# EDGAR Filing Document

**Accession Number:** 0001518042
**File Stem:** 0000910472-26-005951
**Filing Date:** 2026-4
**Character Count:** 52265
**Document Hash:** d536cd303fb8921852ef277ed34a5533
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-005951.hdr.sgml**: 20260428

**ACCESSION NUMBER**: 0000910472-26-005951

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260428

**DATE AS OF CHANGE**: 20260428

**PERIOD START**: 20260531

**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:** 26904656

**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

### One Global ETF (Series ID: S000072561)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000228894 | One Global ETF | FFND            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **ONE GLOBAL ETF** | **ONE GLOBAL ETF** | **ONE GLOBAL ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 95.6%** |  |
|  | **AEROSPACE & DEFENSE - 8.6%** |  |
| 3424 | AeroVironment, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $863704 |
| 13850 | Airbus S.E. - ADR | &nbsp;&nbsp;&nbsp; 750255 |
| 12403 | BAE Systems plc - ADR | &nbsp;&nbsp;&nbsp; 1438747 |
| 10609 | Embraer S.A. - ADR | &nbsp;&nbsp;&nbsp; 766182 |
| 3450 | General Dynamics Corporation | &nbsp;&nbsp;&nbsp; 1231823 |
| 7896 | Mercury Systems, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 702981 |
| 59025 | Rolls-Royce Holdings plc - ADR | &nbsp;&nbsp;&nbsp; 1099046 |
| 9978 | Safran S.A. - ADR | &nbsp;&nbsp;&nbsp; 1003787 |
|  |  | &nbsp;&nbsp; 7856525 |
|  | **APPAREL & TEXTILE PRODUCTS - 1.0%** |  |
| 15153 | NIKE, Inc., Class B | &nbsp;&nbsp;&nbsp; 942214 |
|  | **ASSET MANAGEMENT - 4.6%** |  |
| 13974 | AllianceBernstein Holding, L.P. | &nbsp;&nbsp;&nbsp; 548619 |
| 755 | Blackrock, Inc. | &nbsp;&nbsp;&nbsp; 802739 |
| 10351 | Charles Schwab Corporation (The) | &nbsp;&nbsp;&nbsp; 985415 |
| 2549 | LPL Financial Holdings, Inc. | &nbsp;&nbsp;&nbsp; 765669 |
| 26545 | UBS Group A.G. | &nbsp;&nbsp;&nbsp; 1099759 |
|  |  | &nbsp;&nbsp; 4202201 |
|  | **AUTOMOTIVE - 1.1%** |  |
| 8004 | Lear Corporation | &nbsp;&nbsp;&nbsp; 1050525 |
|  | **BANKING - 4.2%** |  |
| 19644 | Bank of America Corporation | &nbsp;&nbsp;&nbsp; 978861 |
| 8504 | Citigroup, Inc. | &nbsp;&nbsp;&nbsp; 937056 |
| 2626 | Credicorp Ltd. | &nbsp;&nbsp;&nbsp; 909594 |
| 3674 | JPMorgan Chase & Company | &nbsp;&nbsp;&nbsp; 1103301 |
|  |  | &nbsp;&nbsp; 3928812 |
|  | **BEVERAGES - 1.6%** |  |
| 14025 | Celsius Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 751880 |
| 6308 | Fomento Economico Mexicano S.A.B. de C.V. - ADR | &nbsp;&nbsp;&nbsp; 708515 |
|  |  | &nbsp;&nbsp; 1460395 |
|  | **BIOTECH & PHARMA - 6.4%** |  |
| 1085 | Argenx S.E. - ADR<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 832108 |

---

---

| | | |
|:---|:---|:---|
| **ONE GLOBAL ETF** | **ONE GLOBAL ETF** | **ONE GLOBAL ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 95.6% (Continued)** |  |
|  | **BIOTECH & PHARMA - 6.4% (Continued)** |  |
| 17352 | Galderma Group A.G. - ADR | &nbsp;&nbsp;&nbsp; $657294 |
| 3623 | Gilead Sciences, Inc. | &nbsp;&nbsp;&nbsp; 539646 |
| 15898 | Halozyme Therapeutics, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1105388 |
| 4901 | Johnson & Johnson | &nbsp;&nbsp;&nbsp; 1217555 |
| 3137 | Vertex Pharmaceuticals, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1558555 |
|  |  | &nbsp;&nbsp; 5910546 |
|  | **CHEMICALS - 0.7%** |  |
| 15297 | Air Liquide S.A. - ADR | &nbsp;&nbsp;&nbsp; 642474 |
|  | **CONSTRUCTION MATERIALS - 0.8%** |  |
| 8674 | Knife River Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 771813 |
|  | **DATA CENTER REIT - 1.3%** |  |
| 1246 | Equinix, Inc. | &nbsp;&nbsp;&nbsp; 1213928 |
|  | **E-COMMERCE DISCRETIONARY - 3.5%** |  |
| 5150 | Alibaba Group Holding Ltd. - ADR | &nbsp;&nbsp;&nbsp; 742167 |
| 11738 | Amazon.com, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2464981 |
|  |  | &nbsp;&nbsp; 3207148 |
|  | **ELECTRIC UTILITIES - 1.9%** |  |
| 17252 | Dominion Energy, Inc. | &nbsp;&nbsp;&nbsp; 1089291 |
| 7064 | National Grid plc - ADR | &nbsp;&nbsp;&nbsp; 662391 |
|  |  | &nbsp;&nbsp; 1751682 |
|  | **ELECTRICAL EQUIPMENT - 2.1%** |  |
| 4337 | BWX Technologies, Inc. | &nbsp;&nbsp;&nbsp; 893335 |
| 16193 | Schneider Electric S.E. - ADR | &nbsp;&nbsp;&nbsp; 1055946 |
|  |  | &nbsp;&nbsp; 1949281 |
|  | **ENGINEERING & CONSTRUCTION - 1.0%** |  |
| 25104 | Tetra Tech, Inc. | &nbsp;&nbsp;&nbsp; 899727 |
|  | **HEALTH CARE FACILITIES & SERVICES - 1.3%** |  |
| 6820 | GeneDx Holdings Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 543622 |
| 9054 | HealthEquity, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 692541 |
|  |  | &nbsp;&nbsp; 1236163 |

