North

Square

Spectrum

Alpha

Fund

Schedule

of

Investments

August

31,

2023

-

(Unaudited)

Shares

Fair

Value

EXCHANGE-TRADED

FUNDS

—

2.2%

9,700‌

iShares®

Russell

2000

ETF

$

1,829,517‌

TOTAL

EXCHANGE-TRADED

FUNDS

(Cost $1,754,787)

1,829,517‌

Shares

Fair

Value

MUTUAL

FUNDS

—

94.8%

707,808‌

North

Square

Advisory

Research

Small

Cap

Growth

Fund,

Class

I

(a)

7,969,913‌

1,375,846‌

North

Square

Advisory

Research

Small

Value

Fund,

Class

I

(a)

14,033,633‌

4,415,121‌

North

Square

Dynamic

Small

Cap

Fund,

Class

I

(a)(b)

55,100,708‌

TOTAL

MUTUAL

FUNDS

(Cost $83,516,313)

77,104,254‌

Shares

Fair

Value

SHORT-TERM

INVESTMENTS

—

4.4%

3,558,739‌

First

American

Treasury

Obligations

Fund,

Class

X,

5.26%

(Cost

$3,558,739)

(c)

3,558,739‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $3,558,739)

3,558,739‌

TOTAL

INVESTMENTS

-

101.4%

(Cost

$88,829,839)

$

82,492,510‌

Liabilities

in

Excess

of

Other

Assets-

(1.4)%

(1,124,799‌)

NET

ASSETS

-

100.0%

$

81,367,711‌

(a)

Affiliated

Company.

(b)

Represents

an

investment

greater

than

25%

of

the

Fund’s

net

assets.

Performance

of

the

Fund

may

be

adversely

impacted

by

concentrated

investments

in

securities.

As

of

August

31,

2023,

the

percentage

of

net

assets

invested

in

North

Square

Dynamic

Small

Cap

Fund,

Class

I

were

67.7%

of

the

Fund.

(c)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

August

31,

2023.

ETF

-

Exchange-Traded

Fund

North

Square

Dynamic

Small

Cap

Fund

Schedule

of

Investments

August

31,

2023

-

(Unaudited)

Shares

Fair

Value

COMMON

STOCKS

—

98.9%

COMMUNICATIONS

-

3.9%

CABLE

&

SATELLITE

-

0.2%

26,620

WideOpenWest,

Inc.

(a)

$

215,622‌

COMMERCIAL

SUPPORT

SERVICES

-

0.5%

9,370

Cimpress

PLC

(a)

605,396‌

ENTERTAINMENT

CONTENT

-

0.9%

37,660

AMC

Networks,

Inc.,

Class

A

(a)

438,362‌

30,150

Sciplay

Corp.

(a)

684,405‌

1,122,767‌

INTERNET

MEDIA

&

SERVICES

-

1.4%

88,870

Upwork,

Inc.

(a)

1,316,165‌

8,390

Yelp,

Inc.

(a)

359,512‌

1,675,677‌

TELECOMMUNICATIONS

-

0.9%

2,410

Cogent

Communications

Holdings,

Inc.

170,098‌

52,310

GOGO,

Inc.

(a)

593,718‌

9,050

IDT

Corp.,

Class

B

(a)

211,589‌

9,200

Ooma,

Inc.

(a)

129,628‌

1,105,033‌

TOTAL

COMMUNICATIONS

4,724,495‌

CONSUMER

DISCRETIONARY

-

14.1%

AUTOMOTIVE

-

3.3%

141,500

Garret

Motion,

Inc.

(a)

1,098,040‌

34,690

Harley-Davidson,

Inc.

1,170,788‌

32,160

Modine

Manufacturing

Co.

(a)

1,530,494‌

5,760

Sleep

Number

Corp.,

Class

A

(a)

147,341‌

3,946,663‌

CONSUMER

SERVICES

-

0.8%

89,390

Chegg,

Inc.

(a)

912,672‌

E-COMMERCE

DISCRETIONARY

-

0.5%

71,730

Rover

Group,

Inc.

(a)

485,612‌

19,220

Solo

Brands,

Inc.,

Class

A

(a)

107,440‌

593,052‌

ENTERTAINMENT

CONTENT

-

0.1%

7,970

Inspired

Entertainment,

Inc.

(a)

105,045‌

HOME

&

OFFICE

PRODUCTS

-

0.1%

9,080

Arhaus

Inc

(a)

89,892‌

HOME

CONSTRUCTION

-

4.8%

30,930

Green

Brick

Partners,

Inc.

(a)

1,529,798‌

North

Square

Dynamic

Small

Cap

Fund

Schedule

of

Investments

(continued)

August

31,

2023

-

(Unaudited)

Shares

Fair

Value

COMMON

STOCKS

—

98.9%

(Continued)

HOME

CONSTRUCTION

-

4.8%

(Continued)

15,640

Interface,

Inc.

$

161,561‌

7,800

Landesa

Home

Corp.

(a)

75,582‌

17,600

M/I

Homes,

Inc.

(a)

1,727,967‌

5,410

Meritage

Homes

Corp.

752,206‌

20,880

Taylor

Morrison

Home

Corp.

(a)

989,712‌

17,490

TRI

Pointe

Homes,

Inc.

(a)

543,939‌

5,780,765‌

LEISURE

FACILITIES

&

SERVICES

-

2.5%

21,980

St.

Joe

Co.

(The)

1,357,045‌

29,240

Travel

+

Leisure

Co.

1,175,448‌

22,880

Xponential

Fitness,

Inc.,

Class

A

(a)

495,581‌

3,028,074‌

RETAIL

-

DISCRETIONARY

-

2.0%

32,800

Aaron's

Co.,

Inc.

(The)

(a)

395,896‌

99,650

Aspen

Aerogels,

Inc.

(a)

606,869‌

7,240

Genesco,

Inc.

(a)

248,187‌

830

Group

1

Automotive,

Inc.

219,469‌

22,770

Rush

Enterprises,

Inc.,

Class

A

942,905‌

2,413,326‌

TOTAL

CONSUMER

DISCRETIONARY

16,869,489‌

CONSUMER

STAPLES

-

6.9%

BEVERAGES

-

1.5%

4,410

National

Beverage

Corp.

(a)

226,277‌

55,230

Vita

Coco

Co.,

Inc.

(The)

(a)

1,562,457‌

1,788,734‌

FOOD

-

0.8%

5,790

Cal-Maine

Foods,

Inc.

276,704‌

590

John

B.

Sanfilippo

&

Son,

Inc.

59,207‌

50,610

Vital

Farms,

Inc.

(a)

596,185‌

932,096‌

HOUSEHOLD

PRODUCTS

-

3.3%

17,633

e.l.f.

Beauty,

Inc.

(a)

2,445,874‌

11,080

Inter

Parfums,

Inc.

1,548,209‌

3,994,083‌

RETAIL

-

CONSUMER

STAPLES

-

0.5%

7,230

PriceSmart,

Inc.

574,640‌

TOBACCO

&

CANNABIS

-

0.2%

9,750

Turning

Point

Brands,

Inc.

240,045‌

North

Square

Dynamic

Small

Cap

Fund

Schedule

of

Investments

(continued)

August

31,

2023

-

(Unaudited)

Shares

Fair

Value

COMMON

STOCKS

—

98.9%

(Continued)

WHOLESALE

-

CONSUMER

STAPLES

-

0.6%

36,740

United

Natural

Foods,

Inc.

(a)

$

739,576‌

TOTAL

CONSUMER

STAPLES

8,269,174‌

ENERGY

-

8.0%

OIL

&

GAS

PRODUCERS

-

3.9%

106,340

Equitrans

Midstream

Corp.

