PSTR — PeakShares Sector Rotation ETF

PSTR Fund Overview

PSTR — PeakShares Sector Rotation ETF is a US ETF managed by Northern Lights Fund Trust II, categorised as United States Large Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: Northern Lights Fund Trust II
• Category: United States Large Cap Blend / Core Equity
• Assets under management: $61.72M
• 1-year return: 19.9%
• Ticker: PSTR
• SEC CIK: 0001518042
• SEC series ID: S000084644
• Share class ID: C000249078

PSTR Investment Objective and Strategy

PeakShares Sector Rotation ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Northern Lights Fund Trust II.

Investment objective

The primary investment objective of the PeakShares Sector Rotation ETF (the Fund) is to seek to provide capital appreciation and income generation.

Principal investment strategy

The Fund is an actively managed exchange-traded fund (ETF) that may engage in active and frequent trading. The Fund will normally invest at least 80% of its net assets, including any borrowings for investment purposes, in a diversified portfolio of equity securities that include common stocks of U.S companies and equity ETFs providing exposure to such companies, or derivatives that have economic characteristics similar to such securities. The equity ETFs in which the Fund will invest are primarily index ETFs that invest in the common stock of U.S. companies although the Fund may also invest in actively managed ETFs that provide similar exposure to equity securities. To enhance returns and generate income, the Fund will from time to time incorporate a covered call option writing strategy. The Fund is not managed relative to an index and has broad flexibility to allocate its assets across different sectors of the U.S.

equity markets. The Fund may invest in securities of companies of any market capitalization or equity ETFs that provide exposure to companies of any capitalization. The Fund will invest in equity securities based on macroeconomic and asset cycle investing methodology that determines the rank order of industry sectors, and then makes periodic shifts to (i) capitalize on market opportunities, or (ii) avoid market declines. The Fund expects to hold 20 to 100 securities at any given time, including individual company securities and positions in equity ETFs, with no fewer than 11 positions at any time. The core of the Funds portfolio will be comprised of a combination of equity securities representing the 11 industry sectors that make up the S&P 500 Index, although additional positions like ETFs, options or other equity securities that are not a component of the S&P 500 Index may be included in the Funds portfolio.

As of the date of this Prospectus, the industry sectors include: communication services, consumer discretionary, consumer staples, energy, financials, healthcare, industrials, materials, real estate, information technology and utilities. There is no minimum or maximum number of securities or positions for each sector. A sector can be represented by a single ETF or several individual positions or ETFs. Over- and under-weights of sectors relative to the weighting in the S&P 500 index are determined by the overall market and sector outlook. The Funds investment process includes top-down macroeconomic and sector analysis as well as a bottom-up forecasting methodology. The top-down sector models incorporate macroeconomic, key industry drivers, financial metrics, and valuations to arrive at a projected return forecast and outlook for each industry sector.

Using these forecasts and outlooks, the Adviser then allocates weights to each market sector to construct a portfolio that seeks to maximize expected return. In addition, the Adviser conducts an ongoing analysis of the state of the investment universe based on economic, political, and market conditions, to look for significant changes to those sectors categories and determine the highest potential for positive returns during periods of relative economic strength, while utilizing defensive positioning such as allocations to more defensive sectors when economic and market environments weaken , rebalancing the portfolio as needed. The Funds bottoms-up strategy includes deep fundamental analysis and modeling for each security in the portfolio. The Adviser determines price target for each security based on its models and projections and continuously tracks the investment thesis in each security.

The Fund will sell a portfolio holding when the security no longer meets its investment criteria or when a more attractive investment is available. Option Strategy . To enhance returns and generate income, the Fund will from time to time incorporate a covered call option writing strategy. Covered call option writing is an investment strategy of writing (selling) call options against securities owned by the Fund to generate additional returns from the option premium. The Funds option strategy may also have the benefit of reducing the volatility of the Funds portfolio in comparison to that of broad equity market indexes. The Fund pursues its options strategy by writing (selling) covered call options on an amount from 0% to 100% of the value of the underlying security in the Funds portfolio. The Fund seeks to earn income and gains both from dividends paid on the securities owned by the Fund and cash premiums received from writing or selling covered call options on securities held in the Funds portfolio.

The Fund may not sell naked call options, i.e., equity options representing more shares of a security than the Fund has in the portfolio.

PSTR Holdings

Top 10 holdings of PeakShares Sector Rotation ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all PSTR holdings

PSTR Portfolio Allocation

Asset-class allocation of PeakShares Sector Rotation ETF by percentage of net assets, from the latest SEC N-PORT filing.

PSTR Performance

Total returns for PSTR (as of 2026-10-01), from SEC filings.

PSTR Risk Information

Risk metrics for PSTR, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 8.7%

PSTR Costs and Fees

PSTR costs about $106 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.06%
• Gross expense ratio: 1.54%
• Portfolio turnover: 48%
• Brokerage commissions: 10.20 bps of average net assets (SEC N-CEN)

PSTR Cashflows

Over the 12 months to 2026-05, PeakShares Sector Rotation ETF had net inflows of $27.61M, from monthly SEC N-PORT filings.

PSTR Debt Constituents

No individual debt constituents are reported in PeakShares Sector Rotation ETF's latest SEC N-PORT filing.

PSTR Prospectus and SEC Filings

Official PeakShares Sector Rotation ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2026-06-25
• Prospectus (485BPOS) — filed 2025-07-02
• Prospectus (485BPOS) — filed 2024-04-16
• Portfolio holdings (N-PORT) — filed 2026-07-09
• Portfolio holdings (N-PORT) — filed 2026-04-14
• Portfolio holdings (N-PORT) — filed 2026-01-26
• Annual census (N-CEN) — filed 2026-05-13
• Annual census (N-CEN) — filed 2025-05-13

Related Funds

Other United States Large Cap Blend / Core Equity funds tracked on ABC INVEST:

• Vanguard Total Stock Market Index Fund (VTSMX)
• Vanguard 500 Index Fund (VFINX)
• iShares Core S&P 500 ETF (IVV)
• Fidelity 500 Index Fund (FXAIX)
• Vanguard Institutional Index Fund (VINIX)

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.