N-Q 1 powervit_nq.htm N-Q

united states
securities and exchange commission
washington, d.c. 20549

form n-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-21853

 

Northern Lights Variable Fund Trust

(Exact name of registrant as specified in charter)

 

17605 Wright Street, Suite 2; Omaha, NE 68130

(Address of principal executive offices) (Zip code)

 

Stephanie Shearer, Gemini Fund Services, LLC.

80 Arkay Dr., Suite 110, Hauppauge NY 11788

(Name and address of agent for service)

 

Registrant's telephone number, including area code: 631-470-2600

 

Date of fiscal year end: 12/31

 

Date of reporting period: 9/30/2018

 

Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

 

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

 

Item 1. Schedule of Investments.

 

Power Income VIT Fund
PORTFOLIO OF INVESTMENTS (Unaudited)
September 30, 2018
Shares       Fair Value
    EXCHANGED TRADED FUNDS - 27.6 %    
    DEBT FUNDS - 27.6 %    
11,548   iShares iBoxx High Yield Corporate Bond ETF    $998,209
4,043   PIMCO 0-5 Year High Yield Corporate Bond Index ETF  406,847
27,686   SPDR Bloomberg Barclays High Yield Bond ETF    998,080
14,747   SPDR Bloomberg Barclays Short Term High Yield Bond ETF  406,870
    TOTAL EXCHANGE TRADED FUND (Cost - $2,791,583)  2,810,006
         
    MUTUAL FUNDS - 71.8 %    
    DEBT FUNDS - 71.8 %    
23,291   AB High Income Fund, Inc. - Advisor Class    194,482
116,328   BlackRock Funds II Floating Rate Income Portfolio - Institutional Class  1,183,055
193,625   BlackRock High Yield Portfolio - Institutional Class    1,485,104
155,277   Columbia High Yield Bond Fund - Retail Class    447,196
33,850   DWS High Income Fund - Institutional Class    158,418
16,132   Hartford High Yield Fund - Institutional Class    118,567
38,555   Invesco High Yield Fund - Retail Class    158,462
66,823   JPMorgan High Yield Fund - Institutional Class    485,805
32,853   Lord Abbett High Yield Fund - Institutional Class    246,725
52,460   Neuberger Berman High Income Bond Fund - Institutional Class  447,486
164,049   PIMCO High Yield Fund - Institutional Class    1,437,069
80,367   Virtus Seix Floating Rate High Income Fund - Institutional Class  699,996
12,538   Virtus Seix High Income Fund - Institutional Class    80,241
19,295   Virtus Seix High Yield Fund - Institutional Class    159,573
    TOTAL MUTUAL FUNDS (Cost - $7,268,647)    7,302,179
         
    SHORT-TERM INVESTMENTS - 0.9 %    
    MONEY MARKET FUNDS - 0.9 %    
2,302   Dreyfus Treasury Securities Cash Management - Institutional Class, 1.91 % *  2,302
1,517   Fidelity Investments Money Market Funds - Government Portfolio - Institutional Class, 1.92 % *  1,517
70,505   Goldman Sachs Financial Square Funds - Government Fund - FST Shares, 1.93 % *  70,505
13,541   Invesco STIT - Government & Agency Portfolio - Institutional Class, 1.67 % *  13,541
    TOTAL SHORT-TERM INVESTMENTS (Cost - $87,865)  87,865
         
    TOTAL INVESTMENTS -  100.3 % (Cost - $10,148,095)  $10,200,050
    LIABILITIES IN EXCESS OF OTHER ASSETS - (0.3)%  (28,744)
    NET ASSETS - 100.0%    $10,171,306
         
ETF   Exchange Traded Fund    
*   Money market fund; interest rate reflects effective yield on September 30, 2018  

 

 

