# EDGAR Filing Document

**Accession Number:** 0001314414
**File Stem:** 0000910472-26-002746
**Filing Date:** 2026-2
**Character Count:** 37398
**Document Hash:** fcab6a3be547bf24384bce9c5484d5fe
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-002746.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0000910472-26-002746

**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:** 26683173

**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 Core Income Fund (Series ID: S000035209)

| Class ID   | Class Name                                          | Ticker Symbol   |
|:---|:---|:---|
| C000108313 | Ocean Park Tactical Core Income Fund Class A Shares | SSIZX           |
| C000108314 | Ocean Park Tactical Core Income Fund Class C Shares | SSICX           |
| C000108315 | Ocean Park Tactical Core Income Fund Investor Class | SSIIX           |
| C000108316 | Ocean Park Tactical Core Income Fund Instl Class    | SSIRX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **OCEAN PARK TACTICAL CORE INCOME FUND** | **OCEAN PARK TACTICAL CORE INCOME FUND** | **OCEAN PARK TACTICAL CORE INCOME 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 — 47.7%** |  |
|  | **FIXED INCOME - 47.7%** |  |
| 3000 | BondBloxx JP Morgan USD Emerging Markets 1-10 Year, USD Class | &nbsp;&nbsp;&nbsp; $133740 |
| 392700 | First Trust Preferred Securities and Income ETF | &nbsp;&nbsp;&nbsp; 7154994 |
| 2737600 | Invesco Senior Loan ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 57489600 |
| 131400 | iShares 20+ Year Treasury Bond ETF | &nbsp;&nbsp;&nbsp; 11452824 |
| 504600 | iShares iBoxx $ High Yield Corporate Bond ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 40685898 |
| 608100 | iShares J.P. Morgan USD Emerging Markets Bond ETF | &nbsp;&nbsp;&nbsp; 58547868 |
| 401300 | iShares MBS ETF | &nbsp;&nbsp;&nbsp; 38211786 |
| 564300 | iShares Preferred and Income Securities ETF | &nbsp;&nbsp;&nbsp; 17470728 |
| 353600 | Janus Henderson AAA CLO ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 17885088 |
| 351700 | JPMorgan Active Bond ETF | &nbsp;&nbsp;&nbsp; 19016419 |
| 597185 | JPMorgan Mortgage-Backed Securities ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 30492266 |
| 204100 | PIMCO Active Bond ETF | &nbsp;&nbsp;&nbsp; 18997628 |
| 1534300 | PIMCO Multi Sector Bond Active ETF | &nbsp;&nbsp;&nbsp; 40935124 |
| 208900 | Pimco Senior Loan Active ETF | &nbsp;&nbsp;&nbsp; 10503492 |
| 435000 | SPDR Blackstone Senior Loan ETF | &nbsp;&nbsp;&nbsp; 17952450 |
| 348300 | SPDR Bloomberg Barclays Emerging Markets Local ETF | &nbsp;&nbsp;&nbsp; 7443171 |
| 2641000 | VanEck J. P. Morgan EM Local Currency Bond ETF | &nbsp;&nbsp;&nbsp; 68190620 |
| 412000 | VanEck Vectors Investment Grade Floating Rate ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 10497760 |
| 996500 | Vanguard Total Bond Market ETF | &nbsp;&nbsp;&nbsp; 73810755 |
| 482900 | Virtus InfraCap U.S. Preferred Stock ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 10406495 |
|  | **TOTAL EXCHANGE-TRADED FUNDS (Cost $549,602,958)** | &nbsp;&nbsp; 557278706 |
|  | **OPEN END FUNDS — 51.8%** |  |
|  | **ALTERNATIVE - 3.5%** |  |
| 1056565 | Eaton Vance Global Macro Absolute Return Advantage, Class I | &nbsp;&nbsp;&nbsp; 12351250 |
| 2719763 | Metropolitan West Unconstrained Bond Fund, Class I | &nbsp;&nbsp;&nbsp; 28503120 |
| 62677 | Victory Market Neutral Income Fund, Class I | &nbsp;&nbsp;&nbsp; 542783 |
|  |  | &nbsp;&nbsp; 41397153 |
|  | **FIXED INCOME - 48.3%** |  |
| 10135 | Allspring Municipal Bond Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 98314 |
| 6004 | American Century High Income Fund, Class I | &nbsp;&nbsp;&nbsp; 52773 |
| 3413130 | Angel Oak Multi-Strategy Income Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 29830758 |
| 1995 | Aristotle Floating Rate Income Fund, Class I | &nbsp;&nbsp;&nbsp; 18789 |
| 2809 | BlackRock Floating Rate Income Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 26794 |

