0001750821 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063483Member ck0001750821:C000205671Member 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063483Member ck0001750821:C000205673Member 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063488Member ck0001750821:C000205685Member 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063485Member ck0001750821:C000205678Member 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063485Member ck0001750821:C000205677Member 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070728Member ck0001750821:C000224838Member 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070728Member ck0001750821:C000224836Member 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070728Member ck0001750821:C000224837Member 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063486Member ck0001750821:C000205680Member 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063486Member ck0001750821:C000205679Member 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070729Member ck0001750821:C000224841Member 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070729Member ck0001750821:C000224840Member 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070729Member ck0001750821:C000224839Member 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063487Member ck0001750821:C000205681Member 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063487Member ck0001750821:C000205683Member 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070730Member ck0001750821:C000224844Member 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070730Member ck0001750821:C000224842Member 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070730Member ck0001750821:C000224843Member 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063483Member 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063483Member rr:RiskLoseMoneyMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063483Member rr:RiskNotInsuredDepositoryInstitutionMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063483Member rr:AfterTaxesOnDistributionsMember ck0001750821:C000205673Member 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063483Member rr:AfterTaxesOnDistributionsAndSalesMember ck0001750821:C000205673Member 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063483Member ck0001750821:Russell2000TotalReturnIndexRreflectsNoDeductionForFeesExpensesOrTaxes2Member 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063483Member ck0001750821:Russell2000IndexReflectsNoDeductionForFeesExpensesOrTaxesMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063485Member 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063485Member rr:RiskLoseMoneyMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063485Member rr:RiskNotInsuredDepositoryInstitutionMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063485Member rr:AfterTaxesOnDistributionsMember ck0001750821:C000205677Member 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063485Member ck0001750821:Russell2000TotalReturnIndexReflectsNoDeductionForFeesExpensesOrTaxesMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063486Member 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063486Member rr:RiskLoseMoneyMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063486Member rr:RiskNotInsuredDepositoryInstitutionMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063486Member rr:AfterTaxesOnDistributionsMember ck0001750821:C000205679Member 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063486Member rr:AfterTaxesOnDistributionsAndSalesMember ck0001750821:C000205679Member 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063486Member ck0001750821:Russell2000GrowthTotalReturnIndexReflectsNoDeductionForFeesExpensesOrTaxesMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063487Member 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063487Member rr:RiskLoseMoneyMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063487Member rr:RiskNotInsuredDepositoryInstitutionMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063487Member rr:AfterTaxesOnDistributionsMember ck0001750821:C000205681Member 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063487Member rr:AfterTaxesOnDistributionsAndSalesMember ck0001750821:C000205681Member 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063487Member ck0001750821:Russell3000TotalReturnIndexReflectsNoDeductionForFeesExpensesOrTaxesMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063488Member 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063488Member rr:RiskLoseMoneyMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063488Member rr:RiskNotInsuredDepositoryInstitutionMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063488Member rr:AfterTaxesOnDistributionsMember ck0001750821:C000205685Member 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063488Member rr:AfterTaxesOnDistributionsAndSalesMember ck0001750821:C000205685Member 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063488Member ck0001750821:ICEBofAMLFixedRatePreferredSecuritiesIndexreflectsnodeductionforfeesexpensesortaxesIndexMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070728Member 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070728Member rr:RiskLoseMoneyMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070728Member rr:RiskNotInsuredDepositoryInstitutionMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070728Member ck0001750821:MorningstarModerateAggressiveTargetRiskIndexreflectsnodeductionforfeesexpensesortaxesIndexMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070728Member rr:AfterTaxesOnDistributionsMember ck0001750821:C000224837Member 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070728Member rr:AfterTaxesOnDistributionsAndSalesMember ck0001750821:C000224837Member 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070729Member 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070729Member rr:RiskLoseMoneyMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070729Member rr:RiskNotInsuredDepositoryInstitutionMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070729Member ck0001750821:MorningstarModerateTargetRiskIndexreflectsnodeductionforfeesexpensesortaxesIndexMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070729Member rr:AfterTaxesOnDistributionsMember ck0001750821:C000224841Member 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070729Member rr:AfterTaxesOnDistributionsAndSalesMember ck0001750821:C000224841Member 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070730Member 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070730Member rr:RiskLoseMoneyMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070730Member rr:RiskNotInsuredDepositoryInstitutionMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070730Member ck0001750821:BloombergUSAggregateBondIndexreflectsnodeductionforfeesexpensesortaxesIndexMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070730Member rr:AfterTaxesOnDistributionsMember ck0001750821:C000224844Member 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070730Member rr:AfterTaxesOnDistributionsAndSalesMember ck0001750821:C000224844Member 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063483Member ck0001750821:AllRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063483Member ck0001750821:EquityRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063483Member ck0001750821:MarketRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063483Member ck0001750821:MicroCapSmallAndMidSizedCompanyRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063483Member ck0001750821:ForeignAndEmergingMarketCompanyRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063483Member ck0001750821:AffiliatedUnderlyingFundsRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063483Member ck0001750821:BlendStyleRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063483Member ck0001750821:ETFAndMutualFundsRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063483Member ck0001750821:ManagementAndStrategyRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063483Member ck0001750821:RelianceOnTechnologyRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063485Member ck0001750821:AllRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063485Member ck0001750821:SmallCapCompanyRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063485Member ck0001750821:EquityRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063485Member ck0001750821:RelianceOnTechnologyRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063485Member ck0001750821:ValueOrientedInvestmentStrategiesRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063485Member ck0001750821:ManagementAndStrategyRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063485Member ck0001750821:LiquidityRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063485Member ck0001750821:PortfolioTurnoverRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063485Member ck0001750821:ETFRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063485Member ck0001750821:PreferredStockRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063485Member ck0001750821:ForeignInvestmentRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063485Member ck0001750821:RealEstateInvestmentTrustRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063485Member ck0001750821:IPORiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063486Member ck0001750821:AllRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063486Member ck0001750821:EquityRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063486Member ck0001750821:SectorFocusRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063486Member ck0001750821:PortfolioTurnoverRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063486Member ck0001750821:MarketRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063486Member ck0001750821:SmallCapCompanyRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063486Member ck0001750821:CybersecurityRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063486Member ck0001750821:ETFRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063486Member ck0001750821:CurrencyRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063486Member ck0001750821:EmergingMarketRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063486Member ck0001750821:GrowthStyleInvestingRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063486Member ck0001750821:ForeignInvestmentRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063486Member ck0001750821:ManagementAndStrategyRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063487Member ck0001750821:AllRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063487Member ck0001750821:ETFAndMutualFundsRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063487Member ck0001750821:EquityRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063487Member ck0001750821:FixedIncomeSecuritiesRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063487Member ck0001750821:MarketRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063487Member ck0001750821:GrowthOrientedInvestmentStrategiesRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063487Member ck0001750821:SmallCapAndMidCapCompanyRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063487Member ck0001750821:CurrencyRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063487Member ck0001750821:EmergingMarketRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063487Member ck0001750821:InterestRateRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063487Member ck0001750821:PreferredStockRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063487Member ck0001750821:MortgageBackedAndAssetBackedSecuritiesRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063487Member ck0001750821:ValueOrientedInvestmentStrategiesRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063487Member ck0001750821:ManagementAndStrategyRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063487Member ck0001750821:ForeignInvestmentRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063487Member ck0001750821:HighYieldJunkBondRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063487Member ck0001750821:CreditRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063487Member ck0001750821:InflationLinkedSecuritiesRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063487Member ck0001750821:BankLoanRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063487Member ck0001750821:GovernmentSponsoredEntitiesRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063487Member ck0001750821:MunicipalSecuritiesRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063487Member ck0001750821:ConvertibleSecuritiesRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063487Member ck0001750821:LiquidityRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063487Member ck0001750821:IPORiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063487Member ck0001750821:WarrantsAndRightsRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063487Member ck0001750821:LargeCapCompanyRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063488Member ck0001750821:AllRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063488Member ck0001750821:CreditAndSubordinationRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063488Member ck0001750821:PreferredSecuritiesRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063488Member ck0001750821:HighYieldJunkBondRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063488Member ck0001750821:HybridSecurityRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063488Member ck0001750821:AdditionalTier1SecuritiesRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063488Member ck0001750821:FixedIncomeSecuritiesRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063488Member ck0001750821:InterestRateRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063488Member ck0001750821:OptionalityRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063488Member ck0001750821:SectorFocusRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063488Member ck0001750821:ForeignInvestmentRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063488Member ck0001750821:Rule144AAndRegulationSSecuritiesRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063488Member ck0001750821:CurrencyRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063488Member ck0001750821:EmergingMarketRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063488Member ck0001750821:DerivativesAndHedgingTransactionsRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063488Member ck0001750821:LIBORTransitionRisk.Member 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070728Member ck0001750821:AllRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070728Member ck0001750821:ManagementAndStrategyRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070728Member ck0001750821:ETFAndMutualFundsRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070728Member ck0001750821:MarketRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070728Member ck0001750821:SectorFocusRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070728Member ck0001750821:EquityRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070728Member ck0001750821:GrowthOrientedInvestmentStrategiesRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070728Member ck0001750821:CommodityRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070728Member ck0001750821:CurrencyRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070728Member ck0001750821:ForeignInvestmentRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070728Member ck0001750821:FixedIncomeSecuritiesRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070728Member ck0001750821:InterestRateRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070728Member ck0001750821:CreditRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070728Member ck0001750821:LiquidityRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070728Member ck0001750821:HighYieldJunkBondRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070728Member ck0001750821:LargeCapCompanyRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070728Member ck0001750821:SmallCapAndMidCapCompanyRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070728Member ck0001750821:GovernmentSponsoredEntitiesRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070729Member ck0001750821:AllRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070729Member ck0001750821:ManagementAndStrategyRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070729Member ck0001750821:ETFAndMutualFundsRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070729Member ck0001750821:FixedIncomeSecuritiesRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070729Member ck0001750821:InterestRateRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070729Member ck0001750821:CreditRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070729Member ck0001750821:LiquidityRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070729Member ck0001750821:EquityRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070729Member ck0001750821:MarketRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070729Member ck0001750821:CurrencyRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070729Member ck0001750821:ForeignInvestmentRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070729Member ck0001750821:LargeCapCompanyRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070729Member ck0001750821:SectorFocusRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070729Member ck0001750821:PortfolioTurnoverRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070729Member ck0001750821:SmallCapAndMidCapCompanyRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070729Member ck0001750821:GovernmentSponsoredEntitiesRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070730Member ck0001750821:AllRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070730Member ck0001750821:ManagementAndStrategyRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070730Member ck0001750821:ETFAndMutualFundsRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070730Member ck0001750821:DerivativesAndHedgingTransactionsRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070730Member ck0001750821:FixedIncomeSecuritiesRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070730Member ck0001750821:InterestRateRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070730Member ck0001750821:CreditRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070730Member ck0001750821:LiquidityRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070730Member ck0001750821:EquityRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070730Member ck0001750821:MarketRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070730Member ck0001750821:CurrencyRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070730Member ck0001750821:ForeignInvestmentRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070730Member ck0001750821:HighYieldJunkBondRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070730Member ck0001750821:LargeCapCompanyRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070730Member ck0001750821:MortgageBackedAndAssetBackedSecuritiesRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070730Member ck0001750821:SmallCapAndMidCapCompanyRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070730Member ck0001750821:GovernmentSponsoredEntitiesRiskMember 2024-02-01 2024-02-01 0001750821 ck0001750821:S000063485Member rr:AfterTaxesOnDistributionsAndSalesMember ck0001750821:C000205677Member 2024-02-01 2024-02-01 0001750821 ck0001750821:S000070730Member ck0001750821:HFRXAbsoluteReturnIndexreflectsnodeductionforfeesexpensesortaxesIndexMember 2024-02-01 2024-02-01 iso4217:USD pure false 497 2023-05-31 N-1A North Square Investments Trust 0001750821 ~ http://usbank.com/role/ShareholderFeesData column period compact * column dei_LegalEntityAxis compact ck0001750821_S000063483Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://usbank.com/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact ck0001750821_S000063483Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://usbank.com/role/ExpenseExample column period compact * column dei_LegalEntityAxis compact ck0001750821_S000063483Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://usbank.com/role/BarChartData column period compact * column dei_LegalEntityAxis compact ck0001750821_S000063483Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://usbank.com/role/PerformanceTableData column period compact * column dei_LegalEntityAxis compact ck0001750821_S000063483Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://usbank.com/role/ShareholderFeesData column period compact * column dei_LegalEntityAxis compact ck0001750821_S000063485Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://usbank.com/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact ck0001750821_S000063485Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://usbank.com/role/ExpenseExample column period compact * column dei_LegalEntityAxis compact ck0001750821_S000063485Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://usbank.com/role/BarChartData column period compact * column dei_LegalEntityAxis compact ck0001750821_S000063485Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://usbank.com/role/PerformanceTableData column period compact * column dei_LegalEntityAxis compact ck0001750821_S000063485Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://usbank.com/role/ShareholderFeesData column period compact * column dei_LegalEntityAxis compact ck0001750821_S000063486Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://usbank.com/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact ck0001750821_S000063486Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://usbank.com/role/ExpenseExample column period compact * column dei_LegalEntityAxis compact ck0001750821_S000063486Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://usbank.com/role/BarChartData column period compact * column dei_LegalEntityAxis compact ck0001750821_S000063486Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://usbank.com/role/PerformanceTableData column period compact * column dei_LegalEntityAxis compact ck0001750821_S000063486Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://usbank.com/role/ShareholderFeesData column period compact * column dei_LegalEntityAxis compact ck0001750821_S000063487Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://usbank.com/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact ck0001750821_S000063487Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://usbank.com/role/ExpenseExample column period compact * column dei_LegalEntityAxis compact ck0001750821_S000063487Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://usbank.com/role/BarChartData column period compact * column dei_LegalEntityAxis compact ck0001750821_S000063487Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://usbank.com/role/PerformanceTableData column period compact * column dei_LegalEntityAxis compact ck0001750821_S000063487Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://usbank.com/role/ShareholderFeesData column period compact * column dei_LegalEntityAxis compact ck0001750821_S000063488Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://usbank.com/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact ck0001750821_S000063488Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://usbank.com/role/ExpenseExample column period compact * column dei_LegalEntityAxis compact ck0001750821_S000063488Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://usbank.com/role/BarChartData column period compact * column dei_LegalEntityAxis compact ck0001750821_S000063488Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://usbank.com/role/PerformanceTableData column period compact * column dei_LegalEntityAxis compact ck0001750821_S000063488Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://usbank.com/role/ShareholderFeesData column period compact * column dei_LegalEntityAxis compact ck0001750821_S000070728Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://usbank.com/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact ck0001750821_S000070728Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://usbank.com/role/ExpenseExample column period compact * column dei_LegalEntityAxis compact ck0001750821_S000070728Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://usbank.com/role/ExpenseExampleNoRedemption column period compact * column dei_LegalEntityAxis compact ck0001750821_S000070728Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://usbank.com/role/BarChartData column period compact * column dei_LegalEntityAxis compact ck0001750821_S000070728Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://usbank.com/role/PerformanceTableData column period compact * column dei_LegalEntityAxis compact ck0001750821_S000070728Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://usbank.com/role/ShareholderFeesData column period compact * column dei_LegalEntityAxis compact ck0001750821_S000070729Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://usbank.com/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact ck0001750821_S000070729Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://usbank.com/role/ExpenseExample column period compact * column dei_LegalEntityAxis compact ck0001750821_S000070729Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://usbank.com/role/ExpenseExampleNoRedemption column period compact * column dei_LegalEntityAxis compact ck0001750821_S000070729Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://usbank.com/role/BarChartData column period compact * column dei_LegalEntityAxis compact ck0001750821_S000070729Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://usbank.com/role/PerformanceTableData column period compact * column dei_LegalEntityAxis compact ck0001750821_S000070729Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://usbank.com/role/ShareholderFeesData column period compact * column dei_LegalEntityAxis compact ck0001750821_S000070730Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://usbank.com/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact ck0001750821_S000070730Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://usbank.com/role/ExpenseExample column period compact * column dei_LegalEntityAxis compact ck0001750821_S000070730Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://usbank.com/role/ExpenseExampleNoRedemption column period compact * column dei_LegalEntityAxis compact ck0001750821_S000070730Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://usbank.com/role/BarChartData column period compact * column dei_LegalEntityAxis compact ck0001750821_S000070730Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://usbank.com/role/PerformanceTableData column period compact * column dei_LegalEntityAxis compact ck0001750821_S000070730Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ORIGX ORIYX ORDNX ORSAX ORSIX ETFAX ETFCX ETFOX ORDGX ODGIX ETFRX ETFZX ETFWX ORILX PORYX STTGX STTCX STTIX 2023-09-28 2023-09-28 2024-02-01 SUMMARY SECTION - NORTH SQUARE SPECTRUM ALPHA FUND Investment Objective The investment objective of the North Square Spectrum Alpha Fund (the “Fund”) is to provide capital appreciation. Fees and Expenses of the Fund This table describes the fees and expenses that you may pay if you buy, hold and sell shares of the Fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_902_err--ExpenseBreakpointDiscounts_c20240201__20240201__dei--LegalEntityAxis__custom--S000063483Member__rr--ProspectusShareClassAxis__custom--C000205671Member_z5KqG5xBiMql">You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90B_err--ExpenseBreakpointMinimumInvestmentRequiredAmount_c20240201__20240201__dei--LegalEntityAxis__custom--S000063483Member__rr--ProspectusShareClassAxis__custom--C000205671Member_zHcRpgTMWM19">50,000 in Class A shares of the Fund. More information about these and other discounts is available from your financial intermediary and in the section titled “Class A Shares” and in “APPENDIX A – Waivers and Discounts Available from Certain Intermediaries” of the Prospectus. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Class A shares of the Fund. 50000 Shareholder Fees (fees paid directly from your investment) 0.0575 0 0 0 0 0 0 0 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.0020 0.0020 0.0025 0 0.0085 0.0085 0.0008 0.0008 0.0013 0.0013 0.0038 0.0038 0.0033 0.0033 0.0039 0.0039 0.0039 0.0039 0.0096 0.0096 0.0226 0.0201 No sales charge applies on investments of $500,000 or more, but a contingent deferred sales charge (“CDSC”) of 1% will be imposed on certain redemptions of such shares within 12 months of the date of purchase. The total annual fund operating expenses and net operating expenses do not correlate to the ratio of expenses to average net assets appearing in the financial highlights table, which reflects only the operating expenses of the Fund and does not include acquired fund fees and expenses. September 30, 2025 Example This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same (taking into account the contractual fee waiver until September 30, 2025). <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90F_err--ExpenseExampleByYearCaption_c20240201__20240201__dei--LegalEntityAxis__custom--S000063483Member_zmV5zDUAhlS5">Although your actual costs may be higher or lower, based on these assumptions your costs would be: Although your actual costs may be higher or lower, based on these assumptions your costs would be: 791 1203 1601 2709 204 595 976 2043 Portfolio Turnover The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the portfolio turnover rate for the Fund was <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90D_err--PortfolioTurnoverRate_c20240201__20240201__dei--LegalEntityAxis__custom--S000063483Member_zdSowZCoZ4Oa">7% of the average value of its portfolio. 0.07 Principal Investment Strategies The Fund is considered a “fund of funds” that invests primarily in affiliated mutual funds (the “underlying funds”) managed by the Adviser and its affiliates. Under normal conditions, through the underlying funds, the Fund is expected to indirectly invest in the equity securities of U.S. and foreign micro-cap, small, and mid-sized companies among others. The Fund uses a “blend” strategy to gain investment exposure to both growth and value stocks, or to stocks with characteristics of both. Securities in which an underlying fund may invest include, but are not limited to, common stocks, preferred stocks, securities of international companies include emerging market companies and developed countries through investments in exchange-traded funds (“ETFs”) and American Depositary Receipts (“ADRs”), and other similar depositary receipts, and other instruments with similar economic characteristics. The Fund’s portfolio management team generally employs a bottom-up investment approach emphasizing long-term value. The Fund may deviate from the investment strategy described above for temporary defensive purposes. The Fund may miss certain investment opportunities if defensive strategies are used and thus may not achieve its investment objective. Principal Risks of Investing <p id="xdx_A86_err--RiskTextBlock_hrr--RiskAxis__custom--AllRiskMember_zQOv9aAfL52c" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Risk is inherent in all investing, including an investment in the Fund. An investment in the Fund involves risk, including the following principal risks, among others: Equity Risk, Market Risk, Micro-Cap, Small, and Mid-Sized Company Risk, Foreign and Emerging Market Company Risk, Affiliated Underlying Funds Risk, Blend Style Risk, ETF and Mutual Funds Risk, Management Strategy Risk and Reliance on Technology Risk. Summary descriptions of these and other principal risks of investing in the Fund are set forth below. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90C_err--RiskCaption_c20240201__20240201__dei--LegalEntityAxis__custom--S000063483Member__rr--RiskAxis__rr--RiskLoseMoneyMember_zTFSuib22Woh">Before you decide whether to invest in the Fund, carefully consider these risk factors and special considerations associated with investing in the Fund, which may cause investors to lose money. There can be no assurance that the Fund will achieve its investment objective. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_902_err--RiskCaption_c20240201__20240201__dei--LegalEntityAxis__custom--S000063483Member__rr--RiskAxis__rr--RiskNotInsuredDepositoryInstitutionMember_zN88OT8X1F5a">An investment in the Fund is not a deposit of the bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Before you decide whether to invest in the Fund, carefully consider these risk factors and special considerations associated with investing in the Fund, which may cause investors to lose money. An investment in the Fund is not a deposit of the bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. <p id="xdx_A8C_err--RiskTextBlock_hrr--RiskAxis__custom--EquityRisKMember_z8CWLzHZYDDe" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Equity Risk. The value of the equity securities held by the Fund may fall due to general market and economic conditions, perceptions regarding the industries in which the issuers of securities held by the Fund participate, or factors relating to specific companies in which the Fund invests. <div style="display: none"></div> <p id="xdx_A88_err--RiskTextBlock_hrr--RiskAxis__custom--MarketRiskMember_zbRCDLOSBHV4" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Market Risk. The market price of a security or instrument may decline, sometimes rapidly or unpredictably, due to general market conditions that are not specifically related to a particular company, such as real or perceived adverse economic or political conditions throughout the world, including war, public health crises (including the occurrence of a contagious disease or illness, such as COVID-19), changes in the general outlook for corporate earnings, inflation, changes in interest or currency rates or adverse investor sentiment generally. The market value of a security or instrument also may decline because of factors that affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. <div style="display: none"></div> <p id="xdx_A8F_err--RiskTextBlock_hrr--RiskAxis__custom--MicroCapSmallAndMidSizedCompanyRiskMember_z2acesb9Uzff" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Micro-Cap, Small, and Mid-Sized Company Risk. Investments in micro-cap, small, and mid-sized companies (North Square defines this range as companies with up to $50 billion in market capitalization) may involve greater risks than investments in larger, more established companies. As compared to larger companies, micro- cap, small, and mid-sized companies may have limited management experience or depth, limited ability to generate or borrow capital needed for growth, and limited products or services, or operate in less established markets. Accordingly, securities of micro-cap, small, and mid-sized companies tend to be more sensitive to changing economic, market, and industry conditions and tend to be more volatile and less liquid than equity securities of larger companies, especially over the short term. The securities of micro-cap, small, and mid-sized companies tend to trade less frequently than those of larger, more established companies, which can adversely affect the pricing of these securities and the ability to sell these securities in the future. <div style="display: none"></div> <p id="xdx_A89_err--RiskTextBlock_hrr--RiskAxis__custom--ForeignAndEmergingMarketCompanyRiskMember_zbPMKW1rTN75" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Foreign and Emerging Market Company Risk. Investments in foreign companies and in U.S. companies with economic ties to foreign markets generally involve special risks that can increase the likelihood that the Fund will lose money. For example, as compared with companies organized and operated in the U.S., these companies may be more vulnerable to economic, political, and social instability and subject to less government supervision, lack of transparency, inadequate regulatory and accounting standards, and foreign taxes. In addition, the securities of foreign companies also may be subject to inadequate exchange control regulations, the imposition of economic sanctions or other government restrictions, higher transaction and other costs, reduced liquidity, and delays in settlement to the extent they are traded on non-U.S. exchanges or markets. Foreign company securities also include ADRs. ADRs may be less liquid than the underlying shares in their primary trading market. Foreign securities also may subject the Fund’s investments to changes in currency exchange rates. Emerging market securities generally are more volatile than other foreign securities, and are subject to greater liquidity, regulatory, and political risks. Investments in emerging markets may be considered speculative and generally are riskier than investments in more developed markets because such markets tend to develop unevenly and may never fully develop. Emerging markets are more likely to experience hyperinflation and currency devaluations. Securities of emerging market companies may have far lower trading volumes and less liquidity than securities of issuers in developed markets. Companies with economic ties to emerging markets may be susceptible to the same risks as companies organized in emerging markets. <div style="display: none"></div> <p id="xdx_A8C_err--RiskTextBlock_hrr--RiskAxis__custom--AffiliatedUnderlyingFundsRiskMember_zqeYyE011IY4" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Affiliated Underlying Funds Risk. The Fund invests principally in underlying funds advised by North Square, which presents certain conflicts of interest. Generally, North Square will receive more revenue from investing in the underlying funds than it would if it invested in unaffiliated funds. In addition, North Square is subject to conflicts of interest in allocating portfolio assets among the various underlying funds because the fees payable to North Square by underlying funds differ. North Square may have an incentive to select underlying funds that will result in the greatest net management fee revenue to North Square and its affiliates, even if that results in increased expenses for the Fund. In addition, the Fund’s investments in affiliated underlying funds may be beneficial to North Square in managing the underlying funds, by helping the underlying funds achieve economies of scale or by enhancing cash flows to the underlying funds. In certain circumstances, North Square would have an incentive to delay or decide against the sale of interests held by the Fund in the underlying funds and may implement Fund changes in a manner intended to minimize the disruptive effects and added costs of those changes to the underlying funds. If the Fund invests in an underlying fund with higher expenses, the Fund’s performance would be lower than if the Fund had invested in an underlying fund with comparable performance but lower expenses. <div style="display: none"></div> <p id="xdx_A86_err--RiskTextBlock_hrr--RiskAxis__custom--BlendStyleRiskMember_z7E0lEjxIw94" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Blend Style Risk. Growth stocks typically trade at higher multiples of current earnings than other stocks. Growth stocks often are more sensitive to market fluctuations than other securities because their market prices are highly sensitive to future earnings expectations. At times when it appears that these expectations may not be met, prices of growth stocks typically fall. Growth stocks may be more volatile than securities of slower-growing issuers. The prices of value stocks may lag the stock market for long periods of time if the market fails to recognize the company’s intrinsic worth. Value