# EDGAR Filing Document

**Accession Number:** 0001314414
**File Stem:** 0000910472-26-002747
**Filing Date:** 2026-2
**Character Count:** 36899
**Document Hash:** 6113d1950dea029064ab3bf23efe9d8f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-002747.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0000910472-26-002747

**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:** 26683174

**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 All Asset Fund (Series ID: S000020016)

| Class ID   | Class Name                                         | Ticker Symbol   |
|:---|:---|:---|
| C000056130 | Ocean Park Tactical All Asset Fund Class A         | SIRAX           |
| C000056131 | Ocean Park Tactical All Asset Fund Investor Class  | SIRIX           |
| C000056132 | Ocean Park Tactical All Asset Fund Instl Class     | SIRRX           |
| C000084926 | Ocean Park Tactical All Asset Fund Class C         | SIRCX           |
| C000115425 | Ocean Park Tactical All Asset Fund Class A1 shares | SIRZX           |
| C000115426 | Ocean Park Tactical All Asset Fund Class I1 shares | SIRJX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **OCEAN PARK TACTICAL ALL ASSET FUND** | **OCEAN PARK TACTICAL ALL ASSET FUND** | **OCEAN PARK TACTICAL ALL ASSET 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 — 53.1%** |  |
|  | **EQUITY - 37.2%** |  |
| 114700 | Avantis International Small Cap Value ETF | &nbsp;&nbsp;&nbsp; $10778359 |
| 17500 | Defiance Quantum ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1919050 |
| 230400 | Dimensional International Value ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 11496960 |
| 36400 | iShares Biotechnology ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6143228 |
| 65300 | iShares Latin America 40 ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1988385 |
| 112000 | iShares MSCI Canada ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6040160 |
| 42000 | iShares MSCI Eurozone ETF | &nbsp;&nbsp;&nbsp; 2692200 |
| 190200 | iShares MSCI International Momentum Factor ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 9123894 |
| 17700 | iShares U.S. Aerospace & Defense ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3800013 |
| 767000 | State Street SPDR Portfolio S&P 500 ETF | &nbsp;&nbsp;&nbsp; 61528740 |
| 6900 | VanEck Oil Services ETF | &nbsp;&nbsp;&nbsp; 1964913 |
| 32800 | Vanguard Growth ETF | &nbsp;&nbsp;&nbsp; 16001808 |
| 23700 | Vanguard Small-Cap Growth ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 7160007 |
| 28500 | WisdomTree Japan Hedged Equity Fund<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4108560 |
|  |  | &nbsp;&nbsp; 144746277 |
|  | **FIXED INCOME - 15.9%** |  |
| 135800 | Eldridge BBB-B CLO ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3595984 |
| 247200 | First Trust Institutional Preferred Securities and Income ETF | &nbsp;&nbsp;&nbsp; 4793208 |
| 100400 | First Trust Senior Loan ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4606352 |
| 96400 | Franklin High Yield Corporate ETF | &nbsp;&nbsp;&nbsp; 2353606 |
| 34200 | iShares Floating Rate Bond ETF | &nbsp;&nbsp;&nbsp; 1739412 |
| 57600 | iShares iBoxx $ High Yield Corporate Bond ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4644288 |
| 119900 | iShares JP Morgan EM Local Currency Bond ETF | &nbsp;&nbsp;&nbsp; 4984243 |
| 174200 | iShares Preferred and Income Securities ETF | &nbsp;&nbsp;&nbsp; 5393232 |
| 175100 | PIMCO Multi Sector Bond Active ETF | &nbsp;&nbsp;&nbsp; 4671668 |
| 192000 | Principal Spectrum Preferred Securities Active ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3661440 |
| 81800 | State Street Blackstone High Income ETF | &nbsp;&nbsp;&nbsp; 2326392 |
| 112800 | VanEck Emerging Markets High Yield Bond ETF | &nbsp;&nbsp;&nbsp; 2243592 |
| 33300 | Vanguard Intermediate-Term Corporate Bond ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2788875 |
| 191100 | Vanguard Total Bond Market ETF | &nbsp;&nbsp;&nbsp; 14154777 |
|  |  | &nbsp;&nbsp; 61957069 |
|  | **TOTAL EXCHANGE-TRADED FUNDS (Cost $188,573,728)** | &nbsp;&nbsp; 206703346 |

