# EDGAR Filing Document

**Accession Number:** 0001518042
**File Stem:** 0001752724-23-043093
**Filing Date:** 2023-2
**Character Count:** 13969
**Document Hash:** cbf42b818a7dbe1991b082653339a923
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-043093.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-043093

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NORTHERN LIGHTS FUND TRUST II
- **CENTRAL INDEX KEY:** 0001518042
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22549
- **FILM NUMBER:** 23674028

**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 International Opportunity Fund (Series ID: S000035095)

| Class ID   | Class Name                                     | Ticker Symbol   |
|:---|:---|:---|
| C000107966 | Dynamic International Opportunity Fund Class I | ICCIX           |
| C000108013 | Dynamic International Opportunity Fund Class N | ICCNX           |

## 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 International Opportunity Fund

- **b. EDGAR series identifier (if any):** S000035095

- **c. LEI of Series:** 549300GE15WM2O2AEG76

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $98386235.14

**Total Liabilities:** $2399520.42

**Net Assets:** $95986714.72

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000108013 | 1.78%                | 6.72%                | -1.75%               |
| Class ID C000107966 | 1.78%                | 6.81%                | -1.77%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $88396.79                | $1503059.28                                |
| Month 2  | $113618.29               | $6100438.83                                |
| Month 3  | $-3756.86                | $-2546799.02                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| FRANKLIN TEMPLETON ETF TR | FRANKLIN TAIWAN                  | CUSIP: 35473P686<br>LEI: 549300UHXVPT5S43XV04 | Long             | EC               | RF                | US        |     68020 | NS      | $2224376.44   | 2.32%             |  |  |  | No            | 1                  | On Loan: No      |
| FRANKLIN TEMPLETON ETF TR | FNK FTSE GR ETF                  | CUSIP: 35473P785<br>LEI: 549300UHXVPT5S43XV04 | Long             | EC               | RF                | US        |    120789 | NS      | $2320163.43   | 2.42%             |  |  |  | No            | 1                  | On Loan: No      |
| FRANKLIN TEMPLETON ETF TR | FRANKLIN FTSE UNITED KING        | CUSIP: 35473P678<br>LEI: 549300UHXVPT5S43XV04 | Long             | EC               | RF                | US        |    132701 | NS      | $3036198.88   | 3.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Ishares Inc               | ISHARES MSCI THAILAND ETF        | CUSIP: 464286624<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |     20189 | NS      | $1518010.91   | 1.58%             |  |  |  | No            | 1                  | On Loan: No      |
| Ishares Trust             | ISHARES MSCI INDIA ETF           | CUSIP: 46429B598<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     81662 | NS      | $3408571.88   | 3.55%             |  |  |  | No            | 1                  | On Loan: No      |
| FRANKLIN TEMPLETON ETF TR | FRK FTSE SWISS                   | CUSIP: 35473P694<br>LEI: 549300UHXVPT5S43XV04 | Long             | EC               | RF                | US        |    160500 | NS      | $4667340.00   | 4.86%             |  |  |  | No            | 1                  | On Loan: No      |
| FRANKLIN TEMPLETON ETF TR | FNK FTSE CH ETF                  | CUSIP: 35473P819<br>LEI: 549300UHXVPT5S43XV04 | Long             | EC               | RF                | US        |    122989 | NS      | $2297717.39   | 2.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Ishares Trust             | ISHARES CHINA LARGE-CAP E        | CUSIP: 464287184<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |    136648 | NS      | $3867138.40   | 4.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Ishares Inc               | ISHARES MSCI FRANCE ETF          | CUSIP: 464286707<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |    164581 | NS      | $5450922.72   | 5.68%             |  |  |  | No            | 1                  | On Loan: No      |
| FRANKLIN TEMPLETON ETF TR | FNK FTSE INDIA                   | CUSIP: 35473P769<br>LEI: 549300UHXVPT5S43XV04 | Long             | EC               | RF                | US        |     60893 | NS      | $1774422.02   | 1.85%             |  |  |  | No            | 1                  | On Loan: No      |
| Ishares Inc               | ISHARES MSCI CANADA ETF          | CUSIP: 464286509<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |    112638 | NS      | $3686641.74   | 3.84%             |  |  |  | No            | 1                  | On Loan: No      |
| FRANKLIN TEMPLETON ETF TR | FRANKLIN JAPAN                   | CUSIP: 35473P744<br>LEI: 549300UHXVPT5S43XV04 | Long             | EC               | RF                | US        |    195978 | NS      | $4711311.12   | 4.91%             |  |  |  | No            | 1                  | On Loan: No      |
| FRANKLIN TEMPLETON ETF TR | FNK FTSE BR ETF                  | CUSIP: 35473P835<br>LEI: 549300UHXVPT5S43XV04 | Long             | EC               | RF                | US        |    100730 | NS      | $1735577.90   | 1.81%             |  |  |  | No            | 1                  | On Loan: No      |
