# EDGAR Filing Document

**Accession Number:** 0001518042
**File Stem:** 0000910472-26-007587
**Filing Date:** 2026-5
**Character Count:** 35864
**Document Hash:** 004367a9ebd4450f10a019bc59c65fb1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-007587.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0000910472-26-007587

**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 FUND TRUST II
- **CENTRAL INDEX KEY:** 0001518042

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22549
- **FILM NUMBER:** 261029695

**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:** 4221 NORTH 203RD STREET, SUITE 100
- **CITY:** ELKHORN
- **STATE:** NE
- **ZIP:** 68022

## Series and Classes Contracts Data

### Al Frank Fund (Series ID: S000039632)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000122237 | Al Frank Fund Advisor Class | VALAX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **AL FRANK FUND** | **AL FRANK FUND** | **AL FRANK 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 — 94.9%** |  |
|  | **CONSUMER DISCRETIONARY — 6.2%** |  |
|  | **APPAREL & TEXTILE PRODUCTS - 0.5%** |  |
| 4000 | Deckers Outdoor Corporation<sup>(a)</sup> | $400360 |
|  | **AUTOMOTIVE - 2.2%** |  |
| 22500 | General Motors Company | 1676250 |
|  | **E-COMMERCE DISCRETIONARY - 1.1%** |  |
| 4000 | Amazon.com, Inc.<sup>(a)</sup> | 833080 |
|  | **HOME & OFFICE PRODUCTS - 0.5%** |  |
| 7000 | Whirlpool Corporation | 377440 |
|  | **RETAIL - DISCRETIONARY - 1.9%** |  |
| 5000 | Abercrombie & Fitch Company, Class A<sup>(a)</sup> | 456850 |
| 24000 | American Eagle Outfitters, Inc. | 400800 |
| 5000 | Target Corporation | 606000 |
|  |  | 1463650 |
|  | **TOTAL CONSUMER DISCRETIONARY (Cost $3,211,008)** | 4750780 |
|  | **CONSUMER STAPLES — 1.8%** |  |
|  | **FOOD - 0.8%** |  |
| 9650 | Tyson Foods, Inc., Class A | 618276 |
|  | **WHOLESALE - CONSUMER STAPLES - 1.0%** |  |
| 10750 | Archer-Daniels-Midland Company | 781417 |
|  | **TOTAL CONSUMER STAPLES (Cost $305,174)** | 1399693 |
|  | **ENERGY — 6.5%** |  |
|  | **OIL & GAS PRODUCERS - 6.5%** |  |
| 11500 | EOG Resources, Inc. | 1662555 |
| 11000 | Exxon Mobil Corporation | 1866260 |

---

---

| | | |
|:---|:---|:---|
| **AL FRANK FUND** | **AL FRANK FUND** | **AL FRANK 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** |
|  | **ENERGY — 6.5% (Continued)** |  |
|  | **OIL & GAS PRODUCERS - 6.5% (Continued)** |  |
| 16000 | TotalEnergies S.E. | $1455680 |
|  | **TOTAL ENERGY (Cost $2,210,935)** | 4984495 |
|  | **FINANCIALS — 17.0%** |  |
|  | **BANKING - 9.3%** |  |
| 28000 | Bank of America Corporation | 1365000 |
| 32000 | Fifth Third Bancorp | 1486720 |
| 7000 | JPMorgan Chase & Company | 2059120 |
| 6000 | PNC Financial Services Group, Inc. (The) | 1248540 |
| 22000 | Truist Financial Corporation | 1011340 |
|  |  | 7170720 |
|  | **INSTITUTIONAL FINANCIAL SERVICES - 2.5%** |  |
| 2325 | Goldman Sachs Group, Inc. (The) | 1966927 |
|  | **INSURANCE - 2.9%** |  |
| 15500 | MetLife, Inc. | 1096160 |
| 11500 | Prudential Financial, Inc. | 1123435 |
|  |  | 2219595 |
|  | **SPECIALTY FINANCE - 1.9%** |  |
| 8000 | Capital One Financial Corporation | 1459440 |
|  | **TECHNOLOGY SERVICES - 0.4%** |  |
| 6500 | PayPal Holdings, Inc. | 293995 |
|  | **TOTAL FINANCIALS (Cost $4,346,760)** | 13110677 |
|  | **HEALTH CARE — 11.0%** |  |
|  | **BIOTECH & PHARMA - 6.4%** |  |
| 3000 | Amgen, Inc. | 1055550 |
| 18495 | Bristol-Myers Squibb Company | 1121722 |
| 5600 | Johnson & Johnson | 1368864 |
| 7000 | Merck & Company, Inc. | 842030 |
| 20000 | Pfizer, Inc. | 561600 |
|  |  | 4949766 |

