# EDGAR Filing Document

**Accession Number:** 0001750821
**File Stem:** 0001580642-26-000605
**Filing Date:** 2026-1
**Character Count:** 31595
**Document Hash:** 147124462f82118e38206b16f0a42cd5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001580642-26-000605.hdr.sgml**: 20260130

**ACCESSION NUMBER**: 0001580642-26-000605

**CONFORMED SUBMISSION TYPE**: 497K

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20260130

**DATE AS OF CHANGE**: 20260130

**EFFECTIVENESS DATE**: 20260130

**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:** 497K
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-226989
- **FILM NUMBER:** 26584069

**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

### Sphere 500 Climate Fund (Series ID: S000083897)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000247983 | Class R6            | SPFFX           |
| C000264391 | Institutional Class | SPFEX           |

![A blue and white logo Description automatically generated](image_001.jpg)

**Sphere 500 Climate Fund**

Class R6

(Trading Symbol: SPFFX)

Institutional Class

(Trading Symbol: SPFEX)

**Summary Prospectus**

January 28, 2026

Before you invest, you may want to review the Sphere 500 Climate Fund's (the "Fund") prospectus, which contains more information about the Fund and its risks. You can find the Fund's Prospectus, Statement of Additional Information, Reports to Shareholders and other information about the Fund online at https://www.oursphere.org/fund. You may also obtain this information at no cost by calling 1-844-2SPHERE or by e-mail at invest@oursphere.org.<br> The Fund's Prospectus and Statement of Additional Information, both dated January 28, 2026, are incorporated by reference into this Summary Prospectus.

**Investment Objective**

The Sphere 500 Climate Fund (the "Fund") seeks to track the performance, before fees and expenses, of the Sphere 500 Fossil-Free Index<sup>™</sup> (the "Index").

**Fees and Expenses of the Fund**

This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the Fund. **You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the table and Expense Example below.**

---

| | | |
|:---|:---|:---|
| **Annual Fund Operating Expenses** <br> *(expenses that you pay each year as a percentage of the value of your investment):* | **Class<br> R6** | **Institutional Class** |
| Management Fee<sup>(1)</sup> | 0.07% | 0.07% |
| Distribution (12b-1) and/or Service Fees | 0.00% | 0.10% |
| Other Expenses<sup>(2)</sup> | 0.88%<sup>(3)</sup> | 0.88%<sup>(3)</sup> |
| Total Annual Fund Operating Expenses | 0.95% | 1.05% |
| Fee Waivers and/or Expense Reimbursement | (0.88)% | (0.75)% |
| Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements<sup>(4)</sup> | 0.07% | 0.30% |

---

(1) Restated to reflect current fees. Effective as of September 16, 2025, the
Fund's management fee structure changed from a "unitary fee" structure in which the Fund's investment adviser,
Reflection Asset Management, LLC (the "Adviser"), had agreed to pay all expenses of the Fund, except for: the 0.07% unified
management fee payable to the Adviser pursuant to the prior Investment Advisory Agreement, interest charges on any borrowings, taxes,
brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments,
acquired fund fees and expenses, accrued deferred tax liability, extraordinary expenses, distribution (12b-1) fees and expenses, and shareholder
service fees and expenses pursuant to the shareholder servicing plan adopted by the Fund.

(2) Annualized.

(3) "Other Expenses" have been restated and are based on estimated
amounts for the current fiscal year with the change in advisory fee structure; actual expenses may vary.

(4) The Fund's investment adviser has contractually agreed to waive and/or
reimburse certain fees and expenses of the Fund so that the total annual operating expenses (excluding front-end or contingent deferred
loads, interest, brokerage commissions, acquired fund fees and expenses, taxes including any expenses relating to tax reclaims,
dividend and interest expenses relating to short sales, expenses incurred in connection with any merger or reorganization, and extraordinary
expenses, if any) ("Operating Expenses") of the Fund are limited to 0.07% for Class R6 shares and 0.30% for Institutional
Class shares, respectively, as a percentage of average net assets until December 31, 2030 and may not be terminated during its term without
the consent of the Board of Trustees. The Fund's investment adviser is permitted, with Board approval, to be reimbursed for fee
reductions and/or expense payments made in the prior 36 months following the waiver or reimbursement with respect to any Class provided
that repayment does not cause annual Operating Expenses to exceed the expense limitation in place at the time the fees were waived and/or
the expenses were reimbursed, or the expense limitation in place at the time the Fund repays the Adviser, whichever is lower.

