# EDGAR Filing Document

**Accession Number:** 0001589390
**File Stem:** 0000910472-26-003581
**Filing Date:** 2026-3
**Character Count:** 23812
**Document Hash:** 6baaf5604b141dbde3e56f6c8c46d521
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-003581.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0000910472-26-003581

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260302

**DATE AS OF CHANGE**: 20260302

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Evanston Multi-Alpha Fund
- **CENTRAL INDEX KEY:** 0001589390

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22904
- **FILM NUMBER:** 26703797

**BUSINESS ADDRESS:**
- **STREET 1:** 1560 SHERMAN AVENUE
- **STREET 2:** SUITE 960
- **CITY:** EVANSTON
- **STATE:** IL
- **ZIP:** 60201
- **BUSINESS PHONE:** 847-328-4961

**MAIL ADDRESS:**
- **STREET 1:** 1560 SHERMAN AVENUE
- **STREET 2:** SUITE 960
- **CITY:** EVANSTON
- **STATE:** IL
- **ZIP:** 60201

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** North Square Evanston Multi-Alpha Fund
- **DATE OF NAME CHANGE:** 20240509

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Evanston Alternative Opportunities Fund
- **DATE OF NAME CHANGE:** 20131016

## Nport-Ex

**Evanston Multi-Alpha Fund** 

**Schedule of Investments (Unaudited)** 

**December 31, 2025** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Investments in Portfolio Funds\*** | **First<br> Acquisition<br> Date** | **Shares** | **Cost** | **Fair Value** | **Percentage<br> of Net<br> Assets** | **Liquidity<sup>(1)</sup>** |
| ***Event Driven<sup>(a)</sup>*** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Hein Park Offshore Investors Ltd. | 1/1/2022 | 3188 | $3187500 | $3113379 | 3.66% | Quarterly<sup>(2)</sup> |
| &nbsp;&nbsp;&nbsp;Redwood Opportunity Offshore Fund, Ltd. | 7/1/2020 | 1764 | 2000100 | 2852930 | 3.35% | Quarterly |
| &nbsp;&nbsp;&nbsp;Silver Point Capital Offshore Fund, Ltd. | 1/1/2016 | 327 | 4663074 | 7726555 | 9.08% | Annually<sup>(2)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Event Driven** |  |  | **9850674** | **13692864** | **16.09%** |  |
| ***Global Asset Allocation<sup>(b)</sup>*** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Agave Global Macro Fund Ltd. | 8/1/2025 | 2500 | 2500000 | 2582659 | 3.03% | Quarterly<sup>(2)</sup> |
| &nbsp;&nbsp;&nbsp;Castle Hook Offshore Fund Ltd. | 1/1/2017 | 1021 | 1507676 | 5575974 | 6.55% | Quarterly<sup>(2)</sup> |
| &nbsp;&nbsp;&nbsp;Rokos Global Macro Fund Limited | 11/1/2015 | 22176 | 3133385 | 7590247 | 8.92% | Monthly<sup>(2)</sup> |
| &nbsp;&nbsp;&nbsp;TIG Zebedee Core Fund Limited | 1/1/2024 | 29556 | 4397860 | 5630764 | 6.62% | Monthly |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Global Asset Allocation** |  |  | **11538921** | **21379644** | **25.12%** |  |
| ***Long-Short<sup>(c)</sup>*** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;59 North Offshore Partners, Ltd. | 5/1/2024 | 2016 | 3000000 | 3740002 | 4.39% | Quarterly<sup>(2)</sup> |
| &nbsp;&nbsp;&nbsp;Alamut Feeder Fund Ltd. | 7/1/2025 | 27500 | 2750000 | 2545153 | 2.99% | Quarterly<sup>(2)</sup> |
| &nbsp;&nbsp;&nbsp;Hill City Capital Offshore Fund Ltd. | 7/1/2023 | 2479 | 2559767 | 4814372 | 5.66% | Quarterly<sup>(2)</sup> |
| &nbsp;&nbsp;&nbsp;Matrix Capital Management Fund (Offshore) Ltd. | 7/1/2014 | 330 | 355240 | 494682 | 0.58% | Quarterly<sup>(3)</sup> |
| &nbsp;&nbsp;&nbsp;Oxbow Fund (Offshore) Limited | 9/1/2015 | 1513 | 2515346 | 5349370 | 6.28% | Quarterly<sup>(2)</sup> |
| &nbsp;&nbsp;&nbsp;Soroban Long Only Equity Cayman Fund Ltd | 4/1/2024 | 2433 | 2433120 | 3583337 | 4.21% | Quarterly<sup>(2)</sup> |
| &nbsp;&nbsp;&nbsp;Whale Rock Flagship Fund Ltd. | 7/1/2014 | 21 | 121291 | 220031 | 0.26% | N/A\*\*\*\*\* |
