Schedule of Portfolio Investments
Boston Trust Asset Management Fund
March 31, 2024 (Unaudited)
Common Stocks (76.9%) | ||
Shares | Fair Value ($) | |
Communication Services (8.2%) | ||
Alphabet, Inc., Class A (a) | 40,000 | 6,037,200 |
Alphabet, Inc., Class C (a) | 220,000 | 33,497,200 |
Comcast Corp., Class A | 200,000 | 8,670,000 |
48,204,400 | ||
Consumer Discretionary (5.0%) | ||
Lowe's Cos., Inc. | 25,000 | 6,368,250 |
NIKE, Inc., Class B | 102,500 | 9,632,950 |
O'Reilly Automotive, Inc. (a) | 4,500 | 5,079,960 |
Ross Stores, Inc. | 15,000 | 2,201,400 |
Starbucks Corp. | 67,000 | 6,123,130 |
29,405,690 | ||
Consumer Staples (7.0%) | ||
Church & Dwight Co., Inc. | 50,000 | 5,215,500 |
Costco Wholesale Corp. | 28,500 | 20,879,955 |
McCormick & Co., Inc. (Non Voting) | 40,000 | 3,072,400 |
PepsiCo, Inc. | 30,000 | 5,250,300 |
Procter & Gamble (The) Co. | 25,000 | 4,056,250 |
Sysco Corp. | 35,000 | 2,841,300 |
41,315,705 | ||
Energy (3.5%) | ||
Chevron Corp. | 20,000 | 3,154,800 |
ConocoPhillips | 25,000 | 3,182,000 |
Exxon Mobil Corp. | 100,000 | 11,624,000 |
Schlumberger NV | 45,000 | 2,466,450 |
20,427,250 | ||
Financials (12.4%) | ||
American Express Co. | 22,000 | 5,009,180 |
Berkshire Hathaway, Inc., Class B (a) | 20,000 | 8,410,400 |
Chubb Ltd. | 18,000 | 4,664,340 |
Cincinnati Financial Corp. | 60,000 | 7,450,200 |
FactSet Research Systems, Inc. | 13,720 | 6,234,231 |
JPMorgan Chase & Co. | 80,000 | 16,024,000 |
Northern Trust Corp. | 40,000 | 3,556,800 |
T. Rowe Price Group, Inc. | 45,000 | 5,486,400 |
Visa, Inc., Class A | 57,500 | 16,047,100 |
72,882,651 | ||
Health Care (10.0%) | ||
Agilent Technologies, Inc. | 1,000 | 145,510 |
Becton, Dickinson and Co. | 35,000 | 8,660,750 |
Edwards Lifesciences Corp. (a) | 95,000 | 9,078,200 |
Johnson & Johnson | 56,500 | 8,937,735 |
Merck & Co., Inc. | 50,000 | 6,597,500 |
Mettler-Toledo International, Inc. (a) | 3,500 | 4,659,515 |
Stryker Corp. | 25,000 | 8,946,750 |
UnitedHealth Group, Inc. | 17,750 | 8,780,925 |
Waters Corp. (a) | 7,500 | 2,581,725 |
58,388,610 | ||
Industrials (9.3%) | ||
Automatic Data Processing, Inc. | 65,000 | 16,233,100 |
Donaldson Co., Inc. | 50,000 | 3,734,000 |
Hubbell, Inc. | 19,000 | 7,885,950 |
Illinois Tool Works, Inc. | 25,400 | 6,815,582 |
Union Pacific Corp. | 25,500 | 6,271,215 |
Common Stocks (continued) | ||
Shares | Fair Value ($) | |
Industrials (continued) | ||
United Parcel Service, Inc., Class B | 42,000 | 6,242,460 |
W.W. Grainger, Inc. | 7,300 | 7,426,290 |
54,608,597 | ||
Information Technology (19.0%) | ||
Accenture PLC, Class A | 62,000 | 21,489,820 |
Analog Devices, Inc. | 22,500 | 4,450,275 |
Apple, Inc. | 167,000 | 28,637,160 |
Applied Materials, Inc. | 15,000 | 3,093,450 |
Cisco Systems, Inc. | 65,000 | 3,244,150 |
Microsoft Corp. | 98,150 | 41,293,668 |
Oracle Corp. | 50,000 | 6,280,500 |
TE Connectivity Ltd. | 20,000 | 2,904,800 |
111,393,823 | ||
Materials (1.9%) | ||
Air Products and Chemicals, Inc. | 25,500 | 6,177,885 |
AptarGroup, Inc. | 32,500 | 4,676,425 |
10,854,310 | ||
Utilities (0.6%) | ||
Eversource Energy | 500 | 29,885 |
WEC Energy Group, Inc. | 40,000 | 3,284,800 |
3,314,685 | ||
TOTAL COMMON STOCKS (Cost $102,937,146) | 450,795,721 |
Corporate Bonds (3.9%) | ||
Principal Amount ($) | ||
Communication Services (0.1%) | ||
Verizon Communications, Inc., 4.02%, 12/3/29, Callable 9/3/29 @ 100 | 250,000 | 238,622 |
Consumer Discretionary (0.5%) | ||
Home Depot (The), Inc., 2.70%, 4/15/30 | 1,000,000 | 891,129 |
Lowe's Cos., Inc., 3.10%, 5/3/27, Callable 2/3/27 @ 100 | 750,000 | 711,513 |
Lowe's Cos., Inc., 1.30%, 4/15/28 | 750,000 | 654,042 |
McDonald's Corp., 2.63%, 9/1/29, MTN, Callable 6/1/29 @ 100 | 500,000 | 450,691 |
Toyota Motor Credit Corp., 3.65%, 1/8/29 | 350,000 | 333,178 |
3,040,553 | ||
Consumer Staples (0.1%) | ||
The Estee Lauder (The) Cos., Inc., 2.38%, 12/1/29, Callable 9/1/29 @ 100 | 750,000 | 660,088 |
Financials (1.4%) | ||
Bank of America Corp., 4.18%, 11/25/27, Callable 11/25/26 @ 100 | 500,000 | 485,528 |
Berkshire Hathaway, Inc., 3.13%, 3/15/26, Callable 12/15/25 @ 100 | 2,000,000 | 1,936,576 |
Cincinnati Financial Corp., 6.92%, 5/15/28 | 500,000 | 531,685 |
1
Schedule of Portfolio Investments
Boston Trust Asset Management Fund
March 31, 2024 (Unaudited)
Corporate Bonds (continued) | ||
Principal Amount ($) | Fair Value ($) | |
Financials (continued) | ||
JPMorgan Chase & Co., 3.90%, 7/15/25, Callable 4/15/25 @ 100 | 1,000,000 | 983,616 |
JPMorgan Chase & Co., (Variable, 3M CME Term SOFR + 1.38%), 4.01%, 4/23/29(b) | 500,000 | 479,481 |
Visa, Inc., 3.15%, 12/14/25, Callable 9/14/25 @ 100 | 2,000,000 | 1,945,188 |
Wells Fargo & Co., 3.55%, 9/29/25, MTN | 2,000,000 | 1,950,631 |
8,312,705 | ||
Health Care (0.6%) | ||
Becton, Dickinson & Co., 6.70%, 12/1/26 | 750,000 | 777,760 |
Merck & Co., Inc., 1.70%, 6/10/27 | 350,000 | 319,136 |
Pfizer, Inc., 3.60%, 9/15/28 | 500,000 | 479,518 |
Stryker Corp., 1.95%, 6/15/30 | 1,000,000 | 844,139 |
UnitedHealth Group, Inc., 3.38%, 4/15/27 | 500,000 | 481,311 |
Zoetis, Inc., 3.90%, 8/20/28 | 750,000 | 722,142 |
3,624,006 | ||
Industrials (0.7%) | ||
Emerson Electric Co., 2.00%, 12/21/28, Callable 10/21/28 @ 100 | 1,400,000 | 1,244,603 |
Hubbell, Inc., 3.50%, 2/15/28 | 1,000,000 | 949,263 |
John Deere Capital, 2.80%, 9/8/27, MTN | 500,000 | 469,213 |
John Deere Capital, 3.45%, 3/7/29, MTN | 1,250,000 | 1,181,048 |
Union Pacific Corp., 3.95%, 9/10/28 | 400,000 | 390,113 |
4,234,240 | ||
Information Technology (0.4%) | ||
Apple, Inc., 3.25%, 2/23/26, Callable 11/23/25 @ 100 | 2,500,000 | 2,430,913 |
Materials (0.1%) | ||
Air Products and Chemicals, Inc., 1.85%, 5/15/27 | 400,000 | 367,413 |
TOTAL CORPORATE BONDS (Cost $23,627,238) | 22,908,540 |
U.S. Government & U.S. Government Agency Obligations (18.4%) | ||
Federal Farm Credit Bank (2.3%) | ||
3.39%, 2/1/28 | 2,000,000 | 1,931,981 |
3.85%, 12/26/25 | 2,770,000 | 2,725,748 |
2.95%, 1/27/25 | 2,000,000 | 1,965,846 |
3.25%, 2/27/34 | 1,500,000 | 1,355,688 |
3.88%, 9/20/32 | 1,000,000 | 960,788 |
4.38%, 3/3/33 | 1,500,000 | 1,490,218 |
3.50%, 3/2/34 | 3,000,000 | 2,770,513 |
13,200,782 | ||
Federal Home Loan Bank (1.3%) | ||
2.88%, 9/13/24 | 2,500,000 | 2,473,209 |
3.50%, 7/20/32 | 1,500,000 | 1,405,252 |
U.S. Government & U.S. Government Agency Obligations (continued) | ||
Principal Amount ($) | Fair Value ($) | |
Federal Home Loan Bank (continued) | ||
4.00%, 6/10/33 | 2,500,000 | 2,416,082 |
