# EDGAR Filing Document

**Accession Number:** 0001314414
**File Stem:** 0000910472-25-004221
**Filing Date:** 2025-11
**Character Count:** 18290
**Document Hash:** 6bf3da8b89438a48c59b9f63e01984c4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-004221.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0000910472-25-004221

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20260630

**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:** 251525839

**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

### LADENBURG GROWTH & INCOME FUND (Series ID: S000050298)

| Class ID   | Class Name                                    | Ticker Symbol   |
|:---|:---|:---|
| C000158826 | LADENBURG GROWTH & INCOME FUND Class A Shares | LOWAX           |
| C000158827 | LADENBURG GROWTH & INCOME FUND Class C Shares | LOWCX           |
| C000158828 | LADENBURG GROWTH & INCOME FUND Class I Shares | LOWIX           |

## Nport-Ex

S

---

| | | |
|:---|:---|:---|
| **LADENBURG INCOME FUND** | **LADENBURG INCOME FUND** | **LADENBURG INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **EXCHANGE-TRADED FUNDS — 98.8%** |  |
|  | **EQUITY - 30.7%** |  |
| 2094 | Avantis U.S. Small Cap Value ETF | &nbsp;&nbsp;&nbsp; $208416 |
| 2972 | Invesco S&P SmallCap Momentum ETF | &nbsp;&nbsp;&nbsp; 218650 |
| 1491 | iShares Russell Mid-Cap Growth ETF | &nbsp;&nbsp;&nbsp; 212333 |
| 10984 | JPMorgan Hedged Equity Laddered Overlay ETF | &nbsp;&nbsp;&nbsp; 713960 |
| 19522 | Schwab U.S. Large-Cap Growth ETF | &nbsp;&nbsp;&nbsp; 622947 |
| 31822 | Schwab U.S. Large-Cap Value ETF | &nbsp;&nbsp;&nbsp; 926338 |
| 2260 | WisdomTree U.S. Value Fund | &nbsp;&nbsp;&nbsp; 205683 |
|  |  | &nbsp;&nbsp; 3108327 |
|  | **FIXED INCOME - 68.1%** |  |
| 27695 | Invesco Total Return Bond ETF | &nbsp;&nbsp;&nbsp; 1315789 |
| 23916 | PIMCO Active Bond ETF | &nbsp;&nbsp;&nbsp; 2232559 |
| 37866 | SPDR Doubleline Total Return Tactical ETF | &nbsp;&nbsp;&nbsp; 1536224 |
| 23302 | Vanguard Intermediate-Term Bond ETF | &nbsp;&nbsp;&nbsp; 1819653 |
|  |  | &nbsp;&nbsp; 6904225 |
|  | **TOTAL EXCHANGE-TRADED FUNDS (Cost $9,633,546)** | &nbsp;&nbsp; 10012552 |
|  | **SHORT-TERM INVESTMENT — 1.2%** |  |
|  | **MONEY MARKET FUND - 1.2%** |  |
| 122447 | First American Government Obligations Fund, Class X, 4.04% (Cost $122,447)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 122447 |
|  | **TOTAL INVESTMENTS - 100.0% (Cost $9,755,993)** | &nbsp;&nbsp;&nbsp; $10134999 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES- 0.0%** | &nbsp;&nbsp; 4592 |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $10139591 |

---

---

| | |
|:---|:---|
| ETF | - Exchange-Traded Fund |
| SPDR | - Standard & Poor's Depositary Receipt |

---

(a) Rate disclosed is the seven day effective yield as of September 30, 2025.

