NSDRX Performance — North Star Dividend Fund
Data updated: 2026-07-28
NSDRX returned +15.46% year to date and +21.91% over one year to May 2026. Annualised returns are +12.08% over 3 years and +3.41% over 5 years. The fund trailed its US Small Value category average: $100 invested three years ago grew to $141, against $156 for the category, and to $122 over one year, against $129. Volatility over the past three years was 14.95% a year. In the 12 months to May 2026 the fund took in a net $697K, and assets reached $97.57M. Returns are those of sibling share class NSDVX; this class's own returns are not reported in filings.
NSDRX Growth of $100
What $100 invested in North Star Dividend Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Value category average over the same months.
| Period | NSDRX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $122 | $129 |
| 3 years (Jun 2023 – May 2026) | $141 | $156 |
| 5 years (Jun 2021 – May 2026) | $118 | $140 |
| Since data start (Mar 2020 – May 2026) | $170 | $217 |
NSDRX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +15.46% |
| 1 year | +21.91% |
| 3 years (annualised) | +12.08% |
| 5 years (annualised) | +3.41% |
NSDRX Annual Returns
Calendar-year total returns of North Star Dividend Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +15.46% |
| 2025 | −1.29% |
| 2024 | +7.02% |
| 2023 | +8.04% |
| 2022 | −6.38% |
| 2021 | +16.20% |
| 2020 (Mar–Dec) | +18.76% |
NSDRX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +6.8% | +5.0% | −3.9% | +5.7% | +1.4% | — | — | — | — | — | — | — |
| 2025 | +0.5% | −0.8% | −2.9% | −3.0% | −0.4% | +2.5% | −0.7% | +7.4% | +0.3% | −5.7% | +1.8% | +0.2% |
| 2024 | −2.3% | +2.1% | +3.6% | −5.0% | +4.0% | −3.8% | +9.1% | −1.6% | +0.9% | −1.7% | +7.1% | −4.6% |
| 2023 | +6.7% | −0.7% | −6.2% | −2.8% | −3.1% | +6.2% | +5.2% | −2.3% | −4.6% | −3.6% | +5.8% | +8.7% |
| 2022 | −2.3% | +0.3% | +0.9% | −5.7% | +1.6% | −5.7% | +4.4% | −2.2% | −9.3% | +9.6% | +6.0% | −2.5% |
| 2021 | +5.3% | +5.1% | +4.2% | +1.9% | +3.2% | −1.6% | −2.2% | +1.1% | −2.8% | +2.3% | −3.9% | +3.1% |
| 2020 | — | — | −17.5% | +11.0% | −1.3% | +5.9% | −0.8% | +5.6% | −2.9% | +1.5% | +14.0% | +5.3% |
NSDRX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 14.95%
- 3-year Sharpe ratio: 0.51 (vs 4.5% risk-free rate)
- Best month: +9.14% (Jul 2024)
- Worst month: −5.67% (Oct 2025)
NSDRX Fund Flows
Monthly money in and out of North Star Dividend Fund, from SEC Form N-PORT.
- 12-month net flow: $697K
- 12-month gross sales (incl. reinvestments): $5.3M
- Sales ÷ redemptions: 1.15×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $557K | $105K | $452K |
| Apr 2026 | $390K | $321K | $68K |
| Mar 2026 | $407K | $154K | $253K |
| Feb 2026 | $995K | $90K | $905K |
| Jan 2026 | $159K | $391K | −$233K |
| Dec 2025 | $1.5M | $478K | $1.0M |
| Nov 2025 | $376K | $343K | $33K |
| Oct 2025 | $160K | $967K | −$807K |
| Sep 2025 | $212K | $873K | −$662K |
| Aug 2025 | $294K | $467K | −$173K |
| Jul 2025 | $78K | $181K | −$104K |
| Jun 2025 | $191K | $270K | −$78K |
NSDRX Assets Under Management
Net assets of North Star Dividend Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $97.57M |
| 2026-02-28 | $94.61M |
| 2025-11-30 | $83.48M |
| 2025-08-31 | $88.76M |
| 2025-05-31 | $82.07M |
| 2025-02-28 | $90.40M |
| 2024-11-30 | $96.06M |
| 2024-08-31 | $92.11M |
| 2024-05-31 | $91.62M |
| 2024-02-29 | $90.24M |
| 2023-11-30 | $82.49M |
| 2023-08-31 | $86.01M |
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.