# EDGAR Filing Document

**Accession Number:** 0001314414
**File Stem:** 0000910472-26-002741
**Filing Date:** 2026-2
**Character Count:** 33661
**Document Hash:** 65af65dc9cefbee12695ee7fc0d11692
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-002741.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0000910472-26-002741

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20260930

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21720
- **FILM NUMBER:** 26683168

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

**MAIL ADDRESS:**
- **STREET 1:** 17605 WRIGHT STREET
- **STREET 2:** SUITE 200
- **CITY:** OMAHA
- **STATE:** NE
- **ZIP:** 68130

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Strategy Shares
- **DATE OF NAME CHANGE:** 20160223

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Mutual Fund & Variable Insurance Trust
- **DATE OF NAME CHANGE:** 20160223

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Northern Lights Fund Trust
- **DATE OF NAME CHANGE:** 20050121

## Series and Classes Contracts Data

### Ocean Park Tactical Risk Spectrum 30 Fund (Series ID: S000071866)

| Class ID   | Class Name                                               | Ticker Symbol   |
|:---|:---|:---|
| C000227417 | Ocean Park Tactical Risk Spectrum 30 Fund Instl Class    |  |
| C000227418 | Ocean Park Tactical Risk Spectrum 30 Fund Investor Class |  |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **OCEAN PARK TACTICAL RISK SPECTRUM 30 FUND** | **OCEAN PARK TACTICAL RISK SPECTRUM 30 FUND** | **OCEAN PARK TACTICAL RISK SPECTRUM 30 FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **EXCHANGE-TRADED FUNDS — 56.1%** |  |
|  | **EQUITY - 28.1%** |  |
| 67400 | Avantis International Small Cap Value ETF | &nbsp;&nbsp;&nbsp; $6333578 |
| 8400 | Avantis U.S. Small Cap Value ETF | &nbsp;&nbsp;&nbsp; 856632 |
| 70600 | Dimensional International Small Cap Value ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2682800 |
| 53100 | Dimensional International Value ETF | &nbsp;&nbsp;&nbsp; 2649690 |
| 25800 | iShares MSCI Canada ETF | &nbsp;&nbsp;&nbsp; 1391394 |
| 27700 | iShares MSCI International Momentum Factor ETF | &nbsp;&nbsp;&nbsp; 1328769 |
| 251800 | State Street SPDR Portfolio S&P 500 ETF | &nbsp;&nbsp;&nbsp; 20199397 |
| 14400 | Vanguard FTSE Emerging Markets ETF | &nbsp;&nbsp;&nbsp; 774144 |
| 11700 | Vanguard Growth ETF | &nbsp;&nbsp;&nbsp; 5707962 |
| 6300 | Vanguard Mid-Cap Growth ETF | &nbsp;&nbsp;&nbsp; 1758582 |
| 5700 | Vanguard Small-Cap Growth ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1722027 |
| 6500 | WisdomTree Japan Hedged Equity Fund | &nbsp;&nbsp;&nbsp; 937040 |
|  |  | &nbsp;&nbsp; 46342015 |
|  | **FIXED INCOME - 28.0%** |  |
| 93900 | Eldridge BBB-B CLO ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2486472 |
| 54000 | First Trust Senior Loan ETF | &nbsp;&nbsp;&nbsp; 2477520 |
| 368200 | Invesco Senior Loan ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 7732200 |
| 20586 | iShares CMBS ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1010361 |
| 33700 | iShares Floating Rate Bond ETF | &nbsp;&nbsp;&nbsp; 1713982 |
| 92500 | iShares J.P. Morgan EM High Yield Bond ETF | &nbsp;&nbsp;&nbsp; 3734225 |
| 13700 | iShares J.P. Morgan USD Emerging Markets Bond ETF | &nbsp;&nbsp;&nbsp; 1319036 |
| 39300 | iShares JP Morgan EM Corporate Bond ETF | &nbsp;&nbsp;&nbsp; 1802691 |
| 125103 | JPMorgan Mortgage-Backed Securities ETF | &nbsp;&nbsp;&nbsp; 6387759 |
| 94200 | PIMCO Multi Sector Bond Active ETF | &nbsp;&nbsp;&nbsp; 2513256 |
| 94700 | SPDR Blackstone Senior Loan ETF | &nbsp;&nbsp;&nbsp; 3908269 |
| 11600 | Vanguard Intermediate-Term Corporate Bond ETF | &nbsp;&nbsp;&nbsp; 971500 |
| 136800 | Vanguard Total Bond Market ETF | &nbsp;&nbsp;&nbsp; 10132776 |
|  |  | &nbsp;&nbsp; 46190047 |
|  | **TOTAL EXCHANGE-TRADED FUNDS (Cost $85,729,346)** | &nbsp;&nbsp; 92532062 |

