# EDGAR Filing Document

**Accession Number:** 0001314414
**File Stem:** 0001752724-25-211820
**Filing Date:** 2025-8
**Character Count:** 21674
**Document Hash:** 97492e9af9aee6ca9eb110011ab389e4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-211820.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001752724-25-211820

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**PERIOD START**: 20250930

**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:** 251273749

**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 Bond Fund (Series ID: S000066392)

| Class ID   | Class Name                                          | Ticker Symbol   |
|:---|:---|:---|
| C000214242 | Ocean Park Tactical Bond Fund Investor Class Shares |  |
| C000214243 | Ocean Park Tactical Bond Fund Instl Class Shares    |  |
| C000214244 | Ocean Park Tactical Bond Fund Class A Shares        |  |
| C000214245 | Ocean Park Tactical Bond Fund Class C Shares        |  |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **OCEAN PARK TACTICAL BOND FUND** | **OCEAN PARK TACTICAL BOND FUND** | **OCEAN PARK TACTICAL BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **EXCHANGE-TRADED FUNDS — 75.9%** |  |
|  | **FIXED INCOME - 75.9%** |  |
| 131600 | BNY Mellon High Yield ETF | &nbsp;&nbsp;&nbsp; $6354227 |
| 241600 | First Trust Tactical High Yield ETF | &nbsp;&nbsp;&nbsp; 10101296 |
| 248800 | FlexShares High Yield Value-Scored Bond Index Fund | &nbsp;&nbsp;&nbsp; 10208264 |
| 2382000 | iShares 0-5 Year High Yield Corporate Bond ETF | &nbsp;&nbsp;&nbsp; 102759480 |
| 8122600 | iShares Broad USD High Yield Corporate Bond ETF | &nbsp;&nbsp;&nbsp; 304678726 |
| 1133100 | iShares Fallen Angels USD Bond ETF | &nbsp;&nbsp;&nbsp; 30752334 |
| 427800 | iShares High Yield Systematic Bond ETF | &nbsp;&nbsp;&nbsp; 20309805 |
| 4012200 | iShares iBoxx High Yield Corporate Bond ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 323583930 |
| 265700 | JPMorgan BetaBuilders USD High Yield Corporate Bond ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 12392248 |
| 128300 | PGIM Active High Yield Bond ETF | &nbsp;&nbsp;&nbsp; 4553367 |
| 92200 | SPDR Blackstone High Income ETF, USD Class<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2635998 |
| 2090200 | SPDR Bloomberg High Yield Bond ETF | &nbsp;&nbsp;&nbsp; 203313754 |
| 4025200 | SPDR Bloomberg Short Term High Yield Bond ETF | &nbsp;&nbsp;&nbsp; 102562096 |
| 8548100 | SPDR Portfolio High Yield Bond ETF | &nbsp;&nbsp;&nbsp; 203444780 |
| 1049200 | VanEck Fallen Angel High Yield Bond ETF | &nbsp;&nbsp;&nbsp; 30720576 |
| 2755500 | Xtrackers USD High Yield Corporate Bond ETF | &nbsp;&nbsp;&nbsp; 101733060 |
|  | **TOTAL EXCHANGE-TRADED FUNDS (Cost $1,447,226,523)** | &nbsp;&nbsp; 1470103941 |
|  | **OPEN END FUNDS — 23.9%** |  |
|  | **FIXED INCOME - 23.9%** |  |
| 2490295 | Allspring Short-Term High Income Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 19648429 |
| 1100139 | American Beacon SiM High Yield Opportunities Fund, Class Y | &nbsp;&nbsp;&nbsp; 10176287 |
| 1791754 | American Century High Income Fund, Class I | &nbsp;&nbsp;&nbsp; 15624092 |
| 28535243 | Blackrock Series Fund V-BlackRock High Yield, Institutional Class | &nbsp;&nbsp;&nbsp; 205168394 |
| 3899680 | Eaton Vance Income Fund of Boston, Institutional Class | &nbsp;&nbsp;&nbsp; 20512315 |
| 18873 | Fidelity Capital & Income Fund, Class I | &nbsp;&nbsp;&nbsp; 197412 |
| 50463 | Fidelity High Income Fund, Class I | &nbsp;&nbsp;&nbsp; 405222 |
| 2312 | MassMutual High Yield Fund, Class I | &nbsp;&nbsp;&nbsp; 18821 |
| 13 | Metropolitan West High Yield Bond Fund, Class I | &nbsp;&nbsp;&nbsp; 119 |
| 0<sup>(d)</sup> | Neuberger Berman High Income Bond Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 1 |
| 4384 | Nuveen High Yield Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 38840 |

