# EDGAR Filing Document

**Accession Number:** 0001314414
**File Stem:** 0000910472-26-009077
**Filing Date:** 2026-6
**Character Count:** 55310
**Document Hash:** 63bfeb91f815b1f951be4f3bf4f66ca0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-009077.hdr.sgml**: 20260616

**ACCESSION NUMBER**: 0000910472-26-009077

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260616

**DATE AS OF CHANGE**: 20260616

**PERIOD START**: 20261031

**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:** 261093090

**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

### Navigator Tactical Fixed Income Fund (Series ID: S000044265)

| Class ID   | Class Name                                          | Ticker Symbol   |
|:---|:---|:---|
| C000137888 | Navigator Tactical Fixed Income Fund Class A Shares | NTBAX           |
| C000137889 | Navigator Tactical Fixed Income Fund Class C Shares | NTBCX           |
| C000137890 | Navigator Tactical Fixed Income Fund Class I Shares | NTBIX           |

## 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:** Navigator Tactical Fixed Income Fund

- **b. EDGAR series identifier (if any):** S000044265

- **c. LEI of Series:** 549300MPDMHX5QXP4F47

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-04-30

**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:** $7342232843.55

**Total Liabilities:** $161297634.61

**Net Assets:** $7180935208.94

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 159272.25330200 | **1-Year:** 64817.83481500 | **5-Year:** 2275.25805500 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 0.00000000 | **1-Year:** 48982.52038800 | **5-Year:** 966581.51093500 | **10-Year:** 17679.71480600 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000137888 | 0.00%                | -1.18%               | 1.78%                |
| Class ID C000137890 | 0.00%                | -1.11%               | 1.78%                |
| Class ID C000137889 | 0.00%                | -1.27%               | 1.79%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $890369.90                                 |
| Month 2  | $-707000.77              | $-24934141.25                              |
| Month 3  | $755782.74               | $14050354.53                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| WEYERHAEUSER COMPANY                                             | WY 4 3/4 05/15/26         | CUSIP: 962166CC6<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | DBT              | CORP              | US        |    16744000 | PA      | $16745555.35  | 0.23%             | 2026-05-15      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| MPLX LP                                                          | MPLX 4 1/8 03/01/27       | CUSIP: 55336VAK6<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    11800000 | PA      | $11785619.22  | 0.16%             | 2027-03-01      | Fixed         | 4.12%                 | No            | 2                  | On Loan: No      |
| ENERGY TRANSFER LP                                               | ETP 3.9 07/15/26          | CUSIP: 86765BAT6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    10000000 | PA      | $9995790.20   | 0.14%             | 2026-07-15      | Fixed         | 3.90%                 | No            | 2                  | On Loan: No      |
| JOHN DEERE CAPITAL CORP                                          | DE Float 01/07/28         | CUSIP: 24422EYH6<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    40000000 | PA      | $40015161.60  | 0.56%             | 2028-01-07      | Floating      | 4.05%                 | No            | 2                  | On Loan: No      |
| BMW US CAPITAL LLC                                               | BMW Float 03/19/27        | CUSIP: 05565ECV5<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |    34803000 | PA      | $34902376.49  | 0.49%             | 2027-03-19      | Floating      | 4.43%                 | Yes           | 2                  | On Loan: No      |
| WELLS FARGO & COMPANY                                            | WFC 4.9 01/24/28          | CUSIP: 95000U3R2<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    52674000 | PA      | $52864327.49  | 0.74%             | 2028-01-24      | Fixed         | 4.90%                 | No            | 2                  | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                         | TOYOTA Float 01/12/28     | CUSIP: 89236TPG4<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    21000000 | PA      | $21005615.61  | 0.29%             | 2028-01-12      | Floating      | 4.10%                 | No            | 2                  | On Loan: No      |
| MERCURY GENERAL CORP                                             | MCY 4.4 03/15/27          | CUSIP: 589400AB6<br>LEI: 5493001Q9EXPCEL4W527 | Long             | DBT              | CORP              | US        |    12090000 | PA      | $12048735.74  | 0.17%             | 2027-03-15      | Fixed         | 4.40%                 | No            | 2                  | On Loan: No      |
| CARDINAL HEALTH INC                                              | CAH 4.7 11/15/26          | CUSIP: 14149YBQ0<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | DBT              | CORP              | US        |    65421000 | PA      | $65591088.71  | 0.91%             | 2026-11-15      | Fixed         | 4.70%                 | No            | 2                  | On Loan: No      |
| CITIBANK NA                                                      | C Float 05/29/27          | CUSIP: 17325FBQ0<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |    58000000 | PA      | $58267271.54  | 0.81%             | 2027-05-29      | Floating      | 4.44%                 | No            | 2                  | On Loan: No      |
