- ISIN
- US66538A8696
- CUSIP
- 66538A869
- Issuer
- North Star
- Inception Date
- Dec 14, 2011
- Category
- Diversified Portfolio
- Min. Investment
- $5,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
NSOIX Performance Chart
North Star Opportunity Fund (NSOIX) is up 9.2% since the beginning of the year. NSOIX is currently trading at $20 per share. Investors who bought $1,000 worth of NSOIX shares 5 years ago would now be looking at an investment worth $1,296.
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Returns By Period
North Star Opportunity Fund (NSOIX) has returned 9.15% so far this year and 27.89% over the past 12 months. Over the last ten years, NSOIX has returned 9.29% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
North Star Opportunity Fund
- 1D
- 0.97%
- 1M
- 0.78%
- YTD
- 9.15%
- 6M
- 8.85%
- 1Y
- 27.89%
- 3Y*
- 13.22%
- 5Y*
- 5.33%
- 10Y*
- 9.29%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
NSOIX Monthly Returns History
Based on dividend-adjusted daily data since Dec 19, 2011, NSOIX's average daily return is +0.04%, while the average monthly return is +0.81%. At this rate, an investment would double in approximately 7.2 years.
Historically, 64% of months were positive and 36% were negative. The best month was Apr 2020 with a return of +13.1%, while the worst month was Mar 2020 at -16.7%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 7 months.
On a daily basis, NSOIX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +8.3%, while the worst single day was Mar 12, 2020 at -9.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.88% | -1.57% | -3.15% | 9.31% | 4.52% | -0.65% | 9.15% | ||||||
| 2025 | 2.15% | -2.32% | -5.20% | -3.14% | 3.61% | 3.76% | 2.32% | 2.63% | 2.15% | 3.33% | 1.73% | 1.39% | 12.60% |
| 2024 | 0.93% | 4.05% | 2.48% | -4.15% | 2.07% | 0.71% | 4.16% | 0.05% | 2.03% | -1.11% | 2.66% | -3.18% | 10.84% |
| 2023 | 7.45% | -1.52% | -0.58% | -0.78% | -2.28% | 3.91% | 6.10% | -3.48% | -3.75% | -4.75% | 7.67% | 6.09% | 13.65% |
| 2022 | -4.83% | -0.77% | 0.53% | -8.38% | -0.48% | -7.87% | 6.27% | -4.43% | -8.37% | 4.98% | 4.31% | -5.35% | -23.08% |
| 2021 | 2.26% | 2.49% | 1.02% | 4.77% | 0.61% | 1.65% | 1.21% | 1.37% | -4.65% | 6.32% | 0.87% | 1.53% | 20.83% |
Benchmark Metrics
North Star Opportunity Fund has an annualized alpha of -1.32%, beta of 0.80, and R2 of 0.84 versus S&P 500 Index. Calculated based on daily prices since December 19, 2011.
- This fund participated in 100.04% of S&P 500 Index downside but only 82.97% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -1.32%
- Beta
- 0.80
- R²
- 0.84
- Upside Capture
- 82.97%
- Downside Capture
- 100.04%
Expense Ratio
NSOIX has a high expense ratio of 1.30%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
NSOIX ranks 83 for risk / return — in the top 83% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for North Star Opportunity Fund (NSOIX) 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.
| NSOIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.37 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.84 | 2.78 | +1.06 |
| Martin ratioReturn relative to average drawdown | 14.31 | 12.44 | +1.87 |
Dividends
Dividend History
North Star Opportunity Fund provided a 5.69% dividend yield over the last twelve months, with an annual payout of $1.13 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.13 | $1.12 | $0.70 | $0.43 | $0.68 | $0.47 | $0.09 | $0.20 | $0.79 | $0.22 | $0.13 | $0.28 |
Dividend yield | 5.69% | 6.13% | 4.08% | 2.66% | 4.68% | 2.38% | 0.52% | 1.36% | 6.81% | 1.62% | 1.03% | 2.53% |
Monthly Dividends
The table displays the monthly dividend distributions for North Star Opportunity 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 | $0.05 | $0.00 | $0.00 | $0.08 | $0.00 | $0.14 | ||||||
| 2025 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.06 | $0.89 | $1.12 |
| 2024 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.06 | $0.50 | $0.70 |
| 2023 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.02 | $0.28 | $0.43 |
| 2022 | $0.00 | $0.02 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.01 | $0.57 | $0.68 |
| 2021 | $0.00 | $0.02 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.42 | $0.47 |
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 Opportunity 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 Opportunity Fund was 33.29%, occurring on Mar 23, 2020. Recovery took 108 trading sessions.
The current North Star Opportunity Fund drawdown is 0.70%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -33.29%Mar 2020 | 1mo 8d | 5mo 5d | 6mo 13dFeb 2020 - Aug 2020 |
Bear market2022 | -27.89%Oct 2022 | 10mo 26d | 2y 11mo | 3y 9moNov 2021 - Sep 2025 |
2016 bear market2016 | -23.94%Feb 2016 | 11mo 15d | 9mo 29d | 1y 9moMar 2015 - Dec 2016 |
Rate-hike selloffLate 2018 | -22.13%Dec 2018 | 3mo | 10mo 26d | 1y 1moSep 2018 - Nov 2019 |
2018 correction2018 | -11.27%Apr 2018 | 2mo 8d | 4mo 20d | 6mo 28dJan 2018 - Aug 2018 |
Drawdown Indicators
| NSOIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.29% | -56.78% | +23.49% |
Max Drawdown (1Y)Largest decline over 1 year | -7.38% | -9.10% | +1.72% |
Max Drawdown (3Y)Largest decline over 3 years | -18.24% | -18.90% | +0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -27.89% | -25.43% | -2.46% |
Max Drawdown (10Y)Largest decline over 10 years | -33.29% | -33.92% | +0.63% |
Current DrawdownCurrent decline from peak | -0.70% | -1.80% | +1.10% |
Average DrawdownAverage peak-to-trough decline | -6.49% | -10.71% | +4.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 2.03% | -0.05% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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