# EDGAR Filing Document

**Accession Number:** 0001518042
**File Stem:** 0001752724-23-016796
**Filing Date:** 2023-1
**Character Count:** 13904
**Document Hash:** b3e52ef5263019fbbf585d8eb65bbcc0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-016796.hdr.sgml**: 20230127

**ACCESSION NUMBER**: 0001752724-23-016796

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230127

**DATE AS OF CHANGE**: 20230127

**PERIOD START**: 20221130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NORTHERN LIGHTS FUND TRUST II
- **CENTRAL INDEX KEY:** 0001518042
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22549
- **FILM NUMBER:** 23563773

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

**MAIL ADDRESS:**
- **STREET 1:** 4221 NORTH 203RD STREET, SUITE 100
- **CITY:** ELKHORN
- **STATE:** NE
- **ZIP:** 68022

## Series and Classes Contracts Data

### North Star Bond Fund (Series ID: S000045834)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000142876 | North Star Bond Fund Class I Shares | NSBDX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** NORTHERN LIGHTS FUND TRUST II

- **b. Investment Company Act file number:** 811-22549

- **c. CIK number of Registrant:** 0001518042

- **d. LEI of Registrant:** 549300TH7YXW5G2QY588

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

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

  - **City:** CINCINNATI

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

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

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

- **a. Name of Series:** North Star Bond Fund

- **b. EDGAR series identifier (if any):** S000045834

- **c. LEI of Series:** 549300LVFYSURXH1FN39

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

- **a. Date of fiscal year-end:** 2022-11-30

- **b. Date as of which information is reported:** 2022-11-30

**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:** $27160794.21

**Total Liabilities:** $67913.28

**Net Assets:** $27092880.93

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 406.08723600 | **5-Year:** 221.15883400 | **10-Year:** 0.00000000 | **30-Year:** 25.00000000