---

---

| | | |
|:---|:---|:---|
| **OCEAN PARK TACTICAL BOND FUND** | **OCEAN PARK TACTICAL BOND FUND** | **OCEAN PARK TACTICAL BOND FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
| **Shares** |  | **Fair Value** |
|  | **OPEN END FUNDS — 23.9% (Continued)** |  |
|  | **FIXED INCOME - 23.9% (Continued)** |  |
| 12129823 | Osterweis Strategic Income Fund, Class I | &nbsp;&nbsp;&nbsp; $136581809 |
| 8685488 | PGIM High Yield Fund, Class Z | &nbsp;&nbsp;&nbsp; 42211474 |
| 24184 | PGIM Short Duration High Yield, Class Z | &nbsp;&nbsp;&nbsp; 205563 |
| 0<sup>(d)</sup> | PIMCO High Yield Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 1 |
| 0<sup>(d)</sup> | PIMCO High Yield Spectrum Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 0<sup>(e)</sup> |
| 4567 | Principal High Yield Fund, Institutional Class | &nbsp;&nbsp;&nbsp; 30826 |
| 1226671 | RBC BlueBay High Yield Bond Fund, Class I | &nbsp;&nbsp;&nbsp; 12242176 |
|  | **TOTAL OPEN END FUNDS (Cost $447,966,627)** | &nbsp;&nbsp; 463061781 |
|  | **SHORT-TERM INVESTMENTS — 10.3%** |  |
|  | **COLLATERAL FOR SECURITIES LOANED - 10.2%** |  |
| 197235350 | First American Government Obligations Fund, Class X, 4.25%<sup>(b)(c)</sup> **(Cost $197,235,350)** | &nbsp;&nbsp;&nbsp; 197235350 |
|  | **MONEY MARKET FUND - 0.1%** |  |
| 1900662 | First American Government Obligations Fund, Class X, 4.25%<sup>(c)</sup> **(Cost $1,900,662)** | &nbsp;&nbsp;&nbsp; 1900662 |
|  | **TOTAL SHORT-TERM INVESTMENTS (Cost $199,136,012)** | 199136012 |
|  | **TOTAL INVESTMENTS - 110.1% (Cost $2,094,329,162)** | &nbsp;&nbsp;&nbsp; $2132301734 |
|  | **LIABILITIES IN EXCESS OF OTHER ASSETS - (10.1)%** | &nbsp;&nbsp; (196435547) |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $1935866187 |

---

---

| | |
|:---|:---|
| ETF | - Exchange-Traded Fund |
| 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 $193,970,752, as of June 30, 2025. |
| <sup>(b)</sup> | Security was purchased with cash received as collateral for securities on loan at June 30, 2025. Total collateral had a value of $197,235,350 at June 30, 2025. |
| <sup>(c)</sup> | Rate disclosed is the seven day effective yield as of June 30, 2025. |
| <sup>(d)</sup> | Less than one share. |
| <sup>(e)</sup> | Less than $1 USD. |

