North Square McKee Bond Fund
SCHEDULE OF INVESTMENTS
As of January 31, 2023 (Unaudited)

Principal Amount			Value
	ASSET BACKED SECURITIES - 4.2%
	Aligned Data Centers Issuer LLC
400,000	1.937%, 08/15/2046¹	$	355,661
	American Credit Acceptance Receivables Trust 2021-2
446,000	1.340%, 07/13/2027¹		417,865
	AMSR 2019-SFR1 Trust
500,000	2.774%, 01/20/2039¹		460,108
	AMSR 2021-SFR2 Trust
200,000	1.527%, 08/19/2038¹		176,935
	Amur Equipment Finance Receivables IX LLC
44,346	0.750%, 11/20/2026¹		42,923
	Amur Equipment Finance Receivables X LLC
785,000	2.200%, 01/20/2028¹		725,533
	Burlington Northern and Santa Fe Railway Co 2006-1 Pass Through Trust
16,447	5.720%, 01/15/2024		16,503
	Exeter Automobile Receivables Trust 2021-3
246,330	0.690%, 01/15/2026		242,893
	FedEx Corp 2020-1 Class AA Pass Through Trust
511,720	1.875%, 08/20/2035		424,827
	Flagship Credit Auto Trust 2021-3
50,962	0.360%, 07/15/2027¹		49,454
	GM Financial Automobile Leasing Trust 2021-3
366	0.240%, 12/20/2023		365
	MMAF Equipment Finance LLC 2018-A
68,889	3.390%, 01/10/2025¹		68,752
	NMEF Funding 2022-B LLC
350,000	6.070%, 06/15/2029¹		351,713
	Oportun Funding XIV LLC
100,000	1.210%, 03/08/2028¹		93,898
	Oscar US Funding X LLC
171,890	3.270%, 05/11/2026^1,2		169,964
	Oscar US Funding XII LLC
110,000	0.700%, 04/10/2025^1,2		106,923
	Santander Retail Auto Lease Trust 2021-C
225,373	0.500%, 03/20/2025¹		220,710
	Tricon Residential 2022-SFR2 Trust
528,000	3.856%, 04/19/2039¹		505,053
	Union Pacific Railroad Co 2005 Pass Through Trust
17,322	5.082%, 01/02/2029		17,562
	VMC Finance 2021-FL4 LLC
247,554	5.570% (1 Month LIBOR USD + 1.100%), 06/18/2036^1,3		233,669
	Westlake Automobile Receivables Trust 2021-1
6,301	0.390%, 10/15/2024¹		6,289
	World Omni Auto Receivables Trust 2019-C
57,045	1.960%, 12/15/2024		56,691
	TOTAL ASSET BACKED SECURITIES
	(Cost $5,068,461)		4,744,291

Number of Shares
	CORPORATE BONDS - 28.5%

	COMMUNICATION SERVICES - 1.4%
	Diversified Telecommunication Services - 1.2%
	AT&T Inc.
94,000	1.700%, 03/25/2026		86,313
	Verizon Communications Inc.
656,000	2.100%, 03/22/2028		585,327
161,000	1.750%, 01/20/2031		129,787
775,000	2.650%, 11/20/2040		560,392
			1,361,819
	Entertainment - 0.2%
	The Walt Disney Co.
325,000	3.500%, 05/13/2040		278,539
	TOTAL COMMUNICATION SERVICES		1,640,358

	CONSUMER DISCRETIONARY - 1.7%
	Automobiles - 0.7%
	American Honda Finance Corp.
218,000	2.000%, 03/24/2028		194,186
	General Motors Financial Co, Inc.
614,000	4.300%, 04/06/2029		574,582
			768,768
	Hotels, Restaurants & Leisure - 0.2%
	McDonald's Corp.
215,000	3.600%, 07/01/2030		203,297
	Internet & Direct Marketing Retail - 0.7%
	Amazon.com, Inc.
718,000	4.650%, 12/01/2029		731,128
	Specialty Retail - 0.1%
	The Home Depot, Inc.
178,000	2.950%, 06/15/2029		165,363
	TOTAL CONSUMER DISCRETIONARY		1,868,556

