# EDGAR Filing Document

**Accession Number:** 0001518042
**File Stem:** 0000910472-26-005968
**Filing Date:** 2026-4
**Character Count:** 40722
**Document Hash:** 1e6e53abf1dac8c0df50a974d4659309
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-005968.hdr.sgml**: 20260428

**ACCESSION NUMBER**: 0000910472-26-005968

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260428

**DATE AS OF CHANGE**: 20260428

**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:** 26904819

**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

### The Future Fund Long/Short ETF (Series ID: S000074927)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000233373 | The Future Fund Long/Short ETF |  |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **ONE GLOBAL ETF** | **ONE GLOBAL ETF** | **ONE GLOBAL ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 95.6%** |  |
|  | **AEROSPACE & DEFENSE - 8.6%** |  |
| 3424 | AeroVironment, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $863704 |
| 13850 | Airbus S.E. - ADR | &nbsp;&nbsp;&nbsp; 750255 |
| 12403 | BAE Systems plc - ADR | &nbsp;&nbsp;&nbsp; 1438747 |
| 10609 | Embraer S.A. - ADR | &nbsp;&nbsp;&nbsp; 766182 |
| 3450 | General Dynamics Corporation | &nbsp;&nbsp;&nbsp; 1231823 |
| 7896 | Mercury Systems, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 702981 |
| 59025 | Rolls-Royce Holdings plc - ADR | &nbsp;&nbsp;&nbsp; 1099046 |
| 9978 | Safran S.A. - ADR | &nbsp;&nbsp;&nbsp; 1003787 |
|  |  | &nbsp;&nbsp; 7856525 |
|  | **APPAREL & TEXTILE PRODUCTS - 1.0%** |  |
| 15153 | NIKE, Inc., Class B | &nbsp;&nbsp;&nbsp; 942214 |
|  | **ASSET MANAGEMENT - 4.6%** |  |
| 13974 | AllianceBernstein Holding, L.P. | &nbsp;&nbsp;&nbsp; 548619 |
| 755 | Blackrock, Inc. | &nbsp;&nbsp;&nbsp; 802739 |
| 10351 | Charles Schwab Corporation (The) | &nbsp;&nbsp;&nbsp; 985415 |
| 2549 | LPL Financial Holdings, Inc. | &nbsp;&nbsp;&nbsp; 765669 |
| 26545 | UBS Group A.G. | &nbsp;&nbsp;&nbsp; 1099759 |
|  |  | &nbsp;&nbsp; 4202201 |
|  | **AUTOMOTIVE - 1.1%** |  |
| 8004 | Lear Corporation | &nbsp;&nbsp;&nbsp; 1050525 |
|  | **BANKING - 4.2%** |  |
| 19644 | Bank of America Corporation | &nbsp;&nbsp;&nbsp; 978861 |
| 8504 | Citigroup, Inc. | &nbsp;&nbsp;&nbsp; 937056 |
| 2626 | Credicorp Ltd. | &nbsp;&nbsp;&nbsp; 909594 |
| 3674 | JPMorgan Chase & Company | &nbsp;&nbsp;&nbsp; 1103301 |
|  |  | &nbsp;&nbsp; 3928812 |
|  | **BEVERAGES - 1.6%** |  |
| 14025 | Celsius Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 751880 |
| 6308 | Fomento Economico Mexicano S.A.B. de C.V. - ADR | &nbsp;&nbsp;&nbsp; 708515 |
|  |  | &nbsp;&nbsp; 1460395 |
|  | **BIOTECH & PHARMA - 6.4%** |  |
| 1085 | Argenx S.E. - ADR<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 832108 |

