Lone Peak SMID and international value ETFs dated at a 0.70% unitary fee
Exchange Place Advisors Trust filed a 485BPOS on September 9, 2026, dating September 10 prospectuses for Lone Peak SMID Value ETF LPSV and International Value ETF LPIV at a 0.70% unitary fee.
Lone Peak Global Investors, a value adviser founded in 2010, now has dated prospectuses for two actively managed funds, a U.S. small- and mid-cap value ETF and an international value ETF, at a 0.70% unitary fee. That figure is the all-in expense ratio: the adviser provides the portfolio management and is responsible for each fund's other expenses and liabilities, with distribution fees and other expenses listed at 0.00%. Exchange Place Advisors Trust dated the prospectuses September 10, 2026, in a Form 485BPOS filed Wednesday, September 9, on a post-effective amendment first filed June 26.
Lone Peak SMID Value ETF and International Value ETF
The dated prospectuses name Lone Peak SMID Value ETF LPSV and Lone Peak International Value ETF LPIV on NYSE Arca. Ryan Batchelor will manage the SMID fund with Roger Hill, the adviser's president and chief executive. Allan Nichols will manage the international fund with Hill.
Under a Rule 35d-1 policy, the SMID series will, under normal market conditions, invest at least 80% of net assets, including amounts borrowed for investment, in equity securities of U.S. small- and mid-cap companies. The June registration this filing dates described those holdings as names the adviser believes are trading at a discount to intrinsic value. Brandes U.S. Small-Mid Cap Value ETF BSMC, an active SMID value fund, charges the same 0.70%; Harbor SMID Cap Value ETF EPSV charges 0.88%.
The international series carries the same 0.70% unitary fee and a parallel 80% test in non-U.S. equity securities. Pzena International Value ETF PZIV, an actively managed international value fund, also charges 0.70%. Both Lone Peak funds seek long-term capital appreciation.
Exchange Place Advisors Trust is a shared shell. North Square Growth Opportunities ETF NSIG, an actively managed U.S. growth equity fund, and North Square Disciplined Value ETF NSIV, an actively managed value fund, have been in the trust since July 8 at a 0.38% expense ratio. The trust is now dating prospectuses for Lone Peak, with Tidal Investments as trading sub-adviser and Ultimus Fund Solutions as administrator.
Frequently asked
What will the two Lone Peak ETFs cost?
Both carry a 0.70% unitary fee, with the adviser covering the funds' other expenses and distribution fees and other expenses listed at 0.00%.
What will the funds hold?
The SMID fund will put at least 80% of net assets in U.S. small- and mid-cap equities the adviser sees as trading below intrinsic value, and the international fund applies the same 80% test to non-U.S. equities.
Who manages them?
Ryan Batchelor runs the SMID fund with Roger Hill, the adviser's president and chief executive, and Allan Nichols runs the international fund with Hill.
How does 0.70% compare with rivals?
Brandes U.S. Small-Mid Cap Value ETF and Pzena International Value ETF also charge 0.70%, while Harbor SMID Cap Value ETF charges 0.88%.