# EDGAR Filing Document

**Accession Number:** 0001314414
**File Stem:** 0000910472-25-003481
**Filing Date:** 2025-11
**Character Count:** 28255
**Document Hash:** 78d5b86fd4078f1975c47b25a9df8c0e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-003481.hdr.sgml**: 20251119

**ACCESSION NUMBER**: 0000910472-25-003481

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251119

**DATE AS OF CHANGE**: 20251119

**PERIOD START**: 20251231

**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:** 251497778

**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

### BTS Enhanced Equity Income Fund (Series ID: S000085575)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000250884 | BTS Enhanced Equity Income Fund - Class A |  |
| C000250886 | BTS Enhanced Equity Income Fund - Class I |  |

## Nport-Ex

x

---

| | | |
|:---|:---|:---|
| **BTS ENHANCED EQUITY INCOME FUND** | **BTS ENHANCED EQUITY INCOME FUND** | **BTS ENHANCED EQUITY INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 89.7%** |  |
|  | **ADVERTISING & MARKETING - 2.8%** |  |
| 2981 | Omnicom Group, Inc. | &nbsp;&nbsp;&nbsp; $243041 |
|  | **AUTOMOTIVE - 0.9%** |  |
| 6571 | Ford Motor Company | &nbsp;&nbsp;&nbsp; 78589 |
|  | **BANKING - 1.8%** |  |
| 3009 | Regions Financial Corporation | &nbsp;&nbsp;&nbsp; 79347 |
| 1644 | US Bancorp | &nbsp;&nbsp;&nbsp; 79455 |
|  |  | &nbsp;&nbsp; 158802 |
|  | **BIOTECH & PHARMA - 3.1%** |  |
| 695 | Gilead Sciences, Inc. | &nbsp;&nbsp;&nbsp; 77145 |
| 941 | Merck & Company, Inc. | &nbsp;&nbsp;&nbsp; 78978 |
| 276 | United Therapeutics Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 115702 |
|  |  | &nbsp;&nbsp; 271825 |
|  | **CABLE & SATELLITE - 4.5%** |  |
| 12712 | Comcast Corporation, Class A | &nbsp;&nbsp;&nbsp; 399411 |
|  | **CHEMICALS - 2.2%** |  |
| 2195 | CF Industries Holdings, Inc. | &nbsp;&nbsp;&nbsp; 196891 |
|  | **CONTAINERS & PACKAGING - 0.9%** |  |
| 361 | Packaging Corporation of America | &nbsp;&nbsp;&nbsp; 78673 |
|  | **ELECTRIC UTILITIES - 6.3%** |  |
| 1511 | Ameren Corporation | &nbsp;&nbsp;&nbsp; 157718 |
| 356 | Constellation Energy Corporation | &nbsp;&nbsp;&nbsp; 117149 |
| 7847 | PG&E Corporation | &nbsp;&nbsp;&nbsp; 118333 |
| 1953 | Xcel Energy, Inc. | &nbsp;&nbsp;&nbsp; 157509 |
|  |  | &nbsp;&nbsp; 550709 |
|  | **FOOD - 5.6%** |  |
| 2623 | Hershey Company (The) | &nbsp;&nbsp;&nbsp; 490632 |

