North Square McKee Bond Fund

SCHEDULE OF INVESTMENTS

July 31, 2022 (Unaudited)

Principal Amount			Value
	ASSET BACKED SECURITIES - 7.5%
	Aligned Data Centers Issuer LLC
400,000	1.937%, 08/15/2046 1	$	360,310
	American Credit Acceptance Receivables Trust 2021-2
446,000	1.340%, 07/13/2027 1		423,384
	Americredit Automobile Receivables Trust 2019-2
66,949	2.540%, 07/18/2024		66,894
	AMSR 2019-SFR1 Trust
500,000	2.774%, 01/20/2039 1		479,083
	AMSR 2021-SFR2 Trust
200,000	1.527%, 08/19/2038 1		180,790
	Amur Equipment Finance Receivables IX LLC
64,252	0.750%, 11/20/2026 1		62,126
	Amur Equipment Finance Receivables X LLC
785,000	2.200%, 01/20/2028 1		744,193
	Burlington Northern and Santa Fe Railway Co 2006-1 Pass Through Trust
53,812	5.720%, 01/15/2024		54,784
	CNH Equipment Trust 2019-A
8,573	3.010%, 04/15/2024		8,572
	Enterprise Fleet Funding 2021-1 LLC
325,713	0.440%, 12/20/2026 1		316,093
	Exeter Automobile Receivables Trust 2021-3
209,299	0.350%, 02/18/2025		207,567
306,000	0.690%, 01/15/2026		298,881
	FedEx Corp 2020-1 Class AA Pass Through Trust
527,040	1.875%, 08/20/2035		471,847
	Flagship Credit Auto Trust 2021-3
78,529	0.360%, 07/15/2027 1		76,127
	GLS Auto Receivables Issuer Trust 2021-3
574,000	0.780%, 11/17/2025 1		551,122
	GM Financial Automobile Leasing Trust 2020-2
305,000	2.560%, 07/20/2024		302,261
	GM Financial Automobile Leasing Trust 2021-3
2,793	0.240%, 12/20/2023		2,766
	MMAF Equipment Finance LLC 2018-A
194,752	3.390%, 01/10/2025 1		194,652
	Oportun Funding XIV LLC
100,000	1.210%, 03/08/2028 1		93,680
	Oscar US Funding X LLC
279,307	3.270%, 05/11/2026 1,2		277,940
	Oscar US Funding XII LLC
110,000	0.700%, 04/10/2025 1,2		106,057
	Santander Retail Auto Lease Trust 2021-C
227,000	0.500%, 03/20/2025 1		220,189
	Tricon Residential 2022-SFR2 Trust
528,000	3.856%, 04/17/2039 1		515,923
	Union Pacific Railroad Co 2005 Pass Through Trust
26,618	5.082%, 01/02/2029		27,501
	Verizon Master Trust
274,000	0.690%, 05/20/2027		257,104
	Verizon Owner Trust 2020-C
635,000	0.670%, 04/21/2025		608,581
	VMC Finance 2021-FL4 LLC
250,035	3.256% (1 Month LIBOR USD + 1.100%), 06/18/2036 1,3		244,474
	Volvo Financial Equipment LLC Series 2019-2
50,389	2.040%, 11/15/2023 1		50,304
	Westlake Automobile Receivables Trust 2020-2
176,965	1.320%, 07/15/2025 1		176,574
	Westlake Automobile Receivables Trust 2020-3
21,482	0.560%, 05/15/2024 1		21,424
	Westlake Automobile Receivables Trust 2021-1
57,390	0.390%, 10/15/2024 1		56,974
295,000	0.640%, 03/16/2026 1		288,627
	Westlake Automobile Receivables Trust 2021-2
320,000	0.620%, 07/15/2026 1		309,306
	Westlake Automobile Receivables Trust 2021-3
1,000,000	1.290%, 01/15/2027 1		960,484
	World Omni Auto Receivables Trust 2019-C
128,057	1.960%, 12/15/2024		127,430
	TOTAL ASSET BACKED SECURITIES
	(Cost $9,522,876)		9,144,024
	CORPORATE BONDS - 22.4%
	COMMUNICATION SERVICES - 1.9%
	Diversified Telecommunication Services - 1.5%
	AT&T Inc.
292,000	1.700%, 03/25/2026		272,675
563,000	4.350%, 03/01/2029		568,430
	Verizon Communications Inc.
