Nasdaq - Delayed Quote USD

North Square Preferred and Income Secs I (ORDNX)

20.16 +0.04 (+0.20%)
At close: 8:00 PM EDT

Fund Summary

Under normal market conditions, the fund invests at least 80% of its net assets in a portfolio of preferred and debt securities issued by U.S. and non-U.S. companies, including traditional preferred securities. The fund may invest over 25% of its net assets in the financials sector, which is comprised of the bank, diversified financials, real estate and insurance industries. The adviser pursues its investment objective by primarily investing in preferred and debt securities and other income producing securities and securities of other investment companies.

North Square Preferred and Income Secs I

10 SOUTH LASALLE STREET, SUITE 1925

Fund Overview

Category Preferred Stock
Fund Family North Square
Net Assets 114.91M
YTD Return 5.81%
Yield 4.69%
Morningstar Rating
Inception Date Jun 28, 2013

Fund Operations

Last Dividend 0.23
Last Cap Gain -7.00
Holdings Turnover 260.00%
Average for Category --

Fees & Expenses

Expense ORDNX Category Average
Annual Report Expense Ratio (net) 0.97% 1.00%
Prospectus Net Expense Ratio 0.97% --
Prospectus Gross Expense Ratio 1.20% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 4.00%
Max Deferred Sales Load -- 1.00%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

John L Cassady, Lead Manager since January 11, 2022
John L. Cassady III is Managing Partner, Chief Executive Officer and Chief Investment Officer for Red Cedar Investment Management. He started in the industry in 1987 and joined Red Cedar in 2018. Prior to that, he was an investment professional for ClearArc Capital where he served in varying roles from 2001- 2018, including Director of Fixed Income and Senior Portfolio Manager. While at ClearArc Capital, Mr. Cassady managed Core Fixed Income, Core Plus Fixed Income, Asset Allocation and a multi-sector low correlation strategy. Before joining ClearArc Capital, he held a similar position at Lyon Street Asset Management, a subsidiary of Old Kent Bank, which was acquired by Fifth Third Bank (an affiliated company of ClearArc Capital). Previously, he was a fixed income Portfolio Manager at Atlantic Portfolio Analytics & Management (APAM) which has since been acquired by Semper Capital Management. He is a CFA® charterholder and member of the CFA Society West Michigan. Mr. Cassady graduated from Georgia Institute of Technology with a B.S. in Industrial Management.

Morningstar Style Box

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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