# EDGAR Filing Document

**Accession Number:** 0001314414
**File Stem:** 0001752724-25-211811
**Filing Date:** 2025-8
**Character Count:** 43399
**Document Hash:** 4b527d26d6c9c7969ac449b237c8b19f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-211811.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001752724-25-211811

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Northern Lights Fund Trust
- **CENTRAL INDEX KEY:** 0001314414

**ORGANIZATION NAME:**
- **EIN:** 043023766
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21720
- **FILM NUMBER:** 251273719

**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:** 17605 WRIGHT STREET
- **STREET 2:** SUITE 200
- **CITY:** OMAHA
- **STATE:** NE
- **ZIP:** 68130

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Strategy Shares
- **DATE OF NAME CHANGE:** 20160223

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Mutual Fund & Variable Insurance Trust
- **DATE OF NAME CHANGE:** 20160223

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Northern Lights Fund Trust
- **DATE OF NAME CHANGE:** 20050121

## Series and Classes Contracts Data

### Grant Park Dynamic Allocation Fund (Series ID: S000089342)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000255862 | Grant Park Dynamic Allocation Fund Class A |  |
| C000255863 | Grant Park Dynamic Allocation Fund Class I |  |

## Nport-Ex

---

| | | | | |
|:---|:---|:---|:---|:---|
| **GRANT PARK DYNAMIC ALLOCATION FUND** | **GRANT PARK DYNAMIC ALLOCATION FUND** | **GRANT PARK DYNAMIC ALLOCATION FUND** | **GRANT PARK DYNAMIC ALLOCATION FUND** | **GRANT PARK DYNAMIC ALLOCATION FUND** |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)** | **CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)** | **CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)** | **CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)** | **CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Shares** |  |  |  | **Fair Value** |
|  | **EXCHANGE-TRADED FUNDS — 13.7%** |  |  |  |
|  | **EQUITY - 13.7%** |  |  |  |
| 41376 | Vanguard FTSE Developed Markets ETF |  |  | &nbsp;&nbsp;&nbsp; $2358847 |
| 23351 | Vanguard FTSE Emerging Markets ETF |  |  | &nbsp;&nbsp;&nbsp; 1154940 |
| 6693 | Vanguard Real Estate ETF |  |  | &nbsp;&nbsp;&nbsp; 596079 |
|  | **TOTAL EXCHANGE-TRADED FUNDS (Cost $3,770,309)** |  |  | &nbsp;&nbsp; 4109866 |
|  | **SHORT-TERM INVESTMENTS — 73.5%** |  |  |  |
|  | **MONEY MARKET FUNDS - 73.5%** |  |  |  |
| 300860 | Fidelity Investments Money Market Government Portfolio, Class I, 4.23%<sup>(a)</sup> | Fidelity Investments Money Market Government Portfolio, Class I, 4.23%<sup>(a)</sup> | Fidelity Investments Money Market Government Portfolio, Class I, 4.23%<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 300860 |
| 21768465 | Morgan Stanley Institutional Liquidity Funds Government Portfolio, Institutional Class, 4.23% <sup>(a)(c)</sup> | Morgan Stanley Institutional Liquidity Funds Government Portfolio, Institutional Class, 4.23% <sup>(a)(c)</sup> |  | &nbsp;&nbsp;&nbsp; 21768465 |
|  | **TOTAL SHORT-TERM INVESTMENTS (Cost $22,069,325)** | **TOTAL SHORT-TERM INVESTMENTS (Cost $22,069,325)** |  | &nbsp;&nbsp; 22069325 |
|  | **TOTAL INVESTMENTS - 87.2% (Cost $25,839,634)** |  |  | &nbsp;&nbsp;&nbsp; $26179191 |
|  | **EXCHANGE-TRADED FUND SOLD SHORT — (3.6)%** |  |  |  |