1,059,000	2.100%, 03/22/2028		969,565
			1,810,670
	Entertainment - 0.1%
	The Walt Disney Co.
180,000	2.000%, 09/01/2029		160,519
	Media - 0.3%
	Fox Corp.
389,000	3.050%, 04/07/2025		380,597
	TOTAL COMMUNICATION SERVICES		2,351,786
	CONSUMER DISCRETIONARY - 2.1%
	Automobiles - 1.7%
	American Honda Finance Corp.
218,000	2.000%, 03/24/2028		198,975
	General Motors Financial Co., Inc.
345,000	4.300%, 04/06/2029		327,212
	General Motors Financial Co, Inc.
1,097,000	5.000%, 04/09/2027		1,099,603
	Hyundai Capital America
250,000	5.875%, 04/07/2025 1		258,410
	Mercedez-Benz Finance North America LLC
150,000	1.450%, 03/02/2026 1		138,381
			2,022,581
	Hotels, Restaurants & Leisure - 0.3%
	Starbucks Corp.
428,000	3.550%, 08/15/2029		416,244
	Specialty Retail - 0.1%
	The Home Depot, Inc.
178,000	2.950%, 06/15/2029		171,657
	TOTAL CONSUMER DISCRETIONARY		2,610,482
	CONSUMER STAPLES - 1.2%
	Beverages - 0.2%
	Anheuser-Busch InBev Worldwide Inc.
283,000	4.750%, 01/23/2029		298,228
	Tobacco - 1.0%
	Altria Group, Inc.
360,000	4.800%, 02/14/2029		358,033
	B.A.T. Capital Corp.
254,000	2.259%, 03/25/2028		217,874
257,000	4.906%, 04/02/2030		244,774
	Philip Morris International Inc.
354,000	2.750%, 02/25/2026		342,262
			1,162,943
	TOTAL CONSUMER STAPLES		1,461,171
	ENERGY - 0.7%
	Oil, Gas & Consumable Fuels - 0.7%
	BP Capital Markets America Inc.
175,000	3.017%, 01/16/2027		171,728
191,000	3.543%, 04/06/2027		191,669
	Saudi Arabian Oil Co.
200,000	3.500%, 04/16/2029 1,2		196,085
	Shell International Finance B.V.
403,000	2.375%, 11/07/20292		365,975
	TOTAL ENERGY		925,457
	FINANCIALS - 11.6%
	Banks - 8.3%
	Bank of America Corp.
1,391,000	1.658% (SOFR + 0.910%), 03/11/20273		1,271,924
434,000	2.572% (SOFR + 1.210%), 10/20/20323		372,297
	Bank of Montreal
170,000	1.850%, 05/01/20252		162,702
	The Bank of Nova Scotia
717,000	1.300%, 06/11/20252		670,539
	Citigroup Inc.
628,000	0.981% (SOFR + 0.669%), 05/01/20253		594,954
270,000	3.070% (SOFR + 1.280%), 02/24/20283		256,494
	Cooperatieve Rabobank U.A.
556,000	1.980% (1 Year CMT  Rate + 0.730%), 12/15/2027 1,2,3		502,413
	F.N.B. Corp. of Pennsylvania
249,000	2.200%, 02/24/2023		246,517
	Federation des caisses Desjardins du Quebec
220,000	2.050%, 02/10/2025 1,2		209,178
	Fifth Third Bancorp
249,000	3.650%, 01/25/2024		248,965
	JPMorgan Chase & Co.
608,000	0.969% (TSFR3M + 0.580%), 06/23/20253		572,263
1,463,000	2.005% (TSFR3M + 1.585%), 03/13/20263		1,384,904
525,000	1.578% (SOFR + 0.885%), 04/22/20273		477,139
286,000	1.953% (SOFR + 1.065%), 02/04/20323		237,855
	PNC Financial Services Group, Inc.
301,000	1.150%, 08/13/2026		273,733
513,000	2.550%, 01/22/2030		459,384
	The Toronto-Dominion Bank
716,000	1.150%, 06/12/20252		668,281
282,000	1.250%, 09/10/20262		255,220
	US Bancorp
379,000	4.548% (SOFR + 1.660%), 07/22/20283		389,107
	Wells Fargo & Co.
779,000	3.526% (SOFR + 1.510%), 03/24/20283		753,289
	Westpac Banking Corp.
156,000	1.953%, 11/20/20282		140,062
			10,147,220
	Capital Markets - 2.6%
	The Goldman Sachs Group, Inc.
