# EDGAR Filing Document

**Accession Number:** 0001750821
**File Stem:** 0001580642-26-002445
**Filing Date:** 2026-4
**Character Count:** 18986
**Document Hash:** 59cd9ad9d5db1ea2e5308f7cc0dbb6f1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001580642-26-002445.hdr.sgml**: 20260410

**ACCESSION NUMBER**: 0001580642-26-002445

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260410

**DATE AS OF CHANGE**: 20260410

**EFFECTIVENESS DATE**: 20260410

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Exchange Place Advisors Trust
- **CENTRAL INDEX KEY:** 0001750821

**ORGANIZATION NAME:**
- **EIN:** 462828241
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-226989
- **FILM NUMBER:** 26854089

**BUSINESS ADDRESS:**
- **STREET 1:** 10 SOUTH LASALLE STREET, SUITE 1925
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60603
- **BUSINESS PHONE:** (312) 857-2160

**MAIL ADDRESS:**
- **STREET 1:** 10 SOUTH LASALLE STREET, SUITE 1925
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60603

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** North Square Investments Trust
- **DATE OF NAME CHANGE:** 20180821

## Series and Classes Contracts Data

### NORTH SQUARE SPECTRUM ALPHA FUND (Series ID: S000063483)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| CLASS A    | ORIGX         | C000205671 |
| CLASS I    | ORIYX         | C000205673 |

---

### NORTH SQUARE DYNAMIC SMALL CAP FUND (Series ID: S000063485)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| CLASS I    | ORSIX         | C000205677 |
| CLASS A    | ORSAX         | C000205678 |

---

### NORTH SQUARE MULTI STRATEGY FUND (Series ID: S000063487)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| CLASS A    | ORILX         | C000205681 |
| CLASS I    | PORYX         | C000205683 |

---

### NORTH SQUARE PREFERRED AND INCOME SECURITIES FUND (Series ID: S000063488)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| CLASS I    | ORDNX         | C000205685 |

---

### North Square Select Small Cap Fund (Series ID: S000067944)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class I    | ADVGX         | C000217840 |

---

### North Square Strategic Income Fund (Series ID: S000067945)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | ADVAX         | C000217841 |
| Class I    | ADVNX         | C000217842 |

---

### North Square Altrinsic International Equity Fund (Series ID: S000069691)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class I    | NSIVX         | C000222264 |

---

### North Square McKee Bond Fund (Series ID: S000069692)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class I    | NMKYX         | C000222265 |
| Class R6   | NMKBX         | C000222266 |

---

### North Square Tactical Growth Fund (Series ID: S000070728)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class C    | ETFCX         | C000224836 |
| Class I    | ETFOX         | C000224837 |
| Class A    | ETFAX         | C000224838 |

---

### North Square Tactical Defensive Fund (Series ID: S000070729)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class I    | ETFWX         | C000224839 |
| Class C    | ETFZX         | C000224840 |
| Class A    | ETFRX         | C000224841 |

---

### North Square Core Plus Bond Fund (Series ID: S000070730)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class I    | STTIX         | C000224843 |

---

### North Square Kennedy MicroCap Fund (Series ID: S000085358)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | NKAAX         | C000250357 |
| Class I    | NKMCX         | C000250358 |

---

### NORTH SQUARE SMALL CAP VALUE FUND (Series ID: S000091143)

---

|  |  |  |
|:---|:---|:---|
| Class Name     | Ticker Symbol | Class ID   |
| Class I        | DRISX         | C000258541 |
| Investor Class | DRSVX         | C000258542 |

---

## Series and Classes Contracts Data

### NORTH SQUARE SPECTRUM ALPHA FUND (Series ID: S000063483)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000205671 | CLASS A      | ORIGX           |
| C000205673 | CLASS I      | ORIYX           |

### NORTH SQUARE DYNAMIC SMALL CAP FUND (Series ID: S000063485)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000205677 | CLASS I      | ORSIX           |
| C000205678 | CLASS A      | ORSAX           |

### NORTH SQUARE MULTI STRATEGY FUND (Series ID: S000063487)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000205681 | CLASS A      | ORILX           |
| C000205683 | CLASS I      | PORYX           |

### NORTH SQUARE PREFERRED AND INCOME SECURITIES FUND (Series ID: S000063488)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000205685 | CLASS I      | ORDNX           |