**Expense Example**

This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods (taking into account the contractual fee waiver through December 31, 2030). The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. The Example reflects the contractual fee waiver/expense reimbursement arrangement through December 31, 2030. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **<u>Class</u>** | **<u>One Year</u>** | **<u>Three Years</u>** | **<u>Five Years</u>** | **<u>Ten Years</u>** |
| Class R6 | $7 | $23 | $40 | $709 |
| Institutional Class | $31 | $97 | $169 | $898 |

---

**Portfolio Turnover**

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in the annual fund operating expenses or in the Expense Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 49% of the average value of its portfolio.

**Principal Investment Strategies**

The Fund employs a "passive management" (or indexing) investment approach designed to track the total return performance, before fees and expenses, of the Index. The Index is designed to reflect the performance of large companies listed on U.S. exchanges while excluding fossil fuel, utility and other companies with material climate-related risks. More information about the Index can be found at www.bitadata.com/pages/SPFFXI.

*Summary Prospectus* 2 *Sphere 500 Climate Fund*

 ****

***The Index***

The Index is constructed beginning with the largest 500 U.S. companies that trade on regulated U.S. exchanges by market capitalization. As of December 31, 2025, the market capitalization of companies in the Index ranged from approximately $5.9 billion to $4.6 trillion. The index administrator, BITA GmbH (the "Index Administrator"), then eliminates companies from this investable universe using data obtained from As You Sow, an unaffiliated non-profit organization that promotes environmental responsibility through shareholder advocacy. As You Sow eliminates companies from the Index based primarily on their risk profile of being exposed to the fossil fuel industry and secondarily, by other exclusionary screens, including companies engaged in deforestation activities, civilian and military firearms manufacturing and related guns/arms sales, prison and border security operations, and tobacco and e-cigarette manufacturing. The elimination of these companies from the Index is intended to foster and support the climate-focused, social investing goals of the Fund.

On a periodic basis, As You Sow publishes the current uninvestable lists, which are principally comprised of companies that contribute to climate change through fossil fuel activities. As You Sow designates a company as an uninvestable fossil fuel company if the company is engaged in producing, distributing, or refining fossil fuels; holding reserves of fossil fuels; is a utility that is primarily fossil fuel-powered, or is a producer of equipment for any of the above (i.e., companies that engage in oil, gas, or coal production, and related activities). The Index also excludes other uninvestable companies as determined from time to time by As You Sow.

If a company is included in As You Sow's uninvestable list, that company is not eligible for inclusion in the Index. The Index Administrator then re-weights the remaining companies on a free-float market capitalization basis. A company's free float-adjusted market capitalization is calculated by multiplying the number of shares readily available in the market by the price of such shares.

The Index is typically composed of approximately 400-450 companies and is rebalanced and reconstituted quarterly as of close on the third Friday of March, June, September, and December, respectively, based on data as of the close of business on the Friday of such reconstitution month. As of December 31, 2025, the Index was composed of 404 companies.

***The Fund's Investment Strategy***

The Fund attempts to invest all, or substantially all, of its assets in the component securities that make up the Index in weightings that approximate the relative composition of the Index. By investing in component securities of the Index, under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities issued by companies that do not (1) derive any revenue from the sale of fossil fuels, (2) hold fossil fuel related assets or reserves, (3) use fossil fuels for power generation, or (4) produce fossil fuel-related equipment. By excluding companies that engage in these fossil fuel activities, the Index, and therefore the Fund, are not exposed to companies with material climate change risk. The Fund may invest in companies that use fossil fuel as part of their business or have used fossil fuels in the past.