881,000	3.272% (3 Month LIBOR USD + 1.201%), 09/29/20253		864,532
477,000	1.431% (SOFR + 0.798%), 03/09/20273		431,177
592,000	1.992% (SOFR + 1.090%), 01/27/20323		488,128
	Morgan Stanley
349,000	0.790% (SOFR + 0.525%), 05/30/20253		327,963
942,000	1.593% (SOFR + 0.879%), 05/04/20273		858,402
	State Street Corp.
264,000	2.623% (SOFR + 1.002%), 02/07/20333		232,860
			3,203,062
	Consumer Finance - 0.8%
	Capital One Financial Corp.
1,029,000	1.878% (SOFR + 0.855%), 11/02/20273		918,704
	TOTAL FINANCIALS		14,268,986
	HEALTH CARE - 0.7%
	Biotechnology - 0.5%
	AbbVie, Inc.
196,000	3.800%, 03/15/2025		196,668
	Amgen Inc.
238,000	3.000%, 02/22/2029		227,496
197,000	2.450%, 02/21/2030		179,478
			603,642
	Pharmaceuticals - 0.2%
	AstraZeneca PLC
268,000	0.700%, 04/08/20262		243,654
	TOTAL HEALTH CARE		847,296
	INDUSTRIALS - 1.5%
	Aerospace & Defense - 0.8%
	The Boeing Co.
840,000	4.875%, 05/01/2025		853,281
	Boeing Co/The
182,000	2.196%, 02/04/2026		169,552
			1,022,833
	Road & Rail - 0.6%
	BNSF Railway Co 2015-1 Pass Through Trust
190,071	3.442%, 06/16/20281		188,293
	CSX Corp.
150,000	3.800%, 03/01/2028		150,638
	CSX Transportation, Inc.
299,461	6.251%, 01/15/2023		303,132
	Union Pacific Railroad Co 2014-1 Pass Through Trust
144,236	3.227%, 05/14/2026		142,779
			784,842
	TOTAL INDUSTRIALS		1,807,675
	INFORMATION TECHNOLOGY - 1.5%
	IT Services - 0.3%
	International Business Machines Corp.
360,000	4.150%, 07/27/2027		368,474
	Semiconductors & Semiconductor Equipment - 0.3%
	Broadcom Inc.
399,000	3.459%, 09/15/2026		391,148
	Software - 0.3%
	Oracle Corp.
241,000	3.250%, 11/15/2027		229,566
158,000	2.300%, 03/25/2028		141,955
			371,521
	Technology Hardware, Storage & Peripherals - 0.6%
	Hewlett Packard Enterprise Co.
682,000	1.450%, 04/01/2024		660,422
	TOTAL INFORMATION TECHNOLOGY		1,791,565
	MATERIALS - 0.2%
	Chemicals - 0.2%
	DuPont de Nemours, Inc.
306,000	4.493%, 11/15/2025		313,902
	TOTAL MATERIALS		313,902
	REAL ESTATE - 0.4%
	Equity Real Estate Investment Trusts (REITs) - 0.4%
	Crown Castle International Corp.
504,000	1.050%, 07/15/2026		448,753
	TOTAL REAL ESTATE		448,753
	UTILITIES - 0.6%
	Electric Utilities - 0.4%
	Duke Energy Corp.
151,000	2.450%, 06/01/2030		133,123
	NextEra Energy Capital Holdings, Inc.
419,000	1.900%, 06/15/2028		375,784
			508,907
	Multi-Utilities - 0.2%
	Consolidated Edison Co. of New York, Inc.
222,000	3.350%, 04/01/2030		215,703
	TOTAL UTILITIES		724,610
	TOTAL CORPORATE BONDS
	(Cost $29,597,305)		27,551,683
	FOREIGN GOVERNMENT AGENCY ISSUES - 1.7%
	International Bank for Reconstruction and Development
712,000	0.650%, 02/24/20262		660,538
1,500,000	2.700%, 12/28/20372		1,368,189
	TOTAL FOREIGN GOVERNMENT AGENCY ISSUES
	(Cost $2,182,138)		2,028,727
	MORTGAGE BACKED SECURITIES - 35.7%
	BBCMS Mortgage Trust 2022-C14
221,926	1.727%, 02/18/2055		209,972
	COMM 2012-CCRE4 Mortgage Trust
163,482	2.853%, 10/17/2045		162,843
	DBUBS 2017-BRBK Mortgage Trust
300,000	3.452%, 10/12/2034 1		291,982
	Ellington Financial Mortgage Trust 2020-1
243,912	2.006%, 05/25/2065 1,4		237,254
