NSOIX Fees and Costs — North Star Opportunity Fund, Class I
Data updated: 2026-07-28
The net expense ratio is 1.31%: a 0.98% management fee plus 0.39% other expenses, less a 0.07% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2025 the fund paid $25K in broker commissions, 0.0192% of average net assets, and portfolio turnover was 25%.
NSOIX Fees and Expenses
Annual operating expenses and sales charges of NSOIX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.98% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.39% |
| Gross expense ratio | 1.38% |
| Fee waiver | −0.07% |
| Net expense ratio | 1.31% |
| 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 | Yes |
| Waived fees subject to recoupment | Yes |
NSOIX Costs Over Time
On $10,000 invested in NSOIX, assuming 5% a year before costs, total costs come to $826 over 5 years, cutting the return by 1.40% 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 1.31%) | $138 | $428 | $739 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $22 | $76 |
| Total costs | $140 | $456 | $826 |
| Value after costs | $10,360 | $11,121 | $11,937 |
| Impact on return, per year | 1.40% | 1.40% | 1.40% |
NSOIX 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): 0.0192%
- Total broker commissions: $25K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 25%
- Securities lending: none during the year
NSOIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| NewEdge | $17K | 67.93% |
| ALLIANCE GLOBAL PARTNERS | $5K | 19.88% |
| JEFFERIES GROUP | $3K | 12.09% |
| MID ATLANTIC CAPITAL GROUP | $26 | 0.10% |
North Star Opportunity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| NSOIX | Class I | 1.31% | none |
| NSIRX | C000158527 | 1.56% | none |
| NSOPX | Class A | 1.56% | 5.75% |
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.