# EDGAR Filing Document

**Accession Number:** 0001314414
**File Stem:** 0001752724-23-075019
**Filing Date:** 2023-3
**Character Count:** 14904
**Document Hash:** 621bd06e00fbc593f6e9222a70b382f5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-075019.hdr.sgml**: 20230331

**ACCESSION NUMBER**: 0001752724-23-075019

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230331

**DATE AS OF CHANGE**: 20230331

**PERIOD START**: 20230430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Northern Lights Fund Trust
- **CENTRAL INDEX KEY:** 0001314414
- **IRS NUMBER:** 043023766
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21720
- **FILM NUMBER:** 23784073

**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

### Eagle MLP Strategy Fund (Series ID: S000036854)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000112720 | Eagle MLP Strategy Fund Class A Shares | EGLAX           |
| C000112721 | Eagle MLP Strategy Fund Class I Shares | EGLIX           |
| C000124015 | Eagle MLP Strategy Fund Class C Shares | EGLCX           |
| C000203318 | Eagle MLP Strategy Fund Class N Shares |  |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **EAGLE MLP STRATEGY FUND** | **EAGLE MLP STRATEGY FUND** | **EAGLE MLP STRATEGY FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **January 31, 2023** | **January 31, 2023** | **January 31, 2023** |
| **Shares** |  | **Fair Value** |
|  | **MLP & MLP RELATED SECURITIES — 97.8%** |  |
|  | **GATHERING & PROCESSING - 17.5%** |  |
| 200000 | Antero Midstream Corporation | &nbsp;&nbsp;&nbsp; $2180000 |
| 53900 | Crestwood Equity Partners, L.P. | &nbsp;&nbsp;&nbsp; 1449910 |
| 360600 | EnLink Midstream, LLC | &nbsp;&nbsp;&nbsp; 4586832 |
| 36100 | Hess Midstream, L.P., Class A | &nbsp;&nbsp;&nbsp; 1114768 |
| 267600 | Western Midstream Partners, L.P. | &nbsp;&nbsp;&nbsp; 7230552 |
|  |  | &nbsp;&nbsp; 16562062 |
|  | **LNG INFRASTRUCTURE - 10.1%** |  |
| 62550 | Cheniere Energy, Inc. | &nbsp;&nbsp;&nbsp; 9557015 |
|  | **MINERAL COMPANIES - 3.5%** |  |
| 63000 | Sitio Royalties Corporation | &nbsp;&nbsp;&nbsp; 1673910 |
| 50700 | Viper Energy Partners, L.P. | &nbsp;&nbsp;&nbsp; 1609725 |
|  |  | &nbsp;&nbsp; 3283635 |
|  | **PIPELINE-DIVERSIFIED - 10.1%** |  |
| 723000 | Energy Transfer, L.P. | &nbsp;&nbsp;&nbsp; 9601440 |
|  | **PIPELINE-NATURAL GAS - 13.0%** |  |
| 173500 | Kinder Morgan, Inc. | &nbsp;&nbsp;&nbsp; 3175050 |
| 67000 | ONEOK, Inc. | &nbsp;&nbsp;&nbsp; 4588160 |
| 141500 | Williams Companies, Inc. (The) | &nbsp;&nbsp;&nbsp; 4561960 |
|  |  | &nbsp;&nbsp; 12325170 |
|  | **PIPELINE-NGL INFRASTRUCTURE - 19.1%** |  |
| 143500 | Keyera Corporation | &nbsp;&nbsp;&nbsp; 3273424 |
| 125000 | Pembina Pipeline Corporation | &nbsp;&nbsp;&nbsp; 4437500 |
| 137800 | Targa Resources Corporation | &nbsp;&nbsp;&nbsp; 10337755 |
|  |  | &nbsp;&nbsp; 18048679 |
|  | **PIPELINE-PETROLEUM - 11.0%** |  |
| 8700 | Magellan Midstream Partners, L.P. | &nbsp;&nbsp;&nbsp; 464580 |
| 755700 | Plains GP Holdings, L.P., Class A | &nbsp;&nbsp;&nbsp; 9892113 |
|  |  | &nbsp;&nbsp; 10356693 |
|  | **PIPELINES AND TRANSPORTATION - 9.4%** |  |
| 108520 | Enbridge, Inc. | &nbsp;&nbsp;&nbsp; 4446064 |
| 126900 | MPLX, L.P. | &nbsp;&nbsp;&nbsp; 4431348 |
|  |  | &nbsp;&nbsp; 8877412 |

---

---

| | | |
|:---|:---|:---|
| **EAGLE MLP STRATEGY FUND** | **EAGLE MLP STRATEGY FUND** | **EAGLE MLP STRATEGY FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **January 31, 2023** | **January 31, 2023** | **January 31, 2023** |
| **Shares** |  | **Fair Value** |
|  | **MLP & MLP RELATED SECURITIES — 97.8% (Continued)** |  |
|  | **RENEWABLE ELECTRIC GENERATION - 1.1%** |  |
| 16700 | Clearway Energy, Inc. | &nbsp;&nbsp;&nbsp; $564293 |
| 5000 | Ormat Technologies, Inc. | &nbsp;&nbsp;&nbsp; 462750 |
|  |  | &nbsp;&nbsp; 1027043 |
|  | **UTILITY - 3.0%** |  |
| 37850 | NextEra Energy, Inc. | &nbsp;&nbsp;&nbsp; 2824746 |
|  | **TOTAL MLP & MLP RELATED SECURITIES (Cost $51,621,016)** | &nbsp;&nbsp; 92463895 |
|  | **TOTAL INVESTMENTS - 97.8% (Cost $51,621,016)** | &nbsp;&nbsp;&nbsp; $92463895 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES - 2.2%** | &nbsp;&nbsp; 2046998 |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $94510893 |

