# EDGAR Filing Document

**Accession Number:** 0001314414
**File Stem:** 0000910472-25-005576
**Filing Date:** 2025-12
**Character Count:** 25652
**Document Hash:** 61f6943cc8cc9478e14f4d1e88f8c55a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-005576.hdr.sgml**: 20251210

**ACCESSION NUMBER**: 0000910472-25-005576

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251210

**DATE AS OF CHANGE**: 20251209

**PERIOD START**: 20251031

**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:** 251560250

**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

### Navigator Tactical U.S. Allocation Fund (Series ID: S000070872)

| Class ID   | Class Name                                      | Ticker Symbol   |
|:---|:---|:---|
| C000225125 | Navigator Tactical U.S. Allocation Fund Class I | NTAIX           |

## 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:** Navigator Tactical U.S. Allocation Fund

- **b. EDGAR series identifier (if any):** S000070872

- **c. LEI of Series:** 549300G5M55K2WBS7Z32

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

- **a. Date of fiscal year-end:** 2025-10-31

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

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $71732618.86

**Total Liabilities:** $1084977.06

**Net Assets:** $70647641.80

**Cash Not Reported:** $3345032.28

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 2627.85298400 | **1-Year:** 887.39670300 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000225125 | 1.93%                | 3.52%                | 2.23%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1580.38                 | $121250.62                                 |
| Month 2  | $41.13                   | $144467.07                                 |
| Month 3  | $15296.20                | $76175.28                                  |

**Designated Index Information**

- **Index Name:** S&P 500 (TR)

