NSDRX Fees and Costs — North Star Dividend Fund
Data updated: 2026-07-28
The net expense ratio is 1.69%: a 1.00% management fee, a 0.25% 12b-1 fee plus 0.43% other expenses. This share class carries a redemption fee of 2.00%. In fiscal 2025 the fund paid $17K in broker commissions, 0.0198% of average net assets, and portfolio turnover was 14%.
NSDRX Fees and Expenses
Annual operating expenses and sales charges of NSDRX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.43% |
| Gross expense ratio | 1.69% |
| Fee waiver | — |
| Net expense ratio | 1.69% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
NSDRX Costs Over Time
On $10,000 invested in NSDRX, assuming 5% a year before costs, total costs come to $1,054 over 5 years, cutting the return by 1.80% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.69%) | $177 | $550 | $946 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $28 | $97 |
| Total costs | $180 | $584 | $1,054 |
| Value after costs | $10,320 | $10,993 | $11,708 |
| Impact on return, per year | 1.80% | 1.80% | 1.80% |
NSDRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0198%
- Total broker commissions: $17K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 14%
- Securities lending: none during the year
NSDRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| NewEdge | $13K | 78.27% |
| ROTH CAPITAL PARTNERS | $2K | 11.83% |
| JPMORGAN CHASE | $1K | 6.15% |
| RAYMOND JAMES | $641 | 3.75% |
North Star Dividend Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| NSDVX | Class I | 1.44% | none |
| NSDRX | C000125621 | 1.69% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.