# EDGAR Filing Document

**Accession Number:** 0001314414
**File Stem:** 0000910472-25-003482
**Filing Date:** 2025-11
**Character Count:** 11936
**Document Hash:** c49481ca055d8b153069da095daefb72
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-003482.hdr.sgml**: 20251119

**ACCESSION NUMBER**: 0000910472-25-003482

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251119

**DATE AS OF CHANGE**: 20251119

**PERIOD START**: 20251231

**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:** 251497779

**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

### BTS Managed Income Fund (Series ID: S000061476)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000199071 | BTS Managed Income Fund Class A Shares | BTSAX           |
| C000199072 | BTS Managed Income Fund Class C Shares | BTSCX           |
| C000199073 | BTS Managed Income Fund Class I Shares | BTSIX           |
| C000199074 | BTS Managed Income Fund Class R Shares | BTSRX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **BTS MANAGED INCOME FUND** | **BTS MANAGED INCOME FUND** | **BTS MANAGED INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **EXCHANGE-TRADED FUNDS — 97.4%** | |
|  | **EQUITY - 23.4%** | |
| 3215 | Energy Select Sector SPDR Fund | &nbsp;&nbsp;&nbsp; $287228 |
| 5065 | Invesco S&P 500 High Dividend Low Volatility ETF | &nbsp;&nbsp;&nbsp; 250464 |
| 10013 | JPMorgan Equity Premium Income ETF | &nbsp;&nbsp;&nbsp; 571743 |
| 2778 | ProShares S&P 500 Dividend Aristocrats ETF | &nbsp;&nbsp;&nbsp; 286328 |
| 1327 | Vanguard Dividend Appreciation ETF | &nbsp;&nbsp;&nbsp; 286353 |
|  |  | &nbsp;&nbsp; 1682116 |
|  | **FIXED INCOME - 74.0%** |  |
| 13647 | Invesco Senior Loan ETF | &nbsp;&nbsp;&nbsp; 285632 |
| 5163 | iShares 1-3 Year Treasury Bond ETF | &nbsp;&nbsp;&nbsp; 428322 |
| 4439 | iShares 7-10 Year Treasury Bond ETF | &nbsp;&nbsp;&nbsp; 428186 |
| 23155 | iShares Broad USD High Yield Corporate Bond ETF | &nbsp;&nbsp;&nbsp; 874796 |
| 16934 | iShares Treasury Floating Rate Bond ETF | &nbsp;&nbsp;&nbsp; 856691 |
| 8434 | Janus Henderson AAA CLO ETF | &nbsp;&nbsp;&nbsp; 428279 |
| 11861 | Janus Henderson B-BBB CLO ETF | &nbsp;&nbsp;&nbsp; 571344 |
| 3164 | SPDR Bloomberg Convertible Securities ETF | &nbsp;&nbsp;&nbsp; 286342 |
| 11161 | SPDR Bloomberg Short Term High Yield Bond ETF | &nbsp;&nbsp;&nbsp; 285722 |
| 23576 | Xtrackers USD High Yield Corporate Bond ETF | &nbsp;&nbsp;&nbsp; 874905 |
|  |  | &nbsp;&nbsp; 5320219 |
|  | **TOTAL EXCHANGE-TRADED FUNDS (Cost $6,895,701)** | &nbsp;&nbsp; 7002335 |
|  | **SHORT-TERM INVESTMENT — 4.5%** |  |
|  | **MONEY MARKET FUND - 4.5%** |  |
| 324286 | Fidelity Investments Money Market Government Portfolio, Class I, 4.04%<sup>(a)</sup> (Cost $324,286) | 324286 |
|  | **TOTAL INVESTMENTS - 101.9% (Cost $7,219,987)** | &nbsp;&nbsp;&nbsp; $7326621 |
|  | **LIABILITIES IN EXCESS OF OTHER ASSETS - (1.9)%** | &nbsp;&nbsp; (135594) |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $7191027 |

---

CLO - Collateralized Loan Obligation <br> ETF - Exchange-Traded Fund

SPDR - Standard & Poor's Depositary Receipt <br>

<sup>(a)</sup> Rate disclosed is the seven day effective yield as of September 30, 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:** BTS Managed Income Fund