	CONSUMER STAPLES - 0.9%
	Food & Staples Retailing - 0.1%
	Walmart, Inc.
191,000	2.500%, 09/22/2041		146,404
	Tobacco - 0.8%
	Altria Group, Inc.
202,000	4.800%, 02/14/2029		200,000
	B.A.T. Capital Corp.
254,000	2.259%, 03/25/2028		218,575
257,000	4.906%, 04/02/2030		243,707
	Philip Morris International, Inc.
170,000	5.625%, 11/17/2029		177,649
			839,931
	TOTAL CONSUMER STAPLES		986,335

	ENERGY - 1.8%
	Oil, Gas & Consumable Fuels - 1.8%
	Chevron Corp.
500,000	3.078%, 05/11/2050		390,318
	Enterprise Products Operating LLC
250,000	4.800%, 02/01/2049		232,010
	Exxon Mobil Corp.
738,000	4.227%, 03/19/2040		706,088
	EXXON MOBIL Corp.
312,000	4.327%, 03/19/2050		292,392
	Shell International Finance B.V.
403,000	2.375%, 11/07/2029²		361,322
	TOTAL ENERGY		1,982,130

	FINANCIALS - 15.6%
	Banks - 6.1%
	Bank of America Corp.
1,352,000	1.658% (SOFR + 0.910%), 03/11/2027³		1,221,501
	Bank of Montreal
170,000	1.850%, 05/01/2025²		159,603
	The Bank of Nova Scotia
414,000	1.300%, 06/11/2025²		382,464
	Canadian Imperial Bank of Commerce
457,000	3.600%, 04/07/2032²		420,899
	Citigroup Inc.
80,000	3.070% (SOFR + 1.280%), 02/24/2028³		74,407
	F.N.B. Corp. of Pennsylvania
249,000	2.200%, 02/24/2023		248,456
	Federation des caisses Desjardins du Quebec
220,000	2.050%, 02/10/2025^1,2		206,814
	FNB Corp/PA
198,000	5.150%, 08/25/2025		197,351
	JPMorgan Chase & Co.
323,000	2.005% (SOFR + 1.585%), 03/13/2026³		303,949
289,000	1.578% (SOFR + 0.885%), 04/22/2027³		259,850
160,000	1.953% (SOFR + 1.065%), 02/04/2032³		128,693
	PNC Financial Services Group, Inc.
310,000	6.037% (SOFR + 2.140%), 10/28/2033³		335,337
170,000	5.068% (SOFR + 1.933%), 01/24/2034³		171,613
	The Toronto-Dominion Bank
282,000	1.250%, 09/10/2026²		250,449
835,000	2.000%, 09/10/2031²		684,515
	US Bancorp
771,000	5.850% (SOFR + 2.090%), 10/21/2033³		828,721
236,000	4.839% (SOFR + 1.600%), 02/01/2034³		234,699
	Wells Fargo & Co.
779,000	3.526% (SOFR + 1.510%), 03/24/2028³		741,199
			6,850,520
	Capital Markets - 2.5%
	The Goldman Sachs Group, Inc.
1,137,000	1.431% (SOFR + 0.798%), 03/09/2027³		1,019,229
1,019,000	1.992% (SOFR + 1.090%), 01/27/2032³		816,282
	Morgan Stanley
349,000	0.790% (SOFR + 0.525%), 05/30/2025³		327,778
695,000	1.593% (SOFR + 0.879%), 05/04/2027³		624,408
			2,787,697
	Consumer Finance - 0.7%
	Capital One Financial Corp.
851,000	1.878% (SOFR + 0.855%), 11/02/2027³		753,749
	Thrifts & Mortgage Finance - 6.3%
	Federal Agricultural Mortgage Corp.
585,000	4.170%, 05/24/2029		565,840
	Federal Home Loan Mortgage Corp.
1,917,000	0.800%, 10/28/2026		1,699,083
	Federal National Mortgage Association
1,900,000	1.600%, 08/24/2035		1,383,562
4,650,000	1.630%, 09/14/2035		3,393,798
			7,042,283
	TOTAL FINANCIALS		17,434,249