---

---

| | |
|:---|:---|
| LLC | - Limited Liability Company |
| LP | - Limited Partnership |

---

## 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:** Eagle MLP Strategy Fund

- **b. EDGAR series identifier (if any):** S000036854

- **c. LEI of Series:** 549300IG6DNDO0E61I47

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

- **a. Date of fiscal year-end:** 2023-04-30

- **b. Date as of which information is reported:** 2023-01-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $97666921.00

**Total Liabilities:** $3156027.66

**Net Assets:** $94510893.34

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000203318 | 4.72%                | -5.70%               | 3.70%                |
| Class ID C000112721 | 4.76%                | -5.87%               | 3.87%                |
| Class ID C000112720 | 4.62%                | -5.75%               | 3.66%                |
| Class ID C000124015 | 4.63%                | -5.90%               | 3.77%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $142967.63               | $3860283.44                                |
| Month 2  | $33919.20                | $-5705422.01                               |
| Month 3  | $459840.75               | $2481903.84                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Enbridge Energy Ma             | ENBRIDGE ENERGY MANAGEMEN | CUSIP: 29250X103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Keyera Corp.                   | KEYERA CORP               | CUSIP: 493271100<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    143500 | NS      | $3273423.88   | 3.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Midstream Partners LP  | WESTERN MIDSTREA          | CUSIP: 958669103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    267600 | NS      | $7230552.00   | 7.65%             |  |  |  | No            |                  1 | On Loan: No      |
| The Williams Companies, Inc.   | WILLIAMS COS INC          | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |    141500 | NS      | $4561960.00   | 4.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Sitio Royalties Corp           | SITIO ROYALTIE-A          | CUSIP: 82983N108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     63000 | NS      | $1673910.00   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearway Energy Inc            | CLEARWAY ENERG-C          | CUSIP: 18539C204<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               | CORP              | US        |     16700 | NS      | $564293.00    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Magellan Midstream Partners LP | MAGELLAN MIDSTRE          | CUSIP: 559080106<br>LEI: MZF5TI8NFVZZNUSKDL39 | Long             | EC               | CORP              | US        |      8700 | NS      | $464580.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Hess Midstream LP              | HESS MIDSTREAM-A          | CUSIP: 428103105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     36100 | NS      | $1114768.00   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Co             | TARGA RESOURCES           | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |    137800 | NS      | $10337756.00  | 10.94%            |  |  |  | No            |                  1 | On Loan: No      |
| Plains GP Holdings LP          | PLAINS GP HOLD-A          | CUSIP: 72651A207<br>LEI: 549300O56BSKRD8FAM12 | Long             | EC               | CORP              | US        |    755700 | NS      | $9892113.01   | 10.47%            |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Inc.                  | ENBRIDGE INC              | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |    108520 | NS      | $4446064.40   | 4.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc            | CHENIERE ENERGY           | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |     62550 | NS      | $9557014.50   | 10.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Viper Energy Partners LP       | VIPER ENERGY PAR          | CUSIP: 92763M105<br>LEI: 5299009LINL232255G03 | Long             | EC               | CORP              | US        |     50700 | NS      | $1609725.00   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Midstream Corporation   | ANTERO MIDSTREAM          | CUSIP: 03676B102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    200000 | NS      | $2180000.00   | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan, Inc.            | KINDER MORGAN IN          | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |    173500 | NS      | $3175050.00   | 3.36%             |  |  |  | No            |                  1 | On Loan: No      |
| MPLX LP                        | MPLX LP                   | CUSIP: 55336V100<br>LEI: 5493000CZJ19CK4P3G36 | Long             | EC               | CORP              | US        |    126900 | NS      | $4431348.00   | 4.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Pembina Pipeline Corporation   | PEMBINA PIPELINE          | CUSIP: 706327103<br>LEI: 5493002W3L9YICM6FU21 | Long             | EC               | CORP              | CA        |    125000 | NS      | $4437500.00   | 4.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Transfer LP             | ENERGY TRANSFER           | CUSIP: 29273V100<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EC               | CORP              | US        |    723000 | NS      | $9601440.00   | 10.16%            |  |  |  | No            |                  1 | On Loan: No      |
| Nextera Energy Inc             | NEXTERA ENERGY            | CUSIP: 65339F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37850 | NS      | $2824745.50   | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Oneok Inc.                     | ONEOK INC                 | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |     67000 | NS      | $4588160.00   | 4.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Crestwood Equity Partners LP   | CRESTWOOD EQUITY          | CUSIP: 226344208<br>LEI: 549300CUY0F1TYDLDL45 | Long             | EC               | CORP              | US        |     53900 | NS      | $1449910.00   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Ormat Technologies Inc.        | ORMAT TECHNOLOGI          | CUSIP: 686688102<br>LEI: 5493000TSHHWY24VHM09 | Long             | EC               | CORP              | US        |      5000 | NS      | $462750.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Enlink Midstream LLC           | ENLINK MIDSTREAM          | CUSIP: 29336T100<br>LEI: 54930000GY1H533OBE23 | Long             | EC               | CORP              | US        |    360600 | NS      | $4586832.00   | 4.85%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-28

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

**Signature:** James Colantino

**Name of Signer:** James Colantino

**Title:** Treasurer