0001752724-23-265248.txt : 20231124 0001752724-23-265248.hdr.sgml : 20231124 20231124122125 ACCESSION NUMBER: 0001752724-23-265248 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230930 FILED AS OF DATE: 20231124 DATE AS OF CHANGE: 20231124 PERIOD START: 20231231 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BOSTON TRUST WALDEN FUNDS CENTRAL INDEX KEY: 0000882748 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-06526 FILM NUMBER: 231436053 BUSINESS ADDRESS: STREET 1: ONE BEACON STREET CITY: BOSTON STATE: MA ZIP: 02108 BUSINESS PHONE: 617-859-3437 MAIL ADDRESS: STREET 1: ONE BEACON STREET CITY: BOSTON STATE: MA ZIP: 02108 FORMER COMPANY: FORMER CONFORMED NAME: BOSTON TRUST & WALDEN FUNDS DATE OF NAME CHANGE: 20110801 FORMER COMPANY: FORMER CONFORMED NAME: COVENTRY GROUP DATE OF NAME CHANGE: 19920929 0000882748 S000009922 Boston Trust Equity Fund C000027440 Boston Trust Equity Fund BTEFX NPORT-P 1 primary_doc.xml NPORT-P false 0000882748 XXXXXXXX S000009922 C000027440 Boston Trust Walden Funds 811-06526 0000882748 254900RLCMWMYQ67RN94 One Beacon Street Boston 02108 614-470-8000 Boston Trust Equity Fund S000009922 2549000BEJLCFVU7SP62 2023-12-31 2023-09-30 N 207133613.86 148894.64 206984719.22 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 N AUTOMATIC DATA PROCESSING, INC. 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OZE6KXY9QQPR8EJ8WL20 DONALDSON CO INC 257651109 15000.00000000 NS USD 894600.00000000 0.432205818560 Long EC CORP US N 1 N N N CHEVRON CORPORATION N/A CHEVRON CORP 166764100 13000.00000000 NS USD 2192060.00000000 1.059044362434 Long EC CORP US N 1 N N N JPMorgan Trust II: JPMorgan US Government Money Market Fund; Capital Shares N/A JP MORGAN U S GOVERNMENT MONEY MARKET FUND 4812C0670 4277654.35000000 NS USD 4277654.35000000 2.066652246658 Long STIV RF US N 1 N N N Schlumberger N.V. 213800ZUA17OK3QLGM62 SCHLUMBERGER LTD 806857108 67500.00000000 NS USD 3935250.00000000 1.901227305488 Long EC CORP CW N 1 N N N ALPHABET INC. 5493006MHB84DD0ZWV18 ALPHABET INC CLASS C 02079K107 100000.00000000 NS USD 13185000.00000000 6.370035454639 Long EC CORP US N 1 N N N VISA INC. 549300JZ4OKEHW3DPJ59 VISA INC CLASS A SHARES 92826C839 28000.00000000 NS USD 6440280.00000000 3.111476066576 Long EC CORP US N 1 N N N 2023-10-30 Boston Trust Walden Funds Jennifer Ellis Jennifer Ellis Treasurer XXXX NPORT-EX 2 2257_0000882748.htm

 

   
Schedule of Portfolio Investments Boston Trust Asset Management Fund
September 30, 2023 (Unaudited)
   
   

 

Common Stocks (73.1%)

Security Description  Shares   Fair Value ($) 
Communication Services (7.6%)          
Alphabet, Inc., Class A (a)   40,000    5,234,400 
Alphabet, Inc., Class C (a)   220,000    29,007,000 
Comcast Corp., Class A   200,000    8,868,000 
         43,109,400 
Consumer Discretionary (4.7%)          
Lowe's Cos., Inc.   25,000    5,196,000 
NIKE, Inc., Class B   102,500    9,801,050 
O'Reilly Automotive, Inc. (a)   4,500    4,089,870 
Ross Stores, Inc.   15,000    1,694,250 
Starbucks Corp.   67,000    6,115,090 
         26,896,260 
Consumer Staples (6.9%)          
Church & Dwight Co., Inc.   50,000    4,581,500 
Costco Wholesale Corp.   30,000    16,948,800 
Diageo PLC, Sponsored ADR   25,000    3,729,500 
McCormick & Co., Inc.   40,000    3,025,600 
PepsiCo, Inc.   30,000    5,083,200 
Sysco Corp.   35,000    2,311,750 
The Procter & Gamble Co.   25,000    3,646,500 
         39,326,850 
Energy (4.3%)          
Chevron Corp.   20,000    3,372,400 
ConocoPhillips   45,000    5,391,000 
Exxon Mobil Corp.   110,000    12,933,800 
Schlumberger NV   45,000    2,623,500 
         24,320,700 
Financials (11.3%)          
American Express Co.   30,000    4,475,700 
Berkshire Hathaway, Inc., Class B (a)   22,500    7,881,750 
Chubb Ltd.   20,000    4,163,600 
Cincinnati Financial Corp.   60,000    6,137,400 
FactSet Research Systems, Inc.   13,720    5,999,207 
JPMorgan Chase & Co.   97,750    14,175,705 
Northern Trust Corp.   50,000    3,474,000 
T. Rowe Price Group, Inc.   45,000    4,719,150 
Visa, Inc., Class A   57,500    13,225,575 
         64,252,087 
Health Care (9.6%)          
Agilent Technologies, Inc.   20,000    2,236,400 
Becton Dickinson & Co.   35,000    9,048,550 
Edwards Lifesciences Corp. (a)   95,000    6,581,600 
Johnson & Johnson   56,500    8,799,875 
Merck & Co., Inc.   50,000    5,147,500 
Mettler-Toledo International, Inc. (a)   3,500    3,878,245 
Stryker Corp.   25,000    6,831,750 
UnitedHealth Group, Inc.   19,750    9,957,753 
Waters Corp. (a)   7,500    2,056,575 
         54,538,248 
Industrials (9.6%)          
Automatic Data Processing, Inc.   65,000    15,637,700 
Donaldson Co., Inc.   50,000    2,982,000 
Hubbell, Inc.   23,500    7,365,135 
Illinois Tool Works, Inc.   25,400    5,849,874 
Union Pacific Corp.   45,000    9,163,350 
United Parcel Service, Inc., Class B   54,000    8,416,980 
W.W. Grainger, Inc.   7,300    5,050,432 
         54,465,471 

Common Stocks (continued)

Security Description  Shares   Fair Value ($) 
Information Technology (16.8%)          
Accenture PLC, Class A   62,000    19,040,820 
Analog Devices, Inc.   23,000    4,027,070 
Apple, Inc.   167,000    28,592,070 
Cisco Systems, Inc.   65,000    3,494,400 
Microsoft Corp.   110,000    34,732,499 
Oracle Corp.   50,000    5,296,000 
         95,182,859 
Materials (2.0%)          
Air Products and Chemicals, Inc.   25,500    7,226,700 
AptarGroup, Inc.   32,500    4,063,800 
         11,290,500 
Utilities (0.3%)          
Eversource Energy   32,500    1,889,875 
         1,889,875 
TOTAL COMMON STOCKS (Cost $113,522,115)        415,272,250 

 

Corporate Bonds (4.1%)        
   Principal
Amount ($)
     
Communication Services (0.2%)          
Comcast Corp., 4.25%, 10/15/30, Callable 7/15/30 @ 100   900,000    829,872 
Verizon Communications, Inc., 4.02%, 12/3/29, Callable 9/3/29 @ 100   250,000    226,888 
         1,056,760 
Consumer Discretionary (0.5%)          
Lowe's Cos., Inc., 1.30%, 4/15/28, Callable 2/15/28 @ 100   750,000    625,636 
Lowe's Cos., Inc., 3.10%, 5/3/27, Callable 2/3/27 @ 100   750,000    691,225 
McDonald's Corp., 2.63%, 9/1/29, MTN, Callable 6/1/29 @ 100   500,000    432,081 
The Home Depot, Inc., 2.70%, 4/15/30, Callable 1/15/30 @ 100   1,000,000    854,904 
Toyota Motor Credit Corp., 3.65%, 1/8/29   350,000    325,019 
         2,928,865 
Consumer Staples (0.1%)          
The Estee Lauder Cos., Inc., 2.38%, 12/1/29, Callable 9/1/29 @ 100   750,000    631,747 
Financials (1.2%)          
Bank of America Corp., Series L, 4.18%, 11/25/27, Callable 11/25/26 @ 100   500,000    465,093 
Berkshire Hathaway, Inc., 3.13%, 3/15/26, Callable 12/15/25 @ 100   2,000,000    1,909,374 
Cincinnati Financial Corp., 6.92%, 5/15/28   500,000    525,635 
John Deere Capital Corp., 2.80%, 9/8/27, MTN   500,000    458,295 
JPMorgan Chase & Co., 3.90%, 7/15/25, Callable 4/15/25 @ 100   1,000,000    968,974 
JPMorgan Chase & Co., 4.01%, 4/23/29, Callable 4/23/28 @ 100   500,000    461,115 
Wells Fargo & Co., 3.55%, 9/29/25, MTN   2,000,000    1,912,544 
         6,701,030 


