TRILLIUM ESG GLOBAL EQUITY FUND
SCHEDULE OF INVESTMENTS
March 31, 2024 (Unaudited)
Percentage of Net Assets | Shares | Value | |
COMMON STOCKS | 98.7% | ||
Apparel & Textile Products | 1.3% | ||
Kering S.A. | 13,840 | $5,470,076 | |
NIKE, Inc. - Class B | 72,410 | 6,805,092 | |
12,275,168 | |||
Asset Management | 1.3% | ||
CapitaLand Investment Ltd. | 2,899,482 | 5,754,943 | |
LPL Financial Holdings, Inc. | 26,607 | 7,029,569 | |
12,784,512 | |||
Automotive | 1.4% | ||
Aptiv PLC(a) | 57,927 | 4,613,886 | |
Cie Generale des Etablissements Michelin S.C.A. | 223,716 | 8,572,965 | |
13,186,851 | |||
Banking | 6.6% | ||
Bank Rakyat Indonesia Persero Tbk PT | 15,781,536 | 6,021,967 | |
Credicorp Ltd. | 34,524 | 5,849,401 | |
DNB Bank ASA | 365,593 | 7,267,094 | |
Grupo Financiero Banorte S.A.B. de C.V., Series O | 703,907 | 7,476,477 | |
Hang Seng Bank Ltd. | 428,405 | 4,688,049 | |
HDFC Bank Ltd. - ADR | 129,075 | 7,224,328 | |
KBC Group N.V. | 110,889 | 8,304,895 | |
PNC Financial Services Group (The), Inc. | 68,118 | 11,007,869 | |
Sumitomo Mitsui Trust Holdings, Inc. | 289,658 | 6,329,691 | |
64,169,771 | |||
Biotechnology & Pharmaceuticals | 6.8% | ||
CSL Ltd. | 40,618 | 7,620,874 | |
Gilead Sciences, Inc. | 123,940 | 9,078,605 | |
Merck & Co., Inc. | 108,278 | 14,287,282 | |
Merck KGaA | 41,594 | 7,341,335 | |
Novo Nordisk A/S - Class B | 137,748 | 17,669,406 | |
Roche Holding A.G. (Genusschein) | 37,218 | 9,479,375 | |
65,476,877 | |||
Chemicals | 2.7% | ||
Air Liquide S.A. | 46,312 | 9,635,000 | |
Croda International PLC | 86,808 | 5,370,863 | |
Ecolab, Inc. | 45,975 | 10,615,628 | |
25,621,491 | |||
Commercial Support Services | 3.8% | ||
Brambles Ltd. | 741,270 | 7,801,235 | |
Compass Group PLC | 282,065 | 8,270,074 | |
Recruit Holdings Co. Ltd. | 204,812 | 9,074,343 | |
Waste Management, Inc. | 52,626 | 11,217,232 | |
36,362,884 | |||
Construction Materials | 0.6% | ||
Sika A.G. - REG | 20,969 | 6,245,244 |
1
TRILLIUM ESG GLOBAL EQUITY FUND
SCHEDULE OF INVESTMENTS
March 31, 2024 (Unaudited)
Percentage of Net Assets | Shares | Value | |
Containers & Packaging | 1.4% | ||
Ball Corp. | 141,961 | $9,562,493 | |
Klabin S.A. | 882,662 | 4,445,516 | |
14,008,009 | |||
Electric Utilities | 1.4% | ||
EDP Renovaveis S.A. | 455,013 | 6,158,225 | |
Terna - Rete Elettrica Nazionale | 878,364 | 7,258,792 | |
13,417,017 | |||
Electrical Equipment | 2.3% | ||
Assa Abloy AB - Class B | 258,492 | 7,416,190 | |
Rockwell Automation, Inc. | 13,343 | 3,887,216 | |
Trane Technologies PLC | 36,121 | 10,843,524 | |
22,146,930 | |||
Engineering & Construction | 1.0% | ||
Quanta Services, Inc. | 35,547 | 9,235,111 | |
Entertainment Content | 1.2% | ||
Walt Disney (The) Co. | 91,188 | 11,157,764 | |
Food | 2.8% | ||
Darling Ingredients, Inc.(a) | 81,167 | 3,775,077 | |
Kerry Group PLC - Class A | 67,781 | 5,809,092 | |
McCormick & Co., Inc. | 88,579 | 6,803,753 | |
Nestle S.A. - REG | 102,384 | 10,870,176 | |