---

---

| | | |
|:---|:---|:---|
| **ONE GLOBAL ETF** | **ONE GLOBAL ETF** | **ONE GLOBAL ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 95.6% (Continued)** |  |
|  | **HOME CONSTRUCTION - 0.7%** |  |
| 4106 | DR Horton, Inc. | &nbsp;&nbsp;&nbsp; $658561 |
|  | **HOUSEHOLD PRODUCTS - 1.9%** |  |
| 67015 | Haleon plc - ADR | &nbsp;&nbsp;&nbsp; 741856 |
| 14329 | Unilever plc - ADR | &nbsp;&nbsp;&nbsp; 1056763 |
|  |  | &nbsp;&nbsp; 1798619 |
|  | **INSTITUTIONAL FINANCIAL SERVICES - 1.7%** |  |
| 14423 | Lazard, Inc. | &nbsp;&nbsp;&nbsp; 729804 |
| 27395 | London Stock Exchange Group plc - ADR | &nbsp;&nbsp;&nbsp; 820480 |
|  |  | &nbsp;&nbsp; 1550284 |
|  | **INSURANCE - 1.6%** |  |
| 2182 | Aon PLC, Class A | &nbsp;&nbsp;&nbsp; 731996 |
| 10351 | MetLife, Inc. | &nbsp;&nbsp;&nbsp; 745996 |
|  |  | &nbsp;&nbsp; 1477992 |
|  | **INTERNET MEDIA & SERVICES - 8.8%** |  |
| 7965 | Alphabet, Inc., Class A<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 2483169 |
| 6564 | Baidu, Inc. - ADR<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 816824 |
| 5168 | DoorDash, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 911997 |
| 2045 | Meta Platforms, Inc., Class A | &nbsp;&nbsp;&nbsp; 1325528 |
| 9966 | Netflix, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 959128 |
| 2064 | Spotify Technology S.A.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1062836 |
| 6343 | Uber Technologies, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 478389 |
|  |  | &nbsp;&nbsp; 8037871 |
|  | **LEISURE FACILITIES & SERVICES - 2.7%** |  |
| 27443 | DraftKings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 654241 |
| 35000 | Norwegian Cruise Line Holdings Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 867650 |
| 57694 | Super Group SGHC Ltd. | &nbsp;&nbsp;&nbsp; 617326 |
| 55781 | Wynn Macau Ltd. - ADR | &nbsp;&nbsp;&nbsp; 401065 |
|  |  | &nbsp;&nbsp; 2540282 |
|  | **LEISURE PRODUCTS - 0.9%** |  |
| 19248 | YETI Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 841330 |
|  | **MACHINERY - 1.6%** |  |
| 1212 | Caterpillar, Inc. | &nbsp;&nbsp;&nbsp; 900310 |

