# EDGAR Filing Document

**Accession Number:** 0001518042
**File Stem:** 0000910472-26-005568
**Filing Date:** 2026-4
**Character Count:** 39332
**Document Hash:** a208e0c8f6b7ef138f5731355ede0e6d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-005568.hdr.sgml**: 20260423

**ACCESSION NUMBER**: 0000910472-26-005568

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260423

**DATE AS OF CHANGE**: 20260423

**PERIOD START**: 20260531

**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:** 26886938

**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

### Weitz Multisector Bond ETF (Series ID: S000094335)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000262837 | Weitz Multisector Bond ETF |  |

## Nport-Ex

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **WEITZ MULTISECTOR BOND ETF** | **WEITZ MULTISECTOR BOND ETF** | **WEITZ MULTISECTOR BOND ETF** | **WEITZ MULTISECTOR BOND ETF** | **WEITZ MULTISECTOR BOND ETF** | **WEITZ MULTISECTOR BOND ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** | **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Principal Amount ($)** |  | **Spread** | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **ASSET BACKED SECURITIES — 37.0%** | **ASSET BACKED SECURITIES — 37.0%** |  |  |  |
|  | **AUTO LOAN** — **6.3%** | **AUTO LOAN** — **6.3%** |  |  |  |
| 86797 | ACM Auto Trust 2025-4 Series 4A A<sup>(a)</sup> |  | 5.8700 | &nbsp;&nbsp;&nbsp;05/20/30 | $87203 |
| 250000 | Lendbuzz Securitization Trust 2026-1 Series 1A D<sup>(a)</sup> |  | 6.8600 | &nbsp;&nbsp;&nbsp;02/15/33 | 256217 |
| 170000 | United Auto Credit Securitization Trust 2025-1 Series 1 E<sup>(a)</sup> |  | 7.7100 | &nbsp;&nbsp;&nbsp;10/10/31 | 172023 |
|  |  |  |  |  | 515443 |
|  | **CF-CLO-CRE** — **18.1%** | **CF-CLO-CRE** — **18.1%** |  |  |  |
| 100000 | A10 2025-FL6 Issuer, LLC Series FL6 B<sup>(a),(b)</sup> | TSFR1M + 2.392% | 6.0520 | &nbsp;&nbsp;&nbsp;05/15/42 | 100480 |
| 100000 | A10 2025-FL6 Issuer, LLC Series FL6 C<sup>(a),(b)</sup> | TSFR1M + 2.791% | 6.4510 | &nbsp;&nbsp;&nbsp;05/15/42 | 100715 |
| 100000 | A10 2025-FL6 Issuer, LLC Series FL6 D<sup>(a),(b)</sup> | TSFR1M + 3.390% | 7.0500 | &nbsp;&nbsp;&nbsp;05/15/42 | 100592 |
| 300000 | ACREC 2021-FL1 Ltd. Series FL1 D<sup>(a),(b)</sup> | TSFR1M + 2.764% | 6.4310 | &nbsp;&nbsp;&nbsp;10/16/36 | 299836 |
| 132000 | BRSP 2024-FL2 Ltd. Series FL2 E<sup>(a),(b)</sup> | TSFR1M + 6.539% | 10.2050 | &nbsp;&nbsp;&nbsp;08/19/37 | 134762 |
| 200000 | FS RIALTO Series FL2 D<sup>(a),(b)</sup> | TSFR1M + 2.914% | 6.5740 | &nbsp;&nbsp;&nbsp;05/16/38 | 201589 |