27,258,098 | |||
Gas & Water Utilities | 0.9% | ||
American Water Works Co., Inc. | 70,139 | 8,571,687 | |
Health Care Facilities & Services | 1.2% | ||
CVS Health Corp. | 141,709 | 11,302,710 | |
Home Construction | 0.7% | ||
Daiwa House Industry Co. Ltd. | 229,373 | 6,860,886 | |
Household Products | 2.8% | ||
Kao Corp. | 120,036 | 4,470,623 | |
L'Oreal S.A. | 24,249 | 11,475,538 | |
Unilever PLC | 225,066 | 11,295,636 | |
27,241,797 | |||
Industrial Intermediate Products | 1.1% | ||
Prysmian S.p.A. | 195,594 | 10,211,093 | |
Industrial Support Services | 1.0% | ||
Ferguson PLC | 46,055 | 10,070,732 | |
Institutional Financial Services | 1.7% | ||
Bank of New York Mellon (The) Corp. | 139,266 | 8,024,507 | |
Intercontinental Exchange, Inc. | 60,874 | 8,365,914 | |
16,390,421 | |||
Insurance | 3.4% | ||
AIA Group Ltd. | 906,741 | 6,087,881 | |
Allianz S.E. - REG | 34,608 | 10,372,175 |
2
TRILLIUM ESG GLOBAL EQUITY FUND
SCHEDULE OF INVESTMENTS
March 31, 2024 (Unaudited)
Percentage of Net Assets | Shares | Value | |
Aviva PLC | 958,186 | $6,005,754 | |
Travelers (The) Cos., Inc. | 45,891 | 10,561,355 | |
33,027,165 | |||
Internet Media & Services | 3.9% | ||
Alphabet, Inc. - Class A(a) | 252,596 | 38,124,314 | |
Leisure Facilities & Services | 2.2% | ||
Chipotle Mexican Grill, Inc.(a) | 2,110 | 6,133,285 | |
Marriott International, Inc. - Class A | 35,533 | 8,965,331 | |
Starbucks Corp. | 72,073 | 6,586,751 | |
21,685,367 | |||
Machinery | 1.6% | ||
Atlas Copco AB - Class A | 462,252 | 7,807,844 | |
Kurita Water Industries Ltd. | 182,834 | 7,610,233 | |
15,418,077 | |||
Medical Equipment & Devices | 4.8% | ||
Alcon, Inc. | 97,756 | 8,101,440 | |
Cochlear Ltd. | 30,154 | 6,632,219 | |
Edwards Lifesciences Corp.(a) | 107,017 | 10,226,544 | |
Straumann Holding A.G. - REG | 63,852 | 10,195,363 | |
Thermo Fisher Scientific, Inc. | 18,439 | 10,716,931 | |
45,872,497 | |||
Real Estate Investment Trusts | 1.6% | ||
American Tower Corp. | 34,944 | 6,904,585 | |
Prologis, Inc. | 62,835 | 8,182,374 | |
15,086,959 | |||
Real Estate Services | 0.9% | ||
Jones Lang LaSalle, Inc.(a) | 45,550 | 8,886,349 | |
Renewable Energy | 0.5% | ||
First Solar, Inc.(a) | 27,620 | 4,662,256 | |
Retail - Consumer Staples | 2.4% | ||
Jeronimo Martins SGPS S.A. | 206,875 | 4,102,179 | |
Koninklijke Ahold Delhaize N.V. | 219,592 | 6,567,057 | |
Target Corp. | 68,790 | 12,190,276 | |
22,859,512 | |||
Retail - Discretionary | 3.1% | ||
Industria de Diseno Textil S.A. | 162,253 | 8,169,427 | |
TJX Cos. (The), Inc. | 123,181 | 12,493,017 | |
Tractor Supply Co. | 35,700 | 9,343,404 | |
30,005,848 | |||
Semiconductors | 9.2% | ||
Applied Materials, Inc. | 44,983 | 9,276,844 | |
Infineon Technologies A.G. | 252,178 | 8,574,042 | |
Intel Corp. | 145,555 | 6,429,164 | |
IPG Photonics Corp.(a) | 50,688 | 4,596,895 |
3
TRILLIUM ESG GLOBAL EQUITY FUND
SCHEDULE OF INVESTMENTS
March 31, 2024 (Unaudited)