Power Dividend Index VIT Fund
PORTFOLIO OF INVESTMENTS (Unaudited)
September 30, 2018
Shares       Fair Value
    COMMON STOCK 98.6 %    
    AGRICULTURE - 6.2 %    
10,250   Altria Group, Inc.    $618,177
12,702   Archer-Daniels-Midland Co.    638,530
7,914   Philip Morris International, Inc.    645,308
         1,902,015
    AUTO MANUFACTURER - 2.0 %    
67,581   Ford Motor Co.    625,124
         
    BANKS - 2.0 %    
11,633   Wells Fargo & Co.    611,430
         
    BEVERAGES - 2.0 %    
13,727   Coca-Cola Co.    634,050
         
    BIOTECHNOLOGY - 2.1 %    
8,619   Gilead Sciences, Inc.    665,473
         
    CHEMICALS - 4.2 %    
12,383   CF Industries Holdings, Inc.    674,130
5,979   LyondellBasell Industries NV    612,907
         1,287,037
    COMMERCIAL SERVICES - 4.2 %    
23,719   Nielsen Holdings PLC    656,068
33,979   Western Union Co.    647,640
         1,303,708
    COMPUTERS - 4.1 %    
4,259   International Business Machines Corp.    644,003
13,013   Seagate Technology PLC    616,166
         1,260,169
    DIVERSIFIED FINANCIAL SERVICES - 2.0 %    
26,840   Invesco Ltd.    614,099
         
    ELECTRIC - 10.5 %    
46,521   The AES Corp.    651,294
16,904   FirstEnergy Corp.    628,322
21,316   PPL Corp.    623,706
18,045   SCANA Corp.    701,770
14,726   The Southern Co.    642,054
         3,247,146
    ELECTRICAL COMPONENTS & EQUIPMENT - 2.0 %  
8,159   Emerson Electric Co.    624,816
         
    FOOD - 1.9 %    
13,384   General Mills, Inc.    574,441
         
    FOREST PRODUCTS & PAPER - 1.9 %    
11,953   International Paper Co.    587,490
         
    INSURANCE - 4.2 %    
13,567   MetLife, Inc.    633,850
11,137   Principal Financial Group, Inc.    652,517
         1,286,367
    IRON/STEEL - 2.1 %    
10,302   Nucor Corp.    653,662
         
    MISCELLANEOUS MANUFACTURING - 4.0 %    
7,324   Eaton Corp. PLC    635,211
52,133   General Electric Co.    588,582
         1,223,793
    OFFICE/BUSINESS EQUIPMENT - 2.0 %    
22,652   Xerox Corp.    611,151
 
Power Dividend Index VIT Fund
PORTFOLIO OF INVESTMENTS (Unaudited) (Continued)
September 30, 2018
Shares       Fair Value
    COMMON STOCK 98.6 % (Continued)    
    OIL & GAS - 6.5 %    
7,705   Exxon Mobil Corp.    $655,079
9,667   Helmerich & Payne, Inc.    664,800
8,270   Occidental Petroleum Corp.    679,546
         1,999,425
    PACKAGING & CONTAINERS - 2.0 %    
11,428   WestRock Co.    610,712
         
    PHARMACEUTICALS - 8.4 %    
12,021   Cardinal Health, Inc.    649,134
6,037   Eli Lilly & Co.    647,830
9,050   Merck & Co., Inc.    642,007
14,743   Pfizer, Inc.    649,724
         2,588,695
    PIPELINES - 4.1 %    
9,774   ONEOK, Inc.    662,579
22,755   The Williams Cos., Inc.    618,708
         1,281,287
    RETAIL - 8.2 %    
8,185   Kohl's Corp.    610,192
21,963   L Brands, Inc.    665,479
17,842   Macy's, Inc.    619,653
7,265   Target Corp.    640,846
         2,536,170
    SAVINGS & LOANS - 2.0 %    
35,428   People's United Financial, Inc.    606,527
         
