PORTFOLIO OF INVESTMENTS – as of March 31, 2023 (Unaudited)

Natixis Vaughan Nelson Select ETF

Shares		Description	Value (†)
	Common Stocks – 96.2% of Net Assets
		Biotechnology – 3.3%
	2,205	Vertex Pharmaceuticals, Inc.(a)	$	694,729
		Broadline Retail – 3.8%
	7,841	Amazon.com, Inc.(a)		809,897
		Capital Markets – 4.5%
	9,029	Intercontinental Exchange, Inc.		941,634
		Chemicals – 4.5%
	4,246	Sherwin-Williams Co.		954,373
		Communications Equipment – 4.5%
	3,304	Motorola Solutions, Inc.		945,374
		Consumer Staples Distribution & Retail – 4.1%
	4,168	Dollar General Corp.		877,197
		Diversified Telecommunication Services – 2.9%
	9,727	Cogent Communications Holdings, Inc.		619,804
		Electric Utilities – 4.8%
	13,262	NextEra Energy, Inc.		1,022,235
		Financial Services – 2.4%
	1,646	Berkshire Hathaway, Inc., Class B(a)		508,235
		Food Products – 4.0%
	10,269	McCormick & Co., Inc.		854,484
		Ground Transportation – 4.8%
	1,418	Saia, Inc.(a)		385,809
	3,110	Union Pacific Corp.		625,919
				1,011,728
		Health Care Providers & Services – 2.2%
	855	Chemed Corp.		459,776
		Household Products – 4.5%
	6,081	Clorox Co.		962,258
		Industrial REITs – 2.2%
	3,653	Prologis, Inc.		455,785
		Insurance – 3.3%
	2,205	Aon PLC, Class A		695,215
		Interactive Media & Services – 3.2%
	6,468	Alphabet, Inc., Class A(a)		670,926
		IT Services – 2.2%
	2,225	VeriSign, Inc.(a)		470,209

Shares		Description	Value (†)
	Common Stocks – continued
		Life Sciences Tools & Services – 4.3%
	3,575	Danaher Corp.	$	901,043
		Metals & Mining – 6.1%
	26,604	Wheaton Precious Metals Corp.		1,281,249
		Oil, Gas & Consumable Fuels – 2.8%
	78,770	Kosmos Energy Ltd.(a)		586,049
		Pharmaceuticals – 3.0%
	4,091	Johnson & Johnson		634,105
		Professional Services – 2.0%
	2,200	Verisk Analytics, Inc.		422,092
		Semiconductors & Semiconductor Equipment – 6.2%
	4,198	Entegris, Inc.		344,278
	738	Monolithic Power Systems, Inc.		369,398
	2,157	NVIDIA Corp.		599,150
				1,312,826
		Software – 10.6%
	4,294	Microsoft Corp.		1,237,960
	4,985	Salesforce, Inc.(a)		995,904
				2,233,864
		Total Common Stocks (Identified Cost $19,371,258)		20,325,087
Principal Amount
	Short-Term Investments – 3.0%
$	625,377	Tri-Party Repurchase Agreement with Fixed Income Clearing Corporation, dated 3/31/2023 at 2.100% to be repurchased at $625,487 on 4/03/2023 collateralized by $654,400 U.S. Treasury Note, 2.875% due 6/15/2025 valued at $637,963 including accrued interest(b) (Identified Cost $625,377)		625,377
		Total Investments – 99.2% (Identified Cost $19,996,635)		20,950,464
		Other assets less liabilities – 0.8%		178,778
		Net Assets – 100.0%	$	21,129,242

(†) Registered investment companies are required to value portfolio investments using an unadjusted, readily available market quotation. The Fund obtains readily available market quotations from independent pricing services. Fund investments for which readily available market quotations are not available are priced at fair value pursuant to the Fund’s Valuation Procedures. The Board of Trustees has approved a valuation designee who is subject to the Board’s oversight.

Unadjusted readily available market quotations that are utilized for exchange traded equity securities (including shares of closed-end investment companies and exchange-traded funds) include the last sale price quoted on the exchange where the security is traded most extensively. Shares of open-end investment companies are valued at net asset value per share.

Exchange traded equity securities for which there is no reported sale during the day are fair valued at the closing bid quotation as reported by an independent pricing service. Unlisted equity securities (except unlisted preferred equity securities) are fair valued at the last sale price quoted in the market where they are traded most extensively or, if there is no reported sale during the day, the closing bid quotation as reported by an independent pricing service. If there is no last sale price or closing bid quotation available, unlisted equity securities will be fair valued using evaluated bids furnished by an independent pricing service, if available.

Debt securities and unlisted preferred equity securities are fair valued based on evaluated bids furnished to the Fund by an independent pricing service or bid prices obtained from broker-dealers. Broker-dealer bid prices may be used to fair value debt and unlisted equities where an independent pricing service is unable to price an investment or where an independent pricing service does not provide a reliable price for the investment.

