# EDGAR Filing Document

**Accession Number:** 0001352621
**File Stem:** 0000910472-26-007736
**Filing Date:** 2026-5
**Character Count:** 34875
**Document Hash:** df250e1b7f0f13fa5e400d9cebc72f08
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-007736.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0000910472-26-007736

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Northern Lights Variable Trust
- **CENTRAL INDEX KEY:** 0001352621

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21853
- **FILM NUMBER:** 261030412

**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:** 17645 WRIGHT STREET
- **STREET 2:** SUITE 200
- **CITY:** OMAHA
- **STATE:** NE
- **ZIP:** 68130

## Series and Classes Contracts Data

### DF Tactical Momentum VIT Fund (Series ID: S000016887)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000186847 | DF Tactical Momentum VIT Fund Class 2 shares |  |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **DONOGHUE FORLINES DIVIDEND VIT FUND** | **DONOGHUE FORLINES DIVIDEND VIT FUND** | **DONOGHUE FORLINES DIVIDEND VIT FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.0%** |  |
|  | **ASSET MANAGEMENT - 4.0%** |  |
| 1674 | Ares Management Corporation, Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $182634 |
| 1939 | T Rowe Price Group, Inc. | &nbsp;&nbsp;&nbsp; 174781 |
|  |  | &nbsp;&nbsp; 357415 |
|  | **BANKING - 17.9%** |  |
| 2960 | Citizens Financial Group, Inc. | &nbsp;&nbsp;&nbsp; 177511 |
| 3844 | Fifth Third Bancorp<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 178592 |
| 11074 | Huntington Bancshares Inc | &nbsp;&nbsp;&nbsp; 173308 |
| 8814 | KeyCorporation | &nbsp;&nbsp;&nbsp; 176721 |
| 852 | M&T Bank Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 176125 |
| 842 | PNC Financial Services Group, Inc. (The) | &nbsp;&nbsp;&nbsp; 175212 |
| 6608 | Regions Financial Corporation | &nbsp;&nbsp;&nbsp; 172601 |
| 3794 | Truist Financial Corporation | &nbsp;&nbsp;&nbsp; 174410 |
| 3316 | US Bancorp | &nbsp;&nbsp;&nbsp; 172465 |
|  |  | &nbsp;&nbsp; 1576945 |
|  | **BIOTECH & PHARMA - 5.9%** |  |
| 761 | AbbVie, Inc. | &nbsp;&nbsp;&nbsp; 165510 |
| 2888 | Bristol-Myers Squibb Company | &nbsp;&nbsp;&nbsp; 175157 |
| 6344 | Pfizer, Inc. | &nbsp;&nbsp;&nbsp; 178140 |
|  |  | &nbsp;&nbsp; 518807 |
|  | **CABLE & SATELLITE - 1.8%** |  |
| 5666 | Comcast Corporation, Class A | &nbsp;&nbsp;&nbsp; 162671 |
|  | **CONTAINERS & PACKAGING - 1.8%** |  |
| 4075 | Amcor PLC<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 161981 |
|  | **ELECTRIC UTILITIES - 7.6%** |  |
| 576 | Constellation Energy Corporation | &nbsp;&nbsp;&nbsp; 160848 |
| 2421 | Edison International | &nbsp;&nbsp;&nbsp; 177169 |
| 1165 | NRG Energy, Inc. | &nbsp;&nbsp;&nbsp; 170253 |
| 1088 | Vistra Corporation | &nbsp;&nbsp;&nbsp; 163559 |
|  |  | &nbsp;&nbsp; 671829 |
|  | **FOOD - 1.9%** |  |
| 7485 | The Kraft Heinz Company (The)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 168338 |

