# EDGAR Filing Document

**Accession Number:** 0001314414
**File Stem:** 0000910472-26-002749
**Filing Date:** 2026-2
**Character Count:** 29704
**Document Hash:** ca1808f730f37b98f29f253f110c3eb6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-002749.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0000910472-26-002749

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20260930

**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:** 26683176

**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

### Ocean Park Tactical Risk Spectrum 70 Fund (Series ID: S000071868)

| Class ID   | Class Name                                               | Ticker Symbol   |
|:---|:---|:---|
| C000227425 | Ocean Park Tactical Risk Spectrum 70 Fund Investor Class |  |
| C000227426 | Ocean Park Tactical Risk Spectrum 70 Fund Instl Class    |  |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **OCEAN PARK TACTICAL RISK SPECTRUM 70 FUND** | **OCEAN PARK TACTICAL RISK SPECTRUM 70 FUND** | **OCEAN PARK TACTICAL RISK SPECTRUM 70 FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **EXCHANGE-TRADED FUNDS — 84.8%** |  |
|  | **EQUITY - 66.2%** |  |
| 55800 | Avantis International Small Cap Value ETF | &nbsp;&nbsp;&nbsp; $5243526 |
| 13500 | Avantis U.S. Small Cap Value ETF | &nbsp;&nbsp;&nbsp; 1376730 |
| 3500 | Defiance Quantum ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 383810 |
| 60400 | Dimensional International Small Cap Value ETF | &nbsp;&nbsp;&nbsp; 2295200 |
| 45400 | Dimensional International Value ETF | &nbsp;&nbsp;&nbsp; 2265460 |
| 4900 | iShares Biotechnology ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 826973 |
| 12300 | iShares Latin America 40 ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 374535 |
| 26200 | iShares MSCI Canada ETF | &nbsp;&nbsp;&nbsp; 1412966 |
| 11800 | iShares MSCI Eurozone ETF | &nbsp;&nbsp;&nbsp; 756380 |
| 39200 | iShares MSCI International Momentum Factor ETF | &nbsp;&nbsp;&nbsp; 1880424 |
| 3800 | JPMorgan BetaBuilders Canada ETF | &nbsp;&nbsp;&nbsp; 353400 |
| 209700 | State Street SPDR Portfolio S&P 500 ETF | &nbsp;&nbsp;&nbsp; 16822134 |
| 1300 | VanEck Oil Services ETF | &nbsp;&nbsp;&nbsp; 370201 |
| 25000 | Vanguard FTSE Emerging Markets ETF | &nbsp;&nbsp;&nbsp; 1344000 |
| 12900 | Vanguard Growth ETF | &nbsp;&nbsp;&nbsp; 6293394 |
| 17400 | Vanguard Mid-Cap Growth ETF | &nbsp;&nbsp;&nbsp; 4857036 |
| 5100 | Vanguard Small-Cap Growth ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1540761 |
| 8300 | WisdomTree Japan Hedged Equity Fund ETF | &nbsp;&nbsp;&nbsp; 1196528 |
|  |  | &nbsp;&nbsp; 49593458 |
|  | **FIXED INCOME - 18.6%** |  |
| 14900 | Eldridge BBB-B CLO ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 394552 |
| 108300 | First Trust Institutional Preferred Securities and Income ETF | &nbsp;&nbsp;&nbsp; 2099937 |
| 20200 | First Trust Preferred Securities and Income ETF | &nbsp;&nbsp;&nbsp; 368044 |
| 8600 | First Trust Senior Loan ETF | &nbsp;&nbsp;&nbsp; 394568 |
| 64300 | Invesco Senior Loan ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1350300 |
| 6100 | iShares CMBS ETF | &nbsp;&nbsp;&nbsp; 299388 |
| 18300 | iShares iBoxx $ High Yield Corporate Bond ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1475529 |
| 10400 | iShares J.P. Morgan EM High Yield Bond ETF | &nbsp;&nbsp;&nbsp; 419848 |
| 19548 | JPMorgan Mortgage-Backed Securities ETF | &nbsp;&nbsp;&nbsp; 998121 |
| 25200 | PIMCO Multi Sector Bond Active ETF | &nbsp;&nbsp;&nbsp; 672336 |
| 34700 | SPDR Blackstone Senior Loan ETF | &nbsp;&nbsp;&nbsp; 1432069 |
| 10600 | SPDR Bloomberg Barclays Emerging Markets Local ETF | &nbsp;&nbsp;&nbsp; 226522 |
| 30600 | VanEck J. P. Morgan EM Local Currency Bond ETF | &nbsp;&nbsp;&nbsp; 790092 |
| 9200 | VanEck Short High Yield Muni ETF | &nbsp;&nbsp;&nbsp; 210772 |