---

---

| | | |
|:---|:---|:---|
| **OCEAN PARK TACTICAL CORE INCOME FUND** | **OCEAN PARK TACTICAL CORE INCOME FUND** | **OCEAN PARK TACTICAL CORE INCOME 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** |
|  | **OPEN END FUNDS — 51.8% (Continued)** |  |
|  | **FIXED INCOME - 48.3% (Continued)** |  |
| 8328 | BlackRock High Yield Portfolio Fund, Institutional Class | &nbsp;&nbsp;&nbsp; $60132 |
| 19593 | BlackRock National Municipal Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 195739 |
| 3018 | BlackRock New York Municipal Opportunities Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 31536 |
| 7880 | BlackRock Strategic Income Opportunities Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 76986 |
| 8373 | BlackRock Strategic Municipal Opportunities Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 86999 |
| 8247 | Credit Suisse Floating Rate High Income Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 50552 |
| 1317006 | Dodge & Cox Global Bond Fund, Class I | &nbsp;&nbsp;&nbsp; 14816316 |
| 2942362 | Eaton Vance Emerging Markets Debt Opportunities Fund, Class I | &nbsp;&nbsp;&nbsp; 24539302 |
| 714 | Fidelity Capital & Income Fund, Class I | &nbsp;&nbsp;&nbsp; 7756 |
| 4245482 | FPA New Income Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 42794455 |
| 2060470 | Holbrook Income Fund, Class I | &nbsp;&nbsp;&nbsp; 20110188 |
| 787998 | JPMorgan Emerging Markets Debt Fund, Class I | &nbsp;&nbsp;&nbsp; 5248064 |
| 8152944 | JPMorgan Income Fund, Class I | &nbsp;&nbsp;&nbsp; 70196844 |
| 294 | Leader Capital High Quality Income Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 3254 |
| 1322 | Medalist Partners MBS Total Return Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 11530 |
| 12144 | Metropolitan West Total Return Bond Fund, Class I | &nbsp;&nbsp;&nbsp; 111364 |
| 893 | Neuberger Berman Floating Rate Income Fund, Class I | &nbsp;&nbsp;&nbsp; 8336 |
| 10475 | Neuberger Berman Strategic Income Fund, Class I | &nbsp;&nbsp;&nbsp; 107156 |
| 10105 | Nuveen All-American Municipal Bond Fund, Class I | &nbsp;&nbsp;&nbsp; 100945 |
| 23794 | Nuveen Bond Index Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 232945 |
| 20513 | Nuveen High Yield Municipal Bond Fund, Class I | &nbsp;&nbsp;&nbsp; 293339 |
| 1980 | Nuveen Intermediate Duration Municipal Bond Fund, Class I | &nbsp;&nbsp;&nbsp; 17659 |
| 2383 | Nuveen Preferred Securities and Income Fund, Class I | &nbsp;&nbsp;&nbsp; 38801 |
| 10821 | Nuveen Short Duration High Yield Municipal Bond Fund, Class I | &nbsp;&nbsp;&nbsp; 101713 |
| 35 | Nuveen Strategic Income Fund, Class I | &nbsp;&nbsp;&nbsp; 348 |
| 470115 | Payden Emerging Markets Bond Fund, Class I | &nbsp;&nbsp;&nbsp; 5260557 |
| 11169 | PIMCO Diversified Income Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 112585 |
| 4015748 | PIMCO Dynamic Bond Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 41562995 |
| 1169377 | PIMCO Emerging Markets Bond Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 10641327 |
| 10533 | PIMCO Emerging Markets Local Currency and Bond Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 67307 |
| 16816 | PIMCO High Yield Municipal Bond Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 140919 |
| 19119523 | PIMCO Income Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 210123554 |
| 807406 | PIMCO International Bond Fund U.S. Dollar-Hedged, Institutional Class | &nbsp;&nbsp;&nbsp; 8017539 |
| 512 | PIMCO International Bond Fund Unhedged, Institutional Class | &nbsp;&nbsp;&nbsp; 4015 |

