# EDGAR Filing Document

**Accession Number:** 0001518042
**File Stem:** 0000910472-26-001062
**Filing Date:** 2026-1
**Character Count:** 22228
**Document Hash:** eb7f14f24cef8997fae3ee93fa98c014
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-001062.hdr.sgml**: 20260129

**ACCESSION NUMBER**: 0000910472-26-001062

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260129

**DATE AS OF CHANGE**: 20260129

**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:** 26576190

**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

### Weitz Multisector Bond ETF (Series ID: S000094335)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000262837 | Weitz Multisector Bond ETF |  |

## 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:** Weitz MultiSector Bond ETF

- **b. EDGAR series identifier (if any):** S000094335

- **c. LEI of Series:** 529900VJWJ730ADVUH24

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

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

- **b. Date as of which information is reported:** 2025-11-30

**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:** $8000112.00

**Total Liabilities:** $1707492.00

**Net Assets:** $6292620.00

**Cash Not Reported:** $813545.35

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 23.78491700 | **5-Year:** 1038.88458500 | **10-Year:** 748.68953500 | **30-Year:** 354.28177100

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

- **3-Month:** 0.00000000 | **1-Year:** 91.55924100 | **5-Year:** 300.93039700 | **10-Year:** 122.39289200 | **30-Year:** 3.21606300