	EQUS 2021-EQAZ Mortgage Trust
600,000	2.754% (1 Month LIBOR USD + 0.755%), 10/15/2036 1,3		578,368
	Fannie Mae Pool
45,526	2.500%, 08/01/2028		45,400
36,373	5.000%, 11/01/2029		37,584
10,820	4.000%, 10/01/2030		11,204
91,812	4.500%, 05/01/2031		94,649
80,016	4.000%, 09/01/2031		82,869
35,497	4.500%, 01/01/2032		36,590
22,818	3.500%, 04/01/2032		23,446
305,408	3.000%, 05/01/2033		305,372
85,386	4.500%, 05/01/2034		88,018
103,528	4.000%, 06/01/2034		107,224
142,639	3.500%, 08/01/2034		146,257
116,248	3.500%, 12/01/2034		119,441
54,635	3.500%, 11/01/2035		56,127
110,163	4.000%, 11/01/2035		114,101
318,394	2.500%, 04/01/2037		302,663
120,232	4.000%, 07/01/2037		124,525
118,917	4.000%, 12/01/2037		123,145
117,823	3.500%, 12/01/2037		119,844
83,008	4.000%, 06/01/2038		86,183
4,470	4.000%, 03/01/2039		4,606
39,083	4.500%, 01/01/2040		40,736
311,949	3.000%, 01/01/2040		305,752
48,110	4.500%, 01/01/2040		50,130
632,213	2.500%, 06/01/2040		601,114
11,931	4.500%, 07/01/2040		12,433
340,788	2.000%, 08/01/2040		315,989
83,744	4.000%, 09/01/2040		85,351
19,626	4.500%, 09/01/2040		20,451
3,963	4.000%, 09/01/2040		4,083
220,620	2.500%, 10/01/2040		210,208
358,135	3.000%, 10/01/2040		349,771
264,281	2.000%, 11/01/2040		244,938
14,233	4.500%, 11/01/2040		14,642
33,520	4.500%, 12/01/2040		34,852
6,048	4.000%, 01/01/2041		6,231
31,507	4.000%, 01/01/2041		32,462
56,163	4.000%, 01/01/2041		57,729
167,450	2.000%, 01/01/2041		154,959
447,405	2.500%, 02/01/2041		419,342
384,928	1.500%, 03/01/2041		342,774
244,375	2.500%, 03/01/2041		232,818
81,148	4.500%, 04/01/2041		84,567
20,359	4.500%, 05/01/2041		21,175
507,209	2.500%, 09/01/2041		483,219
9,297	4.000%, 10/01/2041		9,471
521,793	2.500%, 10/01/2041		498,726
328,101	2.500%, 11/01/2041		312,580
20,905	3.000%, 09/01/2042		20,579
133,969	3.000%, 04/01/2043		131,463
120,443	3.500%, 07/01/2043		121,198
43,820	3.500%, 01/01/2044		44,096
391,734	3.000%, 04/01/2045		384,998
35,775	3.500%, 12/01/2045		35,902
179,408	4.500%, 03/01/2046		186,944
109,863	3.000%, 04/01/2046		107,436
181,154	2.500%, 05/01/2046		170,118
102,253	3.500%, 06/01/2046		102,805
144,438	3.000%, 06/01/2046		142,438
71,152	3.000%, 10/01/2046		69,583
6,466	3.000%, 11/01/2046		6,323
455,490	3.000%, 02/01/2047		448,229
188,657	3.000%, 02/01/2047		184,475
1,092,276	2.500%, 11/01/2047		1,026,317
285,489	2.500%, 12/01/2047		269,987
52,570	3.500%, 03/01/2048		52,676
112,138	3.000%, 04/01/2048		109,642
205,743	2.500%, 04/01/2048		193,326
338,154	3.500%, 08/01/2048		339,031
106,090	3.500%, 11/01/2048		106,164
9,633	4.500%, 11/01/2048		9,885
138,326	3.000%, 12/01/2048		135,276
19,658	3.500%, 02/01/2049		19,678
46,431	3.000%, 02/01/2049		45,204
546,257	3.500%, 09/01/2049		536,277
103,372	3.000%, 12/01/2049		100,181
402,898	2.500%, 04/01/2050		373,428
292,756	2.500%, 05/01/2050		270,297
157,537	3.500%, 08/01/2050		158,971
550,309	2.500%, 09/01/2050		514,597
138,078	2.500%, 10/01/2050		130,089
346,544	2.000%, 03/01/2051		314,884
1,403,928	2.500%, 07/01/2051		1,316,652
