<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/nport" xmlns:com="http://www.sec.gov/edgar/common" xmlns:ncom="http://www.sec.gov/edgar/nportcommon" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.sec.gov/edgar/nport eis_NPORT_Filer.xsd">
  <headerData>
    <submissionType>NPORT-P</submissionType>
    <isConfidential>false</isConfidential>
    <filerInfo>

      <filer>
        <issuerCredentials>
          <cik>0001352621</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>


      <seriesClassInfo>
        <seriesId>S000031504</seriesId>
        <classId>C000158837</classId>
        <classId>C000097926</classId>
        <classId>C000097927</classId>
        <classId>C000211502</classId>
      </seriesClassInfo>

    </filerInfo>
  </headerData>
  <formData>
    <genInfo>
      <regName>Northern Lights Variable Trust</regName>
      <regFileNumber>811-21853</regFileNumber>
      <regCik>0001352621</regCik>
      <regLei>549300JG5J5V82S8VI88</regLei>
      <regStreet1>225 PICTORIA DRIVE</regStreet1>
      <regStreet2>SUITE 450</regStreet2>
      <regCity>CINCINNATI</regCity>
      <regStateConditional regCountry="US" regState="US-OH"/>
      <regZipOrPostalCode>45246</regZipOrPostalCode>
      <regPhone>631-470-2600</regPhone>
      <seriesName>TOPS Moderate ETF Portfolio</seriesName>
      <seriesId>S000031504</seriesId>
      <seriesLei>549300YDJH2RX6OEMR02</seriesLei>
      <repPdEnd>2026-12-31</repPdEnd>
      <repPdDate>2026-06-30</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>292216492.97</totAssets>
      <totLiabs>1526822.38</totLiabs>
      <netAssets>290689670.59</netAssets>
      <assetsAttrMiscSec>0.00000000</assetsAttrMiscSec>
      <assetsInvested>0.00000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.00000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.00000000</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.00000000</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0.00000000</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0.00000000</amtPayAftOneYrBanksBorr>
      <amtPayAftOneYrCtrldComp>0.00000000</amtPayAftOneYrCtrldComp>
      <amtPayAftOneYrOthAffil>0.00000000</amtPayAftOneYrOthAffil>
      <amtPayAftOneYrOther>0.00000000</amtPayAftOneYrOther>
      <delayDeliv>0.00000000</delayDeliv>
      <standByCommit>0.00000000</standByCommit>
      <liquidPref>0.00000000</liquidPref>
      <cshNotRptdInCorD>0.00000000</cshNotRptdInCorD>
      <borrowers>
        <borrower aggrVal="1597700.00000000" lei="RCNB6OTYUAMMP879YW96" name="BNP Paribas Securities Corp."/>
        <borrower aggrVal="463914.63000000" lei="549300RA02N3BNSWBV74" name="VIRTU AMERICAS LLC"/>
        <borrower aggrVal="12186857.47000000" lei="549300HN4UKV1E2R3U73" name="BOFA SECURITIES INC"/>
        <borrower aggrVal="8785384.09000000" lei="MBNUM2BPBDO7JBLYG310" name="Citigroup Global Markets Inc."/>
        <borrower aggrVal="7816702.22000000" lei="VYVVCKR63DVZZN70PB21" name="Wells Fargo Securities LLC"/>
        <borrower aggrVal="1044508.52000000" lei="ZBUT11V806EZRVTWT807" name="J.P. Morgan Securities LLC"/>
        <borrower aggrVal="5911617.98000000" lei="AC28XWWI3WIBK2824319" name="Barclays Capital Inc."/>
      </borrowers>
      <aggregateCondition isNonCashCollateral="Y">
        <aggregateInfos>
          <aggregateInfo amt="22139916.12596779" collatrl="21571873.62223588">
            <invstCat>N/A</invstCat>
          </aggregateInfo>
          <aggregateInfo amt="24619.73798142" collatrl="26284.64830405">
            <invstCat>UST</invstCat>
          </aggregateInfo>
        </aggregateInfos>
      </aggregateCondition>
      <returnInfo>
        <monthlyTotReturns>
          <monthlyTotReturn classId="C000158837" rtn1="5.93000000" rtn2="2.38000000" rtn3="0.20000000"/>
          <monthlyTotReturn classId="C000097926" rtn1="5.92000000" rtn2="2.47000000" rtn3="0.21000000"/>
          <monthlyTotReturn classId="C000097927" rtn1="5.86000000" rtn2="2.42000000" rtn3="0.23000000"/>
          <monthlyTotReturn classId="C000211502" rtn1="5.94" rtn2="2.43" rtn3=".17"/>
        </monthlyTotReturns>
        <othMon1 netRealizedGain="2033764.83000000" netUnrealizedAppr="12613301.90000000"/>
        <othMon2 netRealizedGain="405524.35000000" netUnrealizedAppr="6007748.44000000"/>
        <othMon3 netRealizedGain="677754.97000000" netUnrealizedAppr="-1007673.45000000"/>
      </returnInfo>
      <mon1Flow redemption="1141588.11000000" reinvestment="0.00000000" sales="5020147.99000000"/>
      <mon2Flow redemption="442414.54000000" reinvestment="0.00000000" sales="10838685.75000000"/>
      <mon3Flow redemption="3200570.95000000" reinvestment="0.00000000" sales="7249387.42000000"/>
    </fundInfo>
    <invstOrSecs>
      <invstOrSec>
        <name>SPDR SERIES TRUST</name>
        <lei>5493004JVD6CQEEJSS37</lei>
        <title>SPDR PORTFOLIO S</title>
        <cusip>78464A409</cusip>
        <identifiers>
          <isin value="US78464A4094"/>
        </identifiers>
        <balance>49365.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5873941.35000000</valUSD>
