168,183)<sup>(c),(d)</sup> | &nbsp;&nbsp;&nbsp; $8168183 |
|  | **TOTAL INVESTMENTS - 108.2% (Cost $79,276,606)** | &nbsp;&nbsp;&nbsp; $87940875 |
|  | **LIABILITIES IN EXCESS OF OTHER ASSETS - (8.2)%** | &nbsp;&nbsp; (6678897) |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $81261978 |

---

Ltd. - Limited Company <br> PLC - Public Limited Company <br> REIT - Real Estate Investment Trust

<sup>(a)</sup> All or a portion of the security is on loan. The total fair value of the securities on loan as of March 31, 2026 was $8,120,919.

<sup>(b)</sup> Non-income producing security.

<sup>(c)</sup> Rate disclosed is the seven-day effective yield as of March 31, 2026.

<sup>(d)</sup> Security was purchased with cash received as collateral for securities on loan at March 31, 2026. Total collateral had a value of $8,168,183 at March 31, 2026.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Northern Lights Variable Trust

- **b. Investment Company Act file number:** 811-21853

- **c. CIK number of Registrant:** 0001352621

- **d. LEI of Registrant:** 549300JG5J5V82S8VI88

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 225 PICTORIA DRIVE

  - **City:** CINCINNATI

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

  - **Telephone number:** 631-470-2600

**Item A.2. Information about the Series.**

- **a. Name of Series:** Donoghue Forlines Dividend VIT Fund

- **b. EDGAR series identifier (if any):** S000016888

- **c. LEI of Series:** 549300A1LHQ12DFBUR05

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $8849131.70

**Total Liabilities:** $16474.41

**Net Assets:** $8832657.29

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000186848 | 5.93%                | 3.08%                | -2.63%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $22422.91                | $471597.53                                 |
| Month 2  | $7761.37                 | $262042.96                                 |
| Month 3  | $771010.30               | $-1029547.65                               |