| RPM INTERNATIONAL INC                                            | RPM 3 3/4 03/15/27        | CUSIP: 749685AV5<br>LEI: 549300TJCKW4BRXPJ474 | Long             | DBT              | CORP              | US        |    10965000 | PA      | $10903191.50  | 0.15%             | 2027-03-15      | Fixed         | 3.75%                 | No            | 2                  | On Loan: No      |
| CATERPILLAR FINANCIAL SERVICES CORP                              | CAT Float 01/07/27        | CUSIP: 14913UAW0<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |    40000000 | PA      | $39958518.00  | 0.56%             | 2027-01-07      | Floating      | 4.02%                 | No            | 2                  | On Loan: No      |
| ISHARES TRUST                                                    | ISHARES IBOXX HI          | CUSIP: 464288513<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     8000000 | NS      | $643040000.00 | 8.95%             |  |  |  | No            | 1                  | On Loan: —       |
| CITIBANK NA                                                      | C Float 08/06/26          | CUSIP: 17325FBH0<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |    40000000 | PA      | $40019293.60  | 0.56%             | 2026-08-06      | Floating      | 4.37%                 | No            | 2                  | On Loan: No      |
| SKYWORKS SOLUTIONS INC                                           | SWKS 1.8 06/01/26         | CUSIP: 83088MAK8<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | DBT              | CORP              | US        |    22103000 | PA      | $22006337.83  | 0.31%             | 2026-06-01      | Fixed         | 1.80%                 | No            | 2                  | On Loan: No      |
| T-MOBILE USA INC                                                 | TMUS 3 3/4 04/15/27       | CUSIP: 87264ABD6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     5453000 | PA      | $5432275.66   | 0.08%             | 2027-04-15      | Fixed         | 3.75%                 | No            | 2                  | On Loan: No      |
| EQUINIX INC                                                      | EQIX 1.45 05/15/26        | CUSIP: 29444UBQ8<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              | CORP              | US        |    50075000 | PA      | $50019139.33  | 0.70%             | 2026-05-15      | Fixed         | 1.45%                 | No            | 2                  | On Loan: No      |
| TYSON FOODS INC                                                  | TSN 3.55 06/02/27         | CUSIP: 902494BC6<br>LEI: WD6L6041MNRW1JE49D58 | Long             | DBT              | CORP              | US        |    27214000 | PA      | $26987716.95  | 0.38%             | 2027-06-02      | Fixed         | 3.55%                 | No            | 2                  | On Loan: No      |
| CHEVRON USA INC                                                  | CVX Float 02/26/27        | CUSIP: 166756BA3<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |    34750000 | PA      | $34776750.20  | 0.48%             | 2027-02-26      | Floating      | 4.02%                 | No            | 2                  | On Loan: No      |
| AMERICAN HONDA FINANCE CORP                                      | HNDA Float 07/09/27       | CUSIP: 02665WGE5<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    23000000 | PA      | $23055562.25  | 0.32%             | 2027-07-09      | Floating      | 4.51%                 | No            | 2                  | On Loan: No      |
| WORKDAY INC                                                      | WDAY 3 1/2 04/01/27       | CUSIP: 98138HAG6<br>LEI: 549300J0DYC0N31V7G13 | Long             | DBT              | CORP              | US        |    55562000 | PA      | $55189077.30  | 0.77%             | 2027-04-01      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| HCA INC                                                          | HCA 5 1/4 06/15/26        | CUSIP: 404119BT5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    36956000 | PA      | $36986376.72  | 0.52%             | 2026-06-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| AMERICAN HONDA FINANCE CORP                                      | HNDA Float 08/13/27       | CUSIP: 02665WGH8<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    47500000 | PA      | $47531566.60  | 0.66%             | 2027-08-13      | Floating      | 4.40%                 | No            | 2                  | On Loan: No      |
| BANK OF AMERICA CORP                                             | BAC 4.376 04/27/28        | CUSIP: 06051GKP3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    62349000 | PA      | $62338169.98  | 0.87%             | 2028-04-27      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| ENERGY TRANSFER LP                                               | ET 6.05 12/01/26          | CUSIP: 29273VAR1<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    78000000 | PA      | $78748282.86  | 1.10%             | 2026-12-01      | Fixed         | 6.05%                 | No            | 2                  | On Loan: No      |
| INTERNATIONAL BUSINESS MACHINES CORP                             | IBM 3.3 05/15/26          | CUSIP: 459200JZ5<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |   100000000 | PA      | $99971554.00  | 1.39%             | 2026-05-15      | Fixed         | 3.30%                 | No            | 2                  | On Loan: No      |
| TAKE-TWO INTERACTIVE SOFTWARE INC                                | TTWO 3.7 04/14/27         | CUSIP: 874054AG4<br>LEI: BOMSTHHJK882EWYX3334 | Long             | DBT              | CORP              | US        |    32681000 | PA      | $32539935.73  | 0.45%             | 2027-04-14      | Fixed         | 3.70%                 | No            | 2                  | On Loan: No      |
