# EDGAR Filing Document

**Accession Number:** 0001314414
**File Stem:** 0000910472-26-007841
**Filing Date:** 2026-5
**Character Count:** 43026
**Document Hash:** 66cccd90a55dd4a8ed85d8e25aeeb64a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-007841.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0000910472-26-007841

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**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:** 261031174

**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

### DF Tactical Momentum Fund (Series ID: S000053876)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000169555 | DF Tactical Momentum Fund Class A Shares | MOJAX           |
| C000169556 | DF Tactical Momentum Fund Class C Shares | MOJCX           |
| C000169557 | DF Tactical Momentum Fund Class I Shares | MOJOX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **DF TACTICAL ALLOCATION FUND** | **DF TACTICAL ALLOCATION FUND** | **DF TACTICAL ALLOCATION FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| **Shares** |  | **Fair Value** |
|  | **EXCHANGE-TRADED FUNDS — 53.3%** |  |
|  | **EQUITY - 17.5%** |  |
| 180413 | DF Tactical 30 ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $4416799 |
|  | **FIXED INCOME - 35.8%** |  |
| 52666 | BondBloxx Bloomberg Five Year Target Duration US Treasury ETF<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 2589061 |
| 28196 | SPDR Bloomberg 1-3 Month T-Bill ETF | &nbsp;&nbsp;&nbsp; 2583881 |
| 132615 | SPDR Portfolio Short Term Treasury ETF | &nbsp;&nbsp;&nbsp; 3869705 |
|  |  | &nbsp;&nbsp; 9042647 |
|  | **TOTAL EXCHANGE-TRADED FUNDS (Cost $13,655,618)** | &nbsp;&nbsp; 13459446 |
|  | **OPEN END FUNDS — 45.6%** |  |
|  | **EQUITY - 45.6%** |  |
| 639075 | DF Tactical Dividend Fund, Class I<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 7208769 |
| 269743 | DF Tactical Momentum Fund, Class I<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 4318579 |
|  | **TOTAL OPEN END FUNDS (Cost $9,551,321)** | &nbsp;&nbsp; 11527348 |
|  | **SHORT-TERM INVESTMENTS — 5.1%** |  |
|  | **COLLATERAL FOR SECURITIES LOANED - 3.6%** |  |
| 907917 | Mount Vernon Liquid Assets Portfolio, 3.74% (Cost $907,917)<sup>(d),(e)</sup> | &nbsp;&nbsp;&nbsp; 907917 |
|  | **MONEY MARKET FUNDS - 1.5%** |  |
| 389805 | Fidelity Investments Money Market Government Portfolio, Class I, 3.52% (Cost $389,805)<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 389805 |
|  | **TOTAL SHORT-TERM INVESTMENTS (Cost $1,297,722)** | 1297722 |
|  | **TOTAL INVESTMENTS - 104.0% (Cost $24,504,661)** | &nbsp;&nbsp;&nbsp; $26284516 |
|  | **LIABILITIES IN EXCESS OF OTHER ASSETS - (4.0)%** | &nbsp;&nbsp; (1019342) |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $25265174 |

---

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

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> All or a portion of the security is on loan. The total fair value of the securities on loan as of March 31, 2026 was $888,223

<sup>(c)</sup> Affiliated investment.

<sup>(d)</sup> Rate disclosed is the seven day effective yield as of March 31, 2026.

<sup>(e)</sup> Security was purchased with cash received as collateral for securities on loan at March 31, 2026. Total collateral had a value of $907,917 at March 31, 2026.

---

| | | |
|:---|:---|:---|
| **DF TACTICAL INCOME FUND** | **DF TACTICAL INCOME FUND** | **DF TACTICAL INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| **Shares** |  | **Fair Value** |
|  | **EXCHANGE-TRADED FUNDS — 89.0%** |  |
|  | **FIXED INCOME - 89.0%** |  |
| 489907 | BondBloxx Bloomberg Five Year Target Duration US Treasury ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $24083828 |
| 223655 | SPDR Bloomberg 1-3 Month T-Bill ETF | &nbsp;&nbsp;&nbsp; 20495744 |
| 705071 | SPDR Portfolio Short Term Treasury ETF | &nbsp;&nbsp;&nbsp; 20573972 |
|  | **TOTAL EXCHANGE-TRADED FUNDS (Cost $65,441,379)** | &nbsp;&nbsp; 65153544 |
|  | **OPEN END FUNDS — 10.0%** |  |
|  | **EQUITY - 10.0%** |  |
| 649710 | DF Tactical Dividend Fund<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 7328726 |
|  | **TOTAL OPEN END FUNDS (Cost $7,141,341)** |  |
|  | **SHORT-TERM INVESTMENTS — 3.5%** |  |
|  | **COLLATERAL FOR SECURITIES LOANED - 2.4%** |  |
| 1710108 | Mount Vernon Liquid Assets Portfolio, 3.74% (Cost $1,710,108)<sup>(c),(d)</sup> | &nbsp;&nbsp;&nbsp; 1710108 |
|  | **MONEY MARKET FUNDS - 1.1%** |  |
| 836355 | Fidelity Investments Money Market Government Portfolio, Class I, 3.52% (Cost $836,355)<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 836355 |
|  | **TOTAL SHORT-TERM INVESTMENTS (Cost $2,546,463)** | 2546463 |
|  | **TOTAL INVESTMENTS - 102.5% (Cost $75,129,183)** | &nbsp;&nbsp;&nbsp; $75028733 |
|  | **LIABILITIES IN EXCESS OF OTHER ASSETS - (2.5)%** | &nbsp;&nbsp; (1859830) |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $73168903 |