---

---

| | | |
|:---|:---|:---|
| **OCEAN PARK TACTICAL CORE INCOME FUND** | **OCEAN PARK TACTICAL CORE INCOME FUND** | **OCEAN PARK TACTICAL CORE INCOME 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** |
|  | **OPEN END FUNDS — 51.8% (Continued)** |  |
|  | **FIXED INCOME - 48.3% (Continued)** |  |
| 1105935 | PIMCO Investment Grade Credit Bond Fund, Institutional Class | &nbsp;&nbsp;&nbsp; $10174600 |
| 1120022 | PIMCO Long-Term Credit Bond Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 9968193 |
| 788 | PIMCO Low Duration Income Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 6546 |
| 4131 | PIMCO Real Return Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 42836 |
| 10820 | PIMCO Total Return Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 95869 |
| 4790302 | Principal Spectrum Preferred and Capital Securities Income Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 44837225 |
| 1357682 | Thompson Bond Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 14500039 |
| 1287 | Thornburg Strategic Income Fund, Class I | &nbsp;&nbsp;&nbsp; 14929 |
|  |  | &nbsp;&nbsp; 564840722 |
|  | **TOTAL OPEN END FUNDS (Cost $582,350,643)** | &nbsp;&nbsp; 606237875 |
|  | **SHORT-TERM INVESTMENTS — 8.6%** |  |
|  | **COLLATERAL FOR SECURITIES LOANED - 8.5%** |  |
| 98597785 | First American Government Obligations Fund, Class X, 3.67%<sup>(b)(c)</sup> **(Cost $98,597,785)** | &nbsp;&nbsp;&nbsp; 98597785 |
|  | **MONEY MARKET FUND - 0.1%** |  |
| 1475639 | First American Government Obligations Fund, Class X, 3.67%<sup>(c)</sup> **(Cost $1,475,639)** | &nbsp;&nbsp;&nbsp; 1475639 |
|  | **TOTAL SHORT-TERM INVESTMENTS (Cost $100,073,424)** | 100073424 |
|  | **TOTAL INVESTMENTS - 108.1% (Cost $1,232,027,025)** | &nbsp;&nbsp;&nbsp; $1263590005 |
|  | **LIABILITIES IN EXCESS OF OTHER ASSETS - (8.1)%** | &nbsp;&nbsp; (94879807) |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $1168710198 |

---

---

| | |
|:---|:---|
| CLO | - Collateralized Loan Obligation |
| ETF | - Exchange-Traded Fund |
| MBS | - Mortgage Backed Security |
| 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 $95,636,457, 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 $98,597,785 at December 31, 2025. |
| <sup>(c)</sup> | Rate disclosed is the seven day effective yield as of December 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:** Ocean Park Tactical Core Income Fund

