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

Mirova Global Green Bond Fund

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – 91.2% of Net Assets
		Canada – 0.1%
	50,000	Province of Quebec, 2.600%, 7/06/2025, (CAD)	$	36,028
		Chile – 2.0%
	500,000	Chile Government International Bonds, 1.250%, 1/29/2040, (EUR)		361,063
	500,000	Chile Government International Bonds, 3.500%, 1/25/2050		373,392
				734,455
		Denmark – 3.1%
	500,000	Orsted AS, 1.500%, 11/26/2029, (EUR)		477,638
	200,000	Orsted AS, (fixed rate to 9/09/2027, variable rate thereafter), 1.750%, 12/09/3019, (EUR)		183,595
	500,000	Vestas Wind Systems Finance BV, EMTN, 1.500%, 6/15/2029, (EUR)		471,227
				1,132,460
		Finland – 0.5%
	200,000	VR-Yhtyma OYJ, 2.375%, 5/30/2029, (EUR)		198,044
		France – 9.8%
	400,000	Altarea SCA, 1.750%, 1/16/2030, (EUR)		300,505
	400,000	Cie de Saint-Gobain, EMTN, 2.125%, 6/10/2028, (EUR)		401,291
	400,000	Covivio SA, 1.125%, 9/17/2031, (EUR)		324,298
	400,000	Credit Mutuel Arkea SA, EMTN, 4.250%, 12/01/2032, (EUR)		432,042
	200,000	Derichebourg SA, 2.250%, 7/15/2028, (EUR)		188,052
	200,000	Faurecia SE, 2.375%, 6/15/2029, (EUR)		175,874
	100,000	Getlink SE, 3.500%, 10/30/2025, (EUR)		104,991
	600,000	ICADE, 1.500%, 9/13/2027, (EUR)		578,533
	400,000	PSA Banque France SA, EMTN, 3.875%, 1/19/2026, (EUR)		432,167
	300,000	Seche Environnement SA, 2.250%, 11/15/2028, (EUR)		276,566
	600,000	Societe du Grand Paris EPIC, EMTN, 1.700%, 5/25/2050, (EUR)		435,347
				3,649,666
		Germany – 3.7%
	2,000,000	Bundesrepublik Deutschland Bundesanleihe, Series G, 1.719%-2.111%, 8/15/2050, (EUR)(a)		1,171,221

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
		Germany – continued
	200,000	EnBW Energie Baden-Wuerttemberg AG, (fixed rate to 3/30/2026, variable rate thereafter), 1.875%, 6/29/2080, (EUR)	$	190,872
				1,362,093
		Hungary – 1.0%
	500,000	Hungary Government International Bonds, 1.750%, 6/05/2035, (EUR)		369,760
		Indonesia – 1.3%
	500,000	Perusahaan Penerbit SBSN Indonesia III, 3.900%, 8/20/2024		495,250
		Ireland – 0.7%
	300,000	ESB Finance DAC, EMTN, 1.000%, 7/19/2034, (EUR)		247,725
		Italy – 6.8%
	400,000	A2A SpA, EMTN, 1.000%, 7/16/2029, (EUR)		359,320
	600,000	Assicurazioni Generali SpA, EMTN, 2.124%, 10/01/2030, (EUR)		525,393
	400,000	Cassa Depositi e Prestiti SpA, 3.875%, 2/13/2029, (EUR)		429,722
	300,000	ERG SpA, EMTN, 0.500%, 9/11/2027, (EUR)		280,345
	400,000	Hera SpA, EMTN, 2.500%, 5/25/2029, (EUR)		396,812
	800,000	Italy Buoni Poliennali Del Tesoro, 1.500%, 4/30/2045, 144A, (EUR)		524,259
				2,515,851
		Japan – 2.3%
	500,000	Denso Corp., 1.239%, 9/16/2026		444,793
	400,000	Mizuho Financial Group, Inc., EMTN, 3.490%, 9/05/2027, (EUR)		425,124
				869,917
		Korea – 2.9%
	400,000	Kookmin Bank, GMTN, 4.500%, 2/01/2029		380,322
	300,000	Korea International Bonds, Zero Coupon, 0.000%, 10/15/2026, (EUR)(b)		288,032
	400,000	Korea Water Resources Corp., EMTN, 3.875%, 5/15/2023		399,520
				1,067,874
		Lithuania – 2.3%
	500,000	Ignitis Grupe AB, EMTN, 1.875%, 7/10/2028, (EUR)		467,772