	HEALTH CARE - 0.2%
	Health Care Providers & Services - 0.2%
	CVS Health Corp.
276,000	1.750%, 08/21/2030		223,698
	TOTAL HEALTH CARE		223,698

	INDUSTRIALS - 1.2%
	Aerospace & Defense - 0.9%
	The Boeing Co.
1,005,000	4.875%, 05/01/2025		1,005,493

	Road & Rail - 0.3%
	BNSF Railway Co 2015-1 Pass Through Trust
185,218	3.442%, 06/16/2028¹		177,736
	Union Pacific Railroad Co 2014-1 Pass Through Trust
144,236	3.227%, 05/14/2026		138,522
			316,258
	TOTAL INDUSTRIALS		1,321,751

	INFORMATION TECHNOLOGY - 1.7%
	IT Services - 0.1%
	International Business Machines Corp.
200,000	1.700%, 05/15/2027		179,293
	Semiconductors & Semiconductor Equipment - 0.1%
	Intel Corp.
87,000	4.150%, 08/05/2032		83,159
	Software - 0.7%
	Oracle Corp.
397,000	2.300%, 03/25/2028		354,846
575,000	3.600%, 04/01/2040		456,210
			811,056
	Technology Hardware, Storage & Peripherals - 0.8%
	Apple, Inc.
850,000	4.650%, 02/23/2046		857,468
	TOTAL INFORMATION TECHNOLOGY		1,930,976

	MATERIALS - 0.3%
	Chemicals - 0.3%
	DuPont de Nemours, Inc.
306,000	4.493%, 11/15/2025		305,794
	TOTAL MATERIALS		305,794

	TRANSPORTATION AND WAREHOUSING - 0.6%
	Rail Transportation - 0.6%
	Burlington Northern Santa Fe LLC
725,000	4.550%, 09/01/2044		701,711
	TOTAL TRANSPORTATION AND WAREHOUSING		701,711

	UTILITIES - 3.1%
	Electric Utilities - 2.7%
	Duke Energy Carolinas LLC
1,200,000	5.300%, 02/15/2040		1,249,635
	Consolidated Edison Co of New York, Inc.
450,000	4.650%, 12/01/2048		420,234
	Alabama Power Co.
375,000	3.450%, 10/01/2049		289,588
	Duke Energy Corp.
151,000	2.450%, 06/01/2030		129,296
	MidAmerican Energy Co.
1,000,000	4.250%, 07/15/2049		911,104
			2,999,857
	Multi-Utilities - 0.4%
	Dominion Energy, Inc.
510,000	5.375%, 11/15/2032		525,204
	TOTAL UTILITIES		3,525,061

	TOTAL CORPORATE BONDS
	(Cost $25,607,200)		31,920,619

Principal Amount
	FOREIGN GOVERNMENT AGENCY ISSUES - 1.7%
	International Bank for Reconstruction and Development
712,000	0.650%, 02/24/2026²		642,264
1,524,000	2.700%, 12/28/2037²		1,233,134
	TOTAL FOREIGN GOVERNMENT AGENCY ISSUES
	(Cost $2,204,967)		1,875,398