835,084	2.500%, 08/01/2051		780,380
601,403	2.500%, 09/01/2051		562,104
529,412	2.500%, 10/01/2051		494,787
1,953,731	2.500%, 10/01/2051		1,823,907
293,092	2.500%, 12/01/2051		273,772
634,304	3.000%, 01/01/2052		614,627
520,986	3.000%, 02/01/2052		502,820
268,679	3.000%, 02/01/2052		259,266
	Fannie Mae REMICS
643	7.000%, 11/25/2022		632
26,123	5.500%, 01/25/2026		26,492
109,611	4.000%, 04/25/2033		112,626
225,000	4.000%, 09/25/2033		224,677
4,312	5.000%, 08/25/2035		4,578
228,000	3.500%, 10/25/2037		229,239
2,055	4.500%, 02/25/2038		2,054
1,064	2.000%, 07/25/2041		1,054
42,834	2.000%, 12/25/2041		41,038
103,638	2.000%, 02/25/2043		100,150
130,023	3.500%, 02/25/2043		131,135
8,172	3.500%, 08/25/2043		8,190
104,389	2.000%, 10/25/2044		101,354
75,101	2.000%, 10/25/2044		71,372
43,918	3.000%, 04/25/2045		43,604
3,384	3.500%, 08/25/2045		3,374
91,125	2.500%, 01/25/2048		87,513
95,934	3.500%, 09/25/2048		97,253
653,513	2.000%, 04/25/2049		613,802
558,436	4.000%, 05/25/2049		578,075
74,884	3.000%, 07/25/2049		73,442
10,985	3.500%, 06/25/2053		11,131
	Fannie Mae Trust 2003-W8
15,453	2.609% (1 Month LIBOR USD + 0.350%), 05/25/20423		15,356
	Fannie Mae-Aces
58,035	3.501%, 01/25/20244		57,949
	Freddie Mac Gold Pool
3,089	6.000%, 01/01/2024		3,113
74,517	4.500%, 05/01/2031		76,878
153,354	4.500%, 06/01/2031		158,214
6,547	4.000%, 09/01/2031		6,785
117,736	3.000%, 11/01/2032		117,815
44,784	3.500%, 06/01/2033		46,054
118,964	4.000%, 11/01/2033		123,324
14,911	3.500%, 07/01/2036		15,180
148,371	3.500%, 08/01/2036		152,570
25,618	4.500%, 12/01/2039		26,709
24,681	4.000%, 01/01/2041		25,450
45,567	3.000%, 11/01/2042		44,894
99,987	3.500%, 12/01/2042		101,158
355,878	3.000%, 12/01/2046		348,233
273,451	3.000%, 12/01/2046		267,590
68,700	3.000%, 01/01/2047		67,224
	Freddie Mac Multifamily Structured Pass Through Certificates
11,831	2.127% (1 Month LIBOR USD + 0.340%), 07/25/20243		11,769
14,005	2.802%, 01/25/20464		13,951
	Freddie Mac Pool
288,889	4.000%, 06/01/2033		298,792
340,717	3.000%, 07/01/2038		338,682
468,090	3.000%, 09/01/2039		460,510
695,755	3.000%, 06/01/2040		679,007
171,767	2.500%, 04/01/2042		163,645
447,264	3.000%, 05/01/2042		437,015
603,344	4.500%, 02/01/2047		621,021
36,576	3.500%, 01/01/2048		36,755
261,862	2.500%, 11/01/2050		244,827
346,380	2.000%, 02/01/2051		312,428
516,443	2.500%, 03/01/2051		484,590
420,496	2.000%, 11/01/2051		379,113
565,105	3.000%, 12/01/2051		545,453
	Freddie Mac REMICS
20,614	4.500%, 09/15/2025		20,874
154,983	3.500%, 08/15/2027		155,676
444	3.000%, 09/15/2037		444
195,742	3.000%, 08/15/2040		195,035
165,945	2.000%, 09/15/2041		160,055
17,501	2.000%, 12/15/2041		16,835
354,976	2.000%, 11/15/2042		341,115
75,988	3.000%, 05/15/2043		75,648
34,419	3.000%, 11/15/2043		34,198
103,618	2.000%, 03/25/2044		100,031
217,210	3.000%, 08/15/2044		216,231
326,256	3.000%, 06/25/2048		316,986
145,531	1.000%, 04/25/2049		130,508
58,206	1.000%, 01/25/2050		47,465
222,757	3.250%, 04/15/20535		223,414
50,056	3.000%, 01/15/2055		49,844
	Freddie Mac STACR REMIC Trust 2022-DNA3
