# EDGAR Filing Document

**Accession Number:** 0001518042
**File Stem:** 0000910472-25-001971
**Filing Date:** 2025-10
**Character Count:** 76788
**Document Hash:** 0d84c0366af11f4f3adf0bfc299f3b81
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-001971.hdr.sgml**: 20251003

**ACCESSION NUMBER**: 0000910472-25-001971

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251003

**DATE AS OF CHANGE**: 20251003

**PERIOD START**: 20260228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NORTHERN LIGHTS FUND TRUST II
- **CENTRAL INDEX KEY:** 0001518042

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22549
- **FILM NUMBER:** 251372224

**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:** 4221 NORTH 203RD STREET, SUITE 100
- **CITY:** ELKHORN
- **STATE:** NE
- **ZIP:** 68022

## Series and Classes Contracts Data

### PeakShares Sector Rotation ETF (Series ID: S000084644)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000249078 | PeakShares Sector Rotation ETF |  |

## 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 II

- **b. Investment Company Act file number:** 811-22549

- **c. CIK number of Registrant:** 0001518042

- **d. LEI of Registrant:** 549300TH7YXW5G2QY588

- **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:** PeakShares Sector Rotation ETF

- **b. EDGAR series identifier (if any):** S000084644

- **c. LEI of Series:** 529900FZ20I646PLB295

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

- **a. Date of fiscal year-end:** 2026-02-28

- **b. Date as of which information is reported:** 2025-08-31

**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:** $34716972.30

**Total Liabilities:** $1916510.58

**Net Assets:** $32800461.72

**Cash Not Reported:** $3553.80

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000249078 | 2.07%                | 0.07%                | 2.43%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $144971.30               | $1129630.37                                |
| Month 2  | $81353.25                | $225777.18                                 |
| Month 3  | $-11513.10               | $890650.60                                 |

**Designated Index Information**

- **Index Name:** S&P 500 (TR)

