# EDGAR Filing Document

**Accession Number:** 0001314414
**File Stem:** 0001752724-23-046395
**Filing Date:** 2023-2
**Character Count:** 19058
**Document Hash:** b51d4755df73143dec67351fe5f042ff
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-046395.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-046395

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20230930

**FILER**: 

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21720
- **FILM NUMBER:** 23682397

**BUSINESS ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 631-470-2600

**MAIL ADDRESS:**
- **STREET 1:** 17605 WRIGHT STREET
- **STREET 2:** SUITE 200
- **CITY:** OMAHA
- **STATE:** NE
- **ZIP:** 68130

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Strategy Shares
- **DATE OF NAME CHANGE:** 20160223

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Mutual Fund & Variable Insurance Trust
- **DATE OF NAME CHANGE:** 20160223

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Northern Lights Fund Trust
- **DATE OF NAME CHANGE:** 20050121

## Series and Classes Contracts Data

### Princeton Premium Fund (Series ID: S000053754)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000168965 | Princeton Premium Fund Class A |  |
| C000168967 | Princeton Premium Fund Class I |  |

## Nport-Ex

)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **PRINCETON PREMIUM FUND** | **PRINCETON PREMIUM FUND** | **PRINCETON PREMIUM FUND** | **PRINCETON PREMIUM FUND** | **PRINCETON PREMIUM FUND** | **PRINCETON PREMIUM FUND** | **PRINCETON PREMIUM FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** |
| **Principal Amount ($)** |  |  |  | **Coupon Rate (%)** | **Maturity** | **Fair Value** |
|  | **U.S. GOVERNMENT & AGENCIES — 92.5%** | **U.S. GOVERNMENT & AGENCIES — 92.5%** | **U.S. GOVERNMENT & AGENCIES — 92.5%** |  |  |  |
|  | **U.S. TREASURY BILLS** — **92.5%** | **U.S. TREASURY BILLS** — **92.5%** | **U.S. TREASURY BILLS** — **92.5%** |  |  |  |
| 26000000 | United States Treasury Bill<sup>(a) (f)</sup> | United States Treasury Bill<sup>(a) (f)</sup> |  | 0.0000 | &nbsp;&nbsp;&nbsp;01/05/23 | $25994756 |
| 22000000 | United States Treasury Bill<sup>(a) (f)</sup> | United States Treasury Bill<sup>(a) (f)</sup> |  | 0.0000 | &nbsp;&nbsp;&nbsp;01/12/23 | 21980929 |
| 22500000 | United States Treasury Bill<sup>(a) (f)</sup> | United States Treasury Bill<sup>(a) (f)</sup> |  | 0.0000 | &nbsp;&nbsp;&nbsp;01/19/23 | 22463850 |
| 25000000 | United States Treasury Bill<sup>(a) (f)</sup> | United States Treasury Bill<sup>(a) (f)</sup> |  | 0.0000 | &nbsp;&nbsp;&nbsp;01/26/23 | 24938100 |
| 25000000 | United States Treasury Bill<sup>(a) (f)</sup> | United States Treasury Bill<sup>(a) (f)</sup> |  | 0.0000 | &nbsp;&nbsp;&nbsp;02/02/23 | 24920785 |
| 21000000 | United States Treasury Bill<sup>(a) (f)</sup> | United States Treasury Bill<sup>(a) (f)</sup> |  | 0.0000 | &nbsp;&nbsp;&nbsp;02/09/23 | 20916329 |
| 21000000 | United States Treasury Bill<sup>(a) (f)</sup> | United States Treasury Bill<sup>(a) (f)</sup> |  | 0.0000 | &nbsp;&nbsp;&nbsp;02/16/23 | 20895697 |
| 23000000 | United States Treasury Bill<sup>(a) (f)</sup> | United States Treasury Bill<sup>(a) (f)</sup> |  | 0.0000 | &nbsp;&nbsp;&nbsp;02/23/23 | 22861745 |
| 25000000 | United States Treasury Bill<sup>(a) (f)</sup> | United States Treasury Bill<sup>(a) (f)</sup> |  | 0.0000 | &nbsp;&nbsp;&nbsp;03/02/23 | 24829469 |
| 20000000 | United States Treasury Bill<sup>(a) (f)</sup> | United States Treasury Bill<sup>(a) (f)</sup> |  | 0.0000 | &nbsp;&nbsp;&nbsp;03/09/23 | 19846952 |