    SEMICONDUCTORS - 2.0 %    
8,469   QUALCOMM, Inc.    610,022
         
    TELECOMMUNICATIONS - 6.0 %    
19,022   AT&T, Inc.    638,759
28,379   CenturyLink, Inc.    601,635
11,645   Verizon Communications, Inc.    621,727
         1,862,121
    TRANSPORTATION - 2.0 %    
5,282   United Parcel Service, Inc.    616,673
         
    TOTAL COMMON STOCK (Cost - $30,117,123)    30,423,603
         
    SHORT-TERM INVESTMENTS - 1.3%    
    MONEY MARKET FUND - 1.3%    
392,433   Goldman Sachs Financial Square Funds - Government Institutional Class, 1.93 % *  392,433
    TOTAL SHORT TERM INVESTMENTS (Cost - $392,433)  
         
    TOTAL INVESTMENTS - 99.9% (Cost - $30,509,556)  $30,816,036
    OTHER ASSETS IN EXCESS OF LIABILITIES  - 0.1%  38,482
    NET ASSETS  - 100%    $30,854,518
         
PLC   Public Limited Company    

 

 

Power Momentum Index VIT Fund
PORTFOLIO OF INVESTMENTS (Unaudited)
September 30, 2018
Shares       Fair Value
    COMMON STOCK -  89.4 %    
    AGRICULTURE - 2.0 %    
32,915   Archer-Daniels-Midland Co.    $1,654,637
         
    AIRLINES - 2.0 %    
18,423   United Continental Holdings, Inc. *    1,640,752
         
    BANKS - 3.9 %    
104,272   Huntington Bancshares, Inc.    1,555,738
30,421   US Bancorp    1,606,533
         3,162,271
    BEVERAGES - 2.0 %    
27,394   Monster Beverage Corp. *    1,596,522
         
    BIOTECHNOLOGY - 2.1 %    
4,193   Regeneron Pharmaceuticals, Inc. *    1,694,140
         
    CHEMICALS - 8.1 %    
32,091   CF Industries Holdings, Inc.    1,747,034
53,060   Mosaic Co.    1,723,389
14,687   PPG Industries, Inc.    1,602,792
3,525   Sherwin-Williams Co.    1,604,615
         6,677,830
    COMMERCIAL SERVICES - 3.8 %    
7,707   Cintas Corp.    1,524,522
23,048   Robert Half International, Inc.    1,622,118
         3,146,640
    COMPUTERS - 4.0 %    
7,359   Apple, Inc.    1,661,221
19,042   NetApp, Inc.    1,635,517
         3,296,738
    ELECTRIC - 9.8 %    
25,290   Ameren Corp.    1,598,834
23,197   Dominion Energy, Inc.    1,630,285
14,768   DTE Energy Co.    1,611,632
26,238   Eversource Energy    1,612,063
43,807   FirstEnergy Corp.    1,628,306
         8,081,120
    FOOD - 2.0 %    
12,527   McCormick & Co., Inc.    1,650,432
         
    HEALTHCARE-PRODUCTS -  2.0 %    
6,323   Becton, Dickinson and Co.    1,650,303
         
    HEALTHCARE-SERVICES -  4.0 %    
6,079   Anthem, Inc.    1,665,950
11,449   Centene Corp. *    1,657,586
         3,323,536
    HOUSEHOLD PRODUCTS/WARES - 2.0 %    
27,561   Church & Dwight Co., Inc.    1,636,297
         
    INSURANCE - 4.0 %    
22,048   Arthur J Gallagher & Co.    1,641,253
21,238   Cincinnati Financial Corp.    1,631,291
         3,272,544
    INTERNET - 4.0 %    
834   Amazon.com, Inc. *    1,670,502
10,072   VeriSign, Inc. *    1,612,729
         3,283,231
    MACHINERY-DIVERSIFIED - 2.0 %    
30,004   Flowserve Corp.    1,640,919
         
         
         
         
         
         
         