---

---

| | | |
|:---|:---|:---|
| **DONOGHUE FORLINES DIVIDEND VIT FUND** | **DONOGHUE FORLINES DIVIDEND VIT FUND** | **DONOGHUE FORLINES DIVIDEND VIT FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.0% (Continued)** |  |
|  | **GAMING REIT - 1.9%** |  |
| 6094 | VICI Properties, Inc. | &nbsp;&nbsp;&nbsp; $166488 |
|  | **HEALTH CARE FACILITIES & SERVICES - 3.7%** |  |
| 2287 | CVS Health Corporation | &nbsp;&nbsp;&nbsp; 164252 |
| 607 | UnitedHealth Group, Inc. | &nbsp;&nbsp;&nbsp; 164248 |
|  |  | &nbsp;&nbsp; 328500 |
|  | **INFRASTRUCTURE REIT - 1.8%** |  |
| 1978 | Crown Castle, Inc. | &nbsp;&nbsp;&nbsp; 160831 |
|  | **INSTITUTIONAL FINANCIAL SERVICES - 2.0%** |  |
| 1375 | State Street Corporation | &nbsp;&nbsp;&nbsp; 174020 |
|  | **INSURANCE - 9.9%** |  |
| 2476 | MetLife, Inc. | &nbsp;&nbsp;&nbsp; 175103 |
| 1964 | Principal Financial Group, Inc. | &nbsp;&nbsp;&nbsp; 176975 |
| 861 | Progressive Corporation (The) | &nbsp;&nbsp;&nbsp; 170685 |
| 1824 | Prudential Financial, Inc. | &nbsp;&nbsp;&nbsp; 178186 |
| 2552 | W R Berkley Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 169147 |
|  |  | &nbsp;&nbsp; 870096 |
|  | **LEISURE FACILITIES & SERVICES - 2.0%** |  |
| 2405 | Restaurant Brands International, Inc. | &nbsp;&nbsp;&nbsp; 177730 |
|  | **MEDICAL EQUIPMENT & DEVICES - 1.9%** |  |
| 1947 | Medtronic PLC | &nbsp;&nbsp;&nbsp; 168708 |
|  | **OIL & GAS PRODUCERS - 12.4%** |  |
| 903 | Chevron Corporation | &nbsp;&nbsp;&nbsp; 186831 |
| 1307 | EOG Resources, Inc. | &nbsp;&nbsp;&nbsp; 188953 |
| 1595 | Expand Energy Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 175099 |
| 5236 | Kinder Morgan, Inc. | &nbsp;&nbsp;&nbsp; 175563 |
| 2020 | ONEOK, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 182588 |
| 1022 | Phillips 66 | &nbsp;&nbsp;&nbsp; 186188 |
|  |  | &nbsp;&nbsp; 1095222 |

---

---

| | | |
|:---|:---|:---|
| **DONOGHUE FORLINES DIVIDEND VIT FUND** | **DONOGHUE FORLINES DIVIDEND VIT FUND** | **DONOGHUE FORLINES DIVIDEND VIT FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.0% (Continued)** |  |
|  | **RETAIL - CONSUMER STAPLES - 2.0%** |  |
| 1458 | Target Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $176709 |
|  | **SPECIALTY FINANCE - 1.9%** |  |
| 3670 | Fidelity National Financial, Inc. | &nbsp;&nbsp;&nbsp; 170215 |
|  | **TECHNOLOGY HARDWARE - 2.0%** |  |
| 9382 | HP, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 180228 |
|  | **TECHNOLOGY SERVICES - 7.6%** |  |
| 860 | Accenture PLC, Class A | &nbsp;&nbsp;&nbsp; 170530 |
| 3453 | Fidelity National Information Services, Inc. | &nbsp;&nbsp;&nbsp; 161980 |
| 696 | International Business Machines Corporation | &nbsp;&nbsp;&nbsp; 168703 |
| 1843 | Paychex, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 169777 |
|  |  | &nbsp;&nbsp; 670990 |
|  | **TELECOMMUNICATIONS - 4.1%** |  |
| 6377 | AT&T, Inc. | &nbsp;&nbsp;&nbsp; 184869 |
| 3418 | Verizon Communications, Inc. | &nbsp;&nbsp;&nbsp; 171584 |
|  |  | &nbsp;&nbsp; 356453 |
|  | **TOBACCO & CANNABIS - 2.0%** |  |
| 2611 | Altria Group, Inc. | &nbsp;&nbsp;&nbsp; 172300 |
|  | **TRANSPORTATION & LOGISTICS - 1.9%** |  |
| 1718 | United Parcel Service, Inc., Class B | &nbsp;&nbsp;&nbsp; 169017 |
|  | **TOTAL COMMON STOCKS (Cost $8,220,054)** | &nbsp;&nbsp; 8655493 |

