Navigator Tactical Fixed Income Fund

Fund Profile

Fund profile

Tickers

NTBAX, NTBCX, NTBIX

Fund manager

Northern Lights Fund Trust

Total assets

$7.80 bn

Liabilities

$129.53 mm

Net assets

$7.67 bn

Number of holdings

132.00

132 Holdings

As of Oct 2024

Security	$Holding	Balance	% of Fund	Category	Position	Country
BlackRock Fund Advisors	1.07 bn	13.51 mm shares	13.94	Common equity	Long	USA
DREY-T O C/M-INS	773.66 mm	773.66 mm principal	10.09	Short-term investment vehicle	Long	USA
TF Float 07/31/25	469.78 mm	470.00 mm principal	6.13	Debt	Long	USA
T 4 1/8 10/31/29	449.42 mm	450.00 mm principal	5.86	Debt	Long	USA
B 11/07/24	249.81 mm	250.00 mm principal	3.26	Debt	Long	USA
B 11/14/24	249.58 mm	250.00 mm principal	3.25	Debt	Long	USA
B 11/29/24	249.11 mm	250.00 mm principal	3.25	Debt	Long	USA
B 12/05/24	248.92 mm	250.00 mm principal	3.25	Debt	Long	USA
T 3 1/2 09/30/29	242.79 mm	250.00 mm principal	3.17	Debt	Long	USA
California State Teachers Retirement System	184.22 mm	1.91 mm shares	2.40	Common equity	Long	USA
CDX.NA.HY SERIES 43 12/29	116.05 mm	-1.67 bn principal	1.51	Credit derivative	Long	N/A
B 12/26/24	99.30 mm	100.00 mm principal	1.29	Debt	Long	USA
BAC 1.53 12/06/25	87.21 mm	87.54 mm principal	1.14	Debt	Long	USA
CDXHY42 06/29	86.40 mm	-1.17 bn principal	1.13	Credit derivative	Long	N/A
B 11/21/24	79.45 mm	79.65 mm principal	1.04	Debt	Long	USA
HCA 5 3/8 02/01/25	79.33 mm	79.32 mm principal	1.03	Debt	Long	USA
BlackRock, Inc.	74.26 mm	2.00 mm shares	0.97	Common equity	Long	USA
WFC 2.164 02/11/26	70.21 mm	70.81 mm principal	0.92	Debt	Long	USA
NAV-US ALL-I	67.15 mm	5.85 mm shares	0.88	Common equity	Long	USA
CVS CVS Health Corporation	66.38 mm	66.91 mm principal	0.87	Debt	Long	USA
OXY Occidental Petroleum Corporation	65.50 mm	65.22 mm principal	0.85	Debt	Long	USA
JPM 1.561 12/10/25	64.34 mm	64.61 mm principal	0.84	Debt	Long	USA
RPRX 1.2 09/02/25	63.56 mm	65.53 mm principal	0.83	Debt	Long	UK
HNDA Float 08/14/25	57.64 mm	57.50 mm principal	0.75	Debt	Long	USA
C Float 04/30/26	56.09 mm	56.00 mm principal	0.73	Debt	Long	USA
TOYOTA Float 05/15/26	55.52 mm	55.50 mm principal	0.72	Debt	Long	USA
NAV-U/S BND-I	55.48 mm	5.50 mm shares	0.72	Common equity	Long	USA
ET+E Energy Transfer Operating, L.P.	55.25 mm	55.88 mm principal	0.72	Debt	Long	USA
MPLX MPLX LP	54.39 mm	54.41 mm principal	0.71	Debt	Long	USA
O Realty Income Corporation	53.67 mm	53.71 mm principal	0.70	Debt	Long	USA
Williams Partners LP	53.60 mm	54.01 mm principal	0.70	Debt	Long	USA
MS 2.63 02/18/26	53.55 mm	53.96 mm principal	0.70	Debt	Long	USA
PAA 3.6 11/01/24	51.11 mm	51.11 mm principal	0.67	Debt	Long	USA
TD 3.766 06/06/25	51.03 mm	51.33 mm principal	0.67	Debt	Long	Canada
BAC 3.384 04/02/26	50.98 mm	51.34 mm principal	0.66	Debt	Long	USA
RAI Reynolds American Inc	50.18 mm	50.35 mm principal	0.65	Debt	Long	USA
TD Float 10/10/25	50.07 mm	50.00 mm principal	0.65	Debt	Long	Canada
F 4.063 11/01/24	48.86 mm	48.86 mm principal	0.64	Debt	Long	USA
DE Float 03/06/26	48.06 mm	48.00 mm principal	0.63	Debt	Long	USA
EQIX Equinix, Inc.	45.93 mm	45.99 mm principal	0.60	Debt	Long	USA
ORCL Oracle Corporation	45.74 mm	46.20 mm principal	0.60	Debt	Long	USA
