# EDGAR Filing Document

**Accession Number:** 0001314414
**File Stem:** 0000910472-25-001468
**Filing Date:** 2025-9
**Character Count:** 18823
**Document Hash:** bc841b3b823c5f2567d18a2282733696
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-001468.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0000910472-25-001468

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**PERIOD START**: 20260430

**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:** 251347250

**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

### Princeton Adaptive Premium Fund (Series ID: S000067491)

| Class ID   | Class Name                                     | Ticker Symbol   |
|:---|:---|:---|
| C000217027 | Princeton Adaptive Premium Fund Class I shares |  |
| C000217028 | Princeton Adaptive Premium Fund Class A shares |  |

## Nport-Ex

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **PRINCETON ADAPTIVE PREMIUM FUND** | **PRINCETON ADAPTIVE PREMIUM FUND** | **PRINCETON ADAPTIVE PREMIUM FUND** | **PRINCETON ADAPTIVE PREMIUM FUND** | **PRINCETON ADAPTIVE PREMIUM FUND** | **PRINCETON ADAPTIVE PREMIUM FUND** | **PRINCETON ADAPTIVE PREMIUM FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **July 31, 2025** | **July 31, 2025** | **July 31, 2025** | **July 31, 2025** | **July 31, 2025** | **July 31, 2025** | **July 31, 2025** |
| **Principal<br> Amount ($)** |  |  | | **Yield Rate (%)** | **Maturity** | **Fair Value** |
| | **U.S. GOVERNMENT & AGENCIES — 84.5%** | **U.S. GOVERNMENT & AGENCIES — 84.5%** |  | | | |
|  | **U.S. TREASURY BILLS — 84.5%** |  |  |  |  |  |
| 140000 | United States Treasury Bill<sup>(a)(d)</sup> |  |  | 3.4600 | 08/05/25 | $139934 |
| 155000 | United States Treasury Bill<sup>(a)(d)</sup> |  |  | 4.1900 | 08/26/25 | 154539 |
| 155000 | United States Treasury Bill<sup>(a)(d)</sup> |  |  | 4.2900 | 09/02/25 | 154413 |
| 120000 | United States Treasury Bill<sup>(a)(d)</sup> |  |  | 4.2100 | 09/09/25 | 119445 |
| 120000 | United States Treasury Bill<sup>(a)(d)</sup> |  |  | 4.2400 | 09/16/25 | 119346 |
| 120000 | United States Treasury Bill<sup>(a)(d)</sup> |  |  | 4.2600 | 09/23/25 | 119245 |
| 120000 | United States Treasury Bill<sup>(a)(d)</sup> |  |  | 4.2800 | 09/30/25 | 119148 |
| 121000 | United States Treasury Bill<sup>(a)(d)</sup> |  |  | 4.2800 | 10/21/25 | 119845 |
| 100000 | United States Treasury Bill<sup>(a)(d)</sup> |  |  | 4.2900 | 10/28/25 | 98965 |
|  | **TOTAL U.S. GOVERNMENT & AGENCIES (Cost $1,144,918)** | **TOTAL U.S. GOVERNMENT & AGENCIES (Cost $1,144,918)** |  |  |  | 1144880 |
| **Shares** |  |  |  |  |  | **Fair Value** |
|  | **SHORT-TERM INVESTMENT - 5.0%** |  |  |  |  |  |
|  | **MONEY MARKET FUND - 5.0%** |  |  |  |  |  |
| 68177 | Dreyfus Government Cash Management - Institutional Class, 4.20% **(Cost $68,177)**<sup>(b)(d)</sup> | Dreyfus Government Cash Management - Institutional Class, 4.20% **(Cost $68,177)**<sup>(b)(d)</sup> | Dreyfus Government Cash Management - Institutional Class, 4.20% **(Cost $68,177)**<sup>(b)(d)</sup> |  |  | 68177 |