---

---

| | | |
|:---|:---|:---|
| **DONOGHUE FORLINES DIVIDEND VIT FUND** | **DONOGHUE FORLINES DIVIDEND VIT FUND** | **DONOGHUE FORLINES DIVIDEND VIT FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| **Shares** |  | **Fair Value** |
|  | **SHORT-TERM INVESTMENTS — 21.8%** |  |
|  | **COLLATERAL FOR SECURITIES LOANED - 19.9%** |  |
| 1758072 | Mount Vernon Liquid Assets Portfolio, 3.74% (Cost $1,758,072)<sup>(b),(c)</sup> | &nbsp;&nbsp;&nbsp; $1758072 |
|  | **MONEY MARKET FUNDS- 1.9%** |  |
|  | **TOTAL SHORT-TERM INVESTMENTS (Cost $1,927,989)** | 1927989 |
|  | **TOTAL INVESTMENTS - 119.8% (Cost $10,148,043)** | &nbsp;&nbsp;&nbsp; $10583482 |
|  | **LIABILITIES IN EXCESS OF OTHER ASSETS - (19.8)%** | &nbsp;&nbsp; (1750825) |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $8832657 |

---

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

<sup>(a)</sup> All or a portion of the security is on loan. The total fair value of the securities on loan as of March 31, 2026 was $1,732,708.

<sup>(b)</sup> Rate disclosed is the seven day effective yield as of March 31, 2026.

<sup>(c)</sup> Security was purchased with cash received as collateral for securities on loan at March 31, 2026. Total collateral had a value of $1,758,072 at March 31, 2026.

---

| | | |
|:---|:---|:---|
| **DONOGHUE FORLINES MOMENTUM VIT FUND** | **DONOGHUE FORLINES MOMENTUM VIT FUND** | **DONOGHUE FORLINES MOMENTUM VIT FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.1%** |  |
|  | **ADVERTISING & MARKETING - 1.9%** |  |
| 20245 | Omnicom Group, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $1524651 |
|  | **AEROSPACE & DEFENSE - 3.7%** |  |
| 10293 | ATI, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1497220 |
| 2496 | Lockheed Martin Corporation, Class B | &nbsp;&nbsp;&nbsp; 1508557 |
|  |  | &nbsp;&nbsp; 3005777 |
|  | **APPAREL & TEXTILE PRODUCTS - 1.9%** |  |
| 11146 | Tapestry, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1572812 |
|  | **BANKING - 4.0%** |  |
| 82483 | KeyCorporation | &nbsp;&nbsp;&nbsp; 1653783 |
| 7976 | M&T Bank Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1648799 |
|  |  | &nbsp;&nbsp; 3302582 |
|  | **BIOTECH & PHARMA - 8.0%** |  |
| 27022 | Bristol-Myers Squibb Company | &nbsp;&nbsp;&nbsp; 1638884 |
| 11101 | Gilead Sciences, Inc. | &nbsp;&nbsp;&nbsp; 1547146 |
| 6670 | Johnson & Johnson | &nbsp;&nbsp;&nbsp; 1630415 |
| 13947 | Merck & Company, Inc. | &nbsp;&nbsp;&nbsp; 1677686 |
|  |  | &nbsp;&nbsp; 6494131 |
|  | **CABLE & SATELLITE - 3.7%** |  |
| 7224 | Charter Communications, Inc., Class A<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 1559518 |
| 53019 | Comcast Corporation, Class A | &nbsp;&nbsp;&nbsp; 1522175 |
|  |  | &nbsp;&nbsp; 3081693 |
|  | **DIVERSIFIED INDUSTRIALS - 1.9%** |  |
| 6769 | Honeywell International, Inc. | &nbsp;&nbsp;&nbsp; 1529997 |
|  | **ELECTRIC UTILITIES - 2.0%** |  |
| 22659 | Edison International | &nbsp;&nbsp;&nbsp; 1658186 |
|  | **ELECTRICAL EQUIPMENT - 3.9%** |  |
| 7226 | AMETEK, Inc. | &nbsp;&nbsp;&nbsp; 1548965 |
| 5702 | Keysight Technologies, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1610074 |
|  |  | &nbsp;&nbsp; 3159039 |

