# EDGAR Filing Document

**Accession Number:** 0001518042
**File Stem:** 0000910472-25-004269
**Filing Date:** 2025-11
**Character Count:** 35539
**Document Hash:** 9956cd1f2f5de9973b67c628680b43d5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-004269.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0000910472-25-004269

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**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:** 251527143

**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

### Al Frank Fund (Series ID: S000039632)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000122237 | Al Frank Fund Advisor Class | VALAX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **AL FRANK FUND** | **AL FRANK FUND** | **AL FRANK FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 96.2%** |  |
|  | **COMMUNICATION SERVICES — 7.3%** |  |
|  | **CABLE & SATELLITE - 0.9%** |  |
| 20000 | Comcast Corporation, Class A | &nbsp;&nbsp;&nbsp; $628400 |
|  | **ENTERTAINMENT CONTENT - 1.4%** |  |
| 9000 | Walt Disney Company (The) | &nbsp;&nbsp;&nbsp; 1030500 |
|  | **INTERNET MEDIA & SERVICES - 4.3%** |  |
| 7000 | Alphabet, Inc., Class C | &nbsp;&nbsp;&nbsp; 1704850 |
| 1825 | Meta Platforms, Inc., Class A | &nbsp;&nbsp;&nbsp; 1340243 |
|  |  | &nbsp;&nbsp; 3045093 |
|  | **TELECOMMUNICATIONS - 0.7%** |  |
| 11000 | Verizon Communications, Inc. | &nbsp;&nbsp;&nbsp; 483450 |
|  | **TOTAL COMMUNICATION SERVICES (Cost $1,629,504)** | &nbsp;&nbsp; 5187443 |
|  | **CONSUMER DISCRETIONARY — 4.2%** |  |
|  | **AUTOMOTIVE - 1.9%** |  |
| 22500 | General Motors Company | &nbsp;&nbsp;&nbsp; 1371825 |
|  | **HOME & OFFICE PRODUCTS - 0.8%** |  |
| 7000 | Whirlpool Corporation | &nbsp;&nbsp;&nbsp; 550200 |
|  | **HOME CONSTRUCTION - 0.5%** |  |
| 5500 | Meritage Homes Corporation | &nbsp;&nbsp;&nbsp; 398365 |
|  | **RETAIL - DISCRETIONARY - 1.0%** |  |
| 3500 | Abercrombie & Fitch Company, Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 299425 |
| 24000 | American Eagle Outfitters, Inc. | &nbsp;&nbsp;&nbsp; 410640 |
|  |  | &nbsp;&nbsp; 710065 |
|  | **TOTAL CONSUMER DISCRETIONARY (Cost $2,049,334)** | &nbsp;&nbsp; 3030455 |

