Liquidation: Northern Lights Variable Trust

Form Type: N-CSR

Filing Date: 2025-03-11

Corporate Action: Liquidation

Type: Update

Accession Number: 000158064225001662

Filing Summary: The document is a certified shareholder report for the Northern Lights Variable Trust, specifically for the BTS Tactical Fixed Income VIT Fund, covering the fiscal year ended December 31, 2024. It outlines the fund’s performance, costs, and significant changes during the reporting period. The fund returned 4.56% for Class 1 Shares and 4.81% for Class 2 Shares, outperforming the Bloomberg U.S. Aggregate Bond Index which returned 1.25%. Key investment metrics include a net asset total of $4,770,672 and a portfolio turnover rate of 58%. Critical changes include a Board decision to close the fund and redeem all remaining outstanding shares effective April 1, 2025, marking a significant strategic shift. The summary evaluates fund performance amidst fluctuating treasury yields and highlights tactical high-yield positioning in light of anticipated Federal Reserve actions on interest rates. The document discusses financials, including total investment income of $430,583 and net expenses post-waivers of $179,412. It concludes with statistics on shareholder activity and net asset value per share.

Form Type: 497

Filing Date: 2024-12-19

Corporate Action: Liquidation

Type: New

Accession Number: 000158064224007695

Filing Summary: The Board of Trustees of Northern Lights Variable Trust has determined that it is in the best interests of the Portfolio and its shareholders for the BTS Tactical Fixed Income VIT Fund to cease operations. The Portfolio will close and redeem all outstanding shares by April 1, 2025. Until that date, the Portfolio will attempt to pursue its investment objective but may liquidate assets earlier and invest in cash equivalents. Capital gains will be distributed to shareholders as soon as practicable. Shareholders can transfer their shares before the closure date without federal income tax consequences, otherwise their shares will be automatically redeemed.