---

| | | |
|:---|:---|:---|
| **LADENBURG INCOME & GROWTH FUND** | **LADENBURG INCOME & GROWTH FUND** | **LADENBURG INCOME & GROWTH FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **EXCHANGE-TRADED FUNDS — 98.8%** |  |
|  | **EQUITY - 50.0%** |  |
| 24234 | Avantis U.S. Small Cap Value ETF | &nbsp;&nbsp;&nbsp; $2412010 |
| 17427 | Invesco S&P SmallCap Momentum ETF | &nbsp;&nbsp;&nbsp; 1282104 |
| 12768 | iShares Russell Mid-Cap Growth ETF | &nbsp;&nbsp;&nbsp; 1818291 |
| 84696 | JPMorgan Hedged Equity Laddered Overlay ETF | &nbsp;&nbsp;&nbsp; 5505240 |
| 244610 | Schwab U.S. Large-Cap Growth ETF | &nbsp;&nbsp;&nbsp; 7805505 |
| 322577 | Schwab U.S. Large-Cap Value ETF | &nbsp;&nbsp;&nbsp; 9390216 |
| 26278 | WisdomTree U.S. Value Fund | &nbsp;&nbsp;&nbsp; 2391561 |
|  |  | &nbsp;&nbsp; 30604927 |
|  | **FIXED INCOME - 48.8%** |  |
| 138159 | Invesco Total Return Bond ETF | &nbsp;&nbsp;&nbsp; 6563934 |
| 114342 | PIMCO Active Bond ETF | &nbsp;&nbsp;&nbsp; 10673826 |
| 147225 | SPDR Doubleline Total Return Tactical ETF | &nbsp;&nbsp;&nbsp; 5972918 |
| 85586 | Vanguard Intermediate-Term Bond ETF | &nbsp;&nbsp;&nbsp; 6683411 |
|  |  | &nbsp;&nbsp; 29894089 |
|  | **TOTAL EXCHANGE-TRADED FUNDS (Cost $52,449,380)** | &nbsp;&nbsp; 60499016 |
|  | **SHORT-TERM INVESTMENT — 1.3%** |  |
|  | **MONEY MARKET FUND - 1.3%** |  |
| 793413 | First American Government Obligations Fund, Class X, 4.04% (Cost $793,413)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 793413 |
|  | **TOTAL INVESTMENTS - 100.1% (Cost $53,242,793)** | &nbsp;&nbsp;&nbsp; $61292429 |
|  | **LIABILITIES IN EXCESS OF OTHER ASSETS - (0.1)%** | &nbsp;&nbsp; (40726) |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $61251703 |

---

ETF - Exchange-Traded Fund <br> SPDR - Standard & Poor's Depositary Receipt

(a) Rate disclosed is the seven day effective yield as of September 30, 2025.

---

| | | |
|:---|:---|:---|
| **LADENBURG GROWTH & INCOME FUND** | **LADENBURG GROWTH & INCOME FUND** | **LADENBURG GROWTH & INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **EXCHANGE-TRADED FUNDS — 99.2%** |  |
|  | **EQUITY - 69.8%** |  |
| 111316 | Avantis U.S. Small Cap Value ETF | &nbsp;&nbsp;&nbsp; $11079281 |
| 123391 | Invesco S&P SmallCap Momentum ETF | &nbsp;&nbsp;&nbsp; 9077876 |
| 48639 | iShares Russell Mid-Cap Growth ETF | &nbsp;&nbsp;&nbsp; 6926680 |
| 271134 | JPMorgan Hedged Equity Laddered Overlay ETF | &nbsp;&nbsp;&nbsp; 17623710 |
| 1019893 | Schwab U.S. Large-Cap Growth ETF | &nbsp;&nbsp;&nbsp; 32544786 |
| 1293111 | Schwab U.S. Large-Cap Value ETF | &nbsp;&nbsp;&nbsp; 37642462 |
| 99009 | WisdomTree U.S. Value Fund | &nbsp;&nbsp;&nbsp; 9010809 |
|  |  | &nbsp;&nbsp; 123905604 |
|  | **FIXED INCOME - 29.4%** |  |
| 256868 | Invesco Total Return Bond ETF | &nbsp;&nbsp;&nbsp; 12203799 |
| 187325 | PIMCO Active Bond ETF | &nbsp;&nbsp;&nbsp; 17486789 |
| 258334 | SPDR Doubleline Total Return Tactical ETF | &nbsp;&nbsp;&nbsp; 10480610 |
| 155102 | Vanguard Intermediate-Term Bond ETF | &nbsp;&nbsp;&nbsp; 12111915 |
|  |  | &nbsp;&nbsp; 52283113 |
|  | **TOTAL EXCHANGE-TRADED FUNDS (Cost $138,235,453)** | &nbsp;&nbsp; 176188717 |
|  | **SHORT-TERM INVESTMENT — 0.9%** |  |
|  | **MONEY MARKET FUND - 0.9%** |  |
| 1582296 | First American Government Obligations Fund, Class X, 4.04% (Cost $1,582,296)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1582296 |
|  | **TOTAL INVESTMENTS - 100.1% (Cost $139,817,749)** | &nbsp;&nbsp;&nbsp; $177771013 |
|  | **LIABILITIES IN EXCESS OF OTHER ASSETS - (0.1)%** | &nbsp;&nbsp; (108682) |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $177662331 |

