ETF Evaluator: North Square Disciplined Value ETF (NSIV) Follow This ETF

North Square Disciplined Value ETF Overview

North Square Disciplined Value ETF (NSIV) is an actively managed U.S. Equity Large Value exchange-traded fund (ETF). North Square launched the ETF in 2026.

The investment seeks to outperform the Russell 1000® Value Index over a market cycle using a fundamental and quantitative investment approach. 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 a diversified portfolio of equity and equity-related securities of companies that exhibit value characteristics.

About North Square Disciplined Value ETF (NSIV)

There are 3 members of the management team with an average tenure of 0.06 years: Ted Moore (2026), Graham Harkins (2026) and Mary Matts (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.

North Square Disciplined Value ETF has 57 securities in its portfolio. The top 10 holdings constitute 30.3% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

North Square Disciplined Value ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. North Square Disciplined Value ETF has 5.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 92.4% There is 5.1% 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 Disciplined Value ETF has 2.5% of the portfolio in cash.

Assets Under Management

The fund has $77 million in total assets, which is below the $5 billion average for the Large Value 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.

NSIV 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 Disciplined Value ETF expense ratio is below average compared to funds in the Large Value category. North Square Disciplined Value ETF has an expense ratio of 0.38%, which is 2% higher than its category average, making the fund expense ratio grade a C. 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 Disciplined Value 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 40% for the Large Value category.

Recently, in the month of July 2026, North Square Disciplined Value ETF returned 0.0%, which earned it a grade of NA, as the Large Value category had an average return of 2.4%. 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 Disciplined Value ETF has a trailing yield of 0.00%, which is below the 1.70% 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 Disciplined Value ETF, including its riskiness, submit your email to unlock the rest of the article.