NPORT-P false 0001352621 XXXXXXXX S000031508 C000097934 C000112456 C000097935 C000112455 C000158841 Northern Lights Variable Trust 811-21853 0001352621 549300JG5J5V82S8VI88 225 PICTORIA DRIVE SUITE 450 CINCINNATI 45246 631-470-2600 TOPS Managed Risk Moderate Growth ETF Portfolio S000031508 549300NQO6B78XIUUT51 2022-12-31 2022-06-30 N 650063494.86 376690.77 649686804.09 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 14260765.19000000 UST Wisdomtree Trust 549300SEVJBU47TE8855 97717X578 403036.00000000 NS USD 11559072.48000000 1.779176121052 Long EC RF US N 1 N N N Ishares Trust 5493000860OXIC4B5K91 464287242 270266.00000000 NS USD 29737367.98000000 4.577185159494 Long EC RF US N 1 N N CHICAGO MERCANTILE EXCHANGE (FLOOR) N/A N/A -405.00000000 NC USD 1290342.50000000 0.198609928949 Short DE CORP US N 1 BANK OF AMERICA MERRILL LYNCH N/A Short CME Standard & Poor's 500 Inde SPX 2022-09-16 -78027717.50000000 USD 1290342.50000000 N N N Vanguard Scottsdal 549300Y88GQ3VLJIBX57 92206C771 250103.00000000 NS USD 11957424.43000000 1.840490580187 Long EC RF US N 1 N N Chicago Board of Trade 549300EX04Q2QBFQTQ27 N/A 252.00000000 NC USD -281625.12000000 -0.04334782825 Long DIR CORP US N 1 BANK OF AMERICA MERRILL LYNCH N/A Long N/A CBOT 5 Year US Treasury Note 2022-09-30 28568625.12000000 USD -281625.12000000 N N N Vanguard International Equity Index Funds 549300UR5XWDVDO7NP96 922042676 395174.00000000 NS USD 17494352.98000000 2.692736387728 Long EC RF US N 1 N N N Vanguard International Equity Index Funds 549300UR5XWDVDO7NP96 922042858 698169.00000000 NS USD 29078738.85000000 4.475808753839 Long EC RF US N 1 N N N Vanguard Index Fds 549300OM0CLBHZ9MZW59 922908553 126375.00000000 NS USD 11514026.25000000 1.772242590970 Long EC RF US N 1 N N N Vanguard Scottsdal 549300Y88GQ3VLJIBX57 92206C102 200960.00000000 NS USD 11828505.60000000 1.820647352776 Long EC RF US N 1 N N Vanguard Index Fds 549300G6KNDK44WUN559 922908363 295947.00000000 NS USD 102658095.36000000 15.80116676431 Long EC RF US N 1 N N N CME GLOBEX N/A N/A -221.00000000 NC USD 649375.00000000 0.099952007015 Short DE CORP US N 1 BANK OF AMERICA MERRILL LYNCH N/A Short RUSSELL 2000 INDEX RTY 2022-09-16 -19522775.00000000 USD 649375.00000000 N N N Spdr Series Trust 5493004JVD6CQEEJSS37 78464A409 216809.00000000 NS USD 11334774.52000000 1.744652107545 Long EC RF US N 1 N N N Short-Term Invts T 549300UJV6OHYATSFU27 825252885 64064576.93000000 PA USD 64064576.93000000 9.860840104292 Long STIV RF US N 1 N N N Flexshares Trust 5493007FU2RQX77I4604 33939L407 579283.00000000 NS USD 22980156.61000000 3.537113031284 Long EC RF US N 1 N N ICE FUTURES U.S. 5493004R83R1LVX2IL36 N/A -679.00000000 NC USD -104365.00000000 -0.01606389407 Short DE CORP US N 1 BANK OF AMERICA MERRILL LYNCH N/A Short ICE US MSCI Emerging Markets E MXEF 2022-09-16 -33937300.00000000 USD -104365.00000000 N N N DBX ETF Trust DNLQXYGHEZ10Q9SIK386 233051432 862133.00000000 NS USD 29079746.09000000 4.475963788541 Long EC RF US N 1 N N Spdr Series Trust 5493004JVD6CQEEJSS37 78464A847 1152247.00000000 NS USD 45732683.43000000 7.039189212724 Long EC RF US N 1 N 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 CME GLOBEX N/A N/A -132.00000000 NC USD 1189915.00000000 0.183152096134 Short DE CORP US N 1 BANK OF AMERICA MERRILL LYNCH N/A Short CME E-Mini Standard & Poor's M MID 2022-09-16 -31127515.00000000 USD 1189915.00000000 N N N Vanguard Charlotte Funds 549300Z9BHDBGHMJLU94 92203J407 120498.00000000 NS USD 5969470.92000000 0.918822867021 Long EC RF US N 1 N N N Vanguard Asset All 549300EW16IGZDA38J20 922020805 703702.00000000 NS USD 35269544.24000000 5.428699493042 Long EC RF US N 1 N N N Vanguard Scottsdal 549300Y88GQ3VLJIBX57 92206C706 97553.00000000 NS USD 5966341.48000000 0.918341182619 Long EC RF US N 1 N N ICE FUTURES U.S. 5493004R83R1LVX2IL36 N/A -481.00000000 NC USD 163235.00000000 0.025125183237 Short DE CORP US N 1 BANK OF AMERICA MERRILL LYNCH N/A Short ICE US mini MSCI EAFE Index MXEA 2022-09-16 -44814465.00000000 USD 163235.00000000 N N N Spdr Series Trust 5493004JVD6CQEEJSS37 78464A474 1788508.00000000 NS USD 53172342.84000000 8.184303960810 Long EC RF US N 1 N N N VanEck ETF Trust 549300ZLFKNTXC51ZN76 92189H300 480581.00000000 NS USD 11764622.88000000 1.810814504148 Long EC RF US N 1 N N N Vanguard Tax-Managed International Fund 549300PTTIGTMUA02X28 921943858 1705201.00000000 NS USD 69572200.80000000 10.70857532614 Long EC RF US N 1 N N Spdr Series Trust 5493004JVD6CQEEJSS37 78464A508 470772.00000000 NS USD 17333825.04000000 2.668027876028 Long EC RF US N 1 N N Spdr Series Trust 5493004JVD6CQEEJSS37 78468R853 954799.00000000 NS USD 34353668.02000000 5.287727533287 Long EC RF US N 1 N N 2022-07-28 Northern Lights Variable Trust James Colantino James Colantino Treasurer