investing also is subject to the risk that a company judged to be undervalued may actually be appropriately priced or even overpriced. A portfolio that combines growth and value styles may diversify these risks and lower its volatility, but there is no assurance this strategy will achieve that result. <div style="display: none"></div> <p id="xdx_A8D_err--RiskTextBlock_hrr--RiskAxis__custom--ETFAndMutualFundsRiskMember_z38kSFwDmVqh" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">ETF and Mutual Funds Risk. The Fund’s investment in ETFs and mutual funds (including other funds managed by the Adviser), generally reflects the risks of owning the underlying securities the ETF or mutual fund holds. It may also be more expensive for the Fund to invest in an ETF or mutual fund than to own the portfolio securities of these investment vehicles directly. An ETF may also trade at a discount to its net asset value. Investing in ETFs or mutual funds involves duplication of advisory fees and certain other expenses. The Fund will pay brokerage commissions in connection with the purchase and sale of shares of ETFs. In addition, the Fund may invest in underlying funds which invest a larger portion of their assets in one or more sectors than many other mutual funds, and thus will be more susceptible to negative events affecting those sectors. The Fund will be indirectly exposed to the risks of the portfolio assets held by an underlying fund in which the Fund invests, including, but not limited to, derivatives, currencies and leverage risk. <div style="display: none"></div> The Fund may invest in affiliated mutual funds managed by North Square. The Adviser or NSI Retail Advisors, LLC, the Fund’s investment sub-adviser (the “Sub-Adviser”), may be subject to potential conflicts of interest in selecting underlying funds because the fees paid to it by certain affiliated underlying funds are higher than the fees paid by other affiliated and unaffiliated underlying funds. To the extent the Fund invests a significant percentage of its assets in any one affiliated mutual fund or across multiple affiliated mutual funds, the Fund will be subject to a greater degree to the risks particular to the investment strategies employed by the Adviser or Sub-Adviser. <p id="xdx_A84_err--RiskTextBlock_hrr--RiskAxis__custom--ManagementAndStrategyRiskMember_zmFbhJLX4Ffi" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Management and Strategy Risk. The value of your investment depends on the judgment of the Adviser or Sub-Adviser about the quality, relative yield, value or market trends affecting a particular security, industry, sector or region, which may prove to be incorrect. <p id="xdx_A8D_err--RiskTextBlock_hrr--RiskAxis__custom--RelianceOnTechnologyRiskMember_zsTSp6a6czje" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Reliance on Technology Risk. The Fund's trading strategies are highly reliant on technology, including hardware, software and telecommunications systems. In addition, data gathering, research, forecasting, order execution, trade allocation, risk management, operational, back office and accounting systems are all highly automated and computerized. Such automation and computerization relies on an extensive amount of both proprietary software and third party hardware and software. Performance <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_908_err--PerformanceInformationIllustratesVariabilityOfReturns_c20240201__20240201__dei--LegalEntityAxis__custom--S000063483Member_znIwSRQadgKd">The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the performance of the Fund’s Class I shares from year to year and by showing how the average annual total returns of each class of the Fund compare with the average annual total returns of two broad-based market indexes. Performance for classes other than those shown may vary from the performance shown to the extent the expenses for those classes differ. Updated performance information is available at the Fund’s website, <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_902_err--PerformanceAvailabilityWebSiteAddress_c20240201__20240201__dei--LegalEntityAxis__custom--S000063483Member_zgjPyh5Iaana">www.northsquareinvest.com, or by calling the Fund at <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_903_err--PerformanceAvailabilityPhone_c20240201__20240201__dei--LegalEntityAxis__custom--S000063483Member_zHrt1qt7LzQh">1-855-551-5521. Effective January 11, 2022, the Fund made certain changes to its principal investment strategies, including the modification of the strategies to become a “fund of funds” that invests primarily in affiliated mutual funds. Prior to January 11, 2022, the Fund invested primarily in equity securities of small capitalization companies. Effective January 11, 2022, the Fund’s sub-adviser also changed. Accordingly, the performance shown below for periods prior to January 11, 2022, is based on the Fund’s prior principal investment strategies, as implemented by the Fund’s previous sub-adviser, and may not be representative of the Fund’s performance under its current principal investment strategies. The Fund has adopted the historical performance of the Oak Ridge Small Cap Growth Fund (the “Predecessor Fund”) as a result of a reorganization consummated after the close of business on May 10, 2019, in which the Fund acquired all of the assets, subject to the liabilities, of the Predecessor Fund. The performance information presented below for periods prior to the close of business on May 10, 2019 reflects the performance of the Predecessor Fund. At the time of the reorganization, the Fund and the Predecessor Fund had substantially the same investment strategies. Prior to the reorganization, the Fund was a “shell” fund with no assets and had not yet commenced operations. The Predecessor Fund had adopted the historical performance of the Pioneer Oak Ridge Small Cap Growth Fund (the “Prior Predecessor Fund”) as a result of a reorganization consummated after the close of business on October 17, 2014, in which the Predecessor Fund acquired all of the assets, subject to the liabilities, of the Prior Predecessor Fund. The performance information presented below for periods prior to the close of business on October 17, 2014 is based on the performance of the Prior Predecessor Fund. At the time of the reorganization, the Predecessor Fund and the Prior Predecessor Fund had substantially the same investment strategies. The Prior Predecessor Fund had adopted the historical performance of the Oak Ridge Small Cap Equity Fund (the “Initial Predecessor Fund”) as a result of a reorganization consummated after the close of business on February 13, 2004, in which the Prior Predecessor Fund acquired all of the assets, subject to the liabilities, of the Initial Predecessor Fund. The performance information presented below for periods prior to the close of business on February 13, 2004 is based on the performance of the Initial Predecessor Fund. At the time of the reorganization, the Prior Predecessor Fund and the Initial Predecessor Fund had substantially the same investment strategies. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90B_err--PerformancePastDoesNotIndicateFuture_c20240201__20240201__dei--LegalEntityAxis__custom--S000063483Member_zdgYaGRXN3Yi">The Fund’s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_903_err--BarChartDoesNotReflectSalesLoads_c20240201__20240201__dei--LegalEntityAxis__custom--S000063483Member_zLdUBFoRJpAd">Sales loads are not reflected in the bar chart, and if those charges were included, returns would be less than those shown. The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the performance of the Fund’s Class I shares from year to year and by showing how the average annual total returns of each class of the Fund compare with the average annual total returns of two broad-based market indexes. www.northsquareinvest.com 1-855-551-5521 The Fund’s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. Sales loads are not reflected in the bar chart, and if those charges were included, returns would be less than those shown. Calendar-Year Total Return (before taxes) for Class I Shares For each calendar year at NAV 0.3955 0.0428 -0.0437 0.0252 0.1935 -0.0639 0.2275 0.3025 0.1041 -0.2685 The <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90D_err--YearToDateReturnLabel_c20240201__20240201__dei--LegalEntityAxis__custom--S000063483Member__rr--ProspectusShareClassAxis__custom--C000205673Member_zIpGCCdyslW">year-to-date return as of <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_909_err--BarChartYearToDateReturnDate_c20240201__20240201__dei--LegalEntityAxis__custom--S000063483Member__rr--ProspectusShareClassAxis__custom--C000205673Member_zNZkN2kn4zM5">June 30, 2023 was <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90D_err--BarChartYearToDateReturn_c20240201__20240201__dei--LegalEntityAxis__custom--S000063483Member__rr--ProspectusShareClassAxis__custom--C000205673Member_zVmKItOiZ8H8">11.19%. <table cellpadding="3" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: Gainsboro"> <td colspan="3" style="border: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: justify">Class I</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White"> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; width: 50%"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_903_err--HighestQuarterlyReturnLabel_c20240201__20240201__dei--LegalEntityAxis__custom--S000063483Member__rr--ProspectusShareClassAxis__custom--C000205673Member_zISsV6UH1vli">Highest Calendar Quarter Return at NAV (non-annualized)</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 25%; text-align: center"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_904_err--BarChartHighestQuarterlyReturn_c20240201__20240201__dei--LegalEntityAxis__custom--S000063483Member__rr--ProspectusShareClassAxis__custom--C000205673Member_z0WEklryMeR1">31.71%</td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; vertical-align: bottom; width: 25%">Quarter ended <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_901_err--BarChartHighestQuarterlyReturnDate_c20240201__20240201__dei--LegalEntityAxis__custom--S000063483Member__rr--ProspectusShareClassAxis__custom--C000205673Member_zVR4KLOVrlPl">6/30/2020</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White"> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90A_err--LowestQuarterlyReturnLabel_c20240201__20240201__dei--LegalEntityAxis__custom--S000063483Member__rr--ProspectusShareClassAxis__custom--C000205673Member_zUivfcg4zNV3">Lowest Calendar Quarter Return at NAV (non-annualized)</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">-<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_900_err--BarChartLowestQuarterlyReturn_c20240201__20240201__dei--LegalEntityAxis__custom--S000063483Member__rr--ProspectusShareClassAxis__custom--C000205673Member_zJG1qc1dJbD9">25.08%</td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; vertical-align: bottom">Quarter ended <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90C_err--BarChartLowestQuarterlyReturnDate_c20240201__20240201__dei--LegalEntityAxis__custom--S000063483Member__rr--ProspectusShareClassAxis__custom--C000205673Member_zcFoCvrFCvE8">3/31/2020</td></tr> </table> year-to-date return 2023-06-30 0.1119 Highest Calendar Quarter Return at NAV (non-annualized) 0.3171 2020-06-30 Lowest Calendar Quarter Return at NAV (non-annualized) 0.2508 2020-03-31 Average Annual Total Returns (for periods ended December 31, 2022) Class I - Return Before Taxes Class I - Return Before Taxes -0.2685 0.0386 0.0748 0.0868 2009-12-29 Class I - Return After Taxes on Distributions Class I - Return After Taxes on Distributions -0.3342 -0.0056 0.0304 0.0695 2009-12-29 Class I - Return After Taxes on Distributions and Sale of Fund Shares Class I - Return After Taxes on Distributions and Sale of Fund Shares -0.1125 0.0300 0.0569 0.0762 2009-12-29 Class A - Return Before Taxes Class A - Return Before Taxes -0.3123 0.0238 0.0653 0.0870 1994-01-03 Russell 2000 Total Return Index (reflects no deduction for fees, expenses or taxes) Russell 2000 Total Return Index (reflects no deduction for fees, expenses or taxes) reflects no deduction for fees, expenses or taxes reflects no deduction for fees, expenses or taxes -0.2044 0.0413 0.0901 0.0832 1994-01-03 Russell 2000 Index (reflects no deduction for fees, expenses or taxes) Russell 2000 Index (reflects no deduction for fees, expenses or taxes) reflects no deduction for fees, expenses or taxes reflects no deduction for fees, expenses or taxes -0.2156 0.0278 0.0757 0.0686 1994-01-03 Effective September 28, 2023, the Russell 2000 Total Return Index has replaced the Russell 2000 Index as the Fund’s primary benchmark as the Russell 2000 Total Return Index is more closely aligned with the Fund’s principal investment strategies and portfolio holdings. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_904_err--PerformanceTableUsesHighestFederalRate_c20240201__20240201__dei--LegalEntityAxis__custom--S000063483Member_zVTKtXQQc9Kh">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After–tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90D_err--PerformanceTableOneClassOfAfterTaxShown_c20240201__20240201__dei--LegalEntityAxis__custom--S000063483Member_zlEv7RKbfvCe">After-tax returns are shown for Class I shares only and after-tax returns for classes other than Class I will vary from returns shown for Class I shares. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_905_err--PerformanceTableExplanationAfterTaxHigher_c20240201__20240201__dei--LegalEntityAxis__custom--S000063483Member_zATSFbTPXGac">In certain cases, Return After Taxes on Distributions and Sale of Fund Shares may be higher than the other return figures for the same period. This will occur when a capital loss is realized upon the sale of Fund shares or provides an assumed tax benefit that increases the return. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns are shown for Class I shares only and after-tax returns for classes other than Class I will vary from returns shown for Class I shares. In certain cases, Return After Taxes on Distributions and Sale of Fund Shares may be higher than the other return figures for the same period. This will occur when a capital loss is realized upon the sale of Fund shares or provides an assumed tax benefit that increases the return. SUMMARY SECTION - NORTH SQUARE DYNAMIC SMALL CAP FUND Investment Objective The investment objective of the North Square Dynamic Small Cap Fund (the “Fund”) is long-term capital appreciation. Fees and Expenses of the Fund This table describes the fees and expenses that you may pay if you buy, hold and sell shares of the Fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_901_err--ExpenseBreakpointDiscounts_c20240201__20240201__dei--LegalEntityAxis__custom--S000063485Member__rr--ProspectusShareClassAxis__custom--C000205678Member_z5U0xiYwBLfb">You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_903_err--ExpenseBreakpointMinimumInvestmentRequiredAmount_c20240201__20240201__dei--LegalEntityAxis__custom--S000063485Member__rr--ProspectusShareClassAxis__custom--C000205678Member_zKucPgkezJg2">50,000 in Class A shares of the Fund. More information about these and other discounts is available from your financial intermediary and in the section titled “Class A Shares” and in “APPENDIX A – Waivers and Discounts Available from Certain Intermediaries” of the Prospectus. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Class A shares of the Fund. 50000 Shareholder Fees (fees paid directly from your investment) 0.0575 0 0 0 0 0 0 0 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.0090 0.0090 0.0025 0 0.0039 0.0043 0.0013 0.0013 0.0011 0.0011 0.0026 0.0026 0.0032 0.0032 0.0154 0.0133 -0.0030 -0.0034 0.0124 0.0099 No sales charge applies on investments of $500,000 or more, but a contingent deferred sales charge (“CDSC”) of 1% will be imposed on certain redemptions of such shares within 12 months of the date of purchase. September 30, 2029 Example This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same (taking into account the contractual fee waiver until September 30, 2029). <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_906_err--ExpenseExampleByYearCaption_c20240201__20240201__dei--LegalEntityAxis__custom--S000063485Member_zOpspuTdAyP3">Although your actual costs may be higher or lower, based on these assumptions your costs would be: Although your actual costs may be higher or lower, based on these assumptions your costs would be: 694 946 1217 2136 101 315 547 1395 Portfolio Turnover The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the portfolio turnover rate for the Fund was <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_907_err--PortfolioTurnoverRate_c20240201__20240201__dei--LegalEntityAxis__custom--S000063485Member_zy3K3eVGxSTa">188% of the average value of its portfolio. 1.88 Principal Investment Strategies In seeking to achieve the Fund’s investment objective, the Adviser has selected Algert Global, LLC (the “Sub-Adviser”) to serve as the Fund’s investment sub-adviser and allocates the Fund’s assets to the Sub-Adviser. The Adviser retains the ability to manage all or a portion of the Fund’s assets directly. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90F_err--StrategyPortfolioConcentration_c20240201__20240201__dei--LegalEntityAxis__custom--S000063485Member_z4zmewTHGZVe">Under normal circumstances, the Fund will invest at least 80% of its net assets (including amounts borrowed for investment purposes) in equity securities of small capitalization U.S. companies. Small capitalization companies are considered to be companies with market capitalizations within the range of those companies included in the Russell 2000 Index (the “Index”) at the time of purchase. Because small capitalization companies are defined by reference to an index, the range of market capitalization of companies in which the Fund invests may vary with market conditions and could fall outside of the Index’s current capitalization range. Investment in companies that move above or below the capitalization range of the Index may continue to be held by the Fund in the discretion of the Sub-Adviser. As of August 31, 2023, the market capitalizations of companies included in the Index were between $38 million and $14.5 billion. The Fund may at times invest a significant portion of its assets in a single sector. The equity securities in which the Fund principally invests are common stocks, but the Fund also may invest in other types of equity securities, such as exchange-traded funds (“ETFs”) that invest substantially all of their assets in equity securities, equity interests in real estate investment trusts (“REITs”), and preferred stocks. The Fund may also invest in initial public offerings (“IPOs”) of equity securities. The Fund may invest up to 20% of its total assets in equity securities of non-U.S. issuers. The Fund’s investments in non-U.S. issuers primarily are through investment in American Depositary Receipts (“ADRs”). ADRs are receipts that represent interests in foreign securities held on deposit by U.S. banks. The Sub-Adviser uses proprietary systematic models to choose stocks which will comprise the Sub-Adviser’s portfolio or “investment universe.” The Sub-Adviser generates a composite score for each stock in its investment universe based on three internal models: Relative Value (to seek to detect mispriced stocks), Quality (to assess the sustainability of a company’s operating performance), and Catalyst (to identify companies with changing financial expectations and changing levels of attention from investors). Each of these models is customized to the specifics of the underlying sector and region where they are applied. The score is intended to represent the Sub-Adviser’s view of the attractiveness of a company relative to its industry, country, and other risk factors. The Sub-Adviser uses an automated technological process that updates the ranking for each stock in its investment universe daily. A prospective trade list is generated from these rankings to construct the desired portfolio. Under normal circumstances, the Fund will invest at least 80% of its net assets (including amounts borrowed for investment purposes) in equity securities of small capitalization U.S. companies. Principal Risks of Investing <p id="xdx_A8C_err--RiskTextBlock_hrr--RiskAxis__custom--AllRiskMember_z4cwnfHTnyv2" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Risk is inherent in all investing, including an investment in the Fund. An investment in the Fund involves risk, including the following principal risks, among others: Small Cap Company Risk, Equity Risk, Reliance on Technology Risk, Value-Oriented Investment Strategies Risk, Management and Strategy Risk, Liquidity Risk, Portfolio Turnover Risk, ETF Risk, Preferred Stock Risk, Foreign Investment Risk, Real Estate Investment Trust (“REIT”) Risk, and IPO Risk. Summary descriptions of these and other principal risks of investing in the Fund are set forth below. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_904_err--RiskCaption_c20240201__20240201__dei--LegalEntityAxis__custom--S000063485Member__rr--RiskAxis__rr--RiskLoseMoneyMember_z3OiLg28Zfp3">Before you decide whether to invest in the Fund, carefully consider these risk factors and special considerations associated with investing in the Fund, which may cause investors to lose money. There can be no assurance that the Fund will achieve its investment objective. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_903_err--RiskCaption_c20240201__20240201__dei--LegalEntityAxis__custom--S000063485Member__rr--RiskAxis__rr--RiskNotInsuredDepositoryInstitutionMember_zWe0onqwHAG9">An investment in the Fund is not a deposit of the bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. <div style="display: none"></div> Before you decide whether to invest in the Fund, carefully consider these risk factors and special considerations associated with investing in the Fund, which may cause investors to lose money. An investment in the Fund is not a deposit of the bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. <p id="xdx_A84_err--RiskTextBlock_hrr--RiskAxis__custom--SmallCapCompanyRiskMember_zwPlD5Z3z17d" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Small Cap Company Risk. The securities of small capitalization companies may be subject to more abrupt or erratic market movements and may have lower trading volumes or more erratic trading than securities of larger, more established companies or market averages in general. In addition, such companies typically are more likely to be adversely affected than large capitalization companies by changes in earning results, business prospects, investor expectations or poor economic or market conditions. <div style="display: none"></div> <p id="xdx_A8A_err--RiskTextBlock_hrr--RiskAxis__custom--EquityRiskMember_zhD9bX0JI9Ze" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Equity Risk. The value of the equity securities held by the Fund may fall due to general market and economic conditions, perceptions regarding the industries in which the issuers of securities held by the Fund participate, or factors relating to specific companies in which the Fund invests. <div style="display: none"></div> <p id="xdx_A8B_err--RiskTextBlock_hrr--RiskAxis__custom--RelianceOnTechnologyRiskMember_zxkUft5Ep2dj" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Reliance on Technology Risk. The Fund’s trading strategies are highly reliant on technology, including hardware, software and telecommunications systems. In addition, data gathering, research, forecasting, order execution, trade allocation, risk management, operational, back office and accounting systems are all highly automated and computerized. Such automation and computerization relies on an extensive amount of both proprietary software and third party hardware and software. <div style="display: none"></div> <p id="xdx_A8F_err--RiskTextBlock_hrr--RiskAxis__custom--ValueOrientedInvestmentStrategiesRiskMember_zNCcY5XFIOAf" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Value-Oriented Investment Strategies Risk. Value stocks are those that are believed to be undervalued in comparison to their peers due to adverse business developments or other factors. Value investing is subject to the risk that the market will not recognize a security’s inherent value for a long time or at all, or that a stock judged to be undervalued may actually be appropriately priced or overvalued. In addition, during some periods (which may be extensive), value stocks generally may be out of favor in the markets. <div style="display: none"></div> <p id="xdx_A85_err--RiskTextBlock_hrr--RiskAxis__custom--ManagementAndStrategyRiskMember_z8tvXloOdLr" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Management and Strategy Risk. The value of your investment depends on the judgment of the Adviser or Sub-Adviser about the quality, relative yield, value or market trends affecting a particular security, industry, sector or region, which may prove to be incorrect. Investment strategies employed by the Adviser or Sub-Adviser in selecting investments for the Fund may not result in an increase in the value of your investment or in overall performance equal to other investments. <div style="display: none"></div> <p id="xdx_A87_err--RiskTextBlock_hrr--RiskAxis__custom--LiquidityRiskMember_zmPrZYolHzV5" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Liquidity Risk. The Fund may not be able to sell some or all of the investments that it holds due to a lack of demand in the marketplace or other factors such as market turmoil, or if the Fund is forced to sell an illiquid investment to meet redemption requests or other cash needs it may only be able to sell those investments at a loss. Illiquid investments may also be difficult to value. <div style="display: none"></div> <p id="xdx_A8C_err--RiskTextBlock_hrr--RiskAxis__custom--PortfolioTurnoverRiskMember_zdhx9YgccKza" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Portfolio Turnover Risk. As a result of its trading strategies, the Fund may sell portfolio securities without regard to the length of time they have been held and will likely have a higher portfolio turnover rate than other mutual funds. Since portfolio turnover may involve paying brokerage commissions and other transaction costs, higher turnover generally results in additional Fund expenses. High rates of portfolio turnover may lower the performance of the Fund due to these increased costs and may also result in the realization of short-term capital gains. If the Fund realizes capital gains when Fund Investments are sold, the Fund must generally distribute those gains to shareholders, increasing the Fund’s taxable distributions. High rates of portfolio turnover in a given year would likely result in short-term capital gains that are taxed to shareholders at ordinary income tax rates. <div style="display: none"></div> <p id="xdx_A84_err--RiskTextBlock_hrr--RiskAxis__custom--ETFRiskMember_zhtuOPo3dNpf" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">ETF Risk. Investing in an ETF will provide the Fund with exposure to the securities comprising the index on which the ETF is based and will expose the Fund to risks similar to those of investing directly in those securities. Shares of ETFs typically trade on securities exchanges and may at times trade at a premium or discount to their net asset values. In addition, an ETF may not replicate exactly the performance of the benchmark index it seeks to track for a number of reasons, including transaction costs incurred by the ETF, the temporary unavailability of certain index securities in the secondary market or discrepancies between the ETF and the index with respect to the weighting of securities or the number of securities held. Investing in ETFs, which are investment companies, involves duplication of advisory fees and certain other expenses. The Fund will pay brokerage commissions in connection with the purchase and sale of shares of ETFs. <div style="display: none"></div> <p id="xdx_A87_err--RiskTextBlock_hrr--RiskAxis__custom--PreferredStockRiskMember_zPAwRFpr0Mql" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Preferred Stock Risk. Preferred stock represents an equity interest in a company that generally entitles the holder to receive, in preference to the holders of other stocks such as common stock, dividends and a fixed share of the proceeds resulting from a liquidation of the company. The market value of preferred stock is subject to company-specific and market risks applicable generally to equity securities and is also sensitive to changes in the company’s creditworthiness, the ability of the company to make payments on the preferred stock, and changes in interest rates, typically declining in value if interest rates rise. <div style="display: none"></div> <p id="xdx_A89_err--RiskTextBlock_hrr--RiskAxis__custom--ForeignInvestmentRiskMember_zPpumPyPL0x1" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Foreign Investment Risk. The prices of foreign securities may be more volatile than the prices of securities of U.S. issuers because of economic and social conditions abroad, political developments, and differences and changes in the regulatory environments of foreign countries. In addition, changes in exchange rates and interest rates may adversely affect the values of the Fund’s foreign investments. Foreign companies are generally subject to different legal and accounting standards than U.S. companies, and foreign financial intermediaries may be subject to less supervision and regulation than U.S. financial firms. Foreign securities include ADRs and Global Depositary Receipts (“GDRs”). Unsponsored ADRs and GDRs are organized independently and without the cooperation of the foreign issuer of the underlying securities, and involve additional risks because U.S. reporting requirements do not apply and the issuing bank will recover shareholder distribution costs from changes in share prices and payment of dividends. <div style="display: none"></div> <p id="xdx_A88_err--RiskTextBlock_hrr--RiskAxis__custom--RealEstateInvestmentTrustRiskMember_zqs5GKi8uLm1" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Real Estate Investment Trust (“REIT”) Risk. The Fund’s investment in REITs will subject the Fund to risks similar to those associated with direct ownership of real estate, including losses from casualty or condemnation, and changes in local and general economic, supply and demand, interest rates, zoning laws, regulatory limitations on rents, property taxes and operating expenses. The Fund is also subject to risks associated with extended vacancies of properties or defaults by borrowers or tenants, particularly during periods of disruptions to business operations or an economic downturn. <div style="display: none"></div> <p id="xdx_A8B_err--RiskTextBlock_hrr--RiskAxis__custom--IPORiskMember_zHdvtuQDMng1" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">IPO Risk. The market value of IPO shares will fluctuate considerably due to factors such as the absence of a prior public market, unseasoned trading, the small number of shares available for trading and limited information about the issuer. The purchase of IPO shares may involve high transaction costs. IPO shares are subject to market risk and liquidity risk. Performance <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90F_err--PerformanceInformationIllustratesVariabilityOfReturns_c20240201__20240201__dei--LegalEntityAxis__custom--S000063485Member_z8ajkdttBPld">The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the performance of the Fund’s Class I shares from year to year and by showing how the average annual total returns of each class of the Fund compare with the average annual total returns of a broad-based market index. Performance for classes other than those shown may vary from the performance shown to the extent the expenses for those classes differ. Updated performance information is available at the Fund’s website, <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_908_err--PerformanceAvailabilityWebSiteAddress_c20240201__20240201__dei--LegalEntityAxis__custom--S000063485Member_zjeEgBhNUaaa">www.northsquareinvest.com, or by calling the Fund at <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90B_err--PerformanceAvailabilityPhone_c20240201__20240201__dei--LegalEntityAxis__custom--S000063485Member_za0kSEwm7sc7">1-855-551-5521. The Fund has adopted the historical performance of the Oak Ridge Dynamic Small Cap Fund (the “Predecessor Fund”) as a result of a reorganization consummated after the close of business on May 10, 2019, in which the Fund acquired all of the assets, subject to the liabilities, of the Predecessor Fund. The performance information presented below for periods prior to the close of business on May 10, 2019 reflects the performance of the Predecessor Fund. At the time of the reorganization, the Fund and the Predecessor Fund had substantially the same investment strategies. Prior to the reorganization, the Fund was a “shell” fund with no assets and had not yet commenced operations. The performance information presented below for periods prior to September 30, 2015 is based on the performance of the Algert Global U.S. Small Cap account (the “Predecessor Account”). The Predecessor Fund commenced operations on September 30, 2015, after the conversion of the Predecessor Account, which commenced operations on November 1, 2008, into Class I shares of the Predecessor Fund. The Predecessor Fund’s and the Fund’s objectives, policies, guidelines and restrictions are, in all material respects, equivalent to those of the Predecessor Account. The Predecessor Account was the only fund or account managed by the Sub-Adviser with an investment objective and investment policies and restrictions substantially similar to those of the Predecessor Fund, and the Predecessor Account was managed in substantially the same way as the Sub-Adviser managed the Predecessor Fund and will manage the Fund. The returns for the Predecessor Account reflect its performance prior to the conversion into the Predecessor Fund. The Predecessor Account was not registered under the Investment Company Act of 1940 (the “1940 Act”) and therefore was not subject to certain restrictions imposed by the 1940 Act on registered investment companies and by the Internal Revenue Code of 1986 on regulated investment companies. If the Predecessor Account had been registered under the 1940 Act, the Predecessor Account’s performance may have been adversely affected. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90E_err--PerformancePastDoesNotIndicateFuture_c20240201__20240201__dei--LegalEntityAxis__custom--S000063485Member_zhbhz4V7kv4c">Past performance before and after taxes does not necessarily indicate how the Fund will perform in the future. Returns for Class I shares reflect all charges, expenses, and fees of the Predecessor Account. The Fund’s Class A Shares commenced operations on December 1, 2015. Following the close of business on May 29, 2020, the Fund’s outstanding Class A Shares were converted into Class I shares and the offering of Class A Shares was suspended as of that date. The Class A Shares of the Fund are now available for purchase as of the date of this Prospectus. The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the performance of the Fund’s Class I shares from year to year and by showing how the average annual total returns of each class of the Fund compare with the average annual total returns of a broad-based market index. www.northsquareinvest.com 1-855-551-5521 Past performance before and after taxes does not necessarily indicate how the Fund will perform in the future. Calendar-Year Total Return (before taxes) for Class I Shares For each calendar year at NAV 0.4121 0.1290 0.0124 0.1847 0.1563 -0.0926 0.2770 0.1935 0.2373 -0.1848 The <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90B_err--YearToDateReturnLabel_c20240201__20240201__dei--LegalEntityAxis__custom--S000063485Member__rr--ProspectusShareClassAxis__custom--C000205677Member_zTKJ469NlIE1">year-to-date return as of <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90A_err--BarChartYearToDateReturnDate_c20240201__20240201__dei--LegalEntityAxis__custom--S000063485Member__rr--ProspectusShareClassAxis__custom--C000205677Member_zQfmM6rnO7Il">June 30, 2023 was <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90E_err--BarChartYearToDateReturn_c20240201__20240201__dei--LegalEntityAxis__custom--S000063485Member__rr--ProspectusShareClassAxis__custom--C000205677Member_zM3G5wvMsprk">12.85%. <table cellpadding="3" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: #dcdcdc"> <td colspan="3" style="border: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">Class I</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left; width: 50%"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90A_err--HighestQuarterlyReturnLabel_c20240201__20240201__dei--LegalEntityAxis__custom--S000063485Member__rr--ProspectusShareClassAxis__custom--C000205677Member_z4EfrEwTH1j7">Highest Calendar Quarter Return at NAV (non-annualized)</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 25%; text-align: center"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_905_err--BarChartHighestQuarterlyReturn_c20240201__20240201__dei--LegalEntityAxis__custom--S000063485Member__rr--ProspectusShareClassAxis__custom--C000205677Member_z2SxrL06jP6j">27.15%</td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center; width: 25%">Quarter ended <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_901_err--BarChartHighestQuarterlyReturnDate_c20240201__20240201__dei--LegalEntityAxis__custom--S000063485Member__rr--ProspectusShareClassAxis__custom--C000205677Member_z8x4zRmQjbl7">12/31/2020</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_900_err--LowestQuarterlyReturnLabel_c20240201__20240201__dei--LegalEntityAxis__custom--S000063485Member__rr--ProspectusShareClassAxis__custom--C000205677Member_z7dZ4SLnDGo5">Lowest Calendar Quarter Return at NAV (non-annualized)</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">-<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_907_err--BarChartLowestQuarterlyReturn_c20240201__20240201__dei--LegalEntityAxis__custom--S000063485Member__rr--ProspectusShareClassAxis__custom--C000205677Member_zvpOLuh7vjRe">29.74%</td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; vertical-align: bottom">Quarter ended <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_906_err--BarChartLowestQuarterlyReturnDate_c20240201__20240201__dei--LegalEntityAxis__custom--S000063485Member__rr--ProspectusShareClassAxis__custom--C000205677Member_zSvHUKGrmbX2">3/31/2020</td></tr> </table> year-to-date return 2023-06-30 0.1285 Highest Calendar Quarter Return at NAV (non-annualized) 0.2715 2020-12-31 Lowest Calendar Quarter Return at NAV (non-annualized) 0.2974 2020-03-31 Average Annual Total Returns (for periods ended December 31, 2022) Class I - Return Before Taxes Class I - Return Before Taxes -0.1848 0.0688 0.1192 0.1234 2008-11-01 Class I - Return After Taxes on Distributions Class I - Return After Taxes on Distributions -0.1853 0.0274 0.0970 0.1076 2008-11-01 Class I - Return After Taxes on Distributions and Sale of Fund Shares Class I - Return After Taxes on Distributions and Sale of Fund Shares -0.1091 0.0399 0.0913 0.1004 2008-11-01 Class A - Return Before Taxes Class A - Return Before Taxes -0.2337 0.0536 0.0742 2015-12-01 2015-12-01 Russell 2000 Total Return Index (reflects no deduction for fees, expenses or taxes) Russell 2000 Total Return Index (reflects no deduction for fees, expenses or taxes) reflects no deduction for fees, expenses or taxes reflects no deduction for fees, expenses or taxes -0.2044 0.0413 0.0901 0.1024 2008-11-01 <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_901_err--PerformanceTableUsesHighestFederalRate_c20240201__20240201__dei--LegalEntityAxis__custom--S000063485Member_zFZcdki9mrse">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90B_err--PerformanceTableNotRelevantToTaxDeferred_c20240201__20240201__dei--LegalEntityAxis__custom--S000063485Member_zgs2u3C6uhpi">Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_903_err--PerformanceTableExplanationAfterTaxHigher_c20240201__20240201__dei--LegalEntityAxis__custom--S000063485Member_znQcwulM8dp8">In certain cases, Return After Taxes on Distributions and Sale of Fund Shares may be higher than the other return figures for the same period. This will occur when a capital loss is realized upon the sale of Fund shares or provides an assumed tax benefit that increases the return. Information for Class I shares reflect the performance of the Predecessor Fund and/or the Predecessor Account shares prior to each class’s respective inception date. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. In certain cases, Return After Taxes on Distributions and Sale of Fund Shares may be higher than the other return figures for the same period. This will occur when a capital loss is realized upon the sale of Fund shares or provides an assumed tax benefit that increases the return. SUMMARY SECTION – NORTH SQUARE ADVISORY RESEARCH SMALL CAP GROWTH FUND Investment Objective The investment objective of the North Square Advisory Research Small Cap Growth Fund (the “Fund”) is long-term growth of capital. Fees and Expenses of the Fund This table describes the fees and expenses that you may pay if you buy, hold and sell shares of the Fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_904_err--ExpenseBreakpointDiscounts_c20240201__20240201__dei--LegalEntityAxis__custom--S000063486Member__rr--ProspectusShareClassAxis__custom--C000205680Member_zBTHYYou30Gc">You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_907_err--ExpenseBreakpointMinimumInvestmentRequiredAmount_c20240201__20240201__dei--LegalEntityAxis__custom--S000063486Member__rr--ProspectusShareClassAxis__custom--C000205680Member_z5NeY1Ac5fvk">50,000 in Class A shares of the Fund. More information about these and other discounts is available from your financial intermediary and in the section titled “Class A Shares” and in “APPENDIX A – Waivers and Discounts Available from Certain Intermediaries” of the Prospectus. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Class A shares of the Fund. 50000 Shareholder Fees (fees paid directly from your investment) 0.0575 0 0 0 0 0 0 0 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.0070 0.0070 0.0025 0 0.0066 0.0066 0.0008 0.0008 0.0008 0.0008 0.0058 0.0058 0.0058 0.0058 0.0161 0.0136 -0.0042 -0.0042 0.0119 0.0094 No sales charge applies on investments of $500,000 or more, but a contingent deferred sales charge (“CDSC”) of 1% will be imposed on certain redemptions of such shares within 12 months of the date of purchase. “All Other Expenses” are estimated for the current fiscal year for Class A shares. September 30, 2029 Example This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same (taking into account the contractual fee waiver until September 30, 2029). <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_906_err--ExpenseExampleByYearCaption_c20240201__20240201__dei--LegalEntityAxis__custom--S000063486Member_zo6FxEQwABu6">Although your actual costs may be higher or lower, based on these assumptions your costs would be: Although your actual costs may be higher or lower, based on these assumptions your costs would be: 689 931 1192 2142 96 300 520 1380 Portfolio Turnover The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the portfolio turnover rate for the Fund was <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_904_err--PortfolioTurnoverRate_c20240201__20240201__dei--LegalEntityAxis__custom--S000063486Member_z0QQd1vYergi">182% of the average value of its portfolio. 1.82 Principal Investment Strategies <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90C_err--StrategyPortfolioConcentration_c20240201__20240201__dei--LegalEntityAxis__custom--S000063486Member_z6U6GS4Udwub">Under normal circumstances, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of small capitalization companies. The Fund considers small capitalization companies to be companies with market capitalizations generally within the ranges of the Russell 2000 Growth Total Return Index at the time of purchase. As of August 31, 2023, the market capitalization range of the Russell 2000 Growth Total Return Index was between $31 million and $14.6 billion. The Fund’s investments in equity securities may include common stock. While the Fund invests primarily in equity securities of U.S. issuers, it may invest in securities of foreign issuers, including those in emerging markets, in keeping with the Fund’s investment objective investments in such foreign issuers is not expected to exceed 20% of the Fund’s net assets. The Fund follows an investing style that favors growth investments. The Fund’s sub-adviser, Advisory Research, Inc. (“ARI” or a “Sub-Adviser”) uses a multi-discipline investment process that combines fundamental and technical analysis with a thematic overlay to define attractive investment opportunities. The Adviser’s investment research focuses on companies demonstrating strong or improving investment fundamentals that can generate substantial earnings growth, typically due to a competitive advantage or thematic economic force that creates favorable conditions. The investment process integrates fundamental valuation into a framework of additional perspectives to determine the attractiveness of a stock. These other perspectives include thematic positioning and timeliness, management quality, technical analysis and business quality. The Fund also may invest in American, European, and Global Depositary Receipts (“ADRs,” “EDRs,” and “GDRs,” respectively). ADRs are receipts that represent interests in foreign securities held on deposit by U.S. banks. EDRs and GDRs have the same qualities as ADRs, except that they may be traded in several international trading markets. Under normal circumstances, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of small capitalization companies. Principal Risks of Investing <p id="xdx_A88_err--RiskTextBlock_hrr--RiskAxis__custom--AllRiskMember_z3h6ySJ4nCe6" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Risk is inherent in all investing, including an investment in the Fund. An investment in the Fund involves risk, including the following principal risks, among others: Equity Risk, Sector Focus Risk, Portfolio Turnover Risk, Market Risk, Small-Cap Company Risk, Cybersecurity Risk, ETF Risk, Currency Risk, Emerging Market Risk, Growth-Style Investing Risk, Foreign Investment Risk, and Management and Strategy Risk. Summary descriptions of these and other principal risks of investing in the Fund are set forth below. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90C_err--RiskCaption_c20240201__20240201__dei--LegalEntityAxis__custom--S000063486Member__rr--RiskAxis__rr--RiskLoseMoneyMember_z19tCRF5UPn4">Before you decide whether to invest in the Fund, carefully consider these risk factors and special considerations associated with investing in the Fund, which may cause investors to lose money. There can be no assurance that the Fund will achieve its investment objective. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_907_err--RiskCaption_c20240201__20240201__dei--LegalEntityAxis__custom--S000063486Member__rr--RiskAxis__rr--RiskNotInsuredDepositoryInstitutionMember_zJJJa48JXBI1">An investment in the Fund is not a deposit of the bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. <div style="display: none"></div> Before you decide whether to invest in the Fund, carefully consider these risk factors and special considerations associated with investing in the Fund, which may cause investors to lose money. An investment in the Fund is not a deposit of the bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. <p id="xdx_A8C_err--RiskTextBlock_hrr--RiskAxis__custom--EquityRiskMember_zskPYu8k7Kc1" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Equity Risk. The value of the equity securities held by the Fund may fall due to general market and economic conditions, perceptions regarding the industries in which the issuers of securities held by the Fund participate, or factors relating to specific companies in which the Fund invests. <div style="display: none"></div> <p id="xdx_A81_err--RiskTextBlock_hrr--RiskAxis__custom--SectorFocusRiskMember_z5koyMhUqCP8" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Sector Focus Risk. The Fund may from time to time invest a larger portion of its assets in one or more sectors than many other mutual funds, and thus will be more susceptible to negative events affecting those sectors. <div style="display: none"></div> <p id="xdx_A87_err--RiskTextBlock_hrr--RiskAxis__custom--PortfolioTurnoverRiskMember_zktUbPw4hU3f" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Portfolio Turnover Risk. High portfolio turnover (generally, turnover in excess of 100% in any given fiscal year) may result in increased transaction costs to a Portfolio, which may result in higher fund expenses and lower total return. <div style="display: none"></div> <p id="xdx_A8D_err--RiskTextBlock_hrr--RiskAxis__custom--MarketRiskMember_zwhrMWy0a2Od" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Market Risk. The market price of a security or instrument may decline, sometimes rapidly or unpredictably, due to general market conditions that are not specifically related to a particular company, such as real or perceived adverse economic or political conditions throughout the world, including war, public health crises (including the occurrence of a contagious disease or illness, such as COVID-19), changes in the general outlook for corporate earnings, inflation, changes in interest or currency rates or adverse investor sentiment generally. The market value of a security or instrument also may decline because of factors that affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. <div style="display: none"></div> <p id="xdx_A84_err--RiskTextBlock_hrr--RiskAxis__custom--SmallCapCompanyRiskMember_z3d8oTC8O0sb" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Small-Cap Company Risk. The securities of small-capitalization companies may be subject to more abrupt or erratic market movements and may have lower trading volumes or more erratic trading than securities of larger, more established companies or market averages in general. In addition, such companies typically are more likely to be adversely affected than large-capitalization companies by changes in earning results, business prospects, investor expectations or poor economic or market conditions. Many small-capitalization companies may be in the early stages of development. Since equity securities of smaller companies may lack sufficient market liquidity and may not be regularly traded, it may be difficult or impossible to sell securities at an advantageous time or a desirable price. <div style="display: none"></div> <p id="xdx_A82_err--RiskTextBlock_hrr--RiskAxis__custom--CybersecurityRiskMember_zmWopXxMcpl2" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Cybersecurity Risk. Cybersecurity incidents may allow an unauthorized party to gain access to Fund assets, customer data (including private shareholder information), or proprietary information, or cause the Fund, the Adviser, the Sub-Adviser and/or other service providers (including custodians, sub-custodians, transfer agents and financial intermediaries) to suffer data breaches, data corruption or loss of operational functionality. In an extreme case, a shareholder’s ability to exchange or redeem Fund shares may be affected. <div style="display: none"></div> <p id="xdx_A8C_err--RiskTextBlock_hrr--RiskAxis__custom--ETFRiskMember_zgsn54lgZ3Zc" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">ETF Risk. Investing in an exchange-traded fund (“ETF”) will provide the Fund with exposure to the securities comprising the index on which the ETF is based and will expose the Fund to risks similar to those of investing directly in those securities. Shares of ETFs typically trade on securities exchanges and may at times trade at a premium or discount to their net asset values. In addition, an ETF may not replicate exactly the performance of the benchmark index it seeks to track for a number of reasons, including transaction costs incurred by the ETF, the temporary unavailability of certain index securities in the secondary market or discrepancies between the ETF and the index with respect to the weighting of securities or the number of securities held. Investing in ETFs, which are investment companies, involves duplication of advisory fees and certain other expenses. The Fund will pay brokerage commissions in connection with the purchase and sale of shares of ETFs. <div style="display: none"></div> <div style="display: none"></div> <p id="xdx_A8C_err--RiskTextBlock_hrr--RiskAxis__custom--CurrencyRiskMember_zLWcgKodF7F8" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Currency Risk. The values of investments in securities denominated in foreign currencies increase or decrease as the rates of exchange between those currencies and the U.S. Dollar change. Currency conversion costs and currency fluctuations could erase investment gains or add to investment losses. Currency exchange rates can be volatile and are affected by factors such as general economic conditions, the actions of the United States and foreign governments or central banks, the imposition of currency controls, and speculation. <div style="display: none"></div> <p id="xdx_A84_err--RiskTextBlock_hrr--RiskAxis__custom--EmergingMarketRiskMember_zNN7Yw4Jx6Nk" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Emerging Market Risk. Many of the risks with respect to foreign investments are more pronounced for investments in issuers in developing or emerging market countries. Emerging market countries tend to have more government exchange controls, more volatile interest and currency exchange rates, less market regulation, and less developed economic, political and legal systems than those of more developed countries. In addition, emerging market countries may experience high levels of inflation and may have less liquid securities markets and less efficient trading and settlement systems. In addition, companies in emerging market countries may not be subject to accounting, auditing, financial reporting and recordkeeping requirements that are as robust as those in more developed countries, and therefore, material information about a company may be unavailable or unreliable, and U.S. regulators may be unable to enforce a company’s regulatory obligations. <div style="display: none"></div> <p id="xdx_A86_err--RiskTextBlock_hrr--RiskAxis__custom--GrowthStyleInvestingRiskMember_zOMb7J9RwDp7" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Growth-Style Investing Risk. Because the Fund focuses on growth-style stocks, its performance may at times be better or worse than the performance of funds that focus on other types of stocks or that have a broader investment style. Growth stocks are often characterized by high price-to-earnings ratios, which may be more volatile than stocks with lower price-to-earnings ratios. <div style="display: none"></div> <p id="xdx_A8C_err--RiskTextBlock_hrr--RiskAxis__custom--ForeignInvestmentRiskMember_z4gjI4FvNaj9" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Foreign Investment Risk. The prices of foreign securities may be more volatile than the prices of securities of U.S. issuers because of economic and social conditions abroad, political developments, and differences and changes in the regulatory environments of foreign countries. In addition, changes in exchange rates and interest rates may adversely affect the values of the Fund’s foreign investments. Foreign companies are generally subject to different legal and accounting standards than U.S. companies, and foreign financial intermediaries may be subject to less supervision and regulation than U.S. financial firms. Foreign securities include ADRs, EDRs and GDRs. Unsponsored ADRs and GDRs are organized independently and without the cooperation of the foreign issuer of the underlying securities, and involve additional risks because U.S. reporting requirements do not apply. In addition, the issuing bank may deduct shareholder distribution, custody, foreign currency exchange, and other fees from the payment of dividends. Emerging markets tend to be more volatile than the markets of more mature economies and generally have less diverse and less mature economic structures and less stable political systems than those of developed countries. <div style="display: none"></div> <p id="xdx_A87_err--RiskTextBlock_hrr--RiskAxis__custom--ManagementAndStrategyRiskMember_zvudgdvPSNrj" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Management and Strategy Risk. The value of your investment depends on the judgment of the Adviser about the quality, relative yield, value or market trends affecting a particular security, industry, sector or region, which may prove to be incorrect. Performance <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90C_err--PerformanceInformationIllustratesVariabilityOfReturns_c20240201__20240201__dei--LegalEntityAxis__custom--S000063486Member_zLVGOKK33npc">The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the performance of the Fund’s Class I shares from year to year and by showing how the average annual total returns of each class of the Fund compare with the average annual total returns of a broad-based market index. Performance for classes other than those shown may vary from the performance shown to the extent the expenses for those classes differ. Updated performance information is available at the Fund’s website, <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90A_err--PerformanceAvailabilityWebSiteAddress_c20240201__20240201__dei--LegalEntityAxis__custom--S000063486Member_z6RBknnezX52">www.northsquareinvest.com, or by calling the Fund at <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_901_err--PerformanceAvailabilityPhone_c20240201__20240201__dei--LegalEntityAxis__custom--S000063486Member_zrxEgbVvBGV">1-855-551-5521. Effective January 11, 2022, the Fund made certain changes to its principal investment strategies, including the modification of the strategies to invest, under normal circumstances, primarily in equity securities of small capitalization companies. Prior to January 11, 2022, the Fund invested primarily in equity securities that had a record of paying dividends over at least a trailing one year period. Effective January 11, 2022, the Fund’s sub-adviser also changed. Accordingly, the performance shown below for periods prior to January 11, 2022, is based on the Fund’s prior principal investment strategies, as implemented by the Fund’s previous sub-adviser, and may not be representative of the Fund’s performance under its current principal investment strategies. The Fund has adopted the historical performance of the Oak Ridge Disciplined Growth Fund (the “Predecessor Fund”) as a result of a reorganization consummated after the close of business on May 10, 2019, in which the Fund acquired all of the assets, subject to the liabilities, of the Predecessor Fund. The performance information presented below for periods prior to the close of business on May 10, 2019 reflects the performance of the Predecessor Fund. At the time of the reorganization, the Fund and the Predecessor Fund had substantially the same investment strategies. Prior to the reorganization, the Fund was a “shell” fund with no assets and had not yet commenced operations. The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the performance of the Fund’s Class I shares from year to year and by showing how the average annual total returns of each class of the Fund compare with the average annual total returns of a broad-based market index. www.northsquareinvest.com 1-855-551-5521 Calendar-Year Total Return (before taxes) for Class I Shares For each calendar year at NAV 0.2518 0.0099 0.3233 0.3458 0.2548 -0.3508 The <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_909_err--YearToDateReturnLabel_c20240201__20240201__dei--LegalEntityAxis__custom--S000063486Member__rr--ProspectusShareClassAxis__custom--C000205679Member_ziSfwgwDYAzg">year-to-date return as of <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_900_err--BarChartYearToDateReturnDate_c20240201__20240201__dei--LegalEntityAxis__custom--S000063486Member__rr--ProspectusShareClassAxis__custom--C000205679Member_zXw05RJGfbDi">June 30, 2023 was <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90A_err--BarChartYearToDateReturn_c20240201__20240201__dei--LegalEntityAxis__custom--S000063486Member__rr--ProspectusShareClassAxis__custom--C000205679Member_zgXtbu6OWlw">17.49%. <table cellpadding="3" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: #dcdcdc"> <td colspan="3" style="border: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">Class I</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; width: 50%"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90B_err--HighestQuarterlyReturnLabel_c20240201__20240201__dei--LegalEntityAxis__custom--S000063486Member__rr--ProspectusShareClassAxis__custom--C000205679Member_zlYXaUSfeygj">Highest Calendar Quarter Return at NAV (non-annualized)</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 25%; text-align: center"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_902_err--BarChartHighestQuarterlyReturn_c20240201__20240201__dei--LegalEntityAxis__custom--S000063486Member__rr--ProspectusShareClassAxis__custom--C000205679Member_zASZmgreMLl1">25.26%</td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; vertical-align: bottom; width: 25%">Quarter ended <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90B_err--BarChartHighestQuarterlyReturnDate_c20240201__20240201__dei--LegalEntityAxis__custom--S000063486Member__rr--ProspectusShareClassAxis__custom--C000205679Member_zMkeNrkUMqC3">6/30/2020</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_906_err--LowestQuarterlyReturnLabel_c20240201__20240201__dei--LegalEntityAxis__custom--S000063486Member__rr--ProspectusShareClassAxis__custom--C000205679Member_z7hEJ71QA848">Lowest Calendar Quarter Return at NAV (non-annualized)</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">-<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90D_err--BarChartLowestQuarterlyReturn_c20240201__20240201__dei--LegalEntityAxis__custom--S000063486Member__rr--ProspectusShareClassAxis__custom--C000205679Member_zjVMzUXLk3x8">23.43%</td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; vertical-align: bottom">Quarter ended <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_909_err--BarChartLowestQuarterlyReturnDate_c20240201__20240201__dei--LegalEntityAxis__custom--S000063486Member__rr--ProspectusShareClassAxis__custom--C000205679Member_z6CVqQXKO3ek">6/30/2022</td></tr> </table> year-to-date return 2023-06-30 0.1749 Highest Calendar Quarter Return at NAV (non-annualized) 0.2526 2020-06-30 Lowest Calendar Quarter Return at NAV (non-annualized) 0.2343 2022-06-30 Average Annual Total Returns (for periods ended December 31, 2022) Class I - Return Before Taxes Class I - Return Before Taxes -0.3580 0.0770 0.0929 2016-07-29 Class I - Return After Taxes on Distributions Class I - Return After Taxes on Distributions -0.3798 0.0500 0.0714 2016-07-29 Class I - Return After Taxes on Distributions and Sale of Fund Shares Class I - Return After Taxes on Distributions and Sale of Fund Shares -0.1962 0.0667 0.0794 2016-07-29 Russell 2000 Growth Total Return Index (reflects no deduction for fees, expenses or taxes) Russell 2000 Growth Total Return Index (reflects no deduction for fees, expenses or taxes) reflects no deduction for fees, expenses or taxes reflects no deduction for fees, expenses or taxes -0.2636 0.0351 0.0696 2016-07-29 <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_905_err--PerformanceTableUsesHighestFederalRate_c20240201__20240201__dei--LegalEntityAxis__custom--S000063486Member_zGk47JOFOz89">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_904_err--PerformanceTableNotRelevantToTaxDeferred_c20240201__20240201__dei--LegalEntityAxis__custom--S000063486Member_zvtvZeCo757d">Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After–tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_909_err--PerformanceTableExplanationAfterTaxHigher_c20240201__20240201__dei--LegalEntityAxis__custom--S000063486Member_zbndXdFr6Il2">In certain cases, Return After Taxes on Distributions and Sale of Fund Shares may be higher than the other return figures for the same period. This will occur when a capital loss is realized upon the sale of Fund shares or provides an assumed tax benefit that increases the return. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After–tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. In certain cases, Return After Taxes on Distributions and Sale of Fund Shares may be higher than the other return figures for the same period. This will occur when a capital loss is realized upon the sale of Fund shares or provides an assumed tax benefit that increases the return. SUMMARY SECTION – NORTH SQUARE MULTI STRATEGY FUND Investment Objective The investment objective of the North Square Multi Strategy Fund (the “Fund”) is to provide capital appreciation. Fees and Expenses of the Fund This table describes the fees and expenses that you may pay if you buy, hold and sell shares of the Fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90D_err--ExpenseBreakpointDiscounts_c20240201__20240201__dei--LegalEntityAxis__custom--S000063487Member__rr--ProspectusShareClassAxis__custom--C000205681Member_zOKbf6ccxcnf">You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90A_err--ExpenseBreakpointMinimumInvestmentRequiredAmount_c20240201__20240201__dei--LegalEntityAxis__custom--S000063487Member__rr--ProspectusShareClassAxis__custom--C000205681Member_zp3w1UFgEre2">50,000 in Class A shares of the Fund. More information about these and other discounts is available from your financial intermediary and in the section titled “Class A Shares” and in “Appendix A –Waivers and Discounts Available from Certain Intermediaries.” You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Class A shares of the Fund. 50000 Shareholder Fees (fees paid directly from your investment) 0.0575 0 0 0 0 0 0 0 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.0019 0.0019 0.0025 0 0.0048 0.0049 0.0006 0.0006 0.0007 0.0007 0.0042 0.0042 0.0042 0.0042 0.0060 0.0060 0.0152 0.0128 No sales charge applies on investments of $500,000 or more, but a contingent deferred sales charge (“CDSC”) of 1% will be imposed on certain redemptions of such shares within 12 months of the date of purchase. The total annual fund operating expenses and net operating expenses do not correlate to the ratio of expenses to average net assets appearing in the financial highlights table, which reflects only the operating expenses of the Fund and does not include acquired fund fees and expenses. Example This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90C_err--ExpenseExampleByYearCaption_c20240201__20240201__dei--LegalEntityAxis__custom--S000063487Member_zQFgDZ48Ijz6">Although your actual costs may be higher or lower, based on these assumptions your costs would be: Although your actual costs may be higher or lower, based on these assumptions your costs would be: 721 1028 1356 2283 130 406 702 1545 Portfolio Turnover The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the portfolio turnover rate for the Fund was <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90F_err--PortfolioTurnoverRate_c20240201__20240201__dei--LegalEntityAxis__custom--S000063487Member_zgJiQU0WzOVi">13% of the average value of its portfolio. 0.13 Principal Investment Strategies In seeking to achieve the Fund’s investment objective, the Adviser has selected NSI Retail Advisors, LLC (the “Sub-Adviser”) to serve as the Fund’s investment sub-adviser and allocates the Fund’s assets to the Sub-Adviser. The Adviser retains the ability to manage all or a portion of the Fund’s assets directly. The Fund is a “fund of funds” that seeks to achieve its investment objective by primarily investing in other mutual funds (“underlying funds”). The Fund invests primarily in mutual funds managed by North Square, the Fund’s investment adviser, but may also invest in unaffiliated mutual funds or exchange-traded funds (“ETFs”) to gain exposure to asset classes not available through a fund managed by the Adviser. In addition, the Fund may also invest directly in securities when the Sub-Adviser believes doing so is more likely to increase yield or enhance returns than investing in underlying funds. The Fund is a multi-strategy fund that will invest directly or indirectly through underlying funds in the following asset classes: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Equity securities of U.S. and foreign companies (including emerging market companies) of any market capitalization, including common stock, preferred stock, warrants, rights and initial public offerings (“IPOs”). Exposure to equity securities of foreign companies may be through American and Global Depositary Receipts (“ADRs” and “GDRs”).</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Fixed income securities of U.S. and foreign issuers (including emerging market issuers) of any maturity and credit quality, including high-yield debt securities (often called “junk bonds”), investment grade debt securities, mortgage-related and other asset-backed securities, municipal bonds, U.S. Government securities, convertible securities, bank loans, inflation-linked investments and cash equivalents.</td></tr> </table> As part of the Sub-Adviser’s multi-strategy investment process, the Fund’s investments are allocated among underlying funds based on an evaluation of three strategies: strategic asset allocation (generally, the weighting of allocations among broad asset classes to seek to capture market returns), tactical asset allocation (generally, the weighting of allocations to various sub-categories within broad asset classes to seek to add value relative to the general strategic allocations) and fund selection. Fund assets are invested in underlying funds with equity exposure across the small to large capitalization range, as well as across value and growth styles as well as core or blend styles which exhibit both growth and value characteristics. Fund assets may also be invested in underlying funds with exposure to fixed income securities issued by a variety of issuers and across a range of maturities and credit quality. Broad economic and market factors, as well as diversification and risk management, are considered in assessing the strategic and tactical components of the allocation. The analysis in selecting underlying funds includes an assessment of a fund’s past performance, volatility and other risk characteristics, and correlation with other funds and benchmarks. It also includes an assessment of the underlying fund’s investment strategies, investment process and portfolio management team. The Fund does not have target ranges for the allocation of assets among asset classes or individual underlying funds and there is no maximum or minimum exposure that the Fund must maintain with respect to any asset class. Accordingly, the Fund’s exposure to different asset classes and underlying funds will be adjusted to take advantage of current or expected market conditions, or to manage risk. From time to time, the Fund may own a majority of the shares of an underlying fund managed by the Adviser. As of the date of this prospectus, the Fund intends to allocate substantially all of its assets among the North Square Dynamic Small Cap Fund, North Square Altrinsic International Equity Fund and North Square Preferred and Income Securities Fund, and expects to invest 25% or more of its assets in the North Square Dynamic Small Cap Fund and North Square Preferred and Income Securities Fund. Principal Risks of Investing <p id="xdx_A86_err--RiskTextBlock_hrr--RiskAxis__custom--AllRiskMember_zIVwh9mgG1bj" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Risk is inherent in all investing, including an investment in the Fund. An investment in the Fund involves risk, including the following principal risks, among others: ETF and Mutual Funds Risk, Equity Risk, Fixed Income Securities Risk, Market Risk, Growth-Oriented Investment Strategies Risk, Small Cap and Mid Cap Company Risk, Currency Risk, Emerging Market Risk, Interest Rate Risk, Preferred Stock Risk, Mortgage-Backed and Asset-Backed Securities Risk, Value-Oriented Investment Strategies Risk, Management and Strategy Risk, Foreign Investment Risk, High Yield (“Junk”) Bond Risk, Credit Risk, Inflation-Linked Securities Risk, Bank Loan Risk, Government-Sponsored Entities Risk, Municipal Securities Risk, Convertible Securities Risk, Liquidity Risk, IPO Risk, Warrants and Rights Risk, and Large Cap Company Risk. Summary descriptions of these and other principal risks of investing in the Fund are set forth below. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90E_err--RiskCaption_c20240201__20240201__dei--LegalEntityAxis__custom--S000063487Member__rr--RiskAxis__rr--RiskLoseMoneyMember_zk0ZDvYDHbPj">Before you decide whether to invest in the Fund, carefully consider these risk factors and special considerations associated with investing in the Fund, which may cause investors to lose money. There can be no assurance that the Fund will achieve its investment objective. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_905_err--RiskCaption_c20240201__20240201__dei--LegalEntityAxis__custom--S000063487Member__rr--RiskAxis__rr--RiskNotInsuredDepositoryInstitutionMember_zUGpJdK8cCmj">An investment in the Fund is not a deposit of the bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. <div style="display: none"></div> Before you decide whether to invest in the Fund, carefully consider these risk factors and special considerations associated with investing in the Fund, which may cause investors to lose money. An investment in the Fund is not a deposit of the bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. <p id="xdx_A85_err--RiskTextBlock_hrr--RiskAxis__custom--ETFAndMutualFundsRiskMember_zuBnHGR6rDJ5" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">ETF and Mutual Funds Risk. The Fund’s investment in ETFs and mutual funds (including other funds managed by the Adviser), generally reflects the risks of owning the underlying securities the ETF or mutual fund holds. It may also be more expensive for the Fund to invest in an ETF or mutual fund than to own the portfolio securities of these investment vehicles directly. An ETF may also trade at a discount to its net asset value. Investing in ETFs or mutual funds involves duplication of advisory fees and certain other expenses. The Fund will pay brokerage commissions in connection with the purchase and sale of shares of ETFs. In addition, the Fund may invest in underlying funds which invest a larger portion of their assets in one or more sectors than many other mutual funds, and thus will be more susceptible to negative events affecting those sectors. The Fund will be indirectly exposed to the risks of the portfolio assets held by an underlying fund in which the Fund invests, including, but not limited to, derivatives, currencies and leverage risk. The Fund may invest in affiliated mutual funds managed by North Square. The Adviser or Sub-Adviser may be subject to potential conflicts of interest in selecting underlying funds because the fees paid to it by certain affiliated underlying funds are higher than the fees paid by other affiliated and unaffiliated underlying funds. To the extent the Fund invests a significant percentage of its assets in any one affiliated mutual fund or across multiple affiliated mutual funds, the Fund will be subject to a greater degree to the risks particular to the investment strategies employed by the Adviser or Sub-Adviser. <div style="display: none"></div> <p id="xdx_A8C_err--RiskTextBlock_hrr--RiskAxis__custom--EquityRiskMember_zMewiNvINfqf" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Equity Risk. The value of the equity securities held by the Fund may fall due to general market and economic conditions, perceptions regarding the industries in which the issuers of securities held by the Fund participate, or factors relating to specific companies in which the Fund invests. <div style="display: none"></div> <p id="xdx_A82_err--RiskTextBlock_hrr--RiskAxis__custom--FixedIncomeSecuritiesRiskMember_zkWj8XcesVn3" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Fixed Income Securities Risk. The prices of fixed income securities respond to economic developments, particularly interest rate changes, as well as to changes in an issuer’s credit rating or market perceptions about the creditworthiness of an issuer. <div style="display: none"></div> <p id="xdx_A8F_err--RiskTextBlock_hrr--RiskAxis__custom--MarketRiskMember_zhuHvGSISuE" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Market Risk. The market price of a security or instrument may decline, sometimes rapidly or unpredictably, due to general market conditions that are not specifically related to a particular company, such as real or perceived adverse economic or political conditions throughout the world, including war, public health crises (including the occurrence of a contagious disease or illness, such as COVID-19), changes in the general outlook for corporate earnings, inflation, changes in interest or currency rates or adverse investor sentiment generally. The market value of a security or instrument also may decline because of factors that affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. <div style="display: none"></div> <p id="xdx_A85_err--RiskTextBlock_hrr--RiskAxis__custom--GrowthOrientedInvestmentStrategiesRiskMember_z2g7C6HJfCEi" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Growth-Oriented Investment Strategies Risk. Growth funds generally focus on stocks of companies believed to have above-average potential for growth in revenue and earnings. Growth securities typically are very sensitive to market movements because their market prices frequently reflect projections of future earnings or revenues, and when it appears that those expectations will not be met, the prices of growth securities typically fall. Prices of these companies’ securities may be more volatile than those of other securities, particularly over the short term. <div style="display: none"></div> <p id="xdx_A88_err--RiskTextBlock_hrr--RiskAxis__custom--SmallCapAndMidCapCompanyRiskMember_zqt9Xavv7JTb" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Small Cap and Mid Cap Company Risk. The securities of small capitalization and mid capitalization companies may be subject to more abrupt or erratic market movements and may have lower trading volumes or more erratic trading than securities of larger, more established companies or market averages in general. In addition, such companies typically are more likely to be adversely affected than large capitalization companies by changes in earning results, business prospects, investor expectations or poor economic or market conditions. <div style="display: none"></div> <p id="xdx_A88_err--RiskTextBlock_hrr--RiskAxis__custom--CurrencyRiskMember_zk1oAdIjg0S5" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Currency Risk. The values of investments in securities denominated in foreign currencies increase or decrease as the rates of exchange between those currencies and the