Reflection Asset Management, LLC (the "Adviser"), serves as the investment adviser for the Fund and is responsible for trading on behalf of the Fund in line with the Index. Consistent with the Index, the Adviser rebalances the Fund quarterly. The Fund will generally use a "replication" strategy to achieve its investment objective, meaning it will invest in all the component securities of the Index in approximately the same weightings as in the Index. This is referred to as a passive or indexing approach to investing.

To the extent the Index concentrates (i.e., holds more than 25% of its total assets) in the securities of a particular industry or group of related industries, the Fund will concentrate its investments to approximately the same extent as the Index. As of the fiscal year ended September 30, 2025, the Index was not concentrated in any industry or group of industries; however, the Index, and therefore the Fund, had significant exposure to the information technology sector. As of the fiscal year ended September 30, 2025, the Fund had invested 40.25% of its net assets in the information technology sector.

***Climate-Focused Investing***

By investing in the Index, the Fund will not invest in companies that contribute to climate change in a material way through their fossil fuel activities. According to the U.S. Energy Information Administration, in 2022, 74% of greenhouse gas emissions came from burning fossil fuels. The Fund also seeks to vote proxies in a climate-focused way, such as voting for proposals to reduce or eliminate greenhouse gas emissions, using voting guidelines from As You Vote, an affiliate of As You Sow.

**Principal Risks**

Before investing in the Fund, you should carefully consider your own investment goals, the amount of time you are willing to leave your money invested, and the amount of risk you are willing to take. Remember, in addition to possibly not achieving your investment goals, you could lose all or a portion of your investment in the Fund over long or even short periods of time. The principal risks of investing in the Fund are:

* **Climate Investing Considerations Risk.** Considerations
related to climate risk, such as environmental criteria (e.g., fossil fuel screens), applied to the
Index's construction may limit the number of investment opportunities available to the Fund, and as a result, at times, the Fund
may underperform funds that are not subject to similar investment restrictions. For example, the Index may exclude certain securities
due to climate-focused considerations when other investment considerations would suggest that investing in such securities would be advantageous.
The Fund may also underperform funds that invest in the energy and utilities sectors, particularly in times of rising oil, gas and energy
prices.

* **General Market Risk; Recent Market Events.** The market price of a security
or instrument may decline, sometimes rapidly or unpredictably, due to general market conditions that are not specifically related to
a particular company, such as domestic and foreign (non-U.S.) economic growth and real or perceived adverse economic or political conditions
throughout the world, including war, social unrest, natural disasters, public health crises (including the occurrence of a

*Summary Prospectus* 3 *Sphere 500 Climate Fund*

contagious disease or illness), changes in the general outlook for corporate earnings, inflation, changes in interest or currency rates or adverse investor sentiment generally. Although the U.S. government has honored its credit obligations, it remains possible that the U.S. could default on its obligations. While it is impossible to predict the consequences of such an unprecedented event, it is likely that a default by the U.S. would be highly disruptive to the U.S. and global securities markets and could significantly impair the value of the Fund's investments. Similarly, political events within the U.S. at times have resulted, and may in the future result, in a shutdown of government services, which could negatively affect the U.S. economy, decrease the value of the Fund's investments, and increase uncertainty in or impair the operation of the U.S. or other securities markets. In recent years, the U.S. renegotiated many of its global trade relationships and imposed or threatened to impose significant import tariffs. These actions could lead to price volatility and overall declines in U.S. and global investment markets. The market value of a security or instrument also may decline because of factors that affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. These events may lead to economic uncertainty, decreased economic activity, and increased market volatility. Given the interconnectedness of markets around the world, even if these events or conditions affect only a single or small number of issuers or countries, they may have disruptive effects across global economies and markets. The change in the presidential administration in 2025 has resulted in significant impacts to international trade relations, tax and immigration policies, and other aspects of the national and international political and financial landscape, which could affect, among other things, inflation and the securities markets generally.

