NORTHERN LIGHTS II M Capital Apprctn (MFCPX)

Fund Assets	262.64M
Expense Ratio	0.978%
Min. Investment	$0.00
Turnover	n/a
Dividend (ttm)	0.26
Dividend Yield	0.99%
Dividend Growth	-50.38%
Payout Frequency	Annual
Ex-Dividend Date	Dec 30, 2025

Previous Close	26.58
YTD Return	9.53%
1-Year Return	12.01%
5-Year Return	38.75%
52-Week Low	24.42
52-Week High	30.58
Beta (5Y)	1.27
Holdings	135
Inception Date	n/a

About MFCPX

M Capital Appreciation Fund is an open-end mutual fund that aims for long-term capital appreciation by investing in common stocks of U.S. companies across all market capitalizations, with a focus consistent with components of the Russell 2500 Index. Classified within the small growth category, the fund primarily targets faster-growing firms at the lower end of the market-cap spectrum, often in emerging industries or those in early expansion phases. The portfolio is diversified across sectors including industrials, technology, healthcare, and energy, with industrials notably representing a significant proportion of holdings. The fund may also invest up to 15% of assets in foreign equity securities, providing additional diversification. M Capital Appreciation Fund is commonly used as an investment option within variable life insurance and annuity products, offering investors access to institutional management expertise and broad exposure to growth-oriented equities within a flexible structure suited to long-term wealth accumulation objectives.

• Stock Exchange: Nasdaq
• Ticker Symbol: MFCPX
• Index: Russell 2500 TR

Performance

MFCPX had a total return of 12.01% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.25%.

Top 10 Holdings

17.33% of assets

Name	Symbol	Weight
FTAI Aviation Ltd.	FTAI	2.85%
XPO, Inc.	XPO	2.09%
Carpenter Technology Corporation	CRS	1.77%
ATI Inc.	ATI	1.61%
Granite Construction Incorporated	GVA	1.59%
Permian Resources Corporation	PR	1.55%
Jabil Inc.	JBL	1.53%
Coherent Corp.	COHR	1.51%
Darling Ingredients Inc.	DAR	1.45%
Weatherford International plc	WFRD	1.38%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 30, 2025	$4.53091	Dec 31, 2025
Dec 30, 2024	$2.27184	Dec 31, 2024
Dec 28, 2023	$1.48705	Dec 29, 2023
Jun 15, 2023	$0.20831	Jun 16, 2023
Dec 29, 2022	$1.33239	Dec 30, 2022
Jun 16, 2022	$0.63504	Jun 17, 2022

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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