North Square Tactical Allocation I (ETFOX)

Fund Assets	597.19M
Expense Ratio	1.488%
Min. Investment	$1,000,000
Turnover	30.00%
Dividend (ttm)	0.06
Dividend Yield	0.31%
Dividend Growth	-61.42%
Payout Frequency	Annual
Ex-Dividend Date	Dec 19, 2025

Previous Close	19.85
YTD Return	10.01%
1-Year Return	11.55%
5-Year Return	49.71%
52-Week Low	17.13
52-Week High	20.17
Beta (5Y)	0.73
Holdings	8
Inception Date	May 3, 2004

About ETFOX

North Square Tactical Growth Fund Class I Shares is an open-end mutual fund designed to seek long-term capital appreciation through a tactical allocation strategy. The fund primarily invests in a selection of actively managed and index-based exchange-traded funds (ETFs), targeting domestic and international equities as well as non-correlated assets based on a proprietary Sharpe ratio analysis. Its approach emphasizes dynamically adjusting its holdings in response to changing market conditions, with portfolio allocations that can shift significantly between equity regions and fixed income sectors to manage risk and capture opportunity. The fund’s holdings typically include well-known ETFs such as those tracking large-cap growth, value, biotechnology, semiconductors, and financial sectors, as well as Treasury and gold funds, reflecting a diversified and tactical blend of asset classes. As an institutional share class, it is tailored for investors who seek both growth potential and risk management within a single vehicle. With a history of strong risk-adjusted performance and high category rankings from Morningstar over multiple time periods, the fund plays a significant role in the tactical allocation segment of the mutual fund market, appealing to those looking for an adaptive approach to asset allocation.

• Fund Family: North Square
• Category: Tactical Allocation
• Performance Rating: High
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: ETFOX
• Share Class: Class I
• Index: Index is not available on Lipper Database

Performance

ETFOX had a total return of 11.55% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.33%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
ETFAX	Class A	1.71%
ETFCX	Class C	2.46%

Top Holdings

Name	Symbol	Weight
Invesco QQQ Trust Series I	QQQ	18.33%
Vanguard Morningstar Growth ETF	VUG	16.33%
State Street® SPDR® S&P 500® ETF	n/a	15.72%
First American Treasury Obligs X	FXFXX	15.21%
Vanguard Morningstar Value ETF	VTV	12.57%
iShares Russell 2000 ETF	IWM	8.48%
iShares MSCI Eurozone ETF	EZU	8.15%
State Street Health Care Select Sector SPDR ETF	XLV	5.21%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 19, 2025	$0.234	Dec 19, 2025
Dec 20, 2024	$0.3767	Dec 20, 2024
Dec 22, 2023	$0.1393	Dec 22, 2023
Dec 22, 2022	$0.95114	Dec 22, 2022
Dec 22, 2021	$0.73175	Dec 22, 2021
Dec 28, 2012	$1.8083	Dec 28, 2012

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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