North Star Bond Fund
“Micro to Macro® Bond Investing”
The North Star Bond Fund is largely comprised of fixed income securities issued by companies owned in North Star’s equity funds. The fund has broad discretion to invest in bonds issued by companies of any size.
Investment Objective
The primary investment objective of the North Star Bond Fund is to generate income, with preservation of capital a secondary objective. The fund invests in a diversified portfolio of bonds and other fixed-income securities. The fund will generally focus on bonds issued by companies with equity market capitalizations of less than $2.5 billion.
Why Invest?
The fund provides investors the opportunity to invest in a single fund for a broad allocation of preferred stocks and bonds.
Portfolio Managers
Performance
Calendar Year Total Returns
| YTD 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| NSBDX | 0.79% | 5.16% | 6.06% | -7.23% | 2.84% | 0.71% |
| Bloomberg Barclays Ba/B US High Yield TR Index |
1.19% | 6.76% | 12.57% | -10.59% | 4.71% | 7.78% |
Unaudited, net of fees as of March 31, 2025
Anualized Returns
| 1-Year | 3-Year | 5-Year | 10-Year | Inception | |
|---|---|---|---|---|---|
| NSBDX | 4.69% | 2.25% | 3.99% | 2.12% | 2.14% |
| Bloomberg Barclays Ba/B US High Yield TR Index |
6.70% | 4.58% | 6.72% | 4.83% | 5.02% |
Unaudited, net of fees as of March 31, 2025 | Inception date 12/19/14
Each Fund will deduct a 2% redemption fee on the redemption amount if you sell your shares less than 30 days after purchase or shares held less than 30 days are redeemed for failure to maintain a Fund’s balance minimum. See Low Balances for further information on account closure policy. Shares held longest will be treated as being redeemed first and shares held shortest as being redeemed last. Shares held for 30 days or more are not subject to the 2% fee. Redemption fees are paid to a Fund directly and are designed to offset costs associated with fluctuations in Fund asset levels and cash flow caused by short-term shareholder trading.
Past performance is not indicative of future results. There is no assurance dividends will be paid. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted above. Performance quoted is past performance and is no guarantee of future results. Please review the fund’s prospectus for more information regarding the fund’s fees and expenses. For performance information current to the most recent month-end please call toll-free 855-580-0900.
The Bloomberg Barclays Capital US High Yield BA/B Index measures the USD-denominated high-yield, fixed-rate corporate, and bond market.