---

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

<sup>(a)</sup> All or a portion of the security is on loan. The total fair value of the securities on loan as of March 31, 2026, was $1,673,013.

<sup>(b)</sup> Affiliated investment.

<sup>(c)</sup> Rate disclosed is the seven-day effective yield as of March 31, 2026.

<sup>(d)</sup> Security was purchased with cash received as collateral for securities on loan at March 31, 2026. Total collateral had a value of $1,710,108 at March 31, 2026.

---

| | | |
|:---|:---|:---|
| **DF TACTICAL DIVIDEND FUND** | **DF TACTICAL DIVIDEND FUND** | **DF TACTICAL DIVIDEND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.1%** |  |
|  | **ASSET MANAGEMENT - 4.1%** |  |
| 14362 | Ares Management Corporation, Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $1566894 |
| 16634 | T Rowe Price Group, Inc. | &nbsp;&nbsp;&nbsp; 1499389 |
|  |  | &nbsp;&nbsp; 3066283 |
|  | **BANKING - 17.9%** |  |
| 25396 | Citizens Financial Group, Inc. | &nbsp;&nbsp;&nbsp; 1522998 |
| 32976 | Fifth Third Bancorp<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1532064 |
| 95007 | Huntington Bancshares Inc | &nbsp;&nbsp;&nbsp; 1486860 |
| 75619 | KeyCorporation | &nbsp;&nbsp;&nbsp; 1516161 |
| 7312 | M&T Bank Corporation | &nbsp;&nbsp;&nbsp; 1511537 |
| 7226 | PNC Financial Services Group, Inc. (The) | &nbsp;&nbsp;&nbsp; 1503658 |
| 56692 | Regions Financial Corporation | &nbsp;&nbsp;&nbsp; 1480795 |
| 32550 | Truist Financial Corporation | &nbsp;&nbsp;&nbsp; 1496324 |
| 28449 | US Bancorp | &nbsp;&nbsp;&nbsp; 1479632 |
|  |  | &nbsp;&nbsp; 13530029 |
|  | **BIOTECH & PHARMA - 5.9%** |  |
| 6526 | AbbVie, Inc. | &nbsp;&nbsp;&nbsp; 1419340 |
| 24773 | Bristol-Myers Squibb Company | &nbsp;&nbsp;&nbsp; 1502482 |
| 54429 | Pfizer, Inc. | &nbsp;&nbsp;&nbsp; 1528366 |
|  |  | &nbsp;&nbsp; 4450188 |
|  | **CABLE & SATELLITE - 1.8%** |  |
| 48607 | Comcast Corporation, Class A | &nbsp;&nbsp;&nbsp; 1395507 |
|  | **CONTAINERS & PACKAGING - 1.8%** |  |
| 34963 | Amcor PLC<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1389779 |
|  | **ELECTRIC UTILITIES - 7.6%** |  |
| 4942 | Constellation Energy Corporation | &nbsp;&nbsp;&nbsp; 1380054 |
| 20773 | Edison International | &nbsp;&nbsp;&nbsp; 1520167 |
| 9997 | NRG Energy, Inc. | &nbsp;&nbsp;&nbsp; 1460962 |
| 9336 | Vistra Corporation | &nbsp;&nbsp;&nbsp; 1403481 |
|  |  | &nbsp;&nbsp; 5764664 |
|  | **FOOD - 1.9%** |  |
| 64214 | The Kraft Heinz Company (The)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1444173 |

