# EDGAR Filing Document

**Accession Number:** 0001314414
**File Stem:** 0000910472-26-002739
**Filing Date:** 2026-2
**Character Count:** 17054
**Document Hash:** 41855215f8efa908c3123547afdcf1d1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-002739.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0000910472-26-002739

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Northern Lights Fund Trust
- **CENTRAL INDEX KEY:** 0001314414

**ORGANIZATION NAME:**
- **EIN:** 043023766
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21720
- **FILM NUMBER:** 26683166

**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

### Ocean Park Tactical Municipal Fund (Series ID: S000064014)

| Class ID   | Class Name                                               | Ticker Symbol   |
|:---|:---|:---|
| C000207096 | Ocean Park Tactical Municipal Fund Class Special Shares  | STMYX           |
| C000207097 | Ocean Park Tactical Municipal Fund Class A Shares        | STMKX           |
| C000207098 | Ocean Park Tactical Municipal Fund Instl Class Shares    | STMEX           |
| C000207099 | Ocean Park Tactical Municipal Fund Investor Class Shares | STMNX           |
| C000214793 | Ocean Park Tactical Municipal Fund Class C Shares        | STMHX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **OCEAN PARK TACTICAL MUNICIPAL FUND** | **OCEAN PARK TACTICAL MUNICIPAL FUND** | **OCEAN PARK TACTICAL MUNICIPAL FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **EXCHANGE-TRADED FUNDS — 5.8%** |  |
|  | **FIXED INCOME - 5.8%** |  |
| 116300 | First Trust Municipal High Income ETF | &nbsp;&nbsp;&nbsp; $5574771 |
| 86300 | Franklin Dynamic Municipal Bond ETF | &nbsp;&nbsp;&nbsp; 2146281 |
| 46600 | State Street SPDR Nuveen ICE High Yield Municipal ETF | &nbsp;&nbsp;&nbsp; 1162204 |
|  | **TOTAL EXCHANGE-TRADED FUNDS (Cost $8,690,856)** | &nbsp;&nbsp; 8883256 |
|  | **OPEN END FUNDS — 93.8%** |  |
|  | **FIXED INCOME - 93.8%** |  |
| 793 | Allspring California Tax-Free Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 8297 |
| 3894830 | Allspring Municipal Bond Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 37779847 |
| 2099 | American Century High-Yield Municipal Fund, Class I | &nbsp;&nbsp;&nbsp; 18327 |
| 360966 | American High-Income Municipal Bond Fund, Class I | &nbsp;&nbsp;&nbsp; 5530001 |
| 9279 | BlackRock National Municipal Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 92701 |
| 3801 | BlackRock Strategic Municipal Opportunities Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 39488 |
| 3883 | City National Rochdale Municipal High Income Fund, Service Class | &nbsp;&nbsp;&nbsp; 35958 |
| 5385 | First Eagle Funds - First Eagle High Income Fund, Class I | &nbsp;&nbsp;&nbsp; 43349 |
| 4590 | Northern Intermediate Tax-Exempt Fund, Class I | &nbsp;&nbsp;&nbsp; 45489 |
| 1140156 | Nuveen All-American Municipal Bond Fund, Class I | &nbsp;&nbsp;&nbsp; 11390155 |
| 1160 | Nuveen California High Yield Municipal Bond Fund, Class I | &nbsp;&nbsp;&nbsp; 9092 |
| 2308 | Nuveen California Municipal Bond Fund, Class I | &nbsp;&nbsp;&nbsp; 23008 |
| 1811191 | Nuveen High Yield Municipal Bond Fund, Class I | &nbsp;&nbsp;&nbsp; 25900029 |
| 874 | Nuveen Intermediate Duration Municipal Bond Fund, Class I | &nbsp;&nbsp;&nbsp; 7793 |
| 829 | Nuveen Limited Term Municipal Bond Fund, Class I | &nbsp;&nbsp;&nbsp; 9098 |
| 1728085 | Nuveen Short Duration High Yield Municipal Bond Fund, Class I | &nbsp;&nbsp;&nbsp; 16243995 |
| 2720095 | PIMCO High Yield Municipal Bond Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 22794398 |
| 1250791 | PIMCO Municipal Bond Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 11782450 |
| 1011 | Putnam Strategic Intermediate Municipal Fund, Class Y | &nbsp;&nbsp;&nbsp; 14300 |
| 1172795 | Russell Tax Exempt High Yield Bond Fund, Class S | &nbsp;&nbsp;&nbsp; 11364388 |
|  | **TOTAL OPEN END FUNDS (Cost $141,453,425)** | &nbsp;&nbsp; 143132163 |

