SEC Info - Northern Lights Fund Trust II - ‘NSAR-A’ for 2/28/15

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Northern Lights Fund Trust II – ‘NSAR-A’ for 2/28/15

On: Friday, 4/24/15, at 4:44pm ET · Effective: 4/24/15 · For: 2/28/15 · Accession #: 910472-15-265 · File #: 811-22549

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/24/15  Northern Lights Fund Trust II     NSAR-A      2/28/15    1:11K                                    Gemini Fund Svcs, LLC.
          → Hundredfold Select Alternative Fund ⇒ Hundredfold Select Alternative Fund Investor Class Shares (HFSAX) — Hundredfold Select Alternative Fund Service Class (SFHYX)
          → Hundredfold Select Equity Fund ⇒ Hundredfold Select Equity Fund Service Class (SFEOX)

Semi-Annual Report by an Investment Company — Form N-SAR — ICA’40
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: NSAR-A      Hundredfold Nsar                                      11     46K

SEC Info℠ rendering: Data from the Answer File, which may only contain updates to a prior Form N-SAR

Form N-SAR

Semi-Annual Report by an Open-End Investment Company

Report
Registrant: Northern Lights Fund Trust II — List all N-SARs

Semi-Annual Report (at mid-year) for the 1st-half period ended: 2/28/15

Were there any Answer File errors in the Filing? None FoundNone Found by SEC InfoNot Checked by the FilerOne or more Found by SEC Info
Was the Answer File completed by the Registrant? Yes

Is this an Amendment to a previous Report? No
Is this a change to a previous Report? No
Registrant
1. SEC CIK: 1518042
SEC File #: 811-22549

Telephone #: 631-470-2603
2. Address: 17605 Wright Street
Omaha, NE 68130
3. Is this the first Form N-SAR filed by the Registrant? No
4. Is this the final Form N-SAR filed by the Registrant? No
Funds/Series ↑Top of Form N-SAR
7. Is the Registrant a Funds/Series (multiple portfolios) company? Yes

The number of separate Funds/Series (portfolios) at period end: 31
The number of separate Funds/Series (portfolios) reported here: 2...

N-SAR S# Fund/Series — Filings for F/S#… ⇒ Symbols
↓Information Common to All
↓ Series 3: Hundredfold Select Alternative Fund — S#33695 ⇒ HFSAX & SFHYX
↓ Series 5: Hundredfold Select Equity Fund — S#33697 ⇒ SFEOX
Family of Investment Companies
19. Is the Registrant/Series part of a “family” of investment companies? Yes

Total number of registered management investment companies, Series
and portfolios (excluding any Unit Investment Trusts) in the family: 2

The Identification Code of the family for Form N-SAR Filings: HUNDREDFDS
Investment Company Type
27. Is the Registrant an “open-end” investment company? Yes, Open-End
Additional Disclosures
77. Did the Registrant file any additional Exhibits with the filing of this
Report (listed here and filed either herewith — as one of the ‘EX-99.*’
↑Exhibits in this Filing — or separately and incorporated by reference)? No
Subsidiaries
78. Does the Registrant have any wholly-owned investment company
subsidiaries whose operating and financial data are consolidated with
that of the Registrant in this Report? No
All Series ↑List of 2 Funds/Series Reported Here

Information Common to All Funds/Series
All: Investment Adviser
8.1 Name: Advisors Preferred, LLC
Role: Adviser
SEC File #: 801-72430
Location: Rockville, MD
8.2 Name: Hundredfold Advisors, LLC
Role: Sub-Adviser
SEC File #: 801-63226
Location: Virginia Beach, VA
All: Administrator
10.1 Name: Gemini Fund Services, LLC
Location: Hauppauge, NY
All: Principal Underwriter
11.1 Name: Ceros Financial Services, Inc.
SEC File #: 008-47955
Location: Rockville, MD
All: Shareholder Servicing/Transfer Agent
12.1 Name: Gemini Fund Services
SEC File #: 084-06083
Location: Omaha, NE
All: Independent Public Accountant
13.1 Name: Cohen Fund Audit Services
Location: Cleveland, OH
All: Affiliated Broker/Dealer
14.1 Name: Ceros Financial Services, Inc.
SEC File #: 008-47955
All: Custodian
15.1 Name: U.S. Bank N.A.
Role: Custodian
Location: Milwaukee, WI

