# EDGAR Filing Document

**Accession Number:** 0001518042
**File Stem:** 0000910472-25-002557
**Filing Date:** 2025-10
**Character Count:** 25914
**Document Hash:** 810c30d7a1de37de56f2e143b71ad803
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-002557.hdr.sgml**: 20251029

**ACCESSION NUMBER**: 0000910472-25-002557

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251029

**DATE AS OF CHANGE**: 20251029

**PERIOD START**: 20260531

**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:** 251428376

**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

### Weitz Core Plus Bond ETF (Series ID: S000094334)

| Class ID   | Class Name               | Ticker Symbol   |
|:---|:---|:---|
| C000262836 | Weitz Core Plus Bond ETF |  |

## Nport-Ex

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **WEITZ CORE PLUS BOND ETF** | **WEITZ CORE PLUS BOND ETF** | **WEITZ CORE PLUS BOND ETF** | **WEITZ CORE PLUS BOND ETF** | **WEITZ CORE PLUS BOND ETF** | **WEITZ CORE PLUS BOND ETF** |
| **SCHEDULE OF INVESTMENTS** **(Unaudited)** | **SCHEDULE OF INVESTMENTS** **(Unaudited)** | **SCHEDULE OF INVESTMENTS** **(Unaudited)** | **SCHEDULE OF INVESTMENTS** **(Unaudited)** | **SCHEDULE OF INVESTMENTS** **(Unaudited)** | **SCHEDULE OF INVESTMENTS** **(Unaudited)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** | **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Principal Amount ($)** |  | **Spread** | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **ASSET BACKED SECURITIES** **—** **9.4%** | **ASSET BACKED SECURITIES** **—** **9.4%** |  |  |  |
|  | **CLO** — **5.2%** | **CLO** — **5.2%** |  |  |  |
| 50000 | BSPRT 2021-FL6 Issuer Ltd. Series FL6 D<sup>(a),(b)</sup> | TSFR1M + 3.114% | 7.4780 | 03/15/36 | $50211 |
| 50000 | BSPRT 2022-FL8 Issuer Ltd. Series FL8 C<sup>(a),(b)</sup> | SOFR30A + 2.300% | 6.6430 | 02/15/37 | 49976 |
| 75000 | GPMT 2021-FL3 Ltd. Series FL3 AS<sup>(a),(b)</sup> | TSFR1M + 1.964% | 6.3240 | 07/16/35 | 74898 |
| 50000 | LoanCore 2021-CRE5 Issuer Ltd. Series CRE5 AS<sup>(a),(b)</sup> | TSFR1M + 1.864% | 6.2280 | 07/15/36 | 50179 |
| 50000 | STWD 2022-FL3 Ltd. Series FL3 AS<sup>(a),(b)</sup> | SOFR30A + 1.800% | 6.1430 | 11/15/38 | 50175 |
| 50000 | TRTX 2022-FL5 Issuer Ltd. Series FL5 AS<sup>(a),(b)</sup> | TSFR1M + 2.150% | 6.5130 | 02/15/39 | 50138 |
|  |  |  |  |  | 325577 |
|  | **COLLATERALIZED MORTGAGE OBLIGATIONS** — **4.2%** | **COLLATERALIZED MORTGAGE OBLIGATIONS** — **4.2%** |  |  |  |
| 262263 | JP Morgan Mortgage Trust Series 2024-5 Series 5 A6<sup>(a),(c)</sup> |  | 6.0000 | 11/25/54 | 264011 |
|  | **TOTAL ASSET BACKED SECURITIES (Cost $588,550)** | **TOTAL ASSET BACKED SECURITIES (Cost $588,550)** |  |  | 589588 |
| **Principal Amount ($)** |  |  | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS** **—** **10.3%** | **CORPORATE BONDS** **—** **10.3%** |  |  |  |
|  | **ADVERTISING & MARKETING** — **0.8%** | **ADVERTISING & MARKETING** — **0.8%** |  |  |  |
| 50000 | Stagwell Global, LLC<sup>(a)</sup> |  | 5.6250 | 08/15/29 | 48266 |
|  | **HOME & OFFICE PRODUCTS** — **3.2%** | **HOME & OFFICE PRODUCTS** — **3.2%** |  |  |  |
| 50000 | Newell Brands, Inc. |  | 6.3750 | 05/15/30 | 49436 |
| 50000 | Newell Brands, Inc. |  | 6.6250 | 05/15/32 | 48932 |
| 100000 | Whirlpool Corporation |  | 6.5000 | 06/15/33 | 100793 |
|  |  |  |  |  | 199161 |
|  | **MACHINERY** — **0.4%** | **MACHINERY** — **0.4%** |  |  |  |
| 25000 | Manitowoc Company, Inc. (The)<sup>(a)</sup> |  | 9.2500 | 10/01/31 | 26344 |
