North

Square

Spectrum

Alpha

Fund

Schedule

of

Investments

August

31,

2026

(Unaudited)

Sh

ar

e

s

F

a

i

r

V

a

lu

e

EXCHANGE-TRADED

FUNDS

—

1.4%

3,500

iShares®

Russell

2000

ETF

$

1,028,755‌

TOTAL

EXCHANGE-TRADED

FUNDS

(Cost $965,687)

1,028,755‌

MUTUAL

FUNDS

—

97.9%

1,988,570‌

North

Square

Dynamic

Small

Cap

Fund,

Class

I

(a)(b)

38,876,540‌

1,008,065‌

North

Square

Kennedy

MicroCap

Fund,

Class

I

(a)

16,612,913‌

999,222‌

North

Square

Select

Small

Cap

Fund,

Class

I

(a)

15,717,767‌

TOTAL

MUTUAL

FUNDS

(Cost $47,513,756)

71,207,220‌

SHORT-TERM

INVESTMENTS

—

0.8%

600,241‌

First

American

Treasury

Obligations

Fund,

Class

X,

3.60%

(c)

600,241‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$600,241)

600,241‌

TOTAL

INVESTMENTS

—

100.1%

(Cost

$49,079,684)

$

72,836,216‌

Liabilities

in

Excess

of

Other

Assets —

(

0.1)%

(48,530)

NET

ASSETS

—

100.0%

$

72,787,686‌

(a)

Affiliated

Company.

(b)

Represents

an

investment

greater

than

25%

of

the

Fund’s

net

assets.

Performance

of

the

Fund

may

be

adversely

impacted

by

concentrated

investments

in

securities.

As

of

August

31,

2026,

the

percentage

of

net

assets

invested

in

North

Square

Dynamic

Small

Cap

Fund,

Class

I

was

53.4%

of

the

Fund.

(c)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

August

31,

2026.

ETF

-

Exchange-Traded

Funds

North

Square

Dynamic

Small

Cap

Fund

Schedule

of

Investments

August

31,

2026

(Unaudited)

Sh

ar

e

s

F

a

i

r

V

a

lu

e

COMMON

STOCKS

—

99.5%

COMMUNICATIONS

—

1.6%

ADVERTISING

&

MARKETING

—

0.6%

47,080

Magnite

,

Inc.

(a)

$

1,105,909‌

225,923

MNTN,

Inc.

(a)

2,970,888‌

4,076,797‌

ENTERTAINMENT

CONTENT

—

0.4%

38,848

Starz

Entertainment

Corp.

(a)

1,028,501‌

48,530

Versant

Media

Group,

Inc.

1,995,553‌

3,024,054‌

INTERNET

MEDIA

&

SERVICES

—

0.3%

850,452

Nextdoor

Holdings,

Inc.

(a)

1,913,517‌

TELECOMMUNICATIONS

—

0.3%

107,450

Cogent

Communications

Holdings,

Inc.

1,025,073‌

394,522

Gogo,

Inc.

(a)

994,195‌

2,019,268‌

TOTAL COMMUNICATIONS

11,033,636‌

CONSUMER

DISCRETIONARY

—

11.6%

APPAREL

&

TEXTILE

PRODUCTS

—

0.7%

88,720

Levi

Strauss

&

Co.,

Class

A

1,841,827‌

19,144

Rocky

Brands,

Inc.

865,501‌

45,590

Steven

Madden

Ltd.

1,968,576‌

4,675,904‌

AUTOMOTIVE

—

2.4%

196,958

Dana,

Inc.

5,904,801‌

184,863

Garrett

Motion,

Inc.

4,982,058‌

20,130

Lear

Corp.

2,516,049‌

54,224

Standard

Motor

Products,

Inc.

2,045,329‌

26,410

Versigent

PLC

1,251,834‌

16,700,071‌

CONSUMER

SERVICES

—

3.3%

35,630

Adtalem

Global

Education,

Inc.

(a)

4,714,918‌

41,030

Bright

Horizons

Family

Solutions,

Inc.

(a)

3,043,606‌

20,124

Grand

Canyon

Education,

Inc.

(a)

2,980,968‌

144,368

Laureate

Education,

Inc.,

Class

A

(a)

5,418,131‌

41,030

Strategic

Education,

Inc.

3,398,925‌

46,515

Stride,

Inc.

(a)

4,032,385‌

23,588,933‌

E-COMMERCE

DISCRETIONARY

—

0.9%

79,560

FIGS,

Inc.,

Class

A

(a)

1,220,450‌

247,417

Revolve

Group,

Inc.

(a)

5,497,606‌

6,718,056‌

HOME

&

OFFICE

PRODUCTS

—

0.1%

8,175

Flexsteel

Industries,

Inc.

650,239‌

North

Square

Dynamic

Small

Cap

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

Sh

ar

e

s

F

a

i

r

V

a

lu

e

COMMON

STOCKS

—

99.5%

(Continued)

CONSUMER

DISCRETIONARY

—

11.6%

(Continued)

HOME

CONSTRUCTION

—

0.3%

36,919

Forestar

Group,

Inc.

(a)

$

1,043,700‌

16,325

Meritage

Homes

Corp.

1,133,445‌

2,177,145‌

LEISURE

FACILITIES

&

SERVICES

—

2.2%

142,332

Accel

Entertainment,

Inc.

(a)

1,656,744‌

98,639

Madison

Square

Garden

Entertainment

Corp.

(a)

7,663,264‌

443,744

Super

Group

(SGHC)

Ltd.

6,008,294‌

15,328,302‌

LEISURE

PRODUCTS

—

0.7%

43,580

Callaway

Golf

Co.

(a)

684,642‌

31,989

JAKKS

Pacific,

Inc.

803,244‌

166,340

Peloton

Interactive,

Inc.,

Class

A

(a)

891,582‌

35,490

Polaris,

Inc.

2,290,525‌

4,669,993‌

RETAIL

-

DISCRETIONARY

—

1.0%

3,260

Abercrombie

&

Fitch

Co.,

Class

A

(a)

466,441‌

54,290

Bath

&

Body

Works,

Inc.

1,045,082‌

20,870

Signet

Jewelers

Ltd.

1,717,184‌

21,960

Urban

Outfitters,

Inc.

(a)

1,771,952‌

21,600

Victoria's

Secret

&

Co.

(a)

1,844,856‌

6,845,515‌

TOTAL CONSUMER

DISCRETIONARY

81,354,158‌

CONSUMER

STAPLES

—

3.0%

BEVERAGES

—

1.4%

9,290

Coca-Cola

Consolidated,

Inc.

1,816,845‌

113,034

Vita

Coco

Co.,

Inc.

(The)

(a)

6,636,791‌

199,093

Westrock

Coffee

Co.

(a)

1,550,935‌

10,004,571‌

FOOD

—

0.9%

260,018

Dole

PLC

3,601,249‌

74,250

Herbalife

Ltd.

(a)

816,008‌

5,906

John

B

Sanfilippo

&

Son,

Inc.

435,213‌

30,325

Nature's

Sunshine

Products,

Inc.

(a)

429,099‌

3,770

Seneca

Foods

Corp.,

Class

A

(a)

747,553‌

26,992

USANA

Health

Sciences,

Inc.

(a)

384,906‌

6,414,028‌

HOUSEHOLD

PRODUCTS

—

0.2%

204,108

Honest

Co.,

Inc.

(The)

(a)

1,167,498‌

WHOLESALE

-

CONSUMER

STAPLES

—

0.5%

34,689

Chefs'

Warehouse,

Inc.

(The)

(a)

3,901,472‌

TOTAL CONSUMER

STAPLES

21,487,569‌

North

Square

Dynamic

Small

Cap

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

Sh

ar

e

s

F

a

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V

a

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e

COMMON

STOCKS

—

99.5%

(Continued)

ENERGY

—

6.7%

OIL

&

GAS

PRODUCERS

—

1.8%

145,956

HighPeak

Energy,

Inc.

$

1,195,380‌

701,550

Kosmos

Energy

Ltd.

(a)

2,006,433‌

52,133

PBF

Energy,

Inc.,

Class

A

3,805,188‌

11,141

Summit

Midstream

Corp.

(a)

388,041‌

15,300

Sunococorp

,

LLC

1,188,810‌

100,960

Talos

Energy,

Inc.

(a)

1,742,569‌

687,984

W&T

Offshore,

Inc.

2,552,421‌

12,878,842‌

OIL

&

GAS

SERVICES

&

EQUIPMENT

—

3.0%

77,343

Bristow

Group,

Inc.

3,510,599‌

33,802

Forum

Energy

Technologies,

Inc.

(a)

2,770,750‌

90,332

Matrix

Service

Co.

(a)

976,489‌

143,110

National

Energy

Services

Reunited

Corp.

(a)

5,024,592‌

311,022

Oil

States

International,

Inc.

(a)

2,743,214‌

110,822

Ranger

Energy

Services,

Inc.

1,850,727‌

69,790

Seadrill

Ltd.

(a)

3,400,169‌

124,596

Smart

Sand,

Inc.

656,621‌

20,933,161‌

RENEWABLE

ENERGY

—

1.9%

87,580

American

Superconductor

Corp.

(a)

2,514,422‌

52,814

EnerSys

9,710,382‌

63,759

Green

Plains,

Inc.

(a)

921,317‌

13,146,121‌

TOTAL ENERGY

46,958,124‌

FINANCIALS

—

16.2%

ASSET

MANAGEMENT

—

1.7%

11,749

Acadian

Asset

Management,

Inc.

1,106,756‌

25,649

First

Western

Financial,

Inc.

(a)

794,349‌

190,169

GCM

Grosvenor,

Inc.

2,622,430‌

19,410

Oppenheimer

Holdings,

Inc.,

Class

A

2,305,714‌

7,596

Virtus

Investment

Partners,

Inc.

1,257,138‌

115,838

Wealthfront

Corp.

(a)

1,066,868‌

161,410

Webull

Corp.

(a)

1,530,167‌

56,810

WisdomTree,

Inc.

1,366,849‌

12,050,271‌

BANKING

—

8.1%

127,724

Banc

of

California,

Inc.

2,378,221‌

35,397

Bank

of

Marin

Bancorp

940,852‌

12,714

Bankwell

Financial

Group,

Inc.

835,818‌

11,639

BayCom

Corp.

347,191‌

24,380

Beacon

Financial

Corp.

756,999‌

100,999

Bridgewater

Bancshares,

Inc.

(a)

2,128,049‌

13,440

Byline

Bancorp,

Inc.

509,645‌

North

Square

Dynamic

Small

Cap

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

Sh

ar

e

s

F

a

i

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V

a

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e

COMMON

STOCKS

—

99.5%

(Continued)

FINANCIALS

—

16.2%

(Continued)

BANKING

—

8.1%

(Continued)

32,810

California

BanCorp

$

698,197‌

93,443

Carter

Bankshares

,

Inc.

2,919,159‌

28,910

CF

Bankshares

,

Inc.

999,130‌

73,782

Colony

Bankcorp

,

Inc.

1,560,489‌

21,100

First

Bank

375,580‌

64,249

FVCBankcorp

,

Inc.

1,173,187‌

85,214

Hanmi

Financial

Corp.

2,641,634‌

133,276

Kearny

Financial

Corp.

1,315,434‌

114,911

Live

Oak

Bancshares,

Inc.

4,526,344‌

26,292

Metropolitan

Bank

Holding

Corp.

2,386,788‌

74,076

Midland

States

Bancorp,

Inc.

2,428,952‌

79,062

Northpointe

Bancshares,

Inc.

1,343,263‌

83,650

OFG

Bancorp

4,353,983‌

58,765

Orrstown

Financial

Services,

Inc.

2,450,501‌

58,644

Peapack

Gladstone

Financial

Corp.

2,617,868‌

34,888

Ponce

Financial

Group,

Inc.

(a)

707,529‌

84,842

Primis

Financial

Corp.

1,348,988‌

100,684

RBB

Bancorp

2,612,750‌

92,448

Shore

Bancshares,

Inc.

2,122,606‌

7,583

Southern

First

Bancshares,

Inc.

(a)

465,217‌

14,470

Southern

Missouri

Bancorp,

Inc.

1,064,847‌

11,121

Timberland

Bancorp,

Inc.

507,006‌

30,784

Univest

Financial

Corp.

1,278,152‌

250,190

Valley

National

Bancorp

3,412,592‌

49,314

WSFS

Financial

Corp.

3,819,369‌

57,026,340‌

INSTITUTIONAL

FINANCIAL

SERVICES

—

2.4%

523,804

BGC

Group,

Inc.,

Class

A

6,290,886‌

143,370

Marex

Group

Ltd.

10,391,458‌

16,682,344‌

INSURANCE

—

3.5%

60,646

American

Integrity

Insurance

Group,

Inc.

(a)

1,576,796‌

12,880

Hamilton

Insurance

Group

Ltd.,

Class

B

(a)

452,861‌

26,072

Heritage

Insurance

Holdings,

Inc.

(a)

876,541‌

82,630

Jackson

Financial,

Inc.

11,025,321‌

85,770

Kemper

Corp.

2,416,998‌

53,246

Mercury

General

Corp.

5,428,962‌

117,119

Pelagos

Insurance

Capital

Ltd.

2,858,875‌

16,080

Slide

Insurance

Holdings,

Inc.

373,860‌

25,010,214‌

SPECIALTY

FINANCE

—

0.5%

5,970

Bread

Financial

Holdings,

Inc.

623,686‌

North

Square

Dynamic

Small

Cap

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

Sh

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F

a

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V

a

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e

COMMON

STOCKS

—

99.5%

(Continued)

FINANCIALS

—

16.2%

(Continued)

SPECIALTY

FINANCE

—

0.5%

(Continued)

167,070

LendingClub

Corp.

(a)

$

2,937,090‌

3,560,776‌

TOTAL FINANCIALS

114,329,945‌

HEALTH

CARE

—

18.0%

BIOTECH

&

PHARMA

—

13.4%

145,350

ADMA

Biologics,

Inc.

(a)

1,364,836‌

65,394

Agios

Pharmaceuticals,

Inc.

(a)

2,202,470‌

1,763

Axsome

Therapeutics,

Inc.

(a)

349,991‌

81,660

Bicara

Therapeutics,

Inc.

(a)

1,887,979‌

338,936

Biohaven

Ltd.

(a)

5,175,553‌

21,430

BridgeBio

Pharma,

Inc.

(a)

1,641,324‌

144,563

Celldex

Therapeutics,

Inc.

(a)

5,729,032‌

411,366

Compass

Therapeutics,

Inc.

(a)

983,165‌

17,440

Disc

Medicine,

Inc.

(a)

1,371,656‌

206,123

Fortrea

Holdings,

Inc.

(a)

3,786,480‌

18,790

Harmony

Biosciences

Holdings,

Inc.

(a)

739,950‌

77,470

Iovance

Biotherapeutics,

Inc.

(a)

632,930‌

303,094

Janux

Therapeutics,

Inc.

(a)

5,522,373‌

51,510

Kodiak

Sciences,

Inc.

(a)

1,923,899‌

240,434

Kura

Oncology,

Inc.

(a)

3,041,490‌

49,614

Liquidia

Corp.

(a)

3,382,186‌

184,573

Mineralys

Therapeutics,

Inc.

(a)

4,737,989‌

130,860

MoonLake

Immunotherapeutics

(a)

1,969,443‌

133,681

Nuvation

Bio,

Inc.

(a)

890,315‌

43,780

Ocular

Therapeutix

,

Inc.

(a)

459,252‌

410,617

ORIC

Pharmaceuticals,

Inc.

(a)

5,333,915‌

16,951

Phibro

Animal

Health

Corp.,

Class

A

639,731‌

2,890

Praxis

Precision

Medicines,

Inc.

(a)

1,012,367‌

22,780

Protagonist

Therapeutics,

Inc.

(a)

3,365,745‌

73,069

Rapport

Therapeutics,

Inc.

(a)

3,556,268‌

5,050

Rhythm

Pharmaceuticals,

Inc.

(a)

535,957‌

293,987

Savara

,

Inc.

(a)

1,584,590‌

107,281

Septerna

,

Inc.

(a)

4,092,770‌

74,238

Solid

Biosciences,

Inc.

(a)

711,200‌

238,390

Syndax

Pharmaceuticals,

Inc.

(a)

4,598,543‌

104,930

Tango

Therapeutics,

Inc.

(a)

2,396,601‌

53,740

Travere

Therapeutics,

Inc.

(a)

3,561,887‌

58,212

Tyra

Biosciences,

Inc.

(a)

1,457,046‌

32,670

Ultragenyx

Pharmaceutical,

Inc.

(a)

823,611‌

11,035

Vaxcyte

,

Inc.

(a)

670,266‌

86,137

Viridian

Therapeutics,

Inc.

(a)

1,994,933‌

326,966

Wave

Life

Sciences,

Inc.

(a)

1,602,133‌

91,397

Xenon

Pharmaceuticals,

Inc.

(a)

5,503,927‌

North

Square

Dynamic

Small

Cap

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

Sh

ar

e

s

F

a

i

r

V

a

lu

e

COMMON

STOCKS

—

99.5%

(Continued)

HEALTH

CARE

—

18.0%

(Continued)

BIOTECH

&

PHARMA

—

13.4%

(Continued)

397,728

Xeris

Biopharma

Holdings,

Inc.

(a)

$

3,356,824‌

94,590,627‌

HEALTH

CARE

FACILITIES

&

SERVICES

—

1.4%

204,749

Ardent

Health,

Inc.

(a)

2,215,384‌

406,927

Aveanna

Healthcare

Holdings,

Inc.

(a)

5,460,960‌

94,658

InnovAge

Holding

Corp.

(a)

1,022,307‌

139,770

Viemed

Healthcare,

Inc.

(a)

1,235,567‌

9,934,218‌

MEDICAL

EQUIPMENT

&

DEVICES

—

3.2%

40,130

Adaptive

Biotechnologies

Corp.

(a)

1,000,039‌

465,925

Butterfly

Network,

Inc.

(a)

3,676,148‌

614,892

Cerus

Corp.

(a)

1,623,315‌

11,150

Conmed

Corp.

555,827‌

225,563

Delcath

Systems,

Inc.

(a)

3,712,767‌

109,040

Envista

Holdings

Corp.

(a)

2,959,346‌

61,137

NeuroPace

,

Inc.

(a)

895,657‌

282,460

NovoCure

Ltd.

(a)

4,985,419‌

222,493

RxSight

,

Inc.

(a)

1,630,874‌

61,083

STAAR

Surgical

Co.

(a)

1,379,865‌

22,419,257‌

TOTAL HEALTH

CARE

126,944,102‌

INDUSTRIALS

—

16.4%

AEROSPACE

&

DEFENSE

—

1.8%

65,362

AerSale

Corp.

(a)

358,837‌

81,360

Astronics

Corp.

(a)

5,993,791‌

12,483

Innovative

Solutions

and

Suport

,

Inc.

(a)

237,177‌

10,530

Mercury

Systems,

Inc.

(a)

919,585‌

12,721

Moog,

Inc.,

Class

A

4,725,852‌

34,860

Redwire

Corp.

(a)

373,002‌

12,608,244‌

COMMERCIAL

SUPPORT

SERVICES

—

3.2%

48,975

CorVel

Corp.

(a)

3,373,398‌

170,983

GEO

Group,

Inc.

(The)

(a)

5,438,969‌

48,483

Innodata,

Inc.

(a)

2,735,411‌

19,640

ManpowerGroup,

Inc.

1,236,338‌

51,595

TriNet

Group,

Inc.

3,626,613‌

79,319

V2X

Inc.

(a)

6,120,254‌

22,530,983‌

ELECTRICAL

EQUIPMENT

—

1.1%

2,037

Argan,

Inc.

865,705‌

90,710

Babcock

&

Wilcox

Enterprises,

Inc.

(a)

683,953‌

480,553

Evolv

Technologies

Holdings,

Inc.

(a)

2,503,681‌

North

Square

Dynamic

Small

Cap

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

Sh

ar

e

s

F

a

i

r

V

a

lu

e

COMMON

STOCKS

—

99.5%

(Continued)

INDUSTRIALS

—

16.4%

(Continued)

ELECTRICAL

EQUIPMENT

—

1.1%

(Continued)

86,359

nLight

,

Inc.

(a)

$

3,650,395‌

7,703,734‌

ENGINEERING

&

CONSTRUCTION

—

4.8%

125,809

Centuri

Holdings,

Inc.

(a)

2,567,761‌

49,895

Concrete

Pumping

Holdings,

Inc.

(a)

450,552‌

66,317

Energy

Services

of

America

Corp.

772,593‌

47,376

Everus

Construction

Group,

Inc.

(a)

5,454,399‌

95,553

Frontdoor

,

Inc.

(a)

7,727,371‌

85,465

MISTRAS

Group,

Inc.

(a)

1,603,323‌

21,816

MYR

Group,

Inc.

(a)

6,357,619‌

166,093

TSS,

Inc.

(a)

1,307,152‌

85,992

Tutor

Perini

Corp.

7,612,012‌

33,852,782‌

INDUSTRIAL

INTERMEDIATE

PROD

—

0.1%

9,346

Park-Ohio

Holdings

Corp.

421,785‌

INDUSTRIAL

INTERMEDIATE

PRODUCTS

—

0.4%

65,922

Insteel

Industries,

Inc.

1,984,252‌

18,058

Mueller

Industries,

Inc.

1,127,000‌

3,111,252‌

INDUSTRIAL

SUPPORT

SERVICES

—

0.5%

358,066

Custom

Truck

One

Source,

Inc.

(a)

3,297,788‌

MACHINERY

—

1.9%

7,735

Albany

International

Corp.,

Class

A

428,751‌

57,458

Douglas

Dynamics,

Inc.

2,359,800‌

9,315

Eastman

Kodak

Co.

(a)

83,649‌

8,620

Ichor

Holdings

Ltd.

(a)

461,773‌

50,800

Kennametal,

Inc.

1,490,472‌

97,361

Luxfer

Holdings

PLC

1,672,662‌

120,375

Manitowoc

Company,

Inc.

(The)

(a)

2,337,683‌

109,408

Mueller

Water

Products,

Inc.,

Class

A

2,641,109‌

56,824

Power

Solutions

International,

Inc.

(a)

2,063,279‌

13,539,178‌

TRANSPORTATION

&

LOGISTICS

—

2.6%

30,943

Covenant

Logistics

Group,

Inc.,

Class

A

1,093,835‌

88,920

DHT

Holdings,

Inc.

1,742,832‌

81,324

Dorian

LPG

Ltd.

4,069,453‌

122,965

Genco

Shipping

&

Trading

Ltd.

3,225,372‌

23,660

Kirby

Corp.

(a)

3,356,407‌

241,231

Pangaea

Logistics

Solutions

Ltd.

1,958,796‌

166,601

Safe

Bulkers,

Inc.

1,437,767‌

North

Square

Dynamic

Small

Cap

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

Sh

ar

e

s

F

a

i

r

V

a

lu

e

COMMON

STOCKS

—

99.5%

(Continued)

INDUSTRIALS

—

16.4%

(Continued)

TRANSPORTATION

&

LOGISTICS

—

2.6%

(Continued)

16,420

Scorpio

Tankers,

Inc.

$

1,294,881‌

18,179,343‌

TOTAL INDUSTRIALS

115,245,089‌

MATERIALS

—

5.2%

CHEMICALS

—

1.8%

48,890

Balchem

Corp.

8,599,262‌

8,840

Materion

Corp.

2,086,947‌

345,360

Tronox

Holdings

PLC,

Class

A

1,826,955‌

12,513,164‌

CONSTRUCTION

MATERIALS

—

0.2%

4,783

NWPX

Infrastructure,

Inc.

(a)

525,747‌

7,652

United

States

Lime

&

Minerals,

Inc.

903,931‌

1,429,678‌

CONTAINERS

&

PACKAGING

—

1.1%

107,390

Ardagh

Metal

Packaging

SA

545,541‌

325,573

Graphic

Packaging

Holding

Co.

3,646,418‌

59,627

Karat

Packaging,

Inc.

2,840,630‌

198,387

Ranpak

Holdings

Corp.

(a)

942,338‌

7,974,927‌

FORESTRY,

PAPER

&

WOOD

PRODUCTS

—

0.3%

162,441

Magnera

Corp.

(a)

2,040,259‌

METALS

&

MINING

—

1.8%

150,993

Constellium

SE,

Class

A

(a)

3,990,745‌

94,459

Dakota

Gold

Corp.

(a)

574,311‌

79,720

Ivanhoe

Electric,

Inc.

(a)

881,703‌

36,822

Kaiser

Aluminum

Corp.

5,846,597‌

181,876

Novagold

Resources,

Inc.

(a)

1,564,134‌

12,857,490‌

TOTAL MATERIALS

36,815,518‌

REAL

ESTATE

—

6.4%

REAL

ESTATE

SERVICES

—

1.8%

432,728

Cushman

&

Wakefield

Ltd.

(a)

5,837,501‌

430,522

Newmark

Group,

Inc.,

Class

A

6,556,850‌

12,394,351‌

REIT

—

4.6%

27,862

American

Assets

Trust,

Inc.

625,780‌

7,960

CBL

&

Associates

Properties,

Inc.

435,332‌

49,718

Chatham

Lodging

Trust

647,825‌

105,880

CoreCivic

,

Inc.

(a)

3,517,334‌

219,309

DiamondRock

Hospitality

Co.

2,699,694‌

55,846

EPR

Properties

3,278,719‌

156,460

Hudson

Pacific

Properties,

Inc.

(a)

1,966,702‌

North

Square

Dynamic

Small

Cap

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

Sh

ar

e

s

F

a

i

r

V

a

lu

e

COMMON

STOCKS

—

99.5%

(Continued)

REAL

ESTATE

—

6.4%

(Continued)

REIT

—

4.6%

(Continued)

199,587

Industrial

Logistics

Properties

Trust

$

1,647,591‌

251,476

Outfront

Media,

Inc.

7,388,365‌

15,234

Postal

Realty

Trust,

Inc.,

Class

A

357,237‌

107,977

RLJ

Lodging

Trust

1,192,066‌

106,720

Sabra

Health

Care

REIT,

Inc.

2,176,021‌

35,007

Safehold,

Inc.

530,006‌

451,168

Summit

Hotel

Properties,

Inc.

2,639,333‌

181,556

Xenia

Hotels

&

Resorts,

Inc.

3,404,175‌

32,506,180‌

TOTAL REAL

ESTATE

44,900,531‌

TECHNOLOGY

—

12.0%

SEMICONDUCTORS

—

2.7%

14,170

Aehr

Test

Systems

(a)

1,123,256‌

34,301

Ambiq

Micro,

Inc.

(a)

2,000,091‌

41,962

Arteris

,

Inc.

(a)

918,129‌

107,479

Kulicke

&

Soffa

Industries,

Inc.

8,604,769‌

69,279

MaxLinear

,

Inc.,

Class

A

(a)

4,150,505‌

79,890

Navitas

Semiconductor

Corp.

(a)

925,925‌

32,942

Richardson

Electronics

Ltd.

570,555‌

20,940

Wolfspeed

,

Inc.

(a)

573,756‌

18,866,986‌

SOFTWARE

—

7.4%

524,439

8x8,

Inc.

(a)

985,945‌

49,390

ACV

Auctions,

Inc.,

Class

A

347,212‌

77,230

BILL

Holdings,

Inc.

(a)

3,802,033‌

80,570

Calix,

Inc.

(a)

3,071,328‌

113,611

Cerence

,

Inc.

(a)

958,877‌

96,151

Donnelley

Financial

Solutions,

Inc.

(a)

4,644,093‌

59,050

Doximity,

Inc.,

Class

A

(a)

1,577,226‌

23,820

Elastic

NV

(a)

2,323,641‌

527,357

Evolent

Health,

Inc.,

Class

A

(a)

2,373,107‌

335,206

Freshworks

,

Inc.,

Class

A

(a)

4,666,068‌

41,340

GigaCloud

Technology,

Inc.,

Class

A

(a)

2,006,230‌

67,410

Gitlab,

Inc.,

Class

A

(a)

3,137,261‌

90,497

Mitek

Systems,

Inc.

(a)

1,670,575‌

300,430

Netskope,

Inc.

(a)

4,599,583‌

47,506

Omada

Health,

Inc.

(a)

1,166,272‌

213,183

Pattern

Group,

Inc.

(a)

4,419,284‌

115,614

Phreesia,

Inc.

(a)

1,411,647‌

4,970

Red

Violet

Inc

(a)

363,605‌

279,030

SentinelOne

,

Inc.,

Class

A

(a)

6,166,563‌

202,385

Silvaco

Group,

Inc.

(a)

1,404,552‌

35,280

Sprout

Social,

Inc.,

Class

A

(a)

401,486‌

North

Square

Dynamic

Small

Cap

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

Sh

ar

e

s

F

a

i

r

V

a

lu

e

COMMON

STOCKS

—

99.5%

(Continued)

TECHNOLOGY

—

12.0%

(Continued)

SOFTWARE

—

7.4%

(Continued)

17,790

Varonis

Systems,

Inc.

(a)

$

778,668‌

52,275,256‌

TECHNOLOGY

HARDWARE

—

0.7%

8,930

Applied

Optoelectronics,

Inc.

(a)

961,672‌

109,838

Arlo

Technologies,

Inc.

(a)

1,444,370‌

17,450

D-Wave

Quantum,

Inc.

(a)

300,140‌

14,300

NCR

Atleos

Corp.

(a)

656,656‌

4,270

Vicor

Corp.

(a)

801,393‌

149,695

Xperi

,

Inc.

(a)

889,188‌

5,053,419‌

TECHNOLOGY

SERVICES

—

1.2%

305,850

Bitdeer

Technologies

Group

(a)

3,318,473‌

28,060

Core

Scientific,

Inc.

(a)

457,378‌

61,189

ExlService

Holdings,

Inc.

(a)

2,330,077‌

9,985

Hut

8

Corp.

(a)

785,220‌

95,652

PagSeguro

Digital

Ltd.,

Class

A

862,781‌

182,422

Telos

Corp.

(a)

879,274‌

8,633,203‌

TOTAL TECHNOLOGY

84,828,864‌

UTILITIES

—

2.4%

ELECTRIC

UTILITIES

—

1.7%

121,530

Avista

Corp.

4,516,055‌

88,440

Portland

General

Electric

Co.

4,321,178‌

243,611

XPLR

Infrastructure

LP

(a)

2,923,332‌

11,760,565‌

GAS

&

WATER

UTILITIES

—

0.7%

59,460

Southwest

Gas

Holdings,

Inc.