---

---

| | | |
|:---|:---|:---|
| **OCEAN PARK TACTICAL MUNICIPAL FUND** | **OCEAN PARK TACTICAL MUNICIPAL FUND** | **OCEAN PARK TACTICAL MUNICIPAL FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **SHORT-TERM INVESTMENTS — 0.3%** |  |
|  | **MONEY MARKET FUNDS - 0.3%** |  |
| 8865 | BlackRock Liquidity Funds MuniCash, Institutional Class, 3.06%<sup>(a) (b)</sup> | &nbsp;&nbsp;&nbsp; $8866 |
| 480606 | First American Government Obligations Fund, Class X, 3.67%<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 480606 |
|  | **TOTAL MONEY MARKET FUNDS (Cost $489,472)** | &nbsp;&nbsp; 489472 |
|  | **TOTAL INVESTMENTS - 99.9% (Cost $150,633,753)** | &nbsp;&nbsp;&nbsp; $152504891 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES - 0.1%** | &nbsp;&nbsp; 152345 |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $152657236 |

---

---

| | |
|:---|:---|
| ETF | - Exchange-Traded Fund |
| SPDR | - Standard & Poor's Depositary Receipt |
| <sup>(a)</sup> | Rate disclosed is the seven day effective yield as of December 31, 2025. |
| <sup>(b)</sup> | Floating Net Asset Value |