---

---

| | | |
|:---|:---|:---|
| **ONE GLOBAL ETF** | **ONE GLOBAL ETF** | **ONE GLOBAL ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 95.6% (Continued)** |  |
|  | **BIOTECH & PHARMA - 6.4% (Continued)** |  |
| 17352 | Galderma Group A.G. - ADR | &nbsp;&nbsp;&nbsp; $657294 |
| 3623 | Gilead Sciences, Inc. | &nbsp;&nbsp;&nbsp; 539646 |
| 15898 | Halozyme Therapeutics, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1105388 |
| 4901 | Johnson & Johnson | &nbsp;&nbsp;&nbsp; 1217555 |
| 3137 | Vertex Pharmaceuticals, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1558555 |
|  |  | &nbsp;&nbsp; 5910546 |
|  | **CHEMICALS - 0.7%** |  |
| 15297 | Air Liquide S.A. - ADR | &nbsp;&nbsp;&nbsp; 642474 |
|  | **CONSTRUCTION MATERIALS - 0.8%** |  |
| 8674 | Knife River Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 771813 |
|  | **DATA CENTER REIT - 1.3%** |  |
| 1246 | Equinix, Inc. | &nbsp;&nbsp;&nbsp; 1213928 |
|  | **E-COMMERCE DISCRETIONARY - 3.5%** |  |
| 5150 | Alibaba Group Holding Ltd. - ADR | &nbsp;&nbsp;&nbsp; 742167 |
| 11738 | Amazon.com, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2464981 |
|  |  | &nbsp;&nbsp; 3207148 |
|  | **ELECTRIC UTILITIES - 1.9%** |  |
| 17252 | Dominion Energy, Inc. | &nbsp;&nbsp;&nbsp; 1089291 |
| 7064 | National Grid plc - ADR | &nbsp;&nbsp;&nbsp; 662391 |
|  |  | &nbsp;&nbsp; 1751682 |
|  | **ELECTRICAL EQUIPMENT - 2.1%** |  |
| 4337 | BWX Technologies, Inc. | &nbsp;&nbsp;&nbsp; 893335 |
| 16193 | Schneider Electric S.E. - ADR | &nbsp;&nbsp;&nbsp; 1055946 |
|  |  | &nbsp;&nbsp; 1949281 |
|  | **ENGINEERING & CONSTRUCTION - 1.0%** |  |
| 25104 | Tetra Tech, Inc. | &nbsp;&nbsp;&nbsp; 899727 |
|  | **HEALTH CARE FACILITIES & SERVICES - 1.3%** |  |
| 6820 | GeneDx Holdings Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 543622 |
| 9054 | HealthEquity, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 692541 |
|  |  | &nbsp;&nbsp; 1236163 |

---

---

| | | |
|:---|:---|:---|
| **ONE GLOBAL ETF** | **ONE GLOBAL ETF** | **ONE GLOBAL ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 95.6% (Continued)** |  |
|  | **HOME CONSTRUCTION - 0.7%** |  |
| 4106 | DR Horton, Inc. | &nbsp;&nbsp;&nbsp; $658561 |
|  | **HOUSEHOLD PRODUCTS - 1.9%** |  |
| 67015 | Haleon plc - ADR | &nbsp;&nbsp;&nbsp; 741856 |
| 14329 | Unilever plc - ADR | &nbsp;&nbsp;&nbsp; 1056763 |
|  |  | &nbsp;&nbsp; 1798619 |
|  | **INSTITUTIONAL FINANCIAL SERVICES - 1.7%** |  |
| 14423 | Lazard, Inc. | &nbsp;&nbsp;&nbsp; 729804 |
| 27395 | London Stock Exchange Group plc - ADR | &nbsp;&nbsp;&nbsp; 820480 |
|  |  | &nbsp;&nbsp; 1550284 |
|  | **INSURANCE - 1.6%** |  |
| 2182 | Aon PLC, Class A | &nbsp;&nbsp;&nbsp; 731996 |
| 10351 | MetLife, Inc. | &nbsp;&nbsp;&nbsp; 745996 |
|  |  | &nbsp;&nbsp; 1477992 |
|  | **INTERNET MEDIA & SERVICES - 8.8%** |  |
| 7965 | Alphabet, Inc., Class A<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 2483169 |
| 6564 | Baidu, Inc. - ADR<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 816824 |
| 5168 | DoorDash, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 911997 |
| 2045 | Meta Platforms, Inc., Class A | &nbsp;&nbsp;&nbsp; 1325528 |
| 9966 | Netflix, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 959128 |
| 2064 | Spotify Technology S.A.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1062836 |
| 6343 | Uber Technologies, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 478389 |
|  |  | &nbsp;&nbsp; 8037871 |
|  | **LEISURE FACILITIES & SERVICES - 2.7%** |  |
| 27443 | DraftKings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 654241 |
| 35000 | Norwegian Cruise Line Holdings Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 867650 |
| 57694 | Super Group SGHC Ltd. | &nbsp;&nbsp;&nbsp; 617326 |
| 55781 | Wynn Macau Ltd. - ADR | &nbsp;&nbsp;&nbsp; 401065 |
|  |  | &nbsp;&nbsp; 2540282 |
|  | **LEISURE PRODUCTS - 0.9%** |  |
| 19248 | YETI Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 841330 |
|  | **MACHINERY - 1.6%** |  |
| 1212 | Caterpillar, Inc. | &nbsp;&nbsp;&nbsp; 900310 |