Continuing market volatility as a result of recent market conditions or other events may have adverse effects on the Fund's returns. The Adviser will monitor developments and seek to manage the Fund in a manner consistent with achieving the Fund's investment objective, but there can be no assurance that it will be successful in doing so.

* **Small Fund Risk.** There can be no assurance
that the Fund will grow to or maintain an economically viable size, in which case the Board of Trustees may determine to liquidate the
Fund. Liquidation of the Fund can be initiated without shareholder approval by the Board of Trustees if it determines that liquidation
is in the best interest of shareholders. As a result, the timing of any potential liquidation of the Fund may not be favorable.

* **Common Stock Risk.** Common stocks are susceptible
to general stock market fluctuations and to volatile increases and decreases in value as market confidence in and perceptions of their
issuers change.

* **Large-Capitalization Risk.** Larger, more established
companies may be unable to respond quickly to new competitive challenges such as changes in technology and consumer tastes. Larger companies
also may not be able to attain the high growth rates of successful smaller companies.

* **Sector Risk.** To the extent the Fund invests
more heavily in particular sectors of the economy, its performance will be especially sensitive to developments that significantly affect
those sectors.

* *Information Technology Sector Risk.* Market
or economic factors impacting information technology companies and companies that rely heavily on technological advances could have a
significant effect on the value of the Fund's investments. The value of stocks of information technology companies and companies
that rely heavily on technology is particularly vulnerable to rapid changes in technology product cycles, rapid product obsolescence,
government regulation and competition, both domestically and internationally, including competition from foreign competitors with lower
production costs. Stocks of information technology companies and companies that rely heavily on technology, especially those of smaller,
less-seasoned companies, tend to be more volatile than the overall market. Information technology companies are heavily dependent on
patent and intellectual property rights, the loss or impairment of which may adversely affect profitability.

* **Industry Concentration Risk.** In following its methodology, the Index
from time to time may be concentrated to a significant degree in securities of issuers located in a single industry or group of industries.
To the extent that the Index concentrates in the securities of issuers in a particular industry or group of industries, the Fund also
may concentrate its investments to approximately the same extent. By concentrating its investments in an industry or group of industries,
the Fund may face more risks than if it were diversified broadly over numerous industries or groups of industries.
If the Index is not concentrated in a particular industry or group of industries, the Fund will not concentrate in a particular industry
or group of industries.

* **Passive Investment Risk.** The Fund is not
actively managed and the Adviser will not sell a security due to current or projected underperformance of a security, industry or sector,
unless that security is removed from the Index or the selling of shares of that security is otherwise required upon a reconstitution
of the Index in accordance with the Index methodology. The Fund invests in securities included in the Index, regardless of their investment
merits. The Fund does not take defensive positions under any market conditions, including conditions that are adverse to the performance
of the Fund.

* **Index Calculation Risk.** There is no assurance
that the Index Administrator will compile the Index accurately or that the Index will be reconstituted, rebalanced, calculated or disseminated
accurately. The Index relies directly or indirectly on various sources of information to assess the criteria of issuers included in the
Index, including information that may be based on assumptions and estimates. Neither the Fund, the Index Administrator, or the Adviser
can offer assurances that the Index's calculation methodology or sources of information will provide an accurate assessment of
included issuers or a correct valuation of securities, nor can they guarantee the availability or timeliness of the production of the
Index.

*Summary Prospectus* 4 *Sphere 500 Climate Fund*

* **Cybersecurity Risk.** With the increased use
of technologies such as the Internet to conduct business, the Fund is susceptible to operational, information security, and related risks.
Cyber incidents affecting the Fund or its service providers may cause disruptions and impact business operations, potentially resulting
in financial losses, interference with the Fund's ability to calculate its net asset value ("NAV"), impediments to
trading, the inability of shareholders to transact business, violations of applicable privacy and other laws, regulatory fines, penalties,
reputational damage, reimbursement or other compensation costs, or additional compliance costs.