---

## 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 Bond Fund

- **b. EDGAR series identifier (if any):** S000066392

- **c. LEI of Series:** 549300P6MYV5EPWLXJ55

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1937943815.13

**Total Liabilities:** $2077628.01

**Net Assets:** $1935866187.12

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000214245 | -4.70%               | -0.52%               | 1.62%                |
| Class ID C000214244 | -4.63%               | -0.49%               | 1.70%                |
| Class ID C000214242 | -4.65%               | -0.50%               | 1.69%                |
| Class ID C000214243 | -4.60%               | -0.47%               | 1.72%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-42177113.56            | $-66188090.35                              |
| Month 2  | $-24839922.17            | $10771039.74                               |
| Month 3  | $242306.08               | $24012560.12                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Fidelity Salem Street Trust                      | FID-HI INC               | CUSIP: 316146406<br>LEI: S4W85DGKOEJ24DPRB829 | Long             | EC               | RF                | US        |     50221 | NS      | $403274.12    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Prudential Investment Portfolios Inc. 15         | PGIM-HI YLD-Z            | CUSIP: 74440Y801<br>LEI: 5493004GW6X6EIMPJD18 | Long             | EC               | RF                | US        |   8636625 | NS      | $41973997.36  | 2.17%             |  |  |  | No            | 1                  | On Loan: No      |
| iShares Trust                                    | ISHARES BROAD US         | CUSIP: 46435U853<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |   8122600 | NS      | $304678726.00 | 15.74%            |  |  |  | No            | 1                  | On Loan: No      |
| iShares Trust                                    | ISHARES 0-5 HY C         | CUSIP: 46434V407<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |   2382000 | NS      | $102759480.00 | 5.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Principal Funds Inc                              | PRINC-H/Y-INS            | CUSIP: 74254U481<br>LEI: 549300HZGBXSW6DSXF23 | Long             | EC               | RF                | US        |      4543 | NS      | $30665.82     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Flexshares Trust                                 | FLEXSHARES HIGH          | CUSIP: 33939L662<br>LEI: 5493007FU2RQX77I4604 | Long             | EC               | RF                | US        |    248800 | NS      | $10208264.00  | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| SSGA Active Trust                                | SPDR HI INCOME           | CUSIP: 78470P846<br>LEI: 549300MAXSRPQ75ICU67 | Long             | EC               | RF                | US        |     92200 | NS      | $2635998.00   | 0.14%             |  |  |  | No            | 1                  | On Loan: —       |
| PIMCO Funds Pacific Investment Management Series | PIMCO-H/Y-INS            | CUSIP: 693390841<br>LEI: N/A                  | Long             | EC               | RF                | US        |         0 | NS      | $1.09         | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Metropolitan West Funds                          | MW-H/Y BND-I             | CUSIP: 592905848<br>LEI: 549300KGDNJW6FXNDC82 | Long             | EC               | RF                | US        |        13 | NS      | $117.90       | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| iShares Trust                                    | ISHARES F A ETF          | CUSIP: 46435G474<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |   1133100 | NS      | $30752334.00  | 1.59%             |  |  |  | No            | 1                  | On Loan: No      |
| SPDR Series Trust                                | SPDR BLOOMBERG H         | CUSIP: 78468R622<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |   2090200 | NS      | $203313754.00 | 10.50%            |  |  |  | No            | 1                  | On Loan: No      |
| SPDR Series Trust                                | SPDR PORT HY BD          | CUSIP: 78468R606<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |   8548100 | NS      | $203444780.00 | 10.51%            |  |  |  | No            | 1                  | On Loan: No      |
| J P Morgan Exchange Traded Fund Trust            | JPMORGAN BETABUI         | CUSIP: 46641Q878<br>LEI: 5493001E1K1DVWDV2464 | Long             | EC               | RF                | US        |    265700 | NS      | $12392248.00  | 0.64%             |  |  |  | No            | 1                  | On Loan: —       |
| iShares Trust                                    | ISHARES IBOXX HI         | CUSIP: 464288513<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |   4012200 | NS      | $323583930.00 | 16.72%            |  |  |  | No            | 1                  | On Loan: —       |