---

---

| | | |
|:---|:---|:---|
| **OCEAN PARK TACTICAL ALL ASSET FUND** | **OCEAN PARK TACTICAL ALL ASSET FUND** | **OCEAN PARK TACTICAL ALL ASSET 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 — 46.5%** |  |
|  | **ALTERNATIVE - 2.7%** |  |
| 1205481 | DoubleLine Flexible Income Fund, Class I | &nbsp;&nbsp;&nbsp; $10560016 |
| 1 | JPMorgan Hedged Equity Fund, Class I | &nbsp;&nbsp;&nbsp; 37 |
|  |  | &nbsp;&nbsp; 10560053 |
|  | **EQUITY - 2.4%** |  |
| 1 | JPMorgan Emerging Markets Equity Fund, Class I | &nbsp;&nbsp;&nbsp; 45 |
| 599125 | Kopernik Global All-Cap Fund, Class I | &nbsp;&nbsp;&nbsp; 9298424 |
| 314 | Thornburg Investment Income Builder Fund, Class I | &nbsp;&nbsp;&nbsp; 10421 |
|  |  | &nbsp;&nbsp; 9308890 |
|  | **FIXED INCOME - 41.4%** |  |
| 2348 | American Century High Income Fund, Class I | &nbsp;&nbsp;&nbsp; 20639 |
| 2 | BlackRock Floating Rate Income Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 15 |
| 2256 | BlackRock High Yield Portfolio Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 16291 |
| 6866 | BlackRock National Municipal Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 68590 |
| 2767 | BlackRock Strategic Income Opportunities Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 27032 |
| 2972 | BlackRock Strategic Municipal Opportunities Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 30878 |
| 215531 | Dodge & Cox Global Bond Fund, Class I | &nbsp;&nbsp;&nbsp; 2424725 |
| 364401 | Eaton Vance Emerging Markets Debt Opportunities Fund, Class I | &nbsp;&nbsp;&nbsp; 3039105 |
| 1 | JPMorgan Emerging Markets Debt Fund, Class I | &nbsp;&nbsp;&nbsp; 8 |
| 1403880 | JPMorgan Income Fund, Class I | &nbsp;&nbsp;&nbsp; 12087407 |
| 6 | Metropolitan West High Yield Bond Fund, Class I | &nbsp;&nbsp;&nbsp; 56 |
| 2990 | Metropolitan West Total Return Bond Fund, Class I | &nbsp;&nbsp;&nbsp; 27414 |
| 3359 | Neuberger Berman Strategic Income Fund, Class I | &nbsp;&nbsp;&nbsp; 34366 |
| 2048 | Nuveen All-American Municipal Bond Fund, Class I | &nbsp;&nbsp;&nbsp; 20459 |
| 7447 | Nuveen Bond Index Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 72910 |
| 2323 | Nuveen California Municipal Bond Fund, Class I | &nbsp;&nbsp;&nbsp; 23161 |
| 5640 | Nuveen High Yield Municipal Bond Fund, Class I | &nbsp;&nbsp;&nbsp; 80658 |
| 2455 | Nuveen Preferred Securities and Income Fund, Class I | &nbsp;&nbsp;&nbsp; 39971 |
| 3835 | Nuveen Short Duration High Yield Municipal Bond Fund, Class I | &nbsp;&nbsp;&nbsp; 36051 |
| 974 | Nuveen Strategic Income Fund, Class I | &nbsp;&nbsp;&nbsp; 9743 |
| 740 | PIMCO Diversified Income Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 7454 |
| 5770 | PIMCO Emerging Markets Bond Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 52504 |
| 4636 | PIMCO Emerging Markets Local Currency and Bond Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 29624 |
| 25 | PIMCO High Yield Municipal Bond Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 206 |
| 6764680 | PIMCO Income Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 74343834 |