U.S. Dollar change. Currency conversion costs and currency fluctuations could erase investment gains or add to investment losses. Currency exchange rates can be volatile and are affected by factors such as general economic conditions, the actions of the United States and foreign governments or central banks, the imposition of currency controls, and speculation. <div style="display: none"></div> <p id="xdx_A83_err--RiskTextBlock_hrr--RiskAxis__custom--EmergingMarketRiskMember_z06aKgPyCPhf" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Emerging Market Risk. Many of the risks with respect to foreign investments are more pronounced for investments in issuers in developing or emerging market countries. Emerging market countries tend to have more government exchange controls, more volatile interest and currency exchange rates, less market regulation, and less developed economic, political and legal systems than those of more developed countries. In addition, emerging market countries may experience high levels of inflation and may have less liquid securities markets and less efficient trading and settlement systems. In addition, companies in emerging market countries may not be subject to accounting, auditing, financial reporting and recordkeeping requirements that are as robust as those in more developed countries, and therefore, material information about a company may be unavailable or unreliable, and U.S. regulators may be unable to enforce a company’s regulatory obligations. <div style="display: none"></div> <p id="xdx_A8D_err--RiskTextBlock_hrr--RiskAxis__custom--InterestRateRiskMember_zQFdK5S3c8Dj" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Interest Rate Risk. Generally fixed income securities decrease in value if interest rates rise and increase in value if interest rates fall, with longer-term and lower rated securities being more volatile than shorter-term and higher-rated securities. Falling interest rates also create the potential for a decline in the Fund’s income. Changes in governmental policy, rising inflation rates, and general economic developments, among other factors, could cause interest rates to increase and could have a substantial and immediate effect on the values of the Fund’s investments. In addition, a rise in interest rates may result in periods of volatility and increased redemptions that might require the Fund to liquidate portfolio securities at disadvantageous prices and times. Risks associated with rising interest rates are heightened given that interest rates in the U.S. have risen from historically low levels in recent years. Interest rates may continue to increase in the future with unpredictable effects on the financial markets and the Fund’s investments. <div style="display: none"></div> <p id="xdx_A83_err--RiskTextBlock_hrr--RiskAxis__custom--PreferredStockRiskMember_zD9yMTRyetoa" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Preferred Stock Risk. Preferred stock represents an equity interest in a company that generally entitles the holder to receive, in preference to the holders of other stocks such as common stock, dividends and a fixed share of the proceeds resulting from a liquidation of the company. The market value of preferred stock is subject to company-specific and market risks applicable generally to equity securities and is also sensitive to changes in the company’s creditworthiness, the ability of the company to make payments on the preferred stock, and changes in interest rates, typically declining in value if interest rates rise. <div style="display: none"></div> <p id="xdx_A89_err--RiskTextBlock_hrr--RiskAxis__custom--MortgageBackedAndAssetBackedSecuritiesRiskMember_zZMAd17c5sZd" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Mortgage-Backed and Asset-Backed Securities Risk. Mortgage-backed and asset-backed securities represent interests in “pools” of mortgages or other assets, including consumer loans or receivables held in trust. Mortgage-backed securities are subject to “prepayment risk” (the risk that borrowers will repay a loan more quickly in periods of falling interest rates) and “extension risk” (the risk that borrowers will repay a loan more slowly in periods of rising interest rates). If the Fund invests in mortgage-backed or asset-backed securities that are subordinated to other interests in the same pool, the Fund may only receive payments after the pool’s obligations to other investors have been satisfied. An unexpectedly high rate of defaults on the assets held by a pool may limit substantially the pool’s ability to make payments of principal or interest to the Fund, reducing the values of those securities or in some cases rendering them worthless. The Fund’s investments in other asset-backed securities are subject to risks similar to those associated with mortgage-backed securities, as well as additional risks associated with the nature of the assets and the servicing of those assets. <div style="display: none"></div> <p id="xdx_A87_err--RiskTextBlock_hrr--RiskAxis__custom--ValueOrientedInvestmentStrategiesRiskMember_zU8kZWtSMjUc" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Value-Oriented Investment Strategies Risk. Value stocks are those that are believed to be undervalued in comparison to their peers due to adverse business developments or other factors. Value investing is subject to the risk that the market will not recognize a security’s inherent value for a long time or at all, or that a stock judged to be undervalued may actually be appropriately priced or overvalued. In addition, during some periods (which may be extensive), value stocks generally may be out of favor in the markets. <div style="display: none"></div> <p id="xdx_A85_err--RiskTextBlock_hrr--RiskAxis__custom--ManagementAndStrategyRiskMember_z2rMSdvNAO49" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Management and Strategy Risk. The value of your investment depends on the judgment of the Adviser or Sub-Adviser about the quality, relative yield, value or market trends affecting a particular security, industry, sector or region, which may prove to be incorrect. Investment strategies employed by the Adviser or Sub-Adviser in selecting investments for the Fund may not result in an increase in the value of your investment or in overall performance equal to other investments. To the extent that the Fund invests a significant percentage of its assets in any one underlying fund, the Fund will be subject to a greater degree to the risks particular to that underlying fund, and may experience greater volatility as a result. <div style="display: none"></div> <p id="xdx_A80_err--RiskTextBlock_hrr--RiskAxis__custom--ForeignInvestmentRiskMember_zxV12WBqu892" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Foreign Investment Risk. The Fund’s investments in underlying funds that invest in foreign stocks or the Fund’s direct investments in foreign securities can be riskier than U.S. stock investments. The prices of foreign securities may be more volatile than the prices of securities of U.S. issuers because of economic and social conditions abroad, political developments, and differences and changes in the regulatory environments of foreign countries. In addition, changes in exchange rates and interest rates may adversely affect the values of the Fund’s foreign investments. Foreign companies are generally subject to different legal and accounting standards than U.S. companies, and foreign financial intermediaries may be subject to less supervision and regulation than U.S. financial firms. Foreign securities include ADRs and GDRs. Unsponsored ADRs and GDRs are organized independently and without the cooperation of the foreign issuer of the underlying securities, and involve additional risks because U.S. reporting requirements do not apply. In addition, the issuing bank may deduct shareholder distribution, custody, foreign currency exchange, and other fees from the payment of dividends. <div style="display: none"></div> <p id="xdx_A82_err--RiskTextBlock_hrr--RiskAxis__custom--HighYieldJunkBondRiskMember_zX34lvGYtsJf" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">High Yield (“Junk”) Bond Risk. High yield bonds are debt securities rated below investment grade (often called “junk bonds”). Junk bonds are speculative, involve greater risks of default, downgrade, or price declines and are more volatile and tend to be less liquid than investment-grade securities. Companies issuing high yield bonds are less financially strong, are more likely to encounter financial difficulties, and are more vulnerable to adverse market events and negative sentiments than companies with higher credit ratings. <div style="display: none"></div> <p id="xdx_A8D_err--RiskTextBlock_hrr--RiskAxis__custom--CreditRiskMember_zDonPvXEw3Eg" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Credit Risk. If an issuer or guarantor of a debt security held by the Fund or a counterparty to a financial contract with the Fund defaults or is downgraded or is perceived to be less creditworthy, or if the value of the assets underlying a security declines, the value of the Fund’s portfolio will typically decline to some extent. <div style="display: none"></div> <p id="xdx_A8A_err--RiskTextBlock_hrr--RiskAxis__custom--InflationLinkedSecuritiesRiskMember_zHPN90PjJqFc" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Inflation-Linked Securities Risk. Inflation-linked debt securities are subject to the effects of changes in market interest rates caused by factors other than inflation (real interest rates). In general, the price of an inflation-linked security tends to decline when real interest rates increase. Unlike conventional bonds, the principal and interest payments of inflation-linked securities such as Treasury inflation-protected securities (“TIPS”) are adjusted periodically to a specified rate of inflation (e.g., the Consumer Price Index). There can be no assurance that the inflation index used will accurately measure the actual rate of inflation. These securities may lose value in the event that the actual rate of inflation is different than the rate of the inflation index. <div style="display: none"></div> <p id="xdx_A8C_err--RiskTextBlock_hrr--RiskAxis__custom--BankLoanRiskMember_zyfPck4pz9P6" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Bank Loan Risk. Bank loans and loan participations are subject to credit risk, including the risk of nonpayment of principal or interest. Also, substantial increases in interest rates may cause an increase in loan defaults. Although the loans may be fully collateralized at the time of acquisition, the collateral may decline in value, be relatively illiquid, or lose all or substantially all of its value subsequent to investment. Many loans are relatively illiquid or subject to restrictions on resale or assignment and may be difficult to value, which will have an adverse impact on the ability to dispose of particular bank loans in a favorable or timely fashion. Bank loans may also be subject to extension risk and prepayment risk. Transactions in bank loans are often subject to longer settlement periods (in excess of the standard T+2 days settlement cycle for most securities and often longer than seven days). As a result, sale proceeds potentially will not be available to the Fund to make additional investments or to use proceeds to meet its current redemption obligations. The Fund thus is subject to the risk of selling other investments at disadvantageous times or prices, or taking other actions necessary to raise cash to meet its redemption obligations such as borrowing from a bank or holding additional cash, which could result in losses to the Fund. In addition, bank loans and other similar instruments may not be considered “securities” and, as a result, the Fund may not be entitled to rely on the anti-fraud protections under the federal securities laws and instead may have to resort to state law and direct claims. <div style="display: none"></div> <p id="xdx_A86_err--RiskTextBlock_hrr--RiskAxis__custom--GovernmentSponsoredEntitiesRiskMember_zZfvl6BHCw6f" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Government-Sponsored Entities Risk. The Fund’s investment in U.S. government obligations may include securities issued or guaranteed as to principal and interest by the U.S. government, or its agencies or instrumentalities. There can be no assurance that the U.S. government would provide financial support to its agencies or instrumentalities (including government-sponsored enterprises) when it is not obligated to do so. <div style="display: none"></div> <p id="xdx_A88_err--RiskTextBlock_hrr--RiskAxis__custom--MunicipalSecuritiesRiskMember_zuyWhFW0P75i" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Municipal Securities Risk. Prices of municipal securities rise and fall in response to interest rate changes and local political and economic factors may adversely affect the value and liquidity of these securities. In addition, the Fund’s investments in municipal securities are subject to the risks associated with a lack of liquidity in the municipal bond market. The value of municipal securities also may be affected more by supply and demand factors or the creditworthiness of the issuer than by market interest rates. Repayment of municipal securities depends on the ability of the issuer or project backing such securities to generate taxes or revenues. <div style="display: none"></div> <p id="xdx_A81_err--RiskTextBlock_hrr--RiskAxis__custom--ConvertibleSecuritiesRiskMember_zZcZuN9Jmuo7" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Convertible Securities Risk. Convertible securities are subject to market and interest rate risk and credit risk. When the market price of the equity security underlying a convertible security decreases the convertible security tends to trade on the basis of its yield and other fixed income characteristics, and is more susceptible to credit and interest rate risks. When the market price of such equity security rises, the convertible security tends to trade on the basis of its equity conversion features and be more exposed to market risk. Convertible securities are frequently issued by smaller capitalized companies with stock prices that may be more volatile than those of other companies. <div style="display: none"></div> <p id="xdx_A8E_err--RiskTextBlock_hrr--RiskAxis__custom--LiquidityRiskMember_zaePGE6dus7b" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Liquidity Risk. The Fund may not be able to sell some or all of the investments that it holds due to a lack of demand in the marketplace or other factors such as market turmoil, or if the Fund is forced to sell an illiquid investment to meet redemption requests or other cash needs it may only be able to sell those investments at a loss. Illiquid investments may also be difficult to value. <div style="display: none"></div> <p id="xdx_A8A_err--RiskTextBlock_hrr--RiskAxis__custom--IPORiskMember_z0zLo3LO5PR3" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">IPO Risk. The market value of IPO shares will fluctuate considerably due to factors such as the absence of a prior public market, unseasoned trading, the small number of shares available for trading and limited information about the issuer. The purchase of IPO shares may involve high transaction costs. IPO shares are subject to market risk and liquidity risk. <div style="display: none"></div> <p id="xdx_A87_err--RiskTextBlock_hrr--RiskAxis__custom--WarrantsAndRightsRiskMember_zn2OSqQslddj" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Warrants and Rights Risk. Warrants and rights may lack a liquid secondary market for resale. The prices of warrants and rights may fluctuate as a result of speculation or other factors. Warrants and rights can provide a greater potential for profit or loss than an equivalent investment in the underlying security. Prices of warrants and rights do not necessarily move in tandem with the prices of their underlying securities and are highly volatile and speculative investments. If a warrant or right expires without being exercised, the Fund will lose any amount paid for the warrant or right. <div style="display: none"></div> <p id="xdx_A80_err--RiskTextBlock_hrr--RiskAxis__custom--LargeCapCompanyRiskMember_zf7nM5KLwSTf" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Large Cap Company Risk. Larger, more established companies may be unable to attain the high growth rates of successful, smaller companies during periods of economic expansion. Performance <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90B_err--PerformanceInformationIllustratesVariabilityOfReturns_c20240201__20240201__dei--LegalEntityAxis__custom--S000063487Member_zS54VfbWTL19">The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the performance of the Fund’s Class A shares from year to year and by showing how the average annual total returns of each class of the Fund compare with the average annual total returns of a broad-based market index. Performance for classes other than those shown may vary from the performance shown to the extent the expenses for those classes differ. Updated performance information is available at the Fund’s website, <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_905_err--PerformanceAvailabilityWebSiteAddress_c20240201__20240201__dei--LegalEntityAxis__custom--S000063487Member_zQJ8qPGWsZZ2">www.northsquareinvest.com, or by calling the Fund at <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_900_err--PerformanceAvailabilityPhone_c20240201__20240201__dei--LegalEntityAxis__custom--S000063487Member_zLhZN2AfQ6J2">1-855-551-5521. The Fund has adopted the historical performance of the Oak Ridge Multi Strategy Fund (the “Predecessor Fund”) as a result of a reorganization consummated after the close of business on May 10, 2019, in which the Fund acquired all of the assets, subject to the liabilities, of the Predecessor Fund. The performance information presented below for periods prior to the close of business on May 10, 2019 reflects the performance of the Predecessor Fund. At the time of the reorganization, the Fund and the Predecessor Fund had substantially identical investment strategies. Prior to the reorganization, the Fund was a “shell” fund with no assets and had not yet commenced operations. On July 18, 2017, the Predecessor Fund’s investment strategy changed. Prior to July 18, 2017, the Predecessor Fund invested primarily in equity securities of large capitalization companies with above average potential for earnings growth. Accordingly, the performance information presented below for periods prior to July 18, 2017 is based on the Predecessor Fund’s prior investment strategy. The Predecessor Fund had adopted the historical performance of the Pioneer Oak Ridge Large Cap Growth Fund (the “Pioneer Predecessor Fund”) as a result of a reorganization consummated after the close of business on October 17, 2014, in which the Predecessor Fund acquired all of the assets, subject to the liabilities, of the Pioneer Predecessor Fund. The performance information presented below for periods prior to the close of business on October 17, 2014 is based on the performance of the Pioneer Predecessor Fund. At the time of the reorganization, the Predecessor Fund and the Pioneer Predecessor Fund had substantially the same investment strategies. The Pioneer Predecessor Fund had adopted the historical performance of the Oak Ridge Large Cap Equity Fund (the “Initial Predecessor Fund”) as a result of a reorganization consummated after the close of business on February 13, 2004, in which the Pioneer Predecessor Fund acquired all of the assets, subject to the liabilities, of the Initial Predecessor Fund. The performance information presented below for periods prior to the close of business on February 13, 2004 is based on the performance of the Initial Predecessor Fund which commenced operations on March 1, 1999. At the time of the reorganization, the Pioneer Predecessor Fund and the Initial Predecessor Fund had substantially the same investment strategies. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90F_err--PerformancePastDoesNotIndicateFuture_c20240201__20240201__dei--LegalEntityAxis__custom--S000063487Member_z44FOqgmJWOl">The Fund’s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_901_err--BarChartDoesNotReflectSalesLoads_c20240201__20240201__dei--LegalEntityAxis__custom--S000063487Member_zk0IppnG27Ij">Sales loads are not reflected in the bar chart, and if those charges were included, returns would be less than those shown. The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the performance of the Fund’s Class A shares from year to year and by showing how the average annual total returns of each class of the Fund compare with the average annual total returns of a broad-based market index. www.northsquareinvest.com 1-855-551-5521 The Fund’s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future Sales loads are not reflected in the bar chart, and if those charges were included, returns would be less than those shown. Calendar-Year Total Return (before taxes) for Class A Shares For each calendar year at NAV 0.3336 0.0905 0.0402 0.0040 0.2636 -0.0827 0.2506 0.1703 0.2109 -0.1618 The <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_908_err--YearToDateReturnLabel_c20240201__20240201__dei--LegalEntityAxis__custom--S000063487Member__rr--ProspectusShareClassAxis__custom--C000205681Member_zQ40qaf0Dyag">year-to-date return as of <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_909_err--BarChartYearToDateReturnDate_c20240201__20240201__dei--LegalEntityAxis__custom--S000063487Member__rr--ProspectusShareClassAxis__custom--C000205681Member_z49nHucvqBs1">June 30, 2023 was <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90C_err--BarChartYearToDateReturn_c20240201__20240201__dei--LegalEntityAxis__custom--S000063487Member__rr--ProspectusShareClassAxis__custom--C000205681Member_zefbmb26f55">8.80%. <table cellpadding="3" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: #dcdcdc"> <td colspan="3" style="border: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">Class A</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; width: 50%"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_901_err--HighestQuarterlyReturnLabel_c20240201__20240201__dei--LegalEntityAxis__custom--S000063487Member__rr--ProspectusShareClassAxis__custom--C000205681Member_zJFsZrx8OVWc">Highest Calendar Quarter Return at NAV (non-annualized)</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 25%; text-align: center"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90F_err--BarChartHighestQuarterlyReturn_c20240201__20240201__dei--LegalEntityAxis__custom--S000063487Member__rr--ProspectusShareClassAxis__custom--C000205681Member_z8r3MXhcN1ui">20.10%</td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; vertical-align: bottom; width: 25%">Quarter ended <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_900_err--BarChartHighestQuarterlyReturnDate_c20240201__20240201__dei--LegalEntityAxis__custom--S000063487Member__rr--ProspectusShareClassAxis__custom--C000205681Member_zzM6RceX7yX7">6/30/2020</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_903_err--LowestQuarterlyReturnLabel_c20240201__20240201__dei--LegalEntityAxis__custom--S000063487Member__rr--ProspectusShareClassAxis__custom--C000205681Member_zjJSVit5qlY8">Lowest Calendar Quarter Return at NAV (non-annualized)</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center">-<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_907_err--BarChartLowestQuarterlyReturn_c20240201__20240201__dei--LegalEntityAxis__custom--S000063487Member__rr--ProspectusShareClassAxis__custom--C000205681Member_zpbbiHTRGlji">20.51%</td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; vertical-align: bottom">Quarter ended <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_908_err--BarChartLowestQuarterlyReturnDate_c20240201__20240201__dei--LegalEntityAxis__custom--S000063487Member__rr--ProspectusShareClassAxis__custom--C000205681Member_z6yxPKoUnpR5">3/31/2020</td></tr> </table> year-to-date return 2023-06-30 0.0880 Highest Calendar Quarter Return at NAV (non-annualized) 0.2010 2020-06-30 Lowest Calendar Quarter Return at NAV (non-annualized) 0.2051 2020-03-31 Average Annual Total Returns (for periods ended December 31, 2022) Class A - Return Before Taxes Class A - Return Before Taxes -0.2100 0.0513 0.0944 0.0509 1999-03-01 Class A - Return After Taxes on Distributions Class A - Return After Taxes on Distributions -0.2842 0.0062 0.0707 0.0400 1999-03-01 Class A - Return After Taxes on Distributions and Sale of Fund Shares Class A - Return After Taxes on Distributions and Sale of Fund Shares -0.0941 0.0312 0.0728 0.0403 1999-03-01 Class I - Return Before Taxes Class I - Return Before Taxes -0.1598 0.0689 0.1037 0.0725 2004-08-10 Russell 3000 Total Return Index (reflects no deduction for fees, expenses or taxes) Russell 3000 Total Return Index (reflects no deduction for fees, expenses or taxes) reflects no deduction for fees, expenses or taxes reflects no deduction for fees, expenses or taxes -0.1921 0.0879 0.1213 0.0710 1999-03-01 <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_903_err--PerformanceTableUsesHighestFederalRate_c20240201__20240201__dei--LegalEntityAxis__custom--S000063487Member_zHJgDkJkaYc9">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_905_err--PerformanceTableNotRelevantToTaxDeferred_c20240201__20240201__dei--LegalEntityAxis__custom--S000063487Member_zUgUOEJ6f8Ul">Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After–tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for Class A shares only and after-tax returns for classes other than Class A will vary from returns shown for Class A shares. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90A_err--PerformanceTableExplanationAfterTaxHigher_c20240201__20240201__dei--LegalEntityAxis__custom--S000063487Member_zQNr8PwWp8oe">In certain cases, Return After Taxes on Distributions and Sale of Fund Shares may be higher than the other return figures for the same period. This will occur when a capital loss is realized upon the sale of Fund shares or provides an assumed tax benefit that increases the return. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After–tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. In certain cases, Return After Taxes on Distributions and Sale of Fund Shares may be higher than the other return figures for the same period. This will occur when a capital loss is realized upon the sale of Fund shares or provides an assumed tax benefit that increases the return. SUMMARY SECTION – NORTH SQUARE PREFERRED AND INCOME SECURITIES FUND Investment Objective The investment objective of the North Square Preferred and Income Securities Fund (the “Fund”) is to seek total return through current income and capital appreciation. Fees and Expenses of the Fund This table describes the fees and expenses that you may pay if you buy, hold and sell shares of the Fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below. Shareholder Fees (fees paid directly from your investment) 0 0 0 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.0075 0 0.0045 0.0008 0.0008 0.0037 0.0037 0.0120 -0.0023 0.0097 September 30, 2029 Example This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same (taking into account the contractual fee waiver until September 30, 2029). <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_906_err--ExpenseExampleByYearCaption_c20240201__20240201__dei--LegalEntityAxis__custom--S000063488Member_zace1wa9IG14">Although your actual costs may be higher or lower, based on these assumptions your costs would be: Although your actual costs may be higher or lower, based on these assumptions your costs would be: 99 309 536 1313 Portfolio Turnover The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the portfolio turnover rate for the Fund was <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_908_err--PortfolioTurnoverRate_c20240201__20240201__dei--LegalEntityAxis__custom--S000063488Member_zxnHAer0zaMk">260% of the average value of its portfolio. 2.60 Principal Investment Strategies The Fund pursues its investment objective by primarily investing in preferred and debt securities and other income producing securities including convertible securities, and derivatives and securities of other investment companies, such as exchange-traded funds (“ETFs”). In pursuing the Fund’s investment strategy, Red Cedar Investment Management, LLC (“Red Cedar” or, the “Sub-Adviser”) seeks to identify securities it believes are undervalued considering credit quality, optionality, security structure and other investment characteristics. More specifically, the Fund’s Sub-Adviser seeks to identify securities which it believes offer attractive income and risk adjusted return characteristics. The Sub-Adviser takes into account prevailing market factors while building a portfolio of broadly diversified issuers. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_907_err--StrategyPortfolioConcentration_c20240201__20240201__dei--LegalEntityAxis__custom--S000063488Member_zjeAZQLSjjn9">Under normal market conditions, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in a portfolio of preferred and debt securities issued by U.S. and non-U.S. companies, including traditional preferred securities; hybrid preferred securities that have investment and economic characteristics of both preferred stock and debt securities; floating rate preferred securities; corporate debt securities; convertible securities; Additional Tier 1 securities (“AT1s”), also known as contingent convertible securities, and securities of other open-end, closed-end or ETFs that invest primarily in preferred and/or debt securities The Fund may invest over 25% of its net assets in the financials sector, which is comprised of the bank, diversified financials, real estate (including real estate investment trusts) and insurance industries. The Fund may also have 25% or more of its net assets invested in other sectors or industries including (but not limited to) energy, industrials, utilities, pipelines, health care and telecommunications. The Adviser retains broad discretion to allocate the Fund’s investments across various sectors and industries. The Fund may invest without limit in securities of non-U.S. companies, which may be non-U.S. dollar denominated. The Fund may invest up to 20% in emerging market local currency. Typically, emerging markets are in countries that are in the process of industrialization, with lower gross national products per capita than more developed countries. The Fund may invest in preferred and debt securities of any maturity or credit rating, including investment grade securities, below investment grade securities and unrated securities. Investment grade securities are those rated at the time of acquisition Baa3 or higher by Moody’s Investors Service, Inc. (“Moody’s”), or BBB- or higher by Standard & Poor’s, a division of McGraw Hill Companies Inc. (“S&P”), or Fitch Ratings Ltd. (“Fitch”) or, if unrated by S&P, Moody’s or Fitch, determined by Red Cedar to be of comparable quality. Below investment grade securities are also known as “high yield” or “junk” securities. The Fund may utilize derivatives, including futures, forward contracts, options, swaps, and other various derivative products. The Fund’s use of derivative instruments may be for enhancing returns, hedging against market risks, or providing synthetic exposure to specific industries or securities. The Fund may use futures and swaps to hedge against general market risk, and may also use interest rate swaps and credit default swaps to hedge against interest rate risk and credit risk, respectively. The Fund may use options to hedge against market risk or enhance returns and gain synthetic exposure to a security or sector. The Fund may sell short debt securities, equities, ETF’s or other cash securities. Under normal market conditions, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in a portfolio of preferred and debt securities issued by U.S. and non-U.S. companies, including traditional preferred securities; hybrid preferred securities that have investment and economic characteristics of both preferred stock and debt securities; floating rate preferred securities; corporate debt securities; convertible securities; Principal Risks of Investing <p id="xdx_A84_err--RiskTextBlock_hrr--RiskAxis__custom--AllRiskMember_zdBae4gAqWne" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Risk is inherent in all investing, including an investment in the Fund. An investment in the Fund involves risk, including the following principal risks, among others: Credit and Subordination Risk, Preferred Securities Risk, High Yield (“Junk”) Bond Risk, Hybrid Security Risk, Additional Tier 1 Securities Risk, Fixed Income Security Risk, Interest Rate Risk, Optionality Risk, Sector Focus Risk, Foreign Investments Risk, Rule 144A and Regulation S Securities Risk, Currency Risk, Emerging Markets Risk, Derivatives and Hedging Transactions Risk, and LIBOR Transition Risk. Summary descriptions of these and other principal risks of investing in the Fund are set forth below. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_901_err--RiskCaption_c20240201__20240201__dei--LegalEntityAxis__custom--S000063488Member__rr--RiskAxis__rr--RiskLoseMoneyMember_zoPjt9620i4b">Before you decide whether to invest in the Fund, carefully consider these risk factors and special considerations associated with investing in the Fund, which may cause investors to lose money. There can be no assurance that the Fund will achieve its investment objective. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_903_err--RiskCaption_c20240201__20240201__dei--LegalEntityAxis__custom--S000063488Member__rr--RiskAxis__rr--RiskNotInsuredDepositoryInstitutionMember_zlH33GMULC33">An investment in the Fund is not a deposit of the bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. <div style="display: none"></div> Before you decide whether to invest in the Fund, carefully consider these risk factors and special considerations associated with investing in the Fund, which may cause investors to lose money. An investment in the Fund is not a deposit of the bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. <p id="xdx_A84_err--RiskTextBlock_hrr--RiskAxis__custom--CreditAndSubordinationRiskMember_z4vO9ypV8ynb" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Credit and Subordination Risk. Credit risk is the risk that a preferred security in the Fund’s portfolio will decline in price or the issuer of the security will fail to make dividend, interest or principal payments when due because the issuer experiences a decline in its financial status. Preferred securities are generally subordinated to bonds and other debt instruments in a company’s capital structure in terms of having priority to corporate income, claims to corporate assets and liquidation payments, and therefore will be subject to greater credit risk than more senior debt instruments. <div style="display: none"></div> <p id="xdx_A86_err--RiskTextBlock_hrr--RiskAxis__custom--PreferredSecuritiesRiskMember_zv3WWthgj1oj" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Preferred Securities Risk. There are various risks associated with investing in preferred securities. These risks include deferral and omission of distributions; credit risk; subordination to bonds and other debt securities in a company’s capital structure; interest rate risk; prepayment and extension risk; call, reinvestment and income risk; liquidity risk; limited voting rights; and special redemption rights. In addition, the on-going COVID-19 outbreak has increased certain risks associated with investing in preferred securities. The impact of the COVID-19 outbreak could persist for years to come and the full impact to financial markets is not yet known. <div style="display: none"></div> <p id="xdx_A81_err--RiskTextBlock_hrr--RiskAxis__custom--HighYieldJunkBondRiskMember_zcWmU1Mmdqu5" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">High Yield (“Junk”) Bond Risk. High yield bonds are debt securities rated below investment grade (often called “junk bonds”). Junk bonds are speculative, involve greater risks of default, downgrade, or price declines and are more volatile and tend to be less liquid than investment grade securities. Companies issuing high yield bonds are less financially strong, are more likely to encounter financial difficulties, and are more vulnerable to adverse market events and negative sentiments than companies with higher credit ratings. <div style="display: none"></div> <p id="xdx_A8B_err--RiskTextBlock_hrr--RiskAxis__custom--HybridSecurityRiskMember_zHYOxdNsp20j" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Hybrid Security Risk. Hybrid securities are typically junior and fully subordinated liabilities of an issuer or the beneficiary of a guarantee that is junior and fully subordinated to the other liabilities of the guarantor. Hybrid securities may encompass several risks compared in other securities. Credit Risk is primary among these as Hybrids are generally subordinated debt instruments. Ratings may be two to three notches below that of the company’s senior debt. <div style="display: none"></div> <p id="xdx_A8C_err--RiskTextBlock_hrr--RiskAxis__custom--AdditionalTier1SecuritiesRiskMember_zRdKkyyUHfkc" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Additional Tier 1 Securities Risk. AT1s, also known as contingent convertible securities, are debt or preferred securities with loss absorption characteristics that provide for an automatic write-down of the principal amount or value of securities or the mandatory conversion into common shares of the issuer under certain circumstances. A mandatory conversion might be automatically triggered, for instance, if a company fails to meet the capital minimum described in the security, the company’s regulator makes a determination that the security should convert, or the company receives specified levels of extraordinary public support. Since the common stock of the issuer may not pay a dividend, investors in these instruments could experience a reduced income rate, potentially to zero, and conversion would deepen the subordination of the investor (worsening the Fund’s standing in a bankruptcy). In addition, some AT1s provide for an automatic write-down of capital under such circumstances. <div style="display: none"></div> <p id="xdx_A85_err--RiskTextBlock_hrr--RiskAxis__custom--FixedIncomeSecuritiesRiskMember_zMO7fM6lO4H2" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Fixed Income Securities Risk. The prices of fixed income securities respond to economic developments, particularly interest rate changes, as well as to changes in an issuer’s credit rating or market perceptions about the creditworthiness of an issuer. Generally, fixed income securities decrease in value if interest rates rise and increase in value if interest rates fall, and longer-term and lower rated securities are more volatile than shorter-term and higher rated securities. <div style="display: none"></div> <p id="xdx_A87_err--RiskTextBlock_hrr--RiskAxis__custom--InterestRateRiskMember_zpZcTdhE7Bc8" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Interest Rate Risk. Generally, fixed income securities decrease in value if interest rates rise and increase in value if interest rates fall, with longer-term securities being more sensitive than shorter-term securities. For example, the price of a security with a three-year duration would be expected to drop by approximately 3% in response to a 1% increase in interest rates. Generally, the longer the maturity and duration of a bond or fixed rate loan, the more sensitive it is to this risk. Falling interest rates also create the potential for a decline in the Fund’s income. Changes in governmental