---

---

| | | |
|:---|:---|:---|
| **ONE GLOBAL ETF** | **ONE GLOBAL ETF** | **ONE GLOBAL ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 95.6% (Continued)** |  |
|  | **MACHINERY - 1.6% (Continued)** |  |
| 15261 | Smiths Group plc - ADR | &nbsp;&nbsp;&nbsp; $573203 |
|  |  | &nbsp;&nbsp; 1473513 |
|  | **MEDICAL EQUIPMENT & DEVICES - 3.5%** |  |
| 6516 | Abbott Laboratories | &nbsp;&nbsp;&nbsp; 758137 |
| 41387 | ConvaTec Group plc - ADR | &nbsp;&nbsp;&nbsp; 573624 |
| 9865 | Edwards Lifesciences Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 853027 |
| 2005 | Thermo Fisher Scientific, Inc. | &nbsp;&nbsp;&nbsp; 1044825 |
|  |  | &nbsp;&nbsp; 3229613 |
|  | **OIL & GAS PRODUCERS - 3.4%** |  |
| 22183 | BP PLC - ADR | &nbsp;&nbsp;&nbsp; 862031 |
| 5705 | Chevron Corporation | &nbsp;&nbsp;&nbsp; 1065466 |
| 8097 | Exxon Mobil Corporation | &nbsp;&nbsp;&nbsp; 1234792 |
|  |  | &nbsp;&nbsp; 3162289 |
|  | **OIL & GAS SERVICES & EQUIPMENT - 1.2%** |  |
| 16557 | TechnipFMC plc | &nbsp;&nbsp;&nbsp; 1097895 |
|  | **RETAIL - CONSUMER STAPLES - 1.0%** |  |
| 6757 | Walmart, Inc. | &nbsp;&nbsp;&nbsp; 864558 |
|  | **RETAIL - DISCRETIONARY - 2.4%** |  |
| 10883 | Floor & Decor Holdings, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 751906 |
| 2214 | Home Depot, Inc. (The) | &nbsp;&nbsp;&nbsp; 842914 |
| 3714 | RH<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 615447 |
|  |  | &nbsp;&nbsp; 2210267 |
|  | **SEMICONDUCTORS - 10.2%** |  |
| 2325 | Applied Materials, Inc. | &nbsp;&nbsp;&nbsp; 865598 |
| 4000 | Broadcom, Inc. | &nbsp;&nbsp;&nbsp; 1278200 |
| 2000 | Coherent Corp.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 517860 |
| 19343 | NVIDIA Corporation | &nbsp;&nbsp;&nbsp; 3427387 |
| 11000 | ON Semiconductor Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 731280 |
| 2500 | Onto Innovation, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 539725 |
| 4048 | Taiwan Semiconductor Manufacturing Company Ltd. - ADR | &nbsp;&nbsp;&nbsp; 1516300 |
| 5844 | Universal Display Corporation | &nbsp;&nbsp;&nbsp; 623496 |
|  |  | &nbsp;&nbsp; 9499846 |

---

---

| | | |
|:---|:---|:---|
| **ONE GLOBAL ETF** | **ONE GLOBAL ETF** | **ONE GLOBAL ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 95.6% (Continued)** |  |
|  | **SOFTWARE - 2.1%** |  |
| 2968 | Microsoft Corporation | &nbsp;&nbsp;&nbsp; $1165652 |
| 5274 | Palo Alto Networks, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 785404 |
|  |  | &nbsp;&nbsp; 1951056 |
|  | **TECHNOLOGY HARDWARE - 8.0%** |  |
| 13560 | Apple, Inc. | &nbsp;&nbsp;&nbsp; 3582282 |
| 9494 | Cisco Systems, Inc. | &nbsp;&nbsp;&nbsp; 754393 |
| 1948 | InterDigital, Inc. | &nbsp;&nbsp;&nbsp; 714000 |
| 45535 | Nintendo Company Ltd. - ADR | &nbsp;&nbsp;&nbsp; 640222 |
| 11000 | Pure Storage, Inc., CLASS A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 706420 |
| 38661 | Sony Group Corporation - ADR | &nbsp;&nbsp;&nbsp; 891523 |
|  |  | &nbsp;&nbsp; 7288840 |
|  | **TECHNOLOGY SERVICES - 2.0%** |  |
| 14154 | Block, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 901610 |
| 2932 | Visa, Inc., Class A | &nbsp;&nbsp;&nbsp; 938650 |
|  |  | &nbsp;&nbsp; 1840260 |
|  | **TELECOMMUNICATIONS - 1.8%** |  |
| 10805 | Millicom International Cellular S.A. | &nbsp;&nbsp;&nbsp; 787576 |
| 4002 | T-Mobile US, Inc. | &nbsp;&nbsp;&nbsp; 868794 |
|  |  | &nbsp;&nbsp; 1656370 |
|  | **TOTAL COMMON STOCKS (Cost $80,673,719)** | &nbsp;&nbsp; 88202880 |
|  | **TOTAL INVESTMENTS - 95.6% (Cost $80,673,719)** | &nbsp;&nbsp;&nbsp; $88202880 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES- 4.4%** | &nbsp;&nbsp; 4061025 |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $92263905 |

---

<sup>(a)</sup> Non-income producing security. <br> <sup>(b)</sup> All or a portion of this security is held as collateral.

