North Square Small Cap Value Fund Investor Class Shares

This fund primarily concentrates on equity investments, committing at least 80% of its total capital (which can include borrowed funds) to common shares of smaller companies. These companies are chosen based on their market capitalization, which, at the time of acquisition, must be comparable to enterprises listed within the Russell 2000® Value Index. Up to 20% of the fund's portfolio may also be directed towards international securities, encompassing those from emerging markets, along with American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) traded on U.S. exchanges. Furthermore, the fund has the flexibility to allocate up to 20% of its assets to high-quality debt instruments, regardless of their duration.