| ORACLE CORP                                                      | ORCL 2.65 07/15/26        | CUSIP: 68389XBM6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    57225000 | PA      | $57020080.71  | 0.79%             | 2026-07-15      | Fixed         | 2.65%                 | No            | 2                  | On Loan: No      |
| PNC BANK NA                                                      | PNC 4.543 05/13/27        | CUSIP: 69353RFY9<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |    27717000 | PA      | $27718924.11  | 0.39%             | 2027-05-13      | Fixed         | 4.54%                 | No            | 2                  | On Loan: No      |
| MORGAN STANLEY                                                   | MS 5.652 04/13/28         | CUSIP: 61747YFP5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    28969000 | PA      | $29296793.22  | 0.41%             | 2028-04-13      | Fixed         | 5.65%                 | No            | 2                  | On Loan: No      |
| VOLKSWAGEN GROUP OF AMERICA FINANCE LLC                          | VW Float 03/25/27         | CUSIP: 928668CT7<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    30000000 | PA      | $30111219.30  | 0.42%             | 2027-03-25      | Floating      | 4.71%                 | Yes           | 2                  | On Loan: No      |
| TR FINANCE LLC                                                   | TRICN 3.35 05/15/26       | CUSIP: 87268LAA5<br>LEI: 254900OWSTRTOV8P5W25 | Long             | DBT              | CORP              | US        |    20438000 | PA      | $20428438.49  | 0.28%             | 2026-05-15      | Fixed         | 3.35%                 | No            | 2                  | On Loan: No      |
| KRAFT HEINZ FOODS COMPANY                                        | KHC 3 06/01/26            | CUSIP: 50077LAD8<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |    63774000 | PA      | $63700295.11  | 0.89%             | 2026-06-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| NORTHERN LIGHTS FUND TRUST                                       | NAV-U/S BND-I             | CUSIP: 66538J522<br>LEI: 549300BSYF57GRCG4861 | Long             | EC               | RF                | US        |     5660918 | NS      | $57175271.66  | 0.80%             |  |  |  | No            | 1                  | On Loan: No      |
| LOWE'S COMPANIES INC                                             | LOW 3.1 05/03/27          | CUSIP: 548661DP9<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    11437000 | PA      | $11332080.28  | 0.16%             | 2027-05-03      | Fixed         | 3.10%                 | No            | 2                  | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT             | B 07/30/26                | CUSIP: 912797TQ0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   150000000 | PA      | $148655625.00 | 2.07%             | 2026-07-30      | Fixed         | 0.00%                 | No            | 2                  | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT             | T 4 1/8 10/31/29          | CUSIP: 91282CLR0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   300000000 | PA      | $301705077.00 | 4.20%             | 2029-10-31      | Fixed         | 4.12%                 | No            | 2                  | On Loan: No      |
| ROYAL BANK OF CANADA                                             | RY Float 07/23/27         | CUSIP: 78016HZY9<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    50000000 | PA      | $50049673.00  | 0.70%             | 2027-07-23      | Floating      | 4.44%                 | No            | 2                  | On Loan: No      |
| CDX.NA.HY SERIES 46                                              | CDXHY46MS                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DCR              | CORP              | N/A       |   -71500000 | PA      | $5084865.50   | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT             | B 06/25/26                | CUSIP: 912797TE7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   125000000 | PA      | $124308251.25 | 1.73%             | 2026-06-25      | Fixed         | 0.00%                 | No            | 2                  | On Loan: No      |
| HEWLETT PACKARD ENTERPRISE COMPANY                               | HPE Float 03/23/28        | CUSIP: 42824CCF4<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    23000000 | PA      | $23070572.05  | 0.32%             | 2028-03-23      | Floating      | 4.63%                 | No            | 2                  | On Loan: No      |
| CEQUEL COMMUNICATIONS HOLDINGS I LLC                             | CEQUEL 7 1/2 04/01/28     | CUSIP: 15672WAJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     1200000 | PA      | $636396.00    | 0.01%             | 2028-04-01      | Fixed         | 7.50%                 | Yes           | 2                  | On Loan: No      |
| JP MORGAN CHASE & COMPANY                                        | JPM 4.979 07/22/28        | CUSIP: 46647PEL6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    20000000 | PA      | $20137690.40  | 0.28%             | 2028-07-22      | Fixed         | 4.98%                 | No            | 2                  | On Loan: No      |
| AMERICAN HONDA FINANCE CORP                                      | HNDA Float 11/19/27       | CUSIP: 02665WGP0<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    25000000 | PA      | $24956007.00  | 0.35%             | 2027-11-19      | Floating      | 4.31%                 | No            | 2                  | On Loan: No      |
| DARDEN RESTAURANTS INC                                           | DRI 3.85 05/01/27         | CUSIP: 237194AL9<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | DBT              | CORP              | US        |     7751000 | PA      | $7710748.51   | 0.11%             | 2027-05-01      | Fixed         | 3.85%                 | No            | 2                  | On Loan: No      |