---

---

| | | |
|:---|:---|:---|
| **DF TACTICAL DIVIDEND FUND** | **DF TACTICAL DIVIDEND FUND** | **DF TACTICAL DIVIDEND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.1% (Continued)** |  |
|  | **GAMING REIT - 1.9%** |  |
| 52284 | VICI Properties, Inc. | &nbsp;&nbsp;&nbsp; $1428399 |
|  | **HEALTH CARE FACILITIES & SERVICES - 3.7%** |  |
| 19624 | CVS Health Corporation | &nbsp;&nbsp;&nbsp; 1409396 |
| 5209 | UnitedHealth Group, Inc. | &nbsp;&nbsp;&nbsp; 1409503 |
|  |  | &nbsp;&nbsp; 2818899 |
|  | **INSTITUTIONAL FINANCIAL SERVICES - 2.0%** |  |
| 11793 | State Street Corporation | &nbsp;&nbsp;&nbsp; 1492522 |
|  | **INSURANCE - 9.9%** |  |
| 21239 | MetLife, Inc. | &nbsp;&nbsp;&nbsp; 1502022 |
| 16847 | Principal Financial Group, Inc. | &nbsp;&nbsp;&nbsp; 1518083 |
| 7384 | Progressive Corporation (The) | &nbsp;&nbsp;&nbsp; 1463804 |
| 15651 | Prudential Financial, Inc. | &nbsp;&nbsp;&nbsp; 1528947 |
| 21897 | W R Berkley Corporation | &nbsp;&nbsp;&nbsp; 1451333 |
|  |  | &nbsp;&nbsp; 7464189 |
|  | **LEISURE FACILITIES & SERVICES - 2.0%** |  |
| 20635 | Restaurant Brands International, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1524927 |
|  | **MEDICAL EQUIPMENT & DEVICES - 1.9%** |  |
| 16701 | Medtronic PLC | &nbsp;&nbsp;&nbsp; 1447142 |
|  | **OIL & GAS PRODUCERS - 12.4%** |  |
| 7748 | Chevron Corporation | &nbsp;&nbsp;&nbsp; 1603061 |
| 11214 | EOG Resources, Inc. | &nbsp;&nbsp;&nbsp; 1621208 |
| 13685 | Expand Energy Corporation | &nbsp;&nbsp;&nbsp; 1502339 |
| 44919 | Kinder Morgan, Inc. | &nbsp;&nbsp;&nbsp; 1506134 |
| 17326 | ONEOK, Inc. | &nbsp;&nbsp;&nbsp; 1566097 |
| 8766 | Phillips 66 | &nbsp;&nbsp;&nbsp; 1596990 |
|  |  | &nbsp;&nbsp; 9395829 |
|  | **REAL ESTATE INVESTMENT TRUSTS - 1.8%** |  |
| 16970 | Crown Castle, Inc. | &nbsp;&nbsp;&nbsp; 1379831 |

---

---

| | | |
|:---|:---|:---|
| **DF TACTICAL DIVIDEND FUND** | **DF TACTICAL DIVIDEND FUND** | **DF TACTICAL DIVIDEND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.1% (Continued)** |  |
|  | **RETAIL - CONSUMER STAPLES - 2.0%** |  |
| 12510 | Target Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $1516212 |
|  | **SPECIALTY FINANCE - 1.9%** |  |
| 31488 | Fidelity National Financial, Inc. | &nbsp;&nbsp;&nbsp; 1460413 |
|  | **TECHNOLOGY HARDWARE - 2.0%** |  |
| 80493 | HP, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1546271 |
|  | **TECHNOLOGY SERVICES - 7.6%** |  |
| 7375 | Accenture PLC, Class A | &nbsp;&nbsp;&nbsp; 1462388 |
| 29623 | Fidelity National Information Services, Inc. | &nbsp;&nbsp;&nbsp; 1389615 |
| 5971 | International Business Machines Corporation | &nbsp;&nbsp;&nbsp; 1447311 |
| 15808 | Paychex, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1456233 |
|  |  | &nbsp;&nbsp; 5755547 |
|  | **TELECOMMUNICATIONS - 4.1%** |  |
| 54709 | AT&T, Inc. | &nbsp;&nbsp;&nbsp; 1586014 |
| 29319 | Verizon Communications, Inc. | &nbsp;&nbsp;&nbsp; 1471814 |
|  |  | &nbsp;&nbsp; 3057828 |
|  | **TOBACCO & CANNABIS - 2.0%** |  |
| 22398 | Altria Group, Inc. | &nbsp;&nbsp;&nbsp; 1478044 |
|  | **TRANSPORTATION & LOGISTICS - 1.9%** |  |
| 14741 | United Parcel Service, Inc., Class B | &nbsp;&nbsp;&nbsp; 1450220 |
|  | **TOTAL COMMON STOCKS (Cost $70,465,154)** | &nbsp;&nbsp; 74256896 |