* **Third-Party Data Risk.** The composition of
the Index, and consequently the Fund's portfolio, is heavily dependent on information and data published by independent third parties
("Third-Party Data"). When Third-Party Data proves to be incorrect or incomplete, any decisions made in reliance thereon
may lead to the inclusion or exclusion of securities from the Index that would have been excluded or included had the Third-Party Data
been correct and complete. If the composition of the Index reflects such errors, the Fund's portfolio can also be expected to reflect
the errors.

* **Tracking Error Risk.** As with all index funds,
the performance of the Fund and its Index may differ from each other for a variety of reasons. For example, the Fund incurs operating
expenses and portfolio transaction costs not incurred by the Index. In addition, the Fund may not be fully invested in the securities
of the Index at all times or may hold securities not included in the Index.

* **Operational Risk.** Operational risks include
human error, changes in personnel, system changes, faults in communication, and failures in systems, technology, or processes. Various
operational events or circumstances are outside the Adviser's control, including instances at third parties. The Fund and the Adviser
seek to reduce these operational risks through controls and procedures. However, these measures do not address every possible risk and
may be inadequate to address these risks.

**Performance**

On April 12, 2024, the Fund acquired all of the assets and liabilities of the Sphere 500 Climate Fund, a series of Manager Directed Portfolios (the "Predecessor Fund"), in a tax-free reorganization (the "Reorganization"). In connection with the Reorganization, shares of the Predecessor Fund were exchanged for shares of the Fund. The Predecessor Fund had an investment objective and strategies that were, in all material respects, the same as those of the Fund, and was managed in a manner that, in all material respects, complied with the investment guidelines and restrictions of the Fund. The Predecessor Fund commenced operations on October 4, 2021. The Fund's performance for periods prior to April 12, 2024, is that of the Predecessor Fund. The Fund is a continuation of the Predecessor Fund, and therefore, the performance information includes the performance of the Predecessor Fund. Prior to the Reorganization, the Fund was a "shell" fund with no assets and had not yet commenced operations.

The bar chart and performance table below illustrate the risk of investing in the Fund by showing the performance of the Fund's shares from year to year and by showing the Fund's average annual total returns compared with those of a broad-based market index and the Index. The performance of the Fund and of the Predecessor Fund was calculated net of the Fund's and Predecessor Fund's respective fees and expenses. Institutional Class shares, which commenced operations on September 16, 2025, and therefore does not have a full calendar year of performance, would have had substantially similar annual returns because the shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that the classes do not have the same expenses. The Fund's performance has not been restated to reflect any differences in expenses paid by the Predecessor Fund and those paid by the Fund. The Predecessor Fund's performance is included because the Fund believes that the performance information presented is relevant for consideration by prospective Fund investors. **Although the actual performance of the Predecessor Fund is not the performance of the Fund, the Fund has adopted the performance of the Predecessor Fund as its performance. Such performance is not necessarily indicative of the Fund's future performance.**

The Fund's Institutional Class shares commenced operations on September 16, 2025, and so the class does not have a full calendar year of performance. The information provided in the bar chart represents returns of Class R6 shares (which was previously an undesignated share class of the Fund). The Fund had a different fee structure prior to September 16, 2025.

The Fund's past performance, both before and after taxes, does not necessarily indicate how the Fund will perform in the future. Updated performance information is also available on the Fund's website at www.oursphere.org/fund.

**Calendar Year Total Return (before taxes) as of December 31 – Class R6 Shares**

![](image_001.gif)

During the period of time shown in the bar chart for Class R6 shares, the highest return for a calendar quarter was 12.92% for the quarter ended December 31, 2023, and the lowest return for a calendar quarter was -15.97% for the quarter ended June 30, 2022.