1,020,864‌

55,510

Evolution

Petroleum

Corp.

469,615‌

14,090

PBF

Energy,

Inc.,

Class

A

660,680‌

32,850

SM

Energy

Co.

1,389,884‌

40,810

Viper

Energy

Partners

LP

1,135,334‌

4,676,377‌

OIL

&

GAS

SERVICES

&

EQUIP

-

0.4%

34,954

MRC

Global,

Inc.

(a)

325,771‌

28,850

TETRA

Technologies,

Inc.

(a)

158,387‌

484,158‌

OIL

&

GAS

SERVICES

&

EQUIPMENT

-

1.5%

97,700

Liberty

Energy,

Inc.,

Class

A

1,558,315‌

31,530

Newpark

Resources,

Inc.

(a)

188,549‌

1,746,864‌

TRANSPORTATION

&

LOGISTICS

-

1.5%

20,010

DHT

Holdings,

Inc.

185,093‌

9,960

International

Seaways,

Inc.

(a)

427,981‌

7,870

Scorpio

Tankers,

Inc.

397,514‌

17,240

Teekay

Corp.

(a)

110,508‌

16,240

Teekay

Tankers

Ltd.,

Class

A

660,643‌

1,781,739‌

UTILITIES

-

0.7%

28,880

New

Fortress

Energy,

Inc.,

Class

A

896,435‌

TOTAL

ENERGY

9,585,573‌

FINANCIALS

-

9.8%

ASSET

MANAGEMENT

-

0.3%

9,580

Federated

Hermes,

Inc.,

Class

B

333,001‌

BANKING

-

4.6%

9,860

Amalgamated

Bank

176,691‌

31,524

Bancorp,

Inc.

(The)

(a)

1,157,247‌

27,990

Bank

of

N.T.

Butterfield

&

Son

Ltd.

(The)

815,069‌

9,250

BankUnited,

Inc.

242,813‌

4,990

Central

Pacific

Financial

Corp.

84,680‌

29,695

Customers

Bancorp,

Inc.

(a)

1,043,482‌

24,840

First

BanCorp.

344,282‌

North

Square

Dynamic

Small

Cap

Fund

Schedule

of

Investments

(continued)

August

31,

2023

-

(Unaudited)

Shares

Fair

Value

COMMON

STOCKS

—

98.9%

(Continued)

BANKING

-

4.6%

(Continued)

73,770

First

Foundation,

Inc.

(a)

$

579,832‌

18,058

Hanmi

Financial

Corp.

312,765‌

22,250

Heritage

Commerce

Corp.

192,908‌

3,030

Live

Oak

Bancshares,

Inc.

97,990‌

2,250

Unity

Bancorp,

Inc.

(a)

54,371‌

24,290

Veritex

Holdings,

Inc.

456,895‌

5,559,025‌

COMMERCIAL

SUPPORT

SERVICES

-

1.1%

5,857

CorVel

Corp.

(a)

1,267,748‌

INSTITUTIONAL

FINANCIAL

SERVICES

-

0.4%

97,010

BGC

Group,

Inc.

(a)

479,229‌

INSURANCE

-

2.8%

23,370

Brighthouse

Financial,

Inc.

(a)

1,160,553‌

3,650

Goosehead

Insurance,

Inc.,

Class

A

(a)

254,989‌

18,280

James

River

Group

Holdings,

Ltd.

266,157‌

37,960

Lincoln

National

Corp.

974,054‌

10,050

NMI

Holdings,

Inc.,

Class

A

(a)

287,631‌

4,300

Palomar

Holdings,

Inc.

(a)

219,343‌

20,810

SiriusPoint

Ltd.

(a)

230,159‌

3,392,886‌

SPECIALTY

FINANCE

-

0.6%

25,252

Enact

Holdings,

Inc.

723,722‌

TOTAL

FINANCIALS

11,755,611‌

HEALTH

CARE

-

14.9%

BIOTECH

&

PHARMA

-

8.6%

31,440

89Bio,

Inc.

(a)

538,882‌

16,710

ACADIA

Pharmaceuticals,

Inc.

(a)

451,504‌

47,160

Alkermes

PLC

(a)

1,376,599‌

53,670

Allakos,

Inc.

(a)

154,570‌

117,450

Amneal

Pharmaceuticals,

Inc.

(a)

480,371‌

21,630

Arvinas,

Inc.

(a)

610,182‌

7,360

Corcept

Therapeutics,

Inc.

(a)

240,893‌

37,830

Dyne

Therapeutics,

Inc.

(a)

431,262‌

20,960

ImmunoGen,

Inc.

(a)

332,006‌

4,960

Intra-Cellular

Therapies,

Inc.

(a)

275,379‌

48,740

Iovance

Biotherapeutics,

Inc.

(a)

294,390‌

61,190

Kura

Oncology,

Inc.

(a)

607,617‌

9,620

Kymera

Therapeutics,

Inc.

(a)

183,550‌

12,950

Merus

NV

(a)

289,692‌

9,380

Mirati

Therapeutics,

Inc.

(a)

348,936‌

22,310

Ocular

Therapeutix,

Inc.

(a)

84,332‌

North

Square

Dynamic

Small

Cap

Fund

Schedule

of

Investments

(continued)

August

31,

2023

-

(Unaudited)

Shares

Fair

Value

COMMON

STOCKS

—

98.9%

(Continued)

BIOTECH

&

PHARMA

-

8.6%

(Continued)

18,240

Olema

Pharmaceuticals,

Inc.

(a)

$

185,136‌

24,541

PetIQ,

Inc.,

Class

A

(a)

468,242‌

4,030

RAPT

Therapeutics,

Inc.

(a)

76,973‌

9,120

Replimune

Group,

Inc.

(a)

186,230‌

65,000

Syndax

Pharmaceuticals

(a)

1,203,149‌

87,550

uniQure

NV

(a)

762,560‌

16,920

Xenon

Pharmaceuticals,

Inc.

(a)

659,542‌

16,280

Y-mAbs

Therapeutics,

Inc.

(a)

82,540‌

10,324,537‌

HEALTH

CARE

FACILITIES

&

SERVICES

-

5.2%

9,370

AirSculpt

Technologies,

Inc.

(a)

71,962‌

48,890

GoodRx

Holdings,

Inc.,

Class

A

(a)

319,252‌

7,242

Medpace

Holdings,

Inc.

(a)

1,957,294‌

59,190

Owens

&

Minor,

Inc.

(a)

1,000,311‌

47,270

Patterson

Companies,

Inc.

1,419,991‌

14,940

Pennant

Group,

Inc.

(The)

(a)

178,981‌

35,550

Progyny,

Inc.

(a)

1,327,437‌

6,275,228‌

MEDICAL

EQUIPMENT

&

DEVICES

-

1.1%

14,760

Adaptive

Biotechnologies

Corp.

(a)

99,925‌

12,950

AxoGen,

Inc.

(a)

81,067‌

10,550

Lantheus

Holdings,

Inc.

(a)

722,042‌

20,310

Tactile

Systems

Technology,

Inc.

(a)

384,875‌

1,287,909‌

TOTAL

HEALTH

CARE

17,887,674‌

INDUSTRIALS

-

11.4%

AEROSPACE

&

DEFENSE

-

2.0%

23,040

AAR

Corp.

(a)

1,419,263‌

25,990

Mercury

Systems,

Inc.

(a)

1,020,108‌

2,439,371‌

COMMERCIAL

SUPPORT

SERVICES

-

1.8%

24,390

Brady

Corp.,

Class

A

1,230,231‌

55,550

Enviri

Corp.

