NPORT-P false 0001352621 XXXXXXXX S000031503 C000097924 C000158836 C000097925 C000211501 Northern Lights Variable Trust 811-21853 0001352621 549300JG5J5V82S8VI88 225 PICTORIA DRIVE SUITE 450 CINCINNATI 45246 631-470-2600 TOPS Balanced ETF Portfolio S000031503 549300VPGO1ULIQDTI28 2025-12-31 2025-09-30 N 145365451.02 821589.85 144543861.17 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 N/A UST iShares Trust 5493000860OXIC4B5K91 46434V647 227320.00000000 NS USD 5810299.20000000 4.019748160156 Long EC RF US N 1 N N N Vanguard Charlotte Funds 549300Z9BHDBGHMJLU94 92203J407 29190.00000000 NS USD 1443737.40000000 0.998823048114 Long EC RF US N 1 N N N Vanguard International Equity Index Funds 549300UR5XWDVDO7NP96 922042858 80288.00000000 NS USD 4350003.84000000 3.009469793313 Long EC RF US N 1 N N N iShares Trust 5493000860OXIC4B5K91 464287242 103495.00000000 NS USD 11536587.65000000 7.981375034967 Long EC RF US N 1 N N Vanguard Scottsdale Funds 549300Y88GQ3VLJIBX57 92206C771 61411.00000000 NS USD 2883860.56000000 1.995145651054 Long EC RF US N 1 N N N SPDR Series Trust 5493004JVD6CQEEJSS37 78464A409 27743.00000000 NS USD 2899420.93000000 2.005910805571 Long EC RF US N 1 N N N Vanguard Scottsdale Funds 549300Y88GQ3VLJIBX57 92206C102 98162.00000000 NS USD 5776833.70000000 3.996595672233 Long EC RF US N 1 N N N SPDR Series Trust 5493004JVD6CQEEJSS37 78468R853 124960.00000000 NS USD 5788147.20000000 4.004422708199 Long EC RF US N 1 N N N SPDR Series Trust 5493004JVD6CQEEJSS37 78464A847 126387.00000000 NS USD 7228072.53000000 5.000608446109 Long EC RF US N 1 N N N Vanguard Malvern Funds 549300EW16IGZDA38J20 922020805 342194.00000000 NS USD 17325282.22000000 11.98617643098 Long EC RF US N 1 N N N Ishares Inc 549300MGJZCNMJLBAJ67 46434G764 42873.00000000 NS USD 2894356.23000000 2.002406886443 Long EC RF US N 1 N N N VanEck ETF Trust 549300ZLFKNTXC51ZN76 92189H300 169752.00000000 NS USD 4330373.52000000 2.995888919078 Long EC RF US N 1 N N N iShares Trust 5493000860OXIC4B5K91 46434V290 19342.00000000 NS USD 1438077.70000000 0.994907489228 Long EC RF US N 1 N N N SPDR Series Trust 5493004JVD6CQEEJSS37 78468R200 93579.00000000 NS USD 2887847.94000000 1.997904246243 Long EC RF US N 1 N N N Vanguard Index Funds 549300G6KNDK44WUN559 922908363 21293.00000000 NS USD 13039407.34000000 9.021073073912 Long EC RF US N 1 N N N Vanguard Scottsdale Funds 549300Y88GQ3VLJIBX57 92206C706 120229.00000000 NS USD 7217346.87000000 4.993188096387 Long EC RF US N 1 N N N Vanguard Tax Managed Funds 549300PTTIGTMUA02X28 921943858 217575.00000000 NS USD 13037094.00000000 9.019472632370 Long EC RF US N 1 N N N SPDR Series Trust 5493004JVD6CQEEJSS37 78464A474 333917.00000000 NS USD 10114345.93000000 6.997423375942 Long EC RF US N 1 N N N Flexshares Trust 5493007FU2RQX77I4604 33939L407 98914.00000000 NS USD 4330454.92000000 2.995945234164 Long EC RF US N 1 N N N Wisdomtree Trust 549300SEVJBU47TE8855 97717X578 38119.00000000 NS USD 1446234.86000000 1.000550869676 Long EC RF US N 1 N N N DBX ETF Trust DNLQXYGHEZ10Q9SIK386 233051432 155549.00000000 NS USD 5772423.39000000 3.993544480737 Long EC RF US N 1 N N N SPDR Series Trust 5493004JVD6CQEEJSS37 78464A508 183217.00000000 NS USD 10137396.61000000 7.013370563055 Long EC RF US N 1 N N N Short-Term Invts T 549300UJV6OHYATSFU27 825252885 3232077.82000000 PA USD 3232077.82000000 2.236053329306 Long STIV RF US N 1 N N N 2025-10-28 Northern Lights Variable Trust James Colantino James Colantino Treasurer XXXX