---

---

| | | |
|:---|:---|:---|
| **DONOGHUE FORLINES MOMENTUM VIT FUND** | **DONOGHUE FORLINES MOMENTUM VIT FUND** | **DONOGHUE FORLINES MOMENTUM VIT FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.1% (Continued)** |  |
|  | **ENTERTAINMENT CONTENT - 2.0%** |  |
| 58281 | Warner Bros Discovery, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $1600396 |
|  | **HOUSEHOLD PRODUCTS - 3.7%** |  |
| 16262 | Church & Dwight Company, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1517570 |
| 18087 | Colgate-Palmolive Company | &nbsp;&nbsp;&nbsp; 1541555 |
|  |  | &nbsp;&nbsp; 3059125 |
|  | **INDUSTRIAL INTERMEDIATE PROD - 1.9%** |  |
| 2897 | RBC Bearings, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1573419 |
|  | **INSTITUTIONAL FINANCIAL SERVICES - 3.9%** |  |
| 5707 | Cboe Global Markets, Inc. | &nbsp;&nbsp;&nbsp; 1604067 |
| 5343 | CME Group, Inc. | &nbsp;&nbsp;&nbsp; 1578055 |
|  |  | &nbsp;&nbsp; 3182122 |
|  | **INSURANCE - 4.1%** |  |
| 5022 | Chubb Ltd. | &nbsp;&nbsp;&nbsp; 1636820 |
| 18376 | Principal Financial Group, Inc. | &nbsp;&nbsp;&nbsp; 1655862 |
|  |  | &nbsp;&nbsp; 3292682 |
|  | **MEDICAL EQUIPMENT & DEVICES - 1.9%** |  |
| 24443 | Dexcom, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1535020 |
|  | **OIL & GAS PRODUCERS - 2.3%** |  |
| 10693 | Exxon Mobil Corporation | &nbsp;&nbsp;&nbsp; 1814174 |
|  | **OIL & GAS SERVICES & EQUIPMENT - 2.1%** |  |
| 25176 | TechnipFMC PLC | &nbsp;&nbsp;&nbsp; 1740417 |
|  | **RETAIL - CONSUMER STAPLES - 3.7%** |  |
| 11190 | Dollar General Corporation | &nbsp;&nbsp;&nbsp; 1328589 |
| 13645 | Target Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1653774 |
|  |  | &nbsp;&nbsp; 2982363 |
|  | **RETAIL - DISCRETIONARY - 2.1%** |  |
| 7614 | Ross Stores, Inc. | &nbsp;&nbsp;&nbsp; 1649421 |

---

---

| | | |
|:---|:---|:---|
| **DONOGHUE FORLINES MOMENTUM VIT FUND** | **DONOGHUE FORLINES MOMENTUM VIT FUND** | **DONOGHUE FORLINES MOMENTUM VIT FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.1% (Continued)** |  |
|  | **RETAIL REIT - 2.0%** |  |
| 8550 | Simon Property Group, Inc. | &nbsp;&nbsp;&nbsp; $1594832 |
|  | **SEMICONDUCTORS - 17.3%** |  |
| 5077 | Analog Devices, Inc. | &nbsp;&nbsp;&nbsp; 1615197 |
| 4617 | Applied Materials, Inc. | &nbsp;&nbsp;&nbsp; 1578044 |
| 6447 | Comcast Corporation | &nbsp;&nbsp;&nbsp; 1535740 |
| 13951 | Entegris, Inc. | &nbsp;&nbsp;&nbsp; 1635615 |
| 7405 | Lam Research Corporation | &nbsp;&nbsp;&nbsp; 1582152 |
| 3871 | Micron Technology, Inc. | &nbsp;&nbsp;&nbsp; 1307779 |
| 27360 | ON Semiconductor Corporation<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1694130 |
| 2473 | Sandisk Corp<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1571196 |
| 5367 | Teradyne, Inc. | &nbsp;&nbsp;&nbsp; 1591101 |
|  |  | &nbsp;&nbsp; 14110954 |
|  | **TECHNOLOGY HARDWARE - 14.1%** |  |
| 4768 | Ciena Corporation<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1851080 |
| 12301 | Corning, Inc. | &nbsp;&nbsp;&nbsp; 1672567 |
| 6865 | Garmin Ltd. | &nbsp;&nbsp;&nbsp; 1592749 |
| 2412 | Lumentum Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1695057 |
| 3504 | Motorola Solutions, Inc. | &nbsp;&nbsp;&nbsp; 1520631 |
| 2473 | Teledyne Technologies, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1496190 |
| 6030 | Western Digital Corporation | &nbsp;&nbsp;&nbsp; 1631055 |
|  |  | &nbsp;&nbsp; 11459329 |
|  | **TELECOMMUNICATIONS - 2.0%** |  |
| 31981 | Verizon Communications, Inc. | &nbsp;&nbsp;&nbsp; 1605446 |
|  | **TRANSPORTATION & LOGISTICS - 2.0%** |  |
| 4485 | FedEx Corporation | &nbsp;&nbsp;&nbsp; 1597467 |
|  | **TRANSPORTATION EQUIPMENT - 2.0%** |  |
| 6589 | Westinghouse Air Brake Technologies Corporation | &nbsp;&nbsp;&nbsp; 1646657 |
|  | **TOTAL COMMON STOCKS (Cost $71,108,423)** | &nbsp;&nbsp; 79772692 |