| &nbsp;&nbsp;&nbsp;XN Exponent Offshore Fund, LP | 7/1/2024 |  | 2625000 | 3178597 | 3.73% | Quarterly<sup>(4)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Long-Short** |  |  | **16359764** | **23925544** | **28.10%** |  |
| ***Relative Value<sup>(d)</sup>*** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cassiopeia Fund Ltd.\*\* | 7/1/2014 | 4 | 3520 | 4306 | 0.01% | N/A\*\*\*\* |
| &nbsp;&nbsp;&nbsp;Dark Forest Global Equity Offshore Fund Ltd | 4/1/2021 | 2648 | 2646895 | 2918708 | 3.43% | Quarterly |
| &nbsp;&nbsp;&nbsp;Foreword Capital Offshore Fund, LP | 7/1/2024 |  | 2031504 | 2293278 | 2.69% | Quarterly<sup>(2)</sup> |
| &nbsp;&nbsp;&nbsp;Iguazu Investors (Cayman), SPC | 7/1/2014 | 560 | 1278071 | 2203627 | 2.59% | Quarterly |
| &nbsp;&nbsp;&nbsp;Steelhead Pathfinder Fund Ltd. | 1/1/2020 | 2187 | 2658905 | 3436739 | 4.04% | Monthly |
| &nbsp;&nbsp;&nbsp;Tribune Investment Group Offshore Fund Ltd. | 7/1/2024 | 1523 | 1522913 | 1527019 | 1.79% | Quarterly |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Relative Value** |  |  | **10141808** | **12383677** | **14.55%** |  |
| ***Multi-Discipline<sup>(e)</sup>*** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;140 Summer Partners Offshore Ltd. | 2/1/2022 | 3015 | 3625000 | 5241604 | 6.16% | Quarterly |
| &nbsp;&nbsp;&nbsp;Anchorage Capital Partners Offshore, Ltd. | 7/1/2014 | 97 | 93134 | 142578 | 0.17% | N/A\*\*\*\* |
| &nbsp;&nbsp;&nbsp;Crake Global Feeder Fund ICAV\*\*\* | 10/1/2019 | 26268 | 3000000 | 7516148 | 8.83% | Monthly |
| &nbsp;&nbsp;&nbsp;Sachem Head Offshore Ltd. | 7/1/2014 | 788 | 2026349 | 4571555 | 5.37% | Quarterly<sup>(2)</sup> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Multi-Discipline** |  |  | **8744483** | **17471885** | **20.53%** |  |
| **Total Investments in Portfolio Funds** |  |  | $**56635650** | $**88853614** | **104.39%** |  |
| **Short-Term Investments** |  |  |  |  |  |  |
| ***Money Market Funds*** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackRock Liquidity Fund, Treasury Trust Fund, Institutional Shares, 3.62%<sup>(f)</sup> |  | 20 | 20 | 20 | 0.00 %<sup>(g)</sup> |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;State Street Institutional Treasury Money Market Fund, Institutional Shares, 3.67%<sup>(f)</sup> |  | 4344059 | 4344059 | 4344059 | 5.10% |  |
| **Total Short-Term Investments** |  |  | **4344079** | $**4344079** | **5.10%** |  |
| **Total Investments in Portfolio Funds** |  |  | $**60979729** | $**93197693** | **109.49%** |  |
| **Liabilities in excess of Remaining Assets** |  |  |  | **(8079664)** | **(9.49** **%)** |  |
| **Net assets** |  |  |  | $**85118029** | **100.00%** |  |

---

**Evanston Multi-Alpha Fund** 

**Schedule of Investments (Unaudited) - Continued**

**December 31, 2025**

---

| | |
|:---|:---|
| Investments by Strategy (as a percentage of Net Assets) | Investments by Strategy (as a percentage of Net Assets) |
| Event Driven | 16.09% |
| Global Asset Allocation | 25.12% |
| Long-Short | 28.10% |
| Relative Value | 14.55% |
| Multi-Discipline | 20.53% |
| Short-Term Investments | 5.10% |
| Liabilities in excess of Remaining Assets | (9.49%) |
| &nbsp;&nbsp;&nbsp;Total | 100.00% |

---

*\** *Investments in Portfolio Funds are non-income producing. All Portfolio Funds are domiciled in the Cayman Islands, unless otherwise noted.*

 

*<sup>(1)</sup>* *Available frequency of redemptions after initial lock-up period, if any. Different tranches may have different liquidity terms and may be subject to investor level gates. Redemption notice periods range from 30 to 90 days. If applicable, the lock up period is 12-24 months.*

 

*<sup>(2)</sup>* *Subject to 25% investor level quarterly gate.*

 

*<sup>(3)</sup>* *Fund is liquidating and voluntary withdrawal and redemptions are suspended effective September 30, 2024.*