---

---

| | | |
|:---|:---|:---|
| **OCEAN PARK TACTICAL RISK SPECTRUM 30 FUND** | **OCEAN PARK TACTICAL RISK SPECTRUM 30 FUND** | **OCEAN PARK TACTICAL RISK SPECTRUM 30 FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **OPEN END FUNDS — 43.5%** |  |
|  | **ALTERNATIVE - 0.9%** |  |
| 86049 | DoubleLine Flexible Income Fund, Class I | &nbsp;&nbsp;&nbsp; $753788 |
| 70900 | Finisterre Emerging Markets Total Return Bond Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 684889 |
|  |  | &nbsp;&nbsp; 1438677 |
|  | **EQUITY - 0.9%** |  |
| 1 | Kopernik Global All-Cap Fund, Class I | &nbsp;&nbsp;&nbsp; 18 |
| 43385 | Thornburg Investment Income Builder Fund, Class I | &nbsp;&nbsp;&nbsp; 1439948 |
|  |  | &nbsp;&nbsp; 1439966 |
|  | **FIXED INCOME - 41.7%** |  |
| 117 | American Century High Income Fund, Class I | &nbsp;&nbsp;&nbsp; 1029 |
| 698 | Ashmore Emerging Markets Corporate Income Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 4018 |
| 532 | Ashmore Emerging Markets Total Return Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 2861 |
| 304225 | BlackRock High Yield Portfolio Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 2196502 |
| 131 | BlackRock Strategic Income Opportunities Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 1280 |
| 174 | BlackRock Strategic Municipal Opportunities Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 1809 |
| 73002 | CrossingBridge Low Duration High Income Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 704576 |
| 56322 | DoubleLine Low Duration Emerging Markets Fixed Income Fund, Class I | &nbsp;&nbsp;&nbsp; 548013 |
| 191760 | Eaton Vance Emerging Markets Debt Opportunities Fund, Class I | &nbsp;&nbsp;&nbsp; 1599281 |
| 573 | First Eagle Funds - First Eagle High Income Fund, Class I | &nbsp;&nbsp;&nbsp; 4611 |
| 252811 | Holbrook Structured Income Fund, Class I | &nbsp;&nbsp;&nbsp; 2472489 |
| 662967 | JPMorgan Income Fund, Class I | &nbsp;&nbsp;&nbsp; 5708147 |
| 1450 | Medalist Partners MBS Total Return Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 12647 |
| 199 | Metropolitan West Total Return Bond Fund, Class I | &nbsp;&nbsp;&nbsp; 1830 |
| 320 | Nuveen Bond Index Fund, Institutional Class, Class I | &nbsp;&nbsp;&nbsp; 3134 |
| 245 | Nuveen High Yield Municipal Bond Fund, Class I | &nbsp;&nbsp;&nbsp; 3500 |
| 123 | Nuveen Preferred Securities and Income Fund, Class I | &nbsp;&nbsp;&nbsp; 2005 |
| 170 | Nuveen Short Duration High Yield Municipal Bond Fund, Class I | &nbsp;&nbsp;&nbsp; 1599 |
| 189 | Nuveen Strategic Income Fund, Class I | &nbsp;&nbsp;&nbsp; 1891 |
| 229644 | PIMCO Emerging Markets Bond Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 2089762 |
| 434850 | PIMCO Global Bond Opportunities Fund U.S., Institutional Class | &nbsp;&nbsp;&nbsp; 4287626 |
| 2021904 | PIMCO Income Fund, Institutional Class, Institutional Class | &nbsp;&nbsp;&nbsp; 22220725 |
| 329933 | PIMCO International Bond Fund U.S. Dollar-Hedged, Institutional Class | &nbsp;&nbsp;&nbsp; 3276230 |
| 673 | PIMCO International Bond Fund Unhedged, Institutional Class | &nbsp;&nbsp;&nbsp; 5275 |
| 424005 | PIMCO Investment Grade Credit Bond Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 3900849 |
| 589047 | PIMCO Long-Term Credit Bond Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 5242514 |

