# EDGAR Filing Document

**Accession Number:** 0001314414
**File Stem:** 0000910472-26-002745
**Filing Date:** 2026-2
**Character Count:** 33877
**Document Hash:** 337ebabd7ff786e415609262c5c3e099
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-002745.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0000910472-26-002745

**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:** 26683172

**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 Risk Spectrum 50 Fund (Series ID: S000071867)

| Class ID   | Class Name                                               | Ticker Symbol   |
|:---|:---|:---|
| C000227420 | Ocean Park Tactical Risk Spectrum 50 Fund Investor Class |  |
| C000227421 | Ocean Park Tactical Risk Spectrum 50 Fund Instl Class    |  |
| C000227422 | Ocean Park Tactical Risk Spectrum 50 Fund CLass C Shares |  |
| C000227423 | Ocean Park Tactical Risk Spectrum 50 Fund Class A Shares |  |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **OCEAN PARK TACTICAL RISK SPECTRUM 50 FUND** | **OCEAN PARK TACTICAL RISK SPECTRUM 50 FUND** | **OCEAN PARK TACTICAL RISK SPECTRUM 50 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 — 64.3%** |  |
|  | **EQUITY - 46.5%** |  |
| 149900 | Avantis International Small Cap Value ETF | &nbsp;&nbsp;&nbsp; $14086103 |
| 183900 | Dimensional International Small Cap Value ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6988200 |
| 125500 | Dimensional International Value ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6262450 |
| 76700 | iShares MSCI Canada ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4136431 |
| 95900 | iShares MSCI International Momentum Factor ETF | &nbsp;&nbsp;&nbsp; 4600323 |
| 784100 | State Street SPDR Portfolio S&P 500 ETF | &nbsp;&nbsp;&nbsp; 62900501 |
| 74000 | Vanguard FTSE Emerging Markets ETF | &nbsp;&nbsp;&nbsp; 3978240 |
| 34400 | Vanguard Growth ETF | &nbsp;&nbsp;&nbsp; 16782384 |
| 10000 | Vanguard Mid-Cap Growth ETF | &nbsp;&nbsp;&nbsp; 2791400 |
| 16600 | Vanguard Small-Cap Growth ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 5015026 |
| 16900 | WisdomTree Japan Hedged Equity Fund ETF | &nbsp;&nbsp;&nbsp; 2436304 |
|  |  | &nbsp;&nbsp; 129977362 |
|  | **FIXED INCOME - 17.8%** |  |
| 119600 | Eldridge BBB-B CLO ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3167008 |
| 68800 | First Trust Senior Loan ETF | &nbsp;&nbsp;&nbsp; 3156544 |
| 468900 | Invesco Senior Loan ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 9846900 |
| 36600 | iShares CMBS ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1796328 |
| 69500 | iShares Floating Rate Bond ETF | &nbsp;&nbsp;&nbsp; 3534770 |
| 159142 | JPMorgan Mortgage-Backed Securities ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 8125791 |
| 120100 | PIMCO Multi Sector Bond Active ETF | &nbsp;&nbsp;&nbsp; 3204268 |
| 74600 | SPDR Blackstone Senior Loan ETF | &nbsp;&nbsp;&nbsp; 3078742 |
| 25200 | Vanguard Intermediate-Term Corporate Bond ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2110500 |
| 157300 | Vanguard Total Bond Market ETF | &nbsp;&nbsp;&nbsp; 11651211 |
|  |  | &nbsp;&nbsp; 49672062 |
|  | **TOTAL EXCHANGE-TRADED FUNDS (Cost $161,070,832)** | &nbsp;&nbsp; 179649424 |
|  | **OPEN END FUNDS — 35.3%** |  |
|  | **ALTERNATIVE - 3.0%** |  |
| 368587 | DoubleLine Flexible Income Fund, Class I | &nbsp;&nbsp;&nbsp; 3228821 |
| 526292 | Finisterre Emerging Markets Total Return Bond Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 5083984 |
| 1 | JPMorgan Hedged Equity Fund, Class I | &nbsp;&nbsp;&nbsp; 37 |
|  |  | &nbsp;&nbsp; 8312842 |