| 200000 | LMNT CRE 2025-FL3, LLC Series FL3 C<sup>(a),(b)</sup> | TSFR1M + 2.750% | 6.4270 | &nbsp;&nbsp;&nbsp;07/21/43 | 202606 |
| 100000 | LoanCore 2021-CRE5 Issuer Ltd. Series CRE5 C<sup>(a),(b)</sup> | TSFR1M + 2.464% | 6.1240 | &nbsp;&nbsp;&nbsp;07/15/36 | 100057 |
| 200000 | LoanCore 2021-CRE5 Issuer Ltd. Series CRE5 D<sup>(a),(b)</sup> | TSFR1M + 3.114% | 6.7740 | &nbsp;&nbsp;&nbsp;07/15/36 | 200717 |
| 43625 | PFP 2024-11 Ltd. Series 11 A<sup>(a),(b)</sup> | TSFR1M + 1.832% | 5.5010 | &nbsp;&nbsp;&nbsp;09/17/39 | 43817 |
|  |  |  |  |  | 1485171 |
|  | **NON AGENCY CMBS** — **1.0%** | **NON AGENCY CMBS** — **1.0%** |  |  |  |
| 82398 | SKY Trust 2025-LINE Series A<sup>(a),(b)</sup> | TSFR1M + 2.589% | 6.2480 | &nbsp;&nbsp;&nbsp;04/15/42 | 82947 |
|  | **OTHER ABS** — **11.6%** | **OTHER ABS** — **11.6%** |  |  |  |
| 100000 | Lmdv Issuer Company, LLC Series 1A A2<sup>(a)</sup> |  | 5.3100 | &nbsp;&nbsp;&nbsp;12/15/55 | 101722 |
| 100000 | MetroNet Infrastructure Issuer, LLC Series 4A A2<sup>(a)</sup> |  | 5.1630 | &nbsp;&nbsp;&nbsp;12/20/55 | 101855 |
| 500000 | NMABS Issuer I, LLC Series 1A C<sup>(a)</sup> |  | 6.0700 | &nbsp;&nbsp;&nbsp;11/22/55 | 502239 |
| 97647 | OWN Equipment Fund III, LLC Series 2M A<sup>(a)</sup> |  | 5.4200 | &nbsp;&nbsp;&nbsp;03/27/34 | 99147 |
| 150000 | PAWS 2025-1A A2<sup>(a)</sup> |  | 6.8240 | &nbsp;&nbsp;&nbsp;01/30/56 | 151141 |
|  |  |  |  |  | 956104 |
|  | **TOTAL ASSET BACKED SECURITIES (Cost $3,013,916)** | **TOTAL ASSET BACKED SECURITIES (Cost $3,013,916)** |  |  | 3039665 |
|  | **CORPORATE BONDS — 41.1%** | **CORPORATE BONDS — 41.1%** |  |  |  |
|  | **ADVERTISING & MARKETING** — **1.1%** | **ADVERTISING & MARKETING** — **1.1%** |  |  |  |
| 100000 | Stagwell Global, LLC<sup>(a)</sup> |  | 5.6250 | &nbsp;&nbsp;&nbsp;08/15/29 | 92271 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **WEITZ MULTISECTOR BOND ETF** | **WEITZ MULTISECTOR BOND ETF** | **WEITZ MULTISECTOR BOND ETF** | **WEITZ MULTISECTOR BOND ETF** | **WEITZ MULTISECTOR BOND ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Principal Amount ($)** |  | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 41.1% (Continued)** |  |  |  |
|  | **CABLE & SATELLITE** — **2.5%** |  |  |  |
| 200000 | CCO Holdings, LLC / CCO Holdings Capital<sup>(a)</sup> | 7.0000 | &nbsp;&nbsp;&nbsp;02/01/33 | $204639 |
|  | **E-COMMERCE DISCRETIONARY** — **0.6%** |  |  |  |
| 50000 | Wayfair, Inc.<sup>(a)</sup> | 6.7500 | &nbsp;&nbsp;&nbsp;11/15/32 | 50998 |
|  | **ENGINEERING & CONSTRUCTION** — **1.2%** |  |  |  |
| 100000 | Installed Building Products, Inc.<sup>(a)</sup> | 5.6250 | &nbsp;&nbsp;&nbsp;02/01/34 | 101577 |
