North Square Funds Surpass $2 Billion in Assets; Lowers Management Fee on Five-Star* Strategic Income Fund (ADVNX)
North Square Investments announced its mutual fund family has surpassed $2 billion in assets. Along with the growth in assets, North Square said it was lowering the management fee on one of its most popular mutual funds, the North Square Strategic Income Fund (ADVNX) from 70 basis points to 56 basis points. Further, the Fund’s Total Expense Ratio is being lowered from 0.91% to 0.68%, effective January 1, 2025.
*For the 3-year period ended September 30, 2024, the fund was rated 4 stars out of 325 funds, while for the 5-year period the fund was rated 5 stars out of 272 funds and 5 stars out of 189 funds for the 10-year period.
Morningstar US Multisector Bond Category: Morningstar Multisector bond portfolios seek income by diversifying their assets among several fixed income sectors, usually U.S. government obligations, U.S. corporate bonds, foreign bonds, and high-yield U.S. debt securities. These portfolios typically hold 35% to 65% of bond assets insecurities that are not rated or are rated by a major agency such as Standard & Poor’s or Moody’s at the level of BB (considered speculative for taxable bonds) and below.
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