# EDGAR Filing Document

**Accession Number:** 0001314414
**File Stem:** 0000910472-25-006162
**Filing Date:** 2025-12
**Character Count:** 8308
**Document Hash:** 5b19cadcb57d5bfd882dedf123aa831e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-006162.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0000910472-25-006162

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251229

**DATE AS OF CHANGE**: 20251229

**PERIOD START**: 20260731

**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:** 251606156

**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

### Changing Parameters Fund (Series ID: S000013210)

| Class ID   | Class Name               | Ticker Symbol   |
|:---|:---|:---|
| C000035521 | Changing Parameters Fund | CPMPX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **CHANGING PARAMETERS FUND** | **CHANGING PARAMETERS FUND** | **CHANGING PARAMETERS FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **October 31, 2025** | **October 31, 2025** | **October 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **OPEN END FUNDS — 85.9%** | |
|  | **ALTERNATIVE - 8.8%** | |
| 79982 | JPMorgan Hedged Equity Fund, Class I | &nbsp;&nbsp;&nbsp; $2792176 |
| 140118 | JPMorgan Hedged Equity 2 Fund, Class I | &nbsp;&nbsp;&nbsp; 2765937 |
| 136068 | JPMorgan Hedged Equity 3 Fund, Class I | &nbsp;&nbsp;&nbsp; 2804367 |
|  |  | &nbsp;&nbsp; 8362480 |
|  | **FIXED INCOME - 77.1%** |  |
| 1251546 | American High-Income Municipal Bond Fund | &nbsp;&nbsp;&nbsp; 19211237 |
| 5147134 | BlackRock High Yield Portfolio, Institutional Class | &nbsp;&nbsp;&nbsp; 37265252 |
| 816577 | JPMorgan Preferred and Income Securities Fund, Class I | &nbsp;&nbsp;&nbsp; 8092279 |
| 934239 | PIMCO Emerging Markets Bond Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 8492229 |
|  |  | &nbsp;&nbsp; 73060997 |
|  | **TOTAL OPEN END FUNDS (Cost $78,450,745)** | &nbsp;&nbsp; 81423477 |
|  | **SHORT-TERM INVESTMENTS — 14.4%** |  |
|  | **MONEY MARKET FUNDS - 14.4%** |  |
| 13612773 | Federated Hermes Government Obligations Fund, Institutional Class, 4.00%<br> (Cost $13,612,773)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 13612773 |
|  | **TOTAL INVESTMENTS - 100.3% (Cost $92,063,518)** | &nbsp;&nbsp;&nbsp;$95036250 |
|  | **LIABILITIES IN EXCESS OF OTHER ASSETS - (0.3)%** | &nbsp;&nbsp;&nbsp;(239000) |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $94797250 |

---

<sup>(a)</sup> Rate disclosed is the seven day effective yield as of October 31, 2025.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** CINCINNATI

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

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

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

- **a. Name of Series:** Changing Parameters Fund

- **b. EDGAR series identifier (if any):** S000013210

- **c. LEI of Series:** 549300WNCRBLN2RZK749

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

- **a. Date of fiscal year-end:** 2026-07-31

- **b. Date as of which information is reported:** 2025-10-31

**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:** $95073084.07

**Total Liabilities:** $275834.07

**Net Assets:** $94797250.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000035521 | 0.75%                | 0.84%                | 0.65%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $313440.59               | $175314.30                                 |
| Month 2  | $0.00                    | $494349.10                                 |
| Month 3  | $0.00                    | $347724.06                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Jpmorgan Tr Iv                                   | JPM-PREF INC-I   | CUSIP: 46645V279<br>LEI: 549300OTMPZX852VDL37 | Long             | EC               | RF                | US        |    812962 | NS      | $8056449.47   | 8.50%             |  |  |  | No            |                  1 | On Loan: No      |
| JP Morgan Trust I                                | JPM-HDG EQTY-I   | CUSIP: 46637K281<br>LEI: 549300DM5WZMCZZ70R78 | Long             | EC               | RF                | US        |     79982 | NS      | $2792176.16   | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Jpmorgan Tr Iv                                   | JPM-HDG EQ 3-I   | CUSIP: 46645V329<br>LEI: 549300OTMPZX852VDL37 | Long             | EC               | RF                | US        |    136068 | NS      | $2804367.11   | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Jpmorgan Tr Iv                                   | JPM-HDG EQ 2-I   | CUSIP: 46645V378<br>LEI: 549300OTMPZX852VDL37 | Long             | EC               | RF                | US        |    140118 | NS      | $2765936.76   | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Money Market Obligations Trust                   | FH-GOVT OBL-IS   | CUSIP: 60934N104<br>LEI: 25490005VWJDWX717014 | Long             | STIV             | RF                | US        |  13612773 | PA      | $13612773.01  | 14.36%            |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Funds V                                | BLKR-HI YLD-INS  | CUSIP: 09260B630<br>LEI: 54930077DSFQPJDWM487 | Long             | EC               | RF                | US        |   5118514 | NS      | $37058039.82  | 39.09%            |  |  |  | No            |                  1 | On Loan: No      |
| American High-Income Municipal Bond Fund         | AF-H/I MUN-F3    | CUSIP: 026545806<br>LEI: N/A                  | Long             | EC               | RF                | US        |   1247292 | NS      | $19145928.84  | 20.20%            |  |  |  | No            |                  1 | On Loan: No      |
| PIMCO Funds Pacific Investment Management Series | PIMCO-E/M BD-INS | CUSIP: 693391559<br>LEI: N/A                  | Long             | EC               | RF                | US        |    928861 | NS      | $8443346.02   | 8.91%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-28

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

**Signature:** James Colantino

**Name of Signer:** James Colantino

**Title:** Treasurer