---

---

| | | |
|:---|:---|:---|
| **ONE GLOBAL ETF** | **ONE GLOBAL ETF** | **ONE GLOBAL ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 95.6% (Continued)** |  |
|  | **MACHINERY - 1.6% (Continued)** |  |
| 15261 | Smiths Group plc - ADR | &nbsp;&nbsp;&nbsp; $573203 |
|  |  | &nbsp;&nbsp; 1473513 |
|  | **MEDICAL EQUIPMENT & DEVICES - 3.5%** |  |
| 6516 | Abbott Laboratories | &nbsp;&nbsp;&nbsp; 758137 |
| 41387 | ConvaTec Group plc - ADR | &nbsp;&nbsp;&nbsp; 573624 |
| 9865 | Edwards Lifesciences Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 853027 |
| 2005 | Thermo Fisher Scientific, Inc. | &nbsp;&nbsp;&nbsp; 1044825 |
|  |  | &nbsp;&nbsp; 3229613 |
|  | **OIL & GAS PRODUCERS - 3.4%** |  |
| 22183 | BP PLC - ADR | &nbsp;&nbsp;&nbsp; 862031 |
| 5705 | Chevron Corporation | &nbsp;&nbsp;&nbsp; 1065466 |
| 8097 | Exxon Mobil Corporation | &nbsp;&nbsp;&nbsp; 1234792 |
|  |  | &nbsp;&nbsp; 3162289 |
|  | **OIL & GAS SERVICES & EQUIPMENT - 1.2%** |  |
| 16557 | TechnipFMC plc | &nbsp;&nbsp;&nbsp; 1097895 |
|  | **RETAIL - CONSUMER STAPLES - 1.0%** |  |
| 6757 | Walmart, Inc. | &nbsp;&nbsp;&nbsp; 864558 |
|  | **RETAIL - DISCRETIONARY - 2.4%** |  |
| 10883 | Floor & Decor Holdings, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 751906 |
| 2214 | Home Depot, Inc. (The) | &nbsp;&nbsp;&nbsp; 842914 |
| 3714 | RH<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 615447 |
|  |  | &nbsp;&nbsp; 2210267 |
|  | **SEMICONDUCTORS - 10.2%** |  |
| 2325 | Applied Materials, Inc. | &nbsp;&nbsp;&nbsp; 865598 |
| 4000 | Broadcom, Inc. | &nbsp;&nbsp;&nbsp; 1278200 |
| 2000 | Coherent Corp.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 517860 |
| 19343 | NVIDIA Corporation | &nbsp;&nbsp;&nbsp; 3427387 |
| 11000 | ON Semiconductor Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 731280 |
| 2500 | Onto Innovation, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 539725 |
| 4048 | Taiwan Semiconductor Manufacturing Company Ltd. - ADR | &nbsp;&nbsp;&nbsp; 1516300 |
| 5844 | Universal Display Corporation | &nbsp;&nbsp;&nbsp; 623496 |
|  |  | &nbsp;&nbsp; 9499846 |

---

---

| | | |
|:---|:---|:---|
| **ONE GLOBAL ETF** | **ONE GLOBAL ETF** | **ONE GLOBAL ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 95.6% (Continued)** |  |
|  | **SOFTWARE - 2.1%** |  |
| 2968 | Microsoft Corporation | &nbsp;&nbsp;&nbsp; $1165652 |
| 5274 | Palo Alto Networks, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 785404 |
|  |  | &nbsp;&nbsp; 1951056 |
|  | **TECHNOLOGY HARDWARE - 8.0%** |  |
| 13560 | Apple, Inc. | &nbsp;&nbsp;&nbsp; 3582282 |
| 9494 | Cisco Systems, Inc. | &nbsp;&nbsp;&nbsp; 754393 |
| 1948 | InterDigital, Inc. | &nbsp;&nbsp;&nbsp; 714000 |
| 45535 | Nintendo Company Ltd. - ADR | &nbsp;&nbsp;&nbsp; 640222 |
| 11000 | Pure Storage, Inc., CLASS A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 706420 |
| 38661 | Sony Group Corporation - ADR | &nbsp;&nbsp;&nbsp; 891523 |
|  |  | &nbsp;&nbsp; 7288840 |
|  | **TECHNOLOGY SERVICES - 2.0%** |  |
| 14154 | Block, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 901610 |
| 2932 | Visa, Inc., Class A | &nbsp;&nbsp;&nbsp; 938650 |
|  |  | &nbsp;&nbsp; 1840260 |
|  | **TELECOMMUNICATIONS - 1.8%** |  |
| 10805 | Millicom International Cellular S.A. | &nbsp;&nbsp;&nbsp; 787576 |
| 4002 | T-Mobile US, Inc. | &nbsp;&nbsp;&nbsp; 868794 |
|  |  | &nbsp;&nbsp; 1656370 |
|  | **TOTAL COMMON STOCKS (Cost $80,673,719)** | &nbsp;&nbsp; 88202880 |
|  | **TOTAL INVESTMENTS - 95.6% (Cost $80,673,719)** | &nbsp;&nbsp;&nbsp; $88202880 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES- 4.4%** | &nbsp;&nbsp; 4061025 |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $92263905 |

---

<sup>(a)</sup> Non-income producing security. <br> <sup>(b)</sup> All or a portion of this security is held as collateral.

