North Star Bond Fund Class I (NSBDX)

Fund Assets	35.82M
Expense Ratio	1.628%
Min. Investment	$5,000
Turnover	34.00%
Dividend (ttm)	0.37
Dividend Yield	4.27%
Dividend Growth	-2.77%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 29, 2026

Previous Close	8.71
YTD Return	1.22%
1-Year Return	1.96%
5-Year Return	8.28%
52-Week Low	8.68
52-Week High	8.98
Beta (5Y)	0.16
Holdings	36
Inception Date	Dec 19, 2014

About NSBDX

North Star Bond Fund Class I is an actively managed mutual fund specializing in nontraditional bond strategies. Its primary objective is to generate income, with preservation of capital as a secondary goal. The fund invests at least 80% of its assets in a diversified selection of bonds and other fixed-income securities, notably focusing on issuers with equity market capitalizations below $2.5 billion, including companies with exposure in North Star’s equity portfolios. The portfolio typically includes a mix of corporate bonds, preferred stocks, and short-duration fixed income instruments, boasting a relatively short average duration of 1.14 years, which helps mitigate interest rate risk. This structure makes the fund particularly relevant for investors seeking monthly income from a broad array of credit sectors and company sizes. With approximately 33 holdings and an asset base of around $34.6 million, it stands out for its flexibility in issuer selection and active management style. North Star Bond Fund Class I plays a distinct role in the fixed income market by combining high-yield and investment-grade exposures within a single, diversified vehicle, offering access to both traditional and niche bond segments.

• Fund Family: North Star
• Category: Alt Credit Focus
• Performance Rating: Below Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: NSBDX
• Share Class: Class I Shares
• Index: Bloomberg US HY Ba/B 3% Issuer Cap TR

Performance

NSBDX had a total return of 1.96% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.18%.

Top 10 Holdings

39.52% of assets

Name	Symbol	Weight
The Scotts Miracle-Gro Company 5.25%	SMG.5.25 12.15.26	4.23%
Wintrust Financial Corporation 4.85%	WTFC.4.85 06.06.29	4.16%
Churchill Downs Inc 4.75%	CHDN.4.75 01.15.28 144A	4.03%
Elanco Animal Health Inc 6.4%	ELAN.4.9 08.28.28	4.02%
ACCO Brands Corporation 4.25%	ACCO.4.25 03.15.29 144A	3.95%
Vail Resorts, Inc. 5.625%	MTN.5.625 07.15.30 REGS	3.91%
EPR Properties 4.95%	EPR.4.95 04.15.28	3.91%
Steelcase Inc 5.125%	SCS.5.125 01.18.29	3.81%
BlueLinx Holdings Inc. 6%	BXC.6 11.15.29 144A	3.76%
Lindblad Expeditions LLC 7%	LIND.7 09.15.30 144A	3.74%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 29, 2026	$0.0262	Sep 30, 2026
Aug 28, 2026	$0.030	Aug 31, 2026
Jul 30, 2026	$0.0367	Jul 31, 2026
Jun 29, 2026	$0.0282	Jun 30, 2026
May 28, 2026	$0.0327	May 29, 2026
Apr 29, 2026	$0.0342	Apr 30, 2026

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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