VANGUARD SHORT-TERM TREAS

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MORGA 92189H300 440901.00000000 NS USD 12552451.47000000 1.753279795677 Long EC RF US N 1 N N N CME GLOBEX N/A E-Mini Russ 2000 Jun20 N/A -680.00000000 NC USD -2035257.50000000 -0.28427720770 Short DE CORP US N 1 BANK OF AMERICA MERRILL LYNCH N/A Short RUSSELL 2000 INDEX RTY 2020-06-19 -36983142.50000000 USD -2035257.50000000 N N N Spdr Series Trust 5493004JVD6CQEEJSS37 SPDR PORTFOLIO S&P 500 GR 78464A409 703044.00000000 NS USD 25126792.56000000 3.509617052168 Long EC RF US N 1 N N N Flexshares Trust 5493007FU2RQX77I4604 FLEXSHARES GLOBAL UPSTREA 33939L407 1104465.00000000 NS USD 24883596.45000000 3.475648322867 Long EC RF US N 1 N N N CME GLOBEX N/A S&P500 EMINI FUT Jun20 N/A -1186.00000000 NC USD -4375412.50000000 -0.61114136567 Short DE CORP US N 1 BANK OF AMERICA MERRILL LYNCH N/A Short CME Standard & Poor's 500 Inde SPX 2020-06-19 -148007797.50000000 USD -4375412.50000000 N N N ISHARES TRUST 5493000860OXIC4B5K91 ISHARES IBOXX INVESTMENT 464287242 104164.00000000 NS USD 12865295.64000000 1.796976707294 Long EC RF US N 1 N N N Short-Term Invts T 549300UJV6OHYATSFU27 STIT GOVT & AGENCY-INST 825252885 48238423.72000000 PA USD 48238423.72000000 6.737763845232 Long STIV RF US N 1 N N N Chicago Board of Trade 549300EX04Q2QBFQTQ27 US 5YR NOTE (CBT) Jun20 N/A 110.00000000 NC USD 408255.62000000 0.057023628550 Long DIR CORP US N 1 BANK OF AMERICA MERRILL LYNCH N/A Long N/A CBOT 5 Year US Treasury Note 2020-06-30 13381234.38000000 USD 408255.62000000 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 N/A N N 2020-04-28 Northern Lights Variable Trust James Colantino James Colantino Treasurer XXXX