5,252,102‌

TOTAL UTILITIES

17,012,667‌

TOTAL

COMMON

STOCKS

(Cost $621,312,944)

700,910,203‌

EXCHANGE-TRADED

FUNDS

—

0.1%

1,191

iShares®

Russell

2000

ETF

350,071‌

TOTAL

EXCHANGE-TRADED

FUNDS

(Cost $352,949)

350,071‌

RIGHTS

—

0.0%

(b)

HEALTH

CARE

—

0.0%

(b)

29,400‌

Novartis

A.G.

CVR

(a)

—‌

TOTAL

RIGHTS

(Cost $–)

—‌

North

Square

Dynamic

Small

Cap

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

Sh

ar

e

s

F

a

i

r

V

a

lu

e

SHORT-TERM

INVESTMENTS

—

0.6%

4,052,724‌

First

American

Treasury

Obligations

Fund,

Class

X,

3.60%

(c)

$

4,052,724‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$4,052,724)

4,052,724‌

TOTAL

INVESTMENTS

—

100.2%

(Cost

$625,718,617)

$

705,312,998‌

Liabilities

in

Excess

of

Other

Assets —

(0.2)%

(1,080,640)

NET

ASSETS

—

100.0%

$

704,232,358‌

(a)

Non-income

producing

security.

(b)

Percentage

rounds

to

less

than

0.1%.

(c)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

August

31,

2026.

ETF

-

Exchange-Traded

Funds

North

Square

Multi

Strategy

Fund

Schedule

of

Investments

August

31,

2026

(Unaudited)

Sh

ar

e

s

F

a

i

r

V

a

lu

e

EXCHANGE-TRADED

FUNDS

—

56.9%

20,200

iShares®

MSCI

EAFE

ETF

$

2,170,490‌

8,900

iShares®

MSCI

Emerging

Markets

ETF

596,478‌

160,000

North

Square

Disciplined

Value

ETF

(a)

4,167,760‌

220,000

North

Square

Growth

Opportunities

ETF

(a)

5,501,364‌

138,931

North

Square

RCIM

Tax-Advantaged

Preferred

and

Income

Securities

ETF

(a)

3,519,817‌

19,400

Vanguard®

Dividend

Appreciation

ETF

4,696,158‌

17,000

Vanguard®

Morningstar

Growth

ETF

1,500,080‌

TOTAL

EXCHANGE-TRADED

FUNDS

(Cost $19,417,253)

22,152,147‌

MUTUAL

FUNDS

—

42.3%

337,681‌

North

Square

Altrinsic

International

Equity

Fund,

Class

I

(a)

4,514,790‌

274,999‌

North

Square

Dynamic

Small

Cap

Fund,

Class

I

(a)

5,376,227‌

90,491‌

North

Square

Kennedy

MicroCap

Fund,

Class

I

(a)

1,491,287‌

358,355‌

North

Square

McKee

Bond

Fund,

Class

I

(a)

3,106,941‌

52,718‌

North

Square

Select

Small

Cap

Fund,

Class

I

(a)

829,258‌

118,857‌

North

Square

Strategic

Income

Fund,

Class

I

(a)

1,160,045‌

TOTAL

MUTUAL

FUNDS

(Cost $12,303,548)

16,478,548‌

SHORT-TERM

INVESTMENTS

—

0.8%

294,715‌

First

American

Treasury

Obligations

Fund,

Class

X,

3.60%

(b)

294,715‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$294,715)

294,715‌

TOTAL

INVESTMENTS

—

100.0%

(Cost

$32,015,516)

$

38,925,410‌

Other

Assets

in

Excess

of

Liabilities

—

0.0%

(c)

10,235

NET

ASSETS

—

100.0%

$

38,935,645‌

(a)

Affiliated

Company.

(b)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

August

31,

2026.

(c)

Percentage

rounds

to

less

than

0.1%.

ETF

-

Exchange-Traded

Funds

MSCI

-

Morgan

Stanley

Capital

International

North

Square

Preferred

and

Income

Securities

Fund

Schedule

of

Investments

August

31,

2026

(Unaudited)

Sh

ar

e

s

F

a

i

r

V

a

lu

e

PREFERRED

STOCKS

—

0.1%

UTILITIES

—

0.1%

ELECTRIC

UTILITIES

—

0.1%

5,524

NextEra

Energy,

Inc.,

7.30%

$

282,000‌

TOTAL

UTILITIES

282,000‌

TOTAL

PREFERRED

STOCKS

(Cost $294,498)

282,000‌

EXCHANGE-TRADED

FUNDS

—

1.3%

189,692

North

Square

RCIM

Tax-Advantaged

Preferred

and

Income

Securities

ETF

(a)

4,805,847‌

TOTAL

EXCHANGE-TRADED

FUNDS

(Cost $4,800,323)

4,805,847‌

P

r

i

nc

i

p

a

l

Amo

u

nt

($)

CORPORATE

BONDS

—

93.1%

COMMUNICATIONS

—

12.5%

ENTERTAINMENT

CONTENT

—

1.5%

7,000,000

Paramount

Global,

6.25%,

2/28/57

(b)

5,439,680‌

TELECOMMUNICATIONS

—

11.0%

4,800,000

Bell

Canada,

7.00%,

9/15/55

(H15T5Y

+

236bps)

(b)

4,852,013‌

11,000,000

Rogers

Communications,

Inc.,

7.13%,

4/15/55

(H15T5Y

+

262bps)

(b)

11,079,703‌

8,000,000

TELUS

Corp.,

7.00%,

10/15/55

(b)

7,941,778‌

8,800,000

Verizon

Communications,

Inc.,

6.05%,

5/14/58

(H15T5Y

+

181bps)

(b)

8,595,065‌

5,000,000

Verizon

Communications,

Inc.,

6.60%,

2/15/59

(H15T5Y

+

205bps)

(b)

5,004,952‌

5,000,000

Vodafone

Group

PLC,

5.13%,

6/04/81

(H15T5Y

+

307bps)

(b)(c)

3,690,203‌

41,163,714‌

TOTAL COMMUNICATIONS

46,603,394‌

ENERGY

—

16.5%

OIL

&

GAS

PRODUCERS

—

16.5%

5,000,000

BP

Capital

Markets

PLC,

6.13%,

6/18/55

(H15T5Y

+

167bps)

(b)(d)

4,970,966‌

5,500,000

Enbridge,

Inc.,

7.20%,

6/27/54

(H15T5Y

+

297bps)

(b)

5,763,533‌

3,000,000

Enbridge,

Inc.,

7.63%,

1/15/83

(H15T5Y

+

517bps)

(b)

3,229,518‌

11,815,000

Energy

Transfer

LP,

6.63%,

2/15/72

(SOFRRATE

+

416bps)

(b)(d)

11,894,444‌

6,000,000

Petroleos

Mexicanos

,

6.63%,

9/28/99

(d)

4,658,190‌

3,000,000

Phillips

66

Co.,

5.88%,

3/15/56

(H15T5Y

+

228bps)

(b)

2,964,471‌

9,000,000

Phillips

66

Co.,

6.20%,

3/15/56

(H15T5Y

+

217bps)

(b)

8,894,379‌

8,225,000

South

Bow

Canadian

Infrastructure

Holdings

Ltd.,

7.50%,

3/01/55

(b)

8,635,090‌

2,000,000

Transcanada

Trust,

5.50%,

9/15/79

(b)

1,976,692‌

8,420,000

Venture

Global

LNG,

Inc.,

9.00%,

12/31/99

(H15T5Y

+

5bps)

(b)(c)(d)

8,539,197‌

61,526,480‌

TOTAL ENERGY

61,526,480‌

FINANCIALS

—

27.6%

ASSET

MANAGEMENT

—

5.5%

10,000,000

Charles

Schwab

Corp.

(The),

4.00%,

12/31/49

(H15T10Y

+

308bps)

(b)(d)

9,312,189‌

North

Square

Preferred

and

Income

Securities

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

P

r

i

nc

i

p

a

l

Amo

u

nt

($)

F

a

i

r

V

a

lu

e

CORPORATE

BONDS

—

93.1%

(Continued)

FINANCIALS

—

27.6%

(continued)

ASSET

MANAGEMENT

—

5.5%

(continued)

3,800,000

UBS

Group

AG,

7.13%,

12/31/49

(USISSO05

+

318bps)

(b)(c)(d)

$

3,828,485‌

8,000,000

UBS

Group

AG,

4.38%,

8/10/71

(b)(d)

7,299,392‌

20,440,066‌

BANKING

—

20.8%

2,000,000

Banco

Bilbao

Vizcaya

Argentaria

SA,

6.13%,

2/16/49

(USSW5

+

387bps)

(b)(d)

2,003,912‌

6,000,000

Banco

Santander

SA,

8.00%,

12/31/49

(H15T5Y

+

391bps)

(b)(d)

6,413,007‌

7,500,000

Bank

of

America

Corp.,

6.63%,

12/31/49

(H15T5Y

+

3bps)

(b)(d)

7,696,890‌

10,000,000

Citigroup,

Inc.,

6.95%,

2/15/80

(H15T5Y

+

273bps)

(b)(d)

10,124,600‌

2,000,000

Citigroup,

Inc.,

6.63%,

5/15/99

(d)

2,029,556‌

6,405,000

Citizens

Financial

Group,

Inc.,

4.00%,

10/06/71

(b)(d)

6,387,729‌

6,800,000

HSBC

Holdings

PLC,

4.60%,

12/31/99

(H15T5Y

+

365bps)

(b)(d)

6,345,334‌

6,000,000

Huntington

Bancshares,

Inc.,

6.25%,

10/15/80

(H15T5Y

+

265bps)

(b)(d)

6,047,608‌

3,500,000

ING

Groep

NV,

4.25%,

10/16/69

(H15T5Y

+

286bps)

(b)(d)

3,142,527‌

12,000,000

Nordea

Bank

Abp

,

6.75%,

11/10/88

(H15T5Y

+

272bps)

(b)(c)(d)

12,033,216‌

10,000,000

Royal

Bank

of

Canada,

6.50%,

11/24/85

9,659,859‌

6,000,000

Svenska

Handelsbanken

AB,

4.75%,

3/01/71

(b)(d)

5,707,204‌

77,591,442‌

INSTITUTIONAL

FINANCIAL

SERVICES

—

1.3%

4,839,000

Bank

of

New

York

Mellon

Corp.,

4.63%,

12/20/49

4,840,929‌

TOTAL FINANCIALS

102,872,437‌

HEALTH

CARE

—

3.0%

HEALTH

CARE

FACILITIES

&

SERVICES

—

3.0%

4,000,000

CVS

Health

Corp.,

6.75%,

12/10/54

(H15T5Y

+

252bps)

(b)

4,105,324‌

5,000,000

CVS

Health

Corp.,

7.00%,

3/10/55

(H15T5Y

+

289bps)

(b)

5,164,417‌

2,000,000

Humana,

Inc.,

6.63%,

9/15/56

(b)

1,983,935‌

11,253,676‌

TOTAL HEALTH

CARE

11,253,676‌

MATERIALS

—

1.7%

CHEMICALS

—

1.7%

8,400,000

FMC

Corp.,

8.45%,

11/01/55

(b)

6,213,325‌

TOTAL MATERIALS

6,213,325‌

UTILITIES

—

31.8%

ELECTRIC

UTILITIES

—

29.3%

7,000,000

Algonquin

Power

&

Utilities

Corp.,

4.75%,

1/18/82

(b)

6,957,696‌

9,500,000

American

Electric

Power

Co.,

Inc.,

6.05%,

3/15/56

(H15T5Y

+

194bps)

(b)

9,245,830‌

7,650,000

CenterPoint

Energy,

Inc.,

6.85%,

2/15/55

(H15T5Y

+

295bps)

(b)

7,944,938‌

9,000,000

Dominion

Energy,

Inc.,

6.20%,

2/15/56

(H15T10Y

+

201bps)

(b)

8,828,656‌

9,000,000

DTE

Energy

Co.,

6.20%,

7/01/58

(H15T5Y

+

181bps)

(b)

8,968,226‌

8,500,000

Duke

Energy

Corp.,

6.45%,

9/01/54

(H15T5Y

+

259bps)

(b)

8,698,985‌

9,000,000

Emera

US

Finance

LLC,

6.85%,

10/01/56

(H15T5Y

+

265bps)

(b)

9,033,966‌

4,078,000

Evergy

,

Inc.,

6.65%,

6/01/55

(H15T5Y

+

256bps)

(b)

4,118,164‌

North

Square

Preferred

and

Income

Securities

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

P

r

i

nc

i

p

a

l

Amo

u

nt

($)

F

a

i

r

V

a

lu

e

CORPORATE

BONDS

—

93.1%

(Continued)

UTILITIES

—

31.8%

(continued)

ELECTRIC

UTILITIES

—

29.3%

(continued)

5,000,000

Eversource

Energy,

6.35%,

8/15/56

(H15T5Y

+

233bps)

(b)

$

4,988,913‌

10,000,000

Exelon

Corp.,

6.50%,

3/15/55

(H15T5Y

+

198bps)

(b)

10,084,280‌

8,700,000

NextEra

Energy

Capital

Holdings,

Inc.,

6.50%,

8/15/55

(H15T5Y

+

198bps)

(b)

8,749,686‌

10,792,000

NiSource,

Inc.,

6.38%,

3/31/55

(H15T5Y

+

253bps)

(b)

10,883,840‌

9,762,000

Vistra

Corp.,

8.88%,

12/31/49

(H15T5Y

+

505bps)

(b)(c)(d)

10,410,451‌

108,913,631‌

GAS

&

WATER

UTILITIES

—

2.5%

8,000,000

AltaGas

Ltd.,

7.20%,

10/15/54

(H15T5Y

+

357bps)

(b)(c)

8,279,560‌

1,000,000

Southern

Company

Gas

Capital

Corp.,

6.05%,

9/15/56

(b)

993,993‌

9,273,553‌

TOTAL UTILITIES

118,187,184‌

TOTAL

CORPORATE

BONDS

(Cost $346,509,531)

346,656,496‌

U.S.

GOVERNMENT

&

AGENCIES

—

2.1%

U.S.

TREASURY

NOTES

—

2.1%

6,000,000‌

United

States

Treasury

Note/Bond,

3.88

%

,

3/31/28

5,959,922‌

2,000,000‌

United

States

Treasury

Note/Bond,

3.50

%

,

3/15/29

1,958,398‌

TOTAL

U.S.

GOVERNMENT

&

AGENCIES

(Cost $7,992,198)

7,918,320‌

Sh

ar

e

s

SHORT-TERM

INVESTMENTS

—

1.8%

6,562,670‌

First

American

Treasury

Obligations

Fund,

Class

X,

3.60%

(e)

6,562,670‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$6,562,670)

6,562,670‌

TOTAL

INVESTMENTS

—

98.4%

(Cost

$366,159,220)

$

366,225,333‌

Other

Assets

in

Excess

of

Liabilities

—

1.6%

6,057,950

NET

ASSETS

—

100.0%

$

372,283,283‌

(a)

Affiliated

Company.

(b)

Variable

rate

security.

Interest

rate

resets

periodically.

The

rate

shown

is

the

effective

interest

rate

as

of

August

31,

2026.

For

securities

based

on

a

published

reference

rate

and

spread,

the

reference

rate

and

spread

(in

basis

points)

are

indicated

parenthetically.

Certain

variable

rate

securities

are

not

based

on

a

published

reference

rate

and

spread

but

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.

These

securities,

therefore,

do

not

indicate

a

reference

rate

and

spread.

(c)

Security

exempt

from

registration

under

Rule

144A

or

Section

4(2)

of

the

Securities

Act

of

1933.

The

security

may

be

resold

in

transactions

exempt

from

registration,

normally

to

qualified

institutional

buyers.

As

of

August

31,

2026

the

total

market

value

of

144A

securities

is

$46,781,112

or

12.6%

of

net

assets.

(d)

Security

is

perpetual

in

nature

and

has

no

stated

maturity

date.

(e)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

August

31,

2026.

ETF

-

Exchange-Traded

Fund

-

5-Year

U.S.

Treasury

Constant

Maturity

Rate

-

10-Year

U.S.

Treasury

Constant

Maturity

Rate

North

Square

Preferred

and

Income

Securities

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

-

5-Year

U.S.

Dollar

SOFR

ICE

Swap

Rate

-

USD

5

Years

Interest

Rate

Swap

Bond

Yield

North

Square

Preferred

and

Income

Securities

Fund

Schedule

of

Future

Contracts

August

31,

2026

(Unaudited)

Contracts

Long

Contracts

Expiration

Date

Notional

Amount

Value

and

Unrealized

Appreciation

(Depreciation)

194

10-Year

U.S.

Treasury

Note

Future

12/22/2026

$

20,885,313‌

$

(148,531‌)

$

(148,531‌)

North

Square

Preferred

&

Income

Securities

Fund

Schedule

of

Credit

Default

Swap

Contracts

August

31,

2026

(Unaudited)

*

Buy

Protection

CENTRALLY

CLEARED

CREDIT

DEFAULT

SWAP

CONTRACTS

Description

Fixed

Deal

(Pay)Rate

Maturity

Date

Notional

Value

Fair

Value

Amortized

Upfront

Payments

Paid/

(Received)

Unrealized

Appreciation

(Depreciation)

CDX.NA.IG

Series

46*

1.00%

6/20/2031

$

135,000,000‌

(2,880,340‌)

(2,563,894‌)

$

(316,446‌)

$

(316,446‌)

North

Square

Tactical

Growth

Fund

Schedule

of

Investments

August

31,

2026

(Unaudited)

Sh

ar

e

s

F

a

i

r

V

a

lu

e

EXCHANGE-TRADED

FUNDS

—

90.1%

153,075

Invesco

QQQ

Trust,

Series

1

$

109,718,037‌

720,600

iShares®

MSCI

Eurozone

ETF

50,773,476‌

173,500

iShares®

Russell

2000

ETF

50,996,855‌

202,000

State

Street®

Health

Care

Select

Sector

SPDR®

ETF

34,449,080‌

129,440

State

Street®

SPDR®

S&P

500®

ETF

Trust

99,286,952‌

197,500

VanEck

Gold

Miners

ETF

19,455,725‌

1,165,722

Vanguard

Morningstar

Growth

ETF

102,863,309‌

354,498

Vanguard

Morningstar

Value

ETF

79,708,875‌

TOTAL

EXCHANGE-TRADED

FUNDS

(Cost $254,464,964)

547,252,309‌

SHORT-TERM

INVESTMENTS

—

10.0%

60,807,841‌

First

American

Treasury

Obligations

Fund,

Class

X,

3.60%

(a)

60,807,841‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$60,807,841)

60,807,841‌

TOTAL

INVESTMENTS

—

100.1%

(Cost

$315,272,805)

$

608,060,150‌

Liabilities

in

Excess

of

Other

Assets —

(0.1)%

(667,082)

NET

ASSETS

—

100.0%

$

607,393,068‌

(a)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

August

31,

2026.

ETF

-

Exchange-Traded

Funds

MSCI

-

Morgan

Stanley

Capital

International

SPDR

-

Standard

and

Poor's

Depository

Receipt

North

Square

Tactical

Defensive

Fund

Schedule

of

Investments

August

31,

2026

(Unaudited)

Sh

ar

e

s

F

a

i

r

V

a

lu

e

EXCHANGE-TRADED

FUNDS

—

81.2%

17,500

Invesco

QQQ

Trust,

Series

1

(a)

$

12,543,300‌

160,000

SPDR®

Portfolio

Developed

World

ex-US

ETF

8,270,400‌

52,000

SPDR®

Portfolio

Emerging

Markets

ETF

2,734,680‌

30,100

SPDR®

Portfolio

S&P

600®

Small

Cap

ETF

1,691,620‌

171,200

State

Street®

SPDR®

Portfolio

S&P

500®

ETF

(a)

15,455,936‌

TOTAL

EXCHANGE-TRADED

FUNDS

(Cost $34,963,558)

40,695,936‌

SHORT-TERM

INVESTMENTS

—

18.8%

9,411,677‌

First

American

Treasury

Obligations

Fund,

Class

X,

3.60%

(b)

9,411,677‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$9,411,677)

9,411,677‌

TOTAL

INVESTMENTS

—

100.0%

(Cost

$44,375,235)

$

50,107,613‌

Other

Assets

in

Excess

of

Liabilities

—

0.0%

(c)

17,780

NET

ASSETS

—

100.0%

$

50,125,393‌

(a)

Represents

an

investment

greater

than

25%

of

the

Fund's

net

assets.

Performance

of

the

Fund

may

be

adversely

impacted

by

concentrated

investments

in

securities.

As

of

August

31,

2026,

the

percentage

of

net

assets

invested

in

Invesco

QQQ

Trust,

Series

1

and

State

Street®

SPDR®

Portfolio

S&P

500®

ETF

and

was

25.0%

and

30.8%,

respectively

of

the

Fund.

The

financial

statements

and

portfolio

holdings

for

these

securities

can

be

found

at

www.sec.gov.

(b)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

August

31,

2026.

(c)

Percentage

rounds

to

less

than

0.1%.

ETF

-

Exchange-Traded

Funds

SPDR

-

Standard

and

Poor's

Depository

Receipt

North

Square

Core

Plus

Bond

Fund

Schedule

of

Investments

August

31,

2026

(Unaudited)

Sh

ar

e

s

F

a

i

r

V

a

lu

e

PREFERRED

STOCKS

—

0.9%

FINANCIALS

—

0.9%

BANKING

—

0.3%

3,658

Santander

Holdings

USA,

Inc.,

5.25%

(a)

$

76,635‌

SPECIALTY

FINANCE

—

0.6%

4,750

Synchrony

Financial,

Series

B,

8.25%

(a)

123,025‌

TOTAL

FINANCIALS

199,660‌

TOTAL

PREFERRED

STOCKS

(Cost $201,515)

199,660‌

P

r

i

nc

i

p

a

l

Amo

u

nt

($)

ASSET

BACKED

SECURITIES

—

11.7%

90,557

Alternative

Loan

Trust

2003-22CB

1A1,

5.75%,

12/25/33

90,933‌

80,000

Applebee's

Funding

LLC

/

IHOP

Funding

LLC

2025-1A

A2,

6.72%,

6/07/55

(b)

79,847‌

25,000

BBCMS

Mortgage

Trust

2026-5C42

A3,

5.60%,

7/15/33

25,430‌

109,325

Bear

Stearns

Asset

Backed

Securities

I

Trust

2004-HE7

M1,

4.68%,

8/25/34

(TSFR1M

+

101bps)

(c)

106,919‌

48,000

BMO

2026-C15

Mortgage

Trust,

5.52%,

8/15/59

48,262‌

123,000

CarMax

Auto

Owner

Trust

2026-2,

4.22%,

6/16/31

121,889‌

45,521

CFCRE

Commercial

Mortgage

Trust

2016-C3

D,

3.05%,

1/10/48

(b)(c)

44,081‌

3,500,000

Citigroup

Commercial

Mortgage

Trust

2020-555

X,

0.74%,

12/10/29

(b)(c)

77,158‌

33,669

Citigroup

Mortgage

Loan

Trust

Series

2004-OPT1,

4.73%,

10/25/34

(TSFR1M

+

11bps)

33,133‌

40,782

Citigroup

Mortgage

Loan

Trust,

Inc.

2007-WFH3

M1,

4.17%,

6/25/37

(TSFR1M

+

50bps)

41,041‌

114,334

Citigroup

Mortgage

Loan

Trust,

Inc.,

2006-WFHE4,

4.22%,

11/25/36

114,261‌

25,000

CNH

Equipment

Trust

2026-B,

4.59%,

9/15/31

24,958‌

127,362

COMM

2010-C1

Mortgage

Trust,

5.79%,

7/10/46

(b)(c)

126,106‌

100,000

COMM

2013-CCRE7

Mortgage

Trust,

4.25%,

3/10/46

(b)(c)

95,123‌

9,242,000

CSMC

Series

2019-UVIL,

0.12%,

12/01/41

(b)(c)

40,938‌

100,000

CSMC

Series

2021-Gate

C,

6.46%,

12/15/36

(b)(c)

99,404‌

11,000,000

FREMF

2020-K-117

Mortgage

Trust,

0.10%,

10/25/53

(b)(c)

37,998‌

31,000

GM

Financial

Consumer

Automobile

Receivables

2026-2

A3,

4.15%,

8/18/31

30,696‌

71,913

GS

Mortgage

Securities

Corp.

Trust

2012-BWTR,

2.95%,

11/05/34

(b)

67,064‌

80,612

HomeBanc

Mortgage

Trust

2005-3

M4,

4.79%,

7/25/35

(c)

80,725‌

24,000

Honda

Auto

Receivables

2026-2

A3

Owner

Trust,

4.13%,

11/15/30

23,867‌

19,000

Hyundai

Auto

Receivables

Trust

2026-B

A3,

4.51%,

2/18/31

18,972‌

101,300

Impac

CMB

Trust

Series

2005-4

IMI,

4.43%,

5/25/35

(TSFR1M

+

54bps)

(c)

97,912‌

48,000

John

Deere

Owner

Trust

2026-B

A3,

4.50%,

11/15/30

47,890‌

50,000

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

2012-C5

F,

4.50%,

8/15/45

(b)

49,520‌

18,043

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

2013-C7

C,

4.27%,

2/15/46

(c)

16,927‌

84,632

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

2015-C26

D,

3.06%,

10/01/48

(b)

81,291‌

North

Square

Core

Plus

Bond

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

P

r

i

nc

i

p

a

l

Amo

u

nt

($)

F

a

i

r

V

a

lu

e

ASSET

BACKED

SECURITIES

—

11.7%

(Continued)

56,551

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust,

2012-C5

E,

4.67%,

8/15/45

(b)(c)

$

56,305‌

57,898

Morgan

Stanley

Bank

of

America

Merrill

Lynch,

2013-C11,

4.07%,

8/15/46

56,066‌

100,000

Morgan

Stanley

Capital

I

Trust

2014-150E

A,

3.91%,

9/09/32

(b)

94,881‌

112,394

Morgan

Stanley

Capital

I

Trust,

2011-C2,

5.21%,

6/15/44

(b)(c)

111,595‌

79,234

MSBAM

Commercial

Mortgage

Securities

Trust

2012-CKSV

A2,

3.28%,

10/15/30

(b)

78,273‌

38,000

Nissan

Auto

Receivables

2026-A

A3

Owner

Trust,

4.47%,

12/16/30

37,958‌

74,397

SEB

Funding

LLC

2024-1A

A2,

7.39%,

4/30/54

(b)

75,259‌

71,682

Structured

Adjustable

Rate

Mortgage

Loan

Trust

2004-4

B1,

5.37%,

4/25/34

70,923‌

37,000

Verizon

Master

Trust

2025-7

A1A,

3.96%,

8/20/31

36,621‌

48,000

Verizon

Master

Trust

2026-1

A1A,

3.94%,

2/20/31

47,619‌

3,501

Wells

Fargo

Commercial

Mortgage

Trust

2016-C32,

3.79%,

1/15/59

(b)

3,442‌

50,000

Wells

Fargo

Commercial

Mortgage

Trust

2026-5C10

A3,

5.79%,

6/15/59

51,050‌

47,000

Wells

Fargo

Commercial

Mortgage

Trust

2026-5C8,

5.03%,

3/15/59

46,687‌

175,000

World

Omni

Auto

Receivables

Trust

2025-C

A3,

4.08%,

11/15/30

174,278‌

TOTAL

ASSET

BACKED

SECURITIES

(Cost $2,651,720)

2,663,302‌

CORPORATE

BONDS

—

41.0%

COMMUNICATIONS

—

4.4%

CABLE

&

SATELLITE

—

0.8%

200,000

Cable

One,

Inc.,

4.00%,

11/15/30

(b)

81,496‌

40,000

CCO

Holdings

LLC

/

CCO

Holdings

Capital

Corp.,

4.25%,

2/01/31

(b)

36,103‌

66,000

Comcast

Corp.,

3.25%,

11/01/39

48,218‌

165,817‌

ENTERTAINMENT

CONTENT

—

0.8%

31,000

AMC

Networks,

Inc.,

10.50%,

7/15/32

(b)

32,793‌

50,000

Fox

Corp.,

6.50%,

10/13/33

52,688‌

150,000

Paramount

Global,

6.25%,

2/28/57

(c)

116,565‌

12,000

Walt

Disney

Co.

(The),

4.00%,

3/14/31

11,598‌

213,644‌

INTERNET

MEDIA

&

SERVICES

—

1.0%

45,000

Alphabet,

Inc.,

4.40%,

2/15/33

43,081‌

41,000

Alphabet,

Inc.,

4.70%,

11/15/35

38,859‌

17,000

Alphabet,

Inc.,

6.25%,

8/15/46

17,094‌

20,000

Meta

Platforms,

Inc.,

4.60%,

11/15/32

19,211‌

58,000

Meta

Platforms,

Inc.,

4.88%,

11/15/35

54,313‌

20,000

Meta

Platforms,

Inc.,

5.60%,

5/15/53

16,818‌

30,000

Ziff

Davis,

Inc.,

4.63%,

10/15/30

(b)

28,306‌

217,682‌

TELECOMMUNICATIONS

—

1.8%

24,000

AT&T,

Inc.,

3.50%,

6/01/41

17,809‌

150,000

Rogers

Communications,

Inc.,

7.13%,

4/15/55

(H15T5Y

+

262bps)

(c)

151,087‌

35,000

Telecom

Italia

Capital

SA,

6.38%,

11/15/33

36,406‌

150,000

TELUS

Corp.,

7.00%,

10/15/55

(c)

148,908‌

North

Square

Core

Plus

Bond

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

P

r

i

nc

i

p

a

l

Amo

u

nt

($)

F

a

i

r

V

a

lu

e

CORPORATE

BONDS

—

41.0%

(Continued)

COMMUNICATIONS

—

4.4%

(continued)

TELECOMMUNICATIONS

—

1.8%

(continued)

84,000

Verizon

Communications,

Inc.,

2.65%,

11/20/40

$

57,685‌

411,895‌

TOTAL COMMUNICATIONS

1,009,038‌

CONSUMER

DISCRETIONARY

—

3.1%

APPAREL

&

TEXTILE

PRODUCTS

—

0.1%

30,000

Crocs,

Inc.,

4.25%,

3/15/29

(b)

29,049‌

AUTOMOTIVE

—

1.8%

51,000

American

Honda

Finance

Corp.,

5.05%,

7/08/31

50,598‌

44,000

Ford

Motor

Co.,

Class

B,

3.25%,

2/12/32

38,500‌

39,000

General

Motors

Financial

Co.,

Inc.,

5.35%,

1/07/30

39,234‌

38,000

General

Motors

Financial

Co.,

Inc.,

5.10%,

9/15/31

37,634‌

75,000

General

Motors

Financial

Co.,

Inc.,

5.75%,

3/30/66

(a)(c)

74,694‌

98,000

Honda

Motor

Co.,

Ltd.,

4.69%,

7/08/30

96,687‌

67,000

Toyota

Motor

Credit

Corp.,

4.60%,

3/11/33

64,791‌

402,138‌

CONSUMER

SERVICES

—

0.1%

25,000

Rent-A-Center,

Inc.,

6.38%,

2/15/29

(b)

24,899‌

E-COMMERCE

DISCRETIONARY

—

0.6%

78,000

Amazon.com,

Inc.,

4.55%,

3/13/33

75,147‌

65,000

Amazon.com,

Inc.,

5.10%,

7/09/33

64,282‌

139,429‌

RETAIL

-

DISCRETIONARY

—

0.5%

30,000

Bath

&

Body

Works,

Inc.,

6.88%,

11/01/35

30,631‌

30,000

Gap,

Inc.