Type of custody: Section 17(f)(1) — Bank
18. Does the Registrant’s/Series’ Custodian(s) maintain some or all of the
Registrant’s/Series’ securities in a central depository or book-entry
system pursuant to Rule 17f-4? Yes
All: Brokerage Commissions Paid on Portfolio Transactions
20. The brokers who received the largest amount of gross brokerage
commissions during the period:
20.1 Broker: Ceros
Commissions paid ($000s): 15
20.2 Broker: RBC
Commissions paid ($000s): 5
21. Total brokerage commissions paid by the Registrant during the period:
Aggregate paid ($000s): 20
All: Portfolio Transactions with Entities Acting as Principals
22. The entities acting as principals with whom the Registrant did the
largest amount of portfolio transactions, based on total value of
principal, during the period:
22.1 Entity: Ceros
Registrant’s purchases ($000s): 137,350
Registrant’s sales ($000s): 141,514
22.2 Entity: Union Bank
Registrant’s purchases ($000s): 60
Registrant’s sales ($000s): 3,300
22.3 Entity: RBC
Registrant’s purchases ($000s): 175
23. Total purchase/sale transactions by the Registrant during the period:
Aggregate purchases ($000s): 137,585
Aggregate sales ($000s): 144,814
All: Holdings of Securities Issued by Registrant’s/Series’ Brokers or Dealers
24. At period end, did the Registrant/Series hold any securities of the
Registrant’s/Series’ regular brokers or dealers, or of the parents of
such brokers or dealers, that derive more than 15% of gross revenue from
securities-related activities? No
All: Considerations which Affected the Participation of Brokers or Dealers
26. Considerations which affected the participation of brokers or dealers or
other entities in commissions or other compensation paid on portfolio
transactions of the Registrant:

Consideration?
Sales of the Registrant’s/Series’ shares ............................... No
Receipt of investment research and statistical info .................... No
Receipt of quotations for portfolio valuations ......................... No
Ability to execute portfolio transactions to obtain the best price
and execution ........................................................ Yes
Receipt of telephone line and wire services ............................ No
Broker or Dealer which is an affiliated person ......................... No
An arrangement to return or credit part or all of commissions or
profits thereon...
To an Investment Adviser or Principal Underwriter, or to an
affiliated person of either ...................................... No
To the Registrant .................................................. No
Other .................................................................. No
All: Advisory Fee
45. Did the Registrant/Series have an advisory contract during the period? Yes
46. Did the Registrant/Series pay more than one Investment Adviser directly
for investment advice during the period? No
47. Was the Registrant’s/Series’ advisory fee based solely on a percentage
of its assets? Yes
48. Fee (single rate or step rates) applied to the Registrant’s/Series’
assets based on the advisory contract:
Single-fee rate: 1.0%
Step-fee rates:
For 1st $000s: 0
Annual rate: 0.0%
54. Indicated below are whether services were supplied or paid for wholly or
in substantial part by Investment Adviser(s) or Administrator(s) in
connection with the advisory or administrative contract(s) but for which
the Adviser(s) or Administrator(s) are not reimbursed by the Registrant:

Provided to the Registrant?
Occupancy and office rental ............................................ Yes
Clerical and bookkeeping services ...................................... Yes
Accounting services .................................................... No
Services of independent auditors ....................................... No
Services of outside counsel ............................................ No
Registration and filing fees ........................................... No
Stationery, supplies and printing ...................................... No
Salaries & compensation of Registrant’s interested Directors ........... Yes
Salaries & compensation of Registrant’s disinterested Directors ........ No
Salaries & compensation of Registrant’s Officers who aren’t Directors .. Yes
Reports to current shareholders ........................................ No
Determination of offering and redemption prices ........................ No
Trading department ..................................................... Yes
Prospectus preparation and printing for current shareholders ........... No
Other .................................................................. No
All: Miscellaneous Info
55. Did the Registrant/Series have any of the following outstanding at any
time during the period which exceeded 1% of aggregate net assets:
Overdrafts? No
Bank loans? No
56. During the period, did the Registrant’s/Series’ Investment Adviser(s)
have advisory clients other than investment companies? Yes
57. Did the Registrant/Series adjust the number of its shares outstanding by
means of a stock split or stock dividend? No
All: Classification and Asset Allocation
58. Is the Registrant/Series a Separate Account of an insurance company? No
59. Is the Registrant/Series a management investment company? Yes
60. Was the Registrant/Series a diversified investment company at any time
during the period? No

