# EDGAR Filing Document

**Accession Number:** 0001314414
**File Stem:** 0000910472-26-004987
**Filing Date:** 2026-3
**Character Count:** 10805
**Document Hash:** 2ea4ee47ccd9c808d99a37d7daffb53f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-004987.hdr.sgml**: 20260331

**ACCESSION NUMBER**: 0000910472-26-004987

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260331

**DATE AS OF CHANGE**: 20260331

**PERIOD START**: 20260430

**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:** 26818258

**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

### Toews Agility Shares Managed Risk ETF (Series ID: S000060147)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000196860 | Toews Agility Shares Managed Risk ETF | MRSK            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **TOEWS AGILITY SHARES DYNAMIC TACTICAL INCOME ETF** | **TOEWS AGILITY SHARES DYNAMIC TACTICAL INCOME ETF** | **TOEWS AGILITY SHARES DYNAMIC TACTICAL INCOME ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **January 31, 2026** | **January 31, 2026** | **January 31, 2026** |
| **Shares** |  | **Fair Value** |
|  | **EXCHANGE-TRADED FUNDS — 99.4%** |  |
|  | **FIXED INCOME - 99.4%** |  |
| 472600 | iShares Broad USD High Yield Corporate Bond ETF | $17788664 |
| 646900 | iShares Fallen Angels USD Bond ETF | 17835033 |
| 748500 | SPDR Portfolio High Yield Bond ETF | 17829270 |
| 481100 | Xtrackers USD High Yield Corporate Bond ETF | 17824755 |
|  | **TOTAL EXCHNAGE-TRADED FUNDS (Cost $71,015,252)** | 71277722 |
|  | **TOTAL INVESTMENTS - 99.4% (Cost $71,015,252)** | $71277722 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES- 0.6%** | 466007 |
|  | **NET ASSETS - 100.0%** | $71743729 |

---

---

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

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **TOEWS AGILITY SHARES MANAGED RISK ETF** | **TOEWS AGILITY SHARES MANAGED RISK ETF** | **TOEWS AGILITY SHARES MANAGED RISK ETF** | **TOEWS AGILITY SHARES MANAGED RISK ETF** | **TOEWS AGILITY SHARES MANAGED RISK ETF** | **TOEWS AGILITY SHARES MANAGED RISK ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **January 31, 2026** | **January 31, 2026** | **January 31, 2026** | **January 31, 2026** | **January 31, 2026** | **January 31, 2026** |
| **Shares** |  |  | | | **Fair Value** |
| | **EXCHANGE-TRADED FUNDS — 86.2%** | **EXCHANGE-TRADED FUNDS — 86.2%** | | | |
| | **EQUITY - 86.2%** | **EQUITY - 86.2%** | | | |
| 382080 | iShares Core S&P 500 ETF | iShares Core S&P 500 ETF |  |  | $265557062 |
|  | **TOTAL EXCHANGE-TRADED FUNDS (Cost $229,296,076)** | **TOTAL EXCHANGE-TRADED FUNDS (Cost $229,296,076)** |  |  |  |
| **Contracts<sup>(a)</sup>** |  |  |  |  |  |
|  | **FUTURE OPTIONS PURCHASED - 7.5%** | **Expiration Date** | **Exercise Price** | **Notional Value** |  |
|  | **PUT OPTIONS PURCHASED - 7.5%** |  |  |  |  |
| 912 | CME E-Mini Standard & Poor's 500 Index Future | 12/17/2027 | $6800 | $334156800 | $22891200 |
| 456 | CME E-Mini Standard & Poor's 500 Index Future | 03/20/2026 | 5850 | 158819100 | 324900 |
|  | **TOTAL FUTURE OPTIONS PURCHASED (Cost - $23,993,461)** | **TOTAL FUTURE OPTIONS PURCHASED (Cost - $23,993,461)** |  |  | 23216100 |
|  | **TOTAL INVESTMENTS - 93.7% (Cost $253,289,537)** | **TOTAL INVESTMENTS - 93.7% (Cost $253,289,537)** |  |  | $288773162 |
|  | **PUT OPTIONS WRITTEN - (0.7)% (Premiums received - $2,587,739)** | **PUT OPTIONS WRITTEN - (0.7)% (Premiums received - $2,587,739)** |  |  | (2205900) |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES- 7.0%** | **OTHER ASSETS IN EXCESS OF LIABILITIES- 7.0%** |  |  | 21564897 |
|  | **NET ASSETS - 100.0%** |  |  |  | $308132159 |
|  | **WRITTEN FUTURE OPTIONS - (0.7)%** | **Expiration Date** | **Exercise Price** | **Notional Value** | **Fair Value** |
|  | **PUT OPTIONS WRITTEN - (0.7)%** |  |  |  |  |
| 456 | CME E-Mini Standard & Poor's 500 Index Future | 03/20/2026 | $6800 | $158819100 | $2205900 |
|  | **TOTAL FUTURE OPTIONS WRITTEN (Premiums received - $2,587,739)** |  |  |  |  |
| **OPEN FUTURES CONTRACTS** | **OPEN FUTURES CONTRACTS** |  |  |  |  |
| **Number of Contracts** | **Open Long Futures Contracts** | **Counterparty** | **Expiration** | **Notional Amount<sup>(b)</sup>** | **Value and Unrealized**<br> **Appreciation**  |
| 123 | CME E-Mini Standard & Poor's 500 Index Future | EDF | 03/23/2026 | $42839363 | $535523 |
|  | **TOTAL FUTURES CONTRACTS** |  |  |  |  |