Percentage of Net Assets | Shares | Value | |
NVIDIA Corp. | 43,108 | $38,950,664 | |
Taiwan Semiconductor Manufacturing Co. Ltd. - ADR | 157,200 | 21,387,060 | |
89,214,669 | |||
Software | 10.0% | ||
Adobe, Inc.(a) | 20,377 | 10,282,234 | |
Dassault Systemes S.E. | 243,336 | 10,773,946 | |
Microsoft Corp. | 127,107 | 53,476,457 | |
Palo Alto Networks, Inc.(a) | 20,220 | 5,745,109 | |
SAP S.E. | 42,519 | 8,277,993 | |
ServiceNow, Inc.(a) | 10,770 | 8,211,048 | |
96,766,787 | |||
Technology Hardware | 3.4% | ||
Apple, Inc. | 137,974 | 23,659,782 | |
Cisco Systems, Inc. | 97,630 | 4,872,713 | |
Nidec Corp. | 99,036 | 4,010,376 | |
32,542,871 | |||
Technology Services | 4.3% | ||
Accenture PLC - Class A | 36,373 | 12,607,246 | |
MSCI, Inc. | 15,492 | 8,682,491 | |
Visa, Inc. - Class A | 74,011 | 20,654,990 | |
41,944,727 | |||
Telecommunications | 1.1% | ||
BCE, Inc. | 139,771 | 4,749,665 | |
Verizon Communications, Inc. | 138,169 | 5,797,571 | |
10,547,236 | |||
Transportation & Logistics | 2.3% | ||
Canadian Pacific Kansas City Ltd. | 91,442 | 8,062,396 | |
Kuehne + Nagel International A.G. - REG | 18,705 | 5,205,916 | |
United Parcel Service, Inc. - Class B | 60,874 | 9,047,702 | |
22,316,014 | |||
TOTAL COMMON STOCKS (Cost $618,636,699) | 952,955,701 | ||
PREFERRED STOCKS | 0.6% | ||
Banking | 0.6% | ||
Itau Unibanco Holding S.A. - ADR 3.25%(b) | 854,032 | 5,918,442 | |
PREFERRED STOCKS (Cost $4,413,466) | 5,918,442 | ||
SHORT-TERM INVESTMENTS | 0.6% | ||
Northern Institutional Treasury Portfolio (Premier Class), 5.15%(c) | 5,429,746 | 5,429,746 | |
TOTAL SHORT-TERM INVESTMENTS (Cost $5,429,746) | 5,429,746 | ||
TOTAL INVESTMENTS (Cost $628,479,911) | 99.9% | 964,303,889 | |
NET OTHER ASSETS (LIABILITIES) | 0.1% | 1,278,673 | |
NET ASSETS | 100.0% | $965,582,562 |
4
TRILLIUM ESG GLOBAL EQUITY FUND
SCHEDULE OF INVESTMENTS
March 31, 2024 (Unaudited)
(a)Non-income producing security. |
(b)Current yield is disclosed. Dividends are calculated based on a percentage of issuer's net income. |
(c)7-day current yield as of March 31, 2024 is disclosed. |
Abbreviations: |
ADR – American Depositary Receipt |
REG – Registered |
At March 31, 2024, the Fund’s investments were concentrated in the following countries:
Country Allocation | Percentage of Net Assets |
United States | 53.8% |
Switzerland | 5.2 |
France | 4.8 |
Japan | 4.0 |
Germany | 3.6 |
United Kingdom | 3.2 |
Ireland | 3.0 |
Australia | 2.3 |
Taiwan | 2.2 |
Denmark | 1.8 |
Italy | 1.8 |
Sweden | 1.6 |
Jersey | 1.5 |
Spain | 1.5 |
Canada | 1.3 |
Hong Kong | 1.1 |
Brazil | 1.1 |
Belgium | 0.9 |
Mexico | 0.8 |
Norway | 0.8 |
India | 0.7 |
Netherlands | 0.7 |
Indonesia | 0.6 |
Peru | 0.6 |
Singapore | 0.6 |
Portugal | 0.4 |
Total | 99.9% |
5
TRILLIUM ESG SMALL/MID CAP FUND
SCHEDULE OF INVESTMENTS
March 31, 2024 (Unaudited)
Percentage of Net Assets | Shares | Value | |
COMMON STOCKS | 99.3% | ||
Aerospace & Defense | 1.6% | ||