|  | **METALS & MINING** — **0.7%** | **METALS & MINING** — **0.7%** |  |  |  |
| 50000 | SunCoke Energy, Inc.<sup>(a)</sup> |  | 4.8750 | 06/30/29 | 45700 |
|  | **OIL & GAS PRODUCERS** — **0.4%** | **OIL & GAS PRODUCERS** — **0.4%** |  |  |  |
| 25000 | Global Partners LP / GLP Finance Corp<sup>(a)</sup> |  | 7.1250 | 07/01/33 | 25607 |
|  | **SOFTWARE** — **1.6%** | **SOFTWARE** — **1.6%** |  |  |  |
| 100000 | Pagaya US Holdings Company, LLC<sup>(a)</sup> |  | 8.8750 | 08/01/30 | 100507 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **WEITZ CORE PLUS BOND ETF** | **WEITZ CORE PLUS BOND ETF** | **WEITZ CORE PLUS BOND ETF** | **WEITZ CORE PLUS BOND ETF** | **WEITZ CORE PLUS BOND ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Principal Amount ($)** |  | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 10.3% (Continued)** |  |  |  |
|  | **SPECIALTY FINANCE** — **3.2%** |  |  |  |
| 100000 | Atlas Warehouse Lending Company, L.P.<sup>(a)</sup> | 6.2500 | 01/15/30 | $102426 |
| 100000 | Rithm Capital Corporation<sup>(a)</sup> | 8.0000 | 04/01/29 | 102462 |
|  |  |  |  | 204888 |
|  | **TOTAL CORPORATE BONDS (Cost $646,089)** |  |  | 650473 |
| **Principal Amount ($)** |  | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **U.S. GOVERNMENT & AGENCIES** **—** **66.9%** |  |  |  |
|  | **AGENCY FIXED RATE** — **38.8%** |  |  |  |
| 185214 | Fannie Mae Pool MA5070 | 4.5000 | 07/01/53 | 178615 |
| 202676 | Fannie Mae Pool MA5294 | 5.0000 | 03/01/54 | 200046 |
| 104690 | Fannie Mae Pool MA5352 | 5.0000 | 05/01/54 | 103332 |
| 110867 | Fannie Mae Pool MA5419 | 5.0000 | 07/01/54 | 109538 |
| 215281 | Fannie Mae Pool MA5495 | 4.5000 | 10/01/54 | 207285 |
| 209219 | Fannie Mae Pool MA5530 | 5.0000 | 11/01/54 | 206504 |
| 100490 | Fannie Mae Pool MA5585 | 5.0000 | 01/01/55 | 99192 |
| 197477 | Fannie Mae Pool MA5613 | 5.0000 | 02/01/55 | 194915 |
| 179818 | Freddie Mac Pool SD8244 | 4.0000 | 09/01/52 | 168214 |
| 213366 | Freddie Mac Pool SD8340 | 4.5000 | 07/01/53 | 205635 |
| 219343 | Freddie Mac Pool SD8347 | 4.5000 | 08/01/53 | 211438 |
| 179918 | Freddie Mac Pool SD8360 | 4.5000 | 09/01/53 | 173359 |
| 159002 | Freddie Mac Pool SD6706 | 4.5000 | 01/01/54 | 153304 |
| 233902 | Freddie Mac Pool SD7379 | 5.5000 | 01/01/55 | 235438 |
|  |  |  |  | 2446815 |
|  | **U.S. TREASURY** **BONDS** — **28.1%** |  |  |  |
| 300000 | United States Treasury Bond | 4.3750 | 11/15/39 | 293168 |
| 400000 | United States Treasury Bond | 4.6250 | 02/15/40 | 400845 |
| 250000 | United States Treasury Bond | 4.3750 | 05/15/40 | 243359 |
| 100000 | United States Treasury Bond | 4.7500 | 11/15/43 | 99105 |
| 300000 | United States Treasury Bond | 4.6250 | 11/15/44 | 291117 |
| 350000 | United States Treasury Bond | 4.7500 | 02/15/45 | 344914 |
| 100000 | United States Treasury Bond | 4.8750 | 08/15/45 | 100125 |
|  |  |  |  | $1772633 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **WEITZ CORE PLUS BOND ETF** | **WEITZ CORE PLUS BOND ETF** | **WEITZ CORE PLUS BOND ETF** | **WEITZ CORE PLUS BOND ETF** | **WEITZ CORE PLUS BOND ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Principal Amount ($)** |  | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **U.S. GOVERNMENT & AGENCIES — 66.9% (Continued)** |  |  |  |
|  | **TOTAL U.S. GOVERNMENT & AGENCIES (Cost $4,198,612)** |  |  | $4219448 |
|  | **TOTAL INVESTMENTS - 86.6% (Cost $5,433,251)** |  |  | $5459509 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES- 13.4%** |  |  | 842576 |
|  | **NET ASSETS - 100.0%** |  |  | $6302085 |