Was the Registrant/Series a diversified investment company at the end of
the period? No
61. The lowest minimum initial investment required by the Registrant/Series
from an investor that is not an employee or otherwise affiliated with
the Registrant/Series, its Investment Adviser, Principal Underwriter or
other affiliated entity: $5,000
62. Does the Registrant/Series invest primarily in debt securities,
including convertible debt securities, options & futures on debt
securities or indices of debt securities? No
Series 3 ↑Information Common to All Funds/Series ↑List of 2 Funds/Series
7. Name: Hundredfold Select Alternative Fund — S#33695 ⇒ HFSAX & SFHYX

Is this the final Form N-SAR filed for this Fund/Series? No
S 3: Sales and Repurchases
28. Monthly total Net Asset Value (NAV) of sales and repurchases of the
Registrant’s/Series’ shares:
1st Month of period: ($000s)
Total NAV of shares sold:
New sales (including exchanges) ............................ 527
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 20,513
2nd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 2,138
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 5,697
3rd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 329
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 2,067
4th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 730
Reinvestment of dividends and distributions ................ 4,468
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 155
5th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 3,094
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 4,541
6th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 1,758
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 4,770

Total of all months: ($000s)
Total NAV of shares sold:
New sales (including exchanges) ............................ 8,576
Reinvestment of dividends and distributions ................ 4,468
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 37,743

Total NAV of the Registrant’s/Series’ share sales during the period
subject to a sales load ($000s): 0
S 3: Sales Load (Front-End or Deferred) and Fees (Redemption or Maintenance)
29. Was a front-end sales load deducted from any share sales during the
period? No
34. Did the Registrant/Series impose a deferred or contingent deferred sales
load during the period? No
37. Did the Registrant/Series impose a redemption fee other than a deferred
or contingent sales load during the period? No
39. Were any account maintenance fees or other administrative fees imposed
directly on shareholders during the period? No
S 3: Payment Plan for the Distribution of Fund Shares
40. During the period, did the Registrant/Series have a plan of distribution
adopted pursuant to Rule 12b-1? Yes
41. During the period, did the Registrant/Series use its assets directly to
make payments under the 12b-1 plan? Yes
42. For the period, the percentage of total dollars paid directly by the
Registrant/Series under the 12b-1 plan for each of the following:

Percentage of Total Amount Paid (%)
Advertising ............................................................ –
Printing & mailing of prospectuses to other than current shareholders .. –
Payments to underwriters ............................................... 43
Payments to brokers or dealers ......................................... 44
Direct payments to sales personnel ..................................... –
Payments to banks and savings & loans .................................. –
Other uses, including payments to its Investment Adviser separate
from the advisory fee ................................................ 13
Unallocated payments made for a combination of such services ........... –
43. Total amount paid directly by the Registrant/Series pursuant to its
12b-1 plan ($000s): 310
44. If an Investment Adviser or other affiliated person of the
Registrant/Series made unreimbursed payments pursuant to the 12b-1 plan,
the total amount of such payments ($000s): 0
S 3: Advisory Fee
49. Was the Registrant’s/Series’ advisory fee during the period based solely
on a percentage of its income? No
50. Was the Registrant’s/Series’ advisory fee during the period based on
some combined percentage of its income and assets? No
51. Was the Registrant’s/Series’ advisory fee during the period based in
whole or in part on its investment performance? No
52. Was the Registrant’s/Series’ advisory fee during the period based in
whole or in part on the assets, income or performance of other
Registrants? No
53. Were the expenses of the Registrant/Series limited or reduced at any
time during the period by some agreement or understanding other than by
Blue Sky Laws? No
S 3: Classification and Asset Allocation
66. Is the Registrant/Series a Fund that usually invests in equity
securities, options & futures on equity securities, indices of equity
securities or securities convertible into equity securities? Yes

Which best describes its primary investment objective:

Aggressive capital appreciation? No
Capital appreciation? No
Growth? No
Growth and income? No
Income? No
Total return? Yes
67. Is the Registrant/Series a “balanced” Fund? No
68. Does the Registrant/Series have more than 50% of its net assets at
period end invested in the securities of issuers...
Engaged primarily in production or distribution of precious metals? No
Located primarily in countries other than the United States? No
69. Is the Registrant/Series an index Fund? No
S 3: Investment Practices
70. Activities that are permitted by the Registrant’s/Series’ investment
policies, and which were engaged in during the period:

