# EDGAR Filing Document

**Accession Number:** 0001830437
**File Stem:** 0002066578-25-000198
**Filing Date:** 2025-8
**Character Count:** 63980
**Document Hash:** eaed63151ab4d97fce6e3b770013b55d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002066578-25-000198.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0002066578-25-000198

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Perpetual Americas Funds Trust
- **CENTRAL INDEX KEY:** 0001830437

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23615
- **FILM NUMBER:** 251253940

**BUSINESS ADDRESS:**
- **STREET 1:** 1 CONGRESS STREET, SUITE 3101
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02114
- **BUSINESS PHONE:** 617-993-0716

**MAIL ADDRESS:**
- **STREET 1:** 1 CONGRESS STREET, SUITE 3101
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02114

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** JOHCM Funds Trust
- **DATE OF NAME CHANGE:** 20201029

## Series and Classes Contracts Data

### Trillium ESG Global Equity Fund (Series ID: S000081438)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000244332 | Institutional Shares | PORIX           |
| C000244333 | Investor Shares      | PORTX           |

## Nport-Ex

------

**TRILLIUM ESG GLOBAL EQUITY FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 2025 (Unaudited)** 

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Shares** | **Value** |
| COMMON STOCKS | 99.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Automotive | 2.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BYD Co. Ltd. - Class H |  | 321939 | &nbsp;&nbsp; $5023921 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cie Generale des Etablissements Michelin S.C.A. |  | 262851 | &nbsp;&nbsp; 9765584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Denso Corp. |  | 366434 | &nbsp;&nbsp; 4963227 |
|  |  |  | &nbsp;&nbsp; 19752732 |
| &nbsp;&nbsp;&nbsp;&nbsp; Banking | 6.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credicorp Ltd. |  | 26828 | &nbsp;&nbsp; 5996595 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DNB Bank ASA |  | 284117 | &nbsp;&nbsp; 7853146 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Grupo Financiero Banorte S.A.B. de C.V., Series O |  | 547034 | &nbsp;&nbsp; 5000254 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HDFC Bank Ltd. - ADR |  | 100312 | &nbsp;&nbsp; 7690921 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KBC Group N.V. |  | 80092 | &nbsp;&nbsp; 8270228 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PNC Financial Services Group (The), Inc. |  | 52937 | &nbsp;&nbsp; 9868515 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sumitomo Mitsui Trust Group, Inc. |  | 331099 | &nbsp;&nbsp; 8826701 |
|  |  |  | &nbsp;&nbsp; 53506360 |
| &nbsp;&nbsp;&nbsp;&nbsp; Biotechnology & Pharmaceuticals | 5.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AstraZeneca PLC |  | 70081 | &nbsp;&nbsp; 9735105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gilead Sciences, Inc. |  | 64453 | &nbsp;&nbsp; 7145904 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Merck & Co., Inc. |  | 84149 | &nbsp;&nbsp; 6661235 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Novo Nordisk A/S - Class B |  | 128579 | &nbsp;&nbsp; 8924149 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Roche Holding A.G. (Genusschein) |  | 18060 | &nbsp;&nbsp; 5881535 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vertex Pharmaceuticals, Inc.<sup>(a)</sup> <br>|  | 18387 | &nbsp;&nbsp; 8185892 |
|  |  |  | &nbsp;&nbsp; 46533820 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chemicals | 2.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Air Liquide S.A. |  | 53591 | &nbsp;&nbsp; 11056154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ecolab, Inc. |  | 35727 | &nbsp;&nbsp; 9626283 |
|  |  |  | &nbsp;&nbsp; 20682437 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commercial Support Services | 2.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brambles Ltd. |  | 575824 | &nbsp;&nbsp; 8875678 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Compass Group PLC |  | 219206 | &nbsp;&nbsp; 7423034 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recruit Holdings Co. Ltd. |  | 87224 | &nbsp;&nbsp; 5169660 |
|  |  |  | &nbsp;&nbsp; 21468372 |
| &nbsp;&nbsp;&nbsp;&nbsp; Construction Materials | 0.9<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sika A.G. - REG |  | 26828 | &nbsp;&nbsp; 7283069 |
| &nbsp;&nbsp;&nbsp;&nbsp; Containers & Packaging | 0.3<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Klabin S.A. |  | 754526 | &nbsp;&nbsp; 2562258 |
| &nbsp;&nbsp;&nbsp;&nbsp; Diversified Industrials | 1.3<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Siemens A.G. - REG |  | 42532 | &nbsp;&nbsp; 10904390 |
| &nbsp;&nbsp;&nbsp;&nbsp; E-Commerce Discretionary | 1.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MercadoLibre, Inc.<sup>(a)</sup> <br>|  | 4450 | &nbsp;&nbsp; 11630653 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electric Utilities | 0.8<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terna - Rete Elettrica Nazionale |  | 682614 | &nbsp;&nbsp; 7016448 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electrical Equipment | 4.0<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Assa Abloy AB - Class B |  | 200884 | &nbsp;&nbsp; 6268004 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prysmian S.p.A. |  | 152004 | &nbsp;&nbsp; 10750350 |