---

---

| | | |
|:---|:---|:---|
| **OCEAN PARK TACTICAL RISK SPECTRUM 30 FUND** | **OCEAN PARK TACTICAL RISK SPECTRUM 30 FUND** | **OCEAN PARK TACTICAL RISK SPECTRUM 30 FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **OPEN END FUNDS — 43.5% (Continued)** |  |
|  | **FIXED INCOME - 41.7% (Continued)** |  |
| 168 | PIMCO Total Return Fund, Institutional Class | &nbsp;&nbsp;&nbsp; $1488 |
| 422516 | Principal Spectrum Preferred and Capital Securities Income Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 3954752 |
| 116467 | RiverPark Strategic Income Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 990504 |
| 153 | TCW Emerging Markets Income Fund, Class I | &nbsp;&nbsp;&nbsp; 1060 |
| 1 | TCW Emerging Markets Local Currency Income Fund, Class I | &nbsp;&nbsp;&nbsp; 9 |
| 1 | TCW Securitized Bond Fund, Class I | &nbsp;&nbsp;&nbsp; 9 |
| 827266 | Thornburg Strategic Income Fund, Class I | &nbsp;&nbsp;&nbsp; 9596283 |
|  |  | &nbsp;&nbsp; 68838308 |
|  | **TOTAL OPEN END FUNDS (Cost $70,605,254)** | &nbsp;&nbsp; 71716951 |
|  | **SHORT-TERM INVESTMENTS — 8.6%** |  |
|  | **COLLATERAL FOR SECURITIES LOANED - 8.2%** |  |
| 13634150 | First American Government Obligations Fund, Class X, 3.67%<sup>(b)(c)</sup> **(Cost $13,634,150)** | &nbsp;&nbsp;&nbsp; 13634150 |
|  | **MONEY MARKET FUNDS - 0.4%** |  |
| 622198 | First American Government Obligations Fund, Class X, 3.67%<sup>(c)</sup> **(Cost $622,198)** | &nbsp;&nbsp;&nbsp; 622198 |
|  | **TOTAL SHORT-TERM INVESTMENTS (Cost $14,256,348)** | 14256348 |
|  | **TOTAL INVESTMENTS - 108.2% (Cost $170,590,948)** | &nbsp;&nbsp;&nbsp; $178505361 |
|  | **LIABILITIES IN EXCESS OF OTHER ASSETS - (8.2)%** | &nbsp;&nbsp; (13477054) |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $165028307 |

---

---

| | |
|:---|:---|
| CLO | - Collateralized Loan Obligation |
| CMBS | - Commercial Mortgage Backed Securities |
| ETF | - Exchange-Traded Fund |
| MBS | - Mortgage Backed Securities |
| MSCI | - Morgan Stanley Capital International |
| SPDR | - Standard & Poor's Depositary Receipt |
| <sup>(a)</sup> | All or a portion of the security is on loan. The total value of the securities on loan was $13,198,839, as of December 31, 2025. |
| <sup>(b)</sup> | Security was purchased with cash received as collateral for securities on loan at December 31, 2025. Total collateral had a value of $13,634,150 at December 31, 2025. |
| <sup>(c)</sup> | Rate disclosed is the seven day effective yield as of December 31, 2025. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Northern Lights Fund Trust

