North Square Investments Trust NPORT-P North Square Mckee Bond Fund (Jul 2024 report)

North

Square

Advisory

Research

Small

Cap

Fund

Schedule

of

Investments

July

31,

2024

-

(Unaudited)

Shares

Fair

Value

COMMON

STOCKS

—

99.0%

CONSUMER

DISCRETIONARY

-

27.0%

AUTOMOTIVE

-

9.8%

21,570

Miller

Industries,

Inc.

$

1,465,465‌

24,555

Phinia,

Inc.

1,097,608‌

2,563,073‌

HOME

CONSTRUCTION

-

2.9%

9,217

Skyline

Champion

Corp.

(a)

751,278‌

LEISURE

FACILITIES

&

SERVICES

-

5.7%

6,840

Monarch

Casino

&

Resort,

Inc.

535,435‌

36,957

OneSpaWorld

Holdings

Ltd.

(a)

594,638‌

7,950

Papa

John's

International,

Inc.

351,629‌

1,481,702‌

LEISURE

PRODUCTS

-

2.0%

6,455

Brunswick

Corp.

525,760‌

RETAIL

-

DISCRETIONARY

-

4.6%

2,060

Asbury

Automotive

Group,

Inc.

(a)

554,593‌

4,692

Floor

&

Decor

Holdings,

Inc.,

Class

A

(a)

459,816‌

59,980

Leslie's,

Inc.

(a)

176,941‌

1,191,350‌

SPECIALTY

RETAIL

-

2.0%

11,175

Valvoline,

Inc.

(a)

519,638‌

TOTAL

CONSUMER

DISCRETIONARY

7,032,801‌

CONSUMER

STAPLES

-

5.8%

WHOLESALE

-

CONSUMER

STAPLES

-

5.8%

36,785

Grocery

Outlet

Holding

Corp.

(a)

719,515‌

11,322

Performance

Food

Group

Co.

(a)

781,218‌

1,500,733‌

TOTAL

CONSUMER

STAPLES

1,500,733‌

FINANCIALS

-

20.0%

BANKING

-

15.2%

22,055

First

Merchants

Corp.

889,919‌

8,887

Nicolet

Bankshares,

Inc.

(a)

893,677‌

9,513

SouthState

Corp.

941,501‌

7,330

Stock

Yards

Bancorp,

Inc.

456,073‌

15,596

Webster

Financial

Corp.

773,874‌

3,955,044‌

INSURANCE

-

4.8%

3,805

Enstar

Group,

Ltd.

(a)

1,234,342‌

TOTAL

FINANCIALS

5,189,386‌

HEALTH

CARE

-

2.3%

North

Square

Advisory

Research

Small

Cap

Fund

Schedule

of

Investments

(continued)

July

31,

2024

-

(Unaudited)

Shares

Fair

Value

COMMON

STOCKS

—

99.0%

(Continued)

HEALTH

CARE

-

2.3%

(Continued)

HEALTH

CARE

FACILITIES

&

SERVICES

-

2.3%

7,445

HealthEquity,

Inc.

(a)

$

584,284‌

TOTAL

HEALTH

CARE

584,284‌

INDUSTRIALS

-

24.4%

COMMERCIAL

SUPPORT

SERVICES

-

10.4%

24,305

Distribution

Solutions

Group,

Inc.

(a)

820,293‌

66,028

Emerald

Holding,

Inc.

(a)

374,379‌

36,272

First

Advantage

Corp.

624,604‌

26,250

Viad

Corp.

(a)

872,812‌

2,692,088‌

ELECTRICAL

EQUIPMENT

-

4.1%

14,270

Bel

Fuse,

Inc.,

Class

B

1,059,833‌

INDUSTRIAL

SUPPORT

SERVICES

-

2.4%

59,455

Alta

Equipment

Group

Inc.

(a)

624,278‌

MACHINERY

-

7.5%

2,350

Alamo

Group,

Inc.

452,892‌

35,392

Gates

Industrial

Corp.

PLC

(a)

657,937‌

8,475

John

Bean

Technologies

Corp.

833,771‌

1,944,600‌

TOTAL

INDUSTRIALS

6,320,799‌

MATERIALS

-

9.7%

CHEMICALS

-

2.6%

25,189

Element

Solutions,

Inc.

678,844‌

CONSTRUCTION

MATERIALS

-

1.7%

1,585

Eagle

Materials,

Inc.

431,596‌

CONTAINERS

&

PACKAGING

-

5.4%

2,715

AptarGroup,

Inc.

399,051‌

41,126

TriMas

Corp.

1,010,876‌

1,409,927‌

TOTAL

MATERIALS

2,520,367‌

REAL

ESTATE

-

3.1%

REAL

ESTATE

OWNERS

&

DEVELOPERS

-

3.1%

28,355

Legacy

Housing

Corp.

(a)

807,550‌

TOTAL

REAL

ESTATE

807,550‌

TECHNOLOGY

-

6.7%

SOFTWARE

-

2.6%

11,735

Alkami

Technology,

Inc.

(a)

384,086‌

North

Square

Advisory

Research

Small

Cap

Fund

Schedule

of

Investments

(continued)

July

31,

2024

-

(Unaudited)

Shares

Fair

Value

COMMON

STOCKS

—

99.0%

(Continued)

TECHNOLOGY

-

6.7%

(Continued)

3,555

Blackbaud,

Inc.

(a)

$

282,196‌

666,282‌

TECHNOLOGY

HARDWARE

-

1.6%

61,230

Pitney

Bowes,

Inc.

404,118‌

TECHNOLOGY

SERVICES

-

2.5%

15,520

Cass

Information

Systems,

Inc.

666,429‌

TOTAL

TECHNOLOGY

1,736,829‌

TOTAL

COMMON

STOCKS

(Cost $21,250,019)

25,692,749‌

Shares

Fair

Value

SHORT-TERM

INVESTMENTS

—

1.0%

250,178‌

First

American

Treasury

Obligations

Fund,

Class

X,

5.20%

(Cost

$250,178)

(b)

250,178‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $250,178)

250,178‌

TOTAL

INVESTMENTS

-

100.0%

(Cost

$21,500,197)

$

25,942,927‌

Other

Assets

in

Excess

of

Liabilities-

0.0%

4,007‌

NET

ASSETS

-

100.0%

$

25,946,934‌

(a)

Non-income

producing

security.

(b)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

July

31,

2024.

North

Square

Altrinsic

International

Equity

Fund

Schedule

of

Investments

July

31,

2024

-

(Unaudited)

Shares

Fair

Value

COMMON

STOCKS

—

93.7%

Belgium

-

0.7%

11,131

KBC

Group

NV

$

861,404‌

Bermuda

-

4.8%

24,477

AXIS

Capital

Holdings

Ltd.

1,854,133‌

10,292

Everest

Re

Group,

Ltd.

4,043,418‌

5,897,551‌

Brazil

-

0.6%

310,990

Lojas

Renner

SA

(a)

728,054‌

Canada

-

1.4%

22,303

Agnico

Eagle

Mines

Ltd.

1,721,123‌

Cayman

Islands

-

2.8%

139,668

Alibaba

Group

Holding

Ltd.

1,374,361‌

98,618

Baidu,

Inc.,

Class

A

(a)

1,093,435‌

521,078

Sands

China

Ltd.

(a)

976,828‌

3,444,624‌

France

-

11.5%

24,519

AXA

SA

861,325‌

67,961

Bureau

Veritas

SA

2,127,600‌

20,560

Cia

Generale

de

Establissements

Michelin

SCA

814,389‌

40,085

Danone

2,605,539‌

11,241

Pernod

Ricard

SA

(a)

1,504,943‌

29,950

Sanofi

3,089,296‌

31,151

SCOR

SE

667,065‌

38,554

TotalEnergies

SE

2,602,508‌

14,272,665‌

Germany

-

9.3%

5,879

adidas

AG

1,474,061‌

13,106

BioNTech

SE

-

ADR

(a)

1,129,737‌

35,720

Daimler

Truck

Holding

AG

1,379,861‌

9,595

Deutsche

Boerse

AG

1,965,820‌

45,635

DHL

Group

2,038,379‌

14,717

Henkel

AG

&

Co.

KGaA

1,259,602‌

4,833

SAP

SE

1,022,349‌

6,637

Siemens

AG

1,215,875‌

11,485,684‌

India

-

2.1%

44,117

HDFC

Bank

Ltd.

