TRILLIUM MUTUAL FUNDS
TRILLIUM ESG GLOBAL EQUITY FUND
SCHEDULE OF INVESTMENTS
June 30, 2026 (Unaudited)
 
Percentage
of Net
Assets
Shares
Value
COMMON STOCKS
98.7
%
Apparel & Textile Products
0.9
%
LVMH Moet Hennessy Louis Vuitton S.E.
12,731
$7,041,932
Asset Management
1.1
%
Ares Management Corp. - Class A
35,434
3,944,159
LPL Financial Holdings, Inc.
13,961
3,932,534
 
7,876,693
Automotive
0.9
%
BYD Co. Ltd. - Class H
412,266
3,808,395
Toyota Motor Corp.
165,955
2,781,312
 
6,589,707
Banking
7.4
%
Bank of America Corp.
129,903
7,401,873
Credicorp Ltd.
15,343
5,977,326
DNB Bank ASA
225,195
6,704,548
Grupo Financiero Banorte S.A.B. de C.V., Series O
442,126
4,666,373
HDFC Bank Ltd. - ADR
255,853
6,608,683
KBC Group N.V.
63,499
8,655,687
PNC Financial Services Group (The), Inc.
41,954
10,329,914
Sumitomo Mitsui Trust Group, Inc.
143,227
5,335,502
 
55,679,906
Biotechnology & Pharmaceuticals
6.0
%
AstraZeneca PLC
55,562
10,391,731
Gilead Sciences, Inc.
51,738
6,536,579
Merck & Co., Inc.
66,691
8,569,794
Roche Holding A.G.
20,611
8,489,283
Vertex Pharmaceuticals, Inc.(a)
22,965
11,407,404
 
45,394,791
Chemicals
2.2
%
Ecolab, Inc.
28,314
7,888,564
Linde PLC
16,708
8,670,449
 
16,559,013
Commercial Support Services
0.8
%
Compass Group PLC
175,964
5,683,637
Construction Materials
0.6
%
Sika A.G. - REG
21,239
4,383,172
Diversified Industrials
1.5
%
Siemens A.G. - REG
33,747
10,840,954
E-Commerce Discretionary
1.0
%
MercadoLibre, Inc.(a)
4,411
7,487,187
Electric Utilities
0.6
%
Terna - Rete Elettrica Nazionale
365,536
4,276,853
Electrical Equipment
4.2
%
Assa Abloy AB - Class B
159,174
5,620,793
Prysmian S.p.A.
65,696
10,963,134
1


TRILLIUM MUTUAL FUNDS
TRILLIUM ESG GLOBAL EQUITY FUND
SCHEDULE OF INVESTMENTS
June 30, 2026 (Unaudited)
 
Percentage
of Net
Assets
Shares
Value
Schneider Electric S.E.
19,183
$6,255,539
Trane Technologies PLC
17,684
8,685,673
 
31,525,139
Engineering & Construction
0.9
%
Quanta Services, Inc.
9,573
6,892,943
Entertainment Content
0.8
%
Netflix, Inc.(a)
86,141
6,150,467
Food
0.8
%
Kerry Group PLC - Class A
68,233
6,264,329
Gas & Water Utilities
1.0
%
American Water Works Co., Inc.
55,309
7,277,558
Health Care Facilities & Services
1.0
%
Elevance Health, Inc.
20,225
7,821,614
Household Products
3.6
%
Haleon PLC
1,430,569
6,597,880
L'Oreal S.A.
20,188
8,849,581
Unilever PLC
192,826
11,600,006
 
27,047,467
Industrial Support Services
1.0
%
United Rentals, Inc.
6,837
7,745,569
Institutional Financial Services
2.5
%
Bank of New York Mellon (The) Corp.
81,137
11,733,222
Intercontinental Exchange, Inc.
59,068
7,271,861
 
19,005,083
Insurance
3.3
%
AIA Group Ltd.
542,234
4,939,865
Allianz S.E. - REG
21,292
10,074,324
Aviva PLC
351,570
3,032,143
Travelers (The) Cos., Inc.
20,959
6,918,985
 
24,965,317
Internet Media & Services
7.3
%
Alphabet, Inc. - Class A
138,050
49,334,929
Spotify Technology S.A.(a)
12,763
5,859,876
 
