# EDGAR Filing Document

**Accession Number:** 0001314414
**File Stem:** 0000910472-26-002748
**Filing Date:** 2026-2
**Character Count:** 19941
**Document Hash:** c441ef7709945070f628965a78590a92
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-002748.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0000910472-26-002748

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Northern Lights Fund Trust
- **CENTRAL INDEX KEY:** 0001314414

**ORGANIZATION NAME:**
- **EIN:** 043023766
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21720
- **FILM NUMBER:** 26683175

**BUSINESS ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 631-470-2600

**MAIL ADDRESS:**
- **STREET 1:** 17605 WRIGHT STREET
- **STREET 2:** SUITE 200
- **CITY:** OMAHA
- **STATE:** NE
- **ZIP:** 68130

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Strategy Shares
- **DATE OF NAME CHANGE:** 20160223

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Mutual Fund & Variable Insurance Trust
- **DATE OF NAME CHANGE:** 20160223

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Northern Lights Fund Trust
- **DATE OF NAME CHANGE:** 20050121

## Series and Classes Contracts Data

### Ocean Park Tactical Bond Fund (Series ID: S000066392)

| Class ID   | Class Name                                          | Ticker Symbol   |
|:---|:---|:---|
| C000214242 | Ocean Park Tactical Bond Fund Investor Class Shares |  |
| C000214243 | Ocean Park Tactical Bond Fund Instl Class Shares    |  |
| C000214244 | Ocean Park Tactical Bond Fund Class A Shares        |  |
| C000214245 | Ocean Park Tactical Bond Fund Class C Shares        |  |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **OCEAN PARK TACTICAL BOND FUND** | **OCEAN PARK TACTICAL BOND FUND** | **OCEAN PARK TACTICAL BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **EXCHANGE-TRADED FUNDS — 59.4%** |  |
|  | **FIXED INCOME - 59.4%** |  |
| 131600 | BNY Mellon High Yield ETF | &nbsp;&nbsp;&nbsp; $6326012 |
| 1008700 | iShares 0-5 Year High Yield Corporate Bond ETF | &nbsp;&nbsp;&nbsp; 43242969 |
| 7609600 | iShares Broad USD High Yield Corporate Bond ETF | &nbsp;&nbsp;&nbsp; 284560991 |
| 2752900 | iShares iBoxx $ High Yield Corporate Bond ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 221966327 |
| 265700 | JPMorgan BetaBuilders USD High Yield Corporate Bond ETF | &nbsp;&nbsp;&nbsp; 12355050 |
| 128300 | PGIM Active High Yield Bond ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4552084 |
| 1906100 | SPDR Bloomberg High Yield Bond ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 185291981 |
| 3748100 | SPDR Portfolio High Yield Bond ETF | &nbsp;&nbsp;&nbsp; 88717527 |
| 1913900 | State Street SPDR Bloomberg Short Term High Yield | &nbsp;&nbsp;&nbsp; 48459948 |
| 812100 | VanEck Fallen Angel High Yield Bond ETF | &nbsp;&nbsp;&nbsp; 23847317 |
| 1155500 | Xtrackers USD High Yield Corporate Bond ETF | &nbsp;&nbsp;&nbsp; 42557065 |
|  | **TOTAL EXCHANGE-TRADED FUNDS (Cost $949,733,456)** | &nbsp;&nbsp; 961877271 |
|  | **OPEN END FUNDS — 40.2%** |  |
|  | **FIXED INCOME - 40.2%** |  |
| 3339 | Allspring Short-Term High Income Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 26408 |
| 1143059 | American Beacon SiM High Yield Opportunities Fund, Class Y | &nbsp;&nbsp;&nbsp; 10801910 |
| 1852940 | American Century High Income Fund, Class I | &nbsp;&nbsp;&nbsp; 16287341 |
| 63806334 | BlackRock High Yield Portfolio Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 460681732 |
| 4023178 | Eaton Vance Income Fund of Boston, Institutional Class | &nbsp;&nbsp;&nbsp; 21282614 |
| 19384 | Fidelity Capital & Income Fund, Class I | &nbsp;&nbsp;&nbsp; 210505 |
| 52288 | Fidelity High Income Fund, Class I | &nbsp;&nbsp;&nbsp; 423536 |
| 1249149 | MassMutual High Yield Fund, Class I | &nbsp;&nbsp;&nbsp; 10193059 |
| 13 | Metropolitan West High Yield Bond Fund, Class I | &nbsp;&nbsp;&nbsp; 121 |
| 0<sup>(d)</sup> | Neuberger Berman High Income Bond Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 1 |
| 4530 | Nuveen High Yield Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 40403 |
| 6672055 | Osterweis Strategic Income Fund, Class I | &nbsp;&nbsp;&nbsp; 74793736 |
| 8997804 | PGIM High Yield Fund, Class Z | &nbsp;&nbsp;&nbsp; 43729330 |
| 24980 | PGIM Short Duration High Yield Fund, Class Z | &nbsp;&nbsp;&nbsp; 211329 |
| 0<sup>(d)</sup> | PIMCO High Yield Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 1 |
| 0<sup>(d)</sup> | PIMCO High Yield Spectrum Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 0<sup>(e)</sup> |
| 4728 | Principal High Yield Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 31723 |
| 1279109 | RBC BlueBay High Yield Bond Fund, Class I | &nbsp;&nbsp;&nbsp; 12778295 |
|  | **TOTAL OPEN END FUNDS (Cost $640,592,235)** | &nbsp;&nbsp; 651492044 |

