North Square Advisory Research

Advisory Research Small Cap Growth Fund

Mutual Funds

The investment objective of the North Square Advisory Research Small Cap Growth Fund is long-term growth of capital.

Under normal circumstances, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of small capitalization companies. For purposes of the Revised 80% Policy, the Fund considers small capitalization companies to be companies with market capitalizations typically within the ranges of the Russell 2000 Index at the time of purchase. As of May 31, 2021, the market capitalization range of the Russell 2000 Index was between $9 million and $19.2 billion. The Fund’s investments in equity securities may include common stock, preferred securities and convertible securities.


Class Ticker Net Expense* Gross Expense
I ODGIX 0.94% 1.36%

*North Square Investments, LLC, 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 do not exceed 1.19% and 0.94% of the average daily net assets of the Fund’s Class A and Class I shares, respectively. This agreement is in effect until September 30, 2029, and it may be terminated before that date only by the Board of Trustees. North Square is permitted to seek reimbursement from the Fund, subject to certain limitations, of fees waived, payments made or expenses reimbursed to the Fund for a period ending 36 months after the date of the waiver, payment or reimbursement. Please see the fund’s prospectus for additional information.