Morningstar 4-Star Rating on North Star Opportunity Fund out of 348 Aggressive Allocation funds for the 3-year period ending 12/31/2014 based on risk adjusted returns.
North Star Micro Cap & Dividend Funds finish 2014 in top 5% of the Morningstar Small Cap Value category
CHICAGO, Feb. 17, 2015 /PRNewswire/ -- North Star Investment Management Corp. is pleased to announce that the North Star Opportunity Fund (NSOIX) received a Four Star Morningstar Rating of 348 funds in the Aggressive Allocation category for the 3 year period ending December 31, 2014. In addition, the North Star Micro Cap Fund (NSMVX) and North Star Dividend Fund (NSDVX) were both ranked in the top 5% of the 430 funds in Morningstar's Small Cap Value category for the one-year period ending December 31, 2014.
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The North Star Opportunity Fund seeks to achieve long-term capital appreciation by investing in a diversified portfolio of stocks and bonds. North Star's Micro to Macro® investment strategy gives the Fund's portfolio managers the flexibility to invest in securities from companies with any market capitalization as long as they can potentially benefit from the firm's macroeconomic outlook.
"Our Micro to Macro style of investing allows us to provide investors with exposure to a wide spectrum of investment opportunities, from small, undiscovered companies to the world's largest global corporations," said Eric Kuby, Chief Investment Officer of North Star.
The North Star Micro Cap Fund attempts to achieve capital appreciation by investing in companies that have market capitalizations below $500 million and either generate a high level of free cash flow or boast impressive balance sheets. The North Star Dividend Fund seeks to obtain dividend income and capital appreciation by investing in a diversified portfolio of dividend-paying securities issued by companies with market capitalizations under $1 billion.
"We are proud that the North Star Micro Cap and Dividend Funds performed so well in their first year of operation as mutual funds," said Mr. Kuby. "We look forward to continuing to deliver dividend income and capital appreciation through exposure to undiscovered investment opportunities."
About North Star Investment Management Corp.
North Star Investment Management Corporation (www.nsinvest.com) is a Chicago-based investment management firm serving individual investors and pooled accounts since 2003. The firm currently manages over $800 million in client assets in equity, fixed income, balanced and specialty strategies. North Star advises four mutual funds: The North Star Opportunity Fund, the North Star Micro Cap Fund, the North Star Dividend Fund and the North Star Bond Fund.
Morningstar is an independent provider of financial information. Morningstar performance rankings are based on total return without sales charge relative to all share classes of mutual funds with similar objectives and determined by Morningstar. The top 10% of the funds in a rating universe receive five stars, the next 22.5% receive four stars, the next 35% receive three stars, the next 22.5% receive two stars and the bottom 10% receive one star. Past performance or ranking is not indicative of future results. Rankings are only one form of performance measurement. For current performance information, please call toll free 855-580-0900.
Mutual Funds have investment risks including loss of principal. There is no guarantee the fund will meet its objective or that dividends will be paid. In general, the price of a fixed income security falls when interest rates rise. There is a risk that issuers and counterparties will not make payments on securities and other investments held by the Fund, resulting in losses to the Fund. The Fund may invest in high yield securities, also known as "junk bonds." High yield securities provide greater income and opportunity for gain, but entail greater risk of loss of principal. Foreign common stocks and currency strategies will subject the Fund to currency trading risks that include market risk, credit risk and country risk. Municipal securities are subject to credit risk where a municipal security might not make interest and principal payments as they come due. The Advisor follows an investing style that favors value investments. At times when the value investing style is out of favor, the Fund may underperform other funds that use different investing styles. Investments in lesser-known, small and medium capitalization companies may be more vulnerable than larger, more established organizations. As with any investment, there are risks associated with REITs. Investments in lesser-known, small and medium capitalization companies may be more vulnerable than larger, more established organizations. The Advisor does not attempt to keep the portfolio structure or fund performance consistent with any market index. Increased portfolio turnover may result in higher brokerage commissions, and other transaction costs may result in taxable capital gains.
Investors should carefully consider the investment objectives, risks, charges and expenses of the North Star Funds. No-Load Mutual funds are sold without sales charge; however, they have ongoing expenses, such as management fees. This and other important information about each of the Funds are contained in the prospectus, which can be obtained at www.nsinvestfunds.com or by calling (855)580-0900. The prospectus should be read carefully before investing. The North Star Funds are distributed by Northern Lights Distributors, LLC member FINRA.
Contact: Eric Kuby
North Star
312-580-0906
[email protected]
SOURCE North Star Investment Management Corp.
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