(The),

3.88%,

10/01/31

(b)

27,548‌

21,000

Lowe's

Companies,

Inc.,

4.50%,

10/15/32

20,200‌

30,000

Macy's

Retail

Holdings

LLC,

7.38%,

8/01/33

(b)

31,287‌

109,666‌

TOTAL CONSUMER

DISCRETIONARY

705,181‌

CONSUMER

STAPLES

—

1.3%

FOOD

—

0.4%

45,000

BellRing

Brands,

Inc.,

7.00%,

3/15/30

(b)

44,569‌

50,000

HLF

Financing

Sarl

LLC,

4.88%,

6/01/29

(b)

47,149‌

91,718‌

HOUSEHOLD

PRODUCTS

—

0.2%

40,000

Central

Garden

&

Pet

Co.,

4.13%,

10/15/30

37,949‌

RETAIL

-

CONSUMER

STAPLES

—

0.4%

85,000

Walmart,

Inc.,

4.45%,

4/30/33

82,864‌

TOBACCO

&

CANNABIS

—

0.3%

29,000

Philip

Morris

International,

Inc.,

5.13%,

2/15/30

29,187‌

North

Square

Core

Plus

Bond

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

P

r

i

nc

i

p

a

l

Amo

u

nt

($)

F

a

i

r

V

a

lu

e

CORPORATE

BONDS

—

41.0%

(Continued)

CONSUMER

STAPLES

—

1.3%

(continued)

TOBACCO

&

CANNABIS

—

0.3%

(continued)

50,000

Turning

Point

Brands,

Inc.,

7.63%,

3/15/32

(b)

$

51,206‌

80,393‌

TOTAL CONSUMER

STAPLES

292,924‌

ENERGY

—

5.6%

OIL

&

GAS

PRODUCERS

—

5.4%

13,000

BP

Capital

Markets

America,

Inc.,

4.89%,

9/11/33

12,767‌

50,000

California

Resources

Corp.,

7.00%,

1/15/34

(b)

50,019‌

36,000

Chevron

USA,

Inc.,

4.82%,

4/15/32

35,856‌

59,000

ConocoPhillips

Co.,

5.30%,

5/15/53

52,826‌

40,000

CVR

Energy,

Inc.,

7.50%,

2/15/31

(b)

41,230‌

35,000

CVR

Energy,

Inc.,

7.88%,

2/15/34

(b)

36,336‌

27,000

Energy

Transfer

LP,

3.75%,

5/15/30

25,802‌

125,000

Energy

Transfer

LP,

6.63%,

2/15/72

(SOFRRATE

+

416bps)

(a)(c)

125,840‌

65,000

Exxon

Mobil

Corp.,

4.33%,

3/19/50

52,039‌

50,000

Infinity

Natural

Resources

LLC,

7.63%,

4/01/31

(b)

50,685‌

103,000

Kinder

Morgan,

Inc.,

5.55%,

8/01/36

102,174‌

31,000

ONEOK,

Inc.,

4.95%,

10/15/32

30,326‌

20,000

ONEOK,

Inc.,

6.63%,

9/01/53

20,483‌

100,000

Petroleos

Mexicanos,

6.63%,

9/28/99

(a)

77,636‌

40,000

SM

Energy

Co.,

7.00%,

8/01/32

(b)

40,924‌

150,000

South

Bow

Canadian

Infrastructure

Holdings

Ltd.,

7.50%,

3/01/55

(c)

157,479‌

55,000

TotalEnergies

Capital

SA

LLC,

5.49%,

4/05/54

51,297‌

50,000

TotalEnergies

Capital

USA

LLC,

4.57%,

1/13/33

48,368‌

150,000

Venture

Global

LNG,

Inc.,

9.00%,

12/31/99

(H15T5Y

+

5bps)

(a)(b)(c)

152,123‌

68,000

Vital

Energy,

Inc.,

7.88%,

4/15/32

(b)

70,290‌

1,234,500‌

OIL

&

GAS

SERVICES

&

EQUIPMENT

—

0.2%

35,000

Nabors

Industries,

Inc.,

8.88%,

8/15/31

(b)

36,639‌

TOTAL ENERGY

1,271,139‌

FINANCIALS

—

14.2%

ASSET

MANAGEMENT

—

1.3%

23,000

Charles

Schwab

Corp.

(The),

5.49%,

5/21/37

(c)

22,683‌

52,000

Charles

Schwab

Corp.

(The),

5.66%,

8/12/37

(SOFRRATE

+

132bps)

(c)

51,848‌

30,000

Icahn

Enterprises

LP,

4.38%,

2/01/29

25,659‌

200,000

UBS

Group

AG,

7.13%,

12/31/49

(USISSO05

+

318bps)

(a)(b)(c)

201,499‌

301,689‌

BANKING

—

10.2%

200,000

Banco

Bilbao

Vizcaya

Argentaria

SA,

6.13%,

2/16/49

(USSW5

+

387bps)

(a)(c)

200,391‌

200,000

Banco

Santander

SA,

8.00%,

12/31/49

(H15T5Y

+

391bps)

(a)(c)

213,767‌

98,000

Bank

of

America

Corp.,

4.46%,

2/06/32

(c)

95,233‌

20,000

Bank

of

Nova

Scotia

(The),

4.25%,

2/02/30

(SOFRRATE

+

73bps)

(c)

19,694‌

37,000

Bank

of

Nova

Scotia

(The),

4.90%,

6/05/32

(SOFRRATE

+

97bps)

(c)

36,441‌

North

Square

Core

Plus

Bond

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

P

r

i

nc

i

p

a

l

Amo

u

nt

($)

F

a

i

r

V

a

lu

e

CORPORATE

BONDS

—

41.0%

(Continued)

FINANCIALS

—

14.2%

(continued)

BANKING

—

10.2%

(continued)

60,000

Canadian

Imperial

Bank

of

Commerce,

5.26%,

4/08/29

$

60,620‌

155,000

Citibank

NA,

4.85%,

7/28/31

156,116‌

39,000

Citigroup,

Inc.,

4.95%,

5/07/31

(c)

38,771‌

150,000

Citigroup,

Inc.,

6.95%,

2/15/80

(H15T5Y

+

273bps)

(a)(c)

151,869‌

200,000

HSBC

Holdings

PLC,

4.60%,

12/31/99

(H15T5Y

+

365bps)

(a)(c)

186,627‌

200,000

ING

Groep

NV,

4.25%,

10/16/69

(H15T5Y

+

286bps)

(a)(c)

179,573‌

74,000

JPMorgan

Chase

&

Co.,

5.14%,

1/24/31

(SOFRRATE

+

90bps)

(c)

74,241‌

46,000

JPMorgan

Chase

&

Co.,

4.62%,

4/23/32

(SOFRRATE

+

99bps)

(c)

44,967‌

69,000

JPMorgan

Chase

&

Co.,

4.81%,

10/22/36

(SOFRRATE

+

119bps)

(c)

65,403‌

157,000

JPMorgan

Chase

Bank

NA,

4.73%,

4/30/31

156,944‌

81,000

Morgan

Stanley

Bank

NA,

3.85%,

2/18/28

80,645‌

69,000

Morgan

Stanley

Private

Bank

NA,

3.85%,

2/18/28

68,697‌

28,000

PNC

Financial

Services

Group,

Inc.

(The),

6.88%,

10/20/34

(SOFRRATE

+

228bps)

(c)

30,314‌

96,000

Royal

Bank

of

Canada,

4.65%,

10/18/30

(SOFRINDX

+

108bps)

(c)

95,001‌

17,000

Truist

Financial

Corp.,

4.60%,

1/27/32

(c)

16,554‌

15,000

Truist

Financial

Corp.,

5.12%,

1/26/34

(c)

14,722‌

155,000

UBS

Bank

USA,

3.80%,

2/11/28

154,277‌

41,000

US

Bancorp,

5.05%,

2/12/31

(SOFRRATE

+

106bps)

(c)

40,956‌

96,000

US

Bancorp,

4.84%,

2/01/34

(c)

93,090‌

68,000

Wells

Fargo

Bank

NA,

4.25%,

3/11/27

68,102‌

2,343,015‌

INSTITUTIONAL

FINANCIAL

SERVICES

—

2.1%

20,000

Bank

of

New

York

Mellon

Corp.

(The),

4.94%,

2/11/31

(c)

19,976‌

64,000

Bank

of

New

York

Mellon

Corp.

(The),

5.06%,

7/22/32

(c)

63,871‌

64,000

Goldman

Sachs

Bank

USA,

4.30%,

3/11/27

64,088‌

89,000

Goldman

Sachs

Bank

USA,

3.85%,

2/22/28

88,640‌

70,000

Goldman

Sachs

Group

Inc.

(The),

4.37%,

10/21/31

(c)

67,695‌

57,000

Goldman

Sachs

Group

Inc.

(The),

5.54%,

1/28/36

(SOFRRATE

+

138bps)

(c)

56,428‌

38,000

Morgan

Stanley,

5.23%,

1/15/31

(c)

38,143‌

82,000

Morgan

Stanley,

5.07%,

1/30/37

(c)

78,206‌

477,047‌

SPECIALTY

FINANCE

—

0.6%

57,000

Capital

One

Financial

Corp.,

7.62%,

10/30/31

(SOFRRATE

+

307bps)

(c)

61,797‌

30,000

FirstCash

Holdings,

Inc.,

4.63%,

9/01/28

(b)

29,493‌

40,000

OneMain

Finance

Corp.,

6.75%,

3/15/32

40,122‌

131,412‌

TOTAL FINANCIALS

3,253,163‌

HEALTH

CARE

—

2.2%

BIOTECH

&

PHARMA

—

0.8%

40,000

AbbVie,

Inc.,

5.05%,

9/15/33

39,638‌

74,000

Eli

Lilly

&

Co.,

5.00%,

2/09/54

64,925‌

19,000

Merck

&

Co.,

Inc.,

4.75%,

5/19/33

18,533‌

North

Square

Core

Plus

Bond

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

P

r

i

nc

i

p

a

l

Amo

u

nt

($)

F

a

i

r

V

a

lu

e

CORPORATE

BONDS

—

41.0%

(Continued)

HEALTH

CARE

—

2.2%

(continued)

BIOTECH

&

PHARMA

—

0.8%

(continued)

50,000

Prestige

Consumer

Healthcare,

Inc.,

3.75%,

4/01/31

(b)

$

46,172‌

169,268‌

HEALTH

CARE

FACILITIES

&

SERVICES

—

1.4%

64,000

Cigna

Group

(The),

5.25%,

1/15/36

62,557‌

125,000

CVS

Health

Corp.,

6.75%,

12/10/54

(H15T5Y

+

252bps)

(c)

128,291‌

30,000

HealthEquity

Inc.,

4.50%,

10/01/29

29,284‌

50,000

Pediatrix

Medical

Group,

Inc.,

5.38%,

2/15/30

(b)

49,618‌

51,000

UnitedHealth

Group,

Inc.,

5.15%,

7/15/34

50,349‌

22,000

UnitedHealth

Group,

Inc.,

5.88%,

2/15/53

21,156‌

341,255‌

TOTAL HEALTH

CARE

510,523‌

INDUSTRIALS

—

1.7%

AEROSPACE

&

DEFENSE

—

0.3%

37,000

Boeing

Co.

(The),

5.15%,

5/01/30

37,117‌

38,000

Lockheed

Martin

Corp.,

4.70%,

5/15/46

32,626‌

69,743‌

COMMERCIAL

SUPPORT

SERVICES

—

0.3%

60,000

Deluxe

Corp.,

8.00%,

6/01/29

(b)

60,653‌

ELECTRICAL

EQUIPMENT

—

0.1%

31,000

Johnson

Controls

International

PLC,

5.50%,

4/19/29

31,493‌

ENGINEERING

&

CONSTRUCTION

—

0.2%

35,000

Tutor

Perini

Corp.,

6.63%,

7/15/33

(b)

35,327‌

INDUSTRIAL

INTERMEDIATE

PRODUCTS

—

0.1%

35,000

Enpro,

Inc.,

6.13%,

6/01/33

(b)

35,238‌

MACHINERY

—

0.1%

17,000

Caterpillar,

Inc.,

5.20%,

5/15/35

16,966‌

TRANSPORTATION

&

LOGISTICS

—

0.6%

88,000

Burlington

Northern

Santa

Fe

LLC,

4.55%,

9/01/44

74,978‌

75,000

JetBlue

Airways

Corp.

/

JetBlue

Loyalty

LP,

9.88%,

9/20/31

(b)

64,471‌

139,449‌

TOTAL INDUSTRIALS

388,869‌

MATERIALS

—

1.4%

CHEMICALS

—

0.5%

150,000

FMC

Corp.,

8.45%,

11/01/55

(c)

110,952‌

METALS

&

MINING

—

0.9%

50,000

Alliance

Resource

Operating

Partners

LP,

8.63%,

6/15/29

(b)

52,084‌

55,000

Coeur

Mining,

Inc.,

6.88%,

4/01/32

(b)

56,315‌

60,000

Eldorado

Gold

Corp.,

6.25%,

9/01/29

(b)

60,090‌

North

Square

Core

Plus

Bond

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

P

r

i

nc

i

p

a

l

Amo

u

nt

($)

F

a

i

r

V

a

lu

e

CORPORATE

BONDS

—

41.0%

(Continued)

MATERIALS

—

1.4%

(continued)

METALS

&

MINING

—

0.9%

(continued)

40,000

Hudbay

Minerals,

Inc.,

6.13%,

4/01/29

(b)

$

40,334‌

208,823‌

TOTAL MATERIALS

319,775‌

REAL

ESTATE

—

0.3%

REAL

ESTATE

OWNERS

&

DEVELOPERS

—

0.1%

30,000

Howard

Hughes

Corp.

(The),

4.38%,

2/01/31

(b)

28,344‌

REIT

—

0.2%

20,000

American

Tower

Corp.,

4.90%,

3/15/30

19,911‌

20,000

American

Tower

Corp.,

4.70%,

12/15/32

19,312‌

39,223‌

TOTAL REAL

ESTATE

67,567‌

TECHNOLOGY

—

1.8%

SEMICONDUCTORS

—

0.6%

27,000

Broadcom,

Inc.,

4.35%,

2/15/30

26,321‌

38,000

Broadcom,

Inc.,

4.15%,

11/15/30

36,488‌

40,000

Broadcom,

Inc.,

3.14%,

11/15/35

32,209‌

43,000

Nvidia

Corp.,

4.95%,

6/15/36

40,893‌

135,911‌

SOFTWARE

—

0.8%

30,000

Consensus

Cloud

Solutions,

Inc.,

6.50%,

10/15/28

(b)

30,106‌

103,000

Oracle

Corp.,

4.95%,

2/04/31

98,737‌

12,000

Oracle

Corp.,

5.88%,

9/26/45

9,901‌

62,000

Salesforce,

Inc.,

5.55%,

3/15/36

60,894‌

199,638‌

TECHNOLOGY

HARDWARE

—

0.2%

59,000

Apple,

Inc.,

2.95%,

9/11/49

36,957‌

TECHNOLOGY

SERVICES

—

0.2%

34,000

PayPal

Holdings,

Inc.,

5.55%,

6/01/36

33,222‌

TOTAL TECHNOLOGY

405,728‌

UTILITIES

—

5.0%

ELECTRIC

UTILITIES

—

4.1%

40,000

Alabama

Power

Co.,

3.45%,

10/01/49

27,160‌

75,000

Alliant

Energy

Corp.,

3.25%,

5/30/28

77,531‌

15,000

Berkshire

Hathaway

Energy

Co.,

3.70%,

7/15/30

14,358‌

75,000

CenterPoint

Energy,

Inc.,

3.00%,

8/01/28

76,256‌

75,000

CMS

Energy

Corp.,

3.13%,

5/01/31

(b)

73,125‌

75,000

DTE

Energy

Co.,

6.20%,

7/01/58

(H15T5Y

+

181bps)

(c)

74,735‌

110,000

Duke

Energy

Carolinas

LLC,

5.30%,

2/15/40

105,807‌

75,000

Exelon

Corp.,

3.25%,

3/15/29

(b)

74,344‌

27,000

Florida

Power

&

Light

Co.,

5.30%,

6/15/34

27,042‌

North

Square

Core

Plus

Bond

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

P

r

i

nc

i

p

a

l

Amo

u

nt

($)

F

a

i

r

V

a

lu

e

CORPORATE

BONDS

—

41.0%

(Continued)

UTILITIES

—

5.0%

(continued)

ELECTRIC

UTILITIES

—

4.1%

(continued)

35,000

Florida

Power

&

Light

Co.,

5.30%,

4/01/53

$

31,375‌

109,000

MidAmerican

Energy

Co.,

4.25%,

7/15/49

84,890‌

15,000

NextEra

Energy

Capital

Holdings,

Inc.,

2.25%,

6/01/30

13,603‌

75,000

Southern

Co.

(The),

3.25%,

6/15/28

74,138‌

36,000

Virginia

Electric

and

Power

Co.,

4.95%,

3/15/36

34,260‌

65,000

Virginia

Electric

and

Power

Co.,

5.45%,

4/01/53

58,609‌

75,000

WEC

Energy

Group,

Inc.,

3.38%,

6/01/28

75,581‌

30,000

XPLR

Infrastructure

Operating

Partners

LP,

8.63%,

3/15/33

(b)

32,161‌

954,975‌

GAS

&

WATER

UTILITIES

—

0.9%

125,000

AltaGas

Ltd.,

7.20%,

10/15/54

(H15T5Y

+

357bps)

(b)(c)

129,368‌

35,000

AmeriGas

Partners,

L.P.,

9.50%,

6/01/30

(b)

37,224‌

30,000

Suburban

Propane

Partners,

L.P.,

6.50%,

12/15/35

(b)

29,036‌

195,628‌

TOTAL UTILITIES

1,150,603‌

TOTAL

CORPORATE

BONDS

(Cost $9,632,854)

9,374,510‌

MORTGAGE-BACKED

SECURITIES

—

20.4%

21,527‌

Fannie

Mae

Pool

,

5.00%,

8/01/45

21,190‌

156,880‌

Fannie

Mae

Pool

,

5.00%,

11/01/46

156,327‌

217,205‌

Fannie

Mae

Pool

,

2.50%,

12/01/47

182,740‌

67,635‌

Fannie

Mae

Pool

,

3.00%,

9/01/50

58,152‌

55,788‌

Fannie

Mae

Pool

,

2.50%,

5/01/51

46,225‌

43,243‌

Fannie

Mae

Pool

,

3.00%,

5/01/51

37,118‌

128,421‌

Fannie

Mae

Pool

,

2.50%,

10/01/51

105,660‌

36,938‌

Fannie

Mae

Pool

,

4.00%,

1/01/52

34,222‌

34,789‌

Fannie

Mae

Pool

,

3.50%,

6/01/52

30,943‌

201,746‌

Fannie

Mae

Pool

,

5.50%,

11/01/52

201,588‌

53,469‌

Fannie

Mae

Pool

,

4.50%,

12/01/52

50,501‌

20,379‌

Fannie

Mae

Pool

,

6.50%,

1/01/53

21,185‌

48,536‌

Fannie

Mae

Pool

,

4.00%,

7/01/53

44,623‌

36,161‌

Fannie

Mae

Pool

,

6.00%,

9/01/53

36,690‌

49,974‌

Fannie

Mae

Pool

,

4.00%,

4/01/54

46,103‌

148,134‌

Fannie

Mae

Pool

,

5.00%,

4/01/54

144,137‌

22,047‌

Fannie

Mae

Pool

,

5.50%,

2/01/55

21,849‌

36,137‌

Fannie

Mae

Pool

,

5.50%,

3/01/55

35,819‌

78,591‌

Fannie

Mae

Pool

,

5.00%,

1/01/56

76,050‌

119,866‌

Fannie

Mae

Pool

,

5.50%,

9/01/56

121,258‌

10,863‌

Fannie

Mae

REMICS

2023-21

,

5.00%,

1/25/53

10,719‌

51,983‌

Fannie

Mae

REMICS

2024-11

BK

,

5.00%,

2/25/51

51,992‌

11,737‌

Fannie

Mae

REMICS

2202-22

AE

,

4.00%,

5/25/49

11,109‌

124,000‌

Federal

Farm

Credit

Banks

Funding

Corp.

,

4.73%,

5/27/31

123,387‌

101,000‌

Federal

Farm

Credit

Banks

Funding

Corp.

,

4.59%,

8/25/31

99,906‌

156,000‌

Federal

Farm

Credit

Banks

Funding

Corp.

,

5.11%,

7/15/32

155,214‌

North

Square

Core

Plus

Bond

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

P

r

i

nc

i

p

a

l

Amo

u

nt

($)

F

a

i

r

V

a

lu

e

MORTGAGE-BACKED

SECURITIES

—

20.4%

(Continued)

8,000‌

Federal

Farm

Credit

Banks

Funding

Corp.

,

5.06%,

8/17/33

$

7,951‌

130,000‌

Federal

Home

Loan

Banks

,

5.45%,

4/15/38

129,062‌

87,000‌

Federal

Home

Loan

Mortgage

Corp.

,

4.85%,

5/27/31

86,740‌

44,000‌

Federal

Home

Loan

Mortgage

Corp.

,

4.38%,

11/20/34

42,058‌

185,000‌

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

K-126

X3

,

2.63%,

1/25/49

(c)

18,371‌

2,344,394‌

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

K-744

X1

,

0.86%,

7/25/28

(c)

31,745‌

9,585,052‌

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates

K-W03

X1

,

0.76%,

6/25/27

(c)

35,534‌

2,131,658‌

Freddie

Mac

Multifamily

Structured

Pass-Through

Certificates

K-093

,

0.94%,

5/01/29

(c)

45,723‌

330,000‌

Freddie

Mac

Multifamily

Structured

Pass-Through

Certificates

K-119

X3

,

2.73%,

10/25/30

(c)

31,567‌

650,000‌

Freddie

Mac

Multifamily

Structured

Pass-Through

Certificates

K-G04

,

2.63%,

11/25/30

(c)

59,387‌

251,945‌

Freddie

Mac

Pool

,

3.50%,

1/01/52

224,484‌

72,177‌

Freddie

Mac

Pool

,

2.50%,

2/01/52

59,985‌

67,173‌

Freddie

Mac

Pool

,

3.50%,

4/01/52

59,949‌

114,564‌

Freddie

Mac

Pool

,

3.00%,

5/01/52

98,642‌

62,568‌

Freddie

Mac

Pool

,

4.50%,

9/01/54

59,193‌

48,777‌

Freddie

Mac

Pool

,

5.00%,

9/01/54

47,240‌

33,370‌

Freddie

Mac

Pool

,

5.50%,

3/01/55

33,177‌

29,671‌

Freddie

Mac

Pool

,

5.50%,

11/01/55

29,418‌

51,628‌

Freddie

Mac

Pool

,

5.50%,

1/01/56

51,163‌

62,290‌

Freddie

Mac

REMICS

4322

DJ

,

3.00%,

5/15/43

61,240‌

29,099‌

Freddie

Mac

REMICS

5522

DE

,

5.50%,

11/25/51

29,296‌

52,054‌

Freddie

Mac

REMICS

5604

EA

,

4.50%,

4/25/52

50,852‌

24,822‌

Freddie

Mac

Strips

452

AB

,

5.05%,

6/25/36

24,495‌

174,082‌

Ginnie

Mae

II

Pool

,

2.50%,

8/20/50

144,125‌

111,253‌

Ginnie

Mae

II

Pool

,

2.50%,

12/20/50

92,210‌

83,246‌

Ginnie

Mae

II

Pool

,

2.00%,

1/20/51

66,932‌

196,324‌

Ginnie

Mae

II

Pool

,

2.00%,

3/20/51

156,673‌

301,551‌

Ginnie

Mae

II

Pool

,

3.00%,

10/20/51

262,771‌

72,001‌

Ginnie

Mae

II

Pool

,

3.00%,

3/20/52

62,877‌

176,434‌

Ginnie

Mae

II

Pool

,

5.00%,

11/20/52

173,515‌

20,201‌

Ginnie

Mae

II

Pool

,

2.50%,

2/20/53

16,959‌

74,975‌

Ginnie

Mae

II

Pool

,

5.00%,

2/20/53

73,241‌

66,642‌

Ginnie

Mae

II

Pool

,

5.50%,

9/01/53

(c)

67,007‌

83,843‌

Ginnie

Mae

II

Pool

,

4.00%,

7/20/56

(H15T1Y

+

150bps)

(c)

81,079‌

188,286‌

Government

National

Mortgage

Association

2022-189

PT

,

2.50%,

10/20/51

154,947‌

12,423‌

Government

National

Mortgage

Association

2024-65

NB

,

5.50%,

2/20/48

12,402‌

60,000‌

Government

National

Mortgage

Association

2024-8

JL

,

5.00%,

1/20/54

57,706‌

TOTAL

MORTGAGE-BACKED

SECURITIES

(Cost $4,786,025)

4,664,423‌

North

Square

Core

Plus

Bond

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

P

r

i

nc

i

p

a

l

Amo

u

nt

($)

F

a

i

r

V

a

lu

e

NON

U.S.

GOVERNMENT

&

AGENCIES

—

1.0%

SUPRANATIONAL

—

1.0%

154,000‌

Inter-American

Development

Bank,

4.25%,

3/20/30

$

152,950‌

86,000‌

International

Bank

for

Reconstruction

&

Development,

1.62%,

3/11/30

77,186‌

230,136‌

TOTAL

NON

U.S.

GOVERNMENT

&

AGENCIES

(Cost $233,728)

230,136‌

U.S.

GOVERNMENT

&

AGENCIES

—

21.6%

U.S.

TREASURY

BONDS

—

7.9%

99,000‌

United

States

Treasury

Bond,

2.75

%

,

11/15/42

72,804‌

152,000‌

United

States

Treasury

Bond,

4.75

%

,

11/15/43

144,507‌

356,000‌

United

States

Treasury

Bond,

2.00

%

,

8/15/51

193,116‌

233,000‌

United

States

Treasury

Bond,

4.00

%

,

11/15/52

190,523‌

252,000‌

United

States

Treasury

Bond,

3.63

%

,

2/15/53

192,440‌

407,000‌

United

States

Treasury

Note/Bond,

3.13

%

,

8/15/44

307,349‌

166,000‌

United

States

Treasury

Note/Bond,

4.63

%

,

2/15/46

153,550‌

174,000‌

United

States

Treasury

Note/Bond,

5.00

%

,

5/15/46

168,902‌

358,000‌

United

States

Treasury

Note/Bond,

3.13

%

,

5/15/48

258,096‌

196,000‌

United

States

Treasury

Note/Bond,

5.00

%

,

5/15/56

188,665‌

1,869,952‌

U.S.

TREASURY

NOTES

—

13.7%

82,000‌

United

States

Treasury

Note,

2.38

%

,

5/15/29

77,828‌

297,000‌

United

States

Treasury

Note,

4.13

%

,

7/31/31

292,058‌

269,000‌

United

States

Treasury

Note/Bond,

3.88

%

,

7/15/28

266,772‌

310,000‌

United

States

Treasury

Note/Bond,

3.50

%

,

11/15/28

304,418‌

155,000‌

United

States

Treasury

Note/Bond,

3.50

%

,

1/15/29

151,960‌

189,000‌

United

States

Treasury

Note/Bond,

4.13

%

,

7/15/29

187,590‌

203,000‌

United

States

Treasury

Note/Bond,

3.63

%

,

10/31/30

196,521‌

133,000‌

United

States

Treasury

Note/Bond,

3.63

%

,

12/31/30

128,563‌

136,000‌

United

States

Treasury

Note/Bond,

4.13

%

,

5/31/31

133,880‌

183,000‌

United

States

Treasury

Note/Bond,

4.13

%

,

6/30/31

180,098‌

209,000‌

United

States

Treasury

Note/Bond,

4.38

%

,

7/31/31

207,873‌

39,000‌

United

States

Treasury

Note/Bond,

3.75

%

,

10/31/32

37,289‌

95,000‌

United

States

Treasury

Note/Bond,

3.75

%

,

2/28/33

90,580‌

75,000‌

United

States

Treasury

Note/Bond,

4.25

%

,

3/31/33

73,556‌

210,000‌

United

States

Treasury

Note/Bond,

4.25

%

,

5/31/33

205,734‌

39,000‌

United

States

Treasury

Note/Bond,

4.25

%

,

6/30/33

38,202‌

127,000‌

United

States

Treasury

Note/Bond,

4.38

%

,

7/31/33

125,135‌

132,000‌

United

States

Treasury

Note/Bond,

4.25

%

,

5/15/35

127,674‌

107,000‌

United

States

Treasury

Note/Bond,

4.38

%

,

5/15/36

103,874‌

153,000‌

United

States

Treasury

Note/Bond,

4.63

%

,

8/15/36

151,530‌

3,081,135‌

TOTAL

U.S.

GOVERNMENT

&

AGENCIES

(Cost $5,073,447)

4,951,087‌

North

Square

Core

Plus

Bond

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

C

ont

ra

ct

s

Description

Expiration

Date

Exercise

Price

Notional

Value

F

a

i

r

V

a

lu

e

PURCHASED

CALL

OPTIONS

—

0.20%

25

E-Mini

S&P

500®

12/21/2026

$

8,300.00

$

19,416,875

$

50,313‌

TOTAL

PURCHASED

CALL

OPTIONS

(Cost $113,013)

50,313‌

Sh

ar

e

s

CERTIFICATE

OF

DEPOSIT

—

0.3%

BANKING

—

0.3%

76,000

JPMorgan

Chase

Bank

NA,

5.00%,

5/22/31

76,299‌

TOTAL

CERTIFICATE

OF

DEPOSIT

(Cost $76,000)

76,299‌

SHORT-TERM

INVESTMENTS

—

1.60%

364,161‌

First

American

Treasury

Obligations

Fund,

Class

X,

3.60%

(d)

364,161‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $364,161)

364,161‌

TOTAL

INVESTMENTS

—

98.7%

(Cost

$23,132,463)

$

22,573,891‌

Other

Assets

in

Excess

of

Liabilities

—

1.3%

305,514

NET

ASSETS

—

100.0%

$

22,879,405‌

(a)

Security

is

perpetual

in

nature

and

has

no

stated

maturity

date.

