Spectrum Alpha Fund
The investment objective of the North Square Spectrum Alpha Fund (formerly known as the North Square Oak Ridge Small Cap Growth Fund) is to provide capital appreciation.
The Spectrum Alpha Fund is a “fund of funds” that invests primarily in affiliated mutual funds managed by North Square Investments, the Fund’s investment adviser and its affiliates. Under normal conditions, through the underlying funds, the Fund is expected to indirectly invest in the equity securities of U.S. and foreign microcap, small, and mid-sized companies among others. The Fund will use a “blend” strategy to gain investment exposure to both growth and value stocks, or to stocks with characteristics of both.
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*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 1.30% and 1.05% 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, 2023, 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.