NYSE Arca · ETF
Invest in WMSB ETF from India
Indian and foreign residents can buy Northern Lights Fund Trust II - Weitz Multisector Bond ETF (WMSB) units directly through Paasa.
By Paasa · Updated
WMSB at a glance
- Price
- $24.11-$0.21 (0.86%)
- Expense ratio
- 0.65%
- Day range
- $24.11 – $24.20
- Assets
- $26.7M
- Domicile
- the US
- Holdings
- 96
- Launched
- 2025
- Dividends
- Distributing
- 1 month
- -3.13%
- 6 months
- -3.17%
- YTD
- -4.51%
- 1 year
- —
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1FN MA57348.5%
- 2FN FA57758.2%
- 3FR RQ01188.1%
- 4FN FA29985.4%
- 5FR SD85233.6%
- 6SEMT 2025-9 A73.5%
- 7FR RA73573.1%
- 8PFPT TL B 1L USD2.8%
- 9NESFIR 10 08/13/312.4%
- 10CANTAG 9 3/4 05/08/312.2%
WMSB holds 96 securities in total. These 10 are 47.8% of the fund.
Where the money is invested
Sectors
- Securitized73.1%
- Corporate25.8%
Countries
- Other79.7%
- United States16.1%
- Canada2.3%
- Luxembourg1.0%
- Ireland0.7%
- Bermuda0.2%
How to invest in WMSB from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Step 3
Search WMSB and buy
Find the fund by its ticker, WMSB, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in WMSB from India
What WMSB holds
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.
Hold a dollar asset
WMSB is priced in US dollars, so a weaker rupee adds to what it's worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
Buy a fraction of a unit
Buy by amount, not by unit, and get the matching fraction of one WMSB unit. There is no minimum trade size.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Planning to hold more than $60,000 in US ETFs? Here's what US estate tax means for you.
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family.
A UCITS ETF tracking a similar market sits outside US estate tax.
Frequently asked questions
Can I buy WMSB from India?
Yes. Indian residents can buy Northern Lights Fund Trust II - Weitz Multisector Bond ETF (WMSB) through Paasa. It is listed on NYSE Arca and trades in US dollars. Your money leaves India under the RBI's Liberalised Remittance Scheme, and the units are held in your own name at Interactive Brokers.
What does WMSB invest in?
Northern Lights Fund Trust II - Weitz Multisector Bond ETF holds 96 securities. Its largest holdings are FN MA5734 (8.5%), FN FA5775 (8.2%) and FR RQ0118 (8.1%). Securitized is its largest sector at 73.1%. It is a distributing fund domiciled in the US.
What is the expense ratio of WMSB?
Northern Lights Fund Trust II - Weitz Multisector Bond ETF has an expense ratio of 0.65% a year, taken from the fund's assets rather than billed to you. The fund manages about $26.7M.
How are WMSB dividends taxed in India?
Northern Lights Fund Trust II - Weitz Multisector Bond ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell WMSB?
The US does not levy capital gains tax on shares for Indian residents. Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling. The gain is worked out in rupees at the USD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.
Can I buy a fraction of one WMSB unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $24.11, and there is no minimum trade size.
What happens to my WMSB units if I pass away?
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family. A UCITS ETF tracking a similar market sits outside US estate tax. Paasa's US estate tax calculator shows the exposure for a given portfolio value.