# EDGAR Filing Document

**Accession Number:** 0001518042
**File Stem:** 0000910472-26-002794
**Filing Date:** 2026-2
**Character Count:** 7860
**Document Hash:** 5dbea34863cdb8a958a2370b3bd3cc71
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-002794.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0000910472-26-002794

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NORTHERN LIGHTS FUND TRUST II
- **CENTRAL INDEX KEY:** 0001518042

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22549
- **FILM NUMBER:** 26683519

**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:** 4221 NORTH 203RD STREET, SUITE 100
- **CITY:** ELKHORN
- **STATE:** NE
- **ZIP:** 68022

## Series and Classes Contracts Data

### Dynamic U.S. Opportunity Fund (Series ID: S000035094)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000107964 | Dynamic U.S. Opportunity Fund Class I | ICSIX           |
| C000107965 | Dynamic U.S. Opportunity Fund Class N | ICSNX           |

## 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 II

- **b. Investment Company Act file number:** 811-22549

- **c. CIK number of Registrant:** 0001518042

- **d. LEI of Registrant:** 549300TH7YXW5G2QY588

- **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:** Dynamic US Opportunity Fund

- **b. EDGAR series identifier (if any):** S000035094

- **c. LEI of Series:** 549300OB7I9CZDR7MR50

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

- **a. Date of fiscal year-end:** 2025-12-31

- **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:** $99439487.70

**Total Liabilities:** $846923.53

**Net Assets:** $98592564.17

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000107964 | 0.67%                | 0.18%                | 0.66%                |
| Class ID C000107965 | 0.61%                | 0.18%                | 0.61%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $313659.01               | $516599.46                                 |
| Month 2  | $0.00                    | $238426.09                                 |
| Month 3  | $1128044.92              | $-668917.48                                |

### 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 RUSSELL                      | CUSIP: 464287481<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     17618 | NS      | $2412608.92   | 2.45%             |  |  |  | No            | 1                  | On Loan: —       |
| SPDR Series Trust        | SS SPDR P SP500V                     | CUSIP: 78464A508<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |     42311 | NS      | $2403687.91   | 2.44%             |  |  |  | No            | 1                  | On Loan: —       |
| Select Sector Spdr Trust | SS HEALTH CARE                       | CUSIP: 81369Y209<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |     66851 | NS      | $10348534.80  | 10.50%            |  |  |  | No            | 1                  | On Loan: —       |
| Select Sector Spdr Trust | SS CONSUMER STPL                     | CUSIP: 81369Y308<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |     68213 | NS      | $5298785.84   | 5.37%             |  |  |  | No            | 1                  | On Loan: —       |
| Select Sector Spdr Trust | SS CONSUMER DISC                     | CUSIP: 81369Y407<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |     62490 | NS      | $7461930.90   | 7.57%             |  |  |  | No            | 1                  | On Loan: —       |
| Select Sector Spdr Trust | SS ENERGY SELECT                     | CUSIP: 81369Y506<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |     25214 | NS      | $1127317.94   | 1.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Select Sector Spdr Trust | SS FINANCIAL SEL                     | CUSIP: 81369Y605<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |    290470 | NS      | $15909041.90  | 16.14%            |  |  |  | No            | 1                  | On Loan: No      |
| Select Sector Spdr Trust | SS INDUSTRIAL                        | CUSIP: 81369Y704<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |     83683 | NS      | $12980906.96  | 13.17%            |  |  |  | No            | 1                  | On Loan: No      |
| Select Sector Spdr Trust | SS TECH SEL SECT                     | CUSIP: 81369Y803<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |    126490 | NS      | $18210765.30  | 18.47%            |  |  |  | No            | 1                  | On Loan: No      |
| Select Sector Spdr Trust | SS COMM SLCT ETF                     | CUSIP: 81369Y852<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |    148024 | NS      | $17425385.28  | 17.67%            |  |  |  | No            | 1                  | On Loan: —       |
| Select Sector Spdr Trust | SS REAL ESTATE                       | CUSIP: 81369Y860<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |     25322 | NS      | $1021742.70   | 1.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Select Sector Spdr Trust | SS UTILITIES SEL                     | CUSIP: 81369Y886<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |    106276 | NS      | $4536922.44   | 4.60%             |  |  |  | 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      |

### Signature

**Date Signed:** 2026-01-28

**Name of Applicant:** NORTHERN LIGHTS FUND TRUST II

**Signature:** Erik Naviloff

**Name of Signer:** Erik Naviloff

**Title:** Treasurer