- **Index Identifier:** 500TR

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A                                          | XLB US 10/17/25 C90     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -8 | NC      | $-2984.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | ASML US 09/05/25 C752.5 | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -1 | NC      | $-576.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | PFE US 11/21/25 C25     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -15 | NC      | $-1530.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | XLC US 10/17/25 C105    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-6800.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | NVDA US 09/12/25 C170   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -2 | NC      | $-1406.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | ABT US 11/21/25 C135    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -6 | NC      | $-2670.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd.                   | ALIBABA GRP-ADR         | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |      1828 | NS      | $246780.00    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | XLF US 09/19/25 C52     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -50 | NC      | $-11500.00    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | XLU US 09/26/25 C82.5   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -5 | NC      | $-1487.50     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Select Sector Spdr Trust                     | SPDR-TECH SEL S         | CUSIP: 81369Y803<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |     12291 | NS      | $3225772.95   | 9.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust                     | SPDR-HEALTH CARE        | CUSIP: 81369Y209<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |     16931 | NS      | $2326827.33   | 7.09%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | XLV US 09/26/25 C138    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -5 | NC      | $-765.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | XLC US 09/26/25 C101    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -25 | NC      | $-26525.00    | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| Intel Corporation                            | INTEL CORP              | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |      5897 | NS      | $143591.95    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | T US 10/17/25 C28       | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-1690.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | PLTR US 11/21/25 C180   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -2 | NC      | $-1924.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America Corp.                        | BANK OF AMERICA         | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |      2540 | NS      | $128879.60    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | GEN US 10/17/25 C31     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -15 | NC      | $-975.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| iShares Trust                                | ISHARES TREASURY        | CUSIP: 46434V860<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      5927 | NS      | $300024.74    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | XLP US 09/19/25 C82     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -20 | NC      | $-840.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | GEN US 12/19/25 C31     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -15 | NC      | $-2250.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | ULTA US 09/26/25 C430   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -2 | NC      | $-13070.00    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | NVDA US 09/05/25 C130   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -5 | NC      | $-22140.00    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | TGT US 11/21/25 C110    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -5 | NC      | $-1105.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | GM US 10/17/25 C55      | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-4350.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | META US 09/05/25 C755   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -3 | NC      | $-984.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | XBI US 09/05/25 C92     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -7 | NC      | $-224.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | USB US 09/12/25 C44     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -20 | NC      | $-10050.00    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                  | VERIZON COMMUNIC        | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |      3108 | NS      | $137466.84    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | META US 09/19/25 C640   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -3 | NC      | $-29670.00    | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| AT&T Inc                                     | AT&T INC                | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |      4288 | NS      | $125595.52    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | PLTR US 09/19/25 C120   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -2 | NC      | $-7496.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | KHC US 09/05/25 C29     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -20 | NC      | $-280.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | THC US 11/21/25 C155    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -8 | NC      | $-26600.00    | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | AMZN US 09/05/25 C200   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -4 | NC      | $-11732.00    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | XLB US 12/19/25 C94     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-2480.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | XLV US 11/21/25 C140    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-2710.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | VGT US 09/19/25 C605    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -5 | NC      | $-46575.00    | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| Target Corp.                                 | TARGET CORP             | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |      1108 | NS      | $106345.84    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | XLK US 10/10/25 C255    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -7 | NC      | $-9030.00     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | XLRE US 09/19/25 C43    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -20 | NC      | $-600.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | XLY US 09/12/25 C205    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-27200.00    | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | XLI US 10/17/25 C150    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-4640.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | VZ US 09/05/25 C44      | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-490.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | XLF US 09/05/25 C51     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -50 | NC      | $-15750.00    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | XLU US 09/05/25 C86     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-90.00       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | TSLA US 10/17/25 C285   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -2 | NC      | $-11698.00    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Select Sector Spdr Trust                     | SPDR-CONS DISCRE        | CUSIP: 81369Y407<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |      5589 | NS      | $1295194.86   | 3.95%             |  |  |  | No            |                  1 | On Loan: No      |
| The Kraft Heinz Co.                          | KRAFT HEINZ CO/T        | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |      4336 | NS      | $121277.92    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | XLF US 11/21/25 C52     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -25 | NC      | $-7925.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| ASML Holding N.V.                            | ASML HOLDING-NY         | CUSIP: N07059210<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |       100 | NS      | $74262.00     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | CVX US 11/21/25 C160    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -5 | NC      | $-3700.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | PLTR US 09/05/25 C125   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -6 | NC      | $-19428.00    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| Alphabet Inc.                                | ALPHABET INC-C          | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      2315 | NS      | $494321.95    | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | GM US 10/03/25 C55      | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-4100.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Caterpillar Inc                              | CATERPILLAR INC         | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |        95 | NS      | $39808.80     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | GM US 09/26/25 C53      | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-5850.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | XLF US 09/26/25 C52     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -25 | NC      | $-5900.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | XLI US 09/19/25 C148    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-5150.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | XLU US 10/17/25 C83     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -25 | NC      | $-6875.