 

1

 

 

   
Schedule of Portfolio Investments Boston Trust Asset Management Fund
September 30, 2023 (Unaudited)
   
   

 

Corporate Bonds (continued)

Security Description  Principal
Amount ($)
   Fair Value ($) 
Health Care (0.6%)          
Becton Dickinson & Co.,
6.70%, 12/1/26
   750,000    770,065 
Merck & Co., Inc., 1.70%, 6/10/27,
Callable 5/10/27 @ 100
   350,000    310,231 
Pfizer, Inc., 3.60%, 9/15/28, Callable
6/15/28 @ 100
   500,000    468,215 
Stryker Corp., 1.95%, 6/15/30,
Callable 3/15/30 @ 100
   1,000,000    801,922 
UnitedHealth Group, Inc., 3.38%,
4/15/27
   500,000    469,438 
Zoetis, Inc., 3.90%, 8/20/28, Callable
5/20/28 @ 100
   750,000    705,302 
         3,525,173 
Industrials (1.0%)          
Emerson Electric Co., 2.00%,
12/21/28, Callable 10/21/28 @ 100
   1,400,000    1,196,508 
Hubbell, Inc., 3.50%, 2/15/28, Callable
11/15/27 @ 100
   1,000,000    927,597 
John Deere Capital Corp., 3.45%,
3/7/29, MTN
   1,250,000    1,143,498 
Union Pacific Corp., 3.95%, 9/10/28,
Callable 6/10/28 @ 100
   400,000    377,803 
Visa, Inc., 3.15%, 12/14/25, Callable
9/14/25 @ 100
   2,000,000    1,911,580 
         5,556,986 
Information Technology (0.4%)          
Apple, Inc., 3.25%, 2/23/26, Callable
11/23/25 @ 100
   2,500,000    2,389,968 
Materials (0.1%)          
Air Products and Chemicals, Inc.,          
1.85%, 5/15/27, Callable 3/15/27 @
100
   400,000    355,506 
           
TOTAL CORPORATE BONDS (Cost
$24,592,314)
        23,146,035 
U.S. Government & U.S. Government Agency Obligations (21.3%)
Federal Farm Credit Bank (2.6%)          
2.85%, 3/2/28   2,400,000    2,217,718 
2.95%, 1/27/25   2,000,000    1,939,211 
3.14%, 12/5/29   2,500,000    2,261,043 
3.25%, 2/27/34   1,500,000    1,283,772 
3.39%, 2/1/28   2,000,000    1,886,448 
3.85%, 12/26/25   2,770,000    2,697,385 
3.88%, 9/20/32   1,000,000    916,537 
4.38%, 3/3/33   1,500,000    1,423,887 
         14,626,001 
Federal Home Loan Bank (1.7%)          
2.50%, 12/10/27   1,500,000    1,370,645 
2.63%, 6/11/27   1,500,000    1,390,596 
2.88%, 9/13/24   2,500,000    2,439,341 
3.50%, 9/24/29   2,000,000    1,869,578 
3.50%, 7/20/32   1,500,000    1,336,614 
4.00%, 6/10/33   2,500,000    2,297,453 
         10,704,227 
U.S. Treasury Bill (1.3%)          
4.75%, 4/18/24   7,500,000    7,282,447 

U.S. Government & U.S. Government Agency Obligations (continued)

Security Description  Principal
Amount ($)
   Fair Value ($) 
U.S. Treasury Bond (2.3%)          
4.38%, 8/15/43   4,000,000    3,730,000 
4.50%, 2/15/36   3,250,000    3,242,891 
5.38%, 2/15/31   5,500,000    5,773,926 
         12,746,817 
U.S. Treasury Inflation Index Note (1.3%)          
0.13%, 4/15/27   4,330,440    3,977,528 
0.63%, 7/15/32   3,682,175    3,211,057 
         7,188,585 
U.S. Treasury Note (12.1%)          
0.88%, 11/15/30   11,000,000    8,561,095 
1.63%, 5/15/31   10,000,000    8,120,703 
2.13%, 5/31/26   5,000,000    4,661,133 
2.25%, 11/15/27   6,500,000    5,913,730 
2.75%, 8/15/32   7,500,000    6,495,996 
2.88%, 5/15/28   7,500,000    6,952,734 
3.13%, 8/31/29   12,500,000    11,522,950 
3.88%, 8/15/33   8,000,000    7,561,875 
4.13%, 11/15/32   8,750,000    8,441,700 
         68,231,916 
TOTAL U.S. GOVERNMENT & U.S. GOVERNMENT AGENCY OBLIGATIONS (Cost $125,166,886)        120,779,993 

 

Investment Companies (1.3%)

   Shares     
         
JPMorgan U.S. Government Money          
Market Fund, Capital Shares, 5.22% (b)   7,325,903    7,325,903 
TOTAL INVESTMENT COMPANIES (Cost $7,325,903)        7,325,903 
Total Investments (Cost $270,607,218) — 99.8%        566,524,181 
Other assets in excess of liabilities — 0.2%        1,161,638 
NET ASSETS — 100.0%       $567,685,819 

 

 
(a)Non-income producing security.
(b)Rate disclosed is the seven day yield as of September 30, 2023.

 

ADRAmerican Depositary Receipt
MTNMedium Term Note
PLCPublic Limited Company


 

2

 

 

   
Schedule of Portfolio Investments Boston Trust Equity Fund
September 30, 2023 (Unaudited)
   
   

 

Common Stocks (97.8%)

Security Description  Shares   Fair Value ($) 
Communication Services (9.8%)          
Alphabet, Inc., Class A (a)   15,000    1,962,900 
Alphabet, Inc., Class C (a)   100,000    13,185,000 
Comcast Corp., Class A   116,500    5,165,610 
         20,313,510 
Consumer Discretionary (6.9%)          
Lowe's Cos., Inc.   10,000    2,078,400 
NIKE, Inc., Class B   30,000    2,868,600 
O'Reilly Automotive, Inc. (a)   3,300    2,999,238 
Ross Stores, Inc.   7,000    790,650 
Starbucks Corp.   40,000    3,650,800 
The TJX Cos., Inc.   21,500    1,910,920 
         14,298,608 
Consumer Staples (7.6%)          
Church & Dwight Co., Inc.   15,000    1,374,450 
Costco Wholesale Corp.   13,750    7,768,200 
Diageo PLC, Sponsored ADR   7,500    1,118,850 
McCormick & Co., Inc.   14,000    1,058,960 
PepsiCo, Inc.   10,000    1,694,400 
Sysco Corp.   20,000    1,321,000 
The Procter & Gamble Co.   9,000    1,312,740 
         15,648,600 
Energy (5.8%)          
Chevron Corp.   13,000    2,192,060 
Exxon Mobil Corp.   50,000    5,879,000 
Schlumberger NV   67,500    3,935,250 
         12,006,310 
Financials (13.7%)          
American Express Co.   12,000    1,790,280 
Berkshire Hathaway, Inc., Class B (a)   10,000    3,503,000 
Chubb Ltd.   10,000    2,081,800 
Cincinnati Financial Corp.   20,000    2,045,800 
FactSet Research Systems, Inc.   5,500    2,404,930 
JPMorgan Chase & Co.   44,250    6,417,135 
Northern Trust Corp.   22,500    1,563,300 
T. Rowe Price Group, Inc.   20,000    2,097,400 
Visa, Inc., Class A   28,000    6,440,280 
         28,343,925 
Health Care (15.4%)          
Agilent Technologies, Inc.   13,600    1,520,752 
Becton Dickinson & Co.   15,000    3,877,950 
Edwards Lifesciences Corp. (a)   22,500    1,558,800 
Johnson & Johnson   25,500    3,971,625 
Merck & Co., Inc.   22,500    2,316,375 
Mettler-Toledo International, Inc. (a)   1,500    1,662,105 
Stryker Corp.   12,000    3,279,240 
The Cooper Cos., Inc.   8,250    2,623,583 
UnitedHealth Group, Inc.   12,000    6,050,280 
Waters Corp. (a)   11,500    3,153,415 
Zoetis, Inc.   12,000    2,087,760 
         32,101,885 
Industrials (12.9%)          
Automatic Data Processing, Inc.   20,000    4,811,600 
Deere & Co.   4,750    1,792,555 
Donaldson Co., Inc.   15,000    894,600 
Hubbell, Inc.   12,500    3,917,625 
Illinois Tool Works, Inc.   15,000    3,454,650 
Union Pacific Corp.   22,500    4,581,675 

Common Stocks (continued)

Security Description  Shares   Fair Value ($) 
Industrials (continued)          
United Parcel Service, Inc., Class B   15,000    2,338,050 
W.W. Grainger, Inc.   7,000    4,842,880 
         26,633,635 
Information Technology (22.1%)          
Accenture PLC, Class A   25,000    7,677,750 
Analog Devices, Inc.   16,500    2,888,985 
Apple, Inc.   82,000    14,039,220 
Microsoft Corp.   51,000    16,103,250 
Oracle Corp.   40,000    4,236,800 
TE Connectivity Ltd.   7,500    926,475 
         45,872,480 
Materials (2.9%)          
Air Products and Chemicals, Inc.   14,800    4,194,320 
AptarGroup, Inc.   14,250    1,781,820 
         5,976,140 
Utilities (0.7%)          
Eversource Energy   25,000    1,453,750 
         1,453,750 
TOTAL COMMON STOCKS (Cost $68,071,139)        202,648,843 
Investment Companies (2.1%)          
JPMorgan U.S. Government Money          
Market Fund, Capital Shares, 5.22% (b)   4,277,654    4,277,654 
TOTAL INVESTMENT COMPANIES (Cost $4,277,654)        4,277,654 
Total Investments (Cost $72,348,793) — 99.9%        206,926,497 
Other assets in excess of liabilities — 0.1%        130,754 
NET ASSETS — 100.0%       $207,057,251 

 

 
(a)Non-income producing security.
(b)Rate disclosed is the seven day yield as of September 30, 2023.

