North Square Tactical Defensive A (ETFRX)

Fund Assets	54.70M
Expense Ratio	2.085%
Min. Investment	$1,000
Turnover	225.00%
Dividend (ttm)	0.09
Dividend Yield	0.45%
Dividend Growth	-43.89%
Payout Frequency	n/a
Ex-Dividend Date	Dec 19, 2025

Previous Close	20.36
YTD Return	6.92%
1-Year Return	7.94%
5-Year Return	26.07%
52-Week Low	18.49
52-Week High	20.81
Beta (5Y)	0.46
Holdings	6
Inception Date	Sep 15, 2006

About ETFRX

North Square Tactical Defensive Fund Class A is a mutual fund that employs a trend-based investment strategy with the primary objective of capital appreciation. This fund is specifically designed to adapt to varying market conditions by integrating both cyclical and shorter-term trend analysis within its allocation process. It seeks to reduce the risk of significant loss by dynamically shifting between growth-oriented positions and defensive stances, and can become fully defensive when market conditions warrant. The fund's approach is twofold: it focuses on participating in long-term market growth cycles through technical analysis and can swiftly transition to defensive holdings during downturns. In the short term, it uses daily technical indicators to manage portfolio risk, allowing for rapid adjustments and the flexibility to allocate entirely to cash when necessary. The fund typically holds a concentrated portfolio of exchange-traded funds, aiming for diversification and volatility management across changing market cycles. North Square Tactical Defensive Fund Class A serves as a specialized option for investors seeking to diversify their equity allocations while maintaining a built-in mechanism for managing downside risk, emphasizing capital preservation and tactical flexibility in response to prevailing market trends.

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

Performance

ETFRX had a total return of 7.94% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.59%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
ETFWX	Class I	1.79%
ETFZX	Class C	2.79%

Top Holdings

Name	Symbol	Weight
State Street SPDR Portfolio S&P 500 ETF	SPYM	29.62%
State Street® SPDR® S&P 500® ETF	n/a	26.02%
First American Treasury Obligs X	FXFXX	19.77%
State Street SPDR Portfolio Developed World ex-US ETF	SPDW	15.87%
State Street SPDR Portfolio Emerging Markets ETF	SPEM	5.30%
State Street SPDR Portfolio S&P 600 Small Cap ETF	SPSM	3.42%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 19, 2025	$0.0923	Dec 19, 2025
Dec 20, 2024	$0.1645	Dec 20, 2024
Jun 28, 2019	$0.05532	Jun 28, 2019
Dec 28, 2017	$0.27811	Dec 28, 2017
Sep 29, 2017	$0.02278	Sep 29, 2017
Dec 29, 2014	$0.01311	Dec 29, 2014

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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