2.50%, 12/10/27 | 1,500,000 | 1,404,356 |
7,698,899 | ||
U.S. Treasury Bond (5.1%) | ||
5.38%, 2/15/31 | 5,500,000 | 5,909,277 |
4.50%, 2/15/36 | 15,250,000 | 15,881,445 |
3.50%, 2/15/39 | 4,250,000 | 3,910,166 |
4.38%, 8/15/43 | 4,000,000 | 3,958,125 |
29,659,013 | ||
U.S. Treasury Inflation Indexed Note (0.5%) | ||
0.63%, 7/15/32 | 3,184,500 | 2,891,782 |
U.S. Treasury Note (9.2%) | ||
2.25%, 11/15/27 | 6,500,000 | 6,049,062 |
2.88%, 5/15/28 | 7,500,000 | 7,100,977 |
2.13%, 5/31/26 | 5,000,000 | 4,748,437 |
0.88%, 11/15/30 | 11,000,000 | 8,910,859 |
1.63%, 5/15/31 | 10,000,000 | 8,434,375 |
3.38%, 5/15/33 | 6,000,000 | 5,625,937 |
3.88%, 8/15/33 | 14,000,000 | 13,641,250 |
54,510,897 | ||
TOTAL U.S. GOVERNMENT & U.S. GOVERNMENT AGENCY OBLIGATIONS (Cost $106,883,744) | 107,961,373 |
Investment Companies (0.6%) | ||
Shares | ||
Northern Institutional Treasury Portfolio (Premier Class), 5.15% (c) | 3,677,390 | 3,677,390 |
TOTAL INVESTMENT COMPANIES (Cost $3,677,390) | 3,677,390 | |
Total Investments (Cost $237,125,518) — 99.8% | 585,343,024 | |
Other assets in excess of liabilities — 0.2% | 925,068 | |
Net Assets — 100.0% | $586,268,092 |
(a) | Non-income producing security. |
(b) | Variable or floating rate security. Security issued at a fixed coupon rate, which converts to a variable rate at a future date. Rate shown is the rate in effect as of March 31, 2024. |
(c) | Rate disclosed is the seven day yield as of March 31, 2024. |
MTN | Medium Term Note |
PLC | Public Limited Company |
2
Schedule of Portfolio Investments
Boston Trust Equity Fund
March 31, 2024 (Unaudited)
Common Stocks (99.2%) | ||
Shares | Fair Value ($) | |
Communication Services (9.4%) | ||
Alphabet, Inc., Class A (a) | 15,000 | 2,263,950 |
Alphabet, Inc., Class C (a) | 100,000 | 15,226,000 |
Comcast Corp., Class A | 116,500 | 5,050,275 |
22,540,225 | ||
Consumer Discretionary (6.6%) | ||
Lowe's Cos., Inc. | 10,000 | 2,547,300 |
NIKE, Inc., Class B | 30,000 | 2,819,400 |
O'Reilly Automotive, Inc. (a) | 3,300 | 3,725,304 |
Ross Stores, Inc. | 7,000 | 1,027,320 |
Starbucks Corp. | 40,000 | 3,655,600 |
TJX (The) Cos., Inc. | 21,500 | 2,180,530 |
15,955,454 | ||
Consumer Staples (8.5%) | ||
Church & Dwight Co., Inc. | 15,000 | 1,564,650 |
Costco Wholesale Corp. | 12,800 | 9,377,664 |
Diageo PLC, Sponsored ADR | 7,500 | 1,115,550 |
Hershey (The) Co. | 5,000 | 972,500 |
McCormick & Co., Inc. (Non Voting) | 14,000 | 1,075,340 |
PepsiCo, Inc. | 18,000 | 3,150,180 |
Procter & Gamble (The) Co. | 9,000 | 1,460,250 |
Sysco Corp. | 20,000 | 1,623,600 |
20,339,734 | ||
Energy (4.8%) | ||
Chevron Corp. | 13,000 | 2,050,620 |
Exxon Mobil Corp. | 50,000 | 5,812,000 |
Schlumberger NV | 67,500 | 3,699,675 |
11,562,295 | ||
Financials (14.9%) | ||
American Express Co. | 11,500 | 2,618,435 |
Berkshire Hathaway, Inc., Class B (a) | 8,750 | 3,679,550 |
Chubb Ltd. | 10,000 | 2,591,300 |
Cincinnati Financial Corp. | 20,000 | 2,483,400 |
FactSet Research Systems, Inc. | 7,500 | 3,407,925 |
JPMorgan Chase & Co. | 44,250 | 8,863,275 |
Northern Trust Corp. | 22,500 | 2,000,700 |
T. Rowe Price Group, Inc. | 20,000 | 2,438,400 |
Visa, Inc., Class A | 28,000 | 7,814,240 |
35,897,225 | ||
Health Care (15.5%) | ||
Agilent Technologies, Inc. | 20,000 | 2,910,200 |
Becton, Dickinson and Co. | 15,000 | 3,711,750 |
Cooper (The) Cos., Inc. | 33,000 | 3,348,180 |
Edwards Lifesciences Corp. (a) | 22,500 | 2,150,100 |
Johnson & Johnson | 28,500 | 4,508,415 |
Merck & Co., Inc. | 22,500 | 2,968,875 |
Mettler-Toledo International, Inc. (a) | 1,500 | 1,996,935 |
Stryker Corp. | 12,000 | 4,294,440 |
UnitedHealth Group, Inc. | 11,500 | 5,689,050 |
Waters Corp. (a) | 10,750 | 3,700,473 |
Zoetis, Inc. | 12,000 | 2,030,520 |
37,308,938 | ||
Industrials (12.3%) | ||
Automatic Data Processing, Inc. | 20,000 | 4,994,800 |
Deere & Co. | 4,750 | 1,951,015 |
Common Stocks (continued) | ||
Shares | Fair Value ($) | |
Industrials (continued) | ||
Donaldson Co., Inc. | 15,000 | 1,120,200 |
Hubbell, Inc. | 10,000 | 4,150,500 |
Illinois Tool Works, Inc. | 15,000 | 4,024,950 |
Union Pacific Corp. | 18,500 | 4,549,705 |
United Parcel Service, Inc., Class B | 15,000 | 2,229,450 |
W.W. Grainger, Inc. | 6,500 | 6,612,450 |
29,633,070 | ||
Information Technology (23.6%) | ||
Accenture PLC, Class A | 25,000 | 8,665,250 |
Analog Devices, Inc. | 16,500 | 3,263,535 |
Apple, Inc. | 80,750 | 13,847,010 |
Applied Materials, Inc. | 10,250 | 2,113,857 |
Microsoft Corp. | 51,000 | 21,456,720 |
Oracle Corp. | 40,000 | 5,024,400 |
TE Connectivity Ltd. | 16,500 | 2,396,460 |
56,767,232 | ||
Materials (2.4%) | ||
Air Products and Chemicals, Inc. | 14,800 | 3,585,596 |
AptarGroup, Inc. | 14,250 | 2,050,433 |
5,636,029 | ||
Utilities (1.2%) | ||
Eversource Energy | 11,700 | 699,309 |
WEC Energy Group, Inc. | 25,000 | 2,053,000 |
2,752,309 | ||
TOTAL COMMON STOCKS (Cost $74,893,618) | 238,392,511 |
Investment Companies (0.7%) | ||
Northern Institutional Treasury Portfolio (Premier Class), 5.15% (b) | 1,702,148 | 1,702,148 |
TOTAL INVESTMENT COMPANIES (Cost $1,702,148) | 1,702,148 | |
Total Investments (Cost $76,595,766) — 99.9% | 240,094,659 | |
Other assets in excess of liabilities — 0.1% | 125,152 | |
Net Assets — 100.0% | $240,219,811 |
(a) | Non-income producing security. |
(b) | Rate disclosed is the seven day yield as of March 31, 2024. |
ADR | American Depositary Receipt |
PLC | Public Limited Company |
3
Schedule of Portfolio Investments
Boston Trust Midcap Fund
March 31, 2024 (Unaudited)
Common Stocks (99.0%) | ||
Shares | Fair Value ($) | |
Communication Services (2.9%) | ||
Cable One, Inc. | 2,885 | 1,220,730 |
Electronic Arts, Inc. | 25,865 | 3,431,509 |
Omnicom Group, Inc. | 25,125 | 2,431,095 |
7,083,334 | ||
Consumer Discretionary (11.3%) | ||
AutoZone, Inc. (a) | 1,360 | 4,286,244 |
Carter's, Inc. | 31,590 | 2,675,041 |
Choice Hotels International, Inc. | 27,525 | 3,477,784 |
Columbia Sportswear Co. | 28,880 | 2,344,478 |
Ross Stores, Inc. | 31,905 | 4,682,378 |
Ulta Beauty, Inc. (a) | 8,910 | 4,658,861 |
Williams-Sonoma, Inc. | 16,910 | 5,369,432 |
27,494,218 | ||
Consumer Staples (6.7%) | ||
BJ's Wholesale Club Holdings, Inc. (a) | 45,835 | 3,467,418 |
Church & Dwight Co., Inc. | 21,800 | 2,273,958 |
Dollar General Corp. | 17,675 | 2,758,360 |
Hershey (The) Co. | 15,695 | 3,052,677 |
McCormick & Co., Inc. (Non Voting) | 33,260 | 2,554,701 |
Sysco Corp. | 28,715 | 2,331,084 |
16,438,198 | ||