- **b. EDGAR series identifier (if any):** S000035209

- **c. LEI of Series:** 549300Q5IJASQRM4OG72

**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:** $1169743210.67

**Total Liabilities:** $1033012.31

**Net Assets:** $1168710198.36

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000108313 | 0.67%                | 0.23%                | 0.27%                |
| Class ID C000108314 | 0.57%                | 0.24%                | 0.22%                |
| Class ID C000108315 | 0.61%                | 0.23%                | 0.27%                |
| Class ID C000108316 | 0.70%                | 0.26%                | 0.32%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1255920.60              | $2741446.32                                |
| Month 2  | $7861072.62              | $-9503411.18                               |
| Month 3  | $1201363.72              | $-5865632.68                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Advisors Series Trust                            | MDL-MBS T/R-INS           | CUSIP: 00770X758<br>LEI: 2549003Z0J6URS6I4Y63 | Long             | EC               | RF                | US        |      1316 | NS      | $11474.68     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| American Century Investment Trust                | AC-HI INC-Y               | CUSIP: 024932154<br>LEI: 549300RGSU9J1L1HFF90 | Long             | EC               | RF                | US        |      5970 | NS      | $52472.52     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Angel Oak Funds Trust                            | A/O-M/S INC-INS           | CUSIP: 03463K406<br>LEI: 549300DGLMLNBVBKK655 | Long             | EC               | RF                | US        |   3395800 | NS      | $29679295.12  | 2.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Aristotle Funds Series Trust                     | ARIS-F/R INC-I            | CUSIP: 04045F592<br>LEI: 549300FDPZVU0VTJQB52 | Long             | EC               | RF                | US        |      1983 | NS      | $18676.04     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Blackrock Multi State Municipal Series Trust     | BLRK-NY MU O-INS          | CUSIP: 09253A763<br>LEI: 549300FRPGSGLXTBXJ40 | Long             | EC               | RF                | US        |      3008 | NS      | $31433.77     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Blackrock Municipal Bond Fund Inc                | BLKR-NTL MUN-INS          | CUSIP: 09253C876<br>LEI: N/A                  | Long             | EC               | RF                | US        |     19530 | NS      | $195103.84    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Blackrock Municipal Series Trust                 | BLRK-STR MUN-I            | CUSIP: 09253E609<br>LEI: N13FNQG6SVW6WDIWRJ75 | Long             | EC               | RF                | US        |      8346 | NS      | $86710.24     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Blackrock Funds V                                | BLKR-STR INC-INS          | CUSIP: 09260B382<br>LEI: 54930077DSFQPJDWM487 | Long             | EC               | RF                | US        |      7847 | NS      | $76661.90     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Blackrock Funds V                                | BLKR-HI YLD-INS           | CUSIP: 09260B630<br>LEI: 54930077DSFQPJDWM487 | Long             | EC               | RF                | US        |      8282 | NS      | $59794.47     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Blackrock Funds V                                | BLK-FLOAT RA-INS          | CUSIP: 09260B747<br>LEI: 54930077DSFQPJDWM487 | Long             | EC               | RF                | US        |      2793 | NS      | $26649.12     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| BondBloxx ETF Trust                              | BB-JPM USD EM MK          | CUSIP: 09789C879<br>LEI: N/A                  | Long             | EC               | RF                | US        |      3000 | NS      | $133740.00    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Credit Suisse Opportunity Funds                  | CS-FL RT INC-I            | CUSIP: 22540S836<br>LEI: 5493002UZ4JX82OVKQ12 | Long             | EC               | RF                | US        |      8195 | NS      | $50233.48     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Dodge & Cox Funds                                | D&C-GL BND -I             | CUSIP: 256206301<br>LEI: 549300R3H2V5UI5MR803 | Long             | EC               | RF                | US        |   1317006 | NS      | $14816315.90  | 1.27%             |  |  |  | No            | 1                  | On Loan: No      |
| ETFis Series Trust I                             | VIRTUS INFRA ETF          | CUSIP: 26923G822<br>LEI: 5493002CWTVLBPSYFT98 | Long             | EC               | RF                | US        |    482900 | NS      | $10406495.00  | 0.89%             |  |  |  | No            | 1                  | On Loan: —       |
| Eaton Vance Mutual Funds Trust                   | EV-GL MA A A-I            | CUSIP: 277923264<br>LEI: 549300C67AFHZKODE756 | Long             | EC               | RF                | US        |    990644 | NS      | $11580628.02  | 0.99%             |  |  |  | No            | 1                  | On Loan: No      |