### North Square Select Small Cap Fund (Series ID: S000067944)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000217840 | Class I      | ADVGX           |

### North Square Strategic Income Fund (Series ID: S000067945)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000217841 | Class A      | ADVAX           |
| C000217842 | Class I      | ADVNX           |

### North Square Altrinsic International Equity Fund (Series ID: S000069691)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000222264 | Class I      | NSIVX           |

### North Square McKee Bond Fund (Series ID: S000069692)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000222265 | Class I      | NMKYX           |
| C000222266 | Class R6     | NMKBX           |

### North Square Tactical Growth Fund (Series ID: S000070728)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000224836 | Class C      | ETFCX           |
| C000224837 | Class I      | ETFOX           |
| C000224838 | Class A      | ETFAX           |

### North Square Tactical Defensive Fund (Series ID: S000070729)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000224839 | Class I      | ETFWX           |
| C000224840 | Class C      | ETFZX           |
| C000224841 | Class A      | ETFRX           |

### North Square Core Plus Bond Fund (Series ID: S000070730)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000224843 | Class I      | STTIX           |

### North Square Kennedy MicroCap Fund (Series ID: S000085358)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000250357 | Class A      | NKAAX           |
| C000250358 | Class I      | NKMCX           |

### NORTH SQUARE SMALL CAP VALUE FUND (Series ID: S000091143)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000258541 | Class I        | DRISX           |
| C000258542 | Investor Class | DRSVX           |

**EXCHANGE PLACE ADVISORS TRUST**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**NORTH SQUARE DYNAMIC SMALL CAP FUND** | &nbsp;&nbsp; <br> **NORTH SQUARE PREFERRED AND INCOME SECURITIES FUND** |
| &nbsp;&nbsp;**Class A: ORSAX** | &nbsp;&nbsp;**Class I: ORDNX** |
| &nbsp;&nbsp;**Class I: ORSIX** |  |
| &nbsp;&nbsp;**NORTH SQUARE KENNEDY MICROCAP FUND** | &nbsp;&nbsp;**NORTH SQUARE STRATEGIC INCOME FUND** |
| &nbsp;&nbsp;**Class A: NKAAX\*** | &nbsp;&nbsp;**Class A: ADVAX** |
| &nbsp;&nbsp;**Class I: NKMCX** | &nbsp;&nbsp;**Class I: ADVNX** |
| &nbsp;&nbsp;**NORTH SQUARE SELECT SMALL CAP FUND** | &nbsp;&nbsp;**NORTH SQUARE MULTI STRATEGY FUND** |
| &nbsp;&nbsp;**Class I: ADVGX** | &nbsp;&nbsp;**Class A: ORILX** |
|  | &nbsp;&nbsp;**Class I: PORYX** |
| &nbsp;&nbsp;**NORTH SQUARE SMALL CAP VALUE FUND** | &nbsp;&nbsp;**NORTH SQUARE SPECTRUM ALPHA FUND** |
| &nbsp;&nbsp;**Investor Class: DRSVX** | &nbsp;&nbsp;**Class A: ORIGX** |
| &nbsp;&nbsp;**Class I: DRISX** | &nbsp;&nbsp;**Class I: ORIYX** |
| &nbsp;&nbsp; <br> **NORTH SQUARE ALTRINSIC INTERNATIONAL EQUITY FUND** | &nbsp;&nbsp;**NORTH SQUARE TACTICAL DEFENSIVE FUND** |
| &nbsp;&nbsp;**Class I: NSIVX** | &nbsp;&nbsp;**Class A: ETFRX** |
|  | &nbsp;&nbsp;**Class C: ETFZX** |
|  | &nbsp;&nbsp;**Class I: ETFWX** |
| &nbsp;&nbsp;**NORTH SQUARE CORE PLUS BOND FUND** | &nbsp;&nbsp;**NORTH SQUARE TACTICAL GROWTH FUND** |
| &nbsp;&nbsp;**Class I: STTIX** | &nbsp;&nbsp;**Class A: ETFAX** |
|  | &nbsp;&nbsp;**Class C: ETFCX** |
|  | &nbsp;&nbsp;**Class I: ETFOX** |
| &nbsp;&nbsp;**NORTH SQUARE MCKEE BOND FUND** |  |
| &nbsp;&nbsp;**Class R6: NMKBX** |  |
| &nbsp;&nbsp;**Class I: NMKYX** |  |

