WMSB Northern Lights Fund Trust II - Weitz Multisector Bond ETF
Quote as of Oct 23, 2026 14:00 UTC · Quotes are refreshed hourly from the data provider, so during market hours a price can be up to about 1–2 hours old; each quote shows its own timestamp.
| Previous Close | 24.43 | Day Range | 24.34 – 24.45 |
| 52-Week Range | 24.11 – 25.52 | Volume | 7 |
| Avg Volume | 6.10K | AUM | $26.9M (Oct 26, 2026) |
| Expense Ratio | 0.65% | Yield (TTM) | 4.58% |
| NAV | 24.44 | Premium/Discount | +0.04% indicative |
| Inception | Nov 04, 2025 | Holdings | 96 |
| Issuer | Weitz | Exchange | AMEX |
| Category | Bonds | Index Tracked | Not stated in source data |
| CUSIP | 664925807 | ISIN | US6649258075 |
| Management | Not stated in source data | ||
About this ETF
WMSB allocates across multiple fixed income sectors, including corporate bonds, structured credit, government securities, and loan markets, with the ability to adjust these exposures as market conditions change. The portfolio can hold both investment-grade and below investment-grade debt, and its allocation to high yield may vary meaningfully over time depending on the opportunity set. The fund may also use derivatives such as credit default swaps and interest rate futures to manage credit risk, interest rate sensitivity, or to efficiently establish or reduce exposures. Maturity is not constrained, giving the managers the flexibility to lengthen or shorten the portfolios interest rate profile. In periods of limited opportunity or heightened uncertainty, the fund may temporarily allocate more to cash or higher-quality debt. WMSB is non-diversified, which allows concentration in select issuers when the managers have higher conviction in their credit or relative value assessment.
Description from the fund data provider · profile as of Oct 26, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | -0.12% | -1.85% | -3.09% | -3.09% | — | — | — | — | -2.12% |
| Total return | +0.33% | -0.69% | -0.69% | +0.66% | — | — | — | — | +2.30% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Oct 23, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 0.65% | Annual cost of a $10,000 investment | $65.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings list retrieved Oct 23, 2026 · The data provider's latest disclosed portfolio for this fund. Issuers publish holdings daily or monthly, so the portfolio date can be earlier; holdings are not live positions. 94 holdings stored, 25 shown.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | FN MA5734 | — | 8.50% | 2.41M | $2.3M |
| 2 | FN FA5775 | — | 8.25% | 2.40M | $2.2M |
| 3 | FR RQ0118 | — | 8.12% | 2.31M | $2.2M |
| 4 | FN FA2998 | — | 4.63% | 1.28M | $1.2M |
| 5 | FR SD8523 | — | 3.61% | 1.02M | $971.1K |
| 6 | SEMT 2025-9 A7 | — | 3.49% | 1.00M | $939.3K |
| 7 | FR RA7357 | — | 3.09% | 893.87K | $831.1K |
| 8 | PFPT TL B 1L USD | — | 2.78% | 750.00K | $749.0K |
| 9 | NESFIR 10 08/13/31 | — | 2.40% | 625.00K | $646.3K |
| 10 | CANTAG 9 3/4 05/08/31 | — | 2.21% | 625.00K | $593.7K |
| 11 | FR RA7784 | — | 1.91% | 552.12K | $513.2K |
| 12 | ACR 8 5/8 07/31/31 | — | 1.83% | 500.00K | $492.3K |
| 13 | NMNL 2025-1A C | — | 1.79% | 500.00K | $482.0K |
| 14 | FN MA5469 | — | 1.64% | 464.02K | $442.3K |
| 15 | FN MA5294 | — | 1.62% | 457.83K | $435.8K |
| 16 | BBH SWEEP VEHICLE | — | 1.56% | 419.98K | $420.0K |
| 17 | STGW 5 5/8 08/15/29 | — | 1.43% | 398.00K | $386.3K |
| 18 | FR SD6985 | — | 1.39% | 394.24K | $374.3K |
| 19 | Receivables/Payables | — | 1.23% | 331.55K | $331.5K |
| 20 | FN CB6862 | — | 1.17% | 328.91K | $314.4K |
| 21 | FUN 8 5/8 01/15/32 | — | 1.15% | 400.00K | $310.6K |
| 22 | UACST 2025-1 E | — | 1.04% | 300.00K | $279.0K |
| 23 | ALRSTE 7 3/8 10/01/33 | — | 1.02% | 275.00K | $275.2K |
| 24 | CAMB 2021-CX2 D | — | 0.97% | 355.00K | $259.9K |
| 25 | DPATH 2021-1A DR | — | 0.94% | 250.00K | $252.3K |
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Sector Exposure
Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.
Distributions
| Yield (TTM) | 4.58% | Paid (last 12 months) | $1.1203 |
| Frequency | Monthly | SEC yield | Not provided by our data source; see the issuer page |
| Last ex-date | Sep 29, 2026 | Last payment | $0.1142 (Oct 01, 2026) |
| Growth 1Y | — | Growth 3Y / 5Y (ann.) | — / — |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Sep 29, 2026 | Sep 29, 2026 | Oct 01, 2026 | $0.1142 |
| Aug 28, 2026 | Aug 28, 2026 | Sep 01, 2026 | $0.0945 |
| Jul 30, 2026 | Jul 30, 2026 | Aug 03, 2026 | $0.0823 |
| Jun 29, 2026 | Jun 29, 2026 | Jul 01, 2026 | $0.1178 |
| May 28, 2026 | May 28, 2026 | Jun 01, 2026 | $0.1076 |
| Apr 29, 2026 | Apr 29, 2026 | May 01, 2026 | $0.1022 |
| Mar 30, 2026 | Mar 30, 2026 | Apr 01, 2026 | $0.1127 |
| Feb 26, 2026 | Feb 26, 2026 | Mar 02, 2026 | $0.1206 |
| Jan 29, 2026 | Jan 29, 2026 | Feb 02, 2026 | $0.1060 |
| Dec 12, 2025 | Dec 12, 2025 | Dec 16, 2025 | $0.1373 |
| Nov 26, 2025 | Nov 26, 2025 | Dec 01, 2025 | $0.0251 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 2.96% / — | Sharpe 1Y / 3Y | -0.556 / — |
| Max drawdown 1Y / 3Y | -2.74% / — | Sortino 1Y | -0.78 |
| Beta vs S&P 500 (3Y) | 0.0977 | Correlation vs S&P 500 (1Y) | 0.541 |
| Downside deviation 1Y | 2.11% | Risk-free rate used | 4.04% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Oct 26, 2026. Formulas →
Liquidity
| Volume today | 7 | Average volume | 6.10K |
| AUM | $26.9M | Premium/Discount | +0.04% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV: an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Week | -$33.1K | -0.12% | $26.8M → $26.9M |
| 1 Month | $33.1K | +0.12% | $26.8M → $26.9M |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source; review them before investing.
Latest News for WMSB
No articles mention this fund directly in the last 7 days; showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.