# EDGAR Filing Document

**Accession Number:** 0001518042
**File Stem:** 0000910472-25-000474
**Filing Date:** 2025-8
**Character Count:** 23513
**Document Hash:** 65eb7b1fd343a718238a022b03ce9289
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-000474.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0000910472-25-000474

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250828

**PERIOD START**: 20260331

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22549
- **FILM NUMBER:** 251275027

**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

### Hodges Small Intrinsic Value Fund (Series ID: S000081360)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000244086 | Retail Class Shares        |  |
| C000252100 | Institutional Class Shares |  |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **HODGES SMALL INTRINSIC VALUE FUND** | **HODGES SMALL INTRINSIC VALUE FUND** | **HODGES SMALL INTRINSIC VALUE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.2%** |  |
|  | **APPAREL & TEXTILE PRODUCTS - 2.3%** |  |
| 17500 | Kontoor Brands, Inc. | &nbsp;&nbsp;&nbsp; $1154475 |
|  | **ASSET MANAGEMENT - 3.0%** |  |
| 147000 | P10, Inc. | &nbsp;&nbsp;&nbsp; 1502340 |
|  | **BANKING - 18.5%** |  |
| 87000 | Banc of California, Inc. | &nbsp;&nbsp;&nbsp; 1222350 |
| 13700 | BancFirst Corporation | &nbsp;&nbsp;&nbsp; 1693594 |
| 26500 | Hilltop Holdings, Inc. | &nbsp;&nbsp;&nbsp; 804275 |
| 70000 | Home BancShares, Inc. | &nbsp;&nbsp;&nbsp; 1992200 |
| 28300 | Texas Capital Bancshares, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2247019 |
| 26000 | Triumph Financial, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1432860 |
|  |  | &nbsp;&nbsp; 9392298 |
|  | **BEVERAGES - 0.5%** |  |
| 80000 | Zevia PBC<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 257600 |
|  | **BIOTECH & PHARMA - 1.7%** |  |
| 16500 | Halozyme Therapeutics, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 858330 |
|  | **COMMERCIAL SUPPORT SERVICES - 1.0%** |  |
| 22000 | GEO Group, Inc. (The)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 526900 |
|  | **CONSTRUCTION MATERIALS - 3.2%** |  |
| 8000 | Eagle Materials, Inc. | &nbsp;&nbsp;&nbsp; 1616880 |
|  | **ELECTRICAL EQUIPMENT - 1.5%** |  |
| 8000 | Bel Fuse, Inc., Class B | &nbsp;&nbsp;&nbsp; 781520 |
|  | **ENGINEERING & CONSTRUCTION - 2.3%** |  |
| 14900 | Primoris Services Corporation | &nbsp;&nbsp;&nbsp; 1161306 |
|  | **FOOD - 3.0%** |  |
| 261000 | SunOpta, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1513800 |

---

---

| | | |
|:---|:---|:---|
| **HODGES SMALL INTRINSIC VALUE FUND** | **HODGES SMALL INTRINSIC VALUE FUND** | **HODGES SMALL INTRINSIC VALUE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.2% (Continued)** |  |
|  | **HOME CONSTRUCTION - 2.2%** |  |
| 18100 | Taylor Morrison Home Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $1111702 |
|  | **INDUSTRIAL INTERMEDIATE PRODUCTS – 3.1%** |  |
| 8900 | AZZ, Inc. | &nbsp;&nbsp;&nbsp; 840872 |
| 105110 | Hillman Solutions Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 750485 |
|  |  | &nbsp;&nbsp; 1591357 |
|  | **INSURANCE - 5.2%** |  |
| 5825 | Hanover Insurance Group, Inc. (The) | &nbsp;&nbsp;&nbsp; 989493 |
| 24400 | Horace Mann Educators Corporation | &nbsp;&nbsp;&nbsp; 1048468 |
| 25000 | Tiptree, Inc. | &nbsp;&nbsp;&nbsp; 589500 |
|  |  | &nbsp;&nbsp; 2627461 |
|  | **LEISURE FACILITIES & SERVICES - 3.6%** |  |
| 27900 | Cinemark Holdings, Inc. | &nbsp;&nbsp;&nbsp; 842022 |
| 78835 | Potbelly Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 965729 |
|  |  | &nbsp;&nbsp; 1807751 |
|  | **METALS & MINING - 2.5%** |  |
| 168265 | Cleveland-Cliffs, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1278814 |
|  | **OIL & GAS PRODUCERS - 6.1%** |  |
| 11000 | Gulfport Energy Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2212870 |
| 18400 | Matador Resources Company | &nbsp;&nbsp;&nbsp; 878048 |
|  |  | &nbsp;&nbsp; 3090918 |
|  | **REAL ESTATE OWNERS & DEVELOPERS - 1.9%** |  |
| 51300 | Stratus Properties, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 968544 |
|  | **RETAIL - DISCRETIONARY – 15.0%** |  |
| 39600 | Academy Sports & Outdoors, Inc. | &nbsp;&nbsp;&nbsp; 1774475 |
| 6700 | Builders FirstSource, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 781823 |
| 59500 | Ethan Allen Interiors, Inc. | &nbsp;&nbsp;&nbsp; 1657075 |
| 2725 | Group 1 Automotive, Inc. | &nbsp;&nbsp;&nbsp; 1190035 |
| 29200 | Lovesac Company (The)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 531440 |

