NSMYX — North Star Micro Cap Fund
Data updated: 2026-07-28
NSMYX — North Star Micro Cap Fund. United States Small Cap Value Equity · $184.13M AUM · 1.64% expense ratio. Holdings, fees, performance and SEC filings.
NSMYX Fund Overview
NSMYX — North Star Micro Cap 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: $184.13M
- Ticker: NSMYX
- SEC CIK: 0001518042
- SEC series ID: S000040440
- Share class ID: C000125618
NSMYX Investment Objective and Strategy
North Star Micro Cap 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 investment objective of the North Star Micro Cap Fund (the ?Micro Cap Fund?) is capital appreciation and
Principal investment strategy
Under normal market conditions, the Micro Cap Fund seeks to achieve its investment objective of capital appreciation by investing at least 80% of the Micro Cap Fund?s net assets in micro-cap companies. For purposes of this investment strategy, the Micro Cap Fund considers micro-cap companies as companies with market capitalizations under $500 million at the time of purchase. The Micro Cap Fund generally invests between 80-100% of the Micro Cap Fund?s assets in equity securities of U.S. companies that the Adviser believes are currently undervalued and have the potential for capital appreciation. The equity securities bought by the Micro Cap Fund will typically be purchased at a low price relative to book value. The Micro Cap Fund invests primarily in common stocks. A stock price is undervalued, or is a ?value,?
when it trades at less than the price at which the Adviser believes it would trade if the market reflected all factors relating to the company?s worth.
NSMYX Holdings
Top 10 holdings of North Star Micro Cap Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Lincoln Educational Services Corp. | 2.77% |
| Lindblad Expeditions Holdings, Inc. | 2.42% |
| Green Brick Partners, Inc. | 2.41% |
| Blue Bird Corp. | 2.25% |
| Q.e.p. Co., Inc. | 2.21% |
| Escalade, Inc. | 2.18% |
| Barrett Business Services, Inc. | 2.12% |
| Liquidity Services, Inc. | 2.10% |
| Postal Realty Trust, Inc. | 2.04% |
| United States Lime & Minerals, Inc. | 1.95% |
NSMYX Portfolio Allocation
Asset-class allocation of North Star Micro Cap Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.2% |
| Cash & Equivalents | 1.9% |
NSMYX Performance
Total returns for NSMYX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 11.3% |
| 1 year | 19.5% |
| 3 years (annualised) | 14.6% |
| 5 years (annualised) | 1.1% |
NSMYX Risk Information
Risk metrics for NSMYX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 15.3%
NSMYX Costs and Fees
NSMYX costs about $164 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.64%
- Gross expense ratio: 1.64%
- Portfolio turnover: 24%
- Brokerage commissions: 7.52 bps of average net assets (SEC N-CEN)
NSMYX Cashflows
Over the 12 months to 2026-05, North Star Micro Cap Fund had net inflows of $31.26M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | −$1.56M |
| 2026-04 | −$1.03M |
| 2026-03 | −$1.03M |
| 2026-02 | $34.81M |
| 2026-01 | −$113.23K |
| 2025-12 | $2.84M |
NSMYX Debt Constituents
No individual debt constituents are reported in North Star Micro Cap Fund's latest SEC N-PORT filing.
NSMYX Prospectus and SEC Filings
Official North Star Micro Cap 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.