v3.25.2
Fees and Expenses
Jul. 31, 2025
USD ($)
Hodges Fund  
Prospectus [Line Items]  
Expense Heading [Optional Text] Fees and Expenses of the Hodges Fund.
Expense Narrative [Text Block]

This table describes the fees and expenses that you may pay if you buy, hold and sell shares of the Hodges Fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the table and example below.

 

Shareholder Fees Caption [Optional Text] Shareholder Fees (fees paid directly from your investment)
Shareholder Fees [Table]
Shareholder Fees
(fees paid directly from your investment)
Retail Class
Shares
Maximum Sales Charge (Load) Imposed on Purchases
(as a percentage of offering price)
None
Maximum Deferred Sales Charge (Load) None
Redemption Fee
(as a percentage of amount redeemed within 30 days of purchase)
1.00%
Operating Expenses Caption [Optional Text] Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses [Table]
Annual Fund Operating Expenses
(expenses that you pay each year as a percentage of the value of your investment)
Retail Class
Shares
Management Fees 0.85%
Distribution and Service (Rule 12b-1) Fees 0.25%
Other Expenses 0.13%
Total Annual Fund Operating Expenses 1.23%
Fee Waiver and/or Expense Reimbursement(1) (0.05)%
Net Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 1.18%

 

(1)Hodges Capital Management, Inc. (the “Adviser”) has contractually agreed to reduce its fees and pay the Hodges Fund’s expenses (excluding taxes, interest expenses, interest on short positions, portfolio transaction expenses, acquired fund fees and expenses, extraordinary expenses, Rule 12b-1 fees, shareholder servicing fees and any other class specific expenses) in order to limit Net Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement for the Hodges Fund to 0.93% of the Hodges Fund’s average net assets (the “Hodges Fund Expense Cap”). The Hodges Fund Expense Cap will remain in effect until July 31, 2026. The agreement may be terminated at any time by the NLFT II Board upon 60 days’ written notice to the Adviser, or by the Adviser with the consent of the NLFT II Board. The Adviser is permitted, with NLFT II Board approval, to receive reimbursement from the Hodges Fund for fees it waived and Fund expenses it paid, subject to the limitation that (1) the reimbursement for fees and expenses will be made only if payable within three years from the date the fees and expenses were initially waived or reimbursed and (2) the reimbursement may not be made if it would cause the expense limitation in effect at the time of the waiver or currently in effect, whichever is lower, to be exceeded.

 

Expense Example [Heading] Example.
Expense Example Narrative [Text Block]

This Example is intended to help you compare the cost of investing in the Hodges Fund with the cost of investing in other mutual funds.

Expense Example by, Year, Caption [Text] The Example assumes that you invest $10,000 in the Hodges Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Hodges Fund’s operating expenses remain the same and takes into account the effect of the Operating Expenses Limitation Agreement through July 31, 2026. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:
Expense Example, With Redemption [Table]
  One Year Three Years Five Years Ten Years
Retail Class $120 $385 $671 $1,484

 

Portfolio Turnover [Heading] Portfolio Turnover.
Portfolio Turnover [Text Block]

The Hodges Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Hodges Fund shares are held in a taxable account. These costs, which are not reflected in Total Annual Fund Operating Expenses or in the Example, affect the Hodges Fund’s performance. For the fiscal year ended March 31, 2025, the Hodges Fund’s portfolio turnover rate was 94% of the average value of its portfolio.

Portfolio Turnover, Rate 94.00%
Hodges Small Cap Fund  
Prospectus [Line Items]  
Expense Heading [Optional Text] Fees and Expenses of the Small Cap Growth Fund.
Expense Narrative [Text Block]

This table describes the fees and expenses that you may pay if you buy and hold shares of the Small Cap Growth Fund. You may qualify for sales charge discounts on Class A shares if you invest, or agree to invest in the future, at least $100,000 in the Small Cap Growth Fund. More information about these and other discounts is available from your financial profession and under “Shareholder Information - More About Class A Shares” beginning on page 39 of this Prospectus.