(b)

Security

exempt

from

registration

under

Rule

144A

or

Section

4(2)

of

the

Securities

Act

of

1933.

The

security

may

be

resold

in

transactions

exempt

from

registration,

normally

to

qualified

institutional

buyers.

As

of

August

31,

2026

the

total

market

value

of

144A

securities

is

$3,295,938

or

14.4%

of

net

assets.

(c)

Variable

rate

security.

Interest

rate

resets

periodically.

The

rate

shown

is

the

effective

interest

rate

as

of

August

31,

2026.

For

securities

based

on

a

published

reference

rate

and

spread,

the

reference

rate

and

spread

(in

basis

points)

are

indicated

parenthetically.

Certain

variable

rate

securities

are

not

based

on

a

published

reference

rate

and

spread

but

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.

These

securities,

therefore,

do

not

indicate

a

reference

rate

and

spread.

(d)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

August

31,

2026.

H15T5Y

-

5-Year

U.S.

Treasury

Constant

Maturity

Rate

REMIC

-

Real

Estate

Mortgage

Investment

Conduit

SOFR

-

Secured

Overnight

Financing

Rate

TSFR1M

-

1-Month

CME

Term

SOFR

Reference

Rate

USISSO05

-

5-Year

US

Dollar

SOFR

ICE

Swap

Rate

USSW5

-

USD

5

Years

Interest

Rate

Swap

Bond

Yield

North

Square

Core

Plus

Bond

Fund

Schedule

of

Futures

Contracts

August

31,

2026

(Unaudited)

Contracts

Long

Contracts

Expiration

Date

Notional

Amount

Value

and

Unrealized

Appreciation

(Depreciation)

5

10-Year

U.S.

Treasury

Note

Future

12/22/2026

$

538,281‌

$

(3,828‌)

10

2-Year

U.S.

Treasury

Note

Future

01/01/2027

2,052,344‌

(4,688‌)

18

5-Year

U.S.

Treasury

Note

Future

01/01/2027

1,902,656‌

(9,563‌)

3

U.S.

Treasury

Bond

Future

12/22/2026

325,875‌

(3,469‌)

7

Ultra

10-Year

U.S.

Treasury

Note

Future

12/22/2026

765,953‌

(5,797‌)

4

Ultra

U.S.

Treasury

Bond

Future

12/22/2026

440,125‌

(5,625‌)

$

(32,970‌)

Short

Contracts

(42)

Bloomberg

U.S.

Corporate

High

Yield

Very

Liquid

Future

09/16/2026

$

(4,813,830‌)

$

(16,875‌)

(5)

E-Mini

S&P

500®

Index

Future

09/21/2026

(1,924,750‌)

5,763‌

$

(11,112‌)

North

Square

Kennedy

MicroCap

Fund

Schedule

of

Investments

August

31,

2026

(Unaudited)

Sh

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F

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V

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COMMON

STOCKS

—

96.0%

COMMUNICATIONS

—

2.3%

ADVERTISING

&

MARKETING

—

0.4%

5,722

Magnite,

Inc.

(a)

$

134,410‌

ENTERTAINMENT

CONTENT

—

0.2%

9,840

Inspired

Entertainment,

Inc.

(a)

57,367‌

INTERNET

MEDIA

&

SERVICES

—

1.7%

50,416

DHI

Group,

Inc.

(a)

216,285‌

2,535

EverQuote,

Inc.

(a)

64,490‌

10,296

LiveOne,

Inc.

(a)

39,845‌

35,371

OptimizeRx

Corp.

(a)

282,261‌

602,881‌

TOTAL COMMUNICATIONS

794,658‌

CONSUMER

DISCRETIONARY

—

2.6%

AUTOMOTIVE

—

0.1%

6,085

Goodyear

Tire

&

Rubber

Company

(The)

(a)

38,153‌

CONSUMER

SERVICES

—

1.4%

28,900

Legacy

Education,

Inc.

(a)

316,455‌

4,341

Universal

Technical

Institute,

Inc.

(a)

91,725‌

3,496

Upbound

Group,

Inc.

63,977‌

472,157‌

HOME

CONSTRUCTION

—

0.4%

4,090

Interface,

Inc.

155,093‌

LEISURE

FACILITIES

&

SERVICES

—

0.3%

8,573

First

Watch

Restaurant

Group,

Inc.

(a)

108,706‌

WHOLESALE

-

DISCRETIONARY

—

0.4%

4,899

Climb

Global

Solutions,

Inc.

139,768‌

TOTAL CONSUMER

DISCRETIONARY

913,877‌

CONSUMER

STAPLES

—

1.9%

FOOD

—

1.1%

34,993

BranchOut

Food,

Inc.

(a)

139,272‌

19,167

Nature's

Sunshine

Products,

Inc.

(a)

271,213‌

410,485‌

WHOLESALE

-

CONSUMER

STAPLES

—

0.8%

2,412

Chefs'

Warehouse,

Inc.

(The)

(a)

271,278‌

TOTAL CONSUMER

STAPLES

681,763‌

ENERGY

—

3.8%

OIL

&

GAS

PRODUCERS

—

1.3%

20,005

HighPeak

Energy,

Inc.

163,841‌

7,788

Riley

Exploration

Permian,

Inc.

303,966‌

467,807‌

North

Square

Kennedy

MicroCap

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

Sh

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COMMON

STOCKS

—

96.0%

(Continued)

ENERGY

—

3.8%

(Continued)

OIL

&

GAS

SERVICES

&

EQUIPMENT

—

2.5%

11,848

DNOW,

Inc.

(a)

$

189,923‌

20,605

Helix

Energy

Solutions

Group,

Inc.

(a)

212,232‌

21,895

Oil

States

International,

Inc.

(a)

193,114‌

5,285

Solaris

Energy

Infrastructure,

Inc.,

Class

A

268,319‌

863,588‌

TOTAL ENERGY

1,331,395‌

FINANCIALS

—

21.6%

ASSET

MANAGEMENT

—

2.1%

9,643

Compass

Diversified

Holdings

(a)

111,473‌

10,518

Kayne

Anderson

BDC,

Inc.

143,150‌

11,269

Trinity

Capital,

Inc.

209,829‌

7,476

Voyager

Technologies,

Inc.

(a)

251,418‌

715,870‌

BANKING

—

16.2%

13,742

California

BanCorp

292,430‌

11,957

Capital

Bancorp,

Inc.

432,126‌

8,315

Carter

Bankshares,

Inc.

259,760‌

2,208

Coastal

Financial

Corp.

(a)

104,019‌

10,954

ConnectOne

Bancorp,

Inc.

344,394‌

16,014

Horizon

Bancorp,

Inc.

310,992‌

12,172

Investar

Holding

Corp.

366,742‌

3,728

Metropolitan

Bank

Holding

Corp.

338,428‌

4,911

Northeast

Bank

619,523‌

28,465

OceanFirst

Financial

Corp.

536,281‌

18,388

Old

Second

Bancorp,

Inc.

461,171‌

5,992

Origin

Bancorp,

Inc.

318,355‌

4,460

QCR

Holdings,

Inc.

443,636‌

16,720

Third

Coast

Bancshares,

Inc.

(a)

745,712‌

3,929

VersaBank

75,417‌

5,648,986‌

INSTITUTIONAL

FINANCIAL

SERVICES

—

0.2%

5,104

Perella

Weinberg

Partners

84,879‌

INSURANCE

—

2.7%

34,012

Abacus

Global

Management,

Inc.

326,515‌

23,480

Crawford

&

Co.,

Class

A

308,057‌

15,911

Tiptree,

Inc.

294,672‌

929,244‌

SPECIALTY

FINANCE

—

0.4%

4,236

Mid

Penn

Bancorp,

Inc.

154,233‌

TOTAL FINANCIALS

7,533,212‌

North

Square

Kennedy

MicroCap

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

Sh

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COMMON

STOCKS

—

96.0%

(Continued)

HEALTH

CARE

—

24.9%

BIOTECH

&

PHARMA

—

13.6%

33,700

Abeona

Therapeutics,

Inc.

(a)

$

197,145‌

29,272

ADMA

Biologics,

Inc.

(a)

274,864‌

22,743

Annexon,

Inc.

(a)

112,350‌

13,389

Arvinas,

Inc.

(a)

123,179‌

14,449

Candel

Therapeutics,

Inc.

(a)

188,848‌

5,850

Celldex

Therapeutics,

Inc.

(a)

231,836‌

11,356

CorMedix,

Inc.

(a)

93,801‌

12,097

Design

Therapeutics,

Inc.

(a)

182,544‌

2,639

Disc

Medicine,

Inc.

(a)

207,557‌

6,701

enGene

Therapeutics,

Inc.

(a)

12,330‌

25,066

Exagen,

Inc.

(a)

183,984‌

8,364

Immunome,

Inc.

(a)

229,257‌

24,940

Maravai

LifeSciences

Holdings,

Inc.

(a)

190,542‌

19,318

MeiraGTx

Holdings

PLC

(a)

266,782‌

11,731

Monte

Rosa

Therapeutics,

Inc.

(a)

163,530‌

4,586

NewAmsterdam

Pharma

Co.

NV

(a)

116,209‌

14,033

Nurix

Therapeutics,

Inc.

(a)

361,771‌

2,127

Oruka

Therapeutics,

Inc.

(a)

197,003‌

32,522

Puma

Biotechnology,

Inc.

(a)

296,275‌

5,275

Rapport

Therapeutics,

Inc.

(a)

256,734‌

36,654

Rezolute,

Inc.

(a)

171,907‌

7,205

Tectonic

Therapeutic,

Inc.

(a)

215,718‌

13,634

TriSalus

Life

Sciences,

Inc.

(a)

67,488‌

6,548

Ultragenyx

Pharmaceutical,

Inc.

(a)

165,075‌

9,144

WAVE

Life

Sciences,

Inc.

(a)

44,806‌

24,803

Xeris

Biopharma

Holdings,

Inc.

(a)

209,337‌

4,760,872‌

HEALTH

CARE

FACILITIES

&

SERVICES

—

3.5%

54,063

AdaptHealth

Corp.

(a)

302,212‌

1,388

Addus

HomeCare

Corp.

(a)

159,162‌

6,728

Park

Dental

Partners,

Inc.

(a)

139,539‌

17,519

Personalis,

Inc.

(a)

293,969‌

7,731

Surgery

Partners,

Inc.

(a)

107,383‌

2,708

US

Physical

Therapy,

Inc.

210,520‌

1,212,785‌

MEDICAL

EQUIPMENT

&

DEVICES

—

7.8%

14,095

Adaptive

Biotechnologies

Corp.

(a)

351,247‌

6,450

Artivion,

Inc.

(a)

174,086‌

10,568

AtriCure,

Inc.

(a)

510,963‌

18,797

Bioventus,

Inc.

(a)

256,579‌

9,660

Castle

Biosciences,

Inc.

(a)

319,070‌

8,596

Delcath

Systems,

Inc.

(a)

141,490‌

9,321

Enovis

Corp.

(a)

229,203‌

21,418

MiMedx

Group,

Inc.

(a)

97,238‌

North

Square

Kennedy

MicroCap

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

Sh

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COMMON

STOCKS

—

96.0%

(Continued)

HEALTH

CARE

—

24.9%

(Continued)

MEDICAL

EQUIPMENT

&

DEVICES

—

7.8%

(Continued)

35,272

Neogen

Corp.

(a)

$

407,744‌

7,167

OrthoPediatrics

Corp.

(a)

167,063‌

3,830

QuidelOrtho

Corp.

(a)

55,267‌

2,709,950‌

TOTAL HEALTH

CARE

8,683,607‌

INDUSTRIALS

—

15.5%

AEROSPACE

&

DEFENSE

—

1.7%

1,633

Ducommun,

Inc.

(a)

279,929‌

15,703

Innovative

Solutions

and

Suport,

Inc.

(a)

298,357‌

578,286‌

COMMERCIAL

SUPPORT

SERVICES

—

4.4%

8,284

Barrett

Business

Services,

Inc.

284,970‌

575

CRA

International,

Inc.

100,337‌

920

Enviri

Corp.

(a)

20,498‌

14,487

Healthcare

Services

Group,

Inc.

(a)

318,569‌

18,322

Kelly

Services,

Inc.,

Class

A

315,138‌

11,255

Perma-Fix

Environmental

Services,

Inc.

(a)

204,278‌

21,703

Resources

Connection,

Inc.

90,936‌

2,698

V2X,

Inc.

(a)

208,178‌

1,542,904‌

ELECTRICAL

EQUIPMENT

—

1.0%

18,465

LSI

Industries,

Inc.

361,729‌

ENGINEERING

&

CONSTRUCTION

—

1.1%

26,775

Orion

Group

Holdings,

Inc.

(a)

251,685‌

582

VSE

Corp.

121,452‌

373,137‌

INDUSTRIAL

INTERMEDIATE

PRODUCTS

—

1.8%

1,002

AZZ,

Inc.

137,434‌

20,232

Hillman

Solutions

Corp.

(a)

155,787‌

4,240

Insteel

Industries,

Inc.

127,624‌

10,692

Mayville

Engineering

Co.,

Inc.

(a)

206,997‌

627,842‌

MACHINERY

—

3.0%

7,178

Enerpac

Tool

Group

Corp.

267,883‌

1,781

Graham

Corp.

(a)

155,321‌

5,080

Ichor

Holdings

Ltd.

(a)

272,136‌

1,191

Lindsay

Corp.

136,858‌

845

Manitowoc

Co.,

Inc.

(The)

(a)

16,410‌

2,114

Tennant

Company

147,134‌

7,958

Titan

International,

Inc.

(a)

57,218‌

1,052,960‌

North

Square

Kennedy

MicroCap

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

Sh

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COMMON

STOCKS

—

96.0%

(Continued)

INDUSTRIALS

—

15.5%

(Continued)

TRANSPORTATION

&

LOGISTICS

—

0.9%

16,684

Proficient

Auto

Logistics,

Inc.

(a)

$

84,087‌

6,135

Werner

Enterprises,

Inc.

240,369‌

324,456‌

TRANSPORTATION

EQUIPMENT

—

1.6%

15,489

Aebi

Schmidt

Holding

AG

195,936‌

26,584

FreightCar

America,

Inc.

(a)

183,164‌

3,493

Greenbrier

Companies,

Inc

(The)

157,429‌

536,529‌

TOTAL INDUSTRIALS

5,397,843‌

MATERIALS

—

4.1%

CHEMICALS

—

2.6%

15,206

LSB

Industries,

Inc.

(a)

162,248‌

1,028

Materion

Corp.

242,690‌

2,240

Minerals

Technologies,

Inc.

158,861‌

10,779

Park

Aerospace

Corp.

350,749‌

914,548‌

CONTAINERS

&

PACKAGING

—

0.9%

8,302

TriMas

Corp.

321,952‌

STEEL

—

0.6%

9,478

Metallus,

Inc.

(a)

185,010‌

TOTAL MATERIALS

1,421,510‌

REAL

ESTATE

—

2.9%

REIT

—

2.9%

36,251

Chatham

Lodging

Trust

472,351‌

5,782

Community

Healthcare

Trust,

Inc.

85,053‌

10,213

CTO

Realty

Growth,

Inc.

217,946‌

9,142

Easterly

Government

Properties,

Inc.

224,253‌

999,603‌

TOTAL REAL

ESTATE

999,603‌

TECHNOLOGY

—

16.4%

SEMICONDUCTORS

—

2.2%

6,263

Alpha

&

Omega

Semiconductor

Ltd.

(a)

154,446‌

10,483

Amtech

Systems,

Inc.

(a)

153,261‌

6,493

Penguin

Solutions,

Inc.

(a)

318,676‌

3,472

Veeco

Instruments,

Inc.

(a)

153,810‌

780,193‌

SOFTWARE

—

8.0%

6,831

Adeia,

Inc.

172,346‌

18,831

Asure

Software,

Inc.

(a)

171,739‌

28,972

AudioEye,

Inc.

(a)

213,524‌

23,346

AvePoint,

Inc.

(a)

324,976‌

North

Square

Kennedy

MicroCap

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

Sh

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COMMON

STOCKS

—

96.0%

(Continued)

TECHNOLOGY

—

16.4%

(Continued)

SOFTWARE

—

8.0%

(Continued)

42,165

Definitive

Healthcare

Corp.

(a)

$

40,057‌

20,285

DoubleVerify

Holdings,

Inc.

(a)

271,819‌

50,026

Evolent

Health,

Inc.,

Class

A

(a)

225,117‌

15,941

nCino,

Inc.

(a)

360,267‌

5,582

Progress

Software

Corp.

(a)

258,279‌

6,965

Red

Violet,

Inc.

(a)

509,559‌

27,205

Sophia

Genetics

S.A.

(a)

228,522‌

2,776,205‌

TECHNOLOGY

HARDWARE

—

3.1%

10,219

Aviat

Networks,

Inc.

(a)

203,665‌

2,110

Frequency

Electronics,

Inc.

(a)

127,127‌

6,885

Kornit

Digital

Ltd.

(a)

115,943‌

11,212

PAR

Technology

Corp.

(a)

210,786‌

85,328

Powerfleet,

Inc.

(a)

255,984‌

1,194

Vishay

Precision

Group,

Inc.

(a)

73,801‌

16,013

Vistance

Networks,

Inc.

101,042‌

1,088,348‌

TECHNOLOGY

SERVICES

—

3.1%

110,781

Conduent,

Inc.

(a)

190,543‌

8,480

Gorilla

Technology

Group,

Inc.

(a)

127,539‌

10

Grid

Dynamics

Holdings,

Inc.

(a)

80‌

3,047

ICF

International,

Inc.

271,488‌

64,757

Rimini

Street,

Inc.

(a)

363,287‌

22,956

Telos

Corp.

(a)

110,648‌

1,063,585‌

TOTAL TECHNOLOGY

5,708,331‌

TOTAL

COMMON

STOCKS

(Cost $27,007,194)

33,465,799‌

RIGHTS

—

0.0%

(b)

HEALTH

CARE

—

0.0%

(b)

6,763‌

Alkermes

PLC

-

CVR

–‌

TOTAL

RIGHTS

Cost

($–)

–‌

SHORT-TERM

INVESTMENTS

—

4.3%

1,500,918‌

First

American

Treasury

Obligations

Fund,

Class

X,

3.60%

(c)

1,500,918‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$1,500,918)

1,500,918‌

TOTAL

INVESTMENTS

—

100.3%

(Cost

$28,508,112)

$

34,966,717‌

Liabilities

in

Excess

of

Other

Assets —

(0.3)%

(98,167)

NET

ASSETS

—

100.0%

$

34,868,550‌

North

Square

Kennedy

MicroCap

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

(a)

Non-income

producing

security.

(b)

Percentage

rounds

to

less

than

0.1%.

(c)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

August

31,

2026.

ETF

-

Exchange-Traded

Funds

North

Square

Select

Small

Cap

Fund

Schedule

of

Investments

August

31,

2026

(Unaudited)

Sh

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F

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V

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COMMON

STOCKS

—

99.2%

CONSUMER

DISCRETIONARY

—

17.3%

AUTOMOTIVE

—

1.0%

71,582

Holley,

Inc.

(a)

$

204,724‌

LEISURE

FACILITIES

&

SERVICES

—

6.5%

19,223

Pursuit

Attractions

and

Hospitality,

Inc.

(a)

922,704‌

2,753

Vail

Resorts,

Inc.

376,913‌

1,299,617‌

RETAIL

-

DISCRETIONARY

—

3.8%

709

Asbury

Automotive

Group,

Inc.

(a)

149,883‌

19,400

Valvoline,

Inc.

(a)

621,964‌

771,847‌

WHOLESALE

-

DISCRETIONARY

—

6.0%

33,958

Openlane

,

Inc.

(a)

1,208,905‌

TOTAL CONSUMER

DISCRETIONARY

3,485,093‌

CONSUMER

STAPLES

—

5.7%

FOOD

—

2.6%

6,776

Cal-Maine

Foods,

Inc.

534,762‌

WHOLESALE

-

CONSUMER

STAPLES

—

3.1%

6,255

Performance

Food

Group

Co.

(a)

620,308‌

TOTAL CONSUMER

STAPLES

1,155,070‌

FINANCIALS

—

14.8%

BANKING

—

11.6%

13,735

First

Merchants

Corp.

569,590‌

4,436

Nicolet

Bankshares

,

Inc.

751,192‌

5,671

Southstate

Bank

Corp.

594,831‌

5,336

Stock

Yards

Bancorp,

Inc.

422,665‌

2,338,278‌

INSTITUTIONAL

FINANCIAL

SERVICES

—

3.2%

12,453

Jefferies

Financial

Group,

Inc.

655,526‌

TOTAL FINANCIALS

2,993,804‌

HEALTH

CARE

—

3.4%

HEALTH

CARE

FACILITIES

&

SERVICES

—

3.4%

7,063

HealthEquity,

Inc.

(a)

681,862‌

TOTAL HEALTH

CARE

681,862‌

INDUSTRIALS

—

25.9%

AEROSPACE

&

DEFENSE

—

4.4%

5,804

National

Presto

Industries,

Inc.

880,525‌

ELECTRICAL

EQUIPMENT

—

8.7%

3,079

Bel

Fuse,

Inc.,

Class

B

767,518‌

North

Square

Select

Small

Cap

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

Sh

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F

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V

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COMMON

STOCKS

—

99.2%

(Continued)

INDUSTRIALS

—

25.9%

(Continued)

ELECTRICAL

EQUIPMENT

—

8.7%

(Continued)

13,055

M-Tron

Industries,

Inc.

(a)

$

994,269‌

1,761,787‌

INDUSTRIAL

INTERMEDIATE

PROD

—

3.4%

15,277

Gibraltar

Industries,

Inc.

(a)

687,312‌

MACHINERY

—

9.4%

4,667

JBT

Marel

Corp.

545,432‌

12,661

Midera

Food

Processing,

Inc.

(a)

593,548‌

4,194

Tennant

Co.

291,902‌

7,390

Terex

Corp.

469,339‌

1,900,221‌

TOTAL INDUSTRIALS

5,229,845‌

MATERIALS

—

13.8%

CONSTRUCTION

MATERIALS

—

2.7%

2,836

Eagle

Materials,

Inc.

550,922‌

CONTAINERS

&

PACKAGING

—

11.1%

43,193

Myers

Industries,

Inc.

1,386,063‌

21,997

TriMas

Corp.

853,044‌

2,239,107‌

TOTAL MATERIALS

2,790,029‌

REAL

ESTATE

—

4.5%

REAL

ESTATE

OWNERS

&

DEVELOPERS

—

4.5%

32,407

Legacy

Housing

Corp.

(a)

911,609‌

TOTAL REAL

ESTATE

911,609‌

TECHNOLOGY

—

13.8%

SOFTWARE

—

11.6%

93,624

ACV

Auctions,

Inc.,

Class

A

(a)

658,177‌

33,751

Alkami

Technology,

Inc.

(a)

688,520‌

1,590

Daily

Journal

Corp.

(a)

990,467‌

2,337,164‌

TECHNOLOGY

SERVICES

—

2.2%

23,593

Flywire

Corp.

(a)

445,672‌

TOTAL TECHNOLOGY

2,782,836‌

TOTAL

COMMON

STOCKS

(Cost $14,380,698)

20,030,148‌

TOTAL

INVESTMENTS

—

99.2%

(Cost

$14,380,698)

$

20,030,148‌

Other

Assets

in

Excess

of

Liabilities

—

0.8%

155,717

NET

ASSETS

—

100.0%

$

20,185,865‌

(a)

Non-income

producing

security.

North

Square

Altrinsic

International

Equity

Fund

Schedule

of

Investments

August

31,

2026

(Unaudited)

Sh

ar

e

s

F

air

V

alu

e

COMMON

STOCKS

—

96.4%

Belgium

—

1.1%

5,942

KBC

Groupe

N.V.

$

904,371‌

Bermuda

—

4.4%

13,413

Axis

Capital

Holdings

Ltd.

1,324,936‌

6,485

Everest

Re

Group,

Ltd.

2,429,605‌

3,754,541‌

Canada

—

0.7%

3,193

Intact

Financial

Corp.

618,050‌

China

—

1.2%

71,005

Alibaba

Group

Holding

Ltd.

1,015,000‌

France

—

10.0%

3,779

Airbus

SE

866,004‌

50,134

Bureau

Veritas

SA

1,586,995‌

13,947

Cia

Generale

de

Establissements

Michelin

SCA

566,085‌

21,930

Danone

SA

1,635,823‌

18,030

Sanofi

1,603,437‌

25,883

TotalEnergies

SE

2,281,234‌

8,539,578‌

Germany

—

10.9%

7,858

Adidas

AG

1,376,657‌

11,876

Bayerische

Motoren

Werke

AG

852,263‌

7,888

Daimler

Truck

Holding

AG

427,268‌

8,254

Deutsche

Boerse

AG

2,758,932‌

9,545

Deutsche

Post

AG

620,148‌

16,493

GEA

Group

AG

1,284,183‌

1,490

MTU

Aero

Engines

A.G.

607,698‌

2,317

Siemens

AG

768,300‌

13,701

Siemens

Healthineers

AG

620,338‌

9,315,787‌

India

—

1.1%

39,984

HDFC

Bank

Ltd.

-

ADR

907,637‌

Indonesia

—

0.9%

3,303,596

PT

Bank

Mandiri

(Persero)

Tbk

786,966‌

Ireland

—

14.8%

5,229

Aon

PLC,

Class

A

1,681,228‌

65,101

Bank

of

Ireland

Group

ADR

1,436,690‌

12,425

CRH

PLC

1,171,553‌

13,887

Kerry

Group

PLC,

Class

A

1,354,297‌

13,871

Kingspan

Group

PLC

1,649,675‌

16,562

Medtronic

PLC

1,501,345‌

34,463

Octave

Intelligence

ADR

(a)

686,411‌

9,945

Octave

Intelligence

PLC

(a)

198,900‌

6,252

TE

Connectivity

PLC

1,283,223‌

North

Square

Altrinsic

International

Equity

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

Sh

ar

e

s

F

air

V

alu

e

COMMON

STOCKS

—

96.4%

(Continued)

Ireland

—

14.8%

(Continued)

5,098

Willis

Towers

Watson

PLC

$

1,725,928‌

12,689,250‌

Israel

—

1.6%

9,841

Check

Point

Software

Technologies

Ltd.

(a)

1,367,013‌

Italy

—

1.6%

48,738

FinecoBank

SpA

1,342,008‌

Japan

—

15.8%

49,912

Daito

Trust

Construction

Co.,

Ltd.

1,040,672‌

110,495

Japan

Exchange

Group,

Inc.

1,544,003‌

80,921

Kubota

Corp.

1,476,372‌

28,967

Murata

Manufacturing

Co.

Ltd.

1,287,273‌

4,546

SMC

Corp.

1,992,663‌

92,278

Sony

Group

Corp.

2,280,235‌

185,776

Sumitomo

Mitsui

Trust

Holdings,

Inc.

2,056,553‌

137,503

Suzuki

Motor

Corp.

1,903,602‌

13,581,373‌

Korea

(Republic

Of)

—

2.1%

3,994

Samsung

Electronics

Co.

Ltd.

754,616‌

2,173

Samsung

Fire

&

Marine

Insurance

Co.,

Ltd.

1,052,673‌

1,807,289‌

Mexico

—

3.6%

6,384

Fomento

Economico

Mexicano

SAB

de

CV

-

ADR

768,697‌

123,843

Grupo

Financiero

Banorte

SAB

de

CV

1,404,143‌

334,889

Wal-Mart

de

Mexico

SAB

de

CV

931,369‌

3,104,209‌

Netherlands

—

5.2%

8,770

Euronext

N.V.

1,660,731‌

18,464

Heineken

N.V.

1,559,254‌

47,429

Koninklijke

Philips

N.V.

1,263,182‌

4,483,167‌

Norway

—

1.6%

40,113

DNB

Bank

ASA

1,366,193‌

Spain

—

1.1%

50,484

Bankinter

SA

974,792‌

Switzerland

—

4.8%

8,813

Chubb

Ltd.

2,984,082‌

6,914

Nestle

SA

672,589‌

5,949

Sandoz

Group

AG

499,614‌

4,156,285‌

Thailand

—

0.8%

116,835

Bangkok

Bank

PCL

-

ADR

672,729‌

North

Square

Altrinsic

International

Equity

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

Sh

ar

e

s

F

air

V

alu

e

COMMON

STOCKS

—

96.4%

(Continued)

United

Kingdom

—

13.2%

25,161

Admiral

Group

PLC

$

1,364,595‌

25,043

BP

PLC

-

ADR

1,073,593‌

20,594

Compass

Group

PLC

626,715‌

51,854

Diageo

PLC

1,192,064‌

70,537

GSK

PLC

1,773,898‌

353,680

Haleon

PLC

1,761,622‌

136,107

Informa

PLC

1,641,292‌

15,133

Intertek

Group

PLC

1,189,014‌

49,400

Smith

&

Nephew

PLC

706,478‌

11,329,271‌

TOTAL

COMMON

STOCKS

(Cost

$65,655,683)

82,715,509‌

SHORT-TERM

INVESTMENTS

—

3.2%

2,702,922‌

First

American

Treasury

Obligations

Fund,

Class

X,

3.60%

(b)

2,702,922‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$2,702,922)

2,702,922‌

TOTAL

INVESTMENTS

—

99.6%

(Cost

$68,358,605)

$

85,418,431‌

Other

Assets

in

Excess

of

Liabilities

—

0.5%

383,917‌

NET

ASSETS

—

100.0%

$

85,802,348‌

(a)

Non-income

producing

security.

(b)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

August

31,

2026.

ADR

-

American

Depositary

Receipt.

