Tactical Defensive Fund
The investment objective of the North Square Tactical Defensive Fund is to seek capital appreciation.
The Tactical Defensive Fund is a trend based strategy seeking capital appreciation while reducing the probability of meaningful loss.
Being Tactically Defensive Can Help
Stadion Tactical Defensive Fund can become 100% defensive.
The Stadion Tactical Defensive Fund brings together two complementary components to diversify equity allocations and attempt to reduce volatility over changing market cycles. The Fund is designed to react to changing market conditions, not predict them.
Component 1: Cyclical Trends
Objective: Designed to be fully invested during longer term growth cycles while becoming defensive during periods of decline
• Technical analysis focused on intermediate and long-term measures
• Construct portfolio of 3 – 6 holdings
• Adjust allocation consistent with market cycle. Can hold defensive ETFs when market conditions change
Component 2: Shorter-Term Trends
Objective: Seeks short-term equity appreciation with a secondary emphasis on capital preservation during shorter term pullbacks
• Daily, technical measures determine equity risk levels
• Construct portfolio of 4 – 7 ETFs
• Portfolio level dynamic sell criteria
• Unconstrained, can hold all cash
Mutual Fund and ETF Risk
The Fund’s investment in ETFs and mutual funds (including other funds managed by the Sub-Adviser) generally reflects the risks of owning the underlying securities the ETF or mutual fund holds. An ETF may also trade at a discount to its net asset value. For example, where all or a portion of an ETF’s underlying securities trade in a market that is closed when the market in which the ETF’s shares are listed and trading in that market is open, there may be changes between the last quote from its closed foreign market and the value of such security during the ETF’s domestic trading day. This could, in turn, result in differences between the market price of the ETF’s shares and the underlying value of those shares. The Fund will pay brokerage commissions in connection with the purchase and sale of shares of ETFs. In addition, the Fund may invest in underlying funds which invest a larger portion of their assets in one or more sectors than many other mutual funds, and thus will be more susceptible to negative events affecting those sectors.
Before investing, consider the product’s investment objectives, risks, charges and expenses. This and other information is in the prospectus, a copy of which may be obtained by calling 855-551-5521. Please read the prospectus carefully before you invest. Distributed by Compass Distributors, LLC. Member FINRA.
|Class||Ticker||Net Expense*||Gross Expense|
*The Fund’s investment adviser has contractually agreed to waive its fees and/or pay for or reimburse operating expenses of the Fund to ensure that total annual fund operating expenses (excluding any taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, any acquired fund fees and expenses, expenses incurred in connection with any merger or reorganization, extraordinary expenses such as litigation expenses, and payments, if any, under a Rule 12b-1 Distribution Plan) do not exceed 1.70%. 1.70% and 1.70% of the average daily net assets of the Fund’s Class A, Class C and Class I shares, respectively. This agreement is in effect until January 19, 2023, and it may be terminated before that date only by the Board of Trustees. The Advisor is permitted to seek reimbursement from the Fund, for three years from the date of any such waiver or payment to the extent a class’s total annual fund operating expenses do not exceed the limits described above.