55,194,805
Leisure Facilities & Services
3.0
%
Chipotle Mexican Grill, Inc.(a)
122,648
4,170,032
Indian Hotels (The) Co. Ltd.
773,126
5,831,192
Marriott International, Inc. - Class A
21,883
8,109,621
Starbucks Corp.
44,964
4,594,871
 
22,705,716
Machinery
3.8
%
Atlas Copco AB - Class A
284,701
5,759,291
Daifuku Co. Ltd.
205,234
8,993,464
2


TRILLIUM MUTUAL FUNDS
TRILLIUM ESG GLOBAL EQUITY FUND
SCHEDULE OF INVESTMENTS
June 30, 2026 (Unaudited)
 
Percentage
of Net
Assets
Shares
Value
Deere & Co.
11,819
$7,497,146
Kurita Water Industries Ltd.
112,571
6,335,602
 
28,585,503
Medical Equipment & Devices
1.7
%
Alcon A.G.
66,117
4,467,807
Hoya Corp.
25,010
3,991,571
Stryker Corp.
12,553
3,952,187
 
12,411,565
Real Estate Investment Trusts
1.5
%
American Tower Corp.
21,799
3,565,662
Prologis, Inc.
58,757
7,959,811
 
11,525,473
Real Estate Services
0.8
%
Jones Lang LaSalle, Inc.(a)
19,331
5,991,644
Renewable Energy
0.8
%
First Solar, Inc.(a)
26,703
6,300,840
Retail - Consumer Staples
1.0
%
Costco Wholesale Corp.
3,258
3,047,761
Target Corp.
35,209
4,598,648
 
7,646,409
Retail - Discretionary
3.8
%
Ferguson Enterprises, Inc.
28,336
6,742,981
Home Depot (The), Inc.
15,373
5,421,750
Industria de Diseno Textil S.A.
99,930
6,293,603
Lululemon Athletica, Inc.(a)
18,384
2,099,085
TJX (The) Cos., Inc.
55,065
8,342,347
 
28,899,766
Semiconductors
15.2
%
Applied Materials, Inc.
27,692
20,021,316
ASML Holding N.V.
7,778
15,298,328
Infineon Technologies A.G.
206,915
19,308,510
NVIDIA Corp.
210,549
42,128,749
Taiwan Semiconductor Manufacturing Co. Ltd. - ADR
36,810
17,579,352
 
114,336,255
Software
9.3
%
Cadence Design Systems, Inc.(a)
25,151
9,439,673
Intuit, Inc.
11,656
3,042,216
Microsoft Corp.
78,255
29,190,680
Palo Alto Networks, Inc.(a)
43,030
14,674,091
ServiceNow, Inc.(a)
70,361
6,985,440
Shopify, Inc. - Class A(a)
58,591
6,689,921
 
70,022,021
Specialty Finance
2.1
%
Visa, Inc. - Class A
45,582
15,638,728
3


TRILLIUM MUTUAL FUNDS
TRILLIUM ESG GLOBAL EQUITY FUND
SCHEDULE OF INVESTMENTS
June 30, 2026 (Unaudited)
 
Percentage
of Net
Assets
Shares
Value
Technology Hardware
4.8
%
Apple, Inc.
88,056
$25,479,884
Cisco Systems, Inc.
61,717
7,249,279
Nintendo Co. Ltd.
81,419
3,412,593
 
36,141,756
Transportation & Logistics
1.5
%
International Container Terminal Services, Inc.
377,127
5,469,171
Union Pacific Corp.
19,959
5,428,848
 
10,898,019
TOTAL COMMON STOCKS (Cost $479,897,214)
742,807,831
SHORT-TERM INVESTMENTS
1.0
%
Northern Institutional Funds Treasury Portfolio (Premier Class), 3.51%(b)
7,190,738
7,190,738
TOTAL SHORT-TERM INVESTMENTS (Cost $7,190,738)
7,190,738
TOTAL INVESTMENTS
(Cost $487,087,952)
99.7
%
749,998,569
NET OTHER ASSETS (LIABILITIES)
0.3
%
2,515,436
NET ASSETS
100.0
%
$752,514,005
(a)Non-income producing security.
(b)7-day current yield as of June 30, 2026 is disclosed.
Abbreviations:
ADR – American Depositary Receipt
REG – Registered
At June 30, 2026 the Fund’s investments were concentrated in the following countries:
Country Allocation
Percentage
of Net Assets
United States
60.1%
Germany
5.4
United Kingdom
5.0
Japan
4.1
Ireland
3.2
France
2.9
Taiwan
2.3
Switzerland
2.3
Italy
2.1
Netherlands
2.0
All other countries less than 2%
10.3
Total
99.7%
4