North

Square

McKee

Bond

Fund

Schedule

of

Investments

August

31,

2026

(Unaudited)

,

P

r

i

nc

i

p

a

l

Amo

u

nt

($)

F

a

i

r

V

a

lu

e

ASSET

BACKED

SECURITIES

—

4.8%

500,000

Ally

Auto

Receivables

Trust

2026-1

A3,

3.92%,

10/15/30

$

495,749‌

22,000

BBCMS

Mortgage

Trust

2017-C1

A4,

3.67%,

2/15/50

21,883‌

433,000

BBCMS

Mortgage

Trust

2026-5C42

A3,

5.60%,

7/15/33

440,454‌

1,016,000

BMO

2025-5C11

A3

Mortgage

Trust,

5.67%,

7/15/58

1,030,512‌

826,000

BMO

2026-C15

Mortgage

Trust,

5.52%,

8/15/59

830,503‌

360,000

CNH

Equipment

Trust

2025-B

A3,

4.30%,

10/15/30

358,539‌

476,716

EQUS

2021-EQAZ

A

Mortgage

Trust,

4.66%,

10/15/36

(1MO

SOFR

+

102bps)

(a)(b)

476,702‌

403,000

GM

Financial

Consumer

Automobile

Receivables

2026-2

A3,

4.15%,

8/18/31

399,050‌

875,000

GMF

Floorplan

Owner

Revolving

Trust

2025-2A

A,

4.64%,

3/15/30

(a)

876,418‌

395,000

Honda

Auto

Receivables

2026-2

A3

Owner

Trust,

4.13%,

11/15/30

392,808‌

331,000

Hyundai

Auto

Receivables

Trust

2026-B

A3,

4.51%,

2/18/31

330,513‌

464,000

Kubota

Credit

Owner

Trust

2026-2A

A3,

4.61%,

9/16/30

(a)

463,664‌

1,803,000

NextGear

Floorplan

Master

Owner

Trust

2024-2A

A2,

4.42%,

9/15/27

(a)

1,803,186‌

652,000

Nissan

Auto

Receivables

2026-A

A3

Owner

Trust,

4.47%,

12/16/30

651,277‌

600,000

T-Mobile

US

Trust

2026-2A

A,

4.74%,

3/20/31

(a)

600,840‌

464,000

Verizon

Master

Trust

2025-7

A1A,

3.96%,

8/20/31

459,246‌

735,000

Verizon

Master

Trust

2026-1

A1A,

3.94%,

2/20/31

729,165‌

848,000

Wells

Fargo

Commercial

Mortgage

Trust

2026-5C10

A3,

5.79%,

6/15/59

865,800‌

748,000

Wells

Fargo

Commercial

Mortgage

Trust

2026-5C8,

5.03%,

3/15/59

743,025‌

848,000

World

Omni

Auto

Receivables

Trust

2025-C

A3,

4.08%,

11/15/30

844,499‌

TOTAL

ASSET

BACKED

SECURITIES

(Cost $12,894,109)

12,813,833‌

CORPORATE

BONDS

—

29.4%

COMMUNICATIONS

—

2.6%

CABLE

&

SATELLITE

—

0.3%

1,173,000

Comcast

Corp.,

3.25%,

11/01/39

856,960‌

ENTERTAINMENT

CONTENT

—

0.6%

1,136,000

Fox

Corp.,

6.50%,

10/13/33

1,197,078‌

153,000

Walt

Disney

Co.

(The),

4.00%,

3/14/31

147,877‌

1,344,955‌

INTERNET

MEDIA

&

SERVICES

—

1.3%

796,000

Alphabet,

Inc.,

4.40%,

2/15/33

762,049‌

663,000

Alphabet,

Inc.,

4.70%,

11/15/35

628,381‌

304,000

Alphabet,

Inc.,

6.25%,

8/15/46

305,678‌

481,000

Meta

Platforms,

Inc.,

4.60%,

11/15/32

462,028‌

989,000

Meta

Platforms,

Inc.,

4.88%,

11/15/35

926,134‌

339,000

Meta

Platforms,

Inc.,

5.60%,

5/15/53

285,069‌

3,369,339‌

TELECOMMUNICATIONS

—

0.4%

451,000

AT&T,

Inc.,

3.50%,

6/01/41

334,655‌

1,326,000

Verizon

Communications,

Inc.,

2.65%,

11/20/40

910,600‌

1,245,255‌

TOTAL COMMUNICATIONS

6,816,509‌

North

Square

McKee

Bond

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

P

r

i

nc

i

p

a

l

Amo

u

nt

($)

F

a

i

r

V

a

lu

e

CORPORATE

BONDS

—

29.4%

(Continued)

CONSUMER

DISCRETIONARY

—

3.2%

AUTOMOTIVE

—

2.2%

950,000

American

Honda

Finance

Corp.,

5.05%,

7/08/31

$

942,518‌

780,000

Ford

Motor

Co.,

Class

B,

3.25%,

2/12/32

682,508‌

710,000

General

Motors

Financial

Co.,

Inc.,

5.35%,

1/07/30

714,265‌

742,000

General

Motors

Financial

Co.,

Inc.,

5.10%,

9/15/31

734,844‌

1,609,000

Honda

Motor

Co.,

Ltd.,

4.69%,

7/08/30

1,587,441‌

1,080,000

Toyota

Motor

Credit

Corp.,

4.60%,

3/11/33

1,044,397‌

5,705,973‌

E-COMMERCE

DISCRETIONARY

—

0.9%

1,436,000

Amazon.com,

Inc.,

4.55%,

3/13/33

1,383,473‌

1,181,000

Amazon.com,

Inc.,

5.10%,

7/09/33

1,167,948‌

2,551,421‌

RETAIL

-

DISCRETIONARY

—

0.1%

348,000

Lowe's

Companies,

Inc.,

4.50%,

10/15/32

334,745‌

TOTAL CONSUMER

DISCRETIONARY

8,592,139‌

CONSUMER

STAPLES

—

0.8%

RETAIL

-

CONSUMER

STAPLES

—

0.6%

1,793,000

Walmart,

Inc.,

4.45%,

4/30/33

1,747,947‌

TOBACCO

&

CANNABIS

—

0.2%

438,000

Philip

Morris

International,

Inc.,

5.13%,

2/15/30

440,821‌

TOTAL CONSUMER

STAPLES

2,188,768‌

ENERGY

—

2.7%

OIL

&

GAS

PRODUCERS

—

2.7%

216,000

BP

Capital

Markets

America,

Inc.,

4.89%,

9/11/33

212,133‌

625,000

Chevron

Corp.,

4.82%,

4/15/32

622,495‌

1,026,000

ConocoPhillips

Co.,

5.30%,

5/15/53

918,628‌

408,000

Energy

Transfer

L.P.,

3.75%,

5/15/30

389,893‌

1,182,000

Exxon

Mobil

Corp.,

4.33%,

3/19/50

946,304‌

1,815,000

Kinder

Morgan,

Inc.,

5.55%,

8/01/36

1,800,442‌

504,000

ONEOK,

Inc.,

4.95%,

10/15/32

493,043‌

360,000

ONEOK,

Inc.,

6.63%,

9/01/53

368,701‌

763,000

TotalEnergies

Capital

SA

LLC,

5.49%,

4/05/54

711,623‌

865,000

TotalEnergies

Capital

USA

LLC,

4.57%,

1/13/33

836,770‌

7,300,032‌

TOTAL ENERGY

7,300,032‌

FINANCIALS

—

12.2%

ASSET

MANAGEMENT

—

0.4%

394,000

Charles

Schwab

Corp.

(The),

5.49%,

5/21/37

(b)

388,567‌

905,000

Charles

Schwab

Corp.

(The),

5.66%,

8/12/37

(SOFRRATE

+

132bps)

(b)

902,350‌

North

Square

McKee

Bond

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

P

r

i

nc

i

p

a

l

Amo

u

nt

($)

F

a

i

r

V

a

lu

e

CORPORATE

BONDS

—

29.4%

(Continued)

FINANCIALS

—

12.2%

(continued)

ASSET

MANAGEMENT

—

0.4%

(continued)

$

1,290,917‌

BANKING

—

9.3%

1,650,000

Bank

of

America

Corp.,

4.46%,

2/06/32

(b)

1,603,407‌

257,000

Bank

of

Nova

Scotia

(The),

4.25%,

2/02/30

(SOFRRATE

+

73bps)

(b)

253,071‌

630,000

Bank

of

Nova

Scotia

(The),

4.90%,

6/05/32

(SOFRRATE

+

97bps)

(b)

620,480‌

762,000

Barclays

PLC,

5.10%,

6/26/32

(SOFRRATE

+

114bps)

(b)

750,633‌

858,000

Canadian

Imperial

Bank

of

Commerce,

5.26%,

4/08/29

866,866‌

3,000,000

Citibank

NA,

4.85%,

7/28/31

3,021,600‌

596,000

Citigroup,

Inc.,

4.95%,

5/07/31

(b)

592,500‌

710,000

HSBC

Holdings

PLC,

5.29%,

11/19/30

(b)

712,834‌

1,253,000

JPMorgan

Chase

&

Co.,

5.14%,

1/24/31

(SOFRRATE

+

90bps)

(b)

1,257,073‌

721,000

JPMorgan

Chase

&

Co.,

4.62%,

4/23/32

(SOFRRATE

+

99bps)

(b)

704,802‌

1,182,000

JPMorgan

Chase

&

Co.,

4.81%,

10/22/36

(SOFRRATE

+

119bps)

(b)

1,120,377‌

2,562,000

JPMorgan

Chase

Bank

NA,

4.73%,

4/30/31

2,561,084‌

1,740,000

Morgan

Stanley

Bank

NA,

3.85%,

2/18/28

1,732,369‌

1,730,000

Morgan

Stanley

Private

Bank

NA,

3.85%,

2/18/28

1,722,412‌

690,000

Morgan

Stanley

Private

Bank

NA,

4.73%,

7/18/31

(SOFRRATE

+

108bps)

(b)

679,701‌

688,000

PNC

Financial

Services

Group,

Inc.

(The),

6.88%,

10/20/34

(SOFRRATE

+

228bps)

(b)

744,859‌

1,043,000

Royal

Bank

of

Canada,

4.65%,

10/18/30

(SOFRINDX

+

108bps)

(b)

1,032,141‌

351,000

Truist

Financial

Corp.,

4.60%,

1/27/32

(b)

341,799‌

223,000

Truist

Financial

Corp.,

5.12%,

1/26/34

(b)

218,874‌

1,000,000

UBS

Bank

USA,

3.80%,

2/11/28

995,337‌

538,000

US

Bancorp,

5.05%,

2/12/31

(SOFRRATE

+

106bps)

(b)

537,422‌

1,623,000

US

Bancorp,

4.84%,

2/01/34

(b)

1,573,802‌

750,000

Wells

Fargo

Bank

NA,

4.25%,

3/11/27

751,123‌

24,394,566‌

INSTITUTIONAL

FINANCIAL

SERVICES

—

2.2%

319,000

Bank

of

New

York

Mellon

Corp.

(The),

4.94%,

2/11/31

(b)

318,615‌

1,136,000

Bank

of

New

York

Mellon

Corp.

(The),

5.06%,

7/22/32

(b)

1,133,701‌

245,000

Goldman

Sachs

Bank

USA,

4.30%,

3/11/27

245,337‌

350,000

Goldman

Sachs

Bank

USA,

3.85%,

2/22/28

348,585‌

1,092,000

Goldman

Sachs

Group

Inc.

(The),

4.37%,

10/21/31

(b)

1,056,043‌

979,000

Goldman

Sachs

Group

Inc.

(The),

5.54%,

1/28/36

(SOFRRATE

+

138bps)

(b)

969,177‌

534,000

Morgan

Stanley,

5.23%,

1/15/31

(b)

536,014‌

1,350,000

Morgan

Stanley,

5.07%,

1/30/37

(b)

1,287,536‌

5,895,008‌

SPECIALTY

FINANCE

—

0.3%

798,000

Capital

One

Financial

Corp.,

7.62%,

10/30/31

(SOFRRATE

+

307bps)

(b)

865,164‌

TOTAL FINANCIALS

32,445,655‌

North

Square

McKee

Bond

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

P

r

i

nc

i

p

a

l

Amo

u

nt

($)

F

a

i

r

V

a

lu

e

CORPORATE

BONDS

—

29.4%

(Continued)

HEALTH

CARE

—

1.7%

BIOTECH

&

PHARMA

—

0.9%

694,000

AbbVie,

Inc.,

5.05%,

9/15/33

$

687,711‌

1,105,000

Eli

Lilly

&

Co.,

5.00%,

2/09/54

969,485‌

605,000

Merck

&

Co.,

Inc.,

4.75%,

5/19/33

590,132‌

2,247,328‌

HEALTH

CARE

FACILITIES

&

SERVICES

—

0.8%

1,174,000

Cigna

Group

(The),

5.25%,

1/15/36

1,147,538‌

854,000

UnitedHealth

Group,

Inc.,

5.15%,

7/15/34

843,103‌

361,000

UnitedHealth

Group,

Inc.,

5.88%,

2/15/53

347,149‌

2,337,790‌

TOTAL HEALTH

CARE

4,585,118‌

INDUSTRIALS

—

1.0%

AEROSPACE

&

DEFENSE

—

0.4%

506,000

Boeing

Co.

(The),

5.15%,

5/01/30

507,599‌

575,000

Lockheed

Martin

Corp.,

4.70%,

5/15/46

493,683‌

1,001,282‌

ELECTRICAL

EQUIPMENT

—

0.1%

363,000

Johnson

Controls

International

PLC,

5.50%,

4/19/29

368,770‌

MACHINERY

—

0.1%

234,000

Caterpillar,

Inc.,

5.20%,

5/15/35

233,537‌

TRANSPORTATION

&

LOGISTICS

—

0.4%

1,413,000

Burlington

Northern

Santa

Fe

LLC,

4.55%,

9/01/44

1,203,902‌

8,608

Union

Pacific

Railroad

Co.

2005

Pass

Through

Trust,

5.08%,

1/02/29

8,635‌

1,212,537‌

TOTAL INDUSTRIALS

2,816,126‌

REAL

ESTATE

—

0.2%

REIT

—

0.2%

208,000

American

Tower

Corp.,

4.90%,

3/15/30

207,068‌

299,000

American

Tower

Corp.,

4.70%,

12/15/32

288,718‌

495,786‌

TOTAL REAL

ESTATE

495,786‌

TECHNOLOGY

—

2.4%

SEMICONDUCTORS

—

0.8%

344,000

Broadcom,

Inc.,

4.35%,

2/15/30

335,350‌

600,000

Broadcom,

Inc.,

4.15%,

11/15/30

576,126‌

636,000

Broadcom,

Inc.,

3.14%,

11/15/35

512,119‌

734,000

Nvidia

Corp.,

4.95%,

6/15/36

698,034‌

2,121,629‌

SOFTWARE

—

1.1%

1,652,000

Oracle

Corp.,

4.95%,

2/04/31

1,583,624‌

191,000

Oracle

Corp.,

5.88%,

9/26/45

157,596‌

North

Square

McKee

Bond

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

P

r

i

nc

i

p

a

l

Amo

u

nt

($)

F

a

i

r

V

a

lu

e

CORPORATE

BONDS

—

29.4%

(Continued)

TECHNOLOGY

—

2.4%

(continued)

SOFTWARE

—

1.1%

(continued)

1,011,000

Salesforce,

Inc.,

5.55%,

3/15/36

$

992,970‌

2,734,190‌

TECHNOLOGY

HARDWARE

—

0.2%

857,000

Apple,

Inc.,

2.95%,

9/11/49

536,815‌

TECHNOLOGY

SERVICES

—

0.3%

800,000

International

Business

Machines

Corp.,

4.15%,

5/15/39

669,958‌

328,000

PayPal

Holdings,

Inc.,

5.55%,

6/01/36

320,498‌

990,456‌

TOTAL TECHNOLOGY

6,383,090‌

UTILITIES

—

2.6%

ELECTRIC

UTILITIES

—

2.6%

747,000

Alabama

Power

Co.,

3.45%,

10/01/49

507,214‌

281,000

Berkshire

Hathaway

Energy

Co.,

3.70%,

7/15/30

268,978‌

1,870,000

Duke

Energy

Carolinas

LLC,

5.30%,

2/15/40

1,798,719‌

463,000

Florida

Power

&

Light

Co.,

5.30%,

6/15/34

463,717‌

695,000

Florida

Power

&

Light

Co.,

5.30%,

4/01/53

623,011‌

1,821,000

MidAmerican

Energy

Co.,

4.25%,

7/15/49

1,418,207‌

191,000

NextEra

Energy

Capital

Holdings,

Inc.,

2.25%,

6/01/30

173,217‌

586,000

Virginia

Electric

and

Power

Co.,

4.95%,

3/15/36

557,679‌

1,137,000

Virginia

Electric

and

Power

Co.,

5.45%,

4/01/53

1,025,209‌

6,835,951‌

TOTAL UTILITIES

6,835,951‌

TOTAL

CORPORATE

BONDS

(Cost $80,331,806)

78,459,174‌

MORTGAGE-BACKED

SECURITIES

—

30.3%

246,366‌

Fannie

Mae

Pool

,

4.00%,

5/15/27

229,622‌

9,901‌

Fannie

Mae

Pool

,

5.00%,

11/01/29

9,923‌

15,927‌

Fannie

Mae

Pool

,

1.50%,

10/01/36

14,215‌

59,201‌

Fannie

Mae

Pool

,

3.50%,

12/01/37

56,868‌

208,327‌

Fannie

Mae

Pool

,

3.00%,

10/01/40

190,979‌

196,453‌

Fannie

Mae

Pool

,

2.00%,

11/01/40

169,123‌

136,966‌

Fannie

Mae

Pool

,

2.00%,

1/01/41

118,229‌

347,751‌

Fannie

Mae

Pool

,

2.50%,

9/01/41

308,309‌

392,064‌

Fannie

Mae

Pool

,

2.50%,

10/01/41

347,718‌

210,459‌

Fannie

Mae

Pool

,

2.50%,

11/01/41

186,259‌

505,124‌

Fannie

Mae

Pool

,

4.50%,

11/01/44

488,150‌

333,463‌

Fannie

Mae

Pool

,

5.00%,

8/01/45

328,247‌

66,104‌

Fannie

Mae

Pool

,

3.50%,

6/01/46

60,162‌

156,880‌

Fannie

Mae

Pool

,

5.00%,

11/01/46

156,327‌

80,720‌

Fannie

Mae

Pool

,

3.00%,

4/01/48

70,453‌

299,118‌

Fannie

Mae

Pool

,

4.50%,

1/01/49

284,209‌

16,654‌

Fannie

Mae

Pool

,

2.50%,

7/01/49

14,012‌

63,551‌

Fannie

Mae

Pool

,

3.00%,

12/01/49

55,170‌

North

Square

McKee

Bond

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

P

r

i

nc

i

p

a

l

Amo

u

nt

($)

F

a

i

r

V

a

lu

e

MORTGAGE-BACKED

SECURITIES

—

30.3%

(Continued)

961,272‌

Fannie

Mae

Pool

,

3.50%,

3/01/50

$

858,837‌

218,611‌

Fannie

Mae

Pool

,

2.50%,

5/01/50

177,237‌

990,331‌

Fannie

Mae

Pool

,

2.50%,

6/01/50

825,943‌

180,139‌

Fannie

Mae

Pool

,

5.00%,

6/01/50

176,596‌

108,145‌

Fannie

Mae

Pool

,

2.50%,

10/01/50

90,220‌

15,135‌

Fannie

Mae

Pool

,

2.00%,

1/01/51

12,066‌

282,281‌

Fannie

Mae

Pool

,

2.50%,

2/01/51

236,177‌

330,208‌

Fannie

Mae

Pool

,

2.50%,

2/01/51

273,560‌

231,346‌

Fannie

Mae

Pool

,

2.00%,

3/01/51

185,565‌

22,933‌

Fannie

Mae

Pool

,

2.00%,

5/01/51

18,095‌

21,312‌

Fannie

Mae

Pool

,

2.50%,

5/01/51

17,659‌

577,956‌

Fannie

Mae

Pool

,

2.50%,

6/01/51

482,013‌

307,463‌

Fannie

Mae

Pool

,

2.50%,

6/01/51

256,773‌

997,077‌

Fannie

Mae

Pool

,

2.50%,

7/01/51

829,933‌

582,687‌

Fannie

Mae

Pool

,

2.50%,

8/01/51

482,300‌

22,966‌

Fannie

Mae

Pool

,

2.50%,

10/01/51

18,885‌

225,751‌

Fannie

Mae

Pool

,

2.50%,

10/01/51

185,740‌

214,863‌

Fannie

Mae

Pool

,

2.00%,

1/01/52

170,328‌

214,085‌

Fannie

Mae

Pool

,

3.00%,

1/01/52

184,504‌

252,668‌

Fannie

Mae

Pool

,

3.50%,

1/01/52

225,178‌

506,992‌

Fannie

Mae

Pool

,

4.00%,

1/01/52

469,714‌

473,304‌

Fannie

Mae

Pool

,

2.00%,

2/01/52

377,321‌

34,959‌

Fannie

Mae

Pool

,

2.00%,

3/01/52

28,005‌

293,756‌

Fannie

Mae

Pool

,

3.50%,

6/01/52

261,451‌

289,864‌

Fannie

Mae

Pool

,

5.00%,

6/01/52

283,734‌

714,224‌

Fannie

Mae

Pool

,

3.50%,

8/01/52

638,173‌

375,118‌

Fannie

Mae

Pool

,

5.00%,

11/01/52

365,153‌

1,165,475‌

Fannie

Mae

Pool

,

4.50%,

12/01/52

1,100,784‌

171,892‌

Fannie

Mae

Pool

,

6.50%,

1/01/53

178,689‌

649,995‌

Fannie

Mae

Pool

,

4.00%,

7/01/53

597,602‌

309,753‌

Fannie

Mae

Pool

,

6.00%,

9/01/53

314,290‌

455,629‌

Fannie

Mae

Pool

,

5.50%,

3/01/54

456,130‌

645,123‌

Fannie

Mae

Pool

,

4.00%,

4/01/54

595,142‌

1,804,760‌

Fannie

Mae

Pool

,

5.00%,

4/01/54

1,756,064‌

2,199,058‌

Fannie

Mae

Pool

,

5.00%,

11/01/54

2,149,693‌

377,086‌

Fannie

Mae

Pool

,

5.50%,

2/01/55

373,690‌

604,110‌

Fannie

Mae

Pool

,

5.50%,

3/01/55

598,803‌

924,011‌

Fannie

Mae

Pool

,

6.00%,

3/01/55

943,856‌

1,016,008‌

Fannie

Mae

Pool

,

5.00%,

1/01/56

983,154‌

49,574‌

Fannie

Mae

Pool

,

4.50%,

4/01/56

47,304‌

270,509‌

Fannie

Mae

Pool

,

4.50%,

8/01/56

256,781‌

700,958‌

Fannie

Mae

Pool

,

5.50%,

9/01/56

709,095‌

796,686‌

Fannie

Mae

REMICS

2005-W1

1A1

,

6.00%,

10/25/44

812,255‌

23,591‌

Fannie

Mae

REMICS

2012-111

EC

,

2.00%,

12/25/41

21,844‌

2,300‌

Fannie

Mae

REMICS

2012-145

EA

,

1.25%,

1/25/28

2,259‌

806‌

Fannie

Mae

REMICS

2012-34PC

,

5.50%,

1/25/32

804‌

North

Square

McKee

Bond

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

P

r

i

nc

i

p

a

l

Amo

u

nt

($)

F

a

i

r

V

a

lu

e

MORTGAGE-BACKED

SECURITIES

—

30.3%

(Continued)

94,579‌

Fannie

Mae

REMICS

2013-2

MA

,

3.50%,

2/25/43

$

88,147‌

46,756‌

Fannie

Mae

REMICS

2013-31

NL

,

4.00%,

4/25/33

45,760‌

307,000‌

Fannie

Mae

REMICS

2017-44

VB

,

3.50%,

10/25/37

301,074‌

80,701‌

Fannie

Mae

REMICS

2017-82

PA

,

3.00%,

4/25/45

76,079‌

147,489‌

Fannie

Mae

REMICS

2017-89

PL

,

3.00%,

6/25/43

145,534‌

80,178‌

Fannie

Mae

REMICS

2018-62

PT

,

3.50%,

9/25/48

75,795‌

47,177‌

Fannie

Mae

REMICS

2019-35

A

,

3.00%,

7/25/49

41,731‌

221,451‌

Fannie

Mae

REMICS

2019-37

AG

,

3.50%,

6/25/53

210,085‌

134,312‌

Fannie

Mae

REMICS

2020-12

JC

,

2.00%,

3/25/50

110,748‌

462,213‌

Fannie

Mae

REMICS

2020-48

DA

,

2.00%,

7/25/50

380,869‌

109,398‌

Fannie

Mae

REMICS

2020-78

CA

,

2.00%,

10/25/44

99,496‌

8,355‌

Fannie

Mae

REMICS

2021-3

ME

,

1.00%,

2/25/51

6,308‌

29,889‌

Fannie

Mae

REMICS

2022-75

A

,

5.50%,

1/25/49

30,117‌

254,074‌

Fannie

Mae

REMICS

2023-21

,

5.00%,

1/25/53

250,719‌

121,293‌

Fannie

Mae

REMICS

2024-11

BK

,

5.00%,

2/25/51

121,315‌

221,127‌

Fannie

Mae

REMICS

2024-9

NP

,

5.50%,

6/25/44

222,236‌

657,000‌

Federal

Farm

Credit

Banks

Funding

Corp.

,

4.73%,

5/27/31

653,750‌

250,000‌

Federal

Farm

Credit

Banks

Funding

Corp.

,

4.73%,

6/16/31

248,622‌

1,240,000‌

Federal

Farm

Credit

Banks

Funding

Corp.

,

4.59%,

8/25/31

1,226,569‌

1,387,000‌

Federal

Farm

Credit

Banks

Funding

Corp.

,

5.11%,

7/15/32

1,380,016‌

763,000‌

Federal

Farm

Credit

Banks

Funding

Corp.

,

5.06%,

8/17/33

758,305‌

1,850,000‌

Federal

Home

Loan

Banks

,

5.35%,

8/12/33

1,834,883‌

1,745,000‌

Federal

Home

Loan

Banks

,

5.45%,

4/15/38

1,732,414‌

4,681,000‌

Federal

Home

Loan

Mortgage

Corp.

,

4.85%,

5/27/31

4,667,022‌

735,000‌

Federal

Home

Loan

Mortgage

Corp.

,

4.38%,

11/20/34

702,560‌

4,760‌

Freddie

Mac

Gold

Pool

,

3.00%,

11/01/46

4,173‌

185,742‌

Freddie

Mac

Gold

Pool

,

3.00%,

12/01/46

163,011‌

103,082‌

Freddie

Mac

Gold

Pool

,

3.00%,

1/01/47

89,914‌

414,216‌

Freddie

Mac

Pool

,

2.50%,

3/15/28

347,103‌

200,153‌

Freddie

Mac

Pool

,

3.50%,

6/15/29

179,214‌

207,540‌

Freddie

Mac

Pool

,

3.00%,

7/01/38

192,517‌

928,496‌

Freddie

Mac

Pool

,

4.50%,

8/01/45

896,731‌

482,655‌

Freddie

Mac

Pool

,

2.50%,

5/01/50

391,308‌

106,759‌

Freddie

Mac

Pool

,

2.00%,

8/01/50

85,732‌

202,605‌

Freddie

Mac

Pool

,

2.50%,

11/01/50

166,776‌

167,823‌

Freddie

Mac

Pool

,

2.50%,

12/01/50

139,865‌

259,933‌

Freddie

Mac

Pool

,

2.00%,

2/01/51

205,249‌

561,902‌

Freddie

Mac

Pool

,

2.50%,

3/01/51

468,954‌

29,439‌

Freddie

Mac

Pool

,

2.50%,

5/01/51

24,553‌

21,096‌

Freddie

Mac

Pool

,

2.50%,

6/01/51

17,362‌

358,414‌

Freddie

Mac

Pool

,

2.50%,

9/01/51

300,389‌

343,335‌

Freddie

Mac

Pool

,

2.00%,

11/01/51

270,274‌

381,727‌

Freddie

Mac

Pool

,

3.00%,

12/01/51

329,436‌

79,526‌

Freddie

Mac

Pool

,

3.50%,

1/01/52

70,858‌

396,319‌

Freddie

Mac

Pool

,

3.50%,

4/01/52

353,700‌

1,079,539‌

Freddie

Mac

Pool

,

4.00%,

5/01/52

991,307‌

North

Square

McKee

Bond

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

P

r

i

nc

i

p

a

l

Amo

u

nt

($)

F

a

i

r

V

a

lu

e

MORTGAGE-BACKED

SECURITIES

—

30.3%

(Continued)

495,151‌

Freddie

Mac

Pool

,

3.50%,

7/01/52

$

443,314‌

602,993‌

Freddie

Mac

Pool

,

3.00%,

8/01/52

523,582‌

3,589,331‌

Freddie

Mac

Pool

,

3.00%,

8/01/52

3,079,289‌

398,440‌

Freddie

Mac

Pool

,

5.00%,

12/01/52

392,784‌

476,087‌

Freddie

Mac

Pool

,

6.00%,

2/01/53

488,361‌

207,502‌

Freddie

Mac

Pool

,

5.50%,

6/01/53

207,489‌

14,495‌

Freddie

Mac

Pool

,

6.00%,

8/01/53

14,794‌

417,712‌

Freddie

Mac

Pool

,

5.50%,

9/01/53

419,683‌

184,333‌

Freddie

Mac

Pool

,

6.50%,

11/01/53

192,359‌

615,539‌

Freddie

Mac

Pool

,

6.00%,

3/01/54

634,063‌

809,120‌

Freddie

Mac

Pool

,

4.50%,

9/01/54

765,481‌

614,258‌

Freddie

Mac

Pool

,

5.00%,

9/01/54

594,901‌

177,378‌

Freddie

Mac

Pool

,

5.50%,

11/01/54

177,626‌

569,617‌

Freddie

Mac

Pool

,

5.50%,

3/01/55

566,323‌

466,643‌

Freddie

Mac

Pool

,

5.50%,

11/01/55

462,663‌

473,319‌

Freddie

Mac

Pool

,

5.50%,

11/01/55

469,766‌

856,669‌

Freddie

Mac

Pool

,

5.50%,

1/01/56

848,955‌

7,717‌

Freddie

Mac

REMICS

4097

BG

,

2.00%,

12/15/41

7,272‌

14,015‌

Freddie

Mac

REMICS

4322

DJ

,

3.00%,

5/15/43

13,779‌

131,221‌

Freddie

Mac

REMICS

4569

DA

,

3.00%,

8/15/44

126,613‌

18,045‌

Freddie

Mac

REMICS

4628

KA

,

3.00%,

1/15/55

17,562‌

146,875‌

Freddie

Mac

REMICS

4639

KB

,

3.25%,

4/15/53

143,136‌

493,914‌

Freddie

Mac

REMICS

4948

E

,

2.50%,

10/25/48

446,555‌

72,749‌

Freddie

Mac

REMICS

4994

GA

,

2.00%,

3/25/44

69,146‌

221,162‌

Freddie

Mac

REMICS

4998

A

,

2.00%,

5/25/46

196,685‌

314,921‌

Freddie

Mac

REMICS

5009

TA

,

1.00%,

9/25/50

239,281‌

37,108‌

Freddie

Mac

REMICS

5019

GH

,

2.00%,

6/25/42

35,331‌

15,851‌

Freddie

Mac

REMICS

5056

PB

,

0.75%,

12/25/50

12,087‌

36,712‌

Freddie

Mac

REMICS

5070

JP

,

2.00%,

1/25/51

29,597‌

145,026‌

Freddie

Mac

REMICS

5072

NJ

,

1.00%,

1/25/50

108,899‌

640,497‌

Freddie

Mac

REMICS

5100

PD

,

1.50%,

2/25/49

510,393‌

91,344‌

Freddie

Mac

REMICS

5131

TG

,

1.00%,

4/25/49

77,138‌

228,581‌

Freddie

Mac

REMICS

5199

BA

,

3.00%,

6/25/48

207,913‌

631,327‌

Freddie

Mac

REMICS

5419

CA

,

5.50%,

9/25/49

633,883‌

345,193‌

Freddie

Mac

REMICS

5522

DE

,

5.50%,

11/25/51

347,526‌

738,055‌

Freddie

Mac

REMICS

5604

EA

,

4.50%,

4/25/52

721,006‌

325,434‌

Freddie

Mac

Strips

452

AB

,

5.05%,

6/25/36

321,143‌

63,029‌

Freddie

Mac

Structured

Pass-Through

Certificates

,

4.80%,

7/25/44

(12MTA

+

140bps)