766,687	3.514% (SOFR30A + 2.000%), 04/25/2042 1,3		761,787
	Freddie Mac STACR REMIC Trust 2021-DNA3
69,347	2.264% (SOFR30A + 0.750%), 10/25/2033 1,3		68,408
	Freddie Mac STACR REMIC Trust 2022-DNA1
975,095	2.514% (SOFR30A + 1.000%), 01/27/2042 1,3		951,276
	Freddie Mac Structured Agency Credit Risk Debt Notes
31,429	2.314% (SOFR30A + 0.800%), 08/25/2033 1,3		31,275
	Freddie Mac Structured Pass-Through Certificates
111,973	2.043% (12 Month US Treasury Average + 1.400%), 07/25/20443		117,019
17,803	1.843% (12 Month US Treasury Average + 1.200%), 10/25/20443		18,437
	Government National Mortgage Association
483	5.000%, 12/20/2027		487
59,699	5.500%, 09/20/2033		61,227
134,974	2.750%, 06/20/2042		133,338
209,000	3.000%, 01/20/2043		207,008
44,707	2.200%, 11/16/2043		44,120
13,534	2.250%, 09/16/2044		13,244
33,217	2.000%, 03/20/2045		31,731
12,847	2.500%, 10/20/2045		12,647
22,569	2.500%, 09/20/2046		22,056
438,692	2.000%, 03/20/2050		411,058
156,956	1.000%, 08/20/2050		132,253
189,534	1.250%, 05/20/2051		167,734
1,892,891	1.750%, 09/20/2051		1,722,728
	GS Mortgage Securities Corp Trust 2021-RENT
296,924	2.862% (1 Month LIBOR USD + 0.700%), 11/21/2035 1,3		289,886
	GS Mortgage Securities Corp Trust 2021-ROSS
310,000	3.150% (1 Month LIBOR USD + 1.150%), 06/16/2036 1,3		299,822
	ILPT Trust 2019-SURF
145,000	4.145%, 02/13/2041 1		142,464
	JP Morgan Chase Commercial Mortgage Securities Trust 2016-JP2
124,000	2.822%, 08/17/2049		119,111
	Morgan Stanley Capital I Trust 2015-UBS8
168,000	3.809%, 12/17/2048		166,473
	Morgan Stanley Capital I Trust 2016-UBS12
413,000	3.596%, 12/17/2049		407,182
	Morgan Stanley Capital I Trust 2016-UBS9
337,000	3.594%, 03/17/2049		331,652
	PSMC 2020-3 Trust
925,000	3.000%, 11/25/2050 1,4		838,333
	RLGH Trust 2021-TROT
430,000	2.800% (1 Month LIBOR USD + 0.800%), 04/15/2036 1,3		417,228
	Seasoned Credit Risk Transfer Trust
90,148	2.000%, 11/25/2060		84,937
	UBS Commercial Mortgage Trust
334,000	2.921%, 10/18/2052		309,685
	UBS-Barclays Commercial Mortgage Trust 2013-C5
56,507	2.687%, 03/12/2046		56,359
	UBS-Barclays Commercial Mortgage Trust 2013-C6
656,000	3.244%, 04/12/2046		652,445
	VNDO 2012-6AVE Mortgage Trust
300,000	2.996%, 11/15/2030 1,2		299,490
	Wells Fargo Commercial Mortgage Trust 2016-C35
160,000	2.931%, 07/17/2048		153,961
	Wells Fargo Commercial Mortgage Trust 2016-NXS6
437,000	2.918%, 11/18/2049		421,309
	Wells Fargo Commercial Mortgage Trust 2017-RB1
351,000	3.635%, 03/15/2050		347,024
	Wells Fargo Commercial Mortgage Trust 2021-SAVE
222,710	3.149% (1 Month LIBOR USD + 1.150%), 02/15/2040 1,3		215,069
	WFRBS Commercial Mortgage Trust 2013-C12
157,897	3.198%, 03/17/2048		157,129
	TOTAL MORTGAGE BACKED SECURITIES
	(Cost $46,918,943)		43,893,572
	US GOVERNMENT AGENCY ISSUE - 26.3%
	Federal Agricultural Mortgage Corp.
585,000	4.170%, 05/24/2029		587,336
	Federal Farm Credit Banks Funding Corp.
1,323,000	3.940%, 07/27/2026		1,329,263
1,375,000	2.280%, 02/14/2028		1,307,556
676,000	2.450%, 02/23/2028		644,396