---

---

| | | |
|:---|:---|:---|
| **DF TACTICAL DIVIDEND FUND** | **DF TACTICAL DIVIDEND FUND** | **DF TACTICAL DIVIDEND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| **Shares** |  | **Fair Value** |
|  | **SHORT-TERM INVESTMENTS — 11.0%** |  |
|  | **COLLATERAL FOR SECURITIES LOANED - 9.2%** |  |
| 7021896 | Mount Vernon Liquid Assets Portfolio, 3.74% (Cost $7,021,896)<sup>(b),(c)</sup> | &nbsp;&nbsp;&nbsp; $7021896 |
|  | **MONEY MARKET FUNDS- 1.8%** |  |
| 1326343 | Fidelity Investments Money Market Government Portfolio, Class I, 3.52% (Cost $1,326,343)<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1326343 |
|  | **TOTAL SHORT-TERM INVESTMENTS (Cost $8,348,239)** | 8348239 |
|  | **TOTAL INVESTMENTS - 109.1% (Cost $78,813,393)** | &nbsp;&nbsp;&nbsp; $82605135 |
|  | **LIABILITIES IN EXCESS OF OTHER ASSETS - (9.1)%** | &nbsp;&nbsp; (6923057) |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $75682078 |

---

PLC - Public Limited Company <br> REIT - Real Estate Investment Trust

<sup>(a)</sup> All or a portion of the security is on loan. The total fair value of the securities on loan as of March 31, 2026 was $6,973,539.

<sup>(b)</sup> Rate disclosed is the seven-day effective yield as of March 31, 2026.

<sup>(c)</sup> Security was purchased with cash received as collateral for securities on loan at March 31, 2026. Total collateral had a value of $7,021,896 at March 31, 2026.

---

| | | |
|:---|:---|:---|
| **DF TACTICAL MOMENTUM FUND** | **DF TACTICAL MOMENTUM FUND** | **DF TACTICAL MOMENTUM FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.4%** |  |
|  | **ADVERTISING & MARKETING - 1.9%** |  |
| 11626 | Omnicom Group, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $875554 |
|  | **AEROSPACE & DEFENSE - 3.7%** |  |
| 5911 | ATI, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 859814 |
| 1433 | Lockheed Martin Corporation, Class B | &nbsp;&nbsp;&nbsp; 866091 |
|  |  | &nbsp;&nbsp; 1725905 |
|  | **APPAREL & TEXTILE PRODUCTS - 1.9%** |  |
| 6400 | Tapestry, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 903104 |
|  | **BANKING - 4.1%** |  |
| 47366 | KeyCorporation | &nbsp;&nbsp;&nbsp; 949688 |
| 4580 | M&T Bank Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 946778 |
|  |  | &nbsp;&nbsp; 1896466 |
|  | **BIOTECH & PHARMA - 8.0%** |  |
| 15517 | Bristol-Myers Squibb Company | &nbsp;&nbsp;&nbsp; 941106 |
| 6375 | Gilead Sciences, Inc. | &nbsp;&nbsp;&nbsp; 888484 |
| 3830 | Johnson & Johnson | &nbsp;&nbsp;&nbsp; 936205 |
| 8009 | Merck & Company, Inc. | &nbsp;&nbsp;&nbsp; 963402 |
|  |  | &nbsp;&nbsp; 3729197 |
|  | **CABLE & SATELLITE - 3.7%** |  |
| 4148 | Charter Communications, Inc., Class A<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 895470 |
| 30446 | Comcast Corporation, Class A | &nbsp;&nbsp;&nbsp; 874105 |
|  |  | &nbsp;&nbsp; 1769575 |
|  | **DIVERSIFIED INDUSTRIALS - 1.9%** |  |
| 3887 | Honeywell International, Inc. | &nbsp;&nbsp;&nbsp; 878579 |
|  | **ELECTRIC UTILITIES - 2.0%** |  |
| 13012 | Edison International | &nbsp;&nbsp;&nbsp; 952218 |
|  | **ELECTRICAL EQUIPMENT - 3.9%** |  |
| 4150 | AMETEK, Inc. | &nbsp;&nbsp;&nbsp; 889594 |
| 3274 | Keysight Technologies, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 924479 |
|  |  | &nbsp;&nbsp; 1814073 |