---

| | | |
|:---|:---|:---|
| **THE FUTURE FUND LONG/SHORT ETF** | **THE FUTURE FUND LONG/SHORT ETF** | **THE FUTURE FUND LONG/SHORT ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 65.6%** |  |
|  | **AEROSPACE & DEFENSE - 6.8%** |  |
| 10861 | Embraer S.A. - ADR<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;$784381 |
| 32590 | Rolls-Royce Holdings plc - ADR<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;606826 |
| 13036 | Safran S.A. - ADR<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;1311422 |
|  |  | &nbsp;&nbsp;&nbsp;2702629 |
|  | **ASSET MANAGEMENT - 1.9%** |  |
| 2518 | LPL Financial Holdings, Inc. <sup>(b)</sup> | &nbsp;&nbsp;&nbsp;756357 |
|  | **BIOTECH & PHARMA - 5.2%** |  |
| 17728 | Halozyme Therapeutics, Inc.<sup>(a), (b)</sup> | &nbsp;&nbsp;&nbsp;1232628 |
| 1677 | Vertex Pharmaceuticals, Inc.<sup>(a), (b)</sup> | &nbsp;&nbsp;&nbsp;833184 |
|  |  | &nbsp;&nbsp;&nbsp;2065812 |
|  | **DATA CENTER REIT - 3.0%** |  |
| 1228 | Equinix, Inc. <sup>(b)</sup> | &nbsp;&nbsp;&nbsp;1196391 |
|  | **E-COMMERCE DISCRETIONARY - 4.6%** |  |
| 5177 | Alibaba Group Holding Ltd. - ADR<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;746057 |
| 5261 | Amazon.com, Inc.<sup>(a), (b)</sup> | &nbsp;&nbsp;&nbsp;1104811 |
|  |  | &nbsp;&nbsp;&nbsp;1850868 |
|  | **ENGINEERING & CONSTRUCTION - 1.6%** |  |
| 17808 | Tetra Tech, Inc. <sup>(b)</sup> | &nbsp;&nbsp;&nbsp;638239 |
|  | **HEALTH CARE FACILITIES & SERVICES - 1.9%** |  |
| 9618 | HealthEquity, Inc.<sup>(a), (b)</sup> | &nbsp;&nbsp;&nbsp;735681 |
|  | **INTERNET MEDIA & SERVICES - 11.5%** |  |
| 4447 | Alphabet, Inc., Class A<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;1386398 |
| 4716 | Baidu, Inc. - ADR<sup>(a), (b)</sup> | &nbsp;&nbsp;&nbsp;586859 |
| 1817 | DoorDash, Inc., Class A<sup>(a), (b)</sup> | &nbsp;&nbsp;&nbsp;320646 |
| 856 | Meta Platforms, Inc., Class A<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;554842 |
| 8218 | Netflix, Inc.<sup>(a), (b)</sup> | &nbsp;&nbsp;&nbsp;790900 |
| 12158 | Uber Technologies, Inc.<sup>(a), (b)</sup> | &nbsp;&nbsp;&nbsp;916956 |
|  |  | &nbsp;&nbsp;&nbsp;4556601 |
|  | **LEISURE FACILITIES & SERVICES - 2.1%** |  |
| 34356 | DraftKings, Inc.<sup>(a), (b)</sup> | &nbsp;&nbsp;&nbsp;819047 |