2,000,000	1.300%, 09/20/2028		1,811,193
585,000	2.750%, 03/07/2029		568,831
710,000	1.370%, 03/20/2029		633,156
347,000	2.870%, 02/25/2030		330,714
445,000	4.330%, 06/02/2031		443,735
2,095,000	2.150%, 12/01/2031		1,880,911
687,000	2.950%, 02/17/2032		647,840
247,000	2.940%, 02/23/2032		232,764
1,849,000	3.000%, 03/08/2032		1,773,117
668,000	3.800%, 04/05/2032		661,026
317,000	4.370%, 05/17/2032		315,275
443,000	4.350%, 06/01/2032		441,100
1,516,000	4.700%, 06/29/2032		1,523,135
600,000	4.980%, 07/20/2032		605,800
2,500,000	2.390%, 01/19/2033		2,256,408
1,378,000	2.480%, 02/01/2034		1,233,740
1,355,000	3.250%, 02/23/2035		1,280,721
1,706,000	3.360%, 02/23/2037		1,625,930
	Federal Home Loan Banks
1,370,000	4.100%, 08/08/2025		1,372,702
1,640,000	0.500%, 11/23/20265		1,556,674
550,000	2.500%, 02/25/2027		528,996
925,000	3.200%, 04/21/2027		920,922
965,000	2.500%, 04/29/20275		954,789
595,000	4.700%, 06/30/2027		595,776
100,000	0.500%, 08/26/20275		93,565
685,000	2.750%, 02/22/2034		624,142
360,000	2.900%, 02/18/2037		323,589
1,270,000	3.000%, 02/24/2037		1,147,880
	Ginnie Mae I Pool
633	4.500%, 04/15/2023		650
67,577	4.000%, 11/15/2024		69,038
310,573	3.020%, 09/15/2041		307,753
343,594	3.000%, 08/15/2045		337,270
	Ginnie Mae II Pool
101,975	3.500%, 04/20/2027		103,307
37,405	3.500%, 07/20/2027		37,894
685,306	3.500%, 12/20/2034		694,369
64,286	5.000%, 07/20/2048		66,605
445,427	3.000%, 10/20/2051		434,740
	TOTAL US GOVERNMENT AGENCY ISSUE
	(Cost $33,414,197)		32,304,608
	US GOVERNMENT NOTES/BONDS - 1.6%
	United States Treasury Note/Bond
253,000	1.875%, 02/28/2027		243,972
1,051,000	1.750%, 01/31/2029		991,061
	United States Treasury Note/Bond
44,000	2.875%, 05/15/2032		44,794
	United States Treasury Note/Bond
456,000	2.625%, 05/31/2027		454,557
247,000	3.250%, 06/30/2027		253,204
	TOTAL US GOVERNMENT NOTES/BONDS
	(Cost $1,962,455)		1,987,588
	CERTIFICATES OF DEPOSIT - 5.3%
600,000	CAPITAL ONE BANK (USA) NAT, 3.550%, 08/03/2027		599,583
245,000	Capital One NA, 3.100%, 06/02/2025		242,885
245,000	Discover Bank, 3.100%, 06/02/2025		242,885
505,000	Discover Bank, 3.500%, 07/29/2027		504,193
1,650,000	DISCOVER BK, 0.000%		1,650,495
500,000	Goldman Sachs Bank USA/New York NY, 1.000%, 02/11/2026		459,102
225,000	HSBC Bank USA NA, 1.411%, 11/15/20223		224,411
100,000	JPMorgan Chase Bank NA, 1.575%, 11/29/20243		98,197
105,000	JPMorgan Chase Bank NA, 2.030%, 12/17/20253		100,708
72,000	JPMorgan Chase Bank NA, 1.711%, 12/04/20233		71,827
949,000	Morgan Stanley Bank NA, 3.550%, 08/04/2027		948,153
1,074,000	Morgan Stanley Private Bank NA, 3.500%, 08/04/2027		1,071,992
245,000	SALLIE MAE BK MURRAY UTAH, 3.450%, 08/04/2025		245,056
	TOTAL CERTIFICATES OF DEPOSIT
	(Cost $4,845,691)		6,459,487
Number of Shares
	SHORT-TERM INVESTMENT - 3.2%
3,977,461	First American Treasury Obligations Fund - Class X, 1.58%6		3,977,461
	(Cost $3,977,461)
	TOTAL INVESTMENTS - 103.7%
	(Cost $134,064,878)		127,347,150
	Liabilities in Excess of Other Assets - (3.7)%		(4,567,492)
	TOTAL NET ASSETS - 100.0%	$	122,779,658

