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            <swapFlag>Y</swapFlag>
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            <terminationDt>2021-09-20</terminationDt>
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        </derivativeInfo>
        <securityLending>
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      </invstOrSec>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <issuerConditional desc="Swap" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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            <counterparties>
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              <counterpartyLei>N/A</counterpartyLei>
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                    <othIndName>10 year Canadian Govt Bond Future</othIndName>
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                      <ticker value="GXA Index"/>
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                    <othIndName>EURO STOXX 50 Index Option</othIndName>
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                      <other otherDesc="Internal id" value="USD/GBP"/>
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                    <othIndName>NOK/EUR</othIndName>
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                    <othIndName>BRO/USD</othIndName>
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                      <other otherDesc="Internal id" value="BRO/USD"/>
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                    <othIndName>OMXS30</othIndName>
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                      <ticker value="QCA Index"/>
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              </indexBasketInfo>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance</otherRecDesc>
            <fixedPmntDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="0.5"/>
            <terminationDt>2022-01-31</terminationDt>
            <upfrontPmnt>0</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>-265993292.39</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>11007347.65</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>US BANK MMDA</name>
        <lei>N/A</lei>
        <title>US BANK MMDA-USBGFS 5</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="8AMMF0A92"/>
        </identifiers>
        <balance>19954752.42000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>19954752.42000000</valUSD>
        <pctVal>8.600829635898</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Cash" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-01-28</ncom:dateSigned>
      <ncom:nameOfApplicant>Northern Lights Fund Trust</ncom:nameOfApplicant>
      <ncom:signature>James Colantino</ncom:signature>
      <ncom:signerName>James Colantino</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