(a)

413,848‌

4,500

TriNet

Group,

Inc.

(a)

499,185‌

2,143,264‌

ELECTRICAL

EQUIPMENT

-

0.2%

2,860

Itron,

Inc.

(a)

195,653‌

ENGINEERING

&

CONSTRUCTION

-

2.6%

9,590

Encore

Wire

Corp.

1,580,527‌

47,280

Frontdoor,

Inc.

(a)

1,551,730‌

3,132,257‌

North

Square

Dynamic

Small

Cap

Fund

Schedule

of

Investments

(continued)

August

31,

2023

-

(Unaudited)

Shares

Fair

Value

COMMON

STOCKS

—

98.9%

(Continued)

INDUSTRIAL

INTERMEDIATE

PRODUCTS

-

0.3%

35,010

Janus

International

Group,

Inc.,

Class

A

(a)

$

400,865‌

INDUSTRIAL

SUPPORT

SERVICES

-

1.5%

7,780

Applied

Industrial

Technologies,

Inc.

1,200,998‌

17,430

Titan

Machinery,

Inc.

(a)

540,679‌

1,741,677‌

MACHINERY

-

0.3%

23,930

CECO

Environmental

Corp.

(a)

329,755‌

5,650

Luxfer

Holdings

PLC

(a)

67,970‌

397,725‌

RETAIL

-

DISCRETIONARY

-

1.9%

8,095

BlueLinx

Holdings,

Inc.

(a)

722,560‌

21,990

GMS,

Inc.

(a)

1,524,786‌

2,247,346‌

TRANSPORTATION

&

LOGISTICS

-

0.8%

3,710

Air

Transport

Services

Group,

Inc.

(a)

79,988‌

6,430

Hub

Group,

Inc.,

Class

A

(a)

501,797‌

53,380

Safe

Bulkers,

Inc.

171,350‌

4,250

SkyWest,

Inc.

(a)

191,675‌

944,810‌

TOTAL

INDUSTRIALS

13,642,968‌

MATERIALS

-

5.5%

CHEMICALS

-

1.6%

6,640

Innospec,

Inc.

713,269‌

33,230

Orion

Engineered

Carbons

SA

751,663‌

2,230

WD-40

Co.

479,160‌

1,944,092‌

CONTAINERS

&

PACKAGING

-

0.1%

12,460

Pactiv

Evergreen,

Inc.

102,421‌

FORESTRY,

PAPER

&

WOOD

PRODUCTS

-

3.7%

17,520

Boise

Cascade

Co.

1,916,163‌

8,440

Louisiana-Pacific

Corp.

527,331‌

18,120

UFP

Industries,

Inc.

1,890,822‌

4,334,316‌

METALS

&

MINING

-

0.1%

67,730

Coeur

Mining,

Inc.

(a)

163,229‌

TOTAL

MATERIALS

6,544,058‌

REAL

ESTATE

-

5.3%

North

Square

Dynamic

Small

Cap

Fund

Schedule

of

Investments

(continued)

August

31,

2023

-

(Unaudited)

Shares

Fair

Value

COMMON

STOCKS

—

98.9%

(Continued)

HOME

CONSTRUCTION

-

1.0%

40,557

Forestar

Group,

Inc.

(a)

$

1,156,280‌

REAL

ESTATE

SERVICES

-

1.2%

78,900

Anywhere

Real

Estate,

Inc.

(a)

517,584‌

13,550

Assetmark

Financial

Holdings,

Inc.

(a)

391,460‌

157,000

Compass,

Inc.,

Class

A

(a)

565,200‌

1,474,244‌

REIT

-

3.1%

40,198

American

Assets

Trust,

Inc.

860,639‌

41,290

Brandywine

Realty

Trust

206,450‌

18,950

Chatham

Lodging

Trust

185,331‌

86,170

Hudson

Pacific

Properties,

Inc.

586,818‌

19,890

National

Storage

Affiliates

Trust

668,304‌

13,880

Ryman

Hospitality

Properties,

Inc.

1,180,216‌

3,687,758‌

TOTAL

REAL

ESTATE

6,318,282‌

TECHNOLOGY

-

18.0%

COMMERCIAL

SUPPORT

SERVICES

-

1.4%

20,260

ASGN,

Inc.

(a)

1,664,562‌

ELECTRICAL

EQUIPMENT

-

0.4%

7,080

Camtek

Ltd.

(a)

426,924‌

SEMICONDUCTORS

-

2.0%

67,040

ACM

Research,

Inc.,

Class

A

(a)

1,177,223‌

4,920

Alpha

&

Omega

SemiConductor

Ltd.

(a)

155,226‌

3,460

NVE

Corp.

306,037‌

8,180

Synaptics,

Inc.

(a)

716,077‌

2,354,563‌

SOFTWARE

-

7.8%

15,360

Agilysys,

Inc.

(a)

1,083,570‌

21,600

Alarm.com

Holdings,

Inc.

(a)

1,265,111‌

12,420

American

Software,

Inc.,

Class

A

143,203‌

5,420

Amplitude,

Inc.

(a)

63,306‌

11,210

Avid

Technology,

Inc.

(a)

298,859‌

10,180

Bandwidth,

Inc.,

Class

A

(a)

146,287‌

11,340

Clear

Secure

Inc

(a)

246,532‌

22,830

CommVault

Systems,

Inc.

(a)

1,559,516‌

8,510

Donnelley

Financial

Solutions,

Inc.

(a)

419,288‌

2,530

Duolingo,

Inc.

(a)

372,315‌

4,980

GitLab,

Inc.

(a)

235,903‌

6,817

IBEX

Ltd.

(a)

133,341‌

2,900

PDF

Solutions,

Inc.

(a)

105,386‌

North

Square

Dynamic

Small

Cap

Fund

Schedule

of

Investments

(continued)

August

31,

2023

-

(Unaudited)

Shares

Fair

Value

COMMON

STOCKS

—

98.9%

(Continued)

SOFTWARE

-

7.8%

(Continued)

18,130

Sapiens

International

Corp.

NV

$

541,906‌

68,230

Sprinklr

Inc,

Class

A

(a)

1,032,319‌

30,910

Teradata

Corp.

(a)

1,430,205‌

31,270

Weave

Communications,

Inc.

(a)

319,267‌

9,396,314‌

TECHNOLOGY

HARDWARE

-

5.4%

70,150

A10

Networks,

Inc.

1,044,534‌

42,360

Arlo

Technologies,

Inc.

(a)

413,857‌

28,730

Avnet,

Inc.

1,458,048‌

58,280

Extreme

Networks,

Inc.

(a)

1,599,785‌

4,085

Fabrinet

(a)

656,745‌

37,060

Goosehead

Insurance,

Inc.,

Class

A

(a)

212,724‌

8,360

Sanmina

Corp.

(a)

465,652‌

10,830

ScanSource,

Inc.

(a)

355,007‌

3,710

Vicor

Corp.

(a)

251,427‌

6,457,779‌

TECHNOLOGY

SERVICES

-

1.0%

36,850

ExlService

Holdings,

Inc.

(a)

1,077,126‌

13,960

Open

Lending

Corp.

(a)

115,170‌

1,192,296‌

TOTAL

TECHNOLOGY

21,492,438‌

UTILITIES

-

1.1%

ELECTRIC

UTILITIES

-

1.1%

55,400

Clearway

Energy,

Inc.,

Class

C

1,372,258‌

TOTAL

UTILITIES

1,372,258‌

TOTAL

COMMON

STOCKS

(Cost $107,608,702)

118,462,020‌

Shares

Fair

Value

EXCHANGE-TRADED

FUNDS

—

0.0%

(b)

7‌

iShares®

Russell

2000

ETF

1,320‌

TOTAL

EXCHANGE-TRADED

FUNDS

(Cost $1,300)

1,320‌

Shares

Fair

Value

RIGHTS

—

0.0%

(b)

BIOTECH

&

PHARMA

-

0.0%

(b)

29,400‌

Novartis

A.G.