---

---

| | | |
|:---|:---|:---|
| **OCEAN PARK TACTICAL RISK SPECTRUM 50 FUND** | **OCEAN PARK TACTICAL RISK SPECTRUM 50 FUND** | **OCEAN PARK TACTICAL RISK SPECTRUM 50 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 — 35.3% (Continued)** |  |
|  | **EQUITY - 1.5%** |  |
| 1 | Kopernik Global All-Cap Fund, Class I | &nbsp;&nbsp;&nbsp; $18 |
| 130488 | Thornburg Investment Income Builder Fund, Class I | &nbsp;&nbsp;&nbsp; 4330886 |
|  |  | &nbsp;&nbsp; 4330904 |
|  | **FIXED INCOME - 30.8%** |  |
| 545 | Allspring California Tax-Free Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 5700 |
| 1816 | Ashmore Emerging Markets Total Return Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 9771 |
| 593 | BlackRock Floating Rate Income Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 5654 |
| 537726 | BlackRock High Yield Portfolio Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 3882381 |
| 1176 | BlackRock National Municipal Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 11748 |
| 842 | BlackRock Strategic Income Opportunities Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 8229 |
| 371 | BlackRock Strategic Municipal Opportunities Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 3854 |
| 598194 | CrossingBridge Low Duration High Income Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 5773468 |
| 355323 | DoubleLine Low Duration Emerging Markets Fixed Income Fund, Class I | &nbsp;&nbsp;&nbsp; 3457294 |
| 347052 | Eaton Vance Emerging Markets Debt Opportunities Fund, Class I | &nbsp;&nbsp;&nbsp; 2894416 |
| 837454 | JPMorgan Income Fund, Class I | &nbsp;&nbsp;&nbsp; 7210480 |
| 1375 | Metropolitan West Total Return Bond Fund, Class I | &nbsp;&nbsp;&nbsp; 12610 |
| 1225 | Neuberger Berman Strategic Income Fund, Class I | &nbsp;&nbsp;&nbsp; 12533 |
| 117822 | North Square Preferred And Income Securities Fund, Class I | &nbsp;&nbsp;&nbsp; 2504906 |
| 673 | Nuveen All-American Municipal Bond Fund, Class I | &nbsp;&nbsp;&nbsp; 6724 |
| 2596 | Nuveen Bond Index Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 25418 |
| 1959 | Nuveen High Yield Municipal Bond Fund, Class I | &nbsp;&nbsp;&nbsp; 28007 |
| 1416 | Nuveen Preferred Securities and Income Fund, Class I | &nbsp;&nbsp;&nbsp; 23059 |
| 481 | Nuveen Short Duration High Yield Municipal Bond Fund, Class I | &nbsp;&nbsp;&nbsp; 4524 |
| 755 | Nuveen Strategic Income Fund, Class I | &nbsp;&nbsp;&nbsp; 7550 |
| 678 | PIMCO Diversified Income Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 6837 |
| 2258 | PIMCO Emerging Markets Bond Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 20551 |
| 0<sup>(e)</sup> | PIMCO Emerging Markets Currency and Short-Term Investments Fund, Institutional Class<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 0<sup>(f)</sup> |
| 3 | PIMCO Emerging Markets Full Spectrum Bond Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 20 |
| 2644589 | PIMCO Income Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 29064037 |
| 280868 | PIMCO International Bond Fund U.S. Dollar-Hedged, Institutional Class | &nbsp;&nbsp;&nbsp; 2789020 |
| 226953 | PIMCO Investment Grade Credit Bond Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 2087970 |
| 486927 | PIMCO Long-Term Credit Bond Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 4333650 |
| 289 | PIMCO Low Duration Income Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 2402 |
| 456 | PIMCO Real Return Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 4732 |

