Dynamic U.S. Opportunity Fund - Class N
ICSNX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Northern Lights Fund Trust II(Innealta) DE United States of America
- IPO Date
- Jan 3, 2012
- CIK
- 0001518042
- Similar Companies
- Business
- Dynamic U.S. Opportunity Fund - Class N (ICSNX) is an actively managed open-end mutual fund that seeks capital appreciation by investing primarily in equity exchange-traded funds (ETFs) providing exposure to domestic U.S. equity markets. The fund employs a proprietary quantitative framework to evaluate risk/reward characteristics across segments defined by the Global Industry Classification Standard (GICS), including the 11 major sectors such as technology, financial services, communication services, healthcare, consumer cyclical, consumer defensive, industrials, real estate, energy, and others; top holdings typically include State Street sector-specific SPDR ETFs like Technology Select Sector SPDR Fund, Financial Select Sector SPDR Fund, Communication Services Select Sector SPDR Fund, and Industrial Select Sector SPDR Fund, alongside others such as iShares Russell Mid-Cap Growth ETF and SPDR Portfolio S&P 500 Value ETF. It may also invest directly in derivative instruments including futures contracts and options, with a portfolio allocation heavily weighted toward U.S. stocks (approximately 94-95%), cash (around 4%), and minor non-U.S. stock exposure. A series of Northern Lights Fund Trust II, the fund operates within the tactical allocation category and targets investors seeking dynamic sector rotation strategies benchmarked against the S&P 500 Total Return Index. Launched on December 30, 2011, with Class N shares under the original name Innealta Capital Sector Rotation Fund, it was rebranded to Dynamic U.S. Opportunity Fund around 2017; the fund is advised by Innealta Capital, LLC, founded in 2017 and headquartered at 13215 Bee Cave Parkway, Building A, Suite 240, Austin, Texas, with portfolio managers including Vito Sciaraffia (since October 2015), Yuxing Zhang (since March 2021), and Franco Fava (since March 2021). The fund is available to U.S. investors through platforms including Schwab, Fidelity, and others, with a net expense ratio of approximately 1.61%, minimum initial investment of $5,000 for Class N shares, and total net assets around $100-107 million as of late 2025. No major partnerships, acquisitions, funding rounds, new product launches, or significant strategic shifts have been reported for the fund or its adviser in the last 1-2 years; it continues to focus on its core quantitative sector rotation approach amid ongoing portfolio adjustments to reflect market conditions.