---

---

| | |
|:---|:---|
| ETF | - Exchange-Traded Fund |
| EDF | - ED&F Man Capital Markets, Inc. |
| <sup>(a)</sup> | Each contract is equivalent to one futures contract. |
| <sup>(b)</sup> | The amounts shown are the underlying reference notional amounts to stock exchange indices and equities upon which the fair value of the futures contracts held by the Fund are based. Notional values do not represent the current fair value of, and are not necessarily indicative of the future cash flows of the Fund's futures contracts. Further, the underlying price changes in relation to the variables specified by the notional values affects the fair value of these derivative financial instruments. The notional values as set forth within this schedule do not purport to represent economic value at risk to the Fund. |

---

## 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:** Agility Shares Managed Risk ETF

- **b. EDGAR series identifier (if any):** S000060147

- **c. LEI of Series:** 549300UTP5BFWSRQKX97

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

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2026-01-31

**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:** $310600275.04

**Total Liabilities:** $2468116.11

**Net Assets:** $308132158.93

**Cash Not Reported:** $4907147.37

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000196860 | 0.77%                | 0.46%                | 1.31%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $437437.00               | $323467.20                                 |
| Month 2  | $471405.20               | $-1287587.70                               |
| Month 3  | $6734282.10              | $-2554905.60                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| iShares Trust               | ISHARES-C S&P500         | CUSIP: 464287200<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |    382080 | NS      | $265557062.40 | 86.18%            |  |  |  | No            |                  1 | On Loan: No      |
| BBH SWEEP VEHICLE           | BBH SWEEP VEHICLE        | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |  16327675 | PA      | $16327674.83  | 5.30%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE | S&P500 EMINI FUT  Mar26  | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | Long             | DE               | CORP              | US        |       123 | NC      | $535523.23    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| OPTION ISSUER               | S&P500 EMINI OPTN Mar26P | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       456 | NC      | $324900.00    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| OPTION ISSUER               | S&P500 EMINI OPTN Mar26P | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | US        |      -456 | NC      | $-2205900.00  | -0.72%            |  |  |  | No            |                  2 | On Loan: No      |
| OPTION ISSUER               | S&P500 EMINI OPTN Dec27P | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       912 | NC      | $22891200.00  | 7.43%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-27

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

**Signature:** James Colantino

**Name of Signer:** James Colantino

**Title:** Treasurer