The Fund may also fair value investments in other circumstances such as when extraordinary events occur after the close of a foreign market, but prior to the close of the New York Stock Exchange. This may include situations relating to a single issuer (such as a declaration of bankruptcy or a delisting of the issuer’s security from the primary market on which it has traded) as well as events affecting the securities markets in general (such as market disruptions or closings and significant fluctuations in U.S. and/or foreign markets). When fair valuing a Fund’s investments, the valuation designee may, among other things, use modeling tools or other processes that may take into account factors such as issuer specific information, or other related market activity and/or information that occurred after the close of the foreign market but before the time the Fund’s net asset value (“NAV”) is calculated. Fair valuation by the Fund’s valuation designee may require subjective determinations about the value of the investment, and fair values used to determine a Fund’s NAV may differ from quoted or published prices, or from prices that are used by others, for the same investments. In addition, the use of fair value pricing may not always result in adjustments to the prices of investments held by a Fund.

The books and records of the Fund are maintained in U.S. dollars. The values of securities, currencies and other assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S. dollars based upon foreign exchange rates prevailing at the end of the period.

(a) Non-income producing security.

(b) The Fund may enter into repurchase agreements, under the terms of a Master Repurchase Agreement, under which the Fund acquires securities as collateral and agrees to resell the securities at an agreed upon time and at an agreed upon price. It is the Fund’s policy that the market value of the collateral for repurchase agreements be at least equal to 102% of the repurchase price, including interest. Certain repurchase agreements are tri-party arrangements whereby the collateral is held in a segregated account for the benefit of the Fund and on behalf of the counterparty. Repurchase agreements could involve certain risks in the event of default or insolvency of the counterparty, including possible delays or restrictions upon the Fund’s ability to dispose of the underlying securities. As of March 31, 2023, the Fund had an investment in a repurchase agreement for which the value of the related collateral exceeded the value of the repurchase agreement.

REITs Real Estate Investment Trusts

Fair Value Measurements

In accordance with accounting standards related to fair value measurements and disclosures, the Fund has categorized the inputs utilized in determining the value of the Fund’s assets or liabilities. These inputs are summarized in the three broad levels listed below:

• Level 1 — quoted prices in active markets for identical assets or liabilities;

• Level 2 — prices determined using other significant inputs that are observable either directly, or indirectly through corroboration with observable market data (which could include quoted prices for similar assets or liabilities, interest rates, credit risk, etc.); and

• Level 3 — prices determined using significant unobservable inputs when quoted prices or observable inputs are unavailable such as when there is little or no market activity for an asset or liability (unobservable inputs reflect the Fund’s own assumptions in determining the fair value of assets or liabilities and would be based on the best information available).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The Fund’s pricing policies have been approved by the Board of Trustees. Investments for which market quotations are readily available are categorized in Level 1. Other investments for which an independent pricing service is utilized are categorized in Level 2. Broker-dealer bid prices for which the Fund has knowledge of the inputs used by the broker-dealer are categorized in Level 2. All other investments, including broker-dealer bid prices for which the Fund does not have knowledge of the inputs used by the broker-dealer, as well as investments fair valued by the valuation designee, are categorized in Level 3. All Level 2 and 3 securities are defined as being fair valued.

Under certain conditions and based upon specific facts and circumstances, the Fund’s valuation designee may determine that a fair valuation should be made for portfolio investment(s). These valuation designee fair valuations will be based upon a significant amount of Level 3 inputs.

The following is a summary of the inputs used to value the Fund’s investments as of March 31, 2023, at value:

Asset Valuation Inputs

Description	Level 1		Level 2		Level 3		Total
Common Stocks*	$	20,325,087	$	—	$	—	$	20,325,087
Short-Term Investments		—		625,377		—		625,377
Total	$	20,325,087	$	625,377	$	—	$	20,950,464

* Details of the major categories of the Fund’s investments are reflected within the Portfolio of Investments.

Industry Summary at March 31, 2023 (Unaudited)

Software	10.6	%
Semiconductors & Semiconductor Equipment	6.2
Metals & Mining	6.1
Electric Utilities	4.8
Ground Transportation	4.8
Household Products	4.5
Chemicals	4.5
Communications Equipment	4.5
Capital Markets	4.5
Life Sciences Tools & Services	4.3
Consumer Staples Distribution & Retail	4.1
Food Products	4.0
Broadline Retail	3.8
Insurance	3.3
Biotechnology	3.3
Interactive Media & Services	3.2
Pharmaceuticals	3.0
Diversified Telecommunication Services	2.9
Oil, Gas & Consumable Fuels	2.8
Financial Services	2.4
IT Services	2.2
Health Care Providers & Services	2.2
Industrial REITs	2.2
Professional Services	2.0
Short-Term Investments	3.0
Total Investments	99.2
Other assets less liabilities	0.8
Net Assets	100.0	%