        <pctVal>2.020691460442</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ISHARES TRUST</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ISHARES GLB REIT</title>
        <cusip>46434V647</cusip>
        <identifiers>
          <isin value="US46434V6478"/>
        </identifiers>
        <balance>413342.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11416506.04000000</valUSD>
        <pctVal>3.927386211153</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VANGUARD TAX-MANAGED FUNDS</name>
        <lei>549300PTTIGTMUA02X28</lei>
        <title>VANGUARD FTSE ET</title>
        <cusip>921943858</cusip>
        <identifiers>
          <isin value="US9219438580"/>
        </identifiers>
        <balance>531325.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>37856906.25000000</valUSD>
        <pctVal>13.02313431817</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DBX ETF TRUST</name>
        <lei>DNLQXYGHEZ10Q9SIK386</lei>
        <title>XTRACKERS USD HI</title>
        <cusip>233051432</cusip>
        <identifiers>
          <isin value="US2330514322"/>
        </identifiers>
        <balance>238116.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8695996.32000000</valUSD>
        <pctVal>2.991505099699</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="8645197.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR SERIES TRUST</name>
        <lei>5493004JVD6CQEEJSS37</lei>
        <title>SS SPDR P SP600S</title>
        <cusip>78468R853</cusip>
        <identifiers>
          <isin value="US78468R8530"/>
        </identifiers>
        <balance>202424.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11673792.08000000</valUSD>
        <pctVal>4.015895045842</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VANGUARD INTERNATIONAL EQUITY INDEX FUNDS</name>
        <lei>549300UR5XWDVDO7NP96</lei>
        <title>VANGUARD FTSE EM</title>
        <cusip>922042858</cusip>
        <identifiers>
          <isin value="US9220428588"/>
        </identifiers>
        <balance>195892.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11692793.48000000</valUSD>
        <pctVal>4.022431707417</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1664082.42000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VANGUARD SCOTTSDALE FUNDS</name>
        <lei>549300Y88GQ3VLJIBX57</lei>
        <title>VANGUARD INTERME</title>
        <cusip>92206C706</cusip>
        <identifiers>
          <isin value="US92206C7065"/>
        </identifiers>
        <balance>146963.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8667877.74000000</valUSD>
        <pctVal>2.981832041849</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="8785384.09000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ISHARES INC</name>
        <lei>549300MGJZCNMJLBAJ67</lei>
        <title>ISHARES EX CHINA</title>
        <cusip>46434G764</cusip>
        <identifiers>
          <isin value="US46434G7640"/>
        </identifiers>
        <balance>57691.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5901789.30000000</valUSD>
        <pctVal>2.030271419008</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ISHARES TRUST</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ISHARES MSCI USA</title>
        <cusip>46434V290</cusip>
        <identifiers>
          <isin value="US46434V2907"/>
        </identifiers>
        <balance>65432.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5832608.48000000</valUSD>
        <pctVal>2.006472561670</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="301274.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WISDOMTREE TRUST</name>
        <lei>549300SEVJBU47TE8855</lei>
        <title>WSDTRE EMRG EXST</title>
        <cusip>97717X578</cusip>
        <identifiers>
          <isin value="US97717X5784"/>
        </identifiers>
        <balance>59942.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2947947.56000000</valUSD>
        <pctVal>1.014121882630</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR SERIES TRUST</name>
        <lei>5493004JVD6CQEEJSS37</lei>
        <title>SPDR-PORT S/T C</title>
        <cusip>78464A474</cusip>
        <identifiers>
          <isin value="US78464A4748"/>
        </identifiers>
        <balance>868728.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>26070527.28000000</valUSD>
        <pctVal>8.968508315787</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1654983.33000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VANGUARD MALVERN FUNDS</name>
        <lei>549300EW16IGZDA38J20</lei>
        <title>VANG SH TERM TIP</title>
        <cusip>922020805</cusip>
        <identifiers>
          <isin value="US9220208055"/>
        </identifiers>
        <balance>345833.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17371191.59000000</valUSD>
        <pctVal>5.975854441178</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR SERIES TRUST</name>
        <lei>5493004JVD6CQEEJSS37</lei>