	MORTGAGE BACKED SECURITIES - 30.2%
	BBCMS Mortgage Trust 2022-C14
199,460	1.727%, 02/18/2055		186,373
	COMM 2012-CCRE4 Mortgage Trust
19,234	2.853%, 10/17/2045		18,508
	DBUBS 2017-BRBK Mortgage Trust
300,000	3.452%, 10/12/2034¹		283,881
	Ellington Financial Mortgage Trust 2020-1
185,347	2.006%, 05/25/2065^1,4		179,783
	EQUS 2021-EQAZ Mortgage Trust
599,988	5.214% (1 Month LIBOR USD + 0.755%), 10/15/2036^1,3		584,268
	Fannie Mae Pool
40,103	2.500%, 08/01/2028		38,431
30,162	5.000%, 11/01/2029		30,890
9,743	4.000%, 10/01/2030		9,707
84,827	4.500%, 05/01/2031		86,357
71,071	4.000%, 09/01/2031		70,812
32,269	4.500%, 01/01/2032		32,851
20,732	3.500%, 04/01/2032		20,594
280,197	3.000%, 05/01/2033		270,869
76,193	4.500%, 05/01/2034		77,195
94,376	4.000%, 06/01/2034		93,567
132,060	3.500%, 08/01/2034		129,881
107,422	3.500%, 12/01/2034		105,649
100,550	4.000%, 11/01/2035		100,184
48,369	3.500%, 11/01/2035		47,571
111,400	4.000%, 07/01/2037		110,444
107,062	3.500%, 12/01/2037		103,440
107,173	4.000%, 12/01/2037		106,783
75,253	4.000%, 06/01/2038		75,166
3,386	4.000%, 03/01/2039		3,348
45,020	4.500%, 01/01/2040		45,795
296,075	3.000%, 01/01/2040		279,242
35,416	4.500%, 01/01/2040		35,860
11,260	4.500%, 07/01/2040		11,454
326,211	2.000%, 08/01/2040		286,922
77,344	4.000%, 09/01/2040		75,750
18,098	4.500%, 09/01/2040		18,409
3,667	4.000%, 09/01/2040		3,627
210,700	2.500%, 10/01/2040		191,599
336,582	3.000%, 10/01/2040		317,004
252,386	2.000%, 11/01/2040		221,988
13,913	4.500%, 11/01/2040		13,940
30,996	4.500%, 12/01/2040		31,441
155,224	2.000%, 01/01/2041		136,525
5,610	4.000%, 01/01/2041		5,548
29,385	4.000%, 01/01/2041		29,059
53,083	4.000%, 01/01/2041		52,496
426,339	2.500%, 02/01/2041		381,061
370,360	1.500%, 03/01/2041		311,746
232,187	2.500%, 03/01/2041		211,117
76,798	4.500%, 04/01/2041		78,120
19,064	4.500%, 05/01/2041		19,356
488,051	2.500%, 09/01/2041		442,552
498,459	2.500%, 10/01/2041		453,531
9,104	4.000%, 10/01/2041		9,065
310,172	2.500%, 11/01/2041		281,252
19,851	3.000%, 09/01/2042		18,690
185,081	3.000%, 04/01/2043		171,192
110,774	3.500%, 07/01/2043		106,813
40,732	3.500%, 01/01/2044		39,272
368,754	3.000%, 04/01/2045		346,590
33,550	3.500%, 12/01/2045		32,171
167,979	4.500%, 03/01/2046		170,868
100,236	3.000%, 04/01/2046		93,208
176,440	2.500%, 05/01/2046		157,361
135,726	3.000%, 06/01/2046		127,799
94,592	3.500%, 06/01/2046		90,676
67,315	3.000%, 10/01/2046		62,495
6,123	3.000%, 11/01/2046		5,701
179,305	3.000%, 02/01/2047		166,206
754,822	2.500%, 11/01/2047		673,253
273,125	2.500%, 12/01/2047		243,611
49,415	3.500%, 03/01/2048		47,193
107,405	3.000%, 04/01/2048		99,403
196,788	2.500%, 04/01/2048		175,523
110,875	3.500%, 08/01/2048		105,584
314,152	3.500%, 08/01/2048		298,557
100,522	3.500%, 11/01/2048		95,911
8,700	4.500%, 11/01/2048		8,749
131,040	3.000%, 12/01/2048		121,420
43,972	3.000%, 02/01/2049		40,654
18,418	3.500%, 02/01/2049		17,581
524,527	3.500%, 09/01/2049		489,544
96,912	3.000%, 12/01/2049		89,294
392,077	2.500%, 04/01/2050		341,010
281,455	2.500%, 05/01/2050		243,052
147,277	3.500%, 08/01/2050		142,490
132,376	2.500%, 10/01/2050		118,648
318,968	2.000%, 03/01/2051		274,675
1,345,582	2.500%, 07/01/2051		1,191,454
311,117	4.000%, 08/01/2051		303,127
802,456	2.500%, 08/01/2051		706,144
592,222	2.500%, 09/01/2051		520,659
1,879,188	2.500%, 10/01/2051		1,649,343
512,358	2.500%, 10/01/2051		451,341
	Fannie Mae REMICS
17,920	5.500%, 01/25/2026		17,816
101,732	4.000%, 04/25/2033		100,431
225,000	4.000%, 09/25/2033		219,536
4,006	5.000%, 08/25/2035		4,079
228,000	3.500%, 10/25/2037		219,015
644	2.000%, 07/25/2041		632
39,848	2.000%, 12/25/2041		36,501
119,351	3.500%, 02/25/2043		114,199
99,438	2.000%, 02/25/2043		90,495
6,168	3.500%, 08/25/2043		6,050
94,250	2.000%, 10/25/2044		88,513
71,311	2.000%, 10/25/2044		64,168
39,906	3.000%, 04/25/2045		37,767
82,614	2.500%, 01/25/2048		72,121
86,120	3.500%, 09/25/2048		82,742
568,760	2.000%, 04/25/2049		494,583
68,467	3.000%, 07/25/2049		63,071
