- ISIN
- US66538A2996
- CUSIP
- 66538A299
- Issuer
- North Star
- Inception Date
- May 31, 2013
- Category
- Small Cap Blend Equities
- Min. Investment
- $5,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
NSMVX Performance Chart
North Star Micro Cap Fund (NSMVX) is up 15.9% since the beginning of the year. NSMVX is currently trading at $46 per share. Investors who bought $1,000 worth of NSMVX shares 5 years ago would now be looking at an investment worth $1,137.
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Returns By Period
North Star Micro Cap Fund (NSMVX) has returned 15.91% so far this year and 21.78% over the past 12 months. Over the last ten years, NSMVX has returned 9.19% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
North Star Micro Cap Fund
- 1D
- 0.33%
- 1M
- -2.32%
- 6M
- 10.54%
- YTD
- 15.91%
- 1Y
- 21.78%
- 3Y*
- 11.40%
- 5Y*
- 2.61%
- 10Y*
- 9.19%
- ALL TIME*
- 8.70%
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%
NSMVX Monthly Returns History
Based on dividend-adjusted daily data since May 31, 2013, NSMVX's average daily return is +0.04%, while the average monthly return is +0.84%. At this rate, an investment would double in approximately 6.9 years.
Historically, 55% of months were positive and 45% were negative. The best month was Apr 2020 with a return of +19.2%, while the worst month was Mar 2020 at -23.8%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, NSMVX closed higher 51% of trading days. The best single day was Apr 9, 2025 with a return of +6.8%, while the worst single day was Mar 18, 2020 at -13.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.86% | 2.72% | -5.86% | 8.35% | 1.32% | 7.77% | -3.38% | 15.91% | |||||
| 2025 | -0.41% | -3.41% | -6.69% | -3.46% | 6.49% | 1.94% | 1.47% | 8.04% | -0.13% | -5.90% | 0.99% | 1.18% | -0.97% |
| 2024 | -2.23% | 3.32% | 6.77% | -5.44% | 5.42% | -2.44% | 10.81% | -2.56% | 0.43% | -4.31% | 10.08% | -3.74% | 15.30% |
| 2023 | 10.71% | -1.85% | -1.32% | -1.49% | -2.25% | 8.23% | 4.78% | -5.39% | -3.38% | -2.89% | 8.02% | 8.95% | 22.31% |
| 2022 | -6.61% | 0.05% | -3.47% | -6.63% | -0.70% | -8.05% | 5.04% | -5.89% | -11.04% | 8.30% | 5.96% | -3.14% | -24.84% |
| 2021 | 8.04% | 5.69% | 2.74% | 4.78% | 2.92% | -0.26% | -3.27% | -0.07% | -6.04% | 3.67% | -5.20% | 1.31% | 14.12% |
Benchmark Metrics
North Star Micro Cap Fund has an annualized alpha of -0.33%, beta of 0.81, and R2 of 0.54 versus S&P 500 Index. Calculated based on daily prices since May 31, 2013.
- This fund participated in 96.20% of S&P 500 Index downside but only 82.93% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -0.33%
- Beta
- 0.81
- R²
- 0.54
- Upside Capture
- 82.93%
- Downside Capture
- 96.20%
Expense Ratio
NSMVX has a high expense ratio of 1.30%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
NSMVX ranks 30 for risk / return — above 30% of mutual funds peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for North Star Micro Cap Fund (NSMVX) 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.
| NSMVX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.25 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 2.00 | -0.54 |
| Martin ratioReturn relative to average drawdown | 4.17 | 8.49 | -4.33 |
Dividends
Dividend History
North Star Micro Cap Fund provided a 3.21% dividend yield over the last twelve months, with an annual payout of $1.48 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.48 | $1.48 | $1.25 | $0.27 | $0.08 | $1.35 | $0.00 | $0.26 | $1.72 | $0.91 | $0.93 | $1.17 |
Dividend yield | 3.21% | 3.72% | 2.98% | 0.72% | 0.26% | 3.30% | 0.01% | 0.94% | 7.51% | 3.22% | 3.34% | 5.11% |
Monthly Dividends
The table displays the monthly dividend distributions for North Star Micro Cap 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.48 | $1.48 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.25 | $1.25 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.27 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.08 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.35 | $1.35 |
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 Micro Cap 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 Micro Cap Fund was 41.32%, occurring on Mar 18, 2020. Recovery took 92 trading sessions.
The current North Star Micro Cap Fund drawdown is 3.54%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-41.32%Mar 2020 | 1y 6mo | 4mo 13d | 1y 11moAug 2018 - Jul 2020 | COVID crash2020 |
-40.82%Sep 2022 | 1y 3mo | 3y 5mo | 4y 8moJun 2021 - Feb 2026 | Bear market2022 |
-25.10%Feb 2016 | 10mo 1d | 9mo 9d | 1y 7moApr 2015 - Nov 2016 | — |
-9.00%Mar 2026 | 21d | 28d | 1mo 19dFeb 2026 - Apr 2026 | — |
-8.68%Mar 2021 | 9d | 1mo | 1mo 9dMar 2021 - Apr 2021 | — |
Drawdown Indicators
| NSMVX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.32% | -56.78% | +15.46% |
Max Drawdown (1Y)Largest decline over 1 year | -12.98% | -9.10% | -3.88% |
Max Drawdown (3Y)Largest decline over 3 years | -22.82% | -18.90% | -3.92% |
Max Drawdown (5Y)Largest decline over 5 years | -38.00% | -25.43% | -12.57% |
Max Drawdown (10Y)Largest decline over 10 years | -41.32% | -33.92% | -7.40% |
Current DrawdownCurrent decline from peak | -3.54% | -1.58% | -1.96% |
Average DrawdownAverage peak-to-trough decline | -10.33% | -10.70% | +0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.57% | 2.14% | +2.43% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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