---

---

| | | |
|:---|:---|:---|
| **OCEAN PARK TACTICAL RISK SPECTRUM 50 FUND** | **OCEAN PARK TACTICAL RISK SPECTRUM 50 FUND** | **OCEAN PARK TACTICAL RISK SPECTRUM 50 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 — 35.3% (Continued)** |  |
|  | **FIXED INCOME - 30.8% (Continued)** |  |
| 982 | PIMCO Total Return Fund, Institutional Class | &nbsp;&nbsp;&nbsp; $8703 |
| 610174 | Principal Spectrum Preferred and Capital Securities Income Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 5711232 |
| 347399 | RiverPark Strategic Income Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 2954487 |
| 3367 | TCW Emerging Markets Income Fund, Class I | &nbsp;&nbsp;&nbsp; 23398 |
| 1134833 | Thornburg Strategic Income Fund, Class I | &nbsp;&nbsp;&nbsp; 13164060 |
|  |  | &nbsp;&nbsp; 86059425 |
|  | **TOTAL OPEN END FUNDS (Cost $94,916,941)** | &nbsp;&nbsp; 98703171 |
|  | **SHORT-TERM INVESTMENTS — 9.8%** |  |
|  | **COLLATERAL FOR SECURITIES LOANED - 9.6%** |  |
| 26950810 | First American Government Obligations Fund, Class X, 3.67%<sup>(b)(d)</sup> **(Cost $26,950,810)** | &nbsp;&nbsp;&nbsp; 26950810 |
|  | **MONEY MARKET FUND - 0.2%** |  |
| 455852 | First American Government Obligations Fund, Class X, 3.67%<sup>(d)</sup> **(Cost $455,852)** | &nbsp;&nbsp;&nbsp; 455852 |
|  | **TOTAL SHORT-TERM INVESTMENTS (Cost $27,406,662)** | 27406662 |
|  | **TOTAL INVESTMENTS - 109.4% (Cost $283,394,435)** | &nbsp;&nbsp;&nbsp; $305759257 |
|  | **LIABILITIES IN EXCESS OF OTHER ASSETS - (9.4)%** | &nbsp;&nbsp; (26229292) |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $279529965 |

---

---

| | |
|:---|:---|
| CLO | - Collateralized Loan Obligation |
| CMBS | - Commercial Mortgage Backed Securities |
| ETF | - Exchange-Traded Fund |
| MSCI | - Morgan Stanley Capital International |
| 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 $26,077,529, 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 $26,950,810 at December 31, 2025. |
| <sup>(c)</sup> | Non-income producing security. |
| <sup>(d)</sup> | Rate disclosed is the seven day effective yield as of December 31, 2025. |
| <sup>(e)</sup> | Less than one share. |
| <sup>(f)</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 Risk Spectrum 50 Fund

