Fund Reports & Holdings

North Square Funds Prospectuses

• Altrinsic International Equity Fund (as of 2/28/25)
• Core Plus Bond Fund (as of 9/27/24)
• Dynamic Small Cap Fund (as of 9/27/24)
• Evanston Multi-Alpha Fund (formerly, Evanston Alternative Opportunities Fund. Prospectus dated 7/26/24)
• Evanston Multi-Alpha Fund (Prospectus Supplement dated September 25, 2024 to the Prospectus dated July 26, 2024)
• Kennedy MicroCap Fund (as of 6/8/24)
• Kennedy MicroCap Fund (Prospectus Supplement dated October 8, 2024 to the Fund’s Summary Prospectus and Prospectus each dated June 8, 2024. as supplemented)
• Kennedy MicroCap Fund (Prospectus Supplement dated April 22, 2025 to the Fund’s Summary Prospectus, Prospectus and Statement of Additional Information each dated June 8, 2024. as supplemented)
• Kennedy MicroCap Fund (Prospectus Supplement dated May 20, 2025 to the Fund’s Prospectus dated June 8, 2024, as supplemented)
• McKee Bond Fund (as of 2/28/25)
• Multi Strategy Fund (as of 9/27/24)
• Preferred and Income Securities Fund (as of 9/27/24)
• RCIM Tax-Advantaged Preferred and Income Securities ETF (as of 12/16/24)
• Select Small Cap Fund  (as of 2/28/25)
• Small Cap Value  Fund  (as of 4/7/25, Supplemented 4/29/25)
• Small Cap Value  Fund (Supplement dated June 20, 2025, to the Fund’s Prospectus dated April 7, 2025, as supplemented)
• Spectrum Alpha Fund (as of 9/27/24)
• Strategic Income Fund (as of 2/28/25)
• Strategic Income Fund (Supplement dated May 20, 2025, to the Fund’s Prospectus dated February 28, 2025, as supplemented)
• Tactical Defensive Fund (as of 9/27/24)
• Tactical Growth Fund (as of 9/27/24)
• Multi Strategy, Spectrum Alpha, Tactical Defensive and Tactical Growth Funds (Supplement dated December 20, 2024 to each Fund’s Prospectus, Summary Prospectus and Statement of Additional Information (“SAI”), each dated September 27, 2024, as supplemented)
• Dynamic Small Cap, Multi Strategy, Spectrum Alpha, Tactical Defensive and Tactical Growth Funds (Supplement dated May 20, 2025, to the Funds’ Prospectus dated September 27, 2024, as supplemented)

North Square Funds Summary Prospectuses

• Altrinsic International Equity Fund (as of 3/3/25)
• Core Plus Bond Fund (as of 9/27/24)
• Dynamic Small Cap Fund (9/27/24)
• Kennedy MicroCap Fund (as of 6/8/24)
• McKee Bond Fund (as of 3/3/25)
• Multi Strategy Fund (as of 9/27/24)
• Preferred and Income Securities Fund (as of 9/27/24)
• RCIM Tax-Advantaged Preferred and Income Securities ETF (as of 12/16/24)
• Select Small Cap Fund (as of 3/3/25)
• Small Cap Value  Fund  (as of 4/7/25, Supplemented 4/29/25)
• Spectrum Alpha Fund (as of 9/27/24)
• Strategic Income Fund (as of 3/3/25)
• Tactical Defensive Fund (as of 9/27/24)
• Tactical Growth Fund (as of 9/27/24)

North Square Funds Statement of Additional Information

• Altrinsic International Equity Fund (as of 2/28/25)
• Core Plus Bond Fund (as of 9/27/24)
• Dynamic Small Cap Fund (as of 9/27/24)
• Evanston Multi-Alpha Fund (formerly, Evanston Alternative Opportunities Fund. As of 7/26/24)
• Kennedy MicroCap Fund (as of 6/8/24)
• McKee Bond Fund (as of 2/28/25)
• Multi Strategy Fund (as of 9/27/24)
• Preferred and Income Securities Fund (as of 9/27/24)
• RCIM Tax-Advantaged Preferred and Income Securities ETF (as of 12/16/24)
• Select Small Cap Fund (as of 2/28/25)
• Spectrum Alpha Fund (as of 9/27/24)
• Strategic Income Fund (as of 2/28/25)
• Tactical Defensive (as of 9/27/24)
• Tactical Growth  (as of 9/27/24)