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | NVDA US 11/21/25 C140   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -5 | NC      | $-18910.00    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | TSLA US 09/26/25 C280   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -2 | NC      | $-12192.00    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | XLRE US 11/21/25 C44    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -20 | NC      | $-940.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | GOOG US 09/12/25 C190   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -7 | NC      | $-17465.00    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | XLRE US 09/19/25 C41    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -20 | NC      | $-2980.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | DAL US 12/19/25 C65     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-4550.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | UAL US 09/19/25 C82.5   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -5 | NC      | $-11375.00    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Adobe Inc                                    | ADOBE INC               | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |       308 | NS      | $109863.60    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | SMH US 10/17/25 C230    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -5 | NC      | $-32135.00    | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | XLK US 09/26/25 C257.5  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -8 | NC      | $-7440.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Lockheed Martin Corporation                  | LOCKHEED MARTIN         | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |       302 | NS      | $137600.26    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | XLP US 09/26/25 C82.5   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-280.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | XLC US 12/19/25 C106    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-8300.00     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | XLK US 09/26/25 C220    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -20 | NC      | $-86450.00    | -0.26%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | XLB US 09/19/25 C89     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -7 | NC      | $-2611.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | XLF US 09/12/25 C52     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -25 | NC      | $-5750.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Abbott Laboratories                          | ABBOTT LABS             | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |      1200 | NS      | $159192.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | KO US 11/21/25 C72.5    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-970.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Gen Digital Inc                              | GEN DIGITAL INC         | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |      5432 | NS      | $164046.40    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | MU US 09/19/25 C105     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -6 | NC      | $-8838.00     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | NVO US 11/21/25 C50     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -5 | NC      | $-4520.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                           | META PLATFORMS-A        | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |       626 | NS      | $462426.20    | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | XLF US 10/17/25 C52     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -25 | NC      | $-6550.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | XLP US 11/21/25 C83     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -20 | NC      | $-2170.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | XLRE US 11/21/25 C42    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-1380.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | XLK US 10/17/25 C220    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -25 | NC      | $-110687.50   | -0.34%            |  |  |  | No            |                  2 | On Loan: No      |
| BBH SWEEP VEHICLE                            | BBH SWEEP VEHICLE       | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |    291269 | PA      | $291269.10    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust                     | SPDR-COMM SERV          | CUSIP: 81369Y852<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |     19792 | NS      | $2204630.88   | 6.72%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | AAPL US 09/12/25 C210   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -5 | NC      | $-11385.00    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | NVDA US 09/19/25 C175   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -2 | NC      | $-1090.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | ZTS US 09/19/25 C155    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -4 | NC      | $-1800.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | XLF US 10/17/25 C51     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -25 | NC      | $-9000.00     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Pfizer Inc.                                  | PFIZER INC              | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |      3073 | NS      | $76087.48     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | VZ US 09/19/25 C44      | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-880.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Delta Air Lines Inc.                         | DELTA AIR LI            | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |      2155 | NS      | $133135.90    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | T US 10/17/25 C26       | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-3500.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Merck & Co., Inc                             | MERCK & CO              | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |      1655 | NS      | $139218.60    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | AMD US 09/05/25 C110    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -5 | NC      | $-26680.00    | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| Salesforce Inc.                              | SALESFORCE INC          | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |       489 | NS      | $125306.25    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty Inc                              | ULTA BEAUTY INC         | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |       363 | NS      | $178860.99    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | VGT US 11/21/25 C600    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -15 | NC      | $-159330.00   | -0.49%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | MCD US 09/19/25 C300    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -4 | NC      | $-5228.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Dominos Pizza Inc.                           | DOMINO'S PIZZA          | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |       344 | NS      | $157655.20    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                              | ELI LILLY & CO          | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |       258 | NS      | $189005.64    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | NVDA US 09/26/25 C180   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -2 | NC      | $-840.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | WMT US 11/21/25 C100    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -2 | NC      | $-608.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Vanguard World Fund                          | VANGUARD INF T E        | CUSIP: 92204A702<br>LEI: 549300MP6BT0L4Q61L10 | Long             | EC               | RF                | US        |      5078 | NS      | $3539467.56   | 10.79%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | LLY US 09/05/25 C765    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -1 | NC      | $-121.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | XLC US 10/10/25 C107    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -25 | NC      | $-13250.00    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Select Sector Spdr Trust                     | SPDR-INDU SELECT        | CUSIP: 81369Y704<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |     11243 | NS      | $1709048.43   | 5.21%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | XLP US 09/12/25 C82     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-240.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Coca-Cola Co (The)                           | COCA-COLA CO/THE        | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |      2214 | NS      | $152743.86    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | XLK US 09/26/25 C250    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -5 | NC      | $-8050.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| RTX Corp.                                    | RTX CORP                | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |       200 | NS      | $31720.00     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | CB US 11/21/25 C285     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -3 | NC      | $-1725.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | XLI US 09/19/25 C138    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -15 | NC      | $-21375.00    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | ABBV US 09/19/25 C200   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -3 | NC      | $-3543.