Name
As of 04/19/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.9%
1 yr return
13.8%
3 Yr Avg Return
3.7%
5 Yr Avg Return
N/A
Net Assets
$41.5 M
Holdings in Top 10
95.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.28%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 15.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/19/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PORYX - Profile
Distributions
- YTD Total Return 0.9%
- 3 Yr Annualized Total Return 3.7%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.29%
- Dividend Yield 1.2%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameNORTH SQUARE MULTI STRATEGY FUND
-
Fund Family NameOak Ridge Funds
-
Inception DateMar 01, 1999
-
Shares Outstanding453942
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBrad Thompson
Fund Description
In seeking to achieve the Fund’s investment objective, the Adviser has selected NSI Retail Advisors, LLC (the “Sub-Adviser”) to serve as the Fund’s investment sub-adviser and allocates the Fund’s assets to the Sub-Adviser. The Adviser retains the ability to manage all or a portion of the Fund’s assets directly.
The Fund is a “fund of funds” that seeks to achieve its investment objective by primarily investing in other mutual funds (“underlying funds”). The Fund invests primarily in mutual funds managed by North Square, the Fund’s investment adviser, but may also invest in unaffiliated mutual funds or exchange-traded funds (“ETFs”) to gain exposure to asset classes not available through a fund managed by the Adviser. In addition, the Fund may also invest directly in securities when the Sub-Adviser believes doing so is more likely to increase yield or enhance returns than investing in underlying funds.
The Fund is a multi-strategy fund that will invest directly or indirectly through underlying funds in the following asset classes:
● | Equity securities of U.S. and foreign companies (including emerging market companies) of any market capitalization, including common stock, preferred stock, warrants, rights and initial public offerings (“IPOs”). Exposure to equity securities of foreign companies may be through American and Global Depositary Receipts (“ADRs” and “GDRs”). |
● | Fixed income securities of U.S. and foreign issuers (including emerging market issuers) of any maturity and credit quality, including high-yield debt securities (often called “junk bonds”), investment grade debt securities, mortgage-related and other asset-backed securities, municipal bonds, U.S. Government securities, convertible securities, bank loans, inflation-linked investments and cash equivalents. |
As part of the Sub-Adviser’s multi-strategy investment process, the Fund’s investments are allocated among underlying funds based on an evaluation of three strategies: strategic asset allocation (generally, the weighting of allocations among broad asset classes to seek to capture market returns), tactical asset allocation (generally, the weighting of allocations to various sub-categories within broad asset classes to seek to add value relative to the general strategic allocations) and fund selection. Fund assets are invested in underlying funds with equity exposure across the small to large capitalization range, as well as across value and growth styles as well as core or blend styles which exhibit both growth and value characteristics. Fund assets may also be invested in underlying funds with exposure to fixed income securities issued by a variety of issuers and across a range of maturities and credit quality. Broad economic and market factors, as well as diversification and risk management, are considered in assessing the strategic and tactical components of the allocation. The analysis in selecting underlying funds includes an assessment of a fund’s past performance, volatility and other risk characteristics, and correlation with other funds and benchmarks. It also includes an assessment of the underlying fund’s investment strategies, investment process and portfolio management team.
The Fund does not have target ranges for the allocation of assets among asset classes or individual underlying funds and there is no maximum or minimum exposure that the Fund must maintain with respect to any asset class. Accordingly, the Fund’s exposure to different asset classes and underlying funds will be adjusted to take advantage of current or expected market conditions, or to manage risk. From time to time, the Fund may own a majority of the shares of an underlying fund managed by the Adviser. As of the date of this prospectus, the Fund intends to allocate substantially all of its assets among the North Square Dynamic Small Cap Fund, North Square Altrinsic International Equity Fund and North Square Preferred and Income Securities Fund, and expects to invest 25% or more of its assets in the North Square Dynamic Small Cap Fund and North Square Preferred and Income Securities Fund.