| Eaton Vance Ser Fund Incorporation               | EV-E/M DBT O-I            | CUSIP: 27827V402<br>LEI: 549300R49JD3NSE34I86 | Long             | EC               | RF                | US        |   2847547 | NS      | $23748538.64  | 2.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Investment Managers Series Trust III             | FPA-NEW INC-INS           | CUSIP: 30254T643<br>LEI: 549300H7BXP5EUEHOJ64 | Long             | EC               | RF                | US        |   4245482 | NS      | $42794454.53  | 3.66%             |  |  |  | No            | 1                  | On Loan: No      |
| Fidelity Summer Street Trust                     | FID-CAP & INC             | CUSIP: 316062108<br>LEI: P1TJ3M056NR1SYX5LY49 | Long             | EC               | RF                | US        |       711 | NS      | $7725.37      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| First American Funds Inc.                        | FRST AM-GV OB-X           | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   1475639 | PA      | $1475638.87   | 0.13%             |  |  |  | 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      |
| First Trust Exchange-Traded Fund III             | FT-PFD SEC & INC          | CUSIP: 33739E108<br>LEI: 5493003Z20QMESC6XS29 | Long             | EC               | RF                | US        |    392700 | NS      | $7154994.00   | 0.61%             |  |  |  | No            | 1                  | On Loan: No      |
| Invesco Exchange Traded Fund Trust II            | INVESCO SENIOR L          | CUSIP: 46138G508<br>LEI: O540V2L4S174Y60FMD36 | Long             | EC               | RF                | US        |   2737600 | NS      | $57489600.00  | 4.92%             |  |  |  | No            | 1                  | On Loan: —       |
| iShares Trust                                    | ISHARES 20+YR TR          | CUSIP: 464287432<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |    131400 | NS      | $11452824.00  | 0.98%             |  |  |  | No            | 1                  | On Loan: No      |
| iShares Trust                                    | ISHARES JP MORGA          | CUSIP: 464288281<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |    608100 | NS      | $58547868.00  | 5.01%             |  |  |  | No            | 1                  | On Loan: No      |
| iShares Trust                                    | ISHARES IBOXX HI          | CUSIP: 464288513<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |    504600 | NS      | $40685898.00  | 3.48%             |  |  |  | No            | 1                  | On Loan: —       |
| iShares Trust                                    | ISHARES MBS ETF           | CUSIP: 464288588<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |    401300 | NS      | $38211786.00  | 3.27%             |  |  |  | No            | 1                  | On Loan: No      |
| iShares Trust                                    | ISHARES PREFERRE          | CUSIP: 464288687<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |    564300 | NS      | $17470728.00  | 1.49%             |  |  |  | No            | 1                  | On Loan: No      |
| JP Morgan Trust I                                | JPM IMCOME-I              | CUSIP: 46637K224<br>LEI: 549300DM5WZMCZZ70R78 | Long             | EC               | RF                | US        |   8111459 | NS      | $69839661.14  | 5.98%             |  |  |  | No            | 1                  | On Loan: No      |
| J P Morgan Exchange Traded Fund Trust            | JPM MORTGAGE BS           | CUSIP: 46654Q575<br>LEI: 5493001E1K1DVWDV2464 | Long             | EC               | RF                | US        |    597185 | NS      | $30492266.10  | 2.61%             |  |  |  | No            | 1                  | On Loan: —       |
| J P Morgan Exchange Traded Fund Trust            | JPM ACT BD ETF            | CUSIP: 46654Q716<br>LEI: 5493001E1K1DVWDV2464 | Long             | EC               | RF                | US        |    351700 | NS      | $19016419.00  | 1.63%             |  |  |  | No            | 1                  | On Loan: No      |
| Janus Detroit Street Trust                       | JAN HEND AAA CLO          | CUSIP: 47103U845<br>LEI: 5493003MM7OCK5UJW595 | Long             | EC               | RF                | US        |    353600 | NS      | $17885088.00  | 1.53%             |  |  |  | No            | 1                  | On Loan: —       |
| JP Morgan Trust I                                | JPM-EM MKT D-I            | CUSIP: 4812A0748<br>LEI: 549300DM5WZMCZZ70R78 | Long             | EC               | RF                | US        |    787998 | NS      | $5248064.11   | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Leader Funds Trust                               | LDR-HI QL IN-INS          | CUSIP: 52169B509<br>LEI: 5493004CXG3W4ZKLTI89 | Long             | EC               | RF                | US        |       293 | NS      | $3238.12      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Metropolitan West Funds                          | MW-T/R BND-I              | CUSIP: 592905509<br>LEI: 549300KGDNJW6FXNDC82 | Long             | EC               | RF                | US        |     12029 | NS      | $110429.99    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Metropolitan West Funds                          | MW-UNCONS BD-I            | CUSIP: 592905749<br>LEI: 549300KGDNJW6FXNDC82 | Long             | EC               | RF                | US        |   2707408 | NS      | $28265342.39  | 2.