|  | **COMMODITY - (3.6)%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(82618) | Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF **(Proceeds - $1,050,677)** | Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF **(Proceeds - $1,050,677)** |  | &nbsp;&nbsp;&nbsp; (1077339) |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES - 16.4%** |  |  | &nbsp;&nbsp; 4935164 |
|  | **NET ASSETS - 100.0%** |  |  | &nbsp;&nbsp; $30037016 |
| **OPEN FUTURES CONTRACTS** | **OPEN FUTURES CONTRACTS** |  |  |  |
| **Number of Contracts** | **Open Long Futures Contracts** | **Expiration** | **Notional Amount<sup>(b)</sup>** | **Value and Unrealized Appreciation (Depreciation)** |
| 116 | 3 Month Euro Euribor Future | 03/15/2027 | &nbsp;&nbsp;&nbsp; $33484923 | &nbsp;&nbsp;&nbsp; $(13710) |
| 8 | CBOT 10 Year US Treasury Note | 09/19/2025 | &nbsp;&nbsp;&nbsp; 897000 | &nbsp;&nbsp;&nbsp; 7906 |
| 10 | CBOT 2 Year US Treasury Note | 09/30/2025 | &nbsp;&nbsp;&nbsp; 2080234 | &nbsp;&nbsp;&nbsp; 3047 |
| 18 | CBOT 5 Year US Treasury Note | 09/30/2025 | &nbsp;&nbsp;&nbsp; 1962000 | &nbsp;&nbsp;&nbsp; 12453 |
| 3 | CBOT Oats Future<sup>(c)</sup> | 12/12/2025 | &nbsp;&nbsp;&nbsp; 55613 | &nbsp;&nbsp;&nbsp; 1300 |
| 4 | CBOT Soybean Oil Future<sup>(c)</sup> | 12/12/2025 | &nbsp;&nbsp;&nbsp; 126600 | &nbsp;&nbsp;&nbsp; (4794) |
| 24 | CME British Pound Currency Future | 09/15/2025 | &nbsp;&nbsp;&nbsp; 2058750 | &nbsp;&nbsp;&nbsp; 30241 |
| 8 | CME Canadian Dollar Currency Future | 09/16/2025 | &nbsp;&nbsp;&nbsp; 589440 | &nbsp;&nbsp;&nbsp; 1860 |
| 1 | CME E-Mini NASDAQ 100 Index Future | 09/19/2025 | &nbsp;&nbsp;&nbsp; 457865 | &nbsp;&nbsp;&nbsp; 19830 |
| 5 | CME E-Mini Standard & Poor's 500 Index Future | 09/19/2025 | &nbsp;&nbsp;&nbsp; 1563438 | &nbsp;&nbsp;&nbsp; 47040 |
| 3 | CME E-Mini Standard & Poor's MidCap 400 Index | 09/19/2025 | &nbsp;&nbsp;&nbsp; 937650 | &nbsp;&nbsp;&nbsp; 14245 |
| 4 | CME Euro Foreign Exchange Currency Future | 09/15/2025 | &nbsp;&nbsp;&nbsp; 591800 | &nbsp;&nbsp;&nbsp; 17960 |
| 2 | CME Feeder Cattle Future<sup>(c)</sup> | 08/28/2025 | &nbsp;&nbsp;&nbsp; 310675 | &nbsp;&nbsp;&nbsp; 2875 |
| 3 | CME Lean Hogs Future<sup>(c)</sup> | 08/14/2025 | &nbsp;&nbsp;&nbsp; 129000 | &nbsp;&nbsp;&nbsp; (2790) |
| 3 | CME Live Cattle Future<sup>(c)</sup> | 08/29/2025 | &nbsp;&nbsp;&nbsp; 256650 | &nbsp;&nbsp;&nbsp; 4520 |
| 43 | CME Mexican Peso Currency Future | 09/15/2025 | &nbsp;&nbsp;&nbsp; 1137350 | &nbsp;&nbsp;&nbsp; 11375 |
| 1 | COMEX Copper Future<sup>(c)</sup> | 09/26/2025 | &nbsp;&nbsp;&nbsp; 127063 | &nbsp;&nbsp;&nbsp; 5725 |
| 129 | COMEX E-Micro Gold Futures<sup>(c)</sup> | 08/27/2025 | &nbsp;&nbsp;&nbsp; 4266933 | &nbsp;&nbsp;&nbsp; (15656) |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **GRANT PARK DYNAMIC ALLOCATION FUND** | **GRANT PARK DYNAMIC ALLOCATION FUND** | **GRANT PARK DYNAMIC ALLOCATION FUND** | **GRANT PARK DYNAMIC ALLOCATION FUND** | **GRANT PARK DYNAMIC ALLOCATION FUND** |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **OPEN FUTURES CONTRACTS (Continued)** | **OPEN FUTURES CONTRACTS (Continued)** | | | |
| **Number of Contracts** | **Open Long Futures Contracts** | **Expiration** | **Notional Amount<sup>(b)</sup>** | **Value and Unrealized Appreciation (Depreciation)** |
| 7 | COMEX Gold 100 Troy Ounces Future<sup>(c)</sup> | 08/27/2025 | &nbsp;&nbsp;&nbsp; $2315390 | &nbsp;&nbsp;&nbsp; $(14950) |
| 1 | COMEX Silver Future<sup>(c)</sup> | 09/26/2025 | &nbsp;&nbsp;&nbsp; 180860 | &nbsp;&nbsp;&nbsp; (430) |