Energy (4.1%) | ||
Baker Hughes Co. | 146,370 | 4,903,395 |
Marathon Oil Corp. | 180,165 | 5,105,876 |
10,009,271 | ||
Financials (15.4%) | ||
American Financial Group, Inc. | 23,340 | 3,185,443 |
Brown & Brown, Inc. | 33,925 | 2,969,795 |
Cboe Global Markets, Inc. | 16,450 | 3,022,358 |
Cincinnati Financial Corp. | 19,550 | 2,427,524 |
East West Bancorp, Inc. | 30,120 | 2,382,793 |
Everest Re Group Ltd. | 7,740 | 3,076,650 |
FactSet Research Systems, Inc. | 10,200 | 4,634,778 |
M&T Bank Corp. | 19,860 | 2,888,438 |
Northern Trust Corp. | 37,940 | 3,373,625 |
SEI Investments Co. | 81,280 | 5,844,032 |
T. Rowe Price Group, Inc. | 31,140 | 3,796,589 |
37,602,025 | ||
Health Care (12.3%) | ||
Agilent Technologies, Inc. | 24,200 | 3,521,342 |
Chemed Corp. | 3,790 | 2,432,915 |
Cooper (The) Cos., Inc. | 49,860 | 5,058,795 |
Laboratory Corp. of America Holdings | 10,855 | 2,371,383 |
Medpace Holdings, Inc. (a) | 5,700 | 2,303,655 |
Mettler-Toledo International, Inc. (a) | 2,975 | 3,960,588 |
STERIS PLC | 13,990 | 3,145,232 |
Teleflex, Inc. | 10,580 | 2,392,879 |
Waters Corp. (a) | 13,605 | 4,683,249 |
29,870,038 | ||
Industrials (19.2%) | ||
A O Smith Corp. | 35,930 | 3,214,298 |
Allegion PLC | 26,580 | 3,580,592 |
AMETEK, Inc. | 25,320 | 4,631,028 |
Common Stocks (continued) | ||
Shares | Fair Value ($) | |
Industrials (continued) | ||
Broadridge Financial Solutions, Inc. | 10,735 | 2,199,172 |
Donaldson Co., Inc. | 56,615 | 4,228,008 |
Expeditors International of Washington, Inc. | 27,615 | 3,357,156 |
Hubbell, Inc. | 8,650 | 3,590,182 |
Lincoln Electric Holdings, Inc. | 9,350 | 2,388,364 |
Nordson Corp. | 14,480 | 3,975,339 |
Paychex, Inc. | 54,520 | 6,695,056 |
Paycom Software, Inc. | 16,995 | 3,382,175 |
Rockwell Automation, Inc. | 9,905 | 2,885,624 |
W.W. Grainger, Inc. | 2,700 | 2,746,710 |
46,873,704 | ||
Information Technology (11.2%) | ||
Amdocs Ltd. | 25,860 | 2,336,968 |
ANSYS, Inc. (a) | 11,210 | 3,891,664 |
Check Point Software Technologies Ltd. (a) | 16,375 | 2,685,664 |
F5, Inc. (a) | 14,330 | 2,716,825 |
Fortinet, Inc. (a) | 47,935 | 3,274,440 |
TE Connectivity Ltd. | 28,390 | 4,123,363 |
Teradyne, Inc. | 46,520 | 5,248,851 |
Zebra Technologies Corp., Class A (a) | 10,220 | 3,080,717 |
27,358,492 | ||
Materials (6.7%) | ||
AptarGroup, Inc. | 28,830 | 4,148,349 |
Avery Dennison Corp. | 14,765 | 3,296,286 |
Ball Corp. | 45,820 | 3,086,435 |
Packaging Corp. of America | 14,785 | 2,805,898 |
RPM International, Inc. | 26,035 | 3,096,863 |
16,433,831 | ||
Real Estate (3.7%) | ||
AvalonBay Communities, Inc. | 14,855 | 2,756,494 |
CubeSmart | 52,120 | 2,356,866 |
Jones Lang LaSalle, Inc. (a) | 20,200 | 3,940,818 |
9,054,178 | ||
Utilities (5.5%) | ||
Atmos Energy Corp. | 21,560 | 2,562,837 |
Essential Utilities, Inc. | 73,155 | 2,710,393 |
Eversource Energy | 59,370 | 3,548,545 |
ONE Gas, Inc. | 31,995 | 2,064,637 |
WEC Energy Group, Inc. | 29,600 | 2,430,752 |
13,317,164 | ||
TOTAL COMMON STOCKS (Cost $170,074,593) | 241,534,453 |
4
Schedule of Portfolio Investments
Boston Trust Midcap Fund
March 31, 2024 (Unaudited)
Investment Companies (1.0%) | ||
Shares | Fair Value ($) | |
Northern Institutional Treasury Portfolio (Premier Class), 5.15% (b) | 2,548,280 | 2,548,280 |
TOTAL INVESTMENT COMPANIES (Cost $2,548,280) | 2,548,280 | |
Total Investments (Cost $172,622,873) — 100.0% | 244,082,733 | |
Other assets in excess of liabilities — 0.0% | 12,129 | |
Net Assets — 100.0% | $244,094,862 |
(a) | Non-income producing security. |
(b) | Rate disclosed is the seven day yield as of March 31, 2024. |
PLC | Public Limited Company |
5
Schedule of Portfolio Investments
Boston Trust SMID Cap Fund
March 31, 2024 (Unaudited)
Common Stocks (99.4%) | ||
Shares | Fair Value ($) | |
Communication Services (1.2%) | ||
Interpublic Group of (The) Cos., Inc. | 288,940 | 9,428,112 |
Consumer Discretionary (11.6%) | ||
Carter's, Inc. | 90,266 | 7,643,725 |
Cavco Industries, Inc. (a) | 15,764 | 6,290,782 |
Choice Hotels International, Inc. | 95,549 | 12,072,616 |
Columbia Sportswear Co. | 106,964 | 8,683,338 |
Service Corp. International | 209,065 | 15,514,714 |
Texas Roadhouse, Inc. | 59,537 | 9,196,680 |
TopBuild Corp. (a) | 28,811 | 12,697,872 |
Williams-Sonoma, Inc. | 52,955 | 16,814,801 |
88,914,528 | ||
Consumer Staples (4.4%) | ||
BJ's Wholesale Club Holdings, Inc. (a) | 206,151 | 15,595,323 |
Flowers Foods, Inc. | 424,202 | 10,074,798 |
McCormick & Co., Inc. (Non Voting) | 103,610 | 7,958,284 |
33,628,405 | ||
Energy (4.2%) | ||
Cactus, Inc., Class A | 187,754 | 9,404,598 |
Callon Petroleum Co. (a) | 191,450 | 6,846,252 |
Helmerich & Payne, Inc. | 207,460 | 8,725,767 |
Magnolia Oil & Gas Corp., Class A | 270,181 | 7,011,197 |
31,987,814 | ||
Financials (16.1%) | ||
American Financial Group, Inc. | 88,670 | 12,101,682 |
Cboe Global Markets, Inc. | 63,400 | 11,648,482 |
Cincinnati Financial Corp. | 79,011 | 9,810,796 |
Cohen & Steers, Inc. | 72,603 | 5,582,445 |
Commerce Bancshares, Inc. | 93,470 | 4,972,604 |
East West Bancorp, Inc. | 124,585 | 9,855,919 |
FactSet Research Systems, Inc. | 26,600 | 12,086,774 |
International Bancshares Corp. | 138,597 | 7,780,835 |
Jack Henry & Associates, Inc. | 46,603 | 8,096,339 |
Northern Trust Corp. | 100,995 | 8,980,475 |
SEI Investments Co. | 220,913 | 15,883,645 |
Selective Insurance Group, Inc. | 95,506 | 10,426,390 |
UMB Financial Corp. | 76,635 | 6,666,479 |
123,892,865 | ||
Health Care (11.5%) | ||
Charles River Laboratories International, Inc. (a) | 62,156 | 16,841,168 |
Chemed Corp. | 21,953 | 14,092,289 |
Cooper (The) Cos., Inc. | 145,859 | 14,798,854 |
Medpace Holdings, Inc. (a) | 27,100 | 10,952,465 |
Revvity, Inc. | 55,727 | 5,851,335 |
Teleflex, Inc. | 48,689 | 11,011,991 |
Waters Corp. (a) | 42,738 | 14,711,702 |
88,259,804 | ||
Industrials (21.8%) | ||
A O Smith Corp. | 126,417 | 11,309,265 |
Allegion PLC | 90,300 | 12,164,313 |
Applied Industrial Technologies, Inc. | 59,336 | 11,721,827 |
Donaldson Co., Inc. | 193,789 | 14,472,162 |
ExlService Holdings, Inc. (a) | 403,107 | 12,818,802 |
Common Stocks (continued) | ||
Shares | Fair Value ($) | |
Industrials (continued) | ||
Expeditors International of Washington, Inc. | 90,171 | 10,962,089 |
Hubbell, Inc. | 29,998 | 12,450,670 |
IDEX Corp. | 49,191 | 12,003,588 |
Lincoln Electric Holdings, Inc. | 50,286 | 12,845,056 |
Masco Corp. | 78,827 | 6,217,874 |
Nordson Corp. | 56,407 | 15,485,978 |