---

---

| | | |
|:---|:---|:---|
| **OCEAN PARK TACTICAL BOND FUND** | **OCEAN PARK TACTICAL BOND FUND** | **OCEAN PARK TACTICAL BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)(Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited)(Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited)(Continued)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Shares** | | **Fair Value** |
|  | **SHORT-TERM INVESTMENTS — 6.1%** |  |
|  | **COLLATERAL FOR SECURITIES LOANED - 5.7%** |  |
| 92269831 | First American Government Obligations Fund, Class X, 3.67%<sup>(b)(c)</sup> **(Cost $92,269,831)** | &nbsp;&nbsp;&nbsp; $92269831 |
|  | **MONEY MARKET FUND - 0.4%** |  |
| 5987169 | First American Government Obligations Fund, Class X, 3.67%<sup>(c)</sup> **(Cost $5,987,169)** | &nbsp;&nbsp;&nbsp; 5987169 |
|  | **TOTAL SHORT-TERM INVESTMENTS (Cost $98,257,000)** | 98257000 |
|  | **TOTAL INVESTMENTS - 105.7% (Cost $1,688,582,691)** | &nbsp;&nbsp;&nbsp; $1711626315 |
|  | **LIABILITIES IN EXCESS OF OTHER ASSETS - (5.7)%** | &nbsp;&nbsp; (91860333) |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $1619765982 |

---

---

| | |
|:---|:---|
| ETF | - Exchange-Traded Fund |
| SPDR | - Standard & Poor's Depositary Receipt |
| <sup>(a)</sup> | All or a portion of the security is on loan. The total value of the securities on loan was $89,701,974, as of December 31, 2025. |
| <sup>(b)</sup> | Security was purchased with cash received as collateral for securities on loan at December 31, 2025. Total collateral had a value of $92,269,831 at December 31, 2025. |
| <sup>(c)</sup> | Rate disclosed is the seven day effective yield as of December 31, 2025. |
| <sup>(d)</sup> | Less than one share. |
| <sup>(e)</sup> | Less than $1 USD. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Northern Lights Fund Trust