---

---

| | | |
|:---|:---|:---|
| **AL FRANK FUND** | **AL FRANK FUND** | **AL FRANK 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** |
|  | **HEALTH CARE — 11.0% (Continued)** |  |
|  | **HEALTH CARE FACILITIES & SERVICES - 2.2%** |  |
| 4300 | Cardinal Health, Inc. | $908633 |
| 11000 | CVS Health Corporation | 790020 |
|  |  | 1698653 |
|  | **MEDICAL EQUIPMENT & DEVICES - 2.4%** |  |
| 7750 | Abbott Laboratories | 795692 |
| 7000 | Medtronic PLC | 606550 |
| 5000 | Zimmer Biomet Holdings, Inc. | 452100 |
|  |  | 1854342 |
|  | **TOTAL HEALTH CARE (Cost $5,052,661)** | 8502761 |
|  | **INDUSTRIALS — 13.7%** |  |
|  | **AEROSPACE & DEFENSE - 1.8%** |  |
| 2300 | Lockheed Martin Corporation, Class B | 1390097 |
|  | **ELECTRICAL EQUIPMENT - 1.6%** |  |
| 3500 | Eaton Corporation PLC | 1251845 |
|  | **HOME CONSTRUCTION - 0.6%** |  |
| 7000 | Meritage Homes Corporation | 432880 |
|  | **MACHINERY - 2.8%** |  |
| 1900 | Caterpillar, Inc. | 1346074 |
| 1452 | Deere & Company | 817912 |
|  |  | 2163986 |
|  | **RENEWABLE ENERGY - 1.5%** |  |
| 6500 | EnerSys | 1129180 |
|  | **TRANSPORTATION & LOGISTICS - 3.0%** |  |
| 3000 | FedEx Corporation | 1068540 |
| 4250 | Norfolk Southern Corporation | 1219750 |
|  |  | 2288290 |

---

---

| | | |
|:---|:---|:---|
| **AL FRANK FUND** | **AL FRANK FUND** | **AL FRANK 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** |
|  | **INDUSTRIALS — 13.7% (Continued)** |  |
|  | **TRANSPORTATION EQUIPMENT - 2.4%** |  |
| 3500 | Cummins, Inc. | $1883070 |
|  | **TOTAL INDUSTRIALS (Cost $3,225,852)** | 10539348 |
|  | **MATERIALS — 4.8%** |  |
|  | **CHEMICALS - 2.4%** |  |
| 4800 | Albemarle Corporation | 861744 |
| 10000 | Celanese Corporation | 657700 |
| 13000 | Mosaic Company (The) | 331500 |
|  |  | 1850944 |
|  | **CONTAINERS & PACKAGING - 1.0%** |  |
| 20500 | International Paper Company | 731850 |
|  | **METALS & MINING - 1.4%** |  |
| 10000 | Newmont Corporation | 1082500 |
|  | **TOTAL MATERIALS (Cost $2,229,645)** | 3665294 |
|  | **MEDIA & COMMUNICATIONS — 6.6%** |  |
|  | **CABLE & SATELLITE - 0.7%** |  |
| 20000 | Comcast Corporation, Class A | 574200 |
|  | **ENTERTAINMENT CONTENT - 1.2%** |  |
| 800 | Versant Media Group, Inc. | 29616 |
| 9000 | Walt Disney Company (The) | 867420 |
|  |  | 897036 |
|  | **INTERNET MEDIA & SERVICES - 4.0%** |  |
| 7000 | Alphabet, Inc., Class C | 2008020 |
| 1825 | Meta Platforms, Inc., Class A | 1044137 |
|  |  | 3052157 |