 

Expense Breakpoint Discounts [Text] You may qualify for sales charge discounts on Class A shares if you invest, or agree to invest in the future, at least $100,000 in the Small Cap Growth Fund.
Expense Breakpoint, Minimum Investment Required [Amount] $ 100,000
Shareholder Fees Caption [Optional Text] Shareholder Fees (fees paid directly from your investment)
Shareholder Fees [Table]
Shareholder Fees
(fees paid directly from your investment)
Retail
Class
Shares
Institutional
Class Shares
Class A
Maximum Sales Charge (Load) Imposed on Purchases
(as a percentage of offering price)
None None 4.50%
Maximum Deferred Sales Charge (Load) None None None
Redemption Fee
(as a percentage of amount redeemed within 30 days of purchase of Retail Class shares and 60 days of purchase for Institutional Class shares)
1.00% 1.00% None
Operating Expenses Caption [Optional Text] Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses [Table]
Annual Fund Operating Expenses
(expenses that you pay each year as a percentage of the value of your investment)
Retail
Class
Shares
Institutional
Class Shares
Class A
Management Fees 0.85% 0.85% 0.85%
Distribution and Service (Rule 12b-1) Fees 0.25% None 0.25%
Other Expenses 0.19% 0.19% 0.19%
Total Annual Fund Operating Expenses 1.29% 1.04% 1.29%
Fee Waiver and/or Expense Reimbursement1 (0.05)% (0.05)% (0.05)%
Net Annual Fund Operating Expenses 1.24% 0.99% 1.24%

 

(1)The Adviser has contractually agreed to reduce its fees and pay the Small Cap Growth Fund’s expenses (excluding taxes, interest expenses, interest on short positions, portfolio transaction expenses, acquired fund fees and expenses, extraordinary expenses, Rule 12b-1 fees, shareholder servicing fees and any other class specific expenses) in order to limit Net Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement for the Small Cap Growth Fund to 0.99%, 0.99% and 0.99% of the Small Cap Growth Fund’s average net assets for Institutional Class, Retail Class, and Class A shares, respectively (the “Small Cap Growth Fund Expense Cap”). The Small Cap Growth Fund Expense Cap will remain in effect until July 31, 2026. The agreement may be terminated at any time by the NLFT II Board upon 60 days’ written notice to the Adviser, or by the Adviser with the consent of the NLFT II Board. The Adviser is permitted, with NLFT II Board approval, to receive reimbursement from the Fund for fees it waived and Fund expenses it paid, subject to the limitation that (1) the reimbursement for fees and expenses will be made only if payable within three years from the date the fees and expenses were initially waived or reimbursed and (2) the reimbursement may not be made if it would cause the expense limitation in effect at the time of the waiver or currently in effect, whichever is lower, to be exceeded.
Expense Example [Heading] Example.
Expense Example Narrative [Text Block]

This Example is intended to help you compare the cost of investing in the Small Cap Growth Fund with the cost of investing in other mutual funds.

Expense Example by, Year, Caption [Text] The Example assumes that you invest $10,000 in the Small Cap Growth Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Small Cap Growth Fund’s operating expenses remain the same, and takes into account the effect of the Operating Expenses Limitation Agreement through July 31, 2026. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:
Expense Example, With Redemption [Table]
  One Year Three Years Five Years Ten Years
Retail Class Shares $126 $404 $703 $1,552
Institutional Class Shares $101 $326 $569  $1,266
Class A Shares $571 $836 $1,121 $1,932

 

Portfolio Turnover [Heading] Portfolio Turnover.
Portfolio Turnover [Text Block]

The Small Cap Growth Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Small Cap Growth Fund’s performance. For the fiscal year ended March 31, 2025, the Small Cap Growth Fund’s portfolio turnover rate was 60% of the average value of its portfolio.