|  | **HOME & OFFICE PRODUCTS** — **4.6%** |  |  |  |
| 200000 | HNI Corporation<sup>(a)</sup> | 5.1250 | &nbsp;&nbsp;&nbsp;01/18/29 | 197187 |
| 125000 | Newell Brands, Inc. | 6.6250 | &nbsp;&nbsp;&nbsp;09/15/29 | 127052 |
| 50000 | Whirlpool Corporation | 6.5000 | &nbsp;&nbsp;&nbsp;06/15/33 | 49934 |
|  |  |  |  | 374173 |
|  | **INDUSTRIAL SUPPORT SERVICES** — **0.5%** |  |  |  |
| 40000 | EquipmentShare.com, Inc.<sup>(a)</sup> | 9.0000 | &nbsp;&nbsp;&nbsp;05/15/28 | 41947 |
|  | **INSURANCE** — **1.3%** |  |  |  |
| 100000 | Asurion, LLC and Asurion Co-Issuer, Inc.<sup>(a)</sup> | 8.0000 | &nbsp;&nbsp;&nbsp;12/31/32 | 105117 |
|  | **LEISURE FACILITIES & SERVICES** — **2.4%** |  |  |  |
| 50000 | Six Flags Entertainment Corporation<sup>(a)</sup> | 7.2500 | &nbsp;&nbsp;&nbsp;05/15/31 | 49122 |
| 150000 | Six Flags Entertainment Corporation's Wonderland<sup>(a)</sup> | 8.6250 | &nbsp;&nbsp;&nbsp;01/15/32 | 151983 |
|  |  |  |  | 201105 |
|  | **LEISURE PRODUCTS** — **0.6%** |  |  |  |
| 50000 | Polaris, Inc. | 5.6000 | &nbsp;&nbsp;&nbsp;03/01/31 | 50931 |
|  | **METALS & MINING** — **0.6%** |  |  |  |
| 50000 | SunCoke Energy, Inc.<sup>(a)</sup> | 4.8750 | &nbsp;&nbsp;&nbsp;06/30/29 | 45711 |
|  | **OIL & GAS PRODUCERS** — **3.2%** |  |  |  |
| 200000 | Calumet Specialty Products Partners, L.P.<sup>(a)</sup> | 9.7500 | &nbsp;&nbsp;&nbsp;02/15/31 | 213208 |
| 50000 | Golar LNG Ltd.<sup>(a)</sup> | 7.5000 | &nbsp;&nbsp;&nbsp;10/02/30 | 50341 |
|  |  |  |  | 263549 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **WEITZ MULTISECTOR BOND ETF** | **WEITZ MULTISECTOR BOND ETF** | **WEITZ MULTISECTOR BOND ETF** | **WEITZ MULTISECTOR BOND ETF** | **WEITZ MULTISECTOR BOND ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Principal Amount ($)** |  | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **CORPORATE BONDS — 41.1% (Continued)** |  |  |  |
|  | **OIL & GAS SERVICES & EQUIPMENT** — **0.6%** |  |  |  |
| 50000 | WBI Operating, LLC<sup>(a)</sup> | 6.2500 | &nbsp;&nbsp;&nbsp;10/15/30 | $50987 |
|  | **REAL ESTATE INVESTMENT TRUSTS** — **0.6%** |  |  |  |
| 50000 | Highwoods Realty, L.P. | 5.3500 | &nbsp;&nbsp;&nbsp;01/15/33 | 50320 |
|  | **RETAIL - DISCRETIONARY** — **5.1%** |  |  |  |
| 150000 | Bath & Body Works, Inc. | 6.7500 | &nbsp;&nbsp;&nbsp;07/01/36 | 150665 |
| 250000 | Men's Wearhouse, LLC (The)<sup>(a)</sup> | 9.0000 | &nbsp;&nbsp;&nbsp;02/01/31 | 257558 |
|  |  |  |  | 408223 |
|  | **SOFTWARE** — **3.4%** |  |  |  |
| 100000 | Concentrix Corporation | 6.5000 | &nbsp;&nbsp;&nbsp;03/01/29 | 98866 |
| 163000 | Pagaya US Holdings Company, LLC<sup>(a)</sup> | 8.8750 | &nbsp;&nbsp;&nbsp;08/01/30 | 118253 |