---

---

| | | |
|:---|:---|:---|
| **DF TACTICAL MOMENTUM FUND** | **DF TACTICAL MOMENTUM FUND** | **DF TACTICAL MOMENTUM FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.4% (Continued)** |  |
|  | **ENTERTAINMENT CONTENT - 2.0%** |  |
| 33468 | Warner Bros Discovery, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; $919031 |
|  | **HOUSEHOLD PRODUCTS - 3.7%** |  |
| 9338 | Church & Dwight Company, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 871422 |
| 10387 | Colgate-Palmolive Company | &nbsp;&nbsp;&nbsp; 885284 |
|  |  | &nbsp;&nbsp; 1756706 |
|  | **INDUSTRIAL INTERMEDIATE PROD - 1.9%** |  |
| 1663 | RBC Bearings, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 903209 |
|  | **INSTITUTIONAL FINANCIAL SERVICES - 3.9%** |  |
| 3277 | Cboe Global Markets, Inc. | &nbsp;&nbsp;&nbsp; 921066 |
| 3068 | CME Group, Inc. | &nbsp;&nbsp;&nbsp; 906134 |
|  |  | &nbsp;&nbsp; 1827200 |
|  | **INSURANCE - 4.1%** |  |
| 2884 | Chubb Ltd. | &nbsp;&nbsp;&nbsp; 939982 |
| 10553 | Principal Financial Group, Inc. | &nbsp;&nbsp;&nbsp; 950931 |
|  |  | &nbsp;&nbsp; 1890913 |
|  | **MEDICAL EQUIPMENT & DEVICES - 1.9%** |  |
| 14036 | Dexcom, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 881461 |
|  | **OIL & GAS PRODUCERS - 2.3%** |  |
| 6140 | Exxon Mobil Corporation | &nbsp;&nbsp;&nbsp; 1041713 |
|  | **OIL & GAS SERVICES & EQUIPMENT - 2.1%** |  |
| 14457 | TechnipFMC PLC | &nbsp;&nbsp;&nbsp; 999412 |
|  | **RETAIL - CONSUMER STAPLES - 3.7%** |  |
| 6426 | Dollar General Corporation | &nbsp;&nbsp;&nbsp; 762959 |
| 7836 | Target Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 949723 |
|  |  | &nbsp;&nbsp; 1712682 |
|  | **RETAIL - DISCRETIONARY - 2.1%** |  |
| 4372 | Ross Stores, Inc. | &nbsp;&nbsp;&nbsp; 947106 |

---

---

| | | |
|:---|:---|:---|
| **DF TACTICAL MOMENTUM FUND** | **DF TACTICAL MOMENTUM FUND** | **DF TACTICAL MOMENTUM FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 98.4% (Continued)** |  |
|  | **RETAIL REIT - 2.0%** |  |
| 4910 | Simon Property Group, Inc. | &nbsp;&nbsp;&nbsp; $915862 |
|  | **SEMICONDUCTORS - 17.5%** |  |
| 2916 | Analog Devices, Inc. | &nbsp;&nbsp;&nbsp; 927696 |
| 2651 | Applied Materials, Inc. | &nbsp;&nbsp;&nbsp; 906085 |
| 3702 | Coherent Corporation<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 881853 |
| 8011 | Entegris, Inc. | &nbsp;&nbsp;&nbsp; 939211 |
| 4252 | Lam Research Corporation | &nbsp;&nbsp;&nbsp; 908482 |
| 2223 | Micron Technology, Inc. | &nbsp;&nbsp;&nbsp; 751018 |
| 15711 | ON Semiconductor Corporation<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 972826 |
| 1420 | Sandisk Corporation<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 902183 |
| 3082 | Teradyne, Inc. | &nbsp;&nbsp;&nbsp; 913690 |
|  |  | &nbsp;&nbsp; 8103044 |
|  | **TECHNOLOGY HARDWARE - 14.1%** |  |
| 2738 | Ciena Corporation<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1062974 |
| 7064 | Corning, Inc. | &nbsp;&nbsp;&nbsp; 960492 |
| 3942 | Garmin Ltd. | &nbsp;&nbsp;&nbsp; 914583 |
| 1385 | Lumentum Holdings, Inc.<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 973323 |
| 2012 | Motorola Solutions, Inc. | &nbsp;&nbsp;&nbsp; 873148 |
| 1420 | Teledyne Technologies, Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 859114 |
| 3462 | Western Digital Corporation | &nbsp;&nbsp;&nbsp; 936436 |
|  |  | &nbsp;&nbsp; 6580070 |
|  | **TELECOMMUNICATIONS - 2.0%** |  |
| 18365 | Verizon Communications, Inc. | &nbsp;&nbsp;&nbsp; 921923 |
|  | **TRANSPORTATION & LOGISTICS - 2.0%** |  |
| 2575 | FedEx Corporation | &nbsp;&nbsp;&nbsp; 917164 |
|  | **TRANSPORTATION EQUIPMENT - 2.0%** |  |
| 3784 | Westinghouse Air Brake Technologies Corporation | &nbsp;&nbsp;&nbsp; 945659 |
|  | **TOTAL COMMON STOCKS (Cost $40,830,493)** | &nbsp;&nbsp; 45807826 |