---

---

| | | |
|:---|:---|:---|
| **AL FRANK FUND** | **AL FRANK FUND** | **AL FRANK FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)(Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited)(Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited)(Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **CONSUMER STAPLES — 3.8% (Continued)** |  |
|  | **FOOD - 0.7%** |  |
| 9650 | Tyson Foods, Inc., Class A | &nbsp;&nbsp;&nbsp; $523995 |
|  | **RETAIL - CONSUMER STAPLES - 2.2%** |  |
| 5000 | Target Corporation | &nbsp;&nbsp;&nbsp; 448500 |
| 11000 | Walmart, Inc. | &nbsp;&nbsp;&nbsp; 1133660 |
|  |  | &nbsp;&nbsp; 1582160 |
|  | **WHOLESALE - CONSUMER STAPLES - 0.9%** |  |
| 10750 | Archer-Daniels-Midland Company | &nbsp;&nbsp;&nbsp; 642205 |
|  | **TOTAL CONSUMER STAPLES (Cost $892,070)** | &nbsp;&nbsp; 2748360 |
|  | **ENERGY — 4.8%** |  |
|  | **OIL & GAS PRODUCERS - 4.8%** |  |
| 11500 | EOG Resources, Inc. | &nbsp;&nbsp;&nbsp; 1289380 |
| 11000 | Exxon Mobil Corporation | &nbsp;&nbsp;&nbsp; 1240250 |
| 16000 | TotalEnergies S.E. - ADR | &nbsp;&nbsp;&nbsp; 955040 |
|  | **TOTAL ENERGY (Cost $2,210,935)** | &nbsp;&nbsp; 3484670 |
|  | **FINANCIALS — 19.2%** |  |
|  | **BANKING - 10.2%** |  |
| 28000 | Bank of America Corporation | &nbsp;&nbsp;&nbsp; 1444520 |
| 32000 | Fifth Third Bancorp | &nbsp;&nbsp;&nbsp; 1425600 |
| 7000 | JPMorgan Chase & Company | &nbsp;&nbsp;&nbsp; 2208010 |
| 6000 | PNC Financial Services Group, Inc. (The) | &nbsp;&nbsp;&nbsp; 1205580 |
| 22000 | Truist Financial Corporation | &nbsp;&nbsp;&nbsp; 1005840 |
|  |  | &nbsp;&nbsp; 7289550 |
|  | **INSTITUTIONAL FINANCIAL SERVICES - 2.6%** |  |
| 2325 | Goldman Sachs Group, Inc. (The) | &nbsp;&nbsp;&nbsp; 1851514 |
|  | **INSURANCE - 3.4%** |  |
| 15500 | MetLife, Inc. | &nbsp;&nbsp;&nbsp; 1276735 |

---

---

| | | |
|:---|:---|:---|
| **AL FRANK FUND** | **AL FRANK FUND** | **AL FRANK FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **FINANCIALS — 19.2% (Continued)** |  |
|  | **INSURANCE - 3.4% (Continued)** |  |
| 11500 | Prudential Financial, Inc. | &nbsp;&nbsp;&nbsp; $1193010 |
|  |  | &nbsp;&nbsp; 2469745 |
|  | **SPECIALTY FINANCE - 2.4%** |  |
| 8000 | Capital One Financial Corporation | &nbsp;&nbsp;&nbsp; 1700640 |
|  | **TECHNOLOGY SERVICES - 0.6%** |  |
| 6500 | PayPal Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 435890 |
|  | **TOTAL FINANCIALS (Cost $4,346,760)** | &nbsp;&nbsp; 13747339 |
|  | **HEALTH CARE — 10.9%** |  |
|  | **BIOTECH & PHARMA - 5.3%** |  |
| 3000 | Amgen, Inc. | &nbsp;&nbsp;&nbsp; 846600 |
| 18495 | Bristol-Myers Squibb Company | &nbsp;&nbsp;&nbsp; 834125 |
| 5600 | Johnson & Johnson | &nbsp;&nbsp;&nbsp; 1038352 |
| 7000 | Merck & Company, Inc. | &nbsp;&nbsp;&nbsp; 587510 |
| 20000 | Pfizer, Inc. | &nbsp;&nbsp;&nbsp; 509600 |
|  |  | &nbsp;&nbsp; 3816187 |
|  | **HEALTH CARE FACILITIES & SERVICES - 2.5%** |  |
| 6000 | Cardinal Health, Inc. | &nbsp;&nbsp;&nbsp; 941760 |
| 11000 | CVS Health Corporation | &nbsp;&nbsp;&nbsp; 829290 |
| 1 | Encompass Health Corporation | &nbsp;&nbsp;&nbsp; 127 |
|  |  | &nbsp;&nbsp; 1771177 |
|  | **MEDICAL EQUIPMENT & DEVICES - 3.1%** |  |
| 7750 | Abbott Laboratories | &nbsp;&nbsp;&nbsp; 1038035 |
| 7000 | Medtronic PLC | &nbsp;&nbsp;&nbsp; 666680 |
| 5000 | Zimmer Biomet Holdings, Inc. | &nbsp;&nbsp;&nbsp; 492500 |
|  |  | &nbsp;&nbsp; 2197215 |
|  | **TOTAL HEALTH CARE (Cost $5,138,209)** | &nbsp;&nbsp; 7784579 |