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Neuberger Berman Income Funds                    | NEUBERG-FL RT-IS          | CUSIP: 64128K694<br>LEI: 54930087F7MMJ21RIJ90 | Long             | EC               | RF                | US        |       888 | NS      | $8288.17      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Neuberger Berman Income Funds                    | NEUBERGER-STRA-I          | CUSIP: 64128K751<br>LEI: 54930087F7MMJ21RIJ90 | Long             | EC               | RF                | US        |     10417 | NS      | $106564.58    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Nuveen Municipal                                 | NVV-INT DUR-I             | CUSIP: 67065Q400<br>LEI: 549300D2RECSQKX7NC33 | Long             | EC               | RF                | US        |      1974 | NS      | $17608.37     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Nuveen Municipal                                 | NVN-SH DUR HY-I           | CUSIP: 67065Q699<br>LEI: 549300D2RECSQKX7NC33 | Long             | EC               | RF                | US        |     10775 | NS      | $101287.21    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Nuveen Municipal                                 | NVN-H/Y MUN-I             | CUSIP: 67065Q772<br>LEI: 549300D2RECSQKX7NC33 | Long             | EC               | RF                | US        |     20417 | NS      | $291960.50    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Nuveen Municipal                                 | NVN-ALL AMER-I            | CUSIP: 67065Q855<br>LEI: 549300D2RECSQKX7NC33 | Long             | EC               | RF                | US        |     10067 | NS      | $100567.51    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Nuveen Investment Funds                          | NVN-STR INC-I             | CUSIP: 670678390<br>LEI: T3MQBTRBVMWQY3LBIL50 | Long             | EC               | RF                | US        |        35 | NS      | $346.34       | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Nuveen Investments Trust V                       | NVN-PREF SEC-I            | CUSIP: 670700400<br>LEI: 5493005YOHPRCB8M2Y83 | Long             | EC               | RF                | US        |      2372 | NS      | $38615.15     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| PIMCO Funds Pacific Investment Management Series | PIMCO-T/R-INS             | CUSIP: 693390700<br>LEI: N/A                  | Long             | EC               | RF                | US        |     10779 | NS      | $95498.91     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| PIMCO Funds Pacific Investment Management Series | PIMCO-IN B $-INS          | CUSIP: 693390882<br>LEI: N/A                  | Long             | EC               | RF                | US        |    803234 | NS      | $7976116.76   | 0.68%             |  |  |  | No            | 1                  | On Loan: No      |
| PIMCO Funds Pacific Investment Management Series | PIMCO-RL RTN-INS          | CUSIP: 693391104<br>LEI: N/A                  | Long             | EC               | RF                | US        |      4116 | NS      | $42687.23     | 0.00%             |  |  |  | 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        |   1162980 | NS      | $10583120.79  | 0.91%             |  |  |  | No            | 1                  | On Loan: No      |
| PIMCO Funds Pacific Investment Management Series | PIMCO-DIV IN-INS          | CUSIP: 693391880<br>LEI: N/A                  | Long             | EC               | RF                | US        |     11117 | NS      | $112058.03    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Payden & Rygel Investment Group                  | PAYDEN EMER MRKT BOND FUN | CUSIP: 704329531<br>LEI: 549300QJNYRKYZS3P282 | Long             | EC               | RF                | US        |    467472 | NS      | $5231013.25   | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| PIMCO Funds Pacific Investment Management Series | PIMCO-LW DUR-INS          | CUSIP: 722005170<br>LEI: N/A                  | Long             | EC               | RF                | US        |       784 | NS      | $6516.68      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| PIMCO Funds Pacific Investment Management Series | PIMCO-IN B U-INS          | CUSIP: 722005220<br>LEI: N/A                  | Long             | EC               | RF                | US        |       510 | NS      | $4002.01      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| PIMCO Funds Pacific Investment Management Series | PIMCO-I/G CR-INS          | CUSIP: 722005816<br>LEI: N/A                  | Long             | EC               | RF                | US        |   1101303 | NS      | $10131991.61  | 0.87%             |  |  |  | No            | 1                  | On Loan: No      |
| PIMCO Funds                                      | PIMCO-INCOME-INS          | CUSIP: 72201F490<br>LEI: 5493003B5Y5GR0Y25Y76 | Long             | EC               | RF                | US        |  19024315 | NS      | $209077217.17 | 17.89%            |  |  |  | No            | 1                  | On Loan: No      |
