FormulaFolios US Equity Portfolio

C000162254 Fund Overview

FormulaFolios US Equity Portfolio is a US mutual fund managed by Northern Lights Fund Trust II, categorised as United States 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: United States Blend / Core Equity
• Assets under management: $137.33K
• SEC CIK: 0001518042
• SEC series ID: S000051563
• Share class ID: C000162254

C000162254 Investment Objective and Strategy

FormulaFolios US Equity Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Northern Lights Fund Trust II.

Investment objective

The FormulaFolios US Equity Portfolio (the Portfolio) seeks to achieve long-term capital appreciation.

Principal investment strategy

Under normal market conditions, the Portfolio pursues its objective by investing at least 80% of its net assets (including any borrowings for investment purposes) in equity securities of companies based in the United States. The Adviser considers issuers to be located in the U.S. if they are organized in the U.S., have their principal place of business in the U.S., or their securities are traded principally in the U.S. The Portfolio invests primarily in equity securities (generally common and preferred stocks) of large U.S. companies. The Adviser uses a proprietary quantitative three factor model designed to select up to 50 stocks from the Russell 3000 Index. The Russell 3000 Index measures the performance of the 3,000 largest publicly traded U.S. companies based on total market capitalization.

While the Adviser is mindful of sector and industry weightings, the Portfolio does not have targeted industry exposures. The Portfolio will typically hold 40-50 individual US equities and the target market capitalization per holding is $5 billion or greater. While the Portfolio primarily invests its assets in the securities of large capitalization companies, the Portfolio may also invest in equity securities of small and mid-cap companies.

C000162254 Costs and Fees

C000162254 costs about $215 per $10,000 invested per year in fund expenses.

• Net expense ratio: 2.15%
• Gross expense ratio: 60.75%
• Portfolio turnover: 542%
• Brokerage commissions: 8.72 bps of average net assets (SEC N-CEN)

C000162254 Cashflows

Over the 12 months to 2020-03, FormulaFolios US Equity Portfolio had net inflows of $34.10K, from monthly SEC N-PORT filings.

C000162254 Debt Constituents

No individual debt constituents are reported in FormulaFolios US Equity Portfolio's latest SEC N-PORT filing.

C000162254 Prospectus and SEC Filings

Official FormulaFolios US Equity Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2020-05-15
• Prospectus (485BPOS) — filed 2019-05-21
• Prospectus (485BPOS) — filed 2018-05-01
• Portfolio holdings (N-PORT) — filed 2020-05-26
• Annual census (N-CEN) — filed 2020-03-16
• Annual census (N-CEN) — filed 2019-03-18

Related Funds

Other United States Blend / Core Equity funds tracked on ABC INVEST:

• International Small Company Portfolio (DFISX)
• iShares Preferred and Income Securities ETF (PFF)
• Guggenheim Macro Opportunities Fund (GIOAX)
• Emerging Markets Portfolio (DFEMX)
• Eaton Vance Global Macro Absolute Return Advantage Fund (EGRAX)

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.