---

---

| | | |
|:---|:---|:---|
| **AL FRANK FUND** | **AL FRANK FUND** | **AL FRANK FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **INDUSTRIALS — 12.6% (Continued)** |  |
|  | **AEROSPACE & DEFENSE - 1.6%** |  |
| 2300 | Lockheed Martin Corporation, Class B | &nbsp;&nbsp;&nbsp; $1148183 |
|  | **COMMERCIAL SUPPORT SERVICES - 0.6%** |  |
| 12000 | ManpowerGroup, Inc. | &nbsp;&nbsp;&nbsp; 454800 |
|  | **DIVERSIFIED INDUSTRIALS - 1.8%** |  |
| 3500 | Eaton Corporation PLC | &nbsp;&nbsp;&nbsp; 1309875 |
|  | **MACHINERY - 2.7%** |  |
| 2700 | Caterpillar, Inc. | &nbsp;&nbsp;&nbsp; 1288305 |
| 1452 | Deere & Company | &nbsp;&nbsp;&nbsp; 663942 |
|  |  | &nbsp;&nbsp; 1952247 |
|  | **RENEWABLE ENERGY - 1.0%** |  |
| 6500 | EnerSys | &nbsp;&nbsp;&nbsp; 734240 |
|  | **TRANSPORTATION & LOGISTICS - 2.8%** |  |
| 3000 | FedEx Corporation | &nbsp;&nbsp;&nbsp; 707430 |
| 4250 | Norfolk Southern Corporation | &nbsp;&nbsp;&nbsp; 1276742 |
|  |  | &nbsp;&nbsp; 1984172 |
|  | **TRANSPORTATION EQUIPMENT - 2.1%** |  |
| 3500 | Cummins, Inc. | &nbsp;&nbsp;&nbsp; 1478295 |
|  | **TOTAL INDUSTRIALS (Cost $3,386,573)** | &nbsp;&nbsp; 9061812 |
|  | **INFORMATION TECHNOLOGY — 25.6%** |  |
|  | **SEMICONDUCTORS - 6.3%** |  |
| 47480 | Cohu, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 965268 |
| 27515 | Intel Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 923128 |
| 12000 | Lam Research Corporation | &nbsp;&nbsp;&nbsp; 1606800 |
| 6000 | QUALCOMM, Inc. | &nbsp;&nbsp;&nbsp; 998160 |
|  |  | &nbsp;&nbsp; 4493356 |
|  | **SOFTWARE - 5.1%** |  |
| 30000 | Gen Digital, Inc. | &nbsp;&nbsp;&nbsp; 851700 |