---

---

| | | |
|:---|:---|:---|
| **OCEAN PARK TACTICAL ALL ASSET FUND** | **OCEAN PARK TACTICAL ALL ASSET FUND** | **OCEAN PARK TACTICAL ALL ASSET 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 — 46.5% (Continued)** |  |
|  | **FIXED INCOME - 41.4% (Continued)** |  |
| 684631 | PIMCO International Bond Fund U.S. Dollar-Hedged, Institutional Class | &nbsp;&nbsp;&nbsp; $6798388 |
| 695114 | PIMCO Investment Grade Credit Bond Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 6395053 |
| 815519 | PIMCO Long-Term Credit Bond Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 7258121 |
| 1355 | PIMCO Real Return Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 14056 |
| 4743 | PIMCO Total Return Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 42019 |
| 1615394 | Principal Spectrum Preferred and Capital Securities Income Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 15120089 |
| 9953 | TCW Emerging Markets Income Fund, Class I | &nbsp;&nbsp;&nbsp; 69173 |
| 1654234 | Thornburg Strategic Income Fund, Class I | &nbsp;&nbsp;&nbsp; 19189111 |
| 1399817 | Voya Securitized Credit Fund, Class I | &nbsp;&nbsp;&nbsp; 13564225 |
|  |  | &nbsp;&nbsp; 160943336 |
|  | **MIXED ALLOCATION - 0.0%<sup>(c)</sup>** |  |
| 1692 | Nuveen Real Asset Income Fund, Class I | &nbsp;&nbsp;&nbsp; 37650 |
|  | **TOTAL OPEN END FUNDS (Cost $172,006,350)** | &nbsp;&nbsp; 180849929 |
|  | **SHORT-TERM INVESTMENTS — 8.6%** |  |
|  | **COLLATERAL FOR SECURITIES LOANED - 8.3%** |  |
| 32263105 | First American Government Obligations Fund, Class X, 3.67%<sup>(b)(d)</sup> **(Cost $32,263,105)** | &nbsp;&nbsp;&nbsp; 32263105 |
|  | **MONEY MARKET FUND - 0.3%** |  |
| 1143089 | First American Government Obligations Fund, Class X, 3.67%<sup>(d)</sup> **(Cost $1,143,089)** | &nbsp;&nbsp;&nbsp; 1143089 |
|  | **TOTAL SHORT-TERM INVESTMENTS (Cost $33,406,194)** | 33406194 |
|  | **TOTAL INVESTMENTS - 108.2% (Cost $393,986,272)** | &nbsp;&nbsp;&nbsp; $420959469 |
|  | **LIABILITIES IN EXCESS OF OTHER ASSETS - (8.2)%** | &nbsp;&nbsp; (31906520) |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $389052949 |

---

---

| | |
|:---|:---|
| CLO | - Collateralized Loan Obligation |
| 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 $31,189,454, 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 $32,263,105 at December 31, 2025. |
| <sup>(c)</sup> | Non-income producing security. |
| <sup>(c)</sup> | Percentage rounds to less than 0.1%. |
| <sup>(d)</sup> | Rate disclosed is the seven day effective yield as of December 31, 2025. |

---

## 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 All Asset Fund

- **b. EDGAR series identifier (if any):** S000020016

- **c. LEI of Series:** 549300EKTD0XLN4SGF59

**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:** $389539674.87

**Total Liabilities:** $486726.17

**Net Assets:** $389052948.70

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000056130 | 0.89%                | 0.31%                | 0.36%                |
| Class ID C000056131 | 0.89%                | 0.31%                | 0.36%                |
| Class ID C000056132 | 0.94%                | 0.31%                | 0.38%                |
| Class ID C000084926 | 0.84%                | 0.26%                | 0.30%                |
| Class ID C000115425 | 0.92%                | 0.26%                | 0.36%                |
| Class ID C000115426 | 0.93%                | 0.26%                | 0.36%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2286714.64              | $1079455.71                                |
| Month 2  | $3058309.93              | $-2534447.76                               |
| Month 3  | $2548238.65              | $-3571965.76                               |

