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                    </identifiers>
                    <othIndNotAmt>83290.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-100.00000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>Ultra 10 year Treasury Notes Future</othIndName>
                    <identifiers>
                      <ticker value="QCN2 COMDTY"/>
                    </identifiers>
                    <othIndNotAmt>-103269.44000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>1546.61000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>EUR/USD</othIndName>
                    <identifiers>
                      <other otherDesc="Internal id" value="EUR/USD"/>
                    </identifiers>
                    <othIndNotAmt>-204395.50000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-856.23000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>GBP/USD</othIndName>
                    <identifiers>
                      <other otherDesc="Internal id" value="GBP/USD"/>
                    </identifiers>
                    <othIndNotAmt>-116886.43000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>135.79000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>Ultra 10 year Treasury Notes Future</othIndName>
                    <identifiers>
                      <ticker value="BPU2 CURNCY"/>
                    </identifiers>
                    <othIndNotAmt>-2131150.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-246.88000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>Ultra 10 year Treasury Notes Future</othIndName>
                    <identifiers>
                      <ticker value="QSQ2 COMDTY"/>
                    </identifiers>
                    <othIndNotAmt>449600.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-46875.00000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>Ultra 10 year Treasury Notes Future</othIndName>
                    <identifiers>
                      <ticker value="OATU2 COMDTY"/>
                    </identifiers>
                    <othIndNotAmt>-145234.85000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-356.46000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>Ultra 10 year Treasury Notes Future</othIndName>
                    <identifiers>
                      <ticker value="KCZ2 COMDTY"/>
                    </identifiers>
                    <othIndNotAmt>170287.50000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>281.25000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>Ultra 10 year Treasury Notes Future</othIndName>
                    <identifiers>
                      <ticker value="LHV2 COMDTY"/>
                    </identifiers>
                    <othIndNotAmt>-354700.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>14020.00000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>Ultra 10 year Treasury Notes Future</othIndName>
                    <identifiers>
                      <ticker value="ERH4 COMDTY"/>
                    </identifiers>
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                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>14992.12000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>Ultra 10 year Treasury Notes Future</othIndName>
                    <identifiers>
                      <ticker value="FCU2 COMDTY"/>
                    </identifiers>
                    <othIndNotAmt>-264337.50000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-5437.50000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>Ultra 10 year Treasury Notes Future</othIndName>
                    <identifiers>
                      <ticker value="GXU2 INDEX"/>
                    </identifiers>
                    <othIndNotAmt>-1338911.64000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>30980.22000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
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                  <component>
                    <othIndName>Ultra 10 year Treasury Notes Future</othIndName>
                    <identifiers>
                      <ticker value="SBH3 COMDTY"/>
                    </identifiers>
                    <othIndNotAmt>483515.20000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-3292.80000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>Ultra 10 year Treasury Notes Future</othIndName>
                    <identifiers>
                      <ticker value="W Z2 COMDTY"/>
                    </identifiers>
                    <othIndNotAmt>-135075.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>6662.50000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>NOK/EUR</othIndName>
                    <identifiers>
                      <other otherDesc="Internal id" value="NOK/EUR"/>
                    </identifiers>
                    <othIndNotAmt>1059267.10000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-2264.33000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>Ultra 10 year Treasury Notes Future</othIndName>
                    <identifiers>
                      <ticker value="OEU2 COMDTY"/>
                    </identifiers>
                    <othIndNotAmt>-1692610.35000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-2096.80000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>Ultra 10 year Treasury Notes Future</othIndName>
                    <identifiers>
                      <ticker value="CNU2 COMDTY"/>
                    </identifiers>
                    <othIndNotAmt>-1733677.78000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>33332.49000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>Ultra 10 year Treasury Notes Future</othIndName>
                    <identifiers>
                      <ticker value="SBV2 COMDTY"/>
                    </identifiers>
                    <othIndNotAmt>352240.00000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>-2486.40000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                  <component>
                    <othIndName>Ultra 10 year Treasury Notes Future</othIndName>
                    <identifiers>
                      <ticker value="ERU3 COMDTY"/>
                    </identifiers>
                    <othIndNotAmt>-165333.62000000</othIndNotAmt>
                    <othIndCurCd>USD</othIndCurCd>
                    <othIndValue>812.51000000</othIndValue>
                    <othIndIssCurCd>USD</othIndIssCurCd>
                  </component>
                </components>
              </indexBasketInfo>
            </descRefInstrmnt>
            <shareNo>101780.14180000</shareNo>
            <exercisePrice>0.00010000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2023-08-16</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-544870.82000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Returns are reported without deducting sales loads and redemption fees, if any." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2022-07-28</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>
</edgarSubmission>