- **b. EDGAR series identifier (if any):** S000071867

- **c. LEI of Series:** 549300WMMTSKG217RJ14

**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:** $280008321.28

**Total Liabilities:** $478356.17

**Net Assets:** $279529965.11

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000227420 | 0.94%                | 0.28%                | 0.51%                |
| Class ID C000227421 | 0.98%                | 0.32%                | 0.55%                |
| Class ID C000227422 | 0.91%                | 0.25%                | 0.44%                |
| Class ID C000227423 | 0.94%                | 0.32%                | 0.49%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1756586.02              | $776593.58                                 |
| Month 2  | $1184555.15              | $-701030.46                                |
| Month 3  | $797647.34               | $-666372.39                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Advisors Inner Circle Fund II                    | KOPER-GL A/C-INS         | CUSIP: 00766Y299<br>LEI: 549300OEHDTB2ALCAX69 | Long             | EC               | RF                | US        |         1 | NS      | $18.08        | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| American Century ETF Trust                       | AVANTIS INTL S/C         | CUSIP: 025072802<br>LEI: 5493006IKK34YJD98183 | Long             | EC               | RF                | US        |    149900 | NS      | $14086103.00  | 5.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Ashmore Funds                                    | ASHM-EM T/R-INS          | CUSIP: 044820405<br>LEI: N/A                  | Long             | EC               | RF                | US        |      1816 | NS      | $9771.24      | 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        |      1172 | NS      | $11709.68     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Blackrock Municipal Series Trust                 | BLRK-STR MUN-I           | CUSIP: 09253E609<br>LEI: N13FNQG6SVW6WDIWRJ75 | Long             | EC               | RF                | US        |       370 | NS      | $3841.26      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Blackrock Funds V                                | BLKR-STR INC-INS         | CUSIP: 09260B382<br>LEI: 54930077DSFQPJDWM487 | Long             | EC               | RF                | US        |       839 | NS      | $8193.88      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Blackrock Funds V                                | BLKR-HI YLD-INS          | CUSIP: 09260B630<br>LEI: 54930077DSFQPJDWM487 | Long             | EC               | RF                | US        |    534711 | NS      | $3860616.71   | 1.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Blackrock Funds V                                | BLK-FLOAT RA-INS         | CUSIP: 09260B747<br>LEI: 54930077DSFQPJDWM487 | Long             | EC               | RF                | US        |       589 | NS      | $5623.74      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Dimensional ETF Trust                            | DI INTL S-C V ET         | CUSIP: 25434V781<br>LEI: 549300TQ0DPO13B72F34 | Long             | EC               | RF                | US        |    183900 | NS      | $6988200.00   | 2.50%             |  |  |  | No            | 1                  | On Loan: —       |
| Dimensional ETF Trust                            | DIM INTL VALUE           | CUSIP: 25434V807<br>LEI: 549300TQ0DPO13B72F34 | Long             | EC               | RF                | US        |    125500 | NS      | $6262450.00   | 2.24%             |  |  |  | No            | 1                  | On Loan: —       |
| Doubleline Funds Trust                           | DBL-LW DR EM-I           | CUSIP: 258620772<br>LEI: 549300MUFFXFRMY0RH66 | Long             | EC               | RF                | US        |    352779 | NS      | $3432536.45   | 1.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Doubleline Funds Trust                           | DBL-FLX INC-I            | CUSIP: 258620798<br>LEI: 549300MUFFXFRMY0RH66 | Long             | EC               | RF                | US        |    366536 | NS      | $3210855.34   | 1.15%             |  |  |  | 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        |    335869 | NS      | $2801145.55   | 1.00%             |  |  |  | No            | 1                  | On Loan: No      |
| First American Funds Inc.                        | FRST AM-GV OB-X          | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |    455852 | PA      | $455852.24    | 0.16%             |  |  |  | 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 IV              | FT-SENIOR LOAN           | CUSIP: 33738D309<br>LEI: 5493006CBTW7P2B31B80 | Long             | EC               | RF                | US        |     68800 | NS      | $3156544.00   | 1.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Invesco Exchange Traded Fund Trust II            | INVESCO SENIOR L         | CUSIP: 46138G508<br>LEI: O540V2L4S174Y60FMD36 | Long             | EC               | RF                | US        |    468900 | NS      | $9846900.00   | 3.52%             |  |  |  | No            | 1                  | On Loan: —       |
| Ishares Inc                                      | ISHARES MSCI CAN         | CUSIP: 464286509<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |     76700 | NS      | $4136431.00   | 1.48%             |  |  |  | No            | 1                  | On Loan: —       |
| iShares Trust                                    | ISHARES CMBS ETF         | CUSIP: 46429B366<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     36600 | NS      | $1796328.00   | 0.64%             |  |  |  | No            | 1                  | On Loan: —       |
