ADVGX Fees and Costs — North Square Select Small Cap Fund (formerly North Square Advisory Research Small Cap Value Fund), Class I
Data updated: 2026-09-25
The net expense ratio is 0.94%: a 0.70% management fee plus 0.42% other expenses, less a 0.18% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $41K in broker commissions, 0.1704% of average net assets, and portfolio turnover was 43%.
ADVGX Fees and Expenses
Annual operating expenses and sales charges of ADVGX. Prospectus, as of September 25, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | — |
| Other expenses | 0.42% |
| Gross expense ratio | 1.12% |
| Fee waiver | −0.18% |
| Net expense ratio | 0.94% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
ADVGX Costs Over Time
On $10,000 invested in ADVGX, assuming 5% a year before costs, total costs come to $693 over 5 years, cutting the return by 1.17% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.94%) | $99 | $308 | $533 |
| Trading costs (broker commissions) | $18 | $56 | $97 |
| Lost growth on money paid in costs | $0 | $18 | $64 |
| Total costs | $117 | $381 | $693 |
| Value after costs | $10,383 | $11,195 | $12,070 |
| Impact on return, per year | 1.17% | 1.17% | 1.17% |
ADVGX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.1704%
- Total broker commissions: $41K
- Bought from dealers (principal trades, not a cost): $340K
- Portfolio turnover (prospectus): 43%
- Securities lending: none during the year
ADVGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $28K | 67.49% |
| ROBERT W BAIRD & CO INCORPORATED | $8K | 19.08% |
| STEPHENS INC | $5K | 12.43% |
| KEYBANC CAPITAL MARKETS INC | $413 | 1.00% |
ADVGX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $263K | 100.00% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.