---

------

**TRILLIUM ESG GLOBAL EQUITY FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Schneider Electric S.E. |  | 24145 | &nbsp;&nbsp; $6422114 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trane Technologies PLC |  | 22313 | &nbsp;&nbsp; 9759929 |
|  |  |  | &nbsp;&nbsp; 33200397 |
| &nbsp;&nbsp;&nbsp;&nbsp; Engineering & Construction | 1.0<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Quanta Services, Inc. |  | 21855 | &nbsp;&nbsp; 8262938 |
| &nbsp;&nbsp;&nbsp;&nbsp; Entertainment Content | 1.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Netflix, Inc.<sup>(a)</sup> <br>|  | 10731 | &nbsp;&nbsp; 14370204 |
| &nbsp;&nbsp;&nbsp;&nbsp; Food | 3.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kerry Group PLC - Class A |  | 86112 | &nbsp;&nbsp; 9509591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; McCormick & Co., Inc. (Non Voting) |  | 99330 | &nbsp;&nbsp; 7531201 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nestle S.A. - REG |  | 109014 | &nbsp;&nbsp; 10830643 |
|  |  |  | &nbsp;&nbsp; 27871435 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gas & Water Utilities | 1.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Water Works Co., Inc. |  | 68902 | &nbsp;&nbsp; 9584957 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Facilities & Services | 1.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Elevance Health, Inc. |  | 25520 | &nbsp;&nbsp; 9926259 |
| &nbsp;&nbsp;&nbsp;&nbsp; Home Construction | 0.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Daiwa House Industry Co. Ltd. |  | 138329 | &nbsp;&nbsp; 4758737 |
| &nbsp;&nbsp;&nbsp;&nbsp; Household Products | 2.9<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; L'Oreal S.A. |  | 25520 | &nbsp;&nbsp; 10915253 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unilever PLC |  | 220776 | &nbsp;&nbsp; 13460867 |
|  |  |  | &nbsp;&nbsp; 24376120 |
| &nbsp;&nbsp;&nbsp;&nbsp; Institutional Financial Services | 3.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank of New York Mellon (The) Corp. |  | 140488 | &nbsp;&nbsp; 12799862 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Intercontinental Exchange, Inc. |  | 74530 | &nbsp;&nbsp; 13674019 |
|  |  |  | &nbsp;&nbsp; 26473881 |
| &nbsp;&nbsp;&nbsp;&nbsp; Insurance | 3.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AIA Group Ltd. |  | 684249 | &nbsp;&nbsp; 6136489 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allianz S.E. - REG |  | 26893 | &nbsp;&nbsp; 10900610 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aviva PLC |  | 744646 | &nbsp;&nbsp; 6329081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Travelers (The) Cos., Inc. |  | 26109 | &nbsp;&nbsp; 6985202 |
|  |  |  | &nbsp;&nbsp; 30351382 |
| &nbsp;&nbsp;&nbsp;&nbsp; Internet Media & Services | 6.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alphabet, Inc. - Class A |  | 196304 | &nbsp;&nbsp; 34594654 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rightmove PLC |  | 737383 | &nbsp;&nbsp; 7981963 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spotify Technology S.A.<sup>(a)</sup> <br>|  | 15900 | &nbsp;&nbsp; 12200706 |
|  |  |  | &nbsp;&nbsp; 54777323 |
| &nbsp;&nbsp;&nbsp;&nbsp; IT Services | 1.0<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accenture PLC - Class A |  | 28268 | &nbsp;&nbsp; 8449022 |
| &nbsp;&nbsp;&nbsp;&nbsp; Leisure Facilities & Services | 2.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chipotle Mexican Grill, Inc.<sup>(a)</sup> <br>|  | 152790 | &nbsp;&nbsp; 8579158 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Marriott International, Inc. - Class A |  | 27613 | &nbsp;&nbsp; 7544148 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Starbucks Corp. |  | 56012 | &nbsp;&nbsp; 5132380 |
|  |  |  | &nbsp;&nbsp; 21255686 |