---

---

| | |
|:---|:---|
| LLC | - Limited Liability Company |
| LP | - Limited Partnership |
| Ltd. | - Limited Company |
| SOFR30A | United States 30 Day Average SOFR Secured Overnight Financing Rate |
| TSFR1M | Term SOFR Secured Overnight Financing Rate 1 Month |

---

<sup>(a)</sup> Security exempt from registration under Rule 144A or Section 4(2) of the Securities Act of 1933. The security may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of August 31, 2025, the total market value of 144A securities is 1,040,900 or 16.5% of net assets.

<sup>(b)</sup> Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets.

<sup>(c)</sup> Variable rate security; the rate shown represents the rate on August 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 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:** Weitz Core Plus Bond ETF

- **b. EDGAR series identifier (if any):** S000094334

- **c. LEI of Series:** 529900KU95XD31ADI520

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

- **a. Date of fiscal year-end:** 2026-05-31

- **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:** $8684505.70

**Total Liabilities:** $2382420.99

**Net Assets:** $6302084.71

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 7.12459600 | **1-Year:** 11.71377800 | **5-Year:** 409.08336800 | **10-Year:** 1046.14434400 | **30-Year:** 0.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 36.52653300 | **5-Year:** 141.54973700 | **10-Year:** 39.43300200 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000262836 | 0.00%                | 0.00%                | 0.00%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $0.00                                      |
| Month 2  | $0.00                    | $0.00                                      |
| Month 3  | $0.00                    | $26257.39                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| United States Treasury Bonds           | T 4 5/8 11/15/44      | CUSIP: 912810UF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    300000 | PA      | $291117.19    | 4.62%             | 2044-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Whirlpool Corp.                        | WHR 6 1/2 06/15/33    | CUSIP: 963320BE5<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100791.87    | 1.60%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association  | FN MA5495             | CUSIP: 31418FC96<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    215281 | PA      | $207284.53    | 3.29%             | 2054-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| STWD 2022-FL3 LTD                      | STWD 2022-FL3 AS      | CUSIP: 78485KAE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     50000 | PA      | $50174.65     | 0.80%             | 2038-11-15      | Floating      | 6.14%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association  | FN MA5613             | CUSIP: 31418FGX9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    197477 | PA      | $194915.06    | 3.09%             | 2055-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association  | FN MA5419             | CUSIP: 31418FAV9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    110867 | PA      | $109538.44    | 1.74%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.       | FR SD8347             | CUSIP: 3132DWHY2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    219343 | PA      | $211437.71    | 3.36%             | 2053-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Atlas Warehouse Lending Co. LP         | ATWALD 6 1/4 01/15/30 | CUSIP: 049463AE2<br>LEI: 25490068J12A1HV7YM70 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102425.97    | 1.63%             | 2030-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Bonds           | T 4 3/4 02/15/45      | CUSIP: 912810UJ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    350000 | PA      | $344914.06    | 5.47%             | 2045-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.       | FR SD8340             | CUSIP: 3132DWHR7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    213366 | PA      | $205634.81    | 3.26%             | 2053-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LOANCORE 2021-CRE5 ISSUER LTD          | LNCR 2021-CRE5 AS     | CUSIP: 53947XAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     50000 | PA      | $50179.45     | 0.80%             | 2036-07-15      | Floating      | 6.23%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.       | FR SD6706             | CUSIP: 3132DUNX1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    159002 | PA      | $153303.64    | 2.43%             | 2054-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association  | FN MA5530             | CUSIP: 31418FEC7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    209219 | PA      | $206504.37    | 3.28%             | 2054-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pagaya US Holding Co. LLC              | PGY 8 7/8 08/01/30    | CUSIP: 69549FAC3<br>LEI: 254900M9VGE3HM0OYH17 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100507.29    | 1.59%             | 2030-08-01      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| Newell Brands Inc.                     | NWL 6 5/8 05/15/32    | CUSIP: 651229BE5<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48931.96     | 0.78%             | 2032-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association  | FN MA5585             | CUSIP: 31418FF36<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    100490 | PA      | $99192.43     | 1.57%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRTX 2022-FL5 ISSUER, LTD              | TRTX 2022-FL5 AS      | CUSIP: 87277JAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     50000 | PA      | $50137.70     | 0.80%             | 2039-02-15      | Floating      | 6.51%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.       | FR SD8244             | CUSIP: 3132DWER0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    179818 | PA      | $168213.54    | 2.67%             | 2052-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds           | T 4 3/8 05/15/40      | CUSIP: 912810QH4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    250000 | PA      | $243359.38    | 3.86%             | 2040-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds           | T 4 3/8 11/15/39      | CUSIP: 912810QD3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    300000 | PA      | $293167.97    | 4.65%             | 2039-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association  | FN MA5352             | CUSIP: 31418E5N6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    104690 | PA      | $103331.97    | 1.64%             | 2054-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds           | T 4 5/8 02/15/40      | CUSIP: 912810QE1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    400000 | PA      | $400843.75    | 6.36%             | 2040-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.       | FR SD7379             | CUSIP: 3132DVFU4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    233902 | PA      | $235438.27    | 3.74%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Midas Opco Holdings LLC                | STGW 5 5/8 08/15/29   | CUSIP: 59565JAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $48266.43     | 0.77%             | 2029-08-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.       | FR SD8360             | CUSIP: 3132DWJD6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    179918 | PA      | $173358.67    | 2.75%             | 2053-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| J.P.MORGAN MORTGAGE TRUST 2024-5       | JPMMT 2024-5 A6       | CUSIP: 46658RAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    262263 | PA      | $264011.46    | 4.19%             | 2054-11-25      | Floating      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| GPMT LTD                               | GPMT 2021-FL3 AS      | CUSIP: 36264BAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     75000 | PA      | $74897.93     | 1.19%             | 2035-07-16      | Floating      | 6.32%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Bonds           | T 4 3/4 11/15/43      | CUSIP: 912810TW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    100000 | PA      | $99105.47     | 1.57%             | 2043-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SunCoke Energy, Inc.                   | SXC 4 7/8 06/30/29    | CUSIP: 86722AAD5<br>LEI: 1KF1J2NXQE2PI0QOB943 | Long             | DBT              | CORP              | US        |     50000 | PA      | $45699.83     | 0.73%             | 2029-06-30      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Newell Brands Inc.                     | NWL 6 3/8 05/15/30    | CUSIP: 651229BF2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49436.46     | 0.78%             | 2030-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds           | T 4 7/8 08/15/45      | CUSIP: 912810UN6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    100000 | PA      | $100125.00    | 1.59%             | 2045-08-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Rithm Capital Corp.                    | RITM 8 04/01/29       | CUSIP: 64828TAB8<br>LEI: 549300WNTHGEO5LP2G31 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102461.50    | 1.63%             | 2029-04-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association  | FN MA5070             | CUSIP: 31418ET42<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    185214 | PA      | $178614.75    | 2.83%             | 2053-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Global Partners LP / GLP Finance Corp. | GLP 7 1/8 07/01/33    | CUSIP: 37954FAL8<br>LEI: 549300PCHWTW9P4DU444 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25607.43     | 0.41%             | 2033-07-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| BSPRT 2022-FL8 ISSUER LTD              | BSPRT 2022-FL8 C      | CUSIP: 055983AG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     50000 | PA      | $49976.05     | 0.79%             | 2037-02-15      | Floating      | 6.64%                 | Yes           |                  2 | On Loan: No      |
| BSPRT ISSUER LTD                       | BSPRT 2021-FL6 D      | CUSIP: 05601HAJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     50000 | PA      | $50211.15     | 0.80%             | 2036-03-15      | Floating      | 7.48%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association  | FN MA5294             | CUSIP: 31418E3C2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    202676 | PA      | $200046.39    | 3.17%             | 2054-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| The Manitowoc Company, Inc.            | MTW 9 1/4 10/01/31    | CUSIP: 563571AN8<br>LEI: 2RTSLGQ89VMY18RHX631 | Long             | DBT              | CORP              | US        |     25000 | PA      | $26344.05     | 0.42%             | 2031-10-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| BBH SWEEP VEHICLE                      | BBH SWEEP VEHICLE     | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |   3175419 | PA      | $3175418.96   | 50.39%            |  |  |  | No            |                  1 | 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