VALAX — Al Frank Fund
Data updated: 2026-08-25
VALAX — Al Frank Fund. United States Large Cap Value Equity · $89.24M AUM · 1.25% expense ratio. Holdings, fees, performance and SEC filings.
VALAX Fund Overview
VALAX — Al Frank Fund is a US mutual fund managed by Northern Lights Fund Trust II, categorised as United States Large 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 Large Cap Value Equity
- Assets under management: $89.24M
- 1-year return: 46.8%
- Ticker: VALAX
- SEC CIK: 0001518042
- SEC series ID: S000039632
- Share class ID: C000122237
VALAX Holdings
Top 10 holdings of Al Frank Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Fidelity Colchester Street Trust | 4.78% |
| Lam Research Corp. | 3.88% |
| Seagate Technology Holdings PLC | 3.18% |
| Corning, Inc. | 3.15% |
| Intel Corp. | 3.05% |
| Cummins, Inc. | 2.80% |
| Alphabet, Inc. | 2.77% |
| Jp Morgan Chase & Company | 2.57% |
| Cohu, Inc. | 2.48% |
| Morgan Stanley Institutional Liquidity Funds | 2.42% |
VALAX Portfolio Allocation
Asset-class allocation of Al Frank Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 94.6% |
| Cash & Equivalents | 7.2% |
VALAX Performance
Total returns for VALAX (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 25.3% |
| 1 year | 46.8% |
| 3 years (annualised) | 23.8% |
| 5 years (annualised) | 12.6% |
VALAX Risk Information
Risk metrics for VALAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 12.0%
VALAX Costs and Fees
VALAX costs about $125 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.25%
- Gross expense ratio: 1.49%
- Portfolio turnover: 5%
- Brokerage commissions: 0.04 bps of average net assets (SEC N-CEN)
VALAX Cashflows
Over the 12 months to 2026-06, Al Frank Fund had net outflows of $715.34K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$1.76M |
| 2026-05 | −$566.58K |
| 2026-04 | −$495.16K |
| 2026-03 | −$314.15K |
| 2026-02 | −$293.21K |
| 2026-01 | −$314.68K |
VALAX Debt Constituents
No individual debt constituents are reported in Al Frank Fund's latest SEC N-PORT filing.
VALAX Prospectus and SEC Filings
Official Al Frank Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-30
- Prospectus (485BPOS) — filed 2024-04-25
- Prospectus supplement (497) — filed 2025-05-05
- Portfolio holdings (N-PORT) — filed 2026-08-25
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-02-26
- Annual census (N-CEN) — filed 2026-03-16
- Annual census (N-CEN) — filed 2025-03-12
Related Funds
Other United States Large 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.