---

**(each a "Fund" and collectively, the "Funds")**

Supplement dated April 10, 2026, to the Funds' Prospectus dated<br> September 28, 2025, as supplemented

**This Supplement provides new and additional information beyond that contained in the**

**Prospectus and should be read in conjunction with the Prospectus.**

*This Supplement supersedes any information to the contrary in the Prospectus.*

The following amends and replaces the applicable portions of the *"***APPENDIX A – WAIVERS AND DISCOUNTS AVAILABLE FROM CERTAIN INTERMEDIARIES***"* section of the Prospectus:

**<u>Merrill Lynch, Pierce, Fenner & Smith, Inc. ("Merrill")</u>**

Purchases or sales of front-end (for example, Class A) or level-load (for example, Class C) mutual fund shares through a Merrill platform or account will be eligible only for the following sales load waivers (front-end, contingent deferred, or back-end waivers) and discounts, which differ from those disclosed elsewhere in the Funds' Prospectus. Purchasers will have to buy Fund shares directly from the Fund or through another intermediary to be eligible for waivers or discounts not listed below.

It is the client's responsibility to notify Merrill at the time of purchase or sale of any relationship or other facts that qualify the transaction for a waiver or discount. A Merrill representative may ask for reasonable

documentation of such facts and Merrill may condition the granting of a waiver or discount on the timely receipt of such documentation.

Additional information on waivers, discounts, and share class exchanges is available in the Merrill Sales Load Waiver and Discounts Supplement (the "Merrill SLWD Supplement") and in the Mutual Fund Investing at Merrill pamphlet at ml.com/funds. Clients are encouraged to review these documents and speak with their financial advisor to determine whether a transaction is eligible for a waiver or discount.

---

| |
|:---|
| &nbsp;&nbsp;**Front-end Load Waivers Available at Merrill** |
| &nbsp;&nbsp;Shares of mutual funds available for purchase by employer-sponsored retirement, deferred compensation, and employee benefit plans (including health savings accounts) and trusts used to fund those plans provided the shares are not held in a commission-based brokerage account and shares are held for the benefit of the plan. For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs, SAR-SEPs or Keogh plans |
| &nbsp;&nbsp;Shares purchased through a Merrill investment advisory program |
| &nbsp;&nbsp;Brokerage class shares exchanged from advisory class shares due to the holdings moving from a Merrill investment advisory program to a Merrill brokerage account |
| &nbsp;&nbsp;Shares purchased through the Merrill Edge Self-Directed platform |
| &nbsp;&nbsp;Shares purchased through the systematic reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same mutual fund in the same account |
| &nbsp;&nbsp;Shares exchanged from level-load shares to front-end load shares of the same mutual fund in accordance with the description in the Merrill SLWD Supplement |
| &nbsp;&nbsp;Shares purchased by eligible employees of Merrill or its affiliates and their family members who purchase shares in accounts within the employee's Merrill Household (as defined in the Merrill SLWD Supplement) |
| &nbsp;&nbsp;Shares purchased by eligible persons associated with the Fund as defined in the Prospectus (e.g. the Fund's officers or trustees) |
| &nbsp;&nbsp;Shares purchased from the proceeds of a mutual fund redemption in front-end load shares provided (1) the repurchase is in a mutual fund within the same fund family; (2) the repurchase occurs within 90 calendar days from the redemption trade date, and (3) the redemption and purchase occur in the same account (known as Rights of Reinstatement). Automated transactions (i.e. systematic purchases and withdrawals) and purchases made after shares are automatically sold to pay Merrill's account maintenance fees are not eligible for Rights of Reinstatement |
| &nbsp;&nbsp;**Contingent Deferred Sales Charge ("CDSC") Waivers on Front-end, Back-end, and Level Load Shares Available at Merrill** |
| &nbsp;&nbsp;Shares sold due to the client's death or disability (as defined by Internal Revenue Code Section 22(e)(3)) |
| &nbsp;&nbsp;Shares sold pursuant to a systematic withdrawal program subject to Merrill's maximum systematic withdrawal limits as described in the Merrill SLWD Supplement |
| &nbsp;&nbsp;Shares sold due to return of excess contributions from an IRA account |
| &nbsp;&nbsp;Shares sold as part of a required minimum distribution for IRA and retirement accounts due to the investor reaching the qualified age based on applicable IRS regulation |
| &nbsp;&nbsp;Front-end or level-load shares held in commission-based, non-taxable retirement brokerage accounts (e.g. traditional, Roth, rollover, SEP IRAs, Simple IRAs, SAR-SEPs or Keogh plans) that are transferred to fee-based accounts or platforms and exchanged for a lower cost share class of the same mutual fund |
| &nbsp;&nbsp; **Front-end Load Discounts Available at Merrill: Breakpoints, Rights of Accumulation & Letters of Intent**<br>|
| &nbsp;&nbsp;Breakpoint discounts, as described in this prospectus, where the sales load is at or below the maximum sales load that Merrill permits to be assessed to a front-end load purchase, as described in the Merrill SLWD Supplement |

