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      <invstOrSec>
        <name>ING Groep N.V.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Long Beach Mortgage Loan Trust</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ameriquest Mortgage Securities</name>
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        <cusip>03072SPH2</cusip>
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          <isin value="US03072SPH21"/>
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        <balance>253397.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>BAIN CAPITAL CREDIT CLO 2022-4 LTD</name>
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        <title>Bain Capital Credit CLO 2022-4 Ltd </title>
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          <isin value="US05685BAQ95"/>
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        <balance>1000000.00000000</balance>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
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        <title>FHLMC Multifamily Structured Pass Through Certs </title>
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          <isin value="US3137FTG438"/>
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        <balance>7570000.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fnma Pass-Thru I</name>
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        <title>UMBS Fannie Mae Pool </title>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>American Express Company</name>
        <lei>R4PP93JZOLY261QX3811</lei>
        <title>American Express Co. </title>
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        <balance>3707.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage Association </title>
        <cusip>38380MYE5</cusip>
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          <isin value="US38380MYE55"/>
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        <balance>1194618.70000000</balance>
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        <assetCat>ABS-O</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Ginnie Mae II Pool </title>
        <cusip>36179XS98</cusip>
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          <isin value="US36179XS988"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Government National Mortgage Association</name>
        <lei>549300M8ZYFG0OCMTT87</lei>
        <title>Government National Mortgage A </title>
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        <name>Citizens Financial Group Inc</name>
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        <title>Citizens Financial Group, Inc. </title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Discover Financial Services Inc.</name>
        <lei>Z1YLO2USPORE63VVUL20</lei>
        <title>Discover Financial Services </title>
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        <name>Eaton Corporation PLC</name>
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        <title>Eaton Corp. PLC </title>
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        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Stanley Black &amp; Decker, Inc.</name>
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        <title>Stanley Black &amp; Decker Inc </title>
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        <name>Ameriprise Financial, Inc.</name>
        <lei>6ZLKQF7QB6JAEKQS5388</lei>
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        <name>Capital One Financial Corp.</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>Capital One Financial Corp </title>
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        <name>Prologis Inc.</name>
        <lei>529900DFH19P073LZ636</lei>
        <title>Prologis, Inc. </title>
        <cusip>74340W103</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Simon Property Group Inc</name>
        <lei>529900GQL5X8H7AO3T64</lei>
        <title>Simon Property Group, Inc. </title>
        <cusip>828806109</cusip>
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        <balance>5733.00000000</balance>
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        <assetCat>EC</assetCat>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Government National Mortgage Association</name>
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      <invstOrSec>
        <name>United States Treasury Notes</name>
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      <invstOrSec>
        <name>Vistra Corp</name>
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        <name>NextEra Energy Capital Holdings Inc</name>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Pool </title>
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      <invstOrSec>
        <name>Fnma Pass-Thru I</name>
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        <title>Fannie Mae Pool </title>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>Paychex Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>U.S. Bancorp.</name>
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        <name>CME GLOBEX</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Aegis Asset Backed Secs Trust</name>
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        <name>First American Funds Inc.</name>
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        <name>American Electric Power Co, Inc.</name>
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        <title>American Electric Power Co Inc </title>
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        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC Multifamily Structured Pass Through Certs </title>
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        <name>Independence Plaza Trust</name>
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        <name>Government National Mortgage Association</name>
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        <title>Government National Mortgage Association </title>
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        <name>Motorola Solutions Inc</name>
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        <title>Motorola Solutions, Inc. </title>
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        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC Multifamily Structured Pass Through Certs </title>
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        <name>Government National Mortgage Association</name>
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        <name>Energy Transfer LP</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <title>FHLMC Multifamily Structured Pass Through Certs </title>
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        <name>Exxon Mobil Corp.</name>
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        <name>Equinix, Inc.</name>
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        <name>Hi-Fi Music IP Issuer II LP</name>
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        <name>Morgan Stanley Bank of America Merrill Lynch Trust 2014-C17</name>
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        <name>Realty Income Corporation</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Svenska Handelsbanken AB</name>
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        <name>FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Duke Energy Corp</name>
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        <title>Newmont Goldcorp Corp. </title>
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        <name>Deutsche Bank AG</name>
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        <name>Impac CMB Trust</name>
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        <name>OAKTREE CLO 2022-3 LTD</name>
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        <name>J P Morgan Mortgage Acquisition Corporation</name>
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        <name>Fnma Pass-Thru I</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool </title>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
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      <invstOrSec>
        <name>South Bow Canadian Infrastructure Holdings Ltd.</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Morgan Stanley Capital I Trust 2011-C2</name>
        <lei>N/A</lei>
        <title>Morgan Stanley Capital I Trust 2011-C2 </title>
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          <isin value="US617459AJ14"/>
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        <balance>529606.80000000</balance>
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      <invstOrSec>
        <name>Chicago Board of Trade</name>
        <lei>549300EX04Q2QBFQTQ27</lei>
        <title>10 Year US Treasury Note Future </title>
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          <ticker value="TYZ4 COMDTY"/>
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                <issuerName>10 Year US Treasury Note Future </issuerName>