| 28 | Eurex 2 Year Euro SCHATZ Future | 09/08/2025 | &nbsp;&nbsp;&nbsp; 3537102 | &nbsp;&nbsp;&nbsp; (2056) |
| 15 | Eurex 5 Year Euro BOBL Future | 09/08/2025 | &nbsp;&nbsp;&nbsp; 2079152 | &nbsp;&nbsp;&nbsp; (4760) |
| 11 | Euro-BTP Italian Bond Futures | 09/08/2025 | &nbsp;&nbsp;&nbsp; 1567727 | &nbsp;&nbsp;&nbsp; 3145 |
| 10 | French Government Bond Futures | 09/08/2025 | &nbsp;&nbsp;&nbsp; 1458657 | &nbsp;&nbsp;&nbsp; (8057) |
| 12 | FTSE 100 Index Future | 09/19/2025 | &nbsp;&nbsp;&nbsp; 1447705 | &nbsp;&nbsp;&nbsp; (15917) |
| 7 | HKG Hang Seng Index Future | 07/30/2025 | &nbsp;&nbsp;&nbsp; 1073814 | &nbsp;&nbsp;&nbsp; (3656) |
| 2 | ICE Brent Crude Oil Future<sup>(c)</sup> | 07/31/2025 | &nbsp;&nbsp;&nbsp; 133480 | &nbsp;&nbsp;&nbsp; (10120) |
| 4 | ICE Gas Oil Future<sup>(c)</sup> | 08/12/2025 | &nbsp;&nbsp;&nbsp; 264400 | &nbsp;&nbsp;&nbsp; (33100) |
| 22 | ICE US MSCI Emerging Markets EM Index Futures | 09/19/2025 | &nbsp;&nbsp;&nbsp; 1356850 | &nbsp;&nbsp;&nbsp; 29620 |
| 3 | LME Copper Future<sup>(c)</sup> | 09/15/2025 | &nbsp;&nbsp;&nbsp; 741201 | &nbsp;&nbsp;&nbsp; 11014 |
| 1 | LME Nickel Future<sup>(c)</sup> | 09/15/2025 | &nbsp;&nbsp;&nbsp; 91175 | &nbsp;&nbsp;&nbsp; (1705) |
| 17 | LME Primary Aluminum Future<sup>(c)</sup> | 09/15/2025 | &nbsp;&nbsp;&nbsp; 1105026 | &nbsp;&nbsp;&nbsp; (3392) |
| 8 | LME Zinc Future<sup>(c)</sup> | 09/15/2025 | &nbsp;&nbsp;&nbsp; 550536 | &nbsp;&nbsp;&nbsp; 6136 |
| 3 | Long Gilt Future | 09/26/2025 | &nbsp;&nbsp;&nbsp; 383071 | &nbsp;&nbsp;&nbsp; (1234) |
| 354 | Micro E-mini S&P 500 futures | 09/19/2025 | &nbsp;&nbsp;&nbsp; 11069138 | &nbsp;&nbsp;&nbsp; 381258 |
| 1 | NYBOT CSC Cocoa Future<sup>(c)</sup> | 09/15/2025 | &nbsp;&nbsp;&nbsp; 90000 | &nbsp;&nbsp;&nbsp; (4050) |
| 2 | NYMEX Light Sweet Crude Oil Future<sup>(c)</sup> | 07/22/2025 | &nbsp;&nbsp;&nbsp; 130220 | &nbsp;&nbsp;&nbsp; (260) |
| 1 | NYMEX NY Harbor ULSD Futures<sup>(c)</sup> | 07/31/2025 | &nbsp;&nbsp;&nbsp; 95605 | &nbsp;&nbsp;&nbsp; (2633) |
| 1 | NYMEX Palladium Future<sup>(c)</sup> | 09/26/2025 | &nbsp;&nbsp;&nbsp; 110710 | &nbsp;&nbsp;&nbsp; 11660 |
| 5 | NYMEX Platinum Future<sup>(c)</sup> | 10/29/2025 | &nbsp;&nbsp;&nbsp; 335750 | &nbsp;&nbsp;&nbsp; 12100 |
| 2 | NYMEX Reformulated Gasoline Blendstock for Oxygen<sup>(c)</sup> | 07/31/2025 | &nbsp;&nbsp;&nbsp; 174056 | &nbsp;&nbsp;&nbsp; (10811) |
| 2 | SGX Asiaclear TSI Iron Ore CFR China 62% FE Fines<sup>(c)</sup> | 08/29/2025 | &nbsp;&nbsp;&nbsp; 18804 | &nbsp;&nbsp;&nbsp; (76) |
| 16 | SGX Nikkei 225 Stock Index Future | 09/11/2025 | &nbsp;&nbsp;&nbsp; 2247032 | &nbsp;&nbsp;&nbsp; 94096 |
| 111 | Three Month SONIA Index Futures | 03/15/2027 | &nbsp;&nbsp;&nbsp; 36788099 | &nbsp;&nbsp;&nbsp; 51717 |
| 137 | Three-Month SOFR Futures | 03/15/2027 | &nbsp;&nbsp;&nbsp; 33207088 | &nbsp;&nbsp;&nbsp; 66425 |
| 1 | TSE Japanese 10 Year Bond Futures | 09/12/2025 | &nbsp;&nbsp;&nbsp; 965216 | &nbsp;&nbsp;&nbsp; 4014 |
| 7 | WCE Canola Future<sup>(c)</sup> | 11/14/2025 | &nbsp;&nbsp;&nbsp; 72944 | &nbsp;&nbsp;&nbsp; 844 |
|  | **NET UNREALIZED APPRECIATION FROM OPEN LONG FUTURES CONTRACTS** | **NET UNREALIZED APPRECIATION FROM OPEN LONG FUTURES CONTRACTS** | **NET UNREALIZED APPRECIATION FROM OPEN LONG FUTURES CONTRACTS** | &nbsp;&nbsp; $698249 |
| **OPEN FUTURES CONTRACTS** | **OPEN FUTURES CONTRACTS** |  |  |  |