---

---

| | | |
|:---|:---|:---|
| **OCEAN PARK TACTICAL RISK SPECTRUM 70 FUND** | **OCEAN PARK TACTICAL RISK SPECTRUM 70 FUND** | **OCEAN PARK TACTICAL RISK SPECTRUM 70 FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **EXCHANGE-TRADED FUNDS — 84.8% (Continued)** |  |
|  | **FIXED INCOME - 18.6% (Continued)** |  |
| 24100 | VanEck Vectors Preferred Securities ex Financials ETF | &nbsp;&nbsp;&nbsp; $425606 |
| 2700 | Vanguard Intermediate-Term Corporate Bond ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 226125 |
| 25200 | Vanguard Total Bond Market ETF | &nbsp;&nbsp;&nbsp; 1866564 |
| 12200 | Virtus InfraCap U.S. Preferred Stock ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 262910 |
|  |  | &nbsp;&nbsp; 13913283 |
|  | **TOTAL EXCHANGE-TRADED FUNDS (Cost $57,694,367)** | &nbsp;&nbsp; 63506741 |
|  | **OPEN END FUNDS — 14.6%** |  |
|  | **ALTERNATIVE - 1.0%** |  |
| 74719 | Finisterre Emerging Markets Total Return Bond Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 721782 |
|  | **EQUITY - 3.3%** |  |
| 1 | Kopernik Global All-Cap Fund | &nbsp;&nbsp;&nbsp; 18 |
| 75657 | Thornburg Investment Income Builder Fund, Class I | &nbsp;&nbsp;&nbsp; 2511071 |
|  |  | &nbsp;&nbsp; 2511089 |
|  | **FIXED INCOME - 10.3%** |  |
| 57 | American Century High Income Fund, Class I | &nbsp;&nbsp;&nbsp; 499 |
| 35 | BlackRock Strategic Income Opportunities Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 346 |
| 223108 | Eaton Vance Emerging Markets Debt Opportunities Fund, Class I | &nbsp;&nbsp;&nbsp; 1860720 |
| 117123 | JPMorgan Income Fund, Class I | &nbsp;&nbsp;&nbsp; 1008432 |
| 104 | Medalist Partners MBS Total Return Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 908 |
| 52 | Metropolitan West Total Return Bond Fund, Class I | &nbsp;&nbsp;&nbsp; 478 |
| 35 | Nuveen Preferred Securities and Income Fund, Class I | &nbsp;&nbsp;&nbsp; 567 |
| 108270 | PIMCO Income Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 1189889 |
| 80 | PIMCO Investment Grade Credit Bond Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 738 |
| 90467 | PIMCO Long-Term Credit Bond Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 805152 |
| 44 | PIMCO Total Return Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 387 |
| 94628 | Principal Spectrum Preferred and Capital Securities Income Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 885717 |
| 13 | TCW Emerging Markets Income Fund, Class I | &nbsp;&nbsp;&nbsp; 94 |
| 167565 | Thornburg Strategic Income Fund, Class I | &nbsp;&nbsp;&nbsp; 1943751 |
|  |  | &nbsp;&nbsp; 7697678 |
|  | **TOTAL OPEN END FUNDS (Cost $10,686,392)** | &nbsp;&nbsp;&nbsp;10930549 |

