North Square Tactical Defensive Fund (ETFRX)
The fund invests primarily in and allocates its investments primarily between fund investments that the Sub-Adviser believes have the potential for capital appreciation and Cash Positions. The "fund investments" include actively managed and index-based ETFs, mutual funds and other investment companies. "Cash Positions" include cash and short-term, highly liquid investments, such as money market instruments, U.S. government obligations, commercial paper, repurchase agreements, and other cash or cash equivalent positions.
Fund Info
US66263L7183
85235B202
Sep 14, 2006
$1,000
Expense Ratio
ETFRX has a high expense ratio of 1.86%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
North Square Tactical Defensive Fund (ETFRX) returned -3.00% year-to-date (YTD) and -1.20% over the past 12 months. Over the past 10 years, ETFRX returned 4.32% annually, underperforming the S&P 500 benchmark at 10.85%.
ETFRX
-3.00%
4.19%
-6.33%
-1.20%
2.56%
6.88%
4.32%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of ETFRX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.36% | -1.23% | -1.64% | -5.46% | 4.19% | -3.00% | |||||||
| 2024 | 0.00% | 3.85% | 2.49% | -3.05% | 2.68% | 2.95% | 0.83% | -1.70% | -0.17% | -1.95% | 5.00% | -3.43% | 7.31% |
| 2023 | 2.09% | -2.98% | -0.85% | 0.32% | -0.58% | 3.83% | 3.44% | -2.66% | -2.05% | -0.57% | 1.78% | 4.07% | 5.63% |
| 2022 | -4.65% | -0.92% | 1.05% | -1.92% | -0.11% | -3.15% | 3.82% | -2.09% | -0.28% | 0.09% | 1.85% | -1.97% | -8.24% |
| 2021 | -0.33% | 2.39% | 0.84% | 2.76% | 0.06% | 2.42% | 1.43% | 1.57% | -4.07% | 4.08% | -0.51% | 2.30% | 13.47% |
| 2020 | -0.27% | -4.83% | -9.78% | -0.88% | 0.57% | 2.50% | 5.50% | 7.08% | -3.62% | -1.88% | 6.55% | 4.42% | 3.99% |
| 2019 | 2.70% | 1.50% | 1.92% | 3.92% | -5.65% | 3.81% | 0.79% | -3.12% | -0.07% | 0.73% | 2.55% | 3.19% | 12.46% |
| 2018 | 5.46% | -5.32% | -2.54% | -1.00% | 2.87% | 0.15% | 2.03% | 1.70% | -0.29% | -4.66% | 0.76% | -1.67% | -2.99% |
| 2017 | 1.18% | 3.16% | -0.08% | 0.73% | 0.88% | 0.40% | 1.43% | -1.01% | 2.47% | 2.31% | 2.41% | 0.50% | 15.26% |
| 2016 | 0.19% | -0.56% | 3.17% | -0.90% | 1.19% | -2.08% | 4.42% | 0.44% | 0.44% | -2.71% | 4.23% | 2.42% | 10.42% |
| 2015 | -4.56% | 4.01% | -0.98% | -0.66% | -0.00% | -2.75% | -0.00% | -1.54% | -1.05% | 0.62% | -1.40% | -1.65% | -9.74% |
| 2014 | -3.14% | 2.98% | -0.85% | -0.52% | 0.95% | 2.48% | -1.59% | 2.88% | -2.06% | 1.43% | 2.82% | -0.78% | 4.44% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ETFRX is 5, meaning it’s performing worse than 95% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for North Square Tactical Defensive Fund (ETFRX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
North Square Tactical Defensive Fund provided a 0.96% dividend yield over the last twelve months, with an annual payout of $0.17 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.17 | $0.17 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.30 | $0.00 | $0.32 | $0.01 |
Dividend yield | 0.96% | 0.93% | 0.00% | 0.00% | 0.00% | 0.00% | 0.38% | 0.00% | 2.25% | 0.00% | 3.02% | 0.11% |
Monthly Dividends
The table displays the monthly dividend distributions for North Square Tactical Defensive 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.17 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.28 | $0.30 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.32 |
| 2014 | $0.01 | $0.01 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the North Square Tactical Defensive Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the North Square Tactical Defensive Fund was 39.18%, occurring on Mar 9, 2009. Recovery took 491 trading sessions.
The current North Square Tactical Defensive Fund drawdown is 8.07%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -39.18% | Nov 1, 2007 | 338 | Mar 9, 2009 | 491 | Feb 16, 2011 | 829 |
| -21.3% | Feb 20, 2020 | 23 | Mar 23, 2020 | 201 | Jan 7, 2021 | 224 |
| -16.22% | Feb 22, 2011 | 193 | Nov 23, 2011 | 334 | Mar 28, 2013 | 527 |
| -13.64% | Dec 30, 2014 | 253 | Dec 30, 2015 | 269 | Jan 25, 2017 | 522 |
| -12.15% | Nov 19, 2021 | 330 | Mar 15, 2023 | 236 | Feb 22, 2024 | 566 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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