 

ADRAmerican Depositary Receipt
PLCPublic Limited Company


 

1

 

 

   
Schedule of Portfolio Investments Boston Trust Midcap Fund
September 30, 2023 (Unaudited)
   
   

 

Common Stocks (98.7%)

Security Description  Shares   Fair Value ($) 
Communication Services (3.4%)          
Cable One, Inc.   2,865    1,763,809 
Electronic Arts, Inc.   25,920    3,120,768 
Omnicom Group, Inc.   25,420    1,893,281 
         6,777,858 
Consumer Discretionary (10.5%)          
AutoZone, Inc. (a)   1,290    3,276,587 
Carter's, Inc.   30,705    2,123,251 
Choice Hotels International, Inc.   32,560    3,988,926 
Columbia Sportswear Co.   28,140    2,085,174 
Ross Stores, Inc.   38,080    4,301,135 
Ulta Beauty, Inc. (a)   7,280    2,907,996 
Williams-Sonoma, Inc.   16,415    2,550,891 
         21,233,960 
Consumer Staples (6.2%)          
BJ's Wholesale Club Holdings, Inc. (a)   49,255    3,515,330 
Church & Dwight Co., Inc.   21,595    1,978,750 
Dollar General Corp.   17,895    1,893,291 
Sysco Corp.   40,225    2,656,861 
The Hershey Co.   12,215    2,443,977 
         12,488,209 
Energy (5.1%)          
Baker Hughes Co.   176,220    6,224,091 
Marathon Oil Corp.   154,715    4,138,626 
         10,362,717 
Financials (14.5%)          
American Financial Group, Inc.   18,550    2,071,479 
Brown & Brown, Inc.   43,990    3,072,261 
Cboe Global Markets, Inc.   16,000    2,499,360 
East West Bancorp, Inc.   35,550    1,873,841 
Everest Group Ltd.   7,625    2,833,984 
FactSet Research Systems, Inc.   10,035    4,387,904 
M&T Bank Corp.   16,275    2,057,973 
Northern Trust Corp.   36,975    2,569,023 
SEI Investments Co.   80,585    4,853,635 
T. Rowe Price Group, Inc.   30,155    3,162,355 
         29,381,815 
Health Care (13.7%)          
Agilent Technologies, Inc.   23,515    2,629,447 
Chemed Corp.   3,805    1,977,459 
Henry Schein, Inc. (a)   22,605    1,678,421 
Laboratory Corp. of America Holdings   6,820    1,371,161 
Medpace Holdings, Inc. (a)   11,850    2,869,241 
Mettler-Toledo International, Inc. (a)   1,555    1,723,049 
STERIS PLC   13,620    2,988,500 
Teleflex, Inc.   10,145    1,992,579 
The Cooper Cos., Inc.   12,150    3,863,822 
Waters Corp. (a)   16,540    4,535,433 
West Pharmaceutical Services, Inc.   5,695    2,136,821 
         27,765,933 
Industrials (18.9%)          
A. O. Smith Corp.   35,070    2,319,179 
AMETEK, Inc.   24,995    3,693,261 
Broadridge Financial Solutions, Inc.   16,920    3,029,526 
Cummins, Inc.   9,160    2,092,694 
Donaldson Co., Inc.   55,655    3,319,263 
Expeditors International of Washington,          
Inc.   26,865    3,079,535 

Common Stocks (continued)

Security Description  Shares   Fair Value ($) 
Industrials (continued)          
Graco, Inc.   28,660    2,088,741 
Hubbell, Inc.   6,245    1,957,245 
Lincoln Electric Holdings, Inc.   16,635    3,024,077 
Nordson Corp.   10,345    2,308,694 
Paychex, Inc.   53,360    6,154,009 
Rockwell Automation, Inc.   9,610    2,747,211 
W.W. Grainger, Inc.   3,230    2,234,643 
         38,048,078 
Information Technology (11.6%)          
Amdocs Ltd.   24,665    2,083,946 
Amphenol Corp., Class A   30,670    2,575,973 
ANSYS, Inc. (a)   10,835    3,223,954 
Arista Networks, Inc. (a)   19,360    3,560,885 
Check Point Software Technologies          
Ltd. (a)   15,875    2,115,820 
F5, Inc. (a)   14,805    2,385,678 
TE Connectivity Ltd.   24,370    3,010,426 
Trimble, Inc. (a)   37,865    2,039,409 
Zebra Technologies Corp. (a)   10,280    2,431,528 
         23,427,619 
Materials (6.5%)          
AptarGroup, Inc.   28,090    3,512,374 
Avery Dennison Corp.   14,900    2,721,783 
Ball Corp.   44,495    2,214,961 
Packaging Corp. of America   14,420    2,214,191 
RPM International, Inc.   25,315    2,400,115 
         13,063,424 
Real Estate (3.0%)          
Alexandria Real Estate Equities, Inc.   12,500    1,251,250 
AvalonBay Communities, Inc.   12,385    2,127,000 
Jones Lang LaSalle, Inc. (a)   19,695    2,780,540 
         6,158,790 
Utilities (5.3%)          
Atmos Energy Corp.   21,365    2,263,195 
Essential Utilities, Inc.   58,875    2,021,179 
Eversource Energy   73,915    4,298,157 
ONE Gas, Inc.   32,365    2,209,882 
         10,792,413 
TOTAL COMMON STOCKS (Cost $160,488,309)        199,500,816 
Investment Companies (1.3%)          
JPMorgan U.S. Government Money          
Market Fund, Capital Shares, 5.22% (b)   2,730,426    2,730,426 
TOTAL INVESTMENT COMPANIES (Cost $2,730,426)        2,730,426 
Total Investments (Cost $163,218,735) — 100.0%        202,231,242 
Other assets in excess of liabilities — 0.0%        64,443 
NET ASSETS — 100.0%       $202,295,685 

 

 
(a)Non-income producing security.
(b)Rate disclosed is the seven day yield as of September 30, 2023.

 

PLCPublic Limited Company


 

1

 

 

   
Schedule of Portfolio Investments Boston Trust SMID Cap Fund
September 30, 2023 (Unaudited)
   
   

 

Common Stocks (98.9%)

Security Description  Shares   Fair Value ($) 
Communication Services (2.9%)          
Cable One, Inc.   8,690    5,349,912 
Omnicom Group, Inc.   69,425    5,170,774 
The Interpublic Group of Cos., Inc.   287,920    8,251,787 
         18,772,473 
Consumer Discretionary (10.5%)          
Carter's, Inc.   97,855    6,766,673 
Cavco Industries, Inc. (a)   16,606    4,411,550 
Choice Hotels International, Inc.   103,263    12,650,750 
Columbia Sportswear Co.   80,125    5,937,263 
Service Corp. International   208,339    11,904,490 
Texas Roadhouse, Inc.   64,745    6,221,995 
TopBuild Corp. (a)   32,860    8,267,576 
Williams-Sonoma, Inc.   79,521    12,357,563 
         68,517,860 
Consumer Staples (4.4%)          
BJ's Wholesale Club Holdings, Inc. (a)   205,736    14,683,378 
Flowers Foods, Inc.   270,875    6,008,008 
The J.M. Smucker Co.   66,275    8,145,860 
         28,837,246 
Energy (4.7%)          
Cactus, Inc., Class A   186,400    9,359,144 
Callon Petroleum Co. (a)   132,025    5,164,818 
Core Laboratories, Inc.   296,195    7,111,642 
Helmerich & Payne, Inc.   207,300    8,739,768 
         30,375,372 
Financials (13.5%)          
American Financial Group, Inc.   88,725    9,907,921 
Cboe Global Markets, Inc.   74,675    11,664,982 
Cohen & Steers, Inc.   78,835    4,942,166 
Commerce Bancshares, Inc.   95,593    4,586,552 
East West Bancorp, Inc.   134,945    7,112,951 
FactSet Research Systems, Inc.   31,570    13,804,298 
Northern Trust Corp.   109,550    7,611,534 
SEI Investments Co.   220,365    13,272,584 
Selective Insurance Group, Inc.   94,865    9,787,222 
UMB Financial Corp.   83,068    5,154,369 
         87,844,579 
Health Care (14.0%)          
Charles River Laboratories          
International, Inc. (a)   61,650    12,082,167 
Chemed Corp.   22,010    11,438,597 
Henry Schein, Inc. (a)   133,435    9,907,549 
Medpace Holdings, Inc. (a)   55,860    13,525,383 
Revvity, Inc.   60,082    6,651,077 
STERIS PLC   31,125    6,829,448 
Teleflex, Inc.   42,775    8,401,438 
The Cooper Cos., Inc.   29,116    9,259,178 
Waters Corp. (a)   49,125    13,470,566 
         91,565,403 
Industrials (20.0%)          
A. O. Smith Corp.   125,685    8,311,549 
Applied Industrial Technologies, Inc.   58,525    9,048,550 
Broadridge Financial Solutions, Inc.   39,230    7,024,132 
C.H. Robinson Worldwide, Inc.   51,636    4,447,409 
Donaldson Co., Inc.   192,945    11,507,239 
ExlService Holdings, Inc. (a)   271,284    7,606,803 