---

---

| | | |
|:---|:---|:---|
| **HODGES SMALL INTRINSIC VALUE FUND** | **HODGES SMALL INTRINSIC VALUE FUND** | **HODGES SMALL INTRINSIC VALUE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.2% (Continued)** |  |
|  | **RETAIL - DISCRETIONARY – 15.0% (Continued)** |  |
| 89418 | Shoe Carnival, Inc. | &nbsp;&nbsp;&nbsp; $1673011 |
|  |  | &nbsp;&nbsp; 7607859 |
|  | **SEMICONDUCTORS - 4.0%** |  |
| 71700 | MaxLinear, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1018857 |
| 23330 | Tower Semiconductor Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1011356 |
|  |  | &nbsp;&nbsp; 2030213 |
|  | **STEEL - 2.8%** |  |
| 29115 | Commercial Metals Company | &nbsp;&nbsp;&nbsp; 1424015 |
|  | **TECHNOLOGY HARDWARE - 3.9%** |  |
| 47800 | Aviat Networks, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1149590 |
| 28800 | NCR Atleos Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 821664 |
|  |  | &nbsp;&nbsp; 1971254 |
|  | **TECHNOLOGY SERVICES - 1.0%** |  |
| 178000 | Research Solutions, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 510860 |
|  | **TRANSPORTATION & LOGISTICS - 8.1%** |  |
| 11800 | Kirby Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1338238 |
| 60400 | Marten Transport Ltd. | &nbsp;&nbsp;&nbsp; 784596 |
| 79300 | Navigator Holdings Ltd. | &nbsp;&nbsp;&nbsp; 1122095 |
| 53500 | RXO, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 841020 |
|  |  | &nbsp;&nbsp; 4085949 |
|  | **TRANSPORTATION EQUIPMENT - 2.8%** |  |
| 20740 | Blue Bird Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 895138 |
| 11490 | Greenbrier Companies, Inc. (The) | &nbsp;&nbsp;&nbsp; 529115 |
|  |  | &nbsp;&nbsp; 1424253 |
|  | **TOTAL COMMON STOCKS (Cost $46,168,564)** | &nbsp;&nbsp; 50296399 |
|  | **TOTAL INVESTMENTS - 99.2% (Cost $46,168,564)** | &nbsp;&nbsp;&nbsp; $50296399 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES - 0.8%** | &nbsp;&nbsp; 409972 |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $50706371 |
| Ltd. | -Limited Company |  |
| <sup>(a)</sup> | Non-income producing security. |  |