-

ADR

2,647,461‌

Ireland

-

7.0%

118,677

Bank

of

Ireland

Group

PLC

1,344,739‌

10,975

CRH

PLC

940,558‌

15,900

Kerry

Group

PLC,

Class

A

(a)

1,487,390‌

30,447

Medtronic

PLC

2,445,503‌

North

Square

Altrinsic

International

Equity

Fund

Schedule

of

Investments

(continued)

July

31,

2024

-

(Unaudited)

Shares

Fair

Value

COMMON

STOCKS

—

93.7%

(Continued)

Ireland

-

7.0%

(Continued)

8,882

Willis

Towers

Watson

PLC

$

2,507,210‌

8,725,400‌

Israel

-

2.6%

17,815

Check

Point

Software

Technologies

Ltd.

(a)

3,268,162‌

Japan

-

13.9%

18,776

Daito

Trust

Construction

Co.,

Ltd.

(a)

2,258,186‌

30,006

Eisai

Co.

Ltd.

1,144,399‌

174,900

Kubota

Corp.

2,514,724‌

52,607

MinebeaMitsumi,

Inc.

(a)

1,265,527‌

85,585

Sompo

Holdings,

Inc.

1,951,658‌

24,145

Sony

Group

Corp.

2,144,699‌

106,466

Sumitomo

Mitsui

Trust

Holdings,

Inc.

2,691,340‌

205,451

Suzuki

Motor

Corp.

2,413,272‌

90,629

Yamaha

Motor

Co.

Ltd.

844,003‌

17,227,808‌

Korea  (Republic

Of)

-

6.7%

36,405

Hana

Financial

Group,

Inc.

1,735,298‌

54,715

KB

Financial

Group

Inc.

3,558,642‌

1,922

Samsung

Electronics

Co.

Ltd.

2,956,141‌

8,250,081‌

Mexico

-

2.2%

7,825

Fomento

Economico

Mexicano,

SAB

de

CV

-

ADR

862,706‌

96,371

Grupo

Financiero

Banorte

SAB

de

CV

723,736‌

351,931

Wal-Mart

de

Mexico

SAB

de

CV

1,171,208‌

2,757,650‌

Netherlands

-

4.8%

30,182

Akzo

Nobel

N.V.

(a)

1,867,233‌

15,174

Euronext

NV

1,534,969‌

28,986

Heineken

N.V.

2,573,635‌

5,975,837‌

Peru

-

1.2%

8,789

Credicorp

Ltd.

1,499,755‌

Singapore

-

1.1%

193,264

Singapore

Exchange

Ltd.

(a)

1,424,949‌

Spain

-

0.5%

65,486

Bankinter

SA

(a)

559,649‌

Switzerland

-

11.4%

409

Barry

Callebaut

AG

658,138‌

16,975

Chubb

Ltd.

4,679,328‌

20,926

Nestle

S.A.

2,119,820‌

North

Square

Altrinsic

International

Equity

Fund

Schedule

of

Investments

(continued)

July

31,

2024

-

(Unaudited)

Shares

Fair

Value

COMMON

STOCKS

—

93.7%

(Continued)

Switzerland

-

11.4%

(Continued)

5,261

Novartis

AG

$

587,321‌

7,059

Roche

Holding

AG

2,285,602‌

30,695

Sandoz

Insurance

Group

AG

(a)

1,331,448‌

4,494

Zurich

Insurance

Group

AG

2,470,864‌

14,132,521‌

United

Kingdom

-

9.1%

4,637

Aon

PLC,

Class

A

1,523,301‌

46,025

BP

PLC

-

ADR

1,628,825‌

54,388

Diageo

PLC

1,692,036‌

151,085

GSK

PLC

2,933,462‌

309,783

Haleon

PLC

1,389,300‌

86,792

Liberty

Global

Ltd.,

Class

A

(a)

1,691,576‌

558,882

Lloyds

Banking

Group

PLC

426,896‌

11,285,396‌

TOTAL

COMMON

STOCKS

(Cost $104,941,563)

116,165,774‌

Shares

Fair

Value

PREFERRED

STOCKS

—

1.1%

Brazil

-

1.1%

225,945

Itau

Unibanco

Holdings

SA

(a)

1,357,947‌

TOTAL

PREFERRED

STOCKS

(Cost $1,154,408)

1,357,947‌

Shares

Fair

Value

SHORT-TERM

INVESTMENTS

—

4.9%

6,059,596‌

First

American

Treasury

Obligations

Fund,

Class

X,

5.20%

(Cost

$6,059,596)

(b)

6,059,596‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $6,059,596)

6,059,596‌

TOTAL

INVESTMENTS

-

99.7%

(Cost

$112,155,567)

$

123,583,317‌

OTHER

ASSETS

IN

EXCESS

OF

LIABILITIES-

0.3%

360,255‌

NET

ASSETS

-

100.0%

$

123,943,572‌

(a)

Non-income

producing

security.

(b)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

July

31,

2024.

ADR

-

American

Depositary

Receipt

S/A

-

Société

Anonyme

North

Square

McKee

Bond

Fund

Schedule

of

Investments

July

31,

2024

-

(Unaudited)

,

Principal

Amount

($)

Fair

Value

ASSET

BACKED

SECURITIES

—

3.1%

400,000

Aligned

Data

Centers

Issuer

LLC,

1.937%,

08/15/46

(a)

$

373,352‌

239,485

American

Credit

Acceptance

Receivables

Trust

2021-2,

1.340%,

07/13/27

(a)

236,480‌

200,000

AMSR

2021-SFR2

Trust,

1.527%,

08/19/38

(a)

186,378‌

785,000

Amur

Equipment

Finance

Receivables

X

LLC,

2.200%,

01/20/28

(a)

760,575‌

250,000

Dell

Equipment

Finance

Trust

2023-3,

5.930%,

06/22/26

(a)

253,085‌

261,000

Harley-Davidson

Motorcycle

Trust

2024-A,

5.370%,

03/15/29

264,218‌

160,225

NMEF

Funding

2022-B,

LLC,

6.070%,

06/01/49

(a)

160,767‌

26,432

Oportun

Funding

XIV

LLC  Series

2021-A,

1.210%,

03/08/28

(a)

25,664‌

1,050,000

Toyota

Auto

Receivables

2024-C

Owner

Trust,

4.880%,

01/18/28

(a)

1,056,483‌

527,203

Tricon

Residential

2022-SFR2

Trust,

3.856%,

04/19/39

(a)

511,540‌

439,000

Verizon

Master

Trust,

5.670%,

11/20/26

448,111‌

TOTAL

ASSET

BACKED

SECURITIES

(Cost $4,338,421)

4,276,653‌

Principal

Amount

($)

Fair

Value

CORPORATE

BONDS

—

30.0%

COMMUNICATIONS

—

2.1%

CABLE

&

SATELLITE

—

2.1%

98,000

AT&T,

Inc.,

4.350%,

03/01/29

96,682‌

860,000

Comcast

Corp.,

3.250%,

11/01/39

682,167‌

628,000

Fox

Corp.,

6.500%,

10/13/33

674,293‌

160,000

Meta

Platforms,

Inc.,

5.600%,

05/15/53

166,930‌

370,000

Verizon

Communications,

Inc.,

2.100%,

03/22/28

339,217‌

965,000

Verizon

Communications,

Inc.,

2.650%,

11/20/40

682,431‌

325,000

Walt

Disney

Co.

(The),

3.500%,

05/13/40

265,473‌

2,907,193‌

CONSUMER

DISCRETIONARY

—

1.8%

AUTOMOTIVE

—

1.8%

445,000

American

Honda

Finance

Corp.,

2.000%,

03/24/28

407,327‌

623,000

Ford

Motor

Co.

Class

B,

3.250%,

02/12/32

523,190‌

215,000

General

Motors

Financial

Co.,

Inc.,

5.800%,

01/07/29

221,186‌

418,000

General

Motors

Financial

Co.,

Inc.,

4.300%,

04/06/29

404,845‌

185,000

McDonald's

Corp.,

3.600%,

07/01/30

175,076‌

606,000

Starbucks

Corp.,

4.900%,

02/15/31

614,070‌

191,000

Starbucks

Corp.,

5.000%,

02/15/34

191,136‌

2,536,830‌

CONSUMER

STAPLES

—

1.3%

BEVERAGES

—

1.3%

North

Square

McKee

Bond

Fund

Schedule

of

Investments

(continued)

July

31,

2024

-

(Unaudited)

Principal

Amount

($)

Fair

Value

532,000

Coca-Cola

Co.

(The),

5.000%,

05/13/34

$

547,816‌

531,000

Keurig

Dr

Pepper,

Inc.,

5.200%,

03/15/31

541,375‌

275,000

Philip

Morris

International,

Inc.,

5.125%,

02/15/30

279,634‌

395,000

Procter

&

Gamble

Co.