---

---

| | | |
|:---|:---|:---|
| **THE FUTURE FUND LONG/SHORT ETF** | **THE FUTURE FUND LONG/SHORT ETF** | **THE FUTURE FUND LONG/SHORT ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 65.6% (Continued)** |  |
|  | **LEISURE PRODUCTS - 2.0%** |  |
| 17733 | YETI Holdings, Inc.<sup>(a), (b)</sup> | &nbsp;&nbsp;&nbsp;$775109 |
|  | **MEDICAL EQUIPMENT & DEVICES - 3.6%** |  |
| 16456 | Edwards Lifesciences Corporation<sup>(a), (b)</sup> | &nbsp;&nbsp;&nbsp;1422950 |
|  | **OIL & GAS SERVICES & EQUIPMENT - 2.7%** |  |
| 16295 | TechnipFMC plc<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;1080521 |
|  | **RETAIL - DISCRETIONARY - 2.5%** |  |
| 14129 | Floor & Decor Holdings, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;976173 |
|  | **SEMICONDUCTORS - 9.6%** |  |
| 2046 | Broadcom, Inc. | &nbsp;&nbsp;&nbsp;653799 |
| 2094 | Coherent Corp.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;542199 |
| 8072 | NVIDIA Corporation <sup>(b)</sup> | &nbsp;&nbsp;&nbsp;1430278 |
| 10354 | ON Semiconductor Corporation<sup>(a), (b)</sup> | &nbsp;&nbsp;&nbsp;688334 |
| 5116 | Rambus, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;509861 |
|  |  | &nbsp;&nbsp;&nbsp;3824471 |
|  | **SOFTWARE - 3.3%** |  |
| 2046 | Datadog, Inc., Class A<sup>(a), (b)</sup> | &nbsp;&nbsp;&nbsp;229070 |
| 7222 | Palo Alto Networks, Inc.<sup>(a), (b)</sup> | &nbsp;&nbsp;&nbsp;1075500 |
|  |  | &nbsp;&nbsp;&nbsp;1304570 |
|  | **TECHNOLOGY HARDWARE - 1.0%** |  |
| 6140 | Pure Storage, Inc., CLASS A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;394311 |

---

---

| | | |
|:---|:---|:---|
| **THE FUTURE FUND LONG/SHORT ETF** | **THE FUTURE FUND LONG/SHORT ETF** | **THE FUTURE FUND LONG/SHORT ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 65.6% (Continued)** |  |
|  | **TECHNOLOGY SERVICES - 2.3% (Continued)** |  |
| 14112 | Block, Inc.<sup>(a), (b)</sup> | $898934 |
|  | **TOTAL COMMON STOCKS (Cost $22,756,753)** | &nbsp;&nbsp;&nbsp;25998664 |
|  | **TOTAL INVESTMENTS - 65.6% (Cost $22,756,753)** | &nbsp;&nbsp;&nbsp;$25998664 |
|  | **TOTAL SECURITIES SOLD SHORT – (41.8)% (Proceeds - $14,964,245)** | &nbsp;&nbsp;&nbsp; (16558380) |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES – 76.2%** | &nbsp;&nbsp;&nbsp;30120736 |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp;&nbsp;$39561020 |

---

---

| | | |
|:---|:---|:---|
| **SCHEDULE OF SECURITIES SOLD SHORT (Unaudited)** | **SCHEDULE OF SECURITIES SOLD SHORT (Unaudited)** | **SCHEDULE OF SECURITIES SOLD SHORT (Unaudited)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **BUSINESS DEVELOPMENT COMPANIES — (2.6)%** |  |
|  | **ASSET MANAGEMENT - (2.6)%** |  |
| (56000) | Ares Capital Corporation | &nbsp;&nbsp;&nbsp;$(1042720) |
|  | **COMMON STOCKS — (39.2)%** |  |
|  | **BANKING - (4.5)%** |  |
| (16000) | Banco Latinoamericano de Comercio Exterior S.A., Class E | &nbsp;&nbsp;&nbsp; (800480) |
| (11000) | Cathay General Bancorp | &nbsp;&nbsp;&nbsp; (546810) |
| (4000) | East West Bancorp, Inc. | &nbsp;&nbsp;&nbsp; (437800) |
|  |  | &nbsp;&nbsp;&nbsp; (1785090) |
|  | **COMMERCIAL SUPPORT SERVICES - (3.4)%** |  |
| (20000) | H&R Block, Inc. | &nbsp;&nbsp;&nbsp; (612400) |
| (30000) | Robert Half International, Inc. | &nbsp;&nbsp;&nbsp; (732600) |
|  |  | &nbsp;&nbsp;&nbsp; (1345000) |
|  | **ELECTRICAL EQUIPMENT - (1.0)%** |  |
| (1500) | Vertiv Holdings Company, Class A | &nbsp;&nbsp;&nbsp; (382335) |