### 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        |    599125 | NS      | $9298424.00   | 2.39%             |  |  |  | No            | 1                  | On Loan: No      |
| American Century Investment Trust                | AC-HI INC-Y               | CUSIP: 024932154<br>LEI: 549300RGSU9J1L1HFF90 | Long             | EC               | RF                | US        |      2335 | NS      | $20521.15     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| American Century ETF Trust                       | AVANTIS INTL S/C          | CUSIP: 025072802<br>LEI: 5493006IKK34YJD98183 | Long             | EC               | RF                | US        |    114700 | NS      | $10778359.00  | 2.77%             |  |  |  | No            | 1                  | On Loan: No      |
| Blackrock Municipal Bond Fund Inc                | BLKR-NTL MUN-INS          | CUSIP: 09253C876<br>LEI: N/A                  | Long             | EC               | RF                | US        |      6844 | NS      | $68367.92     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Blackrock Municipal Series Trust                 | BLRK-STR MUN-I            | CUSIP: 09253E609<br>LEI: N13FNQG6SVW6WDIWRJ75 | Long             | EC               | RF                | US        |      2962 | NS      | $30775.33     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Blackrock Funds V                                | BLKR-STR INC-INS          | CUSIP: 09260B382<br>LEI: 54930077DSFQPJDWM487 | Long             | EC               | RF                | US        |      2755 | NS      | $26917.89     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Blackrock Funds V                                | BLKR-HI YLD-INS           | CUSIP: 09260B630<br>LEI: 54930077DSFQPJDWM487 | Long             | EC               | RF                | US        |      2244 | NS      | $16199.96     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Blackrock Funds V                                | BLK-FLOAT RA-INS          | CUSIP: 09260B747<br>LEI: 54930077DSFQPJDWM487 | Long             | EC               | RF                | US        |         2 | NS      | $15.10        | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Dimensional ETF Trust                            | DIM INTL VALUE            | CUSIP: 25434V807<br>LEI: 549300TQ0DPO13B72F34 | Long             | EC               | RF                | US        |    230400 | NS      | $11496960.00  | 2.96%             |  |  |  | No            | 1                  | On Loan: —       |
| Dodge & Cox Funds                                | D&C-GL BND -I             | CUSIP: 256206301<br>LEI: 549300R3H2V5UI5MR803 | Long             | EC               | RF                | US        |    215531 | NS      | $2424724.83   | 0.62%             |  |  |  | No            | 1                  | On Loan: No      |
| Doubleline Funds Trust                           | DBL-FLX INC-I             | CUSIP: 258620798<br>LEI: 549300MUFFXFRMY0RH66 | Long             | EC               | RF                | US        |   1198774 | NS      | $10501260.22  | 2.70%             |  |  |  | No            | 1                  | On Loan: No      |
| ETF Series Solutions                             | DEFIANCE QUANTUM          | CUSIP: 26922A420<br>LEI: 5493008BB0X0GYS3UI50 | Long             | EC               | RF                | US        |     17500 | NS      | $1919050.00   | 0.49%             |  |  |  | No            | 1                  | On Loan: —       |
| Eaton Vance Ser Fund Incorporation               | EV-E/M DBT O-I            | CUSIP: 27827V402<br>LEI: 549300R49JD3NSE34I86 | Long             | EC               | RF                | US        |    352658 | NS      | $2941171.80   | 0.76%             |  |  |  | No            | 1                  | On Loan: No      |
| First American Funds Inc.                        | FRST AM-GV OB-X           | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   1143089 | PA      | $1143089.43   | 0.29%             |  |  |  | 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        |    100400 | NS      | $4606352.00   | 1.18%             |  |  |  | No            | 1                  | On Loan: —       |
| First Trust Exchange-Traded Fund III             | FIRST TRUST INST          | CUSIP: 33739P855<br>LEI: 5493003Z20QMESC6XS29 | Long             | EC               | RF                | US        |    247200 | NS      | $4793208.00   | 1.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Franklin Templeton ETF Trust                     | FRANKLIN HIGH YI          | CUSIP: 35473P629<br>LEI: 549300UHXVPT5S43XV04 | Long             | EC               | RF                | US        |     96400 | NS      | $2353606.00   | 0.60%             |  |  |  | No            | 1                  | On Loan: No      |
