NSDRX — North Star Dividend Fund
Data updated: 2026-07-28
NSDRX — North Star Dividend Fund. United States Small Cap Value Equity · $97.57M AUM · 1.69% expense ratio. Holdings, fees, performance and SEC filings.
NSDRX Fund Overview
NSDRX — North Star Dividend Fund is a US mutual fund managed by Northern Lights Fund Trust II, categorised as United States Small Cap Value 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 Small Cap Value Equity
- Assets under management: $97.57M
- Ticker: NSDRX
- SEC CIK: 0001518042
- SEC series ID: S000040441
- Share class ID: C000125621
NSDRX Investment Objective and Strategy
North Star Dividend 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 primary investment objective of the North Star Dividend Fund (the ?Dividend Fund?) is to generate dividend income
Principal investment strategy
Under normal market conditions, the Dividend Fund seeks to achieve its investment objective by investing at least 80% of the Dividend Fund?s net assets in a diversified portfolio of dividend paying securities. The Dividend Fund will invest in companies with market capitalizations under $1 billion. In general, the Dividend Fund intends to invest within a potentially wide range of net exposures of companies that pay dividends, meaning that normally it expects to invest approximately 80% to 100% of its net assets in net long positions in securities that the Adviser deems to be underpriced. Target position sizes will range from 0% to 5% of the Dividend Fund?s net assets. The Dividend Fund?s ?dividend? strategy consists, to a significant degree, of seeking companies with market capitalizations of less than $1 billion that pay dividends, have a history of paying dividends and increasing dividends, high free cash flow and attractive enterprise value relative to Earnings Before Interest Tax Depreciation and Amortization (?EBITDA?).
NSDRX Holdings
Top 10 holdings of North Star Dividend Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Postal Realty Trust, Inc. | 3.97% |
| First American Funds, Inc. | 3.92% |
| Oil-Dri Corp. Of America | 3.61% |
| Select Water Solutions, Inc. | 3.44% |
| Sprott, Inc. | 3.26% |
| Escalade, Inc. | 2.75% |
| Northwestern Energy Group, Inc. | 2.75% |
| Bar Harbor Bankshares, Inc. | 2.74% |
| Westwood Holdings Group, Inc. | 2.55% |
| Gatx Corp. | 2.43% |
NSDRX Portfolio Allocation
Asset-class allocation of North Star Dividend Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 95.9% |
| Cash & Equivalents | 3.9% |
NSDRX Performance
Total returns for NSDRX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 15.5% |
| 1 year | 21.9% |
| 3 years (annualised) | 12.1% |
| 5 years (annualised) | 3.4% |
NSDRX Risk Information
Risk metrics for NSDRX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 14.0%
NSDRX Costs and Fees
NSDRX costs about $169 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.69%
- Gross expense ratio: 1.69%
- Portfolio turnover: 14%
- Brokerage commissions: 1.98 bps of average net assets (SEC N-CEN)
NSDRX Cashflows
Over the 12 months to 2026-05, North Star Dividend Fund had net inflows of $697.21K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | $451.85K |
| 2026-04 | $68.47K |
| 2026-03 | $253.18K |
| 2026-02 | $905.35K |
| 2026-01 | −$232.50K |
| 2025-12 | $1.04M |
NSDRX Debt Constituents
No individual debt constituents are reported in North Star Dividend Fund's latest SEC N-PORT filing.
NSDRX Prospectus and SEC Filings
Official North Star Dividend Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-03-27
- Prospectus (485BPOS) — filed 2024-03-28
- Prospectus supplement (497) — filed 2025-04-04
- Portfolio holdings (N-PORT) — filed 2026-07-28
- Portfolio holdings (N-PORT) — filed 2026-04-27
- Portfolio holdings (N-PORT) — filed 2026-01-26
- Annual census (N-CEN) — filed 2026-02-09
- Annual census (N-CEN) — filed 2025-02-10
Related Funds
Other United States Small Cap Value 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.