---

---

| | | |
|:---|:---|:---|
| **THE FUTURE FUND LONG/SHORT ETF** | **THE FUTURE FUND LONG/SHORT ETF** | **THE FUTURE FUND LONG/SHORT ETF** |
| **SCHEDULE OF SECURITIES SOLD SHORT (Unaudited) (Continued)** | **SCHEDULE OF SECURITIES SOLD SHORT (Unaudited) (Continued)** | **SCHEDULE OF SECURITIES SOLD SHORT (Unaudited) (Continued)** |
| **February 28, 2026** | **February 28, 2026** | **February 28, 2026** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — (39.2)% (Continued)** |  |
|  | **ENGINEERING & CONSTRUCTION - (3.0)%** |  |
| (2100) | Quanta Services, Inc. | &nbsp;&nbsp;&nbsp;$(1182468) |
|  | **ENTERTAINMENT CONTENT - (1.4)%** |  |
| (8000) | ROBLOX Corporation, Class A | &nbsp;&nbsp;&nbsp; (549280) |
|  | **HEALTH CARE FACILITIES & SERVICES - (6.7)%** |  |
| (4000) | Charles River Laboratories International, Inc. | &nbsp;&nbsp;&nbsp; (713960) |
| (3000) | Cigna Group (The) | &nbsp;&nbsp;&nbsp; (869460) |
| (2000) | HCA Healthcare, Inc. | &nbsp;&nbsp;&nbsp; (1059400) |
|  |  | &nbsp;&nbsp;&nbsp; (2642820) |
|  | **INSTITUTIONAL FINANCIAL SERVICES - (1.1)%** |  |
| (2500) | Coinbase Global, Inc., Class A | &nbsp;&nbsp;&nbsp; (439625) |
|  | **INTERNET MEDIA & SERVICES - (1.8)%** |  |
| (23000) | Match Group, Inc. | &nbsp;&nbsp;&nbsp; (726800) |
|  | **SEMICONDUCTORS - (2.5)%** |  |
| (3000) | Advanced Micro Devices, Inc. | &nbsp;&nbsp;&nbsp; (600630) |
| (1000) | Micron Technology, Inc. | &nbsp;&nbsp;&nbsp; (412370) |
|  |  | &nbsp;&nbsp;&nbsp; (1013000) |
|  | **SOFTWARE - (3.6)%** |  |
| (5000) | Palantir Technologies, Inc., Class A | &nbsp;&nbsp;&nbsp; (685950) |
| (1700) | Snowflake, Inc., Class A | &nbsp;&nbsp;&nbsp; (286297) |
| (2500) | Veeva Systems, Inc., Class A | &nbsp;&nbsp;&nbsp; (455025) |
|  |  | &nbsp;&nbsp;&nbsp; (1427272) |
|  | **SPECIALTY FINANCE - (1.6)%** |  |
| (9000) | Synchrony Financial | &nbsp;&nbsp;&nbsp; (621990) |
|  | **TECHNOLOGY HARDWARE - (3.4)%** |  |
| (9000) | Corning, Inc. | &nbsp;&nbsp;&nbsp; (1353420) |
|  | **TECHNOLOGY SERVICES - (5.2)%** |  |
| (4000) | Accenture PLC, Class A | &nbsp;&nbsp;&nbsp; (834880) |
| (8000) | Affirm Holdings, Inc., Class A | &nbsp;&nbsp;&nbsp; (375840) |
| (4000) | Equifax, Inc. | &nbsp;&nbsp;&nbsp; (835840) |
|  |  | &nbsp;&nbsp;&nbsp; (2046560) |
|  | **TOTAL SECURITIES SOLD SHORT - (Proceeds - $14,964,245)** | &nbsp;&nbsp;&nbsp;$(16558380) |
| <br>(a) Non-income producing security.<br> (b) All or a portion of the security is held as collateral. | <br>(a) Non-income producing security.<br> (b) All or a portion of the security is held as collateral. | <br>(a) Non-income producing security.<br> (b) All or a portion of the security is held as collateral. |

---

## 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:** The Future Fund Long/Short ETF

- **b. EDGAR series identifier (if any):** S000074927

- **c. LEI of Series:** 5493000GS7QCQZWUSJ25

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

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

- **b. Date as of which information is reported:** 2026-02-28

**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:** $56327388.91

**Total Liabilities:** $16766368.74

**Net Assets:** $39561020.17

**Cash Not Reported:** $28366973.90

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000233373 | 0.43%                | 0.95%                | -4.01%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $36036.64                | $154802.20                                 |
| Month 2  | $1230181.66              | $-883136.69                                |
| Month 3  | $-2128843.15             | $564821.98                                 |

**Designated Index Information**

- **Index Name:** S&P 500 (TR)