- **b. Investment Company Act file number:** 811-21720

- **c. CIK number of Registrant:** 0001314414

- **d. LEI of Registrant:** 549300BSYF57GRCG4861

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 225 PICTORIA DRIVE

  - **City:** CINCINNATI

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

  - **Telephone number:** 631-470-2600

**Item A.2. Information about the Series.**

- **a. Name of Series:** Ocean Park Tactical Bond Fund

- **b. EDGAR series identifier (if any):** S000066392

- **c. LEI of Series:** 549300P6MYV5EPWLXJ55

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1624593693.58

**Total Liabilities:** $4827711.67

**Net Assets:** $1619765981.91

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000214242 | -0.02%               | 0.49%                | 0.42%                |
| Class ID C000214243 | 0.01%                | 0.51%                | 0.49%                |
| Class ID C000214244 | -0.01%               | 0.50%                | 0.43%                |
| Class ID C000214245 | -0.07%               | 0.44%                | 0.36%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2210269.79              | $-10077653.64                              |
| Month 2  | $1832978.85              | $-660781.77                                |
| Month 3  | $3160119.93              | $-9764866.79                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| American Beacon Funds                            | A/B-SIM H/Y-Y            | CUSIP: 024524290<br>LEI: 549300EXCES9V5RWB620 | Long             | EC               | RF                | US        |   1136405 | NS      | $10739030.49  | 0.66%             |  |  |  | No            | 1                  | On Loan: No      |
| American Century Investment Trust                | AC-HI INC-Y              | CUSIP: 024932154<br>LEI: 549300RGSU9J1L1HFF90 | Long             | EC               | RF                | US        |   1842397 | NS      | $16194670.84  | 1.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Blackrock Funds V                                | BLKR-HI YLD-INS          | CUSIP: 09260B630<br>LEI: 54930077DSFQPJDWM487 | Long             | EC               | RF                | US        |  63440093 | NS      | $458037474.31 | 28.28%            |  |  |  | No            | 1                  | On Loan: No      |
| BNY Mellon ETF Trust                             | BNY MELLON HIGH          | CUSIP: 09661T800<br>LEI: 549300E2C8EQYJ7B0H81 | Long             | EC               | RF                | US        |    131600 | NS      | $6326012.00   | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| DBX ETF Trust                                    | XTRACKERS USD HI         | CUSIP: 233051432<br>LEI: DNLQXYGHEZ10Q9SIK386 | Long             | EC               | RF                | US        |   1155500 | NS      | $42557065.00  | 2.63%             |  |  |  | No            | 1                  | On Loan: No      |
| Eaton Vance Series Trust II                      | EV-INC FD B-INS          | CUSIP: 277907200<br>LEI: 549300SG4QXAFN8Y0697 | Long             | EC               | RF                | US        |   4002185 | NS      | $21171559.32  | 1.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Fidelity Summer Street Trust                     | FID-CAP & INC            | CUSIP: 316062108<br>LEI: P1TJ3M056NR1SYX5LY49 | Long             | EC               | RF                | US        |     19307 | NS      | $209672.09    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Fidelity Salem Street Trust                      | FID-HI INC               | CUSIP: 316146406<br>LEI: S4W85DGKOEJ24DPRB829 | Long             | EC               | RF                | US        |     52038 | NS      | $421505.54    | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| First American Funds Inc.                        | FRST AM-GV OB-X          | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   5987169 | PA      | $5987168.52   | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                              | FIRST AM GOVT OB FD CL X | CUSIP: 31846V336<br>LEI: N/A                  | Long             | STIV             |  | US        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| iShares Trust                                    | ISHARES IBOXX HI         | CUSIP: 464288513<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |   2752900 | NS      | $221966327.00 | 13.70%            |  |  |  | No            | 1                  | On Loan: —       |
| iShares Trust                                    | ISHARES 0-5 HY C         | CUSIP: 46434V407<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |   1008700 | NS      | $43242969.00  | 2.67%             |  |  |  | No            | 1                  | On Loan: No      |
| iShares Trust                                    | ISHARES BROAD US         | CUSIP: 46435U853<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |   7609600 | NS      | $284560992.00 | 17.57%            |  |  |  | No            | 1                  | On Loan: No      |
| J P Morgan Exchange Traded Fund Trust            | JPMORGAN BETABUI         | CUSIP: 46641Q878<br>LEI: 5493001E1K1DVWDV2464 | Long             | EC               | RF                | US        |    265700 | NS      | $12355050.00  | 0.76%             |  |  |  | No            | 1                  | On Loan: No      |