---

---

| | | |
|:---|:---|:---|
| **BTS ENHANCED EQUITY INCOME FUND** | **BTS ENHANCED EQUITY INCOME FUND** | **BTS ENHANCED EQUITY INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 89.7% (Continued)** |  |
|  | **HEALTH CARE FACILITIES & SERVICES - 1.8%** |  |
| 485 | Elevance Health, Inc. | &nbsp;&nbsp;&nbsp; $156713 |
|  | **HOME CONSTRUCTION - 1.3%** |  |
| 895 | PulteGroup, Inc. | &nbsp;&nbsp;&nbsp; 118256 |
|  | **INDUSTRIAL SUPPORT SERVICES - 0.9%** |  |
| 195 | Watsco, Inc. | &nbsp;&nbsp;&nbsp; 78839 |
|  | **INFRASTRUCTURE REIT - 1.3%** |  |
| 610 | SBA Communications Corporation | &nbsp;&nbsp;&nbsp; 117944 |
|  | **INSURANCE - 3.6%** |  |
| 735 | Allstate Corporation (The) | &nbsp;&nbsp;&nbsp; 157768 |
| 442 | Aon plc, Class A | &nbsp;&nbsp;&nbsp; 157608 |
|  |  | &nbsp;&nbsp; 315376 |
|  | **INTERNET MEDIA & SERVICES - 8.4%** |  |
| 1521 | Alphabet, Inc., Class A | &nbsp;&nbsp;&nbsp; 369754 |
| 502 | Meta Platforms, Inc., Class A | &nbsp;&nbsp;&nbsp; 368659 |
|  |  | &nbsp;&nbsp; 738413 |
|  | **MACHINERY - 2.7%** |  |
| 683 | Snap-on, Inc. | &nbsp;&nbsp;&nbsp; 236680 |
|  | **MEDICAL EQUIPMENT & DEVICES - 3.1%** |  |
| 1172 | Abbott Laboratories | &nbsp;&nbsp;&nbsp; 156978 |
| 397 | Waters Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 119025 |
|  |  | &nbsp;&nbsp; 276003 |
|  | **OIL & GAS PRODUCERS - 6.7%** |  |
| 1528 | Chevron Corporation | &nbsp;&nbsp;&nbsp; 237283 |
| 1255 | ConocoPhillips | &nbsp;&nbsp;&nbsp; 118710 |
| 2107 | Exxon Mobil Corporation | &nbsp;&nbsp;&nbsp; 237565 |
|  |  | &nbsp;&nbsp; 593558 |
|  | **OIL & GAS SERVICES & EQUIPMENT - 1.4%** |  |
| 3464 | SLB Ltd. | &nbsp;&nbsp;&nbsp; 119058 |

---

---

| | | |
|:---|:---|:---|
| **BTS ENHANCED EQUITY INCOME FUND** | **BTS ENHANCED EQUITY INCOME FUND** | **BTS ENHANCED EQUITY INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 89.7% (Continued)** |  |
|  | **RESIDENTIAL REIT - 1.4%** |  |
| 4040 | Invitation Homes, Inc. | &nbsp;&nbsp;&nbsp; $118493 |
|  | **RETAIL - CONSUMER STAPLES - 7.0%** |  |
| 1263 | BJ's Wholesale Club Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 117775 |
| 7286 | Kroger Company (The) | &nbsp;&nbsp;&nbsp; 491149 |
|  |  | &nbsp;&nbsp; 608924 |
|  | **RETAIL - DISCRETIONARY - 5.8%** |  |
| 27 | AutoZone, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 115836 |
| 1049 | Best Buy Company, Inc. | &nbsp;&nbsp;&nbsp; 79325 |
| 1136 | Genuine Parts Company | &nbsp;&nbsp;&nbsp; 157451 |
| 388 | Home Depot, Inc. (The) | &nbsp;&nbsp;&nbsp; 157214 |
|  |  | &nbsp;&nbsp; 509826 |
|  | **RETAIL REIT - 0.9%** |  |
| 421 | Simon Property Group, Inc. | &nbsp;&nbsp;&nbsp; 79009 |
|  | **SEMICONDUCTORS - 1.3%** |  |
| 634 | NVIDIA Corporation | &nbsp;&nbsp;&nbsp; 118292 |
|  | **SOFTWARE - 1.8%** |  |
| 304 | Microsoft Corporation | &nbsp;&nbsp;&nbsp; 157457 |
|  | **SPECIALTY REIT - 0.9%** |  |
| 647 | Lamar Advertising Company, Class A | &nbsp;&nbsp;&nbsp; 79206 |
|  | **STEEL - 1.4%** |  |
| 423 | Reliance, Inc. | &nbsp;&nbsp;&nbsp; 118791 |
|  | **TECHNOLOGY HARDWARE - 2.3%** |  |
| 819 | Arista Networks, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 119337 |
| 1151 | Cisco Systems, Inc. | &nbsp;&nbsp;&nbsp; 78751 |
|  |  | &nbsp;&nbsp; 198088 |
|  | **TECHNOLOGY SERVICES - 2.7%** |  |
| 636 | Accenture plc, Class A | &nbsp;&nbsp;&nbsp; 156837 |

