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 higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in North Square Tactical Defensive Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
North Square Tactical Defensive Fund had a return of 3.28% year-to-date (YTD) and 8.29% in the last 12 months. Over the past 10 years, North Square Tactical Defensive Fund had an annualized return of 4.58%, while the S&P 500 had an annualized return of 11.26%, indicating that North Square Tactical Defensive Fund did not perform as well as the benchmark.
ETFRX
3.28%
2.30%
2.85%
8.29%
3.86%
4.58%
^GSPC (Benchmark)
3.96%
1.97%
9.03%
22.16%
12.60%
11.26%
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% | 3.28% | |||||||||||
| 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% | -1.02% | 2.47% | 2.31% | 2.41% | -1.55% | 12.92% |
| 2016 | 0.19% | -0.56% | 3.18% | -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% | -1.04% | 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% | -0.89% | 4.33% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ETFRX is 38, indicating average performance compared to other mutual funds on our website. Here’s 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.
Dividends
Dividend History
North Square Tactical Defensive Fund provided a 0.90% 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.17 | $0.17 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.02 | $0.00 | $0.32 |
Dividend yield | 0.90% | 0.93% | 0.00% | 0.00% | 0.00% | 0.00% | 0.38% | 0.00% | 0.17% | 0.00% | 3.02% |
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 | ||||||||||
| 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 | $0.00 | $0.02 |
| 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 | $0.32 | $0.32 |
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.
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 39.19%, occurring on Mar 9, 2009. Recovery took 491 trading sessions.
The current North Square Tactical Defensive Fund drawdown is 2.12%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -39.19% | 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 |
| -18.82% | Feb 22, 2011 | 220 | Jan 4, 2012 | 456 | Oct 29, 2013 | 676 |
| -14.06% | Dec 27, 2013 | 506 | Dec 30, 2015 | 269 | Jan 25, 2017 | 775 |
| -12.15% | Nov 19, 2021 | 330 | Mar 15, 2023 | 236 | Feb 22, 2024 | 566 |
Volatility
Volatility Chart
The current North Square Tactical Defensive Fund volatility is 3.07%, 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.