| Massmutual Premier Funds                         | MSSMTL-H/Y-I             | CUSIP: 57629H327<br>LEI: E8MCNB0YZSDBDPFJ3093 | Long             | EC               | RF                | US        |   1241610 | NS      | $10131534.43  | 0.63%             |  |  |  | No            | 1                  | On Loan: No      |
| Metropolitan West Funds                          | MW-H/Y BND-I             | CUSIP: 592905848<br>LEI: 549300KGDNJW6FXNDC82 | Long             | EC               | RF                | US        |        13 | NS      | $120.32       | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Neuberger Berman Income Funds                    | NB-HI INC BD-INS         | CUSIP: 64128K868<br>LEI: 54930087F7MMJ21RIJ90 | Long             | EC               | RF                | US        |         0 | NS      | $0.67         | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| PIMCO Funds Pacific Investment Management Series | PIMCO-H/Y-INS            | CUSIP: 693390841<br>LEI: N/A                  | Long             | EC               | RF                | US        |         0 | NS      | $1.10         | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| PGIM ETF Trust                                   | PGIM ACTIVE HIGH         | CUSIP: 69344A206<br>LEI: 549300OXS91LYTDQF355 | Long             | EC               | RF                | US        |    128300 | NS      | $4552084.00   | 0.28%             |  |  |  | No            | 1                  | On Loan: —       |
| PIMCO Funds                                      | PIMCO-HY SP-INS          | CUSIP: 72201W204<br>LEI: 5493003B5Y5GR0Y25Y76 | Long             | EC               | RF                | US        |         0 | NS      | $0.02         | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Principal Funds Inc                              | PRINC-H/Y-INS            | CUSIP: 74254U481<br>LEI: 549300HZGBXSW6DSXF23 | Long             | EC               | RF                | US        |      4700 | NS      | $31534.05     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Professionally Managed Portfolios                | OSTERWEISS ST-IN         | CUSIP: 742935489<br>LEI: 254900BPISCYGRJD2727 | Long             | EC               | RF                | US        |   6672055 | NS      | $74793735.84  | 4.62%             |  |  |  | No            | 1                  | On Loan: No      |
| Prudential Investment Portfolios Inc. 15         | PGIM-HI YLD-Z            | CUSIP: 74440Y801<br>LEI: 5493004GW6X6EIMPJD18 | Long             | EC               | RF                | US        |   8947440 | NS      | $43484556.95  | 2.68%             |  |  |  | No            | 1                  | On Loan: No      |
| Prudential Investment Portfolios Inc. 15         | PGIM-S/D H/Y-Z           | CUSIP: 74442J307<br>LEI: 5493004GW6X6EIMPJD18 | Long             | EC               | RF                | US        |     24851 | NS      | $210243.54    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Rbc Funds Trust                                  | RBC-BB US HY-I           | CUSIP: 74926P381<br>LEI: 549300456VUEP58RCU35 | Long             | EC               | RF                | US        |   1279109 | NS      | $12778294.73  | 0.79%             |  |  |  | No            | 1                  | On Loan: No      |
| SPDR Series Trust                                | SPDR BLOOMBERG S         | CUSIP: 78468R408<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |   1913900 | NS      | $48459948.00  | 2.99%             |  |  |  | No            | 1                  | On Loan: No      |
| SPDR Series Trust                                | SPDR PORT HY BD          | CUSIP: 78468R606<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |   3748100 | NS      | $88717527.00  | 5.48%             |  |  |  | No            | 1                  | On Loan: No      |
| SPDR Series Trust                                | SPDR BLOOMBERG H         | CUSIP: 78468R622<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |   1906100 | NS      | $185291981.00 | 11.44%            |  |  |  | No            | 1                  | On Loan: —       |
| Tiaa-Cref Fund                                   | NUVEEN HIGH YIEL         | CUSIP: 886315795<br>LEI: N/A                  | Long             | EC               | RF                | US        |      4505 | NS      | $40184.77     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| VanEck ETF Trust                                 | V/E F ANGL HI YL         | CUSIP: 92189F437<br>LEI: 549300ZLFKNTXC51ZN76 | Long             | EC               | RF                | US        |    812100 | NS      | $23847316.50  | 1.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Allspring Funds Trust                            | ALLSP-S/T HI-INS         | CUSIP: 94987W752<br>LEI: 549300XROIY0CTN7RZ24 | Long             | EC               | RF                | US        |      3322 | NS      | $26279.94     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| US BANK LINE OF CREDIT                           | US BANK LINE OF CREDIT   | CUSIP: N/A<br>LEI: N/A                        | Short            | DBT              | CORP              | US        |  -3074000 | PA      | $-3074000.00  | -0.19%            | N/A             | Fixed         | 0.00%                 | No            | N/A                | On Loan: No      |

### Signature

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

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

**Signature:** James Colantino

**Name of Signer:** James Colantino

**Title:** Treasurer