policy, rising inflation rates, and general economic developments, among other factors, could cause interest rates to increase and could have a substantial and immediate effect on the values of the Fund’s investments. In addition, a rise in interest rates may result in periods of volatility and increased redemptions that might require the Fund to liquidate portfolio securities at disadvantageous prices and times. <div style="display: none"></div> <p id="xdx_A84_err--RiskTextBlock_hrr--RiskAxis__custom--OptionalityRiskMember_z7PW4E0208dd" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Optionality Risk. Many bonds may be redeemed at the option of the issuer, or “called,” before their stated maturity date. In general, an issuer will call its bonds if they can be refinanced by issuing new bonds which bear a lower interest rate. The Fund is subject to the possibility that during periods of falling interest rates, a bond issuer will call its high yielding bonds. The Fund would then be forced to invest the unanticipated proceeds at lower interest rates or in securities with a higher risk of default, which may adversely impact the Fund’s performance. Such redemptions and subsequent reinvestments would also increase the Fund’s portfolio turnover. If the called bond was purchased or is currently valued at a premium, the value of the premium may be lost in the event of prepayment. Similarly, a company may choose not to call a security. In the case of a security with a long maturity date or perpetual security this may extend duration. Extension of the securities duration could increase the price sensitivity to changes in interest rates. Also, this may limit the ability to sell this security to purchase more attractive opportunities in the Fund. <div style="display: none"></div> <p id="xdx_A89_err--RiskTextBlock_hrr--RiskAxis__custom--SectorFocusRiskMember_z8IQDBVZMLZb" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Sector Focus Risk. The Fund may invest a larger portion of its assets in one or more sectors than many other mutual funds, and thus will be more susceptible to negative events affecting those sectors. <div style="display: none"></div> <p id="xdx_A8D_err--RiskTextBlock_hrr--RiskAxis__custom--ForeignInvestmentRiskMember_zsm9sXrmsSvh" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Foreign Investment Risk. The prices of foreign securities may be more volatile than the prices of securities of U.S. issuers because of economic and social conditions abroad, political developments, and differences and changes in the regulatory environments of foreign countries. In addition, changes in exchange rates and interest rates may adversely affect the values of the Fund’s foreign investments. Foreign companies are generally subject to different legal and accounting standards than U.S. companies, and foreign financial intermediaries may be subject to less supervision and regulation than U.S. financial firms. Emerging markets tend to be more volatile than the markets of more mature economies and generally have less diverse and less mature economic structures and less stable political systems than those of developed countries. <div style="display: none"></div> <p id="xdx_A8E_err--RiskTextBlock_hrr--RiskAxis__custom--Rule144AAndRegulationSSecuritiesRiskMember_zq49eLH3vci7" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Rule 144A and Regulation S Securities Risk. Certain securities in which the Fund may invest are Rule 144A and Regulation S Securities. Rule 144A and Regulation S Securities are considered restricted securities because they are not registered for sale to the general public and may only be resold to certain qualified institutional buyers. <div style="display: none"></div> <p id="xdx_A85_err--RiskTextBlock_hrr--RiskAxis__custom--CurrencyRiskMember_z8VZsmYkakZ" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Currency Risk. The values of investments in securities denominated in foreign currencies increase or decrease as the rates of exchange between those currencies and the U.S. Dollar change. Currency conversion costs and currency fluctuations could erase investment gains or add to investment losses. Currency exchange rates can be volatile and are affected by factors such as general economic conditions, the actions of the United States and foreign governments or central banks, the imposition of currency controls, and speculation. <div style="display: none"></div> <p id="xdx_A85_err--RiskTextBlock_hrr--RiskAxis__custom--EmergingMarketRiskMember_zncpK5fxHxl5" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Emerging Market Risk. Many of the risks with respect to foreign investments are more pronounced for investments in issuers in developing or emerging market countries. Emerging market countries tend to have more government exchange controls, more volatile interest and currency exchange rates, less market regulation, and less developed economic, political and legal systems than those of more developed countries. In addition, emerging market countries may experience high levels of inflation and may have less liquid securities markets and less efficient trading and settlement systems. In addition, companies in emerging market countries may not be subject to accounting, auditing, financial reporting, and recordkeeping requirements that are as robust as those in more developed countries, and therefore, material information about a company may be unavailable or unreliable, and U.S. regulators may be unable to enforce a company’s regulatory obligations. <div style="display: none"></div> <p id="xdx_A84_err--RiskTextBlock_hrr--RiskAxis__custom--DerivativesAndHedgingTransactionsRiskMember_zEtr0UAx7D8a" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Derivatives and Hedging Transactions Risk. The Sub-Adviser may make use of futures, forwards, forward contracts, options, swaps and other forms of derivative instruments. The use of derivative instruments exposes the Fund to additional risks and transaction costs. These instruments come in many varieties and have a wide range of potential risks and rewards, and may include futures contracts, options (both written and purchased), swaps and forward currency exchange contracts. A risk of the Fund’s use of derivatives is that the fluctuations in their values may not correlate perfectly with the overall securities markets. Additionally, to the extent the Fund is required to segregate or “set aside” (often referred to as “asset segregation”) liquid assets or otherwise cover open positions with respect to certain derivative instruments, the Fund may be required to sell portfolio instruments to meet these asset segregation requirements. There is a possibility that segregation involving a large percentage of the Fund’s assets could impede portfolio management or the Fund’s ability to meet redemption requests or other current obligations. Opening derivative positions also exposes the Fund to risk that the counterparty to the transaction defaults. Transactions in certain derivatives are subject to clearance on a U.S. national exchange and to regulatory oversight, while other derivatives are subject to risks of trading in the OTC markets or on non-U.S. exchanges. Additional risks associated with derivatives trading include but not limited to: counterparty risk, exchange or swap execution facility risk, collateral risk and market risk. <div style="display: none"></div> <p id="xdx_A8D_err--RiskTextBlock_hrr--RiskAxis__custom--LIBORTransitionRisk.Member_zCXmY9WG2gz1" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">LIBOR Transition Risk. Certain instruments in which the Fund may invest rely in some fashion upon the London Interbank Offered Rate (“LIBOR”). The United Kingdom’s Financial Conduct Authority (the “FCA”), which regulates LIBOR, ended most LIBOR settings at the end of 2021. The commonly used tenors of US dollars LIBOR are continuing until the end of June 2023. Actions by regulators have resulted in the establishment of alternative reference rates to LIBOR in most major currencies. Various financial industry groups have begun planning for the transition from LIBOR, but there are obstacles to converting certain longer-term securities and transactions to new references rates. There is no assurance that the composition or characteristics of any such alternative reference rate will be similar to or produce the same value or economic equivalence as LIBOR or that it will be used as frequently or have the same liquidity as LIBOR prior to its discontinuance. It is difficult to predict the full impact of the transition away from LIBOR on the Fund until new reference rates and fallbacks for both legacy and new products, instruments and contracts are commercially accepted. The transition away from LIBOR may lead to increased volatility or illiquidity in markets for instruments that currently rely on LIBOR. The transition may also result in a reduction in the value of certain instruments held by the Fund. Any such effects of the transition away from LIBOR, as well as other unforeseen effects, could result in losses to the Fund. Performance <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_904_err--PerformanceInformationIllustratesVariabilityOfReturns_c20240201__20240201__dei--LegalEntityAxis__custom--S000063488Member_zYjCEzICFla1">The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the performance of the Fund’s Class I shares from year to year and by showing how the average annual total returns of each class of the Fund compare with the average annual total returns of a broad-based market index. Performance for classes other than those shown may vary from the performance shown to the extent the expenses for those classes differ. Updated performance information is available at the Fund’s website, <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_908_err--PerformanceAvailabilityWebSiteAddress_c20240201__20240201__dei--LegalEntityAxis__custom--S000063488Member_zmwfeK8Jgxr9">www.northsquareinvest.com, or by calling the Fund at <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_906_err--PerformanceAvailabilityPhone_c20240201__20240201__dei--LegalEntityAxis__custom--S000063488Member_zLaLiinvAdF">1-855-551-5521. Effective January 11, 2022, the Fund made certain changes to its investment objective and principal investment strategies, including the modification of the strategies to invest in a portfolio of preferred and debt securities issued by U.S. and non-U.S. companies. Prior to January 11, 2022, the Fund invested primarily in equity securities that had a record of paying dividends over at least a trailing one year period. Effective January 11, 2022, the Fund’s sub-adviser also changed. Accordingly, the performance shown below for periods prior to January 11, 2022, is based on the Fund’s prior investment objective and principal investment strategies, as implemented by the Fund’s previous sub-adviser, and may not be representative of the Fund’s performance under its current principal investment strategies. The Fund has adopted the historical performance of the Oak Ridge Dividend Growth Fund (the “Predecessor Fund”) as a result of a reorganization consummated after the close of business on May 10, 2019, in which the Fund acquired all of the assets, subject to the liabilities, of the Predecessor Fund. The performance information presented below for periods prior to the close of business on May 10, 2019 reflects the performance of the Predecessor Fund. At the time of the reorganization, the Fund and the Predecessor Fund had substantially the same investment strategies. Prior to the reorganization, the Fund was a “shell” fund with no assets and had not yet commenced operations. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_907_err--PerformancePastDoesNotIndicateFuture_c20240201__20240201__dei--LegalEntityAxis__custom--S000063488Member_zYjc76tQfWAa">The Fund’s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90A_err--BarChartDoesNotReflectSalesLoads_c20240201__20240201__dei--LegalEntityAxis__custom--S000063488Member_zr228rXgnoAa">Sales loads are not reflected in the bar chart, and if those charges were included, returns would be less than those shown. The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the performance of the Fund’s Class I shares from year to year and by showing how the average annual total returns of each class of the Fund compare with the average annual total returns of a broad-based market index. www.northsquareinvest.com 1-855-551-5521 The Fund’s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. Sales loads are not reflected in the bar chart, and if those charges were included, returns would be less than those shown. Calendar-Year Total Return (before taxes) for Class I Shares For each calendar year at NAV 0.1086 -0.0091 0.1065 0.2056 -0.0095 0.3048 0.1226 0.2740 -0.1336 The <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_905_err--YearToDateReturnLabel_c20240201__20240201__dei--LegalEntityAxis__custom--S000063488Member__rr--ProspectusShareClassAxis__custom--C000205685Member_zSGn9xgkNRs7">year-to-date return as of <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90E_err--BarChartYearToDateReturnDate_c20240201__20240201__dei--LegalEntityAxis__custom--S000063488Member__rr--ProspectusShareClassAxis__custom--C000205685Member_znBkLKPybp08">June 30, 2023 was <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90B_err--BarChartYearToDateReturn_c20240201__20240201__dei--LegalEntityAxis__custom--S000063488Member__rr--ProspectusShareClassAxis__custom--C000205685Member_zG07FsYJvZwk">3.90%. <table cellpadding="3" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: #dcdcdc"> <td colspan="3" style="border: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">Class I</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; width: 50%"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_907_err--HighestQuarterlyReturnLabel_c20240201__20240201__dei--LegalEntityAxis__custom--S000063488Member__rr--ProspectusShareClassAxis__custom--C000205685Member_zfrv7ZpE33r3">Highest Calendar Quarter Return at NAV (non-annualized)</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 25%; text-align: center"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_901_err--BarChartHighestQuarterlyReturn_c20240201__20240201__dei--LegalEntityAxis__custom--S000063488Member__rr--ProspectusShareClassAxis__custom--C000205685Member_zAAN8QLr0gg3">18.53%</td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; vertical-align: bottom; width: 25%">Quarter ended <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90E_err--BarChartHighestQuarterlyReturnDate_c20240201__20240201__dei--LegalEntityAxis__custom--S000063488Member__rr--ProspectusShareClassAxis__custom--C000205685Member_zYKNK8Kj1dT2">6/30/2020</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_907_err--LowestQuarterlyReturnLabel_c20240201__20240201__dei--LegalEntityAxis__custom--S000063488Member__rr--ProspectusShareClassAxis__custom--C000205685Member_zw3MJRIartai">Lowest Calendar Quarter Return at NAV (non-annualized)</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90A_err--BarChartLowestQuarterlyReturn_c20240201__20240201__dei--LegalEntityAxis__custom--S000063488Member__rr--ProspectusShareClassAxis__custom--C000205685Member_zX2wm0zEnXsb">-20.16%</td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; vertical-align: bottom">Quarter ended <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_905_err--BarChartLowestQuarterlyReturnDate_c20240201__20240201__dei--LegalEntityAxis__custom--S000063488Member__rr--ProspectusShareClassAxis__custom--C000205685Member_zk2EHSzmHJt">3/31/2020</td></tr> </table> year-to-date return 2023-06-30 0.0390 Highest Calendar Quarter Return at NAV (non-annualized) 0.1853 2020-06-30 Lowest Calendar Quarter Return at NAV (non-annualized) -0.2016 2020-03-31 Average Annual Total Returns (for periods ended December 31, 2022) Class I - Return Before Taxes Class I - Return Before Taxes -0.1336 0.0987 0.1100 2013-06-28 Class I - Return After Taxes on Distributions Class I - Return After Taxes on Distributions -0.1661 0.0821 0.0986 2013-06-28 Class I - Return After Taxes on Distributions and Sale of Fund Shares Class I - Return After Taxes on Distributions and Sale of Fund Shares -0.0608 0.0770 0.0893 2013-06-28 ICE BofAML Fixed Rate Preferred Securities Index (reflects no deduction for fees, expenses or taxes) ICE BofAML Fixed Rate Preferred Securities Index (reflects no deduction for fees, expenses or taxes) reflects no deduction for fees, expenses or taxes reflects no deduction for fees, expenses or taxes -0.1459 0.0101 0.0375 2013-06-28 <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90E_err--PerformanceTableUsesHighestFederalRate_c20240201__20240201__dei--LegalEntityAxis__custom--S000063488Member_z85JwY2Gr7Vb">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90A_err--PerformanceTableNotRelevantToTaxDeferred_c20240201__20240201__dei--LegalEntityAxis__custom--S000063488Member_zji7KLOHnQWd">Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After–tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_907_err--PerformanceTableExplanationAfterTaxHigher_c20240201__20240201__dei--LegalEntityAxis__custom--S000063488Member_zqBLrM1xxKzh">In certain cases, Return After Taxes on Distributions and Sale of Fund Shares may be higher than the other return figures for the same period. This will occur when a capital loss is realized upon the sale of Fund shares or provides an assumed tax benefit that increases the return. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After–tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. In certain cases, Return After Taxes on Distributions and Sale of Fund Shares may be higher than the other return figures for the same period. This will occur when a capital loss is realized upon the sale of Fund shares or provides an assumed tax benefit that increases the return. SUMMARY SECTION - NORTH SQUARE TACTICAL GROWTH FUND Investment Objective The investment objective of the North Square Tactical Growth Fund (the “Fund”) is to seek long-term capital appreciation. Fees and Expenses of the Fund This table describes the fees and expenses that you may pay if you buy, hold and sell shares of the Fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_905_err--ExpenseBreakpointDiscounts_c20240201__20240201__dei--LegalEntityAxis__custom--S000070728Member__rr--ProspectusShareClassAxis__custom--C000224838Member_zxw2NyI7DiV7">You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_908_err--ExpenseBreakpointMinimumInvestmentRequiredAmount_c20240201__20240201__dei--LegalEntityAxis__custom--S000070728Member__rr--ProspectusShareClassAxis__custom--C000224838Member_zbKKGzT7HeQl">50,000 in Class A shares of the Fund. More information about these and other discounts is available from your financial intermediary and in the section titled “Class A Shares” and in “APPENDIX A – Waivers and Discounts Available from Certain Intermediaries” of the Prospectus. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Class A shares of the Fund. 50000 Shareholder Fees (fees paid directly from your investment) 0.0575 0 0 0 0 0.0100 0.0100 0 0 0 0 0 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.0108 0.0108 0.0108 0.0025 0.0100 0 0.0041 0.0042 0.0042 0.0008 0.0009 0.0009 0.0033 0.0033 0.0033 0.0013 0.0013 0.0013 0.0187 0.0263 0.0163 -0.0019 -0.0020 -0.0020 0.0168 0.0243 0.0143 No sales charge applies on investments of $500,000 or more, but a contingent deferred sales charge (“CDSC”) of 1% will be imposed on certain redemptions of such shares within 12 months of the date of purchase. A CDSC of 1.00% will be charged on Class C Shares purchases that are redeemed in whole or in part within 12 months of purchase. The total annual fund operating expenses and net operating expenses do not correlate to the ratio of expenses to average net assets appearing in the financial highlights table, which reflects only the operating expenses of the Fund and does not include acquired fund fees and expenses. September 30, 2025 Example This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same (taking into account the contractual fee waiver until September 30, 2025). <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_903_err--ExpenseExampleByYearCaption_c20240201__20240201__dei--LegalEntityAxis__custom--S000070728Member_zsIhj33lNzK1">Although your actual costs may be higher or lower, based on these assumptions your costs would be: Although your actual costs may be higher or lower, based on these assumptions your costs would be: 736 1093 1494 2609 346 779 1359 2933 146 474 848 1898 For the share class listed below, you would pay the following expenses if you did not redeem your shares: 246 779 1359 2933 Portfolio Turnover The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the portfolio turnover rate for the Fund was <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90B_err--PortfolioTurnoverRate_c20240201__20240201__dei--LegalEntityAxis__custom--S000070728Member_zlrd46086qYa">96% of the average value of its portfolio. 0.96 Principal Investment Strategies In seeking to achieve the Fund’s investment objective, the Adviser has selected NSI Retail Advisors, LLC (the “Sub-Adviser”), an affiliate of, and under common control with, the Adviser, to serve as the Fund’s investment sub-adviser and allocates the Fund’s assets to the Sub-Adviser. The Adviser retains the ability to manage all or a portion of the Fund’s assets directly. To achieve its investment objective, the Fund invests primarily in actively managed or index-based exchange traded funds (“ETFs”), mutual funds and other investment companies, groups of securities related by index or sector made available through certain brokers at a discount brokerage rate (such as stock baskets, baskets of bonds and other index-or sector-based groups of related securities) and options or futures positions (e.g., options or futures contracts on securities, securities indexes, currencies or other financial instruments) with respect to any of the foregoing intended to match or approximate their performance (collectively, “Fund Investments”) that the Sub-Adviser believes have the potential for capital appreciation. The Fund’s investment strategy, which utilizes a Sharpe Ratio approach, will emphasize growth style investing, but Fund Investments may also at times have value characteristics. In allocating the Fund’s assets, the Sub-Adviser uses a proprietary quantitative research process to determine current risk in the broad equity markets, as well as to determine the Fund’s: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0in; margin-bottom: 0in; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: top; text-align: justify"> <td style="font-family: Times New Roman, Times, Serif; width: 0.25in"></td> <td style="font-family: Times New Roman, Times, Serif; width: 0.25in; text-align: left">●</td> <td style="font-family: Times New Roman, Times, Serif; text-align: justify">optimum cash position;</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0in; margin-bottom: 0in; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: top; text-align: justify"> <td style="font-family: Times New Roman, Times, Serif; width: 0.25in"></td> <td style="font-family: Times New Roman, Times, Serif; width: 0.25in; text-align: left">●</td> <td style="font-family: Times New Roman, Times, Serif; text-align: justify">weighting between the value and growth segments of the market;</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0in; margin-bottom: 0in; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: top; text-align: justify"> <td style="font-family: Times New Roman, Times, Serif; width: 0.25in"></td> <td style="font-family: Times New Roman, Times, Serif; width: 0.25in; text-align: left">●</td> <td style="font-family: Times New Roman, Times, Serif; text-align: justify">sector and industry allocation; and</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0in; margin-bottom: 0in; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: top; text-align: justify"> <td style="font-family: Times New Roman, Times, Serif; width: 0.25in"></td> <td style="font-family: Times New Roman, Times, Serif; width: 0.25in; text-align: left">●</td> <td style="font-family: Times New Roman, Times, Serif; text-align: justify">domestic and international exposure.</td> </tr> </table> The Sub-Adviser generally will search for investments that exhibit attractive valuations on several metrics, which may include, without limitation, price movement, volatility, price-to-earnings ratios, growth rates, price-to-cash flow ratios and price-to-book ratios. To participate in markets and market sectors, the Sub-Adviser’s investment philosophy emphasizes purchasing Fund Investments, which the Sub-Adviser believes are a convenient way to invest in both broad market indexes (e.g., the S&P 500, Russell 2000, NASDAQ-100, MSCI EAFE, Barclays bond indexes etc.) and market sector indexes (e.g., healthcare indexes, utilities indexes, real estate indexes, commodities-related indexes, etc.). The Sub-Adviser retains the flexibility to allocate among equity or fixed-income Fund Investments as determined to be suitable for the Fund. The Fund may invest up to 100% of its assets in Fund Investments that have portfolios comprised of equity securities (including domestic or foreign companies of any size in any sector) or fixed-income securities (including domestic or foreign corporate and/or government bonds issued by any size company, municipality or government body in any sector of any maturity, yield or quality rating, including investment grade and high yield, non-investment grade fixed income securities (commonly known as “junk bonds”)). The mix of fixed income and equity Fund Investments may be substantially over-weighted or under-weighted in favor of fixed income or equities, depending on prevailing market conditions. The Fund may participate in a limited number of industry sectors, but will not concentrate its investments in any particular sector. The Fund may invest in options or futures positions for speculative purposes, when the Sub-Adviser determines that they provide a more efficient way to increase or reduce the Fund’s overall exposure to an industry or sector than buying or selling other Fund Investments, or to hedge against risks of investments in the Fund’s portfolio or markets generally. In general, the Fund will not purchase or sell futures contracts or related options unless either (i) the futures contracts or options thereon are purchased for “bona fide hedging” purposes (as defined under regulations promulgated by the U.S. Commodity Futures Trading Commission (“CFTC”)); or (ii) if purchased for other purposes, (A) the sum of the amounts of initial margin deposits on the Fund’s existing futures and premiums required to establish non-hedging positions, less the amount by which any such options positions are “in-the-money” (as defined under CFTC regulations) would not exceed 5% of the liquidation value of the Fund’s total assets, or (B) the aggregate net notional value of commodity futures, commodity options contracts, or swaps positions, determined at the time the most recent position was established, does not exceed 100 percent of the liquidation value of the of the Fund’s total assets. The Fund may at times hold all or a portion of its assets in cash and short-term, highly liquid investments, such as money market instruments, U.S. government obligations, commercial paper, repurchase agreements, and other cash or cash equivalent positions (“Cash Positions”), either due to pending investments or when investment opportunities are limited. The Sub-Adviser generally sells a security under one or more of the following conditions: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0in; margin-bottom: 0in; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: top; text-align: justify"> <td style="font-family: Times New Roman, Times, Serif; width: 0.25in"></td> <td style="font-family: Times New Roman, Times, Serif; width: 0.25in; text-align: left">●</td> <td style="font-family: Times New Roman, Times, Serif; text-align: justify">the security reaches the Sub-Adviser’s appraised value;</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0in; margin-bottom: 0in; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: top; text-align: justify"> <td style="font-family: Times New Roman, Times, Serif; width: 0.25in"></td> <td style="font-family: Times New Roman, Times, Serif; width: 0.25in; text-align: left">●</td> <td style="font-family: Times New Roman, Times, Serif; text-align: justify">there is a more attractively priced Fund Investment or other security as an alternative;</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0in; margin-bottom: 0in; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: top; text-align: justify"> <td style="font-family: Times New Roman, Times, Serif; width: 0.25in"></td> <td style="font-family: Times New Roman, Times, Serif; width: 0.25in; text-align: left">●</td> <td style="font-family: Times New Roman, Times, Serif; text-align: justify">the optimum Cash Position has changed based on the Sub-Adviser’s quantitative research;</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0in; margin-bottom: 0in; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: top; text-align: justify"> <td style="font-family: Times New Roman, Times, Serif; width: 0.25in"></td> <td style="font-family: Times New Roman, Times, Serif; width: 0.25in; text-align: left">●</td> <td style="font-family: Times New Roman, Times, Serif; text-align: justify">the weighting between the value and growth segments of the market have changed based on the Sub-Adviser’s quantitative research;</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0in; margin-bottom: 0in; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: top; text-align: justify"> <td style="font-family: Times New Roman, Times, Serif; width: 0.25in"></td> <td style="font-family: Times New Roman, Times, Serif; width: 0.25in; text-align: left">●</td> <td style="font-family: Times New Roman, Times, Serif; text-align: justify">the weighting between sector and industry allocations have changed based on the Sub-Adviser’s quantitative research; or</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0in; margin-bottom: 0in; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: top; text-align: justify"> <td style="font-family: Times New Roman, Times, Serif; width: 0.25in"></td> <td style="font-family: Times New Roman, Times, Serif; width: 0.25in; text-align: left">●</td> <td style="font-family: Times New Roman, Times, Serif; text-align: justify">the weighting between domestic and international exposure have changed based on the Sub-Adviser’s quantitative research.</td> </tr> </table> Principal Risks of Investing <p id="xdx_A80_err--RiskTextBlock_hrr--RiskAxis__custom--AllRiskMember_zH8RbfMr4GJ9" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Risk is inherent in all investing including an investment in the Fund. An investment in the Fund involves risk, including, the following principal risks, among others: Management and Strategy Risk, ETF and Mutual Funds Risk, Market Risk, Sector Focus Risk, Equity Risk, Growth-Oriented Investment Strategies Risk, Commodity Risk, Currency Risk, Foreign Investment Risk, Fixed Income Securities Risk, Interest Rate Risk, Credit Risk, Liquidity Risk, High Yield (“Junk”) Bond Risk, Large-Cap Company Risk, Small Cap and Mid Cap Company Risk, and Government-Sponsored Entities Risk. Summary descriptions of these and other principal risks of investing in the Fund are set forth below. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_905_err--RiskCaption_c20240201__20240201__dei--LegalEntityAxis__custom--S000070728Member__rr--RiskAxis__rr--RiskLoseMoneyMember_z3y6uMCS64se">Before you decide whether to invest in the Fund, carefully consider these risks associated with investing in the Fund, which may cause investors to lose money. There can be no assurance that the Fund will achieve its investment objective. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_902_err--RiskCaption_c20240201__20240201__dei--LegalEntityAxis__custom--S000070728Member__rr--RiskAxis__rr--RiskNotInsuredDepositoryInstitutionMember_z1cTGNghfmtl">An investment in the Fund is not a deposit of the bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. <div style="display: none"></div> Before you decide whether to invest in the Fund, carefully consider these risks associated with investing in the Fund, which may cause investors to lose money. An investment in the Fund is not a deposit of the bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. <p id="xdx_A87_err--RiskTextBlock_hrr--RiskAxis__custom--ManagementAndStrategyRiskMember_zk0RiVrqxEu2" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Management and Strategy Risk. The value of your investment depends on the judgment of the Adviser or Sub-Adviser about the quality, relative yield, value or market trends affecting a particular security, industry, sector or region, which may prove to be incorrect. Investment strategies employed by the Adviser or Sub-Adviser in selecting Fund Investments may not result in an increase in the value of your investment or in overall performance equal to other investments. <div style="display: none"></div> <p id="xdx_A85_err--RiskTextBlock_hrr--RiskAxis__custom--ETFAndMutualFundsRiskMember_zs4NfEoREe24" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">ETF and Mutual Funds Risk. The Fund may invest in underlying ETFs and mutual funds (including other funds managed or sub-advised by the Adviser or its affiliates (“North Square-Related Funds”)). Any such investment generally will reflect the risks of owning the underlying securities the ETF or mutual fund holds. It may also be more expensive for the Fund to invest in an ETF or mutual fund than to own the portfolio securities of these investment vehicles directly. Investing in ETFs and mutual funds may involve duplication of advisory fees and certain other expenses. The Fund will pay brokerage commissions in connection with the purchase and sale of shares of ETFs. An ETF may also trade at a discount to its net asset value. In addition, the Fund may invest in underlying funds that invest a larger portion of their assets in one or more sectors than many other mutual funds, and thus will be more susceptible to negative events affecting those sectors. The Fund will be indirectly exposed to the risks of the portfolio assets held by an underlying fund in which the Fund invests, including, but not limited to, derivatives, currencies and leverage risk. The Fund may invest in North Square-Related Funds in connection with any such investment. The Adviser or Sub-Adviser may be subject to potential conflicts of interest in selecting underlying funds because, among other reasons, the fees paid to it by North Square-Related Funds may be higher than the fees paid by other potential underlying funds and other benefits to the Adviser and Sub-Adviser may result from investments in North Square-Related Funds. Investments in ETFs and mutual funds are also subject to the following additional risks: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">○</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Expenses. Since the Fund is a “fund of funds,” your cost of investing in the Fund will generally be higher than the cost of investing directly in ETFs or other investment companies, because you will indirectly bear fees and expenses charged by the underlying ETFs and investment companies in which the Fund invests in addition to the Fund’s direct fees and expenses. Furthermore, the use of a fund of funds structure could affect the timing, amount, and character of a fund’s distributions and therefore may increase the amount of your tax liability.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">○</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Investment Limitation. Under Section 12(d)(1) of the Investment Company Act of 1940 (the “1940 Act”), the Fund is generally subject to limits on investments in shares of an ETF or other investment company. However, the Fund is permitted to invest in ETFs or investment companies beyond the limits, subject to certain terms and conditions set forth in Securities and Exchange Commission (the “SEC”) rules. Accordingly, the limitations, or satisfaction of certain conditions specified in the rules, may prevent the Fund from allocating its investments in the manner the Adviser considers optimal or cause the Adviser to select an investment other than that which the Adviser considers optimal.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">○</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Market Value Risk. The market value of an ETF’s shares may differ from its net asset value (“NAV”). This difference in price may be due to the fact that the supply and demand in the market for ETF shares at any point in time is not always identical to the supply and demand in the market for the underlying basket of securities. Accordingly, there may be times when an ETF trades at a premium (creating the risk that the Fund pays more than NAV for an ETF when making a purchase) or discount (creating the risks that the Fund’s NAV is reduced for undervalued ETFs it holds, and that the Fund receives less than NAV when selling an ETF).</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">○</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Operational Risks. There can be no assurance that an active trading market will develop and be maintained for the shares of the ETFs in which the Fund invests. Further, market makers (other than lead market makers) have no obligation to make markets in an ETF’s shares and may discontinue doing so at any time without notice. To the extent no market makers are willing to process creation and/or redemption orders for an ETF, shares of the ETF may trade like closed-end fund shares at a discount to NAV and the ETF may possibly face delisting. Trading in an ETF’s shares may be halted because of market conditions or for reasons that, in the view of the exchange on which the ETF lists its shares, make trading in the ETF’s shares inadvisable. In addition, trading in an ETF’s shares is subject to trading halts caused by extraordinary market volatility pursuant to “circuit breaker” rules. During stressed market conditions, the liquidity of an ETF’s shares may be less than the liquidity of the securities in the ETF’s portfolio. Any of the foregoing would have an adverse effect on the value of the Fund’s investment in the ETF’s shares.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">○</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Registration. Shareholders of ETFs that are registered under the Securities Act of 1933 but not the 1940 Act, such as certain ETFs that invest in commodities, do not have the protections of the 1940 Act.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">○</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Sampling Risk. Index-based Fund Investments may utilize a representative sampling approach to track their respective underlying indices. Index-based Fund Investments that utilize a representative sampling approach are subject to an increased risk of tracking error because the securities selected for the Fund Investment in the aggregate may vary from the investment profile of the underlying index. Additionally, if using a representative sampling approach, a Fund Investment will typically hold a smaller number of securities than the underlying index, and as a result, an adverse development to a Fund Investment could result in a greater decline in NAV than would be the case if the Fund Investment held all of the securities in the underlying index.