---

---

| | | |
|:---|:---|:---|
| **OCEAN PARK TACTICAL RISK SPECTRUM 70 FUND** | **OCEAN PARK TACTICAL RISK SPECTRUM 70 FUND** | **OCEAN PARK TACTICAL RISK SPECTRUM 70 FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **SHORT-TERM INVESTMENTS — 9.6%** |  |
|  | **COLLATERAL FOR SECURITIES LOANED - 9.0%** |  |
| 6730600 | First American Government Obligations Fund, Class X, 3.67%<sup>(b) (c)</sup> **(Cost $6,730,600)** | &nbsp;&nbsp;&nbsp; $6730600 |
|  | **MONEY MARKET FUND - 0.6%** |  |
| 424289 | First American Government Obligations Fund, Class X, 3.67%<sup>(c)</sup> **(Cost $424,289)** | &nbsp;&nbsp;&nbsp; 424289 |
|  | **TOTAL SHORT-TERM INVESTMENTS (Cost $7,154,889)** | 7154889 |
|  | **TOTAL INVESTMENTS - 109.0% (Cost $75,535,648)** | &nbsp;&nbsp;&nbsp; $81592179 |
|  | **LIABILITIES IN EXCESS OF OTHER ASSETS - (9.0)%** | &nbsp;&nbsp; (6741762) |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $74850417 |

---

---

| | |
|:---|:---|
| CLO | - Collateralized Loan Obligation |
| CMBS | - Commercial Mortgage Backed Securities |
| ETF | - Exchange-Traded Fund |
| MBS | - Mortgage Backed Securities |
| MSCI | - Morgan Stanley Capital International |
| SPDR | - Standard & Poor's Depositary Receipt |
| <sup>(a)</sup> | All or a portion of the security is on loan. The total value of the securities on loan was $6,512,706, as of December 31, 2025. |
| <sup>(b)</sup> | Security was purchased with cash received as collateral for securities on loan at December 31, 2025. Total collateral had a value of $6,730,600 at December 31, 2025. |
| <sup>(c)</sup> | Rate disclosed is the seven day effective yield as of December 31, 2025. |

