Investment objective & strategy
As of Sept. 26, 2025 · prospectusObjective. The investment objective of the North Square Spectrum Alpha Fund (the Fund) is to provide capital appreciation.
Strategy. The Fund is considered a fund of funds that invests primarily in affiliated mutual funds (the underlying funds) managed by the 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 micro-cap, small, and mid-sized companies among others. The Fund uses a blend strategy to gain investment exposure to both growth and value stocks, or to stocks with characteristics of both. Securities in which an underlying fund may invest include, but are not limited to, common stocks, preferred stocks, securities of international companies include emerging market companies and developed countries through investments in exchange-traded funds (ETFs) and American Depositary Receipts (ADRs), and other similar … The Fund is considered a fund of funds that invests primarily in affiliated mutual funds (the underlying funds) managed by the 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 micro-cap, small, and mid-sized companies among others. The Fund uses a blend strategy to gain investment exposure to both growth and value stocks, or to stocks with characteristics of both. Securities in which an underlying fund may invest include, but are not limited to, common stocks, preferred stocks, securities of international companies include emerging market companies and developed countries through investments in exchange-traded funds (ETFs) and American Depositary Receipts (ADRs), and other similar depositary receipts, and other instruments with similar economic characteristics. The Funds portfolio management team generally employs a bottom-up investment approach emphasizing long-term value. The Fund may deviate from the investment strategy described above for temporary defensive purposes. The Fund may miss certain investment opportunities if defensive strategies are used and thus may not achieve its investment objective.
Top holdings
As of Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| North Square Dynamic Small Cap Fund Class I | — | $39.49M | 52.74% |
| North Square Select Small Cap Fund Class I | — | $18.58M | 24.82% |
| North Square Kennedy MicroCap Fund Class I | — | $14.85M | 19.83% |
| Russell 2000 ETF | IWM | $1.67M | 2.23% |
| FIRST AM-TR OB-X | TMPXX | $354.42K | 0.47% |
Portfolio moves
Nov 30, 2025 → Feb 28, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| NORTH SQUARE MULTI STRATEGY FUND · ORILX, PORYX | 21% | 1.33% |
| Dynamic US Opportunity Fund · ICSIX, ICSNX, SROAX | 3% | 1.36% |
| Catalyst/Millburn Hedge Strategy Fund · MBXAX, MBXCX, MBXIX, MBXFX | 3% | 2.00% |
Advisers
| Firm | Role |
|---|---|
| North Square Investments, LLC | Adviser |
| CSM Advisors, LLC | Sub-adviser |
Footnotes
- Expense ratio as of September 26, 2025, from the fund's prospectus.
- Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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