Portfolio Turnover, Rate 60.00%
Hodges Small Intrinsic Value Fund  
Prospectus [Line Items]  
Expense Heading [Optional Text] Fees and Expenses of the Small Intrinsic Value Fund.
Expense Narrative [Text Block]

This table describes the fees and expenses that you may pay if you buy, hold and sell shares of the Small Intrinsic Value Fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the table and example below.

 

Shareholder Fees Caption [Optional Text] Shareholder Fees (fees paid directly from your investment)
Shareholder Fees [Table]
Shareholder Fees
(fees paid directly from your investment)
Retail
Class
Shares
Institutional
Class
Shares
Maximum Sales Charge (Load) Imposed on Purchases
(as a percentage of offering price)
None None
Maximum Deferred Sales Charge (Load)
(as a percentage of the original offering price)
None None
Redemption Fee
(as a percentage of amount redeemed within 30 days of purchase of Retail Class shares and 60 days of purchase for Institutional Class shares)
1.00% 1.00%
Operating Expenses Caption [Optional Text] Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses [Table]
Annual Fund Operating Expenses
(expenses that you pay each year as a percentage of the value of your investment)
   
Management Fees 0.85% 0.85%
Distribution and Service (Rule 12b-1) Fees 0.25% None
Other Expenses 0.36% 0.39%
Acquired Fund Fees and Expenses (1) 0.01% 0.01%
Total Annual Fund Operating Expenses 1.47% 1.25%
Fee Waiver and/or Expense Reimbursement(2) (0.20)% (0.26)%
Net Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 1.27% 0.99%

 

(1)This number represents the combined total fees and operating expenses of the Acquired Funds owned by the Small Intrinsic Value Fund and is not a direct expense incurred by the Small Intrinsic Value Fund or deducted from the Small Intrinsic Value Fund assets. Since this number does not represent a direct operating expense of the Small Intrinsic Value Fund, the operating expenses set forth in the Small Intrinsic Value Fund’s financial highlights do not include this figure.

 

(2)The Adviser has contractually agreed to reduce its fees and pay the Small Intrinsic Value Fund’s expenses (excluding taxes, interest expenses, interest on short positions, portfolio transaction expenses, acquired fund fees and expenses, extraordinary expenses, Rule 12b-1 fees, shareholder servicing fees and any other class specific expenses) in order to limit Net Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement for the Small Intrinsic Value Fund to 0.98% and 1.01% of the Small Intrinsic Value Fund’s average net assets for Institutional Class and Retail Class shares, respectively (the “Small Intrinsic Value Fund Expense Cap”). The Small Intrinsic Value Fund Expense Cap will remain in effect until July 31, 2026. The agreement may be terminated at any time by the NLFT II Board upon 60 days’ written notice to the Adviser, or by the Adviser with the consent of the NLFT II Board. The Adviser is permitted, with NLFT II Board approval, to receive reimbursement from the Fund for fees it waived and Fund expenses it paid, subject to the limitation that (1) the reimbursement for fees and expenses will be made only if payable within three years from the date the fees and expenses were initially waived or reimbursed and (2) the reimbursement may not be made if it would cause the expense limitation in effect at the time of the waiver or currently in effect, whichever is lower, to be exceeded.
Expense Example [Heading] Example.
Expense Example Narrative [Text Block]

This Example is intended to help you compare the cost of investing in the Small Intrinsic Value Fund with the cost of investing in other mutual funds.

