North Star Bond Fund Offers Potential for Monthly Income in a Low-Interest-Rate Environment

Gemini Fund Services Helps North Star Investment Management Bring Fixed-Income Mutual Fund Focused on Smaller, Underfollowed Companies to Market

News provided by

Gemini Fund Services, LLC

Dec 16, 2014, 09:08 ET

HAUPPAUGE, N.Y., Dec. 16, 2014 /PRNewswire/ --

North Star Bond Fund (Ticker: NSBDX) seeks to generate income and preserve capital by investing in a diversified portfolio of bonds and preferred stocks, primarily from companies with market capitalizations below $2.5 billion.
The Fund's portfolio managers believe the lower part of the market-cap spectrum includes many unexplored investment opportunities.
Gemini Fund provides administration, transfer agent, accounting and custody services, allowing North Star to spend more time managing the Fund and raising assets.

North Star Investment Management Corp. has partnered with Gemini Fund Services, LLC (Gemini Fund) to launch a new mutual fund, the North Star Bond Fund (Ticker: NSBDX). The Fund seeks to provide investors with monthly income by investing in a diversified portfolio of bonds issued by smaller companies. A full prospectus for the Fund is available at http://www.nsinvestfunds.com.

The Fund normally invests at least 80 percent of its assets in debt securities of any maturity, duration or quality in an attempt to generate income and preserve capital. Most of the bonds in its portfolio have been issued by companies with market capitalizations valued below $2.5 billion—an area of the market which the Fund's portfolio managers believe includes many underfollowed companies. Nevertheless, North Star's Micro to Macro^™ strategy gives the portfolio managers, who have 100 years of combined investment experience, the flexibility to invest in companies of any market capitalization. The Fund may also invest up to 20 percent of its assets in preferred stocks and other equity securities.

"We are proud to help North Star Investment Management deliver this potential income-producing strategy to retail investors during the ongoing low-interest-rate environment," said Andrew Rogers, Chief Executive Officer of Gemini Fund. "As North Star's dedicated strategic partner, we look forward to utilizing our expertise, technology and distribution relationships to grow the Fund's assets."

The Fund was brought to market through Northern Lights Fund Trust II, one of the shared mutual fund trust platforms operated by Gemini Fund. Gemini provides the Fund with administration, transfer agent, accounting and custody services, allowing North Star to spend more time managing the Fund and raising assets. Gemini is also working closely with the Fund's board of directors to ensure all compliance standards are met. In addition, Northern Lights Distributors, LLC (NLD), a sister firm to Gemini Fund, is facilitating introductions to broker-dealers for the Fund and assisting with key accounts activities. North Star has been a Gemini client since December 2011.

"Finding meaningful yields can be a challenge when interest rates remain low, but our new Fund attempts to remedy this situation by creating a diversified portfolio of bonds and preferred stocks from smaller companies, which we believe is a distinct focus among fixed-income funds," said Sheldon Goodman, Portfolio Manager at North Star and one of the Fund's portfolio managers.

"Our partnership with Gemini Fund enables us to assist yield-seeking investors while devoting more time to selecting the most promising securities for the Fund's portfolio," said Eric Kuby, Chief Investment Officer of North Star and one of the Fund's portfolio managers.

About Gemini Fund Services, LLC

Gemini Fund Services, LLC (www.geminifund.com) provides comprehensive, pooled investment solutions as an engaged partner to independent advisors. Gemini serves as a strategic partner and resource to advisors that want to bring their own, unique investment vehicles to market, including mutual funds, exchange-traded funds, funds on insurance platforms and more. As a full-service firm, Gemini provides the administration, accounting and technology that advisors need in order to launch and market successful products. With over 30 years of experience creating and servicing funds, Gemini brings years of industry knowledge and insight to help advisors achieve the vision of their product and deliver the most extensive range of solutions to clients.

About North Star Investment Management Corp.

North Star Investment Management Corporation (www.nsinvest.com) is a Chicago-based investment management firm serving individual investors and pooled accounts since 2003. The firm currently manages over $800 million in client assets in equity, fixed income, balanced and specialty strategies. North Star advises four mutual funds: The North Star Opportunity Fund, the North Star Micro Cap Fund, the North Star Dividend Fund and the North Star Bond Fund.

Investors should carefully consider the investment objectives, risks, charges and expenses of the North Star Funds. This and other important information about each of the Funds are contained in the prospectus, which can be obtained at www.nsinvestfunds.com or by calling (855) 580-0900. The prospectus should be read carefully before investing. The North Star Funds are distributed by Northern Lights Distributors, LLC member FINRA/SIPC. North Star Investment Management Corporation is not affiliated with Northern Lights Distributors, LLC.

Mutual Funds involve risk including the possible loss of principal. The Fund is classified as non-diversified and may be more vulnerable to events affecting a single issuer.

The Fund invests in fixed income securities, the value of your investment in the Fund will fluctuate with changes in interest rates. In general, the price of a fixed income security falls when interest rates rise. The Fund may invest in high yield securities and unrated of similar credit quality (commonly known as "junk bonds") which may be subject to greater levels of credit and liquidity risks. There is a risk that issuers and counterparties will not make payments on securities and other investments held by the Fund, resulting in losses to the Fund.

Investments in lesser-known, small and medium capitalization companies may be more vulnerable than larger, more established organizations. Micro-cap stocks carry additional risks because their earnings and revenues tend to be less predictable.

2520-NLD-12/9/2014

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SOURCE Gemini Fund Services, LLC