North Square Select Small Cap Fund Receives Its First Morningstar Overall Rating of Five Stars
The North Square Select Small Cap Fund (ADVGX) has achieved a significant milestone by receiving its first Morningstar Overall Rating of five stars among 591 Small Blend category funds, based on risk-adjusted performance as of January 31, 2025. The Fund, previously known as North Square Advisory Research Small Cap Value Fund, ranked in the top 6% of its peer group, placing 33rd among 591 funds.
The Fund's portfolio managers from Advisory Research employ a private equity approach to public markets, focusing on downside risk management and unlocking shareholder value. Portfolio managers Matt Swaim, Christopher Harvey, and Bruce Zessar, with an average of 24 years of investment experience, target undervalued businesses in the small-cap sector, which is currently trading at a discount relative to the broader market.
Il North Square Select Small Cap Fund (ADVGX) ha raggiunto un traguardo significativo ricevendo il suo primo rating complessivo di cinque stelle da Morningstar tra 591 fondi della categoria Small Blend, basato sulle performance corrette per il rischio al 31 gennaio 2025. Il fondo, precedentemente noto come North Square Advisory Research Small Cap Value Fund, si è classificato nel top 6% del suo gruppo di riferimento, posizionandosi al 33° posto tra 591 fondi.
I gestori del portafoglio del fondo di Advisory Research adottano un approccio di private equity ai mercati pubblici, concentrandosi sulla gestione del rischio al ribasso e sullo sblocco del valore per gli azionisti. I gestori del portafoglio Matt Swaim, Christopher Harvey e Bruce Zessar, con una media di 24 anni di esperienza negli investimenti, mirano a aziende sottovalutate nel settore delle small-cap, che attualmente sono scambiate a sconto rispetto al mercato più ampio.
El North Square Select Small Cap Fund (ADVGX) ha alcanzado un hito significativo al recibir su primera calificación general de cinco estrellas de Morningstar entre 591 fondos de la categoría Small Blend, basado en el rendimiento ajustado al riesgo al 31 de enero de 2025. El fondo, anteriormente conocido como North Square Advisory Research Small Cap Value Fund, se clasificó en el top 6% de su grupo de pares, ocupando el puesto 33 entre 591 fondos.
Los gestores de cartera del fondo de Advisory Research emplean un enfoque de capital privado en los mercados públicos, enfocándose en la gestión del riesgo a la baja y en desbloquear el valor para los accionistas. Los gestores de cartera Matt Swaim, Christopher Harvey y Bruce Zessar, con un promedio de 24 años de experiencia en inversiones, apuntan a empresas infravaloradas en el sector de small-cap, que actualmente se negocian a un descuento en relación con el mercado más amplio.
North Square Select Small Cap Fund (ADVGX)는 2025년 1월 31일 기준으로 위험 조정 성과를 바탕으로 591개의 Small Blend 카테고리 펀드 중에서 첫 번째로 모닝스타 종합 등급 5성을 받으며 중요한 이정표를 세웠습니다. 이전에 North Square Advisory Research Small Cap Value Fund로 알려졌던 이 펀드는 동료 그룹 중 상위 6%에 해당하며, 591개 펀드 중 33위에 올랐습니다.
Advisory Research의 포트폴리오 매니저들은 공개 시장에 대한 사모펀드 접근 방식을 사용하여 하방 위험 관리와 주주 가치를 창출하는 데 집중하고 있습니다. 포트폴리오 매니저인 Matt Swaim, Christopher Harvey, Bruce Zessar는 평균 24년의 투자 경험을 가지고 있으며, 현재 시장에 비해 할인된 가격으로 거래되고 있는 소형주 부문에서 저평가된 기업을 목표로 하고 있습니다.
Le North Square Select Small Cap Fund (ADVGX) a atteint une étape importante en recevant sa première évaluation globale de cinq étoiles par Morningstar parmi 591 fonds de la catégorie Small Blend, basée sur la performance ajustée au risque au 31 janvier 2025. Le fonds, auparavant connu sous le nom de North Square Advisory Research Small Cap Value Fund, s'est classé dans le top 6% de son groupe de pairs, se plaçant au 33e rang parmi 591 fonds.
Les gestionnaires de portefeuille du fonds d'Advisory Research adoptent une approche de capital-investissement sur les marchés publics, en se concentrant sur la gestion des risques à la baisse et le déblocage de la valeur pour les actionnaires. Les gestionnaires de portefeuille Matt Swaim, Christopher Harvey et Bruce Zessar, avec une moyenne de 24 ans d'expérience en investissement, visent des entreprises sous-évaluées dans le secteur des small-cap, qui se négocient actuellement à un prix réduit par rapport au marché plus large.
Der North Square Select Small Cap Fund (ADVGX) hat einen bedeutenden Meilenstein erreicht, indem er seine erste Morningstar Gesamtbewertung von fünf Sternen unter 591 Fonds der Kategorie Small Blend erhalten hat, basierend auf der risikoadjustierten Performance zum 31. Januar 2025. Der Fonds, zuvor bekannt als North Square Advisory Research Small Cap Value Fund, belegte den Top 6% seiner Peer-Gruppe und erreichte den 33. Platz unter 591 Fonds.