| 22000000 | United States Treasury Bill<sup>(a) (f)</sup> | United States Treasury Bill<sup>(a) (f)</sup> |  | 0.0000 | &nbsp;&nbsp;&nbsp;03/16/23 | 21817774 |
| 22000000 | United States Treasury Bill<sup>(a)</sup> | United States Treasury Bill<sup>(a)</sup> |  | 0.0000 | &nbsp;&nbsp;&nbsp;03/23/23 | 21795477 |
| 28500000 | United States Treasury Bill<sup>(a)</sup> | United States Treasury Bill<sup>(a)</sup> |  | 0.0000 | &nbsp;&nbsp;&nbsp;03/30/23 | 28208390 |
|  | **TOTAL U.S. GOVERNMENT & AGENCIES (Cost $301,392,981)** | **TOTAL U.S. GOVERNMENT & AGENCIES (Cost $301,392,981)** |  |  |  | 301470253 |
| **Shares** |  |  |  |  |  | **Fair Value** |
|  | **SHORT-TERM INVESTMENT — 3.8%** | **SHORT-TERM INVESTMENT — 3.8%** | **SHORT-TERM INVESTMENT — 3.8%** |  |  |  |
|  | **MONEY MARKET FUND - 3.8%** | **MONEY MARKET FUND - 3.8%** | **MONEY MARKET FUND - 3.8%** |  |  |  |
| 12409490 | First American Government Obligations Fund Class X, 4.08% (Cost $12,409,490)<sup>(b)</sup> | First American Government Obligations Fund Class X, 4.08% (Cost $12,409,490)<sup>(b)</sup> | First American Government Obligations Fund Class X, 4.08% (Cost $12,409,490)<sup>(b)</sup> |  |  | &nbsp;&nbsp;&nbsp; 12409490 |
| **Contracts<sup>(c)</sup>** |  |  |  |  |  |  |
|  | **INDEX OPTIONS PURCHASED - 0.0% <sup>(d)</sup>** | **Broker/Counterparty** | **Expiration Date** | **Exercise Price** | **Notional Value** | **Fair Value** |
|  | **PUT OPTIONS PURCHASED - 0.0%<sup>(d)</sup>** | **PUT OPTIONS PURCHASED - 0.0%<sup>(d)</sup>** | **PUT OPTIONS PURCHASED - 0.0%<sup>(d)</sup>** |  |  |  |
| 501 | S&P 500 INDEX | IB | 01/06/2023 | $3250 | &nbsp;&nbsp;&nbsp; $162825000 | &nbsp;&nbsp;&nbsp; $11273 |
|  | **TOTAL PUT OPTIONS PURCHASED** (Cost - $10,668) | **TOTAL PUT OPTIONS PURCHASED** (Cost - $10,668) | **TOTAL PUT OPTIONS PURCHASED** (Cost - $10,668) | **TOTAL PUT OPTIONS PURCHASED** (Cost - $10,668) |  | &nbsp;&nbsp; 11273 |
|  | **TOTAL INVESTMENTS - 96.3% (Cost $313,813,139)** | **TOTAL INVESTMENTS - 96.3% (Cost $313,813,139)** | **TOTAL INVESTMENTS - 96.3% (Cost $313,813,139)** |  |  | &nbsp;&nbsp;&nbsp; $313891016 |
|  | **PUT OPTIONS WRITTEN - (0.0)% <sup>(e)</sup> (Proceeds - $14,986)** | **PUT OPTIONS WRITTEN - (0.0)% <sup>(e)</sup> (Proceeds - $14,986)** | **PUT OPTIONS WRITTEN - (0.0)% <sup>(e)</sup> (Proceeds - $14,986)** |  |  | &nbsp;&nbsp;&nbsp; (16283) |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES - 3.7%** | **OTHER ASSETS IN EXCESS OF LIABILITIES - 3.7%** | **OTHER ASSETS IN EXCESS OF LIABILITIES - 3.7%** |  |  | &nbsp;&nbsp; 12102679 |
|  | **NET ASSETS - 100.0%** |  |  |  |  | &nbsp;&nbsp; $325977412 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **PRINCETON PREMIUM FUND** | **PRINCETON PREMIUM FUND** | **PRINCETON PREMIUM FUND** | **PRINCETON PREMIUM FUND** | **PRINCETON PREMIUM FUND** | **PRINCETON PREMIUM FUND** |
| **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)** | **SCHEDULE OF INVESTMENTS (Unaudited)(Continued)** |
| **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** |
| **Contracts<sup>(c)</sup>** |  |  |  |  |  |
|  | **WRITTEN INDEX OPTIONS - (0.0)% <sup>(e)</sup>** | **Expiration Date** | **Exercise Price** | **Notional Value** | **Fair Value** |
|  | **PUT OPTIONS WRITTEN - (0.0)%<sup>(e)</sup>** | **PUT OPTIONS WRITTEN - (0.0)%<sup>(e)</sup>** |  |  |  |
| 501 | S&P 500 INDEX IB | 01/06/2023 | $3350 | &nbsp;&nbsp;&nbsp; $167835000 | &nbsp;&nbsp;&nbsp; $16283 |
|  | **TOTAL PUT OPTIONS WRITTEN** (Proceeds - $14,986) | **TOTAL PUT OPTIONS WRITTEN** (Proceeds - $14,986) | **TOTAL PUT OPTIONS WRITTEN** (Proceeds - $14,986) |  | &nbsp;&nbsp; 16283 |