Activity Permitted Engaged In
Writing or investing in repurchase agreements? Yes No
Writing or investing in options on equities? Yes No
Writing or investing in options on debt securities? Yes No
Writing or investing in options on stock indices? Yes No
Writing or investing in interest rate futures? Yes No
Writing or investing in stock index futures? Yes to both
Writing or investing in options on futures? Yes No
Writing or investing in options on stock index futures? Yes No
Writing or investing in other commodity futures? Yes No
Investments in restricted securities? Yes No
Investments in shares of other investment companies? Yes to both
Investments in securities of foreign issuers? Yes No
Currency exchange transactions? Yes No
Loaning portfolio securities? Yes No
Borrowing of money? Yes No
Purchases/sales by certain exempted affiliated persons? No –
Margin purchases? No –
Short selling? Yes No
S 3: Portfolio Turnover
71. Portfolio turnover rate for the period:
Purchases ($000s): 163,218
Sales ($000s): 168,431

Monthly average Value of portfolio ($000s): 61,233

Percent turnover (lesser of Purchases or Sales, divided by Value): 267%
S 3: Financial Info — Income and Expenses
72. The number of months covered by the values in Items 72 and 73: 6

Income ($000s)
Net interest income .............................................. 8
Net dividend income .............................................. 1,331
Account maintenance fees ......................................... –
Net other income ................................................. –

Expenses ($000s)
Advisory fees .................................................... 444
Administrator fees ............................................... –
Salaries and other compensation .................................. –
Shareholder Servicing Agent fees ................................. 213
Custodian fees ................................................... –
Postage .......................................................... –
Printing expenses ................................................ –
Directors’ fees .................................................. –
Registration fees ................................................ –
Taxes ............................................................ –
Interest ......................................................... –
Bookkeeping fees paid to anyone performing this service .......... –
Auditing fees .................................................... –
Legal fees ....................................................... –
Marketing/distribution payments, incl. Rule 12b-1 plan payments .. 310
Amortization of organization expenses ............................ –
Shareholder meeting expenses ..................................... –
Other expenses ................................................... –
Total expenses ................................................... 967

Expense reimbursements ($000s): 0

Net investment income ($000s): 372

Realized capital gains ($000s): 0
Realized capital losses ($000s): 393

Net unrealized appreciation during the period ($000s): 614
Net unrealized depreciation during the period ($000s): 0

Total income dividends for which the record date passed during the
period ($000s): 0

Total capital gains distributions for which the record date passed
during the period ($000s): 7,288
73. Distributions per share for which the record date passed during the
period, shown in fractions of a cent, if so declared:

Dividends from net investment income: $0.0000

Distribution of capital gains: $1.9700
Other distributions: $0.0000
S 3: Financial Info — Condensed Balance Sheet Data
74. Assets ($000s)
Cash ............................................................. 8,603
Repurchase agreements ............................................ –
Short-term debt securities, other than repurchase agreements ..... –
Long-term debt securities, including convertible debt ............ –
Preferred, conv. preferred and adjustable-rate preferred stock ... –
Common stock ..................................................... –
Options on equities .............................................. –
Options on all futures ........................................... –
Other investments ................................................ 74,480
Receivables from portfolio instruments sold ...................... –
Receivables from affiliated persons .............................. –
Other receivables ................................................ 249
All other assets ................................................. 623
Total assets ..................................................... 83,955

Liabilities ($000s)
Payables for portfolio instruments purchased ..................... 90
Amounts owed to affiliated persons ............................... 110
Senior long-term debt ............................................ –
Other liabilities:
Reverse repurchase agreements .................................. –
Short sales .................................................... –
Written options ................................................ –
All other liabilities .......................................... 283

Equity ($000s)
Senior equity .................................................... –
Net assets of common shareholders ................................ 83,472

Number of shares outstanding (000s): 2,594
Number of shares outstanding of a second class of shares (000s): 1,178

Net Asset Value (NAV) per share (to nearest cent): $21.82
NAV per share of a second class of shares (to nearest cent): $22.80

Total number of shareholder accounts: 1,807

Total value of assets in segregated accounts ($000s): 0
75. Monthly average net assets during the period ($000s): 89,987
Series 5 ↑Information Common to All Funds/Series ↑List of 2 Funds/Series
7. Name: Hundredfold Select Equity Fund — S#33697 ⇒ SFEOX