| Ishares Inc               | ISHARES MSCI GERMANY ETF         | CUSIP: 464286806<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |     58199 | NS      | $1439261.27   | 1.50%             |  |  |  | No            | 1                  | On Loan: No      |
| FRANKLIN TEMPLETON ETF TR | FRK FTSE AUS ETF                 | CUSIP: 35473P843<br>LEI: 549300UHXVPT5S43XV04 | Long             | EC               | RF                | US        |     55200 | NS      | $1447669.68   | 1.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Ishares Inc               | ISHARES MSCI SOUTH AFRICA        | CUSIP: 464286780<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |     22707 | NS      | $963003.87    | 1.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Ishares Inc               | ISHARES MSCI SWITZERLAND         | CUSIP: 464286749<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |     60880 | NS      | $2552698.40   | 2.66%             |  |  |  | No            | 1                  | On Loan: No      |
| Ishares Trust             | ISHARES MSCI INDONESIA ET        | CUSIP: 46429B309<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |     41794 | NS      | $935767.66    | 0.97%             |  |  |  | No            | 1                  | On Loan: No      |
| Ishares Trust             | ISHARES MSCI UNITED KINGD        | CUSIP: 46435G334<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |    119444 | NS      | $3662153.04   | 3.82%             |  |  |  | No            | 1                  | On Loan: No      |
| Ishares Inc               | ISHARES MSCI SOUTH KOREA         | CUSIP: 464286772<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |     16713 | NS      | $943950.24    | 0.98%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                       | Morgan S. INST. LQDTY Treasury P | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| Ishares Trust             | ISHARES MSCI NEW ZEALAND         | CUSIP: 464289123<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     41878 | NS      | $2033176.90   | 2.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Ishares Inc               | ISHARES MSCI MEXICO ETF          | CUSIP: 464286822<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |     26613 | NS      | $1316012.85   | 1.37%             |  |  |  | No            | 1                  | On Loan: No      |
| Ishares Inc               | ISHARES MSCI JAPAN ETF           | CUSIP: 46434G822<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |     80898 | NS      | $4404087.12   | 4.59%             |  |  |  | No            | 1                  | On Loan: No      |
| FRANKLIN TEMPLETON ETF TR | FRANKLIN FTSE CANADA ETF         | CUSIP: 35473P827<br>LEI: 549300UHXVPT5S43XV04 | Long             | EC               | RF                | US        |    109899 | NS      | $3267297.27   | 3.40%             |  |  |  | No            | 1                  | On Loan: No      |
| FIRST AMERN FDS INC       | FIRST AM-TR OB-X                 | CUSIP: 31846V328<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |  29190595 | PA      | $29190595.27  | 30.41%            |  |  |  | No            | 1                  | On Loan: No      |
| Ishares Inc               | ISHARES MSCI AUSTRALIA ET        | CUSIP: 464286103<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |     45164 | NS      | $1003995.72   | 1.05%             |  |  |  | No            | 1                  | On Loan: No      |
| FRANKLIN TEMPLETON ETF TR | FNK FTSE HK ETF                  | CUSIP: 35473P777<br>LEI: 549300UHXVPT5S43XV04 | Long             | EC               | RF                | US        |     64394 | NS      | $1379783.12   | 1.44%             |  |  |  | No            | 1                  | On Loan: No      |
| FRANKLIN TEMPLETON ETF TR | FRANKLIN S KOREA                 | CUSIP: 35473P710<br>LEI: 549300UHXVPT5S43XV04 | Long             | EC               | RF                | US        |     64970 | NS      | $1266265.30   | 1.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Ishares Inc               | ISHARES MSCI CHILE ETF           | CUSIP: 464286640<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |     18197 | NS      | $492956.73    | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Ishares Inc               | ISHARES MSCI MALAYSIA ETF        | CUSIP: 46434G814<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |     22695 | NS      | $518353.80    | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| FRANKLIN TEMPLETON ETF TR | FRK FTSE RUSSIA                  | CUSIP: 35473P728<br>LEI: 549300UHXVPT5S43XV04 | Long             | EC               | RF                | US        |     69765 | NS      | $697.65       | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Ishares Trust             | ISHARES MSCI SAUDI ARABIA        | CUSIP: 46434V423<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      7228 | NS      | $272640.16    | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2023-01-27

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

**Signature:** Erik Naviloff

**Name of Signer:** Erik Naviloff

**Title:** Treasurer