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          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>


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        <seriesId>S000072660</seriesId>
        <classId>C000231259</classId>
        <classId>C000229077</classId>
        <classId>C000231258</classId>
      </seriesClassInfo>

    </filerInfo>
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      <regFileNumber>811-21853</regFileNumber>
      <regCik>0001352621</regCik>
      <regLei>549300JG5J5V82S8VI88</regLei>
      <regStreet1>225 PICTORIA DRIVE</regStreet1>
      <regStreet2>SUITE 450</regStreet2>
      <regCity>CINCINNATI</regCity>
      <regStateConditional regCountry="US" regState="US-OH"/>
      <regZipOrPostalCode>45246</regZipOrPostalCode>
      <regPhone>631-470-2600</regPhone>
      <seriesName>TOPS Target Range Portfolio</seriesName>
      <seriesId>S000072660</seriesId>
      <seriesLei>549300OMNK5SQRAB1Q48</seriesLei>
      <repPdEnd>2024-12-31</repPdEnd>
      <repPdDate>2024-03-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
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      <totLiabs>517354.67</totLiabs>
      <netAssets>10984627.32</netAssets>
      <assetsAttrMiscSec>0.00000000</assetsAttrMiscSec>
      <assetsInvested>0.00000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.00000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.00000000</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.00000000</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0.00000000</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0.00000000</amtPayAftOneYrBanksBorr>
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      <amtPayAftOneYrOther>0.00000000</amtPayAftOneYrOther>
      <delayDeliv>0.00000000</delayDeliv>
      <standByCommit>0.00000000</standByCommit>
      <liquidPref>0.00000000</liquidPref>
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      <isNonCashCollateral>N</isNonCashCollateral>
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        <monthlyReturnCats>
          <otherContracts>
            <mon1 netRealizedGain="971774.35000000" netUnrealizedAppr="-1181191.53000000"/>
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        <fundsDesignatedInfo>
          <nameDesignatedIndex>50SP500_20Russ2000_20MSCIAFE_10MSCIEM</nameDesignatedIndex>
          <indexIdentifier>50SP500_20RUSS2000_20MSCIAFE_10MSCIEM</indexIdentifier>

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      </varInfo>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <other otherDesc="Internal ID" value="FEEM C33  01/17/2025"/>
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        <curCd>USD</curCd>
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        <assetCat>DO</assetCat>
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        <invCountry>N/A</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>SG AMERICAS SECURITIES, LLC</counterpartyName>
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              <otherRefInst>
                <issuerName>iShare Trust</issuerName>
                <issueTitle>iShare Trust MSCI EMG MKT ETF</issueTitle>
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                  <cusip value="464287234"/>
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              </otherRefInst>
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            <exercisePrice>33.00000000</exercisePrice>
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            <expDt>2025-01-17</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>62920.81000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Money Market Obligations Trust</name>
        <lei>25490005VWJDWX717014</lei>
        <title>FH-TR OBL-INS</title>
        <cusip>60934N500</cusip>
        <identifiers>
          <isin value="US60934N5005"/>
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        <balance>5343586.65000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5343586.65000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>FEFA US 01/17/25 C85</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Internal ID" value="FEFA C85  01/17/2025"/>
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        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-63309.64000000</valUSD>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>DO</assetCat>
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        <invCountry>N/A</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>SG AMERICAS SECURITIES, LLC</counterpartyName>
              <counterpartyLei>549300F35UE0BOM1WJ55</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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              <otherRefInst>
                <issuerName>iShare Trust</issuerName>
                <issueTitle>iShare Trust MSCI EAFE ETF</issueTitle>
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                  <cusip value="464287465"/>
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            <unrealizedAppr>-35638.04000000</unrealizedAppr>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="FSPY C405 01/17/2025"/>
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        <balance>104.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>1409751.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>SG AMERICAS SECURITIES, LLC</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Spdr S&amp;P 500 Etf Trust</issuerName>
                <issueTitle>Spdr S&amp;P 500 Etf Trust TR UNIT</issueTitle>
                <identifiers>
                  <cusip value="78462F103"/>
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          <isCashCollateral>N</isCashCollateral>
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        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal ID" value="FSPY C550 01/17/2025"/>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>DO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>SG AMERICAS SECURITIES, LLC</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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              <otherRefInst>
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                  <cusip value="78462F103"/>
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            <delta>XXXX</delta>
            <unrealizedAppr>-184621.94000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <other otherDesc="Internal ID" value="FIWM C163 01/17/2025"/>
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        <balance>103.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DO</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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            <counterparties>
              <counterpartyName>SG AMERICAS SECURITIES, LLC</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
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              <otherRefInst>
                <issuerName>iShare Trust</issuerName>
                <issueTitle>iShare Trust RUSSELL 2000 ETF</issueTitle>
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            <shareNo>103.00000000</shareNo>
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            <unrealizedAppr>178846.42000000</unrealizedAppr>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <other otherDesc="Internal ID" value="FIWM C220 01/17/2025"/>
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        <balance>-103.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-139613.41000000</valUSD>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>DO</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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            <counterparties>
              <counterpartyName>SG AMERICAS SECURITIES, LLC</counterpartyName>
              <counterpartyLei>549300F35UE0BOM1WJ55</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>iShare Trust</issuerName>
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            <delta>XXXX</delta>
            <unrealizedAppr>-77581.84000000</unrealizedAppr>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal ID" value="FEFA C63  01/17/2025"/>
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        <balance>268.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>SG AMERICAS SECURITIES, LLC</counterpartyName>
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            <putOrCall>Call</putOrCall>
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                <issuerName>iShare Trust</issuerName>
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                  <cusip value="464287465"/>
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            <exercisePrice>63.00000000</exercisePrice>
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            <expDt>2025-01-17</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>134788.75000000</unrealizedAppr>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="FEEM C44  01/17/2025"/>
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        <balance>-260.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-42107.00000000</valUSD>
        <pctVal>-0.38332661430</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>SG AMERICAS SECURITIES, LLC</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>iShare Trust</issuerName>
                <issueTitle>iShare Trust MSCI EMG MKT ETF</issueTitle>
                <identifiers>
                  <cusip value="464287234"/>
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            <shareNo>-260.00000000</shareNo>
            <exercisePrice>44.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2025-01-17</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-19161.35000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Returns are reported without deducting sales loads and redemption fees, if any." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2024-04-26</ncom:dateSigned>
      <ncom:nameOfApplicant>Northern Lights Variable Trust</ncom:nameOfApplicant>
      <ncom:signature>James Colantino</ncom:signature>
      <ncom:signerName>James Colantino</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