North Square Funds Annual Shareholder Reports

• Advisory Research Small Cap Value Fund – Class I (ADVGX) (as of 10/31/24)
• Altrinsic International Equity Fund – Class I (NSIVX) (as of 10/31/24)
• Dynamic Small Cap Fund – Class A (ORSAX) (as of 5/31/24)
• Dynamic Small Cap Fund – Class I (ORSIX) (as of 5/31/24)
• Evanston Multi-Alpha Fund (as of 3/31/25)
• McKee Bond Fund – Class R6 (NMKBX) (as of 10/31/24)
• McKee Bond Fund – Class I (NMKYX) (as of 10/31/24)
• Multi Strategy Fund – Class A (ORILX) (as of 5/31/24)
• Multi Strategy Fund – Class I (PORYX) (as of 5/31/24)
• Preferred and Income Securities Fund – Class I (ORDNX) (as of 5/31/24)
• Spectrum Alpha Fund – Class A (ORIGX) (as of 5/31/24)
• Spectrum Alpha Fund – Class I (ORIYX) (as of 5/31/24)
• Strategic Income Fund – Class A (ADVAX) (as of 10/31/24)
• Strategic Income Fund – Class I (ADVNX) (as of 10/31/24)
• Tactical Growth – Class A (ETFAX) (as of 5/31/24)
• Tactical Growth – Class C (ETFCX) (as of 5/31/24)
• Tactical Growth – Class I (ETFOX) (as of 5/31/24)
• Tactical Defensive – Class A (ETFRX) (as of 5/31/24)
• Tactical Defensive – Class C (ETFZX) (as of 5/31/24)
• Tactical Defensive – Class I (ETFWX) (as of 5/31/24)
• Trilogy Alternative Return – Class A (ETFRX) (as of 5/31/24)
• Trilogy Alternative – Class C (STTCX) (as of 5/31/24)
• Trilogy Alternative – Class I (STTIX) (as of 5/31/24)

North Square Funds Semi-Annual Reports

• Altrinsic International Equity Fund – Class I (NSIVX) (as of 4/30/25)
• Evanston Multi Alpha Fund (as of 9/30/24)
• Core Plus Bond Fund – Class I (STTIX) (as of 11/30/24)
• Dynamic Small Cap Fund – Class I (ORSIX) (as of 11/30/24)
• Dynamic Small Cap Fund – Class A (ORSAX) (as of 11/30/24)
• Kennedy MicroCap Fund – Class I (NKMCX) (as of 11/30/24)
• McKee Bond Fund – Class R6 (NMKBX) (as of 4/30/25)
• McKee Bond Fund – Class I (NMKYX) (as of 4/30/25)
• Multi Strategy Fund – Class A (ORILX) (as of 11/30/24)
• Multi Strategy Fund – Class I (PORYX) (as of 11/301/24)
• Preferred and Income Securities Fund – Class I (ORDNX) (as of 11/30/24)
• Select Small Cap Fund – Class I (ADVGX) (as of 4/30/25)
• Small Cap Value Fund – Class I (DRISX) (as of 4/30/25)
• Small Cap Value Fund – Investor Class (DRSVX) (as of 4/30/25)
• Spectrum Alpha Fund – Class A (ORIGX) (as of 11/30/24)
• Spectrum Alpha Fund – Class I (ORIYX) (as of 11/30/24)
• Strategic Income Fund – Class A (ADVAX) (as of 4/30/25)
• Strategic Income Fund – Class I (ADVNX) (as of 4/30/25)
• Tactical Growth – Class A (ETFAX) (as of 11/30/24)
• Tactical Growth – Class C (ETFCX) (as of 11/30/24)
• Tactical Growth – Class I (ETFOX) (as of 11/30/24)
• Tactical Defensive – Class A (ETFRX) (as of 11/30/24)
• Tactical Defensive – Class C (ETFZX) (as of 11/30/24)
• Tactical Defensive – Class I (ETFWX) (as of 11/30/24)

North Square Funds Semi-Annual Financial Statements

• Select Small Cap, Altrinsic International Equity, McKee Bond and Strategic Income Funds (as of 4/30/25)
• Spectrum Alpha, Dynamic Small Cap, Multi Strategy, Preferred and Income Securities, Tactical Growth, Tactical Defensive, Core Plus Bond and Kennedy MicroCap Funds (as of 11/30/24)

