NPORT-P false 0001352621 XXXXXXXX S000031507 C000097932 C000112453 C000158840 C000112454 C000097933 Northern Lights Variable Trust 811-21853 0001352621 549300JG5J5V82S8VI88 225 PICTORIA DRIVE SUITE 450 CINCINNATI 45246 631-470-2600 TOPS Managed Risk Balanced ETF Portfolio S000031507 549300VNL87B3B7KW674 2021-12-31 2021-03-31 N 474466046.27 275666.62 474190379.65 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 673667.27000000 UST ISHARES TRUST 5493000860OXIC4B5K91 464287242 264319.00000000 NS USD 34374685.95000000 7.249131873019 Long EC RF US N 1 N N Vanguard Tax-Managed International Fund 549300PTTIGTMUA02X28 921943858 691505.00000000 NS USD 33959810.55000000 7.161640557757 Long EC RF US N 1 N N N Spdr Series Trust 5493004JVD6CQEEJSS37 78464A409 153024.00000000 NS USD 8630553.60000000 1.820060880688 Long EC RF US N 1 N N CHICAGO MERCANTILE EXCHANGE (FLOOR) N/A N/A 10.00000000 NC USD 11212.50000000 0.002364556617 Long DE CORP US N 1 BANK OF AMERICA MERRILL LYNCH N/A Long CME Standard & Poor's 500 Inde SPX 2021-06-18 1972487.50000000 USD 11212.50000000 N N N Short-Term Invts T 549300UJV6OHYATSFU27 825252885 55213090.98000000 PA USD 55213090.98000000 11.64365481660 Long STIV RF US N 1 N N N Flexshares Trust 5493007FU2RQX77I4604 33939L407 351568.00000000 NS USD 12723245.92000000 2.683151423145 Long EC RF US N 1 N N N ICE FUTURES U.S. 5493004R83R1LVX2IL36 N/A 9.00000000 NC USD 765.00000000 0.000161327608 Long DE CORP US N 1 BANK OF AMERICA MERRILL LYNCH N/A Long ICE US mini MSCI EAFE Index MXEA 2021-06-18 985635.00000000 USD 765.00000000 N N N ICE FUTURES U.S. 5493004R83R1LVX2IL36 N/A 14.00000000 NC USD 11020.00000000 0.002323961107 Long DE CORP US N 1 BANK OF AMERICA MERRILL LYNCH N/A Long ICE US MSCI Emerging Markets E MXEF 2021-06-18 914730.00000000 USD 11020.00000000 N N N Spdr Series Trust 5493004JVD6CQEEJSS37 78468R853 402880.00000000 NS USD 17029737.60000000 3.591329206756 Long EC RF US N 1 N N N CME GLOBEX N/A N/A 3.00000000 NC USD 2545.00000000 0.000536704266 Long DE CORP US N 1 BANK OF AMERICA MERRILL LYNCH N/A Long RUSSELL 2000 INDEX RTY 2021-06-18 330830.00000000 USD 2545.00000000 N N N DBX ETF Trust DNLQXYGHEZ10Q9SIK386 233051432 343535.00000000 NS USD 17173314.65000000 3.621607562489 Long EC RF US N 1 N N Chicago Board of Trade 549300EX04Q2QBFQTQ27 N/A 210.00000000 NC USD -333138.76000000 -0.07025422157 Long DIR CORP US N 1 BANK OF AMERICA MERRILL LYNCH N/A Long N/A CBOT 5 Year US Treasury Note 2021-06-30 26246718.76000000 USD -333138.76000000 N N N Vanguard Scottsdal 549300Y88GQ3VLJIBX57 92206C102 417453.00000000 NS USD 25681708.56000000 5.415906703749 Long EC RF US N 1 N N N Vanguard Index Fds 549300G6KNDK44WUN559 922908363 105897.00000000 NS USD 38578277.10000000 8.135609399852 Long EC RF US N 1 N N N Spdr Series Trust 5493001XGU6MOBRXUU78 78468R200 558965.00000000 NS USD 17126687.60000000 3.611774581475 Long EC RF US N 1 N N N Vanguard Scottsdal 549300Y88GQ3VLJIBX57 92206C771 160525.00000000 NS USD 8567219.25000000 1.806704567967 Long EC RF US N 1 N N N Spdr Series Trust 5493004JVD6CQEEJSS37 78464A508 785861.00000000 NS USD 29784131.90000000 6.281049379783 Long EC RF US N 1 N N N Vanguard Charlotte Funds 549300Z9BHDBGHMJLU94 92203J407 75078.00000000 NS USD 4288455.36000000 0.904374180506 Long EC RF US N 1 N N INVESCO GOVERNMENT & AGENCY PORTFOLIO N/A N/A 0.00000000 NS USD 0.00000000 0.000000 Long STIV US N N/A N N Spdr Series Trust 5493004JVD6CQEEJSS37 78464A474 684195.00000000 NS USD 21422145.45000000 4.517625487428 Long EC RF US N 1 N N N Vanguard Intl Equi 549300UR5XWDVDO7NP96 922042858 495211.00000000 NS USD 25775732.55000000 5.435735024617 Long EC RF US N 1 N N Vanguard Intl Equi 549300UR5XWDVDO7NP96 922042676 229614.00000000 NS USD 12803276.64000000 2.700028762593 Long EC RF US N 1 N N N Vanguard Asset All 549300EW16IGZDA38J20 922020805 993177.00000000 NS USD 51188342.58000000 10.79489267955 Long EC RF US N 1 N N N Vaneck Vectors Etf Trust 549300ZLFKNTXC51ZN76 92189H300 419247.00000000 NS USD 12862497.96000000 2.712517695844 Long EC RF US N 1 N N N CME GLOBEX N/A N/A 2.00000000 NC USD 3460.00000000 0.000729664739 Long DE CORP US N 1 BANK OF AMERICA MERRILL LYNCH N/A Long CME E-Mini Standard & Poor's M MID 2021-06-18 517600.00000000 USD 3460.00000000 N N N Spdr Series Trust 5493004JVD6CQEEJSS37 78464A847 465281.00000000 NS USD 21291258.56000000 4.490023305769 Long EC RF US N 1 N N N Vanguard Scottsdal 549300Y88GQ3VLJIBX57 92206C706 190389.00000000 NS USD 12799852.47000000 2.699306653890 Long EC RF US N 1 N N N Vanguard Index Fds 549300OM0CLBHZ9MZW59 922908553 138386.00000000 NS USD 12712137.96000000 2.680808912526 Long EC RF US N 1 N N N 2021-04-28 Northern Lights Variable Trust James Colantino James Colantino Treasurer XXXX