CMT - Constant Maturity Rate

LIBOR - London Inter-bank Offered Rate

PLC - Public Limited Company

SOFR - Secured Overnight Financing Rate

1	Security as defined in Rule 144A under the Securities Act of 1933 and classified as liquid under the Fund’s liquidity risk management program. Purchased in a private placement transaction; resale to the public may require registration or may extend only to qualified institutional buyers. At July 31, 2022, the value of these securities total $13,625,421 which represents 11.10% of total net assets.
2	Foreign security denominated in U.S. Dollars.
3	Variable rate security based on a reference index and spread. The rate reported is the rate in effect as of July 31, 2022.
4	Variable rate security. The coupon is based on an underlying pool of loans. The rate reported is the rate in effect as of July 31, 2022.
5	Step-up bond; the interest rate shown is the rate in effect as of July 31, 2022.
6	The rate is the annualized seven-day yield at period end.

Investments are classified by industry pursuant to the Global Industry Classification Standard (GICS^®), which was developed by and/or is the exclusive property of Morgan Stanley Capital International, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P").  GICS is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.

See accompanying Notes to Schedule of Investments.

North Square McKee Bond Fund
SUMMARY OF INVESTMENTS
As of July 31, 2022
Security Type/Sector		Percent of Total Net Assets
	Asset Backed Securities	7.5%
	Corporate Bonds
	Financials	11.6%
	Consumer Discretionary	2.1%
	Communication Services	1.9%
	Information Technology	1.5%
	Industrials	1.5%
	Consumer Staples	1.2%
	Energy	0.7%
	Health Care	0.7%
	Utilities	0.6%
	Real Estate	0.4%
	Materials	0.2%
	Total Corporate Bonds	22.4%
	Mortgage Backed Securities	35.7%
	U.S. Government Agency Issue	26.3%
	U.S. Government Notes/Bonds	1.6%
	Foreign Government Agency Issue	1.7%
	Certificates of Deposit	5.3%
	Short-Term Investment	3.2%
	Total Investments	103.7%
	Liabilities in Excess of Other Assets	(3.7)%
	Total Net Assets	100.0%

North Square McKee Bond Fund

NOTES TO SCHEDULE OF INVESTMENTS

As of July 31, 2022

Fair Value Measurements and Disclosure

Fair Value Measurements and Disclosures defines fair value, establishes a framework for measuring fair value in accordance with GAAP, and expands disclosure about fair value measurements. It also provides guidance on determining when there has been a significant decrease in the volume and level of activity for an asset or a liability, when a transaction is not orderly, and how that information must be incorporated into a fair value measurement.

Under Fair Value Measurements and Disclosures, various inputs are used in determining the value of the Fund’s investments. These inputs are summarized into three broad Levels as described below:

Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 – Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 – Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.

The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3.

The inputs used to measure fair value may fall into different Levels of the fair value hierarchy. In such cases, for disclosure purposes, the Level in the fair value hierarchy within which the fair value measurement falls in its entirety, is determined based on the lowest Level input that is significant to the fair value measurement in its entirety.

The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. The following is a summary of the inputs used, as of July 31, 2022, in valuing the Fund's assets carried at fair value:

	Level 1		Level 2		Level 3*		Total
Investments
Asset Backed Securities	$	-	$	9,144,024	$	-	$	9,144,024
Corporate Bonds1		-		27,551,683		-		27,551,683
Mortgage Backed Securities		-		43,893,572		-		43,893,572
U.S. Government Agency Issue		-		32,304,608		-		32,304,608
U.S. Government Notes/Bonds		-		1,987,588		-		1,987,588
Foreign Government Agency Issue		-		2,028,727		-		2,028,727
Certificates of Deposit		-		6,459,487		-		6,459,487
Short-Term Investment		3,977,461		-		-		3,977,461
	$	3,977,461	$	123,369,689	$	-	$	127,347,150

1	For a detailed break-out of corporate bonds by major sector and industry classification, please refer to the Schedule of Investments.
*	The Fund did not hold any Level 3 securities at period end.