# EDGAR Filing Document

**Accession Number:** 0001518042
**File Stem:** 0000910472-25-000446
**Filing Date:** 2025-8
**Character Count:** 9011
**Document Hash:** af0ce207b76562c9d4ac76fb103c9621
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-000446.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0000910472-25-000446

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**PERIOD START**: 20251231

**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:** 251274618

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

**MAIL ADDRESS:**
- **STREET 1:** 4221 NORTH 203RD STREET, SUITE 100
- **CITY:** ELKHORN
- **STATE:** NE
- **ZIP:** 68022

## Series and Classes Contracts Data

### Dynamic U.S. Opportunity Fund (Series ID: S000035094)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000107964 | Dynamic U.S. Opportunity Fund Class I | ICSIX           |
| C000107965 | Dynamic U.S. Opportunity Fund Class N | ICSNX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** NORTHERN LIGHTS FUND TRUST II

- **b. Investment Company Act file number:** 811-22549

- **c. CIK number of Registrant:** 0001518042

- **d. LEI of Registrant:** 549300TH7YXW5G2QY588

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

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

  - **City:** CINCINNATI

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

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

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

- **a. Name of Series:** Dynamic US Opportunity Fund

- **b. EDGAR series identifier (if any):** S000035094

- **c. LEI of Series:** 549300OB7I9CZDR7MR50

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

- **a. Date of fiscal year-end:** 2025-12-31

- **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:** $107240296.33

**Total Liabilities:** $394887.37

**Net Assets:** $106845408.96

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000107965 | -0.70%               | 4.32%                | 4.96%                |
| Class ID C000107964 | -0.70%               | 4.40%                | 4.96%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $5134794.02              | $-6076326.88                               |
| Month 2  | $1227451.61              | $3188466.74                                |
| Month 3  | $0.00                    | $4876445.71                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| J P Morgan Exchange Traded Fund Trust | JPM ACT BD ETF                       | CUSIP: 46654Q716<br>LEI: 5493001E1K1DVWDV2464 | Long             | EC               | RF                | US        |      6087 | NS      | $326202.33    | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Vanguard World Fund                   | VANGUARD INF T E                     | CUSIP: 92204A702<br>LEI: 549300MP6BT0L4Q61L10 | Long             | EC               | RF                | US        |      7452 | NS      | $4942762.56   | 4.63%             |  |  |  | No            | 1                  | On Loan: No      |
| Select Sector Spdr Trust              | SPDR-ENERGY SEL                      | CUSIP: 81369Y506<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |     13372 | NS      | $1134079.32   | 1.06%             |  |  |  | No            | 1                  | On Loan: —       |
| iShares Trust                         | ISHARES RUSSELL                      | CUSIP: 464287481<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     15441 | NS      | $2141357.88   | 2.00%             |  |  |  | No            | 1                  | On Loan: —       |
| Select Sector Spdr Trust              | REAL EST SEL SEC                     | CUSIP: 81369Y860<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |     50401 | NS      | $2087609.42   | 1.95%             |  |  |  | No            | 1                  | On Loan: —       |
| Select Sector Spdr Trust              | SPDR-INDU SELECT                     | CUSIP: 81369Y704<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |     33568 | NS      | $4951951.36   | 4.63%             |  |  |  | No            | 1                  | On Loan: —       |
| Select Sector Spdr Trust              | SPDR-CONS STAPLE                     | CUSIP: 81369Y308<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |     64189 | NS      | $5197383.33   | 4.86%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                   | MOUNT VERNON LIQUID ASSETS PORTFOLIO | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| Select Sector Spdr Trust              | SPDR-TECH SEL S                      | CUSIP: 81369Y803<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |     97645 | NS      | $24726643.35  | 23.14%            |  |  |  | No            | 1                  | On Loan: No      |
| First American Funds Inc.             | FIRST AM-TR OB-X                     | CUSIP: 31846V328<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   4408500 | PA      | $4408500.19   | 4.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Select Sector Spdr Trust              | SPDR-CONS DISCRE                     | CUSIP: 81369Y407<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |     34679 | NS      | $7536787.07   | 7.05%             |  |  |  | No            | 1                  | On Loan: —       |
| VanEck ETF Trust                      | V/E SEMICONDUCT                      | CUSIP: 92189F676<br>LEI: 549300ZLFKNTXC51ZN76 | Long             | EC               | RF                | US        |      8449 | NS      | $2356257.12   | 2.21%             |  |  |  | No            | 1                  | On Loan: —       |
| Select Sector Spdr Trust              | SPDR-COMM SERV                       | CUSIP: 81369Y852<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |    115877 | NS      | $12576130.81  | 11.77%            |  |  |  | No            | 1                  | On Loan: —       |
| Select Sector Spdr Trust              | SPDR-FINL SELECT                     | CUSIP: 81369Y605<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |    431866 | NS      | $22616822.42  | 21.17%            |  |  |  | No            | 1                  | On Loan: No      |
| Select Sector Spdr Trust              | SPDR-HEALTH CARE                     | CUSIP: 81369Y209<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |     72354 | NS      | $9752595.66   | 9.13%             |  |  |  | No            | 1                  | On Loan: —       |
| SPDR Series Trust                     | SPD-POR S&P500 V                     | CUSIP: 78464A508<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |     42311 | NS      | $2214557.74   | 2.07%             |  |  |  | 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