---

---

| | | |
|:---|:---|:---|
| **AL FRANK FUND** | **AL FRANK FUND** | **AL FRANK FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **INFORMATION TECHNOLOGY — 25.6% (Continued)** |  |
|  | **SOFTWARE - 5.1% (Continued)** |  |
| 3250 | Microsoft Corporation | &nbsp;&nbsp;&nbsp; $1683338 |
| 4000 | Oracle Corporation | &nbsp;&nbsp;&nbsp; 1124960 |
|  |  | &nbsp;&nbsp; 3659998 |
|  | **TECHNOLOGY HARDWARE - 12.0%** |  |
| 7100 | Apple, Inc. | &nbsp;&nbsp;&nbsp; 1807873 |
| 15500 | Benchmark Electronics, Inc. | &nbsp;&nbsp;&nbsp; 597525 |
| 18000 | Cisco Systems, Inc. | &nbsp;&nbsp;&nbsp; 1231560 |
| 23000 | Corning, Inc. | &nbsp;&nbsp;&nbsp; 1886690 |
| 10000 | NetApp, Inc. | &nbsp;&nbsp;&nbsp; 1184600 |
| 8000 | Seagate Technology Holdings PLC | &nbsp;&nbsp;&nbsp; 1888480 |
|  |  | &nbsp;&nbsp; 8596728 |
|  | **TECHNOLOGY SERVICES - 2.2%** |  |
| 5500 | International Business Machines Corporation | &nbsp;&nbsp;&nbsp; 1551880 |
|  | **TOTAL INFORMATION TECHNOLOGY (Cost $4,575,928)** | &nbsp;&nbsp; 18301962 |
|  | **MATERIALS — 4.3%** |  |
|  | **CHEMICALS - 1.8%** |  |
| 4800 | Albemarle Corporation | &nbsp;&nbsp;&nbsp; 389184 |
| 10000 | Celanese Corporation | &nbsp;&nbsp;&nbsp; 420800 |
| 13000 | Mosaic Company (The) | &nbsp;&nbsp;&nbsp; 450840 |
|  |  | &nbsp;&nbsp; 1260824 |
|  | **CONTAINERS & PACKAGING - 1.3%** |  |
| 20500 | International Paper Company | &nbsp;&nbsp;&nbsp; 951200 |
|  | **METALS & MINING - 1.2%** |  |
| 10000 | Newmont Corporation | &nbsp;&nbsp;&nbsp; 843100 |
|  | **TOTAL MATERIALS (Cost $2,229,645)** | &nbsp;&nbsp; 3055124 |

---

---

| | | |
|:---|:---|:---|
| **AL FRANK FUND** | **AL FRANK FUND** | **AL FRANK FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **REAL ESTATE — 3.4% (Continued)** |  |
|  | **DATA CENTER REIT - 1.4%** |  |
| 5500 | Digital Realty Trust, Inc. | &nbsp;&nbsp;&nbsp; $950840 |
|  | **OFFICE REIT - 0.8%** |  |
| 7000 | Alexandria Real Estate Equities, Inc. | &nbsp;&nbsp;&nbsp; 583380 |
|  | **RETAIL REIT - 1.2%** |  |
| 40000 | Kimco Realty Corporation | &nbsp;&nbsp;&nbsp; 874000 |
|  | **TOTAL REAL ESTATE (Cost $1,694,962)** | &nbsp;&nbsp; 2408220 |
|  | **TOTAL COMMON STOCKS (Cost $28,153,920)** | 68809964 |
|  | **SHORT-TERM INVESTMENTS — 3.8%** |  |
|  | **MONEY MARKET FUNDS - 3.8%** |  |
| 2733416 | Fidelity Government Portfolio, Class I, 4.04% (Cost $2,733,416)<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 2733416 |
|  | **TOTAL INVESTMENTS - 100.0% (Cost $30,887,336)** | &nbsp;&nbsp;&nbsp; $71543380 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES - 0.0%**<sup>(c)</sup> | &nbsp;&nbsp; 6791 |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $71550171 |

---

---

| | |
|:---|:---|
| ADR | - American Depositary Receipt |
| PLC | - Public Limited Company |
| REIT | - Real Estate Investment Trust |

---

(a) - Non-income
 producing security

(b) - Rate disclosed is the seven day effective yield as of September 30, 2025.

(c) - Amount represents less
 than 0.05%.

