0001750821 2025-11-01 2026-04-30 0001750821 epat:C000249248Member 2025-11-01 2026-04-30 0001750821 epat:C000249248Member 2026-04-30 0001750821 epat:C000249248Member us-gaap:TechnologySectorMember 2026-04-30 0001750821 epat:C000249248Member epat:FinancialsSectorMember 2026-04-30 0001750821 epat:C000249248Member epat:IndustrialsSectorMember 2026-04-30 0001750821 epat:C000249248Member us-gaap:HealthcareSectorMember 2026-04-30 0001750821 epat:C000249248Member oef:CommunicationsSectorMember 2026-04-30 0001750821 epat:C000249248Member oef:ConsumerDiscretionarySectorMember 2026-04-30 0001750821 epat:C000249248Member oef:MaterialsSectorMember 2026-04-30 0001750821 epat:C000249248Member oef:ConsumerStaplesSectorMember 2026-04-30 0001750821 epat:C000249248Member epat:MoneyMarketFundsSectorMember 2026-04-30 iso4217:USD pure epat:Holding N-CSRS false EXCHANGE PLACE ADVISORS TRUST 0001750821 N-1A 2026-04-30 Fort Pitt Capital Total Return Fund Fort Pitt Capital Total Return Fund FPCGX <p style="font-size:9pt;font-weight:bold;text-align:justify;margin:9pt 0 12pt;line-height:1.25">This Semi-Annual Shareholder Report contains important information about Fort Pitt Capital Total Return Fund for the period of November 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://www.fortpittcapitalfunds.com/. You can also request this information by contacting us at 1-866-688-8775. This report describes material fund changes to the Fund that occurred during the period in the MATERIAL FUND CHANGES section of this report.</p> Semi-Annual Shareholder Report <div style="border:2.25pt solid #000;box-sizing:border-box;height:43pt;text-align:center;padding-top:4pt"><div style="font-size:11pt;font-weight:bold;white-space:nowrap">What were the Fund’s costs for the last six months?</div><div style="font-size:7pt;font-weight:bold">(based on a hypothetical $10,000 investment)</div></div><table style="width:100%;border-collapse:collapse;table-layout:fixed;margin-top:13pt"><tr style="font-size:10pt;font-weight:bold;vertical-align:bottom"><td style="width:18.4%;padding:2pt 3pt">Fund Name</td><td style="width:32.3%;padding:2pt 3pt">Costs of a $10,000 investment</td><td style="width:49.3%;padding:2pt 3pt">Costs paid as a percentage of a $10,000 investment</td></tr><tr style="border-top:2.25pt solid #000;background:#dddddd;vertical-align:top"><td style="padding:3pt;font-size:8pt">Fort Pitt Capital Total Return Fund</td><td style="padding:3pt;font-size:7pt">$52</td><td style="padding:3pt;font-size:7pt">1.00%</td></tr></table> 52 0.0100 63271455 28 152220 0.11 <div style="font-size:9pt;font-weight:bold;background:#26408b;color:#fff;padding:3pt 5pt">Sector Weighting (% of net assets)</div><table style="width:100%;border-collapse:collapse;margin-top:4pt"><tr style="font-size:7.5pt"><td style="width:160pt;text-align:right;padding:1.5pt 4pt 1.5pt 0">Technology</td><td style="padding:1.5pt 0"><span style="display:inline-block;height:7pt;width:68.0%;background:#26408b;vertical-align:middle"></span><span style="margin-left:4pt">34.2%</span></td></tr><tr style="font-size:7.5pt"><td style="width:160pt;text-align:right;padding:1.5pt 4pt 1.5pt 0">Financials</td><td style="padding:1.5pt 0"><span style="display:inline-block;height:7pt;width:41.0%;background:#26408b;vertical-align:middle"></span><span style="margin-left:4pt">20.6%</span></td></tr><tr style="font-size:7.5pt"><td style="width:160pt;text-align:right;padding:1.5pt 4pt 1.5pt 0">Industrials</td><td style="padding:1.5pt 0"><span style="display:inline-block;height:7pt;width:38.0%;background:#26408b;vertical-align:middle"></span><span style="margin-left:4pt">19.1%</span></td></tr><tr style="font-size:7.5pt"><td style="width:160pt;text-align:right;padding:1.5pt 4pt 1.5pt 0">Health Care</td><td style="padding:1.5pt 0"><span style="display:inline-block;height:7pt;width:15.1%;background:#26408b;vertical-align:middle"></span><span style="margin-left:4pt">7.6%</span></td></tr><tr style="font-size:7.5pt"><td style="width:160pt;text-align:right;padding:1.5pt 4pt 1.5pt 0">Communications</td><td style="padding:1.5pt 0"><span style="display:inline-block;height:7pt;width:14.5%;background:#26408b;vertical-align:middle"></span><span style="margin-left:4pt">7.3%</span></td></tr><tr style="font-size:7.5pt"><td style="width:160pt;text-align:right;padding:1.5pt 4pt 1.5pt 0">Consumer Discretionary</td><td style="padding:1.5pt 0"><span style="display:inline-block;height:7pt;width:12.5%;background:#26408b;vertical-align:middle"></span><span style="margin-left:4pt">6.3%</span></td></tr><tr style="font-size:7.5pt"><td style="width:160pt;text-align:right;padding:1.5pt 4pt 1.5pt 0">Materials</td><td style="padding:1.5pt 0"><span style="display:inline-block;height:7pt;width:4.8%;background:#26408b;vertical-align:middle"></span><span style="margin-left:4pt">2.4%</span></td></tr><tr style="font-size:7.5pt"><td style="width:160pt;text-align:right;padding:1.5pt 4pt 1.5pt 0">Consumer Staples</td><td style="padding:1.5pt 0"><span