- **Index Identifier:** 500TR

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Corning Incorporated                           | CORNING INC      | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Short            | EC               | CORP              | US        |     -9000 | NS      | $-1353420.00  | -3.42%            |  |  |  | No            |                  1 | On Loan: No      |
| East West Bancorp Inc                          | EAST WEST BNCRP  | CUSIP: 27579R104<br>LEI: 254900O4X656YXFOYB11 | Short            | EC               | CORP              | US        |     -4000 | NS      | $-437800.00   | -1.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Snowflake Inc                                  | SNOWFLAKE INC    | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Short            | EC               | CORP              | US        |     -1700 | NS      | $-286297.00   | -0.72%            |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                   | BROADCOM INC     | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      2046 | NS      | $653799.30    | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Tetra Tech Inc                                 | TETRA TECH INC   | CUSIP: 88162G103<br>LEI: 549300UJ1LP7JGJC5P32 | Long             | EC               | CORP              | US        |     17808 | NS      | $638238.72    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                                   | DOORDASH INC-A   | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |      1817 | NS      | $320645.99    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Equifax Inc.                                   | EQUIFAX INC      | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Short            | EC               | CORP              | US        |     -4000 | NS      | $-835840.00   | -2.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                                  | ACCENTURE PLC-A  | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Short            | EC               | CORP              | IE        |     -4000 | NS      | $-834880.00   | -2.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Pure Storage Inc                               | PURE STORAGE-A   | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |      6140 | NS      | $394310.80    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                                 | TECHNIPFMC PLC   | CUSIP: G87110105<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |     16295 | NS      | $1080521.45   | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                                  | ALPHABET INC-A   | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      4447 | NS      | $1386396.72   | 3.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc                          | UBER TECHNOLOGIE | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     12158 | NS      | $916956.36    | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Match Group Inc                                | MATCH GROUP INC  | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Short            | EC               | CORP              | US        |    -23000 | NS      | $-726800.00   | -1.84%            |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services, Inc.                          | QUANTA SERVICES  | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Short            | EC               | CORP              | US        |     -2100 | NS      | $-1182468.00  | -2.99%            |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems Inc                              | VEEVA SYSTEMS-A  | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Short            | EC               | CORP              | US        |     -2500 | NS      | $-455025.00   | -1.15%            |  |  |  | No            |                  1 | On Loan: No      |
| Safran SA                                      | SAFRAN SA-ADR    | CUSIP: 786584102<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |     13036 | NS      | $1311421.60   | 3.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Floor And Decor Holding Inc.                   | FLOOR & DECOR-A  | CUSIP: 339750101<br>LEI: 549300M5FR3N688XGQ36 | Long             | EC               | CORP              | US        |     14129 | NS      | $976172.61    | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| ON Semiconductor Corp.                         | ON SEMICONDUCTOR | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |     10354 | NS      | $688333.92    | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.                                  | NETFLIX INC      | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      8218 | NS      | $790900.32    | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Block(H&R)Inc                                  | H&R BLOCK INC    | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Short            | EC               | CORP              | US        |    -20000 | NS      | $-612400.00   | -1.55%            |  |  |  | No            |                  1 | On Loan: No      |
| DraftKings Inc.                                | DRAFTKINGS INC   | CUSIP: 26142V105<br>LEI: 2549006G33IUL6IVOD83 | Long             | EC               | CORP              | US        |     34356 | NS      | $819047.04    | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Rambus Inc.                                    | RAMBUS INC       | CUSIP: 750917106<br>LEI: 2549000211GDCQSLV833 | Long             | EC               | CORP              | US        |      5116 | NS      | $509860.56    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Yeti Holdings Inc                              | YETI HOLDINGS IN | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |     17733 | NS      | $775109.43    | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Healthcare Inc                             | HCA HEALTHCARE I | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Short            | EC               | CORP              | US        |     -2000 | NS      | $-1059400.00  | -2.68%            |  |  |  | No            |                  1 | On Loan: No      |