(b)

61,749‌

9,896‌

Freddie

Mac

Structured

Pass-Through

Certificates

,

4.60%,

10/25/44

(12MTA

+

120bps)

(b)

9,204‌

255,042‌

Ginnie

Mae

I

Pool

,

3.00%,

8/15/45

225,939‌

3,597‌

Ginnie

Mae

II

Pool

,

3.50%,

4/20/27

3,583‌

2,145‌

Ginnie

Mae

II

Pool

,

3.50%,

7/20/27

2,135‌

326,118‌

Ginnie

Mae

II

Pool

,

3.50%,

12/20/34

314,119‌

1,686‌

Ginnie

Mae

II

Pool

,

5.00%,

6/20/48

1,661‌

North

Square

McKee

Bond

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

P

r

i

nc

i

p

a

l

Amo

u

nt

($)

F

a

i

r

V

a

lu

e

MORTGAGE-BACKED

SECURITIES

—

30.3%

(Continued)

37,396‌

Ginnie

Mae

II

Pool

,

5.00%,

7/20/48

$

36,844‌

323,933‌

Ginnie

Mae

II

Pool

,

3.50%,

1/20/50

289,969‌

200,256‌

Ginnie

Mae

II

Pool

,

2.50%,

12/20/50

165,978‌

1,010,275‌

Ginnie

Mae

II

Pool

,

2.00%,

2/20/51

792,873‌

2,314,961‌

Ginnie

Mae

II

Pool

,

2.00%,

3/20/51

1,847,413‌

715,383‌

Ginnie

Mae

II

Pool

,

2.00%,

4/20/51

562,321‌

1,244,847‌

Ginnie

Mae

II

Pool

,

2.50%,

6/20/51

1,026,048‌

391,083‌

Ginnie

Mae

II

Pool

,

2.50%,

9/20/51

324,766‌

676,809‌

Ginnie

Mae

II

Pool

,

3.00%,

3/20/52

591,042‌

334,823‌

Ginnie

Mae

II

Pool

,

4.00%,

7/20/52

298,938‌

778,307‌

Ginnie

Mae

II

Pool

,

4.50%,

9/20/52

736,398‌

692,467‌

Ginnie

Mae

II

Pool

,

5.00%,

11/20/52

681,007‌

253,551‌

Ginnie

Mae

II

Pool

,

2.50%,

2/20/53

212,860‌

1,308,648‌

Ginnie

Mae

II

Pool

,

5.00%,

2/20/53

1,278,392‌

263,900‌

Ginnie

Mae

II

Pool

,

5.50%,

9/01/53

(b)

265,347‌

384,128‌

Ginnie

Mae

II

Pool

,

6.00%,

9/20/53

392,826‌

971,148‌

Ginnie

Mae

II

Pool

,

3.00%,

12/20/53

829,061‌

1,469,240‌

Ginnie

Mae

II

Pool

,

4.00%,

7/20/56

(H15T1Y

+

150bps)

(b)

1,420,811‌

791‌

Government

National

Mortgage

Association

2009-34

BH

,

4.00%,

5/20/39

764‌

43,213‌

Government

National

Mortgage

Association

2014-6

JA

,

2.75%,

6/20/42

42,258‌

423,959‌

Government

National

Mortgage

Association

2015-151

UB

,

2.00%,

3/20/45

384,852‌

1,506‌

Government

National

Mortgage

Association

2016-150

JG

,

2.50%,

10/20/45

1,497‌

109,688‌

Government

National

Mortgage

Association

2018-76

EB

,

2.50%,

9/20/46

105,507‌

258,014‌

Government

National

Mortgage

Association

2020-45

ME

,

2.00%,

3/20/50

212,408‌

1,268,285‌

Government

National

Mortgage

Association

2021-154

CE

,

1.75%,

9/20/51

1,090,530‌

110,021‌

Government

National

Mortgage

Association

2021-77

LA

,

1.00%,

8/20/50

82,787‌

147,052‌

Government

National

Mortgage

Association

2021-83

KB

,

1.25%,

5/20/51

112,139‌

1,030,302‌

Government

National

Mortgage

Association

2022-189

PT

,

2.50%,

10/20/51

847,871‌

7,440‌

Government

National

Mortgage

Association

2022-213

GP

,

5.00%,

8/20/47

7,426‌

453,003‌

Government

National

Mortgage

Association

2022-218

EV

,

5.50%,

11/20/33

453,921‌

19,534‌

Government

National

Mortgage

Association

2022-99

GQ

,

3.50%,

1/20/52

18,974‌

16,124‌

Government

National

Mortgage

Association

2023-120

AK

,

6.00%,

11/20/44

16,208‌

29,229‌

Government

National

Mortgage

Association

2023-150

HE

,

6.00%,

3/20/42

29,291‌

428,021‌

Government

National

Mortgage

Association

2024-1

DV

,

5.50%,

10/20/35

429,932‌

152,734‌

Government

National

Mortgage

Association

2024-20

PC

,

5.50%,

2/20/54

152,583‌

3,310‌

Government

National

Mortgage

Association

2024-20

VG

,

5.50%,

8/20/35

3,317‌

8,979‌

Government

National

Mortgage

Association

2024-43

HP

,

5.00%,

7/20/53

8,898‌

73,919‌

Government

National

Mortgage

Association

2024-65

NB

,

5.50%,

2/20/48

73,792‌

540,000‌

Government

National

Mortgage

Association

2024-8

JL

,

5.00%,

1/20/54

519,352‌

568,000‌

Morgan

Stanley

Capital

I

Trust

2016-UBS12

,

3.60%,

12/17/49

565,691‌

925,000‌

PSMC

2020-3

Trust

,

3.00%,

11/25/50

(a)(b)

768,025‌

58,959‌

Seasoned

Credit

Risk

Transfer

Trust

2012-2

MA

,

2.00%,

11/25/60

51,420‌

15,000‌

UBS

Commercial

Mortgage

Trust

2018-C8

A4

,

3.98%,

2/15/51

14,724‌

362,000‌

UBS

Commercial

Mortgage

Trust

2019-C17

A4

,

2.92%,

10/18/52

339,754‌

2,155,609‌

UMBS

Freddie

Mac

Pool

,

4.50%,

10/01/52

2,039,833‌

332,175‌

UMBS

Freddie

Mac

Pool

,

5.00%,

7/01/53

326,037‌

North

Square

McKee

Bond

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

P

r

i

nc

i

p

a

l

Amo

u

nt

($)

F

a

i

r

V

a

lu

e

MORTGAGE-BACKED

SECURITIES

—

30.3%

(Continued)

326,919‌

UMBS

Freddie

Mac

Pool

,

5.50%,

10/01/54

$

323,975‌

481,000‌

Wells

Fargo

Commercial

Mortgage

Trust

2017-RB1

,

3.64%,

3/15/50

475,610‌

TOTAL

MORTGAGE-BACKED

SECURITIES

(Cost $83,233,510)

80,632,992‌

NON

U.S.

GOVERNMENT

&

AGENCIES

—

1.4%

SUPRANATIONAL

—

1.4%

2,697,000‌

Inter-American

Development

Bank,

4.25%,

3/20/30

2,678,605‌

1,098,000‌

International

Bank

for

Reconstruction

&

Development,

1.62%,

3/11/30

985,472‌

3,664,077‌

TOTAL

NON

U.S.

GOVERNMENT

&

AGENCIES

(Cost $3,713,256)

3,664,077‌

U.S.

GOVERNMENT

&

AGENCIES

—

32.3%

U.S.

TREASURY

BONDS

—

11.0%

1,722,000‌

United

States

Treasury

Bond,

2.75

%

,

11/15/42

1,266,343‌

2,660,000‌

United

States

Treasury

Bond,

4.75

%

,

11/15/43

2,528,870‌

6,219,000‌

United

States

Treasury

Bond,

2.00

%

,

8/15/51

3,373,565‌

4,064,000‌

United

States

Treasury

Bond,

4.00

%

,

11/15/52

3,323,114‌

7,114,000‌

United

States

Treasury

Note/Bond,

3.13

%

,

8/15/44

5,372,182‌

2,900,000‌

United

States

Treasury

Note/Bond,

4.63

%

,

2/15/46

2,682,500‌

3,011,000‌

United

States

Treasury

Note/Bond,

5.00

%

,

5/15/46

2,922,787‌

6,251,000‌

United

States

Treasury

Note/Bond,

3.13

%

,

5/15/48

4,506,580‌

3,434,000‌

United

States

Treasury

Note/Bond,

5.00

%

,

5/15/56

3,305,493‌

U.S.

TREASURY

NOTES

—

21.3%

1,137,000‌

United

States

Treasury

Note,

2.38

%

,

5/15/29

1,079,151‌

5,142,000‌

United

States

Treasury

Note,

4.13

%

,

7/31/31

5,056,434‌

4,406,000‌

United

States

Treasury

Note,

3.63

%

,

2/15/53

3,364,652‌

4,675,000‌

United

States

Treasury

Note/Bond,

3.88

%

,

7/15/28

4,636,285‌

5,392,000‌

United

States

Treasury

Note/Bond,

3.50

%

,

11/15/28

5,294,902‌

2,702,000‌

United

States

Treasury

Note/Bond,

3.50

%

,

1/15/29

2,649,015‌

3,274,000‌

United

States

Treasury

Note/Bond,

4.13

%

,

7/15/29

3,249,573‌

3,552,000‌

United

States

Treasury

Note/Bond,

3.63

%

,

10/31/30

3,438,641‌

2,333,000‌

United

States

Treasury

Note/Bond,

3.63

%

,

12/31/30

2,255,173‌

2,351,000‌

United

States

Treasury

Note/Bond,

4.13

%

,

5/31/31

2,314,357‌

3,181,000‌

United

States

Treasury

Note/Bond,

4.13

%

,

6/30/31

3,130,551‌

3,671,000‌

United

States

Treasury

Note/Bond,

4.38

%

,

7/31/31

3,651,211‌

686,000‌

United

States

Treasury

Note/Bond,

3.75

%

,

10/31/32

655,907‌

1,638,000‌

United

States

Treasury

Note/Bond,

3.75

%

,

2/28/33

1,561,795‌

1,314,000‌

United

States

Treasury

Note/Bond,

4.25

%

,

3/31/33

1,288,695‌

3,643,000‌

United

States

Treasury

Note/Bond,

4.25

%

,

5/31/33

3,569,002‌

672,000‌

United

States

Treasury

Note/Bond,

4.25

%

,

6/30/33

658,245‌

2,211,000‌

United

States

Treasury

Note/Bond,

4.38

%

,

7/31/33

2,178,526‌

2,302,000‌

United

States

Treasury

Note/Bond,

4.25

%

,

5/15/35

2,226,555‌

1,867,000‌

United

States

Treasury

Note/Bond,

4.38

%

,

5/15/36

1,812,449‌

2,687,000‌

United

States

Treasury

Note/Bond,

4.63

%

,

8/15/36

2,661,180‌

TOTAL

U.S.

GOVERNMENT

&

AGENCIES

(Cost $88,000,120)

86,013,733‌

North

Square

McKee

Bond

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

Sh

ar

e

s

F

a

i

r

V

a

lu

e

CERTIFICATE

OF

DEPOSIT

—

1.0%

BANKING

—

1.0%

2,750,000

JPMorgan

Chase

Bank

NA,

5.00%,

5/22/31

$

2,760,829‌

TOTAL

CERTIFICATE

OF

DEPOSIT

(Cost $2,750,000)

2,760,829‌

SHORT-TERM

INVESTMENTS

—

1.4%

3,791,964‌

First

American

Treasury

Obligations

Fund,

Class

X,

3.60%

(c)

3,791,964‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$3,791,964)

3,791,964‌

TOTAL

INVESTMENTS

—

100.6%

(Cost

$274,714,765)

$

268,136,602‌

Liabilities

in

Excess

of

Other

Assets —

(0.6)%

(1,637,352)

NET

ASSETS

—

100.0%

$

266,499,250‌

(a)

Security

exempt

from

registration

under

Rule

144A

or

Section

4(2)

of

the

Securities

Act

of

1933.

The

security

may

be

resold

in

transactions

exempt

from

registration,

normally

to

qualified

institutional

buyers.

As

of

August

31,

2026

the

total

market

value

of

144A

securities

is

$4,988,835

or

1.9%

of

net

assets.

(b)

Variable

rate

security.

Interest

rate

resets

periodically.

The

rate

shown

is

the

effective

interest

rate

as

of

August

31,

2026.

For

securities

based

on

a

published

reference

rate

and

spread,

the

reference

rate

and

spread

(in

basis

points)

are

indicated

parenthetically.

Certain

variable

rate

securities

are

not

based

on

a

published

reference

rate

and

spread

but

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.

These

securities,

therefore,

do

not

indicate

a

reference

rate

and

spread.

(c)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

August

31,

2026.

REMIC

-

Real

Estate

Mortgage

Investment

Conduit

SOFR

-

Secured

Overnight

Financing

Rate

North

Square

Strategic

Income

Fund

Schedule

of

Investments

August

31,

2026

(Unaudited)

Sh

ar

e

s

F

a

i

r

V

a

lu

e

COMMON

STOCKS

—

3.5%

ENERGY

—

2.2%

OIL

&

GAS

PRODUCERS

—

1.4%

16,613

Chevron

Corp.

$

3,424,604‌

26,981

ConocoPhillips

3,574,713‌

20,898

ExxonMobil

Holdings

Corp.

3,363,533‌

14,972

Phillips

66

3,691,796‌

10,094

Valero

Energy

Corp.

3,622,938‌

17,677,584‌

OIL

&

GAS

SERVICES

&

EQUIPMENT

—

0.8%

95,659

Halliburton

Co.

3,525,034‌

68,412

SLB

Ltd.

4,111,561‌

606,209

Transocean

Ltd.

(a)

3,522,074‌

11,158,669‌

TOTAL ENERGY

28,836,253‌

MATERIALS

—

1.3%

METALS

&

MINING

—

1.3%

22,413

Agnico

Eagle

Mines

Ltd.

4,552,304‌

107,068

Alamos

Gold,

Inc.,

Class

A

3,919,760‌

37,839

BHP

Group

Ltd.

-

ADR

3,553,839‌

135,307

Kinross

Gold

Corp.

4,151,219‌

16,177,122‌

TOTAL MATERIALS

16,177,122‌

TOTAL

COMMON

STOCKS

(Cost $41,539,940)

45,013,375‌

EXCHANGE-TRADED

FUNDS

—

0.6%

276,501

North

Square

RCIM

Tax-Advantaged

Preferred

&

Income

Securities

ETF

(b)

7,005,153‌

TOTAL

EXCHANGE-TRADED

FUNDS

(Cost $7,008,814)

7,005,153‌

P

r

i

nc

i

p

a

l

Amo

u

nt

($)

ASSET

BACKED

SECURITIES

—

11.5%

390,758

Aegis

Asset

Backed

Securities

Trust

2005-2,

4.26%,

6/25/35

(TSFR1M

+

83bps)

(c)

381,931‌

10,425,000

Applebee's

Funding

LLC

/

IHOP

Funding

LLC

2025-1A

A2,

6.72%,

6/07/55

(d)

10,405,026‌

5,325,000

Canon

Music

Issuer

Trust,

5.52%,

5/01/76

(d)

5,286,275‌

10,553,000

CFCRE

Commercial

Mortgage

Trust

2016-C3,

2.80%,

1/10/48

(d)

9,550,365‌

26,130,000

Citigroup

Commercial

Mortgage

Trust

2015-101A,

1.10%,

1/14/43

(c)(d)

1,821,888‌

3,550,000

Citigroup

Commercial

Mortgage

Trust

2015-GC27,

3.00%,

2/01/48

(d)

3,367,078‌

72,000,000

Citigroup

Commercial

Mortgage

Trust

2020-555

X,

0.74%,

12/10/29

(c)(d)

1,587,240‌

5,697,174

COMM

2010-C1

Mortgage

Trust,

5.79%,

7/10/46

(c)(d)

5,641,006‌

350,000

COMM

2013-CCRE7

Mortgage

Trust,

4.25%,

3/10/46

(c)(d)

332,932‌

5,686,000

Credit

Suisse

Mortgage

Trust

2021-Gate

C,

6.46%,

12/15/36

(c)(d)

5,652,118‌

374,842

FBR

Securitization

Trust

2005-5

M2,

4.49%,

11/26/35

(TSFR1M

+

82bps)

(c)

369,989‌

151,282,017

FREMF

2016-K59

Mortgage

Trust,

0.10%,

11/25/49

(d)

1,513‌

North

Square

Strategic

Income

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

P

r

i

nc

i

p

a

l

Amo

u

nt

($)

F

a

i

r

V

a

lu

e

ASSET

BACKED

SECURITIES

—

11.5%

(Continued)

1,239,562,196

FREMF

2021-K128

Mortgage

Trust,

0.10%,

4/25/54

(c)(d)

$

4,449,037‌

7,358,089

GS

Mortgage

Securities

Corp.

Trust

2012-BWTR,

2.95%,

11/05/34

(d)

6,861,986‌

1,637,537

GS

Mortgage

Securities

Corp.

Trust

2015-GC32,

4.21%,

7/10/48

(c)(d)

1,593,573‌

8,016,000

HI-FI

Music

IP

Issuer

LP

2022-1A

A2,

3.94%,

2/01/62

(d)

7,982,005‌

3,135,484

HomeBanc

Mortgage

Trust

2005-3

M4,

4.79%,

7/25/35

(c)

3,139,880‌

42,991

HSI

Asset

Securitization

Corp.

Trust

2006-OPT3,

4.05%,

2/25/36

(TSFR1M

+

65bps)

(c)

42,805‌

707,421

Impac

CMB

Trust

Series

2005-4,

4.43%,

5/25/35

(TSFR1M

+

54bps)

(c)

683,760‌

177,861

JPMorgan

Mortgage

Acquisition

Trust

2007-CH3,

4.04%,

3/25/37

(TSFR1M

+

37bps)

(c)

177,113‌

3,580,000

Kapitus

Asset

Securitization,

LLC

2024-1A,

5.49%,

9/10/31

(d)

3,592,029‌

496,438

Long

Beach

Mortgage

Loan

Trust

2005-1,

5.06%,

2/25/35

(TSFR1M

+

139bps)

(c)

487,193‌

4,630,622

Lyra

Music

Assets

Delaware

LP

2025-1A

A2,

5.60%,

9/20/65

(d)

4,643,588‌

3,346,364

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

2012-C5

E,

4.67%,

8/15/45

(c)(d)

3,331,825‌

6,217,000

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

2012-C5

F,

4.50%,

8/15/45

(d)

6,157,258‌

1,949,251

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

2013-C7

C,

4.27%,

2/15/46

(c)

1,828,709‌

2,227,484

Morgan

Stanley

Bank

of

America

Merrill

Lynch

Trust

2015-C26

D,

3.06%,

10/01/48

(d)

2,139,557‌

302,229

Morgan

Stanley

Capital

I

Trust

2011-C2,

5.21%,

6/15/44

(c)(d)

300,082‌

2,500,000

Morgan

Stanley

Capital

I

Trust

2011-C2,

5.21%,

6/15/44

(c)(d)

2,432,759‌

9,475,000

Morgan

Stanley

Capital

I

Trust

2014-150E,

3.91%,

9/09/32

(d)

8,989,962‌

12,199,582

MSBAM

Commercial

Mortgage

Securities

Trust

2012-CKSV

A2,

3.28%,

10/15/30

(d)

12,051,662‌

8,350,000

Olympic

Tower

2017-OT

Mortgage

Trust,

3.57%,

5/01/39

(d)

8,022,789‌

13,556,025

Planet

Fitness

Master

Issuer

LLC

2025-1A

A2I,

5.27%,

12/06/55

(d)

13,354,295‌

110,423

Renaissance

Home

Equity

Loan

Trust

2005-3,

5.14%,

11/25/35

110,283‌

251,000,000

RIDE

2025-SHRE,

0.28%,

2/14/47

(c)(d)

1,988,071‌

9,855,000

Zayo

Issuer

LLC

2025-3A

A2,

5.57%,

10/20/55

(d)

9,691,584‌

TOTAL

ASSET

BACKED

SECURITIES

(Cost $148,859,819)

148,449,166‌

North

Square

Strategic

Income

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

P

r

i

nc

i

p

a

l

Amo

u

nt

($)

F

a

i

r

V

a

lu

e

CORPORATE

BONDS

—

37.6%

COMMUNICATIONS

—

4.8%

ENTERTAINMENT

CONTENT

—

0.9%

5,600,000

Fox

Corp.,

6.50%,

10/13/33

$

5,901,088‌

6,900,000

Paramount

Global,

6.25%,

2/28/57

(c)

5,361,970‌

11,263,058‌

TELECOMMUNICATIONS

—

3.9%

9,000,000

Bell

Canada,

7.00%,

9/15/55

(H15T5Y

+

236bps)

(c)

9,097,524‌

8,775,000

Rogers

Communications,

Inc.,

7.13%,

4/15/55

(H15T5Y

+

262bps)

(c)

8,838,582‌

5,700,000

TELUS

Corp.,

6.63%,

10/15/55

(c)

5,659,325‌

4,000,000

TELUS

Corp.,

7.00%,

10/15/55

(c)

3,970,889‌

6,300,000

T-Mobile

USA,

Inc.,

4.95%,

11/15/35

5,994,811‌

7,000,000

Verizon

Communications,

Inc.,

6.75%,

2/15/57

(H15T5Y

+

230bps)

(c)

6,983,341‌

10,000,000

Verizon

Communications,

Inc.,

6.05%,

5/14/58

(H15T5Y

+

181bps)

(c)

9,767,119‌

50,311,591‌

TOTAL COMMUNICATIONS

61,574,649‌

CONSUMER

DISCRETIONARY

—

1.2%

AUTOMOTIVE

—

0.7%

9,416,000

General

Motors

Financial

Co.,

Inc.,

5.75%,

3/30/66

(c)(e)

9,377,591‌

LEISURE

PRODUCTS

—

0.5%

5,900,000

Hasbro,

Inc.,

6.05%,

5/14/34

6,076,042‌

TOTAL CONSUMER

DISCRETIONARY

15,453,633‌

CONSUMER

STAPLES

—

0.5%

TOBACCO

&

CANNABIS

—

0.5%

6,000,000

Altria

Group,

Inc.,

5.63%,

2/06/35

6,038,376‌

TOTAL CONSUMER

STAPLES

6,038,376‌

ENERGY

—

6.4%

OIL

&

GAS

PRODUCERS

—

6.4%

6,150,000

Cenovus

Energy,

Inc.,

5.40%,

3/20/36

5,987,475‌

8,050,000

Enbridge,

Inc.,

7.20%,

6/27/54

(H15T5Y

+

297bps)

(c)

8,435,716‌

6,000,000

Enbridge,

Inc.,

7.63%,

1/15/83

(H15T5Y

+

517bps)

(c)

6,459,036‌

5,000,000

Energy

Transfer

LP,

6.70%,

1/15/57

(H15T5Y

+

222bps)

(c)

4,959,602‌

9,500,000

Energy

Transfer

LP,

6.63%,

2/15/72

(SOFR

+

416bps)

(c)(e)

9,563,878‌

6,000,000

HF

Sinclair

Corp.,

5.50%,

9/01/32

5,989,101‌

2,000,000

Phillips

66

Co.,

5.88%,

3/15/56

(H15T5Y

+

228bps)

(c)

1,976,314‌

10,000,000

Phillips

66

Co.,

6.20%,

3/15/56

(H15T5Y

+

217bps)

(c)

9,882,643‌

9,000,000

South

Bow

Canadian

Infrastructure

Holdings

Ltd.,

7.50%,

3/01/55

(c)

9,448,731‌

8,000,000

Transcanada

Trust,

5.50%,

9/15/79

(c)

7,906,769‌

12,350,000

Venture

Global

LNG,

Inc.,

9.00%,

12/31/99

(c)(d)(e)

12,524,831‌

83,134,096‌

TOTAL ENERGY

83,134,096‌

North

Square

Strategic

Income

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

P

r

i

nc

i

p

a

l

Amo

u

nt

($)

F

a

i

r

V

a

lu

e

CORPORATE

BONDS

—

37.6%

(Continued)

FINANCIALS

—

10.6%

ASSET

MANAGEMENT

—

1.7%

14,055,000

Charles

Schwab

Corp.

(The),

4.00%,

12/31/49

(H15T10Y

+

308bps)

(c)(e)

$

13,088,282‌

5,000,000

UBS

Group

AG,

6.88%,

12/31/99

(USISSO5

+

309bps)

(c)(d)(e)

4,996,640‌

4,000,000

UBS

Group

AG,

4.38%,

8/10/71

(c)(e)

3,649,696‌

21,734,618‌

BANKING

—

8.2%

12,000,000

Bank

of

America

Corp.,

Series

FF,

5.88%,

3/15/49

(e)

12,005,170‌

5,000,000

BNP

Paribas

SA,

6.88%,

12/15/99

(c)(d)(e)

4,911,482‌

7,500,000

Citigroup,

Inc.,

6.95%,

2/15/80

(H15T5Y

+

273bps)

(c)(e)

7,593,450‌

7,000,000

Citigroup,

Inc.,

6.63%,

5/15/99

(e)

7,103,446‌

7,750,000

Citizens

Financial

Group,

Inc.,

4.00%,

10/06/71

(c)(e)

7,729,102‌

2,500,000

HSBC

Holdings

PLC,

6.75%,

11/18/80

(c)(e)

2,481,886‌

10,800,000

HSBC

Holdings

PLC,

4.60%,

12/31/99

(H15T5Y

+

365bps)

(c)(e)

10,077,884‌

6,000,000

Huntington

Bancshares,

Inc.,

6.25%,

10/15/80

(H15T5Y

+

265bps)

(c)(e)

6,047,607‌

11,000,000

JPMorgan

Chase

&

Co.,

6.50%,

4/01/80

(H15T5Y

+

215bps)

(c)(e)

11,182,820‌

11,800,000

Nordea

Bank

Abp

,

6.75%,

11/10/88

(H15T5Y

+

272bps)

(c)(d)(e)

11,832,662‌

5,000,000

Royal

Bank

of

Canada,

6.50%,

11/24/85

4,829,930‌

7,800,000

Svenska

Handelsbanken

AB,

4.75%,

3/01/71

(c)(e)

7,419,366‌

12,000,000

Wells

Fargo

&

Co.,

6.13%,

6/15/80

(c)(e)

11,898,744‌

105,113,549‌

INSTITUTIONAL

FINANCIAL

SERVICES

—

0.1%

2,000,000

Goldman

Sachs

Group,

Inc.

(The),

6.50%,

8/10/81

(H15T5Y

+

218bps)

(c)(e)

1,991,469‌

SPECIALTY

FINANCE

—

0.6%

7,189,000

Capital

One

Financial

Corp.,

3.95%,

12/01/70

(c)(e)

7,189,000‌

TOTAL FINANCIALS

136,028,636‌

HEALTH

CARE

—

1.1%

BIOTECH

&

PHARMA

—

0.5%

6,100,000

Royalty

Pharma

PLC,

5.40%,

9/02/34

6,046,371‌

HEALTH

CARE

FACILITIES

&

SERVICES

—

0.6%

6,000,000

CVS

Health

Corp.,

6.75%,

12/10/54

(H15T5Y

+

252bps)

(c)

6,157,986‌

1,800,000

Humana,

Inc.,

6.63%,

9/15/56

(c)

1,785,541‌

7,943,527‌

TOTAL HEALTH

CARE

13,989,898‌

MATERIALS

—

0.8%

CHEMICALS

—

0.4%

6,750,000

FMC

Corp.,

8.45%,

11/01/55

(c)

4,992,850‌

METALS

&

MINING

—

0.4%

5,700,000

Vale

Overseas

Ltd.,

6.13%,

6/12/33

5,886,789‌

TOTAL MATERIALS

10,879,639‌

North

Square

Strategic

Income

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

P

r

i

nc

i

p

a

l

Amo

u

nt

($)

F

a

i

r

V

a

lu

e

CORPORATE

BONDS

—

37.6%

(Continued)

TECHNOLOGY

—

0.5%

TECHNOLOGY

HARDWARE

—

0.5%

6,000,000

NetApp,

Inc.,

5.50%,

3/17/32

$

6,031,870‌

TOTAL TECHNOLOGY

6,031,870‌

UTILITIES

—

11.7%

ELECTRIC

UTILITIES

—

10.4%

5,467,000

Algonquin

Power

&

Utilities

Corp.,

4.75%,

1/18/82

(c)

5,433,961‌

5,000,000

Alliant

Energy

Corp.,

3.25%,

5/30/28

5,168,750‌

4,782,000

American

Electric

Power

Co.,

Inc.,

6.95%,

12/15/54

(H15T5Y

+

268bps)

(c)

5,024,992‌

3,500,000

American

Electric

Power

Co.,

Inc.,

6.05%,

3/15/56

(H15T5Y

+

194bps)

(c)

3,406,359‌

9,725,000

CenterPoint

Energy,

Inc.,

3.00%,

8/01/28

9,887,894‌

3,000,000

CenterPoint

Energy,

Inc.,

6.85%,

2/15/55

(H15T5Y

+

295bps)

(c)

3,115,662‌

5,000,000

CenterPoint

Energy,

Inc.,

6.40%,

8/15/58

(c)

5,023,632‌

5,000,000

CMS

Energy

Corp.,

3.13%,

5/01/31

(d)

4,875,000‌

11,000,000

Dominion

Energy,

Inc.,

6.20%,

2/15/56

(H15T10Y

+

201bps)

(c)

10,790,580‌

4,000,000

DTE

Energy

Co.,

6.20%,

7/01/58

(H15T5Y

+

181bps)

(c)

3,985,878‌

4,500,000

Duke

Energy

Corp.,

6.45%,

9/01/54

(H15T5Y

+

259bps)

(c)

4,605,345‌

6,500,000

Emera

US

Finance

LLC,

6.85%,

10/01/56

(H15T5Y

+

265bps)

(c)

6,524,531‌

5,000,000

Eversource

Energy,

6.35%,

8/15/56

(H15T5Y

+

233bps)

(c)

4,988,912‌

5,500,000

Exelon

Corp.,

3.25%,

3/15/29

(d)

5,451,875‌

9,700,000

Exelon

Corp.,

6.50%,

3/15/55

(H15T5Y

+

198bps)

(c)

9,781,752‌

6,000,000

NextEra

Energy

Capital

Holdings,

Inc.,

6.38%,

8/15/55

(c)

6,036,528‌

7,500,000

NextEra

Energy

Capital

Holdings,

Inc.,

6.50%,

8/15/55

(H15T5Y

+

198bps)

(c)

7,542,832‌

7,000,000

NiSource,

Inc.,

6.38%,

3/31/55

(H15T5Y

+

253bps)

(c)

7,059,570‌

4,925,000

Southern

Co.