---

---

| | | |
|:---|:---|:---|
| **AL FRANK FUND** | **AL FRANK FUND** | **AL FRANK 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** |
|  | **MEDIA & COMMUNICATIONS — 6.6% (Continued)** |  |
|  | **TELECOMMUNICATIONS - 0.7%** |  |
| 11000 | Verizon Communications, Inc. | $552200 |
|  | **TOTAL MEDIA & COMMUNICATIONS (Cost $1,629,504)** | 5075593 |
|  | **REAL ESTATE & REIT — 3.1%** |  |
|  | **DATA CENTER REIT - 1.3%** |  |
| 5500 | Digital Realty Trust, Inc. | 991155 |
|  | **HEALTH CARE REIT - 0.6%** |  |
| 10000 | Alexandria Real Estate Equities, Inc. | 464200 |
|  | **RETAIL REIT - 1.2%** |  |
| 40000 | Kimco Realty Corporation | 898800 |
|  | **TOTAL REAL ESTATE & REIT (Cost $1,861,765)** | 2354155 |
|  | **TECHNOLOGY — 24.2%** |  |
|  | **RENEWABLE ENERGY - 0.6%** |  |
| 2300 | First Solar, Inc.<sup>(a)</sup> | 453698 |
|  | **SEMICONDUCTORS - 6.5%** |  |
| 47480 | Cohu, Inc.<sup>(a)</sup> | 1453838 |
| 23515 | Intel Corporation<sup>(a)</sup> | 1037717 |
| 8000 | Lam Research Corporation | 1709280 |
| 6000 | QUALCOMM, Inc. | 772680 |
|  |  | 4973515 |
|  | **SOFTWARE - 4.3%** |  |
| 1500 | Adobe, Inc.<sup>(a)</sup> | 364620 |
| 30000 | Gen Digital, Inc. | 564900 |
| 3250 | Microsoft Corporation | 1203052 |
| 5300 | Oracle Corporation | 779683 |
| 2000 | Salesforce, Inc. | 373340 |
|  |  | 3285595 |

---

---

| | | |
|:---|:---|:---|
| **AL FRANK FUND** | **AL FRANK FUND** | **AL FRANK 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** |
|  | **TECHNOLOGY — 24.2% (Continued)** |  |
|  | **TECHNOLOGY HARDWARE - 11.1%** |  |
| 7100 | Apple, Inc. | $1801909 |
| 15500 | Benchmark Electronics, Inc. | 868930 |
| 18000 | Cisco Systems, Inc. | 1396620 |
| 14000 | Corning, Inc. | 1903580 |
| 10000 | NetApp, Inc. | 1023900 |
| 3900 | Seagate Technology Holdings PLC | 1527864 |
|  |  | 8522803 |
|  | **TECHNOLOGY SERVICES - 1.7%** |  |
| 5500 | International Business Machines Corporation | 1333145 |
|  | **TOTAL TECHNOLOGY (Cost $5,864,302)** | 18568756 |
|  | **TOTAL COMMON STOCKS (Cost $29,937,606)** | 72951552 |
|  | **SHORT-TERM INVESTMENTS — 5.1%** |  |
|  | **MONEY MARKET FUNDS - 5.1%** |  |
| 3768082 | Fidelity Government Portfolio, Class I, 3.53%<sup>(b)</sup> | 3768082 |
| 146563 | MSILF Treasury Portfolio, Institutional Class, 3.53%<sup>(b)</sup> | 146563 |
|  | **TOTAL SHORT-TERM INVESTMENTS (Cost $3,914,645)** | 3914645 |
|  | **TOTAL INVESTMENTS - 100.0% (Cost $33,852,251)** | $76866197 |
|  | **LIABILITIES IN EXCESS OF OTHER ASSETS - (0.0)%**<sup>(c)</sup>** | (33009) |
|  | **NET ASSETS - 100.0%** | $76833188 |

---

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

---

| |
|:---|
| (a) Non-income producing security.<br> (b) Rate disclosed is the seven day effective yield as of December 31, 2025.  |
| (c) Amount represents less than 0.05%. |