| 75000 | Rocket Software, Inc.<sup>(a)</sup> | 6.5000 | &nbsp;&nbsp;&nbsp;02/15/29 | 62867 |
|  |  |  |  | 279986 |
|  | **SPECIALTY FINANCE** — **9.9%** |  |  |  |
| 180000 | Arbor Realty SR, Inc.<sup>(a)</sup> | 7.8750 | &nbsp;&nbsp;&nbsp;07/15/30 | 166030 |
| 150000 | Burford Capital Global Finance, LLC<sup>(a)</sup> | 8.5000 | &nbsp;&nbsp;&nbsp;01/15/34 | 147174 |
| 225000 | LFS Topco, LLC<sup>(a)</sup> | 8.7500 | &nbsp;&nbsp;&nbsp;07/15/30 | 217874 |
| 200000 | Rithm Capital Corp<sup>(a)</sup> | 8.0000 | &nbsp;&nbsp;&nbsp;07/15/30 | 201085 |
| 75000 | Stonebriar A.B.F Issuer, LLC<sup>(a)</sup> | 8.1250 | &nbsp;&nbsp;&nbsp;12/15/30 | 78907 |
|  |  |  |  | 811070 |
|  | **STEEL** — **0.6%** |  |  |  |
| 50000 | Cleveland-Cliffs, Inc.<sup>(a)</sup> | 7.6250 | &nbsp;&nbsp;&nbsp;01/15/34 | 51347 |
|  | **TECHNOLOGY SERVICES** — **1.7%** |  |  |  |
| 150000 | ION Platform Finance US, Inc. / ION Platform<sup>(a)</sup> | 9.5000 | &nbsp;&nbsp;&nbsp;05/30/29 | 141056 |
|  | **TELECOMMUNICATIONS** — **0.6%** |  |  |  |
| 50000 | Cogent Communications Group, Inc.<sup>(a)</sup> | 7.0000 | &nbsp;&nbsp;&nbsp;06/15/27 | 49123 |
|  | **TOTAL CORPORATE BONDS (Cost $3,353,257)** |  |  | 3374130 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **WEITZ MULTISECTOR BOND ETF** | **WEITZ MULTISECTOR BOND ETF** | **WEITZ MULTISECTOR BOND ETF** | **WEITZ MULTISECTOR BOND ETF** | **WEITZ MULTISECTOR BOND ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Principal Amount ($)** |  | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **U.S. GOVERNMENT & AGENCIES — 18.5%** |  |  |  |
|  | **AGENCY FIXED RATE** — **18.5%** |  |  |  |
| 117535 | Fannie Mae Pool CB5580 | 4.5000 | &nbsp;&nbsp;&nbsp;10/01/52 | $116788 |
| 105850 | Fannie Mae Pool FS8486 | 4.5000 | &nbsp;&nbsp;&nbsp;12/01/52 | 105187 |
| 668719 | Fannie Mae Pool MA5072 | 5.5000 | &nbsp;&nbsp;&nbsp;06/01/53 | 682107 |
| 122513 | Fannie Mae Pool MA5353 | 5.5000 | &nbsp;&nbsp;&nbsp;05/01/54 | 124685 |
| 101210 | Fannie Mae Pool MA5585 | 5.0000 | &nbsp;&nbsp;&nbsp;01/01/55 | 101787 |
| 114870 | Fannie Mae Pool MA5613 | 5.0000 | &nbsp;&nbsp;&nbsp;02/01/55 | 115524 |
| 157593 | Freddie Mac Pool SD6706 | 4.5000 | &nbsp;&nbsp;&nbsp;01/01/54 | 156388 |
| 124539 | Freddie Mac Pool SD8521 | 4.0000 | &nbsp;&nbsp;&nbsp;04/01/55 | 121167 |
|  | **TOTAL U.S. GOVERNMENT & AGENCIES (Cost $1,507,035)** |  |  | 1523633 |
|  | **TOTAL INVESTMENTS - 96.6% (Cost $7,874,208)** |  |  | &nbsp;&nbsp;&nbsp; $7937428 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES- 3.4%** |  |  | &nbsp;&nbsp; 277683 |
|  | **NET ASSETS - 100.0%** |  |  | &nbsp;&nbsp; $8215111 |