(The),

4.550%,

01/29/34

397,518‌

1,766,343‌

ENERGY

—

2.7%

OIL

&

GAS

PRODUCERS

—

2.7%

694,000

ConocoPhillips

Co.,

5.300%,

05/15/53

676,910‌

186,000

Energy

Transfer

LP,

6.400%,

12/01/30

199,382‌

250,000

Enterprise

Products

Operating

LLC,

4.800%,

02/01/49

227,448‌

1,005,000

Exxon

Mobil

Corp.,

4.327%,

03/19/50

873,904‌

335,000

Phillips

66

Co.,

5.250%,

06/15/31

341,779‌

534,000

TotalEnergies

Capital

SA,

5.488%,

04/05/54

540,593‌

950,000

TransCanada

PipeLines

Ltd.,

2.500%,

10/12/31

817,937‌

3,677,953‌

FINANCIALS

—

11.9%

ASSET

MANAGEMENT

—

11.9%

400,000

American

Express

Co.,

5.284%,

07/26/35

405,059‌

1,572,000

Bank

of

America

Corp.,

1.658%,

03/11/27

1,489,837‌

1,100,000

Bank

of

America

NA,

5.050%,

06/22/26

1,110,326‌

522,000

Bank

of

New

York

Mellon

Corp.

(The),

5.060%,

07/22/32

528,706‌

530,000

Canadian

Imperial

Bank

of

Commerce,

5.260%,

04/08/29

538,989‌

198,000

Capital

One

Financial

Corp.,

1.878%,

11/02/27

184,188‌

236,000

Capital

One

Financial

Corp.,

6.209%,

06/08/29

244,830‌

244,000

Charles

Schwab

Corp.

(The),

5.643%,

05/19/29

250,045‌

358,000

Citibank

NA,

5.570%,

04/30/34

372,526‌

183,000

Citigroup,

Inc.,

5.174%,

02/13/30

(b)

185,058‌

333,000

Goldman

Sachs

Bank

USA,

5.414%,

05/21/27

335,415‌

934,000

Goldman

Sachs

Group,

Inc.

(The),

1.431%,

03/09/27

881,053‌

1,139,000

Goldman

Sachs

Group,

Inc.

(The),

1.992%,

01/27/32

(b)

944,639‌

200,000

HSBC

Holdings

PLC,

4.583%,

06/19/29

(b)

196,750‌

579,000

JPMorgan

Chase

&

Co.,

1.578%,

04/22/27

(SOFR

+

77bps)

(b)

546,621‌

749,000

JPMorgan

Chase

&

Co.,

5.299%,

07/24/29

(b)

762,501‌

720,000

Morgan

Stanley,

1.593%,

05/04/27

(b)

678,401‌

245,000

Morgan

Stanley

Bank,

NA,

4.950%,

06/14/27

248,467‌

610,000

Morgan

Stanley

Bank,

NA,

4.800%,

06/20/28

620,998‌

245,000

Morgan

Stanley

Private

Bank,

NA,

4.950%,

06/14/27

248,467‌

610,000

Morgan

Stanley

Private

Bank,

NA,

4.800%,

06/20/28

620,998‌

245,000

Morgan

Stanley

Private

Bank,

NA,

4.700%,

06/12/29

249,818‌

193,000

PNC

Financial

Services

Group,

Inc.

(The),

5.582%,

06/12/29

197,571‌

197,000

Royal

Bank

of

Canada,

5.150%,

02/01/34

200,282‌

540,000

Toronto-Dominion

Bank

(The),

4.693%,

09/15/27

539,865‌

326,000

Toronto-Dominion

Bank

(The),

4.994%,

04/05/29

329,570‌

229,000

Toronto-Dominion

Bank

(The),

3.200%,

03/10/32

203,547‌

251,258

United

Airlines

2023-1

Class

A

Pass

Through

Trust,

5.800%,

07/15/36

257,421‌

North

Square

McKee

Bond

Fund

Schedule

of

Investments

(continued)

July

31,

2024

-

(Unaudited)

Principal

Amount

($)

Fair

Value

759,000

US

Bancorp,

4.893%,

02/01/34

$

736,351‌

769,000

Wells

Fargo

&

Co.,

3.526%,

03/24/28

742,310‌

406,000

Wells

Fargo

&

Co.,

4.897%,

07/25/33

(SOFR

+

195bps)

(b)

399,242‌

1,100,000

Wells

Fargo

Bank

NA,

4.900%,

06/11/27

1,114,225‌

16,364,076‌

HEALTH

CARE

—

1.4%

BIOTECH

&

PHARMA

—

1.4%

197,000

Amgen,

Inc.,

5.650%,

03/02/53

198,642‌

154,000

Cigna

Group

(The),

5.000%,

05/15/29

155,926‌

793,000

Johnson

&

Johnson,

4.900%,

06/01/31

817,637‌

66,000

Pfizer

Investment

Enterprises

PTE

Ltd.,

5.110%,

05/19/43

64,347‌

135,000

UnitedHealth

Group,

Inc.,

5.300%,

02/15/30

139,927‌

545,000

UnitedHealth

Group,

Inc.,

5.150%,

07/15/34

553,517‌

1,929,996‌

INDUSTRIALS

—

3.2%

AEROSPACE

&

DEFENSE

—

3.2%

501,403

BNSF

Railway

Co.

2015-1

Pass

Through

Trust,

3.442%,

06/16/28

(a)

479,831‌

812,000

Boeing

Co.,

4.875%,

05/01/25

806,397‌

945,000

Burlington

Northern

Santa

Fe

LLC,

4.550%,

09/01/44

857,525‌

277,000

Honeywell

International,

Inc.,

4.950%,

09/01/31

282,918‌

513,000

Honeywell

International,

Inc.,

4.750%,

02/01/32

514,286‌

227,000

John

Deere

Capital

Corp.,

4.700%,

06/10/30

230,026‌

214,000

Johnson

Controls

International

PLC,

5.500%,

04/19/29

220,783‌

180,000

Northrop

Grumman

Corp.,

3.250%,

01/15/28

172,230‌

9,054

Union

Pacific

Railroad

Co.

2005

Pass

Through

Trust,

5.082%,

01/02/29

9,103‌

130,545

Union

Pacific

Railroad

Co.

2014-1

Pass

Through

Trust,

3.227%,

05/14/26

127,153‌

687,000

United

Parcel

Service,

Inc.,

5.150%,

05/22/34

701,183‌

4,401,435‌

REAL

ESTATE

—

0.3%

REAL

ESTATE

INVESTMENT

TRUSTS

—

0.3%

425,000

American

Tower

Corp.,

3.800%,

08/15/29

404,960‌

TECHNOLOGY

—

1.6%

SEMICONDUCTORS

—

1.6%

380,000

Apple,

Inc.,

2.950%,

09/11/49

269,271‌

395,000

Cisco

Systems

Inc.,

4.950%,

02/26/31

403,890‌

137,000

Intel

Corp.,

5.700%,

02/10/53

138,257‌

200,000

International

Business

Machines

Corp.,

4.150%,

05/15/39

177,533‌

250,000

International

Business

Machines

Corp.,

1.700%,

10/01/52

231,641‌

517,000

Oracle

Corp.,

2.300%,

03/25/28

475,683‌

685,000

Oracle

Corp.,

3.600%,

04/01/40

542,434‌

2,238,709‌

UTILITIES

—

3.7%

North

Square

McKee

Bond

Fund

Schedule

of

Investments

(continued)

July

31,

2024

-

(Unaudited)

Principal

Amount

($)

Fair

Value

ELECTRIC

UTILITIES

—

3.7%

375,000

Alabama

Power

Co.,

3.450%,

10/01/49

$

275,089‌

120,000

Berkshire

Hathaway

Energy

Co.,

3.700%,

07/15/30

114,062‌

98,000

Consolidated

Edison

Company

of

New

York,

Inc.,

5.700%,

05/15/54

100,636‌

1,411,000

Duke

Energy

Carolinas

LLC,

5.300%,

02/15/40

1,416,566‌

132,000

Duke

Energy

Corp.,

2.450%,

06/01/30

116,454‌

200,000

Entergy

Corp.,

1.900%,

06/15/28

179,783‌

330,000

Florida

Power

&

Light

Co.,

5.300%,

04/01/53

328,191‌

1,270,000

MidAmerican

Energy

Co.,

4.250%,

07/15/49

1,073,199‌

597,000

NextEra

Energy

Capital

Holdings,

Inc.,

4.900%,

02/28/28

600,217‌

239,000

Pacific

Gas

and

Electric

Co.,

6.400%,

06/15/33

253,035‌

669,000

Virginia

Electric

and

Power

Co.,

5.450%,

04/01/53

661,120‌

5,118,352‌

TOTAL

CORPORATE

BONDS

(Cost $40,959,170)