| iShares Trust                                    | ISHARES FLOATING         | CUSIP: 46429B655<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     69500 | NS      | $3534770.00   | 1.26%             |  |  |  | No            | 1                  | On Loan: No      |
| iShares Trust                                    | ISHARES MSCI INT         | CUSIP: 46434V449<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     95900 | NS      | $4600323.00   | 1.65%             |  |  |  | No            | 1                  | On Loan: No      |
| JP Morgan Trust I                                | JPM IMCOME-I             | CUSIP: 46637K224<br>LEI: 549300DM5WZMCZZ70R78 | Long             | EC               | RF                | US        |    833321 | NS      | $7174889.97   | 2.57%             |  |  |  | No            | 1                  | On Loan: No      |
| JP Morgan Trust I                                | JPM-HDG EQTY-I           | CUSIP: 46637K281<br>LEI: 549300DM5WZMCZZ70R78 | Long             | EC               | RF                | US        |         1 | NS      | $36.53        | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| J P Morgan Exchange Traded Fund Trust            | JPM MORTGAGE BS          | CUSIP: 46654Q575<br>LEI: 5493001E1K1DVWDV2464 | Long             | EC               | RF                | US        |    159142 | NS      | $8125790.52   | 2.91%             |  |  |  | No            | 1                  | On Loan: —       |
| Metropolitan West Funds                          | MW-T/R BND-I             | CUSIP: 592905509<br>LEI: 549300KGDNJW6FXNDC82 | Long             | EC               | RF                | US        |      1362 | NS      | $12504.72     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Neuberger Berman Income Funds                    | NEUBERGER-STRA-I         | CUSIP: 64128K751<br>LEI: 54930087F7MMJ21RIJ90 | Long             | EC               | RF                | US        |      1218 | NS      | $12463.49     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Exchange Place Advisors Trust                    | NR SQ PR&IN SE-I         | CUSIP: 66263L882<br>LEI: 549300K2CKCXH4E67T58 | Long             | EC               | RF                | US        |    117822 | NS      | $2504906.16   | 0.90%             |  |  |  | No            | 1                  | On Loan: No      |
| Nuveen Municipal                                 | NVN-SH DUR HY-I          | CUSIP: 67065Q699<br>LEI: 549300D2RECSQKX7NC33 | Long             | EC               | RF                | US        |       479 | NS      | $4504.74      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Nuveen Municipal                                 | NVN-H/Y MUN-I            | CUSIP: 67065Q772<br>LEI: 549300D2RECSQKX7NC33 | Long             | EC               | RF                | US        |      1949 | NS      | $27875.29     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Nuveen Municipal                                 | NVN-ALL AMER-I           | CUSIP: 67065Q855<br>LEI: 549300D2RECSQKX7NC33 | Long             | EC               | RF                | US        |       671 | NS      | $6698.88      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Nuveen Investment Funds                          | NVN-STR INC-I            | CUSIP: 670678390<br>LEI: T3MQBTRBVMWQY3LBIL50 | Long             | EC               | RF                | US        |       751 | NS      | $7514.93      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Nuveen Investments Trust V                       | NVN-PREF SEC-I           | CUSIP: 670700400<br>LEI: 5493005YOHPRCB8M2Y83 | Long             | EC               | RF                | US        |      1410 | NS      | $22948.26     | 0.01%             |  |  |  | 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        |       978 | NS      | $8669.16      | 0.00%             |  |  |  | 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        |    279786 | NS      | $2778270.17   | 0.99%             |  |  |  | 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        |       455 | NS      | $4715.35      | 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        |      2246 | NS      | $20438.64     | 0.01%             |  |  |  | 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        |       675 | NS      | $6805.13      | 0.00%             |  |  |  | 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        |       288 | NS      | $2391.19      | 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        |    226003 | NS      | $2079226.12   | 0.74%             |  |  |  | No            | 1                  | On Loan: No      |
| PIMCO Funds                                      | PIMCO-E/M C-INS          | CUSIP: 72201F409<br>LEI: 5493003B5Y5GR0Y25Y76 | Long             | EC               | RF                | US        |         0 | NS      | $0.05         | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| PIMCO Funds                                      | PIMCO-INCOME-INS         | CUSIP: 72201F490<br>LEI: 5493003B5Y5GR0Y25Y76 | Long             | EC               | RF                | US        |   2631420 | NS      | $28919309.22  | 10.35%            |  |  |  | No            | 1                  | On Loan: No      |
| PIMCO Funds                                      | PIMCO-L/T CR-INS         | CUSIP: 72201P647<br>LEI: 5493003B5Y5GR0Y25Y76 | Long             | EC               | RF                | US        |    484529 | NS      | $4312307.91   | 1.54%             |  |  |  | No            | 1                  | On Loan: No      |
| PIMCO ETF Trust                                  | PIMCO MULTISECT          | CUSIP: 72201R585<br>LEI: 5493004M9TBGFQUJ6D27 | Long             | EC               | RF                | US        |    120100 | NS      | $3204268.00   | 1.15%             |  |  |  | No            | 1                  | On Loan: No      |