---

## 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:** Ocean Park Tactical Risk Spectrum 70 Fund

- **b. EDGAR series identifier (if any):** S000071868

- **c. LEI of Series:** 5493008XRV03W4VM6L27

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

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $75222208.72

**Total Liabilities:** $371791.57

**Net Assets:** $74850417.15

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000227425 | 0.95%                | 0.10%                | 0.47%                |
| Class ID C000227426 | 1.02%                | 0.10%                | 0.53%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $388966.73               | $320644.20                                 |
| Month 2  | $291460.50               | $-250977.46                                |
| Month 3  | $471384.79               | $-434314.81                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Advisors Inner Circle Fund II                    | KOPER-GL A/C-INS         | CUSIP: 00766Y299<br>LEI: 549300OEHDTB2ALCAX69 | Long             | EC               | RF                | US        |         1 | NS      | $18.08        | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Advisors Series Trust                            | MDL-MBS T/R-INS          | CUSIP: 00770X758<br>LEI: 2549003Z0J6URS6I4Y63 | Long             | EC               | RF                | US        |       104 | NS      | $903.90       | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| American Century Investment Trust                | AC-HI INC-Y              | CUSIP: 024932154<br>LEI: 549300RGSU9J1L1HFF90 | Long             | EC               | RF                | US        |        56 | NS      | $496.47       | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| American Century ETF Trust                       | AVANTIS INTL S/C         | CUSIP: 025072802<br>LEI: 5493006IKK34YJD98183 | Long             | EC               | RF                | US        |     55800 | NS      | $5243526.00   | 7.01%             |  |  |  | No            | 1                  | On Loan: No      |
| American Century ETF Trust                       | AVANTIS US S/C           | CUSIP: 025072877<br>LEI: 5493006IKK34YJD98183 | Long             | EC               | RF                | US        |     13500 | NS      | $1376730.00   | 1.84%             |  |  |  | No            | 1                  | On Loan: No      |
| Blackrock Funds V                                | BLKR-STR INC-INS         | CUSIP: 09260B382<br>LEI: 54930077DSFQPJDWM487 | Long             | EC               | RF                | US        |        35 | NS      | $344.95       | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Dimensional ETF Trust                            | DI INTL S-C V ET         | CUSIP: 25434V781<br>LEI: 549300TQ0DPO13B72F34 | Long             | EC               | RF                | US        |     60400 | NS      | $2295200.00   | 3.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Dimensional ETF Trust                            | DIM INTL VALUE           | CUSIP: 25434V807<br>LEI: 549300TQ0DPO13B72F34 | Long             | EC               | RF                | US        |     45400 | NS      | $2265460.00   | 3.03%             |  |  |  | No            | 1                  | On Loan: No      |
| ETF Series Solutions                             | DEFIANCE QUANTUM         | CUSIP: 26922A420<br>LEI: 5493008BB0X0GYS3UI50 | Long             | EC               | RF                | US        |      3500 | NS      | $383810.00    | 0.51%             |  |  |  | No            | 1                  | On Loan: —       |
| ETFis Series Trust I                             | VIRTUS INFRA ETF         | CUSIP: 26923G822<br>LEI: 5493002CWTVLBPSYFT98 | Long             | EC               | RF                | US        |     12200 | NS      | $262910.00    | 0.35%             |  |  |  | No            | 1                  | On Loan: —       |
| Eaton Vance Ser Fund Incorporation               | EV-E/M DBT O-I           | CUSIP: 27827V402<br>LEI: 549300R49JD3NSE34I86 | Long             | EC               | RF                | US        |    215317 | NS      | $1795742.01   | 2.40%             |  |  |  | No            | 1                  | On Loan: No      |
| First American Funds Inc.                        | FRST AM-GV OB-X          | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |    424289 | PA      | $424288.98    | 0.57%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                              | FIRST AM GOVT OB FD CL X | CUSIP: 31846V336<br>LEI: N/A                  | Long             | STIV             |  | US        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| First Trust Exchange-Traded Fund IV              | FT-SENIOR LOAN           | CUSIP: 33738D309<br>LEI: 5493006CBTW7P2B31B80 | Long             | EC               | RF                | US        |      8600 | NS      | $394568.00    | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| First Trust Exchange-Traded Fund III             | FT-PFD SEC & INC         | CUSIP: 33739E108<br>LEI: 5493003Z20QMESC6XS29 | Long             | EC               | RF                | US        |     20200 | NS      | $368044.00    | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| First Trust Exchange-Traded Fund III             | FIRST TRUST INST         | CUSIP: 33739P855<br>LEI: 5493003Z20QMESC6XS29 | Long             | EC               | RF                | US        |    108300 | NS      | $2099937.00   | 2.81%             |  |  |  | No            | 1                  | On Loan: No      |
