AAII ETF Evaluator

ETF Evaluator: North Square Growth Opportunities ETF (NSIG) Follow This ETF

Equity
Global Asset Class
U.S. Equity
Fund Group
Large Growth
Category
$0.000
Last Trade
(as of )
$ 58 Mil
Share Class Assets
na
TTM Yield
$0.000 - $0.000
52-Wk High-Low Range
0.38% B
Expense Ratio
na
Portfolio Turnover
141 (k)
Avg. Daily Trading Vol.

Best Performing in Large Growth Over the Last Year

58.0% ProShares Nasdaq-100 Drsy Wght Momt ETF (QQQA)
49.0% F/m Emerald Special Situations ETF (SPIT)
45.1% Grizzle Growth ETF (DARP)
41.9% MarketDesk Focused U.S. Momentum ETF (FMTM)
34.1% US Vegan Climate ETF (VEGN)
Data as of 7/31/2026
na (NAV)
na (Price)
1-Mo Return
na (NAV)
na (Price)
3-Mo Return
na (NAV)
na (Price)
YTD Return
na (NAV)
na (Price)
1-Yr Return
na (NAV)
na (Price)
3-Yr Return
na (NAV)
na (Price)
5-Yr Return
na
Category
Risk
Index
na
Total
Risk
Index

ETF Details

Fund Family
North Square

Inception Date
7/8/2026

Website

Phone
855-514-7733

Primary Benchmark
N/A: 100%

Additional Fund Details

North Square Growth Opportunities ETF Overview

North Square Growth Opportunities ETF (NSIG) is an actively managed U.S. Equity Large Growth exchange-traded fund (ETF). North Square launched the ETF in 2026.

The investment seeks to achieve medium to long-term capital growth. The fund is an actively-managed exchange-traded fund (“ETF”) that, under normal circumstances, will invest at least 80% of its net assets (including borrowings for investment purposes) in equity and equity-related securities of U.S. companies with growth characteristics. It is non-diversified.

About North Square Growth Opportunities ETF (NSIG)

There are 1 members of the management team with an average tenure of 0.06 years: Saverio Papagno (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.

North Square Growth Opportunities ETF has 83 securities in its portfolio. The top 10 holdings constitute 59.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

North Square Growth Opportunities ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. North Square Growth Opportunities ETF has 2.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 94.1% There is 2.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). North Square Growth Opportunities ETF has 3.9% of the portfolio in cash.

Assets Under Management

The fund has $57 million in total assets, which is below the $8 billion average for the Large Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

NSIG Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The North Square Growth Opportunities ETF expense ratio is below average compared to funds in the Large Growth category. North Square Growth Opportunities ETF has an expense ratio of 0.38%, which is 23% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. North Square Growth Opportunities ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 74% for the Large Growth category.

Recently, in the month of July 2026, North Square Growth Opportunities ETF returned 0.0%, which earned it a grade of NA, as the Large Growth category had an average return of -3.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

North Square Growth Opportunities ETF has a trailing yield of 0.00%, which is below the 0.53% category average. The fund normally distributes its income semi-annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.

Otherwise, for more information about North Square Growth Opportunities ETF, including its riskiness, submit your email to unlock the rest of the article.


NSIG Trailing NAV Total Returns Data as of 7/31/26

Last
Month
Last
Quarter
Ann'l.
1Yr
Ann'l.
3Yr
Ann'l.
5Yr
Ann'l.
10Yr
NSIG Return (NAV) na na na na na na
NSIG Return (Price) na na na na na na
NAV +/- Price Return na na na na na na
Large Growth Avg -3.8% 2.7% 13.0% 19.6% 9.9% 15.8%
NSIG Grade (NAV) na na na na na na
+/- Category (NAV) na na na na na na
NSIG Tax-Cost Ratio na na na na na na

NSIG Annual NAV Total ReturnsData as of 7/31/26

2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
NSIG Return (NAV) na na na na na na na na na na na
NSIG Return (Price) na na na na na na na na na na na
NAV +/- Price Ret na na na na na na na na na na na
Large Growth Avg 6.2% 16.9% 30.5% 38.6% -30.7% 21.6% 37.2% 33.0% -2.1% 28.4% 5.0%
NSIG Grade (NAV) na na na na na na na na na na na
+/- Category na na na na na na na na na na na
Risk Measures
Beta: na
R-Squared: na
Standard Deviation: na
Category Risk Index: na
Category Risk Rating:
Total Risk Index: na
Total Risk Rating:
Portfolio Characteristics
Yield: --
Total Assets: $ 58 Mil
Share Class Assets: $ 58 Mil
Turnover: na
Expense Ratio: 0.38%
Index Fund: No
Index Tracked: N/A
Index Weighting: 100%
Leveraged: No
Socially Responsible Fund: No
Capital Gains Distribution Frequency: Annually
Income Distribution Frequency: Semi-Annually

Management Team

Number of Managers: 1
Longest Tenure: 0.1 years
Average Tenure: 0.1 years
Managers (Year): Papagno Saverio (2026)

Portfolio Composition (as of 7/31/26)

# of Holdings: 83
% in Top 10 Holdings: 59.0%
Fund is Non-Diversified: Yes
% in Foreign Issues: 2.0%
 

Portfolio Allocation

Domestic Stock: 94.1%
Foreign Stock: 2.0%
Preferred Stock: 0.0%
Domestic Bond: 0.0%
Foreign Bond: 0.0%
Convertible Bond: 0.0%
Other: 0.0%
Cash: 3.9%

Purchase Information

Legal Structure: Open Ended Investment Company
Fund Family: North Square
Phone Number: 855-514-7733
Website:
Inception Date: July 8, 2026

Expenses and Fees

Expense Ratio (%): 0.38% (Rating: Below Avg)
Category Average Expense Ratio (%): 0.49%
Copyright 2026 American Association of Individual Investors and Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (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.