Paycom Software, Inc. | 55,227 | 10,990,725 |
Robert Half International, Inc. | 64,469 | 5,111,102 |
Snap-on, Inc. | 40,954 | 12,131,394 |
Toro (The) Co. | 74,403 | 6,817,547 |
167,502,392 | ||
Information Technology (13.6%) | ||
Akamai Technologies, Inc. (a) | 58,836 | 6,399,003 |
Amdocs Ltd. | 110,950 | 10,026,552 |
Check Point Software Technologies Ltd. (a) | 68,412 | 11,220,252 |
Dolby Laboratories, Inc., Class A | 80,925 | 6,779,087 |
F5, Inc. (a) | 67,877 | 12,868,801 |
Manhattan Associates, Inc. (a) | 22,265 | 5,571,371 |
NetApp, Inc. | 97,206 | 10,203,714 |
Progress Software Corp. | 175,225 | 9,341,245 |
Qualys, Inc. (a) | 87,200 | 14,551,064 |
Teradyne, Inc. | 71,292 | 8,043,876 |
Zebra Technologies Corp., Class A (a) | 30,694 | 9,252,399 |
104,257,364 | ||
Materials (6.8%) | ||
AptarGroup, Inc. | 106,513 | 15,326,156 |
Avery Dennison Corp. | 46,698 | 10,425,329 |
Packaging Corp. of America | 45,688 | 8,670,669 |
RPM International, Inc. | 103,110 | 12,264,934 |
Silgan Holdings, Inc. | 113,765 | 5,524,428 |
52,211,516 | ||
Real Estate (6.3%) | ||
Camden Property Trust | 68,308 | 6,721,507 |
CubeSmart | 168,085 | 7,600,804 |
Healthpeak Properties, Inc. | 305,070 | 5,720,063 |
Jones Lang LaSalle, Inc. (a) | 56,941 | 11,108,620 |
Lamar Advertising Co., Class A | 79,220 | 9,459,660 |
STAG Industrial, Inc. | 194,088 | 7,460,743 |
48,071,397 | ||
Utilities (1.9%) | ||
Atmos Energy Corp. | 37,748 | 4,487,105 |
IDACORP, Inc. | 46,603 | 4,328,953 |
ONE Gas, Inc. | 91,872 | 5,928,500 |
14,744,558 | ||
TOTAL COMMON STOCKS (Cost $615,628,947) | 762,898,755 |
6
Schedule of Portfolio Investments
Boston Trust SMID Cap Fund
March 31, 2024 (Unaudited)
Investment Companies (0.9%) | ||
Shares | Fair Value ($) | |
Northern Institutional Treasury Portfolio (Premier Class), 5.15% (b) | 7,164,792 | 7,164,792 |
TOTAL INVESTMENT COMPANIES (Cost $7,164,792) | 7,164,792 | |
Total Investments (Cost $622,793,739) — 100.3% | 770,063,547 | |
Liabilities in excess of other assets — (0.3)% | (2,302,213) | |
Net Assets — 100.0% | $767,761,334 |
(a) | Non-income producing security. |
(b) | Rate disclosed is the seven day yield as of March 31, 2024. |
PLC | Public Limited Company |
7
Schedule of Portfolio Investments
Boston Trust Walden Balanced Fund
March 31, 2024 (Unaudited)
Common Stocks (69.7%) | ||
Shares | Fair Value ($) | |
Communication Services (6.6%) | ||
Alphabet, Inc., Class A (a) | 20,000 | 3,018,600 |
Alphabet, Inc., Class C (a) | 42,300 | 6,440,598 |
Comcast Corp., Class A | 37,575 | 1,628,876 |
11,088,074 | ||
Consumer Discretionary (5.3%) | ||
AutoZone, Inc. (a) | 780 | 2,458,287 |
Lowe's Cos., Inc. | 5,800 | 1,477,434 |
NIKE, Inc., Class B | 17,000 | 1,597,660 |
Ross Stores, Inc. | 13,000 | 1,907,880 |
Starbucks Corp. | 15,850 | 1,448,532 |
8,889,793 | ||
Consumer Staples (4.2%) | ||
Costco Wholesale Corp. | 4,200 | 3,077,046 |
Dollar General Corp. | 7,000 | 1,092,420 |
PepsiCo, Inc. | 15,915 | 2,785,284 |
6,954,750 | ||
Energy (4.3%) | ||
ConocoPhillips | 39,580 | 5,037,742 |
Schlumberger NV | 38,690 | 2,120,599 |
7,158,341 | ||
Financials (10.7%) | ||
Chubb Ltd. | 9,500 | 2,461,735 |
FactSet Research Systems, Inc. | 3,000 | 1,363,170 |
JPMorgan Chase & Co. | 26,875 | 5,383,063 |
Marsh & McLennan Cos., Inc. | 8,000 | 1,647,840 |
Northern Trust Corp. | 13,285 | 1,181,302 |
T. Rowe Price Group, Inc. | 10,000 | 1,219,200 |
Visa, Inc., Class A | 16,465 | 4,595,052 |
17,851,362 | ||
Health Care (10.7%) | ||
Agilent Technologies, Inc. | 8,000 | 1,164,080 |
Becton, Dickinson and Co. | 7,250 | 1,794,013 |
Cooper (The) Cos., Inc. | 12,000 | 1,217,520 |
Johnson & Johnson | 19,815 | 3,134,535 |
Merck & Co., Inc. | 15,000 | 1,979,250 |
Stryker Corp. | 9,250 | 3,310,297 |
UnitedHealth Group, Inc. | 6,750 | 3,339,225 |
Waters Corp. (a) | 5,425 | 1,867,448 |
17,806,368 | ||
Industrials (7.1%) | ||
Automatic Data Processing, Inc. | 6,695 | 1,672,010 |
Deere & Co. | 5,500 | 2,259,070 |
Donaldson Co., Inc. | 14,290 | 1,067,177 |
Hubbell, Inc. | 7,000 | 2,905,350 |
Union Pacific Corp. | 9,755 | 2,399,047 |
United Parcel Service, Inc., Class B | 10,000 | 1,486,300 |
11,788,954 | ||
Information Technology (18.5%) | ||
Accenture PLC, Class A | 12,000 | 4,159,320 |
Adobe, Inc. (a) | 3,840 | 1,937,664 |
Analog Devices, Inc. | 8,745 | 1,729,674 |
Apple, Inc. | 36,265 | 6,218,722 |
Applied Materials, Inc. | 5,045 | 1,040,430 |
Cisco Systems, Inc. | 35,515 | 1,772,554 |
Common Stocks (continued) | ||
Shares | Fair Value ($) | |
Information Technology (continued) | ||
Microsoft Corp. | 31,275 | 13,158,018 |
TE Connectivity Ltd. | 6,500 | 944,060 |
30,960,442 | ||
Materials (1.8%) | ||
Air Products and Chemicals, Inc. | 6,005 | 1,454,831 |
AptarGroup, Inc. | 10,500 | 1,510,845 |
2,965,676 | ||
Utilities (0.5%) | ||
Eversource Energy | 13,755 | 822,136 |
TOTAL COMMON STOCKS (Cost $40,229,449) | 116,285,896 |
Corporate Bonds (9.1%) | ||
Principal Amount ($) | ||
Communication Services (0.8%) | ||
Comcast Corp., 3.95%, 10/15/25 | 250,000 | 245,873 |
Comcast Corp., 3.30%, 4/1/27 | 250,000 | 239,298 |
Verizon Communications, Inc., 1.50%, 9/18/30 | 1,000,000 | 815,928 |
1,301,099 | ||
Consumer Discretionary (1.8%) | ||
Home Depot (The), Inc., 1.38%, 3/15/31 | 1,500,000 | 1,200,219 |
NIKE, Inc., 2.75%, 3/27/27 | 500,000 | 473,707 |
Starbucks Corp., 2.45%, 6/15/26, Callable 3/15/26 @ 100 | 350,000 | 331,004 |
Toyota Motor Credit Corp., 1.45%, 1/13/25, MTN | 1,000,000 | 970,520 |
2,975,450 | ||
Consumer Staples (0.8%) | ||
Estee Lauder (The) Cos., Inc., 1.95%, 3/15/31 | 1,675,000 | 1,387,165 |
Financials (0.8%) | ||
John Deere Capital, 2.80%, 7/18/29, MTN | 350,000 | 319,404 |
JPMorgan Chase & Co., 2.95%, 10/1/26, Callable 7/1/26 @ 100 | 500,000 | 476,837 |
Mastercard, Inc., 2.95%, 11/21/26, Callable 8/21/26 @ 100 | 100,000 | 95,505 |
Mastercard, Inc., 3.30%, 3/26/27 | 150,000 | 144,406 |
Visa, Inc., 3.15%, 12/14/25, Callable 9/14/25 @ 100 | 275,000 | 267,463 |
1,303,615 | ||
Health Care (1.8%) | ||
Abbott Laboratories, 2.95%, 3/15/25, Callable 12/15/24 @ 100 | 100,000 | 97,951 |
Kaiser Foundation Hospitals, 3.15%, 5/1/27, Callable 2/1/27 @ 100 | 250,000 | 238,137 |
Pfizer, Inc., 3.40%, 5/15/24 | 100,000 | 99,728 |
Pfizer, Inc., 1.70%, 5/28/30 | 1,300,000 | 1,092,573 |
Stryker Corp., 1.15%, 6/15/25 | 100,000 | 95,088 |
8
Schedule of Portfolio Investments
Boston Trust Walden Balanced Fund
March 31, 2024 (Unaudited)
Corporate Bonds (continued) | ||