---

---

| | |
|:---|:---|
| ETF | - Exchange-Traded Fund |
| SPDR | - Standard & Poor's Depositary Receipt |

---

(a) Rate disclosed is the seven day effective yield as of September 30, 2025. <br>

---

| | | |
|:---|:---|:---|
| **LADENBURG GROWTH FUND** | **LADENBURG GROWTH FUND** | **LADENBURG GROWTH FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **EXCHANGE-TRADED FUNDS — 98.9%** |  |
|  | **EQUITY - 86.3%** |  |
| 92416 | Avantis U.S. Small Cap Value ETF | &nbsp;&nbsp;&nbsp; $9198164 |
| 89365 | Invesco S&P SmallCap Momentum ETF | &nbsp;&nbsp;&nbsp; 6574583 |
| 53821 | iShares Russell Mid-Cap Growth ETF | &nbsp;&nbsp;&nbsp; 7664649 |
| 200804 | JPMorgan Hedged Equity Laddered Overlay ETF | &nbsp;&nbsp;&nbsp; 13052260 |
| 957599 | Schwab U.S. Large-Cap Growth ETF | &nbsp;&nbsp;&nbsp; 30556984 |
| 1173455 | Schwab U.S. Large-Cap Value ETF | &nbsp;&nbsp;&nbsp; 34159276 |
| 128842 | WisdomTree U.S. Value Fund | &nbsp;&nbsp;&nbsp; 11725910 |
|  |  | &nbsp;&nbsp; 112931826 |
|  | **FIXED INCOME - 12.6%** |  |
| 134002 | Invesco Total Return Bond ETF | &nbsp;&nbsp;&nbsp; 6366434 |
| 54693 | PIMCO Active Bond ETF | &nbsp;&nbsp;&nbsp; 5105592 |
| 65174 | Vanguard Intermediate-Term Bond ETF | &nbsp;&nbsp;&nbsp; 5089438 |
|  |  | &nbsp;&nbsp; 16561464 |
|  | **TOTAL EXCHANGE-TRADED FUNDS (Cost $95,914,245)** | &nbsp;&nbsp; 129493290 |
|  | **SHORT-TERM INVESTMENT — 1.2%** |  |
|  | **MONEY MARKET FUND - 1.2%** |  |
| 1635689 | First American Government Obligations Fund, Class X, 4.04% (Cost $1,635,689)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1635689 |
|  | **TOTAL INVESTMENTS - 100.1% (Cost $97,549,934)** | &nbsp;&nbsp;&nbsp; $131128979 |
|  | **LIABILITIES IN EXCESS OF OTHER ASSETS - (0.1)%** | &nbsp;&nbsp; (86572) |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $131042407 |

---

ETF - Exchange-Traded Fund <br>

(a) Rate disclosed is the seven day effective yield as of September 30, 2025. <br>

---

| | | |
|:---|:---|:---|
| **LADENBURG AGGRESSIVE GROWTH FUND** | **LADENBURG AGGRESSIVE GROWTH FUND** | **LADENBURG AGGRESSIVE GROWTH FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **EXCHANGE-TRADED FUNDS — 98.0%** |  |
|  | **EQUITY - 94.0%** |  |
| 51429 | Avantis U.S. Small Cap Value ETF | &nbsp;&nbsp;&nbsp; $5118728 |
| 60171 | Invesco S&P SmallCap Momentum ETF | &nbsp;&nbsp;&nbsp; 4426780 |
| 40422 | iShares Russell Mid-Cap Growth ETF | &nbsp;&nbsp;&nbsp; 5756497 |
| 78488 | JPMorgan Hedged Equity Laddered Overlay ETF | &nbsp;&nbsp;&nbsp; 5101720 |
| 483796 | Schwab U.S. Large-Cap Growth ETF | &nbsp;&nbsp;&nbsp; 15437930 |
| 592848 | Schwab U.S. Large-Cap Value ETF | &nbsp;&nbsp;&nbsp; 17257806 |
| 77156 | WisdomTree U.S. Value Fund | &nbsp;&nbsp;&nbsp; 7021968 |
|  |  | &nbsp;&nbsp; 60121429 |
|  | **FIXED INCOME - 4.0%** |  |
| 26412 | Invesco Total Return Bond ETF | &nbsp;&nbsp;&nbsp; 1254834 |
| 16336 | Vanguard Intermediate-Term Bond ETF | &nbsp;&nbsp;&nbsp; 1275678 |
|  |  | &nbsp;&nbsp; 2530512 |
|  | **TOTAL EXCHANGE-TRADED FUNDS (Cost $46,305,340)** | &nbsp;&nbsp; 62651941 |
|  | **SHORT-TERM INVESTMENT — 5.0%** |  |
|  | **MONEY MARKET FUND - 5.0%** |  |
| 3170891 | First American Government Obligations Fund, Class X, 4.04% (Cost $3,170,891)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3170891 |
|  | **TOTAL INVESTMENTS - 103.0% (Cost $49,476,231)** | &nbsp;&nbsp;&nbsp; $65822832 |
|  | **LIABILITIES IN EXCESS OF OTHER ASSETS - (3.0)%** | &nbsp;&nbsp; (1892970) |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $63929862 |