---

<sup>(a)</sup> Security exempt from registration under Rule 144A or Section 4(2) of the Securities Act of 1933. The security may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of February 28, 2026, the total market value of 144A securities is 5,886,027 or 71.6% of net assets.

<sup>(b)</sup> Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets.

---

| | |
|:---|:---|
| LLC | - Limited Liability Company |
| LP | - Limited Partnership |
| Ltd. | - Limited Company |
| TSFR1M | Term SOFR Secured Overnight Financing Rate 1 month |

---

## 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:** Weitz MultiSector Bond ETF

- **b. EDGAR series identifier (if any):** S000094335

- **c. LEI of Series:** 529900VJWJ730ADVUH24

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

- **a. Date of fiscal year-end:** 2026-05-31

- **b. Date as of which information is reported:** 2026-02-28

**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:** $8359931.14

**Total Liabilities:** $144820.36

**Net Assets:** $8215110.78

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 76.35698700 | **5-Year:** 777.67994000 | **10-Year:** 308.07854800 | **30-Year:** 52.02426200

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 219.96868600 | **5-Year:** 771.42918900 | **10-Year:** 165.89119400 | **30-Year:** 1.86016000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000262837 | 0.83%                | 1.13%                | -0.08%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $454.81                  | $20482.59                                  |
| Month 2  | $8014.71                 | $46189.83                                  |
| Month 3  | $-9685.12                | $-35140.29                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BRSP 2024-FL2 LTD                                                                   | BRSP 2024-FL2 E       | CUSIP: 05613BAL7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    132000 | PA      | $134762.32    | 1.64%             | 2037-08-19      | Floating      | 10.20%                | Yes           |                  2 | On Loan: No      |
| Wayfair LLC                                                                         | W 6 3/4 11/15/32      | CUSIP: 94419NAC1<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50998.25     | 0.62%             | 2032-11-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | FN MA5072             | CUSIP: 31418ET67<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    668719 | PA      | $682107.78    | 8.30%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | FR SD8521             | CUSIP: 3132DWPE7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    124539 | PA      | $121166.98    | 1.47%             | 2055-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PSP MASTER ISSUER LLC                                                               | PAWS 2025-1A A2       | CUSIP: 69433FAA6<br>LEI: 635400KWMLZRXQLEWW81 | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $151141.10    | 1.84%             | 2056-01-30      | Fixed         | 6.82%                 | No            |                  2 | On Loan: No      |
| Metronet Infrastructure Issuer LLC.                                                 | MNET 2025-4A A2       | CUSIP: 59170JBD9<br>LEI: 5493000BIROCAEATAQ61 | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $101854.90    | 1.24%             | 2055-12-20      | Fixed         | 5.16%                 | Yes           |                  2 | On Loan: No      |
| Highwoods Realty Limited Partnership                                                | HIW 5.35 01/15/33     | CUSIP: 431282AV4<br>LEI: JUJNVZX73BIYHLR58F51 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50319.68     | 0.61%             | 2033-01-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | FN FS8486             | CUSIP: 3140XQNC7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    105850 | PA      | $105187.28    | 1.28%             | 2052-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ION Platform Finance S.a r.l. / ION Platform Finance US Inc.                        | IONPLA 9 1/2 05/30/29 | CUSIP: 46206AAB8<br>LEI: 213800FKHT3BRRKMCC89 | Long             | DBT              | CORP              | LU        |    150000 | PA      | $141055.63    | 1.72%             | 2029-05-30      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| LFS TopCo LLC                                                                       | LENDMK 8 3/4 07/15/30 | CUSIP: 50203TAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $217874.03    | 2.65%             | 2030-07-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Six Flags Entertainment Corp/ Canadas Wonderland Company/ Millennium Operations LLC | FUN 8 5/8 01/15/32    | CUSIP: 83003AAA8<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151982.81    | 1.85%             | 2032-01-15      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | FN MA5353             | CUSIP: 31418E5P1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    122513 | PA      | $124684.67    | 1.52%             | 2054-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LOANCORE 2021-CRE5 ISSUER LTD                                                       | LNCR 2021-CRE5 D      | CUSIP: 53947XAL6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    200000 | PA      | $200716.80    | 2.44%             | 2036-07-15      | Floating      | 6.77%                 | Yes           |                  2 | On Loan: No      |
