Fund Evaluator:

North Square Altrinsic Intl Eq I Overview

North Square Altrinsic Intl Eq I (NSIVX) is an actively managed International Equity Foreign Large Value fund. North Square launched the fund in 2020.

The investment seeks to provide long-term growth of capital. The fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of the fund's net assets (plus the amount of any borrowings for investment purposes) in non-U.S. equity securities (including common stock, preferred stock, and depositary receipts) of companies from at least three countries other than the United States. These countries may include emerging market countries.

About North Square Altrinsic Intl Eq I (NSIVX)

There are 3 members of the management team with an average tenure of 5.74 years: John DeVita (2020), Rich McCormick (2020), John Hock (2020). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: MSCI EAFE NR USD index with a weighting of 100%. North Square Altrinsic Intl Eq I has 68 securities in its portfolio. The top 10 holdings constitute 26.4% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

North Square Altrinsic Intl Eq I is part of the Equity global asset class and is within the International Equity fund group. North Square Altrinsic Intl Eq I has 86.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 11.4%. There is 86.5% 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 Altrinsic Intl Eq I has 2.1% of the portfolio in cash.

Assets Under Management

The fund has $85 million in total assets, which is below the $992 million average for the Foreign 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.

NSIVX 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 Altrinsic Intl Eq I expense ratio is high compared to funds in the Foreign Large Value category. North Square Altrinsic Intl Eq I has an expense ratio of 0.98%, which is 6% lower 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 Altrinsic Intl Eq I has a portfolio turnover rate of 31%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Foreign Large Value category.

Recently, in the month of August 2026, North Square Altrinsic Intl Eq I returned 1.4%, which earned it a grade of C, as the Foreign Large Value category had an average return of 1.5%. 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 funds in that category.

North Square Altrinsic Intl Eq I has a trailing yield of 2.53%, which is below the 2.71% category average. The fund normally distributes its income 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.

North Square Altrinsic Intl Eq I Grades

Year to date, the fund has returned 11.5%, 5.1 percentage points worse than the category, which translates into a grade of F. The fund has returned 17.5% over the past year (grade of F), 15.2% over the past three years (grade of F) and 8.5% per year over the past five years (grade of F).

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