Principal Amount ($) | Fair Value ($) | |
Health Care (continued) | ||
Stryker Corp., 3.50%, 3/15/26, Callable 12/15/25 @ 100 | 300,000 | 290,949 |
UnitedHealth Group, Inc., 2.88%, 8/15/29 | 1,200,000 | 1,094,790 |
3,009,216 | ||
Industrials (0.7%) | ||
3M Co., 3.00%, 8/7/25, MTN | 250,000 | 242,881 |
Hubbell, Inc., 3.35%, 3/1/26, Callable 12/1/25 @ 100 | 145,000 | 140,196 |
Hubbell, Inc., 3.50%, 2/15/28 | 150,000 | 142,390 |
Hubbell, Inc., 2.30%, 3/15/31 | 500,000 | 417,396 |
United Parcel Service, Inc., 2.40%, 11/15/26, Callable 8/15/26 @ 100 | 200,000 | 188,243 |
1,131,106 | ||
Information Technology (1.2%) | ||
Apple, Inc., 3.00%, 6/20/27 | 200,000 | 190,598 |
Apple, Inc., 2.20%, 9/11/29 | 350,000 | 311,204 |
Intel Corp., 3.90%, 3/25/30 | 1,000,000 | 951,908 |
Oracle Corp., 3.40%, 7/8/24, Callable 4/8/24 @ 100 | 300,000 | 298,077 |
Oracle Corp., 2.50%, 4/1/25 | 200,000 | 193,971 |
1,945,758 | ||
Materials (0.7%) | ||
Air Products and Chemicals, Inc., 2.05%, 5/15/30 | 1,425,000 | 1,219,444 |
Utilities (0.5%) | ||
Consolidated Edison Co. of New York, Inc., 3.35%, 4/1/30 | 1,000,000 | 921,685 |
TOTAL CORPORATE BONDS (Cost $16,718,940) | 15,194,538 |
Municipal Bonds (0.4%) | ||
Georgia (0.2%) | ||
State of Georgia, GO, Series B, 1.40%, 8/1/33 | 350,000 | 268,108 |
Hawaii (0.2%) | ||
State of Hawaii, GO, Series FZ, 1.87%, 8/1/33, Callable 8/1/30 @ 100 | 500,000 | 392,196 |
TOTAL MUNICIPAL BONDS (Cost $856,881) | 660,304 |
U.S. Government & U.S. Government Agency Obligations (19.2%) | ||
Federal Farm Credit Bank (0.5%) | ||
2.75%, 7/16/27 | 250,000 | 237,091 |
2.85%, 3/2/28 | 750,000 | 709,585 |
946,676 | ||
Federal Home Loan Bank (0.5%) | ||
5.50%, 7/15/36 | 700,000 | 770,019 |
Federal National Mortgage Association (0.9%) | ||
2.13%, 4/24/26 | 550,000 | 522,909 |
1.88%, 9/24/26 | 1,000,000 | 937,729 |
1,460,638 |
U.S. Government & U.S. Government Agency Obligations (continued) | ||
Principal Amount ($) | Fair Value ($) | |
Government National Mortgage Association (0.0%) (b) | ||
4.00%, 9/15/41 | 25,541 | 24,331 |
4.00%, 9/15/40 | 8,934 | 8,467 |
32,798 | ||
U.S. Treasury Bond (2.4%) | ||
3.88%, 5/15/43 | 4,285,000 | 3,960,779 |
U.S. Treasury Inflation Indexed Note (3.5%) | ||
0.75%, 7/15/28 | 614,335 | 587,350 |
0.25%, 7/15/29 | 1,205,730 | 1,112,864 |
0.13%, 1/15/32 | 4,811,995 | 4,209,404 |
5,909,618 | ||
U.S. Treasury Note (11.4%) | ||
2.75%, 8/15/32 | 9,575,000 | 8,595,433 |
3.88%, 8/15/33 | 10,750,000 | 10,474,531 |
19,069,964 | ||
TOTAL U.S. GOVERNMENT & U.S. GOVERNMENT AGENCY OBLIGATIONS (Cost $32,589,619) | 32,150,492 |
Investment Companies (1.4%) | ||
Shares | ||
Northern Institutional Treasury Portfolio (Premier Class), 5.15% (c) | 2,344,434 | 2,344,434 |
TOTAL INVESTMENT COMPANIES (Cost $2,344,434) | 2,344,434 | |
Total Investments (Cost $92,739,323) — 99.8% | 166,635,664 | |
Other assets in excess of liabilities — 0.2% | 289,117 | |
Net Assets — 100.0% | $166,924,781 |
(a) | Non-income producing security. |
(b) | Represents less than 0.05%. |
(c) | Rate disclosed is the seven day yield as of March 31, 2024. |
GO | General Obligation |
MTN | Medium Term Note |
PLC | Public Limited Company |
9
Schedule of Portfolio Investments
Boston Trust Walden Equity Fund
March 31, 2024 (Unaudited)
Common Stocks (99.2%) | ||
Shares | Fair Value ($) | |
Communication Services (8.8%) | ||
Alphabet, Inc., Class A (a) | 48,270 | 7,285,391 |
Alphabet, Inc., Class C (a) | 75,740 | 11,532,172 |
Comcast Corp., Class A | 126,690 | 5,492,012 |
24,309,575 | ||
Consumer Discretionary (8.7%) | ||
AutoZone, Inc. (a) | 1,510 | 4,758,991 |
Booking Holdings, Inc. | 795 | 2,884,165 |
Home Depot (The), Inc. | 4,215 | 1,616,874 |
Lowe's Cos., Inc. | 12,450 | 3,171,389 |
McDonald's Corp. | 8,485 | 2,392,346 |
NIKE, Inc., Class B | 34,040 | 3,199,079 |
Ross Stores, Inc. | 20,915 | 3,069,485 |
Starbucks Corp. | 30,235 | 2,763,177 |
23,855,506 | ||
Consumer Staples (4.3%) | ||
Costco Wholesale Corp. | 3,745 | 2,743,699 |
Hershey (The) Co. | 14,835 | 2,885,408 |
PepsiCo, Inc. | 35,205 | 6,161,227 |
11,790,334 | ||
Energy (5.7%) | ||
ConocoPhillips | 103,105 | 13,123,204 |
Schlumberger NV | 44,170 | 2,420,958 |
15,544,162 | ||
Financials (14.4%) | ||
American Express Co. | 11,330 | 2,579,728 |
Chubb Ltd. | 24,795 | 6,425,128 |
FactSet Research Systems, Inc. | 6,100 | 2,771,779 |
JPMorgan Chase & Co. | 52,265 | 10,468,679 |
Marsh & McLennan Cos., Inc. | 15,365 | 3,164,883 |
Northern Trust Corp. | 32,925 | 2,927,691 |
T. Rowe Price Group, Inc. | 20,360 | 2,482,291 |
Visa, Inc., Class A | 31,400 | 8,763,112 |
39,583,291 | ||
Health Care (15.0%) | ||
Agilent Technologies, Inc. | 21,300 | 3,099,363 |
Becton, Dickinson and Co. | 15,300 | 3,785,985 |
Cooper (The) Cos., Inc. | 30,020 | 3,045,829 |
Danaher Corp. | 4,385 | 1,095,022 |
Johnson & Johnson | 47,645 | 7,536,962 |
Merck & Co., Inc. | 35,565 | 4,692,802 |
Stryker Corp. | 20,510 | 7,339,914 |
UnitedHealth Group, Inc. | 14,910 | 7,375,977 |
Waters Corp. (a) | 9,090 | 3,129,051 |
41,100,905 | ||
Industrials (11.1%) | ||
Automatic Data Processing, Inc. | 15,740 | 3,930,908 |
Deere & Co. | 12,095 | 4,967,900 |
Donaldson Co., Inc. | 33,055 | 2,468,547 |
Hubbell, Inc. | 10,790 | 4,478,389 |
Masco Corp. | 18,570 | 1,464,802 |
Union Pacific Corp. | 26,890 | 6,613,058 |
United Parcel Service, Inc., Class B | 26,320 | 3,911,942 |
Veralto Corp. | 1,453 | 128,823 |
W.W. Grainger, Inc. | 2,605 | 2,650,066 |
30,614,435 |
Common Stocks (continued) | ||
Shares | Fair Value ($) | |
Information Technology (28.1%) | ||
Accenture PLC, Class A | 28,085 | 9,734,542 |
Adobe, Inc. (a) | 7,890 | 3,981,294 |
Analog Devices, Inc. | 23,625 | 4,672,789 |
Apple, Inc. | 105,340 | 18,063,703 |
Applied Materials, Inc. | 33,755 | 6,961,293 |
Cisco Systems, Inc. | 81,470 | 4,066,168 |
KLA Corp. | 3,975 | 2,776,816 |
Microsoft Corp. | 57,450 | 24,170,364 |
TE Connectivity Ltd. | 19,135 | 2,779,167 |
77,206,136 | ||
Materials (2.2%) | ||
Air Products and Chemicals, Inc. | 13,275 | 3,216,134 |
AptarGroup, Inc. | 19,950 | 2,870,606 |
6,086,740 | ||
Utilities (0.9%) | ||
Eversource Energy | 38,930 | 2,326,846 |
TOTAL COMMON STOCKS (Cost $105,195,121) | 272,417,930 |
Investment Companies (0.8%) | ||
Northern Institutional Treasury Portfolio (Premier Class), 5.15% (b) | 2,277,935 | 2,277,935 |
TOTAL INVESTMENT COMPANIES (Cost $2,277,935) | 2,277,935 | |
Total Investments (Cost $107,473,056) — 100.0% | 274,695,865 | |
