---
ticker: "WMSB"
name: "Northern Lights Fund Trust II - Weitz Multisector Bond ETF"
url: "https://etf.net/etf/WMSB"
grade: "C"
score: 53
graded_at: "2026-10-12"
category: "Multi-Sector Bond Income"
category_rank: "10 of 25"
methodology: "https://etf.net/methodology"
---

# WMSB: Northern Lights Fund Trust II - Weitz Multisector Bond ETF

Grade **C**, Score 53 of 100. Rank 10 of 25 in Multi-Sector Bond Income.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 38 | 16 of 25 |
| Mission | 81 | 5 of 14 |
| Risk | 63 | 8 of 20 |
| Tradability | 47 | 16 of 25 |
| Holdings | 47 | 14 of 25 |
| Durability | 17 | 25 of 25 |

## Top holdings

The fund holds 96 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Fn MA5734 | 8.42% |
| 2 | — | Fn FA5775 | 8.16% |
| 3 | — | Fr RQ0118 | 8.04% |
| 4 | — | Fn FA2998 | 4.60% |
| 5 | — | Fr SD8523 | 3.57% |
| 6 | — | Semt 2025-9 A7 | 3.47% |
| 7 | — | Fr RA7357 | 3.05% |
| 8 | — | Pfpt Tl B 1L USD | 2.82% |
| 9 | — | Nesfir 10 08/13/31 | 2.42% |
| 10 | — | Cantag 9 3/4 05/08/31 | 2.26% |
| 11 | — | Fr RA7784 | 1.88% |
| 12 | — | Acr 8 5/8 07/31/31 | 1.84% |
| 13 | — | Nmnl 2025-1A C | 1.80% |
| 14 | — | Fn MA5469 | 1.63% |
| 15 | — | Fn MA5294 | 1.60% |
| 16 | — | Stgw 5 5/8 08/15/29 | 1.43% |
| 17 | — | Fun 8 5/8 01/15/32 | 1.38% |
| 18 | — | Fr SD6985 | 1.38% |
| 19 | — | Fn CB6862 | 1.15% |
| 20 | — | Brsp 2024-FL2 D | 1.12% |
| 21 | — | Uacst 2025-1 E | 1.04% |
| 22 | — | Alrste 7 3/8 10/01/33 | 1.03% |
| 23 | — | Gcpaf 2021-2A A | 1.00% |
| 24 | — | Camb 2021-CX2 D | 0.97% |
| 25 | — | Dpath 2021-1A Dr | 0.94% |
| 26 | — | Chi 2026-FRKLN C | 0.94% |
| 27 | — | Twbrk 2024-1AR Br | 0.94% |
| 28 | — | Pmcc 2026-1A D | 0.93% |
| 29 | — | Tlrd 9 02/01/31 | 0.91% |
| 30 | — | Fn MA6144 | 0.86% |

Source: etf.net, https://etf.net/etf/WMSB. Please cite the page URL.