KMI Kinder Morgan, Inc.	45.51 mm	45.68 mm principal	0.59	Debt	Long	USA
VW Float 03/20/26	43.06 mm	43.00 mm principal	0.56	Debt	Long	USA
CAT Float 10/16/26	42.27 mm	42.00 mm principal	0.55	Debt	Long	USA
HNDA Float 10/10/25	41.92 mm	41.87 mm principal	0.55	Debt	Long	USA
TD 1.15 06/12/25	41.52 mm	42.45 mm principal	0.54	Debt	Long	Canada
TMUS 3 1/2 04/15/25	41.12 mm	41.39 mm principal	0.54	Debt	Long	USA
F Float 11/05/26	39.06 mm	39.00 mm principal	0.51	Debt	Long	USA
HAS Hasbro, Inc.	38.82 mm	38.87 mm principal	0.51	Debt	Long	USA
DUK Duke Energy Corporation	38.79 mm	40.12 mm principal	0.51	Debt	Long	USA
MPC Marathon Petroleum Corporation	38.77 mm	38.82 mm principal	0.51	Debt	Long	USA
RABOBK Float 08/28/26	38.07 mm	38.00 mm principal	0.50	Debt	Long	Netherlands
AMCR 4 05/17/25	37.02 mm	37.22 mm principal	0.48	Debt	Long	USA
CAH Cardinal Health, Inc.	35.70 mm	35.72 mm principal	0.47	Debt	Long	USA
AMGN Amgen Inc.	33.26 mm	33.22 mm principal	0.43	Debt	Long	USA
NXPI 2.7 05/01/25	32.66 mm	33.04 mm principal	0.43	Debt	Long	Netherlands
MS Float 07/16/25	32.11 mm	32.00 mm principal	0.42	Debt	Long	USA
BAC 3.366 01/23/26	32.10 mm	32.25 mm principal	0.42	Debt	Long	USA
CP 1.35 12/02/24	31.44 mm	31.54 mm principal	0.41	Debt	Long	Canada
C Float 08/06/26	30.10 mm	30.00 mm principal	0.39	Debt	Long	USA
TOYOTA Float 04/10/26	30.02 mm	30.00 mm principal	0.39	Debt	Long	USA
ORCL Oracle Corporation	29.97 mm	30.00 mm principal	0.39	Debt	Long	USA
Williams Partners LP	29.45 mm	29.52 mm principal	0.38	Debt	Long	USA
CAT Float 02/27/26	28.02 mm	28.00 mm principal	0.37	Debt	Long	USA
Jefferies Group Inc	28.00 mm	28.00 mm principal	0.37	Debt	Long	USA
LH 3.6 02/01/25	27.29 mm	27.40 mm principal	0.36	Debt	Long	USA
HNDA Float 01/12/26	25.00 mm	25.00 mm principal	0.33	Debt	Long	USA
BK 4.414 07/24/26	24.75 mm	24.85 mm principal	0.32	Debt	Long	USA
VW FLOAT 08/14/26	23.80 mm	23.69 mm principal	0.31	Debt	Long	USA
LH 2.3 12/01/24	23.78 mm	23.84 mm principal	0.31	Debt	Long	USA
SO Float 05/08/25	23.07 mm	23.00 mm principal	0.30	Debt	Long	USA
TOYOTA Float 06/09/25	21.05 mm	21.00 mm principal	0.27	Debt	Long	USA
BAC 2.015 02/13/26	20.08 mm	20.27 mm principal	0.26	Debt	Long	USA
NYLIFE FLOAT 08/28/26	20.02 mm	20.00 mm principal	0.26	Debt	Long	USA
MBGGR Float 07/31/26	20.02 mm	20.00 mm principal	0.26	Debt	Long	USA
TT 3.55 11/01/24	19.49 mm	19.49 mm principal	0.25	Debt	Long	Luxembourg
PEP PepsiCo, Inc.	19.00 mm	19.00 mm principal	0.25	Debt	Long	USA
GS 5.798 08/10/26	18.65 mm	18.53 mm principal	0.24	Debt	Long	USA
FCX Freeport-McMoRan Inc.	18.09 mm	18.07 mm principal	0.24	Debt	Long	USA
F 5 1/8 06/16/25	18.05 mm	18.10 mm principal	0.24	Debt	Long	USA
JPM 2.083 04/22/26	17.99 mm	18.25 mm principal	0.23	Debt	Long	USA
JPM Float 02/24/26	17.07 mm	17.04 mm principal	0.22	Debt	Long	USA
HNDA Float 04/23/25	16.54 mm	16.50 mm principal	0.22	Debt	Long	USA
MO Altria Group, Inc.	16.13 mm	16.35 mm principal	0.21	Debt	Long	USA
JPM 4.08 04/26/26	16.02 mm	16.10 mm principal	0.21	Debt	Long	USA
HRB 5 1/4 10/01/25	15.91 mm	15.87 mm principal	0.21	Debt	Long	USA
CDXHY41 12/28	15.61 mm	-209.88 mm principal	0.20	Credit derivative	Long	N/A
ZBH Zimmer Biomet Holdings, Inc.	15.14 mm	15.18 mm principal	0.20	Debt	Long	USA