Hexcel Corp. | 9,575 | $697,539 | |
Apparel & Textile Products | 2.4% | ||
Deckers Outdoor Corp.(a) | 732 | 689,003 | |
Levi Strauss & Co. - Class A | 17,971 | 359,240 | |
1,048,243 | |||
Asset Management | 4.1% | ||
LPL Financial Holdings, Inc. | 4,483 | 1,184,409 | |
Stifel Financial Corp. | 7,303 | 570,875 | |
1,755,284 | |||
Banking | 6.2% | ||
Columbia Banking System, Inc. | 18,803 | 363,838 | |
East West Bancorp, Inc. | 12,502 | 989,033 | |
Live Oak Bancshares, Inc. | 11,809 | 490,192 | |
Webster Financial Corp. | 15,953 | 809,934 | |
2,652,997 | |||
Chemicals | 4.4% | ||
Avery Dennison Corp. | 2,496 | 557,232 | |
Ingevity Corp.(a) | 7,041 | 335,856 | |
Rogers Corp.(a) | 3,667 | 435,236 | |
Sensient Technologies Corp. | 7,826 | 541,481 | |
1,869,805 | |||
Commercial Support Services | 1.5% | ||
AMN Healthcare Services, Inc.(a) | 4,606 | 287,921 | |
ManpowerGroup, Inc. | 4,645 | 360,638 | |
648,559 | |||
Construction Materials | 1.9% | ||
Trex Co., Inc.(a) | 8,081 | 806,080 | |
Consumer Services | 1.8% | ||
Bright Horizons Family Solutions, Inc.(a) | 6,794 | 770,168 | |
Containers & Packaging | 3.1% | ||
AptarGroup, Inc. | 4,283 | 616,281 | |
Ball Corp. | 10,838 | 730,048 | |
1,346,329 | |||
E-Commerce Discretionary | 1.3% | ||
Etsy, Inc.(a) | 8,004 | 550,035 | |
Electric Utilities | 1.1% | ||
Ormat Technologies, Inc. | 7,326 | 484,908 | |
Electrical Equipment | 2.7% | ||
Allegion PLC | 3,235 | 435,787 | |
Trimble, Inc.(a) | 11,539 | 742,650 | |
1,178,437 |
1
TRILLIUM ESG SMALL/MID CAP FUND
SCHEDULE OF INVESTMENTS
March 31, 2024 (Unaudited)
Percentage of Net Assets | Shares | Value | |
Engineering & Construction | 4.1% | ||
MYR Group, Inc.(a) | 5,254 | $928,645 | |
Tetra Tech, Inc. | 4,406 | 813,832 | |
1,742,477 | |||
Food | 4.2% | ||
Darling Ingredients, Inc.(a) | 7,603 | 353,615 | |
Lamb Weston Holdings, Inc. | 9,652 | 1,028,228 | |
McCormick & Co., Inc. | 5,423 | 416,541 | |
1,798,384 | |||
Gas & Water Utilities | 0.6% | ||
Essential Utilities, Inc. | 6,794 | 251,718 | |
Health Care Facilities & Services | 4.7% | ||
Encompass Health Corp. | 5,631 | 465,008 | |
ICON PLC(a) | 2,465 | 828,117 | |
Quest Diagnostics, Inc. | 5,446 | 724,917 | |
2,018,042 | |||
Industrial Intermediate Products | 1.4% | ||
Valmont Industries, Inc. | 2,673 | 610,192 | |
Insurance | 4.2% | ||
Hanover Insurance Group (The), Inc. | 5,169 | 703,863 | |
Horace Mann Educators Corp. | 11,100 | 410,589 | |
Reinsurance Group of America, Inc. | 3,597 | 693,789 | |
1,808,241 | |||
Leisure Facilities & Services | 2.8% | ||
Domino's Pizza, Inc. | 1,256 | 624,081 | |
InterContinental Hotels Group PLC - ADR | 5,254 | 555,138 | |
1,179,219 | |||
Machinery | 6.8% | ||
Lincoln Electric Holdings, Inc. | 3,759 | 960,199 | |
Middleby (The) Corp.(a) | 5,623 | 904,122 | |
MSA Safety, Inc. | 5,469 | 1,058,744 | |
2,923,065 | |||
Medical Equipment & Devices | 4.7% | ||
Azenta, Inc.(a) | 4,776 | 287,897 | |
