VANGUARD SHORT-TERM TREAS

NPORT-P false 0001352621 XXXXXXXX S000031504 C000097926 C000158837 C000097927 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 2019-12-31 N 52012006.78 138070.53 51873936.25 0 0 0 0 0 0 0 0 0 0 0 0 0 0 UST Vanguard Scottsdal 549300Y88GQ3VLJIBX57 VANGUARD SHORT-TERM TREAS 92206C102 17051.00000000 NS USD 1037212.33000000 1.999486456939 Long EC RF US N 1 N N N Vanguard Asset All 549300EW16IGZDA38J20 VANGUARD SHORT-TERM TIPS 922020805 63175.00000000 NS USD 3113264.00000000 6.001595839953 Long EC RF US N 1 N N N Vanguard Tax Manag 549300PTTIGTMUA02X28 VANGUARD FTSE DEVELOPED E 921943858 129899.00000000 NS USD 5723349.94000000 11.03318998661 Long EC RF US N 1 N N N Vanguard Index Fds 549300OM0CLBHZ9MZW59 VANGUARD REAL ESTATE ETF 922908553 11289.00000000 NS USD 1047506.31000000 2.019330680732 Long EC RF US N 1 N N N Vanguard Scottsdal 549300Y88GQ3VLJIBX57 VANGUARD MORTGAGE-BACKED 92206C771 19511.00000000 NS USD 1037399.87000000 1.999847987244 Long EC RF US N 1 N N N Vanguard Intl Equi 549300UR5XWDVDO7NP96 VANGUARD GLBL EX-US REAL 922042676 26409.00000000 NS USD 1560507.81000000 3.008269514153 Long EC RF US N 1 N N N Vanguard Charlotte Funds 549300Z9BHDBGHMJLU94 VANGUARD TOTAL INTL BOND 92203J407 9133.00000000 NS USD 516745.14000000 0.996155636830 Long EC RF US N 1 N N N ISHARES TRUST 5493000860OXIC4B5K91 ISHARES CORE S&P MIDCAP E 464287507 20128.00000000 NS USD 4142744.96000000 7.986178145484 Long EC RF US N 1 N N N ISHARES TRUST 5493000860OXIC4B5K91 ISHARES CORE S&P SMALL-CA 464287804 37121.00000000 NS USD 3112595.85000000 6.000307813540 Long EC RF US N 1 N N N Flexshares Trust 5493007FU2RQX77I4604 FLEXSHARES GLOBAL UPSTREA 33939L407 93083.00000000 NS USD 3121072.99000000 6.016649623345 Long EC RF US N 1 N N N Spdr Series Trust 5493004JVD6CQEEJSS37 SPDR PORTFOLIO S&P 500 GR 78464A409 24674.00000000 NS USD 1034087.34000000 1.993462256298 Long EC RF US N 1 N N N INVESCO GOVERNMENT & AGENCY PORTFOLIO N/A INVESCO STIT GOVT & AGENCY-INST ( FUND CUSIP 825252885 ) (#1901) N/A 0.00000000 NS USD 0.00000000 0.000000 Long STIV US N 1 N N Spdr Series Trust 5493004JVD6CQEEJSS37 SPDR PORT S&P 500 VALUE 78464A508 44544.00000000 NS USD 1555031.04000000 2.997711668738 Long EC RF US N 1 N N N DBX ETF Trust DNLQXYGHEZ10Q9SIK386 XTRACKERS USD HIGH YIELD 233051432 51397.00000000 NS USD 2588866.89000000 4.990689115094 Long EC RF US N 1 N N Spdr Series Trust 5493004JVD6CQEEJSS37 SPDR PORT SHRT TRM CORP B 78464A474 151392.00000000 NS USD 4668929.28000000 9.000530165088 Long EC RF US N 1 N N N Vanguard Index Fds 549300G6KNDK44WUN559 VANGUARD S&P 500 ETF 922908363 29822.00000000 NS USD 8821347.60000000 17.00535613392 Long EC RF US N 1 N N N Vanguard Scottsdal 549300Y88GQ3VLJIBX57 VANGUARD INTERMEDIATE-TER 92206C706 7859.00000000 NS USD 518222.46000000 0.999003541012 Long EC RF US N 1 N N N Short-Term Invts T 549300UJV6OHYATSFU27 STIT GOVT & AGENCY-INST 825252885 1130121.90000000 PA USD 1130121.90000000 2.178592915242 Long STIV RF US N 1 N N N ISHARES TRUST 5493000860OXIC4B5K91 ISHARES IBOXX INVESTMENT 464287242 20217.00000000 NS USD 2586967.32000000 4.987027218317 Long EC RF US N 1 N N N Vaneck Vectors Etf Trust 549300ZLFKNTXC51ZN76 VANECK VECTORS J.P. MORGA 92189H300 30524.00000000 NS USD 1038121.24000000 2.001238608531 Long EC RF US N 1 N N N Vanguard Intl Equi 549300UR5XWDVDO7NP96 VANGUARD FTSE EMERGING MA 922042858 81630.00000000 NS USD 3630086.10000000 6.997899836452 Long EC RF US N 1 N N N 2020-01-28 Northern Lights Variable Trust James Colantino James Colantino Treasurer