| MERCK & COMPANY INC                                              | MRK Float 09/15/27        | CUSIP: 58933YBU8<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |    28000000 | PA      | $28070527.80  | 0.39%             | 2027-09-15      | Floating      | 4.11%                 | No            | 2                  | On Loan: No      |
| CROWN CASTLE INC                                                 | CCI 3.7 06/15/26          | CUSIP: 22822VAC5<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    50012000 | PA      | $49973370.73  | 0.70%             | 2026-06-15      | Fixed         | 3.70%                 | No            | 2                  | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT             | B 07/09/26                | CUSIP: 912797RF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   125000000 | PA      | $124136901.25 | 1.73%             | 2026-07-09      | Fixed         | 0.00%                 | No            | 2                  | On Loan: No      |
| EBAY INC                                                         | EBAY 1.4 05/10/26         | CUSIP: 278642AX1<br>LEI: OML71K8X303XQONU6T67 | Long             | DBT              | CORP              | US        |    15997000 | PA      | $15983991.88  | 0.22%             | 2026-05-10      | Fixed         | 1.40%                 | No            | 2                  | On Loan: No      |
| NATIONAL FUEL GAS COMPANY                                        | NFG 5 1/2 10/01/26        | CUSIP: 636180BS9<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | DBT              | CORP              | US        |     4000000 | PA      | $4018109.56   | 0.06%             | 2026-10-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| ENTERGY CORP                                                     | ETR 2.95 09/01/26         | CUSIP: 29364GAJ2<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |    38450000 | PA      | $38299593.60  | 0.53%             | 2026-09-01      | Fixed         | 2.95%                 | No            | 2                  | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT             | B 07/16/26                | CUSIP: 912797TN7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   150000000 | PA      | $148866333.00 | 2.07%             | 2026-07-16      | Fixed         | 0.00%                 | No            | 2                  | On Loan: No      |
| AMERICAN EXPRESS COMPANY                                         | AXP 5.389 07/28/27        | CUSIP: 025816DG1<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    27420000 | PA      | $27490090.18  | 0.38%             | 2027-07-28      | Fixed         | 5.39%                 | No            | 2                  | On Loan: No      |
| DREYFUS TREASURY OBLIGATIONS CASH MANAGEMENT                     | DREY-T O C/M-INS          | CUSIP: 261908107<br>LEI: 549300MKKM9KT7BF6329 | Long             | STIV             | RF                | US        |   527756247 | PA      | $527756247.15 | 7.35%             |  |  |  | No            | 1                  | On Loan: No      |
| O'REILLY AUTOMOTIVE INC                                          | ORLY 5 3/4 11/20/26       | CUSIP: 67103HAM9<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |     9106000 | PA      | $9176293.13   | 0.13%             | 2026-11-20      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| MONDELEZ INTERNATIONAL INC                                       | MDLZ 2 5/8 03/17/27       | CUSIP: 609207BA2<br>LEI: 549300DV9GIB88LZ5P30 | Long             | DBT              | CORP              | US        |     3248000 | PA      | $3206642.08   | 0.04%             | 2027-03-17      | Fixed         | 2.62%                 | No            | 2                  | On Loan: No      |
| PNC FINANCIAL SERVICES GROUP INC (THE)                           | PNC 5.102 07/23/27        | CUSIP: 693475BY0<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |     7405000 | PA      | $7416112.83   | 0.10%             | 2027-07-23      | Fixed         | 5.10%                 | No            | 2                  | On Loan: No      |
| AUTOZONE INC                                                     | AZO 5.05 07/15/26         | CUSIP: 053332BE1<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |    30721000 | PA      | $30771935.11  | 0.43%             | 2026-07-15      | Fixed         | 5.05%                 | No            | 2                  | On Loan: No      |
| AMPHENOL CORP                                                    | APH Float 11/15/27        | CUSIP: 032095AV3<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |    50000000 | PA      | $49956104.50  | 0.70%             | 2027-11-15      | Floating      | 4.20%                 | No            | 2                  | On Loan: No      |
| HCA INC                                                          | HCA 3 1/8 03/15/27        | CUSIP: 404119CH0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    12720000 | PA      | $12602287.72  | 0.18%             | 2027-03-15      | Fixed         | 3.12%                 | No            | 2                  | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT             | B 05/07/26                | CUSIP: 912797SP3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   150000000 | PA      | $149910639.00 | 2.09%             | 2026-05-07      | Fixed         | 0.00%                 | No            | 2                  | On Loan: No      |
| BROWN & BROWN INC                                                | BRO 4.6 12/23/26          | CUSIP: 115236AH4<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |    20000000 | PA      | $20043570.80  | 0.28%             | 2026-12-23      | Fixed         | 4.60%                 | No            | 2                  | On Loan: No      |