## 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:** Al Frank Fund

- **b. EDGAR series identifier (if any):** S000039632

- **c. LEI of Series:** 549300DVLM0F0XR38387

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

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

- **b. Date as of which information is reported:** 2025-09-30

**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:** $71871913.15

**Total Liabilities:** $321741.70

**Net Assets:** $71550171.45

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000122237 | 1.33%                | 4.22%                | 4.43%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $388362.70               | $465844.19                                 |
| Month 2  | $619692.58               | $2085182.76                                |
| Month 3  | $2032812.62              | $969230.24                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CVS Health Corp                       | CVS HEALTH CORP  | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |     11000 | NS      | $829290.00    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| EnerSys                               | ENERSYS          | CUSIP: 29275Y102<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | EC               | CORP              | US        |      6500 | NS      | $734240.00    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ManpowerGroup Inc.                    | MANPOWERGROUP IN | CUSIP: 56418H100<br>LEI: ERO1WSFOSR0JJ6CRQ987 | Long             | EC               | CORP              | US        |     12000 | NS      | $454800.00    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                          | ORACLE CORP      | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |      4000 | NS      | $1124960.00   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Company                       | DEERE & CO       | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |      1452 | NS      | $663941.52    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohu Inc                              | COHU INC         | CUSIP: 192576106<br>LEI: 529900FJPORJ3JJ2XS33 | Long             | EC               | CORP              | US        |     47480 | NS      | $965268.40    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimmer Biomet Holdings Inc            | ZIMMER BIOMET HO | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |      5000 | NS      | $492500.00    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corporation                   | NEWMONT CORP     | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     10000 | NS      | $843100.00    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc.             | DIGITAL REALTY   | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |      5500 | NS      | $950840.00    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                  | JPMORGAN CHASE   | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      7000 | NS      | $2208010.00   | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings PLC       | SEAGATE TECHNOLO | CUSIP: G7997R103<br>LEI: 635400RUXIFEZSRU8X70 | Long             | EC               | CORP              | IE        |      8000 | NS      | $1888480.00   | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health, Inc.                 | CARDINAL HEALTH  | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |      6000 | NS      | $941760.00    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                           | WALMART INC      | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     11000 | NS      | $1133660.00   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc.                    | EOG RESOURCES    | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     11500 | NS      | $1289380.00   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer-Daniels-Midland Co.            | ARCHER-DANIELS   | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |     10750 | NS      | $642205.00    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Paypal Holdings Inc.                  | PAYPAL HOLDINGS  | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |      6500 | NS      | $435890.00    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc.             | GOLDMAN SACHS GP | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      2325 | NS      | $1851513.75   | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp.                | TRUIST FINANCIAL | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |     22000 | NS      | $1005840.00   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corporation                     | INTEL CORP       | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |     27515 | NS      | $923128.25    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp. | IBM              | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      5500 | NS      | $1551880.00   | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Colchester Street Trust      | FID-MM GOVT-I    | CUSIP: 316175108<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |   2733416 | PA      | $2733415.56   | 3.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                         | MEDTRONIC PLC    | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |      7000 | NS      | $666680.00    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                      | TOTALENER-SP ADR | CUSIP: 89151E109<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |     16000 | NS      | $955040.00    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Company          | BRISTOL-MYER SQB | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     18495 | NS      | $834124.50    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                   | ABBOTT LABS      | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |      7750 | NS      | $1038035.00   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc.                          | CUMMINS INC      | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |      3500 | NS      | $1478295.00   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Benchmark Electronics, Inc.           | BENCHMARK ELECTR | CUSIP: 08160H101<br>LEI: 549300W18RHYZOZKOP53 | Long             | EC               | CORP              | US        |     15500 | NS      | $597525.00    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| American Eagle Outfitters Inc.        | AMER EAGLE OUTF  | CUSIP: 02553E106<br>LEI: 5299001Z9HXK01DHW793 | Long             | EC               | CORP              | US        |     24000 | NS      | $410640.00    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential Financial, Inc.            | PRUDENTL FINL    | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |     11500 | NS      | $1193010.00   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimco Realty Corporation              | KIMCO REALTY     | CUSIP: 49446R109<br>LEI: 254900ARY41P4V1JL861 | Long             | EC               | CORP              | US        |     40000 | NS      | $874000.00    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                       | CATERPILLAR INC  | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |      2700 | NS      | $1288305.00   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning Incorporated                  | CORNING INC      | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |     23000 | NS      | $1886690.00   | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Abercrombie & Fitch Co                | ABERCROMBIE & FI | CUSIP: 002896207<br>LEI: 5493000J7LL72TOGT983 | Long             | EC               | CORP              | US        |      3500 | NS      | $299425.