| Invesco Exchange Traded Fund Trust II            | INVESCO SENIOR L         | CUSIP: 46138G508<br>LEI: O540V2L4S174Y60FMD36 | Long             | EC               | RF                | US        |     64300 | NS      | $1350300.00   | 1.80%             |  |  |  | No            | 1                  | On Loan: —       |
| Ishares Inc                                      | ISHARES J.P. MOR         | CUSIP: 464286285<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |     10400 | NS      | $419848.00    | 0.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Ishares Inc                                      | ISHARES MSCI CAN         | CUSIP: 464286509<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |     26200 | NS      | $1412966.00   | 1.89%             |  |  |  | No            | 1                  | On Loan: No      |
| Ishares Inc                                      | ISHARES MSCI EUR         | CUSIP: 464286608<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |     11800 | NS      | $756380.00    | 1.01%             |  |  |  | No            | 1                  | On Loan: No      |
| iShares Trust                                    | ISHARES LATIN AM         | CUSIP: 464287390<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     12300 | NS      | $374535.00    | 0.50%             |  |  |  | No            | 1                  | On Loan: —       |
| iShares Trust                                    | ISHARES BIOTECHN         | CUSIP: 464287556<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      4900 | NS      | $826973.00    | 1.10%             |  |  |  | No            | 1                  | On Loan: —       |
| iShares Trust                                    | ISHARES IBOXX HI         | CUSIP: 464288513<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     18300 | NS      | $1475529.00   | 1.97%             |  |  |  | No            | 1                  | On Loan: —       |
| iShares Trust                                    | ISHARES CMBS ETF         | CUSIP: 46429B366<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      6100 | NS      | $299388.00    | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| iShares Trust                                    | ISHARES MSCI INT         | CUSIP: 46434V449<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     39200 | NS      | $1880424.00   | 2.51%             |  |  |  | No            | 1                  | On Loan: No      |
| JP Morgan Trust I                                | JPM IMCOME-I             | CUSIP: 46637K224<br>LEI: 549300DM5WZMCZZ70R78 | Long             | EC               | RF                | US        |    116545 | NS      | $1003454.71   | 1.34%             |  |  |  | No            | 1                  | On Loan: No      |
| J P Morgan Exchange Traded Fund Trust            | JPM BB CANADA            | CUSIP: 46641Q225<br>LEI: 5493001E1K1DVWDV2464 | Long             | EC               | RF                | US        |      3800 | NS      | $353400.00    | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| J P Morgan Exchange Traded Fund Trust            | JPM MORTGAGE BS          | CUSIP: 46654Q575<br>LEI: 5493001E1K1DVWDV2464 | Long             | EC               | RF                | US        |     19548 | NS      | $998120.88    | 1.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Metropolitan West Funds                          | MW-T/R BND-I             | CUSIP: 592905509<br>LEI: 549300KGDNJW6FXNDC82 | Long             | EC               | RF                | US        |        52 | NS      | $473.30       | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Nuveen Investments Trust V                       | NVN-PREF SEC-I           | CUSIP: 670700400<br>LEI: 5493005YOHPRCB8M2Y83 | Long             | EC               | RF                | US        |        35 | NS      | $564.28       | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| PIMCO Funds Pacific Investment Management Series | PIMCO-T/R-INS            | CUSIP: 693390700<br>LEI: N/A                  | Long             | EC               | RF                | US        |        43 | NS      | $385.10       | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| PIMCO Funds Pacific Investment Management Series | PIMCO-I/G CR-INS         | CUSIP: 722005816<br>LEI: N/A                  | Long             | EC               | RF                | US        |        80 | NS      | $734.93       | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| PIMCO Funds                                      | PIMCO-INCOME-INS         | CUSIP: 72201F490<br>LEI: 5493003B5Y5GR0Y25Y76 | Long             | EC               | RF                | US        |    107731 | NS      | $1183963.64   | 1.58%             |  |  |  | No            | 1                  | On Loan: No      |
| PIMCO Funds                                      | PIMCO-L/T CR-INS         | CUSIP: 72201P647<br>LEI: 5493003B5Y5GR0Y25Y76 | Long             | EC               | RF                | US        |     90021 | NS      | $801187.36    | 1.07%             |  |  |  | No            | 1                  | On Loan: No      |
| PIMCO ETF Trust                                  | PIMCO MULTISECT          | CUSIP: 72201R585<br>LEI: 5493004M9TBGFQUJ6D27 | Long             | EC               | RF                | US        |     25200 | NS      | $672336.00    | 0.90%             |  |  |  | No            | 1                  | On Loan: No      |
| Principal Funds Inc                              | PRIN-PR & CA-INS         | CUSIP: 74253Q416<br>LEI: 549300HZGBXSW6DSXF23 | Long             | EC               | RF                | US        |     94628 | NS      | $885717.37    | 1.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Principal Funds Inc                              | PRIN-FI EM T-INS         | CUSIP: 74255L175<br>LEI: 549300HZGBXSW6DSXF23 | Long             | EC               | RF                | US        |     74719 | NS      | $721782.49    | 0.96%             |  |  |  | No            | 1                  | On Loan: No      |