| CDX.NA.HY SERIES 46                                              | CDX.NA.HY SERIES 46 12/30 | CUSIP: N/A<br>LEI: N/A                        | Long             | DCR              | CORP              | N/A       | -1354000000 | PA      | $96292418.00  | 1.34%             |  |  |  | No            | 2                  | On Loan: No      |
| MORGAN STANLEY                                                   | MS 1.512 07/20/27         | CUSIP: 61747YEC5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    77975000 | PA      | $77505016.60  | 1.08%             | 2027-07-20      | Fixed         | 1.51%                 | No            | 2                  | On Loan: No      |
| AMAZON.COM INC                                                   | AMZN Float 03/13/28       | CUSIP: 023135CZ7<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    98500000 | PA      | $98635214.89  | 1.37%             | 2028-03-13      | Floating      | 4.09%                 | No            | 2                  | On Loan: No      |
| ENBRIDGE INC                                                     | ENBCN 5.9 11/15/26        | CUSIP: 29250NBW4<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |     5498000 | PA      | $5543413.48   | 0.08%             | 2026-11-15      | Fixed         | 5.90%                 | No            | 2                  | On Loan: No      |
| CANADIAN IMPERIAL BANK OF COMMERCE                               | CM Float 09/11/27         | CUSIP: 13607PHU1<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |    25000000 | PA      | $25039373.25  | 0.35%             | 2027-09-11      | Floating      | 4.58%                 | No            | 2                  | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT             | B 06/11/26                | CUSIP: 912797QX8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   150000000 | PA      | $149385853.50 | 2.08%             | 2026-06-11      | Fixed         | 0.00%                 | No            | 2                  | On Loan: No      |
| Chicago Board of Trade                                           | US 5YR NOTE (CBT) Jun26   | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DIR              | CORP              | US        |       19750 | NC      | $-34812452.50 | -0.48%            |  |  |  | No            | 1                  | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT             | B 07/23/26                | CUSIP: 912797TP2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   150000000 | PA      | $148758459.00 | 2.07%             | 2026-07-23      | Fixed         | 0.00%                 | No            | 2                  | On Loan: No      |
| COMMONWEALTH BANK OF AUSTRALIA                                   | CBAAU Float 11/27/26      | CUSIP: 2027A0KV0<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |    20000000 | PA      | $20016513.40  | 0.28%             | 2026-11-27      | Floating      | 4.12%                 | Yes           | 2                  | On Loan: No      |
| CARDINAL HEALTH INC                                              | CAH 3.41 06/15/27         | CUSIP: 14149YBJ6<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | DBT              | CORP              | US        |    18085000 | PA      | $17902247.64  | 0.25%             | 2027-06-15      | Fixed         | 3.41%                 | No            | 2                  | On Loan: No      |
| MERCEDES-BENZ FINANCE NORTH AMERICA LLC                          | MBGGR Float 03/10/28      | CUSIP: 58769JBK2<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |    18000000 | PA      | $18007506.54  | 0.25%             | 2028-03-10      | Floating      | 4.36%                 | Yes           | 2                  | On Loan: No      |
| KEURIG DR PEPPER INC                                             | KDP Float 11/15/26        | CUSIP: 49271VAY6<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    57500000 | PA      | $57547767.55  | 0.80%             | 2026-11-15      | Floating      | 4.25%                 | No            | 2                  | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT             | B 07/02/26                | CUSIP: 912797TF4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   125000000 | PA      | $124223923.75 | 1.73%             | 2026-07-02      | Fixed         | 0.00%                 | No            | 2                  | On Loan: No      |
| ABBVIE INC                                                       | ABBV Float 03/03/28       | CUSIP: 00287YEC9<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    34500000 | PA      | $34550740.19  | 0.48%             | 2028-03-03      | Floating      | 4.14%                 | No            | 2                  | On Loan: No      |
| XYLEM INC                                                        | XYL 3 1/4 11/01/26        | CUSIP: 98419MAJ9<br>LEI: 549300DF5MV96DRYLQ48 | Long             | DBT              | CORP              | US        |     5509000 | PA      | $5484814.39   | 0.08%             | 2026-11-01      | Fixed         | 3.25%                 | No            | 2                  | On Loan: No      |
| JEFFERIES FINANCIAL GROUP INC                                    | JEF 4.3 02/11/27          | CUSIP: 47233WLT4<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |    20000000 | PA      | $20007304.00  | 0.28%             | 2027-02-11      | Fixed         | 4.30%                 | No            | 2                  | On Loan: No      |
| ALTRIA GROUP INC                                                 | MO 2 5/8 09/16/26         | CUSIP: 02209SAU7<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    52968000 | PA      | $52709520.40  | 0.73%             | 2026-09-16      | Fixed         | 2.62%                 | No            | 2                  | On Loan: No      |