---

---

| | | |
|:---|:---|:---|
| **BTS ENHANCED EQUITY INCOME FUND** | **BTS ENHANCED EQUITY INCOME FUND** | **BTS ENHANCED EQUITY INCOME FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 89.7% (Continued)** | |
|  | **TECHNOLOGY SERVICES - 2.7% (Continued)** | |
| 277 | International Business Machines Corporation | &nbsp;&nbsp;&nbsp; $78158 |
|  |  | &nbsp;&nbsp; 234995 |
|  | **TELECOMMUNICATIONS - 1.8%** |  |
| 3593 | Verizon Communications, Inc. | &nbsp;&nbsp;&nbsp; 157912 |
|  | **TOBACCO & CANNABIS - 1.3%** |  |
| 1786 | Altria Group, Inc. | &nbsp;&nbsp;&nbsp; 117983 |
|  | **TRANSPORTATION & LOGISTICS - 1.8%** |  |
| 1292 | Expeditors International of Washington, Inc. | &nbsp;&nbsp;&nbsp; 158386 |
|  | **TOTAL COMMON STOCKS (Cost $7,577,614)** | &nbsp;&nbsp; 7876775 |
|  | **EXCHANGE-TRADED FUNDS — 8.0%** |  |
|  | **EQUITY - 8.0%** |  |
| 6129 | JPMorgan Equity Premium Income ETF | &nbsp;&nbsp;&nbsp; 349966 |
| 6086 | JPMorgan Nasdaq Equity Premium Income ETF | &nbsp;&nbsp;&nbsp; 350067 |
|  |  | &nbsp;&nbsp; 700033 |
|  | **TOTAL EXCHANGE-TRADED FUNDS (Cost $691,359)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;700033 |
|  | **SHORT-TERM INVESTMENT — 3.1%** |  |
|  | **MONEY MARKET FUND - 3.1%** |  |
| 273801 | Fidelity Investments Money Market Government Portfolio, Class I, 4.04%<sup>(b)</sup> (Cost $273,801) | 273801 |
|  | **TOTAL INVESTMENTS - 100.8% (Cost $8,542,774)** | &nbsp;&nbsp;&nbsp; $8850609 |
|  | **LIABILITIES IN EXCESS OF OTHER ASSETS - (0.8)%** | &nbsp;&nbsp; (68155) |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $8782454 |

---

---

| | |
|:---|:---|
| ETF | - Exchange-Traded Fund |
| Ltd. | - Limited Company |
| plc | - Public Limited Company |
| REIT | - Real Estate Investment Trust |

---

<sup></sup> <sup>(a)</sup> Non-income producing security. <br> <sup>(b)</sup> Rate disclosed is the seven day effective yield as of September 30, 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:** BTS Enhanced Equity Income Fund