| **Contracts<sup>(c)</sup>** |  |  |  |  |  |  |
|  | **INDEX OPTIONS PURCHASED - 0.1%** | **Expiration Date** | **Exercise Price** | **Exercise Price** | **Notional Value** | **Fair Value** |
|  | **PUT OPTIONS PURCHASED - 0.1%** |  |  |  |  |  |
| 6 | S&P 500 Index | 08/01/2025 |  | $5450 | $3803634 | $30 |
| 2 | S&P 500 Index | 08/01/2025 |  | 5660 | 1267878 | 20 |
| 2 | S&P 500 Index | 08/01/2025 |  | 5675 | 1267878 | 25 |
| 3 | S&P 500 Index | 08/01/2025 |  | 5680 | 1901817 | 30 |
| 1 | S&P 500 Index | 08/01/2025 |  | 5750 | 633939 | 10 |
| 1 | S&P 500 Index | 08/08/2025 |  | 5450 | 633939 | 65 |
| 14 | S&P 500 Index | 08/08/2025 |  | 5475 | 8875146 | 945 |
|  | **<br> TOTAL PUT OPTIONS PURCHASED (Cost - $2,131)** | **<br> TOTAL PUT OPTIONS PURCHASED (Cost - $2,131)** |  |  |  | 1125 |
|  | **TOTAL INDEX OPTIONS PURCHASED (Cost - $2,131)** | **TOTAL INDEX OPTIONS PURCHASED (Cost - $2,131)** |  |  |  | 1125 |
|  | **TOTAL INVESTMENTS - 89.6% (Cost $1,215,226)** | **TOTAL INVESTMENTS - 89.6% (Cost $1,215,226)** |  |  |  | $1214182 |
|  | **PUT OPTIONS WRITTEN - (0.1)% (Proceeds received - $2,603)** | **PUT OPTIONS WRITTEN - (0.1)% (Proceeds received - $2,603)** |  |  |  | (1433) |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES - 10.5%** | **OTHER ASSETS IN EXCESS OF LIABILITIES - 10.5%** |  |  |  | 142902 |
|  | **NET ASSETS - 100.0%** |  |  |  |  | $1355651 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **PRINCETON ADAPTIVE PREMIUM FUND** | **PRINCETON ADAPTIVE PREMIUM FUND** | **PRINCETON ADAPTIVE PREMIUM FUND** | **PRINCETON ADAPTIVE PREMIUM FUND** | **PRINCETON ADAPTIVE PREMIUM FUND** | **PRINCETON ADAPTIVE PREMIUM FUND** | **PRINCETON ADAPTIVE PREMIUM FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** | **July 31, 2025** | **July 31, 2025** | **July 31, 2025** | **July 31, 2025** | **July 31, 2025** | **July 31, 2025** |
| **Contracts<sup>(c)</sup>** |  | |  | | | |
| | **WRITTEN INDEX OPTIONS - (0.1)%** | **Broker** | **Expiration Date** | **Exercise Price** | **Notional Value** | **Fair Value** |
|  | **PUT OPTIONS WRITTEN - (0.1)%** |  |  |  |  |  |
| 6 | S&P 500 Index | FCS | 08/01/2025 | $5550 | $3803634 | $60 |
| 2 | S&P 500 Index | FCS | 08/01/2025 | 5760 | 1267878 | 25 |
| 2 | S&P 500 Index | FCS | 08/01/2025 | 5775 | 1267878 | 25 |
| 3 | S&P 500 Index | FCS | 08/01/2025 | 5780 | 1901817 | 38 |
| 1 | S&P 500 Index | FCS | 08/01/2025 | 5850 | 633939 | 15 |
| 1 | S&P 500 Index | FCS | 08/08/2025 | 5550 | 633939 | 80 |
| 14 | S&P 500 Index | FCS | 08/08/2025 | 5575 | 8875146 | 1190 |
|  | **TOTAL PUT OPTIONS WRITTEN (Proceeds - $2,603)** | **TOTAL PUT OPTIONS WRITTEN (Proceeds - $2,603)** | **TOTAL PUT OPTIONS WRITTEN (Proceeds - $2,603)** |  |  | 1433 |
|  | **TOTAL INDEX OPTIONS WRITTEN (Proceeds - $2,603)** | **TOTAL INDEX OPTIONS WRITTEN (Proceeds - $2,603)** | **TOTAL INDEX OPTIONS WRITTEN (Proceeds - $2,603)** |  |  | $1433 |