CVR

–‌

TOTAL

RIGHTS

(Cost $–)

–‌

North

Square

Dynamic

Small

Cap

Fund

Schedule

of

Investments

(continued)

August

31,

2023

-

(Unaudited)

Shares

Fair

Value

SHORT-TERM

INVESTMENTS

—

0.7%

867,231‌

First

American

Treasury

Obligations

Fund,

Class

X,

5.26%

(Cost

$867,231)

(c)

$

867,231‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $867,231)

867,231‌

TOTAL

INVESTMENTS

-

99.6%

(Cost

$108,477,233)

$

119,330,571‌

Other

Assets

in

Excess

of

Liabilities-

0.4%

497,334‌

NET

ASSETS

-

100.0%

$

119,827,905‌

(a)

Non-income

producing

security.

(b)

Percentage

rounds

to

less

than

0.1%.

(c)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

August

31,

2023.

ETF

-

Exchange-Traded

Fund

LP

-

Limited

Partnership

LTD

-

Limited

Company

NV

-

Naamioze

Vennootschap

PLC

-

Public

Limited

Company

REIT

-

Real

Estate

Investment

Trust

North

Square

Advisory

Research

Small

Cap

Growth

Fund

Schedule

of

Investments

August

31,

2023

-

(Unaudited)

Shares

Fair

Value

COMMON

STOCKS

—

99.2%

COMMUNICATIONS

-

1.6%

INTERNET

MEDIA

&

SERVICES

-

1.6%

1,700

Integral

Ad

Science

Holding

Corp.

(a)

$

24,259‌

5,380

Opera

Ltd.

-

ADR

80,324‌

3,177

Upwork,

Inc.

(a)

47,051‌

151,634‌

TOTAL

COMMUNICATIONS

151,634‌

CONSUMER

DISCRETIONARY

-

17.4%

APPAREL

&

TEXTILE

PRODUCTS

-

1.8%

6,391

Ermenegildo

Zegna

NV

(a)

95,737‌

2,660

On

Holding

AG

(a)

76,688‌

172,425‌

AUTOMOTIVE

-

2.2%

4,353

Modine

Manufacturing

Co.

(a)

207,159‌

CONSUMER

SERVICES

-

1.7%

6,807

Coursera,

Inc.

(a)

118,374‌

4,821

Weight

Watchers

International,

Inc.

(a)

46,812‌

165,186‌

HOME

&

OFFICE

PRODUCTS

-

0.5%

4,758

Arhaus

Inc

(a)

47,104‌

HOME

CONSTRUCTION

-

1.5%

1,971

Green

Brick

Partners,

Inc.

(a)

97,486‌

1,036

Taylor

Morrison

Home

Corp.

(a)

49,106‌

146,592‌

LEISURE

FACILITIES

&

SERVICES

-

6.5%

8,659

Arcos

Dorados

Holdings,

Inc.,

Class

A

85,464‌

15,285

Genius

Sports

Ltd.

(a)

101,492‌

1,088

Kura

Sushi

USA,

Inc.,

Class

A

(a)

95,059‌

7,655

Life

Time

Group

Holdings,

Inc.

(a)

131,666‌

1,302

Portillos,

Inc.,

Class

A

(a)

23,879‌

12,737

Sweetgreen,

Inc.

(a)

182,904‌

620,464‌

RETAIL

-

DISCRETIONARY

-

3.2%

769

Academy

Sports

&

Outdoors,

Inc.

41,964‌

1,247

Beacon

Roofing

Supply,

Inc.

(a)

99,573‌

688

Boot

Barn

Holdings,

Inc.

(a)

63,124‌

1,912

Carvana

Co.

(a)

96,269‌

300,930‌

TOTAL

CONSUMER

DISCRETIONARY

1,659,860‌

CONSUMER

STAPLES

-

0.9%

North

Square

Advisory

Research

Small

Cap

Growth

Fund

Schedule

of

Investments

(continued)

August

31,

2023

-

(Unaudited)

Shares

Fair

Value

COMMON

STOCKS

—

99.2%

(Continued)

RETAIL

-

CONSUMER

STAPLES

-

0.9%

1,999

Sprouts

Farmers

Market,

Inc.

(a)

$

81,539‌

TOTAL

CONSUMER

STAPLES

81,539‌

ENERGY

-

5.3%

OIL

&

GAS

PRODUCERS

-

3.0%

6,817

Kosmos

Energy

Ltd.

(a)

49,628‌

2,171

Matador

Resources

Co.

137,858‌

2,284

Northern

Oil

and

Gas,

Inc.

95,540‌

283,026‌

OIL

&

GAS

SERVICES

&

EQUIPMENT

-

2.3%

2,052

Noble

Corp.

PLC,

Class

A

108,222‌

1,303

Weatherford

International

PLC

(a)

115,342‌

223,564‌

TOTAL

ENERGY

506,590‌

FINANCIALS

-

3.9%

ASSET

MANAGEMENT

-

3.9%

1,845

Avantax,

Inc.

(a)

38,597‌

3,635

Donnelley

Financial

Solutions,

Inc.

(a)

179,097‌

4,421

Victory

Capital

Holdings,

Inc.,

Class

A

152,171‌

369,865‌

TOTAL

FINANCIALS

369,865‌

HEALTH

CARE

-

20.3%

BIOTECH

&

PHARMA

-

7.3%

6,668

Avadel

Pharmaceuticals

Public

Limited

Co.

-

ADR

(a)

90,085‌

1,517

Immunocore

Holdings

PLC

-

ADR

(a)

85,362‌

863

Intra-Cellular

Therapies,

Inc.

(a)

47,914‌

3,366

Kiniksa

Pharmaceuticals

Ltd.

(a)

57,996‌

742

Krystal

Biotech,

Inc.

(a)

92,364‌

539

Prothena

Corp.

PLC

(a)

28,470‌

9,205

Roivant

Sciences

Ltd.

(a)

106,502‌

2,214

Vaxcyte,

Inc.

(a)

114,950‌

1,757

Xenon

Pharmaceuticals,

Inc.

(a)

68,488‌

692,131‌

HEALTH

CARE

FACILITIES

&

SERVICES

-

4.2%

1,390

HealthEquity,

Inc.

(a)

93,895‌

618

Medpace

Holdings,

Inc.

(a)

167,027‌

14,859

Oscar

Health,

Inc.,

Class

A

(a)

93,166‌

1,965

Privia

Health

Group,

Inc.

(a)

51,581‌

405,669‌

North

Square

Advisory

Research

Small

Cap

Growth

Fund

Schedule

of

Investments

(continued)

August

31,

2023

-

(Unaudited)

Shares

Fair

Value

COMMON

STOCKS

—

99.2%

(Continued)

MEDICAL

EQUIPMENT

&

DEVICES

-

8.8%

9,029

Alphatec

Holdings,

Inc.

(a)

$

147,624‌

493

Axonics,

Inc.

(a)

28,249‌

2,920

InMode

Ltd.

(a)

114,143‌

1,688

Natera,

Inc.

(a)

99,136‌

5,994

RxSight,

Inc.

(a)

173,886‌

4,190

TransMedics

Group,

Inc.

(a)

274,989‌

838,027‌

TOTAL

HEALTH

CARE

1,935,827‌

INDUSTRIALS

-

23.7%

COMMERCIAL

SUPPORT

SERVICES

-

3.0%

2,513

Huron

Consulting

Group,

Inc.