- **b. Investment Company Act file number:** 811-21720

- **c. CIK number of Registrant:** 0001314414

- **d. LEI of Registrant:** 549300BSYF57GRCG4861

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

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

  - **City:** CINCINNATI

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

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

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

- **a. Name of Series:** Ocean Park Tactical Risk Spectrum 30 Fund

- **b. EDGAR series identifier (if any):** S000071866

- **c. LEI of Series:** 549300PZSS13SKIR2I74

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

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

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

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $165450016.12

**Total Liabilities:** $421709.19

**Net Assets:** $165028306.93

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000227417 | 0.71%                | 0.45%                | 0.40%                |
| Class ID C000227418 | 0.67%                | 0.45%                | 0.38%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $929235.79               | $-82630.22                                 |
| Month 2  | $265972.78               | $107813.39                                 |
| Month 3  | $396502.07               | $-568164.92                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Advisors Inner Circle Fund II                    | KOPER-GL A/C-INS         | CUSIP: 00766Y299<br>LEI: 549300OEHDTB2ALCAX69 | Long             | EC               | RF                | US        |         1 | NS      | $18.08        | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Advisors Series Trust                            | MDL-MBS T/R-INS          | CUSIP: 00770X758<br>LEI: 2549003Z0J6URS6I4Y63 | Long             | EC               | RF                | US        |      1443 | NS      | $12586.94     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| American Century Investment Trust                | AC-HI INC-Y              | CUSIP: 024932154<br>LEI: 549300RGSU9J1L1HFF90 | Long             | EC               | RF                | US        |       116 | NS      | $1023.03      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| American Century ETF Trust                       | AVANTIS INTL S/C         | CUSIP: 025072802<br>LEI: 5493006IKK34YJD98183 | Long             | EC               | RF                | US        |     67400 | NS      | $6333578.00   | 3.84%             |  |  |  | No            | 1                  | On Loan: No      |
| American Century ETF Trust                       | AVANTIS US S/C           | CUSIP: 025072877<br>LEI: 5493006IKK34YJD98183 | Long             | EC               | RF                | US        |      8400 | NS      | $856632.00    | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Ashmore Funds                                    | ASHM-EM T/R-INS          | CUSIP: 044820405<br>LEI: N/A                  | Long             | EC               | RF                | US        |       532 | NS      | $2861.11      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Ashmore Funds                                    | ASHM-E/M CRP-INS         | CUSIP: 044820504<br>LEI: N/A                  | Long             | EC               | RF                | US        |       698 | NS      | $4018.29      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Blackrock Municipal Series Trust                 | BLRK-STR MUN-I           | CUSIP: 09253E609<br>LEI: N13FNQG6SVW6WDIWRJ75 | Long             | EC               | RF                | US        |       173 | NS      | $1802.57      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Blackrock Funds V                                | BLKR-STR INC-INS         | CUSIP: 09260B382<br>LEI: 54930077DSFQPJDWM487 | Long             | EC               | RF                | US        |       131 | NS      | $1275.08      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Blackrock Funds V                                | BLKR-HI YLD-INS          | CUSIP: 09260B630<br>LEI: 54930077DSFQPJDWM487 | Long             | EC               | RF                | US        |    302519 | NS      | $2184188.82   | 1.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Dimensional ETF Trust                            | DI INTL S-C V ET         | CUSIP: 25434V781<br>LEI: 549300TQ0DPO13B72F34 | Long             | EC               | RF                | US        |     70600 | NS      | $2682800.00   | 1.63%             |  |  |  | No            | 1                  | On Loan: —       |
| Dimensional ETF Trust                            | DIM INTL VALUE           | CUSIP: 25434V807<br>LEI: 549300TQ0DPO13B72F34 | Long             | EC               | RF                | US        |     53100 | NS      | $2649690.00   | 1.61%             |  |  |  | No            | 1                  | On Loan: No      |
