North Square McKee Bond Fund (NMKBX)
The fund primarily invests in fixed and floating rate investment grade securities, with a focus on U.S. government agency securities, corporate bonds, mortgages, and other investment grade holdings to minimize credit risk and potential loss of principal.
Fund Info
| Issuer | North Square |
|---|---|
| Inception Date | Dec 27, 2020 |
| Category | Intermediate Core Bond |
| Min. Investment | $5,000,000 |
| Asset Class | Bond |
Expense Ratio
NMKBX has a high expense ratio of 0.28%, 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 McKee Bond 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 McKee Bond Fund had a return of -1.68% year-to-date (YTD) and 0.73% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -1.68% | 7.50% |
| 1 month | -0.56% | -1.61% |
| 6 months | 4.64% | 17.65% |
| 1 year | 0.73% | 26.26% |
| 5 years (annualized) | N/A | 11.73% |
| 10 years (annualized) | N/A | 10.64% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.15% | -1.18% | 1.01% | -2.61% | ||||||||
| 2023 | -1.83% | 4.97% | 3.99% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of NMKBX is 7, indicating that it is in the bottom 7% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
North Square McKee Bond Fund(NMKBX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for North Square McKee Bond Fund (NMKBX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
North Square McKee Bond Fund granted a 3.93% dividend yield in the last twelve months. The annual payout for that period amounted to $0.34 per share.
| Period | TTM | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Dividend | $0.34 | $0.31 | $0.18 | $0.08 |
Dividend yield | 3.93% | 3.54% | 2.12% | 0.78% |
Monthly Dividends
The table displays the monthly dividend distributions for North Square McKee Bond 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.04 | $0.03 | $0.03 | ||||||||
| 2023 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2021 | $0.01 | $0.00 | $0.01 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 |
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 McKee Bond 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 McKee Bond Fund was 14.25%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current North Square McKee Bond Fund drawdown is 7.00%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -14.25% | Aug 4, 2021 | 557 | Oct 19, 2023 | — | — | — |
| -1.65% | Jan 5, 2021 | 52 | Mar 19, 2021 | 93 | Aug 2, 2021 | 145 |
Volatility
Volatility Chart
The current North Square McKee Bond Fund volatility is 2.17%, 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.