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">○</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Tracking Risk. Index-based Fund Investments may not be able to replicate exactly the performance of the indices they track because the total return generated by the securities will be reduced by transaction costs incurred in adjusting the actual balance of the securities. In addition, Fund Investments may incur expenses not incurred by their applicable indices. Certain securities comprising these indices may, from time to time, temporarily be unavailable, which may further impede a Fund Investment’s ability to track its applicable indices or match its performance.</td></tr> </table> <div style="display: none"></div> <p id="xdx_A8A_err--RiskTextBlock_hrr--RiskAxis__custom--MarketRiskMember_zL9kR4CA9Hye" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Market Risk. The market price of a security or instrument may decline, sometimes rapidly or unpredictably, due to general market conditions that are not specifically related to a particular company, such as real or perceived adverse economic or political conditions throughout the world, including war, public health crises (including the occurrence of a contagious disease or illness), changes in the general outlook for corporate earnings, inflation, changes in interest or currency rates or adverse investor sentiment generally. The market value of a security or instrument also may decline because of factors that affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. <div style="display: none"></div> <p id="xdx_A86_err--RiskTextBlock_hrr--RiskAxis__custom--SectorFocusRiskMember_zygkDZy5VPpb" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Sector Focus Risk. The Fund may invest a larger portion of its assets in one or more sectors than many other mutual funds, and thus will be more susceptible to negative events affecting those sectors. <div style="display: none"></div> <p id="xdx_A85_err--RiskTextBlock_hrr--RiskAxis__custom--EquityRiskMember_z5seQervXTrj" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Equity Risk. The value of the equity securities held by the Fund may fall due to general market and economic conditions, perceptions regarding the industries in which the issuers of securities held by the Fund participate, or factors relating to specific companies in which the Fund invests. <div style="display: none"></div> <p id="xdx_A8D_err--RiskTextBlock_hrr--RiskAxis__custom--GrowthOrientedInvestmentStrategiesRiskMember_zp9Uii6yiwZd" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Growth-Oriented Investment Strategies Risk. Growth funds generally focus on stocks of companies believed to have above-average potential for growth in revenue and earnings. Growth securities typically are very sensitive to market movements because their market prices frequently reflect projections of future earnings or revenues, and when it appears that those expectations will not be met, the prices of growth securities typically fall. Prices of these companies’ securities may be more volatile than those of other securities, particularly over the short term. <div style="display: none"></div> <p id="xdx_A88_err--RiskTextBlock_hrr--RiskAxis__custom--CommodityRiskMember_zrZ5wevuNZa7" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Commodity Risk. Investing in commodities through commodity-linked ETFs and mutual funds may subject the Fund to potentially greater volatility than investments in traditional securities. The value of commodity-linked ETFs and mutual funds will be affected by changes in overall market movements, commodity index volatility, changes in interest rates, or factors affecting a particular industry or commodity, such as drought, floods, weather, livestock disease, embargoes, tariffs and international economic, political and regulatory developments. <div style="display: none"></div> <p id="xdx_A85_err--RiskTextBlock_hrr--RiskAxis__custom--CurrencyRiskMember_zzbICWPfC9Ef" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Currency Risk. The values of investments in securities denominated in foreign currencies increase or decrease as the rates of exchange between those currencies and the U.S. Dollar change. Currency conversion costs and currency fluctuations could erase investment gains or add to investment losses. Currency exchange rates can be volatile and are affected by factors such as general economic conditions, the actions of the United States and foreign governments or central banks, the imposition of currency controls, and speculation. <div style="display: none"></div> <p id="xdx_A8E_err--RiskTextBlock_hrr--RiskAxis__custom--ForeignInvestmentRiskMember_zLBZo7qYSQJj" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Foreign Investment Risk. The prices of foreign securities may be more volatile than the prices of securities of U.S. issuers because of economic and social conditions abroad, political developments, and differences and changes in the regulatory environments of foreign countries. In addition, changes in exchange rates and interest rates may adversely affect the values of the Fund’s foreign investments. Foreign companies are generally subject to different legal and accounting standards than U.S. companies, and foreign financial intermediaries may be subject to less supervision and regulation than U.S. financial firms. Foreign securities include ADRs and Global Depositary Receipts (“GDRs”). Unsponsored ADRs and GDRs are organized independently and without the cooperation of the foreign issuer of the underlying securities, and involve additional risks because U.S. reporting requirements do not apply and the issuing bank will recover shareholder distribution costs from changes in share prices and payment of dividends. <div style="display: none"></div> <p id="xdx_A8B_err--RiskTextBlock_hrr--RiskAxis__custom--FixedIncomeSecuritiesRiskMember_zMUKwrCNjIF2" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Fixed Income Securities Risk. The prices of fixed income securities respond to economic developments, particularly interest rate changes, as well as to changes in an issuer’s credit rating or market perceptions about the creditworthiness of an issuer. <div style="display: none"></div> <p id="xdx_A8A_err--RiskTextBlock_hrr--RiskAxis__custom--InterestRateRiskMember_zq3CgDylQQzk" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Interest Rate Risk. Generally fixed income securities decrease in value if interest rates rise and increase in value if interest rates fall, with longer-term and lower rated securities being more volatile than shorter-term and higher-rated securities. Falling interest rates also create the potential for a decline in the Fund’s income. Changes in governmental policy, rising inflation rates, and general economic developments, among other factors, could cause interest rates to increase and could have a substantial and immediate effect on the values of the Fund’s investments. In addition, a rise in interest rates may result in periods of volatility and increased redemptions that might require the Fund to liquidate portfolio securities at disadvantageous prices and times. <div style="display: none"></div> <p id="xdx_A85_err--RiskTextBlock_hrr--RiskAxis__custom--CreditRiskMember_z5qLMEao5tKh" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Credit Risk. If an issuer or guarantor of a debt security held by the Fund or a counterparty to a financial contract with the Fund defaults or is downgraded or is perceived to be less creditworthy, or if the value of the assets underlying a security declines, the value of the Fund’s portfolio will typically decline to some extent. <div style="display: none"></div> <p id="xdx_A8F_err--RiskTextBlock_hrr--RiskAxis__custom--LiquidityRiskMember_zjsI8RTbVjA" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Liquidity Risk. The Fund may not be able to sell some or all of the investments that it holds due to a lack of demand in the marketplace or other factors such as market turmoil, or if the Fund is forced to sell an illiquid investment to meet redemption requests or other cash needs it may only be able to sell those investments at a loss. Illiquid investments may also be difficult to value. <div style="display: none"></div> <p id="xdx_A85_err--RiskTextBlock_hrr--RiskAxis__custom--HighYieldJunkBondRiskMember_zwpjFJ8IS2s" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">High Yield (“Junk”) Bond Risk. High yield bonds are debt securities rated below investment grade (often called “junk bonds”). Junk bonds are speculative, involve greater risks of default, downgrade, or price declines and are more volatile and tend to be less liquid than investment-grade securities. Companies issuing high yield bonds are less financially strong, are more likely to encounter financial difficulties, and are more vulnerable to adverse market events and negative sentiments than companies with higher credit ratings. <div style="display: none"></div> <p id="xdx_A83_err--RiskTextBlock_hrr--RiskAxis__custom--LargeCapCompanyRiskMember_zSOSNZw3BLGe" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Large-Cap Company Risk. Securities of companies with market capitalizations that are larger than small and mid cap companies may be susceptible to slower growth during times of economic expansion. They may not be able to respond as quickly to economic changes, market innovation, or changes in consumer behavior. <div style="display: none"></div> <p id="xdx_A88_err--RiskTextBlock_hrr--RiskAxis__custom--SmallCapAndMidCapCompanyRiskMember_zFuwejypZtrh" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Small Cap and Mid Cap Company Risk. The securities of small capitalization and mid capitalization companies may be subject to more abrupt or erratic market movements and may have lower trading volumes or more erratic trading than securities of larger, more established companies or market averages in general. In addition, such companies typically are more likely to be adversely affected than large capitalization companies by changes in earning results, business prospects, investor expectations or poor economic or market conditions. <div style="display: none"></div> <p id="xdx_A83_err--RiskTextBlock_hrr--RiskAxis__custom--GovernmentSponsoredEntitiesRiskMember_z3AVCzA02HUf" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Government-Sponsored Entities Risk. The Fund’s investment in U.S. government obligations may include securities issued or guaranteed as to principal and interest by the U.S. government, or its agencies or instrumentalities. There can be no assurance that the U.S. government would provide financial support to its agencies or instrumentalities (including government-sponsored enterprises) when it is not obligated to do so. Performance <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_901_err--PerformanceInformationIllustratesVariabilityOfReturns_c20240201__20240201__dei--LegalEntityAxis__custom--S000070728Member_zPacqlItPOu4">The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the performance of the Fund’s Class I shares from year to year and by showing how the average annual total returns of Class I shares of the Fund compare with the average annual total returns of a broad-based market index. Performance for classes other than those shown may vary from the performance shown to the extent the expenses for those classes differ. Updated performance information is available at the Fund’s website, <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_902_err--PerformanceAvailabilityWebSiteAddress_c20240201__20240201__dei--LegalEntityAxis__custom--S000070728Member_z7dwPYr0UW5l">www.northsquareinvest.com, or by calling the Fund at <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_902_err--PerformanceAvailabilityPhone_c20240201__20240201__dei--LegalEntityAxis__custom--S000070728Member_zU3WUFvFEG9d">1-855-551-5521. The Fund has adopted the historical performance of the Stadion Tactical Growth Fund (the “Predecessor Fund”), a former series of Stadion Investment Trust, as a result of a reorganization consummated after the close of business on June 11, 2021 (“Reorganization”), in which the Fund acquired all of the assets, subject to the liabilities, of the Predecessor Fund. The performance information presented below for periods prior to the Reorganization reflects the performance of the Predecessor Fund. At the time of the Reorganization, the Fund and the Predecessor Fund had substantially similar investment strategies. Prior to the Reorganization, the Fund was a “shell” fund with no assets and had not yet commenced operations. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_904_err--PerformancePastDoesNotIndicateFuture_c20240201__20240201__dei--LegalEntityAxis__custom--S000070728Member_zLUWnlVTMJ4g">The Fund’s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_905_err--BarChartDoesNotReflectSalesLoads_c20240201__20240201__dei--LegalEntityAxis__custom--S000070728Member_z86G1T8DR4mc">Sales loads are not reflected in the bar chart, and if those charges were included, returns would be less than those shown. The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the performance of the Fund’s Class I shares from year to year and by showing how the average annual total returns of Class I shares of the Fund compare with the average annual total returns of a broad-based market index. www.northsquareinvest.com 1-855-551-5521 The Fund’s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. Sales loads are not reflected in the bar chart, and if those charges were included, returns would be less than those shown. Calendar-Year Total Return (before taxes) for Class I Shares For each calendar year at NAV 0.2155 0.0984 -0.0319 0.0955 0.1227 -0.0412 0.1503 0.1574 0.1241 -0.1413 The <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_908_err--YearToDateReturnLabel_c20240201__20240201__dei--LegalEntityAxis__custom--S000070728Member__rr--ProspectusShareClassAxis__custom--C000224837Member_zP09acq4i9u8">year-to-date return as of <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_900_err--BarChartYearToDateReturnDate_c20240201__20240201__dei--LegalEntityAxis__custom--S000070728Member__rr--ProspectusShareClassAxis__custom--C000224837Member_zuJ6Jtixpdmb">June 30, 2023 was <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90F_err--BarChartYearToDateReturn_c20240201__20240201__dei--LegalEntityAxis__custom--S000070728Member__rr--ProspectusShareClassAxis__custom--C000224837Member_zdhiFckkPPq5">11.08%. <table cellpadding="3" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #DBDBDB"> <td colspan="3" style="border-top: black 1pt solid; border-right: black 1pt solid; border-left: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">Class I</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; width: 50%"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_900_err--HighestQuarterlyReturnLabel_c20240201__20240201__dei--LegalEntityAxis__custom--S000070728Member__rr--ProspectusShareClassAxis__custom--C000224837Member_z50cvZfmE0ld">Highest Calendar Quarter Return at NAV (non-annualized)</td> <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 25%; text-align: center"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90E_err--BarChartHighestQuarterlyReturn_c20240201__20240201__dei--LegalEntityAxis__custom--S000070728Member__rr--ProspectusShareClassAxis__custom--C000224837Member_zSa2CkWQjbG6">11.00%</td> <td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; vertical-align: bottom; width: 25%">Quarter ended <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90A_err--BarChartHighestQuarterlyReturnDate_c20240201__20240201__dei--LegalEntityAxis__custom--S000070728Member__rr--ProspectusShareClassAxis__custom--C000224837Member_zUByqMee2LTl">12/31/2020</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_901_err--LowestQuarterlyReturnLabel_c20240201__20240201__dei--LegalEntityAxis__custom--S000070728Member__rr--ProspectusShareClassAxis__custom--C000224837Member_zKPrcJFMK1g7">Lowest Calendar Quarter Return at NAV (non-annualized)</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_901_err--BarChartLowestQuarterlyReturn_c20240201__20240201__dei--LegalEntityAxis__custom--S000070728Member__rr--ProspectusShareClassAxis__custom--C000224837Member_zrcprncy0c59">-11.34%</td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; vertical-align: bottom">Quarter ended <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90E_err--BarChartLowestQuarterlyReturnDate_c20240201__20240201__dei--LegalEntityAxis__custom--S000070728Member__rr--ProspectusShareClassAxis__custom--C000224837Member_zCApqWty9Nqa">6/30/2022</td></tr> </table> year-to-date return 2023-06-30 0.1108 Highest Calendar Quarter Return at NAV (non-annualized) 0.1100 2020-12-31 Lowest Calendar Quarter Return at NAV (non-annualized) -0.1134 2022-06-30 Average Annual Total Returns (for the periods ended December 31, 2022) 2004-05-03 2004-05-03 2004-05-03 2004-05-03 2004-05-03 2004-05-03 2004-05-03 2004-05-03 2004-05-03 2004-05-03 2004-05-03 2004-05-03 Class I - Return Before Taxes Class I - Return Before Taxes -0.1413 0.0426 0.0695 0.0626 Class I - Return After Taxes on Distributions Class I - Return After Taxes on Distributions -0.1560 0.0323 0.0573 0.0489 Class I - Return After Taxes on Distributions and Sale of Fund Shares Class I - Return After Taxes on Distributions and Sale of Fund Shares -0.0732 0.0320 0.0522 0.0469 Class A - Return Before Taxes Class A - Return Before Taxes -0.1927 0.0278 0.0606 0.0565 Class C - Return Before Taxes Class C - Return Before Taxes -0.1577 0.0323 0.0588 0.0520 Morningstar Moderate Aggressive Target Risk Index (reflects no deduction for fees, expenses, or taxes) Morningstar Moderate Aggressive Target Risk Index (reflects no deduction for fees, expenses, or taxes) reflects no deduction for fees, expenses, or taxes reflects no deduction for fees, expenses, or taxes -0.1548 0.0464 0.0730 0.0704 <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_906_err--PerformanceTableUsesHighestFederalRate_c20240201__20240201__dei--LegalEntityAxis__custom--S000070728Member_zIWLbJrKazkl">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_905_err--PerformanceTableNotRelevantToTaxDeferred_c20240201__20240201__dei--LegalEntityAxis__custom--S000070728Member_zA64LDjArq28">Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After–tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_902_err--PerformanceTableOneClassOfAfterTaxShown_c20240201__20240201__dei--LegalEntityAxis__custom--S000070728Member_zobPzvBDjRQ">After-tax returns are shown for Class I shares only and after-tax returns for other classes will vary from returns shown for Class I shares to the extent that each class has different expenses. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_905_err--PerformanceTableExplanationAfterTaxHigher_c20240201__20240201__dei--LegalEntityAxis__custom--S000070728Member_zTWR2nVzH5qa">In certain cases, Return After Taxes on Distributions and Sale of Fund Shares may be higher than the other return figures for the same period. This will occur when a capital loss is realized upon the sale of Fund shares or provides an assumed tax benefit that increases the return. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After–tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for Class I shares only and after-tax returns for other classes will vary from returns shown for Class I shares to the extent that each class has different expenses. In certain cases, Return After Taxes on Distributions and Sale of Fund Shares may be higher than the other return figures for the same period. This will occur when a capital loss is realized upon the sale of Fund shares or provides an assumed tax benefit that increases the return. SUMMARY SECTION - NORTH SQUARE TACTICAL DEFENSIVE FUND Investment Objective The investment objective of the North Square Tactical Defensive Fund (the “Fund”) is to seek capital appreciation. Fees and Expenses of the Fund This table describes the fees and expenses that you may pay if you buy, hold and sell shares of the Fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_908_err--ExpenseBreakpointDiscounts_c20240201__20240201__dei--LegalEntityAxis__custom--S000070729Member__rr--ProspectusShareClassAxis__custom--C000224841Member_zeCITKlAHAcl">You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_908_err--ExpenseBreakpointMinimumInvestmentRequiredAmount_c20240201__20240201__dei--LegalEntityAxis__custom--S000070729Member__rr--ProspectusShareClassAxis__custom--C000224841Member_zluNTL6d7E27">50,000 in Class A shares of the Fund. More information about these and other discounts is available from your financial intermediary and in the section titled “Class A Shares” and in “APPENDIX A – Waivers and Discounts Available from Certain Intermediaries” of the Prospectus. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Class A shares of the Fund. 50000 Shareholder Fees (fees paid directly from your investment) 0.0575 0 0 0 0 0.0100 0.0100 0 0 0 0 0 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.0125 0.0125 0.0125 0.0025 0.0100 0 0.0047 0.0049 0.0052 0.0008 0.0008 0.0010 0.0010 0.0012 0.0012 0.0039 0.0039 0.0039 0.0039 0.0040 0.0040 0.0012 0.0012 0.0012 0.0209 0.0286 0.0189 -0.0002 -0.0004 -0.0007 0.0207 0.0282 0.0182 No sales charge applies on investments of $500,000 or more, but a contingent deferred sales charge (“CDSC”) of 1% will be imposed on certain redemptions of such shares within 12 months of the date of purchase. A CDSC of 1.00% will be charged on Class C Shares purchases that are redeemed in whole or in part within 12 months of purchase. The total annual fund operating expenses and net operating expenses do not correlate to the ratio of expenses to average net assets appearing in the financial highlights table, which reflects only the operating expenses of the Fund and does not include acquired fund fees and expenses. September 30, 2025 Example This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90B_err--ExpenseExampleByYearCaption_c20240201__20240201__dei--LegalEntityAxis__custom--S000070729Member_z0rOUddZAuJ4">Although your actual costs may be higher or lower, based on these assumptions your costs would be: Although your actual costs may be higher or lower, based on these assumptions your costs would be: 773 1188 1631 2853 385 878 1501 3180 185 580 1008 2200 For the share class listed below, you would pay the following expenses if you did not redeem your shares: 285 878 1501 3180 Portfolio Turnover The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the portfolio turnover rate for the Fund was <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_900_err--PortfolioTurnoverRate_c20240201__20240201__dei--LegalEntityAxis__custom--S000070729Member_zE3pv0MdwnAc">677% of the average value of its portfolio. 6.77 Principal Investment Strategies In seeking to achieve the Fund’s investment objective, the Adviser has selected NSI Retail Advisors, LLC (the “Sub-Adviser”), an affiliate of, and under common control with, the Adviser, to serve as the Fund’s investment sub-adviser and allocates the Fund’s assets to the Sub-Adviser. The Adviser retains the ability to manage all or a portion of the Fund’s assets directly. To achieve its investment objective, the Fund invests primarily in and allocates its investments primarily between Fund Investments (defined below) that the Sub-Adviser believes have the potential for capital appreciation and Cash Positions (defined below). <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0in; margin-bottom: 0in; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: top; text-align: justify"> <td style="font-family: Times New Roman, Times, Serif; width: 0.25in"></td> <td style="font-family: Times New Roman, Times, Serif; width: 0.25in; text-align: left">●</td> <td style="font-family: Times New Roman, Times, Serif; text-align: justify">“Fund Investments” include actively managed and index-based ETFs (exchange traded funds), mutual funds and other investment companies, groups of securities related by index or sector made available through certain brokers at a discount brokerage rate (such as stock baskets, baskets of bonds and other index-or sector-based groups of related securities) and options or futures positions (e.g., options or futures contracts on securities, securities indexes, currencies or other financial instruments) with respect to any of the foregoing intended to match or approximate their performance.</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0in; margin-bottom: 0in; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: top; text-align: justify"> <td style="font-family: Times New Roman, Times, Serif; width: 0.25in"></td> <td style="font-family: Times New Roman, Times, Serif; width: 0.25in; text-align: left">●</td> <td style="font-family: Times New Roman, Times, Serif; text-align: justify">“Cash Positions” include cash and short-term, highly liquid investments, such as money market instruments, U.S. government obligations, commercial paper, repurchase agreements, and other cash or cash equivalent positions.</td> </tr> </table> In allocating the Fund’s assets, the Sub-Adviser uses a proprietary, technically driven asset allocation model to determine current risk in the broad equity markets (reflected in the Sub-Adviser’s model by a weighted average score) based on a number of technical indicators. The technical indicators examined by the Sub-Adviser are primarily focused on trend analysis, such as analysis of price trends (e.g., determining risk based on movements of market prices up or down), breadth trends (e.g., analyzing the ratio of the number of advancing stocks to declining stocks) and relative strength (e.g., comparing risk profiles of investment alternatives such as small cap vs. large cap or growth vs. value). The Sub-Adviser then seeks to participate in markets and market sectors with low risk scores, while divesting its portfolio of investments in markets and market sectors with high risk scores. To participate in markets and market sectors, the Sub-Adviser’s investment philosophy emphasizes purchasing Fund Investments, which the Sub-Adviser believes are a convenient way to invest in both broad market indexes (e.g., the S&P 500, Russell 2000, NASDAQ-100, MSCI EAFE, Barclays bond indexes, etc.) and market sector indexes (e.g., healthcare indexes, utilities indexes, real estate indexes, etc.). The Fund may invest up to 100% of its portfolio in Fund Investments that have portfolios comprised of equity securities of domestic or foreign companies of any size in any sector. The Fund may also invest up to 100% of its portfolio in fixed-income Fund Investments that have portfolios comprised of domestic or foreign corporate and/or government bonds issued by any size company, municipality or government body in any sector of any maturity or yield, provided that corporate debt obligations are “investment grade” securities rated in one of the four highest rating categories by any one or more nationally recognized rating agencies or, if not rated, are of equivalent quality in the opinion of the Sub-Adviser. The Fund will generally invest as follows: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0in; margin-bottom: 0in; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: top; text-align: justify"> <td style="font-family: Times New Roman, Times, Serif; width: 0.25in"></td> <td style="font-family: Times New Roman, Times, Serif; width: 0.25in; text-align: left">●</td> <td style="font-family: Times New Roman, Times, Serif; text-align: justify">The Core Position. Approximately 50% of the Fund’s assets will be invested in one or more broad-based equity or fixed- income Fund Investments, such as funds with investments that reflect the S&P 500 Index, the Russell 2000 Index, the S&P 400 Mid- Cap Index, the Dow Jones Industrial Index, the Bloomberg US Aggregate Bond Index, and the EAFE (Europe, Australia and Far East) Index, U.S. Treasuries (including short-term U.S. Treasuries) or market sector Fund Investments, such as those tracking healthcare, utilities, real estate, financial, technology, consumer goods or other indexes (the “Core Position”). However, through the Core Position, the Fund generally will be exposed to the performance of selected U.S. or international equity or debt markets as a whole, or sector indexes. The Sub-Adviser has the ability to invest in Cash Positions if it deems it advisable or necessary which positions can, from time to time, be significant.</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0in; margin-bottom: 0in; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: top; text-align: justify"> <td style="font-family: Times New Roman, Times, Serif; width: 0.25in"></td> <td style="font-family: Times New Roman, Times, Serif; width: 0.25in; text-align: left">●</td> <td style="font-family: Times New Roman, Times, Serif; text-align: justify">The Satellite Position. Approximately 50% of the Fund’s assets will be invested primarily in market sector Fund Investments, fixed-income Fund Investments, or Cash Positions using an allocation model and risk-based ranking system (the “Satellite Position”). The Satellite Position is not designed to hedge the Core Position; however, some investment positions may hedge, or have the effect of hedging, a portion of the Core Position from time to time.</td> </tr> </table> The mix of investments within the Fund may change frequently as the Sub-Adviser deems appropriate or necessary based upon its analysis and allocation models. Principal Risks of Investing <p id="xdx_A86_err--RiskTextBlock_hrr--RiskAxis__custom--AllRiskMember_zXjhRBoS2FAa" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Risk is inherent in all investing including an investment in the Fund. An investment in the Fund involves risk, including, the following principal risks, among others: Management and Strategy Risk, ETF and Mutual Funds Risk, Fixed Income Securities Risk, Interest Rate Risk, Credit Risk, Liquidity Risk, Equity Risk, Market Risk, Currency Risk, Foreign Investment Risk, Large-Cap Company Risk, Sector Focus, Portfolio Turnover Risk, Small Cap and Mid Cap Company Risk, and Government-Sponsored Entities Risk. Summary descriptions of these and other principal risks of investing in the Fund are set forth below. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90E_err--RiskCaption_c20240201__20240201__dei--LegalEntityAxis__custom--S000070729Member__rr--RiskAxis__rr--RiskLoseMoneyMember_za3BEf6ozPm4">Before you decide whether to invest in the Fund, carefully consider these risks associated with investing in the Fund, which may cause investors to lose money. There can be no assurance that the Fund will achieve its investment objective. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_906_err--RiskCaption_c20240201__20240201__dei--LegalEntityAxis__custom--S000070729Member__rr--RiskAxis__rr--RiskNotInsuredDepositoryInstitutionMember_zjGExHrL9T8g">An investment in the Fund is not a deposit of the bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. <div style="display: none"></div> Before you decide whether to invest in the Fund, carefully consider these risks associated with investing in the Fund, which may cause investors to lose money. An investment in the Fund is not a deposit of the bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. <p id="xdx_A82_err--RiskTextBlock_hrr--RiskAxis__custom--ManagementAndStrategyRiskMember_zGKT3InBkmS1" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Management and Strategy Risk. The value of your investment depends on the judgment of the Adviser or Sub-Adviser about the quality, relative yield, value or market trends affecting a particular security, industry, sector or region, which may prove to be incorrect. Investment strategies employed by the Adviser or Sub-Adviser in selecting Fund Investments may not result in an increase in the value of your investment or in overall performance equal to other investments. <div style="display: none"></div> <p id="xdx_A83_err--RiskTextBlock_hrr--RiskAxis__custom--ETFAndMutualFundsRiskMember_zNooyrYbt6zb" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">ETF and Mutual Funds Risk. The Fund may invest in underlying ETFs and mutual funds (including other funds managed or sub-advised by the Adviser or its affiliates (“North Square-Related Funds”)). Any such investment generally will reflect the risks of owning the underlying securities the ETF or mutual fund holds. It may also be more expensive for the Fund to invest in an ETF or mutual fund than to own the portfolio securities of these investment vehicles directly. Investing in ETFs and mutual funds may involve duplication of advisory fees and certain other expenses. The Fund will pay brokerage commissions in connection with the purchase and sale of shares of ETFs. An ETF may also trade at a discount to its net asset value. In addition, the Fund may invest in underlying funds that invest a larger portion of their assets in one or more sectors than many other mutual funds, and thus will be more susceptible to negative events affecting those sectors. The Fund will be indirectly exposed to the risks of the portfolio assets held by an underlying fund in which the Fund invests, including, but not limited to, derivatives, currencies and leverage risk. The Fund may invest in North Square-Related Funds in connection with any such investment. The Adviser or Sub-Adviser may be subject to potential conflicts of interest in selecting underlying funds because, among other reasons, the fees paid to it by North Square-Related Funds may be higher than the fees paid by other potential underlying funds and other benefits to the Adviser and Sub-Adviser may result from investments in North Square-Related Funds. Investments in ETFs and mutual funds are also subject to the following additional risks: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">○</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Expenses. Since the Fund is a “fund of funds,” your cost of investing in the Fund will generally be higher than the cost of investing directly in ETFs or other investment companies, because you will indirectly bear fees and expenses charged by the underlying ETFs and investment companies in which the Fund invests in addition to the Fund’s direct fees and expenses. Furthermore, the use of a fund of funds structure could affect the timing, amount, and character of a fund’s distributions and therefore may increase the amount of your tax liability.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">○</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Investment Limitation. Under Section 12(d)(1) of the Investment Company Act of 1940 (the “1940 Act”), the Fund is generally subject to limits on investments in shares of an ETF or other investment company. However, the Fund is permitted to invest in ETFs or investment companies beyond the limits, subject to certain terms and conditions set forth in Securities and Exchange Commission (the “SEC”) rules. Accordingly, the limitations, or satisfaction of certain conditions specified in the rules, may prevent the Fund from allocating its investments in the manner the Adviser considers optimal, or cause the Adviser to select an investment other than that which the Adviser considers optimal.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">○</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Market Value Risk. The market value of an ETF’s shares may differ from its net asset value (“NAV”). This difference in price may be due to the fact that the supply and demand in the market for ETF shares at any point in time is not always identical to the supply and demand in the market for the underlying basket of securities. Accordingly, there may be times when an ETF trades at a premium (creating the risk that the Fund pays more than NAV for an ETF when making a purchase) or discount (creating the risks that the Fund’s NAV is reduced for undervalued ETFs it holds, and that the Fund receives less than NAV when selling an ETF).</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">○</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Operational Risks. There can be no assurance that an active trading market will develop and be maintained for the shares of the ETFs in which the Fund invests. Further, market makers (other than lead market makers) have no obligation to make markets in an ETF’s shares and may discontinue doing so at any time without notice. To the extent no market makers are willing to process creation and/or redemption orders for an ETF, shares of the ETF may trade like closed-end fund shares at a discount to NAV and the ETF may possibly face delisting. Trading in an ETF’s shares may be halted because of market conditions or for reasons that, in the view of the exchange on which the ETF lists its shares, make trading in the ETF’s shares inadvisable. In addition, trading in an ETF’s shares is subject to trading halts caused by extraordinary market volatility pursuant to “circuit breaker” rules. During stressed market conditions, the liquidity of an ETF’s shares may be less than the liquidity of the securities in the ETF’s portfolio. Any of the foregoing would have an adverse effect on the value of the Fund’s investment in the ETF’s shares.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">○</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Registration. Shareholders of ETFs that are registered under the Securities Act of 1933 but not the 1940 Act, such as certain ETFs that invest in commodities, do not have the protections of the 1940 Act.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">○</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Sampling Risk. Index-based Fund Investments may utilize a representative sampling approach to track their respective underlying indices. Index-based Fund Investments that utilize a representative sampling approach are subject to an increased risk of tracking error because the securities selected for the Fund Investment in the aggregate may vary from the investment profile of the underlying index. Additionally, if using a representative sampling approach, a Fund Investment will typically hold a smaller number of securities than the underlying index, and as a result, an adverse development to a Fund Investment could result in a greater decline in NAV than would be the case if the Fund Investment held all of the securities in the underlying index.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 19.3pt"></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 17.35pt">○</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Tracking Risk. Index-based Fund Investments may not be able to replicate exactly the performance of the indices they track because the total return generated by the securities will be reduced by transaction costs incurred in adjusting the actual balance of the securities. In addition, Fund Investments may incur expenses not incurred by their applicable indices. Certain securities comprising these indices may, from time to time, temporarily be unavailable, which may further impede a Fund Investment’s ability to track its applicable indices or match its performance.