# EDGAR Filing Document

**Accession Number:** 0001314414
**File Stem:** 0001752724-23-070467
**Filing Date:** 2023-3
**Character Count:** 15578
**Document Hash:** 26b36513a86bba4ed81c0375899b7074
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-070467.hdr.sgml**: 20230329

**ACCESSION NUMBER**: 0001752724-23-070467

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230329

**DATE AS OF CHANGE**: 20230329

**PERIOD START**: 20230430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Northern Lights Fund Trust
- **CENTRAL INDEX KEY:** 0001314414
- **IRS NUMBER:** 043023766
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21720
- **FILM NUMBER:** 23771739

**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

### CMG Mauldin Core Fund (Series ID: S000040338)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000125266 | CMG Mauldin Core Fund Class A Shares | GEFAX           |
| C000125267 | CMG Mauldin Core Fund Class I Shares | GEFIX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **CMG Mauldin Core Fund** | **CMG Mauldin Core Fund** | **CMG Mauldin Core Fund** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **January 31, 2023** | **January 31, 2023** | **January 31, 2023** |
| **Shares** |  | **Fair Value** |
|  | **CLOSED END FUND - 3.3%** |  |
|  | **COMMODITY - 3.3%** |  |
| 26490 | Sprott Physical Gold Trust<sup>(a)</sup> | $395761 |
|  | **TOTAL CLOSE END FUND (Cost - $392,154)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;395761 |
|  | **EXCHANGE-TRADED FUNDS - 95.9%** |  |
|  | **COMMODITY - 3.1%** |  |
| 7701 | Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115130 |
| 7353 | Teucrium Agricultural NO K-1 Strategy ETF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;257615 |
|  |  | 372745 |
|  | **EQUITY FUNDS - 30.1%** |  |
| 2047 | iShares Core MSCI EAFE ETF | 137292 |
| 9976 | SPDR Portfolio Emerging Markets ETF | 354747 |
| 1312 | SPDR S&P Dividend ETF | 169838 |
| 5951 | Vanguard FTSE Europe ETF | 361464 |
| 9664 | Vanguard Total Stock Market ETF | 1975611 |
| 15450 | Xtrackers S&P 500 ESG ETF | 568560 |
|  |  | 3567512 |
|  | **FIXED INCOME FUNDS - 62.7%** |  |
| 7224 | iShares 0-3 Month Treasury Bond ETF | 725723 |
| 4773 | iShares 0-5 Year TIPS Bond ETF | 466561 |
| 1210 | iShares 20+ Year Treasury Bond ETF | 129676 |
| 5307 | iShares 7-10 Year Treasury Bond ETF | 526507 |
| 877 | iShares iBoxx $ Investment Grade Corporate Bond ETF | 97233 |
| 5754 | iShares JP Morgan USD Emerging Markets Bond ETF | 505834 |
| 19602 | Invesco Treasury Collateral ETF | 2065463 |
| 19542 | SPDR Bloomberg 1-3 Month T-Bill ETF | 1792588 |
| 3955 | Vanguard Intermediate-Term Corporate Bond ETF | 319524 |
| 2535 | Vanguard Total International Bond ETF | 123074 |
| 13549 | WisdomTree Floating Rate Treasury Fund | 681244 |
|  |  | 7433427 |
|  | **TOTAL EXCHANGE-TRADED FUNDS (Cost - $11,259,673)** | 11373684 |
|  | **SHORT-TERM INVESTMENT - 1.2%** |  |
|  | **MONEY MARKET FUND - 1.2%** |  |
| 144296 | Federated Hermes Institutional Prime Obligations, Institutional Class, 4.40%<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144339 |
|  | **TOTAL SHORT-TERM INVESTMENT (Cost - $144,339)** |  |
|  | **TOTAL INVESTMENTS - 100.4 % (Cost - $11,796,166)** | $11913784 |
|  | **LIABILITIES IN EXCESS OF OTHER ASSETS - (0.4) %** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(49798) |
|  | **NET ASSETS - 100.0%** | **$11863986** |
|  | EAFE - Europe, Australasia and Far East |  |
|  | ETF - Exchange-Traded Fund |  |
|  | SPDR - Standard & Poor's Depositary Reciept |  |
| <sup>(a)</sup> | Non-income producing security. |  |
| <sup>(b)</sup> | Rate discolsed in the seven day effective yield as of January 31, 2023. |  |

