Investment objective & strategy
As of March 27, 2026 · prospectusObjective. The primary investment objective of the North Star Dividend Fund (the ?Dividend Fund?) is to generate dividend income
Strategy. Under normal market conditions, the Dividend Fund seeks to achieve its investment objective by investing at least 80% of the Dividend Fund?s net assets in a diversified portfolio of dividend paying securities. The Dividend Fund will invest in companies with market capitalizations up to $2.5 billion. In general, the Dividend Fund intends to invest within a potentially wide range of net exposures of companies that pay dividends, meaning that normally it expects to invest approximately 80% to 100% of its net assets in net long positions in securities that the Adviser deems to be underpriced. Target position sizes will range from 0% to 5% of the Dividend Fund?s net assets. The Dividend Fund?s ?dividend? strategy consists, to a significant degree, … Under normal market conditions, the Dividend Fund seeks to achieve its investment objective by investing at least 80% of the Dividend Fund?s net assets in a diversified portfolio of dividend paying securities. The Dividend Fund will invest in companies with market capitalizations up to $2.5 billion. In general, the Dividend Fund intends to invest within a potentially wide range of net exposures of companies that pay dividends, meaning that normally it expects to invest approximately 80% to 100% of its net assets in net long positions in securities that the Adviser deems to be underpriced. Target position sizes will range from 0% to 5% of the Dividend Fund?s net assets. The Dividend Fund?s ?dividend? strategy consists, to a significant degree, of seeking companies with market capitalizations of less than $2.5 billion that pay dividends, have a history of paying dividends and increasing dividends, high free cash flow and attractive enterprise value relative to Earnings Before Interest Tax Depreciation and Amortization (?EBITDA?).
Top holdings
As of Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| SPROTT INC | — | $4.54M | 4.80% |
| POSTAL REALTY TRUST INC | — | $4.06M | 4.29% |
| FIRST AM-TR OB-X | TMPXX | $3.88M | 4.10% |
| OIL-DRI CORP OF AMERICA | — | $3.12M | 3.30% |
| LSI INDUSTRIES INC | — | $2.98M | 3.15% |
| FLEXSTEEL INDS | — | $2.78M | 2.94% |
| NORTHWESTERN ENERGY GROUP INC | — | $2.66M | 2.81% |
| GATX CORP | — | $2.58M | 2.73% |
| SELECT WATER SOLUTIONS INC CL A | — | $2.56M | 2.70% |
| NORTHWEST NATURAL HOLDING CO | — | $2.55M | 2.69% |
Portfolio moves
Nov 30, 2025 → Feb 28, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| North Star Small Cap Value Fund · WSCVX, WFICX | 23% | 1.52% |
| North Star Micro Cap Fund · NSMVX, NSMYX | 22% | 1.39% |
| ProShares Russell 2000 Dividend Growers ETF · SMDV | 13% | 0.40% |
Advisers
| Firm | Role |
|---|---|
| North Star Investment Management Corp. | Adviser |
Footnotes
- Expense ratio as of March 27, 2026, from the fund's prospectus.
- Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. As reported in the fund's prospectus performance bar chart.
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