North Square Funds Annual Financial Statements

• Advisory Research Small Cap Value, Altrinsic International Equity, McKee Bond and Strategic Income Funds (as of 10/31/24)
• Advisory Research Small Cap Value Fund – Class I (ADVGX) (as of 10/31/24)
• Altrinsic International Equity Fund – Class I (NSIVX) (as of 10/31/24)
• Spectrum Alpha, Dynamic Small Cap, Multi Strategy, Preferred and Income Securities, Tactical Growth, Tactical Defensive and Trilogy Alternative Return Funds (as of 5/31/24)

North Square Funds Portfolio Holdings

• Schedule of Investments for Spectrum Alpha Fund, Dynamic Small Cap Fund, Kennedy MicroCap, Multi Strategy Fund, Preferred and Income Securities Fund, Tactical Growth Fund, Tactical Defensive Fund and Core Plus Bond Fund (as of 2/28/25)
• Schedule of Investments for Spectrum Alpha Fund, Dynamic Small Cap Fund, Kennedy Microcap, Multi Strategy Fund, Preferred and Income Securities Fund, Tactical Growth Fund, Tactical Defensive Fund and Trilogy Alternative Return Fund (as of 8/31/24)
• Schedule of Investments for Advisory Research Small Cap Value Fund, Altrinsic International Equity Fund, McKee Bond Fund and Strategic Income Fund (as of 1/31/25)
• Advisory Research Small Cap Value Fund (as of 7/31/24)
• Altrinsic International Equity Fund  (as of 7/31/24)
• Dynamic Small Cap Fund (as of 2/29/24)
• Dynamic Small Cap Fund (as of 8/31/24)
• Evanston Multi-Alpha Fund (as of 6/30/24)
• Evanston Multi-Alpha Fund (as of 12/31/24)
• Kennedy MicroCap Fund (as of 8/31/24)
• McKee Bond Fund (as of 7/31/24)
• Multi Strategy Fund (as of 2/29/24)
• Preferred and Income Securities Fund (as of 2/29/24)
• Preferred and Income Securities Fund (as of 8/31/24)
• Schedule of Investments for RCIM Tax-Advantaged Preferred and Income Securities ETF (as of 2/28/25)
• Spectrum Alpha Fund (as of 2/29/24)
• Spectrum Alpha Fund (as of 8/31/24)
• Strategic Income Fund (as of 7/31/24)
• Tactical Defensive Fund (as of 2/29/24)
• Tactical Defensive Fund (as of 8/31/24)
• Tactical Growth Fund (as of 2/29/24)
• Tactical Growth Fund (as of 8/31/24)
• Tactical Growth Fund Monthly Allocations (as of 6/30/25)
• Trilogy Alternative Return Fund (as of 2/29/24)
• Trilogy Alternative Return Fund (as of 8/31/24)

North Square Funds Notices

• • North Square Strategic Income Fund: IRS Form 8937 – Report of Organizational Actions Affecting Basis of Securities
  • North Square Funds 2024 Estimated Capital Gains Distribution Notice
  • North Square Funds 2023 Capital Gains Distribution Notice
  • North Square Funds Privacy Notice
  • North Square Evanston Multi-Alpha Fund Privacy Notice
  • Core Plus Bond Fund: Important Notice Regarding The Internet Availability of Information Statement
  • North Square Preferred and Income Securities Fund: IRS Form 8937 – Report of Organizational Actions Affecting Basis of Securities – 2024
  • North Square Preferred and Income Securities Fund: IRS Form 8937 – Report of Organizational Actions Affecting Basis of Securities – 2023
  • Evanston Multi-Alpha Fund Section 16 (Beneficial Ownership Filings)
  • North Square Spectrum Alpha, Multi Strategy, Tactical Defensive and Tactical Growth Funds: Important Notice Regarding the Internet Ability of Information Statement – Notice Regarding Sub-Adviser – March 20, 2025

Form N-PX Reporting

• Evanston Multi-Alpha Fund: FORM N-PX Annual Report of Proxy Voting Record – 6/30/2024
• North Square McKee Bond Fund and Kennedy MicroCap Funds – June 30, 2024
• North Square Altrinsic International Equity, Advisory Research Small Cap Growth, Advisory Research Small Cap Value, Dynamic Small Cap, Multi Strategy, Preferred and Income Securities, Spectrum Alpha, Strategic Income, Tactical Defensive, Tactical Growth and Trilogy Alternative Return Funds – June 30, 2024