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| The Boeing Company                           | BOEING CO/THE           | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |       700 | NS      | $164276.00    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | GOOG US 09/26/25 C180   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -5 | NC      | $-17200.00    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | PLTR US 10/17/25 C125   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -3 | NC      | $-10086.00    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | BAC US 09/19/25 C47     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -5 | NC      | $-1875.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Tesla Inc                                    | TESLA INC               | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |       446 | NS      | $148906.02    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | XLF US 09/05/25 C51.5   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -25 | NC      | $-6150.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | XLV US 10/17/25 C140    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -20 | NC      | $-3160.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | XLC US 09/19/25 C102    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -20 | NC      | $-19100.00    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | XBI US 09/26/25 C87     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -5 | NC      | $-2187.50     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | XLY US 09/05/25 C210    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-22000.00    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | XLF US 09/12/25 C50     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -50 | NC      | $-20625.00    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| Chevron Corp.                                | CHEVRON CORP            | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1049 | NS      | $168469.40    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                            | EXXON MOBIL CORP        | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      1000 | NS      | $114290.00    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc.                               | CITIGROUP INC           | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |      1320 | NS      | $127472.40    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| SiriusXM Holdings Inc                        | SIRIUS XM HOLDIN        | CUSIP: 829933100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2319 | NS      | $54821.16     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | XLC US 09/12/25 C101    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -5 | NC      | $-5275.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | XLP US 09/05/25 C82.5   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-30.00       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | NVDA US 09/19/25 C140   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -5 | NC      | $-17170.00    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Schlumberger Limited                         | SCHLUMBERGER LTD        | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |      3617 | NS      | $133250.28    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis Inc.                                  | ZOETIS INC              | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |       873 | NS      | $136537.20    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica Inc.                     | LULULEMON ATH           | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |       300 | NS      | $60660.00     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | XLY US 10/17/25 C210    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-24000.00    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd. | TAIWAN SEMIC-ADR        | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |        93 | NS      | $21470.91     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | XLE US 09/30/25 C93     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-810.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Nike, Inc.                                   | NIKE INC -CL B          | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |      1009 | NS      | $78066.33     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd.                                   | CHUBB LTD               | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |       553 | NS      | $152113.71    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| On Holding AG                                | ON HOLDING AG-A         | CUSIP: H5919C104<br>LEI: N/A                  | Long             | EC               | CORP              | CH        |      7744 | NS      | $349099.52    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | XLV US 09/19/25 C138    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-1450.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Novo Nordisk A/S                             | NOVO-NORDISK-ADR        | CUSIP: 670100205<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |      4642 | NS      | $262087.32    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | XLI US 10/03/25 C145    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-8100.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | AMZN US 09/12/25 C215   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -4 | NC      | $-5920.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Broadcom Inc                                 | BROADCOM INC            | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |        20 | NS      | $5947.80      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | AMD US 11/21/25 C140    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-29050.00    | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | OXY US 09/19/25 C46     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-2190.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corporation                 | TENET HEALTHCARE        | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |      1045 | NS      | $192624.85    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | NVDA US 09/12/25 C165   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -5 | NC      | $-5450.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Micron Technology Inc.                       | MICRON TECH             | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |      1640 | NS      | $195176.40    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | CRM US 10/17/25 C280    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -4 | NC      | $-2560.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | DAL US 09/05/25 C50     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -2 | NC      | $-2305.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Wisdomtree Trust                             | WISDOMTREE FLOAT        | CUSIP: 97717Y527<br>LEI: 549300SEVJBU47TE8855 | Long             | EC               | RF                | US        |      5945 | NS      | $298974.05    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | JPM US 09/05/25 C260    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -4 | NC      | $-16880.00    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | XLK US 12/19/25 C220    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -15 | NC      | $-70200.00    | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                         | JPMORGAN CHASE          | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |       523 | NS      | $157642.66    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust                     | REAL EST SEL SEC        | CUSIP: 81369Y860<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |     15858 | NS      | $670951.98    | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | BAC US 09/12/25 C46     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-4870.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | XLE US 10/17/25 C90     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-2520.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | XLK US 10/17/25 C255    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-12850.00    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | MU US 09/19/25 C110     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -7 | NC      | $-7406.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| United Parcel Service, Inc.                  | UNITED PARCEL-B         | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |      1391 | NS      | $121629.04    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | GM US 09/26/25 C52      | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-6775.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | XLP US 09/05/25 C81.5   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-150.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | XLF US 09/12/25 C51.5   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -50 | NC      | $-13300.00    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Select Sector Spdr Trust                     | SPDR-MATERIALS          | CUSIP: 81369Y100<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |      6411 | NS      | $591607.08    | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | XLV US 11/21/25 C145    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-1080.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Select Sector Spdr Trust                     | SPDR-UTIL SELECT        | CUSIP: 81369Y886<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |     10316 | NS      | $869845.12    | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | INTC US 11/21/25 C30    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -20 | NC      | $-1580.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | GM US 09/12/25 C54      | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-4450.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Microsoft Corp.                              | MICROSOFT CORP          | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |       353 | NS      | $178861.57    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust                     | SPDR-FINL SELECT        | CUSIP: 81369Y605<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |     66999 | NS      | $3617276.01   | 11.03%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | GEN US 09/19/25 C30     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -15 | NC      | $-1050.