---

---

| | | |
|:---|:---|:---|
| **DF TACTICAL MOMENTUM FUND** | **DF TACTICAL MOMENTUM FUND** | **DF TACTICAL MOMENTUM FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| **Shares** |  | **Fair Value** |
|  | **SHORT-TERM INVESTMENTS — 13.0%** |  |
|  | **COLLATERAL FOR SECURITIES LOANED - 11.3%** |  |
| 5258550 | Mount Vernon Liquid Assets Portfolio, 3.74% (Cost $5,258,550)<sup>(c),(d)</sup> | &nbsp;&nbsp;&nbsp; $5258550 |
|  | **MONEY MARKET FUNDS - 1.7%** |  |
| 807171 | Fidelity Investments Money Market Government Portfolio, Class I, 3.52% (Cost $807,171)<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 807171 |
|  | **TOTAL SHORT-TERM INVESTMENTS (Cost $6,065,721)** | 6065721 |
|  | **TOTAL INVESTMENTS - 111.4% (Cost $46,896,214)** | &nbsp;&nbsp;&nbsp; $51873547 |
|  | **LIABILITIES IN EXCESS OF OTHER ASSETS - (11.4)%** | &nbsp;&nbsp; (5291181) |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $46582366 |

---

Ltd. - Limited Company <br> PLC - Public Limited Company <br> REIT - Real Estate Investment Trust

<sup>(a)</sup> All or a portion of the security is on loan. The total fair value of the securities on loan as of March 31, 2026, was $5,231,414.

<sup>(b)</sup> Non-income producing security.

<sup>(c)</sup> Rate disclosed is the seven-day effective yield as of March 31, 2026.

<sup>(d)</sup> Security was purchased with cash received as collateral for securities on loan at March 31, 2026. Total collateral had a value of $5,258,550 at March 31, 2026.

---

| | | |
|:---|:---|:---|
| **DF TACTICAL YIELD FUND** | **DF TACTICAL YIELD FUND** | **DF TACTICAL YIELD FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **March 31, 2026** | **March 31, 2026** | **March 31, 2026** |
| **Shares** |  | **Fair Value** |
|  | **EXCHANGE-TRADED FUNDS — 98.6%** |  |
|  | **FIXED INCOME - 98.6%** |  |
| 93349 | BondBloxx Bloomberg Three Year Target Duration US Treasury ETF | &nbsp;&nbsp;&nbsp; $4621709 |
| 84401 | iShares 1-3 Year Treasury Bond ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6968991 |
| 91604 | SPDR Bloomberg 1-3 Month T-Bill ETF | &nbsp;&nbsp;&nbsp; 8394591 |
| 636932 | SPDR Portfolio Short Term Treasury ETF | &nbsp;&nbsp;&nbsp; 18585675 |
| 119000 | Vanguard Short-Term Treasury ETF | &nbsp;&nbsp;&nbsp; 6966260 |
|  | **TOTAL EXCHANGE-TRADED FUNDS (Cost $45,796,458)** | &nbsp;&nbsp; 45537226 |
|  | **SHORT-TERM INVESTMENTS — 16.8%** |  |
|  | **COLLATERAL FOR SECURITIES LOANED - 15.2%** |  |
| 7035633 | Mount Vernon Liquid Assets Portfolio, 3.74% (Cost $7,035,633)<sup>(b),(c)</sup> | &nbsp;&nbsp;&nbsp; 7035633 |
|  | **MONEY MARKET FUNDS - 1.6%** |  |
| 721925 | Fidelity Investments Money Market Government Portfolio, Class I, 3.52% (Cost $721,925)<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 721925 |
|  | **TOTAL SHORT-TERM INVESTMENTS (Cost $7,757,558)** | 7757558 |
|  | **TOTAL INVESTMENTS - 115.4% (Cost $53,554,016)** | &nbsp;&nbsp;&nbsp; $53294784 |
|  | **LIABILITIES IN EXCESS OF OTHER ASSETS - (15.4)%** | &nbsp;&nbsp; (7112564) |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $46182220 |

---

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

<sup>(a)</sup> All or a portion of the security is on loan. The total fair value of the securities on loan as of March 31, 2026 was $6,895,338.

<sup>(b)</sup> Rate disclosed is the seven-day effective yield as of March 31, 2026.

<sup>(c)</sup> Security was purchased with cash received as collateral for securities on loan at March 31, 2026. Total collateral had a value of $7,035,633 at March 31, 2026.