| Equinix, Inc.                                  | EQUINIX INC      | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |      1228 | NS      | $1196391.28   | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Block Inc                                      | BLOCK INC        | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |     14112 | NS      | $898934.40    | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc                      | PALANTIR TECHN-A | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Short            | EC               | CORP              | US        |     -5000 | NS      | $-685950.00   | -1.73%            |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc.                    | ADV MICRO DEVICE | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Short            | EC               | CORP              | US        |     -3000 | NS      | $-600630.00   | -1.52%            |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                               | AMAZON.COM INC   | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      5261 | NS      | $1104810.00   | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp                                  | COHERENT CORP    | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |      2094 | NS      | $542199.42    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                                   | NVIDIA CORP      | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      8072 | NS      | $1430277.68   | 3.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Affirm Holdings Inc                            | AFFIRM HOLDINGS  | CUSIP: 00827B106<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -8000 | NS      | $-375840.00   | -0.95%            |  |  |  | No            |                  1 | On Loan: No      |
| Ares Capital Corp.                             | ARES CAPITAL COR | CUSIP: 04010L103<br>LEI: WEQ82666OJYSI5GUAB47 | Short            | EC               | RF                | US        |    -56000 | NS      | $-1042720.00  | -2.64%            |  |  |  | No            |                  1 | On Loan: No      |
| Baidu Inc.                                     | BAIDU INC-SP ADR | CUSIP: 056752108<br>LEI: 254900AL64IANZYI1E02 | Long             | EC               | CORP              | KY        |      4716 | NS      | $586859.04    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles River Laboratories International, Inc. | CHARLES RIVER LA | CUSIP: 159864107<br>LEI: 549300BSQ0R4UZ5KX287 | Short            | EC               | CORP              | US        |     -4000 | NS      | $-713960.00   | -1.80%            |  |  |  | No            |                  1 | On Loan: No      |
| Robert Half Inc.                               | ROBERT HALF INC  | CUSIP: 770323103<br>LEI: 529900VPCUY9H3HLIC08 | Short            | EC               | CORP              | US        |    -30000 | NS      | $-732600.00   | -1.85%            |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co                             | VERTIV HOLDING-A | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Short            | EC               | CORP              | US        |     -1500 | NS      | $-382335.00   | -0.97%            |  |  |  | No            |                  1 | On Loan: No      |
| Coinbase Global Inc                            | COINBASE GLOBA-A | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Short            | EC               | CORP              | US        |     -2500 | NS      | $-439625.00   | -1.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Banco Latinoamericano De Comercio Exterior SA  | BANCO LATINOAM-E | CUSIP: P16994132<br>LEI: 549300CN3134K4LC0651 | Short            | EC               | CORP              | PA        |    -16000 | NS      | $-800480.00   | -2.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                             | META PLATFORMS-A | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |       856 | NS      | $554842.08    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Incorporated            | VERTEX PHARM     | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      1677 | NS      | $833183.91    | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial                            | SYNCHRONY FINANC | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Short            | EC               | CORP              | US        |     -9000 | NS      | $-621990.00   | -1.57%            |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc                         | PALO ALTO NETWOR | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |      7222 | NS      | $1075500.24   | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Embraer S.A.                                   | EMBRAER SA-ADR   | CUSIP: 29082A107<br>LEI: 549300EM51WYXFHUY333 | Long             | EC               | CORP              | BR        |     10861 | NS      | $784381.42    | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| The Cigna Group                                | THE CIGNA GROUP  | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Short            | EC               | CORP              | US        |     -3000 | NS      | $-869460.00   | -2.20%            |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc                      | HALOZYME THERAPE | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |     17728 | NS      | $1232627.84   | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc.                    | LPL FINANCIAL HO | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |      2518 | NS      | $756356.84    | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Roblox Corporation                             | ROBLOX CORP - A  | CUSIP: 771049103<br>LEI: 529900ANZDBDFU91SO19 | Short            | EC               | CORP              | US        |     -8000 | NS      | $-549280.00   | -1.39%            |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                                    | DATADOG INC-A    | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |      2046 | NS      | $229070.16    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Edwards Lifesciences Corporation               | EDWARDS LIFE     | CUSIP: 28176E108<br>LEI: YA13X31F3V31L8TMPR58 | Long             | EC               | CORP              | US        |     16456 | NS      | $1422950.32   | 3.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc.                         | MICRON TECH      | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Short            | EC               | CORP              | US        |     -1000 | NS      | $-412370.00   | -1.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Cathay General Bancorp                         | CATHAY GENERAL B | CUSIP: 149150104<br>LEI: 549300K1SLJ8C97H5L68 | Short            | EC               | CORP              | US        |    -11000 | NS      | $-546810.00   | -1.38%            |  |  |  | No            |                  1 | On Loan: No      |
| Rolls-Royce Holdings PLC                       | ROLLS-ROYCE-ADR  | CUSIP: 775781206<br>LEI: 213800EC7997ZBLZJH69 | Long             | EC               | CORP              | GB        |     32590 | NS      | $606825.80    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthequity Inc                               | HEALTHEQUITY INC | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Long             | EC               | CORP              | US        |      9618 | NS      | $735680.82    | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd.                     | ALIBABA GRP-ADR  | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |      5177 | NS      | $746057.47    | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-27

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

**Signature:** Erik Naviloff

**Name of Signer:** Erik Naviloff

**Title:** Treasurer