- **b. EDGAR series identifier (if any):** S000061476

- **c. LEI of Series:** 5493005OTOFIAO8FP250

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**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:** $8552240.33

**Total Liabilities:** $1361213.55

**Net Assets:** $7191026.78

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000199073 | 0.73%                | 0.93%                | 0.39%                |
| Class ID C000199074 | 0.62%                | 1.03%                | 0.37%                |
| Class ID C000199071 | 0.62%                | 1.03%                | 0.33%                |
| Class ID C000199072 | 0.62%                | 0.93%                | 0.35%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.01                    | $29775.94                                  |
| Month 2  | $48617.00                | $-1063.70                                  |
| Month 3  | $10693.31                | $-4993.76                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| iShares Trust                         | ISHARES BROAD US          | CUSIP: 46435U853<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     23155 | NS      | $874795.90    | 12.17%            |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Exchange Traded Fund Trust II | INVESCO S&P 500 HIGH DIVI | CUSIP: 46138E362<br>LEI: O540V2L4S174Y60FMD36 | Long             | EC               | RF                | US        |      5065 | NS      | $250464.25    | 3.48%             |  |  |  | No            |                  1 | On Loan: No      |
| DBX ETF Trust                         | XTRACKERS USD HI          | CUSIP: 233051432<br>LEI: DNLQXYGHEZ10Q9SIK386 | Long             | EC               | RF                | US        |     23576 | NS      | $874905.36    | 12.17%            |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Series Trust                     | SPDR BLOOMBERG S          | CUSIP: 78468R408<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |     11161 | NS      | $285721.60    | 3.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust              | SPDR-ENERGY SEL           | CUSIP: 81369Y506<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |      3215 | NS      | $287228.10    | 3.99%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                         | ISHARES TREASURY          | CUSIP: 46434V860<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     16934 | NS      | $856691.06    | 11.91%            |  |  |  | No            |                  1 | On Loan: No      |
| Janus Detroit Street Trust            | JANUS HEN B CL E          | CUSIP: 47103U753<br>LEI: 5493003MM7OCK5UJW595 | Long             | EC               | RF                | US        |     11861 | NS      | $571344.37    | 7.95%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                         | ISHARES 7-10 YEA          | CUSIP: 464287440<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      4439 | NS      | $428185.94    | 5.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Specialized Funds            | VANGUARD DVD A E          | CUSIP: 921908844<br>LEI: 549300OM0CLBHZ9MZW59 | Long             | EC               | RF                | US        |      1327 | NS      | $286353.33    | 3.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Colchester Street Trust      | FID-MM GOVT-I             | CUSIP: 316175108<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |    324286 | PA      | $324286.11    | 4.51%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Series Trust                     | SPDR BLOOMBERG C          | CUSIP: 78464A359<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |      3164 | NS      | $286342.00    | 3.98%             |  |  |  | No            |                  1 | On Loan: No      |
| ProShares Trust                       | PROSHARES S&P 500 DIVIDEN | CUSIP: 74348A467<br>LEI: 5493005D9DS7C1P5AM59 | Long             | EC               | RF                | US        |      2778 | NS      | $286328.46    | 3.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus Detroit Street Trust            | JAN HEND AAA CLO          | CUSIP: 47103U845<br>LEI: 5493003MM7OCK5UJW595 | Long             | EC               | RF                | US        |      8434 | NS      | $428278.52    | 5.96%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                         | ISHARES 1-3 YEAR          | CUSIP: 464287457<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      5163 | NS      | $428322.48    | 5.96%             |  |  |  | No            |                  1 | On Loan: No      |
| J P Morgan Exchange Traded Fund Trust | JPM EQTY P-INC            | CUSIP: 46641Q332<br>LEI: 5493001E1K1DVWDV2464 | Long             | EC               | RF                | US        |     10013 | NS      | $571742.30    | 7.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Exchange Traded Fund Trust II | INVESCO SENIOR L          | CUSIP: 46138G508<br>LEI: O540V2L4S174Y60FMD36 | Long             | EC               | RF                | US        |     13647 | NS      | $285631.71    | 3.97%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-28

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

**Signature:** James Colantino

**Name of Signer:** James Colantino

**Title:** Treasurer