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
		Lithuania – continued
	400,000	Ignitis Grupe AB, EMTN, 2.000%, 7/14/2027, (EUR)	$	392,472
				860,244
		Mexico – 2.1%
	800,000	Mexico Government International Bonds, 1.350%, 9/18/2027, (EUR)		780,840
		Netherlands – 7.7%
	200,000	ABB Finance BV, EMTN, 0.282%, 1/19/2030, (EUR)(b)		172,554
	300,000	Alliander NV, EMTN, 2.625%, 9/09/2027, (EUR)		316,392
	400,000	CTP NV, EMTN, 2.125%, 10/01/2025, (EUR)		386,123
	400,000	de Volksbank NV, EMTN, 0.375%, 3/03/2028, (EUR)		358,078
	600,000	de Volksbank NV, EMTN, (fixed rate to 10/22/2025, variable rate thereafter), 1.750%, 10/22/2030, (EUR)		592,332
	500,000	Koninklijke Philips NV, EMTN, 2.125%, 11/05/2029, (EUR)		487,433
	300,000	Stedin Holding NV, EMTN, 2.375%, 6/03/2030, (EUR)		302,224
	150,000	TenneT Holding BV, EMTN, 1.250%, 10/24/2033, (EUR)		132,912
	100,000	TenneT Holding BV, EMTN, 1.875%, 6/13/2036, (EUR)		90,664
				2,838,712
		Norway – 0.9%
	300,000	Statkraft AS, EMTN, 2.875%, 9/13/2029, (EUR)		317,639
		Portugal – 2.1%
	400,000	EDP Finance BV, EMTN, 3.875%, 3/11/2030, (EUR)		433,643
	400,000	Ren Finance BV, EMTN, 0.500%, 4/16/2029, (EUR)		364,510
				798,153
		Singapore – 1.3%
	500,000	Vena Energy Capital Pte. Ltd., EMTN, 3.133%, 2/26/2025		468,325
		Spain – 9.4%
	400,000	Banco Bilbao Vizcaya Argentaria SA, 1.000%, 6/21/2026, (EUR)		398,358
	300,000	Banco Bilbao Vizcaya Argentaria SA, GMTN, 4.375%, 10/14/2029, (EUR)		332,923
	500,000	Bankinter SA, 0.625%, 10/06/2027, (EUR)		463,901
	400,000	Iberdrola Finanzas SA, EMTN, 1.375%, 3/11/2032, (EUR)		371,709

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
		Spain – continued
	500,000	Iberdrola International BV, (fixed rate to 5/02/2023, variable rate thereafter), 1.875%, (EUR)(c)	$	536,963
	900,000	Spain Government Bonds, 1.000%, 7/30/2042, 144A, (EUR)		616,044
	500,000	Telefonica Emisiones SA, EMTN, 2.592%, 5/25/2031, (EUR)		499,113
	300,000	Telefonica Europe BV, (fixed rate to 2/05/2027, variable rate thereafter), 2.502%, (EUR)(c)		277,957
				3,496,968
		Supranationals – 6.4%
	2,500,000	European Investment Bank, 2.375%, 5/24/2027		2,371,675
		Sweden – 3.4%
	400,000	SKF AB, 3.125%, 9/14/2028, (EUR)		420,725
	500,000	Vattenfall AB, EMTN, 0.125%, 2/12/2029, (EUR)		451,825
	400,000	Volvo Car AB, EMTN, 2.500%, 10/07/2027, (EUR)		388,251
				1,260,801
		United Kingdom – 9.0%
	500,000	Anglian Water Services Financing PLC, EMTN, 1.625%, 8/10/2025, (GBP)		574,513
	500,000	SSE PLC, EMTN, 1.375%, 9/04/2027, (EUR)		499,575
	300,000	SSE PLC, EMTN, 2.875%, 8/01/2029, (EUR)		311,845
	400,000	Thames Water Utilities Finance PLC, 0.875%, 1/31/2028, (EUR)		374,307
	1,300,000	U.K. Gilts, 0.875%, 7/31/2033, (GBP)		1,236,039
	500,000	U.K. Gilts, 1.500%, 7/31/2053, (GBP)		360,328
				3,356,607
		United States – 12.4%
	600,000	Digital Dutch Finco BV, 1.500%, 3/15/2030, (EUR)		505,845
	600,000	Digital Euro Finco LLC, 2.500%, 1/16/2026, (EUR)		607,087
	300,000	Digital Intrepid Holding BV, 0.625%, 7/15/2031, (EUR)		223,584
	200,000	DTE Electric Co., 3.950%, 3/01/2049		168,251
	500,000	Equinix, Inc., 0.250%, 3/15/2027, (EUR)		467,295
	400,000	Ford Motor Co., 3.250%, 2/12/2032		314,383
	500,000	General Motors Co., 5.400%, 10/15/2029		495,444