41,345,847‌

Principal

Amount

($)

Fair

Value

MORTGAGE-BACKED

SECURITIES

—

48.9%

125,701

BBCMS

Mortgage

Trust

2022-C14,

1.727%,

02/18/55

119,967‌

300,000

DBUBS

2017-BRBK

Mortgage

Trust,

3.452%,

10/12/34

(a)

290,735‌

107,316

Ellington

Financial

Mortgage

Trust

2020-01,

2.006%,

05/25/65

(a)

104,621‌

599,988

EQUS

2021-EQAZ

Mortgage

Trust,

6.198%,

10/15/36

(a)

592,434‌

278,298

Fannie

Mae

Pool,

4.000%,

05/15/27

263,899‌

23,843

Fannie

Mae

Pool,

2.500%,

08/01/28

22,910‌

20,506

Fannie

Mae

Pool,

5.000%,

11/01/29

20,571‌

5,600

Fannie

Mae

Pool,

4.000%,

10/01/30

5,530‌

64,614

Fannie

Mae

Pool,

4.500%,

05/01/31

64,435‌

51,924

Fannie

Mae

Pool,

4.000%,

09/01/31

51,033‌

24,353

Fannie

Mae

Pool,

4.500%,

01/01/32

24,157‌

15,450

Fannie

Mae

Pool,

3.500%,

04/01/32

14,964‌

218,276

Fannie

Mae

Pool,

3.000%,

05/01/33

206,915‌

57,930

Fannie

Mae

Pool,

4.500%,

05/01/34

57,685‌

74,984

Fannie

Mae

Pool,

4.000%,

06/01/34

73,516‌

104,007

Fannie

Mae

Pool,

3.500%,

08/01/34

100,251‌

86,728

Fannie

Mae

Pool,

3.500%,

12/01/34

83,507‌

38,630

Fannie

Mae

Pool,

3.500%,

11/01/35

37,215‌

74,729

Fannie

Mae

Pool,

4.000%,

11/01/35

73,429‌

263,690

Fannie

Mae

Pool,

2.000%,

05/01/36

238,023‌

409,932

Fannie

Mae

Pool,

2.000%,

03/01/37

369,576‌

91,747

Fannie

Mae

Pool,

4.000%,

07/01/37

89,749‌

95,370

Fannie

Mae

Pool,

3.500%,

10/13/37

88,545‌

85,238

Fannie

Mae

Pool,

3.500%,

12/01/37

82,127‌

North

Square

McKee

Bond

Fund

Schedule

of

Investments

(continued)

July

31,

2024

-

(Unaudited)

Principal

Amount

($)

Fair

Value

78,534

Fannie

Mae

Pool,

4.000%,

12/01/37

$

77,174‌

57,780

Fannie

Mae

Pool,

4.000%,

06/01/38

56,778‌

2,532

Fannie

Mae

Pool,

4.000%,

03/01/39

2,446‌

250,124

Fannie

Mae

Pool,

3.000%,

01/01/40

230,308‌

287,766

Fannie

Mae

Pool,

2.000%,

08/01/40

247,751‌

3,277

Fannie

Mae

Pool,

4.000%,

09/01/40

3,166‌

64,528

Fannie

Mae

Pool,

4.000%,

09/01/40

62,790‌

184,981

Fannie

Mae

Pool,

2.500%,

10/01/40

164,918‌

275,324

Fannie

Mae

Pool,

3.000%,

10/01/40

250,536‌

223,113

Fannie

Mae

Pool,

2.000%,

11/01/40

191,972‌

136,140

Fannie

Mae

Pool,

2.000%,

01/01/41

117,059‌

44,849

Fannie

Mae

Pool,

4.000%,

01/01/41

43,322‌

24,239

Fannie

Mae

Pool,

4.000%,

01/01/41

23,414‌

4,883

Fannie

Mae

Pool,

4.000%,

01/01/41

4,716‌

362,219

Fannie

Mae

Pool,

2.500%,

02/01/41

321,697‌

330,387

Fannie

Mae

Pool,

1.500%,

03/01/41

273,588‌

205,156

Fannie

Mae

Pool,

2.500%,

03/01/41

182,395‌

431,017

Fannie

Mae

Pool,

2.500%,

09/01/41

379,728‌

450,988

Fannie

Mae

Pool,

2.500%,

10/01/41

398,716‌

8,499

Fannie

Mae

Pool,

4.000%,

10/01/41

8,209‌

270,899

Fannie

Mae

Pool,

2.500%,

11/01/41

237,433‌

17,244

Fannie

Mae

Pool,

3.000%,

09/01/42

15,657‌

293,639

Fannie

Mae

Pool,

3.500%,

09/01/42

274,054‌

161,375

Fannie

Mae

Pool,

3.000%,

04/01/43

146,748‌

34,633

Fannie

Mae

Pool,

3.500%,

01/01/44

32,497‌

318,911

Fannie

Mae

Pool,

3.000%,

04/01/45

289,188‌

29,583

Fannie

Mae

Pool,

3.500%,

12/01/45

27,469‌

86,479

Fannie

Mae

Pool,

3.000%,

04/01/46

77,545‌

162,013

Fannie

Mae

Pool,

2.500%,

05/01/46

139,082‌

112,151

Fannie

Mae

Pool,

3.000%,

06/01/46

101,749‌

82,025

Fannie

Mae

Pool,

3.500%,

06/01/46

76,149‌

59,148

Fannie

Mae

Pool,

3.000%,

10/01/46

52,935‌

5,373

Fannie

Mae

Pool,

3.000%,

11/01/46

4,799‌

159,000

Fannie

Mae

Pool,

3.000%,

02/01/47

142,545‌

597,037

Fannie

Mae

Pool,

4.500%,

04/01/47

581,162‌

674,686

Fannie

Mae

Pool,

2.500%,

11/01/47

583,605‌

238,229

Fannie

Mae

Pool,

2.500%,

12/01/47

206,524‌

43,041

Fannie

Mae

Pool,

3.500%,

03/01/48

39,625‌

173,592

Fannie

Mae

Pool,

2.500%,

04/01/48

150,445‌

92,627

Fannie

Mae

Pool,

3.000%,

04/01/48

82,754‌

253,299

Fannie

Mae

Pool,

3.500%,

08/01/48

235,169‌

89,720

Fannie

Mae

Pool,

3.500%,

11/01/48

82,945‌

7,197

Fannie

Mae

Pool,

4.500%,

11/01/48

7,028‌

115,565

Fannie

Mae

Pool,

3.000%,

12/01/48

103,368‌

38,345

Fannie

Mae

Pool,

3.000%,

02/01/49

34,176‌

15,572

Fannie

Mae

Pool,

3.500%,

02/01/49

14,357‌

North

Square

McKee

Bond

Fund

Schedule

of

Investments

(continued)

July

31,

2024

-

(Unaudited)

Principal

Amount

($)

