# EDGAR Filing Document

**Accession Number:** 0001518042
**File Stem:** 0000910472-26-000393
**Filing Date:** 2026-1
**Character Count:** 16738
**Document Hash:** 794f288f43d0116078f456a4f2f55359
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-000393.hdr.sgml**: 20260126

**ACCESSION NUMBER**: 0000910472-26-000393

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260126

**DATE AS OF CHANGE**: 20260126

**PERIOD START**: 20251130

**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:** 26558703

**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

### North Star Bond Fund (Series ID: S000045834)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000142876 | North Star Bond Fund Class I Shares | NSBDX           |

## 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:** North Star Bond Fund

- **b. EDGAR series identifier (if any):** S000045834

- **c. LEI of Series:** 549300LVFYSURXH1FN39

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

- **a. Date of fiscal year-end:** 2025-11-30

- **b. Date as of which information is reported:** 2025-11-30

**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:** $35186846.36

**Total Liabilities:** $74109.37

**Net Assets:** $35112736.99

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 993.69418800 | **1-Year:** 525.73246500 | **5-Year:** 382.99810300 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 78.01793600 | **1-Year:** 1314.93498300 | **5-Year:** 1440.55175200 | **10-Year:** 182.40807400 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000142876 | 0.60%                | -0.25%               | 0.47%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $70801.12                | $17150.49                                  |
| Month 2  | $0.00                    | $-213551.61                                |
| Month 3  | $0.00                    | $22757.69                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| United States Treasury Bills                 | B 01/15/26           | CUSIP: 912797RJ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1700000 | PA      | $1691969.90   | 4.82%             | 2026-01-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Brinker International, Inc.                  | EAT 8 1/4 07/15/30   | CUSIP: 109641AK6<br>LEI: 52990067JY6PBGJNTG76 | Long             | DBT              | CORP              | US        |    300000 | PA      | $318481.50    | 0.91%             | 2030-07-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Steelcase Inc                                | SCS 5 1/8 01/18/29   | CUSIP: 858155AE4<br>LEI: GIE4CCPBJDI8SMV1OX95 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1373346.62   | 3.91%             | 2029-01-18      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Embecta Corp.                                | EMBC 6 3/4 02/15/30  | CUSIP: 29082KAB1<br>LEI: 549300RPG8GXVDHNXZ62 | Long             | DBT              | CORP              | US        |    250000 | PA      | $247600.00    | 0.71%             | 2030-02-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| M/I Homes Inc.                               | MHO 4.95 02/01/28    | CUSIP: 55305BAS0<br>LEI: 5299005M71FH9CCSFB69 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $997946.30    | 2.84%             | 2028-02-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| United Rentals (North America), Inc.         | URI 5 1/2 05/15/27   | CUSIP: 911365BF0<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000706.74   | 2.85%             | 2027-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Energizer Holdings Inc                       | ENR 6 09/15/33       | CUSIP: 29272WAG4<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |    600000 | PA      | $567138.96    | 1.62%             | 2033-09-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| IIP Operating Partnership LP                 | IIPR 5 1/2 05/25/26  | CUSIP: 44988FAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $394331.58    | 1.12%             | 2026-05-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Great Lakes Dredge & Dock Corporation        | GLDD 5 1/4 06/01/29  | CUSIP: U39023AG8<br>LEI: 549300H65E3MZ1CX0P05 | Long             | DBT              | CORP              | US        |    900000 | PA      | $877246.20    | 2.50%             | 2029-06-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Six Flags Entertainment Corp.                | FUN 5 3/8 04/15/27   | CUSIP: 150190AB2<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1389454.22   | 3.96%             | 2027-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Blackstone Private Credit Fund               | BCRED 2 5/8 12/15/26 | CUSIP: 09261HAD9<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |    850000 | PA      | $832942.26    | 2.37%             | 2026-12-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| The Scotts Miracle-Gro Company               | SMG 5 1/4 12/15/26   | CUSIP: 810186AP1<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | DBT              | CORP              | US        |   1510000 | PA      | $1514483.64   | 4.31%             | 2026-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wendy's International Inc.                   | WEN 7 12/15/25       | CUSIP: 950590AG4<br>LEI: 549300PQTT267ME8D359 | Long             | DBT              | CORP              | US        |   1471000 | PA      | $1476004.70   | 4.20%             | 2025-12-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| EPR Properties                               | EPR 4.95 04/15/28    | CUSIP: 26884UAE9<br>LEI: 549300YSSXFHMPOWZ492 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1411873.15   | 4.02%             | 2028-04-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Under Armour, Inc.                           | UA 3 1/4 06/15/26    | CUSIP: 904311AA5<br>LEI: 549300D4549QKWETZ406 | Long             | DBT              | CORP              | US        |   1475000 | PA      | $1466188.20   | 4.18%             | 2026-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Wintrust Financial Corporation               | WTFC 7 7/8 PERP      | CUSIP: 97650W702<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EP               | CORP              | US        |      6000 | NS      | $157560.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Interface, Inc.                              | TILE 5 1/2 12/01/28  | CUSIP: 458665AS5<br>LEI: 549300VXZWQOIDFPU355 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999375.00    | 2.85%             | 2028-12-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Energizer Holdings Inc                       | ENR 4 3/4 06/15/28   | CUSIP: U29195AD3<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |    200000 | PA      | $197742.68    | 0.56%             | 2028-06-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| TransDigm, Inc.                              | TDG 4 5/8 01/15/29   | CUSIP: 893647BP1<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    600000 | PA      | $593099.10    | 1.69%             | 2029-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Vail Resorts, Inc.                           | MTN 5 5/8 07/15/30   | CUSIP: U90984AG7<br>LEI: 529900PSZHRNU9HKH870 | Long             | DBT              | CORP              | US        |    600000 | PA      | $609180.00    | 1.73%             | 2030-07-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Mellon Capital IV                            | BK Float PERP        | CUSIP: 58551TAA5<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   1000000 | PA      | $822452.80    | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| LXP Industrial Trust                         | LXP 6 1/2 PERP       | CUSIP: 529043309<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EP               | CORP              | US        |     12300 | NS      | $575025.00    | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR Properties                               | EPR 5 3/4 PERP       | CUSIP: 26884U208<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EP               | CORP              | US        |     31000 | NS      | $730050.00    | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Hawaii Corp.                         | BOH 8 PERP           | CUSIP: 062540307<br>LEI: 5493006Q8BQ8AD8M2U33 | Long             | EP               | CORP              | US        |     20200 | NS      | $536714.00    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Elanco Animal Health Inc                     | ELAN 4.9 08/28/28    | CUSIP: 28414HAG8<br>LEI: 549300SHPNDCE059M934 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1470884.80   | 4.19%             | 2028-08-28      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Oceaneering International, Inc.              | OII 6 02/01/28       | CUSIP: 675232AD4<br>LEI: 549300L6PH74701W0R30 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1524018.00   | 4.34%             | 2028-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| First Busey Corporation                      | BUSE 8 1/4 PERP      | CUSIP: 319383600<br>LEI: 549300X4ZNLYSX7GUY60 | Long             | EP               | CORP              | US        |     25000 | NS      | $636750.00    | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| ACCO Brands Corporation                      | ACCO 4 1/4 03/15/29  | CUSIP: 00081TAK4<br>LEI: JCT8P4Y190IH4I1NX328 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1361605.80   | 3.88%             | 2029-03-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Bills                 | B 01/02/26           | CUSIP: 912797RA7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    500000 | PA      | $498311.11    | 1.42%             | 2026-01-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Beazer Homes USA Inc.                        | BZH 5 7/8 10/15/27   | CUSIP: 07556QBR5<br>LEI: 549300DUPYT2T0F60I45 | Long             | DBT              | CORP              | US        |   1475000 | PA      | $1483097.75   | 4.22%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Wintrust Financial Corporation               | WTFC 4.85 06/06/29   | CUSIP: 97650WAG3<br>LEI: Q774KI4AW80FHFW33O61 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1490604.17   | 4.25%             | 2029-06-06      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Hercules Capital Inc                         | HTGC 2 5/8 09/16/26  | CUSIP: 427096AH5<br>LEI: 549300UJ5OC256GR2B73 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $984119.88    | 2.80%             | 2026-09-16      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                        | BAC 5.9186 PERP      | CUSIP: 060505815<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |     29000 | NS      | $575940.00    | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.                    | FIRST AM-TR OB-X     | CUSIP: 31846V328<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   2724741 | PA      | $2724740.55   | 7.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Carnival Corporation                         | CCL 6.65 01/15/28    | CUSIP: 143658AH5<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    250000 | PA      | $258906.75    | 0.74%             | 2028-01-15      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Brundage-Bone Concrete Pumping Holdings Inc. | BBCP 7 1/2 02/01/32  | CUSIP: 66981QAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    900000 | PA      | $912610.80    | 2.60%             | 2032-02-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-26

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

**Signature:** Erik Naviloff

**Name of Signer:** Erik Naviloff

**Title:** Treasurer