Shareholder Report
Mar. 31, 2025
USD ($)
Holding
This report describes changes to the Fund that occurred during the reporting period.
Fund Expenses for the Last Six Months
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Cost of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Trillium ESG Global Equity Fund (Institutional Shares) |
$48 | 1.00% |
Key Fund Statistics
The following table outlines key fund statistics that you should pay attention to.
| Fund net assets | $772,440,162 |
| Total number of portfolio holdings | 87 |
| Portfolio turnover rate as of the end of the reporting period | 16.34% |
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund, excluding short-term investments, represented as a percentage of the total net assets of the Fund.
TOP TEN HOLDINGS
| Microsoft Corp. | 5.0% |
| Alphabet, Inc. - Class A | 4.1% |
| NVIDIA Corp. | 3.8% |
| Apple, Inc. | 3.3% |
| Visa, Inc. - Class A | 2.7% |
| TJX Cos. (The), Inc. | 1.8% |
| Unilever PLC | 1.7% |
| Intercontinental Exchange, Inc. | 1.7% |
| Taiwan Semiconductor Manufacturing Co. Ltd. - ADR | 1.7% |
| Bank of New York Mellon (The) Corp. | 1.6% |
SECTOR ALLOCATION
GEOGRAPHICAL ALLOCATION
TOP TEN HOLDINGS
| Microsoft Corp. | 5.0% |
| Alphabet, Inc. - Class A | 4.1% |
| NVIDIA Corp. | 3.8% |
| Apple, Inc. | 3.3% |
| Visa, Inc. - Class A | 2.7% |
| TJX Cos. (The), Inc. | 1.8% |
| Unilever PLC | 1.7% |
| Intercontinental Exchange, Inc. | 1.7% |
| Taiwan Semiconductor Manufacturing Co. Ltd. - ADR | 1.7% |
| Bank of New York Mellon (The) Corp. | 1.6% |
Material Fund Changes
Effective February 1, 2025, the Trillium ESG Global Equity Fund modified its investment objective as follows:
The Trillium ESG Global Equity Fund seeks long-term capital appreciation by investing in companies that meet Trillium Asset Management, LLC's (“Trillium”) environmental, social, and governance (“ESG”) criteria.
The above modification of the investment objective was made to clarify the role of Trillium's ESG criteria in the stock selection process and was not in connection with any change in Trillium's investment process with respect to the Fund.
This is a summary of certain changes to the Fund since September 30, 2024. For more complete information, you may review the Fund's prospectus dated February 1, 2025, at connect.rightprospectus.com/Trillium/ or upon request at 866-260-9549 (toll free) or 312-557-5913.
Effective February 1, 2025, the Trillium ESG Global Equity Fund modified its investment objective as follows:
The Trillium ESG Global Equity Fund seeks long-term capital appreciation by investing in companies that meet Trillium Asset Management, LLC's (“Trillium”) environmental, social, and governance (“ESG”) criteria.
The above modification of the investment objective was made to clarify the role of Trillium's ESG criteria in the stock selection process and was not in connection with any change in Trillium's investment process with respect to the Fund.
This is a summary of certain changes to the Fund since September 30, 2024. For more complete information, you may review the Fund's prospectus dated February 1, 2025, at connect.rightprospectus.com/Trillium/ or upon request at 866-260-9549 (toll free) or 312-557-5913.
This report describes changes to the Fund that occurred during the reporting period.
Fund Expenses for the Last Six Months
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Cost of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Trillium ESG Global Equity Fund (Investor Shares) |
$59 | 1.22% |
Key Fund Statistics
The following table outlines key fund statistics that you should pay attention to.
| Fund net assets | $772,440,162 |
| Total number of portfolio holdings | 87 |
| Portfolio turnover rate as of the end of the reporting period | 16.34% |
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund, excluding short-term investments, represented as a percentage of the total net assets of the Fund.
TOP TEN HOLDINGS
| Microsoft Corp. | 5.0% |
| Alphabet, Inc. - Class A | 4.1% |
| NVIDIA Corp. | 3.8% |
| Apple, Inc. | 3.3% |
| Visa, Inc. - Class A | 2.7% |
| TJX Cos. (The), Inc. | 1.8% |
| Unilever PLC | 1.7% |
| Intercontinental Exchange, Inc. | 1.7% |
| Taiwan Semiconductor Manufacturing Co. Ltd. - ADR | 1.7% |
| Bank of New York Mellon (The) Corp. | 1.6% |
SECTOR ALLOCATION
GEOGRAPHICAL ALLOCATION
TOP TEN HOLDINGS
| Microsoft Corp. | 5.0% |
| Alphabet, Inc. - Class A | 4.1% |
| NVIDIA Corp. | 3.8% |
| Apple, Inc. | 3.3% |
| Visa, Inc. - Class A | 2.7% |
| TJX Cos. (The), Inc. | 1.8% |
| Unilever PLC | 1.7% |
| Intercontinental Exchange, Inc. | 1.7% |
| Taiwan Semiconductor Manufacturing Co. Ltd. - ADR | 1.7% |
| Bank of New York Mellon (The) Corp. | 1.6% |
Material Fund Changes
Effective February 1, 2025, the Trillium ESG Global Equity Fund modified its investment objective as follows:
The Trillium ESG Global Equity Fund seeks long-term capital appreciation by investing in companies that meet Trillium Asset Management, LLC's (“Trillium”) environmental, social, and governance (“ESG”) criteria.