Merit Medical Systems, Inc.(a) | 11,478 | 869,458 | |
Omnicell, Inc.(a) | 12,325 | 360,260 | |
Penumbra, Inc.(a) | 2,326 | 519,117 | |
2,036,732 | |||
Publishing & Broadcasting | 1.6% | ||
New York Times (The) Co. - Class A | 16,315 | 705,134 | |
Real Estate Investment Trusts | 5.1% | ||
Camden Property Trust | 3,074 | 302,482 | |
CubeSmart | 9,667 | 437,142 | |
EastGroup Properties, Inc. | 3,628 | 652,205 |
2
TRILLIUM ESG SMALL/MID CAP FUND
SCHEDULE OF INVESTMENTS
March 31, 2024 (Unaudited)
Percentage of Net Assets | Shares | Value | |
Federal Realty Investment Trust | 4,144 | $423,185 | |
LTC Properties, Inc. | 11,285 | 366,875 | |
2,181,889 | |||
Real Estate Services | 2.1% | ||
Jones Lang LaSalle, Inc.(a) | 4,568 | 891,171 | |
Renewable Energy | 1.4% | ||
First Solar, Inc.(a) | 2,496 | 421,325 | |
SolarEdge Technologies, Inc.(a) | 2,781 | 197,395 | |
618,720 | |||
Retail - Consumer Staples | 2.4% | ||
BJ's Wholesale Club Holdings, Inc.(a) | 13,442 | 1,016,887 | |
Retail - Discretionary | 5.5% | ||
Burlington Stores, Inc.(a) | 4,191 | 973,109 | |
Freshpet, Inc.(a) | 5,007 | 580,111 | |
Tractor Supply Co. | 3,074 | 804,527 | |
2,357,747 | |||
Semiconductors | 4.0% | ||
Allegro MicroSystems, Inc.(a) | 27,277 | 735,388 | |
IPG Photonics Corp.(a) | 6,725 | 609,890 | |
Wolfspeed, Inc.(a) | 12,279 | 362,231 | |
1,707,509 | |||
Software | 4.9% | ||
CyberArk Software Ltd.(a) | 4,206 | 1,117,240 | |
Dynatrace, Inc.(a) | 9,513 | 441,783 | |
Paylocity Holding Corp.(a) | 3,266 | 561,295 | |
2,120,318 | |||
Technology Services | 1.5% | ||
Jack Henry & Associates, Inc. | 3,713 | 645,059 | |
Transportation & Logistics | 1.6% | ||
JB Hunt Transport Services, Inc. | 3,490 | 695,382 | |
Transportation Equipment | 2.7% | ||
Westinghouse Air Brake Technologies Corp. | 7,980 | 1,162,526 | |
Wholesale - Discretionary | 0.9% | ||
LKQ Corp. | 7,025 | 375,205 | |
TOTAL COMMON STOCKS (Cost $40,254,678) | 42,654,001 | ||
SHORT-TERM INVESTMENTS | 0.8% | ||
Northern Institutional Treasury Portfolio (Premier Class), 5.15%(b) | 358,241 | 358,241 | |
TOTAL SHORT-TERM INVESTMENTS (Cost $358,241) | 358,241 | ||
TOTAL INVESTMENTS (Cost $40,612,919) | 100.1% | 43,012,242 | |
NET OTHER ASSETS (LIABILITIES) | (0.1%) | (32,724) | |
NET ASSETS | 100.0% | $42,979,518 |
(a)Non-income producing security. |
(b)7-day current yield as of March 31, 2024 is disclosed. |
3
TRILLIUM ESG SMALL/MID CAP FUND
SCHEDULE OF INVESTMENTS
March 31, 2024 (Unaudited)
Abbreviations: |
ADR – American Depositary Receipt |
At March 31, 2024 the industry sectors (excluding short-term investments) for the Trillium ESG Small/Mid Cap Fund were:
Sector Allocation | % of Net Assets |
Communication Services | 1.6% |
Consumer Discretionary | 13.4 |
Consumer Staples | 7.9 |
Financials | 16.0 |
Health Care | 10.1 |
Industrials | 23.2 |
Information Technology | 11.7 |
Materials | 6.5 |
Real Estate | 7.2 |
Utilities | 1.7 |
Total | 99.3% |
4