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Electronic Arts Inc.                         | ELECTRONIC ARTS         | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |      1105 | NS      | $190004.75    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | XLF US 09/30/25 C52     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -25 | NC      | $-5850.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | BA US 11/21/25 C190     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -6 | NC      | $-30960.00    | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | AMD US 09/12/25 C165    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -5 | NC      | $-2000.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | XLI US 09/26/25 C139    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-13300.00    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | EA US 10/17/25 C155     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -4 | NC      | $-7800.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| General Motors Company                       | GENERAL MOTORS C        | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |      6632 | NS      | $388568.88    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | XLU US 09/12/25 C83     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-1960.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Advanced Micro Devices Inc.                  | ADV MICRO DEVICE        | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |      2767 | NS      | $449997.21    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Series Trust                            | SPDR BLOOMBERG 1        | CUSIP: 78468R663<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |      3272 | NS      | $300271.44    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | XLY US 09/26/25 C215    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -5 | NC      | $-9025.00     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| U.S. Bancorp.                                | US BANCORP              | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |      3090 | NS      | $150884.70    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | XLE US 09/30/25 C90     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-2100.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | NVDA US 09/19/25 C170   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -5 | NC      | $-4130.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | XLV US 10/17/25 C137    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -5 | NC      | $-1495.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Palantir Technologies Inc                    | PALANTIR TECHN-A        | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |      1300 | NS      | $203723.00    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | GOOG US 09/12/25 C180   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -7 | NC      | $-23954.00    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| SPDR Series Trust                            | SPDR S&P BIOTECH        | CUSIP: 78464A870<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |      1907 | NS      | $171343.95    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | VGT US 12/19/25 C715    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -5 | NC      | $-12200.00    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Apple Inc.                                   | APPLE INC               | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      1147 | NS      | $266264.58    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                             | AMAZON.COM INC          | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |       935 | NS      | $214115.00    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | EA US 11/21/25 C155     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -5 | NC      | $-10525.00    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| CVS Health Corp                              | CVS HEALTH CORP         | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |       795 | NS      | $58154.25     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc.                                  | ABBVIE INC              | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |       388 | NS      | $81635.20     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | NKE US 10/17/25 C70     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -7 | NC      | $-6328.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Fortinet Inc                                 | FORTINET INC            | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |       904 | NS      | $71208.08     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | AMD US 09/05/25 C140    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -5 | NC      | $-11310.00    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| United Airlines Holdings Inc                 | UNITED AIRLINES         | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |       622 | NS      | $65310.00     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust                     | SPDR-CONS STAPLE        | CUSIP: 81369Y308<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |     22190 | NS      | $1792508.20   | 5.46%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | XLP US 10/17/25 C82     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -20 | NC      | $-1560.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Netflix, Inc.                                | NETFLIX INC             | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |       100 | NS      | $120825.00    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| VanEck ETF Trust                             | V/E SEMICONDUCT         | CUSIP: 92189F676<br>LEI: 549300ZLFKNTXC51ZN76 | Long             | EC               | RF                | US        |      1000 | NS      | $290290.00    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | SMH US 11/21/25 C235    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -5 | NC      | $-29962.50    | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| Select Sector Spdr Trust                     | SPDR-ENERGY SEL         | CUSIP: 81369Y506<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |     10672 | NS      | $964642.08    | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | C US 10/17/25 C85       | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -7 | NC      | $-9289.00     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | XLP US 12/19/25 C84     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-975.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | MSFT US 10/17/25 C470   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -2 | NC      | $-8890.00     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | DPZ US 12/19/25 C460    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -3 | NC      | $-8535.00     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | MRK US 09/26/25 C85     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -6 | NC      | $-1074.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | VGT US 11/21/25 C605    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -5 | NC      | $-51075.00    | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | BABA US 09/05/25 C125   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-10400.00    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | XOM US 09/12/25 C108    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -5 | NC      | $-3275.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Walmart Inc                                  | WALMART INC             | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |       279 | NS      | $27057.42     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp.                   | OCCIDENTAL PETE         | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |      2616 | NS      | $124547.76    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp.                             | MCDONALDS CORP          | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |       471 | NS      | $147677.34    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | XLC US 09/26/25 C103    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -20 | NC      | $-17040.00    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | XLF US 09/19/25 C51     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -25 | NC      | $-8000.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | C US 10/17/25 C97.5     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -5 | NC      | $-2025.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | XLF US 11/21/25 C53     | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -25 | NC      | $-6100.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | AAPL US 09/19/25 C205   | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -5 | NC      | $-14155.00    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                      | UNITEDHEALTH GRP        | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      1035 | NS      | $320715.45    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                                 | NVIDIA CORP             | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      3342 | NS      | $582109.56    | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | VGT US 09/19/25 C600    | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |       -10 | NC      | $-98020.00    | -0.30%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | NFLX US 09/26/25 C1120  | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |        -1 | NC      | $-10037.50    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-26

**Name of Applicant:** NORTHERN LIGHTS FUND TRUST II

**Signature:** Erik Naviloff

**Name of Signer:** Erik Naviloff

**Title:** Treasurer