- **b. EDGAR series identifier (if any):** S000085575

- **c. LEI of Series:** 529900PVVGCQSPK7DQ20

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

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

- **b. Date as of which information is reported:** 2025-09-30

**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:** $12019682.31

**Total Liabilities:** $3237228.10

**Net Assets:** $8782454.21

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000250884 | 0.31%                | 3.26%                | 1.36%                |
| Class ID C000250886 | 0.41%                | 3.15%                | 1.42%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.09                    | $20254.61                                  |
| Month 2  | $0.00                    | $258256.27                                 |
| Month 3  | $16846.91                | $92060.86                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Altria Group, Inc.                          | ALTRIA GROUP INC | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |      1786 | NS      | $117983.16    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Autozone, Inc.                              | AUTOZONE INC     | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |        27 | NS      | $115836.48    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc.                        | ELEVANCE HEALTH  | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |       485 | NS      | $156713.20    | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc                            | MERCK & CO       | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |       941 | NS      | $78978.13     | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Hershey Co. (The)                           | HERSHEY CO/THE   | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |      2623 | NS      | $490632.15    | 5.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger Limited                        | SCHLUMBERGER LTD | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |      3464 | NS      | $119057.68    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Waters Corporation                          | WATERS CORP      | CUSIP: 941848103<br>LEI: 5T547R1474YC9HOD8Q74 | Long             | EC               | CORP              | US        |       397 | NS      | $119024.57    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                               | ALPHABET INC-A   | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      1521 | NS      | $369755.10    | 4.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corp.                                | AMEREN CORP      | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |      1511 | NS      | $157718.18    | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc.                             | HOME DEPOT INC   | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |       388 | NS      | $157213.72    | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                         | ARISTA NETWORKS  | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |       819 | NS      | $119336.49    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc.                        | GILEAD SCIENCES  | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |       695 | NS      | $77145.00     | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                             | MICROSOFT CORP   | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |       304 | NS      | $157456.80    | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| The Kroger Co.                              | KROGER CO        | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |      7286 | NS      | $491149.26    | 5.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corporation                         | COMCAST CORP-A   | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     12712 | NS      | $399411.04    | 4.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp.                               | CHEVRON CORP     | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1528 | NS      | $237283.12    | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                                     | AON PLC-CLASS A  | CUSIP: G0403H108<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | IE        |       442 | NS      | $157608.36    | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc                    | SIMON PROPERTY   | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |       421 | NS      | $79009.07     | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corp.                    | SBA COMM CORP    | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |       610 | NS      | $117943.50    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                                | NVIDIA CORP      | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |       634 | NS      | $118291.72    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicom Group Inc                           | OMNICOM GROUP    | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |      2981 | NS      | $243040.93    | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                             | XCEL ENERGY INC  | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |      1953 | NS      | $157509.45    | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| J P Morgan Exchange Traded Fund Trust       | JPM NSD EQY PRE  | CUSIP: 46654Q203<br>LEI: 5493001E1K1DVWDV2464 | Long             | EC               | RF                | US        |      6086 | NS      | $350066.72    | 3.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Genuine Parts Co                            | GENUINE PARTS CO | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               | CORP              | US        |      1136 | NS      | $157449.60    | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Inc                                | RELIANCE INC     | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |       423 | NS      | $118791.09    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                         | CISCO SYSTEMS    | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |      1151 | NS      | $78751.42     | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Watsco Inc                                  | WATSCO INC       | CUSIP: 942622200<br>LEI: 549300F1Y3LN5BX5WN75 | Long             | EC               | CORP              | US        |       195 | NS      | $78838.50     | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                          | META PLATFORMS-A | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |       502 | NS      | $368658.76    | 4.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                               | ACCENTURE PLC-A  | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |       636 | NS      | $156837.60    | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                              | CONOCOPHILLIPS   | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |      1255 | NS      | $118710.45    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Pulte Group Inc                             | PULTEGROUP INC   | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       895 | NS      | $118256.35    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings, Inc.                | CF INDUSTRIES HO | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |      2195 | NS      | $196891.50    | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ Wholesale Club Holdings Inc              | BJ'S WHOLESALE C | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |      1263 | NS      | $117774.75    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Regions Financial Corporation               | REGIONS FINANCIA | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |      3009 | NS      | $79347.33     | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Motor Company                          | FORD MOTOR CO    | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |      6571 | NS      | $78589.16     | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc.                 | VERIZON COMMUNIC | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |      3593 | NS      | $157912.35    | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E Corporation                            | PG&E CORP        | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |      7847 | NS      | $118332.76    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Bancorp.                               | US BANCORP       | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |      1644 | NS      | $79454.52     | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| J P Morgan Exchange Traded Fund Trust       | JPM EQTY P-INC   | CUSIP: 46641Q332<br>LEI: 5493001E1K1DVWDV2464 | Long             | EC               | RF                | US        |      6129 | NS      | $349965.90    | 3.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Snap-On Incorporated                        | SNAP-ON INC      | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               | CORP              | US        |       683 | NS      | $236679.99    | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Best Buy Co Inc.                            | BEST BUY CO INC  | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |      1049 | NS      | $79325.38     | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                         | ABBOTT LABS      | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |      1172 | NS      | $156977.68    | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| United Therapeutics Corporation             | UNITED THERAPEUT | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |       276 | NS      | $115701.96    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Colchester Street Trust            | FID-MM GOVT-I    | CUSIP: 316175108<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |    273801 | PA      | $273801.38    | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                           | EXXON MOBIL CORP | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      2107 | NS      | $237564.25    | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp.                  | CONSTELLATION EN | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |       356 | NS      | $117148.92    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Invitation Homes Inc.                       | INVITATION HOMES | CUSIP: 46187W107<br>LEI: 984500FE452E665C9F85 | Long             | EC               | CORP              | US        |      4040 | NS      | $118493.20    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamar Advertising Company                   | LAMAR ADVERTIS-A | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               | CORP              | US        |       647 | NS      | $79205.74     | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp.       | IBM              | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |       277 | NS      | $78158.32     | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| The Allstate Corporation                    | ALLSTATE CORP    | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |       735 | NS      | $157767.75    | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Expeditors International Of Washington Inc. | EXPEDITORS INTL  | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Long             | EC               | CORP              | US        |      1292 | NS      | $158386.28    | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Packaging Corporation of America            | PACKAGING CORP   | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |       361 | NS      | $78672.73     | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-28

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

**Signature:** James Colantino

**Name of Signer:** James Colantino

**Title:** Treasurer