Morningstar Upgrades North Star Opportunity Fund To 5-Star Rating
Fund receives highest rating for aggressive allocation portfolios
Apr 21, 2015, 09:08 ET
CHICAGO, April 21, 2015 /PRNewswire/ -- North Star Investment Management Corp. announces that the firm's North Star Opportunity Fund Class I (NSOIX) has earned Morningstar's top five-star rating for the 3 year period ending February 28, 2015 out of 349 funds in the aggressive allocation category for risk adjusted returns.
Rated against 349 funds in Morningstar's Aggressive Allocation category, NSOIX is ranked in the top 6% amongst these funds for the three year period ending March 31, 2015 for total returns. The high-level designation highlights the Fund's dedication to achieving long-term capital appreciation by investing in a diversified portfolio of stocks and bonds using North Star's Micro to Macro® investment strategy. This investment approach gives the Fund's portfolio managers the flexibility to invest in securities of companies with any market capitalization as long as they can potentially benefit investors.
"Our Micro to Macro style gives us several options to capitalize on various market opportunities and we are pleased that Morningstar has recognized the Fund with its top rating for aggressive allocation funds," said Eric Kuby, Chief Investment Officer of North Star. "We conduct exhaustive research and strive to reach maximum capital appreciation over the long term by investing in companies of all sizes - from small, undiscovered firms to large, complex corporations."
The Fund, with over $77 million under management, has an annual return of 13.09 percent for the three-year period ending March 31, 2015.
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.
North Star Investment Management Corp. is not affiliated with Northern Lights Distributors, LLC.
Contact:
Eric Kuby
North Star
312-580-0906
[email protected]
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SOURCE North Star Investment Management Corp.