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        <name>Paramount Global</name>
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        <name>Blackstone Private Credit Fund</name>
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        <name>Interface, Inc.</name>
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        <name>United States Treasury Notes</name>
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        <name>United States Treasury Notes</name>
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        <name>The J M Smucker Company</name>
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        <name>Mellon Capital IV</name>
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        <name>AMC Networks Inc</name>
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        <name>Brinker International, Inc.</name>
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        <title>EAT 5 10/01/24</title>
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        <name>Compass Diversified</name>
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        <name>B. Riley Financial Inc</name>
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        <name>Old Republic International Corporation</name>
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        <name>ACCO Brands Corporation</name>
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        <name>Ventas Realty L.P./Ventas Capital Corp.</name>
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        <name>United States Treasury Notes</name>
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        <name>Hercules Capital Inc</name>
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        <name>Golub Capital BDC Inc.</name>
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        <name>United States Treasury Bills</name>
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        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
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        <cusip>060505815</cusip>
        <identifiers>
          <isin value="US0605058157"/>
        </identifiers>
        <balance>21000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>443520.00000000</valUSD>
        <pctVal>1.527820722474</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Gulfport Energy Corporation</name>
        <lei>549300FJX18IDUFPHD40</lei>
        <title>GPOR 8 05/17/26</title>
        <cusip>402635AQ9</cusip>
        <identifiers>
          <isin value="US402635AQ92"/>
        </identifiers>
        <balance>1190000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1205630.65000000</valUSD>
        <pctVal>4.153110323592</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>First American Funds Inc.</name>
        <lei>549300J5J5SJCZ9IA369</lei>
        <title>FIRST AM-TR OB-X</title>
        <cusip>31846V328</cusip>
        <identifiers>
          <isin value="US31846V3289"/>
        </identifiers>
        <balance>1159208.81000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1159208.81000000</valUSD>
        <pctVal>3.993198145726</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <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>2023-12-28</ncom:dateSigned>
      <ncom:nameOfApplicant>NORTHERN LIGHTS FUND TRUST II</ncom:nameOfApplicant>
      <ncom:signature>Erik Naviloff</ncom:signature>
      <ncom:signerName>Erik Naviloff</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