| SPDR Series Trust                                | SPDR BLOOMBERG E         | CUSIP: 78464A391<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |     10600 | NS      | $226522.00    | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| SPDR Series Trust                                | STATE STREET SPD         | CUSIP: 78464A854<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |    209700 | NS      | $16822134.00  | 22.47%            |  |  |  | No            | 1                  | On Loan: No      |
| Ssga Active Trust                                | SPDR BLACKSTONE          | CUSIP: 78467V608<br>LEI: 549300MAXSRPQ75ICU67 | Long             | EC               | RF                | US        |     34700 | NS      | $1432069.00   | 1.91%             |  |  |  | No            | 1                  | On Loan: No      |
| Series Portfolios Trust                          | ELD BBB-B CL ETF         | CUSIP: 81752T528<br>LEI: 5493008VNHP5UNYJ3713 | Long             | EC               | RF                | US        |     14900 | NS      | $394552.00    | 0.53%             |  |  |  | No            | 1                  | On Loan: —       |
| Tcw Funds Inc                                    | TCW EMERGING MAR         | CUSIP: 87234N765<br>LEI: 54930078E2I2DS4UJ217 | Long             | EC               | RF                | US        |        13 | NS      | $93.53        | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Thornburg Investment Trust                       | THRNB-STR IN-I           | CUSIP: 885215194<br>LEI: 5493001XM52H8S4WYY82 | Long             | EC               | RF                | US        |    166865 | NS      | $1935638.85   | 2.59%             |  |  |  | No            | 1                  | On Loan: No      |
| Thornburg Investment Trust                       | THRNB-INC BLD-I          | CUSIP: 885215467<br>LEI: 5493001XM52H8S4WYY82 | Long             | EC               | RF                | US        |     75657 | NS      | $2511070.70   | 3.35%             |  |  |  | No            | 1                  | On Loan: No      |
| VanEck ETF Trust                                 | V/E SH HI YLD MU         | CUSIP: 92189F387<br>LEI: 549300ZLFKNTXC51ZN76 | Long             | EC               | RF                | US        |      9200 | NS      | $210772.00    | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| VanEck ETF Trust                                 | VANECK VECTORS PREFERRED | CUSIP: 92189F429<br>LEI: 549300ZLFKNTXC51ZN76 | Long             | EC               | RF                | US        |     24100 | NS      | $425606.00    | 0.57%             |  |  |  | No            | 1                  | On Loan: No      |
| VanEck ETF Trust                                 | V/E JPM EM L C B         | CUSIP: 92189H300<br>LEI: 549300ZLFKNTXC51ZN76 | Long             | EC               | RF                | US        |     30600 | NS      | $790092.00    | 1.06%             |  |  |  | No            | 1                  | On Loan: No      |
| VanEck ETF Trust                                 | VANECK OIL SERVI         | CUSIP: 92189H607<br>LEI: 549300ZLFKNTXC51ZN76 | Long             | EC               | RF                | US        |      1300 | NS      | $370201.00    | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Vanguard Bond Index Funds                        | VANGUARD TOTAL B         | CUSIP: 921937835<br>LEI: 549300INE5BF80OGAZ51 | Long             | EC               | RF                | US        |     25200 | NS      | $1866564.00   | 2.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Vanguard International Equity Index Funds        | VANGUARD FTSE EM         | CUSIP: 922042858<br>LEI: 549300UR5XWDVDO7NP96 | Long             | EC               | RF                | US        |     25000 | NS      | $1344000.00   | 1.80%             |  |  |  | No            | 1                  | On Loan: No      |
| Vanguard Scottsdale Funds                        | VANGUARD INT TER         | CUSIP: 92206C870<br>LEI: 549300Y88GQ3VLJIBX57 | Long             | EC               | RF                | US        |      2700 | NS      | $226125.00    | 0.30%             |  |  |  | No            | 1                  | On Loan: —       |
| Vanguard Index Funds                             | VANGUARD M/C GRW         | CUSIP: 922908538<br>LEI: 549300G6KNDK44WUN559 | Long             | EC               | RF                | US        |     17400 | NS      | $4857036.00   | 6.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Vanguard Index Funds                             | VANGUARD S/C G E         | CUSIP: 922908595<br>LEI: 549300G6KNDK44WUN559 | Long             | EC               | RF                | US        |      5100 | NS      | $1540761.00   | 2.06%             |  |  |  | No            | 1                  | On Loan: —       |
| Vanguard Index Funds                             | VANGUARD GRW ETF         | CUSIP: 922908736<br>LEI: 549300G6KNDK44WUN559 | Long             | EC               | RF                | US        |     12900 | NS      | $6293394.00   | 8.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Wisdomtree Trust                                 | WISDOMTREE JPN H         | CUSIP: 97717W851<br>LEI: 549300SEVJBU47TE8855 | Long             | EC               | RF                | US        |      8300 | NS      | $1196528.00   | 1.60%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2026-01-28

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

**Signature:** James Colantino

**Name of Signer:** James Colantino

**Title:** Treasurer