(a)

251,175‌

3,315

LegalZoom.com,

Inc.

(a)

37,824‌

288,999‌

CONSTRUCTION

MATERIALS

-

1.8%

4,414

Tecnoglass,

Inc.

172,014‌

CONTAINERS

&

PACKAGING

-

1.7%

8,115

O-I

Glass,

Inc.

(a)

161,164‌

ELECTRICAL

EQUIPMENT

-

5.6%

1,520

AAON,

Inc.

95,851‌

3,900

BWX

Technologies,

Inc.

287,664‌

2,458

Camtek

Ltd.

(a)

148,217‌

531,732‌

ENGINEERING

&

CONSTRUCTION

-

3.2%

1,338

Fluor

Corp.

(a)

46,817‌

969

IES

Holdings,

Inc.

(a)

72,656‌

1,300

MYR

Group,

Inc.

(a)

184,690‌

304,163‌

INDUSTRIAL

INTERMEDIATE

PRODUCTS

-

1.7%

398

Chart

Industries,

Inc.

(a)

71,871‌

1,218

Mueller

Industries,

Inc.

93,981‌

165,852‌

MACHINERY

-

4.3%

1,025

Albany

International

Corp.,

Class

A

95,038‌

967

Standex

International,

Inc.

148,560‌

3,964

Symbotic,

Inc.,

Class

A

(a)

165,656‌

409,254‌

STEEL

-

2.4%

5,077

Allegheny

Technologies,

Inc.

(a)

230,140‌

TOTAL

INDUSTRIALS

2,263,318‌

North

Square

Advisory

Research

Small

Cap

Growth

Fund

Schedule

of

Investments

(continued)

August

31,

2023

-

(Unaudited)

Shares

Fair

Value

COMMON

STOCKS

—

99.2%

(Continued)

MATERIALS

-

0.9%

CONSTRUCTION

MATERIALS

-

0.9%

535

Simpson

Manufacturing

Co.,

Inc.

$

85,472‌

TOTAL

MATERIALS

85,472‌

TECHNOLOGY

-

25.2%

SEMICONDUCTORS

-

5.6%

4,418

Aehr

Test

Systems

(a)

225,362‌

1,162

Axcelis

Technologies,

Inc.

(a)

223,278‌

3,236

Veeco

Instruments,

Inc.

(a)

94,459‌

543,099‌

SOFTWARE

-

16.3%

5,833

Alkami

Technology,

Inc.

(a)

101,611‌

4,538

C3.ai,

Inc.,

Class

A

(a)

140,769‌

18,531

Cellebrite

DI

Ltd

(a)

149,175‌

1,248

Docebo,

Inc.

(a)

54,700‌

818

Duolingo,

Inc.

(a)

120,377‌

2,031

Fastly,

Inc.,

Class

A

(a)

48,317‌

2,226

Freshworks,

Inc.

(a)

48,683‌

2,804

IonQ,

Inc.

(a)

48,201‌

963

Monday.com

Ltd.

(a)

170,875‌

1,171

PDF

Solutions,

Inc.

(a)

42,554‌

3,164

Perion

Network

Ltd.

(a)

105,013‌

11,021

Samsara,

Inc.,

Class

A

(a)

301,534‌

1,912

Vertex,

Inc.,

Class

A

(a)

42,810‌

1,688

Workiva,

Inc.,

Class

A

(a)

188,802‌

1,563,421‌

TECHNOLOGY

HARDWARE

-

3.0%

1,523

ESCO

Technologies,

Inc.

162,976‌

2,333

Harmonic,

Inc.

(a)

24,916‌

344

Super

Micro

Computer,

Inc.

(a)

94,628‌

282,520‌

TECHNOLOGY

SERVICES

-

0.3%

1,704

Paymentus

Holdings,

Inc.

(a)

25,662‌

TOTAL

TECHNOLOGY

2,414,702‌

TOTAL

COMMON

STOCKS

(Cost $7,881,671)

9,468,807‌

North

Square

Advisory

Research

Small

Cap

Growth

Fund

Schedule

of

Investments

(continued)

August

31,

2023

-

(Unaudited)

Shares

Fair

Value

SHORT-TERM

INVESTMENTS

—

0.1%

9,615‌

First

American

Treasury

Obligations

Fund,

Class

X,

5.20%

(Cost

$9,615)

(b)

$

9,615‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $9,615)

9,615‌

TOTAL

INVESTMENTS

-

99.3%

(Cost

$7,891,286)

$

9,478,422‌

Other

Assets

in

Excess

of

Liabilities-

0.7%

67,544‌

NET

ASSETS

-

100.0%

$

9,545,966‌

(a)

Non-income

producing

security.

(b)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

August

31,

2023.

ADR

-

American

Depositary

Receipt

LTD

-

Limited

Company

NV

-

Naamioze

Vennootschap

PLC

-

Public

Limited

Company

North

Square

Multi

Strategy

Fund

Schedule

of

Investments

August

31,

2023

-

(Unaudited)

Shares

Fair

Value

EXCHANGE-TRADED

FUNDS

—

32.1%

16,000‌

Invesco®

S&P

500®

GARP

ETF

$

1,510,880‌

10,060‌

iShares®

Core

S&P

500®

ETF

4,554,062‌

19,000‌

Vanguard®

Dividend

Appreciation

ETF

3,098,900‌

4,800‌

Vanguard®

Growth

ETF

1,388,544‌

19,185‌

Vanguard®

Value

ETF

2,753,239‌

TOTAL

EXCHANGE-TRADED

FUNDS

(Cost $12,980,937)

13,305,625‌

Shares

Fair

Value

MUTUAL

FUNDS

—

66.5%

128,057‌

North

Square

Advisory

Research

Small

Cap

Growth

Fund,

Class

I

(a)

1,441,922‌

215,696‌

North

Square

Advisory

Research

Small

Value

Fund,

Class

I

(a)

2,200,102‌

483,150‌

North

Square

Altrinsic

International

Equity

Fund,

Class

I

(a)

5,029,595‌

695,306‌

North

Square

Dynamic

Small

Cap

Fund,

Class

I

(a)

8,677,416‌

385,702‌

North

Square

McKee

Bond

Fund,

Class

I

(a)

3,336,320‌

350,829‌

North

Square

Preferred

And

Income

Securities

Fund,

Class

I

(a)

6,535,938‌

43,228‌

North

Square

Strategic

Income

Fund,

Class

I

(a)

374,783‌

TOTAL

MUTUAL

FUNDS

(Cost $25,921,195)

27,596,076‌

Shares

Fair

Value

SHORT-TERM

INVESTMENTS

—

2.4%

991,343‌

First

American

Treasury

Obligations

Fund,

Class

X,

5.26%

(Cost

$991,343)

(b)

991,343‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $991,343)

991,343‌

TOTAL

INVESTMENTS

-

101.0%

(Cost

$39,893,475)

$

41,893,044‌

Liabilities

in

Excess

of

Other

Assets-

(1.0)%

(431,983‌)

NET

ASSETS

-

100.0%

$

41,461,061‌

(a)

Affiliated

Company.

(b)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

August

31,

2023.

