North Square Trilogy Alternative Return Fund
SCHEDULE OF INVESTMENTS
February 28, 2023 (Unaudited)
Number of Shares			Value
		COMMON STOCKS - 36.3%
		CONSUMER DISCRETIONARY - 3.4%
		Hotels, Restaurants & Leisure - 2.3%
	2,403	McDonald’s Corp.	$	634,176
		Specialty Retail - 1.1%
	1,025	The Home Depot, Inc.		303,953
		TOTAL CONSUMER DISCRETIONARY		938,129
		CONSUMER STAPLES - 5.1%
		Food & Staples Retailing - 2.9%
	4,523	Sysco Corp.		337,280
	3,413	Walmart Inc.		485,090
				822,370
		Food Products - 1.1%
	3,744	General Mills, Inc.		297,685
		Household Products - 1.1%
	2,298	Procter & Gamble		316,113
		TOTAL CONSUMER STAPLES		1,436,168
		FINANCIALS - 3.9%
		Banks - 1.8%
	10,791	Truist Financial Corp.		506,637
		Insurance - 2.1%
	8,647	Aflac, Inc.		589,293
		TOTAL FINANCIALS		1,095,930
		HEALTH CARE - 8.5%
		Health Care Equipment & Supplies - 0.9%
	2,581	Abbott Laboratories		262,540
		Pharmaceuticals - 7.6%
	2,607	Eli Lilly and Co.		811,351
	2,097	Johnson & Johnson		321,386
	5,288	Merck & Co., Inc.		561,797
	10,369	Pfizer Inc.		420,670
				2,115,204
		TOTAL HEALTH CARE		2,377,744
		INDUSTRIALS - 6.3%
		Aerospace & Defense - 1.5%
	1,910	L3Harris Technologies, Inc.		403,373
		Commercial Services & Supplies - 2.2%
	4,119	Waste Management, Inc.		616,862
		Machinery - 0.8%
	933	Illinois Tool Works Inc.		217,538
		Trading Companies & Distributors - 1.8%
	756	W.W. Grainger, Inc.		505,333
		TOTAL INDUSTRIALS		1,743,106
		INFORMATION TECHNOLOGY - 5.9%
		Software - 2.6%
	2,902	Microsoft Corp.		723,817
		Technology Hardware, Storage & Peripherals - 3.3%
	6,216	Apple Inc.		916,300
		TOTAL INFORMATION TECHNOLOGY		1,640,117
		UTILITIES - 3.2%
		Electric Utilities - 2.8%
	3,195	Eversource Energy		240,775
	8,526	The Southern Co.		537,650
				778,425
		Multi-Utilities - 0.4%
	2,211	Dominion Energy, Inc.		122,976
		TOTAL UTILITIES		901,401
		TOTAL COMMON STOCKS
		(Cost $3,977,072)		10,132,595
		EXCHANGE TRADED FUNDS (ETFs) - 56.2%
	17,650	iShares® Broad USD High Yield Corporate Bond ETF		617,221
	22,520	iShares® Core Dividend Growth ETF		1,123,973
	26,400	iShares® MBS ETF		2,455,464
	14,782	Schwab® US Dividend Equity ETF		1,101,998
	134,800	SPDR® Portfolio Intermediate Term Corporate Bond ETF		4,305,512
	54,200	SPDR® Portfolio Long-Term Corporate Bond ETF		1,228,172
	83,500	SPDR® Portfolio Short-Term Corporate Bond ETF		2,455,735
	45,500	VanEck Fallen Angel High Yield Bond ETF		1,245,790
	7,434	Vanguard® Dividend Appreciation ETF		1,129,819
		TOTAL ETFs
		(Cost $15,960,782)		15,663,684

Contracts				Notional Amount		Value
			PURCHASED OPTIONS - 11.0%
			CALL OPTIONS - 4.3%
			S&P 500® Index
	10		Expiration Date: March 2023, Exercise Price $4,250.00		3,970,150	$	1,100
	10		Expiration Date: March 2023, Exercise Price $4,100.00		3,970,150		25,450
	10		Expiration Date: March 2023, Exercise Price $4,300.00		3,970,150		25
	10		Expiration Date: March 2023, Exercise Price $4,250.00		3,970,150		225
	10		Expiration Date: June 2023, Exercise Price $4,200.00		3,970,150		67,100
	15		Expiration Date: December 2023, Exercise Price $3,700.00		5,955,225		775,950
	10		Expiration Date: December 2023, Exercise Price $4,000.00		3,970,150		315,950
							1,185,800
			PUT OPTIONS - 6.7%
			S&P 500® Index
	10		Expiration Date: March 2023, Exercise Price $3,900.00		3,970,150		39,700
	10		Expiration Date: March 2023, Exercise Price $3,900.00		3,970,150		25,200
	10		Expiration Date: March 2023, Exercise Price $3,950.00		3,970,150		21,050
	5		Expiration Date: March 2023, Exercise Price $3,950.00		1,985,075		39,150
	10		Expiration Date: March 2023, Exercise Price $3,750.00		3,970,150		20,250
	10		Expiration Date: June 2023, Exercise Price $4,175.00		3,970,150		244,200
	10		Expiration Date: June 2023, Exercise Price $4,025.00		3,970,150		168,450
	20		Expiration Date: June 2023, Exercise Price $3,975.00		7,940,300		296,600
	10		Expiration Date: June 2023, Exercise Price $3,500.00		3,970,150		38,800
	10		Expiration Date: June 2023, Exercise Price $4,000.00		3,970,150		158,050
	5		Expiration Date: December 2023, Exercise Price $3,525.00		1,985,075		55,225
	5		Expiration Date: December 2023, Exercise Price $3,825.00		1,985,075		89,825
	5		Expiration Date: December 2023, Exercise Price $3,450.00		1,985,075		48,575
	5		Expiration Date: December 2023, Exercise Price $3,300.00		1,985,075		37,400
	5		Expiration Date: June 2024, Exercise Price $3,650.00		1,985,075		91,525
	5		Expiration Date: June 2024, Exercise Price $3,525.00		1,985,075		77,950
	5		Expiration Date: June 2024, Exercise Price $3,450.00		1,985,075		70,450
			SPDR® S&P 500® ETF Trust
	50		Expiration Date: June 2023, Exercise Price $395.00		1,981,300		73,625
	100		Expiration Date: December 2023, Exercise Price $405.00		3,962,600		272,000
							1,868,025
			TOTAL PURCHASED OPTIONS
			(Cost $4,771,134)				3,053,825
Number of Shares						Value
			SHORT TERM INVESTMENT - 1.5%
	406,923		First American Treasury Obligations Fund - Class X, 4.48%1				406,923
			TOTAL SHORT-TERM INVESTMENT
			(Cost $406,923)				406,923
			TOTAL INVESTMENTS - 105.0%
			(Cost $25,115,911)				29,257,027
			Liabilities in Excess of Other Assets - (5.0)%				(1,387,528	)
			TOTAL NET ASSETS - 100.0%			$	27,869,499
		1	The rate is 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.