Fair

Value

430,032

Fannie

Mae

Pool,

3.500%,

09/01/49

$

384,547‌

801,996

Fannie

Mae

Pool,

3.500%,

09/01/49

737,895‌

85,521

Fannie

Mae

Pool,

3.000%,

12/01/49

76,062‌

356,714

Fannie

Mae

Pool,

2.500%,

04/01/50

294,385‌

251,371

Fannie

Mae

Pool,

2.500%,

05/01/50

207,445‌

357,964

Fannie

Mae

Pool,

2.500%,

06/01/50

304,809‌

207,207

Fannie

Mae

Pool,

5.000%,

06/01/50

207,384‌

128,255

Fannie

Mae

Pool,

3.500%,

08/01/50

118,665‌

116,298

Fannie

Mae

Pool,

2.500%,

10/01/50

99,862‌

1,459,992

Fannie

Mae

Pool,

4.500%,

01/01/51

1,423,932‌

354,063

Fannie

Mae

Pool,

2.500%,

02/01/51

299,729‌

326,402

Fannie

Mae

Pool,

2.500%,

02/01/51

277,833‌

281,861

Fannie

Mae

Pool,

2.000%,

03/01/51

231,769‌

316,525

Fannie

Mae

Pool,

2.500%,

06/01/51

268,577‌

658,934

Fannie

Mae

Pool,

2.500%,

06/01/51

559,056‌

1,200,194

Fannie

Mae

Pool,

2.500%,

07/01/51

1,020,368‌

708,661

Fannie

Mae

Pool,

2.500%,

08/01/51

604,990‌

256,390

Fannie

Mae

Pool,

2.500%,

10/01/51

217,492‌

260,491

Fannie

Mae

Pool,

2.000%,

01/01/52

212,107‌

242,091

Fannie

Mae

Pool,

3.000%,

01/01/52

211,335‌

289,248

Fannie

Mae

Pool,

3.500%,

01/01/52

262,944‌

512,059

Fannie

Mae

Pool,

2.000%,

02/01/52

416,734‌

406,084

Fannie

Mae

Pool,

2.000%,

02/01/52

332,147‌

348,874

Fannie

Mae

Pool,

3.000%,

02/01/52

308,155‌

316,778

Fannie

Mae

Pool,

3.500%,

02/01/52

287,020‌

991,406

Fannie

Mae

Pool,

4.500%,

11/01/52

955,837‌

314,091

Fannie

Mae

Pool,

6.500%,

01/01/53

324,122‌

1,610,560

Fannie

Mae

Pool,

6.000%,

06/01/53

1,634,997‌

564,649

Fannie

Mae

Pool,

4.000%,

07/01/53

532,472‌

200,849

Fannie

Mae

Pool,

5.500%,

07/01/53

201,212‌

385,281

Fannie

Mae

Pool,

6.000%,

09/01/53

395,086‌

472,023

Fannie

Mae

Pool,

2.500%,

10/01/53

395,211‌

486,597

Fannie

Mae

Pool,

5.500%,

03/01/54

488,789‌

141,626

Fannie

Mae

Pool,

4.000%,

07/01/56

133,324‌

1,773

Fannie

Mae

REMICS,

5.500%,

01/25/26

1,764‌

77,796

Fannie

Mae

REMICS,

4.000%,

04/25/33

76,593‌

2,887

Fannie

Mae

REMICS,

5.000%,

08/25/35

2,921‌

228,000

Fannie

Mae

REMICS,

3.500%,

10/25/37

218,509‌

32,198

Fannie

Mae

REMICS,

2.000%,

12/25/41

29,479‌

97,912

Fannie

Mae

REMICS,

3.500%,

02/25/43

92,320‌

349,902

Fannie

Mae

REMICS,

3.000%,

06/25/43

339,936‌

2,173

Fannie

Mae

REMICS,

3.500%,

08/25/43

2,150‌

62,297

Fannie

Mae

REMICS,

2.000%,

10/25/44

55,963‌

1,047,343

Fannie

Mae

REMICS  Series

2005-W1

Class

1A1,

6.000%,

10/25/44

1,083,114‌

31,332

Fannie

Mae

REMICS,

3.000%,

04/25/45

29,321‌

North

Square

McKee

Bond

Fund

Schedule

of

Investments

(continued)

July

31,

2024

-

(Unaudited)

Principal

Amount

($)

Fair

Value

72,536

Fannie

Mae

REMICS,

3.500%,

09/25/48

$

69,228‌

58,664

Fannie

Mae

REMICS,

3.000%,

07/25/49

52,023‌

163,323

Fannie

Mae

REMICS,

2.000%,

03/25/50

137,142‌

358,305

Fannie

Mae

REMICS,

5.000%,

01/25/53

352,364‌

8,428

Fannie

Mae

REMICS,

3.500%,

06/25/53

8,062‌

525,974

Fannie

Mae

REMICS

2026A,

5.000%,

07/25/51

522,357‌

11,256

Fannie

Mae

Trust

2003-W8,

5.812%,

05/25/42

11,209‌

1,066,000

Federal

Farm

Credit

Banks

Funding

Corp.,

5.520%,

05/29/29

1,070,216‌

822,000

Federal

Farm

Credit

Banks

Funding

Corp.,

1.670%,

03/03/31

696,786‌

810,000

Federal

Farm

Credit

Banks

Funding

Corp.,

5.740%,

01/30/32

809,067‌

2,241,000

Federal

Farm

Credit

Banks

Funding

Corp.,

5.950%,

07/11/33

2,241,513‌

1,145,000

Federal

Farm

Credit

Banks

Funding

Corp.,

5.980%,

12/27/33

1,145,040‌

15,000

Federal

Farm

Credit

Banks

Funding

Corp.,

2.480%,

01/19/34

12,588‌

1,205,000

Federal

Home

Loan

Banks,

5.920%,

05/23/34

1,207,157‌

651,000

Federal

Home

Loan

Mortgage

Corp.,

5.700%,

01/26/29

650,952‌

555,000

Federal

Home

Loan

Mortgage

Corp.,

1.500%,

10/29/32

443,116‌

2,410,000

Federal

National

Mortgage

Association,

1.630%,

09/14/35

1,789,391‌

49,038

Freddie

Mac

Gold

Pool,

4.500%,

05/01/31

48,886‌

4,298

Freddie

Mac

Gold

Pool,

4.000%,

09/01/31

4,229‌

32,862

Freddie

Mac

Gold

Pool,

3.500%,

06/01/33

31,721‌

85,498

Freddie

Mac

Gold

Pool,

4.000%,

11/01/33

84,113‌

11,689

Freddie

Mac

Gold

Pool,

3.500%,

07/01/36

11,209‌

19,302

Freddie

Mac

Gold

Pool,

4.000%,

01/01/41

18,668‌

36,486

Freddie

Mac

Gold

Pool,

3.000%,

11/01/42

33,170‌

75,631

Freddie

Mac

Gold

Pool,

3.500%,

12/01/42

70,919‌

227,889

Freddie

Mac

Gold

Pool,

3.000%,

12/01/46

204,383‌

1,612,689

Freddie

Mac

Gold

Pool,

3.000%,

12/01/46

1,445,089‌

57,463

Freddie

Mac

Gold

Pool,

3.000%,

01/01/47

51,491‌

519,554

Freddie

Mac

Pool,

2.500%,

03/15/28

445,094‌

283,231

Freddie

Mac

Pool,

3.500%,

06/15/29

258,955‌

447,945

Freddie

Mac

Pool,

2.000%,

09/01/36

400,909‌

277,315

Freddie

Mac

Pool,

3.000%,

07/01/38

259,287‌

187,524

Freddie

Mac

Pool,

4.500%,

05/01/39

185,209‌

376,713

Freddie

Mac

Pool,

3.000%,

09/01/39

346,640‌

148,566

Freddie

Mac

Pool,

2.500%,

04/01/42

129,497‌

766,204

Freddie

Mac

Pool,

5.500%,

05/01/43

776,999‌

29,903

Freddie

Mac

Pool,

3.500%,

01/01/48

27,645‌

130,727

Freddie

Mac

Pool,

2.000%,

08/01/50

106,905‌

232,427

Freddie

Mac

Pool,

2.500%,

11/01/50

197,525‌

180,867

Freddie

Mac

Pool,

2.500%,

12/01/50

153,626‌

305,308

Freddie

Mac

Pool,

2.000%,

02/01/51

247,872‌

437,962

Freddie

Mac

Pool,

2.500%,

03/01/51

373,166‌

250,260

Freddie

Mac

Pool,

2.000%,

05/01/51

203,931‌

788,813

Freddie

Mac

Pool,

2.500%,

05/01/51

663,634‌

465,803

Freddie

Mac

Pool,

2.500%,

09/01/51

397,170‌

971,803

Freddie

Mac

Pool,

3.500%,

09/01/51

899,634‌

North

Square

McKee

Bond

Fund

Schedule

of

Investments

(continued)

July

31,

2024

-

(Unaudited)

Principal

Amount

($)