Is this the final Form N-SAR filed for this Fund/Series? No
S 5: Sales and Repurchases
28. Monthly total Net Asset Value (NAV) of sales and repurchases of the
Registrant’s/Series’ shares:
1st Month of period: ($000s)
Total NAV of shares sold:
New sales (including exchanges) ............................ 2
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 1,710
2nd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 1
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 472
3rd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 1,120
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 153
4th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 28
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 761
5th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 1
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 558
6th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 1
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 1,417

Total of all months: ($000s)
Total NAV of shares sold:
New sales (including exchanges) ............................ 1,153
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 5,071

Total NAV of the Registrant’s/Series’ share sales during the period
subject to a sales load ($000s): 0
S 5: Sales Load (Front-End or Deferred) and Fees (Redemption or Maintenance)
29. Was a front-end sales load deducted from any share sales during the
period? No
34. Did the Registrant/Series impose a deferred or contingent deferred sales
load during the period? No
37. Did the Registrant/Series impose a redemption fee other than a deferred
or contingent sales load during the period? No
39. Were any account maintenance fees or other administrative fees imposed
directly on shareholders during the period? No
S 5: Payment Plan for the Distribution of Fund Shares
40. During the period, did the Registrant/Series have a plan of distribution
adopted pursuant to Rule 12b-1? Yes
41. During the period, did the Registrant/Series use its assets directly to
make payments under the 12b-1 plan? Yes
42. For the period, the percentage of total dollars paid directly by the
Registrant/Series under the 12b-1 plan for each of the following:

Percentage of Total Amount Paid (%)
Advertising ............................................................ –
Printing & mailing of prospectuses to other than current shareholders .. –
Payments to underwriters ............................................... 43
Payments to brokers or dealers ......................................... 44
Direct payments to sales personnel ..................................... –
Payments to banks and savings & loans .................................. –
Other uses, including payments to its Investment Adviser separate
from the advisory fee ................................................ 13
Unallocated payments made for a combination of such services ........... –
43. Total amount paid directly by the Registrant/Series pursuant to its
12b-1 plan ($000s): 58
44. If an Investment Adviser or other affiliated person of the
Registrant/Series made unreimbursed payments pursuant to the 12b-1 plan,
the total amount of such payments ($000s): 0
S 5: Advisory Fee
49. Was the Registrant’s/Series’ advisory fee during the period based solely
on a percentage of its income? No
50. Was the Registrant’s/Series’ advisory fee during the period based on
some combined percentage of its income and assets? No
51. Was the Registrant’s/Series’ advisory fee during the period based in
whole or in part on its investment performance? No
52. Was the Registrant’s/Series’ advisory fee during the period based in
whole or in part on the assets, income or performance of other
Registrants? No
53. Were the expenses of the Registrant/Series limited or reduced at any
time during the period by some agreement or understanding other than by
Blue Sky Laws? No
S 5: Classification and Asset Allocation
66. Is the Registrant/Series a Fund that usually invests in equity
securities, options & futures on equity securities, indices of equity
securities or securities convertible into equity securities? Yes

Which best describes its primary investment objective:

Aggressive capital appreciation? No
Capital appreciation? No
Growth? No
Growth and income? No
Income? No
Total return? Yes
67. Is the Registrant/Series a “balanced” Fund? No
68. Does the Registrant/Series have more than 50% of its net assets at
period end invested in the securities of issuers...
Engaged primarily in production or distribution of precious metals? No
Located primarily in countries other than the United States? No
69. Is the Registrant/Series an index Fund? No
S 5: Investment Practices
70. Activities that are permitted by the Registrant’s/Series’ investment
policies, and which were engaged in during the period:

Activity Permitted Engaged In
Writing or investing in repurchase agreements? Yes No
Writing or investing in options on equities? Yes No
Writing or investing in options on debt securities? Yes No
Writing or investing in options on stock indices? Yes No
Writing or investing in interest rate futures? Yes No
Writing or investing in stock index futures? Yes to both
Writing or investing in options on futures? Yes No
Writing or investing in options on stock index futures? Yes No
Writing or investing in other commodity futures? Yes No
Investments in restricted securities? Yes No
Investments in shares of other investment companies? Yes to both
Investments in securities of foreign issuers? Yes No
Currency exchange transactions? Yes No
Loaning portfolio securities? Yes No
Borrowing of money? Yes No
Purchases/sales by certain exempted affiliated persons? Yes No
Margin purchases? Yes No
Short selling? Yes No
S 5: Portfolio Turnover
71. Portfolio turnover rate for the period:
Purchases ($000s): 19,873
Sales ($000s): 22,302

