WOAIX — WOA All Asset
Data updated: 2025-05-13
WOAIX — WOA All Asset. United States Multi-Cap / All-Cap Blend / Core Equity · $24.20M AUM · 1.51% expense ratio. Holdings, fees, performance and SEC filings.
WOAIX Fund Overview
WOAIX — WOA All Asset is a US mutual fund managed by Northern Lights Fund Trust II, categorised as United States Multi-Cap / All-Cap Blend / Core 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 Multi-Cap / All-Cap Blend / Core Equity
- Assets under management: $24.20M
- 1-year return: 9.2%
- Ticker: WOAIX
- SEC CIK: 0001518042
- SEC series ID: S000034907
- Share class ID: C000107379
WOAIX Investment Objective and Strategy
WOA All Asset 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 WOA All Asset I (the Fund) is maximum total returns.
Principal investment strategy
Under normal market conditions, the Fund operates as a fund of funds investing primarily in exchange-traded funds (ETFs), exchange-traded notes (ETNs), other open-end mutual funds and closed-end funds (collectively, Underlying Funds). The Fund may also invest in individual securities and futures. The Funds investment adviser, Water Oak Advisors, LLC (the Adviser), tactically allocates assets to four primary asset segments: global equity securities, global fixed income securities, cash, and commodities/currencies. The Funds strategy is unconstrained and the Fund may invest up to 100% in any of these asset segments. The Adviser seeks to achieve the Funds investment objective by investing in a diversified portfolio of Underlying Funds, individual securities and futures representing these asset segments.
The Fund invests in Underlying Funds that invest in or are linked to global equity securities, global fixed income securities, cash, and commodities/currencies, but may also invest in Underlying Funds linked to foreign, including emerging market, indexes. The Fund may invest in securities of any country (directly or through Underlying Funds), including the U.S. Although the Fund does not focus its investments on any particular region, it may, as the investment strategy dictates, invest all of its assets in a single country or region. The Fund may also invest in individual securities and futures representing or within these preceding asset classes, including, with respect to the global securities category, securities issued by foreign governments regardless of rating. The Fund may invest in Underlying Funds that invest in fixed income securities or it may invest directly in fixed income securities.
The Funds fixed income investments may include junk bonds and the Fund may invest in securities of any maturity or credit quality. The Fund may invest up to 100% of its net assets in debt securities that are rated below investment grade by Standard and Poors (S&P) or Moodys Investors Services, Inc. (Moodys) or, if unrated, are deemed by the Adviser to be of comparable quality. The Adviser actively manages the Funds investments by increasing or decreasing the Funds investment in particular asset classes, sectors, regions and countries or using a hedging technique, based on its assessment of the opportunities for return relative to the risk using fundamental and technical analysis. When selecting Underlying Funds for investment, the Adviser considers the Underlying Funds investment goals and strategies, the investment adviser and portfolio manager, and past performance (absolute, relative and risk-adjusted).
The Adviser may sell an investment if it determines that the asset class, sector, region or country is no longer desirable or if the Adviser believes that another Underlying Fund or security offers a better opportunity to achieve the Funds objective.
WOAIX Holdings
Top 10 holdings of WOA All Asset by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Spdr S&P 500 Etf Trust | 54.16% |
| iShares Trust | 13.42% |
| iShares Trust | 12.72% |
| iShares Trust | 7.16% |
| Ishares Inc | 5.02% |
| First American Funds Inc. | 2.27% |
| Ishares Inc | 1.45% |
| iShares Trust | 1.40% |
| Ishares Inc | 1.39% |
| Ishares Inc | 1.03% |
WOAIX Portfolio Allocation
Asset-class allocation of WOA All Asset by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 97.7% |
| Cash & Equivalents | 2.3% |
WOAIX Performance
Total returns for WOAIX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 9.2% |
| 3 years (annualised) | 6.2% |
| 5 years (annualised) | 6.4% |
WOAIX Risk Information
Risk metrics for WOAIX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.0%
WOAIX Costs and Fees
WOAIX costs about $151 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.51%
- Gross expense ratio: 1.51%
- Portfolio turnover: 136%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
WOAIX Cashflows
Over the 12 months to 2025-02, WOA All Asset had net outflows of $29.06M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2025-02 | −$1.37M |
| 2025-01 | −$6.02M |
| 2024-12 | −$41.40K |
| 2024-11 | −$660.84K |
| 2024-10 | −$6.21M |
| 2024-09 | −$4.69M |
WOAIX Debt Constituents
No individual debt constituents are reported in WOA All Asset's latest SEC N-PORT filing.
WOAIX Prospectus and SEC Filings
Official WOA All Asset filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-06-26
- Prospectus (485BPOS) — filed 2023-06-28
- Prospectus (485BPOS) — filed 2022-06-29
- Portfolio holdings (N-PORT) — filed 2025-04-29
- Portfolio holdings (N-PORT) — filed 2025-01-27
- Portfolio holdings (N-PORT) — filed 2024-10-29
- Annual census (N-CEN) — filed 2025-05-13
- Annual census (N-CEN) — filed 2024-05-14
Related Funds
Other United States Multi-Cap / All-Cap Blend / Core 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.