---

## 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:** Hodges Small Intrinsic Value Fund

- **b. EDGAR series identifier (if any):** S000081360

- **c. LEI of Series:** 529900YR6QZCLM5S3I59

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-06-30

**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:** $50859161.63

**Total Liabilities:** $152790.41

**Net Assets:** $50706371.22

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000252100 | -5.63%               | 4.62%                | 3.68%                |
| Class ID C000244086 | -5.68%               | 4.62%                | 3.62%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-829621.91              | $-2177742.38                               |
| Month 2  | $-564618.65              | $2786033.66                                |
| Month 3  | $279132.45               | $1514045.10                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Home BancShares Inc.              | HOME BANCSHARES  | CUSIP: 436893200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     70000 | NS      | $1992200.00   | 3.93%             |  |  |  | No            |                  1 | On Loan: No      |
| RXO Inc.                          | RXO INC          | CUSIP: 74982T103<br>LEI: 549300KL8CA6GP8XPM30 | Long             | EC               | CORP              | US        |     53500 | NS      | $841020.00    | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Group 1 Automotive, Inc.          | GROUP 1 AUTOMOTI | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |      2725 | NS      | $1190034.75   | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| GEO Group Inc                     | GEO GROUP INC/TH | CUSIP: 36162J106<br>LEI: 54930024XOXET7NQVZ63 | Long             | EC               | CORP              | US        |     22000 | NS      | $526900.00    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Morrison Home Corp         | TAYLOR MORRISON  | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |     18100 | NS      | $1111702.00   | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleveland-Cliffs Inc              | CLEVELAND-CLIFFS | CUSIP: 185899101<br>LEI: 549300TM2WLI2BJMDD86 | Long             | EC               | CORP              | US        |    168265 | NS      | $1278814.00   | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Builders Firstsource, Inc.        | BUILDERS FIRSTSO | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |      6700 | NS      | $781823.00    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Tiptree Inc.                      | TIPTREE INC      | CUSIP: 88822Q103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25000 | NS      | $589500.00    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares, Inc.    | TEXAS CAPITAL BA | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |     28300 | NS      | $2247020.00   | 4.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Zevia PBC                         | ZEVIA PBC-A      | CUSIP: 98955K104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     80000 | NS      | $257600.00    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Tower Semiconductor Limited       | TOWER SEMICONDCT | CUSIP: M87915274<br>LEI: 54930086ZSNXZOUX0C54 | Long             | EC               | CORP              | IL        |     23330 | NS      | $1011355.50   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Cinemark Holdings Inc.            | CINEMARK HOLDING | CUSIP: 17243V102<br>LEI: 549300LL2QMPTYIE0K55 | Long             | EC               | CORP              | US        |     27900 | NS      | $842022.00    | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc         | HALOZYME THERAPE | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |     16500 | NS      | $858330.00    | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunopta Inc                       | SUNOPTA INC      | CUSIP: 8676EP108<br>LEI: 54930010CP0KEPPRPA40 | Long             | EC               | CORP              | CA        |    261000 | NS      | $1513800.00   | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirby Corp                        | KIRBY CORP       | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |     11800 | NS      | $1338238.00   | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| The Lovesac Company               | LOVESAC CO/THE   | CUSIP: 54738L109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29200 | NS      | $531440.00    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Navigator Holdings Ltd.           | NAVIGATOR HOLDIN | CUSIP: Y62132108<br>LEI: 213800H7RVOFYARK2W19 | Long             | EC               | CORP              | MH        |     79300 | NS      | $1122095.00   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Kontoor Brands Inc                | KONTOOR BRAND    | CUSIP: 50050N103<br>LEI: 549300M0CPXV65RFF271 | Long             | EC               | CORP              | US        |     17500 | NS      | $1154475.00   | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| BEL Fuse Inc                      | BEL FUSE INC-B   | CUSIP: 077347300<br>LEI: 2549009L4XYDBRRY6X39 | Long             | EC               | CORP              | US        |      8000 | NS      | $781520.00    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Company         | MATADOR RESOURCE | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |     18400 | NS      | $878048.00    | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc.              | EAGLE MATERIALS  | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |      8000 | NS      | $1616880.00   | 3.