| CHEVRON USA INC                                                  | CVX Float 02/26/28        | CUSIP: 166756BC9<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |    13567000 | PA      | $13597002.34  | 0.19%             | 2028-02-26      | Floating      | 4.13%                 | No            | 2                  | On Loan: No      |
| JP MORGAN CHASE & COMPANY                                        | JPM 3.54 05/01/28         | CUSIP: 46647PAF3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    10000000 | PA      | $9917793.10   | 0.14%             | 2028-05-01      | Fixed         | 3.54%                 | No            | 2                  | On Loan: No      |
| BANK OF AMERICA CORP                                             | BAC 1.734 07/22/27        | CUSIP: 06051GJS9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   100000000 | PA      | $99414756.00  | 1.38%             | 2027-07-22      | Fixed         | 1.73%                 | No            | 2                  | On Loan: No      |
| FORD MOTOR CO                                                    | F 4.346 12/08/26          | CUSIP: 345370CR9<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |    28968000 | PA      | $28905262.84  | 0.40%             | 2026-12-08      | Fixed         | 4.35%                 | No            | 2                  | On Loan: No      |
| COOPERATIEVE RABOBANK UA NEW YORK BRANCH                         | RABOBK Float 08/28/26     | CUSIP: 21688ABG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    38000000 | PA      | $38047561.94  | 0.53%             | 2026-08-28      | Floating      | 4.28%                 | No            | 2                  | On Loan: No      |
| MORGAN STANLEY INSTITUTIONAL LIQUIDITY FUNDS - GOVERNMENT PORTFO | MS INST LIQ GOVT CL INST  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |           0 | NS      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT             | B 05/14/26                | CUSIP: 912797QN0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   150000000 | PA      | $149806173.00 | 2.09%             | 2026-05-14      | Fixed         | 0.00%                 | No            | 2                  | On Loan: No      |
| CDX.NA.HY SERIES 44                                              | CDX.NA.HY SERIES 44 6/30  | CUSIP: N/A<br>LEI: N/A                        | Long             | DCR              | CORP              | N/A       |  -278190000 | PA      | $21139658.10  | 0.29%             |  |  |  | No            | 2                  | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE                                      | S&P500 EMINI FUT  Jun26   | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | Long             | DE               | CORP              | US        |        1100 | NC      | $26490750.00  | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| JP MORGAN CHASE & COMPANY                                        | JPM 2.182 06/01/28        | CUSIP: 46647PBR6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    18000000 | PA      | $17582163.84  | 0.24%             | 2028-06-01      | Fixed         | 2.18%                 | No            | 2                  | On Loan: No      |
| CVS HEALTH CORP                                                  | CVS 3 08/15/26            | CUSIP: 126650DF4<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     5227000 | PA      | $5207708.40   | 0.07%             | 2026-08-15      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| CVS HEALTH CORP                                                  | CVS 2 7/8 06/01/26        | CUSIP: 126650CU2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    73051000 | PA      | $72958738.05  | 1.02%             | 2026-06-01      | Fixed         | 2.88%                 | No            | 2                  | On Loan: No      |
| BMW US CAPITAL LLC                                               | BMW Float 03/17/28        | CUSIP: 05565EDL6<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |    20000000 | PA      | $20040210.40  | 0.28%             | 2028-03-17      | Floating      | 4.44%                 | Yes           | 2                  | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT             | T 3 1/2 09/30/29          | CUSIP: 91282CLN9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   150000000 | PA      | $147908203.50 | 2.06%             | 2029-09-30      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| CDX.NA.HY SERIES 45                                              | CDX.NA.HY SERIES 45 12/30 | CUSIP: N/A<br>LEI: N/A                        | Long             | DCR              | CORP              | N/A       |  -716958000 | PA      | $52182354.11  | 0.73%             |  |  |  | No            | 2                  | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT             | B 05/28/26                | CUSIP: 912797SW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   150000000 | PA      | $149598937.50 | 2.08%             | 2026-05-28      | Fixed         | 0.00%                 | No            | 2                  | On Loan: No      |
| FORTIVE CORP                                                     | FTV 3.15 06/15/26         | CUSIP: 34959JAG3<br>LEI: 549300MU9YQJYHDQEF63 | Long             | DBT              | CORP              | US        |    10000000 | PA      | $9983827.00   | 0.14%             | 2026-06-15      | Fixed         | 3.15%                 | No            | 2                  | On Loan: No      |
