BESRX — Balter European L/S Small Cap Fund
Data updated: 2021-03-31
BESRX — Balter European L/S Small Cap Fund. Europe Small Cap Blend / Core Equity · $756.74K AUM. Holdings, fees, performance and SEC filings.
BESRX Fund Overview
BESRX — Balter European L/S Small Cap Fund is a US mutual fund managed by Northern Lights Fund Trust II, categorised as Europe Small Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Northern Lights Fund Trust II
- Category: Europe Small Cap Blend / Core Equity
- Assets under management: $756.74K
- 1-year return: -14.8%
- Ticker: BESRX
- SEC CIK: 0001518042
- SEC series ID: S000051727
- Share class ID: C000162794
BESRX Investment Objective and Strategy
Balter European L/S Small Cap Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Northern Lights Fund Trust II.
Investment objective
The investment objective of the Balter European L/S Small Cap Fund (the Fund) is to seek to generate absolute returns by investing both long and short in European companies.
Principal investment strategy
The Funds objective is to generate absolute returns primarily by investing both long and short in small-cap European equities. Under normal market conditions, the Fund pursues its objective by investing at least 80% of its net assets (including any borrowings for investment purposes) in equity securities of small-cap companies based in Europe. The Adviser considers issuers to be located in Europe if they are organized in Europe, have their principal place of business in the Europe, or their securities are traded principally in Europe. The Adviser currently defines small capitalization companies as those that at time of purchase have capitalizations below $5.5 billion. The Funds portfolio generally has between 30 and 80 equity positions in the Funds long/short portfolio. The Fund may invest in listed and unlisted European equity securities, debt securities, options, warrants, convertibles and other derivative instruments.
Derivative instruments may be exchanged traded or over-the-counter and will primarily be used for hedging and to manage short term volatility. The Fund may also retain amounts in cash or cash equivalents, pending investment, if this is considered appropriate to the investment objective. The Fund is likely to have short positions at all times. The Fund may have a net long equity exposure of up to 150% of net asset value or a net short equity exposures of up to 50% of net asset value. The Fund also seeks to employ various hedging techniques with the aim of managing short term volatility. The Funds sub-adviser, S.W. Mitchell Capital LLP (the Sub-Adviser), believes that European stock markets are inefficient and that substantial value can be created by employing fundamentally driven company research.
The Sub-Adviser visits potential investee companies extensively and the Fund will invest in what the Sub-Adviser believes to be the best quality growth companies where management has embraced the philosophy of maximizing shareholder value. The Fund also seeks opportunities amongst those companies which are restructuring their operations in order to realize shareholder value. The Fund aims to create value by selling short shares of companies where the Sub-Adviser believes the business outlook is deteriorating and valuations does not reflect the value perceived by the Sub-Adviser.
BESRX Performance
Total returns for BESRX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -14.8% |
BESRX Risk Information
Risk metrics for BESRX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 33.1%
BESRX Costs and Fees
BESRX costs about $365 per $10,000 invested per year in fund expenses.
- Net expense ratio: 3.65%
- Gross expense ratio: 4.15%
- Portfolio turnover: 141%
- Brokerage commissions: 176.04 bps of average net assets (SEC N-CEN)
BESRX Cashflows
Over the 12 months to 2021-01, Balter European L/S Small Cap Fund had net inflows of $15.18M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-01 | $6.80M |
| 2020-12 | $154.44K |
| 2020-11 | $317.14K |
| 2020-10 | $293.27K |
| 2020-09 | $329.60K |
| 2020-08 | $596.09K |
BESRX Debt Constituents
No individual debt constituents are reported in Balter European L/S Small Cap Fund's latest SEC N-PORT filing.
BESRX Prospectus and SEC Filings
Official Balter European L/S Small Cap Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-03-04
- Prospectus (485BPOS) — filed 2019-03-06
- Prospectus (485BPOS) — filed 2018-03-01
- Portfolio holdings (N-PORT) — filed 2021-03-31
- Portfolio holdings (N-PORT) — filed 2020-12-23
- Portfolio holdings (N-PORT) — filed 2020-09-28
- Annual census (N-CEN) — filed 2021-01-13
- Annual census (N-CEN) — filed 2020-01-14
Related Funds
Other Europe Small Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.