North Square Advisory Research

Small Cap Value Fund

U.S. Equities, Global & International Equities

The investment objective of the North Square Advisory Research Small Cap Value Fund (formerly known as the North Square Advisory Research All Cap Value Fund) (the “Fund”) is to seek long term capital appreciation.

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. 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 will continue to primarily include common stock, preferred securities and convertible securities.

Availability

Class Ticker Net Expense Gross Expense
I ADVGX 0.96% 1.96%

 

*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 0.94% for Class I shares. This agreement is in effect until February 28, 2023, and it may be terminated before that date only by the Trust’s 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.