(The),

3.25%,

6/15/28

4,868,362‌

5,040,000

Vistra

Corp.,

8.88%,

12/31/49

(H15T5Y

+

505bps)

(c)(d)(e)

5,374,787‌

5,500,000

WEC

Energy

Group,

Inc.,

3.38%,

6/01/28

5,542,625‌

10,000,000

Xcel

Energy,

Inc.,

5.75%,

12/03/56

(c)

9,706,044‌

134,195,871‌

GAS

&

WATER

UTILITIES

—

1.3%

8,550,000

AltaGas

Ltd.,

7.20%,

10/15/54

(H15T5Y

+

357bps)

(c)(d)

8,848,780‌

5,000,000

NiSource,

Inc.,

5.75%,

7/15/56

(c)

4,927,089‌

3,000,000

Southern

Company

Gas

Capital

Corp.,

6.05%,

9/15/56

(c)

2,981,980‌

16,757,849‌

TOTAL UTILITIES

150,953,720‌

TOTAL

CORPORATE

BONDS

(Cost $489,711,850)

484,084,517‌

MORTGAGE-BACKED

SECURITIES

—

34.0%

4,575,021‌

Fannie

Mae

Pool

,

3.50%,

10/01/51

4,065,322‌

7,993,253‌

Fannie

Mae

Pool

,

2.50%,

12/01/51

6,556,487‌

15,454,856‌

Fannie

Mae

Pool

,

3.00%,

12/01/51

13,200,296‌

12,903,096‌

Fannie

Mae

Pool

,

3.00%,

4/01/52

11,023,694‌

5,082,358‌

Fannie

Mae

Pool

,

3.50%,

4/01/52

4,545,895‌

2,158,365‌

Fannie

Mae

Pool

,

2.50%,

5/01/52

1,787,454‌

7,679,575‌

Fannie

Mae

Pool

,

3.00%,

5/01/52

6,586,535‌

North

Square

Strategic

Income

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

P

r

i

nc

i

p

a

l

Amo

u

nt

($)

F

a

i

r

V

a

lu

e

MORTGAGE-BACKED

SECURITIES

—

34.0%

(Continued)

11,118,037‌

Fannie

Mae

Pool

,

3.50%,

5/01/52

$

9,931,779‌

12,080,916‌

Fannie

Mae

Pool

,

4.00%,

5/01/52

11,068,599‌

3,528,691‌

Fannie

Mae

Pool

,

4.20%,

5/01/52

3,114,643‌

8,199,083‌

Fannie

Mae

Pool

,

2.50%,

6/01/52

6,737,224‌

1,707,953‌

Fannie

Mae

Pool

,

3.00%,

7/01/52

1,466,488‌

11,057,658‌

Fannie

Mae

Pool

,

4.00%,

7/01/52

10,167,934‌

1,892,777‌

Fannie

Mae

Pool

,

5.00%,

7/01/52

1,844,055‌

6,723,622‌

Fannie

Mae

Pool

,

3.50%,

9/01/52

5,974,338‌

3,872,426‌

Fannie

Mae

Pool

,

4.50%,

11/01/52

3,663,807‌

14,994,686‌

Fannie

Mae

Pool

,

4.00%,

3/01/53

13,765,024‌

1,737,841‌

Fannie

Mae

Pool

,

5.00%,

3/01/53

1,691,364‌

5,397,757‌

Fannie

Mae

Pool

,

4.50%,

6/01/53

5,107,853‌

2,532,562‌

Fannie

Mae

Pool

,

5.00%,

6/01/53

2,464,748‌

3,311,253‌

Fannie

Mae

Pool

,

4.50%,

7/01/53

3,139,571‌

2,373,439‌

Fannie

Mae

Pool

,

6.00%,

10/01/53

2,401,716‌

589,581‌

Fannie

Mae

Pool

,

6.00%,

10/01/53

601,799‌

10,135,856‌

Fannie

Mae

Pool

,

4.00%,

11/01/53

9,301,785‌

5,980,000‌

Fannie

Mae

Pool

,

6.00%,

1/01/54

6,051,411‌

9,677,129‌

Fannie

Mae

Pool

,

5.50%,

5/01/54

9,610,908‌

4,150,165‌

Fannie

Mae

Pool

,

4.50%,

8/01/54

3,936,193‌

772,765‌

Fannie

Mae

Pool

,

6.00%,

11/01/54

785,518‌

12,574,440‌

Fannie

Mae

Pool

,

4.00%,

1/01/55

11,488,384‌

4,496,862‌

Fannie

Mae

Pool

,

5.00%,

6/01/55

4,365,302‌

6,560,102‌

Fannie

Mae

Pool

,

5.00%,

6/01/55

6,335,315‌

2,621,940‌

Fannie

Mae-Aces

2019-M24

XA

,

1.24%,

3/26/29

(c)

57,574‌

3,470,843‌

Fannie

Mae-Aces

2020-M10

X6

,

1.38%,

8/25/28

(c)

69,930‌

207,151‌

Fannie

Mae-Aces

2020-M39

1A1

,

0.75%,

9/25/28

203,966‌

39,657,434‌

Fannie

Mae-Aces

2025-M4

X

,

0.53%,

8/01/35

(c)

1,555,408‌

62,302,051‌

Fannie

Mae-Aces

2025-M6

X

,

0.66%,

10/25/35

(c)

2,966,126‌

15,695,757‌

FHLMC

Multifamily

Structured

Pass-Through

Certificates

2021-RR19

X

,

2.02%,

4/27/29

(c)

495,732‌

30,000,000‌

FHLMC

Multifamily

Structured

Pass-Through

Certificates

K064

XAM

,

0.48%,

3/25/27

(c)

79,179‌

30,893,000‌

FHLMC

Multifamily

Structured

Pass-Through

Certificates

K067

XAM

,

0.47%,

8/25/27

(c)

125,972‌

7,570,000‌

FHLMC

Multifamily

Structured

Pass-Through

Certificates

K109

XAM

,

1.80%,

4/25/30

(c)

441,211‌

7,249,000‌

FHLMC

Multifamily

Structured

Pass-Through

Certificates

K110

XAM

,

1.84%,

4/25/30

(c)

428,955‌

1,835,000‌

FHLMC

Multifamily

Structured

Pass-Through

Certificates

K111

X3

,

3.18%,

4/25/48

(c)

192,567‌

3,332,000‌

FHLMC

Multifamily

Structured

Pass-Through

Certificates

K116

XAM

,

1.60%,

8/25/30

(c)

184,304‌

2,750,000‌

FHLMC

Multifamily

Structured

Pass-Through

Certificates

K122

X3

,

2.63%,

1/25/49

(c)

254,075‌

North

Square

Strategic

Income

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

P

r

i

nc

i

p

a

l

Amo

u

nt

($)

F

a

i

r

V

a

lu

e

MORTGAGE-BACKED

SECURITIES

—

34.0%

(Continued)

1,715,000‌

FHLMC

Multifamily

Structured

Pass-Through

Certificates

K124

X3

,

2.62%,

2/25/49

(c)

$

166,509‌

32,561,343‌

FHLMC

Multifamily

Structured

Pass-Through

Certificates

K738

X1

,

1.47%,

1/25/27

(c)

68,704‌

214,365‌

FHLMC

Multifamily

Structured

Pass-Through

Certificates

KJ37

A1

,

1.68%,

12/25/27

209,023‌

19,749,108‌

FHLMC

Multifamily

Structured

Pass-Through

Certificates

Q002

XA

,

0.90%,

7/25/33

(c)

544,963‌

281,107,537‌

Freddie

Mac

Multifamily

Structured

Pass-Through

Certificates

K072

X1

,

0.36%,

12/25/27

(c)

1,135,337‌

3,455,000‌

Freddie

Mac

Multifamily

Structured

Pass-Through

Certificates

K-119

X3

,

2.73%,

10/25/30

(c)

330,494‌

119,886,932‌

Freddie

Mac

Multifamily

Structured

Pass-Through

Certificates

K507

X1

,

0.09%,

9/25/28

(c)

302,355‌

132,751,826‌

Freddie

Mac

Multifamily

Structured

Pass-Through

Certificates

K513

X1

,

0.69%,

12/25/28

(c)

1,972,121‌

49,208,000‌

Freddie

Mac

Multifamily

Structured

Pass-Through

Certificates

K755

XAM

,

0.36%,

2/25/31

(c)

853,719‌

23,350,000‌

Freddie

Mac

Multifamily

Structured

Pass-Through

Certificates

KG04

X3

,

2.63%,

11/25/30

(c)

2,133,359‌

63,459,114‌

Freddie

Mac

Multifamily

Structured

Pass-Through

Certificates

KG06

X1

,

0.53%,

10/25/31

(c)

1,396,520‌

12,044,000‌

Freddie

Mac

Multifamily

Structured

Pass-Through

Certificates

KS16

X

,

1.18%,

1/25/32

(c)

548,981‌

3,829,985‌

Freddie

Mac

Pool

,

4.00%,

5/01/52

3,508,980‌

6,868,913‌

Freddie

Mac

Pool

,

3.50%,

6/01/52

6,115,528‌

12,098,409‌

Freddie

Mac

Pool

,

3.50%,

7/01/52

10,748,067‌

14,148,210‌

Freddie

Mac

Pool

,

3.50%,

9/01/52

12,571,540‌

9,667,806‌

Freddie

Mac

Pool

,

3.50%,

9/01/52

8,664,914‌

7,254,129‌

Freddie

Mac

Pool

,

4.00%,

9/01/52

6,659,902‌

1,601,281‌

Freddie

Mac

Pool

,

4.50%,

2/01/53

1,512,295‌

2,436,345‌

Freddie

Mac

Pool

,

5.00%,

6/01/53

2,364,965‌

2,093,631‌

Freddie

Mac

Pool

,

5.50%,

6/01/53

2,080,322‌

1,352,745‌

Freddie

Mac

Pool

,

5.50%,

6/01/53

1,347,186‌

2,328,209‌

Freddie

Mac

Pool

,

6.00%,

11/01/53

2,374,633‌

1,483,864‌

Freddie

Mac

Pool

,

6.00%,

12/01/53

1,508,930‌

3,172,661‌

Freddie

Mac

Pool

,

6.50%,

12/01/53

3,282,587‌

5,887,540‌

Freddie

Mac

Pool

,

5.50%,

9/01/54

5,858,541‌

8,196,427‌

Freddie

Mac

Pool

,

5.00%,

11/01/54

7,943,956‌

6,744,830‌

Freddie

Mac

Pool

,

5.00%,

11/01/54

6,541,197‌

3,537,584‌

Freddie

Mac

Pool

,

5.00%,

12/01/54

3,445,335‌

1,436,539‌

Freddie

Mac

Pool

,

6.00%,

12/01/54

1,459,045‌

3,722,557‌

Freddie

Mac

Pool

,

6.00%,

7/01/55

3,766,907‌

9,276,680‌

Freddie

Mac

Pool

,

4.50%,

9/01/55

8,793,963‌

16,595,133‌

Freddie

Mac

Pool

,

5.00%,

3/01/56

16,073,576‌

16,897,205‌

Freddie

Mac

Pool

,

5.00%,

4/01/56

16,333,638‌

North

Square

Strategic

Income

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

P

r

i

nc

i

p

a

l

Amo

u

nt

($)

F

a

i

r

V

a

lu

e

MORTGAGE-BACKED

SECURITIES

—

34.0%

(Continued)

12,115,885‌

Freddie

Mac

Pool

,

5.00%,

5/01/56

$

11,707,856‌

7,690,000‌

Freddie

Mac

Structured

Pass-Through

Certificates

2020-RR02

AX

,

1.83%,

10/27/28

(c)

209,289‌

125,870,000‌

Freddie

Mac

Structured

Pass-Through

Certificates

KG08

X1

,

0.00%,

5/25/33

(c)

512,492‌

6,682,281‌

Ginnie

Mae

II

Pool

,

2.50%,

12/01/51

5,595,018‌

1,877,478‌

Ginnie

Mae

II

Pool

,

2.00%,

7/20/52

1,509,285‌

1,506,166‌

Ginnie

Mae

II

Pool

,

3.00%,

8/20/52

1,315,380‌

2,009,601‌

Ginnie

Mae

II

Pool

,

3.00%,

9/20/52

1,754,023‌

4,875,988‌

Ginnie

Mae

II

Pool

,

2.50%,

2/20/53

4,093,463‌

4,212,642‌

Ginnie

Mae

II

Pool

,

3.50%,

2/20/53

3,760,818‌

2,788,780‌

Ginnie

Mae

II

Pool

,

2.50%,

3/20/53

2,335,185‌

1,751,913‌

Ginnie

Mae

II

Pool

,

2.50%,

4/20/53

1,470,218‌

4,062,677‌

Ginnie

Mae

II

Pool

,

3.00%,

3/20/54

3,556,508‌

1,187,567‌

Government

National

Mortgage

Association

2017-76

,

0.74%,

12/16/56

(c)

52,663‌

35,648,598‌

Government

National

Mortgage

Association

2018-170

,

1.10%,

11/16/60

(c)

3,231,171‌

50,952,950‌

Government

National

Mortgage

Association

2020-121

,

0.88%,

8/16/60

(c)

3,123,788‌

21,695,457‌

Government

National

Mortgage

Association

2020-155

,

1.27%,

9/16/60

(c)

1,864,800‌

31,987,224‌

Government

National

Mortgage

Association

2020-177

,

0.81%,

6/16/62

(c)

1,900,914‌

47,116,442‌

Government

National

Mortgage

Association

2020-179

,

1.01%,

9/16/62

(c)

3,262,738‌

38,696,681‌

Government

National

Mortgage

Association

2020-41

,

0.99%,

1/16/62

(c)

2,714,038‌

51,871,788‌

Government

National

Mortgage

Association

2021-10

,

1.00%,

5/16/63

(c)

3,976,958‌

42,081,983‌

Government

National

Mortgage

Association

2021-150

,

1.04%,

11/16/63

(c)

3,259,923‌

49,293,820‌

Government

National

Mortgage

Association

2021-157

,

0.88%,

9/16/63

(c)

2,950,698‌

32,634,257‌

Government

National

Mortgage

Association

2021-17

,

1.05%,

1/01/61

(c)

2,519,270‌

41,806,643‌

Government

National

Mortgage

Association

2021-170

,

0.99%,

5/16/63

(c)

2,980,103‌

69,074,847‌

Government

National

Mortgage

Association

2021-198

,

0.81%,

11/16/61

(c)

3,838,593‌

10,260,913‌

Government

National

Mortgage

Association

2021-22

,

0.98%,

5/16/63

(c)

719,707‌

36,166,407‌

Government

National

Mortgage

Association

2021-51

,

1.02%,

10/16/62

(c)

2,528,137‌

29,936,829‌

Government

National

Mortgage

Association

2022-2

,

0.82%,

4/16/62

(c)

1,536,517‌

67,928,057‌

Government

National

Mortgage

Association

2022-4

,

0.86%,

3/16/64

(c)

4,413,150‌

13,992,242‌

Government

National

Mortgage

Association

2024-178

,

0.68%,

7/16/66

(c)

816,040‌

136,557,249‌

Government

National

Mortgage

Association

2024-47

,

0.75%,

6/16/64

(c)

7,030,145‌

48,312,833‌

Government

National

Mortgage

Association

2025-109

,

0.60%,

5/16/67

(c)

2,721,085‌

43,449,166‌

Government

National

Mortgage

Association

2025-31

,

0.58%,

8/16/67

(c)

2,645,668‌

108,662,744‌

Government

National

Mortgage

Association

2025-53

,

0.51%,

10/16/66

(c)

5,599,141‌

28,232,439‌

Government

National

Mortgage

Association

2025-74

,

0.69%,

2/16/67

(c)

1,462,844‌

29,857,779‌

Government

National

Mortgage

Association

2026-57

,

0.52%,

3/16/66

(c)

1,665,467‌

TOTAL

MORTGAGE-BACKED

SECURITIES

(Cost $447,122,668)

437,087,625‌

NON

U.S.

GOVERNMENT

&

AGENCIES

—

2.3%

NON

U.S.

TREASURY

—

1.6%

363,000,000‌

Mexican

Bonos,

7.75%,

5/29/31

20,745,472‌

SOVEREIGN

—

0.7%

North

Square

Strategic

Income

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

P

r

i

nc

i

p

a

l

Amo

u

nt

($)

F

a

i

r

V

a

lu

e

NON

U.S.

GOVERNMENT

&

AGENCIES

—

2.3%

(Continued)

140,000,000‌

Republic

of

South

Africa

Government

Bond,

8.88%,

2/28/35

$

8,855,725‌

TOTAL

NON

U.S.

GOVERNMENT

&

AGENCIES

(Cost $29,112,646)

29,601,197‌

U.S.

GOVERNMENT

&

AGENCIES

—

5.6%

U.S.

TREASURY

NOTES

—

4.4%

30,300,000‌

United

States

Treasury

Inflation

Indexed

Bonds,

1.88

%

,

1/15/36

29,732,304‌

18,860,000‌

United

States

Treasury

Note/Bond,

3.50

%

,

1/15/29

18,490,167‌

8,485,000‌

United

States

Treasury

Note/Bond,

3.75

%

,

1/31/31

8,238,239‌

56,460,710‌

U.S.

TREASURY

BONDS

—

1.2%

17,045,000‌

United

States

Treasury

Note/Bond,

4.63

%

,

11/15/55

15,455,687‌

TOTAL

U.S.

GOVERNMENT

&

AGENCIES

(Cost $74,184,712)

71,916,397‌

C

ont

ra

ct

s

Description

Expiration

Date

Exercise

Price

Notional

Value

PURCHASED

CALL

OPTIONS

—

0.40%

2,800

E-Mini

S&P

500®

12/21/2026

$

8,300.00

$

–

5,635,000‌

TOTAL

PURCHASED

CALL

OPTIONS

(Cost $12,641,150)

5,635,000‌

TOTAL

INVESTMENTS

—

95.5%

(Cost

$1,250,181,599)

$

1,228,792,430‌

Other

Assets

in

Excess

of

Liabilities

—

4.5%

58,396,045

NET

ASSETS

—

100.0%

$

1,287,188,475‌

(a)

Non-income

producing

security.

(b)

Affiliated

Company.

(c)

Variable

rate

security.

Interest

rate

resets

periodically.

The

rate

shown

is

the

effective

interest

rate

as

of

August

31,

2026.

For

securities

based

on

a

published

reference

rate

and

spread,

the

reference

rate

and

spread

(in

basis

points)

are

indicated

parenthetically.

Certain

variable

rate

securities

are

not

based

on

a

published

reference

rate

and

spread

but

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.

These

securities,

therefore,

do

not

indicate

a

reference

rate

and

spread.

(d)

Security

exempt

from

registration

under

Rule

144A

or

Section

4(2)

of

the

Securities

Act

of

1933.

The

security

may

be

resold

in

transactions

exempt

from

registration,

normally

to

qualified

institutional

buyers.

As

of

August

31,

2026

the

total

market

value

of

144A

securities

is

$200,043,560

or

15.5%

of

net

assets.

(e)

Security

is

perpetual

in

nature

and

has

no

stated

maturity

date.

ADR

-

American

Depositary

Receipt.

ETF

-

Exchange-Traded

Funds

North

Square

Strategic

Income

Fund

Schedule

of

Futures

Contracts

August

31,

2026

(Unaudited)

Contracts

Long

Contracts

Expiration

Date

Notional

Amount

Value

and

Unrealized

Appreciation

(Depreciation)

644

2-Year

U.S.

Treasury

Note

Future

01/01/2027

$

132,170,938‌

$

(301,875‌)

622

Ultra

U.S.

Treasury

Bond

Future

12/22/2026

68,439,438‌

(524,637‌)

$

(826,512‌)

Short

Contracts

(455)

10-Year

U.S.

Treasury

Note

Future

12/22/2026

$

(48,983,594‌)

$

7,109‌

(378)

5-Year

U.S.

Treasury

Note

Future

01/01/2027

(39,955,781‌)

197,860‌

(543)

E-Mini

S&P

500®

Index

Future

09/21/2026

(209,027,850‌)

(1,474,334‌)

(567)

Ultra

10-Year

U.S.

Treasury

Note

Future

12/22/2026

(62,042,203‌)

487,266‌

$

(782,099‌)

North

Square

Strategic

Income

Fund

Schedule

of

Credit

Default

Swap

Contracts

August

31,

2026

(Unaudited)

*

Buy

Protection

CENTRALLY

CLEARED

CREDIT

DEFAULT

SWAP

AGREEMENTS

Description

Fixed

Deal

(Pay)Rate

Maturity

Date

Notional

Value

Fair

Value

Amortized

Upfront

Payments

Paid/

(Received)

Unrealized

Appreciation

(Depreciation)

CDX.NA.IG

Series

46*

1.00%

6/20/2031

$

610,000,000‌

(22,026,048‌)

(10,812,267‌)

$

(11,213,781‌)

$

(11,213,781‌)

North

Square

Small

Cap

Value

Fund

Schedule

of

Investments

August

31,

2026

(Unaudited)

Sh

ar

e

s

F

a

i

r

V

a

lu

e

COMMON

STOCKS

—

96.0%

CONSUMER

DISCRETIONARY

—

8.2%

APPAREL

&

TEXTILE

PRODUCTS

—

1.4%

40,021

Kontoor

Brands,

Inc.

$

3,017,984‌

AUTOMOTIVE

—

1.3%

22,049

Lear

Corp.

2,755,904‌

CONSUMER

SERVICES

—

1.0%

118,441

Upbound

Group,

Inc.

2,167,470‌

HOME

CONSTRUCTION

—

1.7%

61,974

Interface,

Inc.

2,350,054‌

7,787

M/I

Homes,

Inc.

(a)

1,158,784‌

3,508,838‌

RETAIL

-

DISCRETIONARY

—

2.8%

30,010

Academy

Sports

&

Outdoors,

Inc.

1,289,230‌

46,596

Advance

Auto

Parts,

Inc.

1,965,419‌

158,619

Sally

Beauty

Holdings,

Inc.

(a)

2,598,179‌

5,852,828‌

TOTAL CONSUMER

DISCRETIONARY

17,303,024‌

CONSUMER

STAPLES

—

0.5%

FOOD

—

0.5%

87,077

Herbalife

Ltd.

(a)

956,976‌

TOTAL CONSUMER

STAPLES

956,976‌

ENERGY

—

9.7%

OIL

&

GAS

PRODUCERS

—

7.3%

8,884

Chord

Energy

Corp.

1,306,925‌

13,889

Gulfport

Energy

Corp.

(a)

2,492,381‌

79,974

Murphy

Oil

Corp.

2,912,653‌

109,517

SM

Energy

Co.

4,071,842‌

76,682

Talos

Energy,

Inc.

(a)

1,323,532‌

262,187

Whitecap

Resources,

Inc.

3,390,078‌

15,497,411‌

OIL

&

GAS

SERVICES

&

EQUIPMENT

—

1.1%

33,959

Innovex

International,

Inc.

(a)

1,041,522‌

13,164

Nabors

Industries

Ltd.

(a)

1,232,677‌

2,274,199‌

RENEWABLE

ENERGY

—

1.3%

14,973

EnerSys

2,752,936‌

TOTAL ENERGY

20,524,546‌

FINANCIALS

—

24.9%

BANKING

—

16.1%

62,682

Ameris

Bancorp

5,280,958‌

106,837

Cathay

General

Bancorp

6,539,493‌

North

Square

Small

Cap

Value

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

Sh

ar

e

s

F

a

i

r

V

a

lu

e

COMMON

STOCKS

—

96.0%

(Continued)

FINANCIALS

—

24.9%

(Continued)

BANKING

—

16.1%

(Continued)

32,596

First

Financial

Bancorp

$

1,063,607‌

97,491

Hancock

Whitney

Corp.

7,262,105‌

70,880

International

Bancshares

Corp.

4,972,941‌

132,266

OFG

Bancorp

6,884,445‌

38,513

Old

National

Bancorp

985,163‌

19,008

United

Bankshares

,

Inc.

895,847‌

33,884,559‌

INSTITUTIONAL

FINANCIAL

SERVICES

—

1.0%

29,448

StoneX

Group,

Inc.

(a)

2,016,599‌

INSURANCE

—

5.1%

28,618

Jackson

Financial,

Inc.

3,818,500‌

54,798

Kemper

Corp.

1,544,208‌

219,474

Pelagos

Insurance

Capital

Ltd.

5,357,360‌

10,720,068‌

SPECIALTY

FINANCE

—

2.7%

18,829

Enova

International,

Inc.

(a)

4,268,911‌

84,241

Finance

Of

America

Companies,

Inc.

(a)

1,495,278‌

5,764,189‌

TOTAL FINANCIALS

52,385,415‌

HEALTH

CARE

—

6.5%

BIOTECH

&

PHARMA

—

1.4%

13,738

ANI

Pharmaceuticals,

Inc.

(a)

1,006,308‌

7,788

Cytokinetics,

Inc.

(a)

552,247‌

81,410

Ocular

Therapeutix

,

Inc.

(a)

853,991‌

19,531

Zenas

Biopharma,

Inc.

(a)

631,242‌

3,043,788‌

HEALTH

CARE

FACILITIES

&

SERVICES

—

3.0%

438,796

AdaptHealth

Corp.

(a)

2,452,870‌

146,146

Pediatrax

Medical

Group,

Inc.

(a)

3,833,409‌

6,286,279‌

MEDICAL

EQUIPMENT

&

DEVICES

—

2.1%

55,581

Livanova

PLC

(a)

4,435,920‌

TOTAL HEALTH

CARE

13,765,987‌

INDUSTRIALS

—

17.8%

COMMERCIAL

SUPPORT

SERVICES

—

2.5%

44,100

ABM

Industries,

Inc.

2,056,383‌

143,017

Healthcare

Services

Group,

Inc.

(a)

3,144,944‌

5,201,327‌

ELECTRICAL

EQUIPMENT

—

3.0%

31,750

Belden,

Inc.

3,634,105‌

North

Square

Small

Cap

Value

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

Sh

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COMMON

STOCKS

—

96.0%

(Continued)

INDUSTRIALS

—

17.8%

(Continued)

ELECTRICAL

EQUIPMENT

—

3.0%

(Continued)

42,789

Ralliant

Corp.

$

2,641,365‌

6,275,470‌

ENGINEERING

&

CONSTRUCTION

—

0.6%

21,798

Fluor

Corp.

(a)

1,188,209‌

INDUSTRIAL

INTERMEDIATE

PRODUCTS

—

2.6%

18,821

Timken

Co.

(The)

2,266,989‌

7,113

Valmont

Industries,

Inc.

3,340,692‌

5,607,681‌

INDUSTRIAL

SUPPORT

SERVICES

—

0.4%

15,672

ADI

Global

Distribution,

Inc.

(a)

342,736‌

31,343

Resideo

Technologies,

Inc.

(a)

606,800‌

949,536‌

MACHINERY

—

3.9%

11,466

Alamo

Group,

Inc.

1,887,074‌

91,452

Gates

Industrial

Corp.

Ltd.

(a)

2,339,342‌

61,689

Terex

Corp.

3,917,869‌

8,144,285‌

TRANSPORTATION

&

LOGISTICS

—

4.8%

23,953

Copa

Holdings

SA,

Class

A

3,028,857‌

87,083

Global

Ship

Lease,

Inc.,

Class

A

3,879,548‌

35,604

Teekay

Tankers

Ltd.,

Class

A

3,191,542‌

10,099,947‌

TOTAL INDUSTRIALS

37,466,455‌

MATERIALS

—

8.2%

CHEMICALS

—

2.7%

50,130

Minerals

Technologies,

Inc.

3,555,220‌

348,104

Orion

Engineered

Carbons

SA

2,172,169‌

5,727,389‌

CONSTRUCTION

MATERIALS

—

0.5%

25,670

Apogee

Enterprises,

Inc.

1,002,670‌

METALS

&

MINING

—

4.1%

63,171

Century

Aluminum

Co.

(a)

2,891,337‌

98,359

Coeur

Mining,

Inc.

2,043,900‌

41,893

Gold.com,

Inc.

1,883,928‌

94,930

Hecla

Mining

Co.

1,886,259‌

8,705,424‌

STEEL

—

0.9%

54,299

Worthington

Steel,

Inc.

1,870,601‌

TOTAL MATERIALS

17,306,084‌

North

Square

Small

Cap

Value

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

Sh

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COMMON

STOCKS

—

96.0%

(Continued)

REAL

ESTATE

—

5.5%

REAL

ESTATE

SERVICES

—

1.1%

150,242

Newmark

Group,

Inc.,

Class

A

$

2,288,186‌

REIT

—

4.4%

225,944

Apple

Hospitality

REIT,

Inc.

3,603,807‌

94,825

Cousins

Properties,

Inc.

2,748,977‌

21,658

Innovative

Industrial

Properties,

Inc.

1,232,773‌

73,377

NexPoint

Residential

Trust,

Inc.

1,739,768‌

9,325,325‌

TOTAL REAL

ESTATE

11,613,511‌

TECHNOLOGY

—

9.2%

SOFTWARE

—

1.2%

21,958

Pegasystems,

Inc.

808,274‌

57,859

Teradata

Corp.