| Ishares Inc                                      | ISHARES MSCI CAN          | CUSIP: 464286509<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |    112000 | NS      | $6040160.00   | 1.55%             |  |  |  | No            | 1                  | On Loan: —       |
| Ishares Inc                                      | ISHARES JP MORGAN EM LOCA | CUSIP: 464286517<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |    119900 | NS      | $4984243.00   | 1.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Ishares Inc                                      | ISHARES MSCI EUR          | CUSIP: 464286608<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |     42000 | NS      | $2692200.00   | 0.69%             |  |  |  | No            | 1                  | On Loan: No      |
| iShares Trust                                    | ISHARES LATIN AM          | CUSIP: 464287390<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     65300 | NS      | $1988385.00   | 0.51%             |  |  |  | No            | 1                  | On Loan: —       |
| iShares Trust                                    | ISHARES BIOTECHN          | CUSIP: 464287556<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     36400 | NS      | $6143228.00   | 1.58%             |  |  |  | No            | 1                  | On Loan: —       |
| iShares Trust                                    | ISHARES IBOXX HI          | CUSIP: 464288513<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     57600 | NS      | $4644288.00   | 1.19%             |  |  |  | No            | 1                  | On Loan: —       |
| iShares Trust                                    | ISHARES PREFERRE          | CUSIP: 464288687<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |    174200 | NS      | $5393232.00   | 1.39%             |  |  |  | No            | 1                  | On Loan: No      |
| iShares Trust                                    | ISHARES U.S. AER          | CUSIP: 464288760<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     17700 | NS      | $3800013.00   | 0.98%             |  |  |  | No            | 1                  | On Loan: —       |
| iShares Trust                                    | ISHARES FLOATING          | CUSIP: 46429B655<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     34200 | NS      | $1739412.00   | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| iShares Trust                                    | ISHARES MSCI INT          | CUSIP: 46434V449<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |    190200 | NS      | $9123894.00   | 2.35%             |  |  |  | No            | 1                  | On Loan: —       |
| JP Morgan Trust I                                | JPM IMCOME-I              | CUSIP: 46637K224<br>LEI: 549300DM5WZMCZZ70R78 | Long             | EC               | RF                | US        |   1396951 | NS      | $12027744.05  | 3.09%             |  |  |  | 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      |
| JP Morgan Trust I                                | JPM-EM MKT E-I            | CUSIP: 4812A0623<br>LEI: 549300DM5WZMCZZ70R78 | Long             | EC               | RF                | US        |         1 | NS      | $45.21        | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| JP Morgan Trust I                                | JPM-EM MKT D-I            | CUSIP: 4812A0748<br>LEI: 549300DM5WZMCZZ70R78 | Long             | EC               | RF                | US        |         1 | NS      | $8.19         | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Metropolitan West Funds                          | MW-T/R BND-I              | CUSIP: 592905509<br>LEI: 549300KGDNJW6FXNDC82 | Long             | EC               | RF                | US        |      2961 | NS      | $27184.23     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Metropolitan West Funds                          | MW-H/Y BND-I              | CUSIP: 592905848<br>LEI: 549300KGDNJW6FXNDC82 | Long             | EC               | RF                | US        |         6 | NS      | $55.59        | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Neuberger Berman Income Funds                    | NEUBERGER-STRA-I          | CUSIP: 64128K751<br>LEI: 54930087F7MMJ21RIJ90 | Long             | EC               | RF                | US        |      3341 | NS      | $34176.19     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Nuveen Multistate                                | NVN-CA MUNI-I             | CUSIP: 67065N407<br>LEI: 549300IEL53UNMUSWW03 | Long             | EC               | RF                | US        |      2315 | NS      | $23085.44     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Nuveen Municipal                                 | NVN-SH DUR HY-I           | CUSIP: 67065Q699<br>LEI: 549300D2RECSQKX7NC33 | Long             | EC               | RF                | US        |      3819 | NS      | $35900.38     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Nuveen Municipal                                 | NVN-H/Y MUN-I             | CUSIP: 67065Q772<br>LEI: 549300D2RECSQKX7NC33 | Long             | EC               | RF                | US        |      5614 | NS      | $80278.88     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Nuveen Municipal                                 | NVN-ALL AMER-I            | CUSIP: 67065Q855<br>LEI: 549300D2RECSQKX7NC33 | Long             | EC               | RF                | US        |      2040 | NS      | $20382.46     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Nuveen Investment Funds                          | NVN-STR INC-I             | CUSIP: 670678390<br>LEI: T3MQBTRBVMWQY3LBIL50 | Long             | EC               | RF                | US        |       970 | NS      | $9697.44      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Nuveen Investment Funds                          | NVN-R/A INC-I             | CUSIP: 670690155<br>LEI: T3MQBTRBVMWQY3LBIL50 | Long             | EC               | RF                | US        |      1671 | NS      | $37171.70     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Nuveen Investments Trust V                       | NVN-PREF SEC-I            | CUSIP: 670700400<br>LEI: 5493005YOHPRCB8M2Y83 | Long             | EC               | RF                | US        |      2443 | NS      | $39778.93     | 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        |      4724 | NS      | $41856.78     | 0.01%             |  |  |  | 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        |    681488 | NS      | $6767172.85   | 1.74%             |  |  |  | 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        |      1351 | NS      | $14007.10     | 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        |      5738 | NS      | $52217.30     | 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        |       736 | NS      | $7419.59      | 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        |    692204 | NS      | $6368272.24   | 1.64%             |  |  |  | No            | 1                  | On Loan: No      |
| PIMCO Funds                                      | PIMCO-INCOME-INS          | CUSIP: 72201F490<br>LEI: 5493003B5Y5GR0Y25Y76 | Long             | EC               | RF                | US        |   6730995 | NS      | $73973630.08  | 19.01%            |  |  |  | No            | 1                  | On Loan: No      |
| PIMCO Funds                                      | PIMCO-EM L C-INS          | CUSIP: 72201F516<br>LEI: 5493003B5Y5GR0Y25Y76 | Long             | EC               | RF                | US        |      4610 | NS      | $29454.79     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| PIMCO Funds                                      | PIMCO-HY MUNI-I           | CUSIP: 72201F672<br>LEI: 5493003B5Y5GR0Y25Y76 | Long             | EC               | RF                | US        |        24 | NS      | $204.77       | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| PIMCO Funds                                      | PIMCO-L/T CR-INS          | CUSIP: 72201P647<br>LEI: 5493003B5Y5GR0Y25Y76 | Long             | EC               | RF                | US        |    811503 | NS      | $7222376.82   | 1.86%             |  |  |  | No            | 1                  | On Loan: No      |
| PIMCO ETF Trust                                  | PIMCO MULTISECT           | CUSIP: 72201R585<br>LEI: 5493004M9TBGFQUJ6D27 | Long             | EC               | RF                | US        |    175100 | NS      | $4671668.00   | 1.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Principal Funds Inc                              | PRIN-PR & CA-INS          | CUSIP: 74253Q416<br>LEI: 549300HZGBXSW6DSXF23 | Long             | EC               | RF                | US        |   1615394 | NS      | $15120090.05  | 3.89%             |  |  |  | No            | 1                  | On Loan: No      |
| Principal Exchange-Traded Funds                  | PRINCIPAL SPECTR          | CUSIP: 74255Y888<br>LEI: 549300AG76V5U32HWF10 | Long             | EC               | RF                | US        |    192000 | NS      | $3661440.00   | 0.94%             |  |  |  | No            | 1                  | On Loan: —       |