| **Number of Contracts** | **Open Short Futures Contracts** | **Expiration** | **Notional Amount<sup>(b)</sup>** | **Value and Unrealized Appreciation (Depreciation)** |
| 100 | CBOT 30 Day Federal Funds Future | 09/30/2025 | &nbsp;&nbsp;&nbsp; $39930277 | &nbsp;&nbsp;&nbsp; $(16793) |
| 22 | CBOT Corn Future<sup>(c)</sup> | 12/12/2025 | &nbsp;&nbsp;&nbsp; 468050 | &nbsp;&nbsp;&nbsp; 10038 |
| 4 | CBOT Soybean Future<sup>(c)</sup> | 11/14/2025 | &nbsp;&nbsp;&nbsp; 205400 | &nbsp;&nbsp;&nbsp; 4875 |
| 26 | CBOT Soybean Meal Future<sup>(c)</sup> | 12/12/2025 | &nbsp;&nbsp;&nbsp; 752180 | &nbsp;&nbsp;&nbsp; 19950 |
| 9 | CBOT US Treasure Bond Futures | 09/19/2025 | &nbsp;&nbsp;&nbsp; 1039219 | &nbsp;&nbsp;&nbsp; (44563) |
| 5 | CBOT Wheat Future<sup>(c)</sup> | 12/12/2025 | &nbsp;&nbsp;&nbsp; 140000 | &nbsp;&nbsp;&nbsp; 2875 |
| 13 | CME Australian Dollar Currency Future | 09/15/2025 | &nbsp;&nbsp;&nbsp; 856635 | &nbsp;&nbsp;&nbsp; (15000) |
| 12 | CME Japanese Yen Currency Future | 09/15/2025 | &nbsp;&nbsp;&nbsp; 1049175 | &nbsp;&nbsp;&nbsp; (7635) |
| 8 | CME New Zealand Dollar Currency Future | 09/15/2025 | &nbsp;&nbsp;&nbsp; 488840 | &nbsp;&nbsp;&nbsp; (5600) |
| 1 | Eurex 10 Year Euro BUND Future | 09/08/2025 | &nbsp;&nbsp;&nbsp; 153298 | &nbsp;&nbsp;&nbsp; (2206) |
| 1 | Eurex DAX Index Future | 09/19/2025 | &nbsp;&nbsp;&nbsp; 708157 | &nbsp;&nbsp;&nbsp; (22734) |
| 2 | LME Copper Future<sup>(c)</sup> | 09/15/2025 | &nbsp;&nbsp;&nbsp; 494134 | &nbsp;&nbsp;&nbsp; (14184) |
| 5 | LME Nickel Future<sup>(c)</sup> | 09/15/2025 | &nbsp;&nbsp;&nbsp; 455875 | &nbsp;&nbsp;&nbsp; 3377 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **GRANT PARK DYNAMIC ALLOCATION FUND** | **GRANT PARK DYNAMIC ALLOCATION FUND** | **GRANT PARK DYNAMIC ALLOCATION FUND** | **GRANT PARK DYNAMIC ALLOCATION FUND** | **GRANT PARK DYNAMIC ALLOCATION FUND** |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **OPEN FUTURES CONTRACTS (Continued)** | **OPEN FUTURES CONTRACTS (Continued)** | | | |
| **Number of Contracts** | **Open Short Futures Contracts** | **Expiration** | **Notional Amount<sup>(b)</sup>** | **Value and Unrealized Appreciation (Depreciation)** |
| 6 | LME Primary Aluminum Future<sup>(c)</sup> | 09/15/2025 | &nbsp;&nbsp;&nbsp;$390009 | &nbsp;&nbsp;&nbsp;$(19472) |
| 12 | LME Zinc Future<sup>(c)</sup> | 09/15/2025 | &nbsp;&nbsp;&nbsp; 825804 | &nbsp;&nbsp;&nbsp; (11167) |
| 1 | NYBOT CSC C Coffee Future<sup>(c)</sup> | 09/18/2025 | &nbsp;&nbsp;&nbsp; 112538 | &nbsp;&nbsp;&nbsp; 7444 |
| 28 | NYBOT CSC Number 11 World Sugar Future<sup>(c)</sup> | 09/30/2025 | &nbsp;&nbsp;&nbsp; 508032 | &nbsp;&nbsp;&nbsp; 5824 |
| 30 | NYBOT CTN Number 2 Cotton Future<sup>(c)</sup> | 12/08/2025 | &nbsp;&nbsp;&nbsp; 1021950 | &nbsp;&nbsp;&nbsp; (9665) |
| 7 | NYBOT FINEX United States Dollar Index Future | 09/15/2025 | &nbsp;&nbsp;&nbsp; 675451 | &nbsp;&nbsp;&nbsp; 14454 |
| 2 | NYMEX Henry Hub Natural Gas Futures<sup>(c)</sup> | 07/29/2025 | &nbsp;&nbsp;&nbsp; 69120 | &nbsp;&nbsp;&nbsp; 7870 |
|  | **NET UNREALIZED DEPRECIATION FROM OPEN SHORT FUTURES CONTRACTS** | **NET UNREALIZED DEPRECIATION FROM OPEN SHORT FUTURES CONTRACTS** | **NET UNREALIZED DEPRECIATION FROM OPEN SHORT FUTURES CONTRACTS** | &nbsp;&nbsp; $(92312) |
|  | **TOTAL NET UNREALIZED APPRECIATION FROM OPEN FUTURES CONTRACTS** | **TOTAL NET UNREALIZED APPRECIATION FROM OPEN FUTURES CONTRACTS** | **TOTAL NET UNREALIZED APPRECIATION FROM OPEN FUTURES CONTRACTS** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$605937 |

