# EDGAR Filing Document

**Accession Number:** 0001518042
**File Stem:** 0001752724-25-174685
**Filing Date:** 2025-7
**Character Count:** 14082
**Document Hash:** 7b919c4e0b2991394385e61fc131ab7d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-174685.hdr.sgml**: 20250723

**ACCESSION NUMBER**: 0001752724-25-174685

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250723

**DATE AS OF CHANGE**: 20250723

**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:** 251142339

**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:** 2025-05-31

**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:** $33671952.47

**Total Liabilities:** $66023.14

**Net Assets:** $33605929.33

**Cash Not Reported:** $510625.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 285.09597300 | **1-Year:** 766.55283600 | **5-Year:** 620.32440000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 72.04838000 | **1-Year:** 1346.25302000 | **5-Year:** 1399.75883100 | **10-Year:** 91.29247600 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000142876 | -0.49%               | 0.05%                | 0.38%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-300215.76                                |
| Month 2  | $0.00                    | $-130620.06                                |
| Month 3  | $-264926.45              | $292970.24                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Energizer Holdings Inc                       | ENR 6 1/2 12/31/27     | CUSIP: 29272WAF6<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1208874.00   | 3.60%             | 2027-12-31      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Ford Motor Company                           | F 7 1/8 11/15/25       | CUSIP: 345370BN9<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1358250.20   | 4.04%             | 2025-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Steelcase Inc                                | SCS 5 1/8 01/18/29     | CUSIP: 858155AE4<br>LEI: GIE4CCPBJDI8SMV1OX95 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1360548.00   | 4.05%             | 2029-01-18      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Ball Corporation                             | BALL 5 1/4 07/01/25    | CUSIP: 058498AT3<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1203490.80   | 3.58%             | 2025-07-01      | Fixed         | 5.25%                 | 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      | $1001091.00   | 2.98%             | 2027-05-15      | Fixed         | 5.50%                 | No            |                  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      | $1400428.12   | 4.17%             | 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      | $819058.25    | 2.44%             | 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      | $1513441.44   | 4.50%             | 2026-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wendy's International Inc.                   | WEN 7 12/15/25         | CUSIP: 950590AG4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1471000 | PA      | $1470297.01   | 4.38%             | 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      | $1388654.13   | 4.13%             | 2028-04-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Lazard Group LLC                             | LAZ 3 5/8 03/01/27     | CUSIP: 52107QAH8<br>LEI: FI94J2CJ1D7BIGVMS874 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1223565.91   | 3.64%             | 2027-03-01      | Fixed         | 3.62%                 | 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      | $1443580.05   | 4.30%             | 2026-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Interface, Inc.                              | TILE 5 1/2 12/01/28    | CUSIP: 458665AS5<br>LEI: 549300VXZWQOIDFPU355 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $987174.90    | 2.94%             | 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      | $193039.86    | 0.57%             | 2028-06-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Mellon Capital IV                            | BK Float PERP          | CUSIP: 58551TAA5<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    250000 | PA      | $209039.03    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| LXP Industrial Trust                         | LEXINGTON REALTY TRUST | CUSIP: 529043309<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EP               | CORP              | US        |      8500 | NS      | $394315.00    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR Properties                               | EPR 5 3/4 PERP         | CUSIP: 26884U208<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EP               | CORP              | US        |     31000 | NS      | $759190.00    | 2.26%             |  |  |  | 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      | $1441605.20   | 4.29%             | 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        |   1050000 | PA      | $1035202.98   | 3.08%             | 2028-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ACCO Brands Corporation                      | ACCO 4 1/4 03/15/29    | CUSIP: 00081TAK4<br>LEI: JCT8P4Y190IH4I1NX328 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1326602.25   | 3.95%             | 2029-03-15      | Fixed         | 4.25%                 | Yes           |                  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      | $1460257.08   | 4.35%             | 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      | $1435474.94   | 4.27%             | 2029-06-06      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                              | TDG 5 1/2 11/15/27     | CUSIP: 893647BL0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999428.17    | 2.97%             | 2027-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Hercules Capital Inc                         | HTGC 2 5/8 09/16/26    | CUSIP: 427096AH5<br>LEI: 549300UJ5OC256GR2B73 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1441046.49   | 4.29%             | 2026-09-16      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                 | T 5 09/30/25           | CUSIP: 91282CJB8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $1002015.26   | 2.98%             | 2025-09-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                        | BAC 5.9186 PERP        | CUSIP: 060505815<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |     29000 | NS      | $636260.00    | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.                    | FIRST AM-TR OB-X       | CUSIP: 31846V328<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   3303418 | PA      | $3303417.51   | 9.83%             |  |  |  | No            |                  1 | 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        |    600000 | PA      | $599369.16    | 1.78%             | 2032-02-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-27

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

**Signature:** Erik Naviloff

**Name of Signer:** Erik Naviloff

**Title:** Treasurer