        <title>SS SPDR P SP400M</title>
        <cusip>78464A847</cusip>
        <identifiers>
          <isin value="US78464A8475"/>
        </identifiers>
        <balance>345958.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>23372922.48000000</valUSD>
        <pctVal>8.040506713761</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="2448002.63000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VANGUARD SCOTTSDALE FUNDS</name>
        <lei>549300Y88GQ3VLJIBX57</lei>
        <title>VANGUARD MORTGAG</title>
        <cusip>92206C771</cusip>
        <identifiers>
          <isin value="US92206C7719"/>
        </identifiers>
        <balance>123318.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5772515.58000000</valUSD>
        <pctVal>1.985800034890</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="5858104.14000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FEDERATED GOVT OBLI FD-PRM</name>
        <lei>N/A</lei>
        <title>FEDERATED GOVT OBLI FD-PRM (SWEEP)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="CASHCOLLREINV"/>
        </identifiers>
        <balance>0.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="REINVESTED COLLATERAL" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="17116904.99000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VANGUARD CHARLOTTE FUNDS</name>
        <lei>549300Z9BHDBGHMJLU94</lei>
        <title>VANGUARD INTL BD</title>
        <cusip>92203J407</cusip>
        <identifiers>
          <isin value="US92203J4076"/>
        </identifiers>
        <balance>59741.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2893256.63000000</valUSD>
        <pctVal>0.995307684696</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ISHARES TRUST</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ISHARES IBOXX IN</title>
        <cusip>464287242</cusip>
        <identifiers>
          <isin value="US4642872422"/>
        </identifiers>
        <balance>132117.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14410001.19000000</valUSD>
        <pctVal>4.957176896156</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="699337.50000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VANGUARD INDEX FUNDS</name>
        <lei>549300G6KNDK44WUN559</lei>
        <title>VANGUARD S&amp;P 500</title>
        <cusip>922908363</cusip>
        <identifiers>
          <isin value="US9229083632"/>
        </identifiers>
        <balance>76614.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>52619261.34000000</valUSD>
        <pctVal>18.10152429331</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHORT-TERM INVESTMENTS TRUST</name>
        <lei>549300UJV6OHYATSFU27</lei>
        <title>INV-G&amp;A-INS</title>
        <cusip>825252885</cusip>
        <identifiers>
          <isin value="US8252528851"/>
        </identifiers>
        <balance>6564260.86000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6564260.86000000</valUSD>
        <pctVal>2.258167910361</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FLEXSHARES TRUST</name>
        <lei>5493007FU2RQX77I4604</lei>
        <title>FLEXSHARES GLOBA</title>
        <cusip>33939L407</cusip>
        <identifiers>
          <isin value="US33939L4077"/>
        </identifiers>
        <balance>235840.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11622195.20000000</valUSD>
        <pctVal>3.998145230413</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="7750319.80000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ISHARES TRUST</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ISHR BB CORP BND</title>
        <cusip>46435U473</cusip>
        <identifiers>
          <isin value="US46435U4739"/>
        </identifiers>
        <balance>123963.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5797749.51000000</valUSD>
        <pctVal>1.994480745818</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR SERIES TRUST</name>
        <lei>5493004JVD6CQEEJSS37</lei>
        <title>SS SPDR P SP500V</title>
        <cusip>78464A508</cusip>
        <identifiers>
          <isin value="US78464A5083"/>
        </identifiers>
        <balance>143023.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8694368.17000000</valUSD>
        <pctVal>2.990945000678</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VANECK ETF TRUST</name>
        <lei>549300ZLFKNTXC51ZN76</lei>
        <title>V/E JPM EM L C B</title>
        <cusip>92189H300</cusip>
        <identifiers>
          <isin value="US92189H3003"/>
        </identifiers>
        <balance>226340.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5785250.40000000</valUSD>
        <pctVal>1.990180933590</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <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>2026-07-28</ncom:dateSigned>
      <ncom:nameOfApplicant>Northern Lights Variable Trust</ncom:nameOfApplicant>
      <ncom:signature>James Colantino</ncom:signature>
      <ncom:signerName>James Colantino</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