---

## 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:** Ocean Park Tactical Municipal Fund

- **b. EDGAR series identifier (if any):** S000064014

- **c. LEI of Series:** 549300OJT70EX64LCS40

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

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2025-12-31

**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:** $153288253.71

**Total Liabilities:** $631017.91

**Net Assets:** $152657235.80

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000207096 | 0.98%                | 0.16%                | -0.13%               |
| Class ID C000207097 | 0.95%                | 0.13%                | -0.16%               |
| Class ID C000207098 | 0.98%                | 0.11%                | -0.10%               |
| Class ID C000207099 | 0.98%                | 0.08%                | -0.14%               |
| Class ID C000214793 | 0.94%                | 0.04%                | -0.19%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $75696.10                | $1163755.22                                |
| Month 2  | $84598.41                | $-326331.28                                |
| Month 3  | $74674.40                | $-793193.64                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| American Centy Tr                                | AC-H/Y MUNI-I             | CUSIP: 024934663<br>LEI: N/A                  | Long             | EC               | RF                | US        |      2091 | NS      | $18254.75     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| American High-Income Municipal Bond Fund         | AF-H/I MUN-F3             | CUSIP: 026545806<br>LEI: N/A                  | Long             | EC               | RF                | US        |    359390 | NS      | $5505851.46   | 3.61%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity Funds                        | BLKR-LI MUNI-INS          | CUSIP: 09248U841<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |      8865 | PA      | $8866.21      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Municipal Bond Fund Inc                | BLKR-NTL MUN-INS          | CUSIP: 09253C876<br>LEI: N/A                  | Long             | EC               | RF                | US        |      9249 | NS      | $92400.05     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Municipal Series Trust                 | BLRK-STR MUN-I            | CUSIP: 09253E609<br>LEI: N13FNQG6SVW6WDIWRJ75 | Long             | EC               | RF                | US        |      3788 | NS      | $39356.52     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| City National Rochdale Funds                     | CNR-NATL ROCH-SV          | CUSIP: 17800P456<br>LEI: 549300QMC7FYNN5LU818 | Long             | EC               | RF                | US        |      3870 | NS      | $35840.52     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.                        | FRST AM-GV OB-X           | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |    480606 | PA      | $480606.19    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| First Eagle Funds                                | FIRST EAGLE HIGH YIELD-I  | CUSIP: 32008F713<br>LEI: 549300FE2F4XF7FZN136 | Long             | EC               | RF                | US        |      5357 | NS      | $43126.37     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| First Trust Exchange-Traded Fund III             | FIRST TRUST MUNI          | CUSIP: 33739P301<br>LEI: 5493003Z20QMESC6XS29 | Long             | EC               | RF                | US        |    116300 | NS      | $5574770.72   | 3.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Templeton ETF Trust                     | FRANKLIN DYNAMIC          | CUSIP: 35473P868<br>LEI: 549300UHXVPT5S43XV04 | Long             | EC               | RF                | US        |     86300 | NS      | $2146281.00   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Funds                                   | NT-INT T/E                | CUSIP: 665162871<br>LEI: 5493004ZY1PEJR3C0A81 | Long             | EC               | RF                | US        |      4590 | NS      | $45442.59     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen Multistate                                | NVN-CA MUNI-I             | CUSIP: 67065N407<br>LEI: 549300IEL53UNMUSWW03 | Long             | EC               | RF                | US        |      2300 | NS      | $22933.25     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen Multistate                                | NVN-CA H/Y-I              | CUSIP: 67065N555<br>LEI: 549300IEL53UNMUSWW03 | Long             | EC               | RF                | US        |      1155 | NS      | $9057.29      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen Municipal                                 | NVV-INT DUR-I             | CUSIP: 67065Q400<br>LEI: 549300D2RECSQKX7NC33 | Long             | EC               | RF                | US        |       871 | NS      | $7770.60      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen Municipal                                 | NVN-SH DUR HY-I           | CUSIP: 67065Q699<br>LEI: 549300D2RECSQKX7NC33 | Long             | EC               | RF                | US        |   1720853 | NS      | $16176021.39  | 10.60%            |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen Municipal                                 | NVN-H/Y MUN-I             | CUSIP: 67065Q772<br>LEI: 549300D2RECSQKX7NC33 | Long             | EC               | RF                | US        |   1801901 | NS      | $25767180.45  | 16.88%            |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen Municipal                                 | NVN-L/T MUNI-I            | CUSIP: 67065Q822<br>LEI: 549300D2RECSQKX7NC33 | Long             | EC               | RF                | US        |       827 | NS      | $9076.49      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen Municipal                                 | NVN-ALL AMER-I            | CUSIP: 67065Q855<br>LEI: 549300D2RECSQKX7NC33 | Long             | EC               | RF                | US        |   1135892 | NS      | $11347558.61  | 7.43%             |  |  |  | No            |                  1 | On Loan: No      |
| PIMCO Funds Pacific Investment Management Series | PIMCO MUNICIPAL BOND-INST | CUSIP: 693391658<br>LEI: N/A                  | Long             | EC               | RF                | US        |   1246485 | NS      | $11741885.39  | 7.69%             |  |  |  | No            |                  1 | On Loan: No      |
| PIMCO Funds                                      | PIMCO-HY MUNI-I           | CUSIP: 72201F672<br>LEI: 5493003B5Y5GR0Y25Y76 | Long             | EC               | RF                | US        |   2709199 | NS      | $22703083.50  | 14.87%            |  |  |  | No            |                  1 | On Loan: No      |
| Putman Tax Free Income Tr                        | PTNM ST IN MUN-Y          | CUSIP: 746872886<br>LEI: N/A                  | Long             | EC               | RF                | US        |      1007 | NS      | $14252.73     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Russell Investment Company                       | RIC-T/E HI Y-S            | CUSIP: 78249R123<br>LEI: 549300J63VJ9OS4TCK93 | Long             | EC               | RF                | US        |   1172795 | NS      | $11364387.58  | 7.44%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Series Trust                                | SS SPDR NUV I HY          | CUSIP: 78464A284<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |     46600 | NS      | $1162204.00   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Allspring Funds Trust                            | ALLSP-CA T/F-INS          | CUSIP: 94988A734<br>LEI: 549300XROIY0CTN7RZ24 | Long             | EC               | RF                | US        |       791 | NS      | $8271.38      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Allspring Funds Trust                            | ALLSP-MUN BD-INS          | CUSIP: 949921670<br>LEI: 549300XROIY0CTN7RZ24 | Long             | EC               | RF                | US        |   3883470 | NS      | $37669656.68  | 24.68%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-28

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

**Signature:** James Colantino

**Name of Signer:** James Colantino

**Title:** Treasurer