---

ETF - Exchange-Traded Fund <br>

(a) Rate disclosed is the seven day effective yield as of September 30, 2025. <br>

## 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:** Ladenburg Growth & Income Fund

- **b. EDGAR series identifier (if any):** S000050298

- **c. LEI of Series:** 549300U0QN2CEI9WW717

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

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2025-09-30

**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:** $177803197.89

**Total Liabilities:** $140867.30

**Net Assets:** $177662330.59

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000158827 | 0.87%                | 2.36%                | 1.67%                |
| Class ID C000158828 | 0.96%                | 2.39%                | 1.75%                |
| Class ID C000158826 | 0.95%                | 2.46%                | 1.73%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $1524735.43                                |
| Month 2  | $572392.30               | $3471010.43                                |
| Month 3  | $0.00                    | $2595822.27                                |

### 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 Century ETF Trust                          | AVANTIS US S/C   | CUSIP: 025072877<br>LEI: 5493006IKK34YJD98183 | Long             | EC               | RF                | US        |    111316 | NS      | $11079281.48  | 6.24%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                                       | ISHARES RUSSELL  | CUSIP: 464287481<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     48639 | NS      | $6926679.99   | 3.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Bond Index Funds                           | VANGUARD INTERME | CUSIP: 921937819<br>LEI: 549300INE5BF80OGAZ51 | Long             | EC               | RF                | US        |    155102 | NS      | $12111915.18  | 6.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Wisdomtree Trust                                    | WISDOMTREE U.S.  | CUSIP: 97717W547<br>LEI: 549300SEVJBU47TE8855 | Long             | EC               | RF                | US        |     99009 | NS      | $9010809.09   | 5.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Schwab Strategic Trust                              | SCHW-US L/C GRW  | CUSIP: 808524300<br>LEI: 549300NAZEQOIX80E226 | Long             | EC               | RF                | US        |   1019893 | NS      | $32544785.63  | 18.32%            |  |  |  | No            |                  1 | On Loan: No      |
| Schwab Strategic Trust                              | SCHWAB US LG VAL | CUSIP: 808524409<br>LEI: 549300NAZEQOIX80E226 | Long             | EC               | RF                | US        |   1293111 | NS      | $37642461.21  | 21.19%            |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Actively Managed Exchange-Traded Fund Trust | INVESCO TOTAL RE | CUSIP: 46090A804<br>LEI: N/A                  | Long             | EC               | RF                | US        |    256868 | NS      | $12203798.68  | 6.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Exchange-Traded Fund Trust                  | INVESCO S&P SMAL | CUSIP: 46137V498<br>LEI: QPT4TMG79RF3UWNU0R52 | Long             | EC               | RF                | US        |    123391 | NS      | $9077875.87   | 5.11%             |  |  |  | No            |                  1 | On Loan: No      |
| J P Morgan Exchange Traded Fund Trust               | JPM HG EQ ETF    | CUSIP: 46654Q724<br>LEI: 5493001E1K1DVWDV2464 | Long             | EC               | RF                | US        |    271134 | NS      | $17623710.00  | 9.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Ssga Active Trust                                   | SPDR DBL TR ETF  | CUSIP: 78467V848<br>LEI: 549300MAXSRPQ75ICU67 | Long             | EC               | RF                | US        |    258334 | NS      | $10480610.38  | 5.90%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.                           | FRST AM-GV OB-X  | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   1582296 | PA      | $1582296.38   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| PIMCO ETF Trust                                     | PIMCO ACTIVE BON | CUSIP: 72201R775<br>LEI: 5493004M9TBGFQUJ6D27 | Long             | EC               | RF                | US        |    187325 | NS      | $17486788.75  | 9.84%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-28

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

**Signature:** James Colantino

**Name of Signer:** James Colantino

**Title:** Treasurer