ETF

-

Exchange-Traded

Fund

North

Square

Preferred

and

Income

Securities

Fund

Schedule

of

Investments

August

31,

2023

-

(Unaudited)

Principal

Amount

($)

Fair

Value

CORPORATE

BONDS

—

98.1%

ASSET

MANAGEMENT

—

4.2%

2,500,000

UBS

Group

AG,

4.375%,

Perpetual

$

1,851,250‌

1,000,000

UBS

Group

AG,

6.875%,

Perpetual

940,787‌

2,792,037‌

AUTOMOTIVE

—

1.9%

1,557,000

General

Motors

Financial

Co.,

Inc.,

5.750%,

Perpetual

1,280,633‌

BANKING

—

65.1%

2,000,000

Banco

Santander

SA,

4.750%,

Perpetual

1,532,194‌

1,000,000

Barclays

PLC,

6.125%,

Perpetual

888,693‌

3,000,000

BNP

Paribas

SA,

4.625%,

Perpetual

2,490,000‌

3,750,000

Citigroup,

Inc.,

3.875%,

Perpetual

3,290,775‌

1,553,000

Citizens

Financial

Group,

Inc.,

4.000%,

Perpetual

1,178,603‌

822,000

Citizens

Financial

Group,

Inc.,

8.533%,

Perpetual

735,673‌

2,047,000

Comerica,

Inc.,

5.625%,

Perpetual

1,885,738‌

1,500,000

Credit

Agricole

SA,

6.875%,

Perpetual

1,478,325‌

2,000,000

Fifth

Third

Bancorp,

8.571%,

12/31/49

1,918,320‌

2,000,000

HSBC

Holdings

PLC,

4.700%,

Perpetual

1,554,035‌

1,000,000

Huntington

Bancshares,

Inc.,

4.045%,

03/15/68

850,560‌

1,606,000

Huntington

Bancshares,

Inc.,

8.450%,

Perpetual

1,459,625‌

3,000,000

ING

Groep

NV,

3.875%,

Perpetual

2,235,450‌

2,413,000

JPMorgan

Chase

&

Co., Series

HH,

4.600%,

(United

States

SOFR

+

3.125%),

Perpetual

(a)

2,269,909‌

3,837,000

KeyCorp,

5.000%,

(ICE

LIBOR

USD

3

Month

+

3.606%),

Perpetual

2,984,802‌

2,000,000

Lloyds

Banking

Group

PLC,

8.000%,

Perpetual

1,815,467‌

3,537,000

M&T

Bank

Corp.,

3.500%,

Perpetual

2,523,191‌

117,000

M&T

Bank

Corp.,

5.000%,

Perpetual

100,388‌

254,000

M&T

Bank

Corp., Series

F,

5.125%,

Perpetual

211,184‌

2,500,000

NatWest

Group

PLC,

4.600%,

Perpetual

1,708,195‌

11,000

PNC

Finacial

Services,

5.000%,

Perpetual

9,654‌

1,200,000

Societe

Generale

SA,

4.750%,

Perpetual

980,508‌

2,500,000

Standard

Chartered

PLC,

4.300%,

Perpetual

1,845,204‌

1,800,000

Svenska

Handelsbanken

AB,

4.750%,

Perpetual

1,404,000‌

2,873,000

Truist

Financial

Corp., Series

N,

4.800%,

Perpetual

2,551,224‌

750,000

US

Bancorp,

5.300%,

Perpetual

639,760‌

3,000,000

Wells

Fargo

&

Co., Series

BB,

3.900%,

(Yield

of

U.S.

Treasury

Note

with

a

Constant

Maturity

of

5

Years

+

3.453%),

Perpetual

(a)

2,661,375‌

43,202,852‌

ELECTRIC

UTILITIES

—

6.8%

2,000,000

American

Electric

Power

Co.,

Inc.,

3.875%,

Perpetual

1,622,509‌

1,491,000

Duke

Energy

Corp.,

3.250%,

01/15/82

1,105,581‌

1,858,000

Emera

,

Inc.,

6.700%,

06/15/76

1,790,648‌

4,518,738‌

North

Square

Preferred

and

Income

Securities

Fund

Schedule

of

Investments

(continued)

August

31,

2023

-

(Unaudited)

Principal

Amount

($)

Fair

Value

INSTITUTIONAL

FINANCIAL

SERVICES

—

3.0%

1,784,000

Goldman

Sachs

Group,

Inc.

(The),

3.650%,

Perpetual

$

1,461,988‌

505,000

Goldman

Sachs

Group,

Inc.

(The),

7.500%,

Perpetual

508,788‌

1,970,776‌

INSURANCE

—

2.1%

400,000

Allianz

SE,

6.350%,

09/06/53

(b)

401,560‌

1,000,000

Corebridge

Financial,

Inc.,

6.875%,

Perpetual

(b)

973,834‌

1,375,394‌

OIL

&

GAS

PRODUCERS

—

5.8%

700,000

Energy

Transfer

LP, Series

G,

7.125%,

Perpetual

621,166‌

1,500,000

Energy

Transfer

LP,

9.654%,

Perpetual

(a)

1,381,875‌

2,000,000

Plains

All

American

Pipeline

LP,

Series

B,

9.736%,

Perpetual

(a)

1,844,990‌

3,848,031‌

SPECIALTY

FINANCE

—

9.2%

4,000,000

Ally

Financial,

Inc.,

Series

B,

4.700%,

Perpetual

2,822,314‌

3,050,000

Capital

One

Financial

Corp.,

3.950%,

Perpetual

2,348,500‌

1,242,000

Discover

Financial

Services,

Series

C,

5.500%,

Perpetual

929,202‌

6,100,016‌

TOTAL

CORPORATE

BONDS

(Cost $63,892,927)

65,088,477‌

Shares

Fair

Value

SHORT-TERM

INVESTMENTS

—

1.3%

863,673‌

First

American

Treasury

Obligations

Fund,

Class

X,

5.26%

(Cost

$863,673)

(c)

863,673‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $863,673)

863,673‌

TOTAL

INVESTMENTS

-

99.4%

(Cost

$64,756,600)

$

65,952,150‌

Other

Assets

in

Excess

of

Liabilities-

0.6%

383,504‌

NET

ASSETS

-

100.0%

$

66,335,654‌

(a)

Variable

rate

security;

the

rate

shown

represents

the

rate

on

August

31,

2023.

(b)

Security

exempt

from

registration

under

Rule

144A

or

Section

4(2)

of

the

Securities

Act

of

1933.

The

security

may

be

resold

in

transactions

exempt

from

registration,

normally

to

qualified

institutional

buyers.  As

of

August

31,

2023

the

total

market

value

of

144A

securities

is

1,375,394

or

2.1%

of

net

assets.

(c)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

August

31,

2023.

LP

-

Limited

Partnership

NV

-

Naamioze

Vennootschap

PLC

-

Public

Limited

Company

North

Square

Tactical

Growth

Fund

Schedule

of

Investments

August

31,

2023

-

(Unaudited)

Shares

Fair

Value

EXCHANGE-TRADED

FUNDS

—

97.0%

168,575‌

Invesco

QQQ

Trust,

Series

1

$

63,719,664‌

460,100‌

iShares

®

J.P.

Morgan

USD

Emerging

Markets

Bond

ETF

39,439,772‌

383,000‌

iShares

®

MSCI

Japan

ETF

23,608,120‌

398,000‌

iShares

®

MSCI

Mexico

Capped

ETF

24,540,680‌

215,300‌

iShares

®

U.S.

Aerospace

&

Defense

ETF

25,011,401‌

129,440‌

SPDR®

S&P

500®

ETF

Trust

58,293,304‌

792,400‌

Vanguard®

FTSE

Europe

ETF

48,273,008‌

281,887‌

Vanguard®

Growth

ETF

81,544,271‌

481,500‌

Vanguard®

Total

International

Bond

ETF

23,477,940‌

666,298‌

Vanguard®

Value

ETF

95,620,426‌

TOTAL

EXCHANGE-TRADED

FUNDS

(Cost $358,680,122)

483,528,586‌

Shares

Fair

Value

SHORT-TERM

INVESTMENTS

—

3.2%

15,745,419‌

First

American

Treasury

Obligations

Fund,

Class

X,

5.26%

(Cost

$15,745,419)

(a)

15,745,419‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $15,745,419)

15,745,419‌

TOTAL

INVESTMENTS

-

100.2%

(Cost

$374,425,541)

$

499,274,005‌

Liabilities

in

Excess

of

Other

Assets-

(0.2)%

(863,578‌)

NET

ASSETS

-

100.0%

$

498,410,427‌

(a)

Rate

disclose

d

is

the

seven

day

effective

yield

as

of

August

31,

2023.