| Whirlpool Corp.                                                                     | WHR 6 1/2 06/15/33    | CUSIP: 963320BE5<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49934.03     | 0.61%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Six Flags Entertainment Corp.                                                       | SIX 7 1/4 05/15/31    | CUSIP: 83001AAD4<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49121.77     | 0.60%             | 2031-05-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| A10 2025-FL6 Issuer LLC                                                             | A10 2025-FL6 C        | CUSIP: 00028AAG0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $100715.00    | 1.23%             | 2042-05-15      | Floating      | 6.47%                 | Yes           |                  2 | On Loan: No      |
| Rocket Software Inc                                                                 | ROCSOF 6 1/2 02/15/29 | CUSIP: 77314EAA6<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |     75000 | PA      | $62866.79     | 0.77%             | 2029-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| SKY1 TR 2025-LINE                                                                   | SKY1 2025-LINE A      | CUSIP: 830941AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     82398 | PA      | $82947.42     | 1.01%             | 2042-04-15      | Floating      | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Golar LNG Limited                                                                   | GLNG 7 1/2 10/02/30   | CUSIP: 38046YAE1<br>LEI: 213800C2VSFZG3EZLO34 | Long             | DBT              | CORP              | BM        |     50000 | PA      | $50341.45     | 0.61%             | 2030-10-02      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Polaris Inc.                                                                        | PII 5.6 03/01/31      | CUSIP: 731068AB8<br>LEI: 549300QJSN8UVWN1EI78 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50930.94     | 0.62%             | 2031-03-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Tailored Brands Inc                                                                 | TLRD 9 02/01/31       | CUSIP: 587118AF7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $257557.49    | 3.14%             | 2031-02-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Arbor Realty Senior Incorporated                                                    | ABR 7 7/8 07/15/30    | CUSIP: 03881NAJ6<br>LEI: 549300TW7RTL2CI3CN08 | Long             | DBT              | CORP              | US        |    180000 | PA      | $166029.68    | 2.02%             | 2030-07-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Concentrix Corp.                                                                    | CNXC 6 1/2 03/01/29   | CUSIP: 20602DAD3<br>LEI: 5493000EAJN1KMPVA737 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98866.05     | 1.20%             | 2029-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SunCoke Energy, Inc.                                                                | SXC 4 7/8 06/30/29    | CUSIP: 86722AAD5<br>LEI: 1KF1J2NXQE2PI0QOB943 | Long             | DBT              | CORP              | US        |     50000 | PA      | $45710.79     | 0.56%             | 2029-06-30      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| FS Rialto 2021-Fl2 Issuer Ltd.                                                      | FSRIA 2021-FL2 D      | CUSIP: 30319YAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    200000 | PA      | $201589.40    | 2.45%             | 2038-05-16      | Floating      | 6.57%                 | Yes           |                  2 | On Loan: No      |
| Equipmentshare Com Inc.                                                             | EQMSRM 9 05/15/28     | CUSIP: 29450YAA7<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41946.92     | 0.51%             | 2028-05-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| A10 2025-FL6 Issuer LLC                                                             | A10 2025-FL6 B        | CUSIP: 00028AAE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $100480.20    | 1.22%             | 2042-05-15      | Floating      | 6.07%                 | Yes           |                  2 | On Loan: No      |
