Trilogy Alternative Return Fund
The investment objective of the North Square Trilogy Alternative Return Fund is total return, with an emphasis on lower risk and volatility than the U.S. equity markets.
Multiple strategies are blended to reduce risk in changing market conditions.
Three Distinct and Complementary Non-leveraged Strategies
1. Acquire dividend payers and protect with collar
• Buy high quality, dividend paying securities.
• Utilize long dated S&P collar to reduce volatility and seek to protect against equity losses.
2. Acquire fixed income and seek premium income
• High quality, low duration fixed income used as collateral
• Sell options, seeking to capitalize on equity volatility
• Buy protection on the full notional amount of sold options to limit potential losses
3. Employ options to seek to benefit from market moves up or down
• Seek to profit from long term fundamental market moves
• May contribute in both up and down markets
Principal Risks of Investing:
Risk is inherent in all investing including an investment in the Fund. An investment in the Fund involves risk, including, the following principal risks, among others: Management and Strategy Risk, ETF and Mutual Funds Risk, Derivatives Risk, Fixed Income Securities Risk, Equity Risk, Market Risk, Currency Risk, Foreign Investment Risk and High Yield (“Junk”) Bond Risk. Summary descriptions of these and other principal risks of investing in the Fund are set forth below. Before you decide whether to invest in the Fund, carefully consider these risks associated with investing in the Fund, which may cause investors to lose money. There can be no assurance that the Fund will achieve its investment objective. An investment in the Fund is not a deposit of the bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Please see the Fund’s prospectus for additional risk disclosures.
Collar: A protective option strategy created by purchasing an out of the money put option while simultaneously writing an out of the money call option.
Effective June 2021, the name of the Stadion Trilogy Alternative Return Fund was changed to the North Square Trilogy Alternative Return Fund.
Before investing you should carefully consider the Fund’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.
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*North Square Investments, 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 1.38%, 1.38% and 1.38% of the average daily net assets of the Fund’s Class A, Class C and Class I shares, respectively (“Expense Limitation Agreement”). The Expense Limitation Agreement is in effect until January 19, 2023, and it may be terminated before that date only by the Board of Trustees.