 

*<sup>(4)</sup>* *Subject to 12.5% investor level quarterly gate.*

 

*\*\** *This Portfolio Fund is domiciled in Bermuda.*

 

*\*\*\** *This Portfolio Fund is domiciled in Ireland.*

 

*\*\*\*\** *This Portfolio Fund is not redeemable; rather the Fund receives distributions through the liquidation of the underlying assets of this Portfolio Fund.*

 

 

*<sup>(b)</sup>* *Global asset allocation strategies seek to exploit opportunities in various global markets. Portfolio Funds employing these strategies have a broad mandate to invest in those markets and instruments which they believe provide the best opportunity. Portfolio Funds employing a global asset allocation strategy may take positions in currencies, sovereign bonds, global equities and equity indices, or commodities.*

 

*<sup>(c)</sup>* *Long-short strategies seek to profit by taking positions in equities and generally involve fundamental analysis in the investment decision process. Portfolio Fund Managers in these strategies tend to be "stock pickers" and typically manage market exposure by shifting allocations between long and short investments depending on market conditions and outlook. Long-short strategies may comprise investments in one or multiple countries, including emerging markets and one or multiple sectors.*

 

*<sup>(d)</sup>* *Relative value strategies seek to profit by exploiting pricing inefficiencies between related instruments while remaining long-term neutral to directional price movements in any one market. Relative value strategies consist of an exposure to some second order aspect of the market.*

 

*<sup>(e)</sup>* *Multi-discipline managers employ a combination of any of the above mentioned strategies.*

 

*<sup>(f)</sup>* *Rate disclosed is the seven day effective yield as of December 31, 2025.*

 

*<sup>(g)</sup>* *Rounds to less than 0.05%.*

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** North Square Evanston Multi-Alpha Fund

- **b. Investment Company Act file number:** 811-22904

- **c. CIK number of Registrant:** 0001589390

- **d. LEI of Registrant:** 5493003LZ0D84WKLJ903

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 225 Pictoria Drive

  - **City:** Cincinnati

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

  - **Telephone number:** 513-587-3400

**Item A.2. Information about the Series.**

- **a. Name of Series:** North Square Evanston Multi-Alpha Fund

- **c. LEI of Series:** 5493003LZ0D84WKLJ903

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $96309774.61

**Total Liabilities:** $11191745.73

**Net Assets:** $85118028.88

**Cash Not Reported:** $1379445.45

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C299222109 | 1.88%                | 0.27%                | 1.95%                |
| Class ID C299222208 | 1.82%                | 0.03%                | 1.88%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $683516.80               | $1091781.68                                |
| Month 2  | $217012.37               | $130710.23                                 |
| Month 3  | $313118.04               | $1631927.15                                |