Fair

Value

375,349

Freddie

Mac

Pool,

2.000%,

11/01/51

$

303,335‌

474,678

Freddie

Mac

Pool,

3.000%,

12/01/51

414,955‌

217,226

Freddie

Mac

Pool,

2.500%,

02/01/52

183,291‌

516,111

Freddie

Mac

Pool,

2.500%,

04/01/52

434,567‌

298,401

Freddie

Mac

Pool,

3.500%,

05/01/52

271,539‌

432,975

Freddie

Mac

Pool,

3.000%,

08/01/52

380,789‌

377,184

Freddie

Mac

Pool,

4.000%,

09/01/52

352,596‌

1,379,111

Freddie

Mac

Pool,

4.000%,

11/01/52

1,288,738‌

486,677

Freddie

Mac

Pool,

5.000%,

12/01/52

487,280‌

539,731

Freddie

Mac

Pool,

6.000%,

02/01/53

552,723‌

338,712

Freddie

Mac

Pool,

6.000%,

05/01/53

344,495‌

282,538

Freddie

Mac

Pool,

5.500%,

06/01/53

282,895‌

444,457

Freddie

Mac

Pool,

5.500%,

09/01/53

448,495‌

1,363,426

Freddie

Mac

Pool,

5.500%,

03/01/54

1,364,849‌

2,842

Freddie

Mac

REMICS,

4.500%,

09/15/25

2,824‌

78,352

Freddie

Mac

REMICS,

3.500%,

08/15/27

77,533‌

79,107

Freddie

Mac

REMICS,

3.000%,

08/15/40

77,124‌

12,246

Freddie

Mac

REMICS,

2.000%,

12/15/41

11,346‌

41,437

Freddie

Mac

REMICS,

3.000%,

05/15/43

40,195‌

14,061

Freddie

Mac

REMICS,

3.000%,

11/15/43

13,743‌

76,029

Freddie

Mac

REMICS,

2.000%,

03/25/44

70,559‌

149,158

Freddie

Mac

REMICS,

3.000%,

08/15/44

143,565‌

256,709

Freddie

Mac

REMICS,

2.000%,

05/25/46

224,717‌

259,307

Freddie

Mac

REMICS,

3.000%,

06/25/48

237,378‌

115,032

Freddie

Mac

REMICS,

1.000%,

04/25/49

93,088‌

50,001

Freddie

Mac

REMICS,

1.000%,

01/25/50

37,422‌

374,370

Freddie

Mac

REMICS,

1.000%,

09/25/50

280,495‌

154,993

Freddie

Mac

REMICS,

3.250%,

04/15/53

149,455‌

32,183

Freddie

Mac

REMICS,

3.000%,

01/15/55

30,950‌

810,015

Freddie

Mac

REMICS

5100,

1.500%,

02/25/49

658,809‌

1,756,705

Freddie

Mac

REMICS

5149,

5.500%,

09/25/49

1,763,457‌

85,030

Freddie

Mac

Structured

Pass-Through

Certificates,

6.553%,

07/25/44

(b)

78,714‌

13,541

Freddie

Mac

Structured

Pass-Through

Certificates,

6.353%,

10/25/44

(b)

12,250‌

4,006

Ginnie

Mae

I

Pool,

4.000%,

11/15/24

3,989‌

286,615

Ginnie

Mae

I

Pool,

3.020%,

09/15/41

262,357‌

279,228

Ginnie

Mae

I

Pool,

3.000%,

08/15/45

252,253‌

40,762

Ginnie

Mae

II

Pool,

3.500%,

04/20/27

40,048‌

14,905

Ginnie

Mae

II

Pool,

3.500%,

07/20/27

14,590‌

484,512

Ginnie

Mae

II

Pool,

3.500%,

12/20/34

467,306‌

48,378

Ginnie

Mae

II

Pool,

5.000%,

07/20/48

48,576‌

356,681

Ginnie

Mae

II

Pool,

3.500%,

01/20/50

329,951‌

1,279,271

Ginnie

Mae

II

Pool,

2.000%,

03/20/51

1,045,389‌

447,299

Ginnie

Mae

II

Pool,

2.500%,

09/20/51

375,470‌

345,061

Ginnie

Mae

II

Pool,

5.500%,

09/01/53

347,765‌

North

Square

McKee

Bond

Fund

Schedule

of

Investments

(continued)

July

31,

2024

-

(Unaudited)

Principal

Amount

($)

Fair

Value

488,833

Ginnie

Mae

II

Pool,

6.000%,

09/20/53

$

495,507‌

40

Government

National

Mortgage

Association,

5.000%,

12/20/27

39‌

408,880

Government

National

Mortgage

Association,

5.500%,

11/20/33

412,331‌

257,142

Government

National

Mortgage

Association,

6.000%,

03/20/42

259,482‌

81,016

Government

National

Mortgage

Association,

2.750%,

06/20/42

78,010‌

8,291

Government

National

Mortgage

Association,

2.250%,

09/16/44

7,923‌

583,183

Government

National

Mortgage

Association,

2.000%,

03/20/45

523,978‌

282,857

Government

National

Mortgage

Association,

3.500%,

07/20/45

262,344‌

6,404

Government

National

Mortgage

Association,

2.500%,

10/20/45

6,217‌

14,983

Government

National

Mortgage

Association,

2.500%,

09/20/46

14,278‌

338,118

Government

National

Mortgage

Association,

2.000%,

03/20/50

283,122‌

124,634

Government

National

Mortgage

Association,

1.000%,

08/20/50

95,688‌

148,918

Government

National

Mortgage

Association,

1.250%,

05/20/51

117,063‌

1,581,590

Government

National

Mortgage

Association,

1.750%,

09/20/51

1,350,348‌

505,759

Government

National

Mortgage

Association

2024-020,

5.500%,

02/20/54

511,043‌

413,000

Morgan

Stanley

Capital

I

Trust

2016-UBS12,

3.596%,

12/17/49

394,622‌

337,000

Morgan

Stanley

Capital

I

Trust

2016-UBS9,

3.594%,

03/17/49

325,277‌

925,000

PSMC

2020-3

Trust,

3.000%,

11/25/50

(a)

733,702‌

430,000

RLGH

Trust

2021-TROT,

6.243%,

04/15/36

(a)

425,963‌

73,095

Seasoned

Credit

Risk

Transfer

Trust,

2.000%,

11/25/60

64,428‌

334,000

UBS

Commercial

Mortgage

Trust,

2.921%,

10/18/52

299,796‌

406,146

UMBS

Freddie

Mac

Pool,

5.000%,

07/01/53

405,237‌

351,000

Wells

Fargo

Commercial

Mortgage

Trust,

3.635%,

03/15/50

332,245‌

160,000

Wells

Fargo

Commercial

Mortgage

Trust

2016-C35,

2.931%,

07/17/48

152,994‌

140,298

Wells

Fargo

Commercial

Mortgage

Trust

2021-SAVE,

6.593%,

02/15/40

(a),(b)

139,167‌

TOTAL

MORTGAGE-BACKED

SECURITIES

(Cost $69,947,728)

67,502,303‌

North

Square

McKee

Bond

Fund

Schedule

of

Investments

(continued)

July

31,

2024

-

(Unaudited)

Principal

Amount

($)

Fair

Value

NON

U.S.

GOVERNMENT

&

AGENCIES

—

1.8%

SUPRANATIONAL

—

1.8%

509,000

International

Bank

for

Reconstruction

&

Development

5.7500

06/27/33

$

512,328‌

380,000

International

Bank

for

Reconstruction

&

Development

5.7500

08/26/33

383,424‌

1,913,000

International

Bank

for

Reconstruction

&

Development

2.7000

12/28/37

1,545,605‌

TOTAL

NON

U.S.

GOVERNMENT

&

AGENCIES

(Cost $2,688,512)

2,441,357‌

Principal

Amount

($)

Fair

Value

U.S.

GOVERNMENT

&

AGENCIES

—

14.2%

U.S.

TREASURY

BONDS

—

8.1%

1,887,000

United

States

Treasury

Bond,

2.750%,

11/15/42

1,486,307‌

2,573,000

United

States

Treasury

Bond,

4.750%,

11/15/53

2,747,080‌

4,213,000

United

States

Treasury

Bond,

4.250%,

02/15/54

4,125,449‌

2,671,000

United

States

Treasury

Note/Bond,

4.625%,

05/15/44

2,743,409‌

11,102,245‌

U.S.

TREASURY

NOTES

—

6.1%

5,041,000

United

States

Treasury

Note,

4.625%,

04/30/31

5,237,422‌

3,345,000

United

States

Treasury

Note,

1.875%,

02/15/32

2,886,238‌

266,000

United

States

Treasury

Note/Bond,

4.375%,

05/15/34

272,837‌

8,396,497‌

TOTAL

U.S.

GOVERNMENT

&

AGENCIES

(Cost $19,074,726)

19,498,742‌

Shares

Fair

Value

SHORT-TERM

INVESTMENTS

—

1.1%

1,447,965‌

First

American

Treasury

Obligations

Fund,

Class

X,

5.20%

(Cost

$1,447,965)

(c)

1,447,965‌

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $1,447,965)

1,447,965‌

TOTAL

INVESTMENTS

-

99.1%

(Cost

$138,456,522)

$

136,512,867‌

Other

Assets

in

Excess

of

Liabilities-

0.9%

1,201,608‌

NET

ASSETS

-

100.0%

$

137,714,475‌

(a)

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

July

31,

2024

the

total

market

value

of

144A

securities

is

6,330,777

or

4.6%

of

net

assets.

North

Square

McKee

Bond

Fund

Schedule

of

Investments

(continued)

July

31,

2024

-

(Unaudited)

(b)

Variable

rate

security.

Interest

rate

resets

periodically.

The

rate

shown

is

the

effective

interest

rate

as

of

April

30,

2024.

