North Star Micro Cap Fund Class I (NSMVX)

Fund Assets	189.65M
Expense Ratio	1.39%
Min. Investment	$5,000
Turnover	24.00%
Dividend (ttm)	0.21
Dividend Yield	0.44%
Dividend Growth	-32.58%
Payout Frequency	n/a
Ex-Dividend Date	Dec 8, 2025

Previous Close	47.58
YTD Return	19.22%
1-Year Return	15.22%
5-Year Return	18.92%
52-Week Low	38.61
52-Week High	48.55
Beta (5Y)	0.92
Holdings	106
Inception Date	May 31, 2013

About NSMVX

The North Star Micro Cap Fund Class I is a mutual fund focused on capital appreciation by investing primarily in U.S. micro-cap companies—those with market capitalizations under $1 billion. This fund targets the small-cap value segment, and its portfolio typically features a concentrated selection of high-conviction holdings, with one of the lowest median market caps among U.S. mutual funds. The fund’s investment approach emphasizes the discovery of lesser-known businesses, often overlooked due to their size, liquidity, or lack of research coverage. Portfolio managers seek companies demonstrating strong or improving balance sheets and the potential for substantial free cash flow generation. At least 80% of its assets are consistently allocated to micro-cap equities, cutting across sectors such as consumer cyclicals, basic materials, industrials, and consumer defensives. Launched in 1997, the fund has established a long-standing presence in the micro-cap segment, serving institutional investors with an initial minimum investment threshold. Its role in the financial market is to offer exposure to the unique growth and value opportunities found among smaller U.S. companies, contributing diversification and potential for above-average returns over market cycles.

• Fund Family: North Star
• Category: Small Blend
• Performance Rating: Below Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: NSMVX
• Share Class: Class I Shares
• Index: Index is not available on Lipper Database

Performance

NSMVX had a total return of 15.22% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.88%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
NSMYX	Class R Shares	1.64%

Top 10 Holdings

23.00% of assets

Name	Symbol	Weight
Lindblad Expeditions Holdings, Inc.	LIND	2.77%
Green Brick Partners, Inc.	GRBK	2.67%
First American Treasury Obligs X	FXFXX	2.50%
Blue Bird Corporation	BLBD	2.44%
CECO Environmental Corp.	CECO	2.16%
Barrett Business Services, Inc.	BBSI	2.16%
Liquidity Services, Inc.	LQDT	2.12%
Healthcare Services Group, Inc.	HCSG	2.09%
Q.E.P. Co Inc	QEPC	2.06%
Escalade, Incorporated	ESCA	2.03%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 8, 2025	$1.4814	Dec 9, 2025
Sep 29, 2025	$0.002	Sep 30, 2025
Dec 9, 2024	$1.2451	Dec 10, 2024
Dec 7, 2023	$0.2696	Dec 8, 2023
Dec 8, 2022	$0.0809	Dec 9, 2022
Dec 9, 2021	$1.3544	Dec 10, 2021

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:

Aug 27, 2026

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