North Square Strategic Income Fund (ADVNX)
The fund pursues its investment objectives by primarily investing in preferred securities and other income producing securities, including convertible securities, debt securities, common stocks, derivatives, real estate investment trusts and securities of other investment companies such as closed-end funds and exchange traded funds. Under normal market conditions, it primarily invests in preferred and debt securities.
Fund Info
| ISIN | US66263L7910 |
|---|---|
| CUSIP | 66263L791 |
| Issuer | North Square |
| Inception Date | Dec 30, 2012 |
| Category | Multisector Bonds |
| Minimum Investment | $1,000,000 |
| Asset Class | Bond |
Expense Ratio
The North Square Strategic Income Fund has a high expense ratio of 0.90%, indicating higher-than-average management fees.
Share Price Chart
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Performance
The chart shows the growth of an initial investment of $10,000 in North Square Strategic Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Compare to other instruments
Return
North Square Strategic Income Fund had a return of -0.03% year-to-date (YTD) and 0.94% in the last 12 months. Over the past 10 years, North Square Strategic Income Fund had an annualized return of 3.68%, while the S&P 500 had an annualized return of 9.86%, indicating that North Square Strategic Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | -0.58% | -1.94% |
| 6 months | 1.96% | 8.61% |
| Year-To-Date | -0.03% | 12.52% |
| 1 year | 0.94% | 16.97% |
| 5 years (annualized) | 3.48% | 8.29% |
| 10 years (annualized) | 3.68% | 9.86% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | -2.34% | -1.34% | 0.45% | -0.89% | 0.60% | 2.16% | -0.77% |
Risk-Adjusted Performance
This table presents a comparison of risk-adjusted performance metrics for North Square Strategic Income Fund (ADVNX) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
ADVNX North Square Strategic Income Fund | 0.06 | ||||
^GSPC S&P 500 | 0.81 |
Dividend History
North Square Strategic Income Fund granted a 4.18% dividend yield in the last twelve months. The annual payout for that period amounted to $0.36 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.36 | $0.25 | $0.52 | $0.71 | $0.32 | $0.35 | $0.38 | $0.39 | $0.59 | $0.49 | $0.62 |
Dividend yield | 4.18% | 2.88% | 5.54% | 8.01% | 3.98% | 4.85% | 5.26% | 5.61% | 8.80% | 7.49% | 10.18% |
Monthly Dividends
The table displays the monthly dividend distributions for North Square Strategic Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | ||||
| 2022 | $0.01 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 |
| 2021 | $0.02 | $0.01 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.28 |
| 2020 | $0.02 | $0.05 | $0.01 | $0.02 | $0.02 | $0.03 | $0.02 | $0.01 | $0.02 | $0.00 | $0.03 | $0.49 |
| 2019 | $0.01 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.00 | $0.05 | $0.04 |
| 2018 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.00 | $0.05 | $0.04 |
| 2017 | $0.02 | $0.04 | $0.04 | $0.02 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.05 | $0.05 |
| 2016 | $0.01 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.02 | $0.04 | $0.03 | $0.02 | $0.03 | $0.05 |
| 2015 | $0.02 | $0.05 | $0.03 | $0.03 | $0.04 | $0.05 | $0.02 | $0.03 | $0.04 | $0.02 | $0.04 | $0.21 |
| 2014 | $0.04 | $0.00 | $0.06 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.02 | $0.11 |
| 2013 | $0.02 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.12 |
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below shows the maximum drawdowns of the North Square Strategic Income Fund. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.
The maximum drawdown since January 2010 for the North Square Strategic Income Fund is 11.85%, recorded on Oct 20, 2022. The portfolio has not recovered from it yet.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -11.85% | Jan 3, 2022 | 202 | Oct 20, 2022 | — | — | — |
| -8.28% | Mar 6, 2020 | 12 | Mar 23, 2020 | 25 | Apr 28, 2020 | 37 |
| -7.85% | May 13, 2013 | 69 | Aug 19, 2013 | 171 | Apr 24, 2014 | 240 |
| -4.14% | Nov 6, 2015 | 66 | Feb 11, 2016 | 46 | Apr 19, 2016 | 112 |
| -3.55% | Sep 8, 2016 | 48 | Nov 14, 2016 | 95 | Apr 3, 2017 | 143 |
Volatility Chart
The current North Square Strategic Income Fund volatility is 1.15%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.