| Doubleline Funds Trust                           | DBL-LW DR EM-I           | CUSIP: 258620772<br>LEI: 549300MUFFXFRMY0RH66 | Long             | EC               | RF                | US        |     55919 | NS      | $544088.33    | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Doubleline Funds Trust                           | DBL-FLX INC-I            | CUSIP: 258620798<br>LEI: 549300MUFFXFRMY0RH66 | Long             | EC               | RF                | US        |     85570 | NS      | $749593.59    | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Eaton Vance Ser Fund Incorporation               | EV-E/M DBT O-I           | CUSIP: 27827V402<br>LEI: 549300R49JD3NSE34I86 | Long             | EC               | RF                | US        |    185581 | NS      | $1547745.36   | 0.94%             |  |  |  | No            | 1                  | On Loan: No      |
| First American Funds Inc.                        | FRST AM-GV OB-X          | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |    622198 | PA      | $622198.20    | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                              | FIRST AM GOVT OB FD CL X | CUSIP: 31846V336<br>LEI: N/A                  | Long             | STIV             |  | US        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| First Eagle Funds                                | FIRST EAGLE HIGH YIELD-I | CUSIP: 32008F713<br>LEI: 549300FE2F4XF7FZN136 | Long             | EC               | RF                | US        |       570 | NS      | $4587.76      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| First Trust Exchange-Traded Fund IV              | FT-SENIOR LOAN           | CUSIP: 33738D309<br>LEI: 5493006CBTW7P2B31B80 | Long             | EC               | RF                | US        |     54000 | NS      | $2477520.00   | 1.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Invesco Exchange Traded Fund Trust II            | INVESCO SENIOR L         | CUSIP: 46138G508<br>LEI: O540V2L4S174Y60FMD36 | Long             | EC               | RF                | US        |    368200 | NS      | $7732200.00   | 4.69%             |  |  |  | No            | 1                  | On Loan: —       |
| Ishares Inc                                      | ISHARES JP MORGA         | CUSIP: 464286251<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |     39300 | NS      | $1802691.00   | 1.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Ishares Inc                                      | ISHARES J.P. MOR         | CUSIP: 464286285<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |     92500 | NS      | $3734225.00   | 2.26%             |  |  |  | No            | 1                  | On Loan: No      |
| Ishares Inc                                      | ISHARES MSCI CAN         | CUSIP: 464286509<br>LEI: 549300MGJZCNMJLBAJ67 | Long             | EC               | RF                | US        |     25800 | NS      | $1391394.00   | 0.84%             |  |  |  | No            | 1                  | On Loan: No      |
| iShares Trust                                    | ISHARES JP MORGA         | CUSIP: 464288281<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     13700 | NS      | $1319036.00   | 0.80%             |  |  |  | No            | 1                  | On Loan: No      |
| iShares Trust                                    | ISHARES CMBS ETF         | CUSIP: 46429B366<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     20586 | NS      | $1010360.88   | 0.61%             |  |  |  | No            | 1                  | On Loan: —       |
| iShares Trust                                    | ISHARES FLOATING         | CUSIP: 46429B655<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     33700 | NS      | $1713982.00   | 1.04%             |  |  |  | No            | 1                  | On Loan: No      |
| iShares Trust                                    | ISHARES MSCI INT         | CUSIP: 46434V449<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     27700 | NS      | $1328769.00   | 0.81%             |  |  |  | No            | 1                  | On Loan: No      |
| JP Morgan Trust I                                | JPM IMCOME-I             | CUSIP: 46637K224<br>LEI: 549300DM5WZMCZZ70R78 | Long             | EC               | RF                | US        |    659695 | NS      | $5679971.61   | 3.44%             |  |  |  | No            | 1                  | On Loan: No      |
| J P Morgan Exchange Traded Fund Trust            | JPM MORTGAGE BS          | CUSIP: 46654Q575<br>LEI: 5493001E1K1DVWDV2464 | Long             | EC               | RF                | US        |    125103 | NS      | $6387759.18   | 3.87%             |  |  |  | No            | 1                  | On Loan: No      |