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      <invstOrSec>
        <name>Fnma Pass-Thru I</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae Pool </title>
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      <invstOrSec>
        <name>Accenture PLC</name>
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        <title>Accenture PLC </title>
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        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>N/A</lei>
        <title>FHLMC Multifamily Structured Pass Through Certs </title>
        <cusip>3137FTZU4</cusip>
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          <isin value="US3137FTZU47"/>
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      <invstOrSec>
        <name>FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD</name>
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        <title>Freddie Mac Multifamily Structured Pass Through Certificates</title>
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        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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        <name>PNC Financial Services Group Inc.</name>
        <lei>CFGNEKW0P8842LEUIA51</lei>
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        <name>Chicago Board of Trade</name>
        <lei>549300EX04Q2QBFQTQ27</lei>
        <title> Ultra 10 Year US Treasury Note Future </title>
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          <ticker value="UXYZ4 COMDTY"/>
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                <issuerName> Ultra 10 Year US Treasury Note Future </issuerName>
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        <name>United States Treasury Notes</name>
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        <title>United States Treasury Inflation Indexed Bonds </title>
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          <isin value="US91282CKL45"/>
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        <name>HSI Asset Securitization Corporation Trust</name>
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        <title>HSI Asset Securitization Corp Trust 2006-OPT3 </title>
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      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Pool </title>
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        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>FHLMC Multifamily Structured Pass Through Certs </title>
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        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>UMBS Freddie Mac Pool RJ1514</title>
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        <name>General Motors Financial Company  Inc</name>
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        <title>General Motors Financial Co Inc </title>
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        <name>Digital Realty Trust Inc.</name>
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        <name>Fnma Pass-Thru I</name>
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        <name>Federal National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>KeyCorp</name>
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        <name>Government National Mortgage Association</name>
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        <name>Government National Mortgage Association</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>LIBRA SOLUTIONS 2023-1 LLC</name>
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        <name>Government National Mortgage Association</name>
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        <name>Alamos Gold Inc.</name>
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        <name>Fnma Pass-Thru I</name>
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        <name>CMS Energy Corporation</name>
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        <name>Parker-Hannifin Corp.</name>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal Home Loan Mortgage Corp.</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Multiclass Certs Series 2015-P001 </title>
        <cusip>3137FQXU2</cusip>
        <identifiers>
          <isin value="US3137FQXU26"/>
        </identifiers>
        <balance>7690000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>415735.24000000</valUSD>
        <pctVal>0.191293114272</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-10-27</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.82580120</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FBR Securitization Trust</name>
        <lei>N/A</lei>
        <title>FBR Securitization Trust </title>
        <cusip>30246QCQ4</cusip>
        <identifiers>
          <isin value="US30246QCQ47"/>
        </identifiers>
        <balance>585573.46000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>577394.52000000</valUSD>
        <pctVal>0.265677732526</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-26</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.67425880</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO MERCANTILE EXCHANGE (FLOOR)</name>
        <lei>N/A</lei>
        <title>E-mini S&amp;P 500 Future </title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ESZ4 INDEX"/>
        </identifiers>
        <balance>-130.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>986897.55000000</valUSD>
        <pctVal>0.454103207145</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>WELLS FARGO SECURITIES LLC</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>E-mini S&amp;P 500 Future </issuerName>
                <issueTitle>E-mini S&amp;P 500 Future </issueTitle>
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                  <ticker value="ESZ4 INDEX"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2024-12-23</expDate>
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            <curCd>USD</curCd>
            <unrealizedAppr>986897.55000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Paramount Global</name>
        <lei>5KYC8KF17ROCY24M3H09</lei>
        <title>Paramount Global </title>
        <cusip>92553PBC5</cusip>
        <identifiers>
          <isin value="US92553PBC59"/>
        </identifiers>
        <balance>2500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2241895.75000000</valUSD>
        <pctVal>1.031568119871</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-02-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.24999876</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Renaissance Mortgage Acceptance Corp.</name>
        <lei>N/A</lei>
        <title>Renaissance Home Equity Loan Trust 2005-3 </title>
        <cusip>75970NBE6</cusip>
        <identifiers>
          <isin value="US75970NBE67"/>
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        <balance>390420.57000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>388912.69000000</valUSD>
        <pctVal>0.178951198965</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-11-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.14000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FREMF Mortgage Trust</name>
        <lei>N/A</lei>
        <title>FREMF 2016-K55 Mortgage Trust </title>
        <cusip>30289HAG6</cusip>
        <identifiers>
          <isin value="US30289HAG65"/>
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        <balance>1445000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1417040.98000000</valUSD>
        <pctVal>0.652025991627</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-04-25</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.30251480</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JP Morgan Mtg Ac7</name>
        <lei>N/A</lei>
        <title>JP Morgan Mortgage Acquisition Trust 2007-CH3 </title>
        <cusip>46630XAF5</cusip>
        <identifiers>
          <isin value="US46630XAF50"/>
        </identifiers>
        <balance>350216.77000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>345261.06000000</valUSD>
        <pctVal>0.158865684333</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-03-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>5.22925920</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federal National Mortgage Association</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>Fannie Mae-Aces </title>
        <cusip>3136BDXP8</cusip>
        <identifiers>
          <isin value="US3136BDXP80"/>
        </identifiers>
        <balance>222725.86000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>219639.08000000</valUSD>
        <pctVal>0.101062983328</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-O</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2024-10-31</ncom:dateSigned>
      <ncom:nameOfApplicant>North Square Investments Trust</ncom:nameOfApplicant>
      <ncom:signature>Zachary Richmond</ncom:signature>
      <ncom:signerName>Zachary Richmond</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