Die Portfoliomanager des Fonds von Advisory Research verfolgen einen Private-Equity-Ansatz für öffentliche Märkte, wobei sie sich auf das Management von Abwärtsrisiken und die Freisetzung von Aktionärswerten konzentrieren. Die Portfoliomanager Matt Swaim, Christopher Harvey und Bruce Zessar haben im Durchschnitt 24 Jahre Erfahrung im Investmentbereich und zielen auf unterbewertete Unternehmen im Small-Cap-Sektor ab, der derzeit im Vergleich zum breiteren Markt mit einem Abschlag gehandelt wird.
- Received prestigious five-star Morningstar rating
- Ranked in top 6% of Small Blend category funds (33rd among 591)
- Experienced portfolio management team with average 24 years experience
- Fund targets undervalued opportunities in discounted small-cap sector
- track record - no ratings available for 5 or 10-year periods
- Past performance does not guarantee future results as stated in disclosure
Class I shares also received five stars for the three-year period ended 1/31/25 among 591 Small Blend category funds, but has not yet received ratings for five or ten years. For the same period, the Select Small Cap Fund finished among the top
Call 855-551-5521 or visit northsquareinvest.com for the most recent month-end performance results. Current performance may be lower or higher than the performance data quoted. The performance data quoted represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance shown reflects contractual fee waivers. Without such waivers, total returns would be reduced. Short term performance, in particular, is not a good indication of the fund's future performance, and an investment should not be made based solely on returns.
"We congratulate our North Square Select Small Cap Fund portfolio managers at Advisory Research for the Select Small Cap Fund's first Morningstar rating of five stars, which we consider a very positive debut," said North Square CEO and Co-Founder Mark Goodwin. "We are also pleased to rename the Fund to highlight our subadvisor's fundamental, research-intensive methodology that generally results in a high conviction portfolio of select small cap stocks."
"As the Fund pursues its investment objective of long-term capital appreciation, we believe Advisory Research's private equity approach to the public markets—with its strong focus on downside risk management and company specific actions to unlock shareholder value—differentiates the firm from many small cap equity managers.
Advisory Research Chairman Matt Swaim, CFA, is one of the three portfolio managers of the Select Small Cap Fund, along with his colleagues (also Managing Directors) Christopher Harvey, CFA, and Bruce Zessar, CFA. The three portfolio managers have an average 24 years of investment industry experience.
"We are delighted the Select Small Cap Fund has received an overall rating of five stars from Morningstar," Swaim said. "In today's market, we see a unique opportunity to identify undervalued businesses in a segment that is often overlooked. While the small-cap sector is currently trading at a discount relative to the broader market, it is also ripe with inefficiencies. These inefficiencies arise from a growing trend where many investors, rather than focusing on individual businesses, gain exposure through broad market ETFs (Exchange Traded Funds). We believe in owning businesses with strong competitive moats, the potential for high-quality reinvestment opportunities, and management teams whose incentives are aligned with our long-term objectives. We understand that incentives drive outcomes, and the strong performance of the Fund reflects this alignment."
For additional Fund performance information, portfolio holdings, and characteristics, please see the North Square Select Small Cap Fund's Fact Sheet.
About Advisory Research
Advisory Research Investment Management, a
About North Square
Founded in 2018 and headquartered in
Principal Risks of Investing: Risk is inherent in all investing including an investment in the Fund. An investment in the Fund involves risk, including the following principal risks, among others: Equity Risk, Sector Focus Risk, Market Risk, Small-Cap Company Risk, Preferred Securities Risk, Convertible Securities Risk, Currency Risk, Value-Oriented Investment Strategies Risk, Foreign Investment Risk, and Management and Strategy Risk. Summary descriptions of these and other principal risks of investing in the Fund are set forth in the Fund's prospectus. Before you decide whether to invest in the Fund, carefully consider these risk factors associated with investing in the Fund, which may cause investors to lose money. There can be no assurance that the Fund will achieve its investment objective. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Please see the Fund's prospectus for additional risk disclosures.
Before investing you should carefully consider the Fund's investment objectives, risks, charges and expenses. This and other information is in the prospectus, a copy of which may be obtained by calling 855-551-5521. Please read the prospectus carefully before you invest.
The Morningstar Rating™ for funds, or "star rating", is calculated monthly for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top
© 2025 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
Morningstar Rankings represent a fund's total return percentile rank relative to all funds in the same Morningstar Category for the same time period. The highest (or most favorable) percentile rank is
For the one-year period ended 1/31/25, the Select Small Cap Fund finished among the top
A competitive or economic moat, often attributed to investor Warren Buffett, is a term used to describe a company's competitive advantage. Like a moat protects a castle, certain advantages help protect companies from their competitors.
North Square is an independent investment adviser registered under the Investment Advisers Act of 1940, as amended. Registration does not imply a certain level of skill or training. Information contained herein derives from third-party sources believed to be reliable by the Adviser. However the accuracy and completeness cannot be guaranteed.
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SOURCE North Square Investments
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