Power Momentum Index VIT Fund
PORTFOLIO OF INVESTMENTS (Unaudited) (Continued)
September 30, 2018
Shares       Fair Value
    COMMON STOCK -  89.4 % (Continued)    
    MEDIA - 8.1 %    
44,329   Comcast Corp.    $1,569,690
55,813   Discovery, Inc. *    1,650,949
37,419   Twenty-First Century Fox, Inc.    1,714,539
14,943   Walt Disney Co.    1,747,434
         6,682,612
    PACKAGING & CONTAINERS - 2.0 %    
37,470   Ball Corp.    1,648,305
         
    PHARMACEUTICALS - 2.0 %    
15,645   Eli Lilly & Co.    1,678,865
         
    RETAIL - 11.8 %    
25,353   Copart, Inc. *    1,306,440
7,049   Costco Wholesale Corp.    1,655,669
15,209   Dollar General Corp.    1,662,344
4,877   O'Reilly Automotive, Inc. *    1,693,880
17,242   Ross Stores, Inc.    1,708,682
15,237   TJX Cos, Inc.    1,706,849
         9,733,864
    SEMICONDUCTORS - 1.9 %    
50,779   Advanced Micro Devices, Inc. *    1,568,563
         
    SOFTWARE - 1.9 %    
9,019   MSCI, Inc.    1,600,061
         
    TELECOMMUNICATIONS - 4.0 %    
12,932   Motorola Solutions, Inc.    1,682,970
30,176   Verizon Communications, Inc.    1,611,097
         3,294,067
         
    TOTAL COMMON STOCK (Cost - $73,460,593)    73,614,249
         
    EXCHANGED TRADED FUNDS - 10.3 %    
50,940   iShares 1-3 Year Treasury Bond ETF    4,232,605
42,708   Schwab Short-Term U.S. Treasury ETF    2,117,035
35,444   Vanguard Short-Term Treasury ETF    2,117,425
    TOTAL EXCHANGE TRADED FUNDS (Cost - $8,473,572)  8,467,065
         
    SHORT-TERM INVESTMENTS - 0.4 %    
    MONEY MARKET FUND - 0.4 %    
297,441   Goldman Sachs Financial Square Funds - Government - 1.93% **  297,441
    TOTAL SHORT-TERM INVESTMENTS (Cost - $297,441)  
         
    TOTAL INVESTMENTS -  100.1 % (Cost - $82,231,606)  $82,378,755
    LIABILITIES IN EXCESS OF OTHER ASSETS - (0.1) %  (107,549)
    NET ASSETS - 100.0%    $82,271,206
         
ETF   Exchange Traded Fund    
*   Non-income producing security    
**   Money market fund; interest rate reflects effective yield on September 30, 2018  

 

 

Power VIT Funds
PORTFOLIO OF INVESTMENTS (Unaudited) (Continued)
September 30, 2018
                   
The following is a summary of significant accounting policies followed by the Fund in preparation of its financial statements.  These policies are in conformity with accounting principles generally accepted in the United States of America (“GAAP”).  The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses for the period.  Actual results could differ from those estimates.  The Fund is an investment company and accordingly follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standard Codification Topic 946 "Financial Services – Investment Companies."
                   
Securities valuation –  Securities listed on an exchange are valued at the last reported sale price at the close of the regular trading session of the primary exchange on the business day the value is being determined, or in the case of securities listed on NASDAQ at the NASDAQ Official Closing Price (“NOCP”).  In the absence of a sale such securities shall be valued at the mean between the current bid and ask prices on the day of valuation. Futures and future options are valued at the final settled price or, in the absence of a settled price, at the last sale price on the day of valuation.  Debt securities (other than short-term obligations) are valued each day by an independent pricing service approved by the Board of Trustees (the “Board”) based on methods which include consideration of: yields or prices of securities of comparable quality, coupon, maturity and type, indications as to values from dealers, and general market conditions or market quotations from a major market maker in the securities. Investments valued in currencies other than the U.S. dollar are converted to U.S. dollars using exchange rates obtained from pricing services.   Short-term debt obligations having 60 days or less remaining until maturity, at time of purchase, are valued at amortized cost.  Investments in open-end investment companies are valued at net asset value.
                   