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

- **3-Month:** 131.36808100 | **1-Year:** 1704.69566700 | **5-Year:** 1566.11128900 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000142876 | -1.56%               | 0.20%                | 1.14%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-518881.78                                |
| Month 2  | $-18613.64               | $2847.72                                   |
| Month 3  | $0.00                    | $270840.02                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Ford Motor Company                 | F 7 1/8 11/15/25    | CUSIP: 345370BN9<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1387975.50   | 5.12%             | 2025-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills       | B 02/23/23          | CUSIP: 912796T33<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    800000 | PA      | $792286.46    | 2.92%             | 2023-02-23      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Blackstone Mortgage Trust, Inc     | BXMT 4 3/4 03/15/23 | CUSIP: 09257WAC4<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | DBT              | CORP              | US        |   1422000 | PA      | $1429110.00   | 5.27%             | 2023-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| The Goodyear Tire & Rubber Company | GT 9 1/2 05/31/25   | CUSIP: 382550BH3<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |   1310000 | PA      | $1361728.63   | 5.03%             | 2025-05-31      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Vornado Realty Lp                  | VNO 3 1/2 01/15/25  | CUSIP: 929043AJ6<br>LEI: 549300BMOJ05INE4YK86 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $930545.43    | 3.43%             | 2025-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Owens & Minor Inc                  | OMI 4 3/8 12/15/24  | CUSIP: 690732AE2<br>LEI: 549300LMT5KQQXCEZ733 | Long             | DBT              | CORP              | US        |   1355000 | PA      | $1297669.29   | 4.79%             | 2024-12-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Trinity Industries, Inc.           | TRN 4.55 10/01/24   | CUSIP: 896522AH2<br>LEI: R1JB4KXN77XFCXOQKV49 | Long             | DBT              | CORP              | US        |   1475000 | PA      | $1421457.50   | 5.25%             | 2024-10-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bills       | B 04/06/23          | CUSIP: 912796YN3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    600000 | PA      | $591265.75    | 2.18%             | 2023-04-06      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.               | JPM 4.2 PERP        | CUSIP: 48128B523<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |     19000 | NS      | $347700.00    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| IIP Operating Partnership LP       | IIPR 5 1/2 05/25/26 | CUSIP: 44988FAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1375000 | PA      | $1214270.15   | 4.48%             | 2026-05-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| The Scotts Miracle-Gro Company     | SMG 5 1/4 12/15/26  | CUSIP: 810186AP1<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | DBT              | CORP              | US        |   1360000 | PA      | $1301343.20   | 4.80%             | 2026-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wendy's International Inc.         | WEN 7 12/15/25      | CUSIP: 950590AG4<br>LEI: 529900M0JIUCMWVKHG76 | Long             | DBT              | CORP              | US        |   1321000 | PA      | $1333549.50   | 4.92%             | 2025-12-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| The Greenbrier Companies, Inc.     | GBX 2 7/8 02/01/24  | CUSIP: 393657AK7<br>LEI: 5493001GAGGFR30BP390 | Long             | DBT              | CORP              | US        |   1106000 | PA      | $1064525.00   | 3.93%             | 2024-02-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Under Armour, Inc.                 | UA 3 1/4 06/15/26   | CUSIP: 904311AA5<br>LEI: 549300D4549QKWETZ406 | Long             | DBT              | CORP              | US        |   1525000 | PA      | $1344028.25   | 4.96%             | 2026-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Paramount Global                   | VIAC 5 3/4          | CUSIP: 92556H305<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | EP               | CORP              | US        |     15000 | NS      | $469350.00    | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Brinker International, Inc.        | EAT 3 7/8 05/15/23  | CUSIP: 109641AG5<br>LEI: 52990067JY6PBGJNTG76 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1338984.00   | 4.94%             | 2023-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Lumen Technologies Inc             | CTL 5 5/8 04/01/25  | CUSIP: 156700AZ9<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1226078.25   | 4.53%             | 2025-04-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| The J M Smucker Company            | SJM 3 1/2 03/15/25  | CUSIP: 832696AK4<br>LEI: 5493000WDH6A0LHDJD55 | Long             | DBT              | CORP              | US        |    800000 | PA      | $777167.74    | 2.87%             | 2025-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Mellon Capital IV                  | BK Float PERP       | CUSIP: 58551TAA5<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    250000 | PA      | $196646.86    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| AMC Networks Inc                   | AMCX 4 3/4 08/01/25 | CUSIP: 00164VAE3<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |    825000 | PA      | $732158.63    | 2.70%             | 2025-08-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Compass Diversified                | CODI 7 7/8 PERP     | CUSIP: 20451Q302<br>LEI: 5299001SM1LBYANJRR58 | Long             | EP               | CORP              | US        |     19576 | NS      | $489008.48    | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| B. Riley Financial Inc             | RILY 6 3/8          | CUSIP: 05580M868<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     19000 | NS      | $454480.00    | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Winnebago Industries Inc.          | WGO 1 1/2 04/01/25  | CUSIP: 974637AB6<br>LEI: 549300B7OYKYJLTE3G11 | Long             | DBT              | CORP              | US        |    700000 | PA      | $777875.00    | 2.87%             | 2025-04-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Murphy Oil Corporation             | MUR 5 3/4 08/15/25  | CUSIP: 626717AJ1<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1445954.36   | 5.34%             | 2025-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Hercules Capital Inc               | HTGC 2 5/8 09/16/26 | CUSIP: 427096AH5<br>LEI: 549300UJ5OC256GR2B73 | Long             | DBT              | CORP              | US        |    500000 | PA      | $422967.46    | 1.56%             | 2026-09-16      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Golub Capital BDC Inc.             | GBDC 3 3/8 04/15/24 | CUSIP: 38173MAA0<br>LEI: 2549005WE0QLGK9APF78 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $958485.09    | 3.54%             | 2024-04-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Bank of America Corporation        | BAC 4 PERP          | CUSIP: 060505815<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |     16500 | NS      | $330990.00    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST AMERN FDS INC                | FIRST AM-TR OB-X    | CUSIP: 31846V328<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |    571240 | PA      | $571239.95    | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills       | B 05/25/23          | CUSIP: 912796ZF9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    900000 | PA      | $880217.71    | 3.25%             | 2023-05-25      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-28

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

**Signature:** Erik Naviloff

**Name of Signer:** Erik Naviloff

**Title:** Treasurer