Common Stocks (continued)

Security Description  Shares   Fair Value ($) 
Industrials (continued)          
Expeditors International of Washington,          
Inc.   89,500    10,259,385 
Hubbell, Inc.   29,680    9,302,009 
IDEX Corp.   24,420    5,079,848 
Jack Henry & Associates, Inc.   50,320    7,605,365 
Lincoln Electric Holdings, Inc.   50,325    9,148,582 
Masco Corp.   85,028    4,544,747 
Nordson Corp.   45,100    10,064,967 
Robert Half, Inc.   69,418    5,086,951 
Snap-on, Inc.   41,135    10,491,893 
The Middleby Corp. (a)   34,665    4,437,120 
The Toro Co.   80,390    6,680,409 
         130,646,958 
Information Technology (13.6%)          
Akamai Technologies, Inc. (a)   80,600    8,587,124 
Amdocs Ltd.   110,095    9,301,927 
Dolby Laboratories, Inc., Class A   87,360    6,924,154 
F5, Inc. (a)   66,492    10,714,521 
Manhattan Associates, Inc. (a)   35,996    7,114,969 
NetApp, Inc.   105,310    7,990,923 
Progress Software Corp.   174,650    9,183,097 
Qualys, Inc. (a)   88,325    13,473,978 
Trimble, Inc. (a)   142,470    7,673,434 
Zebra Technologies Corp. (a)   32,970    7,798,394 
         88,762,521 
Materials (6.5%)          
AptarGroup, Inc.   89,265    11,161,696 
Avery Dennison Corp.   46,600    8,512,422 
Packaging Corp. of America   49,040    7,530,092 
RPM International, Inc.   103,075    9,772,541 
Silgan Holdings, Inc.   123,040    5,304,254 
         42,281,005 
Real Estate (6.4%)          
Camden Property Trust   49,299    4,662,699 
CubeSmart   181,400    6,916,782 
Jones Lang LaSalle, Inc. (a)   68,200    9,628,477 
Lamar Advertising Co., Class A   85,435    7,131,260 
Physicians Realty Trust   489,355    5,965,237 
STAG Industrial, Inc.   209,748    7,238,403 
         41,542,858 
Utilities (2.4%)          
Atmos Energy Corp.   40,325    4,271,627 
IDACORP, Inc.   50,320    4,712,468 
ONE Gas, Inc.   98,895    6,752,551 
         15,736,646 
TOTAL COMMON STOCKS (Cost $616,870,129)        644,882,921 
Investment Companies (1.1%)          
JPMorgan U.S. Government Money          
Market Fund, Capital Shares, 5.22% (b)   7,133,992    7,133,992 
TOTAL INVESTMENT COMPANIES (Cost $7,133,992)        7,133,992 
Total Investments (Cost $624,004,121) — 100.0%        652,016,913 
Other assets in excess of liabilities — 0.0%        167,959 
NET ASSETS — 100.0%       $652,184,872 

 

 
(a)Non-income producing security.
(b)Rate disclosed is the seven day yield as of September 30, 2023.

 

PLCPublic Limited Company


 

1

 

 

   
Schedule of Portfolio Investments Boston Trust Walden Balanced Fund
September 30, 2023 (Unaudited)
   
   

 

Common Stocks (67.6%)

Security Description  Shares   Fair Value ($) 
Communication Services (6.3%)          
Alphabet, Inc., Class A (a)   20,000    2,617,200 
Alphabet, Inc., Class C (a)   42,300    5,577,255 
Comcast Corp., Class A   37,575    1,666,076 
         9,860,531 
Consumer Discretionary (5.0%)          
AutoZone, Inc. (a)   780    1,981,192 
Lowe's Cos., Inc.   5,800    1,205,472 
NIKE, Inc., Class B   17,000    1,625,540 
Ross Stores, Inc.   13,000    1,468,350 
Starbucks Corp.   16,340    1,491,352 
         7,771,906 
Consumer Staples (3.9%)          
Costco Wholesale Corp.   4,200    2,372,832 
Dollar General Corp.   7,000    740,600 
PepsiCo, Inc.   17,240    2,921,146 
         6,034,578 
Energy (4.6%)          
ConocoPhillips   39,580    4,741,684 
Schlumberger NV   41,190    2,401,377 
         7,143,061 
Financials (9.8%)          
Chubb Ltd.   9,500    1,977,710 
FactSet Research Systems, Inc.   3,000    1,311,780 
JPMorgan Chase & Co.   26,875    3,897,412 
Marsh & McLennan Cos., Inc.   8,000    1,522,400 
Northern Trust Corp.   14,285    992,522 
T. Rowe Price Group, Inc.   10,000    1,048,700 
U.S. Bancorp   25,990    859,229 
Visa, Inc., Class A   16,465    3,787,115 
         15,396,868 
Health Care (10.7%)          
Agilent Technologies, Inc.   8,000    894,560 
Becton Dickinson & Co.   7,250    1,874,343 
Johnson & Johnson   21,410    3,334,607 
Merck & Co., Inc.   23,185    2,386,896 
Stryker Corp.   9,250    2,527,747 
The Cooper Cos., Inc.   3,000    954,030 
UnitedHealth Group, Inc.   6,750    3,403,283 
Waters Corp. (a)   5,425    1,487,589 
         16,863,055 
Industrials (7.4%)          
Automatic Data Processing, Inc.   6,695    1,610,683 
Cummins, Inc.   5,230    1,194,846 
Deere & Co.   5,500    2,075,590 
Donaldson Co., Inc.   15,060    898,178 
Hubbell, Inc.   7,000    2,193,870 
Union Pacific Corp.   9,755    1,986,411 
United Parcel Service, Inc., Class B   10,000    1,558,700 
         11,518,278 
Information Technology (16.9%)          
Accenture PLC, Class A   12,000    3,685,320 
Adobe, Inc. (a)   4,000    2,039,600 
Analog Devices, Inc.   8,995    1,574,935 
Apple, Inc.   36,265    6,208,931 
Applied Materials, Inc.   3,000    415,350 
Cisco Systems, Inc.   36,515    1,963,046 

Common Stocks (continued)

Security Description  Shares   Fair Value ($) 
Information Technology (continued)          
Microsoft Corp.   31,275    9,875,081 
TE Connectivity Ltd.   6,500    802,945 
         26,565,208 
Materials (2.5%)          
Air Products and Chemicals, Inc.   9,015    2,554,851 
AptarGroup, Inc.   10,500    1,312,920 
         3,867,771 
Utilities (0.5%)          
Eversource Energy   13,755    799,853 
         799,853 
TOTAL COMMON STOCKS (Cost $44,304,661)        105,821,109 

 

Corporate Bonds (9.4%)        
   Principal
Amount ($)
     