Principal Amount (‡)		Description	Value (†)
	Bonds and Notes – continued
		United States – continued
	$           400,000	Southern Power Co., 4.150%, 12/01/2025	$	390,508
	200,000	Thermo Fisher Scientific, Inc., 4.100%, 8/15/2047		181,861
	700,000	Verizon Communications, Inc., 3.875%, 2/08/2029		676,325
	600,000	Wabtec Transportation Netherlands BV, 1.250%, 12/03/2027, (EUR)		568,061
				4,598,644
		Total Bonds and Notes (Identified Cost $38,643,255)		33,827,731
		Total Investments – 91.2% (Identified Cost $38,643,255)		33,827,731
		Other assets less liabilities – 8.8%		3,251,239
		Net Assets – 100.0%	$	37,078,970

(†) 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. Futures contracts are valued at the closing settlement price on the exchange on which the valuation designee believes that, over time, they are 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.

(‡) Principal Amount stated in U.S. dollars unless otherwise noted.

(a)	Interest rate represents annualized yield at time of purchase; not a coupon rate. The Fund’s investment in this security is comprised of various lots with differing annualized yields.
(b)	Interest rate represents annualized yield at time of purchase; not a coupon rate.
(c)	Perpetual bond with no specified maturity date.
144A	All or a portion of these securities are exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At March 31, 2023, the value of Rule 144A holdings amounted to $1,140,303 or 3.1% of net assets.
EMTN	Euro Medium Term Note
GMTN	Global Medium Term Note
CAD	Canadian Dollar
EUR	Euro
GBP	British Pound

Futures Contracts

The Fund may enter into futures contracts. Futures contracts are agreements between two parties to buy and sell a particular instrument or index for a specified price on a specified future date.

When the Fund enters into a futures contract, it is required to deposit with (or for the benefit of) its broker an amount of cash or short-term high-quality securities as “initial margin.” As the value of the contract changes, the value of the futures contract position increases or declines. Subsequent payments, known as “variation margin,” are made or received by the Fund, depending on the price fluctuations in the fair value of the contract and the value of cash or securities on deposit with the broker. Realized gain or loss on a futures position is equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed, minus brokerage commissions. When the Fund enters into a futures contract certain risks may arise, such as illiquidity in the futures market, which may limit the Fund’s ability to close out a futures contract prior to settlement date, and unanticipated movements in the value of securities or interest rates.

Futures contracts are exchange-traded. Exchange-traded futures contracts are standardized and are settled through a clearing house with fulfillment supported by the credit of the exchange. Therefore, counterparty credit risks to the Fund are reduced; however, in the event that a counterparty enters into bankruptcy, the Fund’s claim against initial/variation margin on deposit with the counterparty may be subject to terms of a final settlement in bankruptcy court.

At March 31, 2023, open long futures contracts were as follows:

Financial Futures	Expiration Date		Contracts		Notional Amount		Value		Unrealized Appreciation (Depreciation)
2 Year U.S. Treasury Note		6/30/2023		9	$	1,837,757	$	1,858,078	$	20,321
5 Year U.S. Treasury Note		6/30/2023		10		1,071,875		1,095,078		23,203
10 Year Canada Government Bond		6/21/2023		2		179,134		186,696		7,562
Euro-Buxl® 30 Year Bond		6/08/2023		7		1,125,630		1,069,339		(56,291	)
Total									$	(5,205	)

At March 31, 2023, open short futures contracts were as follows:

Financial and Currency Futures	Expiration Date		Contracts		Notional Amount		Value		Unrealized Appreciation (Depreciation)
British Pound		6/16/2023		23	$	1,738,856	$	1,776,031	$	(37,175	)
Canadian Dollar		6/20/2023		9		665,640		665,910		(270	)
Euro		6/16/2023		184		24,601,490		25,078,050		(476,560	)
German Euro BOBL		6/08/2023		9		1,124,019		1,150,568		(26,549	)
Total									$	(540,554	)