10,165	3.500%, 06/25/2053		9,892
	Fannie Mae Trust 2003-W8
14,578	4.856% (1 Month LIBOR USD + 0.350%), 05/25/2042³		14,431
	Fannie Mae-Aces
47,474	3.501%, 01/25/2024⁴		46,681
	Freddie Mac Gold Pool
67,365	4.500%, 05/01/2031		68,647
5,855	4.000%, 09/01/2031		5,839
41,359	3.500%, 06/01/2033		40,717
109,938	4.000%, 11/01/2033		109,647
14,056	3.500%, 07/01/2036		13,765
23,893	4.500%, 12/01/2039		24,329
23,009	4.000%, 01/01/2041		22,777
42,723	3.000%, 11/01/2042		40,266
91,631	3.500%, 12/01/2042		88,617
337,641	3.000%, 12/01/2046		313,401
260,683	3.000%, 12/01/2046		242,157
65,100	3.000%, 01/01/2047		60,403
	Freddie Mac Multifamily Structured Pass Through Certificates
12,944	3.342%, 01/25/2046⁴		12,865
	Freddie Mac Pool
337,602	3.000%, 07/01/2038		321,027
433,948	3.000%, 09/01/2039		409,803
166,159	2.500%, 04/01/2042		149,029
432,868	3.000%, 05/01/2042		400,354
34,260	3.500%, 01/01/2048		32,754
1,111,859	3.500%, 06/01/2049		1,060,170
258,815	2.500%, 11/01/2050		228,734
336,788	2.000%, 02/01/2051		284,993
496,051	2.500%, 03/01/2051		440,282
625,229	2.500%, 09/01/2051		552,624
320,969	3.500%, 10/01/2051		302,536
408,343	2.000%, 11/01/2051		344,652
541,424	3.000%, 12/01/2051		493,014
	Freddie Mac REMICS
14,567	4.500%, 09/15/2025		14,466
137,330	3.500%, 08/15/2027		134,529
160,342	3.000%, 08/15/2040		155,445
146,731	2.000%, 09/15/2041		136,454
15,573	2.000%, 12/15/2041		14,348
318,753	2.000%, 11/15/2042		292,970
65,773	3.000%, 05/15/2043		63,539
27,148	3.000%, 11/15/2043		26,435
95,045	2.000%, 03/25/2044		87,344
194,518	3.000%, 08/15/2044		185,923
304,326	3.000%, 06/25/2048		284,243
136,659	1.000%, 04/25/2049		115,751
55,783	1.000%, 01/25/2050		43,214
202,756	3.250%, 04/15/2053⁵		196,536
42,955	3.000%, 01/15/2055		41,415
	Freddie Mac STACR REMIC Trust 2021-DNA3
49,180	5.060% (SOFR30A + 0.750%), 10/25/2033^1,3		48,886
	Freddie Mac Structured Agency Credit Risk Debt Notes
8,268	5.110% (SOFR30A + 0.800%), 08/25/2033^1,3		8,256
	Freddie Mac Structured Pass-Through Certificates
103,826	3.827% (12 Month US Treasury Average + 1.400%), 07/25/2044³		99,691
16,357	3.627% (12 Month US Treasury Average + 1.200%), 10/25/2044³		15,542
	Government National Mortgage Association
344	5.000%, 12/20/2027		341
54,363	5.500%, 09/20/2033		54,685
116,751	2.750%, 06/20/2042		112,365
209,000	3.000%, 01/20/2043		188,879
30,015	2.200%, 11/16/2043		29,392
9,554	2.250%, 09/16/2044		9,217
30,236	2.000%, 03/20/2045		27,159
10,833	2.500%, 10/20/2045		10,353
20,127	2.500%, 09/20/2046		18,919
400,770	2.000%, 03/20/2050		351,869
145,814	1.000%, 08/20/2050		113,913
175,141	1.250%, 05/20/2051		139,581
1,820,106	1.750%, 09/20/2051		1,609,516
	GS Mortgage Securities Corp Trust 2021-RENT
544,360	5.208% (1 Month LIBOR USD + 0.700%), 11/21/2035^1,3		511,979
	GS Mortgage Securities Corp Trust 2021-ROSS
310,000	5.610% (1 Month LIBOR USD + 1.150%), 06/16/2036^1,3		292,675
	ILPT Trust 2019-SURF
145,000	4.145%, 02/13/2041¹		135,480
	JP Morgan Chase Commercial Mortgage Securities Trust 2016-JP2
124,000	2.822%, 08/17/2049		115,660
	Morgan Stanley Capital I Trust 2015-UBS8
168,000	3.809%, 12/17/2048		162,080
	Morgan Stanley Capital I Trust 2016-UBS12
413,000	3.596%, 12/17/2049		389,603
	Morgan Stanley Capital I Trust 2016-UBS9
337,000	3.594%, 03/17/2049		322,981
	PSMC 2020-3 Trust
925,000	3.000%, 11/25/2050^1,4		774,239
	RLGH Trust 2021-TROT
430,000	5.260% (1 Month LIBOR USD + 0.800%), 04/15/2036^1,3		419,465
	Seasoned Credit Risk Transfer Trust
84,720	2.000%, 11/25/2060		75,780
	UBS Commercial Mortgage Trust
334,000	2.921%, 10/18/2052		297,168
	Wells Fargo Commercial Mortgage Trust 2016-C35
160,000	2.931%, 07/17/2048		149,516
	Wells Fargo Commercial Mortgage Trust 2016-NXS6
437,000	2.918%, 11/18/2049		409,078
	Wells Fargo Commercial Mortgage Trust 2017-RB1
351,000	3.635%, 03/15/2050		333,020
	Wells Fargo Commercial Mortgage Trust 2021-SAVE
222,710	5.609% (1 Month LIBOR USD + 1.150%), 02/15/2040^1,3		214,068
	TOTAL MORTGAGE BACKED SECURITIES
	(Cost $37,675,193)		33,828,366