---

---

| | |
|:---|:---|
| ETF | - Exchange-Traded Fund |
| <sup>(a)</sup> | Rate disclosed is the seven day effective yield as of June 30, 2025. |
| <sup>(b)</sup> | The amounts shown are the underlying reference notional amounts to stock exchange indices and equities upon which the fair value of the futures contracts held by the Fund are based. Notional values do not represent the current fair value of, and are not necessarily indicative of the future cash flows of the Fund's futures contracts. Further, the underlying price changes in relation to the variables specified by the notional values affects the fair value of these derivative financial instruments. The notional values as set forth within this schedule do not purport to represent economic value at risk to the Fund. |
| <sup>(c)</sup> | All or a portion of this investment is a holding of the GPDA Fund Limited. |

---

## 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

- **b. Investment Company Act file number:** 811-21720

- **c. CIK number of Registrant:** 0001314414

- **d. LEI of Registrant:** 549300BSYF57GRCG4861

- **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:** Grant Park Dynamic Allocation Fund

- **b. EDGAR series identifier (if any):** S000089342

- **c. LEI of Series:** 52990070ONVHZTJ1SM89

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $31147145.38

**Total Liabilities:** $1110128.93

**Net Assets:** $30037016.45

**Amount of Assets Invested in Other Investment Companies:** $1281474.15

**Cash Not Reported:** $4195163.53

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000255863 | 0.30%                | 1.00%                | 3.56%                |
| Class ID C000255862 | 0.20%                | 1.10%                | 3.47%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-27370.30               | $-88499.02                                 |
| Month 2  | $-180350.72              | $325540.99                                 |
| Month 3  | $0.01                    | $70651.73                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CHICAGO MERCANTILE EXCHANGE                                   | 3 MONTH SOFR FUT  Mar27   | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | Long             | DIR              | CORP              | US        |       137 | NC      | $67300.00     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Tax Managed Funds                                    | VANGUARD FTSE ET          | CUSIP: 921943858<br>LEI: 549300PTTIGTMUA02X28 | Long             | EC               | RF                | US        |     41376 | NS      | $2358845.76   | 7.85%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE                                   | SP500 MIC EMIN FUTSep25   | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | Long             | DE               | CORP              | US        |       354 | NC      | $381258.00    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                        | FED FUND 30DAY    Sep25   | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Short            | DIR              | CORP              | US        |      -100 | NC      | $-14626.16    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Actively Managed Exchange-Traded Commodity Fund Trust | INVESCO OPTIMUM YIELD DIV | CUSIP: 46090F100<br>LEI: 549300J84F1VGX03MG06 | Short            | EC               | RF                | US        |    -82618 | NS      | $-1077338.72  | -3.59%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Institutional Liquidity Funds                  | MSILF-GOVT-INS            | CUSIP: 61747C707<br>LEI: 5493000A332Y142SOW84 | Long             | STIV             | RF                | US        |  21725465 | PA      | $21725465.26  | 72.33%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES EUROPE - FINANCIAL PRODUCTS DIVISION              | ICE 3MTH SONIA FU Mar27   | CUSIP: N/A<br>LEI: 549300UF4R84F48NCH34       | Long             | DIR              | CORP              | GB        |       111 | NC      | $51717.08     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE                                   | JPN YEN CURR FUT  Sep25   | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | Short            | DFE              | CORP              | US        |       -12 | NC      | $-7635.00     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S.                                              | MSCI EmgMkt       Sep25   | CUSIP: N/A<br>LEI: 5493004R83R1LVX2IL36       | Long             | DE               | CORP              | US        |        22 | NC      | $29620.00     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Colchester Street Trust                              | FID-MM GOVT-I             | CUSIP: 316175108<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |    300860 | PA      | $300860.22    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES EUROPE                                            | BRENT CRUDE FUTR  Sep25   | CUSIP: N/A<br>LEI: 549300UF4R84F48NCH34       | Long             | DCO              | CORP              | GB        |         2 | NC      | $-10120.00    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| EUREX DEUTSCHLAND                                             | EURO-BOBL FUTURE  Sep25   | CUSIP: N/A<br>LEI: 529900UT4DG0LG5R9O07       | Long             | DIR              | CORP              | DE        |        15 | NC      | $-4760.48     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                        | SOYBEAN MEAL FUTR Dec25   | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Short            | DCO              | CORP              | US        |       -26 | NC      | $19950.00     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                        | US 2YR NOTE (CBT) Sep25   | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DIR              | CORP              | US        |        10 | NC      | $8061.98      | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE                                   | MEXICAN PESO FUT  Sep25   | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | Long             | DFE              | CORP              | US        |        43 | NC      | $15590.