TRILLIUM MUTUAL FUNDS
TRILLIUM ESG SMALL/MID CAP FUND
SCHEDULE OF INVESTMENTS
June 30, 2026 (Unaudited)
 
Percentage
of Net
Assets
Shares
Value
COMMON STOCKS
99.0
%
Aerospace & Defense
1.8
%
Hexcel Corp.
6,105
$610,866
Apparel & Textile Products
1.4
%
Deckers Outdoor Corp.(a)
4,921
488,606
Asset Management
3.3
%
LPL Financial Holdings, Inc.
1,307
368,156
StepStone Group, Inc. - Class A
8,795
363,761
Stifel Financial Corp.
5,373
374,874
 
1,106,791
Banking
7.6
%
East West Bancorp, Inc.
8,531
1,101,267
Fifth Third Bancorp
5,932
334,387
KeyCorp
14,007
322,861
QCR Holdings, Inc.
4,479
436,031
Valley National Bancorp
24,291
355,863
 
2,550,409
Chemicals
4.7
%
Avery Dennison Corp.
1,591
258,299
Ingevity Corp.(a)
7,700
574,959
Rogers Corp.(a)
2,338
382,801
Sensient Technologies Corp.
2,907
358,404
 
1,574,463
Construction Materials
1.0
%
Trex Co., Inc.(a)
6,477
324,109
Consumer Services
0.9
%
Bright Horizons Family Solutions, Inc.(a)
4,332
307,052
Containers & Packaging
1.0
%
AptarGroup, Inc.
2,730
341,796
E-Commerce Discretionary
1.1
%
Etsy, Inc.(a)
5,103
384,409
Electric Utilities
1.8
%
CMS Energy Corp.
4,376
334,764
Ormat Technologies, Inc.
2,411
262,558
 
597,322
Electrical Equipment
7.1
%
Allegion PLC
2,991
420,205
Badger Meter, Inc.
2,121
314,714
nVent Electric PLC
3,880
658,087
SPX Technologies, Inc.(a)
1,871
458,713
Trimble, Inc.(a)
10,171
520,552
 
2,372,271
5


TRILLIUM MUTUAL FUNDS
TRILLIUM ESG SMALL/MID CAP FUND
SCHEDULE OF INVESTMENTS
June 30, 2026 (Unaudited)
 
Percentage
of Net
Assets
Shares
Value
Engineering & Construction
4.4
%
MYR Group, Inc.(a)
2,014
$1,007,805
Tetra Tech, Inc.
16,039
463,367
 
1,471,172
Food
1.0
%
McCormick & Co., Inc. (Non Voting)
6,674
336,503
Health Care Facilities & Services
3.0
%
Encompass Health Corp.
6,183
624,978
Quest Diagnostics, Inc.
1,871
396,558
 
1,021,536
Household Products
0.6
%
elf Beauty, Inc.(a)
2,961
219,114
Industrial Intermediate Products
2.1
%
Valmont Industries, Inc.
1,228
709,293
Insurance
3.4
%
Hanover Insurance Group (The), Inc.
2,593
555,213
Palomar Holdings, Inc.(a)
2,833
358,063
Reinsurance Group of America, Inc.
1,159
246,461
 
1,159,737
Leisure Facilities & Services
4.4
%
Cava Group, Inc.(a)
3,364
264,007
Domino's Pizza, Inc.
1,233
365,017
InterContinental Hotels Group PLC - ADR
3,349
579,779
Liberty Media Corp.-Liberty Formula One - Class C(a)
2,892
275,145
 
1,483,948
Machinery
4.1
%
Lincoln Electric Holdings, Inc.
2,996
795,468
MSA Safety, Inc.
3,393
592,350
 