| CHARLES SCHWAB CORP (THE)                                        | SCHW FLOAT 05/13/26       | CUSIP: 808513BQ7<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    16716000 | PA      | $16717634.49  | 0.23%             | 2026-05-13      | Floating      | 4.19%                 | No            | 2                  | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT             | B 06/04/26                | CUSIP: 912797SX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   150000000 | PA      | $149491062.00 | 2.08%             | 2026-06-04      | Fixed         | 0.00%                 | No            | 2                  | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                    | F Float 11/05/26          | CUSIP: 345397F99<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    39000000 | PA      | $39048609.21  | 0.54%             | 2026-11-05      | Floating      | 5.12%                 | No            | 2                  | On Loan: No      |
| VERALTO CORP                                                     | VLTO 5 1/2 09/18/26       | CUSIP: 92338CAB9<br>LEI: 635400FJE6GSOJUSNY27 | Long             | DBT              | CORP              | US        |    35516000 | PA      | $35633443.95  | 0.50%             | 2026-09-18      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| MERCEDES-BENZ FINANCE NORTH AMERICA LLC                          | MBGGR Float 04/01/27      | CUSIP: 58769JBD8<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |    38000000 | PA      | $38095655.88  | 0.53%             | 2027-04-01      | Floating      | 4.43%                 | Yes           | 2                  | On Loan: No      |
| RTX CORP                                                         | RTX 5 3/4 11/08/26        | CUSIP: 75513ECT6<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    15900000 | PA      | $16018099.16  | 0.22%             | 2026-11-08      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP                | NRUC Float 08/09/27       | CUSIP: 63743HGD8<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |    28000000 | PA      | $28011976.72  | 0.39%             | 2027-08-09      | Floating      | 4.10%                 | No            | 2                  | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                          | HYNMTR Float 03/25/27     | CUSIP: 44891ADS3<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    42000000 | PA      | $42136444.98  | 0.59%             | 2027-03-25      | Floating      | 4.64%                 | Yes           | 2                  | On Loan: No      |
| PFIZER INC                                                       | PFE Float 11/15/27        | CUSIP: 717081FC2<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    29000000 | PA      | $29083995.60  | 0.41%             | 2027-11-15      | Floating      | 4.17%                 | No            | 2                  | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT             | B 06/18/26                | CUSIP: 912797TD9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   125000000 | PA      | $124400000.00 | 1.73%             | 2026-06-18      | Fixed         | 0.00%                 | No            | 2                  | On Loan: No      |
| ENBRIDGE INC                                                     | ENBCN 1.6 10/04/26        | CUSIP: 29250NBH7<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |     3838000 | PA      | $3798405.43   | 0.05%             | 2026-10-04      | Fixed         | 1.60%                 | No            | 2                  | On Loan: No      |
| NORTHERN LIGHTS FUND TRUST                                       | NAV-US ALL-I              | CUSIP: 66538J415<br>LEI: 549300BSYF57GRCG4861 | Long             | EC               | RF                | US        |     7020173 | NS      | $74343629.36  | 1.04%             |  |  |  | No            | 1                  | On Loan: No      |
| TD SYNNEX CORP                                                   | SNX 1 3/4 08/09/26        | CUSIP: 87162WAF7<br>LEI: 5493004HI6PFLF46NS53 | Long             | DBT              | CORP              | US        |    49555000 | PA      | $49187127.47  | 0.68%             | 2026-08-09      | Fixed         | 1.75%                 | No            | 2                  | On Loan: No      |
| MARRIOTT INTERNATIONAL INC                                       | MAR 5.45 09/15/26         | CUSIP: 571903BM4<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    26264000 | PA      | $26350300.09  | 0.37%             | 2026-09-15      | Fixed         | 5.45%                 | No            | 2                  | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                         | TOYOTA Float 06/09/27     | CUSIP: 89236TPE9<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    50000000 | PA      | $50057367.50  | 0.70%             | 2027-06-09      | Floating      | 4.07%                 | No            | 2                  | On Loan: No      |
| ONEOK INC                                                        | OKE 5.55 11/01/26         | CUSIP: 682680BH5<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    26162000 | PA      | $26296902.52  | 0.37%             | 2026-11-01      | Fixed         | 5.55%                 | No            | 2                  | On Loan: No      |
| BMW US CAPITAL LLC                                               | BMW FLOAT 08/13/26        | CUSIP: 05565ECN3<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |    14700000 | PA      | $14724710.85  | 0.21%             | 2026-08-13      | Floating      | 4.47%                 | Yes           | 2                  | On Loan: No      |
| BANK OF AMERICA CORP                                             | BAC 3.705 04/24/28        | CUSIP: 06051GGL7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    33000000 | PA      | $32781119.58  | 0.46%             | 2028-04-24      | Fixed         | 3.71%                 | No            | 2                  | On Loan: No      |