| PIMCO Funds                                      | PIMCO-EMG FUL-IS         | CUSIP: 72201U562<br>LEI: 5493003B5Y5GR0Y25Y76 | Long             | EC               | RF                | US        |         3 | NS      | $19.70        | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Principal Funds Inc                              | PRIN-PR & CA-INS         | CUSIP: 74253Q416<br>LEI: 549300HZGBXSW6DSXF23 | Long             | EC               | RF                | US        |    610174 | NS      | $5711231.59   | 2.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Principal Funds Inc                              | PRIN-FI EM T-INS         | CUSIP: 74255L175<br>LEI: 549300HZGBXSW6DSXF23 | Long             | EC               | RF                | US        |    526292 | NS      | $5083985.33   | 1.82%             |  |  |  | No            | 1                  | On Loan: No      |
| SPDR Series Trust                                | STATE STREET SPD         | CUSIP: 78464A854<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |    784100 | NS      | $62900502.00  | 22.50%            |  |  |  | No            | 1                  | On Loan: No      |
| Ssga Active Trust                                | SPDR BLACKSTONE          | CUSIP: 78467V608<br>LEI: 549300MAXSRPQ75ICU67 | Long             | EC               | RF                | US        |     74600 | NS      | $3078742.00   | 1.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Series Portfolios Trust                          | ELD BBB-B CL ETF         | CUSIP: 81752T528<br>LEI: 5493008VNHP5UNYJ3713 | Long             | EC               | RF                | US        |    119600 | NS      | $3167008.00   | 1.13%             |  |  |  | No            | 1                  | On Loan: —       |
| Tcw Funds Inc                                    | TCW EMERGING MAR         | CUSIP: 87234N765<br>LEI: 54930078E2I2DS4UJ217 | Long             | EC               | RF                | US        |      3367 | NS      | $23398.21     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Tiaa-Cref Fund                                   | NUVEEN BOND INDE         | CUSIP: 87245M848<br>LEI: 549300L8R42TEBN5NG46 | Long             | EC               | RF                | US        |      2588 | NS      | $25335.19     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Thornburg Investment Trust                       | THRNB-STR IN-I           | CUSIP: 885215194<br>LEI: 5493001XM52H8S4WYY82 | Long             | EC               | RF                | US        |   1130097 | NS      | $13109125.43  | 4.69%             |  |  |  | No            | 1                  | On Loan: No      |
| Thornburg Investment Trust                       | THRNB-INC BLD-I          | CUSIP: 885215467<br>LEI: 5493001XM52H8S4WYY82 | Long             | EC               | RF                | US        |    130488 | NS      | $4330885.77   | 1.55%             |  |  |  | No            | 1                  | On Loan: No      |
| Trust For Professional Managers                  | CROSB L D HI-INS         | CUSIP: 89834G604<br>LEI: 549300O1N816L3GGRD45 | Long             | EC               | RF                | US        |    598194 | NS      | $5773468.23   | 2.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Trust For Professional Managers                  | RVRP-STR INC-INS         | CUSIP: 89834G679<br>LEI: 549300O1N816L3GGRD45 | Long             | EC               | RF                | US        |    347399 | NS      | $2954487.04   | 1.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Vanguard Bond Index Funds                        | VANGUARD TOTAL B         | CUSIP: 921937835<br>LEI: 549300INE5BF80OGAZ51 | Long             | EC               | RF                | US        |    157300 | NS      | $11651211.00  | 4.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Vanguard International Equity Index Funds        | VANGUARD FTSE EM         | CUSIP: 922042858<br>LEI: 549300UR5XWDVDO7NP96 | Long             | EC               | RF                | US        |     74000 | NS      | $3978240.00   | 1.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Vanguard Scottsdale Funds                        | VANGUARD INT TER         | CUSIP: 92206C870<br>LEI: 549300Y88GQ3VLJIBX57 | Long             | EC               | RF                | US        |     25200 | NS      | $2110500.00   | 0.76%             |  |  |  | No            | 1                  | On Loan: —       |
| Vanguard Index Funds                             | VANGUARD M/C GRW         | CUSIP: 922908538<br>LEI: 549300G6KNDK44WUN559 | Long             | EC               | RF                | US        |     10000 | NS      | $2791400.00   | 1.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Vanguard Index Funds                             | VANGUARD S/C G E         | CUSIP: 922908595<br>LEI: 549300G6KNDK44WUN559 | Long             | EC               | RF                | US        |     16600 | NS      | $5015026.00   | 1.79%             |  |  |  | No            | 1                  | On Loan: —       |
| Vanguard Index Funds                             | VANGUARD GRW ETF         | CUSIP: 922908736<br>LEI: 549300G6KNDK44WUN559 | Long             | EC               | RF                | US        |     34400 | NS      | $16782384.00  | 6.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Allspring Funds Trust                            | ALLSP-CA T/F-INS         | CUSIP: 94988A734<br>LEI: 549300XROIY0CTN7RZ24 | Long             | EC               | RF                | US        |       543 | NS      | $5682.73      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Wisdomtree Trust                                 | WISDOMTREE JPN H         | CUSIP: 97717W851<br>LEI: 549300SEVJBU47TE8855 | Long             | EC               | RF                | US        |     16900 | NS      | $2436304.00   | 0.87%             |  |  |  | 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