For

securities

based

on

a

published

reference

rate

and

spread,

the

reference

rate

and

spread

(in

basis

points)

are

indicated

parenthetically.

Certain

variable

rate

securities

are

not

based

on

a

published

reference

rate

and

spread

but

are

determined

by

the

issuer

or

agent

and

are

based

on

current

market

conditions.

These

securities,

therefore,

do

not

indicate

a

reference

rate

and

spread.

(c)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

July

31,

2024.

North

Square

Strategic

Income

Fund

Schedule

of

Investments

July

31,

2024

-

(Unaudited)

Shares

Fair

Value

COMMON

STOCKS

—

1.8%

MATERIALS

-

1.1%

METALS

&

MINING

-

1.1%

13,773

Agnico

Eagle

Mines

Ltd.

$

1,062,862

51,186

Alamos

Gold,

Inc.,

Class

A

871,698

1,934,560

TOTAL

MATERIALS

1,934,560

TECHNOLOGY

-

0.7%

SEMICONDUCTORS

-

0.7%

7,843

Qualcomm,

Inc.

1,419,191

TOTAL

TECHNOLOGY

1,419,191

TOTAL

COMMON

STOCKS

(Cost $2,598,402)

3,353,751

Shares

Fair

Value

PREFERRED

STOCKS

—

1.0%

FINANCIALS

—

1.0%

SPECIALTY

FINANCE

—

1.0%

2,000,000

American

Express

Co.,

3.55%,

12/31/49

1,872,449

TOTAL

PREFERRED

STOCKS

(Cost $1,760,147)

1,872,449

North

Square

Strategic

Income

Fund

Schedule

of

Investments

(continued)

July

31,

2024

-

(Unaudited)

Principal

Amount

($)

Fair

Value

ASSET

BACKED

SECURITIES

—

6.6%

1,174,019

Aegis

Asset

Backed

Securities

Trust

2005-2,

6.184%,

06/25/35

$

1,103,853

1,698,000

Aligned

Data

Centers

Issuer

LLC,

1.937%,

08/15/46

(a)

1,584,878

312,995

Ameriquest

Asset-Backed

Pass-Through

Certs,

Series

2004-

R2,

6.109%,

04/25/34

308,178

2,285,000

BXP

Trust

2017-CQHP,

6.226%,

11/15/34

(a),(b)

2,141,771

3,200,000

CyrusOne

Data

Centers

Issuer

I

LLC,

4.500%,

05/20/29

(a)

3,033,552

632,547

FBR

Securitization

Trust,

6.169%,

11/26/35

621,019

1,380,000

HI-FI

Music

IP

Issuer

LP,

3.939%,

02/01/62

(a)

1,317,120

190,659

HSI

Asset

Securitization

Corp.

Trust

2006-OPT3,

6.004%,

02/25/36

186,777

226,296

JPMorgan

Mortgage

Acquisition

Trust

2006-CH1,

5.944%,

07/25/36

223,662

366,862

JPMorgan

Mortgage

Acquisition

Trust

2007-CH3,

5.724%,

03/25/37

360,449

378,910

Libra

Solutions

2023-1

LLC,

7.000%,

02/15/25

(a)

378,604

798,331

Long

Beach

Mortgage

Loan

Trust

2005-1,

6.739%,

02/25/35

783,210

423,084

Renaissance

Home

Equity

Loan

Trust

2005-3,

5.140%,

11/25/35

419,232

TOTAL

ASSET

BACKED

SECURITIES

(Cost $12,403,911)

12,462,305

Principal

Amount

($)

Fair

Value

CORPORATE

BONDS

—

41.5%

COMMUNICATIONS

—

1.2%

ENTERTAINMENT

CONTENT

—

1.2%

2,500,000

Paramount

Global,

6.250%,

02/28/57

(c)

2,185,038

CONSUMER

DISCRETIONARY

—

1.2%

AUTOMOTIVE

—

1.2%

2,371,000

General

Motors

Financial

Co.,

Inc.,

5.750%,

Perpetual

2,257,169

ENERGY

—

2.9%

OIL

&

GAS

PRODUCERS

—

2.9%

2,000,000

Enbridge,

Inc.,

7.200%,

06/27/54

2,040,388

3,000,000

Energy

Transfer

LP,

6.625%,

Perpetual

(b)

2,952,482

500,000

TransCanada

Trust,

5.300%,

03/15/77

472,566

5,465,436

FINANCIALS

—

28.4%

ASSET

MANAGEMENT

—

28.4%

North

Square

Strategic

Income

Fund

Schedule

of

Investments

(continued)

July

31,

2024

-

(Unaudited)

Principal

Amount

($)

Fair

Value

3,112,000

Ally

Financial,

Inc.,

4.700%,

Perpetual

(c)

$

2,862,835

2,000,000

Banco

Santander

SA,

4.750%,

Perpetual

1,848,422

2,000,000

BNP

Paribas

SA,

4.500%,

Perpetual

(a)

1,652,493

3,000,000

Capital

One

Financial

Corp.,

3.950%,

Perpetual

2,776,344

2,750,000

Citigroup,

Inc.,

4.150%,

Perpetual

(b)

2,556,861

3,100,000

Citizens

Financial

Group,

Inc.,

4.000%,

Perpetual

(b)

2,819,582

2,926,000

Comerica,

Inc.,

5.625%,

Perpetual

2,868,541

1,800,000

Commerzbank

AG,

4.250%,

Perpetual

1,748,231

1,800,000

Deutsche

Bank

AG,

4.789%,

Perpetual

1,728,378

3,512,000

Discover

Financial

Services,

5.500%,

Perpetual

(c)

3,183,296

2,920,000

Goldman

Sachs

Group,

Inc.

(The),

4.125%,

Perpetual

2,737,425

990,000

Huntington

Bancshares,

Inc.,

4.045%,

Perpetual

913,296

4,385,000

ING

Groep

NV,

3.875%,

Perpetual

3,799,055

2,700,000

KeyCorp,

5.000%,

Perpetual

2,475,048

1,650,000

Lloyds

Banking

Group

PLC,

8.000%,

Perpetual

(c)

1,717,353

3,000,000

M&T

Bank

Corp.,

5.125%,

Perpetual

2,876,831

3,000,000

NatWest

Group

PLC,

4.600%,

Perpetual

2,466,370

2,000,000

PNC

Financial

Services

Group,

Inc.,

3.400%,

Perpetual

1,793,165

2,000,000

Svenska

Handelsbanken

AB,

4.750%,

Perpetual

1,750,943

3,720,000

Truist

Financial

Corp.,

4.800%,

Perpetual

3,673,516

4,000,000

UBS

Group

AG,

4.375%,

Perpetual

3,351,784

2,649,000

US

Bancorp,

3.700%,

Perpetual

(b)

2,403,236

54,003,005

INDUSTRIALS

—

1.0%

MACHINERY

—

1.0%

2,015,000

Stanley

Black

&

Decker,

Inc.,

4.000%,

03/15/60

1,864,326

UTILITIES

—

6.8%

ELECTRIC

UTILITIES

—

6.8%

2,000,000

Algonquin

Power

&

Utilities,

Corp.,

4.750%,

01/18/82

1,830,316

1,000,000

American

Electric

Power

Co.,

Inc.,

6.950%,

12/15/54

1,014,054

4,000,000

American

Electric

Power

Co.,

Inc.,

3.875%,

02/15/62

3,742,567

1,000,000

CMS

Energy

Corp.,

4.750%,

06/01/50

(c)

927,185

2,500,000

Emera

,

Inc.,

6.750%,

Perpetual

2,496,253

1,000,000

NextEra

Energy

Capital

Holdings,

Inc.,

3.800%,

03/15/82

936,030

1,040,000

Vistra

Corp.,

8.875%,

12/31/49

1,095,621

North

Square

Strategic

Income

Fund

Schedule

of

Investments

(continued)

July

31,

2024

-

(Unaudited)

Principal

Amount

($)

Fair

Value

874,000

Vistra

Corp.,

7.000%,

(H15T5Y

+

5.740%),

Perpetual

(a),(c)

$

879,728

12,921,754

TOTAL

CORPORATE

BONDS

(Cost $72,021,256)

78,696,728

Principal

Amount

($)

Fair

Value

MORTGAGE-BACKED

SECURITIES

—

31.2%

171,229

Colony

Multifamily

Mortgage

Trust

2014-1,

7.347%,

02/20/29

(a)

170,413

2,069,447

Fannie

Mae

Pool,

3.000%,

07/01/52

1,803,925

2,427,516

Fannie

Mae

Pool,

5.000%,

07/01/52

2,391,747

1,611,405

Fannie

Mae

Pool,

6.000%,

10/01/53

1,634,056

3,665,217

Fannie

Mae-Aces,

1.501%,

08/25/28

(c)