| Metropolitan West Funds                          | MW-T/R BND-I             | CUSIP: 592905509<br>LEI: 549300KGDNJW6FXNDC82 | Long             | EC               | RF                | US        |       198 | NS      | $1813.13      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Nuveen Municipal                                 | NVN-SH DUR HY-I          | CUSIP: 67065Q699<br>LEI: 549300D2RECSQKX7NC33 | Long             | EC               | RF                | US        |       169 | NS      | $1592.37      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Nuveen Municipal                                 | NVN-H/Y MUN-I            | CUSIP: 67065Q772<br>LEI: 549300D2RECSQKX7NC33 | Long             | EC               | RF                | US        |       244 | NS      | $3483.55      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Nuveen Investment Funds                          | NVN-STR INC-I            | CUSIP: 670678390<br>LEI: T3MQBTRBVMWQY3LBIL50 | Long             | EC               | RF                | US        |       188 | NS      | $1882.23      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Nuveen Investments Trust V                       | NVN-PREF SEC-I           | CUSIP: 670700400<br>LEI: 5493005YOHPRCB8M2Y83 | Long             | EC               | RF                | US        |       123 | NS      | $1995.08      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| PIMCO Funds Pacific Investment Management Series | PIMCO-GL B $-INS         | CUSIP: 693390130<br>LEI: N/A                  | Long             | EC               | RF                | US        |    432989 | NS      | $4269269.29   | 2.59%             |  |  |  | No            | 1                  | On Loan: No      |
| PIMCO Funds Pacific Investment Management Series | PIMCO-T/R-INS            | CUSIP: 693390700<br>LEI: N/A                  | Long             | EC               | RF                | US        |       167 | NS      | $1482.52      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| PIMCO Funds Pacific Investment Management Series | PIMCO-IN B $-INS         | CUSIP: 693390882<br>LEI: N/A                  | Long             | EC               | RF                | US        |    328734 | NS      | $3264326.97   | 1.98%             |  |  |  | No            | 1                  | On Loan: No      |
| PIMCO Funds Pacific Investment Management Series | PIMCO-E/M BD-INS         | CUSIP: 693391559<br>LEI: N/A                  | Long             | EC               | RF                | US        |    228388 | NS      | $2078331.39   | 1.26%             |  |  |  | No            | 1                  | On Loan: No      |
| PIMCO Funds Pacific Investment Management Series | PIMCO-IN B U-INS         | CUSIP: 722005220<br>LEI: N/A                  | Long             | EC               | RF                | US        |       671 | NS      | $5257.31      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| PIMCO Funds Pacific Investment Management Series | PIMCO-I/G CR-INS         | CUSIP: 722005816<br>LEI: N/A                  | Long             | EC               | RF                | US        |    422230 | NS      | $3884513.53   | 2.35%             |  |  |  | No            | 1                  | On Loan: No      |
| PIMCO Funds                                      | PIMCO-INCOME-INS         | CUSIP: 72201F490<br>LEI: 5493003B5Y5GR0Y25Y76 | Long             | EC               | RF                | US        |   2011836 | NS      | $22110073.76  | 13.40%            |  |  |  | No            | 1                  | On Loan: No      |
| PIMCO Funds                                      | PIMCO-L/T CR-INS         | CUSIP: 72201P647<br>LEI: 5493003B5Y5GR0Y25Y76 | Long             | EC               | RF                | US        |    586146 | NS      | $5216696.60   | 3.16%             |  |  |  | No            | 1                  | On Loan: No      |
| PIMCO ETF Trust                                  | PIMCO MULTISECT          | CUSIP: 72201R585<br>LEI: 5493004M9TBGFQUJ6D27 | Long             | EC               | RF                | US        |     94200 | NS      | $2513256.00   | 1.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Principal Funds Inc                              | PRIN-PR & CA-INS         | CUSIP: 74253Q416<br>LEI: 549300HZGBXSW6DSXF23 | Long             | EC               | RF                | US        |    422516 | NS      | $3954751.50   | 2.40%             |  |  |  | No            | 1                  | On Loan: No      |
| Principal Funds Inc                              | PRIN-FI EM T-INS         | CUSIP: 74255L175<br>LEI: 549300HZGBXSW6DSXF23 | Long             | EC               | RF                | US        |     70900 | NS      | $684889.29    | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| SPDR Series Trust                                | STATE STREET SPD         | CUSIP: 78464A854<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |    251800 | NS      | $20199396.00  | 12.24%            |  |  |  | No            | 1                  | On Loan: No      |
| Ssga Active Trust                                | SPDR BLACKSTONE          | CUSIP: 78467V608<br>LEI: 549300MAXSRPQ75ICU67 | Long             | EC               | RF                | US        |     94700 | NS      | $3908269.00   | 2.37%             |  |  |  | No            | 1                  | On Loan: No      |