Expense Example by, Year, Caption [Text] The Example assumes that you invest $10,000 in the Retail Class or $10,000 in the Institutional Class of Small Intrinsic Value Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Small Intrinsic Value Fund’s operating expenses remain the same, and takes into account the effect of the Operating Expenses Limitation Agreement through July 31, 2026. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:
Expense Example, With Redemption [Table]
  One Year Three Years Five Years Ten Years
Retail Class Shares $129 $445 $784 $1,740
Institutional Class Shares $101 $371 $661 $1,488

 

Portfolio Turnover [Heading] Portfolio Turnover.
Portfolio Turnover [Text Block]

The Small Intrinsic Value Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Small Intrinsic Value Fund’s performance. For the fiscal year ended March 31, 2025, the Small Intrinsic Value Fund’s portfolio turnover rate was 49% of the average value of its portfolio.

 

Portfolio Turnover, Rate 49.00%
Hodges Blue Chip Equity Income Fund  
Prospectus [Line Items]  
Expense Heading [Optional Text] Fees and Expenses of the Fund.
Expense Narrative [Text Block]

This table describes the fees and expenses that you may pay if you buy and hold shares of the Blue Chip Equity Income Fund.

 

Shareholder Fees Caption [Optional Text] Shareholder Fees (fees paid directly from your investment)
Shareholder Fees [Table]
Shareholder Fees
(fees paid directly from your investment)
Retail Class
Shares
Maximum Sales Charge (Load) Imposed on Purchases
(as a percentage of offering price)
None
Maximum Deferred Sales Charge (Load) None
Redemption Fee
(as a percentage of amount redeemed within 30 days of purchase)
1.00%
Operating Expenses Caption [Optional Text] Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses [Table]
Annual Fund Operating Expenses
(expenses that you pay each year as a percentage of the value of your investment)
Retail Class
Shares
Management Fees 0.65%
Distribution and Service (Rule 12b-1) Fees 0.25%
Other Expenses 0.42%
Total Annual Fund Operating Expenses 1.32%
Fee Waiver and/or Expense Reimbursement(1) (0.02)%
Net Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 1.30%

 

(1)The Adviser has contractually agreed to reduce its fees and pay the Blue Chip Equity Income Fund’s expenses (excluding taxes, interest expenses, interest on short positions, portfolio transaction expenses, acquired fund fees and expenses, extraordinary expenses, Rule 12b-1 fees, shareholder servicing fees and any other class specific expenses) in order to limit Net Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement for the Blue Chip Equity Income Fund to 1.05% of the Blue Chip Equity Income Fund’s average net assets (the “Blue Chip Equity Income Fund Expense Cap”). The Blue Chip Equity Income Fund Expense Cap will remain in effect until July 31, 2026. The agreement may be terminated at any time by the NLFT II Board upon 60 days’ written notice to the Adviser, or by the Adviser with the consent of the NLFT II Board. The Adviser is permitted, with NLFT II Board approval, to receive reimbursement from the Fund for fees it waived and Fund expenses it paid, subject to the limitation that (1) the reimbursement for fees and expenses will be made only if payable within three years from the date the fees and expenses were initially waived or reimbursed and (2) the reimbursement may not be made if it would cause the expense limitation in effect at the time of the waiver or currently in effect, whichever is lower, to be exceeded.

 

Expense Example [Heading] Example.
Expense Example Narrative [Text Block]

This Example is intended to help you compare the cost of investing in the Blue Chip Equity Income Fund with the cost of investing in other mutual funds.

Expense Example by, Year, Caption [Text] The Example assumes that you invest $10,000 in the Blue Chip Equity Income Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Blue Chip Equity Income Fund’s operating expenses remain the same, and takes into account the effect of the Operating Expenses Limitation Agreement through July 31, 2026. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:
Expense Example, With Redemption [Table]
  One Year Three Years Five Years Ten Years
Retail Class $132 $416 $722 $1,588

 

Portfolio Turnover [Text Block]

Portfolio Turnover. The Blue Chip Equity Income Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Blue Chip Equity Income Fund’s performance. For the fiscal year ended March 31, 2025, the Blue Chip Equity Income Fund’s portfolio turnover rate was 84% of the average value of its portfolio.

Portfolio Turnover, Rate 84.00%