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SINGAPORE EXCHANGE DERIVATIVES CLEARING LIMITED               | NIKKEI 225  (SGX) Sep25   | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | SG        |        16 | NC      | $94096.26     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MERCANTILE EXCHANGE                                  | WTI CRUDE FUTURE  Aug25   | CUSIP: N/A<br>LEI: 5493008GFNDTXFPHWI47       | Long             | DCO              | CORP              | US        |         2 | NC      | $-260.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| EUREX DEUTSCHLAND                                             | Euro-OAT Future   Sep25   | CUSIP: N/A<br>LEI: 529900UT4DG0LG5R9O07       | Long             | DIR              | CORP              | DE        |        10 | NC      | $-8056.66     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| EUREX DEUTSCHLAND                                             | Euro-BTP Future   Sep25   | CUSIP: N/A<br>LEI: 529900UT4DG0LG5R9O07       | Long             | DIR              | CORP              | DE        |        11 | NC      | $3145.31      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MERCANTILE EXCHANGE                                  | PALLADIUM FUTURE  Sep25   | CUSIP: N/A<br>LEI: 5493008GFNDTXFPHWI47       | Long             | DCO              | CORP              | US        |         1 | NC      | $11660.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| EUREX DEUTSCHLAND                                             | EURO-BUND FUTURE  Sep25   | CUSIP: N/A<br>LEI: 529900UT4DG0LG5R9O07       | Short            | DIR              | CORP              | DE        |        -4 | NC      | $1569.67      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE                                   | LEAN HOGS FUTURE  Aug25   | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | Long             | DCO              | CORP              | US        |         3 | NC      | $-2790.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S.                                              | COTTON NO.2 FUTR  Dec25   | CUSIP: N/A<br>LEI: 5493004R83R1LVX2IL36       | Short            | DCO              | CORP              | US        |       -30 | NC      | $-8895.00     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| EUREX DEUTSCHLAND                                             | DAX INDEX FUTURE  Sep25   | CUSIP: N/A<br>LEI: 529900UT4DG0LG5R9O07       | Short            | DE               | CORP              | DE        |        -1 | NC      | $-22734.31    | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                           | LME NICKEL FUTURE Sep25   | CUSIP: N/A<br>LEI: N/A                        | Short            | DCO              | CORP              | GB        |        -4 | NC      | $3604.08      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard International Equity Index Funds                     | VANGUARD FTSE EM          | CUSIP: 922042858<br>LEI: 549300UR5XWDVDO7NP96 | Long             | EC               | RF                | US        |     23351 | NS      | $1154940.46   | 3.85%             |  |  |  | No            |                  1 | On Loan: No      |
| EUREX DEUTSCHLAND                                             | EURO-BUND FUTURE  Sep25   | CUSIP: N/A<br>LEI: 529900UT4DG0LG5R9O07       | Long             | DIR              | CORP              | DE        |         3 | NC      | $-3776.02     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                        | SOYBEAN OIL FUTR  Dec25   | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DCO              | CORP              | US        |         4 | NC      | $-4794.00     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| EUREX DEUTSCHLAND                                             | EURO-SCHATZ FUT   Sep25   | CUSIP: N/A<br>LEI: 529900UT4DG0LG5R9O07       | Long             | DIR              | CORP              | DE        |        28 | NC      | $-2056.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                        | CORN FUTURE       Dec25   | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Short            | DCO              | CORP              | US        |       -22 | NC      | $10037.50     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SINGAPORE COMMODITY EXCHANGE                                  | SGX Iron Ore 62%  Aug25   | CUSIP: N/A<br>LEI: N/A                        | Long             | DCO              | CORP              | SG        |         2 | NC      | $-76.00       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE                                   | AUDUSD Crncy Fut  Sep25   | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | Short            | DFE              | CORP              | US        |       -13 | NC      | $-14375.00    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MERCANTILE EXCHANGE                                  | NATURAL GAS FUTR  Aug25   | CUSIP: N/A<br>LEI: 5493008GFNDTXFPHWI47       | Short            | DCO              | CORP              | US        |        -2 | NC      | $7870.00      | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                        | WHEAT FUTURE(CBT) Dec25   | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Short            | DCO              | CORP              | US        |        -5 | NC      | $3150.