Communication Services (0.8%)          
Comcast Corp., 3.30%, 4/1/27,          
Callable 2/1/27 @ 100   250,000    233,007 
Comcast Corp., 3.95%, 10/15/25,          
Callable 8/15/25 @ 100   250,000    242,637 
Verizon Communications, Inc., 1.50%,          
9/18/30, Callable 6/18/30 @ 100   1,000,000    760,693 
         1,236,337 
Consumer Discretionary (1.8%)          
NIKE, Inc., 2.75%, 3/27/27, Callable          
1/27/27 @ 100   500,000    462,063 
Starbucks Corp., 2.45%, 6/15/26,          
Callable 3/15/26 @ 100   350,000    324,327 
The Home Depot, Inc., 1.38%,          
3/15/31, Callable 12/15/30 @ 100   1,500,000    1,137,162 
Toyota Motor Credit Corp., 1.45%,          
1/13/25, MTN   1,000,000    949,983 
         2,873,535 
Consumer Staples (0.8%)          
The Estee Lauder Cos., Inc., 1.95%,          
3/15/31, Callable 12/15/30 @ 100   1,675,000    1,313,921 
Financials (0.5%)          
John Deere Capital Corp., 2.80%,          
7/18/29, MTN   350,000    308,648 
JPMorgan Chase & Co., 2.95%,          
10/1/26, Callable 7/1/26 @ 100   500,000    463,306 
         771,954 
Health Care (1.9%)          
Abbott Laboratories, 2.95%, 3/15/25,          
Callable 12/15/24 @ 100   100,000    96,686 
Kaiser Foundation Hospitals, 3.15%,          
5/1/27, Callable 2/1/27 @ 100   250,000    234,107 
Pfizer, Inc., 1.70%, 5/28/30, Callable          
2/28/30 @ 100   1,300,000    1,043,263 
Pfizer, Inc., 3.40%, 5/15/24   100,000    98,590 
Stryker Corp., 1.15%, 6/15/25,          
Callable 5/15/25 @ 100   100,000    92,807 
Stryker Corp., 3.50%, 3/15/26,          
Callable 12/15/25 @ 100   300,000    286,132 


 

1

 

 

   
Schedule of Portfolio Investments Boston Trust Walden Balanced Fund
September 30, 2023 (Unaudited)
   
   

 

Corporate Bonds (continued)

Security Description  Principal
Amount ($)
   Fair Value ($) 
Health Care, (continued)          
UnitedHealth Group, Inc., 2.88%,          
8/15/29   1,200,000    1,054,391 
         2,905,976 
Industrials (1.0%)          
3M Co., 3.00%, 8/7/25, MTN   250,000    238,292 
Hubbell, Inc., 2.30%, 3/15/31, Callable          
12/15/30 @ 100   500,000    397,075 
Hubbell, Inc., 3.35%, 3/1/26, Callable          
12/1/25 @ 100   145,000    137,384 
Hubbell, Inc., 3.50%, 2/15/28, Callable          
11/15/27 @ 100   150,000    139,140 
Mastercard, Inc., 2.95%, 11/21/26,          
Callable 8/21/26 @ 100   100,000    93,722 
Mastercard, Inc., 3.30%, 3/26/27,          
Callable 1/26/27 @ 100   150,000    140,983 
United Parcel Service, Inc., 2.40%,          
11/15/26, Callable 8/15/26 @ 100   200,000    184,866 
Visa, Inc., 3.15%, 12/14/25, Callable          
9/14/25 @ 100   275,000    262,842 
         1,594,304 
Information Technology (1.2%)          
Apple, Inc., 2.20%, 9/11/29, Callable          
6/11/29 @ 100   350,000    300,556 
Apple, Inc., 3.00%, 6/20/27, Callable          
3/20/27@100   200,000    186,447 
Intel Corp., 3.90%, 3/25/30, Callable          
12/25/29@100   1,000,000    913,785 
Oracle Corp., 2.50%, 4/1/25, Callable          
3/1/25 @ 100   200,000    190,543 
Oracle Corp., 3.40%, 7/8/24, Callable          
4/8/24 @ 100   300,000    294,409 
         1,885,740 
Materials (0.8%)          
Air Products and Chemicals, Inc.,          
2.05%, 5/15/30, Callable 2/15/30          
@100   1,425,000    1,173,370 
Utilities (0.6%)          
Consolidated Edison Co. of New York,          
Inc., Series 20A, 3.35%, 4/1/30,          
Callable 1/1/30 @ 100   1,000,000    878,873 
TOTAL CORPORATE BONDS (Cost          
$16,713,182)        14,634,010 
Municipal Bonds (0.4%)          
Georgia (0.2%)          
State of Georgia, GO, Series B, 1.40%,          
8/1/33, Callable 8/1/30 @ 100   350,000    249,879 
Hawaii (0.2%)          
State of Hawaii, GO, Series FZ, 1.87%,          
8/1/33, Callable 8/1/30 @ 100   500,000    366,459 
TOTAL MUNICIPAL BONDS (Cost $857,219)        616,338 

U.S. Government & U.S. Government Agency Obligations (21.4%)

Security Description  Principal
Amount ($)
   Fair Value ($) 
Federal Farm Credit Bank (0.5%)          
2.75%, 7/16/27   250,000    232,228 
2.85%, 3/2/28   750,000    693,037 
         925,265 
Federal Home Loan Bank (1.1%)          
2.88%, 9/13/24   1,000,000    975,737 
5.50%, 7/15/36   700,000    748,363 
         1,724,100 
Federal National Mortgage Association (1.4%)          
1.88%, 9/24/26   1,000,000    918,737 
2.13%, 4/24/26   1,250,000    1,166,346 
2.63%, 9/6/24   225,000    219,274 
         2,304,357 
Government National Mortgage Association (0.0%) (b)          
4.00%, 9/15/40   9,188    8,433 
4.00%, 9/15/41   26,183    24,143 
         32,576 
U.S. Treasury Bond (1.6%)          
3.88%, 5/15/43   2,950,000    2,563,273 
U.S. Treasury Inflation Index Note (3.7%)          
0.13%, 1/15/32   4,769,178    3,999,095 
0.25%, 7/15/29   1,194,990    1,065,723 
0.75%, 7/15/28   608,865    567,039 
         5,631,857 
U.S. Treasury Note (13.1%)          
2.75%, 8/15/32   9,575,000    8,293,222 
2.88%, 5/15/32   13,600,000    11,941,969 
         20,235,191 
TOTAL U.S. GOVERNMENT & U.S. GOVERNMENT AGENCY OBLIGATIONS (Cost $36,758,637)        33,416,619 
Investment Companies (1.0%)          
   Shares      
JPMorgan U.S. Government Money          
Market Fund, Capital Shares, 5.22% (c)   1,524,989    1,524,989 
TOTAL INVESTMENT COMPANIES (Cost $1,524,989)        1,524,989 
Total Investments (Cost $100,158,688) — 99.8%        156,013,065 
Other assets in excess of liabilities — 0.2%        357,743 
NET ASSETS — 100.0%       $156,370,808 

 

 
(a)Non-income producing security.
(b)Represents less than 0.05%.
(c)Rate disclosed is the seven day yield as of September 30, 2023.

 

GOGeneral Obligation
MTNMedium Term Note
PLCPublic Limited Company


 

2

 

 

   
Schedule of Portfolio Investments Boston Trust Walden Equity Fund
September 30, 2023 (Unaudited)
   
   

 

Common Stocks (98.7%)

Security Description  Shares   Fair Value ($) 
Communication Services (8.9%)          
Alphabet, Inc., Class A (a)   50,420    6,597,961 
Alphabet, Inc., Class C (a)   78,640    10,368,684 
Comcast Corp., Class A   125,690    5,573,095 
         22,539,740 
Consumer Discretionary (7.5%)          
AutoZone, Inc. (a)   1,560    3,962,384 
Lowe's Cos., Inc.   11,920    2,477,453 
McDonald's Corp.   9,360    2,465,798 
NIKE, Inc., Class B   36,190    3,460,488 
Ross Stores, Inc.   21,990    2,483,771 
Starbucks Corp.   31,710    2,894,172 
The Home Depot, Inc.   4,390    1,326,482 
         19,070,548 
Consumer Staples (5.3%)          
Costco Wholesale Corp.   7,895    4,460,359 
Dollar General Corp.   14,575    1,542,035 
PepsiCo, Inc.   37,105    6,287,071 
The Hershey Co.   6,060    1,212,485 
         13,501,950 
Energy (6.2%)          
ConocoPhillips   107,780    12,912,044 
Schlumberger NV   46,395    2,704,829 
         15,616,873 
Financials (13.7%)          
American Express Co.   11,830    1,764,918 
Chubb Ltd.   25,970    5,406,435 
FactSet Research Systems, Inc.   6,450    2,820,327 
JPMorgan Chase & Co.   53,090    7,699,111 
Marsh & McLennan Cos., Inc.   16,190    3,080,957 
Northern Trust Corp.   34,475    2,395,323 
T. Rowe Price Group, Inc.   21,510    2,255,754 
U.S. Bancorp   57,120    1,888,387 
Visa, Inc., Class A   32,125    7,389,071 
         34,700,283 
Health Care (15.1%)          
Agilent Technologies, Inc.   22,525    2,518,746 
Becton Dickinson & Co.   16,100    4,162,333 
Danaher Corp.   4,510    1,118,931 
Johnson & Johnson   50,145    7,810,083 
Merck & Co., Inc.   37,490    3,859,596 
Stryker Corp.   21,735    5,939,524 
The Cooper Cos., Inc.   7,880    2,505,919 
UnitedHealth Group, Inc.   15,160    7,643,520 
Waters Corp. (a)   9,565    2,622,818 
         38,181,470 
Industrials (12.1%)          
Automatic Data Processing, Inc.   16,765    4,033,324 
Cummins, Inc.   8,710    1,989,887 
Deere & Co.   12,420    4,687,059 
Donaldson Co., Inc.   34,530    2,059,369 
Hubbell, Inc.   11,090    3,475,717 
Masco Corp.   24,720    1,321,284 
Union Pacific Corp.   33,490    6,819,569 
United Parcel Service, Inc., Class B   27,795    4,332,407 
W.W. Grainger, Inc.   2,630    1,819,539 
         30,538,155 