Other assets in excess of liabilities — 0.0% | 101,062 | |
Net Assets — 100.0% | $274,796,927 |
(a) | Non-income producing security. |
(b) | Rate disclosed is the seven day yield as of March 31, 2024. |
PLC | Public Limited Company |
10
Schedule of Portfolio Investments
Boston Trust Walden Midcap Fund
March 31, 2024 (Unaudited)
Common Stocks (98.9%) | ||
Shares | Fair Value ($) | |
Communication Services (2.9%) | ||
Cable One, Inc. | 1,615 | 683,355 |
Electronic Arts, Inc. | 14,385 | 1,908,458 |
Omnicom Group, Inc. | 14,440 | 1,397,214 |
3,989,027 | ||
Consumer Discretionary (11.2%) | ||
AutoZone, Inc. (a) | 815 | 2,568,595 |
Carter's, Inc. | 17,250 | 1,460,730 |
Choice Hotels International, Inc. | 14,435 | 1,823,862 |
Columbia Sportswear Co. | 15,310 | 1,242,866 |
Ross Stores, Inc. | 17,875 | 2,623,335 |
Ulta Beauty, Inc. (a) | 4,855 | 2,538,582 |
Williams-Sonoma, Inc. | 9,465 | 3,005,422 |
15,263,392 | ||
Consumer Staples (7.1%) | ||
BJ's Wholesale Club Holdings, Inc. (a) | 27,800 | 2,103,070 |
Church & Dwight Co., Inc. | 12,905 | 1,346,121 |
Dollar General Corp. | 10,070 | 1,571,524 |
Hershey (The) Co. | 9,295 | 1,807,877 |
McCormick & Co., Inc. (Non Voting) | 18,800 | 1,444,028 |
Sysco Corp. | 16,900 | 1,371,942 |
9,644,562 | ||
Energy (2.9%) | ||
Baker Hughes Co. | 118,975 | 3,985,663 |
Financials (15.2%) | ||
American Financial Group, Inc. | 12,470 | 1,701,906 |
Brown & Brown, Inc. | 19,015 | 1,664,573 |
Cboe Global Markets, Inc. | 9,205 | 1,691,235 |
Cincinnati Financial Corp. | 10,950 | 1,359,661 |
East West Bancorp, Inc. | 16,975 | 1,342,892 |
Everest Re Group Ltd. | 4,360 | 1,733,100 |
FactSet Research Systems, Inc. | 5,710 | 2,594,567 |
M&T Bank Corp. | 10,950 | 1,592,568 |
Northern Trust Corp. | 20,980 | 1,865,542 |
SEI Investments Co. | 44,415 | 3,193,438 |
T. Rowe Price Group, Inc. | 16,575 | 2,020,824 |
20,760,306 | ||
Health Care (12.3%) | ||
Agilent Technologies, Inc. | 13,375 | 1,946,196 |
Chemed Corp. | 2,210 | 1,418,665 |
Cooper (The) Cos., Inc. | 26,995 | 2,738,913 |
Laboratory Corp. of America Holdings | 6,025 | 1,316,221 |
Medpace Holdings, Inc. (a) | 3,210 | 1,297,321 |
Mettler-Toledo International, Inc. (a) | 1,575 | 2,096,782 |
STERIS PLC | 8,440 | 1,897,481 |
Teleflex, Inc. | 6,310 | 1,427,133 |
Waters Corp. (a) | 7,625 | 2,624,754 |
16,763,466 | ||
Industrials (20.8%) | ||
A O Smith Corp. | 19,385 | 1,734,182 |
Allegion PLC | 14,925 | 2,010,547 |
AMETEK, Inc. | 13,800 | 2,524,020 |
Broadridge Financial Solutions, Inc. | 6,280 | 1,286,521 |
Donaldson Co., Inc. | 30,500 | 2,277,740 |
Common Stocks (continued) | ||
Shares | Fair Value ($) | |
Industrials (continued) | ||
Expeditors International of Washington, Inc. | 14,900 | 1,811,393 |
Hubbell, Inc. | 5,525 | 2,293,151 |
Lincoln Electric Holdings, Inc. | 8,720 | 2,227,437 |
Nordson Corp. | 8,140 | 2,234,756 |
Paychex, Inc. | 30,335 | 3,725,138 |
Paycom Software, Inc. | 9,525 | 1,895,570 |
Rockwell Automation, Inc. | 5,275 | 1,536,766 |
W.W. Grainger, Inc. | 2,725 | 2,772,142 |
28,329,363 | ||
Information Technology (11.4%) | ||
Amdocs Ltd. | 14,985 | 1,354,194 |
ANSYS, Inc. (a) | 6,365 | 2,209,673 |
Check Point Software Technologies Ltd. (a) | 8,815 | 1,445,748 |
F5, Inc. (a) | 8,455 | 1,602,984 |
Fortinet, Inc. (a) | 29,125 | 1,989,529 |
TE Connectivity Ltd. | 15,605 | 2,266,470 |
Teradyne, Inc. | 26,000 | 2,933,580 |
Zebra Technologies Corp., Class A (a) | 5,750 | 1,733,280 |
15,535,458 | ||
Materials (6.8%) | ||
AptarGroup, Inc. | 15,910 | 2,289,290 |
Avery Dennison Corp. | 8,260 | 1,844,045 |
Ball Corp. | 24,515 | 1,651,331 |
Packaging Corp. of America | 8,435 | 1,600,794 |
RPM International, Inc. | 15,295 | 1,819,340 |
9,204,800 | ||
Real Estate (3.6%) | ||
AvalonBay Communities, Inc. | 7,590 | 1,408,401 |
CubeSmart | 29,065 | 1,314,319 |
Jones Lang LaSalle, Inc. (a) | 11,070 | 2,159,646 |
4,882,366 | ||
Utilities (4.7%) | ||
Atmos Energy Corp. | 11,490 | 1,365,816 |
Essential Utilities, Inc. | 37,785 | 1,399,934 |
Eversource Energy | 40,955 | 2,447,881 |
ONE Gas, Inc. | 19,410 | 1,252,527 |
6,466,158 | ||
TOTAL COMMON STOCKS (Cost $91,593,379) | 134,824,561 |
Investment Companies (1.0%) | ||
Northern Institutional Treasury Portfolio (Premier Class), 5.15% (b) | 1,380,866 | 1,380,866 |
TOTAL INVESTMENT COMPANIES (Cost $1,380,866) | 1,380,866 | |
Total Investments (Cost $92,974,245) — 99.9% | 136,205,427 | |
Other assets in excess of liabilities — 0.1% | 75,178 | |
Net Assets — 100.0% | $136,280,605 |
(a) | Non-income producing security. |
(b) | Rate disclosed is the seven day yield as of March 31, 2024. |
11
Schedule of Portfolio Investments
Boston Trust Walden Midcap Fund
March 31, 2024 (Unaudited)
PLC | Public Limited Company |
12
Schedule of Portfolio Investments
Boston Trust Walden SMID Cap Fund
March 31, 2024 (Unaudited)
Common Stocks (99.6%) | ||
Shares | Fair Value ($) | |
Communication Services (1.2%) | ||
Interpublic Group of (The) Cos., Inc. | 93,820 | 3,061,347 |
Consumer Discretionary (10.4%) | ||
Carter's, Inc. | 28,749 | 2,434,465 |
Cavco Industries, Inc. (a) | 4,835 | 1,929,455 |
Choice Hotels International, Inc. | 35,186 | 4,445,751 |
Columbia Sportswear Co. | 34,519 | 2,802,253 |
Texas Roadhouse, Inc. | 18,662 | 2,882,719 |
TopBuild Corp. (a) | 13,725 | 6,049,019 |
Williams-Sonoma, Inc. | 17,061 | 5,417,380 |
25,961,042 | ||
Consumer Staples (4.8%) | ||
BJ's Wholesale Club Holdings, Inc. (a) | 68,091 | 5,151,084 |
Flowers Foods, Inc. | 171,781 | 4,079,799 |
McCormick & Co., Inc. (Non Voting) | 35,368 | 2,716,616 |
11,947,499 | ||
Financials (16.6%) | ||
American Financial Group, Inc. | 27,875 | 3,804,380 |
Cboe Global Markets, Inc. | 20,000 | 3,674,600 |
Cincinnati Financial Corp. | 31,100 | 3,861,687 |
Cohen & Steers, Inc. | 22,940 | 1,763,857 |
Commerce Bancshares, Inc. | 30,016 | 1,596,851 |
East West Bancorp, Inc. | 42,739 | 3,381,082 |
FactSet Research Systems, Inc. | 8,400 | 3,816,876 |
International Bancshares Corp. | 46,100 | 2,588,054 |
Jack Henry & Associates, Inc. | 19,925 | 3,461,570 |
Northern Trust Corp. | 33,665 | 2,993,492 |
SEI Investments Co. | 71,510 | 5,141,569 |
Selective Insurance Group, Inc. | 29,420 | 3,211,781 |
UMB Financial Corp. | 26,033 | 2,264,611 |
41,560,410 | ||
Health Care (9.4%) | ||
Chemed Corp. | 6,846 | 4,394,653 |
Cooper (The) Cos., Inc. | 46,855 | 4,753,908 |
Medpace Holdings, Inc. (a) | 8,900 | 3,596,935 |
Revvity, Inc. | 18,286 | 1,920,030 |
Teleflex, Inc. | 15,599 | 3,528,026 |