| PIMCO Funds                                      | PIMCO-EM L C-INS          | CUSIP: 72201F516<br>LEI: 5493003B5Y5GR0Y25Y76 | Long             | EC               | RF                | US        |     10473 | NS      | $66923.47     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| PIMCO Funds                                      | PIMCO-HY MUNI-I           | CUSIP: 72201F672<br>LEI: 5493003B5Y5GR0Y25Y76 | Long             | EC               | RF                | US        |     16749 | NS      | $140354.43    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| PIMCO Funds                                      | PIMCO-DYN BD-INS          | CUSIP: 72201M487<br>LEI: 5493003B5Y5GR0Y25Y76 | Long             | EC               | RF                | US        |   3996790 | NS      | $41366773.81  | 3.54%             |  |  |  | No            | 1                  | On Loan: No      |
| PIMCO Funds                                      | PIMCO-L/T CR-INS          | CUSIP: 72201P647<br>LEI: 5493003B5Y5GR0Y25Y76 | Long             | EC               | RF                | US        |   1114506 | NS      | $9919102.63   | 0.85%             |  |  |  | No            | 1                  | On Loan: No      |
| PIMCO ETF Trust                                  | PIMCO MULTISECT           | CUSIP: 72201R585<br>LEI: 5493004M9TBGFQUJ6D27 | Long             | EC               | RF                | US        |   1534300 | NS      | $40935124.00  | 3.50%             |  |  |  | No            | 1                  | On Loan: No      |
| PIMCO ETF Trust                                  | PIMCO-SEN LN ACT          | CUSIP: 72201R627<br>LEI: 5493004M9TBGFQUJ6D27 | Long             | EC               | RF                | US        |    208900 | NS      | $10503492.00  | 0.90%             |  |  |  | No            | 1                  | On Loan: No      |
| PIMCO ETF Trust                                  | PIMCO ACTIVE BON          | CUSIP: 72201R775<br>LEI: 5493004M9TBGFQUJ6D27 | Long             | EC               | RF                | US        |    204100 | NS      | $18997628.00  | 1.63%             |  |  |  | No            | 1                  | On Loan: No      |
| Principal Funds Inc                              | PRIN-PR & CA-INS          | CUSIP: 74253Q416<br>LEI: 549300HZGBXSW6DSXF23 | Long             | EC               | RF                | US        |   4790302 | NS      | $44837226.14  | 3.84%             |  |  |  | No            | 1                  | On Loan: No      |
| SPDR Series Trust                                | SPDR BLOOMBERG E          | CUSIP: 78464A391<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |    348300 | NS      | $7443171.00   | 0.64%             |  |  |  | No            | 1                  | On Loan: No      |
| Ssga Active Trust                                | SPDR BLACKSTONE           | CUSIP: 78467V608<br>LEI: 549300MAXSRPQ75ICU67 | Long             | EC               | RF                | US        |    435000 | NS      | $17952450.00  | 1.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Tiaa-Cref Fund                                   | NUVEEN BOND INDE          | CUSIP: 87245M848<br>LEI: 549300L8R42TEBN5NG46 | Long             | EC               | RF                | US        |     23717 | NS      | $232189.54    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Thompson Im Funds Inc                            | THMPSN-BND                | CUSIP: 884891201<br>LEI: N/A                  | Long             | EC               | RF                | US        |   1357682 | NS      | $14500039.24  | 1.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Thornburg Investment Trust                       | THRNB-STR IN-I            | CUSIP: 885215194<br>LEI: 5493001XM52H8S4WYY82 | Long             | EC               | RF                | US        |      1282 | NS      | $14866.63     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Two Roads Shared Trust                           | HOLBR-INCOME-I            | CUSIP: 90213U230<br>LEI: 549300REHU8QC2CK4V30 | Long             | EC               | RF                | US        |   2039231 | NS      | $19902895.34  | 1.70%             |  |  |  | No            | 1                  | On Loan: No      |
| VanEck ETF Trust                                 | VANECK IG FLOATI          | CUSIP: 92189F486<br>LEI: 549300ZLFKNTXC51ZN76 | Long             | EC               | RF                | US        |    412000 | NS      | $10497760.00  | 0.90%             |  |  |  | No            | 1                  | On Loan: —       |
| VanEck ETF Trust                                 | V/E JPM EM L C B          | CUSIP: 92189H300<br>LEI: 549300ZLFKNTXC51ZN76 | Long             | EC               | RF                | US        |   2641000 | NS      | $68190620.00  | 5.83%             |  |  |  | No            | 1                  | On Loan: No      |
| Vanguard Bond Index Funds                        | VANGUARD TOTAL B          | CUSIP: 921937835<br>LEI: 549300INE5BF80OGAZ51 | Long             | EC               | RF                | US        |    996500 | NS      | $73810755.00  | 6.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Victory Portfolios II                            | VCTRY-M/N IN-I            | CUSIP: 92647P654<br>LEI: 5493002SUQLUY3T5P040 | Long             | EC               | RF                | US        |     62677 | NS      | $542782.65    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Allspring Funds Trust                            | ALLSP-MUN BD-INS          | CUSIP: 949921670<br>LEI: 549300XROIY0CTN7RZ24 | Long             | EC               | RF                | US        |     10106 | NS      | $98026.86     | 0.01%             |  |  |  | No            | 1                  | 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