### Schedule of Portfolio Investments

| Name                                       | Title                                | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   | Fair Value Level   | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| AT&T Inc                                   | AT&T INC                             | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |      6377 | NS      | $184869.23    | 2.09%             |  |  |  | No            | 1                  | On Loan: No      |
| AbbVie Inc.                                | ABBVIE INC                           | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |       761 | NS      | $165509.89    | 1.87%             |  |  |  | No            | 1                  | On Loan: No      |
| Altria Group, Inc.                         | ALTRIA GROUP INC                     | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |      2611 | NS      | $172299.89    | 1.95%             |  |  |  | No            | 1                  | On Loan: No      |
| Ares Management Corporation                | ARES MANAGEM- A                      | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |      1674 | NS      | $182633.40    | 2.07%             |  |  |  | No            | 1                  | On Loan: —       |
| W.R. Berkley Corporation                   | WR BERKLEY CORP                      | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |      2552 | NS      | $169146.56    | 1.92%             |  |  |  | No            | 1                  | On Loan: —       |
| Bristol-Myers Squibb Company               | BRISTOL-MYER SQB                     | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |      2888 | NS      | $175157.20    | 1.98%             |  |  |  | No            | 1                  | On Loan: No      |
| CVS Health Corp                            | CVS HEALTH CORP                      | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |      2287 | NS      | $164252.34    | 1.86%             |  |  |  | No            | 1                  | On Loan: No      |
| Expand Energy Corp.                        | EXPAND ENERGY CO                     | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |      1595 | NS      | $175099.10    | 1.98%             |  |  |  | No            | 1                  | On Loan: —       |
| Chevron Corp.                              | CHEVRON CORP                         | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       903 | NS      | $186830.70    | 2.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Citizens Financial Group Inc               | CITIZENS FINANCI                     | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |      2960 | NS      | $177511.20    | 2.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Comcast Corporation                        | COMCAST CORP-A                       | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |      5666 | NS      | $162670.86    | 1.84%             |  |  |  | No            | 1                  | On Loan: No      |
| Constellation Energy Corp.                 | CONSTELLATION EN                     | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |       576 | NS      | $160848.00    | 1.82%             |  |  |  | No            | 1                  | On Loan: No      |
| Crown Castle Inc.                          | CROWN CASTLE INC                     | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |      1978 | NS      | $160831.18    | 1.82%             |  |  |  | No            | 1                  | On Loan: No      |
| EOG Resources Inc.                         | EOG RESOURCES                        | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |      1307 | NS      | $188952.99    | 2.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Edison International                       | EDISON INTL                          | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |      2421 | NS      | $177168.78    | 2.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Fidelity Colchester Street Trust           | FID-MM GOVT-I                        | CUSIP: 316175108<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |    169917 | PA      | $169916.86    | 1.92%             |  |  |  | No            | 1                  | On Loan: No      |
| Fidelity National Information Services Inc | FIDELITY NATIONA                     | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |      3453 | NS      | $161980.23    | 1.83%             |  |  |  | No            | 1                  | On Loan: No      |
| Fidelity National Financial, Inc.          | FIDELITY NATIONA                     | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |      3670 | NS      | $170214.60    | 1.93%             |  |  |  | No            | 1                  | On Loan: No      |
| Fifth Third Bancorp                        | FIFTH THIRD BANC                     | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |      3844 | NS      | $178592.24    | 2.02%             |  |  |  | No            | 1                  | On Loan: —       |
| HP Inc                                     | HP INC                               | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |      9382 | NS      | $180228.22    | 2.04%             |  |  |  | No            | 1                  | On Loan: —       |
| Huntington Bancshares Incorporated         | HUNTINGTON BANC                      | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |     11074 | NS      | $173308.10    | 1.96%             |  |  |  | No            | 1                  | On Loan: No      |
| International Business Machines Corp.      | IBM                                  | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |       696 | NS      | $168703.44    | 1.91%             |  |  |  | No            | 1                  | On Loan: No      |
| KeyCorp                                    | KEYCORP                              | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |      8814 | NS      | $176720.70    | 2.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Kinder Morgan, Inc.                        | KINDER MORGAN IN                     | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |      5236 | NS      | $175563.08    | 1.99%             |  |  |  | No            | 1                  | On Loan: No      |
| The Kraft Heinz Co.                        | KRAFT HEINZ CO/T                     | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |      7485 | NS      | $168337.65    | 1.91%             |  |  |  | No            | 1                  | On Loan: —       |
| M&T Bank Corporation                       | M&T BANK CORP                        | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |       852 | NS      | $176125.44    | 1.99%             |  |  |  | No            | 1                  | On Loan: —       |
| MetLife Inc.                               | METLIFE INC                          | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |      2476 | NS      | $175102.72    | 1.98%             |  |  |  | No            | 1                  | On Loan: No      |
| NRG Energy, Inc.                           | NRG ENERGY                           | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |      1165 | NS      | $170253.10    | 1.93%             |  |  |  | No            | 1                  | On Loan: No      |
| Oneok Inc.                                 | ONEOK INC                            | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |      2020 | NS      | $182587.80    | 2.07%             |  |  |  | No            | 1                  | On Loan: —       |
| PNC Financial Services Group Inc.          | PNC FINANCIAL SE                     | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |       842 | NS      | $175211.78    | 1.98%             |  |  |  | No            | 1                  | On Loan: No      |
| Paychex Inc                                | PAYCHEX INC                          | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |      1843 | NS      | $169777.16    | 1.92%             |  |  |  | No            | 1                  | On Loan: —       |
| Pfizer Inc.                                | PFIZER INC                           | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |      6344 | NS      | $178139.52    | 2.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Phillips 66                                | PHILLIPS 66                          | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |      1022 | NS      | $186187.96    | 2.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Price T Rowe Group Inc.                    | T ROWE PRICE GRP                     | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |      1939 | NS      | $174781.46    | 1.98%             |  |  |  | No            | 1                  | On Loan: No      |
| Principal Financial Group Inc.             | PRINCIPAL FINL                       | CUSIP: 74251V102<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | EC               | CORP              | US        |      1964 | NS      | $176976.04    | 2.00%             |  |  |  | No            | 1                  | On Loan: No      |
| The Progressive Corporation                | PROGRESSIVE CORP                     | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |       861 | NS      | $170684.64    | 1.93%             |  |  |  | No            | 1                  | On Loan: No      |
| Prudential Financial, Inc.                 | PRUDENTL FINL                        | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |      1824 | NS      | $178186.56    | 2.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Regions Financial Corporation              | REGIONS FINANCIA                     | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |      6608 | NS      | $172600.96    | 1.95%             |  |  |  | No            | 1                  | On Loan: No      |
| Restaurant Brands International Inc        | RESTAURANT BRAND                     | CUSIP: 76131D103<br>LEI: 5299009RXTX9DN9AKJ98 | Long             | EC               | CORP              | CA        |      2405 | NS      | $177729.50    | 2.01%             |  |  |  | No            | 1                  | On Loan: No      |
| State Street Corp.                         | STATE ST CORP                        | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |      1375 | NS      | $174020.00    | 1.97%             |  |  |  | No            | 1                  | On Loan: No      |
| Target Corp.                               | TARGET CORP                          | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |      1458 | NS      | $176709.60    | 2.00%             |  |  |  | No            | 1                  | On Loan: —       |
| Truist Financial Corp.                     | TRUIST FINANCIAL                     | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |      3794 | NS      | $174410.18    | 1.97%             |  |  |  | No            | 1                  | On Loan: No      |
| U.S. Bancorp.                              | US BANCORP                           | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |      3316 | NS      | $172465.16    | 1.95%             |  |  |  | No            | 1                  | On Loan: No      |
| United Parcel Service, Inc.                | UNITED PARCEL-B                      | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |      1718 | NS      | $169016.84    | 1.91%             |  |  |  | No            | 1                  | On Loan: No      |
| UnitedHealth Group Inc.                    | UNITEDHEALTH GRP                     | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |       607 | NS      | $164248.13    | 1.86%             |  |  |  | No            | 1                  | On Loan: No      |
| Verizon Communications Inc.                | VERIZON COMMUNIC                     | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |      3418 | NS      | $171583.60    | 1.94%             |  |  |  | No            | 1                  | On Loan: No      |
| Vici Properties Inc                        | VICI PROPERTIES                      | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |      6094 | NS      | $166488.08    | 1.88%             |  |  |  | No            | 1                  | On Loan: No      |
| Vistra Corp                                | VISTRA CORP                          | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |      1088 | NS      | $163559.04    | 1.85%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                        | MOUNT VERNON LIQUID ASSETS PORTFOLIO | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| Amcor PLC                                  | AMCOR PLC                            | CUSIP: G0250X149<br>LEI: 549300GSODGFCDQ3DI89 | Long             | EC               | CORP              | JE        |      4075 | NS      | $161981.25    | 1.83%             |  |  |  | No            | 1                  | On Loan: —       |
| Accenture PLC                              | ACCENTURE PLC-A                      | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |       860 | NS      | $170529.40    | 1.93%             |  |  |  | No            | 1                  | On Loan: No      |
| Medtronic PLC                              | MEDTRONIC PLC                        | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |      1947 | NS      | $168707.55    | 1.91%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2026-04-28

**Name of Applicant:** Northern Lights Variable Trust

**Signature:** James Colantino

**Name of Signer:** James Colantino

**Title:** Treasurer