1,387,818
Medical Equipment & Devices
6.3
%
IRhythm Holdings, Inc.(a)
1,551
184,492
Merit Medical Systems, Inc.(a)
7,318
507,430
Omnicell, Inc.(a)
9,665
401,291
Penumbra, Inc.(a)
1,444
455,943
TransMedics Group, Inc.(a)
3,457
229,614
Waters Corp.(a)
880
330,035
 
2,108,805
Publishing & Broadcasting
2.2
%
New York Times (The) Co. - Class A
10,402
727,932
Real Estate Investment Trusts
4.6
%
Camden Property Trust
1,960
224,401
CubeSmart
6,164
245,142
EastGroup Properties, Inc.
2,313
468,452
6


TRILLIUM MUTUAL FUNDS
TRILLIUM ESG SMALL/MID CAP FUND
SCHEDULE OF INVESTMENTS
June 30, 2026 (Unaudited)
 
Percentage
of Net
Assets
Shares
Value
Federal Realty Investment Trust
2,643
$326,252
Lamar Advertising Co. - Class A
1,788
278,892
 
1,543,139
Real Estate Services
1.3
%
Jones Lang LaSalle, Inc.(a)
1,415
438,579
Renewable Energy
2.7
%
First Solar, Inc.(a)
2,259
533,033
Nextpower, Inc. - Class A (a)
3,276
390,303
 
923,336
Retail - Consumer Staples
1.3
%
BJ's Wholesale Club Holdings, Inc.(a)
4,887
426,244
Retail - Discretionary
3.9
%
Burlington Stores, Inc.(a)
2,136
676,685
Freshpet, Inc.(a)
3,192
188,711
Ulta Beauty, Inc.(a)
972
438,353
 
1,303,749
Semiconductors
8.4
%
Allegro MicroSystems, Inc.(a)
11,625
809,333
Entegris, Inc.
2,121
381,483
IPG Photonics Corp.(a)
2,750
322,630
MKS, Inc.
928
412,774
SiTime Corp.(a)
1,213
904,364
 
2,830,584
Software
6.4
%
Dynatrace, Inc.(a)
11,679
512,825
Okta, Inc.(a)
3,792
517,419
Palo Alto Networks, Inc.(a)
1,940
661,579
PTC, Inc.(a)
1,469
166,893
Varonis Systems, Inc.(a)
6,792
284,992
 
2,143,708
Specialty Finance
3.2
%
Ally Financial, Inc.
8,673
398,524
Jack Henry & Associates, Inc.
2,382
328,097
Verisk Analytics, Inc.
1,930
346,493
 
1,073,114
Transportation & Logistics
2.6
%
JB Hunt Transport Services, Inc.
3,030
876,973
Transportation Equipment
1.4
%
Westinghouse Air Brake Technologies Corp.
1,724
464,790
TOTAL COMMON STOCKS (Cost $26,555,206)
33,308,168
7


TRILLIUM MUTUAL FUNDS
TRILLIUM ESG SMALL/MID CAP FUND
SCHEDULE OF INVESTMENTS
June 30, 2026 (Unaudited)
 
Percentage
of Net
Assets
Shares
Value
SHORT-TERM INVESTMENTS
0.8
%
Northern Institutional Treasury Portfolio (Premier Class),(b)
268,195
$268,195
TOTAL SHORT-TERM INVESTMENTS (Cost $268,195)
268,195
TOTAL INVESTMENTS
(Cost $26,823,401)
99.8
%
33,576,363
NET OTHER ASSETS (LIABILITIES)
0.2
%
55,833
NET ASSETS
100.0
%
$33,632,196
(a)Non-income producing security.
(b)7-day current yield as of June 30, 2026 is disclosed.
Abbreviations:
ADR – American Depositary Receipt
At June 30, 2026 the industry sectors (excluding short-term investments) for the Trillium ESG Small/Mid Cap Fund were:
Sector Allocation
% of Net Assets
Industrials
24.2%
Information Technology
19.9
Financials
16.5
Consumer Discretionary
10.3
Health Care
9.3
Real Estate
5.9
Materials
4.6
Consumer Staples
3.5
Communication Services
3.0
Utilities
1.8
Total
99.0%
8