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        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleType>N/A</relyOnRuleType>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>N</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>Y</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>North Star Investment Management Corp.</investmentAdviserName>
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            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
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        </investmentAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>Gemini Fund Services, LLC</transferAgentName>
            <transferAgentFileNo>84-1964</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-NE" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>ICE Data Services</pricingServiceName>
            <pricingServiceLei>N/A</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>MUFG Union Bank, N.A.</custodianName>
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          </custodian>
        </custodians>
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        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Gemini Fund Services, LLC</shareholderServiceAgentName>
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        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
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          <admin>
            <adminName>Gemini Fund Services, LLC</adminName>
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        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokers>
          <broker>
            <brokerName>NEUBERGER BERMAN</brokerName>
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            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
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          <broker>
            <brokerName>NATIONAL FINANCIAL SERVICES</brokerName>
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            <brokerLei>549300JRHF1MHHWUAW04</brokerLei>
            <brokerStateCountry brokerState="US-MA" brokerCountry="US"/>
            <grossCommission>4061.85000000</grossCommission>
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        <aggregateCommission>4796.84000000</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
            <principalName>LADENBURG THALMANN</principalName>
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        <principalAggregatePurchase>400000.00000000</principalAggregatePurchase>
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        <dailyAvgNetAssets>0.00000000</dailyAvgNetAssets>
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      <managementInvestmentQuestion>
        <mgmtInvFundName>North Star Micro Cap Fund</mgmtInvFundName>
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          <sharesOutstanding sharesOutstandingClassName="North Star Micro Cap Fund Class I Shares" sharesOutstandingClassId="C000125617" sharesOutstandingTickerSymbol="NSMVX"/>
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        <fundType>N/A</fundType>
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        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 17e-1 (17 CFR 270.17e-1)</relyOnRuleType>
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        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>N</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>North Star Investment Management Corp.</investmentAdviserName>
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            <investmentAdviserStateCountry investmentAdviserState="US-IL" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
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        <transferAgents>
          <transferAgent>
            <transferAgentName>Gemini Fund Services, LLC</transferAgentName>
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            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-NE" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>ICE Data Services</pricingServiceName>
            <pricingServiceLei>N/A</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>MUFG Union Bank, N.A.</custodianName>
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            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Gemini Fund Services, LLC</shareholderServiceAgentName>
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            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-NE" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>N</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>Gemini Fund Services, LLC</adminName>
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        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokers>
          <broker>
            <brokerName>NATIONAL FINANCIAL SERVICES</brokerName>
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            <brokerStateCountry brokerState="US-MA" brokerCountry="US"/>
            <grossCommission>14892.75000000</grossCommission>
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          <broker>
            <brokerName>B RILEY &amp; CO</brokerName>
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          <broker>
            <brokerName>CRAIG-HALLUM CAPITAL GROUP</brokerName>
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            <brokerStateCountry brokerState="US-MN" brokerCountry="US"/>
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          <broker>
            <brokerName>NEUBERGER BERMAN</brokerName>
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          <broker>
            <brokerName>WEDBUSH SECURITIES</brokerName>
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          <broker>
            <brokerName>SIDOTI &amp; CO</brokerName>
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          <broker>
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          <broker>
            <brokerName>JPMORGAN CHASE</brokerName>
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          <broker>
            <brokerName>ROTH CAPITAL PARTNERS</brokerName>
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            <brokerStateCountry brokerState="US-CA" brokerCountry="US"/>
            <grossCommission>4653.24000000</grossCommission>
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        <aggregateCommission>53069.23000000</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
            <principalName>MUFG Union Bank, N.A.</principalName>
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            <principalCrdNo>000019685</principalCrdNo>
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      <managementInvestmentQuestion>
        <mgmtInvFundName>North Star Opportunity Fund</mgmtInvFundName>
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          <sharesOutstanding sharesOutstandingClassName="North Star Opportunity Fund Class A Shares" sharesOutstandingClassId="C000106068" sharesOutstandingTickerSymbol="NSOPX"/>
          <sharesOutstanding sharesOutstandingClassName="North Star Opportunity Fund Class I Shares" sharesOutstandingClassId="C000106067" sharesOutstandingTickerSymbol="NSOIX"/>
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        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
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        <investmentAdvisers>
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            <transferAgentName>Gemini Fund Services, LLC</transferAgentName>
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        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>ICE Data Services</pricingServiceName>
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            <shareholderServiceAgentName>Gemini Fund Services, LLC</shareholderServiceAgentName>
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      <managementInvestmentQuestion>
        <mgmtInvFundName>Orchard Small Cap Value Fund</mgmtInvFundName>
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          <transferAgent>
            <transferAgentName>Gemini Fund Services, LLC</transferAgentName>
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          <pricingService>
            <pricingServiceName>ICE Data Services</pricingServiceName>
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          <custodian>
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          <shareholderServicingAgent>
            <shareholderServiceAgentName>Gemini Fund Services, LLC</shareholderServiceAgentName>
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            <adminName>Gemini Fund Services, LLC</adminName>
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          <broker>
            <brokerName>Fidelity Capital Markets</brokerName>
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        <aggregateCommission>3765.00000000</aggregateCommission>
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          <principalTransaction>
            <principalName>Fidelity Capital Markets</principalName>
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      <managementInvestmentQuestion>
        <mgmtInvFundName>FormulaFolios US Equity Fund</mgmtInvFundName>
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          <sharesOutstanding sharesOutstandingClassName="FormulaFolios US Equity Fund Investor Class Shares" sharesOutstandingClassId="C000162256" sharesOutstandingTickerSymbol="FFIOX"/>
          <sharesOutstanding sharesOutstandingClassName="FormulaFolios US Equity Fund Institutional Class Shares" sharesOutstandingClassId="C000162255" sharesOutstandingTickerSymbol="FFILX"/>
