North Square Core Plus Bond Fund

C000224844 Fund Overview

North Square Core Plus Bond Fund is a US mutual fund managed by Exchange Place Advisors Trust, categorised as Long Total / Aggregate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Exchange Place Advisors Trust
• Category: Long Total / Aggregate Bond
• Assets under management: $23.38M
• 1-year return: -48.0%
• SEC CIK: 0001750821
• SEC series ID: S000070730
• Share class ID: C000224844

C000224844 Investment Objective and Strategy

North Square Core Plus Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Exchange Place Advisors Trust.

Investment objective

The investment objectives of the North Square Core Plus Bond Fund (the Fund) are to seek high current income and long-term capital appreciation.

Principal investment strategy

In seeking to achieve the Funds investment objectives, the Adviser has selected CSM Advisors, LLC (CSM), an affiliate of, and under common control with, the Adviser, and Red Cedar Investment Management, LLC (Red Cedar) (each, a Sub-Adviser and together, the Sub-Advisers) to serve as the Funds investment sub-advisers and allocates the Funds assets to the Sub-Advisers. The Adviser is responsible for establishing the target allocation of the Funds assets to each Sub-Adviser and may adjust the target allocations at its discretion. As of the date of this Prospectus, t he anticipated target allocations to each Sub-Adviser are indicated in the below table. The Adviser is responsible for establishing the target allocations of the Funds assets to each Sub-Adviser and such allocations may change in the future.

Sub-Adviser Target Asset Allocation Investment Style CSM Advisors, LLC 65% Core Red Cedar Investment Management, LLC 35% Plus To pursue its objectives, under normal market conditions, the Fund will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in bonds. Under normal market conditions, the Fund will invest at least 65% of its net assets in investment grade debt securities. Securities in which the Fund may invest include U.S. Treasury and U.S. government agency securities, investment grade corporate debt instruments, investment grade preferred securities, investment grade municipal bonds, mortgage-backed (including collateralized mortgage backed-securities), asset-backed securities, collateralized loan obligations, bank loans, and below investment grade securities.

Investment grade securities are those rated at the time of acquisition Baa3 or higher by Moodys Investors Service, Inc. (Moodys), or BBB- or higher by Standard & Poors, a division of McGraw Hill Companies Inc. (S&P), or Fitch Ratings Ltd. (Fitch) or, if unrated by S&P, Moodys or Fitch, determined by CSM or Red Cedar to be of comparable quality. The Fund may invest over 25% of its net assets in the financials sector. Below investment grade securities, also known as high yield or junk securities, will not exceed 35% of the Funds net assets at the time of purchase. The Fund may invest in debt securities of any maturity. The Fund will seek to maintain an effective duration within 75% to 125% of that of its benchmark, the Bloomberg US Aggregate Bond Index. CSM focuses on investment in investment grade securities and attempts to diversify the Funds portfolio by holding debt obligations of various issuers in a variety of sectors.

Red Cedar focuses on investment in below investment grade securities sourced from multiple asset classes, including preferred securities, structured credit (e.g., asset-backed securities, mortgage-backed securities and commercial backed corporate securities), traditional corporate high yield securities, bank loans and collateralized loan obligations. Red Cedars Plus investment strategy involves tactical and strategic allocation changes among these asset classes based on Red Cedars analysis of relative value. As the market and economy change, those asset classes may be rotated into more traditional high yield or rising stars in the corporate bond market. Rising stars are securities which exhibit improving fundamentals and are anticipated by Red Cedar to receive a ratings upgrade from high yield to investment grade in the foreseeable future.

The Fund will utilize derivatives, including futures, forward contracts, options, swaps, and other various derivative products. The Funds use of derivative instruments may be for investment purposes for enhancing returns, hedging against market risks, or providing synthetic exposure to specific industries or securities. The Fund intends to use futures and swaps to hedge against general market risk, while it intends to use interest rate swaps and credit default swaps to hedge against interest rate risk and credit risk, respectively. The Fund will use options to hedge against market risk and to enhance returns and gain synthetic exposure to a security without holding the underlying asset. Other uses of derivatives may be employed as deemed appropriate by a Sub-Adviser. The Fund may invest its assets in securities of non-U.S.

issuers. The Funds investments in foreign securities may include non-U.S. dollar-denominated securities traded outside of the United States or U.S. dollar-denominated securities. The Fund may invest up to 20% of its net assets in non-U.S. dollar-denominated securities. Red Cedar employs a derivatives overlay strategy to, among other things, adjust the risk profile of the Funds portfolio. Within the Plus sleeve, Red Cedar may seek to mitigate undesired risk exposures through hedges, including, among other strategies, the purchase of credit default swap contracts and foreign currency futures. In addition, the derivatives overlay strategy may also be used for duration and currency management. Red Cedar seeks to target the desired duration and term structure exposure of the entire portfolio, both Core and Plus segments, using U.S.

Treasury futures. Red Cedar may utilize currency futures to hedge non-U.S. dollar positions, as desired, of the entire portfolio, both Core and Plus segments. The Sub-Advisers seek to identify securities which they believe offer significantly higher yields than U.S. Treasury securities of comparable maturity, while striving to maintain stability of principal and preserving credit quality through extensive credit analysis and broad diversification across security types. The Sub-Advisers select preferred securities based upon a review of yield characteristics, call provisions, credit quality and ratings, and ability to continue paying dividends, among other features. In evaluating and selecting debt securities, the Sub-Advisers balance various factors, including increased yield as compared to U.S.

Treasuries, maturity, call provisions and credit quality. The Fund will generally sell a security if its full valuation is realized, if better opportunities are identified, if news alters the Sub-Advisers investment thesis, if the securitys credit quality deteriorates, or if the Fund requires cash to meet redemption requests.

C000224844 Holdings

Top 10 holdings of North Square Core Plus Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000224844 holdings

C000224844 Portfolio Allocation

Asset-class allocation of North Square Core Plus Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000224844 Performance

Total returns for C000224844 (as of 2026-10-01), from SEC filings.

C000224844 Risk Information

Risk metrics for C000224844, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 7.7%

C000224844 Costs and Fees

C000224844 costs about $167 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.67%
• Gross expense ratio: 2.13%
• Portfolio turnover: 180%
• Brokerage commissions: 0.03 bps of average net assets (SEC N-CEN)

C000224844 Cashflows

Over the 12 months to 2026-05, North Square Core Plus Bond Fund had net inflows of $102.97K, from monthly SEC N-PORT filings.

C000224844 Debt Constituents

Largest debt holdings of North Square Core Plus Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000224844 Prospectus and SEC Filings

Official North Square Core Plus Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2026-09-25
• Prospectus (485BPOS) — filed 2025-09-26
• Prospectus (485BPOS) — filed 2024-09-27
• Portfolio holdings (N-PORT) — filed 2026-07-21
• Portfolio holdings (N-PORT) — filed 2026-04-27
• Portfolio holdings (N-PORT) — filed 2026-01-27
• Annual census (N-CEN) — filed 2026-08-10
• Annual census (N-CEN) — filed 2025-08-14

Related Funds

Other Long Total / Aggregate Bond funds tracked on ABC INVEST:

• Dodge & Cox Income Fund (DODIX)
• Bond Fund Of America (ABNDX)
• Fidelity U.S. Bond Index Fund (FUBFX)
• Baird Aggregate Bond Fund (BAGIX)
• PGIM Total Return Bond Fund (PDBAX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.