| LMNT CRE 2025-FL3                                                                   | LMNT 2025-FL3 C       | CUSIP: 50208TAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    200000 | PA      | $202605.40    | 2.47%             | 2043-07-21      | Floating      | 6.43%                 | Yes           |                  2 | On Loan: No      |
| BBH SWEEP VEHICLE                                                                   | BBH SWEEP VEHICLE     | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |    302927 | PA      | $302927.41    | 3.69%             |  |  |  | No            |                  1 | On Loan: No      |
| LMDV Issuer Co LLC                                                                  | LMDV 2025-1A A2       | CUSIP: 538908AA2<br>LEI: 254900A6HRP8XHJJGM20 | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $101722.32    | 1.24%             | 2055-12-15      | Fixed         | 5.31%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | FR SD6706             | CUSIP: 3132DUNX1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    157593 | PA      | $156387.60    | 1.90%             | 2054-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| A10 2025-FL6 Issuer LLC                                                             | A10 2025-FL6 D        | CUSIP: 00028AAJ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $100592.20    | 1.22%             | 2042-05-15      | Floating      | 7.07%                 | Yes           |                  2 | On Loan: No      |
| Midas Opco Holdings LLC                                                             | STGW 5 5/8 08/15/29   | CUSIP: 59565JAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $92270.57     | 1.12%             | 2029-08-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| ACREC 2021-FL1                                                                      | ACREC 2021-FL1 D      | CUSIP: 00500RAJ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    300000 | PA      | $299835.30    | 3.65%             | 2036-10-16      | Floating      | 6.43%                 | Yes           |                  2 | On Loan: No      |
| LOANCORE 2021-CRE5 ISSUER LTD                                                       | LNCR 2021-CRE5 C      | CUSIP: 53947XAJ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    100000 | PA      | $100056.80    | 1.22%             | 2036-07-15      | Floating      | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Newell Brands Inc.                                                                  | NWL 6 5/8 09/15/29    | CUSIP: 651229BD7<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    125000 | PA      | $127052.25    | 1.55%             | 2029-09-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Cogent Communications Group LLC                                                     | CCOI 7 06/15/27       | CUSIP: 19240CAE3<br>LEI: 549300KFWFYF8Q1U0Y26 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49122.59     | 0.60%             | 2027-06-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Bath & Body Works Inc                                                               | BBWI 6 3/4 07/01/36   | CUSIP: 501797AM6<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150664.80    | 1.83%             | 2036-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| OWN EQUIPMENT FUND III LLC                                                          | EQS 2025-2M A         | CUSIP: 69122AAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     97647 | PA      | $99146.84     | 1.21%             | 2034-03-27      | Fixed         | 5.42%                 | Yes           |                  2 | On Loan: No      |
| LENDBUZZ SECURITIZATION TRUST 2026-1                                                | LBZZ 2026-1A D        | CUSIP: 525952AE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $256217.10    | 3.12%             | 2033-02-15      | Fixed         | 6.86%                 | Yes           |                  2 | On Loan: No      |
