Investment objective & strategy
As of March 27, 2026 · prospectusObjective. The investment objective of the North Star Small Cap Value Fund (the ?Small Cap Value Fund?) is long-term capital appreciation.
Strategy. The Small Cap Value Fund invests primarily in common stocks of small capitalization U.S. companies that the Adviser believes have the potential for capital appreciation. Small capitalization companies are defined as those with market capitalizations of $2.5 billion or less at the time of purchase. Under normal circumstances, the Fund will invest at least 80% of its net assets plus any borrowing for investment purposes in common stocks of small capitalization companies, as defined above. The Fund emphasizes a ?value? investment style, investing in companies that appear underpriced according to certain financial measurements of their worth or business prospects. While the Small Cap Value Fund manages risk by investing in securities across a broad range of industries and market sectors, … The Small Cap Value Fund invests primarily in common stocks of small capitalization U.S. companies that the Adviser believes have the potential for capital appreciation. Small capitalization companies are defined as those with market capitalizations of $2.5 billion or less at the time of purchase. Under normal circumstances, the Fund will invest at least 80% of its net assets plus any borrowing for investment purposes in common stocks of small capitalization companies, as defined above. The Fund emphasizes a ?value? investment style, investing in companies that appear underpriced according to certain financial measurements of their worth or business prospects. While the Small Cap Value Fund manages risk by investing in securities across a broad range of industries and market sectors, the Small Cap Value Fund may at times focus its investments in a particular sector or sectors of the U.S. equity markets.
Top holdings
As of Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| FIRST AM-TR OB-X | TMPXX | $3.81M | 11.50% |
| SPROTT INC | — | $1.38M | 4.16% |
| COMFORT SYSTEMS USA INC | — | $1.36M | 4.10% |
| SPHERE ENTERTAINMENT CO | — | $1.31M | 3.95% |
| AZZ INC | — | $1.22M | 3.69% |
| WISDOMTREE INVESTMENTS INC | — | $1.18M | 3.56% |
| POSTAL REALTY TRUST INC | — | $1.15M | 3.47% |
| BLUE BIRD CORP | — | $1.05M | 3.17% |
| ALLIENT INC | — | $1.03M | 3.12% |
| LSI INDUSTRIES INC | — | $951.28K | 2.87% |
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 Micro Cap Fund · NSMVX, NSMYX | 25% | 1.39% |
| North Star Dividend Fund · NSDVX, NSDRX | 23% | 1.44% |
| North Star Opportunity Fund · NSOIX, NSOPX, NSIRX | 14% | 1.31% |
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. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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