Common Stocks (continued)

Security Description  Shares   Fair Value ($) 
Information Technology (26.1%)          
Accenture PLC, Class A   28,810    8,847,839 
Adobe, Inc. (a)   8,065    4,112,344 
Analog Devices, Inc.   23,690    4,147,882 
Apple, Inc.   108,890    18,643,057 
Applied Materials, Inc.   29,555    4,091,890 
Cisco Systems, Inc.   85,470    4,594,867 
Microsoft Corp.   59,475    18,779,230 
TE Connectivity Ltd.   20,485    2,530,512 
         65,747,621 
Materials (2.9%)          
Air Products and Chemicals, Inc.   16,450    4,661,930 
AptarGroup, Inc.   20,950    2,619,588 
         7,281,518 
Utilities (0.9%)          
Eversource Energy   40,980    2,382,987 
         2,382,987 
TOTAL COMMON STOCKS (Cost $ 110,397,091)        249,561,145 
Investment Companies (1.3%)          
JPMorgan U.S. Government Money          
Market Fund, Capital Shares, 5.22% (b)   3,233,498    3,233,498 
TOTAL INVESTMENT COMPANIES (Cost $3,233,498)        3,233,498 
Total Investments (Cost $113,630,589) — 100.0%        252,794,643 
Other assets in excess of liabilities — 0.0%        105,775 
NET ASSETS — 100.0%       $252,900,418 

 

 
(a)Non-income producing security.
(b)Rate disclosed is the seven day yield as of September 30, 2023.

 

PLCPublic Limited Company


 

1

 

 

   
Schedule of Portfolio Investments Boston Trust Walden Midcap Fund
September 30, 2023 (Unaudited)
   
   

 

Common Stocks (98.2%)

Security Description  Shares   Fair Value ($) 
Communication Services (3.3%)          
Cable One, Inc.   1,665    1,025,041 
Electronic Arts, Inc.   14,355    1,728,342 
Omnicom Group, Inc.   13,975    1,040,858 
         3,794,241 
Consumer Discretionary (10.6%)          
AutoZone, Inc. (a)   710    1,803,393 
Carter's, Inc.   17,250    1,192,838 
Choice Hotels International, Inc.   18,185    2,227,844 
Columbia Sportswear Co.   15,300    1,133,730 
Ross Stores, Inc.   23,465    2,650,372 
Ulta Beauty, Inc. (a)   4,005    1,599,797 
Williams-Sonoma, Inc.   9,165    1,424,241 
         12,032,215 
Consumer Staples (6.2%)          
BJ's Wholesale Club Holdings, Inc. (a)   27,630    1,971,953 
Church & Dwight Co., Inc.   12,070    1,105,974 
Dollar General Corp.   10,010    1,059,058 
Sysco Corp.   22,510    1,486,786 
The Hershey Co.   6,815    1,363,545 
         6,987,316 
Energy (3.6%)          
Baker Hughes Co.   115,260    4,070,983 
         4,070,983 
Financials (14.5%)          
American Financial Group, Inc.   10,375    1,158,576 
Brown & Brown, Inc.   25,540    1,783,713 
Cboe Global Markets, Inc.   9,005    1,406,671 
East West Bancorp, Inc.   20,630    1,087,407 
Everest Group Ltd.   4,215    1,566,589 
FactSet Research Systems, Inc.   5,720    2,501,127 
M&T Bank Corp.   8,905    1,126,038 
Northern Trust Corp.   20,525    1,426,077 
SEI Investments Co.   44,505    2,680,536 
T. Rowe Price Group, Inc.   16,560    1,736,647 
         16,473,381 
Health Care (13.6%)          
Agilent Technologies, Inc.   13,300    1,487,206 
Chemed Corp.   2,050    1,065,384 
Henry Schein, Inc. (a)   13,350    991,238 
Laboratory Corp. of America Holdings   4,475    899,699 
Medpace Holdings, Inc. (a)   6,430    1,556,896 
Mettler-Toledo International, Inc. (a)   830    919,698 
STERIS PLC   7,700    1,689,534 
Teleflex, Inc.   5,580    1,095,968 
The Cooper Cos., Inc.   6,580    2,092,506 
Waters Corp. (a)   8,625    2,365,061 
West Pharmaceutical Services, Inc.   3,280    1,230,689 
         15,393,879 
Industrials (19.2%)          
A. O. Smith Corp.   19,370    1,280,938 
AMETEK, Inc.   13,725    2,028,005 
Broadridge Financial Solutions, Inc.   9,230    1,652,632 
Cummins, Inc.   5,120    1,169,715 
Donaldson Co., Inc.   30,225    1,802,619 
Expeditors International of Washington,          
Inc.   14,910    1,709,133 
Graco, Inc.   15,820    1,152,962 

Common Stocks (continued)

Security Description  Shares   Fair Value ($) 
Industrials (continued)          
Hubbell, Inc.   4,365    1,368,035 
Lincoln Electric Holdings, Inc.   8,705    1,582,482 
Nordson Corp.   5,685    1,268,721 
Paychex, Inc.   29,635    3,417,804 
Rockwell Automation, Inc.   5,250    1,500,818 
W.W. Grainger, Inc.   2,705    1,871,427 
         21,805,291 
Information Technology (11.5%)          
Amdocs Ltd.   13,930    1,176,946 
Amphenol Corp., Class A   16,865    1,416,491 
ANSYS, Inc. (a)   5,910    1,758,521 
Arista Networks, Inc. (a)   10,810    1,988,284 
Check Point Software Technologies          
Ltd. (a)   8,805    1,173,530 
F5, Inc. (a)   8,245    1,328,599 
TE Connectivity Ltd.   13,725    1,695,449 
Trimble, Inc. (a)   21,475    1,156,644 
Zebra Technologies Corp. (a)   5,710    1,350,586 
         13,045,050 
Materials (6.5%)          
AptarGroup, Inc.   15,560    1,945,622 
Avery Dennison Corp.   8,245    1,506,114 
Ball Corp.   24,550    1,222,099 
Packaging Corp. of America   8,550    1,312,853 
RPM International, Inc.   14,355    1,360,998 
         7,347,686 
Real Estate (4.0%)          
Alexandria Real Estate Equities, Inc.   7,955    796,296 
AvalonBay Communities, Inc.   6,730    1,155,810 
CubeSmart   26,610    1,014,639 
Jones Lang LaSalle, Inc. (a)   11,005    1,553,686 
         4,520,431 
Utilities (5.2%)          
Atmos Energy Corp.   11,480    1,216,076 
Essential Utilities, Inc.   31,375    1,077,104 
Eversource Energy   41,275    2,400,141 
ONE Gas, Inc.   18,120    1,237,234 
         5,930,555 
TOTAL COMMON STOCKS (Cost $87,211,523)        111,401,028 
Investment Companies (1.7%)          
JPMorgan U.S. Government Money          
Market Fund, Capital Shares, 5.22% (b)   1,923,494    1,923,494 
TOTAL INVESTMENT COMPANIES (Cost $1,923,494)        1,923,494 
Total Investments (Cost $89,135,017) — 99.9%        113,324,522 
Other assets in excess of liabilities — 0.1%        57,413 
NET ASSETS — 100.0%       $113,381,935 

 

 
(a)Non-income producing security.
(b)Rate disclosed is the seven day yield as of September 30, 2023.