---

---

| | | |
|:---|:---|:---|
| **DONOGHUE FORLINES MOMENTUM VIT FUND** | **DONOGHUE FORLINES MOMENTUM VIT FUND** | **DONOGHUE FORLINES MOMENTUM VIT FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| **Shares** |  | **Fair Value** |
|  | **SHORT-TERM INVESTMENTS — 10.1%** |  |
|  | **COLLATERAL FOR SECURITIES LOANED - 10.1%** |  |
| 8168183 | Mount Vernon Liquid Assets Portfolio, 3.74% (Cost $8,168,183)<sup>(c),(d)</sup> | &nbsp;&nbsp;&nbsp; $8168183 |
|  | **TOTAL INVESTMENTS - 108.2% (Cost $79,276,606)** | &nbsp;&nbsp;&nbsp; $87940875 |
|  | **LIABILITIES IN EXCESS OF OTHER ASSETS - (8.2)%** | &nbsp;&nbsp; (6678897) |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $81261978 |

---

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

<sup>(a)</sup> All or a portion of the security is on loan. The total fair value of the securities on loan as of March 31, 2026 was $8,120,919.

<sup>(b)</sup> Non-income producing security.

<sup>(c)</sup> Rate disclosed is the seven-day effective yield as of March 31, 2026.

<sup>(d)</sup> Security was purchased with cash received as collateral for securities on loan at March 31, 2026. Total collateral had a value of $8,168,183 at March 31, 2026.

## 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 Variable Trust

- **b. Investment Company Act file number:** 811-21853

- **c. CIK number of Registrant:** 0001352621

- **d. LEI of Registrant:** 549300JG5J5V82S8VI88

- **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:** Donoghue Forlines Momentum VIT Fund