North Square Trilogy Alternative Return Fund
SCHEDULE OF OPTIONS WRITTEN
As of February 28, 2023 (Unaudited)
Contracts			Notional Amount		Value
		CALL OPTIONS
		S&P 500® Index
	10	Expiration: March 2023, Exercise Price: $4,100.00	$	4,100,000	$	14,400
	10	Expiration: March 2023, Exercise Price: $4,150.00		4,150,000		75
	10	Expiration: March 2023, Exercise Price: $4,100.00		4,100,000		6,200
	10	Expiration: March 2023, Exercise Price: $3,950.00		3,950,000		93,150
	25	Expiration: March 2023, Exercise Price: $4,075.00		10,187,500		100,125
	10	Expiration: April 2023, Exercise Price: $4,050.00		4,050,000		56,350
	5	Expiration: December 2024, Exercise Price: $4,600.00		2,300,000		113,150
						383,450
		PUT OPTIONS
		S&P 500® Index
	10	Expiration: March 2023, Exercise Price: $4,150.00		4,150,000		185,250
	10	Expiration: March 2023, Exercise Price: $4,100.00		4,100,000		139,300
	10	Expiration: March 2023, Exercise Price: $3,950.00		3,950,000		71,850
	5	Expiration: March 2023, Exercise Price: $3,625.00		1,812,500		6,050
	10	Expiration: March 2023, Exercise Price: $4,100.00		4,100,000		145,400
	10	Expiration: June 2023, Exercise Price: $3,125.00		3,125,000		14,200
	20	Expiration: June 2023, Exercise Price: $3,525.00		7,050,000		83,700
	10	Expiration: June 2023, Exercise Price: $3,550.00		3,550,000		45,050
	10	Expiration: June 2023, Exercise Price: $3,575.00		3,575,000		48,550
	10	Expiration: June 2023, Exercise Price: $3,700.00		3,700,000		70,350
	5	Expiration: December 2023, Exercise Price: $2,925.00		1,462,500		19,600
	5	Expiration: December 2023, Exercise Price: $3,050.00		1,525,000		24,225
	5	Expiration: December 2023, Exercise Price: $3,125.00		1,562,500		27,625
	5	Expiration: December 2023, Exercise Price: $3,400.00		1,700,000		44,600
	5	Expiration: June 2024, Exercise Price: $3,075.00		1,537,500		41,475
	5	Expiration: June 2024, Exercise Price: $3,125.00		1,562,500		44,575
	5	Expiration: June 2024, Exercise Price: $3,250.00		1,625,000		53,375
						1,065,175
		TOTAL WRITTEN OPTIONS
		(Premium Received $2,570,265)			$	1,448,625

North Square Trilogy Alternative Return Fund
SUMMARY OF INVESTMENTS
As of February 28, 2023 (Unaudited)
Security Type/Sector	Percent of Total Net Assets
Common Stocks
Health Care		8.5	%
Industrials		6.3	%
Information Technology		5.9	%
Consumer Staples		5.1	%
Financials		3.9	%
Consumer Discretionary		3.4	%
Utilities		3.2	%
Total Common Stocks		36.3	%
ETFs		56.2	%
Purchased Options
Call Options		4.3	%
Put Options		6.7	%
Total Purchased Options		11.0	%
Short Term Investment		1.5	%
Total Investments		105.0	%
Liabilities in Excess of Other Assets		(5.0	)%
Total Net Assets		100.0	%

North Square Trilogy Alternative Return Fund

NOTES TO SCHEDULE OF INVESTMENTS

As of February 28, 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 February 28, 2023, in valuing the Fund’s assets carried at fair value:

	Level 1		Level 2		Level 3*		Total
Investments
Common Stocks1	$	10,132,595	$	-	$	-	$	10,132,595
ETFs		15,663,684		-		-		15,663,684
Purchased Options		-		3,053,825		-		3,053,825
Short Term Investment		406,923		-		-		406,923
Total Investments	$	26,203,202	$	3,053,825	$	-	$	29,257,027
Written Options	$	-	$	1,448,625	$	-	$	1,448,625

1	For a detailed break-out of these securities 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.