| Rithm Capital Corp.                                                                 | RITM 8 07/15/30       | CUSIP: 64828TAC6<br>LEI: 549300WNTHGEO5LP2G31 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201085.00    | 2.45%             | 2030-07-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| PFP 2024-11 LTD /LLC                                                                | PFP 2024-11 A         | CUSIP: 69291WAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     43625 | PA      | $43816.72     | 0.53%             | 2039-09-17      | Floating      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| NMABS ISSUER I LLC/NMABS ISSUER II LLC/NMABS CANADIAN ISSUER I L.P                  | NMNL 2025-1A C        | CUSIP: 629174AC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $502238.80    | 6.11%             | 2055-11-22      | Fixed         | 6.07%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | FN CB5580             | CUSIP: 3140QRFW8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    117535 | PA      | $116787.52    | 1.42%             | 2052-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Stonebriar ABF Issuer LLC                                                           | STONEB 8 1/8 12/15/30 | CUSIP: 86177CAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $78907.43     | 0.96%             | 2030-12-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| CCO Holdings, LLC/ CCO Holdings Capital Corp.                                       | CHTR 7 02/01/33       | CUSIP: 1248EPCU5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $204640.20    | 2.49%             | 2033-02-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Installed Building Products Inc                                                     | IBP 5 5/8 02/01/34    | CUSIP: 45780RAB7<br>LEI: 549300I95Y9P9YM5FI86 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101577.10    | 1.24%             | 2034-02-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Pagaya US Holding Co. LLC                                                           | PGY 8 7/8 08/01/30    | CUSIP: 69549FAC3<br>LEI: 254900M9VGE3HM0OYH17 | Long             | DBT              | CORP              | US        |    163000 | PA      | $118253.86    | 1.44%             | 2030-08-01      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| Cleveland-Cliffs Inc                                                                | CLF 7 5/8 01/15/34    | CUSIP: 18589GAA3<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51347.06     | 0.63%             | 2034-01-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| WBI Operations LLC                                                                  | WBI 6 1/4 10/15/30    | CUSIP: 92944BAA9<br>LEI: 254900A83461EGRMOV11 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50986.75     | 0.62%             | 2030-10-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| ACM AUTO TRUST 2025-4                                                               | ACMAT 2025-4A A       | CUSIP: 00161LAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     86797 | PA      | $87203.07     | 1.06%             | 2030-05-20      | Fixed         | 5.87%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | FN MA5613             | CUSIP: 31418FGX9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    114870 | PA      | $115524.43    | 1.41%             | 2055-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HNI Corp                                                                            | HNI 5 1/8 01/18/29    | CUSIP: 404251AA8<br>LEI: 549300SKRADLC4O5HV93 | Long             | DBT              | CORP              | US        |    200000 | PA      | $197187.12    | 2.40%             | 2029-01-18      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | FN MA5585             | CUSIP: 31418FF36<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    101210 | PA      | $101786.59    | 1.24%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Burford Capital Global Finance LLC                                                  | BURLN 8 1/2 01/15/34  | CUSIP: 12116LAJ8<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |    150000 | PA      | $147174.00    | 1.79%             | 2034-01-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Calumet Specialty Products Partners LP / Calumet Finance Corp                       | CLMT 9 3/4 02/15/31   | CUSIP: 131477BA8<br>LEI: 529900QWK0FGLES9BA18 | Long             | DBT              | CORP              | US        |    200000 | PA      | $213208.00    | 2.60%             | 2031-02-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| United Auto Credit Securitization Trust 2012-1                                      | UACST 2025-1 E        | CUSIP: 90945JAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    170000 | PA      | $172023.12    | 2.09%             | 2031-10-10      | Fixed         | 7.71%                 | Yes           |                  2 | On Loan: No      |
| Asurion LLC / Asurion Co-Issuer Inc.                                                | ASUCOR 8 12/31/32     | CUSIP: 045941AA9<br>LEI: 549300KNQVXGIOXWK278 | Long             | DBT              | CORP              | US        |    100000 | PA      | $105116.80    | 1.28%             | 2032-12-31      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-27

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

**Signature:** Erik Naviloff

**Name of Signer:** Erik Naviloff

**Title:** Treasurer