Monthly average Value of portfolio ($000s): 8,041

Percent turnover (lesser of Purchases or Sales, divided by Value): 247%
S 5: Financial Info — Income and Expenses
72. The number of months covered by the values in Items 72 and 73: 6

Income ($000s)
Net interest income .............................................. 1
Net dividend income .............................................. 278
Account maintenance fees ......................................... –
Net other income ................................................. –

Expenses ($000s)
Advisory fees .................................................... 58
Administrator fees ............................................... –
Salaries and other compensation .................................. –
Shareholder Servicing Agent fees ................................. 26
Custodian fees ................................................... –
Postage .......................................................... –
Printing expenses ................................................ –
Directors’ fees .................................................. –
Registration fees ................................................ –
Taxes ............................................................ –
Interest ......................................................... –
Bookkeeping fees paid to anyone performing this service .......... –
Auditing fees .................................................... –
Legal fees ....................................................... –
Marketing/distribution payments, incl. Rule 12b-1 plan payments .. 58
Amortization of organization expenses ............................ –
Shareholder meeting expenses ..................................... –
Other expenses ................................................... –
Total expenses ................................................... 142

Expense reimbursements ($000s): 0

Net investment income ($000s): 137

Realized capital gains ($000s): 0
Realized capital losses ($000s): 555

Net unrealized appreciation during the period ($000s): 0
Net unrealized depreciation during the period ($000s): 32

Total income dividends for which the record date passed during the
period ($000s): 0

Total capital gains distributions for which the record date passed
during the period ($000s): 0
73. Distributions per share for which the record date passed during the
period, shown in fractions of a cent, if so declared:

Dividends from net investment income: $0.0000

Distribution of capital gains: $0.0000
Other distributions: $0.0000
S 5: Financial Info — Condensed Balance Sheet Data
74. Assets ($000s)
Cash ............................................................. 471
Repurchase agreements ............................................ –
Short-term debt securities, other than repurchase agreements ..... –
Long-term debt securities, including convertible debt ............ –
Preferred, conv. preferred and adjustable-rate preferred stock ... –
Common stock ..................................................... –
Options on equities .............................................. –
Options on all futures ........................................... –
Other investments ................................................ 9,475
Receivables from portfolio instruments sold ...................... –
Receivables from affiliated persons .............................. –
Other receivables ................................................ 4
All other assets ................................................. 166
Total assets ..................................................... 10,116

Liabilities ($000s)
Payables for portfolio instruments purchased ..................... 5
Amounts owed to affiliated persons ............................... 16
Senior long-term debt ............................................ –
Other liabilities:
Reverse repurchase agreements .................................. –
Short sales .................................................... –
Written options ................................................ –
All other liabilities .......................................... 4

Equity ($000s)
Senior equity .................................................... –
Net assets of common shareholders ................................ 10,091

Number of shares outstanding (000s): 483

Net Asset Value (NAV) per share (to nearest cent): $20.87

Total number of shareholder accounts: 189

Total value of assets in segregated accounts ($000s): 0
75. Monthly average net assets during the period ($000s): 11,783
Signature ↑Top of Form N-SAR
/s/ Kevin Ogrady
Name: Kevin Ogrady
Title: Manager

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Filing Submission 0000910472-15-000265 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Northern Lights Fund Trust II – ‘NSAR-A’ for 2/28/15

On: Friday, 4/24/15, at 4:44pm ET · Effective: 4/24/15 · For: 2/28/15 · Accession #: 910472-15-265 · File #: 811-22549

Previous ‘NSAR-A’: ‘NSAR-A/A’ on 1/29/15 for 11/30/14 · Next: ‘NSAR-A/A’ on 4/27/15 for 2/28/15 · Latest: ‘NSAR-A/A’ on 4/30/18 for 2/28/18

Semi-Annual Report by an Investment Company — Form N-SAR — ICA’40Filing Table of Contents

Semi-Annual Report by an Investment Company — Form N-SAR — ICA’40
Filing Table of Contents