Waters Corp. (a) | 15,740 | 5,418,180 |
23,611,732 | ||
Industrials (27.9%) | ||
A O Smith Corp. | 49,100 | 4,392,486 |
Acuity Brands, Inc. | 12,754 | 3,427,382 |
Allegion PLC | 29,500 | 3,973,945 |
Applied Industrial Technologies, Inc. | 30,775 | 6,079,601 |
Donaldson Co., Inc. | 62,641 | 4,678,030 |
ExlService Holdings, Inc. (a) | 134,354 | 4,272,457 |
Expeditors International of Washington, Inc. | 27,937 | 3,396,301 |
Franklin Electric Co., Inc. | 21,738 | 2,321,836 |
Hubbell, Inc. | 11,820 | 4,905,891 |
IDEX Corp. | 24,500 | 5,978,490 |
Lincoln Electric Holdings, Inc. | 15,380 | 3,928,667 |
Masco Corp. | 35,525 | 2,802,212 |
Middleby (The) Corp. (a) | 17,136 | 2,755,297 |
Nordson Corp. | 18,068 | 4,960,389 |
Paycom Software, Inc. | 17,835 | 3,549,343 |
Common Stocks (continued) | ||
Shares | Fair Value ($) | |
Industrials (continued) | ||
Robert Half International, Inc. | 31,457 | 2,493,911 |
Snap-on, Inc. | 12,330 | 3,652,393 |
Toro (The) Co. | 26,166 | 2,397,591 |
69,966,222 | ||
Information Technology (15.6%) | ||
Akamai Technologies, Inc. (a) | 19,025 | 2,069,159 |
Amdocs Ltd. | 35,650 | 3,221,690 |
Aspen Technology, Inc. (a) | 12,295 | 2,622,278 |
Check Point Software Technologies Ltd. (a) | 22,205 | 3,641,842 |
Dolby Laboratories, Inc., Class A | 37,518 | 3,142,883 |
F5, Inc. (a) | 22,755 | 4,314,120 |
Manhattan Associates, Inc. (a) | 12,456 | 3,116,865 |
NetApp, Inc. | 34,682 | 3,640,569 |
Progress Software Corp. | 56,273 | 2,999,914 |
Qualys, Inc. (a) | 28,500 | 4,755,795 |
Teradyne, Inc. | 23,175 | 2,614,835 |
Zebra Technologies Corp., Class A (a) | 9,765 | 2,943,562 |
39,083,512 | ||
Materials (6.6%) | ||
AptarGroup, Inc. | 33,495 | 4,819,596 |
Avery Dennison Corp. | 14,345 | 3,202,521 |
Packaging Corp. of America | 15,430 | 2,928,306 |
RPM International, Inc. | 32,295 | 3,841,490 |
Silgan Holdings, Inc. | 38,465 | 1,867,860 |
16,659,773 | ||
Real Estate (7.1%) | ||
Camden Property Trust | 22,524 | 2,216,362 |
CubeSmart | 57,295 | 2,590,880 |
Healthpeak Properties, Inc. | 132,801 | 2,490,017 |
Jones Lang LaSalle, Inc. (a) | 18,665 | 3,641,355 |
Lamar Advertising Co., Class A | 27,907 | 3,332,375 |
STAG Industrial, Inc. | 93,387 | 3,589,796 |
17,860,785 | ||
TOTAL COMMON STOCKS (Cost $191,406,308) | 249,712,322 |
Investment Companies (1.1%) | ||
Northern Institutional Treasury Portfolio (Premier Class), 5.15% (b) | 2,689,456 | 2,689,456 |
TOTAL INVESTMENT COMPANIES (Cost $2,689,456) | 2,689,456 | |
Total Investments (Cost $194,095,764) — 100.7% | 252,401,778 | |
Liabilities in excess of other assets — (0.7)% | (1,746,551) | |
Net Assets — 100.0% | $250,655,227 |
(a) | Non-income producing security. |
(b) | Rate disclosed is the seven day yield as of March 31, 2024. |
PLC | Public Limited Company |
13
Schedule of Portfolio Investments
Boston Trust Walden Small Cap Fund
March 31, 2024 (Unaudited)
Common Stocks (99.3%) | ||
Shares | Fair Value ($) | |
Communication Services (1.6%) | ||
Cable One, Inc. | 25,926 | 10,970,068 |
Shutterstock, Inc. | 235,521 | 10,789,217 |
21,759,285 | ||
Consumer Discretionary (9.7%) | ||
Carter's, Inc. | 260,975 | 22,099,363 |
Cavco Industries, Inc. (a) | 51,247 | 20,450,628 |
Choice Hotels International, Inc. | 179,735 | 22,709,517 |
Columbia Sportswear Co. | 308,750 | 25,064,325 |
Installed Building Products, Inc. | 53,590 | 13,865,341 |
Texas Roadhouse, Inc. | 159,705 | 24,669,631 |
128,858,805 | ||
Consumer Staples (6.9%) | ||
Central Garden & Pet Co., Class A (a) | 263,470 | 9,727,312 |
Flowers Foods, Inc. | 1,104,351 | 26,228,336 |
Lancaster Colony Corp. | 124,904 | 25,933,818 |
Sprouts Farmers Market, Inc. (a) | 473,815 | 30,551,591 |
92,441,057 | ||
Energy (4.5%) | ||
Cactus, Inc., Class A | 524,898 | 26,292,141 |
Core Laboratories, Inc. | 501,102 | 8,558,822 |
Helmerich & Payne, Inc. | 606,003 | 25,488,486 |
60,339,449 | ||
Financials (14.6%) | ||
1st Source Corp. | 171,367 | 8,983,058 |
Cathay General Bancorp | 278,900 | 10,550,787 |
Cohen & Steers, Inc. | 245,611 | 18,885,030 |
Commerce Bancshares, Inc. | 257,502 | 13,699,106 |
Donnelley Financial Solutions, Inc. (a) | 321,925 | 19,962,569 |
Evercore, Inc. | 119,449 | 23,004,683 |
Hanover Insurance Group (The), Inc. | 144,025 | 19,611,884 |
Independent Bank Corp. | 252,150 | 13,116,843 |
International Bancshares Corp. | 356,947 | 20,039,005 |
Lakeland Financial Corp. | 133,281 | 8,839,196 |
Selective Insurance Group, Inc. | 237,080 | 25,882,024 |
UMB Financial Corp. | 144,094 | 12,534,737 |
195,108,922 | ||
Health Care (14.9%) | ||
Atrion Corp. | 13,765 | 6,380,766 |
Chemed Corp. | 43,325 | 27,811,617 |
Corcept Therapeutics, Inc. (a) | 763,075 | 19,221,859 |
CorVel Corp. (a) | 109,608 | 28,822,520 |
Globus Medical, Inc., Class A (a) | 299,902 | 16,086,743 |
Haemonetics Corp. (a) | 285,881 | 24,399,943 |
ICU Medical, Inc. (a) | 134,779 | 14,464,482 |
Inmode Ltd. (a) | 574,467 | 12,414,232 |
Medpace Holdings, Inc. (a) | 63,245 | 25,560,467 |
US Physical Therapy, Inc. | 213,300 | 24,075,171 |
199,237,800 | ||
Industrials (19.5%) | ||
Acuity Brands, Inc. | 79,832 | 21,453,253 |
Applied Industrial Technologies, Inc. | 151,436 | 29,916,182 |
Comfort Systems U.S.A., Inc. | 43,440 | 13,801,322 |
Common Stocks (continued) | ||
Shares | Fair Value ($) | |
Industrials (continued) | ||
CSG Systems International, Inc. | 327,362 | 16,872,237 |
Donaldson Co., Inc. | 383,488 | 28,638,884 |
ExlService Holdings, Inc. (a) | 818,519 | 26,028,904 |
Franklin Electric Co., Inc. | 253,220 | 27,046,428 |
Insperity, Inc. | 92,509 | 10,139,912 |
Landstar System, Inc. | 92,118 | 17,756,666 |
MSC Industrial Direct Co., Inc., Class A | 207,017 | 20,088,930 |
UniFirst Corp. | 54,865 | 9,515,237 |
Valmont Industries, Inc. | 47,154 | 10,764,315 |
Watts Water Technologies, Inc., Class A | 128,429 | 27,297,584 |
259,319,854 | ||
Information Technology (13.6%) | ||
Badger Meter, Inc. | 97,825 | 15,829,063 |
InterDigital, Inc. | 250,950 | 26,716,137 |
Littelfuse, Inc. | 126,500 | 30,657,275 |
Plexus Corp. (a) | 159,002 | 15,076,570 |
Power Integrations, Inc. | 323,024 | 23,112,367 |
Progress Software Corp. | 424,105 | 22,609,038 |
Qualys, Inc. (a) | 152,426 | 25,435,327 |
Teradata Corp. (a) | 579,878 | 22,423,882 |
181,859,659 | ||
Materials (6.2%) | ||
AptarGroup, Inc. | 192,129 | 27,645,442 |
Minerals Technologies, Inc. | 255,538 | 19,236,901 |
Sensient Technologies Corp. | 217,425 | 15,043,636 |
Silgan Holdings, Inc. | 427,715 | 20,769,840 |