PORYX - Performance
Return Ranking - Trailing
Period | PORYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.9% | -3.8% | 4.6% | 90.27% |
1 Yr | 13.8% | 2.9% | 22.1% | 53.51% |
3 Yr | 3.7%* | -11.5% | 4.7% | 10.29% |
5 Yr | N/A* | -0.7% | 11.8% | 97.60% |
10 Yr | N/A* | 0.0% | 12.0% | 17.31% |
* Annualized
Return Ranking - Calendar
Period | PORYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 16.8% | -6.6% | 33.6% | 43.78% |
2022 | -41.7% | -44.4% | -9.8% | 97.81% |
2021 | 14.9% | -24.1% | 18.9% | 13.29% |
2020 | 17.9% | -10.9% | 60.4% | 17.58% |
2019 | N/A | 5.9% | 36.4% | 99.39% |
Total Return Ranking - Trailing
Period | PORYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.9% | -3.8% | 4.6% | 90.27% |
1 Yr | 13.8% | 2.9% | 22.1% | 53.51% |
3 Yr | 3.7%* | -11.5% | 4.7% | 10.29% |
5 Yr | N/A* | -0.7% | 11.8% | 99.40% |
10 Yr | N/A* | 0.0% | 12.0% | 14.74% |
* Annualized
Total Return Ranking - Calendar
Period | PORYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 18.3% | 1.4% | 34.9% | 56.76% |
2022 | -16.0% | -43.2% | -3.8% | 18.03% |
2021 | 21.6% | -24.1% | 26.7% | 4.05% |
2020 | 17.9% | -5.3% | 62.8% | 46.06% |
2019 | N/A | 12.4% | 52.6% | 100.00% |
NAV & Total Return History
PORYX - Holdings
Concentration Analysis
PORYX | Category Low | Category High | PORYX % Rank | |
---|---|---|---|---|
Net Assets | 41.5 M | 9.96 M | 119 B | 94.05% |
Number of Holdings | 12 | 5 | 8469 | 80.00% |
Net Assets in Top 10 | 38.9 M | 6.4 M | 20.9 B | 90.27% |
Weighting of Top 10 | 95.17% | 0.7% | 100.0% | 32.43% |
Top 10 Holdings
- North Square Dynamic Small Cap Fund 19.69%
- North Square Preferred And Income Securities Fund 14.72%
- North Square Altrinsic International Equity Fund 13.60%
- iShares Core SP 500 ETF 11.29%
- North Square McKee Bond 10.01%
- Vanguard Dividend Appreciation ETF 7.65%
- Vanguard Value ETF 5.53%
- North Square Advisory Research Small Value Fund 5.51%
- Invesco SP 500 GARP ETF 3.66%
- Vanguard Growth ETF 3.51%
Asset Allocation
Weighting | Return Low | Return High | PORYX % Rank | |
---|---|---|---|---|
Stocks | 98.52% | 0.00% | 100.05% | 57.30% |
Cash | 1.91% | 0.00% | 99.02% | 30.81% |
Convertible Bonds | 0.38% | 0.00% | 3.88% | 11.35% |
Preferred Stocks | 0.00% | 0.00% | 13.37% | 87.03% |
Other | 0.00% | -28.75% | 8.72% | 81.62% |
Bonds | 0.00% | 0.00% | 141.68% | 90.27% |
Stock Sector Breakdown
Weighting | Return Low | Return High | PORYX % Rank | |
---|---|---|---|---|
Technology | 21.25% | 1.75% | 32.38% | 34.24% |
Financial Services | 16.38% | 9.56% | 42.24% | 29.35% |
Healthcare | 14.40% | 2.06% | 19.02% | 32.61% |
Industrials | 11.51% | 1.80% | 14.87% | 29.89% |
Consumer Cyclical | 10.67% | 1.15% | 24.72% | 64.13% |
Consumer Defense | 7.29% | 0.47% | 14.80% | 25.00% |
Communication Services | 5.75% | 1.90% | 13.69% | 79.35% |
Energy | 4.26% | 0.00% | 31.98% | 48.91% |
Basic Materials | 3.64% | 0.00% | 8.62% | 67.93% |
Real Estate | 3.15% | 0.00% | 28.04% | 56.52% |
Utilities | 1.70% | 0.00% | 15.29% | 75.54% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | PORYX % Rank | |
---|---|---|---|---|
US | 98.52% | 0.00% | 100.05% | 55.68% |
Non US | 0.00% | 0.00% | 32.67% | 89.19% |
PORYX - Expenses
Operational Fees
PORYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.28% | 0.23% | 3.92% | 37.84% |
