VANGUARD SHORT-TERM TREAS

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MORGA 92189H300 139038.00000000 NS USD 4265685.84000000 2.726782106223 Long EC RF US N 1 N N N Spdr Series Trust 5493004JVD6CQEEJSS37 SPDR PORT SHRT TRM CORP B 78464A474 271542.00000000 NS USD 8501980.02000000 5.434775990443 Long EC RF US N 1 N N N ICE FUTURES U.S. 5493004R83R1LVX2IL36 MSCI EAFE Jun21 N/A -10.00000000 NC USD 2910.00000000 0.001860178228 Short DE CORP US N 1 BANK OF AMERICA MERRILL LYNCH N/A Short ICE US mini MSCI EAFE Index MXEA 2021-06-18 -1098910.00000000 USD 2910.00000000 N N N Spdr Series Trust 5493004JVD6CQEEJSS37 SPDR PORTFOLIO S&P 400 MI 78464A847 185124.00000000 NS USD 8471274.24000000 5.415147734964 Long EC RF US N 1 N N N Short-Term Invts T 549300UJV6OHYATSFU27 STIT GV&A-INS 825252885 17343046.89000000 PA USD 17343046.89000000 11.08630867364 Long STIV RF US N 1 N N N CME GLOBEX N/A E-Mini Russ 2000 Jun21 N/A -5.00000000 NC USD 20785.00000000 0.013286530748 Short DE CORP US N 1 BANK OF AMERICA MERRILL LYNCH N/A Short RUSSELL 2000 INDEX RTY 2021-06-18 -576410.00000000 USD 20785.00000000 N N N DBX ETF Trust DNLQXYGHEZ10Q9SIK386 XTRACKERS USD HIGH YIELD 233051432 113363.00000000 NS USD 5667016.37000000 3.622563736056 Long EC RF US N 1 N N Flexshares Trust 5493007FU2RQX77I4604 FLEXSHARES GLOBAL UPSTREA 33939L407 116588.00000000 NS USD 4219319.72000000 2.697143189741 Long EC RF US N 1 N N N Vanguard Tax-Managed International Fund 549300PTTIGTMUA02X28 VANGUARD FTSE DEVELOPED E 921943858 258295.00000000 NS USD 12684867.45000000 8.108630330470 Long EC RF US N 1 N N N Spdr Series Trust 5493004JVD6CQEEJSS37 SPDR PORTFOLIO SMALL CAP 78468R853 166954.00000000 NS USD 7057145.58000000 4.511185073244 Long EC RF US N 1 N N Spdr Series Trust 5493004JVD6CQEEJSS37 SPDR PORTFOLIO S&P 500 GR 78464A409 51326.00000000 NS USD 2894786.40000000 1.850453139994 Long EC RF US N 1 N N Vanguard Scottsdal 549300Y88GQ3VLJIBX57 VANGUARD INTERMEDIATE-TER 92206C706 41616.00000000 NS USD 2797843.68000000 1.788483814512 Long EC RF US N 1 N N N Vanguard Intl Equi 549300UR5XWDVDO7NP96 VANGUARD FTSE EMERGING MA 922042858 163084.00000000 NS USD 8488522.20000000 5.426173260627 Long EC RF US N 1 N N ISHARES TRUST 5493000860OXIC4B5K91 ISHARES IBOXX INVESTMENT 464287242 76012.00000000 NS USD 9885360.60000000 6.319083356980 Long EC RF US N 1 N N Spdr Series Trust 5493004JVD6CQEEJSS37 SPDR PORT S&P 500 VALUE 78464A508 221858.00000000 NS USD 8408418.20000000 5.374967859659 Long EC RF US N 1 N N N Spdr Series Trust 5493001XGU6MOBRXUU78 SPDR BBG BARC IG FLOATING 78468R200 139209.00000000 NS USD 4265363.76000000 2.726576220930 Long EC RF US N 1 N N N Vanguard Intl Equi 549300UR5XWDVDO7NP96 VANGUARD GLBL EX-US REAL 922042676 75339.00000000 NS USD 4200902.64000000 2.685370319896 Long EC RF US N 1 N N N Vanguard Index Fds 549300G6KNDK44WUN559 VANGUARD S&P 500 ETF 922908363 46576.00000000 NS USD 16967636.80000000 10.84633283991 Long EC RF US N 1 N N N Vanguard Asset All 549300EW16IGZDA38J20 VANGUARD SHORT-TERM TIPS 922020805 273255.00000000 NS USD 14083562.70000000 9.002727393126 Long EC RF US N 1 N N N Vanguard Scottsdal 549300Y88GQ3VLJIBX57 VANGUARD MORTGAGE-BACKED 92206C771 52918.00000000 NS USD 2824233.66000000 1.805353253085 Long EC RF US N 1 N N N 2021-04-28 Northern Lights Variable Trust James Colantino James Colantino Treasurer XXXX