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
Bonds and Notes*	$	—	$	33,827,731	$	—	$	33,827,731
Futures Contracts (unrealized appreciation)		51,086		—		—		51,086
Total	$	51,086	$	33,827,731	$	—	$	33,878,817

Liability Valuation Inputs

Description	Level 1			Level 2		Level 3		Total
Futures Contracts (unrealized depreciation)	$	(596,845	)	$	—	$	—	$	(596,845	)

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

Derivatives

Derivative instruments are defined as financial instruments whose value and performance are based on the value and performance of an underlying asset, reference rate or index. Derivative instruments that the Fund used at period end include futures contracts.

The Fund seeks to provide total return, through a combination of capital appreciation and current income, by investing in green bonds. The Fund pursues its objective by primarily investing in fixed-income securities. In connection with its principal investment strategies, the Fund may also invest in various types of futures contracts for investment purposes. As of March 31, 2023, the Fund used U.S. and foreign government bond futures to gain yield curve exposure.

The Fund is subject to the risk that changes in interest rates will affect the value of the Fund’s investments in fixed-income securities. The Fund will be subject to increased interest rate risk to the extent that it invests in fixed-income securities with longer maturities or durations, as compared to investing in fixed-income securities with shorter maturities or durations. The Fund may use futures contracts to hedge against changes in interest rates and to manage duration without having to buy or sell portfolio securities. As of March 31, 2023, the Fund used U.S. and foreign government bond futures to manage duration.

The Fund is also subject to the risk that changes in foreign currency exchange rates will have an unfavorable effect on the value of Fund assets denominated in foreign currencies. The Fund may use futures contracts for hedging purposes to protect the value of the Fund’s holdings of foreign securities. As of March 31, 2023, the Fund used currency futures for hedging purposes.

The following is a summary of derivative instruments for the Fund, as of March 31, 2023:

Assets	Unrealized appreciation on futures contracts
Exchange-traded asset derivatives
Interest rate contracts	$	51,086

Liabilities	Unrealized depreciation on futures contracts
Exchange-traded liability derivatives
Interest rate contracts	$	(82,840	)
Foreign exchange contracts		(514,005	)
Total exchange-traded liability derivatives	$	(596,845	)

The Fund’s derivatives do not qualify for hedge accounting under authoritative guidance for derivative instruments. The Fund’s investments in derivatives may represent an economic hedge; however, they are considered to be non-hedge transactions for the purpose of this disclosure.

Counterparty risk is managed based on policies and procedures established by the Fund’s adviser. Such policies and procedures may include, but are not limited to, minimum counterparty credit rating requirements, monitoring of counterparty credit default swap spreads and posting of collateral. With exchange-traded derivatives, there is minimal counterparty credit risk to the Fund because the exchange’s clearing house, as counterparty to these instruments, stands between the buyer and the seller of the contract. Credit risk still exists in exchange-traded derivatives with respect to initial and variation margin that is held in a broker’s customer accounts. While brokers typically are required to segregate customer margin for exchange-traded derivatives from their own assets, in the event that a broker becomes insolvent or goes into bankruptcy and at that time there is a shortfall in the aggregate amount of margin held by the broker for all its customers, U.S. bankruptcy laws will typically allocate that shortfall on a pro rata basis across all of the broker’s customers, potentially resulting in losses to the Fund.

Industry Summary at March 31, 2023 (Unaudited)

Utility-Electric	17.8	%
Government National	16.5
Industrial	14.3
Financial	10.1
Special Purpose	9.3
Bank	9.1
Supra-National	6.4
Telephone	2.5
Government Agency	2.3
Government Regional	1.3
Utility-Gas	0.8
Transportation-Rail	0.5
Transportation-Non Rail	0.3
Total Investments	91.2
Other assets less liabilities (including futures contracts)	8.8
Net Assets	100.0	%

Currency Exposure Summary at March 31, 2023 (Unaudited)

Euro	65.9	%
United States Dollar	19.3
British Pound	5.9
Canadian Dollar	0.1
Total Investments	91.2
Other assets less liabilities (including futures contracts)	8.8
Net Assets	100.0	%