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000262837 | 0.00%                | 0.00%                | 0.00%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $0.00                                      |
| Month 2  | $0.00                    | $0.00                                      |
| Month 3  | $-0.36                   | $31687.00                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Wayfair LLC                                                        | W 6 3/4 11/15/32      | CUSIP: 94419NAC1<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51142.65     | 0.81%             | 2032-11-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                   | FN MA5072             | CUSIP: 31418ET67<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    699910 | PA      | $711626.62    | 11.31%            | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                   | FR SD8521             | CUSIP: 3132DWPE7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    125899 | PA      | $120013.89    | 1.91%             | 2055-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                | PAWS 2025-1A A2       | CUSIP: 69433FAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $150000.00    | 2.38%             | 2056-01-30      | Fixed         | 6.82%                 | Yes           |                  2 | On Loan: No      |
| Highwoods Realty Limited Partnership                               | HIW 5.35 01/15/33     | CUSIP: 431282AV4<br>LEI: JUJNVZX73BIYHLR58F51 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50228.48     | 0.80%             | 2033-01-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                              | FN FS8486             | CUSIP: 3140XQNC7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    107818 | PA      | $106088.13    | 1.69%             | 2052-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LFS TopCo LLC                                                      | LENDMK 8 3/4 07/15/30 | CUSIP: 50203TAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $195726.50    | 3.11%             | 2030-07-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                   | FR SD8348             | CUSIP: 3132DWHZ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    319107 | PA      | $319844.82    | 5.08%             | 2053-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                   | FN MA5353             | CUSIP: 31418E5P1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    129118 | PA      | $130838.35    | 2.08%             | 2054-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                   | FN MA5190             | CUSIP: 31418EXU9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    454249 | PA      | $461479.55    | 7.33%             | 2053-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LOANCORE 2021-CRE5 ISSUER LTD                                      | LNCR 2021-CRE5 D      | CUSIP: 53947XAL6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    200000 | PA      | $200718.60    | 3.19%             | 2036-07-15      | Floating      | 7.07%                 | Yes           |                  2 | On Loan: No      |
| Whirlpool Corp.                                                    | WHR 6 1/2 06/15/33    | CUSIP: 963320BE5<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49721.85     | 0.79%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Burford Capital Global Finance LLC                                 | BURLN 6 1/4 04/15/28  | CUSIP: 12116LAA7<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |     75000 | PA      | $74835.00     | 1.19%             | 2028-04-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| A10 2025-FL6 ISSUER LLC                                            | A10 2025-FL6 C        | CUSIP: 00028AAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $99813.30     | 1.59%             | 2042-05-15      | Floating      | 6.84%                 | Yes           |                  2 | On Loan: No      |
| SKY1 TR 2025-LINE                                                  | SKY1 2025-LINE A      | CUSIP: 830941AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    197544 | PA      | $198893.08    | 3.16%             | 2042-04-15      | Floating      | 6.55%                 | Yes           |                  2 | On Loan: No      |
| Golar LNG Limited                                                  | GLNG 7 1/2 10/02/30   | CUSIP: 38046YAE1<br>LEI: 213800C2VSFZG3EZLO34 | Long             | DBT              | CORP              | BM        |     50000 | PA      | $48517.31     | 0.77%             | 2030-10-02      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Polaris Inc.                                                       | PII 5.6 03/01/31      | CUSIP: 731068AB8<br>LEI: 549300QJSN8UVWN1EI78 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50661.65     | 0.81%             | 2031-03-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| SunCoke Energy, Inc.                                               | SXC 4 7/8 06/30/29    | CUSIP: 86722AAD5<br>LEI: 1KF1J2NXQE2PI0QOB943 | Long             | DBT              | CORP              | US        |     50000 | PA      | $45789.81     | 0.73%             | 2029-06-30      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| FS Rialto 2021-Fl2 Issuer Ltd.                                     | FSRIA 2021-FL2 D      | CUSIP: 30319YAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    200000 | PA      | $200711.00    | 3.19%             | 2038-05-16      | Floating      | 6.87%                 | Yes           |                  2 | On Loan: No      |
| Equipmentshare Com Inc.                                            | EQMSRM 9 05/15/28     | CUSIP: 29450YAA7<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40876.24     | 0.65%             | 2028-05-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                   | FN MA5189             | CUSIP: 31418EXT2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    122259 | PA      | $122415.04    | 1.95%             | 2053-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| A10 2025-FL6 ISSUER LLC                                            | A10 2025-FL6 B        | CUSIP: 00028AAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100162.40    | 1.59%             | 2042-05-15      | Floating      | 6.44%                 | Yes           |                  2 | On Loan: No      |
| LMNT CRE LLC 2025-FL3                                              | LMNT 2025-FL3 C       | CUSIP: 50208TAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    200000 | PA      | $200700.00    | 3.19%             | 2043-07-21      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                   | FR SD6706             | CUSIP: 3132DUNX1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    160392 | PA      | $157585.62    | 2.50%             | 2054-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                   | FR SD4977             | CUSIP: 3132DSQ62<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    101290 | PA      | $101549.79    | 1.61%             | 2053-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| A10 2025-FL6 ISSUER LLC                                            | A10 2025-FL6 D        | CUSIP: 00028AAJ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100165.10    | 1.59%             | 2042-05-15      | Floating      | 7.44%                 | Yes           |                  2 | On Loan: No      |
| Midas Opco Holdings LLC                                            | STGW 5 5/8 08/15/29   | CUSIP: 59565JAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $97259.01     | 1.55%             | 2029-08-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| ACREC 2021-FL1                                                     | ACREC 2021-FL1 D      | CUSIP: 00500RAJ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    300000 | PA      | $299234.10    | 4.76%             | 2036-10-16      | Floating      | 6.73%                 | Yes           |                  2 | On Loan: No      |
| LOANCORE 2021-CRE5 ISSUER LTD                                      | LNCR 2021-CRE5 C      | CUSIP: 53947XAJ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    100000 | PA      | $100134.80    | 1.59%             | 2036-07-15      | Floating      | 6.42%                 | Yes           |                  2 | On Loan: No      |
| BRSP 2021-FL1 LTD                                                  | BRSP 2021-FL1 D       | CUSIP: 05591XAJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    200000 | PA      | $200721.20    | 3.19%             | 2038-08-19      | Floating      | 6.77%                 | Yes           |                  2 | On Loan: No      |
| Newell Brands Inc.                                                 | NWL 6 5/8 09/15/29    | CUSIP: 651229BD7<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     75000 | PA      | $73953.71     | 1.18%             | 2029-09-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                   | FN MA5387             | CUSIP: 31418E6Z8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    159415 | PA      | $159397.51    | 2.53%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cogent Communications Group LLC                                    | CCOI 7 06/15/27       | CUSIP: 19240CAE3<br>LEI: 549300KFWFYF8Q1U0Y26 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49580.52     | 0.79%             | 2027-06-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Bath & Body Works Inc                                              | BBWI 6 3/4 07/01/36   | CUSIP: 501797AM6<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |    150000 | PA      | $148640.06    | 2.36%             | 2036-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Rithm Capital Corp.                                                | RITM 8 07/15/30       | CUSIP: 64828TAC6<br>LEI: 549300WNTHGEO5LP2G31 | Long             | DBT              | CORP              | US        |    150000 | PA      | $153019.50    | 2.43%             | 2030-07-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| PFP 2024-11 LTD /LLC                                               | PFP 2024-11 A         | CUSIP: 69291WAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     66491 | PA      | $66874.52     | 1.06%             | 2039-09-17      | Floating      | 5.80%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                   | FR SD8372             | CUSIP: 3132DWJR5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    259274 | PA      | $263494.31    | 4.19%             | 2053-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NMABS ISSUER I LLC/NMABS ISSUER II LLC/NMABS CANADIAN ISSUER I L.P | NMNL 2025-1A C        | CUSIP: 629174AC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $501278.97    | 7.97%             | 2055-11-20      | Fixed         | 6.07%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                              | FN CB5580             | CUSIP: 3140QRFW8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    118969 | PA      | $117047.53    | 1.86%             | 2052-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WULF Compute LLC                                                   | WULF 7 3/4 10/15/30   | CUSIP: 982911AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $51736.02     | 0.82%             | 2030-10-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Stonebriar ABF Issuer LLC                                          | STONEB 8 1/8 12/15/30 | CUSIP: 86177CAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $101699.50    | 1.62%             | 2030-12-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                   | FN MA4940             | CUSIP: 31418EP20<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    186835 | PA      | $187375.36    | 2.98%             | 2053-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cliffs Inc                                               | CLF 7 5/8 01/15/34    | CUSIP: 18589GAA3<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51924.75     | 0.83%             | 2034-01-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| WBI Operations LLC                                                 | WBI 6 1/4 10/15/30    | CUSIP: 92944BAA9<br>LEI: 254900A83461EGRMOV11 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50058.50     | 0.80%             | 2030-10-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                              | FN MA5613             | CUSIP: 31418FGX9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    118600 | PA      | $118461.30    | 1.88%             | 2055-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                              | FN MA5585             | CUSIP: 31418FF36<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    103659 | PA      | $103545.59    | 1.65%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Six Flags Entertainment Corp.                                      | FUN 5 1/4 07/15/29    | CUSIP: 150190AE6<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |    100000 | PA      | $92830.33     | 1.48%             | 2029-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-26

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

**Signature:** Erik Naviloff

**Name of Signer:** Erik Naviloff

**Title:** Treasurer