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Potbelly Corporation              | POTBELLY CORP    | CUSIP: 73754Y100<br>LEI: 54930027NUULUR2P5W11 | Long             | EC               | CORP              | US        |     78835 | NS      | $965728.75    | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Aviat Networks Inc.               | AVIAT NETWORKS I | CUSIP: 05366Y201<br>LEI: 549300Z3X8Z4MK52CI65 | Long             | EC               | CORP              | US        |     47800 | NS      | $1149590.00   | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Hillman Solutions Corp            | HILLMAN SOLUTION | CUSIP: 431636109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    105110 | NS      | $750485.40    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| P10 Inc                           | P10 INC-A        | CUSIP: 69376K106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    147000 | NS      | $1502340.00   | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoe Carnival Inc                 | SHOE CARNIVAL    | CUSIP: 824889109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     89418 | NS      | $1673010.78   | 3.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Stratus Properties Inc.           | STRATUS PROP     | CUSIP: 863167201<br>LEI: 5493008I6ZRDZWT8ZZ15 | Long             | EC               | CORP              | US        |     51300 | NS      | $968544.00    | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Marten Transport Ltd.             | MARTEN TRANSPORT | CUSIP: 573075108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     60400 | NS      | $784596.00    | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Academy Sports and Outdoors Inc   | ACADEMY SPORTS & | CUSIP: 00402L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39600 | NS      | $1774476.00   | 3.50%             |  |  |  | No            |                  1 | On Loan: No      |
| BancFirst Corp.                   | BANCFIRST CORP   | CUSIP: 05945F103<br>LEI: 549300EJEHGBP4IO2J30 | Long             | EC               | CORP              | US        |     13700 | NS      | $1693594.00   | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Bird Corp.                   | BLUE BIRD CORP   | CUSIP: 095306106<br>LEI: 5493004ZXJUUWQ65ER59 | Long             | EC               | CORP              | US        |     20740 | NS      | $895138.40    | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilltop Holdings Inc              | HILLTOP HOLDINGS | CUSIP: 432748101<br>LEI: 54930010TA543US0PM65 | Long             | EC               | CORP              | US        |     26500 | NS      | $804275.00    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| AZZ Inc                           | AZZ INC          | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |      8900 | NS      | $840872.00    | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Ethan Allen Interiors Inc.        | ETHAN ALLEN      | CUSIP: 297602104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     59500 | NS      | $1657075.00   | 3.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Maxlinear Inc                     | MAXLINEAR        | CUSIP: 57776J100<br>LEI: 549300EMOI0SM2IY4F64 | Long             | EC               | CORP              | US        |     71700 | NS      | $1018857.00   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| The Hanover Insurance Group, Inc. | HANOVER INSURANC | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |      5825 | NS      | $989492.75    | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Research Solutions Inc            | RESEARCH SOLUTIO | CUSIP: 761025105<br>LEI: 549300TYWPCKGK141Q94 | Long             | EC               | CORP              | US        |    178000 | NS      | $510860.00    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR Atleos Corp.                  | NCR ATLEOS CORP  | CUSIP: 63001N106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28800 | NS      | $821664.00    | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Company         | COMMERCIAL METAL | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |     29115 | NS      | $1424014.65   | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Gulfport Energy Operating Corp.   | GULFPORT ENERGY  | CUSIP: 402635502<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11000 | NS      | $2212870.00   | 4.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Triumph Financial Inc             | TRIUMPH FINANCIA | CUSIP: 89679E300<br>LEI: 5493003RNRMEVYDZ1Q52 | Long             | EC               | CORP              | US        |     26000 | NS      | $1432860.00   | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Horace Mann Educators Corporation | HORACE MANN EDUC | CUSIP: 440327104<br>LEI: 254900G5YAV3A2YK8T32 | Long             | EC               | CORP              | US        |     24400 | NS      | $1048468.00   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| The Greenbrier Companies, Inc.    | GREENBRIER COS   | CUSIP: 393657101<br>LEI: 5493001GAGGFR30BP390 | Long             | EC               | CORP              | US        |     11490 | NS      | $529114.50    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Banc Of California Inc.           | BANC OF CALIFORN | CUSIP: 05990K106<br>LEI: 549300ZKWUJDP6LJ1X87 | Long             | EC               | CORP              | US        |     87000 | NS      | $1222350.00   | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Primoris Services Corp.           | PRIMORIS SERVICE | CUSIP: 74164F103<br>LEI: 549300UF3OLBJ8D5K349 | Long             | EC               | CORP              | US        |     14900 | NS      | $1161306.00   | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-28

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

**Signature:** Erik Naviloff

**Name of Signer:** Erik Naviloff

**Title:** Treasurer