82,695,819 | ||
Real Estate (4.6%) | ||
Four Corners Property Trust, Inc. | 407,340 | 9,967,610 |
Healthpeak Properties, Inc. | 1 | 9 |
Jones Lang LaSalle, Inc. (a) | 131,900 | 25,732,371 |
STAG Industrial, Inc. | 654,310 | 25,151,677 |
60,851,667 | ||
Utilities (3.2%) | ||
Chesapeake Utilities Corp. | 63,230 | 6,784,579 |
IDACORP, Inc. | 157,479 | 14,628,224 |
ONE Gas, Inc. | 190,560 | 12,296,837 |
Unitil Corp. | 159,679 | 8,359,196 |
42,068,836 | ||
TOTAL COMMON STOCKS (Cost $1,007,668,263) | 1,324,541,153 |
Investment Companies (0.7%) | ||
Northern Institutional Treasury Portfolio (Premier Class), 5.15% (b) | 9,189,929 | 9,189,929 |
TOTAL INVESTMENT COMPANIES (Cost $9,189,929) | 9,189,929 | |
Total Investments (Cost $1,016,858,192) — 100.0% | 1,333,731,082 | |
Liabilities in excess of other assets — (0.0)% | (200,608) | |
Net Assets — 100.0% | $1,333,530,474 |
14
Schedule of Portfolio Investments
Boston Trust Walden Small Cap Fund
March 31, 2024 (Unaudited)
(a) | Non-income producing security. |
(b) | Rate disclosed is the seven day yield as of March 31, 2024. |
15
Schedule of Portfolio Investments
Boston Trust Walden International Equity Fund
March 31, 2024 (Unaudited)
Common Stocks (98.4%) | ||
Shares | Fair Value ($) | |
Australia (5.3%) | ||
Brambles Ltd. | 262,700 | 2,769,933 |
Insurance Australia Group Ltd. | 640,300 | 2,670,532 |
Woodside Energy Group Ltd. | 107,800 | 2,153,406 |
7,593,871 | ||
Canada (8.6%) | ||
BCE, Inc. | 19,300 | 655,848 |
Canadian National Railway Co. | 20,300 | 2,673,147 |
Intact Financial Corp. | 5,200 | 844,715 |
Magna International, Inc. | 38,200 | 2,080,970 |
Royal Bank of Canada | 36,100 | 3,641,048 |
Toronto-Dominion (The) Bank | 29,100 | 1,756,248 |
Tourmaline Oil Corp. | 15,100 | 705,978 |
12,357,954 | ||
Denmark (3.3%) | ||
Novo Nordisk A/S, Class B | 30,000 | 3,842,878 |
Novonesis (Novozymes), Class B | 14,500 | 851,013 |
4,693,891 | ||
Finland (1.8%) | ||
Kone OYJ, Class B | 55,000 | 2,558,285 |
France (11.0%) | ||
Air Liquide SA | 15,900 | 3,313,576 |
Dassault Systemes SE | 36,100 | 1,596,746 |
EssilorLuxottica SA | 5,400 | 1,224,688 |
Legrand SA | 15,200 | 1,608,129 |
L'Oreal SA | 4,200 | 1,991,901 |
Publicis Groupe SA | 12,700 | 1,384,033 |
Schneider Electric SE | 16,000 | 3,618,117 |
Societe BIC SA | 14,300 | 1,021,207 |
15,758,397 | ||
Germany (6.8%) | ||
Allianz SE (Registered) | 3,400 | 1,018,929 |
Deutsche Boerse AG | 14,200 | 2,905,465 |
Hannover Rueck SE | 5,600 | 1,532,620 |
Merck KGaA | 10,500 | 1,853,126 |
SAP SE | 12,600 | 2,453,134 |
9,763,274 | ||
Hong Kong (0.4%) | ||
Sino Land Co. Ltd. | 548,000 | 569,660 |
Ireland (1.1%) | ||
Smurfit Kappa Group PLC | 34,100 | 1,555,563 |
Israel (1.2%) | ||
Check Point Software Technologies Ltd. (a) | 5,500 | 902,055 |
Nice Ltd. (a) | 3,500 | 911,939 |
1,813,994 | ||
Italy (1.7%) | ||
FinecoBank Banca Fineco SpA | 64,000 | 958,390 |
Terna - Rete Elettrica Nazionale | 175,500 | 1,455,417 |
2,413,807 | ||
Japan (20.0%) | ||
Chiba Bank (The) Ltd. | 236,200 | 1,966,262 |
Inpex Corp. | 113,100 | 1,723,359 |
Common Stocks (continued) | ||
Shares | Fair Value ($) | |
Japan (continued) | ||
Kakaku.com, Inc. | 53,700 | 650,305 |
Mitsubishi Estate Co. Ltd. | 98,500 | 1,791,790 |
Nippon Telegraph & Telephone Corp. | 2,030,200 | 2,417,019 |
Nitto Denko Corp. | 30,600 | 2,796,414 |
Nomura Research Institute Ltd. | 54,000 | 1,524,182 |
Oracle Corp. | 27,200 | 2,044,250 |
Sumitomo Mitsui Financial Group, Inc. | 48,900 | 2,858,716 |
Sysmex Corp. | 121,500 | 2,167,908 |
Terumo Corp. | 139,800 | 2,562,448 |
Tokio Marine Holdings, Inc. | 44,200 | 1,388,266 |
Toyota Motor Corp. | 190,500 | 4,788,431 |
28,679,350 | ||
Jersey, C.I. (1.0%) | ||
Experian PLC | 34,100 | 1,488,671 |
Netherlands (5.8%) | ||
ASML Holding NV | 3,300 | 3,168,274 |
ING Groep NV | 78,700 | 1,296,118 |
Koninklijke Ahold Delhaize NV | 32,200 | 962,774 |
Koninklijke Vopak NV | 34,700 | 1,337,077 |
Wolters Kluwer NV | 10,000 | 1,566,086 |
8,330,329 | ||
Norway (1.1%) | ||
Equinor ASA | 59,100 | 1,585,734 |
Singapore (1.6%) | ||
DBS Group Holdings Ltd. | 58,900 | 1,575,410 |
Singapore Exchange Ltd. | 110,000 | 751,280 |
2,326,690 | ||
Spain (1.7%) | ||
Industria de Diseno Textil SA | 47,900 | 2,412,092 |
Sweden (3.2%) | ||
Assa Abloy AB, Class B | 39,500 | 1,133,049 |
Atlas Copco AB, Class A | 119,400 | 2,014,914 |
Svenska Handelsbanken AB, Class A | 140,200 | 1,417,854 |
4,565,817 | ||
Switzerland (8.8%) | ||
Cie Financiere Richemont SA (Registered) | 20,000 | 3,059,485 |
Nestle SA (Registered) | 43,000 | 4,565,758 |
Roche Holding AG | 12,000 | 3,063,322 |
Sonova Holding AG (Registered) | 3,100 | 897,247 |
Zurich Insurance Group AG | 1,900 | 1,024,443 |
12,610,255 | ||
United Kingdom (13.1%) | ||
Compass Group PLC | 67,200 | 1,969,436 |
Croda International PLC | 16,100 | 998,564 |
Johnson Matthey PLC | 86,700 | 1,956,566 |
National Grid PLC | 213,800 | 2,876,352 |
Next PLC | 24,300 | 2,837,200 |
Reckitt Benckiser Group PLC | 17,100 | 972,802 |
RELX PLC (London Exchange) | 69,300 | 2,994,388 |
16
Schedule of Portfolio Investments
Boston Trust Walden International Equity Fund
March 31, 2024 (Unaudited)
Common Stocks (continued) | ||
Shares | Fair Value ($) | |
United Kingdom (continued) | ||
Schroders PLC | 203,400 | 969,010 |
Unilever PLC | 63,800 | 3,203,791 |
18,778,109 | ||
United States (0.9%) | ||
Tenaris SA | 69,200 | 1,367,332 |
TOTAL COMMON STOCKS (Cost $109,837,874) | 141,223,075 |
Investment Companies (1.0%) | ||
Principal Amount ($) | ||
Northern Institutional Treasury Portfolio (Premier Class), 5.15% (b) | 1,437,625 | 1,437,625 |
TOTAL INVESTMENT COMPANIES (Cost $1,437,625) | 1,437,625 | |
Total Investments (Cost $111,275,499) — 99.4% | 142,660,700 | |
Other assets in excess of liabilities — 0.6% | 891,949 | |
Net Assets — 100.0% | $143,552,649 |
(a) | Non-income producing security. |
(b) | Rate disclosed is the seven day yield as of March 31, 2024. |
PLC | Public Limited Company |
The Fund invested, as a percentage of net assets at value, in the following industries as of March 31, 2024:
Industry | Percentage of Total Net Assets |
Financials | 20.0% |
Industrials | 16.3 |
Consumer Discretionary | 11.9 |
Health Care | 11.0 |
Information Technology | 8.7 |
Consumer Staples | 8.2 |
Materials | 7.9 |
Energy | 6.1 |
Communication Services | 3.7 |
Utilities | 3.0 |
Real Estate | 1.6 |
Investment Companies | 1.0 |
Other net assets | 0.6 |
Total | 100.0% |
17