---

---

| |
|:---|
| &nbsp;&nbsp; Rights of Accumulation (ROA), as described in the Merrill SLWD Supplement, which entitle clients to breakpoint discounts based on the aggregated holdings of mutual fund family assets held in accounts in their Merrill Household<br> On or about May 1, 2026, assets not held at Merrill will no longer be included in the ROA calculation. For more detail on the timing and calculation, please refer to the Merrill SLWD Supplement. |
| &nbsp;&nbsp; Letters of Intent (LOI), which allow for breakpoint discounts on eligible new purchases based on anticipated future eligible purchases within a fund family at Merrill, in accounts within your Merrill Household, as further described in the Merrill SLWD Supplement<br> On or about May 1, 2026, Merrill will no longer accept new LOIs. For more detail on the timing, please refer to the Merrill SLWD Supplement. |

---

**<u>Robert W. Baird & Co. ("Baird")</u>**

Effective January 1, 2026, shareholders purchasing Fund shares through a Baird platform or account will only be eligible for the following sales charge waivers (front-end sales charge waivers and CDSC waivers) and discounts, which may differ from those disclosed elsewhere in the Prospectus or the SAI.

**Front-End Sales Charge Waivers on Investors A-shares Available at Baird**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Shares purchased through reinvestment
of capital gains distributions and dividend reinvestment when purchasing shares of the same Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Shares purchased by employees
and registered representatives of Baird or its affiliates and their family members as designated by Baird

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Shares purchased within 90 days
following a redemption from a North Square Fund, provided (1) the redemption and purchase occur within the purchaser's Baird household
and (2) the redeemed shares were subject to a front-end or deferred sales charge (known as rights of reinstatement)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· A shareholder in the Fund's
Investor C Shares will have their share converted at net asset value to Investor A shares of the same Fund if the shares are no longer
subject to CDSC and the conversion is in line with the policies and procedures of Baird

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Employer-sponsored retirement
plans or charitable accounts in a transactional brokerage account at Baird, including 401(k) plans, 457 plans, employer-sponsored 403(b)
plans, profit sharing and money purchase pension plans and defined benefit plans. For purposes of this provision, employer-sponsored retirement
plans do not include SEP IRAs, Simple IRAs or SAR-SEPs

**CDSC Waivers on Investor A and C shares Available at Baird**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Shares sold due to death or disability of the shareholder

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Shares sold as part of a systematic withdrawal plan as described in the Fund's Prospectus

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Shares bought due to returns of excess contributions from an IRA Account

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Shares sold as part of a required minimum distribution for IRA and retirement accounts due to the shareholder reaching the qualified age based on applicable Internal Revenue Service regulations as described in the Fund's Prospectus

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Shares sold to pay Baird fees but only if the transaction is initiated by Baird

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Shares acquired through a right of reinstatement

**Front-End Sales Charge Discounts Available at Baird: Breakpoints and/or Rights of Accumulations**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Breakpoints as described in the
Fund's Prospectus

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Rights of accumulations which
entitles shareholders to breakpoint discounts will be automatically calculated based on the aggregated holding of North Square Fund assets
held by accounts within the purchaser's household at Baird. Eligible North Square Fund assets not held at Baird may be included
in the rights of accumulations calculation only if the shareholder notifies his or her financial advisor about such assets

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Letters of Intent (LOI) allow
for breakpoint discounts based on anticipated purchases of North Square Funds through Baird, over a 13-month period of time.

**Please retain this Supplement for future reference.**