- **Index Identifier:** 500TR

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Keurig Dr Pepper Inc                         | KDP Float 11/15/26      | CUSIP: 49271VAY6<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000157.77   | 1.42%             | 2026-11-15      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                 | ORCL 2.65 07/15/26      | CUSIP: 68389XBM6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $990065.35    | 1.40%             | 2026-07-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Dell International LLC / EMC Corp.           | DELL 6.02 06/15/26      | CUSIP: 24703TAD8<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201491.46    | 0.29%             | 2026-06-15      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| Amphenol Corporation                         | APH Float 11/15/27      | CUSIP: 032095AV3<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1002195.36   | 1.42%             | 2027-11-15      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| Skyworks Solutions, Inc.                     | SWKS 1.8 06/01/26       | CUSIP: 83088MAK8<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $984895.20    | 1.39%             | 2026-06-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| Sempra                                       | SRE 5.4 08/01/26        | CUSIP: 816851BQ1<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1006883.66   | 1.43%             | 2026-08-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Volkswagen Group of America Finance LLC      | VW Float 03/20/26       | CUSIP: 928668CD2<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000947.00   | 1.42%             | 2026-03-20      | Floating      | 5.03%                 | Yes           |                  2 | On Loan: No      |
| American Honda Finance Corporation           | HNDA Float 08/13/27     | CUSIP: 02665WGH8<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1002266.84   | 1.42%             | 2027-08-13      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| American Honda Finance Corporation           | HNDA Float 07/09/27     | CUSIP: 02665WGE5<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1005165.32   | 1.42%             | 2027-07-09      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                      | MPLX 1 3/4 03/01/26     | CUSIP: 55336VBR0<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $991665.86    | 1.40%             | 2026-03-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                            | WFC 3.196 06/17/27      | CUSIP: 95000U2F9<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $993814.55    | 1.41%             | 2027-06-17      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Avnet, Inc.                                  | AVT 4 5/8 04/15/26      | CUSIP: 053807AS2<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999958.03    | 1.42%             | 2026-04-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BMW US Capital, LLC                          | BMW Float 03/19/27      | CUSIP: 05565ECV5<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1003702.34   | 1.42%             | 2027-03-19      | Floating      | 4.98%                 | Yes           |                  2 | On Loan: No      |
| GlaxoSmithKline Capital PLC                  | GSK Float 03/12/27      | CUSIP: 377373AN5<br>LEI: 549300U0LV41VX7LEP38 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1005526.30   | 1.42%             | 2027-03-12      | Floating      | 4.73%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                        | BAC 1.734 07/22/27      | CUSIP: 06051GJS9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $982391.37    | 1.39%             | 2027-07-22      | Fixed         | 1.73%                 | No            |                  2 | On Loan: No      |
| Entergy Corporation                          | ETR 2.95 09/01/26       | CUSIP: 29364GAJ2<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $991261.57    | 1.40%             | 2026-09-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Cooperatieve Rabobank U.A. New York Branch   | RABOBK Float 08/28/26   | CUSIP: 21688ABG6<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |   1000000 | PA      | $1002722.02   | 1.42%             | 2026-08-28      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| Citibank, N.A.                               | C Float 05/29/27        | CUSIP: 17325FBQ0<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1007421.21   | 1.43%             | 2027-05-29      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| eBay Inc.                                    | EBAY 1.4 05/10/26       | CUSIP: 278642AX1<br>LEI: OML71K8X303XQONU6T67 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $985822.75    | 1.40%             | 2026-05-10      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| Autozone, Inc.                               | AZO 3 1/8 04/21/26      | CUSIP: 053332AT9<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $995031.74    | 1.41%             | 2026-04-21      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| The Charles Schwab Corporation               | SCHW FLOAT 05/13/26     | CUSIP: 808513BQ7<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000322.31   | 1.42%             | 2026-05-13      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| Dreyfus Treasury Obligations Cash Management | DREY-T O C/M-INS        | CUSIP: 261908107<br>LEI: 549300MKKM9KT7BF6329 | Long             | STIV             | RF                | US        |   8563352 | PA      | $8563352.41   | 12.12%            |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Services, Inc.              | UHS 1.65 09/01/26       | CUSIP: 913903AZ3<br>LEI: 549300YGMGQDO0NMJD09 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $979029.33    | 1.39%             | 2026-09-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                              | CVS 2 7/8 06/01/26      | CUSIP: 126650CU2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $992050.44    | 1.40%             | 2026-06-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Mattel, Inc.                                 | MAT 3 3/8 04/01/26      | CUSIP: 577081BE1<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $994323.16    | 1.41%             | 2026-04-01      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                         | JPM 1.47 09/22/27       | CUSIP: 46647PCP9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $976491.80    | 1.38%             | 2027-09-22      | Fixed         | 1.47%                 | No            |                  2 | On Loan: No      |
| Jabil Inc                                    | JBL 1.7 04/15/26        | CUSIP: 466313AL7<br>LEI: 5493000CGCQY2OQU7669 | Long             | DBT              | CORP              | US        |    881000 | PA      | $870952.70    | 1.23%             | 2026-04-15      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| Ross Stores Inc                              | ROST 0 7/8 04/15/26     | CUSIP: 778296AF0<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $985150.86    | 1.39%             | 2026-04-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                      | HYNMTR Float 03/25/27   | CUSIP: 44891ADS3<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1002665.32   | 1.42%             | 2027-03-25      | Floating      | 5.19%                 | Yes           |                  2 | On Loan: No      |