Management Fee | 0.19% | 0.00% | 1.30% | 53.51% |
12b-1 Fee | N/A | 0.00% | 1.00% | 6.25% |
Administrative Fee | N/A | 0.01% | 0.28% | N/A |
Sales Fees
PORYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
PORYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 2.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
PORYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 15.00% | 0.18% | 300.02% | 32.56% |
PORYX - Distributions
Dividend Yield Analysis
PORYX | Category Low | Category High | PORYX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.24% | 0.00% | 8.91% | 53.51% |
Dividend Distribution Analysis
PORYX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Annual | Annual |
Net Income Ratio Analysis
PORYX | Category Low | Category High | PORYX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.29% | -0.65% | 5.31% | 69.78% |
Capital Gain Distribution Analysis
PORYX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 22, 2023 | $0.219 | OrdinaryDividend |
Dec 22, 2022 | $6.594 | OrdinaryDividend |
Dec 23, 2019 | $1.210 | OrdinaryDividend |
PORYX - Fund Manager Analysis
Managers
Brad Thompson
Start Date
Tenure
Tenure Rank
Sep 30, 2021
0.67
0.7%
Prior to joining NSI Retail in 2021, Mr. Thompson served as Chief Investment Officer of the Stadion and has been a Portfolio Manager and an officer of the Stadion, serving in a supervisory role for portfolio management operations since 2006. Brad Thompson joined Stadion in 2006, bringing 20+ years of financial analysis, investment management, and fund management experience with him to Stadion, where he manages the Stadion Portfolio Management team. Prior to joining Stadion, Brad served as the Chief Investment Officer and Chief Financial Analyst for Global Capital Advisors. Brad has a Bachelor of Business Administration Degree in Finance from the University of Georgia, and also holds the Chartered Financial Analyst designation. Brad is a member of the CFA Institute and the Bermuda Society of Financial Analysts and also holds the Chartered Retirement Plan Specialist Designation. Brad has served on the board of the Executive Leadership Council for the American Cancer Society and on the Board of Trustees for the University of Georgia Terry College of Business Student Managed Investment Fund
Clayton Wilkin
Start Date
Tenure
Tenure Rank
Mar 01, 2022
0.25
0.3%
Clayton Wilkin, CFA. Prior to joining NSI Retail in 2021, Mr. Wilkin was a Portfolio Manager for Stadion Money Management and has served as a Portfolio Management Analyst, among other duties, since 2013. He has a Bachelor of Business Administration Degree in Finance from the University of Georgia and also holds the Chartered Financial Analyst designation.
David Appleby
Start Date
Tenure
Tenure Rank
Mar 01, 2022
0.25
0.3%
David Appleby. Prior to joining NSI Retail in 2022, Mr. Appleby held senior risk management positions most recently at North Square Investments and Oak Ridge Investments, where he began his career in the investment industry in 2006. Mr. Appleby is a graduate of the University of Georgia with a bachelor’s degree in Economics. He received a Master’s Degree in Finance from the Illinois Institute of Technology and also holds the FRM® (Financial Risk Management) Certification.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.19 | 26.6 | 6.51 | 2.41 |