(a)

1,677,911‌

2,486,185‌

TECHNOLOGY

HARDWARE

—

5.7%

41,955

Avnet,

Inc.

3,757,490‌

78,998

Daktronics,

Inc.

(a)

1,542,831‌

79,780

Knowles

Corp.

(a)

2,726,880‌

101,270

NetScout

Systems,

Inc.

(a)

3,932,314‌

11,959,515‌

TECHNOLOGY

SERVICES

—

2.3%

73,270

Amentum

Holdings,

Inc.

(a)

1,464,667‌

26,689

Science

Applications

International

Corp.

3,422,064‌

4,886,731‌

TOTAL TECHNOLOGY

19,332,431‌

UTILITIES

—

5.5%

ELECTRIC

UTILITIES

—

1.1%

61,420

Avista

Corp.

2,282,367‌

GAS

&

WATER

UTILITIES

—

4.4%

42,492

National

Fuel

Gas

Co.

3,529,386‌

56,852

Northwest

Natural

Holding

Co.

2,789,728‌

79,470

UGI

Corp.

3,055,621‌

9,374,735‌

TOTAL UTILITIES

11,657,102‌

TOTAL

COMMON

STOCKS

(Cost $173,991,357)

202,311,531‌

North

Square

Small

Cap

Value

Fund

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

Sh

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F

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SHORT-TERM

INVESTMENTS

—

4.0%

8,427,104‌

First

American

Government

Obligations

Fund,

Class

X,

3.60%

(b)

$

8,427,104‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$8,427,104)

8,427,104‌

TOTAL

INVESTMENTS

—

100.0%

(Cost

$182,418,461)

$

210,738,635‌

Other

Assets

in

Excess

of

Liabilities

—

0.0%

(c)

5,258

NET

ASSETS

—

100.0%

$

210,743,893‌

(a)

Non-income

producing

security.

(b)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

August

31,

2026.

(c)

Percentage

rounds

to

less

than

0.1%.

North

Square

RCIM

Tax-Advantaged

Preferred

and

Income

Securities

ETF

Schedule

of

Investments

August

31,

2026

(Unaudited)

Sh

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s

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V

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PREFERRED

STOCKS

—

22.7%

COMMUNICATIONS

—

2.0%

TELECOMMUNICATIONS

—

2.0%

89,000

AT&T,

Inc.,

5.00%

(a)

$

1,568,180‌

TOTAL

COMMUNICATIONS

1,568,180‌

FINANCIALS

—

20.2%

ASSET

MANAGEMENT

—

2.9%

85,000

Charles

Schwab

Corp.

(The),

Series

J,

4.45%

(a)

1,434,800‌

36,300

Charles

Schwab

Corp.

(The),

Series

D,

5.95%

(a)

843,249‌

2,278,049‌

BANKING

—

12.3%

35,000

Bank

of

America

Corp.,

Series

NN,

4.38%

(a)

582,750‌

49,500

Citizens

Financial

Group,

Inc.,

5.00%

(a)

899,910‌

45,000

Citizens

Financial

Group,

Inc.,

6.50%

(a)

1,116,450‌

43,782

Fifth

Third

Bancorp,

6.88%

(a)

1,130,013‌

8,938

First

Horizon

Corp.,

4.70%

(a)

152,125‌

27,200

Huntington

Bancshares,

Inc.,

Series

J,

6.88%

(a)

685,440‌

39,300

KeyCorp,

Series

H,

6.20%

(a)

989,181‌

31,859

KeyCorp,

5.65%

(a)

649,924‌

36,500

M&T

Bank

Corp.,

Series

J,

7.50%

(a)

978,200‌

19,000

Regions

Financial

Corp.,

6.95%

(a)

483,740‌

7,481

Santander

Holdings

USA,

Inc.,

5.25%

(a)

156,727‌

69,500

Truist

Financial

Corp.,

5.25%

(a)

1,343,435‌

18,450

UMB

Financial

Corp.,

7.75%

(a)

488,925‌

7,500

US

Bancorp,

Series

M,

4.00%

(a)

112,575‌

9,769,395‌

INSTITUTIONAL

FINANCIAL

SERVICES

—

2.5%

45,500

Morgan

Stanley,

4.25%

(a)

747,110‌

50,500

Morgan

Stanley,

6.50%

(a)

1,269,570‌

2,016,680‌

INSURANCE

—

0.9%

25,969

Allstate

Corp.

(The),

7.38%

(a)

671,299‌

SPECIALTY

FINANCE

—

1.6%

36,250

Capital

One

Financial

Corp.,

5.00%

(a)

633,650‌

24,647

Synchrony

Financial,

Series

B,

8.25%

(a)

638,357‌

1,272,007‌

TOTAL

FINANCIALS

16,007,430‌

North

Square

RCIM

Tax-Advantaged

Preferred

and

Income

Securities

ETF

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

Sh

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F

a

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V

a

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PREFERRED

STOCKS

—

22.7%

(Continued)

UTILITIES

—

0.5%

ELECTRIC

UTILITIES

—

0.5%

24,250

CMS

Energy

Corp.,

4.20%

(a)

$

394,062‌

TOTAL

UTILITIES

394,062‌

TOTAL

PREFERRED

STOCKS

(Cost $18,751,336)

17,969,672‌

P

r

i

nc

i

p

a

l

Amo

u

nt

($)

CORPORATE

BONDS

—

73.8%

CONSUMER

DISCRETIONARY

—

2.5%

AUTOMOTIVE

—

2.5%

1,950,000

General

Motors

Financial

Co.,

Inc.,

6.50%,

3/30/73

(SOFR

+

344bps)

(a)(b)

1,958,250‌

TOTAL CONSUMER

DISCRETIONARY

1,958,250‌

ENERGY

—

5.2%

OIL

&

GAS

PRODUCERS

—

5.2%

2,075,000

BP

Capital

Markets

PLC,

6.45%,

3/01/74

(H15T5Y

+

240bps)

(a)(b)

2,131,544‌

2,000,000

Venture

Global

LNG,

Inc.,

9.00%,

3/30/74

(a)(b)(c)

2,025,296‌

4,156,840‌

TOTAL ENERGY

4,156,840‌

FINANCIALS

—

63.6%

ASSET

MANAGEMENT

—

2.1%

1,525,000

UBS

Group

A.G.,

9.25%,

5/13/72

(H15T5Y

+

475bps)

(a)(b)(c)

1,632,163‌

BANKING

—

46.5%

1,300,000

Banco

Bilbao

Vizcaya

Argentaria

S.A.,

9.38%,

9/19/73

(H15T5Y

+

510bps)

(a)

(b)

1,408,841‌

1,200,000

Banco

Santander

S.A.,

9.63%,

2/21/73

(H15T5Y

+

531bps)

(a)(b)

1,296,154‌

2,200,000

Bank

of

America

Corp.,

6.63%,

8/01/73

(a)(b)

2,257,730‌

1,950,000

Bank

of

Montreal,

7.70%,

5/26/84

(H15T5Y

+

345bps)

(b)

2,038,553‌

1,700,000

Bank

of

Nova

Scotia

(The),

Series

4,

8.63%,

10/27/82

(H15T5Y

+

439bps)

(b)

1,765,453‌

1,000,000

BNP

Paribas

S.A.,

8.00%,

2/22/74

(H15T5Y

+

373bps)

(a)(b)(c)

1,058,399‌

2,050,000

Canadian

Imperial

Bank

of

Commerce,

7.00%,

10/28/85

(H15T5Y

+

300bps)

(b)

2,083,360‌

2,425,000

Citigroup,

Inc.,

7.63%,

2/15/72

(H15T5Y

+

321bps)

(a)(b)

2,538,456‌

1,000,000

Credit

Agricole

S.A.,

7.13%,

9/23/75

(SOFR

+

358bps)

(a)(b)(c)

1,010,533‌

200,000

First

Citizens

BancShares

,

Inc.,

7.90%,

6/15/70

(TSFR3M

+

423bps)

(a)(b)(c)

200,887‌

1,400,000

HSBC

Holdings

PLC,

7.05%,

12/05/73

(H15T5Y

+

299bps)

(a)(b)

1,432,925‌

1,000,000

ING

Groep

N.V.,

7.00%,

11/16/75

(SOFR

+

359bps)

(a)(b)

1,020,847‌

2,650,000

JPMorgan

Chase

&

Co.,

6.88%,

3/01/74

(H15T5Y

+

274bps)

(a)(b)

2,749,592‌

1,250,000

Lloyds

Banking

Group

PLC,

8.00%,

3/27/70

(H15T5Y

+

391bps)

(a)(b)

1,327,276‌

1,050,000

NatWest

Group

PLC,

8.13%,

6/30/72

(H15T5Y

+

375bps)

(a)(b)

1,146,662‌

1,000,000

Nordea

Bank

Abp

,

6.75%,

11/10/75

(H15T5Y

+

272bps)

(a)(b)(c)

1,002,768‌

North

Square

RCIM

Tax-Advantaged

Preferred

and

Income

Securities

ETF

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

P

r

i

nc

i

p

a

l

Amo

u

nt

($)

F

a

i

r

V

a

lu

e

CORPORATE

BONDS

—

73.8%

(Continued)

FINANCIALS

—

63.6%

(continued)

BANKING

—

46.5%

(continued)

2,125,000

PNC

Financial

Services

Group,

Inc.

(The),

6.25%,

6/15/73

(H15T7Y

+

281bps)

(a)(b)

$

2,159,829‌

2,000,000

Royal

Bank

of

Canada,

7.50%,

5/02/84

(H15T5Y

+

289bps)

(b)

2,069,016‌

1,250,000

Standard

Chartered

PLC,

7.75%,

2/15/73

(H15T5Y

+

498bps)

(a)(b)(c)

1,282,360‌

2,050,000

Toronto-Dominion

Bank

(The),

8.13%,

10/31/82

(H15T5Y

+

408bps)

(b)

2,118,396‌

300,000

Truist

Financial

Corp.,

Series

N,

6.67%,

3/01/73

(H15T5Y

+

300bps)

(a)(b)

301,286‌

2,160,000

US

Bancorp,

5.30%,

12/29/49

(SOFR

+

291bps)

(a)(b)

2,157,691‌

2,365,000

Wells

Fargo

&

Co.,

7.63%,

9/15/73

(H15T5Y

+

361bps)

(a)(b)

2,462,195‌

36,889,209‌

INSTITUTIONAL

FINANCIAL

SERVICES

—

8.6%

2,075,000

Bank

of

New

York

Mellon

Corp.

(The),

6.30%,

3/20/74

(H15T5Y

+

230bps)

(a)

(b)

2,121,279‌

2,160,000

Goldman

Sachs

Group,

Inc.

(The),

7.50%,

8/18/70

(H15T5Y

+

316bps)

(a)(b)

2,249,091‌

350,000

Morgan

Stanley,

7.09%,

9/15/70

(TSFR3M

+

342bps)

(a)(b)

353,927‌

2,050,000

State

Street

Corp.,

6.70%,

3/15/74

(H15T5Y

+

261bps)

(a)(b)

2,098,960‌

6,823,257‌

SPECIALTY

FINANCE

—

6.4%

1,550,000

Air

Lease

Corp.,

6.00%,

9/15/73

(H15T5Y

+

256bps)

(a)(b)

1,505,637‌

1,500,000

Ally

Financial,

Inc.,

7.10%,

8/15/74

(H15T5Y

+

315bps)

(a)(b)

1,517,972‌

2,100,000

Capital

One

Financial

Corp.,

5.50%,

10/30/73

(TSFR3M

+

334bps)

(a)(d)

2,093,664‌

5,117,273‌

TOTAL FINANCIALS

50,461,902‌

UTILITIES

—

2.5%

ELECTRIC

UTILITIES

—

2.5%

1,900,000

Vistra

Corp.,

8.88%,

1/15/71

(H15T5Y

+

505bps)

(a)(b)(c)

2,026,209‌

TOTAL UTILITIES

2,026,209‌

TOTAL

CORPORATE

BONDS

(Cost $58,833,233)

58,603,201‌

TOTAL

INVESTMENTS

—

96.5%

(Cost

$77,584,569)

$

76,572,873‌

Other

Assets

in

Excess

of

Liabilities

—

3.5%

2,790,125

NET

ASSETS

—

100.0%

$

79,362,998‌

(a)

Security

is

perpetual

in

nature

and

has

no

stated

maturity

date.

(b)

Variable

rate

security.

Interest

rate

resets

periodically.

The

rate

shown

is

the

effective

interest

rate

as

of

August

31,

2026.

For

securities

based

on

a

published

reference

rate

and

spread,

the

reference

rate

and

spread

(in

basis

points)

are

indicated

parenthetically.

Certain

variable

rate

securities

are

not

based

on

a

published

reference

rate

and

spread

but

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.

These

securities,

therefore,

do

not

indicate

a

reference

rate

and

spread.

North

Square

RCIM

Tax-Advantaged

Preferred

and

Income

Securities

ETF

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

(c)

Security

exempt

from

registration

under

Rule

144A

or

Section

4(2)

of

the

Securities

Act

of

1933.

The

security

may

be

resold

in

transactions

exempt

from

registration,

normally

to

qualified

institutional

buyers.

As

of

August

31,

2026

the

total

market

value

of

144A

securities

is

$10,238,615

or

12.9%

of

net

assets.

(d)

Security

is

a

fix-to-float

security,

which

carries

a

fixed

coupon

until

a

certain

date,

upon

which

it

switches

to

a

floating

rate.

Rate

shown

is

the

fixed

rate.

North

Square

Growth

Opportunities

ETF

Schedule

of

Investments

August

31,

2026

(Unaudited)

Sh

ar

e

s

F

a

i

r

V

a

lu

e

COMMON

STOCKS

—

98.9%

COMMUNICATIONS

—

17.5%

ADVERTISING

&

MARKETING

—

0.3%

490

AppLovin

Corp.,

Class

A

(a)

$

152,909‌

CABLE

&

SATELLITE

—

0.2%

980

Space

Exploration

Technologies

Corp.,

Class

A

(a)

140,816‌

INTERNET

MEDIA

&

SERVICES

—

17.0%

980

Airbnb,

Inc.,

Class

A

(a)

179,556‌

20,586

Alphabet,

Inc.,

Class

A

6,985,859‌

1,470

Booking

Holdings,

Inc.

292,662‌

980

DoorDash

,

Inc.,

Class

A

(a)

227,105‌

3,438

Meta

Platforms,

Inc.,

Class

A

1,967,705‌

8,091

Netflix,

Inc.

(a)

655,776‌

245

Spotify

Technology

S.A.

(a)

133,187‌

10,441,850‌

TOTAL COMMUNICATIONS

10,735,575‌

CONSUMER

DISCRETIONARY

—

7.4%

AUTOMOTIVE

—

3.7%

14,892

Contemporary

Amperex

Technology

Co.

Ltd.

-

ADR

282,054‌

5,390

Tesla,

Inc.

(a)

1,983,251‌

2,265,305‌

E-COMMERCE

DISCRETIONARY

—

1.4%

1,515

Amazon.com,

Inc.

(a)

393,552‌

245

MercadoLibre

,

Inc.

(a)

474,369‌

867,921‌

LEISURE

FACILITIES

&

SERVICES

—

1.1%

490

Hilton

Worldwide

Holdings,

Inc.

154,977‌

490

Marriott

International

Inc,

Class

A

167,462‌

490

Royal

Caribbean

Cruises

Ltd.

131,683‌

1,715

Starbucks

Corp.

182,219‌

636,341‌

RETAIL

-

DISCRETIONARY

—

1.2%

1,960

Carvana

Co.

(a)

143,981‌

1,470

Home

Depot,

Inc.

(The)

481,910‌

980

TJX

Companies,

Inc.

(The)

131,232‌

757,123‌

TOTAL CONSUMER

DISCRETIONARY

4,526,690‌

CONSUMER

STAPLES

—

1.0%

RETAIL

-

CONSUMER

STAPLES

—

1.0%

490

Costco

Wholesale

Corp.

462,506‌

1,470

Walmart,

Inc.

154,159‌

616,665‌

TOTAL CONSUMER

STAPLES

616,665‌

North

Square

Growth

Opportunities

ETF

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

Sh

ar

e

s

F

a

i

r

V

a

lu

e

COMMON

STOCKS

—

98.9%

(Continued)

ENERGY

—

0.4%

OIL

&

GAS

PRODUCERS

—

0.4%

735

Targa

Resources

Corp.

$

215,833‌

TOTAL ENERGY

215,833‌

FINANCIALS

—

0.8%

ASSET

MANAGEMENT

—

0.5%

1,225

Blackstone,

Inc.

175,469‌

1,470

Robinhood

Markets,

Inc.,

Class

A

(a)

154,071‌

329,540‌

BANKING

—

0.2%

7,350

NU

Holdings

Ltd.,

Class

A

(a)

106,942‌

SPECIALTY

FINANCE

—

0.1%

245

American

Express

Co.

80,892‌

TOTAL FINANCIALS

517,374‌

HEALTH

CARE

—

5.2%

BIOTECH

&

PHARMA

—

3.7%

524

AbbVie,

Inc.

134,364‌

490

Alnylam

Pharmaceuticals,

Inc.

(a)

117,938‌

735

Amgen,

Inc.

315,962‌

1,470

Eli

Lilly

&

Co.

1,700,393‌

2,268,657‌

HEALTH

CARE

FACILITIES

&

SERVICES

—

0.6%

490

Cencora

,

Inc.

158,564‌

245

McKesson

Corp.

216,903‌

375,467‌

MEDICAL

EQUIPMENT

&

DEVICES

—

0.9%

245

IDEXX

Laboratories,

Inc.

(a)

136,389‌

735

Intuitive

Surgical,

Inc.

(a)

276,992‌

490

Natera

,

Inc.

(a)

157,761‌

571,142‌

TOTAL HEALTH

CARE

3,215,266‌

INDUSTRIALS

—

8.0%

AEROSPACE

&

DEFENSE

—

2.3%

980

Boeing

Co.

(The)

(a)

203,624‌

2,205

GE

Aerospace

Co.

740,241‌

735

Howmet

Aerospace,

Inc.

180,038‌

490

Lockheed

Martin

Corp.,

Class

B

275,003‌

1,398,906‌

COMMERCIAL

SUPPORT

SERVICES

—

0.2%

735

Cintas

Corp.

148,316‌

ELECTRICAL

EQUIPMENT

—

3.9%

7,837

ABB

Ltd.

-

ADR

763,716‌

North

Square

Growth

Opportunities

ETF

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

Sh

ar

e

s

F

a

i

r

V

a

lu

e

COMMON

STOCKS

—

98.9%

(Continued)

INDUSTRIALS

—

8.0%

(Continued)

ELECTRICAL

EQUIPMENT

—

3.9%

(Continued)

2,381

Amphenol

Corp.,

Class

A

$

377,508‌

735

Bloom

Energy

Corp.,

Class

A

(a)

151,630‌

626

GE

Vernova

,

Inc.

562,480‌

490

Trane

Technologies

PLC

217,756‌

1,245

Vertiv

Holdings

Co.,

Class

A

322,106‌

2,395,196‌

ENGINEERING

&

CONSTRUCTION

—

0.3%

245

Quanta

Services,

Inc.

148,737‌

MACHINERY

—

1.3%

980

Caterpillar,

Inc.

781,520‌

TOTAL INDUSTRIALS

4,872,675‌

MATERIALS

—

0.2%

METALS

&

MINING

—

0.2%

1,225

Anglogold

Ashanti

PLC

137,592‌

TOTAL MATERIALS

137,592‌

REAL

ESTATE

—

0.5%

REIT

—

0.5%

735

American

Tower

Corp.,

Class

A

129,140‌

735

Simon

Property

Group,

Inc.

156,055‌

285,195‌

TOTAL REAL

ESTATE

285,195‌

TECHNOLOGY

—

57.6%

SEMICONDUCTORS

—

29.7%

2,943

Advanced

Micro

Devices,

Inc.

(a)

1,385,329‌

2,083

Applied

Materials,

Inc.

954,826‌

8,433

Broadcom,

Inc.

3,123,077‌

2,695

KLA

Corp.

472,838‌

3,350

Lam

Research

Corp.

1,009,991‌

750

Marvell

Technology,

Inc.

158,745‌

2,146

Micron

Technology,

Inc.

2,057,435‌

40,279

Nvidia

Corp.

8,892,798‌

409

Teradyne,

Inc.

143,080‌

18,198,119‌

SOFTWARE

—

13.5%

735

Adobe,

Inc.

(a)

215,201‌

735

Autodesk,

Inc.

(a)

190,020‌

624

Cadence

Design

Systems,

Inc.

(a)

211,399‌

1,672

Cloudflare,

Inc.,

Class

A

(a)

510,144‌

1,783

Crowdstrike

Holdings,

Inc.,

Class

A

(a)

411,873‌

735

Datadog,

Inc.,

Class

A

(a)

174,224‌

1,470

Fortinet,

Inc.

(a)

251,267‌

North

Square

Growth

Opportunities

ETF

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

Sh

ar

e

s

F

a

i

r

V

a

lu

e

COMMON

STOCKS

—

98.9%

(Continued)

TECHNOLOGY

—

57.6%

(Continued)

SOFTWARE

—

13.5%

(Continued)

6,739

Microsoft

Corp.

$

3,418,627‌

3,675

Oracle

Corp.

548,016‌

6,708

Palantir

Technologies,

Inc.,

Class

A

(a)

1,250,237‌

1,470

Palo

Alto

Networks,

Inc.

(a)

561,731‌

1,715

ServiceNow,

Inc.

(a)

253,803‌

735

Snowflake,

Inc.,

Class

A

(a)

243,601‌

8,240,143‌

TECHNOLOGY

HARDWARE

—

11.0%

15,905

Apple,

Inc.

5,039,499‌

2,194

Arista

Networks,

Inc.

(a)

429,344‌

319

Ciena

Corp.

(a)

122,113‌

1,943

Corning,

Inc.

288,982‌

163

Lumentum

Holdings,

Inc.

(a)

149,106‌

245

Sandisk

Corp.

(a)

383,842‌

783

Western

Digital

Corp.

352,781‌

6,765,667‌

TECHNOLOGY

SERVICES

—

3.4%

1,470

Mastercard,

Inc.,

Class

A

866,286‌

3,185

Visa,

Inc.,

Class

A

1,208,293‌

2,074,579‌

TOTAL TECHNOLOGY

35,278,508‌

UTILITIES

—

0.3%

ELECTRIC

UTILITIES

—

0.3%

1,470

Vistra

Corp.

201,934‌

TOTAL UTILITIES

201,934‌

TOTAL

COMMON

STOCKS

(Cost $60,498,047)

60,603,307‌

TOTAL

INVESTMENTS

—

98.9%

(Cost

$60,498,047)

$

60,603,307‌

Other

Assets

in

Excess

of

Liabilities

—

1.1%

661,932

NET

ASSETS

—

100.0%

$

61,265,239‌

(a)

Non-income

producing

security.

ADR

-

American

Depositary

Receipt.

ETF

-

Exchange-Traded

Funds

North

Square

Disciplined

Value

ETF

Schedule

of

Investments

August

31,

2026

(Unaudited)

Sh

ar

e

s

F

a

i

r

V

a

lu

e

COMMON

STOCKS

—

97.4%

COMMUNICATIONS

—

8.3%

ENTERTAINMENT

CONTENT

—

1.5%

17,048

Fox

Corp.,

Class

A

$

1,148,183‌

INTERNET

MEDIA

&

SERVICES

—

2.9%

6,709

Alphabet,

Inc.,

Class

C

2,250,266‌

TELECOMMUNICATIONS

—

3.9%

59,556

Verizon

Communications,

Inc.

2,978,991‌

TOTAL COMMUNICATIONS

6,377,440‌

CONSUMER

DISCRETIONARY

—

8.7%

APPAREL

&

TEXTILE

PRODUCTS

—

1.2%

7,710

Tapestry,

Inc.

951,337‌

AUTOMOTIVE

—

2.0%

17,831

General

Motors

Co.

1,539,172‌

E-COMMERCE

DISCRETIONARY

—

5.5%

13,174

Amazon.com,

Inc.

(a)

3,422,210‌

7,503

eBay,

Inc.

777,010‌

4,199,220‌

TOTAL CONSUMER

DISCRETIONARY

6,689,729‌

CONSUMER

STAPLES

—

5.9%

BEVERAGES

—

1.4%

9,792

Coca-Cola

Europacific

Partners

PLC

1,057,732‌

RETAIL

-

CONSUMER

STAPLES

—

1.9%

8,598

Dollar

General

Corp.

1,089,797‌

7,162

Kroger

Co.

(The)

412,101‌

1,501,898‌

TOBACCO

&

CANNABIS

—

2.6%

29,344

Altria

Group,

Inc.

2,009,477‌

TOTAL CONSUMER

STAPLES

4,569,107‌

ENERGY

—

7.7%

OIL

&

GAS

PRODUCERS

—

7.7%

6,410

Chevron

Corp.

1,321,357‌

10,676

EOG

Resources,

Inc.

1,547,593‌

23,710

Shell

PLC

-

ADR

2,168,280‌

2,417

Valero

Energy

Corp.

867,510‌

5,904,740‌

TOTAL ENERGY

5,904,740‌

FINANCIALS

—

20.1%

ASSET

MANAGEMENT

—

2.0%

2,779

Ameriprise

Financial,

Inc.

1,537,093‌

North

Square

Disciplined

Value

ETF

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

Sh

ar

e

s

F

a

i

r

V

a

lu

e

COMMON

STOCKS

—

97.4%

(Continued)

FINANCIALS

—

20.1%

(Continued)

BANKING

—

8.9%

16,436

Citigroup,

Inc.

$

2,163,306‌

5,739

JPMorgan

Chase

&

Co.

2,043,199‌

43,064

US

Bancorp

2,651,881‌

6,858,386‌

INSTITUTIONAL

FINANCIAL

SERVICES

—

4.1%

11,599

Bank

of

New

York

Mellon

Corp.

(The)

1,870,687‌

1,224

Goldman

Sachs

Group,

Inc.

(The)

1,255,702‌

3,126,389‌

INSURANCE

—

2.9%

16,406

Hartford

Insurance

Group,

Inc.

(The)

2,253,856‌

SPECIALTY

FINANCE

—

2.2%

22,340

Synchrony

Financial

1,721,967‌

TOTAL FINANCIALS

15,497,691‌

HEALTH

CARE

—

12.8%

BIOTECH

&

PHARMA

—

8.1%

7,665

AbbVie,

Inc.

1,965,459‌

14,450

Bristol-Myers

Squibb

Co.

965,404‌

78,360

Pfizer,

Inc.

2,230,126‌

23,491

Sanofi

S.A.

-

ADR

1,042,061‌

6,203,050‌

HEALTH

CARE

FACILITIES

&

SERVICES

—

4.7%

6,100

Cigna

Group

(The)

1,684,088‌

2,929

Elevance

Health,

Inc.

1,149,750‌

3,356

Quest

Diagnostics,

Inc.

806,447‌

3,640,285‌

TOTAL HEALTH

CARE

9,843,335‌

INDUSTRIALS

—

9.8%

AEROSPACE

&

DEFENSE

—

2.5%

3,271

General

Dynamics

Corp.

1,214,686‌

3,271

RTX

Corp.

679,484‌

1,894,170‌

INDUSTRIAL

SUPPORT

SERVICES

—

1.1%

819

United

Rentals,

Inc.

850,122‌

MACHINERY

—

1.3%

1,259

Caterpillar,

Inc.

1,004,015‌

TRANSPORTATION

&

LOGISTICS

—

2.5%

25,005

Delta

Air

Lines,

Inc.

1,950,390‌

North

Square

Disciplined

Value

ETF

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

Sh

ar

e

s

F

a

i

r

V

a

lu

e

COMMON

STOCKS

—

97.4%

(Continued)

INDUSTRIALS

—

9.8%

(Continued)

TRANSPORTATION

EQUIPMENT

—

2.4%

3,325

Cummins,

Inc.

$

1,876,630‌

TOTAL INDUSTRIALS

7,575,327‌

MATERIALS

—

2.9%

CHEMICALS

—

0.9%

5,332

CF

Industries

Holdings,

Inc.

693,320‌

METALS

&

MINING

—

0.7%

4,133

Newmont

Goldcorp

Corp.

521,006‌

STEEL

—

1.3%

4,194

Nucor

Corp.

1,046,990‌

TOTAL MATERIALS

2,261,316‌

REAL

ESTATE

—

2.7%

REIT

—

2.7%

4,831

Simon

Property

Group,

Inc.

1,025,718‌

18,212

VICI

Properties,

Inc.

467,138‌

8,829

WP

Carey,

Inc.

617,677‌

2,110,533‌

TOTAL REAL

ESTATE

2,110,533‌

TECHNOLOGY

—

16.4%

SEMICONDUCTORS

—

1.6%

691

Micron

Technology,

Inc.

662,482‌

2,720

Nvidia

Corp.

600,522‌

1,263,004‌

SOFTWARE

—

7.5%

2,043

Intuit,

Inc.

734,050‌

6,003

Microsoft

Corp.

3,045,262‌

5,342

Salesforce,

Inc.

1,375,778‌

6,515

Zoom

Communications,

Inc.

(a)

629,870‌

5,784,960‌

TECHNOLOGY

HARDWARE

—

7.3%

9,331

Apple,

Inc.

2,956,528‌

2,435

Arrow

Electronics,

Inc.

(a)

497,787‌

6,230

Avnet,

Inc.

557,959‌

1,426

Dell

Technologies,

Inc.,

Class

C

650,270‌

5,015

NetApp,

Inc.

929,229‌

5,591,773‌

TOTAL TECHNOLOGY

12,639,737‌

UTILITIES

—

2.1%

ELECTRIC

UTILITIES

—

2.1%

15,016

Edison

International

810,563‌

North

Square

Disciplined

Value

ETF

Schedule

of

Investments

(continued)

August

31,

2026

(Unaudited)

Sh

ar

e

s

F

a

i

r

V

a

lu

e

COMMON

STOCKS

—

97.4%

(Continued)

UTILITIES

—

2.1%

(Continued)

ELECTRIC

UTILITIES

—

2.1%

(Continued)

10,014

NextEra

Energy,

Inc.

$

824,553‌

1,635,116‌

TOTAL UTILITIES

1,635,116‌

TOTAL

COMMON

STOCKS

(Cost $72,798,888)

75,104,071‌

TOTAL

INVESTMENTS

—

97.4%

(Cost

$72,798,888)

$

75,104,071‌

Other

Assets

in

Excess

of

Liabilities

—

2.6%

1,999,534

NET

ASSETS

—

100.0%

$

77,103,605‌

(a)

Non-income

producing

security.

ADR

-

American

Depositary

Receipt.