- **b. EDGAR series identifier (if any):** S000016887

- **c. LEI of Series:** 549300AX848D7L72RN86

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $82390684.50

**Total Liabilities:** $1128706.67

**Net Assets:** $81261977.83

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000186847 | 10.96%               | 7.46%                | -3.20%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $153102.00               | $7782658.66                                |
| Month 2  | $0.00                    | $5942401.56                                |
| Month 3  | $6786924.24              | $-9500802.16                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| ATI Inc                        | ATI INC                              | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |     10293 | NS      | $1497219.78   | 1.84%             |  |  |  | No            | 1                  | On Loan: No      |
| Ametek, Inc.                   | AMETEK INC                           | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |      7226 | NS      | $1548965.36   | 1.91%             |  |  |  | No            | 1                  | On Loan: No      |
| Analog Devices Inc.            | ANALOG DEVICES                       | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |      5077 | NS      | $1615196.78   | 1.99%             |  |  |  | No            | 1                  | On Loan: No      |
| Applied Materials Inc.         | APPLIED MATERIAL                     | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |      4617 | NS      | $1578044.43   | 1.94%             |  |  |  | No            | 1                  | On Loan: No      |
| Bristol-Myers Squibb Company   | BRISTOL-MYER SQB                     | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     27022 | NS      | $1638884.30   | 2.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Cboe Global Markets Inc        | CBOE GLOBAL MARK                     | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |      5707 | NS      | $1604066.49   | 1.97%             |  |  |  | No            | 1                  | On Loan: No      |
| CME Group Inc.                 | CME GROUP INC                        | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |      5343 | NS      | $1578055.05   | 1.94%             |  |  |  | No            | 1                  | On Loan: No      |
| Charter Communications, Inc.   | CHARTER COMMUN-A                     | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |      7224 | NS      | $1559517.12   | 1.92%             |  |  |  | No            | 1                  | On Loan: —       |
| Church & Dwight Co Inc.        | CHURCH & DWIGHT                      | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               | CORP              | US        |     16262 | NS      | $1517569.84   | 1.87%             |  |  |  | No            | 1                  | On Loan: —       |
| Ciena Corporation              | CIENA CORP                           | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |      4768 | NS      | $1851080.64   | 2.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Coherent Corp                  | COHERENT CORP                        | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |      6447 | NS      | $1535739.87   | 1.89%             |  |  |  | No            | 1                  | On Loan: No      |
| Colgate-Palmolive Co.          | COLGATE-PALMOLIV                     | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |     18087 | NS      | $1541555.01   | 1.90%             |  |  |  | No            | 1                  | On Loan: No      |
| Comcast Corporation            | COMCAST CORP-A                       | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     53019 | NS      | $1522175.49   | 1.87%             |  |  |  | No            | 1                  | On Loan: No      |
| Corning Incorporated           | CORNING INC                          | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |     12301 | NS      | $1672566.97   | 2.06%             |  |  |  | No            | 1                  | On Loan: No      |
| DexCom Inc                     | DEXCOM                               | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |     24443 | NS      | $1535020.40   | 1.89%             |  |  |  | No            | 1                  | On Loan: No      |
| Dollar General Corporation     | DOLLAR GENERAL C                     | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |     11190 | NS      | $1328588.70   | 1.63%             |  |  |  | No            | 1                  | On Loan: No      |
| Edison International           | EDISON INTL                          | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |     22659 | NS      | $1658185.62   | 2.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Entegris Inc                   | ENTEGRIS INC                         | CUSIP: 29362U104<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | EC               | CORP              | US        |     13951 | NS      | $1635615.24   | 2.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Exxon Mobil Corp.              | EXXON MOBIL CORP                     | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     10693 | NS      | $1814174.38   | 2.23%             |  |  |  | No            | 1                  | On Loan: No      |
| FedEx Corporation              | FEDEX CORP                           | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |      4485 | NS      | $1597467.30   | 1.97%             |  |  |  | No            | 1                  | On Loan: No      |
| Gilead Sciences Inc.           | GILEAD SCIENCES                      | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     11101 | NS      | $1547146.37   | 1.90%             |  |  |  | No            | 1                  | On Loan: No      |
| Honeywell International Inc.   | HONEYWELL INTL                       | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |      6769 | NS      | $1529997.07   | 1.88%             |  |  |  | No            | 1                  | On Loan: No      |
| Johnson & Johnson              | JOHNSON&JOHNSON                      | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      6670 | NS      | $1630414.80   | 2.01%             |  |  |  | No            | 1                  | On Loan: No      |
| KeyCorp                        | KEYCORP                              | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |     82483 | NS      | $1653784.15   | 2.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Keysight Technologies, Inc.    | KEYSIGHT TEC                         | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |      5702 | NS      | $1610073.74   | 1.98%             |  |  |  | No            | 1                  | On Loan: No      |