---

| | | |
|:---|:---|:---|
| **THE FUTURE FUND LONG/SHORT ETF** | **THE FUTURE FUND LONG/SHORT ETF** | **THE FUTURE FUND LONG/SHORT ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 65.6%** |  |
|  | **AEROSPACE & DEFENSE - 6.8%** |  |
| 10861 | Embraer S.A. - ADR<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;$784381 |
| 32590 | Rolls-Royce Holdings plc - ADR<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;606826 |
| 13036 | Safran S.A. - ADR<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;1311422 |
|  |  | &nbsp;&nbsp;&nbsp;2702629 |
|  | **ASSET MANAGEMENT - 1.9%** |  |
| 2518 | LPL Financial Holdings, Inc. <sup>(b)</sup> | &nbsp;&nbsp;&nbsp;756357 |
|  | **BIOTECH & PHARMA - 5.2%** |  |
| 17728 | Halozyme Therapeutics, Inc.<sup>(a), (b)</sup> | &nbsp;&nbsp;&nbsp;1232628 |
| 1677 | Vertex Pharmaceuticals, Inc.<sup>(a), (b)</sup> | &nbsp;&nbsp;&nbsp;833184 |
|  |  | &nbsp;&nbsp;&nbsp;2065812 |
|  | **DATA CENTER REIT - 3.0%** |  |
| 1228 | Equinix, Inc. <sup>(b)</sup> | &nbsp;&nbsp;&nbsp;1196391 |
|  | **E-COMMERCE DISCRETIONARY - 4.6%** |  |
| 5177 | Alibaba Group Holding Ltd. - ADR<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;746057 |
| 5261 | Amazon.com, Inc.<sup>(a), (b)</sup> | &nbsp;&nbsp;&nbsp;1104811 |
|  |  | &nbsp;&nbsp;&nbsp;1850868 |
|  | **ENGINEERING & CONSTRUCTION - 1.6%** |  |
| 17808 | Tetra Tech, Inc. <sup>(b)</sup> | &nbsp;&nbsp;&nbsp;638239 |
|  | **HEALTH CARE FACILITIES & SERVICES - 1.9%** |  |
| 9618 | HealthEquity, Inc.<sup>(a), (b)</sup> | &nbsp;&nbsp;&nbsp;735681 |
|  | **INTERNET MEDIA & SERVICES - 11.5%** |  |
| 4447 | Alphabet, Inc., Class A<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;1386398 |
| 4716 | Baidu, Inc. - ADR<sup>(a), (b)</sup> | &nbsp;&nbsp;&nbsp;586859 |
| 1817 | DoorDash, Inc., Class A<sup>(a), (b)</sup> | &nbsp;&nbsp;&nbsp;320646 |
| 856 | Meta Platforms, Inc., Class A<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;554842 |
| 8218 | Netflix, Inc.<sup>(a), (b)</sup> | &nbsp;&nbsp;&nbsp;790900 |
| 12158 | Uber Technologies, Inc.<sup>(a), (b)</sup> | &nbsp;&nbsp;&nbsp;916956 |
|  |  | &nbsp;&nbsp;&nbsp;4556601 |
|  | **LEISURE FACILITIES & SERVICES - 2.1%** |  |
| 34356 | DraftKings, Inc.<sup>(a), (b)</sup> | &nbsp;&nbsp;&nbsp;819047 |

---

---

| | | |
|:---|:---|:---|
| **THE FUTURE FUND LONG/SHORT ETF** | **THE FUTURE FUND LONG/SHORT ETF** | **THE FUTURE FUND LONG/SHORT ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 65.6% (Continued)** |  |
|  | **LEISURE PRODUCTS - 2.0%** |  |
| 17733 | YETI Holdings, Inc.<sup>(a), (b)</sup> | &nbsp;&nbsp;&nbsp;$775109 |
|  | **MEDICAL EQUIPMENT & DEVICES - 3.6%** |  |
| 16456 | Edwards Lifesciences Corporation<sup>(a), (b)</sup> | &nbsp;&nbsp;&nbsp;1422950 |
|  | **OIL & GAS SERVICES & EQUIPMENT - 2.7%** |  |
| 16295 | TechnipFMC plc<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;1080521 |
|  | **RETAIL - DISCRETIONARY - 2.5%** |  |
| 14129 | Floor & Decor Holdings, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;976173 |
|  | **SEMICONDUCTORS - 9.6%** |  |
| 2046 | Broadcom, Inc. | &nbsp;&nbsp;&nbsp;653799 |
| 2094 | Coherent Corp.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;542199 |
| 8072 | NVIDIA Corporation <sup>(b)</sup> | &nbsp;&nbsp;&nbsp;1430278 |
| 10354 | ON Semiconductor Corporation<sup>(a), (b)</sup> | &nbsp;&nbsp;&nbsp;688334 |
| 5116 | Rambus, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;509861 |
|  |  | &nbsp;&nbsp;&nbsp;3824471 |
|  | **SOFTWARE - 3.3%** |  |
| 2046 | Datadog, Inc., Class A<sup>(a), (b)</sup> | &nbsp;&nbsp;&nbsp;229070 |
| 7222 | Palo Alto Networks, Inc.<sup>(a), (b)</sup> | &nbsp;&nbsp;&nbsp;1075500 |
|  |  | &nbsp;&nbsp;&nbsp;1304570 |
|  | **TECHNOLOGY HARDWARE - 1.0%** |  |
| 6140 | Pure Storage, Inc., CLASS A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;394311 |