### Schedule of Portfolio Investments

| Name   | Title                                                                                 | Identifiers            | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   | Fair Value Level   | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| N/A    | Blackrock Liquidity Funds T-Fund Institutional Shares                                 | CUSIP: N/A<br>LEI: N/A | Long             | STIV             | RF                | US        |        20 | PA      | $19.92        | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A    | 140 Summer Partners Offshore Ltd. Founders Sub-Class A Shar                           | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | KY        |      2015 | NS      | $4061334.73   | 4.77%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A    | 140 Summer Partners Offshore Ltd. Founders Sub-Class A, Series 33 January 2025        | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | KY        |      1000 | NS      | $1180269.70   | 1.39%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A    | 59 North Offshore Partners Ltd. Series B-1                                            | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | KY        |      2016 | NS      | $3740002.00   | 4.39%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A    | STIT- Treasury Portfolio                                                              | CUSIP: N/A<br>LEI: N/A | Long             | STIV             | RF                | US        |   4344059 | PA      | $4344059.35   | 5.10%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A    | Agave Global Macro Fund Ltd. Class A-1 Non Restricted Shares, 08/01/2025              | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | KY        |      2000 | NS      | $2078001.20   | 2.44%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A    | Agave Global Macro Fund Ltd. Class A-1 Non Restricted Shares, 12/01/2025              | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | KY        |       500 | NS      | $504658.25    | 0.59%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A    | Alamut Feeder Fund Ltd. Class F USD UR Jul25                                          | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | KY        |     20000 | NS      | $1844591.36   | 2.17%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A    | Alamut Feeder Fund Ltd. Class F USD UR Sep25                                          | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | KY        |      5000 | NS      | $457659.07    | 0.54%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A    | Alamut Feeder Fund Ltd. Class F USD UR Nov25                                          | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | KY        |      2500 | NS      | $242902.49    | 0.29%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A    | Anchorage Capital Partners Offshore, Ltd.                                             | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | KY        |       101 | NS      | $148428.29    | 0.17%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A    | Cassiopeia Fund Ltd. Class B Series 01Oct2023                                         | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | BM        |         4 | NS      | $4306.00      | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A    | Castlehook Offshore Fund Ltd. Class A/U NV, Series 1                                  | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | KY        |       420 | NS      | $2129060.48   | 2.50%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A    | Castlehook Offshore Fund Ltd. Class F -A/U NV, Series 1                               | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | KY        |       601 | NS      | $3446913.40   | 4.05%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A    | Crake Global Feeder Fund ICAV Sub-Class A Shares                                      | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | IE        |      6983 | NS      | $2071334.00   | 2.43%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A    | Crake Global Feeder Fund ICAV Sub-Class B Shares                                      | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | IE        |     19286 | NS      | $5444814.00   | 6.40%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A    | Dark Forest Global Equity Offshore Fund Ltd. Class F, Series 1 E 08-2023  T0421       | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | KY        |       148 | NS      | $175257.00    | 0.21%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A    | Dark Forest Global Equity Offshore Fund Ltd. Class F, Series 1 E 08-2023  T0522       | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | KY        |      1000 | NS      | $1099944.00   | 1.29%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A    | Dark Forest Global Equity Offshore Fund Ltd. Class F, Series 1 E 08-2023  T0922       | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | KY        |      1500 | NS      | $1643507.00   | 1.93%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A    | XN Exponent Offshore Fund LP                                                          | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | KY        |     29694 | NS      | $3632682.60   | 4.27%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A    | Foreword Capital Offshore Fund LP                                                     | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | KY        |     19882 | NS      | $2293277.96   | 2.69%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A    | Hein Park Offshore Investors Ltd. Class A                                             | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | KY        |      3188 | NS      | $3113379.40   | 3.66%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A    | Hill City Capital Offshore Fund Ltd. Class 1                                          | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | KY        |      2608 | NS      | $5064372.16   | 5.95%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A    | Iguazu Investors (Cayman) SPC Class A1                                                | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | KY        |       560 | NS      | $2203626.58   | 2.59%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A    | Matrix Capital Management Fund (Offshore) Ltd. Class I-T1, Series 11 07 14            | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | KY        |       330 | NS      | $494681.90    | 0.58%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A    | Oxbow Fund (Offshore) Limited Series B Non-Restricted I000084043                      | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | KY        |      1513 | NS      | $5349370.40   | 6.28%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A    | Redwood Opportunity Offshore Fund Ltd. Non-Voting Shares                              | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | KY        |      1764 | NS      | $2852930.35   | 3.35%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A    | Rokos Global Macro Fund Limited Class A UR NV/ 1                                      | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | KY        |     22176 | NS      | $7590247.05   | 8.92%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A    | Sachem Head Offshore Ltd. Common, Series NR 09-2013                                   | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | KY        |       788 | NS      | $4571555.27   | 5.37%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A    | Silver Point Capital Offshore Fund Ltd. H-551                                         | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | KY        |       327 | NS      | $7726554.42   | 9.08%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A    | Soroban Long Only Equity Cayman Fund Ltd. Class 2-E, Series 1                         | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | KY        |      2433 | NS      | $3583336.71   | 4.21%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A    | Steelhead Pathfinder Fund Ltd. Default Class                                          | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | KY        |      2187 | NS      | $3436738.63   | 4.04%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A    | TIG Zebedee Focus Fund Limited Class B USD - Non- Voting Shares                       | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | KY        |     24556 | NS      | $5066426.28   | 5.95%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A    | TIG Zebedee Focus Fund Limited Sub Class B Non Voting USD, Series 5/25                | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | KY        |      5000 | NS      | $564337.37    | 0.66%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A    | Tribune Investment Group Offshore Fund Ltd. Class B, Discount E Series July 2024      | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | KY        |       761 | NS      | $787198.80    | 0.92%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A    | Tribune Investment Group Offshore Fund Ltd. Class B, Discount E Series September 2024 | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | KY        |       500 | NS      | $503725.73    | 0.59%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A    | Tribune Investment Group Offshore Fund Ltd. Class B, Discount E Series November 2024  | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | KY        |       500 | NS      | $504423.72    | 0.59%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A    | Tribune Investment Group Offshore Fund Ltd. Class B, Discount E Series December 2024  | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | KY        |       500 | NS      | $495180.16    | 0.58%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A    | Whale Rock Flagship Fund Ltd. Class A-1, Initial Series                               | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | KY        |        23 | NS      | $235602.75    | 0.28%             |  |  |  | No            | N/A                | On Loan: No      |

### Signature

**Date Signed:** 2025-12-31

**Name of Applicant:** North Square Evanston Multi-Alpha Fund

**Signature:** Ian Martin

**Name of Signer:** Ian Martin

**Title:** President