| Lam Research Corporation       | LAM RESEARCH                         | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |      7405 | NS      | $1582152.30   | 1.95%             |  |  |  | No            | 1                  | On Loan: No      |
| Lockheed Martin Corporation    | LOCKHEED MARTIN                      | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      2496 | NS      | $1508557.44   | 1.86%             |  |  |  | No            | 1                  | On Loan: No      |
| Lumentum Holdings Inc.         | LUMENTUM HOL                         | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |      2412 | NS      | $1695057.12   | 2.09%             |  |  |  | No            | 1                  | On Loan: —       |
| M&T Bank Corporation           | M&T BANK CORP                        | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |      7976 | NS      | $1648798.72   | 2.03%             |  |  |  | No            | 1                  | On Loan: —       |
| Merck & Co., Inc               | MERCK & CO                           | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     13947 | NS      | $1677684.63   | 2.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Micron Technology Inc.         | MICRON TECH                          | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |      3871 | NS      | $1307778.64   | 1.61%             |  |  |  | No            | 1                  | On Loan: No      |
| Motorola Solutions Inc         | MOTOROLA SOLUTIO                     | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |      3504 | NS      | $1520630.88   | 1.87%             |  |  |  | No            | 1                  | On Loan: No      |
| Omnicom Group Inc              | OMNICOM GROUP                        | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |     20245 | NS      | $1524650.95   | 1.88%             |  |  |  | No            | 1                  | On Loan: —       |
| ON Semiconductor Corp.         | ON SEMICONDUCTOR                     | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |     27360 | NS      | $1694131.20   | 2.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Principal Financial Group Inc. | PRINCIPAL FINL                       | CUSIP: 74251V102<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | EC               | CORP              | US        |     18376 | NS      | $1655861.36   | 2.04%             |  |  |  | No            | 1                  | On Loan: No      |
| RBC Bearings Inc               | RBC BEARINGS INC                     | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2897 | NS      | $1573418.64   | 1.94%             |  |  |  | No            | 1                  | On Loan: No      |
| Ross Stores Inc                | ROSS STORES INC                      | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |      7614 | NS      | $1649420.82   | 2.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Sandisk Corporation            | SANDISK CORP                         | CUSIP: 80004C200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2473 | NS      | $1571195.82   | 1.93%             |  |  |  | No            | 1                  | On Loan: No      |
| Simon Property Group Inc       | SIMON PROPERTY                       | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |      8550 | NS      | $1594831.50   | 1.96%             |  |  |  | No            | 1                  | On Loan: No      |
| Tapestry Inc                   | TAPESTRY INC                         | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |     11146 | NS      | $1572812.06   | 1.94%             |  |  |  | No            | 1                  | On Loan: —       |
| Target Corp.                   | TARGET CORP                          | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |     13645 | NS      | $1653774.00   | 2.04%             |  |  |  | No            | 1                  | On Loan: —       |
| Teledyne Technologies Inc      | TELEDYNE TECH                        | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |      2473 | NS      | $1496189.73   | 1.84%             |  |  |  | No            | 1                  | On Loan: No      |
| Teradyne Inc.                  | TERADYNE INC                         | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |      5367 | NS      | $1591100.82   | 1.96%             |  |  |  | No            | 1                  | On Loan: No      |
| Verizon Communications Inc.    | VERIZON COMMUNIC                     | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     31981 | NS      | $1605446.20   | 1.98%             |  |  |  | No            | 1                  | On Loan: No      |
| Wabtec Corp                    | WABTEC CORP                          | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |      6589 | NS      | $1646656.99   | 2.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Warner Bros. Discovery Inc.    | WARNER BROS DISC                     | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |     58281 | NS      | $1600396.26   | 1.97%             |  |  |  | No            | 1                  | On Loan: No      |
| Western Digital Corp.          | WESTERN DIGITAL                      | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |      6030 | NS      | $1631054.70   | 2.01%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                            | MOUNT VERNON LIQUID ASSETS PORTFOLIO | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| TechnipFMC PLC                 | TECHNIPFMC PLC                       | CUSIP: G87110105<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |     25176 | NS      | $1740416.88   | 2.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Chubb Ltd. Switzerland         | CHUBB LTD                            | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |      5022 | NS      | $1636820.46   | 2.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Garmin Ltd                     | GARMIN LTD                           | CUSIP: H2906T109<br>LEI: 2549001E0HIPIJQ0W046 | Long             | EC               | CORP              | CH        |      6865 | NS      | $1592748.65   | 1.96%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

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

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

**Signature:** James Colantino

**Name of Signer:** James Colantino

**Title:** Treasurer