 

PLCPublic Limited Company


 

1

 

 

   
Schedule of Portfolio Investments Boston Trust Walden SMID Cap Fund
September 30, 2023 (Unaudited)
   
   

 

Common Stocks (97.5%)

Security Description  Shares   Fair Value ($) 
Communication Services (3.4%)          
Cable One, Inc.   2,694    1,658,534 
Omnicom Group, Inc.   26,134    1,946,460 
The Interpublic Group of Cos., Inc.   74,885    2,146,205 
         5,751,199 
Consumer Discretionary (9.9%)          
Carter's, Inc.   23,279    1,609,742 
Cavco Industries, Inc. (a)   4,010    1,065,297 
Choice Hotels International, Inc.   30,883    3,783,477 
Columbia Sportswear Co.   18,895    1,400,120 
Texas Roadhouse, Inc.   15,322    1,472,444 
TopBuild Corp. (a)   16,767    4,218,577 
Williams-Sonoma, Inc.   20,038    3,113,905 
         16,663,562 
Consumer Staples (4.8%)          
BJ's Wholesale Club Holdings, Inc. (a)   54,561    3,894,019 
Flowers Foods, Inc.   84,210    1,867,778 
The J.M. Smucker Co.   18,450    2,267,689 
         8,029,486 
Financials (13.4%)          
American Financial Group, Inc.   22,590    2,522,625 
Cboe Global Markets, Inc.   19,323    3,018,446 
Cohen & Steers, Inc.   18,750    1,175,438 
Commerce Bancshares, Inc.   23,191    1,112,704 
East West Bancorp, Inc.   34,379    1,812,118 
FactSet Research Systems, Inc.   8,394    3,670,360 
Northern Trust Corp.   27,300    1,896,804 
SEI Investments Co.   60,605    3,650,239 
Selective Insurance Group, Inc.   23,800    2,455,446 
UMB Financial Corp.   21,028    1,304,787 
         22,618,967 
Health Care (12.9%)          
Chemed Corp.   5,631    2,926,430 
Henry Schein, Inc. (a)   34,854    2,587,910 
Medpace Holdings, Inc. (a)   17,831    4,317,420 
Revvity, Inc.   15,041    1,665,039 
STERIS PLC   8,683    1,905,224 
Teleflex, Inc.   10,707    2,102,962 
The Cooper Cos., Inc.   7,440    2,365,994 
Waters Corp. (a)   14,075    3,859,506 
         21,730,485 
Industrials (23.9%)          
A. O. Smith Corp.   30,065    1,988,198 
Acuity Brands, Inc.   8,939    1,522,401 
Applied Industrial Technologies, Inc.   25,000    3,865,250 
Broadridge Financial Solutions, Inc.   12,556    2,248,151 
C.H. Robinson Worldwide, Inc.   12,994    1,119,173 
Donaldson Co., Inc.   50,036    2,984,148 
ExlService Holdings, Inc. (a)   69,129    1,938,377 
Expeditors International of Washington,          
Inc.   22,652    2,596,599 
Franklin Electric Co., Inc.   17,858    1,593,469 
Hubbell, Inc.   9,930    3,112,161 
IDEX Corp.   5,720    1,189,874 
Jack Henry & Associates, Inc.   12,726    1,923,408 
Lincoln Electric Holdings, Inc.   12,750    2,317,823 
Masco Corp.   28,650    1,531,343 
Nordson Corp.   11,614    2,591,896 
Robert Half, Inc.   25,627    1,877,947 

Common Stocks (continued)

Security Description  Shares   Fair Value ($) 
Industrials (continued)          
Snap-on, Inc.   10,340    2,637,320 
The Middleby Corp. (a)   12,496    1,599,488 
The Toro Co.   21,161    1,758,479 
         40,395,505 
Information Technology (15.6%)          
Akamai Technologies, Inc. (a)   19,522    2,079,874 
Amdocs Ltd.   28,675    2,422,750 
Aspen Technology, Inc. (a)   10,305    2,104,899 
Dolby Laboratories, Inc., Class A   30,308    2,402,212 
F5, Inc. (a)   16,854    2,715,854 
Manhattan Associates, Inc. (a)   13,723    2,712,488 
NetApp, Inc.   28,062    2,129,345 
Progress Software Corp.   45,073    2,369,938 
Qualys, Inc. (a)   22,135    3,376,694 
Trimble, Inc. (a)   36,244    1,952,101 
Zebra Technologies Corp. (a)   8,235    1,947,825 
         26,213,980 
Materials (6.6%)          
AptarGroup, Inc.   27,130    3,392,335 
Avery Dennison Corp.   11,800    2,155,506 
Packaging Corp. of America   11,400    1,750,470 
RPM International, Inc.   26,260    2,489,711 
Silgan Holdings, Inc.   30,925    1,333,177 
         11,121,199 
Real Estate (7.0%)          
Camden Property Trust   12,569    1,188,776 
CubeSmart   45,995    1,753,789 
Jones Lang LaSalle, Inc. (a)   17,360    2,450,885 
Lamar Advertising Co., Class A   22,622    1,888,258 
Physicians Realty Trust   158,499    1,932,103 
STAG Industrial, Inc.   74,462    2,569,684 
         11,783,495 
TOTAL COMMON STOCKS (Cost $144,873,915)        164,307,878 
Investment Companies (2.6%)          
JPMorgan U.S. Government Money          
Market Fund, Capital Shares, 5.22% (b)   4,424,119    4,424,119 
TOTAL INVESTMENT COMPANIES (Cost $4,424,119)        4,424,119 
Total Investments (Cost $149,298,034) — 100.1%        168,731,997 
Liabilities in excess of other assets — (0.1)%        (201,426)
NET ASSETS — 100.0%       $168,530,571 

 

 
(a)Non-income producing security.
(b)Rate disclosed is the seven day yield as of September 30, 2023.

 

PLCPublic Limited Company


 

1

 

 

   
Schedule of Portfolio Investments Boston Trust Walden Small Cap Fund
September 30, 2023 (Unaudited)
   
   

 

Common Stocks (98.3%)

Security Description  Shares   Fair Value ($) 
Communication Services (2.2%)          
Cable One, Inc.   26,626    16,392,031 
Shutterstock, Inc.   240,146    9,137,555 
         25,529,586 
Consumer Discretionary (8.5%)          
Carter's, Inc.   267,175    18,475,151 
Cavco Industries, Inc. (a)   42,425    11,270,626 
Choice Hotels International, Inc.   204,871    25,098,746 
Columbia Sportswear Co.   245,109    18,162,577 
Texas Roadhouse, Inc.   179,800    17,278,780 
TopBuild Corp. (a)   42,890    10,791,124 
         101,077,004 
Consumer Staples (6.0%)          
Central Garden & Pet Co., Class A (a)   307,714    12,336,254 
Flowers Foods, Inc.   908,078    20,141,170 
Lancaster Colony Corp.   82,802    13,664,814 
Sprouts Farmers Market, Inc. (a)   592,975    25,379,330 
         71,521,568 
Energy (5.5%)          
Cactus, Inc., Class A   538,348    27,030,453 
Core Laboratories, Inc.   513,977    12,340,588 
Helmerich & Payne, Inc.   620,753    26,170,946 
         65,541,987 
Financials (13.6%)          
1st Source Corp.   175,292    7,378,040 
Camden National Corp.   70,321    1,984,459 
Cathay General Bancorp   393,207    13,667,875 
Cohen & Steers, Inc.   251,436    15,762,523 
Commerce Bancshares, Inc.   248,950    11,944,621 
Donnelley Financial Solutions, Inc. (a)   187,218    10,536,629 
Evercore, Inc.   122,924    16,948,761 
German American Bancorp, Inc.   100,988    2,735,765 
Independent Bank Corp.   171,955    8,441,271 
International Bancshares Corp.   233,603    10,124,354 
Lakeland Financial Corp.   136,781    6,491,626 
Selective Insurance Group, Inc.   243,180    25,088,880 
The Hanover Insurance Group, Inc.   148,225    16,450,011 
Tompkins Financial Corp.   90,832    4,449,860 
UMB Financial Corp.   147,394    9,145,798 
         161,150,473 
Health Care (15.0%)          
Atrion Corp.   13,715    5,666,627 
Chemed Corp.   47,379    24,622,867 
Corcept Therapeutics, Inc. (a)   781,575    21,294,011 
CorVel Corp. (a)   112,483    22,119,782 
Globus Medical, Inc. (a)   307,102    15,247,614 
Haemonetics Corp. (a)   292,281    26,182,531 
ICU Medical, Inc. (a)   108,854    12,954,715 
Medpace Holdings, Inc. (a)   114,100    27,627,033 
U.S. Physical Therapy, Inc.   219,100    20,098,043 
         175,813,223 
Industrials (19.4%)          
Acuity Brands, Inc.   81,782    13,928,292 
Applied Industrial Technologies, Inc.   138,290    21,381,017 
Comfort Systems USA, Inc.   80,000    13,632,800 
CSG Systems International, Inc.   334,937    17,121,979 
Donaldson Co., Inc.   392,888    23,431,840 
ExlService Holdings, Inc. (a)   838,219    23,503,661 

Common Stocks (continued)