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S.                                              | SUGAR #11 (WORLD) Oct25   | CUSIP: N/A<br>LEI: 5493004R83R1LVX2IL36       | Short            | DCO              | CORP              | US        |       -28 | NC      | $6104.00      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                        | OAT FUTURE        Dec25   | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DCO              | CORP              | US        |         3 | NC      | $1300.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES EUROPE                                            | Low Su Gasoil G   Aug25   | CUSIP: N/A<br>LEI: 549300UF4R84F48NCH34       | Long             | DCO              | CORP              | GB        |         4 | NC      | $-33100.00    | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES EUROPE - FINANCIAL PRODUCTS DIVISION              | LONG GILT FUTURE  Sep25   | CUSIP: N/A<br>LEI: 549300UF4R84F48NCH34       | Long             | DIR              | CORP              | GB        |         3 | NC      | $-1233.75     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S.                                              | COFFEE 'C' FUTURE Sep25   | CUSIP: N/A<br>LEI: 5493004R83R1LVX2IL36       | Short            | DCO              | CORP              | US        |        -1 | NC      | $7443.75      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| OSAKA EXCHANGE                                                | JPN 10Y BOND(OSE) Sep25   | CUSIP: N/A<br>LEI: N/A                        | Long             | DIR              | CORP              | JP        |         1 | NC      | $4014.27      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE                                   | NEW ZEALAND $ FUT Sep25   | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | Short            | DFE              | CORP              | US        |        -8 | NC      | $-5600.00     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MERCANTILE EXCHANGE                                  | PLATINUM FUTURE   Oct25   | CUSIP: N/A<br>LEI: 5493008GFNDTXFPHWI47       | Long             | DCO              | CORP              | US        |         5 | NC      | $12100.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MERCANTILE EXCHANGE                                  | NY Harb ULSD Fut  Aug25   | CUSIP: N/A<br>LEI: 5493008GFNDTXFPHWI47       | Long             | DCO              | CORP              | US        |         1 | NC      | $-2633.40     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE                                   | C$ CURRENCY FUT   Sep25   | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | Long             | DFE              | CORP              | US        |         8 | NC      | $2265.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                        | US 5YR NOTE (CBT) Sep25   | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Short            | DIR              | CORP              | US        |        -1 | NC      | $-1046.90     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                           | LME PRI ALUM FUTR Sep25   | CUSIP: N/A<br>LEI: N/A                        | Long             | DCO              | CORP              | N/A       |        11 | NC      | $-8332.50     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                           | LME ZINC FUTURE   Sep25   | CUSIP: N/A<br>LEI: N/A                        | Short            | DCO              | CORP              | GB        |        -4 | NC      | $32.00        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S.                                              | COCOA FUTURE      Sep25   | CUSIP: N/A<br>LEI: 5493004R83R1LVX2IL36       | Long             | DCO              | CORP              | US        |         1 | NC      | $-4050.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                        | US LONG BOND(CBT) Sep25   | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Short            | DIR              | CORP              | US        |       -18 | NC      | $-59937.30    | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                        | US 10YR NOTE (CBT)Sep25   | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DIR              | CORP              | US        |        11 | NC      | $17046.70     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMODITIES EXCHANGE CENTER                                   | GOLD 100 OZ FUTR  Aug25   | CUSIP: N/A<br>LEI: N/A                        | Long             | DCO              | CORP              | US        |         7 | NC      | $-11340.00    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MERCANTILE EXCHANGE                                  | GASOLINE RBOB FUT Aug25   | CUSIP: N/A<br>LEI: 5493008GFNDTXFPHWI47       | Long             | DCO              | CORP              | US        |         2 | NC      | $-10810.80    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                        | US 10YR NOTE (CBT)Sep25   | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Short            | DIR              | CORP              | US        |        -3 | NC      | $-5015.70     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE                                   | NASDAQ 100 E-MINI Sep25   | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | Long             | DE               | CORP              | US        |         1 | NC      | $19830.00     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES EUROPE - FINANCIAL PRODUCTS DIVISION              | 3MO EURO EURIBOR  Mar27   | CUSIP: N/A<br>LEI: 549300UF4R84F48NCH34       | Long             | DIR              | CORP              | GB        |       116 | NC      | $-13709.63    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S.                                              | DOLLAR INDEX      Sep25   | CUSIP: N/A<br>LEI: 5493004R83R1LVX2IL36       | Short            | DFE              | CORP              | US        |        -7 | NC      | $15606.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE                                   | S&P500 EMINI FUT  Sep25   | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | Long             | DE               | CORP              | US        |         5 | NC      | $47040.00     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE                                   | CATTLE FEEDER FUT Aug25   | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | Long             | DCO              | CORP              | US        |         2 | NC      | $17262.50     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S.                                              | CANOLA FUTR (WCE) Nov25   | CUSIP: N/A<br>LEI: 5493004R83R1LVX2IL36       | Long             | DCO              | CORP              | US        |         7 | NC      | $843.62       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES EUROPE - FINANCIAL PRODUCTS DIVISION              | FTSE 100 IDX FUT  Sep25   | CUSIP: N/A<br>LEI: 549300UF4R84F48NCH34       | Long             | DE               | CORP              | GB        |        12 | NC      | $-15916.73    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE                                   | EURO FX CURR FUT  Sep25   | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | Long             | DFE              | CORP              | US        |         4 | NC      | $17950.00     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE                                   | S&P MID 400 EMINI Sep25   | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | Long             | DE               | CORP              | US        |         3 | NC      | $14245.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| HONG KONG FUTURES EXCHANGE LTD.                               | HANG SENG IDX FUT Jul25   | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | HK        |         7 | NC      | $-3656.17     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Index Funds                                          | VANGUARD REAL ES          | CUSIP: 922908553<br>LEI: N/A                  | Long             | EC               | RF                | US        |      6693 | NS      | $596078.58    | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMODITIES EXCHANGE CENTER                                   | SILVER FUTURE     Sep25   | CUSIP: N/A<br>LEI: N/A                        | Long             | DCO              | CORP              | US        |         1 | NC      | $-430.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE                                   | LIVE CATTLE FUTR  Aug25   | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | Long             | DCO              | CORP              | US        |         3 | NC      | $5010.00      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMODITIES EXCHANGE CENTER                                   | COPPER FUTURE     Sep25   | CUSIP: N/A<br>LEI: N/A                        | Long             | DCO              | CORP              | US        |         1 | NC      | $5725.00      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE                                   | BP CURRENCY FUT   Sep25   | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | Long             | DFE              | CORP              | US        |        24 | NC      | $30746.88     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                        | US LONG BOND(CBT) Sep25   | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DIR              | CORP              | US        |         9 | NC      | $21531.15     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                           | LME COPPER FUTURE Sep25   | CUSIP: N/A<br>LEI: N/A                        | Long             | DCO              | CORP              | N/A       |         1 | NC      | $4554.49      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                        | US 5YR NOTE (CBT) Sep25   | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DIR              | CORP              | US        |        19 | NC      | $15906.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                        | SOYBEAN FUTURE    Nov25   | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Short            | DCO              | CORP              | US        |        -4 | NC      | $4875.00      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMODITIES EXCHANGE CENTER                                   | MICRO GOLD        Aug25   | CUSIP: N/A<br>LEI: N/A                        | Long             | DCO              | CORP              | US        |       129 | NC      | $-15072.00    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-28

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

**Signature:** James Colantino

**Name of Signer:** James Colantino

**Title:** Treasurer