## 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:** DF Tactical Momentum Fund

- **b. EDGAR series identifier (if any):** S000053876

- **c. LEI of Series:** 549300AX848D7L72RN86

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

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

- **b. Date as of which information is reported:** 2026-03-31

**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:** $46673147.30

**Total Liabilities:** $90781.49

**Net Assets:** $46582365.81

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000169555 | 10.80%               | 7.48%                | -3.23%               |
| Class ID C000169556 | 10.75%               | 7.37%                | -3.33%               |
| Class ID C000169557 | 10.87%               | 7.47%                | -3.26%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $146534.20               | $4455990.09                                |
| Month 2  | $199942.87               | $3248210.39                                |
| Month 3  | $3844264.10              | $-5355101.89                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| ATI Inc                          | ATI INC                              | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |      5911 | NS      | $859814.06    | 1.85%             |  |  |  | No            | 1                  | On Loan: No      |
| Ametek, Inc.                     | AMETEK INC                           | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |      4150 | NS      | $889594.00    | 1.91%             |  |  |  | No            | 1                  | On Loan: No      |
| Analog Devices Inc.              | ANALOG DEVICES                       | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |      2916 | NS      | $927696.24    | 1.99%             |  |  |  | No            | 1                  | On Loan: No      |
| Applied Materials Inc.           | APPLIED MATERIAL                     | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |      2651 | NS      | $906085.29    | 1.95%             |  |  |  | No            | 1                  | On Loan: No      |
| Bristol-Myers Squibb Company     | BRISTOL-MYER SQB                     | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     15517 | NS      | $941106.05    | 2.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Cboe Global Markets Inc          | CBOE GLOBAL MARK                     | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |      3277 | NS      | $921066.39    | 1.98%             |  |  |  | No            | 1                  | On Loan: No      |
| CME Group Inc.                   | CME GROUP INC                        | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |      3068 | NS      | $906133.80    | 1.95%             |  |  |  | No            | 1                  | On Loan: No      |
| Charter Communications, Inc.     | CHARTER COMMUN-A                     | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |      4148 | NS      | $895470.24    | 1.92%             |  |  |  | No            | 1                  | On Loan: —       |
| Church & Dwight Co Inc.          | CHURCH & DWIGHT                      | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               | CORP              | US        |      9338 | NS      | $871422.16    | 1.87%             |  |  |  | No            | 1                  | On Loan: —       |
| Ciena Corporation                | CIENA CORP                           | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |      2738 | NS      | $1062973.74   | 2.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Coherent Corp                    | COHERENT CORP                        | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |      3702 | NS      | $881853.42    | 1.89%             |  |  |  | No            | 1                  | On Loan: No      |
| Colgate-Palmolive Co.            | COLGATE-PALMOLIV                     | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |     10387 | NS      | $885284.01    | 1.90%             |  |  |  | No            | 1                  | On Loan: No      |
| Comcast Corporation              | COMCAST CORP-A                       | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     30446 | NS      | $874104.66    | 1.88%             |  |  |  | No            | 1                  | On Loan: No      |
| Corning Incorporated             | CORNING INC                          | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |      7064 | NS      | $960492.08    | 2.06%             |  |  |  | No            | 1                  | On Loan: No      |
| DexCom Inc                       | DEXCOM                               | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |     14036 | NS      | $881460.80    | 1.89%             |  |  |  | No            | 1                  | On Loan: No      |
| Dollar General Corporation       | DOLLAR GENERAL C                     | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |      6426 | NS      | $762958.98    | 1.64%             |  |  |  | No            | 1                  | On Loan: No      |
| Edison International             | EDISON INTL                          | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |     13012 | NS      | $952218.16    | 2.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Entegris Inc                     | ENTEGRIS INC                         | CUSIP: 29362U104<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | EC               | CORP              | US        |      8011 | NS      | $939209.64    | 2.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Exxon Mobil Corp.                | EXXON MOBIL CORP                     | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      6140 | NS      | $1041712.40   | 2.24%             |  |  |  | No            | 1                  | On Loan: No      |
| FedEx Corporation                | FEDEX CORP                           | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |      2575 | NS      | $917163.50    | 1.97%             |  |  |  | No            | 1                  | On Loan: No      |
| Fidelity Colchester Street Trust | FID-MM GOVT-I                        | CUSIP: 316175108<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |    807171 | PA      | $807171.26    | 1.73%             |  |  |  | No            | 1                  | On Loan: No      |
| Gilead Sciences Inc.             | GILEAD SCIENCES                      | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      6375 | NS      | $888483.75    | 1.91%             |  |  |  | No            | 1                  | On Loan: No      |
| Honeywell International Inc.     | HONEYWELL INTL                       | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |      3887 | NS      | $878578.61    | 1.89%             |  |  |  | No            | 1                  | On Loan: No      |
| Johnson & Johnson                | JOHNSON&JOHNSON                      | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      3830 | NS      | $936205.20    | 2.01%             |  |  |  | No            | 1                  | On Loan: No      |