Security Description  Shares   Fair Value ($) 
Industrials (continued)          
Forward Air Corp.   119,925    8,243,645 
Franklin Electric Co., Inc.   193,205    17,239,682 
Insperity, Inc.   94,634    9,236,278 
Landstar System, Inc.   94,243    16,675,356 
MSC Industrial Direct Co., Inc.   212,092    20,816,830 
UniFirst Corp.   84,040    13,699,360 
Valmont Industries, Inc.   48,379    11,621,120 
Watts Water Technologies, Inc., Class A   103,649    17,912,620 
         228,444,480 
Information Technology (14.1%)          
Badger Meter, Inc.   100,500    14,458,935 
InterDigital, Inc.   250,888    20,131,253 
Littelfuse, Inc.   79,615    19,690,382 
Plexus Corp. (a)   162,352    15,095,489 
Power Integrations, Inc.   330,824    25,245,179 
Progress Software Corp.   394,900    20,763,842 
Qualys, Inc. (a)   184,099    28,084,302 
Teradata Corp. (a)   510,078    22,963,712 
         166,433,094 
Materials (6.0%)          
AptarGroup, Inc.   196,804    24,608,372 
Minerals Technologies, Inc.   261,863    14,339,618 
Sensient Technologies Corp.   222,900    13,035,192 
Silgan Holdings, Inc.   438,015    18,882,827 
         70,866,009 
Real Estate (5.0%)          
Americold Realty Trust, Inc.   317,802    9,664,359 
Jones Lang LaSalle, Inc. (a)   90,875    12,829,733 
Physicians Realty Trust   1,131,175    13,789,023 
STAG Industrial, Inc.   669,710    23,111,692 
         59,394,807 
Utilities (3.0%)          
IDACORP, Inc.   161,454    15,120,167 
ONE Gas, Inc.   194,960    13,311,869 
Unitil Corp.   163,604    6,987,527 
         35,419,563 
TOTAL COMMON STOCKS (Cost $1,020,094,457)        1,161,191,794 
Investment Companies (1.8%)          
JPMorgan U.S. Government Money          
Market Fund, Capital Shares, 5.22% (b)   21,759,685    21,759,685 
TOTAL INVESTMENT COMPANIES (Cost $21,759,685)        21,759,685 
Total Investments (Cost $1,041,854,142) — 100.1%        1,182,951,479 
Liabilities in excess of other assets — (0.1)%        (668,451)
NET ASSETS — 100.0%       $1,182,283,028 

 

 
(a)Non-income producing security.
(b)Rate disclosed is the seven day yield as of September 30, 2023.


 

1

 

 

   
Schedule of Portfolio Investments Boston Trust Walden International Equity Fund
September 30, 2023 (Unaudited)
   
   

 

Common Stocks (95.0%)        
Security Description  Shares   Fair Value ($) 
         
Australia (3.8%)          
Brambles Ltd.   187,500    1,725,283 
Insurance Australia Group Ltd.   408,000    1,490,234 
Woodside Energy Group Ltd.   56,000    1,304,416 
         4,519,933 
           
Canada (10.4%)          
BCE, Inc.   19,300    736,842 
Canadian National Railway Co.   20,300    2,198,606 
Intact Financial Corp.   5,200    758,195 
Magna International, Inc.   38,200    2,047,403 
Metro, Inc.   28,400    1,475,102 
Royal Bank of Canada   36,100    3,155,194 
The Toronto-Dominion Bank   20,700    1,247,243 
Tourmaline Oil Corp.   15,100    759,948 
         12,378,533 
           
Denmark (2.8%)          
Novo Nordisk A/S, Class B   30,000    2,729,458 
Novozymes A/S, Class B Shares   14,500    584,647 
         3,314,105 
           
Finland (2.0%)          
Kone Oyj, Class B   57,400    2,419,851 
         2,419,851 
           
France (11.3%)          
Air Liquide SA   15,900    2,679,052 
Dassault Systemes SE   36,100    1,341,968 
EssilorLuxottica SA   5,400    938,540 
Legrand SA   15,200    1,394,815 
L'Oreal SA   6,000    2,484,495 
Publicis Groupe SA   12,700    958,930 
Schneider Electric SE   16,700    2,752,829 
Societe BIC SA   14,300    943,314 
         13,493,943 
           
Germany (6.8%)          
Allianz SE, Registered Shares   3,400    810,658 
Deutsche Boerse AG   14,200    2,454,066 
Fresenius SE & Co. KGaA   30,500    950,624 
Hannover Rueck SE   5,600    1,230,422 
Merck KGaA   5,800    969,284 
SAP SE   12,600    1,635,331 
         8,050,385 
           
Hong Kong (1.0%)          
Hang Seng Bank Ltd.   48,200    598,780 
Sino Land Co. Ltd.   548,000    616,640 
         1,215,420 
           
Ireland (1.9%)          
Experian PLC   34,100    1,113,835 
Smurfit Kappa Group PLC   34,100    1,127,986 
         2,241,821 
           
Israel (1.1%)          
Check Point Software Technologies Ltd. (a)   5,500    733,040 
Nice Ltd. (a)   3,500    595,390 
         1,328,430 
           
Italy (1.7%)          
FinecoBank Banca Fineco SpA   54,900    666,459 
           
Common Stocks (continued)        
Security Description  Shares   Fair Value ($) 
           
Italy (continued)          
Terna - Rete Elettrica Nazionale   175,500    1,320,091 
         1,986,550 
           
Japan (15.0%)          
Chugai Pharmaceutical Co. Ltd.   25,000    774,733 
Daiwa House Industry Co. Ltd.   18,590    499,262 
Inpex Corp.   84,600    1,269,797 
Kakaku.com, Inc.   53,700    544,814 
Mitsubishi Estate Co. Ltd.   35,300    461,512 
Nippon Telegraph & Telephone Corp.   1,312,500    1,550,398 
Nitto Denko Corp.   27,100    1,776,808 
Nomura Research Institute Ltd.   54,000    1,405,482 
Oracle Corp.   15,300    1,140,891 
Sumitomo Mitsui Financial Group, Inc.   39,200    1,921,967 
Sysmex Corp.   23,100    1,101,787 
Terumo Corp.   15,200    402,734 
The Chiba Bank Ltd.   193,900    1,406,714 
Tokio Marine Holdings, Inc.   32,700    753,913 
Toyota Motor Corp.   154,200    2,771,231 
         17,782,043 
           
Luxembourg (0.9%)          
Tenaris SA   69,200    1,093,281 
         1,093,281 
           
Netherlands (5.6%)          
ASML Holding NV   3,900    2,289,917 
ING Groep NV   78,700    1,039,502 
Koninklijke Ahold Delhaize NV   32,200    970,797 
Koninklijke Vopak NV   34,700    1,187,234 
Wolters Kluwer NV   10,000    1,210,891 
         6,698,341 
           
Norway (1.6%)          
Equinor ASA   59,100    1,938,223 
         1,938,223 
           
Singapore (1.9%)          
DBS Group Holdings Ltd.   58,900    1,446,577 
Singapore Exchange Ltd.   110,000    782,971 
         2,229,548 
           
Spain (1.5%)          
Industria de Diseno Textil SA   47,900    1,782,560 
         1,782,560 
           
Sweden (3.1%)          
Assa Abloy AB, Class B   39,500    860,820 
Atlas Copco AB, Class A   119,400    1,600,226 
Svenska Handelsbanken AB, Class A   140,200    1,246,682 
         3,707,728 
           
Switzerland (10.0%)          
Cie Financiere Richemont SA, Registered          
Shares   20,000    2,437,515 
Nestle SA, Registered Shares   40,100    4,529,385 
Roche Holding AG   12,000    3,274,076 
Sonova Holding AG   3,100    734,833 
Zurich Insurance Group AG   1,900    870,889 
         11,846,698 
           
United Kingdom (12.6%)          
Compass Group PLC   67,200    1,636,839 


 

1

 

 

   
Schedule of Portfolio Investments Boston Trust Walden International Equity Fund
September 30, 2023 (Unaudited)
   
   

 

Common Stocks (continued)

Security Description  Shares   Fair Value ($) 
United Kingdom (continued)          
Croda International PLC   16,100    964,921 
Johnson Matthey PLC   57,300    1,136,161 
National Grid PLC   113,100    1,349,824 
Next PLC   24,300    2,155,985 
Reckitt Benckiser Group PLC   17,100    1,208,265 
RELX PLC   69,300    2,336,731 
Schroders PLC   203,400    1,005,146 
Severn Trent PLC   37,300    1,074,559 
Smith & Nephew PLC   71,300    886,087 
Unilever PLC   26,200    1,292,708 
         15,047,226 
TOTAL COMMON STOCKS (Cost
$102,854,662)
        113,074,619 
           
Investment Companies (18.9%)          
JPMorgan U.S. Government Money Market          
Fund, Capital Shares, 5.22% (b)   22,544,041    22,544,041 
TOTAL INVESTMENT COMPANIES (Cost          
$22,544,041)        22,544,041 
Total Investments (Cost $125,398,703) — 113.9%        135,618,660 
Liabilities in excess of other assets — (13.9)%        (16,595,137)
NET ASSETS — 100.0%       $119,023,523 

 

 
(a)Non-income producing security.
(b)Rate disclosed is the seven day yield as of September 30, 2023.

 

PLCPublic Limited Company

The Fund invested, as a percentage of net assets at value, in the following industries as of September 30, 2023:

 

Industry Percentage of
Total Net Assets
Financials 19.2%
Investment Companies 18.9 
Industrials 15.5 
Health Care 10.8 
Consumer Discretionary 10.7 
Consumer Staples 10.1 
Information Technology 7.7 
Materials 7.1 
Energy 6.3 
Communication Services 3.2 
Utilities 3.1 
Real Estate 1.3 
Other net assets (13.9)
Total 100.0%


 

2