---

---

| | | |
|:---|:---|:---|
| **THE FUTURE FUND LONG/SHORT ETF** | **THE FUTURE FUND LONG/SHORT ETF** | **THE FUTURE FUND LONG/SHORT ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 65.6% (Continued)** |  |
|  | **TECHNOLOGY SERVICES - 2.3% (Continued)** |  |
| 14112 | Block, Inc.<sup>(a), (b)</sup> | $898934 |
|  | **TOTAL COMMON STOCKS (Cost $22,756,753)** | &nbsp;&nbsp;&nbsp;25998664 |
|  | **TOTAL INVESTMENTS - 65.6% (Cost $22,756,753)** | &nbsp;&nbsp;&nbsp;$25998664 |
|  | **TOTAL SECURITIES SOLD SHORT – (41.8)% (Proceeds - $14,964,245)** | &nbsp;&nbsp;&nbsp; (16558380) |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES – 76.2%** | &nbsp;&nbsp;&nbsp;30120736 |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp;&nbsp;$39561020 |

---

---

| | | |
|:---|:---|:---|
| **SCHEDULE OF SECURITIES SOLD SHORT (Unaudited)** | **SCHEDULE OF SECURITIES SOLD SHORT (Unaudited)** | **SCHEDULE OF SECURITIES SOLD SHORT (Unaudited)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **BUSINESS DEVELOPMENT COMPANIES — (2.6)%** |  |
|  | **ASSET MANAGEMENT - (2.6)%** |  |
| (56000) | Ares Capital Corporation | &nbsp;&nbsp;&nbsp;$(1042720) |
|  | **COMMON STOCKS — (39.2)%** |  |
|  | **BANKING - (4.5)%** |  |
| (16000) | Banco Latinoamericano de Comercio Exterior S.A., Class E | &nbsp;&nbsp;&nbsp; (800480) |
| (11000) | Cathay General Bancorp | &nbsp;&nbsp;&nbsp; (546810) |
| (4000) | East West Bancorp, Inc. | &nbsp;&nbsp;&nbsp; (437800) |
|  |  | &nbsp;&nbsp;&nbsp; (1785090) |
|  | **COMMERCIAL SUPPORT SERVICES - (3.4)%** |  |
| (20000) | H&R Block, Inc. | &nbsp;&nbsp;&nbsp; (612400) |
| (30000) | Robert Half International, Inc. | &nbsp;&nbsp;&nbsp; (732600) |
|  |  | &nbsp;&nbsp;&nbsp; (1345000) |
|  | **ELECTRICAL EQUIPMENT - (1.0)%** |  |
| (1500) | Vertiv Holdings Company, Class A | &nbsp;&nbsp;&nbsp; (382335) |

---

---

| | | |
|:---|:---|:---|
| **THE FUTURE FUND LONG/SHORT ETF** | **THE FUTURE FUND LONG/SHORT ETF** | **THE FUTURE FUND LONG/SHORT ETF** |
| **SCHEDULE OF SECURITIES SOLD SHORT (Unaudited) (Continued)** | **SCHEDULE OF SECURITIES SOLD SHORT (Unaudited) (Continued)** | **SCHEDULE OF SECURITIES SOLD SHORT (Unaudited) (Continued)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — (39.2)% (Continued)** |  |
|  | **ENGINEERING & CONSTRUCTION - (3.0)%** |  |
| (2100) | Quanta Services, Inc. | &nbsp;&nbsp;&nbsp;$(1182468) |
|  | **ENTERTAINMENT CONTENT - (1.4)%** |  |
| (8000) | ROBLOX Corporation, Class A | &nbsp;&nbsp;&nbsp; (549280) |
|  | **HEALTH CARE FACILITIES & SERVICES - (6.7)%** |  |
| (4000) | Charles River Laboratories International, Inc. | &nbsp;&nbsp;&nbsp; (713960) |
| (3000) | Cigna Group (The) | &nbsp;&nbsp;&nbsp; (869460) |
| (2000) | HCA Healthcare, Inc. | &nbsp;&nbsp;&nbsp; (1059400) |
|  |  | &nbsp;&nbsp;&nbsp; (2642820) |
|  | **INSTITUTIONAL FINANCIAL SERVICES - (1.1)%** |  |
| (2500) | Coinbase Global, Inc., Class A | &nbsp;&nbsp;&nbsp; (439625) |
|  | **INTERNET MEDIA & SERVICES - (1.8)%** |  |
| (23000) | Match Group, Inc. | &nbsp;&nbsp;&nbsp; (726800) |
|  | **SEMICONDUCTORS - (2.5)%** |  |
| (3000) | Advanced Micro Devices, Inc. | &nbsp;&nbsp;&nbsp; (600630) |
| (1000) | Micron Technology, Inc. | &nbsp;&nbsp;&nbsp; (412370) |
|  |  | &nbsp;&nbsp;&nbsp; (1013000) |
|  | **SOFTWARE - (3.6)%** |  |
| (5000) | Palantir Technologies, Inc., Class A | &nbsp;&nbsp;&nbsp; (685950) |
| (1700) | Snowflake, Inc., Class A | &nbsp;&nbsp;&nbsp; (286297) |
| (2500) | Veeva Systems, Inc., Class A | &nbsp;&nbsp;&nbsp; (455025) |
|  |  | &nbsp;&nbsp;&nbsp; (1427272) |
|  | **SPECIALTY FINANCE - (1.6)%** |  |
| (9000) | Synchrony Financial | &nbsp;&nbsp;&nbsp; (621990) |
|  | **TECHNOLOGY HARDWARE - (3.4)%** |  |
| (9000) | Corning, Inc. | &nbsp;&nbsp;&nbsp; (1353420) |
|  | **TECHNOLOGY SERVICES - (5.2)%** |  |
| (4000) | Accenture PLC, Class A | &nbsp;&nbsp;&nbsp; (834880) |
| (8000) | Affirm Holdings, Inc., Class A | &nbsp;&nbsp;&nbsp; (375840) |
| (4000) | Equifax, Inc. | &nbsp;&nbsp;&nbsp; (835840) |
|  |  | &nbsp;&nbsp;&nbsp; (2046560) |
|  | **TOTAL SECURITIES SOLD SHORT - (Proceeds - $14,964,245)** | &nbsp;&nbsp;&nbsp;$(16558380) |
| <br>(a) Non-income producing security.<br> (b) All or a portion of the security is held as collateral. | <br>(a) Non-income producing security.<br> (b) All or a portion of the security is held as collateral. | <br>(a) Non-income producing security.<br> (b) All or a portion of the security is held as collateral. |