| SPDR Series Trust                                | STATE STREET SPD          | CUSIP: 78464A854<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |    767000 | NS      | $61528740.00  | 15.82%            |  |  |  | No            | 1                  | On Loan: No      |
| SSGA Active Trust                                | SS BLKST HI INC           | CUSIP: 78470P846<br>LEI: 549300MAXSRPQ75ICU67 | Long             | EC               | RF                | US        |     81800 | NS      | $2326392.00   | 0.60%             |  |  |  | No            | 1                  | On Loan: No      |
| Series Portfolios Trust                          | ELD BBB-B CL ETF          | CUSIP: 81752T528<br>LEI: 5493008VNHP5UNYJ3713 | Long             | EC               | RF                | US        |    135800 | NS      | $3595984.00   | 0.92%             |  |  |  | No            | 1                  | On Loan: —       |
| Tcw Funds Inc                                    | TCW EMERGING MAR          | CUSIP: 87234N765<br>LEI: 54930078E2I2DS4UJ217 | Long             | EC               | RF                | US        |      9953 | NS      | $69172.72     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Tiaa-Cref Fund                                   | NUVEEN BOND INDE          | CUSIP: 87245M848<br>LEI: 549300L8R42TEBN5NG46 | Long             | EC               | RF                | US        |      7423 | NS      | $72673.23     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Thornburg Investment Trust                       | THRNB-STR IN-I            | CUSIP: 885215194<br>LEI: 5493001XM52H8S4WYY82 | Long             | EC               | RF                | US        |   1647331 | NS      | $19109034.07  | 4.91%             |  |  |  | No            | 1                  | On Loan: No      |
| Thornburg Investment Trust                       | THRNB-INC BLD-I           | CUSIP: 885215467<br>LEI: 5493001XM52H8S4WYY82 | Long             | EC               | RF                | US        |       314 | NS      | $10420.66     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| VanEck ETF Trust                                 | VANECK EMERGING           | CUSIP: 92189F353<br>LEI: 549300ZLFKNTXC51ZN76 | Long             | EC               | RF                | US        |    112800 | NS      | $2243592.00   | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| VanEck ETF Trust                                 | VANECK OIL SERVI          | CUSIP: 92189H607<br>LEI: 549300ZLFKNTXC51ZN76 | Long             | EC               | RF                | US        |      6900 | NS      | $1964913.00   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Vanguard Bond Index Funds                        | VANGUARD TOTAL B          | CUSIP: 921937835<br>LEI: 549300INE5BF80OGAZ51 | Long             | EC               | RF                | US        |    191100 | NS      | $14154777.00  | 3.64%             |  |  |  | No            | 1                  | On Loan: No      |
| Vanguard Scottsdale Funds                        | VANGUARD INT TER          | CUSIP: 92206C870<br>LEI: 549300Y88GQ3VLJIBX57 | Long             | EC               | RF                | US        |     33300 | NS      | $2788875.00   | 0.72%             |  |  |  | No            | 1                  | On Loan: —       |
| Vanguard Index Funds                             | VANGUARD S/C G E          | CUSIP: 922908595<br>LEI: 549300G6KNDK44WUN559 | Long             | EC               | RF                | US        |     23700 | NS      | $7160007.00   | 1.84%             |  |  |  | No            | 1                  | On Loan: —       |
| Vanguard Index Funds                             | VANGUARD GRW ETF          | CUSIP: 922908736<br>LEI: 549300G6KNDK44WUN559 | Long             | EC               | RF                | US        |     32800 | NS      | $16001808.00  | 4.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Voya Separate  Portfolios Tr                     | VOYA-SECUR CR-I           | CUSIP: 92913M732<br>LEI: 549300ZK3E04XAD4QG44 | Long             | EC               | RF                | US        |   1393520 | NS      | $13503210.93  | 3.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Wisdomtree Trust                                 | WISDOMTREE JPN H          | CUSIP: 97717W851<br>LEI: 549300SEVJBU47TE8855 | Long             | EC               | RF                | US        |     28500 | NS      | $4108560.00   | 1.06%             |  |  |  | No            | 1                  | On Loan: —       |

### Signature

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

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

**Signature:** James Colantino

**Name of Signer:** James Colantino

**Title:** Treasurer