| Prudential Investment Portfolios Inc. 15         | PGIM-S/D H/Y-Z           | CUSIP: 74442J307<br>LEI: 5493004GW6X6EIMPJD18 | Long             | EC               | RF                | US        |     24056 | NS      | $204472.03    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Fidelity Summer Street Trust                     | FID-CAP & INC            | CUSIP: 316062108<br>LEI: P1TJ3M056NR1SYX5LY49 | Long             | EC               | RF                | US        |     18805 | NS      | $196701.83    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| First American Funds Inc.                        | FRST AM-GV OB-X          | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   1900662 | PA      | $1900662.30   | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| PGIM ETF Trust                                   | PGIM ACTIVE HIGH         | CUSIP: 69344A206<br>LEI: 549300OXS91LYTDQF355 | Long             | EC               | RF                | US        |    128300 | NS      | $4553367.00   | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Blackrock Funds V                                | BLR-SF V-BRHY-IS         | CUSIP: 09260B630<br>LEI: 54930077DSFQPJDWM487 | Long             | EC               | RF                | US        |  28378353 | NS      | $204040356.25 | 10.54%            |  |  |  | No            | 1                  | On Loan: No      |
| iShares Trust                                    | ISHARES HIGH YIE         | CUSIP: 46435G250<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |    427800 | NS      | $20309805.00  | 1.05%             |  |  |  | No            | 1                  | On Loan: No      |
| VanEck ETF Trust                                 | V/E F ANGL HI YL         | CUSIP: 92189F437<br>LEI: 549300ZLFKNTXC51ZN76 | Long             | EC               | RF                | US        |   1049200 | NS      | $30720576.00  | 1.59%             |  |  |  | No            | 1                  | On Loan: No      |
| American Beacon Funds                            | A/B-SIM H/Y-Y            | CUSIP: 024524290<br>LEI: 549300EXCES9V5RWB620 | Long             | EC               | RF                | US        |   1094196 | NS      | $10121309.39  | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Massmutual Premier Funds                         | MSSMTL-H/Y-I             | CUSIP: 57629H327<br>LEI: E8MCNB0YZSDBDPFJ3093 | Long             | EC               | RF                | US        |      2298 | NS      | $18709.51     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| American Century Investment Trust                | AC-HI INC-Y              | CUSIP: 024932154<br>LEI: 549300RGSU9J1L1HFF90 | Long             | EC               | RF                | US        |   1782065 | NS      | $15539607.07  | 0.80%             |  |  |  | No            | 1                  | On Loan: No      |
| Nuveen Mutual Funds                              | NUVEEN HIGH YIEL         | CUSIP: 886315795<br>LEI: N/A                  | Long             | EC               | RF                | US        |      4360 | NS      | $38626.22     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| DBX ETF Trust                                    | XTRACKERS USD HI         | CUSIP: 233051432<br>LEI: DNLQXYGHEZ10Q9SIK386 | Long             | EC               | RF                | US        |   2755500 | NS      | $101733060.00 | 5.26%             |  |  |  | No            | 1                  | On Loan: No      |
| First Trust Exchange-Traded Fund IV              | FT-TACT HI YIELD         | CUSIP: 33738D408<br>LEI: 5493006CBTW7P2B31B80 | Long             | EC               | RF                | US        |    241600 | NS      | $10101296.00  | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| SPDR Series Trust                                | SPDR BLOOMBERG S         | CUSIP: 78468R408<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |   4025200 | NS      | $102562096.00 | 5.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Professionally Managed Portfolios                | OSTERWEISS ST-IN         | CUSIP: 742935489<br>LEI: 254900BPISCYGRJD2727 | Long             | EC               | RF                | US        |  12080437 | NS      | $136025725.63 | 7.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Neuberger Berman Income Funds                    | NB-HI INC BD-INS         | CUSIP: 64128K868<br>LEI: 54930087F7MMJ21RIJ90 | Long             | EC               | RF                | US        |         0 | NS      | $0.66         | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Rbc Funds Trust                                  | RBC-BB US HY-I           | CUSIP: 74926P381<br>LEI: 549300456VUEP58RCU35 | Long             | EC               | RF                | US        |   1226671 | NS      | $12242175.87  | 0.63%             |  |  |  | No            | 1                  | On Loan: No      |
| PIMCO Funds                                      | PIMCO-HY SP-INS          | CUSIP: 72201W204<br>LEI: 5493003B5Y5GR0Y25Y76 | Long             | EC               | RF                | US        |         0 | NS      | $0.02         | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| BNY Mellon ETF Trust                             | BNY MELLON HIGH          | CUSIP: 09661T800<br>LEI: 549300E2C8EQYJ7B0H81 | Long             | EC               | RF                | US        |    131600 | NS      | $6354227.04   | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Allspring Funds Trust                            | ALLSP-S/T HI-INS         | CUSIP: 94987W752<br>LEI: 549300XROIY0CTN7RZ24 | Long             | EC               | RF                | US        |   2478078 | NS      | $19552039.05  | 1.01%             |  |  |  | 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      |
| Eaton Vance Series Trust II                      | EV-INC FD B-INS          | CUSIP: 277907200<br>LEI: 549300SG4QXAFN8Y0697 | Long             | EC               | RF                | US        |   3879783 | NS      | $20407660.47  | 1.05%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2025-07-28

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

**Signature:** James Colantino

**Name of Signer:** James Colantino

**Title:** Treasurer