The Fund may hold securities, such as private investments, interests in commodity pools, other non-traded securities or temporarily illiquid securities, for which market quotations are not readily available or are determined to be unreliable.  These securities will be valued using the “fair value” procedures approved by the Board.  The Board has delegated execution of these procedures to a fair value team composed of one or more representatives from each of the (i) Trust, (ii) administrator, and (iii) adviser.  The team may also enlist third party consultants such as a valuation specialist at a public accounting firm, valuation consultant or financial officer of a security issuer on an as-needed basis to assist in determining a security-specific fair value.The Board has also engaged a third party valuation firm to attend valuation meetings held by the Trust, review minutes of such meetings and report to the Board on a quarterly basis.  The Board reviews and ratifies the execution of this process and the resultant fair value prices at least quarterly to assure the process produces reliable results.
 
Fair Valuation Process - As noted above, the fair value team is composed of one or more representatives from each of the (i) Trust, (ii) administrator, and (iii) adviser.  The applicable investments are valued collectively via inputs from each of these groups.  For example, fair value determinations are required for the following securities:  (i) securities for which market quotations are insufficient or not readily available on a particular business day (including securities for which there is a short and temporary lapse in the provision of a price by the regular pricing source), (ii) securities for which, in the judgment of the adviser, the prices or values available do not represent the fair value of the instrument.  Factors which may cause the adviser to make such a judgment include, but are not limited to, the following: only a bid price or an asked price is available; the spread between bid and asked prices is substantial; the frequency of sales; the thinness of the market; the size of reported trades; and actions of the securities markets, such as the suspension or limitation of trading; (iii) securities determined to be illiquid; (iv) securities with respect to which an event that will affect the value thereof has occurred (a “significant event”) since the closing prices were established on the principal exchange on which they are traded, but prior to a Fund’s calculation of its net asset value.  Specifically, interests in commodity pools or managed futures pools are valued on a daily basis by reference to the closing market prices of each futures contract or other asset held by a pool, as adjusted for pool expenses.  Restricted or illiquid securities, such as private investments or non-traded securities are valued via inputs from the adviser based upon the current bid for the security from two or more independent dealers or other parties reasonably familiar with the facts and circumstances of the security (who should take into consideration all relevant factors as may be appropriate under the circumstances).  If the adviser is unable to obtain a current bid from such independent dealers or other independent parties, the fair value team shall determine the fair value of such security using the following factors: (i) the type of security; (ii) the cost at date of purchase; (iii) the size and nature of the Fund's holdings; (iv) the discount from market value of unrestricted securities of the same class at the time of purchase and subsequent thereto; (v) information as to any transactions or offers with respect to the security; (vi) the nature and duration of restrictions on disposition of the security and the existence of any registration rights; (vii) how the yield of the security compares to similar securities of companies of similar or equal creditworthiness; (viii) the level of recent trades of similar or comparable securities; (ix) the liquidity characteristics of the security; (x) current market conditions; and (xi) the market value of any securities into which the security is convertible or exchangeable.
                   
Valuation of Underlying Funds - The Fund may invest in portfolios of open-end or closed-end investment companies (the “Underlying Funds”).  The Underlying Funds value securities in their portfolios for which market quotations are readily available at their market values (generally the last reported sale price) and all other securities and assets at their fair value to the methods established by the board of directors of the Underlying Funds.  
                   
Open-end funds are valued at their respective net asset values as reported by such investment companies. The shares of many closed-end investment companies, after their initial public offering, frequently trade at a price per share, which is different than the net asset value per share. The difference represents a market premium or market discount of such shares. There can be no assurances that the market discount or market premium on shares of any closed-end investment company purchased by the Fund will not change.
                   