	U.S. GOVERNMENT AGENCY ISSUE - 32.9%
	Federal Farm Credit Banks Funding Corp.
1,461,000	3.940%, 07/27/2026		1,428,996
1,375,000	2.280%, 02/14/2028		1,255,983
2,000,000	1.300%, 09/20/2028		1,723,292
437,000	5.940%, 11/17/2028		436,426
585,000	2.750%, 03/07/2029		534,348
710,000	1.370%, 03/20/2029		601,057
700,000	6.300%, 11/15/2029		699,659
705,000	1.230%, 07/29/2030		567,814
465,000	4.330%, 06/02/2031		445,930
2,254,000	2.150%, 12/01/2031		1,893,703
695,000	2.200%, 12/09/2031		585,964
687,000	2.950%, 02/17/2032		613,007
247,000	2.940%, 02/23/2032		220,199
1,849,000	3.000%, 03/08/2032		1,654,174
317,000	4.370%, 05/17/2032		304,398
463,000	4.350%, 06/01/2032		444,157
1,516,000	4.700%, 06/29/2032		1,472,510
600,000	4.980%, 07/20/2032		587,680
3,050,000	2.390%, 01/19/2033		2,569,156
1,378,000	2.480%, 02/01/2034		1,147,449
1,280,000	2.550%, 12/21/2034		1,056,007
1,355,000	3.250%, 02/23/2035		1,190,359
1,706,000	3.360%, 02/23/2037		1,482,526
	Federal Home Loan Banks
1,043,250	1.000%, 03/23/2026		947,544
1,640,000	1.000%, 11/23/2026⁵		1,517,684
1,410,000	1.250%, 12/22/2026⁵		1,308,078
1,170,000	3.000%, 04/29/2027⁵		1,146,197
595,000	4.700%, 06/30/2027		588,172
100,000	0.500%, 08/26/2027⁵		90,678
250,000	2.640%, 02/25/2032		218,232
685,000	2.750%, 02/22/2034		584,081
5,335,000	2.325%, 10/14/2036		4,149,580
360,000	2.900%, 02/18/2037		298,082
1,270,000	3.000%, 02/24/2037		1,063,051
165,000	6.050%, 10/13/2037		165,008
	Ginnie Mae I Pool
677,767	4.500%, 04/15/2023		638,612
	Ginnie Mae II Pool
1,222,003	3.500%, 04/20/2027		1,177,579
	TOTAL U.S. GOVERNMENT AGENCY ISSUE
	(Cost $44,126,239)		36,807,372

