VALUX — Al Frank Fund
Data updated: 2026-08-25
VALUX — Al Frank Fund. United States Large Cap Value Equity · $89.24M AUM · 1.49% expense ratio. Holdings, fees, performance and SEC filings.
VALUX Fund Overview
VALUX — 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: -13.7%
- Ticker: VALUX
- SEC CIK: 0001518042
- SEC series ID: S000039632
- Share class ID: C000122236
VALUX Investment Objective and Strategy
Al Frank 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 Al Frank Fund (the ?Fund?) is long-term capital appreciation.
Principal investment strategy
Under normal market conditions, the Adviser selects equity securities that it believes are out of favor and undervalued. The Adviser then attempts to purchase the securities and hold them until it believes that the securities have reached their fair value. The Adviser selects equity securities consisting of common stocks and securities having the characteristics of common stocks, such as preferred stocks, convertible securities, rights and warrants. The Fund may invest in securities of foreign issuers (?foreign securities?), provided that they are publicly traded in the United States, including in American Depositary Receipts (?ADRs?). The Adviser screens a universe of more than 6,000 stocks in order to identify those with low price-to-earnings ratios, price-to-book values, and price-to-revenues ratios relative to its historical norms, its industry peers or the overall market.
The Adviser utilizes these and other fundamental valuation metrics as well as its assessments of a company?s long-term growth prospects and risk characteristics, in order to establish a target price for each stock. The target price represents the price at which the Adviser believes the stock is fairly valued. Those stocks with significant appreciation potential relative to these target prices and perceived risk characteristics become available for selection. The Adviser employs a go-anywhere style focused on uncovering undervalued stocks independent of market capitalization. The Fund?s portfolio is expected to hold both dividend and non-dividend paying stocks and seeks broad market diversification via exposure to a significant number of major market sectors and industry groups. The Adviser may sell positions as they reach or approach their target price, if a lower target price results from a reassessment of earnings or valuation multiples, or if a more attractive stock is identified.
To earn additional income, the Fund, through its agent, may lend its portfolio securities to broker-dealers amounting to no more than 33-1/3% of the total assets of the Fund (including any collateral posted) or 50% of the total assets of the Fund (excluding any collateral posted). When the Fund loans its portfolio securities, it will receive collateral equal to at least 102% of the value of the loaned securities.
VALUX 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% |
VALUX 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% |
VALUX Performance
Total returns for VALUX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -13.7% |
| 3 years (annualised) | 5.2% |
VALUX Risk Information
Risk metrics for VALUX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 15.7%
VALUX Costs and Fees
VALUX costs about $149 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.49%
- Gross expense ratio: 1.68%
- Portfolio turnover: 5%
- Brokerage commissions: 0.04 bps of average net assets (SEC N-CEN)
VALUX 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 |
VALUX Debt Constituents
No individual debt constituents are reported in Al Frank Fund's latest SEC N-PORT filing.
VALUX 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.