| KINDER MORGAN INC                                                | KMI 1 3/4 11/15/26        | CUSIP: 49456BAU5<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    21654000 | PA      | $21383085.29  | 0.30%             | 2026-11-15      | Fixed         | 1.75%                 | No            | 2                  | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT             | B 05/21/26                | CUSIP: 912797SV0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   150000000 | PA      | $149702083.50 | 2.08%             | 2026-05-21      | Fixed         | 0.00%                 | No            | 2                  | On Loan: No      |
| JEFFERIES FINANCIAL GROUP INC                                    | JEF 4 1/2 09/15/26        | CUSIP: 47233WKS7<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |    24000000 | PA      | $24024454.08  | 0.33%             | 2026-09-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| TRUIST BANK                                                      | TFC 4.671 05/20/27        | CUSIP: 89788JAE9<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |    28000000 | PA      | $27996628.24  | 0.39%             | 2027-05-20      | Fixed         | 4.67%                 | No            | 2                  | On Loan: No      |
| WELLS FARGO & COMPANY                                            | WFC 3.196 06/17/27        | CUSIP: 95000U2F9<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   100000000 | PA      | $99862688.00  | 1.39%             | 2027-06-17      | Fixed         | 3.20%                 | No            | 2                  | On Loan: No      |
| UNIVERSAL HEALTH SERVICES INC                                    | UHS 1.65 09/01/26         | CUSIP: 913903AZ3<br>LEI: 549300YGMGQDO0NMJD09 | Long             | DBT              | CORP              | US        |    52429000 | PA      | $51960143.18  | 0.72%             | 2026-09-01      | Fixed         | 1.65%                 | No            | 2                  | On Loan: No      |
| MARRIOTT INTERNATIONAL INC                                       | MAR 3 1/8 06/15/26        | CUSIP: 571903AS2<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |     9626000 | PA      | $9615029.44   | 0.13%             | 2026-06-15      | Fixed         | 3.12%                 | No            | 2                  | On Loan: No      |
| GLAXOSMITHKLINE CAPITAL PLC                                      | GSK Float 03/12/27        | CUSIP: 377373AN5<br>LEI: 549300U0LV41VX7LEP38 | Long             | DBT              | CORP              | GB        |    48000000 | PA      | $48098980.80  | 0.67%             | 2027-03-12      | Floating      | 4.15%                 | No            | 2                  | On Loan: No      |
| CONAGRA BRANDS INC                                               | CAG 5.3 10/01/26          | CUSIP: 205887CJ9<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |     6041000 | PA      | $6062550.06   | 0.08%             | 2026-10-01      | Fixed         | 5.30%                 | No            | 2                  | On Loan: No      |
| FORD MOTOR CREDIT COMPANY LLC                                    | F 2.7 08/10/26            | CUSIP: 345397B77<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    43168000 | PA      | $42948776.92  | 0.60%             | 2026-08-10      | Fixed         | 2.70%                 | No            | 2                  | On Loan: No      |
| JP MORGAN CHASE & COMPANY                                        | JPM 4.323 04/26/28        | CUSIP: 46647PDA1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    35000000 | PA      | $34990119.15  | 0.49%             | 2028-04-26      | Fixed         | 4.32%                 | No            | 2                  | On Loan: No      |
| BIO-RAD LABORATORIES INC                                         | BIO 3.3 03/15/27          | CUSIP: 090572AR9<br>LEI: 549300ZC1GPV35XYDK53 | Long             | DBT              | CORP              | US        |    14526000 | PA      | $14402954.61  | 0.20%             | 2027-03-15      | Fixed         | 3.30%                 | No            | 2                  | On Loan: No      |
| AMGEN INC                                                        | AMGN 2.6 08/19/26         | CUSIP: 031162CJ7<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    21227000 | PA      | $21134251.38  | 0.29%             | 2026-08-19      | Fixed         | 2.60%                 | No            | 2                  | On Loan: No      |
| VOLKSWAGEN GROUP OF AMERICA FINANCE LLC                          | VW FLOAT 08/14/26         | CUSIP: 928668CJ9<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    23688000 | PA      | $23728377.62  | 0.33%             | 2026-08-14      | Floating      | 4.73%                 | Yes           | 2                  | On Loan: No      |
| MORGAN STANLEY                                                   | MS 1.593 05/04/27         | CUSIP: 61772BAB9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   100000000 | PA      | $99975878.00  | 1.39%             | 2027-05-04      | Fixed         | 1.59%                 | No            | 2                  | On Loan: No      |
| JP MORGAN CHASE & COMPANY                                        | JPM 1.47 09/22/27         | CUSIP: 46647PCP9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    99047000 | PA      | $97970573.05  | 1.36%             | 2027-09-22      | Fixed         | 1.47%                 | No            | 2                  | On Loan: No      |
| WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP                         | WAB 3.45 11/15/26         | CUSIP: 960386AL4<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |    61575000 | PA      | $61304850.16  | 0.85%             | 2026-11-15      | Fixed         | 3.45%                 | No            | 2                  | On Loan: No      |

### Signature

**Date Signed:** 2026-05-28

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

**Signature:** James Colantino

**Name of Signer:** James Colantino

**Title:** Treasurer