	U.S. GOVERNMENT NOTES/BONDS - 1.5%
	United States Treasury Note/Bond
1,025,000	2.875%, 05/15/2052		883,582
682,000	3.000%, 08/15/2052		603,623
217,000	3.875%, 12/31/2027		219,475
	TOTAL U.S. GOVERNMENT NOTES/BONDS
	(Cost $1,673,825)		1,706,680

	SHORT-TERM INVESTMENT - 0.7%
743,694	First American Treasury Obligations Fund - Class X, 4.24%⁶		743,694
	TOTAL SHORT-TERM INVESTMENT		743,694
	(Cost $743,694)
	TOTAL INVESTMENTS - 99.7%
	(Cost $119,070,494)		111,626,420
	Other Assets in Excess of Liabilities - 0.3%		308,425
	TOTAL NET ASSETS - 100.0%	$	111,934,845

	LIBOR - London Inter-bank Offered Rate
	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 January 31, 2023, the value of these securities total $7,822,981 which represents 6.99% 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 January 31, 2023.
	⁴		Variable rate security. The coupon is based on an underlying pool of loans. The rate reported is the rate in effect as of January 31, 2023.
	⁵		Step-up bond; the interest rate shown is the rate in effect as of January 31, 2023.
	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 January 31, 2023 (Unaudited)


Security Type/Sector		Percent of Total Net Assets
Asset Backed Securities		4.2%
Corporate Bonds
Financials		15.6%
Utilities		3.1%
Energy		1.8%
Consumer Discretionary		1.7%
Information Technology		1.7%
Communication Services		1.4%
Industrials		1.2%
Consumer Staples		0.9%
Transportation and Warehousing		0.6%
Materials		0.3%
Health Care		0.2%
Total Corporate Bonds		28.5%
Foreign Government Agency Issues		1.7%
Mortgage Backed Securities		30.2%
U.S. Government Agency Issues		32.9%
U.S. Government Notes/Bonds		1.5%
Short-Term Investment		0.7%
Total Investments		99.7%
Other Assets in Excess of Liabilities		0.3%
Total Net Assets		100.0%

See accompanying Notes to Schedule of Investments

North Square McKee Bond Fund
NOTES TO SCHEDULE OF INVESTMENTS
As of January 31, 2023 (Unaudited)

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 January 31, 2023, in valuing the Fund’s assets carried at fair value:

	Level 1		Level 2		Level 3*		Total
Investments
Asset Backed Securities	$	-	$	4,744,291	$	-	$	4,744,291
Corporate Bonds¹		-		31,920,619		-		31,920,619
Foreign Government Agency Issues		-		1,875,398		-		1,875,398
Mortgage Backed Securities		-		33,828,366		-		33,828,366
U.S. Government Agency Issues		-		36,807,372		-		36,807,372
U.S. Government Notes/Bonds		-		1,706,680		-		1,706,680
Short-Term Investment		743,694		-		-		743,694
Total Investments	$	743,694	$	110,882,726	$	-	$	111,626,420

For a detailed break-out of corporate bonds by sector and industry classification, please refer to the Schedule of Investments.

The Fund did not hold any Level 3 securities at period end.