ETFRX – North Square Tactical Defensive A Investment Strategy | Morningstar

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Strategy

The investment seeks capital appreciation. The fund invests primarily in and allocates its investments primarily between fund investments that the Sub-Adviser believes have the potential for capital appreciation and Cash Positions. The "fund investments" include actively managed and index-based ETFs, mutual funds and other investment companies. "Cash Positions" include cash and short-term, highly liquid investments, such as money market instruments, U.S. government obligations, commercial paper, repurchase agreements, and other cash or cash equivalent positions.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
ETFWX	North Square Tactical Defensive Fund Class I	Institutional	Open			May 28, 2010	$28.40M	1.790%	Above Average	$1M	−$7.00M
ETFRX	North Square Tactical Defensive Fund Class A	Front Load	Open			Sep 15, 2006	$18.45M	2.040%	Above Average	$1,000	−$2.13M
ETFZX	North Square Tactical Defensive Fund Class C	Level Load	Open			Oct 1, 2009	$2.52M	2.790%	Above Average	$1,000	−$342,401.32

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