</td></tr> </table> <div style="display: none"></div> <p id="xdx_A8A_err--RiskTextBlock_hrr--RiskAxis__custom--FixedIncomeSecuritiesRiskMember_z2EgyDb8hODc" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Fixed Income Securities Risk. The prices of fixed income securities respond to economic developments, particularly interest rate changes, as well as to changes in an issuer’s credit rating or market perceptions about the creditworthiness of an issuer. <div style="display: none"></div> <p id="xdx_A80_err--RiskTextBlock_hrr--RiskAxis__custom--InterestRateRiskMember_znG9uIGvlyyd" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Interest Rate Risk. Generally fixed income securities decrease in value if interest rates rise and increase in value if interest rates fall, with longer-term and lower rated securities being more volatile than shorter-term and higher-rated securities. Falling interest rates also create the potential for a decline in the Fund’s income. Changes in governmental policy, rising inflation rates, and general economic developments, among other factors, could cause interest rates to increase and could have a substantial and immediate effect on the values of the Fund’s investments. In addition, a rise in interest rates may result in periods of volatility and increased redemptions that might require the Fund to liquidate portfolio securities at disadvantageous prices and times. <div style="display: none"></div> <p id="xdx_A8A_err--RiskTextBlock_hrr--RiskAxis__custom--CreditRiskMember_z9uMaJRaKqga" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Credit Risk. If an issuer or guarantor of a debt security held by the Fund or a counterparty to a financial contract with the Fund defaults or is downgraded or is perceived to be less creditworthy, or if the value of the assets underlying a security declines, the value of the Fund’s portfolio will typically decline to some extent. <div style="display: none"></div> <p id="xdx_A84_err--RiskTextBlock_hrr--RiskAxis__custom--LiquidityRiskMember_zSA4YkrwyGmi" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Liquidity Risk. The Fund may not be able to sell some or all of the investments that it holds due to a lack of demand in the marketplace or other factors such as market turmoil, or if the Fund is forced to sell an illiquid investment to meet redemption requests or other cash needs it may only be able to sell those investments at a loss. Illiquid investments may also be difficult to value. <div style="display: none"></div> <p id="xdx_A82_err--RiskTextBlock_hrr--RiskAxis__custom--EquityRiskMember_zg6x2z4pvyH1" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Equity Risk. The value of the equity securities held by the Fund may fall due to general market and economic conditions, perceptions regarding the industries in which the issuers of securities held by the Fund participate, or factors relating to specific companies in which the Fund invests. <div style="display: none"></div> <p id="xdx_A8A_err--RiskTextBlock_hrr--RiskAxis__custom--MarketRiskMember_zpj9qjwW8sg1" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Market Risk. The market price of a security or instrument may decline, sometimes rapidly or unpredictably, due to general market conditions that are not specifically related to a particular company, such as real or perceived adverse economic or political conditions throughout the world, including war, public health crises (including the occurrence of a contagious disease or illness), changes in the general outlook for corporate earnings, inflation, changes in interest or currency rates or adverse investor sentiment generally. The market value of a security or instrument also may decline because of factors that affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. <div style="display: none"></div> <p id="xdx_A80_err--RiskTextBlock_hrr--RiskAxis__custom--CurrencyRiskMember_zIE93ALGYiCl" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Currency Risk. The values of investments in securities denominated in foreign currencies increase or decrease as the rates of exchange between those currencies and the U.S. Dollar change. Currency conversion costs and currency fluctuations could erase investment gains or add to investment losses. Currency exchange rates can be volatile and are affected by factors such as general economic conditions, the actions of the United States and foreign governments or central banks, the imposition of currency controls, and speculation. <div style="display: none"></div> <p id="xdx_A81_err--RiskTextBlock_hrr--RiskAxis__custom--ForeignInvestmentRiskMember_z6IKsan7GCPh" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Foreign Investment Risk. The prices of foreign securities may be more volatile than the prices of securities of U.S. issuers because of economic and social conditions abroad, political developments, and differences and changes in the regulatory environments of foreign countries. In addition, changes in exchange rates and interest rates may adversely affect the values of the Fund’s foreign investments. Foreign companies are generally subject to different legal and accounting standards than U.S. companies, and foreign financial intermediaries may be subject to less supervision and regulation than U.S. financial firms. Foreign securities include ADRs and Global Depositary Receipts (“GDRs”). Unsponsored ADRs and GDRs are organized independently and without the cooperation of the foreign issuer of the underlying securities, and involve additional risks because U.S. reporting requirements do not apply and the issuing bank will recover shareholder distribution costs from changes in share prices and payment of dividends. <div style="display: none"></div> <p id="xdx_A82_err--RiskTextBlock_hrr--RiskAxis__custom--LargeCapCompanyRiskMember_z5X1LIAynTG9" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Large-Cap Company Risk. Securities of companies with market capitalizations that are larger than small and mid cap companies may be susceptible to slower growth during times of economic expansion. They may not be able to respond as quickly to economic changes, market innovation, or changes in consumer behavior. <div style="display: none"></div> <p id="xdx_A84_err--RiskTextBlock_hrr--RiskAxis__custom--SectorFocusRiskMember_zHj04Ls7ra2f" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Sector Focus Risk. The Fund may invest a larger portion of its assets in one or more sectors than many other mutual funds, and thus will be more susceptible to negative events affecting those sectors. <div style="display: none"></div> <p id="xdx_A88_err--RiskTextBlock_hrr--RiskAxis__custom--PortfolioTurnoverRiskMember_zTyII6Ghxufc" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Portfolio Turnover Risk. As a result of its trading strategies, the Fund may sell portfolio securities without regard to the length of time they have been held and will likely have a higher portfolio turnover rate than other mutual funds. Since portfolio turnover may involve paying brokerage commissions and other transaction costs, higher turnover generally results in additional Fund expenses. High rates of portfolio turnover may lower the performance of the Fund due to these increased costs and may also result in the realization of short-term capital gains. If the Fund realizes capital gains when Fund Investments are sold, the Fund must generally distribute those gains to shareholders, increasing the Fund’s taxable distributions. High rates of portfolio turnover in a given year would likely result in short-term capital gains that are taxed to shareholders at ordinary income tax rates. <div style="display: none"></div> <p id="xdx_A85_err--RiskTextBlock_hrr--RiskAxis__custom--SmallCapAndMidCapCompanyRiskMember_zjSK4Gb6c8Qa" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Small Cap and Mid Cap Company Risk. The securities of small capitalization and mid capitalization companies may be subject to more abrupt or erratic market movements and may have lower trading volumes or more erratic trading than securities of larger, more established companies or market averages in general. In addition, such companies typically are more likely to be adversely affected than large capitalization companies by changes in earning results, business prospects, investor expectations or poor economic or market conditions. <div style="display: none"></div> <p id="xdx_A83_err--RiskTextBlock_hrr--RiskAxis__custom--GovernmentSponsoredEntitiesRiskMember_z0DYm1V28Hx1" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Government-Sponsored Entities Risk. The Fund’s investment in U.S. government obligations may include securities issued or guaranteed as to principal and interest by the U.S. government, or its agencies or instrumentalities. There can be no assurance that the U.S. government would provide financial support to its agencies or instrumentalities (including government-sponsored enterprises) when it is not obligated to do so. Performance <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90F_err--PerformanceInformationIllustratesVariabilityOfReturns_c20240201__20240201__dei--LegalEntityAxis__custom--S000070729Member_zfPlg0C9VW2b">The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the performance of the Fund’s Class A shares from year to year and by showing how the average annual total returns of Class A shares of the Fund compare with the average annual total returns of a broad-based market index. Performance for classes other than those shown may vary from the performance shown to the extent the expenses for those classes differ. Updated performance information is available at the Fund’s website, <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_906_err--PerformanceAvailabilityWebSiteAddress_c20240201__20240201__dei--LegalEntityAxis__custom--S000070729Member_zK4FwqbJLq2e">www.northsquareinvest.com, or by calling the Fund at <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90D_err--PerformanceAvailabilityPhone_c20240201__20240201__dei--LegalEntityAxis__custom--S000070729Member_zpNCkdFV7fMa">1-855-551-5521. The Fund has adopted the historical performance of the Stadion Tactical Defensive Fund (the “Predecessor Fund”), a former series of Stadion Investment Trust, as a result of a reorganization consummated after the close of business on June 11, 2021 (“Reorganization”), in which the Fund acquired all of the assets, subject to the liabilities, of the Predecessor Fund. The performance information presented below for periods prior to the Reorganization reflects the performance of the Predecessor Fund. At the time of the Reorganization, the Fund and the Predecessor Fund had substantially similar investment strategies. Prior to the Reorganization, the Fund was a “shell” fund with no assets and had not yet commenced operations. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90D_err--PerformancePastDoesNotIndicateFuture_c20240201__20240201__dei--LegalEntityAxis__custom--S000070729Member_zspamsSNJcvc">The Fund’s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_906_err--BarChartDoesNotReflectSalesLoads_c20240201__20240201__dei--LegalEntityAxis__custom--S000070729Member_zb5shjlt9xRj">Sales loads are not reflected in the bar chart, and if those charges were included, returns would be less than those shown. The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the performance of the Fund’s Class A shares from year to year and by showing how the average annual total returns of Class A shares of the Fund compare with the average annual total returns of a broad-based market index. www.northsquareinvest.com 1-855-551-5521 The Fund’s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. Sales loads are not reflected in the bar chart, and if those charges were included, returns would be less than those shown. Calendar-Year Total Return (before taxes) for Class A Shares For each calendar year at NAV 0.1564 0.0444 -0.0982 0.1042 0.1525 -0.0299 0.1246 0.0399 0.1347 -0.0824 The <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90A_err--YearToDateReturnLabel_c20240201__20240201__dei--LegalEntityAxis__custom--S000070729Member__rr--ProspectusShareClassAxis__custom--C000224841Member_zWYUFaZHXG22">year-to-date return as of <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_900_err--BarChartYearToDateReturnDate_c20240201__20240201__dei--LegalEntityAxis__custom--S000070729Member__rr--ProspectusShareClassAxis__custom--C000224841Member_zGCXgLXwyl47">June 30, 2023 was <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_903_err--BarChartYearToDateReturn_c20240201__20240201__dei--LegalEntityAxis__custom--S000070729Member__rr--ProspectusShareClassAxis__custom--C000224841Member_z8DGUHXvVKph">1.72%. <table cellpadding="3" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #DBDBDB"> <td colspan="3" style="border-top: black 1pt solid; border-right: black 1pt solid; border-left: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">Class A</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; width: 50%"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90E_err--HighestQuarterlyReturnLabel_c20240201__20240201__dei--LegalEntityAxis__custom--S000070729Member__rr--ProspectusShareClassAxis__custom--C000224841Member_zUdD2QDMBSAb">Highest Calendar Quarter Return at NAV (non-annualized)</td> <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 25%; text-align: center"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_903_err--BarChartHighestQuarterlyReturn_c20240201__20240201__dei--LegalEntityAxis__custom--S000070729Member__rr--ProspectusShareClassAxis__custom--C000224841Member_zRjftfIMeD5h">9.17%</td> <td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; vertical-align: bottom; width: 25%">Quarter ended <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_903_err--BarChartHighestQuarterlyReturnDate_c20240201__20240201__dei--LegalEntityAxis__custom--S000070729Member__rr--ProspectusShareClassAxis__custom--C000224841Member_zoOHrzCL4Zmf">12/31/2020</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_904_err--LowestQuarterlyReturnLabel_c20240201__20240201__dei--LegalEntityAxis__custom--S000070729Member__rr--ProspectusShareClassAxis__custom--C000224841Member_zp2GzGpIJaNf">Lowest Calendar Quarter Return at NAV (non-annualized)</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_904_err--BarChartLowestQuarterlyReturn_c20240201__20240201__dei--LegalEntityAxis__custom--S000070729Member__rr--ProspectusShareClassAxis__custom--C000224841Member_zwyroFhfRU8a">-14.37%</td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; vertical-align: bottom">Quarter ended <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_900_err--BarChartLowestQuarterlyReturnDate_c20240201__20240201__dei--LegalEntityAxis__custom--S000070729Member__rr--ProspectusShareClassAxis__custom--C000224841Member_zlVzSoxjEiMa">3/31/2020</td></tr> </table> year-to-date return 2023-06-30 0.0172 Highest Calendar Quarter Return at NAV (non-annualized) 0.0917 2020-12-31 Lowest Calendar Quarter Return at NAV (non-annualized) -0.1437 2020-03-31 Average Annual Total Returns (for the periods ended December 31, 2022) 2006-09-15 2006-09-15 2006-09-15 2006-09-15 2006-09-15 2006-09-15 2006-09-15 2006-09-15 2006-09-15 2006-09-15 2006-09-15 2006-09-15 Class A - Return Before Taxes Class A - Return Before Taxes -0.1352 0.0217 0.0443 0.0356 Class A - Return After Taxes on Distributions Class A - Return After Taxes on Distributions -0.1352 0.0215 0.0405 0.0319 Class A - Return After Taxes on Distributions and Sale of Fund Shares Class A - Return After Taxes on Distributions and Sale of Fund Shares -0.0800 0.0167 0.0337 0.0273 Class C - Return Before Taxes Class C - Return Before Taxes -0.0985 0.0261 0.0425 0.0314 Class I - Return Before Taxes Class I - Return Before Taxes -0.0804 0.0359 0.0527 0.0411 Morningstar Moderate Target Risk Index (reflects no deduction for fees, expenses, or taxes) Morningstar Moderate Target Risk Index (reflects no deduction for fees, expenses, or taxes) reflects no deduction for fees, expenses, or taxes reflects no deduction for fees, expenses, or taxes -0.1477 0.0373 0.0582 0.0563 <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_908_err--PerformanceTableUsesHighestFederalRate_c20240201__20240201__dei--LegalEntityAxis__custom--S000070729Member_zeulLrcJvKMg">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_905_err--PerformanceTableExplanationAfterTaxHigher_c20240201__20240201__dei--LegalEntityAxis__custom--S000070729Member_z07LLJEurRI3">In certain cases, Return After Taxes on Distributions and Sale of Fund Shares may be higher than the other return figures for the same period. This will occur when a capital loss is realized upon the sale of Fund shares or provides an assumed tax benefit that increases the return. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_909_err--PerformanceTableNotRelevantToTaxDeferred_c20240201__20240201__dei--LegalEntityAxis__custom--S000070729Member_zdEkUvhDhGC8">After–tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_901_err--PerformanceTableOneClassOfAfterTaxShown_c20240201__20240201__dei--LegalEntityAxis__custom--S000070729Member_zzXtkFirdQSk">After-tax returns are shown for Class A shares only and after-tax returns for other classes will vary from returns shown for Class A shares to the extent that each class has different expenses. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. In certain cases, Return After Taxes on Distributions and Sale of Fund Shares may be higher than the other return figures for the same period. This will occur when a capital loss is realized upon the sale of Fund shares or provides an assumed tax benefit that increases the return. After–tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for Class A shares only and after-tax returns for other classes will vary from returns shown for Class A shares to the extent that each class has different expenses. SUMMARY SECTION - NORTH SQUARE TRILOGY ALTERNATIVE RETURN FUND Investment Objective The investment objective of the North Square Trilogy Alternative Return Fund (the “Fund”) is total return, with an emphasis on lower risk and volatility than the U.S. equity markets. Fees and Expenses of the Fund This table describes the fees and expenses that you may pay if you buy, hold and sell shares of the Fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90A_err--ExpenseBreakpointDiscounts_c20240201__20240201__dei--LegalEntityAxis__custom--S000070730Member__rr--ProspectusShareClassAxis__custom--C000224844Member_zdYstakz8jp2">You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $<span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_907_err--ExpenseBreakpointMinimumInvestmentRequiredAmount_c20240201__20240201__dei--LegalEntityAxis__custom--S000070730Member__rr--ProspectusShareClassAxis__custom--C000224844Member_zfWUkC53nQK8">50,000 in Class A shares of the Fund. More information about these and other discounts is available from your financial intermediary and in the section titled “Class A Shares” and in “APPENDIX A – Waivers and Discounts Available from Certain Intermediaries” of the Prospectus. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Class A shares of the Fund. 50000 Shareholder Fees (fees paid directly from your investment) 0.0575 0 0 0 0 0.0100 0.0100 0 0 0 0 0 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.0125 0.0125 0.0125 0.0025 0.0100 0 0.0059 0.0062 0.0064 0.0007 0.0011 0.0012 0.0052 0.0051 0.0052 0.0004 0.0004 0.0004 0.0213 0.0291 0.0193 -0.0046 -0.0049 -0.0051 0.0167 0.0242 0.0142 No sales charge applies on investments of $500,000 or more, but a contingent deferred sales charge (“CDSC”) of 1% will be imposed on certain redemptions of such shares within 12 months of the date of purchase. A CDSC of 1.00% will be charged on Class C Shares purchases that are redeemed in whole or in part within 12 months of purchase. The total annual fund operating expenses and net operating expenses do not correlate to the ratio of expenses to average net assets appearing in the financial highlights table, which reflects only the operating expenses of the Fund and does not include acquired fund fees and expenses. September 30, 2025 Example This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same (taking into account the contractual fee waiver until September 30, 2025). <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90C_err--ExpenseExampleByYearCaption_c20240201__20240201__dei--LegalEntityAxis__custom--S000070730Member_zFtRSezjodMa">Although your actual costs may be higher or lower, based on these assumptions your costs would be: Although your actual costs may be higher or lower, based on these assumptions your costs would be: 735 1118 1572 2825 345 806 1444 3161 145 505 945 2168 For the share class listed below, you would pay the following expenses if you did not redeem your shares: 245 806 1444 3161 Portfolio Turnover The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the portfolio turnover rate for the Fund was <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90A_err--PortfolioTurnoverRate_c20240201__20240201__dei--LegalEntityAxis__custom--S000070730Member_zjlekYN3vTde">8% of the average value of its portfolio. 0.08 Principal Investment Strategies In seeking to achieve the Fund’s investment objective, the Adviser has selected NSI Retail Advisors, LLC (the “Sub-Adviser”), an affiliate of, and under common control with, the Adviser, to serve as the Fund’s investment sub-adviser and allocates the Fund’s assets to the Sub-Adviser. The Adviser retains the ability to manage all or a portion of the Fund’s assets directly. To achieve its investment objective, the Fund combines multiple investment strategies and investment techniques that are designed to generate return and manage risk exposure across varying market conditions. The Fund employs three separate investment styles: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0in; margin-bottom: 0in; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: top; text-align: justify"> <td style="font-family: Times New Roman, Times, Serif; width: 0.25in"></td> <td style="font-family: Times New Roman, Times, Serif; width: 0.25in; text-align: left">●</td> <td style="font-family: Times New Roman, Times, Serif; text-align: justify">a diversified portfolio of common stocks and/or actively managed or index-based exchange traded funds (“ETFs”), and options selected to provide protection from market declines (the “Equity Position”),</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0in; margin-bottom: 0in; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: top; text-align: justify"> <td style="font-family: Times New Roman, Times, Serif; width: 0.25in"></td> <td style="font-family: Times New Roman, Times, Serif; width: 0.25in; text-align: left">●</td> <td style="font-family: Times New Roman, Times, Serif; text-align: justify">fixed-income securities or ETFs investing in fixed-income securities, and options sold and repurchased to generate net premium income (the “Income Position”), and</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0in; margin-bottom: 0in; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: top; text-align: justify"> <td style="font-family: Times New Roman, Times, Serif; width: 0.25in"></td> <td style="font-family: Times New Roman, Times, Serif; width: 0.25in; text-align: left">●</td> <td style="font-family: Times New Roman, Times, Serif; text-align: justify">index options in an effort to benefit from substantial price changes (up or down) in the markets (the “Market Movement Position”).</td> </tr> </table> In allocating the Fund’s assets, the Sub-Adviser uses a combination of the investment styles described above and may reduce or limit investments in certain assets, asset classes or strategies in order to achieve the desired composition of the Fund’s portfolio. The Sub-Adviser’s approach is designed to manage risk exposure by seeking opportunities for return from varying market conditions. Under normal market conditions, the Fund expects that (i) approximately 30% to 70% of the Fund’s assets will be allocated to the Equity Position, (ii) approximately 30% to 50% of the Fund’s assets will be allocated to the Income Position and (iii) approximately 2% to 30% of the Fund’s assets will be allocated to the Market Movement Position; however, these percentages may vary over time as a result of market conditions and fluctuations. Under normal market conditions, (i) the market value of the Equity Position’s options that are long positions are not expected to exceed approximately 6% of the Fund’s net assets; (ii) the market value of the Equity Position’s options that are short positions are not expected to exceed approximately 6% of the Fund’s net assets; (iii) the market value of the Income Position’s options are not expected to exceed approximately 12% of the Fund’s net assets; and (iv) the market value of the Market Movement Position’s options are expected to represent approximately 2% to 20% of the Fund’s net assets. The Fund will generally invest as follows: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0in; margin-bottom: 0in; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: top; text-align: justify"> <td style="font-family: Times New Roman, Times, Serif; width: 0.25in"></td> <td style="font-family: Times New Roman, Times, Serif; width: 0.25in; text-align: left">●</td> <td style="font-family: Times New Roman, Times, Serif; text-align: justify">The Equity Position. The Equity Position is designed to participate in equity markets while moderating volatility. In the Equity Position, the Fund typically invests in a broadly diversified portfolio of U.S. exchange-listed common stocks and American Depositary Receipts (“ADRs”) of companies that the Sub-Adviser believes possess attractive valuation characteristics, and the capability for above-average dividend yield, and/or ETFs that hold such companies. In selecting individual positions, the Sub-Adviser generally considers factors such as profitability, revenue growth, gross margins, debt ratios and other financial characteristics, seeking companies with favorable valuations (generally, prices that are reasonable relative to projected revenues, earnings, and dividends). The Sub-Adviser also looks for companies that possess characteristics that support maintaining market share and earnings power through market cycles and demonstrate the potential to increase dividends or earnings over time. While the Sub-Adviser will typically focus the Equity Position on companies having capitalizations of $5 billion or more, there are no restrictions on market capitalization. The Sub-Adviser may sell a stock from the Equity Position if the Sub-Adviser believes the company’s fundamentals have deteriorated, the company’s dividend or earnings growth has or will decline or the Sub-Adviser otherwise believes that selling the stock is in the Fund’s best interest.</td> </tr> </table> The Sub-Adviser uses an option technique called a “collar” to provide downside risk protection to the Equity Position; however, collars also will limit upside potential. In the Equity Position, the Sub-Adviser generally writes index calls above the current value of the applicable index to seek to generate premium income and use the proceeds to purchase index puts below the current value of the applicable index to seek to reduce the Fund’s exposure to market risk and volatility. The notional value of the options positions in the Equity Position is not expected to exceed 100% of the expected, aggregate value of the equity securities owned in the Equity Position at the time either option is “in the money” (i.e., when exercising the option would result in a profit). This percentage limitation on the use of options applies at the time an investment is made. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0in; margin-bottom: 0in; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: top; text-align: justify"> <td style="font-family: Times New Roman, Times, Serif; width: 0.25in"></td> <td style="font-family: Times New Roman, Times, Serif; width: 0.25in; text-align: left">●</td> <td style="font-family: Times New Roman, Times, Serif; text-align: justify">The Income Position. The Income Position is designed to balance the risk of the Equity Position by utilizing a combination of investments in domestic fixed-income investments (e.g., corporate bonds, U.S. government securities, mortgage-backed securities, high yield bonds (commonly known as “junk bonds”) or mutual funds and ETFs that invest in such securities) (collectively, “Fixed Income Instruments”) and the receipt of premiums from selling index options. The primary objective of the Income Position is yield generation, with a secondary emphasis on capital appreciation. While the Sub-Adviser may purchase Fixed Income Instruments of any maturity and credit quality, the Sub-Adviser typically invests in a broad mix of ETFs targeting a specific yield that the Sub-Adviser may adjust from time to time in response to market conditions.</td> </tr> </table> In implementing its options strategy for the Income Position, the Sub-Adviser typically writes put and call options on one or more broad-based U.S. stock indices, receiving premiums from the purchasers of the options. The Sub-Adviser may then repurchase the options prior to their expiration date, giving up appreciation and avoiding depreciation in between the sale of the option and its repurchase. The difference between the premium received from selling the option and the cost of repurchasing the option will determine the gain or loss realized by the Income Position. The options strategy utilized by the Sub-Adviser for the Income Position is intended to provide increased cash flow from premiums, reduce volatility, and provide protection against potential loss when the Fund purchases put and call options on the same indices on which the Fund has written options. The Sub-Adviser may also use “collars” or collar components to provide downside risk protection to the Income Position; however, collars also will limit upside potential. In the Income Position, the Sub-Adviser generally writes calls on underlying fixed income instruments at or above the current value of the applicable fixed income instrument to seek to generate premium income and may use the proceeds to purchase puts on underlying fixed income instruments below the current value of the applicable fixed income instrument to seek to reduce the Fund’s exposure to market risk and volatility. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0in; margin-bottom: 0in; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: top; text-align: justify"> <td style="font-family: Times New Roman, Times, Serif; width: 0.25in"></td> <td style="font-family: Times New Roman, Times, Serif; width: 0.25in; text-align: left">●</td> <td style="font-family: Times New Roman, Times, Serif; text-align: justify">The Market Movement Position. The Market Movement Position is designed to benefit from substantial price changes (up or down) in the markets. In executing the strategy for the Market Movement Position, the Sub-Adviser intends to purchase and write options on one or more broad-based U.S. stock indices, such as the Standard & Poor’s 500 Index, or ETFs that replicate or are related to such indices (including, without limitation, indices that measure market volatility). The Sub-Adviser uses a proprietary option allocation model to dynamically adjust the put protection it seeks to employ with the intent to minimize cost to the portfolio while providing potential upside in market downturns. Over time, the indices on which the Fund purchases and sells options may vary based on the Sub-Adviser’s assessment of the availability and liquidity of various listed index options, and the Sub-Adviser’s evaluation of equity market conditions and other factors.</td> </tr> </table> Generally, the Market Movement Position favors establishing debit option spreads of varying strike prices and maturities by simultaneously selling and purchasing options on the same underlying instrument having the same expiration date. The options the Market Movement Position buys and sells are typically settled in cash rather than by delivery of securities and reflect price fluctuations in a group of securities or segments of the securities market. The Sub-Adviser may also purchase alternative instruments that the Sub-Adviser believes will approximate the performance that could be achieved by establishing debit option spreads when the Sub-Adviser believes comparable results can be achieved at a lower cost than buying options directly. These alternative instruments include options on indexes, options on futures, options on ETFs and ETFs. In general, the Fund will not purchase or sell futures contracts or related options unless either (i) the futures contracts or options thereon are purchased for “bona fide hedging” purposes (as defined under regulations promulgated by the U.S. Commodity Futures Trading Commission (“CFTC”)); or (ii) if purchased for other purposes, (A) the sum of the amounts of initial margin deposits on the Fund’s existing futures and premiums required to establish non-hedging positions, less the amount by which any such options positions are “in-the- money” (as defined under CFTC regulations) would not exceed 5% of the liquidation value of the Fund’s total assets, or (B) the aggregate net notional value of commodity futures, commodity options contracts, or swaps positions, determined at the time the most recent position was established, does not exceed 100 percent of the liquidation value of the of the Fund’s total assets. Principal Risks of Investing <p id="xdx_A80_err--RiskTextBlock_hrr--RiskAxis__custom--AllRiskMember_zeOpdcIcL4nb" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Risk is inherent in all investing including an investment in the Fund. An investment in the Fund involves risk, including, the following principal risks, among others: Management and Strategy Risk, ETF and Mutual Funds Risk, Derivatives and Hedging Transactions Risk, Fixed Income Securities Risk, Interest Rate Risk, Credit Risk, Liquidity Risk, Equity Risk, Market Risk, Currency Risk, Foreign Investment Risk, High Yield (“Junk”) Bond Risk, Large-Cap Company Risk, Mortgage-Backed and Asset-Backed Securities Risk, Small Cap and Mid Cap Company Risk, and Government-Sponsored Entities Risk. Summary descriptions of these and other principal risks of investing in the Fund are set forth below. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_901_err--RiskCaption_c20240201__20240201__dei--LegalEntityAxis__custom--S000070730Member__rr--RiskAxis__rr--RiskLoseMoneyMember_zm6RLwb5vukb">Before you decide whether to invest in the Fund, carefully consider these risks associated with investing in the Fund, which may cause investors to lose money. There can be no assurance that the Fund will achieve its investment objective. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90D_err--RiskCaption_c20240201__20240201__dei--LegalEntityAxis__custom--S000070730Member__rr--RiskAxis__rr--RiskNotInsuredDepositoryInstitutionMember_zH6B5zyv5XH4">An investment in the Fund is not a deposit of the bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. <div style="display: none"></div> Before you decide whether to invest in the Fund, carefully consider these risks associated with investing in the Fund, which may cause investors to lose money. An investment in the Fund is not a deposit of the bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. <p id="xdx_A89_err--RiskTextBlock_hrr--RiskAxis__custom--ManagementAndStrategyRiskMember_zT6XE1Wfa73b" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Management and Strategy Risk. The value of your investment depends on the judgment of the Adviser or Sub-Adviser about the quality, relative yield, value or market trends affecting a particular security, industry, sector or region, which may prove to be incorrect. Investment strategies employed by the Adviser or Sub-Adviser in selecting Fund Investments may not result in an increase in the value of your investment or in overall performance equal to other investments. <div style="display: none"></div> <p id="xdx_A8B_err--RiskTextBlock_hrr--RiskAxis__custom--ETFAndMutualFundsRiskMember_zipQtHBadLX" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">ETF and Mutual Funds Risk. The Fund’s investment in ETFs and mutual funds (including other funds managed by the Sub-Adviser) generally reflects the risks of owning the underlying securities the ETF or mutual fund holds. An ETF may also trade at a discount to its net asset value. For example, where all or a portion of an ETF’s underlying securities trade in a market that is closed when the market in which the ETF’s shares are listed and trading in that market is open, there may be changes between the last quote from its closed foreign market and the value of such security during the ETF’s domestic trading day. This could, in turn, result in differences between the market price of the ETF’s shares and the underlying value of those shares. The Fund will pay brokerage commissions in connection with the purchase and sale of shares of ETFs. In addition, the Fund may invest in underlying funds which invest a larger portion of their assets in one or more sectors than many other mutual funds, and thus will be more susceptible to negative events affecting those sectors. The Fund will be indirectly exposed to the risks of the portfolio assets held by an underlying fund in which the Fund invests, including, but not limited to, derivatives, currencies and leverage risk. Investments in ETFs and mutual funds are also subject to the following additional risks: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">■</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Expenses. Since the Fund is a “fund of funds,” your cost of investing in the Fund will generally be higher than the cost of investing directly in ETFs or other investment companies, because you will indirectly bear fees and expenses charged by the underlying ETFs and investment companies in which the Fund invests in addition to the Fund’s direct fees and expenses. Furthermore, the use of a fund of funds structure could affect the timing, amount, and character of a fund’s distributions and therefore may increase the amount of your tax liability.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">■</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Investment Limitation. Under Section 12(d)(1) of the Investment Company Act of 1940 (the “1940 Act”), the Fund is generally subject to limits on investments in shares of an ETF or other investment company. However, the Fund is permitted to invest in ETFs or investment companies beyond the limits, subject to certain terms and conditions set forth in Securities and Exchange Commission (the “SEC”) rules. Accordingly, the limitations, or satisfaction of certain conditions specified in the rules, may prevent the Fund from allocating its investments in the manner the Adviser considers optimal, or cause the Adviser to select an investment other than that which the Adviser considers optimal.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">■</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Market Value Risk. The market value of an ETF’s shares may differ from its net asset value (“NAV”). This difference in price may be due to the fact that the supply and demand in the market for ETF shares at any point in time is not always identical to the supply and demand in the market for the underlying basket of securities. Accordingly, there may be times when an ETF trades at a premium (creating the risk that the Fund pays more than NAV for an ETF when making a purchase) or discount (creating the risks that the Fund’s NAV is reduced for undervalued ETFs it holds and that the Fund receives less than NAV when selling an ETF).</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">■</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Operational Risks. There can be no assurance that an active trading market will develop and be maintained for the shares of the ETFs in which the Fund invests. Further, market makers (other than lead market makers) have no obligation to make markets in an ETF’s shares and may discontinue doing so at any time without notice. To the extent no market makers are willing to process creation and/or redemption orders for an ETF, shares of the ETF may trade like closed-end fund shares at a discount to NAV and the ETF may possibly face delisting. Trading in an ETF’s shares may be halted because of market conditions or for reasons that, in the view of the exchange on which the ETF lists its shares, make trading in the ETF’s shares inadvisable. In addition, trading in an ETF’s shares is subject to trading halts caused by extraordinary market volatility pursuant to “circuit breaker” rules. During stressed market conditions, the liquidity of an ETF’s shares may be less than the liquidity of the securities in the ETF’s portfolio. Any of the foregoing would have an adverse effect on the value of the Fund’s investment in the ETF’s shares.