FFILX — FormulaFolios US Equity Fund
Data updated: 2022-10-28
FFILX — FormulaFolios US Equity Fund. United States Blend / Core Equity · $75.91M AUM · 1.13% expense ratio. Holdings, fees, performance and SEC filings.
FFILX Fund Overview
FFILX — FormulaFolios US Equity Fund 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: $75.91M
- 1-year return: -12.6%
- Ticker: FFILX
- SEC CIK: 0001518042
- SEC series ID: S000051564
- Share class ID: C000162255
FFILX Investment Objective and Strategy
FormulaFolios US Equity 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 FormulaFolios US Equity Fund (the Fund) seeks to achieve long-term capital appreciation.
Principal investment strategy
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 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 Fund 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 Fund does not have targeted industry exposures.
The Fund will typically hold 40-50 individual US equities and the target market capitalization per holding is $5 billion or greater. While the Fund primarily invests its assets in the securities of large capitalization companies, the Fund may also invest in equity securities of small and mid-cap companies.
FFILX Performance
Total returns for FFILX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -12.6% |
| 3 years (annualised) | 3.0% |
FFILX Risk Information
Risk metrics for FFILX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 17.0%
FFILX Costs and Fees
FFILX costs about $113 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.13%
- Gross expense ratio: 1.26%
- Portfolio turnover: 338%
- Brokerage commissions: 5.62 bps of average net assets (SEC N-CEN)
FFILX Cashflows
Over the 12 months to 2022-08, FormulaFolios US Equity Fund had net inflows of $93.04M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-08 | $2.24M |
| 2022-07 | $3.08M |
| 2022-06 | $5.28M |
| 2022-05 | $8.51M |
| 2022-04 | $4.45M |
| 2022-03 | $6.64M |
FFILX Debt Constituents
No individual debt constituents are reported in FormulaFolios US Equity Fund's latest SEC N-PORT filing.
FFILX Prospectus and SEC Filings
Official FormulaFolios US Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-04-08
- Prospectus supplement (497) — filed 2022-04-05
- Prospectus supplement (497) — filed 2021-04-12
- Portfolio holdings (N-PORT) — filed 2022-10-28
- Portfolio holdings (N-PORT) — filed 2022-07-28
- Portfolio holdings (N-PORT) — filed 2022-04-28
- Annual census (N-CEN) — filed 2022-02-11
- Annual census (N-CEN) — filed 2021-02-12
Related Funds
Other United States 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.