ETF

-

Exchange-Traded

Fund

MSCI

-

Morgan

Stanley

Capital

International

SPDR

-

Standard

&

Poor's

Depositary

Receipt

North

Square

Tactical

Defensive

Fund

Schedule

of

Investments

August

31,

2023

-

(Unaudited)

Shares

Fair

Value

EXCHANGE-TRADED

FUNDS

—

50.7%

144,000‌

SPDR®

Portfolio

Developed

World

EX-US

ETF

$

4,642,560‌

45,100‌

SPDR®

Portfolio

Emerging

Markets

ETF

1,547,832‌

177,700‌

SPDR®

Portfolio

S&P

500®

ETF

9,412,769‌

32,700‌

SPDR®

Portfolio

S&P

600®

Small

Cap

ETF

1,284,456‌

111,000‌

Vanguard®

Total

International

Stock

ETF

6,182,700‌

36,800‌

Vanguard®

Total

Stock

Market

ETF

8,240,992‌

TOTAL

EXCHANGE-TRADED

FUNDS

(Cost $30,217,160)

31,311,309‌

Shares

Fair

Value

SHORT-TERM

INVESTMENTS

—

49.4%

30,559,038‌

First

American

Treasury

Obligations

Fund,

Class

X,

5.26%

(Cost

$30,559,038)

(a)(b)

30,559,038‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $30,559,038)

30,559,038‌

TOTAL

INVESTMENTS

-

100.1%

(Cost

$60,776,198)

$

61,870,347‌

Liabilities

in

Excess

of

Other

Assets-

(0.1)%

(61,185‌)

NET

ASSETS

-

100.0%

$

61,809,162‌

(a)

Represents

an

investment

greater

than

25%

of

the

Fund’s

net

assets.

Performance

of

the

Fund

may

be

adversely

impacted

by

concentrated

investments

in

securities.

As

of

August

31,

2023,

the

percentage

of

net

assets

invested

in

First

American

Treasury

Obligations

Fund,

Class

X

were

49.4%

of

the

Fund.

The

financial

statements

and

portfolio

holdings

for

this

security

can

be

found

at

www.sec.gov.

(b)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

August

31,

2023.

ETF

-

Exchange-Traded

Fund

SPDR

-

Standard

&

Poor's

Depositary

Receipt

North

Square

Trilogy

Alternative

Return

Fund

Schedule

of

Investments

August

31,

2023

-

(Unaudited)

z

Shares

Fair

Value

COMMON

STOCKS

—

30.2%

CONSUMER

DISCRETIONARY

-

2.9%

HOTELS,

RESTAURANTS

&

LEISURE

-

1.8%

1,553

McDonald's

Corp.

$

436,625‌

SPECIALTY

RETAIL

-

1.1%

825

Home

Depot,

Inc.

(The)

272,498‌

TOTAL

CONSUMER

DISCRETIONARY

709,123‌

CONSUMER

STAPLES

-

4.9%

BANKS

-

1.3%

2,098

Procter

&

Gamble

Co.

(The)

323,805‌

FOOD

-

0.8%

3,044

General

Mills,

Inc.

205,957‌

RETAIL

-

CONSUMER

STAPLES

-

1.9%

2,713

Wal-Mart

Stores,

Inc.

441,161‌

WHOLESALE

-

CONSUMER

STAPLES

-

0.9%

3,023

Sysco

Corp.

210,552‌

TOTAL

CONSUMER

STAPLES

1,181,475‌

FINANCIALS

-

2.6%

BANKS

-

0.9%

6,991

Truist

Financial

Corp.

213,575‌

INSURANCE

-

1.7%

5,747

Aflac,

Inc.

428,554‌

TOTAL

FINANCIALS

642,129‌

HEALTH

CARE

-

5.8%

BIOTECH

&

PHARMA

-

3.2%

757

Eli

Lilly

&

Co.

419,530‌

3,388

Merck

&

Co.,

Inc.

369,224‌

788,754‌

HEALTH

CARE

EQUIPMENT

&

SUPPLIES

-

0.9%

2,081

Abbott

Laboratories

214,135‌

PHARMACEUTICALS

-

1.7%

1,297

Johnson

&

Johnson

209,699‌

5,869

Pfizer,

Inc.

207,645‌

417,344‌

TOTAL

HEALTH

CARE

1,420,233‌

North

Square

Trilogy

Alternative

Return

Fund

Schedule

of

Investments

(continued)

August

31,

2023

-

(Unaudited)

Shares

Fair

Value

COMMON

STOCKS

—

30.2%

(Continued)

INDUSTRIALS

-

4.9%

AEROSPACE

&

DEFENSE

-

0.9%

1,210

L3

Harris

Technologies,

Inc.

$

215,489‌

COMMERCIAL

SUPPORT

SERVICES

-

1.8%

2,719

Waste

Management,

Inc.

426,284‌

DIVERSIFIED

INDUSTRIALS

-

0.9%

933

Illinois

Tool

Works,

Inc.

230,778‌

INDUSTRIAL

SUPPORT

SERVICES

-

1.3%

456

W.W.

Grainger,

Inc.

325,648‌

TOTAL

INDUSTRIALS

1,198,199‌

TECHNOLOGY

-

6.1%

SOFTWARE

-

2.7%

2,002

Microsoft

Corp.

656,176‌

TECHNOLOGY

HARDWARE

-

3.4%

4,366

Apple,

Inc.

820,240‌

TOTAL

TECHNOLOGY

1,476,416‌

UTILITIES

-

3.0%

ELECTRIC

UTILITIES

-

3.0%

2,211

Dominion

Energy,

Inc.

107,322‌

3,195

Eversource

Energy

203,905‌

6,226

Southern

Co.

(The)

421,687‌

732,914‌

TOTAL

UTILITIES

732,914‌

TOTAL

COMMON

STOCKS

(Cost $2,772,842)

7,360,489‌

Shares

Fair

Value

EXCHANGE-TRADED

FUNDS

—

62.2%

17,250‌

iShares®

Broad

USD

High

Yield

Corporate

Bond

ETF

(a)

611,513‌

19,420‌

iShares®

Core

Dividend

Growth

ETF

1,009,452‌

26,400‌

iShares®

MBS

ETF

(a)

2,426,160‌

13,582‌

Schwab®

U.S.