---

------

**TRILLIUM ESG GLOBAL EQUITY FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Machinery | 2.3<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Atlas Copco AB - Class A |  | 359236 | &nbsp;&nbsp; $5803805 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deere & Co. |  | 14722 | &nbsp;&nbsp; 7485990 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kurita Water Industries Ltd. |  | 142058 | &nbsp;&nbsp; 5620961 |
|  |  |  | &nbsp;&nbsp; 18910756 |
| &nbsp;&nbsp;&nbsp;&nbsp; Medical Equipment & Devices | 2.9<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cochlear Ltd. |  | 33372 | &nbsp;&nbsp; 6598360 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hoya Corp. |  | 45804 | &nbsp;&nbsp; 5456530 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Stryker Corp. |  | 15639 | &nbsp;&nbsp; 6187258 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Thermo Fisher Scientific, Inc. |  | 14331 | &nbsp;&nbsp; 5810647 |
|  |  |  | &nbsp;&nbsp; 24052795 |
| &nbsp;&nbsp;&nbsp;&nbsp; Real Estate Investment Trusts | 1.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Tower Corp. |  | 27156 | &nbsp;&nbsp; 6002019 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prologis, Inc. |  | 74138 | &nbsp;&nbsp; 7793387 |
|  |  |  | &nbsp;&nbsp; 13795406 |
| &nbsp;&nbsp;&nbsp;&nbsp; Real Estate Services | 0.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jones Lang LaSalle, Inc.<sup>(a)</sup> <br>|  | 24080 | &nbsp;&nbsp; 6159182 |
| &nbsp;&nbsp;&nbsp;&nbsp; Renewable Energy | 0.9<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; First Solar, Inc.<sup>(a)</sup> <br>|  | 47047 | &nbsp;&nbsp; 7788160 |
| &nbsp;&nbsp;&nbsp;&nbsp; Retail - Consumer Staples | 1.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Costco Wholesale Corp. |  | 4057 | &nbsp;&nbsp; 4016187 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Target Corp. |  | 77933 | &nbsp;&nbsp; 7688090 |
|  |  |  | &nbsp;&nbsp; 11704277 |
| &nbsp;&nbsp;&nbsp;&nbsp; Retail - Discretionary | 4.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ferguson Enterprises, Inc. |  | 35793 | &nbsp;&nbsp; 7821697 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industria de Diseno Textil S.A. |  | 126093 | &nbsp;&nbsp; 6562111 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lululemon Athletica, Inc.<sup>(a)</sup> <br>|  | 22902 | &nbsp;&nbsp; 5441058 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TJX Cos. (The), Inc. |  | 112090 | &nbsp;&nbsp; 13841994 |
|  |  |  | &nbsp;&nbsp; 33666860 |
| &nbsp;&nbsp;&nbsp;&nbsp; Semiconductors | 10.3<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Applied Materials, Inc. |  | 34943 | &nbsp;&nbsp; 6397015 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ASML Holding N.V. |  | 9816 | &nbsp;&nbsp; 7834925 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Infineon Technologies A.G. |  | 292100 | &nbsp;&nbsp; 12426421 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NVIDIA Corp. |  | 265668 | &nbsp;&nbsp; 41972887 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Taiwan Semiconductor Manufacturing Co. Ltd. - ADR |  | 75511 | &nbsp;&nbsp; 17102487 |
|  |  |  | &nbsp;&nbsp; 85733735 |
| &nbsp;&nbsp;&nbsp;&nbsp; Software | 11.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cadence Design Systems, Inc.<sup>(a)</sup> <br>|  | 31736 | &nbsp;&nbsp; 9779448 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Intuit, Inc. |  | 9816 | &nbsp;&nbsp; 7731376 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Microsoft Corp. |  | 98741 | &nbsp;&nbsp; 49114761 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Palo Alto Networks, Inc.<sup>(a)</sup> <br>|  | 31408 | &nbsp;&nbsp; 6427333 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SAP S.E. |  | 21920 | &nbsp;&nbsp; 6665605 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ServiceNow, Inc.<sup>(a)</sup> <br>|  | 12825 | &nbsp;&nbsp; 13185126 |
|  |  |  | &nbsp;&nbsp; 92903649 |