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corporation                     | FEDEX CORP       | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |      3000 | NS      | $707430.00    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                         | ALPHABET INC-C   | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      7000 | NS      | $1704850.00   | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corporation PLC                 | EATON CORP PLC   | CUSIP: G29183103<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |      3500 | NS      | $1309875.00   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Whirlpool Corp.                       | WHIRLPOOL CORP   | CUSIP: 963320106<br>LEI: WHENKOULSSK7WUM60H03 | Long             | EC               | CORP              | US        |      7000 | NS      | $550200.00    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corporation          | ENCOMPASS HEALTH | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |         1 | NS      | $127.02       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| International Paper Co.               | INTL PAPER CO    | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |     20500 | NS      | $951200.00    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group Inc.     | PNC FINANCIAL SE | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |      6000 | NS      | $1205580.00   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp.           | CAPITAL ONE FINA | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |      8000 | NS      | $1700640.00   | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Company                   | WALT DISNEY CO/T | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |      9000 | NS      | $1030500.00   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                       | MICROSOFT CORP   | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      3250 | NS      | $1683337.50   | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc.                         | QUALCOMM INC     | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |      6000 | NS      | $998160.00    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corporation              | LAM RESEARCH     | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |     12000 | NS      | $1606800.00   | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc.                           | PFIZER INC       | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     20000 | NS      | $509600.00    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Meritage Homes Corp                   | MERITAGE HOMES C | CUSIP: 59001A102<br>LEI: 52990044W9UMFJO2FB97 | Long             | EC               | CORP              | US        |      5500 | NS      | $398365.00    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Company                | GENERAL MOTORS C | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |     22500 | NS      | $1371825.00   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Gen Digital Inc                       | GEN DIGITAL INC  | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |     30000 | NS      | $851700.00    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc                      | MERCK & CO       | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |      7000 | NS      | $587510.00    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                   | CISCO SYSTEMS    | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     18000 | NS      | $1231560.00   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife Inc.                          | METLIFE INC      | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |     15500 | NS      | $1276735.00   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Albemarle Corp                        | ALBEMARLE CORP   | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EC               | CORP              | US        |      4800 | NS      | $389184.00    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corporation           | LOCKHEED MARTIN  | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      2300 | NS      | $1148183.00   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equities, Inc. | ALEXANDRIA REAL  | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |      7000 | NS      | $583380.00    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                     | JOHNSON&JOHNSON  | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      5600 | NS      | $1038352.00   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                            | APPLE INC        | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      7100 | NS      | $1807873.00   | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp Inc.                           | NETAPP INC       | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |     10000 | NS      | $1184600.00   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corp.                          | TARGET CORP      | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |      5000 | NS      | $448500.00    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                     | EXXON MOBIL CORP | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     11000 | NS      | $1240250.00   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                 | BANK OF AMERICA  | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     28000 | NS      | $1444520.00   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corporation          | NORFOLK SOUTHERN | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |      4250 | NS      | $1276742.50   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Celanese Corporation                  | CELANESE CORP    | CUSIP: 150870103<br>LEI: 549300FHJQTDPPN41627 | Long             | EC               | CORP              | US        |     10000 | NS      | $420800.00    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp                   | FIFTH THIRD BANC | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |     32000 | NS      | $1425600.00   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods, Inc.                     | TYSON FOODS-A    | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |      9650 | NS      | $523995.00    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| The Mosaic Company                    | MOSAIC CO/THE    | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |     13000 | NS      | $450840.00    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corporation                   | COMCAST CORP-A   | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     20000 | NS      | $628400.00    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc.                            | AMGEN INC        | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      3000 | NS      | $846600.00    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                    | META PLATFORMS-A | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      1825 | NS      | $1340243.50   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc.           | VERIZON COMMUNIC | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     11000 | NS      | $483450.00    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-28

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

**Signature:** Erik Naviloff

**Name of Signer:** Erik Naviloff

**Title:** Treasurer