- ISIN
- US66538F6034
- CUSIP
- 66538F603
- Issuer
- North Star
- Inception Date
- Dec 18, 2014
- Category
- Nontraditional Bonds
- Min. Investment
- $5,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
NSBDX Performance Chart
North Star Bond Fund (NSBDX) is up 2.0% since the beginning of the year. NSBDX is currently trading at $9 per share. Investors who bought $1,000 worth of NSBDX shares 5 years ago would now be looking at an investment worth $1,092.
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Returns By Period
North Star Bond Fund (NSBDX) has returned 1.97% so far this year and 3.80% over the past 12 months. Over the last ten years, NSBDX has returned 2.25% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
North Star Bond Fund
- 1D
- 0.08%
- 1M
- 0.30%
- 6M
- 1.24%
- YTD
- 1.97%
- 1Y
- 3.80%
- 3Y*
- 4.44%
- 5Y*
- 1.77%
- 10Y*
- 2.25%
- ALL TIME*
- 2.29%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
NSBDX Monthly Returns History
Based on dividend-adjusted daily data since Dec 22, 2014, NSBDX's average daily return is +0.01%, while the average monthly return is +0.20%. At this rate, an investment would double in approximately 28.9 years.
Historically, 67% of months were positive and 33% were negative. The best month was Apr 2020 with a return of +3.9%, while the worst month was Mar 2020 at -10.7%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.
On a daily basis, NSBDX closed higher 38% of trading days. The best single day was Mar 26, 2020 with a return of +2.8%, while the worst single day was Mar 18, 2020 at -4.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.72% | 0.68% | -1.61% | 1.07% | 0.14% | 0.55% | 0.42% | 1.97% | |||||
| 2025 | 0.22% | 0.67% | -0.49% | 0.05% | 0.38% | 0.75% | 0.37% | 0.57% | 0.60% | -0.25% | 0.47% | 0.28% | 3.67% |
| 2024 | 0.62% | -0.10% | 0.72% | -0.21% | 0.72% | 0.53% | 1.08% | 1.15% | 0.41% | -0.26% | 0.54% | -0.14% | 5.17% |
| 2023 | 2.59% | -0.59% | 0.22% | 0.61% | -0.89% | 1.04% | 0.52% | 0.11% | -0.49% | -0.05% | 1.69% | 1.20% | 6.07% |
| 2022 | -1.08% | -1.03% | -0.36% | -2.52% | 0.41% | -2.86% | 1.84% | -0.72% | -1.56% | 0.20% | 1.14% | -0.83% | -7.23% |
| 2021 | 0.81% | 0.57% | 0.43% | 0.74% | -0.20% | 0.45% | 0.22% | 0.08% | 0.10% | -0.32% | -0.77% | 0.71% | 2.84% |
Benchmark Metrics
North Star Bond Fund has an annualized alpha of 0.89%, beta of 0.12, and R2 of 0.29 versus S&P 500 Index. Calculated based on daily prices since December 22, 2014.
- This fund participated in 19.96% of S&P 500 Index downside but only 15.48% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.12 may look defensive, but with R2 of 0.29 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.29 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 0.89%
- Beta
- 0.12
- R²
- 0.29
- Upside Capture
- 15.48%
- Downside Capture
- 19.96%
Expense Ratio
NSBDX has a high expense ratio of 1.63%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
NSBDX ranks 66 for risk / return — above 66% of mutual funds peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for North Star Bond Fund (NSBDX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NSBDX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.25 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 2.00 | -0.21 |
| Martin ratioReturn relative to average drawdown | 7.39 | 8.49 | -1.10 |
Dividends
Dividend History
North Star Bond Fund provided a 4.20% dividend yield over the last twelve months, with an annual payout of $0.37 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.37 | $0.33 | $0.40 | $0.30 | $0.22 | $0.26 | $0.31 | $0.33 | $0.32 | $0.36 | $0.30 | $0.27 |
Dividend yield | 4.20% | 3.72% | 4.48% | 3.45% | 2.49% | 2.72% | 3.23% | 3.34% | 3.50% | 3.61% | 2.98% | 2.86% |
Monthly Dividends
The table displays the monthly dividend distributions for North Star Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.22 | |||||
| 2025 | $0.00 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.04 | $0.03 | $0.02 | $0.33 |
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.05 | $0.40 |
| 2023 | $0.04 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.00 | $0.03 | $0.03 | $0.03 | $0.04 | $0.30 |
| 2022 | $0.01 | $0.01 | $0.04 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.22 |
| 2021 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.26 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the North Star Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the North Star Bond Fund was 18.75%, occurring on Mar 23, 2020. Recovery took 209 trading sessions.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-18.75%Mar 2020 | 1mo 1d | 10mo 3d | 11mo 4dFeb 2020 - Jan 2021 | COVID crash2020 |
-8.88%Oct 2022 | 1y 10d | 1y 8mo | 2y 8moOct 2021 - Jun 2024 | Bear market2022 |
-5.66%Feb 2016 | 9mo 18d | 2mo 2d | 11mo 20dApr 2015 - Apr 2016 | — |
-4.72%Dec 2018 | 2mo 21d | 2mo 5d | 4mo 26dOct 2018 - Feb 2019 | Rate-hike selloffLate 2018 |
-2.17%Apr 2025 | 1mo 4d | 1mo 29d | 3mo 3dMar 2025 - Jun 2025 | 2025 selloff2025 |
Drawdown Indicators
| NSBDX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.75% | -56.78% | +38.03% |
Max Drawdown (1Y)Largest decline over 1 year | -2.12% | -9.10% | +6.98% |
Max Drawdown (3Y)Largest decline over 3 years | -2.17% | -18.90% | +16.73% |
Max Drawdown (5Y)Largest decline over 5 years | -8.88% | -25.43% | +16.55% |
Max Drawdown (10Y)Largest decline over 10 years | -18.75% | -33.92% | +15.17% |
Current DrawdownCurrent decline from peak | 0.00% | -1.58% | +1.58% |
Average DrawdownAverage peak-to-trough decline | -1.72% | -10.70% | +8.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | 2.14% | -1.62% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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