| Series Portfolios Trust                          | ELD BBB-B CL ETF         | CUSIP: 81752T528<br>LEI: 5493008VNHP5UNYJ3713 | Long             | EC               | RF                | US        |     93900 | NS      | $2486472.00   | 1.51%             |  |  |  | No            | 1                  | On Loan: —       |
| Tcw Funds Inc                                    | TCW EMERGING MAR         | CUSIP: 87234N765<br>LEI: 54930078E2I2DS4UJ217 | Long             | EC               | RF                | US        |       153 | NS      | $1059.97      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Tcw Funds Inc                                    | TCW SECURITIZED          | CUSIP: 87234N880<br>LEI: 54930078E2I2DS4UJ217 | Long             | EC               | RF                | US        |         1 | NS      | $9.34         | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Tcw Funds Inc                                    | TCW-EMMK L/C I-I         | CUSIP: 872365309<br>LEI: 54930078E2I2DS4UJ217 | Long             | EC               | RF                | US        |         1 | NS      | $9.16         | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Tiaa-Cref Fund                                   | NUVEEN BOND INDE         | CUSIP: 87245M848<br>LEI: 549300L8R42TEBN5NG46 | Long             | EC               | RF                | US        |       319 | NS      | $3123.72      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Thornburg Investment Trust                       | THRNB-STR IN-I           | CUSIP: 885215194<br>LEI: 5493001XM52H8S4WYY82 | Long             | EC               | RF                | US        |    823814 | NS      | $9556237.18   | 5.79%             |  |  |  | No            | 1                  | On Loan: No      |
| Thornburg Investment Trust                       | THRNB-INC BLD-I          | CUSIP: 885215467<br>LEI: 5493001XM52H8S4WYY82 | Long             | EC               | RF                | US        |     43385 | NS      | $1439947.82   | 0.87%             |  |  |  | No            | 1                  | On Loan: No      |
| Trust For Professional Managers                  | CROSB L D HI-INS         | CUSIP: 89834G604<br>LEI: 549300O1N816L3GGRD45 | Long             | EC               | RF                | US        |     73002 | NS      | $704575.91    | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Trust For Professional Managers                  | RVRP-STR INC-INS         | CUSIP: 89834G679<br>LEI: 549300O1N816L3GGRD45 | Long             | EC               | RF                | US        |    116467 | NS      | $990503.56    | 0.60%             |  |  |  | No            | 1                  | On Loan: No      |
| Two Roads Shared Trust                           | HLBRK-STR IN-I           | CUSIP: 90214Q626<br>LEI: 549300REHU8QC2CK4V30 | Long             | EC               | RF                | US        |    251148 | NS      | $2456227.66   | 1.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Vanguard Bond Index Funds                        | VANGUARD TOTAL B         | CUSIP: 921937835<br>LEI: 549300INE5BF80OGAZ51 | Long             | EC               | RF                | US        |    136800 | NS      | $10132776.00  | 6.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Vanguard International Equity Index Funds        | VANGUARD FTSE EM         | CUSIP: 922042858<br>LEI: 549300UR5XWDVDO7NP96 | Long             | EC               | RF                | US        |     14400 | NS      | $774144.00    | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Vanguard Scottsdale Funds                        | VANGUARD INT TER         | CUSIP: 92206C870<br>LEI: 549300Y88GQ3VLJIBX57 | Long             | EC               | RF                | US        |     11600 | NS      | $971500.00    | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |
| Vanguard Index Funds                             | VANGUARD M/C GRW         | CUSIP: 922908538<br>LEI: 549300G6KNDK44WUN559 | Long             | EC               | RF                | US        |      6300 | NS      | $1758582.00   | 1.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Vanguard Index Funds                             | VANGUARD S/C G E         | CUSIP: 922908595<br>LEI: 549300G6KNDK44WUN559 | Long             | EC               | RF                | US        |      5700 | NS      | $1722027.00   | 1.04%             |  |  |  | No            | 1                  | On Loan: —       |
| Vanguard Index Funds                             | VANGUARD GRW ETF         | CUSIP: 922908736<br>LEI: 549300G6KNDK44WUN559 | Long             | EC               | RF                | US        |     11700 | NS      | $5707962.00   | 3.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Wisdomtree Trust                                 | WISDOMTREE JPN H         | CUSIP: 97717W851<br>LEI: 549300SEVJBU47TE8855 | Long             | EC               | RF                | US        |      6500 | NS      | $937040.00    | 0.57%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

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

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

**Signature:** James Colantino

**Name of Signer:** James Colantino

**Title:** Treasurer