150,021

1,420,800

Fannie

Mae-Aces,

0.750%,

09/25/28

1,318,544

2,753,558

Fannie

Mae-Aces,

1.373%,

03/26/29

(c)

120,231

333,475

Fannie

Mae-Aces,

1.000%,

11/25/33

326,029

19,364,055

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates,

1.109%,

01/25/26

(c)

166,984

98,221

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates,

1.298%,

12/25/26

95,367

39,708,948

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates,

1.620%,

01/25/27

(c)

1,123,025

30,000,000

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates,

0.608%,

03/25/27

(c)

365,094

30,893,000

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates,

0.605%,

08/25/27

(c)

409,474

797,971

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates,

1.679%,

12/25/27

(c)

745,415

120,808,239

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates,

0.261%,

09/25/28

667,248

7,690,000

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates,

1.826%,

10/27/28

446,994

25,000,000

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates,

1.979%,

04/27/29

(c)

1,110,540

7,570,000

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates,

1.915%,

04/25/30

(c)

666,949

7,249,000

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates,

1.985%,

04/25/30

(c)

662,206

17,167,645

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates,

1.525%,

07/25/30

(c)

1,135,015

3,332,000

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates,

1.703%,

08/25/30

(c)

273,161

North

Square

Strategic

Income

Fund

Schedule

of

Investments

(continued)

July

31,

2024

-

(Unaudited)

Principal

Amount

($)

Fair

Value

3,455,000

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates,

2.822%,

10/25/30

$

484,986

125,870,000

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates,

0.003%,

05/25/33

616,763

1,835,000

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates,

3.287%,

04/25/48

(c)

279,746

2,750,000

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates,

2.722%,

01/25/49

(c)

360,476

1,715,000

Freddie

Mac

Multifamily

Structured

Pass

Through

Certificates,

2.710%,

02/25/49

(c)

230,753

1,871,920

Freddie

Mac

Pool,

4.500%,

02/01/53

1,797,895

1,820,386

Freddie

Mac

Pool,

5.000%,

06/01/53

1,794,537

2,804,233

Freddie

Mac

Pool,

5.500%,

06/01/53

2,817,042

3,111,107

Freddie

Mac

Pool,

5.500%,

08/01/53

3,116,249

3,072,579

Freddie

Mac

Pool,

6.000%,

11/01/53

3,133,074

1,740,641

Freddie

Mac

Pool,

6.500%,

12/01/53

1,788,782

1,445,000

FREMF

2016-K55

Mortgage

Trust,

4.302%,

04/25/49

(a)

1,405,815

296,653,601

FREMF

2016-K59

Mortgage

Trust,

0.100%,

11/25/49

(a),(c)

467,467

1,920,879

Ginnie

Mae

II

Pool,

3.000%,

08/20/52

1,710,931

2,625,037

Ginnie

Mae

II

Pool,

3.000%,

09/20/52

2,338,131

3,556,315

Ginnie

Mae

II

Pool,

3.500%,

02/20/53

3,276,409

3,515,713

Ginnie

Mae

II

Pool,

2.500%,

03/20/53

3,020,433

1,310,309

Government

National

Mortgage

Association,

0.772%,

12/16/56

(c)

50,632

14,458,309

Government

National

Mortgage

Association,

1.271%,

09/16/60

(c)

1,263,039

1,220,678

Government

National

Mortgage

Association,

1.064%,

11/16/60

(c)

95,079

11,435,875

Government

National

Mortgage

Association,

0.976%,

05/16/63

(c)

796,129

7,155,178

Government

National

Mortgage

Association,

0.986%,

05/16/63

(c)

518,236

15,986,471

Government

National

Mortgage

Association,

0.992%,

05/16/63

(c)

1,157,291

1,500,000

Independence

Plaza

Trust

2018-INDP,

4.158%,

07/12/35

(a)

1,392,024

2,514,533

UMBS

Fannie

Mae

Pool,

5.000%,

03/01/53

2,487,486

3,844,413

UMBS

Fannie

Mae

Pool,

4.500%,

07/01/53

3,704,194

3,103,098

UMBS

Freddie

Mac

Pool,

5.500%,

05/01/54

3,115,978

TOTAL

MORTGAGE-BACKED

SECURITIES

(Cost $58,253,352)

59,002,015

North

Square

Strategic

Income

Fund

Schedule

of

Investments

(continued)

July

31,

2024

-

(Unaudited)

Principal

Amount

($)

Fair

Value

U.S.

GOVERNMENT

&

AGENCIES

—

9.0%

U.S.

TREASURY

INFLATION

PROTECTED

—

6.9%

9,105,000

United

States

Treasury

Inflation

Indexed

Bonds,

2.125%,

04/15/29

$

9,382,336

3,720,000

United

States

Treasury

Inflation

Indexed

Bonds,

1.750%,

01/15/34

3,765,752

13,148,088

U.S.

TREASURY

NOTES

—

2.1%

3,865,000

United

States

Treasury

Note/Bond,

4.875%,

05/31/26

3,901,159

TOTAL

U.S.

GOVERNMENT

&

AGENCIES

(Cost $16,808,023)

17,049,247

Shares

Fair

Value

SHORT-TERM

INVESTMENTS

—

6.2%

11,719,742

First

American

Treasury

Obligations

Fund,

Class

X,

5.20%

(Cost

$11,719,742)

(d)

11,719,742

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $11,719,742)

11,719,742

Contracts

Description

Expiration

Date

Exercise

Price

Notional

Value

Fair

Value

CALL

OPTIONS

PURCHASED

-

0.7%

600

S&P

500

Index

09/23/2024

$

5,700

$

331,338,000

$

1,410,000

TOTAL

CALL

OPTIONS

PURCHASED

(Cost

-

$812,500)

1,410,000

TOTAL

INVESTMENTS

-

98.0%

(Cost

$176,377,333)

$

185,566,237

Other

Assets

in

Excess

of

Liabilities-

2.0%

(e)

3,760,025

NET

ASSETS

-

100.0%

$

189,326,262

(a)

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

July

31,

2024

the

total

market

value

of

144A

securities

is

14,423,865

or

7.6%

of

net

assets.

(b)

Step-up

bond.

The

interest

rate

shown

is

the

rate

in

effect

as

of

July

31,

2024.

(c)

Variable

rate

security;

the

rate

shown

represents

the

rate

on

July

31,

2024.

(d)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

July

31,

2024.

(e)

Includes

cash

held

as

margin

for

derivative

contracts.

North

Square

Strategic

Income

Fund

Schedule

of

Futures

Contracts

July

31,

2024

-

(Unaudited)

Long

Contracts

Contracts

Expiration

Date

Notional

Amount

Value

and

Unrealized

Appreciation

(Depreciation)

10

Year

US

Treasury

Note

Future

189

09/20/2024

$

21,132,563‌

$

532,481‌

2

Year

US

Treasury

Note

Future

138

10/01/2024

28,340,672‌

150,662‌

3

Year

US

Treasury

Note

Future

57

10/01/2024

11,962,430‌

140,770‌

5

Year

US

Treasury

Note

Future

461

10/01/2024

49,737,578‌

917,143‌

Japanese

Yen

Future

42

09/17/2024

3,513,300‌

124,483‌

1,865,539‌

Short

Contracts

Contracts

Expiration

Date

Notional

Amount

Value

and

Unrealized

Appreciation

(Depreciation)

E-mini

S&P

500

Future

(156)

09/23/2024

$

(43,352,400‌)

$

(79,262‌)

Euro

FX

Future

(63)

09/17/2024

(8,544,375‌)

(62,263‌)

Ultra

10

Year

US

Treasury

Note

Future

(21)

09/20/2024

(2,427,141‌)

(69,891‌)

US

Treasury

Long

Bond

Future

(163)

09/20/2024

(19,687,344‌)

(698,749‌)

(910,165‌)

CREDIT

DEFAULT

SWAP

AGREEMENTS

Description

Counterparty

Fixed

Deal

(Pay)

Rate

Maturity

Date

Notional

Value

Fair

Value

Amortized

Upfront

Payments

Paid

Unrealized

CDS

JUN

29

CDXHYS42

HSBC

Securities

5.00%

6/20/2029

$

7,000,000

(495,029‌)

(452,722‌)

$

(42,307‌)

CDX.NA.IG

SERIES

42

JPMT

1.00%

6/20/2029

60,000,000

(1,049,789‌)

(1,333,768‌)

283,979‌

$

241,672‌