# Northern Lights Fund Trust II - Weitz Multisector Bond ETF (WMSB): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/wmsb for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Weitz · Asset class: Equity - Strategy: Actively Managed · Inception: 2025-11-04 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 cons... ## Key Facts | Metric | Value | |---|---| | Price | $24.54 | | Expense Ratio | 0.65% | | Assets Under Management | $26.9M | | NAV | $24.48 | | Holdings Count | 96 | | Distribution Yield (TTM) | 4.46% | | Annual Distribution (TTM) | $1.10 /share | | Distribution Frequency | Monthly | | 52-Week Range | $24.11 – $25.52 | | Beta | 0.10 | ## Latest Distribution - Amount: $0.1142 /share - Ex-date: 2026-09-29 - Pay date: 2026-10-01 ## Frequently Asked Questions ### What does WMSB invest in? 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. ### What is the expense ratio of WMSB? Northern Lights Fund Trust II - Weitz Multisector Bond ETF (WMSB) charges an expense ratio of 0.65%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is WMSB? Northern Lights Fund Trust II - Weitz Multisector Bond ETF (WMSB) manages $26.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is WMSB actively managed or an index fund? WMSB is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (WMSB's is 0.65%) in exchange for the discretion to over- or under-weight positions. ### When was WMSB launched? Northern Lights Fund Trust II - Weitz Multisector Bond ETF (WMSB) launched in November 2025 and is managed by Weitz. ### How has WMSB performed? WMSB's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does WMSB pay a dividend? Northern Lights Fund Trust II - Weitz Multisector Bond ETF (WMSB) currently distributes little or no income. Trailing-twelve-month yield is 4.46%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does WMSB pay dividends? Northern Lights Fund Trust II - Weitz Multisector Bond ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is WMSB's dividend yield? WMSB's trailing-twelve-month yield is 4.46%, calculated from the sum of dividends over the past year divided by the current price. ### When is WMSB's next ex-dividend date? The most recently announced ex-dividend date for WMSB was 2026-09-29. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will WMSB's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.65% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does WMSB charge its expense ratio? The expense ratio is deducted in tiny daily slices from WMSB's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does WMSB cost more than a fund like VOO? WMSB is actively managed (current expense ratio 0.65%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether WMSB's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to WMSB? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as WMSB (0.65%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/wmsb - Distribution history: https://www.dividenddata.com/funds/wmsb/dividend - Holdings & diversification: https://www.dividenddata.com/funds/wmsb/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/wmsb/expenses - Peer comparison: https://www.dividenddata.com/funds/wmsb/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.