PORYX
NORTH SQUARE MULTI STRATEGY FUND
Exchange Place Advisors Trust
Fund of funds
Expense ratio1
1.33%
Net assets2
$38.99M
Holdings2
15
Category
US Equity
2025 return3
12.45%

Investment objective & strategy

As of Sept. 26, 2025 · prospectus

Objective. The investment objective of the North Square Multi Strategy Fund (the ?Fund?) is to provide capital appreciation.

Strategy. In seeking to achieve the Fund?s investment objective, the Adviser has selected CSM Advisors, LLC (the ?Sub-Adviser?), an affiliate of, and under common control with, the Adviser, to serve as the Fund?s investment sub-adviser and allocates the Fund?s assets to the Sub-Adviser. The Adviser retains the ability to manage all or a portion of the Fund?s assets directly. The Fund is a ?fund of funds? that seeks to achieve its investment objective by primarily investing in other mutual funds (?underlying funds?). The Fund invests primarily in mutual funds managed by North Square, the Fund?s investment adviser, but may also invest in unaffiliated mutual funds or exchange-traded funds (?ETFs?) to gain exposure to asset classes not available through a fund managed … In seeking to achieve the Fund?s investment objective, the Adviser has selected CSM Advisors, LLC (the ?Sub-Adviser?), an affiliate of, and under common control with, the Adviser, to serve as the Fund?s investment sub-adviser and allocates the Fund?s assets to the Sub-Adviser. The Adviser retains the ability to manage all or a portion of the Fund?s assets directly. The Fund is a ?fund of funds? that seeks to achieve its investment objective by primarily investing in other mutual funds (?underlying funds?). The Fund invests primarily in mutual funds managed by North Square, the Fund?s investment adviser, but may also invest in unaffiliated mutual funds or exchange-traded funds (?ETFs?) to gain exposure to asset classes not available through a fund managed by the Adviser. In addition, the Fund may also invest directly in securities when the Sub-Adviser believes doing so is more likely to increase yield or enhance returns than investing in underlying funds. The Fund is a multi-strategy fund that will invest directly or indirectly through underlying funds in the following asset classes: ? Equity securities of U.S. and foreign companies (including emerging market companies) of any market capitalization, including common stock, preferred stock, warrants, rights and initial public offerings (?IPOs?). Exposure to equity securities of foreign companies may be through American and Global Depositary Receipts (?ADRs? and ?GDRs?). ? Fixed income securities of U.S. and foreign issuers (including emerging market issuers) of any maturity and credit quality, including high-yield debt securities (often called ?junk bonds?), investment grade debt securities, mortgage-related and other asset-backed securities, municipal bonds, U.S. government securities, convertible securities, bank loans, inflation-linked investments and cash equivalents. As part of the Sub-Adviser?s multi-strategy investment process, the Fund?s investments are allocated among underlying funds based on an evaluation of three strategies: strategic asset allocation (generally, the weighting of allocations among broad asset classes to seek to capture market returns), tactical asset allocation (generally, the weighting of allocations to various sub-categories within broad asset classes to seek to add value relative to the general strategic allocations) and fund selection. Fund assets are invested in underlying funds with equity exposure across the small to large capitalization range, as well as across value and growth styles as well as core or blend styles which exhibit both growth and value characteristics. Fund assets may also be invested in underlying funds with exposure to fixed income securities issued by a variety of issuers and across a range of maturities and credit quality. Broad economic and market factors, as well as diversification and risk management, are considered in assessing the strategic and tactical components of the allocation. The analysis in selecting underlying funds includes an assessment of a fund?s past performance, volatility and other risk characteristics, and correlation with other funds and benchmarks. It also includes an assessment of the underlying fund?s investment strategies, investment process and portfolio management team. The Fund does not have target ranges for the allocation of assets among asset classes or individual underlying funds and there is no maximum or minimum exposure that the Fund must maintain with respect to any asset class. Accordingly, the Fund?s exposure to different asset classes and underlying funds will be adjusted to take advantage of current or expected market conditions, or to manage risk. From time to time, the Fund may own a majority of the shares of an underlying fund managed by the Adviser. As of the date of this prospectus, the Fund intends to allocate substantially all of its assets among the North Square Dynamic Small Cap Fund, North Square Altrinsic International Equity Fund and North Square Preferred and Income Securities Fund, and expects to invest 25% or more of its assets in the North Square Dynamic Small Cap Fund and North Square Preferred and Income Securities Fund.

Allocation by sector

As of February 28, 2026 · N-PORT
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Portfolio moves

Nov 30, 2025 → Feb 28, 2026
Opened
0
Exited
0
Increased
6
Decreased
7
Unchanged
2

How 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.

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Advisers

As of May 31, 2025 · N-CEN
FirmRole
North Square Investments, LLC Adviser
CSM Advisors, LLC Sub-adviser

Footnotes

  1. Expense ratio as of September 26, 2025, from the fund's prospectus.
  2. Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
  3. 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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