---

## 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 FUND TRUST II

- **b. Investment Company Act file number:** 811-22549

- **c. CIK number of Registrant:** 0001518042

- **d. LEI of Registrant:** 549300TH7YXW5G2QY588

- **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:** Al Frank Fund

- **b. EDGAR series identifier (if any):** S000039632

- **c. LEI of Series:** 549300DVLM0F0XR38387

**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:** $77257282.36

**Total Liabilities:** $424094.84

**Net Assets:** $76833187.52

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000122237 | 6.67%                | 1.92%                | -3.93%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2534798.05              | $2399362.14                                |
| Month 2  | $2374054.36              | $-913956.53                                |
| Month 3  | $0.00                    | $-3227629.07                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Abbott Laboratories                          | ABBOTT LABS      | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |      7750 | NS      | $795692.50    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Abercrombie & Fitch Co                       | ABERCROMBIE & FI | CUSIP: 002896207<br>LEI: 5493000J7LL72TOGT983 | Long             | EC               | CORP              | US        |      5000 | NS      | $456850.00    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                                    | ADOBE INC        | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |      1500 | NS      | $364620.00    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Albemarle Corp                               | ALBEMARLE CORP   | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EC               | CORP              | US        |      4800 | NS      | $861744.00    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equities, Inc.        | ALEXANDRIA REAL  | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |     10000 | NS      | $464200.00    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                                | ALPHABET INC-C   | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      7000 | NS      | $2008020.00   | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                             | AMAZON.COM INC   | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      4000 | NS      | $833080.00    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| American Eagle Outfitters Inc.               | AMER EAGLE OUTF  | CUSIP: 02553E106<br>LEI: 5299001Z9HXK01DHW793 | Long             | EC               | CORP              | US        |     24000 | NS      | $400800.00    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc.                                   | AMGEN INC        | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      3000 | NS      | $1055550.00   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                                   | APPLE INC        | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      7100 | NS      | $1801909.00   | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer-Daniels-Midland Co.                   | ARCHER-DANIELS   | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |     10750 | NS      | $781417.50    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                        | BANK OF AMERICA  | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     28000 | NS      | $1365000.00   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Benchmark Electronics, Inc.                  | BENCHMARK ELECTR | CUSIP: 08160H101<br>LEI: 549300W18RHYZOZKOP53 | Long             | EC               | CORP              | US        |     15500 | NS      | $868930.00    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Company                 | BRISTOL-MYER SQB | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     18495 | NS      | $1121721.75   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                              | CVS HEALTH CORP  | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |     11000 | NS      | $790020.00    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp.                  | CAPITAL ONE FINA | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |      8000 | NS      | $1459440.00   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health, Inc.                        | CARDINAL HEALTH  | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |      4300 | NS      | $908633.00    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                              | CATERPILLAR INC  | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |      1900 | NS      | $1346074.00   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Celanese Corporation                         | CELANESE CORP    | CUSIP: 150870103<br>LEI: 549300FHJQTDPPN41627 | Long             | EC               | CORP              | US        |     10000 | NS      | $657700.00    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                          | CISCO SYSTEMS    | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     18000 | NS      | $1396620.00   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohu Inc                                     | COHU INC         | CUSIP: 192576106<br>LEI: 529900FJPORJ3JJ2XS33 | Long             | EC               | CORP              | US        |     47480 | NS      | $1453837.60   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corporation                          | COMCAST CORP-A   | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     20000 | NS      | $574200.00    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning Incorporated                         | CORNING INC      | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |     14000 | NS      | $1903580.00   | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc.                                 | CUMMINS INC      | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |      3500 | NS      | $1883070.00   | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Deckers Outdoor Corp.                        | DECKERS OUTDOOR  | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |      4000 | NS      | $400360.00    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Company                              | DEERE & CO       | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |      1452 | NS      | $817911.60    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc.                    | DIGITAL REALTY   | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |      5500 | NS      | $991155.00    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Company                          | WALT DISNEY CO/T | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |      9000 | NS      | $867420.00    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc.                           | EOG RESOURCES    | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     11500 | NS      | $1662555.00   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| EnerSys                                      | ENERSYS          | CUSIP: 29275Y102<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | EC               | CORP              | US        |      6500 | NS      | $1129180.00   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                            | EXXON MOBIL CORP | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     11000 | NS      | $1866260.00   | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                           | META PLATFORMS-A | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      1825 | NS      | $1044137.25   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corporation                            | FEDEX CORP       | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |      3000 | NS      | $1068540.00   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Colchester Street Trust             | FID-MM GOVT-I    | CUSIP: 316175108<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |   3768082 | PA      | $3768081.69   | 4.