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">■</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Registration. Shareholders of ETFs that are registered under the Securities Act of 1933 but not the 1940 Act, such as certain ETFs that invest in commodities, do not have the protections of the 1940 Act.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">■</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Sampling Risk. Index-based Fund Investments may utilize a representative sampling approach to track their respective underlying indices. Index-based Fund Investments that utilize a representative sampling approach are subject to an increased risk of tracking error because the securities selected for the Fund Investment in the aggregate may vary from the investment profile of the underlying index. Additionally, if using a representative </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">sampling approach, a Fund Investment will typically hold a smaller number of securities than the underlying index, and as a result, an adverse development to a Fund Investment could result in a greater decline in NAV than would be the case if the Fund Investment held all of the securities in the underlying index.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in"></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">■</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Tracking Risk. Index-based Fund Investments may not be able to replicate exactly the performance of the indices they track because the total return generated by the securities will be reduced by transaction costs incurred in adjusting the actual balance of the securities. In addition, Fund Investments may incur expenses not incurred by their applicable indices. Certain securities comprising these indices may, from time to time, temporarily be unavailable, which may further impede a Fund Investment’s ability to track its applicable indices or match its performance.</td></tr> </table> <div style="display: none"></div> <p id="xdx_A83_err--RiskTextBlock_hrr--RiskAxis__custom--DerivativesAndHedgingTransactionsRiskMember_zTznjSsR1sM6" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Derivatives and Hedging Transactions Risk. The Sub-Adviser may make use of futures, forwards, forward contracts, options, swaps and other forms of derivative instruments. The use of derivative instruments exposes the Fund to additional risks and transaction costs. These instruments come in many varieties and have a wide range of potential risks and rewards, and may include futures contracts, options (both written and purchased), swaps and forward currency exchange contracts. A risk of the Fund’s use of derivatives is that the fluctuations in their values may not correlate perfectly with the overall securities markets. Additionally, to the extent the Fund is required to segregate or “set aside” (often referred to as “asset segregation”) liquid assets or otherwise cover open positions with respect to certain derivative instruments, the Fund may be required to sell portfolio instruments to meet these asset segregation requirements. There is a possibility that segregation involving a large percentage of the Fund’s assets could impede portfolio management or the Fund’s ability to meet redemption requests or other current obligations. Opening derivative positions also exposes to the Fund to risk that the counterparty to the transaction defaults. Transactions in certain derivatives are subject to clearance on a U.S. national exchange and to regulatory oversight, while other derivatives are subject to risks of trading in the OTC markets or on non-U.S. exchanges. Additional risks associated with derivatives trading include but not limited to: counterparty risk, exchange or swap execution facility risk, collateral risk and market risk. <div style="display: none"></div> <p id="xdx_A89_err--RiskTextBlock_hrr--RiskAxis__custom--FixedIncomeSecuritiesRiskMember_zQc3nhMFXPS" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Fixed Income Securities Risk. The prices of fixed income securities respond to economic developments, particularly interest rate changes, as well as to changes in an issuer’s credit rating or market perceptions about the creditworthiness of an issuer. <div style="display: none"></div> <p id="xdx_A83_err--RiskTextBlock_hrr--RiskAxis__custom--InterestRateRiskMember_zXRvesV8COC8" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Interest Rate Risk. Generally fixed income securities decrease in value if interest rates rise and increase in value if interest rates fall, with longer-term and lower rated securities being more volatile than shorter-term and higher-rated securities. Falling interest rates also create the potential for a decline in the Fund’s income. Changes in governmental policy, rising inflation rates, and general economic developments, among other factors, could cause interest rates to increase and could have a substantial and immediate effect on the values of the Fund’s investments. In addition, a rise in interest rates may result in periods of volatility and increased redemptions that might require the Fund to liquidate portfolio securities at disadvantageous prices and times. <div style="display: none"></div> <p id="xdx_A82_err--RiskTextBlock_hrr--RiskAxis__custom--CreditRiskMember_zFHulMFSPT98" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Credit Risk. If an issuer or guarantor of a debt security held by the Fund or a counterparty to a financial contract with the Fund defaults or is downgraded or is perceived to be less creditworthy, or if the value of the assets underlying a security declines, the value of the Fund’s portfolio will typically decline to some extent. <div style="display: none"></div> <p id="xdx_A8E_err--RiskTextBlock_hrr--RiskAxis__custom--LiquidityRiskMember_zSmbb9fokBI5" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Liquidity Risk. The Fund may not be able to sell some or all of the investments that it holds due to a lack of demand in the marketplace or other factors such as market turmoil, or if the Fund is forced to sell an illiquid investment to meet redemption requests or other cash needs it may only be able to sell those investments at a loss. Illiquid investments may also be difficult to value. <div style="display: none"></div> <p id="xdx_A89_err--RiskTextBlock_hrr--RiskAxis__custom--EquityRiskMember_zoh691zxrmLl" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Equity Risk. The value of the equity securities held by the Fund may fall due to general market and economic conditions, perceptions regarding the industries in which the issuers of securities held by the Fund participate, or factors relating to specific companies in which the Fund invests. <div style="display: none"></div> <p id="xdx_A84_err--RiskTextBlock_hrr--RiskAxis__custom--MarketRiskMember_zljxMjd2rh06" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Market Risk. The market price of a security or instrument may decline, sometimes rapidly or unpredictably, due to general market conditions that are not specifically related to a particular company, such as real or perceived adverse economic or political conditions throughout the world, including war, public health crises (including the occurrence of a contagious disease or illness), changes in the general outlook for corporate earnings, inflation, changes in interest or currency rates or adverse investor sentiment generally. The market value of a security or instrument also may decline because of factors that affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. <div style="display: none"></div> <p id="xdx_A85_err--RiskTextBlock_hrr--RiskAxis__custom--CurrencyRiskMember_zIFvxRWHbgX" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Currency Risk. The values of investments in securities denominated in foreign currencies increase or decrease as the rates of exchange between those currencies and the U.S. Dollar change. Currency conversion costs and currency fluctuations could erase investment gains or add to investment losses. Currency exchange rates can be volatile and are affected by factors such as general economic conditions, the actions of the United States and foreign governments or central banks, the imposition of currency controls, and speculation. <div style="display: none"></div> <p id="xdx_A87_err--RiskTextBlock_hrr--RiskAxis__custom--ForeignInvestmentRiskMember_z1Yn9qo0tONf" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Foreign Investment Risk. The prices of foreign securities may be more volatile than the prices of securities of U.S. issuers because of economic and social conditions abroad, political developments, and differences and changes in the regulatory environments of foreign countries. In addition, changes in exchange rates and interest rates may adversely affect the values of the Fund’s foreign investments. Foreign companies are generally subject to different legal and accounting standards than U.S. companies, and foreign financial intermediaries may be subject to less supervision and regulation than U.S. financial firms. Foreign securities include ADRs and Global Depositary Receipts (“GDRs”). Unsponsored ADRs and GDRs are organized independently and without the cooperation of the foreign issuer of the underlying securities, and involve additional risks because U.S. reporting requirements do not apply and the issuing bank will recover shareholder distribution costs from changes in share prices and payment of dividends. <div style="display: none"></div> <p id="xdx_A8F_err--RiskTextBlock_hrr--RiskAxis__custom--HighYieldJunkBondRiskMember_zLguJo5fAZP9" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">High Yield (“Junk”) Bond Risk. High yield bonds are debt securities rated below investment grade (often called “junk bonds”). Junk bonds are speculative, involve greater risks of default, downgrade, or price declines and are more volatile and tend to be less liquid than investment-grade securities. Companies issuing high yield bonds are less financially strong, are more likely to encounter financial difficulties, and are more vulnerable to adverse market events and negative sentiments than companies with higher credit ratings. <div style="display: none"></div> <p id="xdx_A88_err--RiskTextBlock_hrr--RiskAxis__custom--LargeCapCompanyRiskMember_z3vbkfP3Yw65" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Large-Cap Company Risk. Securities of companies with market capitalizations that are larger than small and mid cap companies may be susceptible to slower growth during times of economic expansion. They may not be able to respond as quickly to economic changes, market innovation, or changes in consumer behavior. <div style="display: none"></div> <p id="xdx_A85_err--RiskTextBlock_hrr--RiskAxis__custom--MortgageBackedAndAssetBackedSecuritiesRiskMember_zu9nx4yiWf06" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Mortgage-Backed and Asset-Backed Securities Risk. Mortgage-backed and asset-backed securities represent interests in “pools” of mortgages or other assets, including consumer loans or receivables held in trust. Mortgage-backed securities are subject to “prepayment risk” (the risk that borrowers will repay a loan more quickly in periods of falling interest rates) and “extension risk” (the risk that borrowers will repay a loan more slowly in periods of rising interest rates). If the Fund invests in mortgage-backed or asset-backed securities that are subordinated to other interests in the same pool, the Fund may only receive payments after the pool’s obligations to other investors have been satisfied. An unexpectedly high rate of defaults on the assets held by a pool may limit substantially the pool’s ability to make payments of principal or interest to the Fund, reducing the values of those securities or in some cases rendering them worthless. The Fund’s investments in other asset-backed securities are subject to risks similar to those associated with mortgage-backed securities, as well as additional risks associated with the nature of the assets and the servicing of those assets. <div style="display: none"></div> <p id="xdx_A82_err--RiskTextBlock_hrr--RiskAxis__custom--SmallCapAndMidCapCompanyRiskMember_zJkjsZtnoYVe" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Small Cap and Mid Cap Company Risk. The securities of small capitalization and mid capitalization companies may be subject to more abrupt or erratic market movements and may have lower trading volumes or more erratic trading than securities of larger, more established companies or market averages in general. In addition, such companies typically are more likely to be adversely affected than large capitalization companies by changes in earning results, business prospects, investor expectations or poor economic or market conditions. <div style="display: none"></div> <p id="xdx_A8B_err--RiskTextBlock_hrr--RiskAxis__custom--GovernmentSponsoredEntitiesRiskMember_zYC9m5gmMuuh" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">Government-Sponsored Entities Risk. The Fund’s investment in U.S. government obligations may include securities issued or guaranteed as to principal and interest by the U.S. government, or its agencies or instrumentalities. There can be no assurance that the U.S. government would provide financial support to its agencies or instrumentalities (including government-sponsored enterprises) when it is not obligated to do so. Performance <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90C_err--PerformanceInformationIllustratesVariabilityOfReturns_c20240201__20240201__dei--LegalEntityAxis__custom--S000070730Member_zllwM3LVenIf">The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the performance of the Fund’s Class A shares from year to year and by showing how the average annual total returns of Class A shares of the Fund compare with the average annual total returns of a broad-based market index. Performance for classes other than those shown may vary from the performance shown to the extent the expenses for those classes differ. Updated performance information is available at the Fund’s website, <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90E_err--PerformanceAvailabilityWebSiteAddress_c20240201__20240201__dei--LegalEntityAxis__custom--S000070730Member_zjfT7Gi5xkR7">www.northsquareinvest.com, or by calling the Fund at <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_903_err--PerformanceAvailabilityPhone_c20240201__20240201__dei--LegalEntityAxis__custom--S000070730Member_zGMxayAZg6hj">1-855-551-5521. The Fund has adopted the historical performance of the Stadion Trilogy Alternative Return Fund (the “Predecessor Fund”), a former series of Stadion Investment Trust, as a result of a reorganization consummated after the close of business on June 11, 2021 (“Reorganization”), in which the Fund acquired all of the assets, subject to the liabilities, of the Predecessor Fund. The performance information presented below for periods prior to the Reorganization reflects the performance of the Predecessor Fund. At the time of the Reorganization, the Fund and the Predecessor Fund had substantially similar investment strategies. Prior to the Reorganization, the Fund was a “shell” fund with no assets and had not yet commenced operations. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90C_err--PerformancePastDoesNotIndicateFuture_c20240201__20240201__dei--LegalEntityAxis__custom--S000070730Member_zS8aoHCZTi0j">The Fund’s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_909_err--BarChartDoesNotReflectSalesLoads_c20240201__20240201__dei--LegalEntityAxis__custom--S000070730Member_zzisBk5lvKYb">Sales loads are not reflected in the bar chart, and if those charges were included, returns would be less than those shown. The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the performance of the Fund’s Class A shares from year to year and by showing how the average annual total returns of Class A shares of the Fund compare with the average annual total returns of a broad-based market index. www.northsquareinvest.com 1-855-551-5521 The Fund’s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. Sales loads are not reflected in the bar chart, and if those charges were included, returns would be less than those shown. Calendar-Year Total Return (before taxes) for Class A Shares For each calendar year at NAV 0.0333 0.0040 -0.0024 0.0696 0.0463 -0.0674 0.0313 0.0694 0.0429 -0.1070 The <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90D_err--YearToDateReturnLabel_c20240201__20240201__dei--LegalEntityAxis__custom--S000070730Member__rr--ProspectusShareClassAxis__custom--C000224844Member_zZ9KdWZfVY58">year-to-date return as of <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_908_err--BarChartYearToDateReturnDate_c20240201__20240201__dei--LegalEntityAxis__custom--S000070730Member__rr--ProspectusShareClassAxis__custom--C000224844Member_zuDz8dyUkVl2">June 30, 2023 was <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90C_err--BarChartYearToDateReturn_c20240201__20240201__dei--LegalEntityAxis__custom--S000070730Member__rr--ProspectusShareClassAxis__custom--C000224844Member_zmgMDWUuoFC6">0.19%. <table cellpadding="3" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: #DBDBDB"> <td colspan="3" style="border-top: black 1pt solid; border-right: black 1pt solid; border-left: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">Class A</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; width: 50%"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90A_err--HighestQuarterlyReturnLabel_c20240201__20240201__dei--LegalEntityAxis__custom--S000070730Member__rr--ProspectusShareClassAxis__custom--C000224844Member_zmEZZMvm1y6f">Highest Calendar Quarter Return at NAV (non-annualized)</td> <td style="border-top: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 25%; text-align: center"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_905_err--BarChartHighestQuarterlyReturn_c20240201__20240201__dei--LegalEntityAxis__custom--S000070730Member__rr--ProspectusShareClassAxis__custom--C000224844Member_zMhJdVJ9uMSh">4.79%</td> <td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; vertical-align: bottom; width: 25%">Quarter ended <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_904_err--BarChartHighestQuarterlyReturnDate_c20240201__20240201__dei--LegalEntityAxis__custom--S000070730Member__rr--ProspectusShareClassAxis__custom--C000224844Member_zvH9rJFfFyu1">6/30/2016</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="border-bottom: black 1pt solid; border-left: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_905_err--LowestQuarterlyReturnLabel_c20240201__20240201__dei--LegalEntityAxis__custom--S000070730Member__rr--ProspectusShareClassAxis__custom--C000224844Member_zksldsmWesJ9">Lowest Calendar Quarter Return at NAV (non-annualized)</td> <td style="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; text-align: center"><span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90C_err--BarChartLowestQuarterlyReturn_c20240201__20240201__dei--LegalEntityAxis__custom--S000070730Member__rr--ProspectusShareClassAxis__custom--C000224844Member_zZ0XYQC2Qqk5">-4.99%</td> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; vertical-align: bottom">Quarter ended <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90A_err--BarChartLowestQuarterlyReturnDate_c20240201__20240201__dei--LegalEntityAxis__custom--S000070730Member__rr--ProspectusShareClassAxis__custom--C000224844Member_zkQ2ZfOBo8Tk">3/31/2018</td></tr> </table> year-to-date return 2023-06-30 0.0019 Highest Calendar Quarter Return at NAV (non-annualized) 0.0479 2016-06-30 Lowest Calendar Quarter Return at NAV (non-annualized) -0.0499 2018-03-31 Average Annual Total Returns (for the periods ended December 31, 2022) 2012-04-02 2012-04-02 2012-04-02 2012-04-02 2012-04-02 2012-04-02 2012-04-02 2012-04-02 2012-04-02 2012-04-02 2012-04-02 2012-04-02 2012-04-02 2012-04-02 Class A - Return Before Taxes Class A - Return Before Taxes -0.1583 -0.0202 0.0045 0.0073 Class A - Return After Taxes on Distributions Class A - Return After Taxes on Distributions -0.1602 -0.0226 0.0025 0.0052 Class A - Return After Taxes on Distributions and Sale of Fund Shares Class A - Return After Taxes on Distributions and Sale of Fund Shares -0.0926 -0.0154 0.0034 0.0056 Class C - Return Before Taxes Class C - Return Before Taxes -0.1225 -0.0158 0.0028 0.0053 Class I - Return Before Taxes Class I - Return Before Taxes -0.1048 -0.0060 0.0128 0.0153 HFRX Absolute Return Index (reflects no deduction for fees, expenses, or taxes) HFRX Absolute Return Index (reflects no deduction for fees, expenses, or taxes) (reflects no deduction for fees, expenses, or taxes) (reflects no deduction for fees, expenses, or taxes) 0.0085 0.0189 0.0203 0.0193 Bloomberg US Aggregate Bond Index (reflects no deduction for fees, expenses, or taxes) Bloomberg US Aggregate Bond Index (reflects no deduction for fees, expenses, or taxes) -0.1301 0.0002 0.0106 0.0133 <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_906_err--PerformanceTableUsesHighestFederalRate_c20240201__20240201__dei--LegalEntityAxis__custom--S000070730Member_zd7ygeZnxIoj">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_90A_err--PerformanceTableNotRelevantToTaxDeferred_c20240201__20240201__dei--LegalEntityAxis__custom--S000070730Member_zunIh6Cmm7I">Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After–tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_901_err--PerformanceTableOneClassOfAfterTaxShown_c20240201__20240201__dei--LegalEntityAxis__custom--S000070730Member_zOE0mBPfeN7j">After-tax returns are shown for Class A shares only and after-tax returns for other classes will vary from returns shown for Class A shares to the extent that each class has different expenses. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIFJpc2svUmV0dXJuIERldGFpbCBEYXRhIHtFbGVtZW50c30A" id="xdx_903_err--PerformanceTableExplanationAfterTaxHigher_c20240201__20240201__dei--LegalEntityAxis__custom--S000070730Member_zFQY7aav5jf8">In certain cases, Return After Taxes on Distributions and Sale of Fund Shares may be higher than the other return figures for the same period. This will occur when a capital loss is realized upon the sale of Fund shares or provides an assumed tax benefit that increases the return. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After–tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for Class A shares only and after-tax returns for other classes will vary from returns shown for Class A shares to the extent that each class has different expenses. In certain cases, Return After Taxes on Distributions and Sale of Fund Shares may be higher than the other return figures for the same period. This will occur when a capital loss is realized upon the sale of Fund shares or provides an assumed tax benefit that increases the return. No sales charge applies on investments of $500,000 or more, but a contingent deferred sales charge (“CDSC”) of 1% will be imposed on certain redemptions of such shares within 12 months of the date of purchase. Acquired fund fees and expenses are indirect fees and expenses that the Fund incurs from investing in the shares of other mutual funds, including money market funds. The total annual fund operating expenses and net operating expenses do not correlate to the ratio of expenses to average net assets appearing in the financial highlights table, which reflects only the operating expenses of the Fund and does not include acquired fund fees and expenses. North Square Investments, LLC (“North Square” or the “Adviser”), the Fund’s investment adviser, has contractually agreed to waive its fees and/or pay for or reimburse operating expenses of the Fund to ensure that total annual fund operating expenses (excluding any taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, any acquired fund fees and expenses, expenses incurred in connection with any merger or reorganization, and extraordinary expenses such as litigation expenses) do not exceed 1.30% and 1.05% of the average daily net assets of the Fund’s Class A and Class I shares, respectively. This agreement is in effect until September 30, 2025, and it may be terminated before that date only by the Board of Trustees. North Square is permitted to seek reimbursement from the Fund, subject to certain limitations, of fees waived, payments made or expenses reimbursed to the Fund for a period ending 36 months after the date of the waiver, payment or reimbursement. This reimbursement may be requested from the Fund if the reimbursement will not cause the Fund’s annual expense ratio to exceed the lesser of (a) the expense limitation amount in effect at the time such fees were waived, payments made or expenses reimbursed, or (b) the expense limitation amount in effect at the time of the reimbursement. During the fiscal year ended May 31, 2023, the Adviser recouped previous fee reductions of $187,813 and $112,814 from the Fund’s Class A and Class I shares, respectively. Information for Class I shares prior to December 29, 2009, reflects the performance of Class A shares, adjusted for the lower expenses attributable to Class I shares. Effective September 28, 2023, the Russell 2000 Total Return Index has replaced the Russell 2000 Index as the Fund’s primary benchmark as the Russell 2000 Total Return Index is more closely aligned with the Fund’s principal investment strategies and portfolio holdings. No sales charge applies on investments of $500,000 or more, but a contingent deferred sales charge (“CDSC”) of 1% will be imposed on certain redemptions of such shares within 12 months of the date of purchase. “All Other Expenses” are estimated for the current fiscal year for Class A shares. North Square Investments, LLC (“North Square” or the “Adviser”), the Fund’s investment adviser, has contractually agreed to waive its fees and/or pay for or reimburse operating expenses of the Fund to ensure that total annual fund operating expenses (excluding any taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, any acquired fund fees and expenses, expenses incurred in connection with any merger or reorganization, and extraordinary expenses such as litigation expenses) do not exceed 0.99% and 1.24% of the average daily net assets of the Fund’s Class I and Class A shares, respectively. This agreement is in effect until September 30, 2029, and it may be terminated before that date only by the Board of Trustees. North Square is permitted to seek reimbursement from the Fund, subject to certain limitations, of fees waived, payments made or expenses reimbursed to the Fund for a period ending 36 months after the date of the waiver, payment or reimbursement. This reimbursement may be requested from the Fund if the reimbursement will not cause the Fund’s annual expense ratio to exceed the lesser of (a) the expense limitation amount in effect at the time such fees were waived, payments made or expenses reimbursed, or (b) the expense limitation amount in effect at the time of the reimbursement. During the period from May 30, 2020 through December 31, 2022 there were no Class A Shares of the Fund outstanding. Had Class A Shares been outstanding they would have been invested in the same portfolio as the Class I Shares. Performance shown for the period from May 30, 2020 to December 31, 2022 is based on the performance of Class I Shares, adjusted on a proforma basis, for the higher expenses applicable to Class A Shares, which are subject to a sales load and a 12b-1 fee. No sales charge applies on investments of $500,000 or more, but a contingent deferred sales charge (“CDSC”) of 1% will be imposed on certain redemptions of such shares within 12 months of the date of purchase. “All Other Expenses” are estimated for the current fiscal year for Class A shares. North Square Investments, LLC (“North Square” or the “Adviser”), the Fund’s investment adviser, has contractually agreed to waive its fees and/or pay for or reimburse operating expenses of the Fund to ensure that total annual fund operating expenses (excluding any taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, any acquired fund fees and expenses, expenses incurred in connection with any merger or reorganization, and extraordinary expenses such as litigation expenses) do not exceed 1.19% and 0.94% of the average daily net assets of the Fund’s Class A and Class I shares, respectively. This agreement is in effect until September 30, 2029, and it may be terminated before that date only by the Board of Trustees. North Square is permitted to seek reimbursement from the Fund, subject to certain limitations, of fees waived, payments made or expenses reimbursed to the Fund for a period ending 36 months after the date of the waiver, payment or reimbursement. This reimbursement may be requested from the Fund if the reimbursement will not cause the Fund’s annual expense ratio to exceed the lesser of (a) the expense limitation amount in effect at the time such fees were waived, payments made or expenses reimbursed, or (b) the expense limitation amount in effect at the time of the reimbursement. No sales charge applies on investments of $500,000 or more, but a contingent deferred sales charge (“CDSC”) of 1% will be imposed on certain redemptions of such shares within 12 months of the date of purchase. North Square Investments, LLC (“North Square” or the “Adviser”), the Fund’s investment adviser, does not receive management fees for Fund assets invested in other series of the Trust advised by North Square (“affiliated investments”). North Square receives management fees of 0.50% for Fund assets invested in non-affiliated investments. As of the date of this prospectus, North Square expects substantially all of the Fund’s assets to be invested in affiliated investments. Acquired fund fees and expenses are indirect fees and expenses that the Fund incurs from investing in the shares of other mutual funds, including money market funds. The total annual fund operating expenses and net operating expenses do not correlate to the ratio of expenses to average net assets appearing in the financial highlights table, which reflects only the operating expenses of the Fund and does not include acquired fund fees and expenses. Information for Class I shares prior to August 10, 2004, reflects the performance of Class A shares, adjusted for the lower expenses attributable to Class I shares. North Square Investments, LLC (“North Square” or the “Adviser”), the Fund’s investment adviser, has contractually agreed to waive its fees and/or pay for or reimburse operating expenses of the Fund to ensure that total annual fund operating expenses (excluding any taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, any acquired fund fees and expenses, expenses incurred in connection with any merger or reorganization, and extraordinary expenses such as litigation expenses) do not exceed 0.97% of the average daily net assets of Class I shares of the Fund, respectively. This agreement is in effect until September 30, 2029, and it may be terminated before that date only by the Board of Trustees. North Square is permitted to seek reimbursement from the Fund, subject to certain limitations, of fees waived, payments made or expenses reimbursed to the Fund for a period ending 36 months after the date of the waiver, payment or reimbursement. This reimbursement may be requested from the Fund if the reimbursement will not cause the Fund’s annual expense ratio to exceed the lesser of (a) the expense limitation amount in effect at the time such fees were waived, payments made or expenses reimbursed, or (b) the expense limitation amount in effect at the time of the reimbursement. No sales charge applies on investments of $500,000 or more, but a contingent deferred sales charge (“CDSC”) of 1% will be imposed on certain redemptions of such shares within 12 months of the date of purchase. A CDSC of 1.00% will be charged on Class C Shares purchases that are redeemed in whole or in part within 12 months of purchase. Acquired fund fees and expenses are indirect fees and expenses that the Fund incurs from investing in the shares of other mutual funds, including money market funds. The total annual fund operating expenses and net operating expenses do not correlate to the ratio of expenses to average net assets appearing in the financial highlights table, which reflects only the operating expenses of the Fund and does not include acquired fund fees and expenses. North Square Investments, LLC (the “Adviser”), the Fund’s investment adviser, has contractually agreed to waive its fees and/or pay for or reimburse operating expenses of the Fund to ensure that total annual fund operating expenses (excluding any taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, any acquired fund fees and expenses, expenses incurred in connection with any merger or reorganization, extraordinary expenses such as litigation expenses, and payments, if any, under Rule 12b-1 Distribution Plan) do not exceed 1.30%, 1.30% and 1.30% of the average daily net assets of the Fund’s Class A, Class C and Class I shares, respectively (“Expense Limitation Agreement”). The Expense Limitation Agreement is in effect until September 30, 2025, and it may be terminated before that date only by the Board of Trustees. North Square is permitted to seek reimbursement from the Fund, subject to certain limitations, of fees waived, payments made or expenses reimbursed to the Fund for a period ending 36 months after the date of the waiver, payment or reimbursement. This reimbursement may be requested from the Fund if the reimbursement will not cause the Fund's annual expense ratio to exceed the lesser of (a) the expense limitation amount in effect at the time such fees were waived, payments made or expenses reimbursed, or (b) the expense limitation amount in effect at the time of the reimbursement. Class A and C shares of the Fund commenced operations on April 1, 2013. The performance shown for Class A and C shares for periods pre-dating the commencement of operations of those classes reflects the performance of the Fund’s Class I shares, the initial share class, calculated using the fees and expenses of Class A and C shares, respectively, and without the effect of any fee and expense limitations or waivers. If Class A and C shares of the Fund had been available during periods prior to April 1, 2013, the performance shown may have been different. No sales charge applies on investments of $500,000 or more, but a contingent deferred sales charge (“CDSC”) of 1% will be imposed on certain redemptions of such shares within 12 months of the date of purchase. A CDSC of 1.00% will be charged on Class C Shares purchases that are redeemed in whole or in part within 12 months of purchase. Acquired fund fees and expenses are indirect fees and expenses that the Fund incurs from investing in the shares of other mutual funds, including money market funds. The total annual fund operating expenses and net operating expenses do not correlate to the ratio of expenses to average net assets appearing in the financial highlights table, which reflects only the operating expenses of the Fund and does not include acquired fund fees and expenses. North Square Investments, LLC (the “Adviser”), the Fund’s investment adviser, has contractually agreed to waive its fees and/or pay for or reimburse operating expenses of the Fund to ensure that total annual fund operating expenses (excluding any taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, any acquired fund fees and expenses, expenses incurred in connection with any merger or reorganization, extraordinary expenses such as litigation expenses, and payments, if any, under a Rule 12b-1 Distribution Plan) do not exceed 1.70%, 1.70% and 1.70% of the average daily net assets of the Fund’s Class A, Class C and Class I shares, respectively (“Expense Limitation Agreement”). The Expense Limitation Agreement is in effect until September 30, 2025, and it may be terminated before that date only by the Board of Trustees. North Square is permitted to seek reimbursement from the Fund, subject to certain limitations, of fees waived, payments made or expenses reimbursed to the Fund for a period ending 36 months after the date of the waiver, payment or reimbursement. This reimbursement may be requested from the Fund if the reimbursement will not cause the Fund’s annual expense ratio to exceed the lesser of (a) the expense limitation amount in effect at the time such fees were waived, payments made or expenses reimbursed, or (b) the expense limitation amount in effect at the time of the reimbursement. Class A shares began operations on September 15, 2006, Class C shares began operations on October 1, 2009, Class I shares began operations on May 28, 2010. The performance shown for Class C and I shares for periods pre-dating the commencement of operations of those classes reflects the performance of the Fund’s Class A shares, the initial share class, calculated using the fees and expenses of Class C and I shares, respectively, and without the effect of any fee and expense limitations or waivers. If Class C and I shares of the Fund had been available during periods prior to October 1, 2009 and May 28, 2010, respectively, the performance shown may have been different. No sales charge applies on investments of $500,000 or more, but a contingent deferred sales charge (“CDSC”) of 1% will be imposed on certain redemptions of such shares within 12 months of the date of purchase. A CDSC of 1.00% will be charged on Class C Shares purchases that are redeemed in whole or in part within 12 months of purchase. Acquired fund fees and expenses are indirect fees and expenses that the Fund incurs from investing in the shares of other mutual funds, including money market funds. The total annual fund operating expenses and net operating expenses do not correlate to the ratio of expenses to average net assets appearing in the financial highlights table, which reflects only the operating expenses of the Fund and does not include acquired fund fees and expenses. North Square Investments, LLC (the “Adviser”), the Fund’s investment adviser, has contractually agreed to waive its fees and/or pay for or reimburse operating expenses of the Fund to ensure that total annual fund operating expenses (excluding any taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, any acquired fund fees and expenses, expenses incurred in connection with any merger or reorganization, extraordinary expenses such as litigation expenses, and payments, if any, under a Rule 12b-1 Distribution Plan) do not exceed 1.38%, 1.38% and 1.38% of the average daily net assets of the Fund’s Class A, Class C and Class I shares, respectively (“Expense Limitation Agreement”). The Expense Limitation Agreement is in effect until September 30, 2025, and it may be terminated before that date only by the Board of Trustees. North Square is permitted to seek reimbursement from the Fund, subject to certain limitations, of fees waived, payments made or expenses reimbursed to the Fund for a period ending 36 months after the date of the waiver, payment or reimbursement. This reimbursement may be requested from the Fund if the reimbursement will not cause the Fund's annual expense ratio to exceed the lesser of (a) the expense limitation amount in effect at the time such fees were waived, payments made or expenses reimbursed, or (b) the expense limitation amount in effect at the time of the reimbursement.