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Northern Lights Fund Trust II - Weitz Multisector Bond (WMSB) ETF Holdings & Analysis
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What WMSB does
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.
Fund profile
Top holdings
| Holding | Weight | |
|---|---|---|
| FN MA5734 | 8.49% | |
| FN FA5775 | 8.24% | |
| FR RQ0118 | 8.11% | |
| FN FA2998 | 4.62% | |
| FR SD8523 | 3.60% | |
| SEMT 2025-9 A7 | 3.48% | |
| FR RA7357 | 3.08% | |
| PFPT TL B 1L USD | 2.78% | |
| NESFIR 10 08/13/31 | 2.39% | |
| CANTAG 9 3/4 05/08/31 | 2.23% |
Sector allocation
| Securitized | 71.40% |
| Corporate | 26.58% |
| Cash & Others | 2.02% |
Geographic allocation
| United States | 86.82% |
| Cayman Islands | 5.14% |
| Other | 2.52% |
| Canada | 2.28% |
| Luxembourg | 1.11% |
| Bermuda | 0.91% |
| Ireland | 0.73% |
| Norway | 0.48% |
PortView Portfolio Insights
PortView analyzes how WMSB fits your actual portfolio — position weight, ETF overlap with your other funds, sector and geographic exposure, concentration, and how this fund contributes to your portfolio risk and return. Connect a portfolio to see your personalized figures; PortView never shows another user's private holdings.
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Frequently asked questions
- What does WMSB track?
- WMSB is the Northern Lights Fund Trust II - Weitz Multisector Bond ETF, a Other ETF.
- What is the expense ratio of WMSB?
- Expense ratio data for WMSB is shown on the page when available from our data provider.
- What are the largest holdings in WMSB?
- Top holdings include FN MA5734, FN FA5775, FR RQ0118, FN FA2998, FR SD8523.
- How can PortView analyze WMSB overlap with other ETFs?
- PortView computes the holdings overlap between WMSB and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.
The information provided by PortView is for informational and educational purposes only and does not constitute investment advice. Market data may be delayed. Past performance does not guarantee future results.