| KeyCorp                          | KEYCORP                              | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |     47366 | NS      | $949688.30    | 2.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Keysight Technologies, Inc.      | KEYSIGHT TEC                         | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |      3274 | NS      | $924479.38    | 1.98%             |  |  |  | No            | 1                  | On Loan: No      |
| Lam Research Corporation         | LAM RESEARCH                         | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |      4252 | NS      | $908482.32    | 1.95%             |  |  |  | No            | 1                  | On Loan: No      |
| Lockheed Martin Corporation      | LOCKHEED MARTIN                      | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      1433 | NS      | $866090.87    | 1.86%             |  |  |  | No            | 1                  | On Loan: No      |
| Lumentum Holdings Inc.           | LUMENTUM HOL                         | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |      1385 | NS      | $973322.60    | 2.09%             |  |  |  | No            | 1                  | On Loan: —       |
| M&T Bank Corporation             | M&T BANK CORP                        | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |      4580 | NS      | $946777.60    | 2.03%             |  |  |  | No            | 1                  | On Loan: —       |
| Merck & Co., Inc                 | MERCK & CO                           | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |      8009 | NS      | $963402.61    | 2.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Micron Technology Inc.           | MICRON TECH                          | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |      2223 | NS      | $751018.32    | 1.61%             |  |  |  | No            | 1                  | On Loan: No      |
| Motorola Solutions Inc           | MOTOROLA SOLUTIO                     | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |      2012 | NS      | $873147.64    | 1.87%             |  |  |  | No            | 1                  | On Loan: No      |
| Omnicom Group Inc                | OMNICOM GROUP                        | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |     11626 | NS      | $875554.06    | 1.88%             |  |  |  | No            | 1                  | On Loan: —       |
| ON Semiconductor Corp.           | ON SEMICONDUCTOR                     | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |     15711 | NS      | $972825.12    | 2.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Principal Financial Group Inc.   | PRINCIPAL FINL                       | CUSIP: 74251V102<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | EC               | CORP              | US        |     10553 | NS      | $950930.83    | 2.04%             |  |  |  | No            | 1                  | On Loan: No      |
| RBC Bearings Inc                 | RBC BEARINGS INC                     | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1663 | NS      | $903208.56    | 1.94%             |  |  |  | No            | 1                  | On Loan: No      |
| Ross Stores Inc                  | ROSS STORES INC                      | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |      4372 | NS      | $947106.36    | 2.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Sandisk Corporation              | SANDISK CORP                         | CUSIP: 80004C200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1420 | NS      | $902182.80    | 1.94%             |  |  |  | No            | 1                  | On Loan: No      |
| Simon Property Group Inc         | SIMON PROPERTY                       | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |      4910 | NS      | $915862.30    | 1.97%             |  |  |  | No            | 1                  | On Loan: No      |
| Tapestry Inc                     | TAPESTRY INC                         | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |      6400 | NS      | $903104.00    | 1.94%             |  |  |  | No            | 1                  | On Loan: —       |
| Target Corp.                     | TARGET CORP                          | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |      7836 | NS      | $949723.20    | 2.04%             |  |  |  | No            | 1                  | On Loan: —       |
| Teledyne Technologies Inc        | TELEDYNE TECH                        | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |      1420 | NS      | $859114.20    | 1.84%             |  |  |  | No            | 1                  | On Loan: No      |
| Teradyne Inc.                    | TERADYNE INC                         | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |      3082 | NS      | $913689.72    | 1.96%             |  |  |  | No            | 1                  | On Loan: No      |
| Verizon Communications Inc.      | VERIZON COMMUNIC                     | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     18365 | NS      | $921923.00    | 1.98%             |  |  |  | No            | 1                  | On Loan: No      |
| Wabtec Corp                      | WABTEC CORP                          | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |      3784 | NS      | $945659.44    | 2.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Warner Bros. Discovery Inc.      | WARNER BROS DISC                     | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |     33468 | NS      | $919031.28    | 1.97%             |  |  |  | No            | 1                  | On Loan: No      |
| Western Digital Corp.            | WESTERN DIGITAL                      | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |      3462 | NS      | $936436.38    | 2.01%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                              | MOUNT VERNON LIQUID ASSETS PORTFOLIO | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| TechnipFMC PLC                   | TECHNIPFMC PLC                       | CUSIP: G87110105<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |     14457 | NS      | $999412.41    | 2.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Chubb Ltd. Switzerland           | CHUBB LTD                            | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |      2884 | NS      | $939982.12    | 2.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Garmin Ltd                       | GARMIN LTD                           | CUSIP: H2906T109<br>LEI: 2549001E0HIPIJQ0W046 | Long             | EC               | CORP              | CH        |      3942 | NS      | $914583.42    | 1.96%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2026-04-28

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

**Signature:** James Colantino

**Name of Signer:** James Colantino

**Title:** Treasurer