---

---

| | |
|:---|:---|
| IB | Interactive Brokers |
| <sup>(a)</sup> | Zero coupon bond. |
| <sup>(b)</sup> | Rate disclosed is the seven day effective yield as of December 31, 2022. |
| <sup>(c)</sup> | Each option contract allows the holder of the option to purchase or sell 100 shares of the underlying security. |
| <sup>(d)</sup> | Percentage rounds to less than 0.1%. |
| <sup>(e)</sup> | Percentage rounds to greater than (0.1)%. |
| <sup>(f)</sup> | All or a portion of these investments are segregated as collateral for option contracts. The amount of pledged securities collateral amounted to $251,465,235. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Northern Lights Fund Trust

- **b. Investment Company Act file number:** 811-21720

- **c. CIK number of Registrant:** 0001314414

- **d. LEI of Registrant:** 549300BSYF57GRCG4861

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 225 PICTORIA DRIVE

  - **City:** CINCINNATI

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

  - **Telephone number:** 631-470-2600

**Item A.2. Information about the Series.**

- **a. Name of Series:** Princeton Premium Fund

- **b. EDGAR series identifier (if any):** S000053754

- **c. LEI of Series:** 549300E1CQ4L2NM0YT88

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

- **a. Date of fiscal year-end:** 2023-09-30

- **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:** $326787129.00

**Total Liabilities:** $809716.74

**Net Assets:** $325977412.26

**Cash Not Reported:** $12600167.41

**Currency Risk Metrics (dv01):**

- 

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

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

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000168965 | 0.93%                | 0.25%                | 0.26%                |
| Class ID C000168967 | 0.92%                | 0.25%                | 0.34%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-0.15                   | $-145046.31                                |
| Month 2  | $0.05                    | $81008.32                                  |
| Month 3  | $-0.05                   | $118285.73                                 |

### 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 02/02/23             | CUSIP: 912796XT1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  25000000 | PA      | $24920784.75  | 7.64%             | 2023-02-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| FIRST AMERN FDS INC          | FRST AM-GV OB-X        | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |  12409490 | PA      | $12409490.03  | 3.81%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                          | SPXW US 12/30/22 P3325 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |       999 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills | B 02/23/23             | CUSIP: 912796T33<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  23000000 | PA      | $22861744.93  | 7.01%             | 2023-02-23      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills | B 02/16/23             | CUSIP: 912796YA1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  21000000 | PA      | $20895696.99  | 6.41%             | 2023-02-16      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                          | SPXW US 12/30/22 P3275 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |      3390 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Bills | B 01/12/23             | CUSIP: 912796XR5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  22000000 | PA      | $21980928.64  | 6.74%             | 2023-01-12      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills | B 03/23/23             | CUSIP: 912796U31<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  22000000 | PA      | $21795477.22  | 6.69%             | 2023-03-23      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills | B 02/09/23             | CUSIP: 912796XZ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  21000000 | PA      | $20916328.65  | 6.42%             | 2023-02-09      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills | B 03/16/23             | CUSIP: 912796YL7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  22000000 | PA      | $21817774.00  | 6.69%             | 2023-03-16      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                          | SPXW US 12/30/22 P3250 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |      1690 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                          | SPXW US 12/30/22 P3375 | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |     -3390 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Bills | B 03/30/23             | CUSIP: 912796YM5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  28500000 | PA      | $28208390.57  | 8.65%             | 2023-03-30      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills | B 01/26/23             | CUSIP: 912796S34<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  25000000 | PA      | $24938099.75  | 7.65%             | 2023-01-26      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills | B 01/19/23             | CUSIP: 912796XS3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  22500000 | PA      | $22463849.93  | 6.89%             | 2023-01-19      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                          | SPXW US 12/30/22 P3350 | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |     -1690 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                          | SPXW US 12/30/22 P3425 | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |      -999 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Bills | B 01/05/23             | CUSIP: 912796X95<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  26000000 | PA      | $25994756.58  | 7.97%             | 2023-01-05      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                          | SPXW US 01/06/23 P3350 | CUSIP: N/A<br>LEI: N/A                        | Short            | DE               | CORP              | N/A       |      -501 | NC      | $-16282.50    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills | B 03/09/23             | CUSIP: 912796YK9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20000000 | PA      | $19846952.00  | 6.09%             | 2023-03-09      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                          | SPXW US 01/06/23 P3250 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | N/A       |       501 | NC      | $11272.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills | B 03/02/23             | CUSIP: 912796YB9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  25000000 | PA      | $24829469.00  | 7.62%             | 2023-03-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |

### Signature

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

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

**Signature:** James Colantino

**Name of Signer:** James Colantino

**Title:** Treasurer