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp                          | FIFTH THIRD BANC | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |     32000 | NS      | $1486720.00   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                              | FIRST SOLAR INC  | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |      2300 | NS      | $453698.00    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Company                       | GENERAL MOTORS C | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |     22500 | NS      | $1676250.00   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc.                    | GOLDMAN SACHS GP | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      2325 | NS      | $1966926.75   | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corporation                            | INTEL CORP       | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |     23515 | NS      | $1037716.95   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp.        | IBM              | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      5500 | NS      | $1333145.00   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| International Paper Co.                      | INTL PAPER CO    | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |     20500 | NS      | $731850.00    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                         | JPMORGAN CHASE   | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      7000 | NS      | $2059120.00   | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                            | JOHNSON&JOHNSON  | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      5600 | NS      | $1368864.00   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimco Realty Corporation                     | KIMCO REALTY     | CUSIP: 49446R109<br>LEI: 254900ARY41P4V1JL861 | Long             | EC               | CORP              | US        |     40000 | NS      | $898800.00    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corporation                     | LAM RESEARCH     | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |      8000 | NS      | $1709280.00   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corporation                  | LOCKHEED MARTIN  | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      2300 | NS      | $1390097.00   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc                             | MERCK & CO       | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |      7000 | NS      | $842030.00    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Meritage Homes Corp                          | MERITAGE HOMES C | CUSIP: 59001A102<br>LEI: 52990044W9UMFJO2FB97 | Long             | EC               | CORP              | US        |      7000 | NS      | $432880.00    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife Inc.                                 | METLIFE INC      | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |     15500 | NS      | $1096160.00   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                              | MICROSOFT CORP   | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      3250 | NS      | $1203052.50   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Institutional Liquidity Funds | MSILF-TREA-INS   | CUSIP: 61747C582<br>LEI: 5493000A332Y142SOW84 | Long             | STIV             | RF                | US        |    146563 | PA      | $146563.43    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| The Mosaic Company                           | MOSAIC CO/THE    | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |     13000 | NS      | $331500.00    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp Inc.                                  | NETAPP INC       | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |     10000 | NS      | $1023900.00   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corporation                          | NEWMONT CORP     | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     10000 | NS      | $1082500.00   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corporation                 | NORFOLK SOUTHERN | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |      4250 | NS      | $1219750.00   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Gen Digital Inc                              | GEN DIGITAL INC  | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |     30000 | NS      | $564900.00    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                                 | ORACLE CORP      | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |      5300 | NS      | $779683.00    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group Inc.            | PNC FINANCIAL SE | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |      6000 | NS      | $1248540.00   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Paypal Holdings Inc.                         | PAYPAL HOLDINGS  | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |      6500 | NS      | $293995.00    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc.                                  | PFIZER INC       | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     20000 | NS      | $561600.00    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential Financial, Inc.                   | PRUDENTL FINL    | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |     11500 | NS      | $1123435.00   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc.                                | QUALCOMM INC     | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |      6000 | NS      | $772680.00    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc.                              | SALESFORCE INC   | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      2000 | NS      | $373340.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corp.                                 | TARGET CORP      | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |      5000 | NS      | $606000.00    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp.                       | TRUIST FINANCIAL | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |     22000 | NS      | $1011340.00   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods, Inc.                            | TYSON FOODS-A    | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |      9650 | NS      | $618275.50    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc.                  | VERIZON COMMUNIC | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     11000 | NS      | $552200.00    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Versant Media Group Inc.                     | VERSANT MEDIA GR | CUSIP: 925283103<br>LEI: 254900D2Q5F5F229PU30 | Long             | EC               | CORP              | US        |       800 | NS      | $29616.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Whirlpool Corp.                              | WHIRLPOOL CORP   | CUSIP: 963320106<br>LEI: WHENKOULSSK7WUM60H03 | Long             | EC               | CORP              | US        |      7000 | NS      | $377440.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimmer Biomet Holdings Inc                   | ZIMMER BIOMET HO | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |      5000 | NS      | $452100.00    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                             | TOTALENERGIES SE | CUSIP: F92124100<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |     16000 | NS      | $1455680.00   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corporation PLC                        | EATON CORP PLC   | CUSIP: G29183103<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |      3500 | NS      | $1251845.00   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                                | MEDTRONIC PLC    | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |      7000 | NS      | $606550.00    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings PLC              | SEAGATE TECHNOLO | CUSIP: G7997R103<br>LEI: 635400RUXIFEZSRU8X70 | Long             | EC               | CORP              | IE        |      3900 | NS      | $1527864.00   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** NORTHERN LIGHTS FUND TRUST II

**Signature:** Erik Naviloff

**Name of Signer:** Erik Naviloff

**Title:** Treasurer