GWCN 9 1/2 11/01/27	15.02 mm	15.00 mm principal	0.20	Debt	Long	Canada
BMW FLOAT 08/13/26	14.78 mm	14.70 mm principal	0.19	Debt	Long	USA
BK Float 03/13/26	14.01 mm	14.00 mm principal	0.18	Debt	Long	USA
BIIB Biogen Inc.	13.97 mm	14.07 mm principal	0.18	Debt	Long	USA
WFC 2.188 04/30/26	13.05 mm	13.24 mm principal	0.17	Debt	Long	USA
DHI D.R. Horton, Inc.	13.03 mm	13.28 mm principal	0.17	Debt	Long	USA
JPM FLOAT 12/10/25	12.83 mm	12.83 mm principal	0.17	Debt	Long	USA
EFX Equifax Inc.	12.11 mm	12.14 mm principal	0.16	Debt	Long	USA
IFF International Flavors & Fragrances Inc.	11.66 mm	12.05 mm principal	0.15	Debt	Long	USA
WFC 3.908 04/25/26	11.64 mm	11.70 mm principal	0.15	Debt	Long	USA
LEN Lennar Corporation	11.56 mm	11.58 mm principal	0.15	Debt	Long	USA
GPC Genuine Parts Company	11.48 mm	11.58 mm principal	0.15	Debt	Long	USA
JPM Float 04/26/26	11.47 mm	11.42 mm principal	0.15	Debt	Long	USA
C Citigroup Inc.	11.47 mm	11.57 mm principal	0.15	Debt	Long	USA
CDXHY42 06/29	10.90 mm	-148.10 mm principal	0.14	Credit derivative	Long	N/A
HUM Humana Inc.	10.79 mm	10.81 mm principal	0.14	Debt	Long	USA
MCD 3 3/8 05/26/25	9.85 mm	9.93 mm principal	0.13	Debt	Long	USA
HNDA 5 05/23/25	9.81 mm	9.80 mm principal	0.13	Debt	Long	USA
C Citigroup Inc.	9.09 mm	9.16 mm principal	0.12	Debt	Long	USA
NFG National Fuel Gas Company	8.99 mm	9.00 mm principal	0.12	Debt	Long	USA
Enbridge Energy Partners LP	8.45 mm	8.39 mm principal	0.11	Debt	Long	USA
FBIN Fortune Brands Innovations, Inc.	7.95 mm	8.00 mm principal	0.10	Debt	Long	USA
AZO AutoZone, Inc.	7.95 mm	8.00 mm principal	0.10	Debt	Long	USA
HPQ HP Inc.	7.86 mm	8.00 mm principal	0.10	Debt	Long	USA
INTC Intel Corporation	7.82 mm	7.87 mm principal	0.10	Debt	Long	USA
ETR Entergy Corporation	7.73 mm	8.00 mm principal	0.10	Debt	Long	USA
VMW Vmware, Inc.	7.19 mm	7.21 mm principal	0.09	Debt	Long	USA
STLD Steel Dynamics, Inc.	5.52 mm	5.54 mm principal	0.07	Debt	Long	USA
UBER Uber Technologies, Inc.	5.00 mm	5.00 mm principal	0.07	Debt	Long	USA
VRSN VeriSign, Inc.	5.00 mm	5.00 mm principal	0.07	Debt	Long	USA
NTAP NetApp, Inc.	5.00 mm	5.09 mm principal	0.07	Debt	Long	USA
RRC Range Resources Corporation	4.99 mm	5.00 mm principal	0.07	Debt	Long	USA
DGX Quest Diagnostics Incorporated	3.98 mm	4.00 mm principal	0.05	Debt	Long	USA
CDXHY43 Swaption P107	3.10 mm	500.00 mm principal	0.04	Credit derivative	Long	USA
CDXHY41MS	3.02 mm	-40.59 mm principal	0.04	Credit derivative	Long	N/A
CDXHY43 Swaption	1.98 mm	500.00 mm principal	0.03	Credit derivative	Long	USA
S&P500 EMINI FUT Dec24	1.58 mm	723.00 contracts	0.02	Equity derivative	Long	USA
CEQUEL 7 1/2 04/01/28	786.00 k	1.20 mm principal	0.01	Debt	Long	USA
FINANCIAL SQUARE GOV CL FST MMF	0	0.00 shares	0.00	Short-term investment vehicle	Long	USA
ISHARESIBOXX HYCORP	-405.00 k	1.50 mm shares	-0.01	DO	Long	USA
CDXHY43 Swaption	-419.00 k	-500.00 mm principal	-0.01	Credit derivative	Short	USA
CDXHY43 Swaption P104	-491.50 k	-500.00 mm principal	-0.01	Credit derivative	Short	USA
ISHARESIBOXX HYCORP	-690.00 k	3.00 mm shares	-0.01	DO	Long	USA
US 5YR NOTE (CBT) Dec24	-39.73 mm	15.88 k contracts	-0.52	Interest rate derivative	Long	USA