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        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleType>N/A</relyOnRuleType>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>Y</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>FormulaFolios Investments LLC</investmentAdviserName>
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            <investmentAdviserStateCountry investmentAdviserState="US-MI" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
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        <transferAgents>
          <transferAgent>
            <transferAgentName>Gemini Fund Services, LLC</transferAgentName>
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            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-NE" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
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        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>ICE Data Services</pricingServiceName>
            <pricingServiceLei>N/A</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
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        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>US Bank</custodianName>
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        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Gemini Fund Service, LLC</shareholderServiceAgentName>
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        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>Gemini Fund Services, LLC</adminName>
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        <brokers>
          <broker>
            <brokerName>Interactive Brokers, LLC</brokerName>
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          <broker>
            <brokerName>Fidelity Capital Markets, Inc</brokerName>
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        <aggregateCommission>273679.00000000</aggregateCommission>
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            <principalName>Fidelity Capital Markets, Inc</principalName>
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        <isSwingPricing>N</isSwingPricing>
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      <managementInvestmentQuestion>
        <mgmtInvFundName>Dynamic U.S. Opportunity Fund</mgmtInvFundName>
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          <sharesOutstanding sharesOutstandingClassName="Dynamic U.S. Opportunity Fund Class N" sharesOutstandingClassId="C000107965" sharesOutstandingTickerSymbol="ICSNX"/>
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          <fundType>Fund of Funds</fundType>
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        <fundLendSecurities didFundLendSecurities="Y">
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        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
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        <netIncomeSecuritiesLending>25218.00000000</netIncomeSecuritiesLending>
        <relyOnRuleType>N/A</relyOnRuleType>
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        <isFeesWaivedRecoupable>Y</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
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            <investmentAdviserHired isInvestmentAdviserHired="Y">
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        <investmentAdvisersTerminated>
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            <investmentAdviserTerminatedName>AFAM Capital, Inc.</investmentAdviserTerminatedName>
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            <investAdviserTerminatedCrdNo>000108517</investAdviserTerminatedCrdNo>
            <investAdviserTerminatedLei>N/A</investAdviserTerminatedLei>
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            <investAdviserTerminationDate>2018-03-27</investAdviserTerminationDate>
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        <transferAgents>
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            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
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        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>ICE Data Services</pricingServiceName>
            <pricingServiceLei>N/A</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
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        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>MUFG Union Bank, National Association</custodianName>
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        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
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          <admin>
            <adminName>Gemini Fund Services, LLC</adminName>
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        <brokers>
          <broker>
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          <principalTransaction>
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            <principalName>CITADEL SECURITIES</principalName>
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      <managementInvestmentQuestion>
        <mgmtInvFundName>Dynamic International Opportunity Fund</mgmtInvFundName>
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        <collateralManagers>
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        <avgPortfolioSecuritiesValue>45157181.00000000</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>495360.00000000</netIncomeSecuritiesLending>
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        <isFeesWaivedRecoupable>Y</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
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            <investmentAdviserFileNo>801-112421</investmentAdviserFileNo>
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            <investmentAdviserLei>N/A</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-TX" investmentAdviserCountry="US"/>
            <investmentAdviserHired isInvestmentAdviserHired="Y">
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        <investmentAdvisersTerminated>
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            <investAdviserTerminatedCrdNo>000108517</investAdviserTerminatedCrdNo>
            <investAdviserTerminatedLei>N/A</investAdviserTerminatedLei>
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            <investAdviserTerminationDate>2018-03-27</investAdviserTerminationDate>
          </investmentAdviserTerminated>
        </investmentAdvisersTerminated>
        <transferAgents>
          <transferAgent>
            <transferAgentName>Gemini Fund Services, LLC</transferAgentName>
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            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>ICE Data Services</pricingServiceName>
            <pricingServiceLei>N/A</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
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            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
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        </custodians>
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        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
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            <adminName>Gemini Fund Services, LLC</adminName>
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            <adminStateCountry adminState="US-NY" adminCountry="US"/>
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            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
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            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
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        <aggregateCommission>6420.00000000</aggregateCommission>
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          <principalTransaction>
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          <principalTransaction>
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          </principalTransaction>
          <principalTransaction>
            <principalName>BANK OF AMERICA MERRILL LYNCH</principalName>
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            <principalTotalPurchaseSale>68289942.00000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>CITADEL SECURITIES</principalName>
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            <principalCrdNo>000014968</principalCrdNo>
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            <principalStateCountry principalState="US-IL" principalCountry="US"/>
            <principalTotalPurchaseSale>9666009.00000000</principalTotalPurchaseSale>
          </principalTransaction>
          <principalTransaction>
            <principalName>Goldman Sachs</principalName>
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            <principalCrdNo>000000361</principalCrdNo>
            <principalLei>N/A</principalLei>
            <principalStateCountry principalState="US-NJ" principalCountry="US"/>
            <principalTotalPurchaseSale>136591178.00000000</principalTotalPurchaseSale>
          </principalTransaction>
        </principalTransactions>
        <principalAggregatePurchase>385108535.00000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>133367279.00000000</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
    </managementInvestmentQuestionSeriesInfo>
    <attachmentsTab>
      <isIPAReportInternalControl>true</isIPAReportInternalControl>
    </attachmentsTab>
    <signature registrantSignedName="Northern Lights Fund Trust II" signedDate="2019-01-29" signature="Erik Naviloff" title="Treasurer"/>
  </formData>
</edgarSubmission>