 

Power VIT Funds
PORTFOLIO OF INVESTMENTS (Unaudited) (Continued)
September 30, 2018
Exchange Traded Funds - The Fund may invest in exchange traded funds (“ETFs”).  ETFs are a type of index fund bought and sold on a securities exchange.  An ETF trades like common stock and represents a fixed portfolio of securities designed to track the performance and dividend yield of a particular domestic or foreign market index.  The Fund may purchase an ETF to temporarily gain exposure to a portion of the U.S. or a foreign market while awaiting purchase of underlying securities.  The risks of owning an ETF generally reflect the risks of owning the underlying securities they are designed to track, although the lack of liquidity on an ETF could result in it being more volatile.  Additionally, ETFs have fees and expenses that reduce their value.
           
The Fund utilizes various methods to measure the fair value of most of its investments on a recurring basis.  GAAP establishes a hierarchy that prioritizes inputs to valuation methods.  The three levels of input are:
           
Level 1 - Unadjusted quoted prices in active markets for identical assets and liabilities that the Fund has the ability to access.
           
Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly.  These inputs may include quoted prices for the identical instrument on an inactive market, price for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.
           
Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would use in valuing the asset or liability, and would be based on the best information available.
           
The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment.  Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3.
           
The inputs used to measure fair value may fall into different levels of the fair value hierarchy.  In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety, is determined based on the lowest level input that is significant to the fair value measurement in its entirety.
           
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.  The following is a summary of the inputs used as of September 30, 2018 in valuing the fund's investments carried at fair value:
           
Power Income VIT Fund          
Assets * Level 1 Level 2 Level 3 Total  
Exchange Traded Funds  $2,810,006  $-  $-  $2,810,006  
Mutual Funds  7,302,179  -  -  7,302,179  
Money Market Funds  87,865  -  -  87,865  
Total  $10,200,050  $-  $-  $10,200,050  
           
Power Dividend Index VIT Fund        
Assets * Level 1 Level 2 Level 3 Total  
Common Stock  $30,423,603  $-  $-  $30,423,603  
Money Market Fund  392,433  -  -  392,433  
Total  $30,816,036  $-  $-  $30,816,036  
           
Power Momentum Index VIT Fund        
Assets * Level 1 Level 2 Level 3 Total  
Common Stock  $73,614,249  $-  $-  $73,614,249  
Exchange Traded Funds  8,467,065  -  -  8,467,065  
Money Market Fund  297,441  -  -  297,441  
Total  $82,378,755  $-  $-  $82,378,755  
           

 

The Funds did not hold any Level 3 securities during the period.
There were no transfers into or out of Level 1 and Level 2 during the period.It is the Fund's Policy to recognize
transfers into and out of Level 1 and Level 2 at the end of the reporting period.
* Refer to the Portfolio of Investments for industry classification.
           
Aggregate Unrealized Appreciation and Depreciation - Tax Basis  
    Gross Gross Net Unrealized  
    Unrealized Unrealized Appreciation/  
  Tax Cost Appreciation Depreciation Depreciation  
Power Income VIT Fund  $10,170,248  $56,312  $(26,510)  $29,802  
Power Dividend Index VIT Fund  30,567,822  1,458,399  (1,210,185)  248,214  
Power Momentum Index VIT Fund  82,302,832  1,156,638  (1,080,715)  75,923  

 

 

 

 

 

Item 2. Controls and Procedures.

 

(a)       The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended.

 

(b)       There were no significant changes in the registrant’s internal control over financial reporting that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

 

Item 3. Exhibits.

 

Certifications required by Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) (and Item 3 of Form N-Q) are filed herewith.

 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Northern Lights Variable Fund Trust

 

By

*/s/ Kevin E. Wolf

Kevin E. Wolf, Principal Executive Officer/President

 

Date 11/27/2018

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By

*/s/ Kevin E. Wolf

Kevin E. Wolf, Principal Executive Officer/President

 

Date 11/27/2018

 

By

*/s/ Jim Colantino

Jim Colantino, Principal Financial Officer/Treasurer

 

Date 11/27/2018