VANGUARD FTSE DEVELOPED E

NPORT-P false 0001352621 XXXXXXXX S000031504 C000097927 C000097926 C000158837 Northern Lights Variable Trust 811-21853 0001352621 549300JG5J5V82S8VI88 225 PICTORIA DRIVE SUITE 450 CINCINNATI 45246 631-470-2600 TOPS Moderate Growth ETF Portfolio S000031504 549300YDJH2RX6OEMR02 2019-12-31 2019-09-30 N 36101577.02 492506.81 35609070.21 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 UST Vanguard Tax Manag 549300PTTIGTMUA02X28 VANGUARD FTSE DEVELOPED E 921943858 95492.00000000 NS USD 3922811.36000000 11.01632628110 Long EC RF US N 1 N N N Vanguard Scottsdal 549300Y88GQ3VLJIBX57 VANGUARD MORTGAGE-BACKED 92206C771 13356.00000000 NS USD 711340.56000000 1.997638679709 Long EC RF US N 1 N N N ISHARES TRUST 5493000860OXIC4B5K91 ISHARES CORE S&P MIDCAP E 464287507 14816.00000000 NS USD 2862895.68000000 8.039793409702 Long EC RF US N 1 N N N Vanguard Index Fds 549300OM0CLBHZ9MZW59 VANGUARD REAL ESTATE ETF 922908553 7635.00000000 NS USD 711963.75000000 1.999388767528 Long EC RF US N 1 N N N DBX ETF Trust DNLQXYGHEZ10Q9SIK386 XTRACKERS USD HIGH YIELD 233051432 35484.00000000 NS USD 1777038.72000000 4.990410335120 Long EC RF US N 1 N N N Vanguard Intl Equi 549300UR5XWDVDO7NP96 VANGUARD GLBL EX-US REAL 922042676 18271.00000000 NS USD 1070497.89000000 3.006250608866 Long EC RF US N 1 N N N Spdr Series Trust 5493004JVD6CQEEJSS37 SPDR PORT SHRT TRM CORP B 78464A474 103699.00000000 NS USD 3199114.15000000 8.983986751503 Long EC RF US N 1 N N N Vanguard Scottsdal 549300Y88GQ3VLJIBX57 VANGUARD SHORT-TERM TREAS 92206C102 11667.00000000 NS USD 711103.65000000 1.996973371689 Long EC RF US N 1 N N N Short-Term Invts T 549300UJV6OHYATSFU27 STIT GOVT & AGENCY-INST 825252885 1118863.27000000 PA USD 1118863.27000000 3.142073812659 Long STIV RF US N 1 N N N ISHARES TRUST 5493000860OXIC4B5K91 ISHARES IBOXX INVESTMENT 464287242 13984.00000000 NS USD 1782680.32000000 5.006253489593 Long EC RF US N 1 N N N Vanguard Index Fds 549300G6KNDK44WUN559 VANGUARD S&P 500 ETF 922908363 22267.00000000 NS USD 6069984.20000000 17.04617437131 Long EC RF US N 1 N N N Vanguard Intl Equi 549300UR5XWDVDO7NP96 VANGUARD FTSE EMERGING MA 922042858 61954.00000000 NS USD 2494268.04000000 7.004586262124 Long EC RF US N 1 N N N Spdr Series Trust 5493004JVD6CQEEJSS37 SPDR PORTFOLIO S&P 500 GR 78464A409 18374.00000000 NS USD 714564.86000000 2.006693395210 Long EC RF US N 1 N N N Vanguard Asset All 549300EW16IGZDA38J20 VANGUARD SHORT-TERM TIPS 922020805 43449.00000000 NS USD 2131173.45000000 5.984917430956 Long EC RF US N 1 N N N Vanguard Charlotte Funds 549300Z9BHDBGHMJLU94 VANGUARD TOTAL INTL BOND 92203J407 6035.00000000 NS USD 355039.05000000 0.997046673519 Long EC RF US N 1 N N N Spdr Series Trust 5493004JVD6CQEEJSS37 SPDR PORT S&P 500 VALUE 78464A508 33518.00000000 NS USD 1071235.28000000 3.008321401492 Long EC RF US N 1 N N N Vaneck Vectors Etf Trust 549300ZLFKNTXC51ZN76 VANECK VECTORS J.P. MORGA 92189H300 21516.00000000 NS USD 710028.00000000 1.993952652548 Long EC RF US N 1 N N N Flexshares Trust 5493007FU2RQX77I4604 FLEXSHARES GLOBAL UPSTREA 33939L407 68295.00000000 NS USD 2127389.25000000 5.974290363252 Long EC RF US N 1 N N N ISHARES TRUST 5493000860OXIC4B5K91 ISHARES CORE S&P SMALL-CA 464287804 27405.00000000 NS USD 2133205.20000000 5.990623140171 Long EC RF US N 1 N N N Vanguard Scottsdal 549300Y88GQ3VLJIBX57 VANGUARD INTERMEDIATE-TER 92206C706 5332.00000000 NS USD 355484.44000000 0.998297450350 Long EC RF US N 1 N N N 2019-10-28 Northern Lights Variable Trust James Colantino James Colantino Treasurer XXXX