style="display:inline-block;height:7pt;width:4.0%;background:#26408b;vertical-align:middle"></span><span style="margin-left:4pt">2.0%</span></td></tr><tr style="font-size:7.5pt"><td style="width:160pt;text-align:right;padding:1.5pt 4pt 1.5pt 0">Money Market Funds</td><td style="padding:1.5pt 0"><span style="display:inline-block;height:7pt;width:1.0%;background:#26408b;vertical-align:middle"></span><span style="margin-left:4pt">0.5%</span></td></tr><tr style="font-size:7.5pt"><td style="width:160pt;text-align:right;padding:1.5pt 4pt 1.5pt 0">Other Assets in Excess of Liabilities</td><td style="padding:1.5pt 0"><span style="display:inline-block;height:7pt;width:0.6%;background:#26408b;vertical-align:middle"></span><span style="margin-left:4pt">0.1%</span></td></tr></table> 0.342 0.206 0.191 0.076 0.073 0.063 0.024 0.020 0.005 <div style="font-size:9pt;font-weight:bold;background:#26408b;color:#fff;padding:3pt 5pt">Top 10 Holdings (% of net assets)</div><table style="width:100%;border-collapse:collapse;margin-top:4pt"><tr style="font-size:8pt;font-weight:bold"><td style="padding:2pt 4pt">Holding Name</td><td style="padding:2pt 4pt;text-align:right">% of Net Assets</td></tr><tr style="font-size:8pt;"><td style="padding:2pt 4pt">Advanced Micro Devices, Inc.</td><td style="padding:2pt 4pt;text-align:right">9.0%</td></tr><tr style="font-size:8pt;background:#dddddd;"><td style="padding:2pt 4pt">Alphabet, Inc., Class A</td><td style="padding:2pt 4pt;text-align:right">7.3%</td></tr><tr style="font-size:8pt;"><td style="padding:2pt 4pt">Lam Research Corp.</td><td style="padding:2pt 4pt;text-align:right">7.0%</td></tr><tr style="font-size:8pt;background:#dddddd;"><td style="padding:2pt 4pt">Broadcom, Inc.</td><td style="padding:2pt 4pt;text-align:right">6.9%</td></tr><tr style="font-size:8pt;"><td style="padding:2pt 4pt">Keysight Technologies, Inc.</td><td style="padding:2pt 4pt;text-align:right">6.1%</td></tr><tr style="font-size:8pt;background:#dddddd;"><td style="padding:2pt 4pt">Parker-Hannifin Corp.</td><td style="padding:2pt 4pt;text-align:right">5.8%</td></tr><tr style="font-size:8pt;"><td style="padding:2pt 4pt">Microsoft Corp.</td><td style="padding:2pt 4pt;text-align:right">5.7%</td></tr><tr style="font-size:8pt;background:#dddddd;"><td style="padding:2pt 4pt">Apollo Asset Management, Inc., Class A</td><td style="padding:2pt 4pt;text-align:right">4.6%</td></tr><tr style="font-size:8pt;"><td style="padding:2pt 4pt">Arthur J. Gallagher &amp; Co.</td><td style="padding:2pt 4pt;text-align:right">3.6%</td></tr><tr style="font-size:8pt;background:#dddddd;"><td style="padding:2pt 4pt">PNC Financial Services Group, Inc. (The)</td><td style="padding:2pt 4pt;text-align:right">3.6%</td></tr></table> <div style="margin-top:6pt"><p style="font-size:9pt;text-align:justify;line-height:1.5;margin:0 0 9pt">This is a summary of certain changes to the Fund since November 1, 2025. For more complete information, you may review the Fund’s prospectus, which is available upon request at 1-866-688-8775 or on the Fund’s website at https://www.fortpittcapitalfunds.com.</p><p style="font-size:9pt;text-align:justify;line-height:1.5;margin:0 0 9pt">Beginning on January 1, 2026 (the “Closing Date”), following an internal restructuring (the “Transaction”), Focus Partners Wealth, LLC (“Focus Wealth” or the “Advisor”) began serving as the Fund’s investment adviser. Prior to January 1, 2026, Kovitz Investment Group Partners, LLC (“Kovitz”) served as the Fund’s investment adviser. Focus Financial Partners, Inc. is the ultimate parent company of Focus Wealth and Kovitz. Focus Wealth was under common control with Kovitz and the portfolio manager of the Fund did not change. The Fund’s investment objective, policies, risks, principal or non-principal strategies, fundamental or non-fundamental investment restrictions also did not change as a result of the Transaction. As a result of the Transaction, the investment advisory agreement between Exchange Place Advisors Trust (the “Trust”) and Kovitz with respect to the Fund was terminated as of the Closing Date.</p><p style="font-size:9pt;text-align:justify;line-height:1.5;margin:0 0 9pt">At a meeting held on December 9-10, 2025, the Board of Trustees of the Trust (the “Board”) approved the Agreement and Plan of Reorganization (the “Plan”) for the reorganization of the Fund, which operated as an open-end mutual fund, into Kovitz Core Equity ETF (the “Acquiring Fund”), a series of Valued Advisers Trust, which is also advised by Focus Wealth and that operates as an exchange-traded fund (the “Reorganization”). At a special Shareholder Meeting held on April 14, 2026, Fund shareholders of record as of the close of business on December 10, 2025, voted to approve the Plan. Pursuant to the Plan, the Fund transferred substantially all of its assets and all of its liabilities to the Acquiring Fund in exchange for newly issued common shares of the Acquiring Fund. The Reorganization was completed as of close of business on May 15, 2026.</p></div> https://www.fortpittcapitalfunds.com/ 1-866-688-8775