OCSIX — Orchard Small Cap Value Fund

OCSIX Fund Overview

OCSIX — Orchard Small Cap Value 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: $4.10M
• Ticker: OCSIX
• SEC CIK: 0001518042
• SEC series ID: S000051230
• Share class ID: C000161498

OCSIX Investment Objective and Strategy

Orchard Small Cap Value 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 Orchard Small Cap Value Fund (the Fund) is to seek long-term capital appreciation.

Principal investment strategy

Under normal market conditions, the Fund pursues its objective by investing at least 80% of its net assets (including any borrowings for investment purposes) in equity securities of small capitalization companies based in the United States. The Adviser currently defines small capitalization companies as those that at time of purchase have capitalizations of up to $5 billion. The Funds portfolio typically has between 30 to 60 equity positions and cash positions of less than 10%. The Fund employs a research-driven, value style of investment within the Advisers discipline, which is anchored by establishing risk-adjusted returns on each potential investments intrinsic value. The Adviser will typically invest in a stock if its annualized expected return is greater than 20%. The Adviser will generally sell the stock when it reaches a market capitalization of $5 billion or if it reaches the Advisers intrinsic value estimate.

Exceptions to the Advisers United States company focus include companies with substantial operations in the United States that are domiciled outside the United States but that have meaningful business operations or markets in the United States and in instances where the Adviser can gather sufficient proprietary research or when the company reports to a U.S. regulator where the Adviser can gather sufficient information. The Fund primarily invests in common stocks, but could invest in American Depository Receipts (ADRs) or preferred stock, that the Adviser considers to be undervalued. The Funds Adviser uses a fundamental bottom-up approach to construct the Funds portfolio. While the Adviser is mindful of sector and industry weightings, the Fund does not have targeted industry exposures.

OCSIX Costs and Fees

OCSIX costs about $126 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.26%
• Gross expense ratio: 4.42%
• Portfolio turnover: 16%
• Brokerage commissions: 4.92 bps of average net assets (SEC N-CEN)

OCSIX Cashflows

Over the 12 months to 2020-08, Orchard Small Cap Value Fund had net inflows of $643.25K, from monthly SEC N-PORT filings.

OCSIX Debt Constituents

No individual debt constituents are reported in Orchard Small Cap Value Fund's latest SEC N-PORT filing.

OCSIX Prospectus and SEC Filings

Official Orchard Small Cap Value Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2020-04-08
• Prospectus (485BPOS) — filed 2019-04-08
• Prospectus (485BPOS) — filed 2018-04-10
• Portfolio holdings (N-PORT) — filed 2020-10-29
• Portfolio holdings (N-PORT) — filed 2020-07-29
• Annual census (N-CEN) — filed 2020-02-13
• Annual census (N-CEN) — filed 2019-02-12

Related Funds

Other United States Small Cap Value Equity funds tracked on ABC INVEST:

• Avantis U.S. Small Cap Value ETF (AVUV)
• U.s. Small Cap Value Portfolio (DFSVX)
• U.S. Targeted Value Portfolio (DFFVX)
• iShares Russell 2000 Value ETF (IWN)
• Dimensional U.S. Targeted Value ETF (DFAT)

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.