M Capital Appreciation Fund
Data updated: 2026-08-31
C000272816 — M Capital Appreciation Fund. 0.95% expense ratio · since 2026 · United States Mid Cap Growth Equity. Holdings, fees, performance and SEC filings.
C000272816 Fund Overview
M Capital Appreciation Fund is a US mutual fund managed by Northern Lights Fund Trust II, categorised as United States Mid Cap Growth 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 Mid Cap Growth Equity
- Assets under management: $315.65M
- SEC CIK: 0001518042
- SEC series ID: S000102347
- Share class ID: C000272816
C000272816 Investment Objective and Strategy
M Capital Appreciation 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 Fund seeks long-term capital appreciation.
Principal investment strategy
The Fund principally invests in common stock of U.S. companies of all sizes, with emphasis on stocks of companies with capitalizations that are consistent with the capitalizations of those companies found in the Russell 2500 ® Index. As of March 31, 2025, the market capitalization range of companies in the Russell 2500 ® Index was between approximately $567.8 million and $31.4 billion. The Fund may invest up to 15% of the value of its total assets in equity securities of foreign issuers. The Fund’s sub-adviser, Frontier Capital Management Company, LLC (“Frontier”) seeks long-term capital appreciation by employing a Growth-At-A-Reasonable-Price approach to identify, in its view, the best risk/reward investment ideas in the U.S. small- and mid-capitalization equity universe. Frontier purchases companies that, in its view, have above-average earnings growth potential and are available at reasonable valuations.
Frontier’s philosophy combines rigorous bottom-up fundamental analysis with a proven investment process. Frontier may sell stocks for a number of reasons, including when price objectives are reached, fundamental conditions have changed so that future earnings progress is likely to be adversely affected, or a stock is fully invested and an attractive, new opportunity causes the sale of a current holding with less appreciation potential. Frontier does not sell stocks solely on changes to a company’s market capitalization.
C000272816 Holdings
Top 10 holdings of M Capital Appreciation Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Ftai Aviation Ltd. | 3.03% |
| Flex Ltd. | 2.21% |
| Carpenter Technology Corp. | 2.17% |
| Jabil, Inc. | 1.83% |
| Xpo, Inc. | 1.82% |
| Granite Construction, Inc. | 1.73% |
| Ati, Inc. | 1.57% |
| Lattice Semiconductor Corp. | 1.51% |
| Astera Labs, Inc. | 1.45% |
| Knight-Swift Transportation Holdings, Inc. | 1.37% |
C000272816 Portfolio Allocation
Asset-class allocation of M Capital Appreciation Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.1% |
C000272816 Performance
Total returns for C000272816 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 21.50% |
C000272816 Costs and Fees
C000272816 costs about $95 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.95%
- Gross expense ratio: 0.95%
- Portfolio turnover: 46%
C000272816 Cashflows
Over the 12 months to 2026-06, M Capital Appreciation Fund had net inflows of $197.55M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $2.02M |
| 2026-05 | −$7.52K |
| 2026-04 | $195.54M |
C000272816 Debt Constituents
No individual debt constituents are reported in M Capital Appreciation Fund's latest SEC N-PORT filing.
C000272816 Prospectus and SEC Filings
Official M Capital Appreciation Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other United States Mid Cap Growth 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.