SEC Info - Northern Lights Fund Trust II - ‘NSAR-A/A’ for 8/31/14

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Northern Lights Fund Trust II – ‘NSAR-A/A’ for 8/31/14

On: Thursday, 10/30/14, at 2:56pm ET · Effective: 10/30/14 · For: 8/31/14 · Accession #: 910472-14-4804 · File #: 811-22549

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

10/30/14  Northern Lights Fund Trust II     NSAR-A/A    8/31/14    1:7K                                     Gemini Fund Svcs, LLC.
          → WOA All Asset I ⇒ WOA All Asset I Class I (WOAIX)

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

Document/Exhibit                   Description                      Pages   Size 

 1: NSAR-A/A    Woa Nsar Answer File                                   7     31K

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: 8/31/14

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? Yes
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: 26
The number of separate Funds/Series (portfolios) reported here: 1...

N-SAR S# Fund/Series — Filings for F/S#… ⇒ Symbols
↓Information Common to All
↓ Series 13: Woa All Asset I — S#34907 ⇒ WOAIX
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 Funds/Series Reported Here

Information Common to All Funds/Series
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: Oppenheimer
20.2 Broker: TD Ameritrade Inc.
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: TD Ameritrade Inc.
Registrant’s purchases ($000s): 176,899
Registrant’s sales ($000s): 183,670
22.2 Entity: MUFG Union Bank, N.A
Registrant’s purchases ($000s): 12,610
23. Total purchase/sale transactions by the Registrant during the period:
Aggregate purchases ($000s): 189,509
Aggregate sales ($000s): 183,670
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
Series 13 ↑Information Common to All Funds/Series ↑List of Funds/Series
7. Name: Woa All Asset I — S#34907 ⇒ WOAIX

Is this the final Form N-SAR filed for this Fund/Series? No
S13: Investment Adviser
8.1 Name: Water Oak Advisors, LLC
Role: Adviser
SEC File #: 801-66872
Location: Orlando, FL
S13: Administrator
10.1 Name: Gemini Fund Services, LLC
Location: Hauppauge, NY
S13: Principal Underwriter
11.1 Name: Northern Lights Distributors, LLC
SEC File #: 008-65857
Location: Omaha, NE
S13: Shareholder Servicing/Transfer Agent
12.1 Name: Gemini Fund Services, LLC
SEC File #: 084-01964
Location: Omaha, NE
S13: Independent Public Accountant
13.1 Name: Tait, Weller & Baker, LLP
Location: Philadelphia, PA
S13: Custodian
15.1 Name: MUFG Union Bank, N.A
Role: Custodian
Location: San Francisco, CA
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
S13: Family of Investment Companies
19. Is the Registrant/Series part of a “family” of investment companies? No
S13: 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
S13: 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) ............................ 2,490
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 958
2nd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 13,615
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 1,184
3rd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 14,050
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 1,031
4th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 5,881
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 843
5th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 3,439
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 1,291
6th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 1,361
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 737

Total of all months: ($000s)
Total NAV of shares sold:
New sales (including exchanges) ............................ 40,836
Reinvestment of dividends and distributions ................ –
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 6,044

Total NAV of the Registrant’s/Series’ share sales during the period
subject to a sales load ($000s): 0
S13: 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
S13: 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 ............................................... 13
Payments to brokers or dealers ......................................... 87
Direct payments to sales personnel ..................................... –
Payments to banks and savings & loans .................................. –
Other uses, including payments to its Investment Adviser separate
from the advisory fee ................................................ –
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): 31
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
S13: 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%
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
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
S13: 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? No
57. Did the Registrant/Series adjust the number of its shares outstanding by
means of a stock split or stock dividend? No
S13: 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? Yes

Was the Registrant/Series a diversified investment company at the end of
the period? Yes
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: $1,000,000
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
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
S13: 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? No –
Writing or investing in options on debt securities? No –
Writing or investing in options on stock indices? No –
Writing or investing in interest rate futures? Yes No
Writing or investing in stock index futures? Yes No
Writing or investing in options on futures? No –
Writing or investing in options on stock index futures? 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? Yes No
Short selling? Yes No
S13: Portfolio Turnover
71. Portfolio turnover rate for the period:
Purchases ($000s): 231,043
Sales ($000s): 194,522

Monthly average Value of portfolio ($000s): 114,469

Percent turnover (lesser of Purchases or Sales, divided by Value): 170%
S13: 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 .............................................. 10
Net dividend income .............................................. 1,636
Account maintenance fees ......................................... –
Net other income ................................................. –

Expenses ($000s)
Advisory fees .................................................... 596
Administrator fees ............................................... 50
Salaries and other compensation .................................. –
Shareholder Servicing Agent fees ................................. 15
Custodian fees ................................................... 6
Postage .......................................................... –
Printing expenses ................................................ 5
Directors’ fees .................................................. 4
Registration fees ................................................ 4
Taxes ............................................................ –
Interest ......................................................... –
Bookkeeping fees paid to anyone performing this service .......... 17
Auditing fees .................................................... 7
Legal fees ....................................................... 15
Marketing/distribution payments, incl. Rule 12b-1 plan payments .. 18
Amortization of organization expenses ............................ –
Shareholder meeting expenses ..................................... 2
Other expenses ................................................... 12
Total expenses ................................................... 751

Expense reimbursements ($000s): 0

Net investment income ($000s): 895

Realized capital gains ($000s): 2,534
Realized capital losses ($000s): 0

Net unrealized appreciation during the period ($000s): 1,678
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): 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
S13: Financial Info — Condensed Balance Sheet Data
74. Assets ($000s)
Cash ............................................................. 230
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 ................................................ 135,484
Receivables from portfolio instruments sold ...................... 41
Receivables from affiliated persons .............................. –
Other receivables ................................................ 16
All other assets ................................................. 16
Total assets ..................................................... 135,787

Liabilities ($000s)
Payables for portfolio instruments purchased ..................... –
Amounts owed to affiliated persons ............................... 120
Senior long-term debt ............................................ –
Other liabilities:
Reverse repurchase agreements .................................. –
Short sales .................................................... –
Written options ................................................ –
All other liabilities .......................................... 18

Equity ($000s)
Senior equity .................................................... –
Net assets of common shareholders ................................ 135,649

Number of shares outstanding (000s): 11,722

Net Asset Value (NAV) per share (to nearest cent): $11.57

Total number of shareholder accounts: 700

Total value of assets in segregated accounts ($000s): 0
75. Monthly average net assets during the period ($000s): 119,467
Signature ↑Top of Form N-SAR
/s/ Sam Singh
Name: Sam Singh
Title: Avp Fund Admin

↑Top

Filing Submission 0000910472-14-004804 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Northern Lights Fund Trust II – ‘NSAR-A/A’ for 8/31/14

On: Thursday, 10/30/14, at 2:56pm ET · Effective: 10/30/14 · For: 8/31/14 · Accession #: 910472-14-4804 · File #: 811-22549

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

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