ORIIX — North Square International Small Cap Fund

ORIIX Fund Overview

ORIIX — North Square International Small Cap Fund is a US mutual fund managed by Exchange Place Advisors Trust, categorised as Emerging Markets Real Estate. 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: Emerging Markets Real Estate
• Assets under management: $5.91M
• Ticker: ORIIX
• SEC CIK: 0001750821
• SEC series ID: S000063484
• Share class ID: C000205676

ORIIX Investment Objective and Strategy

North Square International Small Cap 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 objective of the North Square International Small Cap Fund (the Fund) is to seek long-term capital appreciation.

Principal investment strategy

In seeking to achieve the Funds investment objective, North Square Investments, LLC (North Square or the Adviser), the Funds investment adviser, has selected Algert Global, LLC (the Sub-Adviser) to serve as the Funds investment sub-adviser and allocates the Funds assets to the Sub-Adviser. The Adviser retains the ability to manage all or a portion of the Funds assets directly. The Fund invests primarily in a diversified portfolio of common stocks of non-U.S. companies. Under normal circumstances, the Fund will invest at least 80% of its net assets (including amounts borrowed for investment purposes) in equity securities of small capitalization companies. Small capitalization companies are considered to be companies with market capitalizations within the range of those companies included in the MSCI EAFE Small Cap Index (the Index) at the time of purchase.

The market capitalization range will be considered by country. Because small capitalization companies are defined by reference to an index, the range of market capitalization of companies in which the Fund invests may vary with market conditions and could fall outside of the Indexs current capitalization range. Investment in companies that move above or below the capitalization range of the Index may continue to be held by the Fund in the discretion of the Sub-Adviser. As of June 30, 2019, the market capitalizations of companies included in the Index were between $36.9 million and $7.138 billion. The Fund will invest in non-U.S. markets, including emerging markets. The Fund will allocate its assets among various regions and countries. From time to time, a substantial portion of the Funds assets may be invested in companies located in a single country.

The equity securities in which the Fund principally invests are common stocks, but the Fund also may invest in other types of equity securities, such as exchange-traded funds (ETFs) that invest substantially all of their assets in equity securities, equity interests in real estate investment trusts (REITs), and preferred stocks. The Fund may also invest in initial public offerings (IPOs) of equity securities. Some of the Funds investments in non-U.S. issuers are through investment in American Depositary Receipts (ADRs). ADRs are receipts that represent interests in foreign securities held on deposit by U.S. banks. The Sub-Adviser uses proprietary systematic models to choose stocks which will comprise the Sub-Advisers portfolio or investment universe. The Sub-Adviser generates a composite score for each stock in its investment universe based on three internal models: Relative Value (to seek to detect mispriced stocks), Quality (to assess the sustainability of a companys operating performance), and Catalyst (to identify companies with changing financial expectations and changing levels of attention from investors).

Each of these models is customized to the specifics of the underlying sector and region where they are applied. The score is intended to represent the Sub-Advisers view of the attractiveness of a company relative to its industry, country, and other risk factors. The Sub-Adviser uses an automated technological process that updates the ranking for each stock in its investment universe daily. A prospective trade list is generated from these rankings to construct the desired portfolio.

ORIIX Costs and Fees

ORIIX costs about $125 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.25%
• Gross expense ratio: 1.74%
• Portfolio turnover: 204%
• Brokerage commissions: 14.84 bps of average net assets (SEC N-CEN)

ORIIX Cashflows

Over the 12 months to 2020-05, North Square International Small Cap Fund had net inflows of $15.63M, from monthly SEC N-PORT filings.

ORIIX Debt Constituents

No individual debt constituents are reported in North Square International Small Cap Fund's latest SEC N-PORT filing.

ORIIX Prospectus and SEC Filings

Official North Square International Small Cap Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2019-10-11
• Prospectus supplement (497) — filed 2019-06-24
• Portfolio holdings (N-PORT) — filed 2020-07-27
• Annual census (N-CEN) — filed 2019-08-14

Related Funds

Other Emerging Markets Real Estate funds tracked on ABC INVEST:

• Westwood Low Volatility Equity Fund (WLVIX)
• Pzena U.S. Large Cap Value ETF (PZLV)
• Noble Absolute Return ETF (NOPE)
• Jackson Square Global Growth Fund (JSPVX)
• Jackson Square Select 20 Growth Fund (DPCEX)

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.