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      <regFileNumber>811-23373</regFileNumber>
      <regCik>0001750821</regCik>
      <regLei>549300K2CKCXH4E67T58</regLei>
      <regStreet1>10 South LaSalle Street</regStreet1>
      <regStreet2>Suite 1925</regStreet2>
      <regCity>Chicago</regCity>
      <regStateConditional regCountry="US" regState="US-IL"/>
      <regZipOrPostalCode>60603</regZipOrPostalCode>
      <regPhone>3128572160</regPhone>
      <seriesName>North Square Trilogy Alternative Return Fund</seriesName>
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      <seriesLei>549300XN0VPVSODO6I72</seriesLei>
      <repPdEnd>2023-05-31</repPdEnd>
      <repPdDate>2022-11-30</repPdDate>
      <isFinalFiling>N</isFinalFiling>
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      <totLiabs>1963762.700000000000</totLiabs>
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      <assetsInvested>0.000000000000</assetsInvested>
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        <name>Apple Inc</name>
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        <name>Dominion Energy Inc</name>
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        <name>VanEck Fallen Angel High Yield</name>
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      <invstOrSec>
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          <ticker value="SPXW 12 P3750"/>
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      <invstOrSec>
        <name>N/A</name>
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          <ticker value="SPXW 12 P3950"/>
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          <ticker value="SPXW 12 C4000"/>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <ticker value="SPXW 12 C4150"/>
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        <assetCat>DE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Cboe Options Exchange</counterpartyName>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <ticker value="SPXW 12 P3800"/>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Cboe Options Exchange</counterpartyName>
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            <writtenOrPur>Purchased</writtenOrPur>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <ticker value="SPX 12 P3850"/>
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              <counterpartyName>Cboe Options Exchange</counterpartyName>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <ticker value="SPX 12 P4000"/>
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              <counterpartyName>Cboe Options Exchange</counterpartyName>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CBOE S&amp;P PUT OPT 12/22 4025</title>
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          <ticker value="SPX 12 P4025"/>
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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>Cboe Options Exchange</counterpartyName>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <ticker value="SPX 12 P4225"/>
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              <counterpartyName>Cboe Options Exchange</counterpartyName>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <ticker value="SPX 6 C4200"/>
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        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>Cboe Options Exchange</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
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            <descRefInstrmnt>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CBOE S&amp;P PUT OPT 06/23 3125</title>
        <cusip>N/A</cusip>
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          <ticker value="SPX 6 P3125"/>
          <other otherDesc="BBGID" value="BBG011FVVLV6"/>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CBOE S&amp;P CLL OPT 12/22 3900</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SPXW 12 C3900"/>
          <other otherDesc="BBGID" value="BBG01B6Y4204"/>
        </identifiers>
        <balance>10.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>189400.000000000000</valUSD>
        <pctVal>0.6373324622</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Exchange" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>Cboe Options Exchange</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>S&amp;P 500 INDEX</indexName>
                <indexIdentifier>US78378X1072</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <shareNo>100.000000000000</shareNo>
            <exercisePrice>3900.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2022-12-09</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>141887.220000000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CBOE S&amp;P PUT OPT 12/22 3550</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SPXW 12 P3550"/>
          <other otherDesc="BBGID" value="BBG01B6Y44Q2"/>
        </identifiers>
        <balance>10.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>575.000000000000</valUSD>
        <pctVal>0.0019348794</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Exchange" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>Cboe Options Exchange</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>S&amp;P 500 INDEX</indexName>
                <indexIdentifier>US78378X1072</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <shareNo>100.000000000000</shareNo>
            <exercisePrice>3550.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2022-12-09</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-39937.780000000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CBOE S&amp;P PUT OPT 12/22 3750</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SPXW 12 P3750"/>
          <other otherDesc="BBGID" value="BBG01B6Y45X1"/>
        </identifiers>
        <balance>-10.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-1250.000000000000</valUSD>
        <pctVal>-0.0042062597</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Exchange" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>Cboe Options Exchange</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>S&amp;P 500 INDEX</indexName>
                <indexIdentifier>US78378X1072</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <shareNo>100.000000000000</shareNo>
            <exercisePrice>3750.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2022-12-09</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>106837.220000000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>S&amp;P DOW  CLL OPT 12/22 3950</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SPXW 12 C3950"/>
          <other otherDesc="BBGID" value="BBG01BBPC1K8"/>
        </identifiers>
        <balance>-10.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-174400.000000000000</valUSD>
        <pctVal>-0.5868573464</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Exchange" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>Cboe Options Exchange</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>S&amp;P 500 INDEX</indexName>
                <indexIdentifier>US78378X1072</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <shareNo>100.000000000000</shareNo>
            <exercisePrice>3950.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2022-12-23</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-58112.780000000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>S&amp;P DOW  CLL OPT 12/22 4100</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SPXW 12 C4100"/>
          <other otherDesc="BBGID" value="BBG01BBPC1T9"/>
        </identifiers>
        <balance>10.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>75700.000000000000</valUSD>
        <pctVal>0.2547310844</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Exchange" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>Cboe Options Exchange</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>S&amp;P 500 INDEX</indexName>
                <indexIdentifier>US78378X1072</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <shareNo>100.000000000000</shareNo>
            <exercisePrice>4100.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2022-12-23</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>27187.220000000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CBOE S&amp;P PUT OPT 12/22 4000</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SPXW 12 P4000"/>
          <other otherDesc="BBGID" value="BBG0146GGS63"/>
        </identifiers>
        <balance>-10.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-53850.000000000000</valUSD>
        <pctVal>-0.1812056657</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Exchange" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>Cboe Options Exchange</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>S&amp;P 500 INDEX</indexName>
                <indexIdentifier>US78378X1072</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <shareNo>100.000000000000</shareNo>
            <exercisePrice>4000.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2022-12-30</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>51737.220000000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SPDR S&amp;P 500 ETF Trust</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SPY 6 P395"/>
          <other otherDesc="BBGID" value="BBG011NT0GJ1"/>
        </identifiers>
        <balance>50.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>96425.000000000000</valUSD>
        <pctVal>0.3244708694</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>NYSE Arca</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPDR S&amp;P 500 ETF Trust</issuerName>
                <issueTitle>SPDR S&amp;P 500 ETF Trust</issueTitle>
                <identifiers>
                  <cusip value="78462F103"/>
                  <isin value="US78462F1030"/>
                  <ticker value="SPY"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.000000000000</shareNo>
            <exercisePrice>395.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2023-06-16</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-28908.570000000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SPDR S&amp;P 500 ETF Trust</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SPY 12 P405"/>
          <other otherDesc="BBGID" value="BBG00YMKFHL9"/>
        </identifiers>
        <balance>100.000000000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>311250.000000000000</valUSD>
        <pctVal>1.0473586529</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Equity Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>NYSE Arca</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPDR S&amp;P 500 ETF Trust</issuerName>
                <issueTitle>SPDR S&amp;P 500 ETF Trust</issueTitle>
                <identifiers>
                  <cusip value="78462F103"/>
                  <isin value="US78462F1030"/>
                  <ticker value="SPY"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.000000000000</shareNo>
            <exercisePrice>405.000000000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2023-12-15</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>1882.860000000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="The monthly total returns shown in B.5.a do not reflect the deduction of sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2023-01-30</ncom:dateSigned>
      <ncom:nameOfApplicant>North Square Investments Trust</ncom:nameOfApplicant>
      <ncom:signature>/s/ Alan E. Molotsky</ncom:signature>
      <ncom:signerName>Alan E. Molotsky</ncom:signerName>
      <ncom:title>Secretary and Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