The above modification of the investment objective was made to clarify the role of Trillium's ESG criteria in the stock selection process and was not in connection with any change in Trillium's investment process with respect to the Fund.
This is a summary of certain changes to the Fund since September 30, 2024. For more complete information, you may review the Fund's prospectus dated February 1, 2025, at connect.rightprospectus.com/Trillium/ or upon request at 866-260-9549 (toll free) or 312-557-5913.
Effective February 1, 2025, the Trillium ESG Global Equity Fund modified its investment objective as follows:
The Trillium ESG Global Equity Fund seeks long-term capital appreciation by investing in companies that meet Trillium Asset Management, LLC's (“Trillium”) environmental, social, and governance (“ESG”) criteria.
The above modification of the investment objective was made to clarify the role of Trillium's ESG criteria in the stock selection process and was not in connection with any change in Trillium's investment process with respect to the Fund.
This is a summary of certain changes to the Fund since September 30, 2024. For more complete information, you may review the Fund's prospectus dated February 1, 2025, at connect.rightprospectus.com/Trillium/ or upon request at 866-260-9549 (toll free) or 312-557-5913.
This report describes changes to the Fund that occurred during the reporting period.
Fund Expenses for the Last Six Months
(Based on a hypothetical $10,000 investment)
| Fund (Class) | Cost of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
| Trillium ESG Small/Mid Cap Fund (Institutional Shares) |
$47 | 0.97% |
Key Fund Statistics
The following table outlines key fund statistics that you should pay attention to.
| Fund net assets | $31,856,086 |
| Total number of portfolio holdings | 67 |
| Portfolio turnover rate as of the end of the reporting period | 11.71% |
Graphical Representation of Holdings
The tables below show the investment makeup of the Fund, excluding short-term investments, represented as a percentage of the total net assets of the Fund.
TOP TEN HOLDINGS
| Merit Medical Systems, Inc. | 2.9% |
| CyberArk Software Ltd. | 2.7% |
| East West Bancorp, Inc. | 2.4% |
| Burlington Stores, Inc. | 2.4% |
| BJ's Wholesale Club Holdings, Inc. | 2.2% |
| Jack Henry & Associates, Inc. | 2.2% |
| Hanover Insurance Group (The), Inc. | 2.1% |
| Paylocity Holding Corp. | 2.1% |
| MYR Group, Inc. | 2.1% |
| Lincoln Electric Holdings, Inc. | 2.1% |
SECTOR ALLOCATION
GEOGRAPHICAL ALLOCATION
TOP TEN HOLDINGS
| Merit Medical Systems, Inc. | 2.9% |
| CyberArk Software Ltd. | 2.7% |
| East West Bancorp, Inc. | 2.4% |
| Burlington Stores, Inc. | 2.4% |
| BJ's Wholesale Club Holdings, Inc. | 2.2% |
| Jack Henry & Associates, Inc. | 2.2% |
| Hanover Insurance Group (The), Inc. | 2.1% |
| Paylocity Holding Corp. | 2.1% |
| MYR Group, Inc. | 2.1% |
| Lincoln Electric Holdings, Inc. | 2.1% |
Material Fund Changes
Effective February 1, 2025, the Trillium ESG Small/Mid Cap Fund modified its investment objective as follows:
The Trillium ESG Small/Mid Cap Fund seeks long-term capital appreciation by investing in companies that meet Trillium Asset Management, LLC's (“Trillium”) environmental, social, and governance (“ESG”) criteria.
The above modification of the investment objective was made to clarify the role of Trillium's ESG criteria in the stock selection process and was not in connection with any change in Trillium's investment process with respect to the Fund.
This is a summary of certain changes to the Fund since September 30, 2024. For more complete information, you may review the Fund's prospectus dated February 1, 2025, at connect.rightprospectus.com/Trillium/ or upon request at 866-260-9549 (toll free) or 312-557-5913.
Effective February 1, 2025, the Trillium ESG Small/Mid Cap Fund modified its investment objective as follows:
The Trillium ESG Small/Mid Cap Fund seeks long-term capital appreciation by investing in companies that meet Trillium Asset Management, LLC's (“Trillium”) environmental, social, and governance (“ESG”) criteria.
The above modification of the investment objective was made to clarify the role of Trillium's ESG criteria in the stock selection process and was not in connection with any change in Trillium's investment process with respect to the Fund.
This is a summary of certain changes to the Fund since September 30, 2024. For more complete information, you may review the Fund's prospectus dated February 1, 2025, at connect.rightprospectus.com/Trillium/ or upon request at 866-260-9549 (toll free) or 312-557-5913.