- ISIN
- US66263L7001
- CUSIP
- 66263L700
- Issuer
- North Square
- Inception Date
- Feb 28, 1999
- Category
- Diversified Portfolio
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
ORILX Performance Chart
North Square Multi Strategy Fund (ORILX) is up 8.6% since the beginning of the year. ORILX is currently trading at $19 per share. Investors who bought $1,000 worth of ORILX shares 5 years ago would now be looking at an investment worth $1,486.
Loading charts...
Returns By Period
North Square Multi Strategy Fund (ORILX) has returned 8.56% so far this year and 19.98% over the past 12 months. Over the last ten years, ORILX has returned 11.14% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
North Square Multi Strategy Fund
- 1D
- 0.89%
- 1M
- 1.85%
- YTD
- 8.56%
- 6M
- 7.71%
- 1Y
- 19.98%
- 3Y*
- 14.25%
- 5Y*
- 8.25%
- 10Y*
- 11.14%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
ORILX Monthly Returns History
Based on dividend-adjusted daily data since Feb 26, 1999, ORILX's average daily return is +0.03%, while the average monthly return is +0.60%. At this rate, an investment would double in approximately 9.7 years.
Historically, 59% of months were positive and 41% were negative. The best month was Oct 2011 with a return of +12.3%, while the worst month was Oct 2008 at -15.6%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, ORILX closed higher 51% of trading days. The best single day was Oct 13, 2008 with a return of +11.1%, while the worst single day was Mar 16, 2020 at -11.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.14% | 1.43% | -4.84% | 6.34% | 2.69% | 0.84% | 8.56% | ||||||
| 2025 | 2.78% | -0.72% | -3.33% | -0.80% | 3.53% | 3.08% | 0.43% | 3.78% | 1.41% | 0.10% | 1.03% | 0.59% | 12.28% |
| 2024 | -0.25% | 2.69% | 3.41% | -3.88% | 3.80% | -0.06% | 4.37% | 1.30% | 1.51% | -1.87% | 5.04% | -4.02% | 12.14% |
| 2023 | 6.76% | -1.77% | -1.11% | 0.70% | -1.32% | 5.58% | 3.81% | -2.19% | -3.82% | -3.63% | 8.31% | 6.39% | 18.00% |
| 2022 | -6.18% | -1.76% | 1.12% | -6.94% | 0.19% | -7.30% | 6.85% | -2.73% | -6.89% | 6.97% | 4.15% | -3.85% | -16.48% |
| 2021 | 1.69% | 2.17% | 2.12% | 3.85% | 0.47% | 2.04% | 1.12% | 2.47% | -4.57% | 5.80% | -1.59% | 4.18% | 21.16% |
Benchmark Metrics
North Square Multi Strategy Fund has an annualized alpha of 0.55%, beta of 0.86, and R2 of 0.91 versus S&P 500 Index. Calculated based on daily prices since February 26, 1999.
- This fund participated in 87.25% of S&P 500 Index downside but only 85.37% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.86 and R2 of 0.91, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 0.55%
- Beta
- 0.86
- R²
- 0.91
- Upside Capture
- 85.37%
- Downside Capture
- 87.25%
Expense Ratio
ORILX has an expense ratio of 0.79%, placing it in the medium range.
Return for Risk
Risk / Return Rank
ORILX ranks 52 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for North Square Multi Strategy Fund (ORILX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ORILX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.37 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 2.78 | -0.06 |
| Martin ratioReturn relative to average drawdown | 11.16 | 12.44 | -1.28 |
Dividends
Dividend History
North Square Multi Strategy Fund provided a 10.59% dividend yield over the last twelve months, with an annual payout of $2.04 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.04 | $2.04 | $0.35 | $0.18 | $6.59 | $1.48 | $0.00 | $1.19 | $8.37 |
Dividend yield | 10.59% | 11.49% | 1.96% | 1.15% | 47.95% | 6.08% | 0.00% | 6.54% | 54.03% |
Monthly Dividends
The table displays the monthly dividend distributions for North Square Multi Strategy 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.04 | $2.04 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.35 | $0.35 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.59 | $6.59 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.48 | $1.48 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the North Square Multi Strategy 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 Multi Strategy Fund was 50.59%, occurring on Mar 9, 2009. Recovery took 996 trading sessions.
The current North Square Multi Strategy Fund drawdown is 0.16%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -50.59%Mar 2009 | 1y 5mo | 3y 11mo | 5y 4moOct 2007 - Feb 2013 |
Dot-com crash2000–2002 | -39.57%Jul 2002 | 1y 10mo | 4y 5mo | 6y 4moSep 2000 - Jan 2007 |
COVID crash2020 | -32.12%Mar 2020 | 1mo 2d | 4mo 22d | 5mo 24dFeb 2020 - Aug 2020 |
Bear market2022 | -22.71%Sep 2022 | 10mo 17d | 1y 5mo | 2y 3moNov 2021 - Feb 2024 |
Rate-hike selloffLate 2018 | -22.60%Dec 2018 | 3mo 26d | 11mo 8d | 1y 2moAug 2018 - Nov 2019 |
Drawdown Indicators
| ORILX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.59% | -56.78% | +6.19% |
Max Drawdown (1Y)Largest decline over 1 year | -7.30% | -9.10% | +1.80% |
Max Drawdown (3Y)Largest decline over 3 years | -13.73% | -18.90% | +5.17% |
Max Drawdown (5Y)Largest decline over 5 years | -22.71% | -25.43% | +2.72% |
Max Drawdown (10Y)Largest decline over 10 years | -32.12% | -33.92% | +1.80% |
Current DrawdownCurrent decline from peak | -0.16% | -1.80% | +1.64% |
Average DrawdownAverage peak-to-trough decline | -10.14% | -10.71% | +0.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 2.03% | -0.25% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with ORILX
Add North Square Multi Strategy Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with ORILX