*Summary Prospectus* 5 *Sphere 500 Climate Fund*

**Average Annual Total Returns**

(For the Periods Ended December 31, 2025)

---

| | | |
|:---|:---|:---|
| | **1 Year** | **Since Inception (October 4, 2021)** |
| **Sphere 500 Climate Fund – Class R6** |  |  |
| &nbsp;&nbsp;Return Before Taxes | 18.04% | 12.84% |
| &nbsp;&nbsp;Return After Taxes on Distributions | 15.69% | 12.08% |
| &nbsp;&nbsp;Return After Taxes on Distributions and Sale of Fund Shares | 11.40% | 9.99% |
| **Sphere 500 Climate Fund – Institutional Class** |  |  |
| &nbsp;&nbsp;Return Before Taxes | 17.93%<sup>(1)</sup> | 12.73%<sup>(1)</sup> |
| **S&P 500<sup>®</sup> Index<sup>(2)</sup>** (reflects no deduction for fees, expenses or taxes) | 17.88% | 13.25% |
| **Sphere 500 Fossil-Free Index™<sup>(3)</sup>**<br> (reflects no deduction for fees, expenses or taxes) | 17.46% | 12.78% |

---

(1) Institutional Class shares of the Fund commenced operations on September
16, 2025. The performance shown for Institutional Class shares for periods pre-dating the commencement of operations of the class reflects
the performance of the Fund's Class R6 shares, the initial share class, calculated using the fees and expenses of Institutional
Class shares, and without the effect of any fee and expense limitations or waivers. If Institutional Class shares of the Fund had been
available during periods prior to September 16, 2025, the performance shown may have been different.

(2) The S&P 500 Index is a market-capitalization-weighted index of the 500
largest U.S. publicly traded companies. The S&P 500 Index is a float-weighted index, meaning company market capitalizations are adjusted
by the number of shares available for public trading. Investors cannot invest directly in an index or benchmark. Index returns are gross
of any fees, brokerage commission or other expenses of investing.

(3) For additional information regarding this index, see the discussion under
the sub-heading "The Index" in the Summary Section of this Prospectus. Investors cannot invest directly in an index or benchmark.
Index returns are gross of any fees, brokerage commission or other expenses of investing.

After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who are exempt from taxation or hold their Predecessor Fund shares through tax-deferred or other tax-advantaged arrangements, such as 401(k) plans or individual retirement accounts ("IRAs"). In certain cases, the figure representing "Return After Taxes on Distributions and Sale of Fund Shares" may be higher than the other return figures for the same period. A higher after-tax return results when a capital loss occurs upon redemption and provides an assumed tax deduction that benefits the investor.

**Management of the Fund**

***Investment Adviser***

Reflection Asset Management, LLC serves as investment adviser to the Fund.

***Portfolio Manager***

Jason Britton, Chief Executive Officer and Portfolio Manager of the Adviser, is responsible for the day-to-day management of the Fund's portfolio and has served as portfolio manager since the Predecessor Fund's inception in 2021.

**Purchase and Sale of Fund Shares**

You may purchase or redeem each of the Fund shares on any business day by written request via mail to: Sphere 500 Climate Fund, c/o Ultimus Fund Solutions, LLC, 225 Pictoria Drive, Suite 450, Cincinnati, OH 45246, by telephone at 1-844-2SPHERE, by wire transfer or through a financial intermediary. Investors who wish to purchase or redeem Fund shares through a financial intermediary should contact the intermediary directly. There is no minimum initial investment in Class R6 or Institutional Class shares of the Fund, and additional investments in Class R6 and Institutional Class shares of the Fund may be made in any amount.

***Tax Information***

The Fund's distributions will be taxed as ordinary income or capital gains, unless you are an investor who is exempt from taxation or are investing through a tax-deferred or other tax-advantaged arrangement, such as a 401(k) plan or an IRA. You may be taxed later upon withdrawal of monies from tax-deferred arrangements. You should consult your personal tax adviser on your particular circumstances.

**Payments to Broker-Dealers and Other Financial Intermediaries**

If you purchase Fund shares through a broker-dealer or other financial intermediary (such as a bank), the Fund, the Adviser, and their related companies may pay the intermediary for the sale of Fund shares and related services. These payments may create conflicts of interest by influencing the broker-dealer or other intermediary and your salesperson to recommend the Fund over another investment. Ask your salesperson or visit your financial intermediary's website for more information.

*Summary Prospectus* 6 *Sphere 500 Climate Fund*