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WMSB

GradeCNew York Stock Exchange Arca

Northern Lights Fund Trust II - Weitz Multisector Bond ETF

Specialty Bonds · Weitz · Inception 2025-11-04

$24.65+0.00 (+0.00%)

As of Sep 23, 2026, 9:46 AM EDT

Market opens at 9:30 AM ET.History starts Nov 5, 2025.History starts Nov 5, 2025.
Intraday session: up, 8 prints from 24.58 to 24.65. Range 24.58 to 24.68. Use the arrow keys to read each point.$24.60$24.68Sep 17Sep 18Sep 21Sep 22Sep 23
Expense ratio
0.65%
Fund size
$27M
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
96
Volume · 30D
0M sh
NAV per share
$24.65
52W range
low $24.57high $25.52

The ETF.net WMSB Grade

C

51/ 100

Rank 12 of 25 in Multi-Sector Bond Income⁠

Confidence High

Six-pillar profile for WMSB. Scores out of 100: Cost 38, Risk 61, Mission 79, Tradability 38, Holdings 43, Durability 18. Strongest: Mission (79). Weakest: Durability (18). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 51 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 38
    Category rank16/25 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 79
    Category rank5/14 · top 36%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 61
    Category rank8/20 · top 40%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 38
    Category rank17/25 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 43
    Category rank16/25 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    FScore 18
    Category rank25/25 · bottom quartile

Graded as of Sep 22, 2026

WMSB Holdings

As of Sep 20, 2026, 9:07 AM
Asset class
Stocks
Holdings
96
Top-10 weight
48%
Largest holding
FN MA57348.5%

Sectors

  • Securitized74.2%
  • Corporate25.8%

Geography

  • United States80.60%
  • Canada11.45%
  • Luxembourg5.15%
  • Ireland1.85%
  • Bermuda0.95%
The fund’s holdings, weight-ordered — page 1 of 7.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—FN MA57348.51%2,431,188$2M3
002—FN FA57758.25%2,412,274$2M1
003—FR RQ01188.13%2,323,360$2M9
004—FN FA29985.41%1,503,337$1M2
005—FR SD85233.60%1,030,138$975K4
006—SEMT 2025-9 A73.51%1,000,000$950K1
007—FR RA73573.11%904,731$841K4
008—PFPT TL B 1L USD2.78%750,000$752K7
009—NESFIR 10 08/13/312.37%625,000$641K2
010—CANTAG 9 3/4 05/08/312.25%625,000$609K2
011—FR RA77841.90%553,176$514K1
012—ACR 8 5/8 07/31/311.82%500,000$493K3
013—NMNL 2025-1A C1.79%500,000$484K1
014—FN MA54691.64%466,489$444K1
015—FN MA52941.62%461,512$439K3

Showing 1–15 of 95 holdings

WMSB Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

WMSB$10,100
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. WMSB $10,100. SPY $11,430. Use the arrow keys to read each point.$9,119$10,381$11,642Dec 2025May 2026Sep 2026

Dec 31, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for WMSB. Periods over one year show the average yearly return.
PeriodWMSB
Year to date+1.0%
1 month−0.8%
3 months−0.6%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for WMSB
YearReturn barWMSB
2026 YTD+1.0%
2025+1.7%

History from Nov 5, 2025

WMSB in the news

ETF.net Research hasn’t filed on WMSB yet — coverage lands here as it’s written.

WMSB Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.09 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 10 payments from 2025 to 2026 YTD. Nov 26, 2025 $0.03; Dec 12, 2025 $0.14; Jan 29, 2026 $0.11; Feb 26, 2026 $0.12; Mar 30, 2026 $0.11; Apr 29, 2026 $0.10; May 28, 2026 $0.11; Jun 29, 2026 $0.12; Jul 30, 2026 $0.08; Aug 28, 2026 $0.09. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Aug 28, 2026Sep 1, 2026$0.09
Jul 30, 2026Aug 3, 2026$0.08
Jun 29, 2026Jul 1, 2026$0.12
May 28, 2026Jun 1, 2026$0.11
Apr 29, 2026May 1, 2026$0.10
Mar 30, 2026Apr 1, 2026$0.11
Feb 26, 2026Mar 2, 2026$0.12
Jan 29, 2026Feb 2, 2026$0.11
Dec 12, 2025Dec 16, 2025$0.14
Nov 26, 2025Dec 1, 2025$0.03

WMSB Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Nov 2025; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Nov 2025; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Nov 2025; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.10
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

WMSB Cost

Expense ratio0.65%
  • The middle half of Multi-Sector Bond Income funds
  • Median 0.55%

13 of the 23 Multi-Sector Bond Income funds charge less.

WMSB costs $65.00 a year on $10,000. The median Multi-Sector Bond Income fund costs $55.00.