---

## 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:** One Global ETF

- **b. EDGAR series identifier (if any):** S000072561

- **c. LEI of Series:** 5493006XE0KB870NJS84

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

- **a. Date of fiscal year-end:** 2026-05-31

- **b. Date as of which information is reported:** 2026-02-28

**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:** $92462707.34

**Total Liabilities:** $198801.96

**Net Assets:** $92263905.38

**Cash Not Reported:** $1444497.61

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000228894 | 0.58%                | 2.43%                | -0.16%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3166554.76              | $-2505440.79                               |
| Month 2  | $1135078.12              | $1157126.43                                |
| Month 3  | $9359.71                 | $-257842.87                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Halozyme Therapeutics Inc                    | HALOZYME THERAPE     | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |     15898 | NS      | $1105387.94   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                            | EXXON MOBIL CORP     | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      8097 | NS      | $1234792.50   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                     | VISA INC-CLASS A     | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      2932 | NS      | $938650.48    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc.                  | LPL FINANCIAL HO     | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |      2549 | NS      | $765668.62    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Norwegian Cruise Line Holdings Ltd           | NORWEGIAN CRUISE     | CUSIP: G66721104<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     35000 | NS      | $867650.00    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                             | AMAZON.COM INC       | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     11738 | NS      | $2464980.00   | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| RH                                           | RH                   | CUSIP: 74967X103<br>LEI: 5493008MTS3OGGMHGK69 | Long             | EC               | CORP              | US        |      3714 | NS      | $615446.94    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Inc.                               | BLACKROCK INC        | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |       755 | NS      | $802738.65    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Knife River Corp.                            | KNIFE RIVER          | CUSIP: 498894104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8674 | NS      | $771812.52    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                               | TECHNIPFMC PLC       | CUSIP: G87110105<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |     16557 | NS      | $1097894.67   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Super Group Sghc Limited                     | SUPER GROUP SGHC     | CUSIP: G8588X103<br>LEI: N/A                  | Long             | EC               | CORP              | GG        |     57694 | NS      | $617325.80    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                                 | NVIDIA CORP          | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     19343 | NS      | $3427386.17   | 3.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Pure Storage Inc                             | PURE STORAGE-A       | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |     11000 | NS      | $706420.00    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc                          | DOMINION ENERGY      | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |     17252 | NS      | $1089291.28   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc                        | UBER TECHNOLOGIE     | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |      6343 | NS      | $478389.06    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| AeroVironment, Inc.                          | AEROVIRONMENT IN     | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Long             | EC               | CORP              | US        |      3424 | NS      | $863704.00    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| D.R. Horton, Inc.                            | DR HORTON INC        | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |      4106 | NS      | $658561.34    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                                  | WALMART INC          | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |      6757 | NS      | $864558.15    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc.                        | BWX TECHNOLOGIES     | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |      4337 | NS      | $893335.26    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Argenx SE                                    | ARGENX SE - ADR      | CUSIP: 04016X101<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |      1085 | NS      | $832108.20    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                                | ALPHABET INC-A       | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      7965 | NS      | $2483168.40   | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                                      | AON PLC-CLASS A      | CUSIP: G0403H108<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | IE        |      2182 | NS      | $731995.54    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Nintendo Co Ltd.                             | NINTENDO CO-ADR      | CUSIP: 654445303<br>LEI: 353800FEEXU6I9M0ZF27 | Long             | EC               | CORP              | JP        |     45535 | NS      | $640222.10    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Yeti Holdings Inc                            | YETI HOLDINGS IN     | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |     19248 | NS      | $841330.08    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc                       | PALO ALTO NETWOR     | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |      5274 | NS      | $785404.08    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| BP PLC                                       | BP PLC-ADR           | CUSIP: 055622104<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |     22183 | NS      | $862031.38    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| National Grid PLC                            | NATIONAL GRI-ADR     | CUSIP: 636274409<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |      7064 | NS      | $662391.28    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Lear Corporation                             | LEAR CORP            | CUSIP: 521865204<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | EC               | CORP              | US        |      8004 | NS      | $1050525.00   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| InterDigital, Inc.                           | INTERDIGITAL INC     | CUSIP: 45867G101<br>LEI: 529900HQAUTC3VI47G64 | Long             | EC               | CORP              | US        |      1948 | NS      | $714000.44    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                            | JOHNSON&JOHNSON      | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      4901 | NS      | $1217555.43   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| GeneDx Holdings Corp                         | GENEDX HOLDINGS      | CUSIP: 81663L200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6820 | NS      | $543622.20    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Fomento Economico Mexicano S A B de C V      | FOMENTO ECON-ADR     | CUSIP: 344419106<br>LEI: 549300A8MDWDJNMLV153 | Long             | EC               | CORP              | MX        |      6308 | NS      | $708514.56    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                              | MICROSOFT CORP       | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      2968 | NS      | $1165652.32   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Smiths Group PLC                             | SMITHS GROUP-ADR     | CUSIP: 83238P203<br>LEI: 213800MJL6IPZS3ASA11 | Long             | EC               | CORP              | GB        |     15261 | NS      | $573203.16    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                           | META PLATFORMS-A     | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      2045 | NS      | $1325528.10   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                          | ABBOTT LABS          | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |      6516 | NS      | $758136.60    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Rolls-Royce Holdings PLC                     | ROLLS-ROYCE-ADR      | CUSIP: 775781206<br>LEI: 213800EC7997ZBLZJH69 | Long             | EC               | CORP              | GB        |     59025 | NS      | $1099045.50   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| BAE Systems PLC                              | BAE SYSTEMS -ADR     | CUSIP: 05523R107<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               | CORP              | GB        |     12403 | NS      | $1438748.00   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Wynn Macau Ltd.                              | WYNN MACAU-ADR       | CUSIP: 98313R106<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | EC               | CORP              | KY        |     55781 | NS      | $401065.39    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix, Inc.                                | EQUINIX INC          | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |      1246 | NS      | $1213927.96   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Haleon PLC                                   | HALEON-ADR           | CUSIP: 405552100<br>LEI: 549300PSB3WWEODCUP19 | Long             | EC               | CORP              | GB        |     67015 | NS      | $741856.05    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliancebernstein Holding L.P.               | ALLIANCEBERNSTEI     | CUSIP: 01881G106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13974 | NS      | $548619.24    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                          | CISCO SYSTEMS        | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |      9494 | NS      | $754393.24    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc.                              | HOME DEPOT INC       | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      2214 | NS      | $842914.08    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Group AG                                 | UBS GROUP AG         | CUSIP: H42097107<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EC               | CORP              | CH        |     26545 | NS      | $1099759.35   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| DraftKings Inc.                              | DRAFTKINGS INC       | CUSIP: 26142V105<br>LEI: 2549006G33IUL6IVOD83 | Long             | EC               | CORP              | US        |     27443 | NS      | $654241.12    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                                 | DOORDASH INC-A       | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |      5168 | NS      | $911996.96    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                         | JPMORGAN CHASE       | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      3674 | NS      | $1103302.20   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Group Corp.                             | SONY GROUP-ADR       | CUSIP: 835699307<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |     38661 | NS      | $891522.66    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology S.A.                      | SPOTIFY TECHNOLO     | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |      2064 | NS      | $1062836.16   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Embraer S.A.                                 | EMBRAER SA-ADR       | CUSIP: 29082A107<br>LEI: 549300EM51WYXFHUY333 | Long             | EC               | CORP              | BR        |     10609 | NS      | $766181.98    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Safran SA                                    | SAFRAN SA-ADR        | CUSIP: 786584102<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |      9978 | NS      | $1003786.80   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ON Semiconductor Corp.                       | ON SEMICONDUCTOR     | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |     11000 | NS      | $731280.00    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                 | BROADCOM INC         | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      4000 | NS      | $1278200.00   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Tetra Tech Inc                               | TETRA TECH INC       | CUSIP: 88162G103<br>LEI: 549300UJ1LP7JGJC5P32 | Long             | EC               | CORP              | US        |     25104 | NS      | $899727.36    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd.                   | ALIBABA GRP-ADR      | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |      5150 | NS      | $742166.50    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc.                               | CITIGROUP INC        | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |      8504 | NS      | $937055.76    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Liquide S.A.(L')                         | AIR LIQ-UNSP ADR     | CUSIP: 009126202<br>LEI: 969500MMPQVHK671GT54 | Long             | EC               | CORP              | FR        |     15297 | NS      | $642474.00    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric SE                        | SCHNEIDER -ADR       | CUSIP: 80687P106<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |     16193 | NS      | $1055945.53   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Lazard Inc                                   | LAZARD INC           | CUSIP: 52110M109<br>LEI: 254900RIBCDJSUFG1A11 | Long             | EC               | CORP              | US        |     14423 | NS      | $729803.80    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife Inc.                                 | METLIFE INC          | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |     10351 | NS      | $745996.57    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Baidu Inc.                                   | BAIDU INC-SP ADR     | CUSIP: 056752108<br>LEI: 254900AL64IANZYI1E02 | Long             | EC               | CORP              | KY        |      6564 | NS      | $816824.16    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| London Stock Exchange Group PLC              | LONDON STOCK EX      | CUSIP: 54211Y107<br>LEI: 213800QAUUUP6I445N30 | Long             | EC               | CORP              | GB        |     27395 | NS      | $820480.25    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.                                | NETFLIX INC          | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      9966 | NS      | $959127.84    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Block Inc                                    | BLOCK INC            | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |     14154 | NS      | $901609.80    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| ConvaTec Group PLC                           | CONVATEC GR-ADR      | CUSIP: 21244X109<br>LEI: 213800LS272L4FIDOH92 | Long             | EC               | CORP              | GB        |     41387 | NS      | $573623.82    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury Systems Inc                          | MERCURY SYSTEMS      | CUSIP: 589378108<br>LEI: 549300P3B84SGK7HH679 | Long             | EC               | CORP              | US        |      7896 | NS      | $702980.88    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc.                         | GILEAD SCIENCES      | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      3623 | NS      | $539645.85    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Millicom International Cellular SA           | MILLICOM INTL        | CUSIP: L6388F110<br>LEI: 549300CTHC1CP86P2G96 | Long             | EC               | CORP              | LU        |     10805 | NS      | $787576.45    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Galderma Group AG                            | GALDERMA GR-ADR      | CUSIP: 36321W105<br>LEI: 89450001OK6O8ELQ4584 | Long             | EC               | CORP              | CH        |     17352 | NS      | $657293.76    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever PLC                                 | UNILEVER PLC-ADR     | CUSIP: 904767803<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |     14329 | NS      | $1056763.75   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Onto Innovation Inc.                         | ONTO INNOVATION      | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               | CORP              | US        |      2500 | NS      | $539725.00    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Edwards Lifesciences Corporation             | EDWARDS LIFE         | CUSIP: 28176E108<br>LEI: YA13X31F3V31L8TMPR58 | Long             | EC               | CORP              | US        |      9865 | NS      | $853026.55    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc                 | THERMO FISHER        | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |      2005 | NS      | $1044825.55   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthequity Inc                             | HEALTHEQUITY INC     | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Long             | EC               | CORP              | US        |      9054 | NS      | $692540.46    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Celsius Holdings Inc.                        | CELSIUS HOLDINGS     | CUSIP: 15118V207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14025 | NS      | $751880.25    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                              | CATERPILLAR INC      | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |      1212 | NS      | $900309.96    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp.                                | CHEVRON CORP         | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5705 | NS      | $1065465.80   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp                                | COHERENT CORP        | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |      2000 | NS      | $517860.00    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Credicorp Ltd.                               | CREDICORP LTD        | CUSIP: G2519Y108<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | BM        |      2626 | NS      | $909593.88    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Display Corp.                      | UNIVERSAL DISPLA     | CUSIP: 91347P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5844 | NS      | $623496.36    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| The Charles Schwab Corporation               | SCHWAB (CHARLES)     | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     10351 | NS      | $985415.20    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Nike, Inc.                                   | NIKE INC -CL B       | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |     15153 | NS      | $942213.54    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                              | T-MOBILE US INC      | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |      4002 | NS      | $868794.18    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbus SE                                    | AIRBUS SE - UNSP ADR | CUSIP: 009279100<br>LEI: MINO79WLOO247M1IL051 | Long             | EC               | CORP              | NL        |     13850 | NS      | $750254.50    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Floor And Decor Holding Inc.                 | FLOOR & DECOR-A      | CUSIP: 339750101<br>LEI: 549300M5FR3N688XGQ36 | Long             | EC               | CORP              | US        |     10883 | NS      | $751906.47    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc.                       | APPLIED MATERIAL     | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |      2325 | NS      | $865597.50    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Incorporated          | VERTEX PHARM         | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      3137 | NS      | $1558555.71   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corporation                 | GENERAL DYNAMICS     | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |      3450 | NS      | $1231822.50   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd. | TAIWAN SEMIC-ADR     | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      4048 | NS      | $1516299.84   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                                   | APPLE INC            | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     13560 | NS      | $3582280.80   | 3.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                        | BANK OF AMERICA      | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     19644 | NS      | $978860.52    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-27

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

**Signature:** Erik Naviloff

**Name of Signer:** Erik Naviloff

**Title:** Treasurer