---

## 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:** CMG Mauldin Solutions Core Fund

- **b. EDGAR series identifier (if any):** S000040338

- **c. LEI of Series:** 549300AMNIKOYMDUT213

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

- **a. Date of fiscal year-end:** 2023-04-30

- **b. Date as of which information is reported:** 2023-01-31

**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:** $11938605.50

**Total Liabilities:** $74619.67

**Net Assets:** $11863985.83

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000125267 | 0.44%                | -1.14%               | 2.26%                |
| Class ID C000125266 | 0.33%                | -0.93%               | 2.17%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-477355.14              | $564161.10                                 |
| Month 2  | $-107490.83              | $-101673.30                                |
| Month 3  | $41244.16                | $230005.50                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Spdr Series Trust                                             | SPDR S&P DIVIDEND ETF     | CUSIP: 78464A763<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |      1312 | NS      | $169838.40    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard International Equity Index Funds                     | VANGUARD FTSE EUROPE ETF  | CUSIP: 922042874<br>LEI: 549300UR5XWDVDO7NP96 | Long             | EC               | RF                | US        |      5951 | NS      | $361463.74    | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Trust                                                 | ISHARES 7-10 YEAR TREASUR | CUSIP: 464287440<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      5307 | NS      | $526507.47    | 4.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Listed Fund Trust                                             | TEU AG NO K-1             | CUSIP: 53656F144<br>LEI: 549300C5D73JL0P1YC11 | Long             | EC               | RF                | US        |      7353 | NS      | $257614.56    | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Spdr Series Trust                                             | SPDR BLOOMBERG 1          | CUSIP: 78468R663<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |     19542 | NS      | $1792587.66   | 15.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Scottsdal                                            | VANGUARD INT-TERM CORPORA | CUSIP: 92206C870<br>LEI: 549300Y88GQ3VLJIBX57 | Long             | EC               | RF                | US        |      3955 | NS      | $319524.45    | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Trust                                                 | ISHARES 20+ YEAR          | CUSIP: 464287432<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      1210 | NS      | $129675.70    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Money Market Obligations Trust                                | FED HER INSTIT PR OBLG-IN | CUSIP: 60934N203<br>LEI: 25490005VWJDWX717014 | Long             | STIV             | RF                | US        |    144296 | PA      | $144339.60    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Actively Managed Exchange-Traded Commodity Fund Trust | INVESCO OPTIMUM YIELD DIV | CUSIP: 46090F100<br>LEI: 549300J84F1VGX03MG06 | Long             | EC               | RF                | US        |      7701 | NS      | $115129.95    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Trust                                                 | ISHARES JP MORGAN USD EME | CUSIP: 464288281<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      5754 | NS      | $505834.14    | 4.26%             |  |  |  | No            |                  1 | On Loan: No      |
| DBX ETF Trust                                                 | XTRACKERS SP ESG          | CUSIP: 233051143<br>LEI: DNLQXYGHEZ10Q9SIK386 | Long             | EC               | RF                | US        |     15450 | NS      | $568560.00    | 4.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Trust                                                 | ISHARES IBOXX INVESTMENT  | CUSIP: 464287242<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |       877 | NS      | $97232.99     | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Wisdomtree Trust                                              | WISDOMTREE FLOAT          | CUSIP: 97717Y527<br>LEI: 549300SEVJBU47TE8855 | Long             | EC               | RF                | US        |     13549 | NS      | $681243.72    | 5.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprott Physical Gold Trust                                    | SPROTT PHYSICAL GOLD TRUS | CUSIP: 85207H104<br>LEI: N/A                  | Long             | EC               | RF                | CA        |     26490 | NS      | $395760.60    | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Charlotte Funds                                      | VANGUARD TOTAL INTL BOND  | CUSIP: 92203J407<br>LEI: 549300Z9BHDBGHMJLU94 | Long             | EC               | RF                | US        |      2535 | NS      | $123074.25    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Trust                                                 | ISHARES 0-3M T/B          | CUSIP: 46436E718<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      7224 | NS      | $725723.04    | 6.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Exchange Traded Fund Trust II                         | INVESCO TREASURY COLLATER | CUSIP: 46138G888<br>LEI: O540V2L4S174Y60FMD36 | Long             | EC               | RF                | US        |     19602 | NS      | $2065462.74   | 17.41%            |  |  |  | No            |                  1 | On Loan: No      |
| Spdr Index Shs Fds                                            | SPDR PORTFOLIO EMERGING M | CUSIP: 78463X509<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |      9976 | NS      | $354746.56    | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Index Fds                                            | VANGUARD TOTAL STOCK MKT  | CUSIP: 922908769<br>LEI: 549300G6KNDK44WUN559 | Long             | EC               | RF                | US        |      9664 | NS      | $1975611.52   | 16.65%            |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Trust                                                 | ISHARES CORE MSCI EAFE ET | CUSIP: 46432F842<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      2047 | NS      | $137292.29    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Trust                                                 | ISHARES 0-5 YEAR TIPS BON | CUSIP: 46429B747<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      4773 | NS      | $466560.75    | 3.93%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-28

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

**Signature:** James Colantino

**Name of Signer:** James Colantino

**Title:** Treasurer