NSMVX Fees and Costs — North Star Micro Cap Fund, Class I
Data updated: 2026-07-28
The net expense ratio is 1.39%: a 0.99% management fee plus 0.39% other expenses. This share class carries a redemption fee of 2.00%. In fiscal 2025 the fund paid $84K in broker commissions, 0.0752% of average net assets, and portfolio turnover was 24%.
NSMVX Fees and Expenses
Annual operating expenses and sales charges of NSMVX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.99% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.39% |
| Gross expense ratio | 1.39% |
| Fee waiver | — |
| Net expense ratio | 1.39% |
| 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 |
NSMVX Costs Over Time
On $10,000 invested in NSMVX, assuming 5% a year before costs, total costs come to $908 over 5 years, cutting the return by 1.54% 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 1.39%) | $146 | $453 | $782 |
| Trading costs (broker commissions) | $8 | $25 | $42 |
| Lost growth on money paid in costs | $0 | $24 | $84 |
| Total costs | $154 | $501 | $908 |
| Value after costs | $10,346 | $11,075 | $11,855 |
| Impact on return, per year | 1.54% | 1.54% | 1.54% |
NSMVX 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): 0.0752%
- Total broker commissions: $84K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 24%
- Securities lending: none during the year
NSMVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| NewEdge | $35K | 41.20% |
| CRAIG-HALLUM CAPITAL GROUP | $26K | 30.77% |
| ROTH CAPITAL PARTNERS | $10K | 11.62% |
| JONES TRADING | $7K | 8.67% |
| RAYMOND JAMES | $6K | 7.74% |
North Star Micro Cap Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| NSMVX | Class I | 1.39% | none |
| NSMYX | C000125618 | 1.64% | 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.