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
| ISIN | US66263L7183 |
|---|---|
| CUSIP | 85235B202 |
| Issuer | Stadion Funds |
| Inception Date | Sep 14, 2006 |
| Category | Tactical Allocation |
| Min. Investment | $1,000 |
| Asset Class | Equity |
Expense Ratio
ETFRX has a high expense ratio of 1.86%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: ETFRX vs. SPY, ETFRX vs. EWW
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 5.65% year-to-date (YTD) and 13.43% in the last 12 months. Over the past 10 years, North Square Tactical Defensive Fund had an annualized return of 4.88%, while the S&P 500 had an annualized return of 10.84%, indicating that North Square Tactical Defensive Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 5.65% | 10.00% |
| 1 month | 1.44% | 2.41% |
| 6 months | 10.71% | 16.70% |
| 1 year | 13.43% | 26.85% |
| 5 years (annualized) | 5.09% | 12.81% |
| 10 years (annualized) | 4.88% | 10.84% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.00% | 3.85% | 2.49% | -3.05% | 5.65% | ||||||||
| 2023 | 2.10% | -2.99% | -0.83% | 0.32% | -0.58% | 3.83% | 3.44% | -2.66% | -2.05% | -0.57% | 1.78% | 4.07% | 5.65% |
| 2022 | -4.66% | -0.92% | 1.05% | -1.89% | -0.14% | -3.17% | 3.86% | -2.11% | -0.32% | 0.13% | 1.84% | -1.99% | -8.28% |
| 2021 | 1.72% | 0.33% | 0.84% | 2.76% | 0.06% | 2.43% | 1.42% | 1.58% | -4.05% | 4.07% | -0.53% | 2.33% | 13.49% |
| 2020 | -0.28% | -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% | 1.42% | -1.01% | 2.47% | 2.31% | 2.41% | 0.50% | 15.26% |
| 2016 | 0.19% | -0.56% | 3.17% | -0.91% | 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% | -1.74% | -9.82% |
| 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% |
| 2013 | 4.23% | -0.09% | 3.62% | 1.02% | 1.18% | -2.58% | 3.86% | -2.64% | 1.36% | 2.26% | 1.06% | 1.58% | 15.62% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ETFRX is 64, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
ETFRX (North Square Tactical Defensive Fund)
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 granted a 0.00% dividend yield in the last twelve months. The annual payout for that period amounted to $0.00 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.30 | $0.00 | $0.32 | $0.00 | $0.80 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.38% | 0.00% | 2.25% | 0.00% | 3.02% | 0.00% | 6.75% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2013 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.78 | $0.80 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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 0.79%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -39.18% | Nov 1, 2007 | 339 | Mar 9, 2009 | 491 | Feb 16, 2011 | 830 |
| -21.3% | Feb 20, 2020 | 23 | Mar 23, 2020 | 201 | Jan 7, 2021 | 224 |
| -16.22% | Feb 22, 2011 | 193 | Nov 23, 2011 | 335 | Mar 28, 2013 | 528 |
| -12.61% | Dec 30, 2014 | 376 | Jun 27, 2016 | 146 | Jan 25, 2017 | 522 |
| -12.17% | Nov 19, 2021 | 330 | Mar 15, 2023 | 236 | Feb 22, 2024 | 566 |
Volatility
Volatility Chart
The current North Square Tactical Defensive Fund volatility is 1.57%, 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.