| Sprint LLC                                   | S 7 5/8 03/01/26        | CUSIP: 85207UAK1<br>LEI: 549300ZTTY7CXOLJ6539 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000000.00   | 1.42%             | 2026-03-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Crown Castle Inc.                            | CCI 3.7 06/15/26        | CUSIP: 22822VAC5<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $995692.84    | 1.41%             | 2026-06-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                 | ORCL 1.65 03/25/26      | CUSIP: 68389XCC7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $990198.22    | 1.40%             | 2026-03-25      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                     | HCA 5 7/8 02/15/26      | CUSIP: 404119BS7<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1001202.65   | 1.42%             | 2026-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| The Boeing Company                           | BA 2.196 02/04/26       | CUSIP: 097023DG7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $994691.00    | 1.41%             | 2026-02-04      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Merck & Co., Inc                             | MRK Float 09/15/27      | CUSIP: 58933YBU8<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1006071.56   | 1.42%             | 2027-09-15      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| Equinix, Inc.                                | EQIX 1.45 05/15/26      | CUSIP: 29444UBQ8<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $985140.40    | 1.39%             | 2026-05-15      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| Fortive Corporation                          | FTV 3.15 06/15/26       | CUSIP: 34959JAG3<br>LEI: 549300MU9YQJYHDQEF63 | Long             | DBT              | CORP              | US        |    866000 | PA      | $859973.97    | 1.22%             | 2026-06-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Take-Two Interactive Software Inc.           | TTWO 5 03/28/26         | CUSIP: 874054AJ8<br>LEI: BOMSTHHJK882EWYX3334 | Long             | DBT              | CORP              | US        |   1121000 | PA      | $1124825.38   | 1.59%             | 2026-03-28      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TD Synnex Corp                               | SNX 1 3/4 08/09/26      | CUSIP: 87162WAF7<br>LEI: 5493004HI6PFLF46NS53 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $980857.14    | 1.39%             | 2026-08-09      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                               | MS 1.593 05/04/27       | CUSIP: 61772BAB9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $986501.05    | 1.40%             | 2027-05-04      | Fixed         | 1.59%                 | No            |                  2 | On Loan: No      |
| Lowes Companies, Inc.                        | LOW 4.8 04/01/26        | CUSIP: 548661EP8<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1001983.18   | 1.42%             | 2026-04-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Bayer US Finance II LLC                      | BAYNGR 4 1/4 12/15/25   | CUSIP: 07274NAJ2<br>LEI: 529900XWNEXYNJ3X6T40 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999553.15    | 1.41%             | 2025-12-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| The Allstate Corporation                     | ALL 0 3/4 12/15/25      | CUSIP: 020002BH3<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | DBT              | CORP              | US        |    912000 | PA      | $908246.70    | 1.29%             | 2025-12-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Fortinet Inc                                 | FTNT 1 03/15/26         | CUSIP: 34959EAA7<br>LEI: 549300O0QJWDBAS0QX03 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $987111.84    | 1.40%             | 2026-03-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Royal Caribbean Group                        | RCL 4 1/4 07/01/26      | CUSIP: 780153BH4<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   1000000 | PA      | $998923.19    | 1.41%             | 2026-07-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                         | JPM 3.96 01/29/27       | CUSIP: 46647PBA3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999059.87    | 1.41%             | 2027-01-29      | Fixed         | 3.96%                 | No            |                  2 | On Loan: No      |
| Conagra Brands Inc                           | CAG 4.6 11/01/25        | CUSIP: 205887CB6<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000000.00   | 1.42%             | 2025-11-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                | F 2.7 08/10/26          | CUSIP: 345397B77<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $985861.55    | 1.40%             | 2026-08-10      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Teledyne Technologies Inc                    | TDY 1.6 04/01/26        | CUSIP: 879360AC9<br>LEI: 549300VSMO9KYQWDND94 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $988331.20    | 1.40%             | 2026-04-01      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| Weyerhaeuser Company                         | WY 4 3/4 05/15/26       | CUSIP: 962166CC6<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | DBT              | CORP              | US        |    341000 | PA      | $342079.36    | 0.48%             | 2026-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Finance North America LLC      | MBGGR Float 04/01/27    | CUSIP: 58769JBD8<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1004643.70   | 1.42%             | 2027-04-01      | Floating      | 4.99%                 | Yes           |                  2 | On Loan: No      |
| Conagra Brands Inc                           | CAG 5.3 10/01/26        | CUSIP: 205887CJ9<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1009286.19   | 1.43%             | 2026-10-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Marriott International, Inc.                 | MAR 3 1/8 06/15/26      | CUSIP: 571903AS2<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |   1177000 | PA      | $1170076.50   | 1.66%             | 2026-06-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE (FLOOR)          | S&P500 EMINI FUT  Dec25 | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | Long             | DE               | CORP              | US        |       194 | NC      | $2186390.00   | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Dupont De Nemours Inc                        | DD 4.493 11/15/25       | CUSIP: 26078JAC4<br>LEI: 5493004JF0SDFLM8GD76 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999736.64    | 1.42%             | 2025-11-15      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| Vanguard Index Funds                         | VANGUARD S&P 500        | CUSIP: 922908363<br>LEI: 549300G6KNDK44WUN559 | Long             | EC               | RF                | US        |      6300 | NS      | $3950352.00   | 5.59%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile USA, Inc.                           | TMUS 1 1/2 02/15/26     | CUSIP: 87264ABZ7<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $991849.86    | 1.40%             | 2026-02-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Kraft Heinz Foods Company                    | KHC 3 06/01/26          | CUSIP: 50077LAD8<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $992601.53    | 1.41%             | 2026-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |

### Signature

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

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

**Signature:** James Colantino

**Name of Signer:** James Colantino

**Title:** Treasurer