Dividend

Equity

ETF

(a)

1,012,266‌

132,300‌

SPDR®

Portfolio

Intermediate

Term

Corporate

Bond

ETF

(a)

4,236,246‌

53,300‌

SPDR®

Portfolio

Long-Term

Corporate

Bond

ETF

(a)

1,201,915‌

81,800‌

SPDR®

Portfolio

Short-Term

Corporate

Bond

ETF

(a)

2,410,646‌

43,900‌

VanEck®

Vectors

Fallen

Angel

High

Yield

Bond

ETF

(a)

1,217,786‌

North

Square

Trilogy

Alternative

Return

Fund

Schedule

of

Investments

(continued)

August

31,

2023

-

(Unaudited)

Shares

Fair

Value

EXCHANGE-TRADED

FUNDS

—

62.2%

(Continued)

6,234‌

Vanguard®

Dividend

Appreciation

ETF

$

1,016,765‌

TOTAL

EXCHANGE-TRADED

FUNDS

(Cost $15,417,246)

15,142,749‌

Contracts

PURCHASED

OPTIONS-

8.2%

Expiration

Date

Exercise

Price

Notional

Value

Fair

Value

CALL

OPTIONS

PURCHASED

-

8.2%

10‌

S&P

500®

Index

09/05/2023

$

4,700‌

$

4,507,660‌

$

50‌

10‌

S&P

500®

Index

09/11/2023

4,650‌

4,507,660‌

550‌

10‌

S&P

500®

Index

09/18/2023

4,500‌

4,507,660‌

47,800‌

10‌

S&P

500®

Index

09/25/2023

4,550‌

4,507,660‌

35,350‌

10‌

S&P

500®

Index

10/02/2023

4,650‌

4,507,660‌

11,450‌

15‌

S&P

500®

Index

12/15/2023

3,700‌

6,761,490‌

1,298,475‌

10‌

S&P

500®

Index

12/15/2023

4,000‌

4,507,660‌

582,950‌

1,976,625‌

Contracts

PURCHASED

OPTIONS-

1.9%

Expiration

Date

Exercise

Price

Notional

Value

Fair

Value

PUT

OPTIONS

PURCHASED

-

1.9%

10‌

S&P

500®

Index

09/04/2023

$

4,350‌

$

4,507,660‌

$

200‌

10‌

S&P

500®

Index

09/04/2023

4,425‌

4,507,660‌

400‌

10‌

S&P

500®

Index

09/11/2023

4,275‌

4,507,660‌

950‌

10‌

S&P

500®

Index

09/11/2023

4,300‌

4,507,660‌

1,050‌

10‌

S&P

500®

Index

09/18/2023

4,150‌

4,507,660‌

1,625‌

10‌

S&P

500®

Index

09/18/2023

4,325‌

4,507,660‌

4,150‌

10‌

S&P

500®

Index

09/25/2023

4,200‌

4,507,660‌

4,100‌

10‌

S&P

500®

Index

09/25/2023

4,475‌

4,507,660‌

32,400‌

10‌

S&P

500®

Index

10/02/2023

4,300‌

4,507,660‌

11,800‌

5‌

S&P

500®

Index

12/15/2023

3,300‌

2,253,830‌

3,050‌

5‌

S&P

500®

Index

12/15/2023

3,450‌

2,253,830‌

3,975‌

5‌

S&P

500®

Index

12/15/2023

3,525‌

2,253,830‌

4,550‌

5‌

S&P

500®

Index

12/15/2023

3,825‌

2,253,830‌

8,325‌

5‌

S&P

500®

Index

06/21/2024

3,450‌

2,253,830‌

19,075‌

5‌

S&P

500®

Index

06/21/2024

3,525‌

2,253,830‌

21,225‌

5‌

S&P

500®

Index

06/21/2024

3,550‌

2,253,830‌

22,050‌

5‌

S&P

500®

Index

06/21/2024

3,650‌

2,253,830‌

25,425‌

5‌

S&P

500®

Index

06/21/2024

3,725‌

2,253,830‌

28,350‌

5‌

S&P

500®

Index

06/24/2024

3,775‌

2,253,830‌

30,475‌

5‌

S&P

500®

Index

06/24/2024

3,975‌

2,253,830‌

40,950‌

5‌

S&P

500®

Index

12/23/2024

3,950‌

2,253,830‌

63,750‌

5‌

S&P

500®

Index

12/23/2024

4,100‌

2,253,830‌

76,175‌

100‌

SPDR®

S&P

500®

ETF

Trust

12/15/2023

405‌

4,503,500‌

29,700‌

50‌

SPDR®

S&P

500®

ETF

Trust

12/21/2024

360‌

2,251,750‌

42,325‌

476,075‌

North

Square

Trilogy

Alternative

Return

Fund

Schedule

of

Investments

(continued)

August

31,

2023

-

(Unaudited)

Contracts

TOTAL

PURCHASED

OPTIONS

(Cost

-

$3,148,884)

2,452,700‌

Shares

Fair

Value

SHORT-TERM

INVESTMENTS

—

1.0%

235,383‌

First

American

Treasury

Obligations

Fund,

Class

X,

5.26%

(Cost

$235,383)

(b)

$

235,383‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $235,383)

235,383‌

TOTAL

INVESTMENTS

-

103.5%

(Cost

$21,575,559)

$

25,192,525‌

Other

Assets

in

Excess

of

Liabilities-

0.1%

19,260‌

NET

ASSETS

-

100.0%

$

24,334,735‌

(a)

Security

held

as

collateral

for

written

options.

(b)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

August

31,

2023.

ETF

-

Exchange-Traded

Fund

SPDR

-

Standard

&

Poor's

Depositary

Receipt

North

Square

Trilogy

Alternative

Return

Fund

Schedule

of

Written

Options

August

31,

2023

-

(Unaudited)

Contracts

Description

Expiration

Date

Exercise

Price

Notional

Value

Fair

Value

CALL

OPTIONS

WRITTEN-

(2.2)%

(10)

S&P

500®

Index

09/18/2023

$

4,350‌

$

(4,507,660‌)

$

(173,550‌)

(10)

S&P

500®

Index

09/25/2023

4,400‌

(4,507,660‌)

(138,650‌)

(10)

S&P

500®

Index

10/02/2023

4,500‌

(4,507,660‌)

(72,700‌)

(5)

S&P

500®

Index

12/20/2024

4,600‌

(2,253,830‌

)

(209,850‌)

(594,750‌)

Contracts

Description

Expiration

Date

Exercise

Price

Notional

Value

Fair

Value

PUT

OPTIONS

WRITTEN

-

(1.4)%

(10)

S&P

500®

Index

09/04/2023

$

4,550‌

$

(4,507,660‌)

$

(40,550‌)

(10)

S&P

500®

Index

10/02/2023

4,500‌

(4,507,660‌)

(47,000‌)

(5)

S&P

500®

Index

12/15/2023

2,925‌

(2,253,830‌)

(1,625‌)

(5)

S&P

500®

Index

12/15/2023

3,050‌

(2,253,830‌)

(2,000‌)

(5)

S&P

500®

Index

12/15/2023

3,125‌

(2,253,830‌)

(2,275‌)

(5)

S&P

500®

Index

12/15/2023

3,400‌

(2,253,830‌)

(3,625‌)

(5)

S&P

500®

Index

06/21/2024

3,075‌

(2,253,830‌)

(11,450‌)

(5)

S&P

500®

Index

06/21/2024

3,125‌

(2,253,830‌)

(12,225‌)

(5)

S&P

500®

Index

06/21/2024

3,150‌

(2,253,830‌)

(12,650‌)

(5)

S&P

500®

Index

06/21/2024

3,250‌

(2,253,830‌)

(14,475‌)

(5)

S&P

500®

Index

06/21/2024

3,300‌

(2,253,830‌)

(15,525‌)

(5)

S&P

500®

Index

06/24/2024

3,375‌

(2,253,830‌)

(17,225‌)

(5)

S&P

500®

Index

06/24/2024

3,500‌

(2,253,830‌)

(20,500‌)

(5)

S&P

500®

Index

12/23/2024

3,500‌

(2,253,830‌)

(36,825‌)

(5)

S&P

500®

Index

12/23/2024

3,650‌

(2,253,830‌)

(44,350‌)

(282,300‌)

TOTAL

CALL

WRITTEN

OPTIONS

(Premiums

Received-

$1,279,725)

(877,050‌)