---

---

| | |
|:---|:---|
| FCS | - StoneX Financial Inc. |
| <sup>(a)</sup> | Zero coupon bond. |
| <sup>(b)</sup> | Rate disclosed is the seven day effective yield as of July 31, 2025. |
| <sup>(c)</sup> | Each option contract allows the holder of the option to purchase or sell 100 shares of the underlying security. |
| <sup>(d)</sup> | All or a portion of these investments are segregated as collateral for option contracts. The amount of pledged securities collateral amounted to $1,213,053. |

---

## 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:** Princeton Adaptive Premium Fund

- **b. EDGAR series identifier (if any):** S000067491

- **c. LEI of Series:** 549300J1ZTC2HGMBWC31

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

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2025-07-31

**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:** $1388982.52

**Total Liabilities:** $33331.21

**Net Assets:** $1355651.31

**Cash Not Reported:** $98632.47

**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 C000217027 | 0.58%                | 0.50%                | 0.19%                |
| Class ID C000217028 | 0.50%                | 0.42%                | 0.20%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $61.93                   | $205.14                                    |
| Month 2  | $-1.04                   | $-147.82                                   |
| Month 3  | $-1.61                   | $-48.67                                    |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| United States Treasury Bills             | B 08/05/25             | CUSIP: 912797QH3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    140000 | PA      | $139933.75    | 10.32%            | 2025-08-05      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                      | SPXW US 08/01/25 P5550 | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -6 | NC      | $-60.00       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills             | B 09/16/25             | CUSIP: 912797QU4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    120000 | PA      | $119346.03    | 8.80%             | 2025-09-16      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                      | SPXW US 08/01/25 P5450 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |         6 | NC      | $30.00        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills             | WIB 09/02/25           | CUSIP: 912797QM2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    155000 | PA      | $154412.52    | 11.39%            | 2025-09-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills             | B 08/26/25             | CUSIP: 912797QL4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    155000 | PA      | $154538.77    | 11.40%            | 2025-08-26      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                      | SPXW US 08/01/25 P5660 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |         2 | NC      | $20.00        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | SPXW US 08/01/25 P5775 | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -2 | NC      | $-25.00       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | SPXW US 08/01/25 P5675 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |         2 | NC      | $25.00        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills             | B 09/09/25             | CUSIP: 912797QT7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    120000 | PA      | $119445.36    | 8.81%             | 2025-09-09      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills             | B 10/21/25             | CUSIP: 912797RD1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    121000 | PA      | $119845.43    | 8.84%             | 2025-10-21      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                      | SPXW US 08/08/25 P5575 | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -14 | NC      | $-1190.00     | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | SPXW US 08/08/25 P5550 | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -1 | NC      | $-80.00       | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills             | B 09/23/25             | CUSIP: 912797QV2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    120000 | PA      | $119244.75    | 8.80%             | 2025-09-23      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                      | SPXW US 08/01/25 P5760 | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -2 | NC      | $-25.00       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | SPXW US 08/01/25 P5850 | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -1 | NC      | $-15.00       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills             | B 10/28/25             | CUSIP: 912797RE9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    100000 | PA      | $98965.02     | 7.30%             | 2025-10-28      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills             | B 09/30/25             | CUSIP: 912797QW0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    120000 | PA      | $119147.75    | 8.79%             | 2025-09-30      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                      | SPXW US 08/01/25 P5780 | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -3 | NC      | $-37.50       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | SPXW US 08/08/25 P5450 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |         1 | NC      | $65.00        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | SPXW US 08/01/25 P5680 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |         3 | NC      | $30.00        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | SPXW US 08/01/25 P5750 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |         1 | NC      | $10.00        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Dreyfus Government Cash Management Funds | DREY-GVT CSH-I         | CUSIP: 262006208<br>LEI: 549300F7IDB6WRO7VJ11 | Long             | STIV             | RF                | US        |     68177 | PA      | $68177.01     | 5.03%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | SPXW US 08/08/25 P5475 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |        14 | NC      | $945.00       | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-28

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

**Signature:** James Colantino

**Name of Signer:** James Colantino

**Title:** Treasurer