---

------

**TRILLIUM ESG GLOBAL EQUITY FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Specialty Finance | 2.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Visa, Inc. - Class A |  | 57517 | &nbsp;&nbsp; $20421411 |
| &nbsp;&nbsp;&nbsp;&nbsp; Technology Hardware | 3.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Apple, Inc. |  | 111108 | &nbsp;&nbsp; 22796028 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cisco Systems, Inc. |  | 76886 | &nbsp;&nbsp; 5334351 |
|  |  |  | &nbsp;&nbsp; 28130379 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transportation & Logistics | 0.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Union Pacific Corp. |  | 24866 | &nbsp;&nbsp; 5721169 |
| TOTAL COMMON STOCKS (Cost $561,838,489) |  |  | &nbsp;&nbsp; 823986659 |
| SHORT-TERM INVESTMENTS | 0.3<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Northern Institutional Treasury Portfolio (Premier Class), 4.16%<sup>(b)</sup> <br>|  | 2468682 | &nbsp;&nbsp; 2468682 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $2,468,682) |  |  | &nbsp;&nbsp; 2468682 |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS<br> (Cost $564,307,171)<br>| 99.7<br> %<br>|  | &nbsp;&nbsp; 826455341 |
| NET OTHER ASSETS (LIABILITIES) | 0.3<br> %<br>|  | &nbsp;&nbsp; 2285663 |
| NET ASSETS | 100.0<br> %<br>|  | &nbsp;&nbsp; $828741004 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup>Non-income producing security. <br> <sup>(b)</sup>7-day current yield as of June 30, 2025 is disclosed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Abbreviations: <br> ADR – American Depositary Receipt <br> REG – Registered

At June 30, 2025 the Fund's investments were concentrated in the following countries:

---

| | |
|:---|:---|
| **Country Allocation** | **Percentage**<br> **of Net Assets**<br>|
| United States  | 58.3% |
| United Kingdom  | &nbsp;&nbsp; 5.4  |
| Germany  | &nbsp;&nbsp; 4.9  |
| France  | &nbsp;&nbsp; 4.6  |
| Japan  | &nbsp;&nbsp; 4.3  |
| Ireland  | &nbsp;&nbsp; 3.4  |
| Switzerland  | &nbsp;&nbsp; 2.9  |
| Italy  | &nbsp;&nbsp; 2.1  |
| Taiwan  | &nbsp;&nbsp; 2.0  |
| All other countries less than 2%  | 11.8  |
| Total | &nbsp;&nbsp; 99.7% |

---

------

**TRILLIUM ESG SMALL/MID CAP FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 2025 (Unaudited)** 

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Shares** | **Value** |
| COMMON STOCKS | 98.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Aerospace & Defense | 1.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hexcel Corp. |  | 7267 | &nbsp;&nbsp; $410513 |
| &nbsp;&nbsp;&nbsp;&nbsp; Apparel & Textile Products | 1.9<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deckers Outdoor Corp.<sup>(a)</sup> <br>|  | 6163 | &nbsp;&nbsp; 635220 |
| &nbsp;&nbsp;&nbsp;&nbsp; Asset Management | 3.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LPL Financial Holdings, Inc. |  | 1555 | &nbsp;&nbsp; 583078 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Stifel Financial Corp. |  | 6466 | &nbsp;&nbsp; 671042 |
|  |  |  | &nbsp;&nbsp; 1254120 |
| &nbsp;&nbsp;&nbsp;&nbsp; Banking | 5.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; East West Bancorp, Inc. |  | 8483 | &nbsp;&nbsp; 856613 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fifth Third Bancorp |  | 10412 | &nbsp;&nbsp; 428246 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Webster Financial Corp. |  | 12107 | &nbsp;&nbsp; 661042 |
|  |  |  | &nbsp;&nbsp; 1945901 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chemicals | 3.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Avery Dennison Corp. |  | 1894 | &nbsp;&nbsp; 332340 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ingevity Corp.<sup>(a)</sup> <br>|  | 9168 | &nbsp;&nbsp; 395049 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rogers Corp.<sup>(a)</sup> <br>|  | 2783 | &nbsp;&nbsp; 190580 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sensient Technologies Corp. |  | 3461 | &nbsp;&nbsp; 340978 |
|  |  |  | &nbsp;&nbsp; 1258947 |
| &nbsp;&nbsp;&nbsp;&nbsp; Construction Materials | 1.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trex Co., Inc.<sup>(a)</sup> <br>|  | 7711 | &nbsp;&nbsp; 419324 |
| &nbsp;&nbsp;&nbsp;&nbsp; Consumer Services | 1.9<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bright Horizons Family Solutions, Inc.<sup>(a)</sup> <br>|  | 5157 | &nbsp;&nbsp; 637354 |
| &nbsp;&nbsp;&nbsp;&nbsp; Containers & Packaging | 1.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AptarGroup, Inc. |  | 3250 | &nbsp;&nbsp; 508398 |
| &nbsp;&nbsp;&nbsp;&nbsp; E-Commerce Discretionary | 0.9<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Etsy, Inc.<sup>(a)</sup> <br>|  | 6074 | &nbsp;&nbsp; 304672 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electric Utilities | 1.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ormat Technologies, Inc. |  | 5559 | &nbsp;&nbsp; 465622 |
| &nbsp;&nbsp;&nbsp;&nbsp; Electrical Equipment | 5.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allegion PLC |  | 2455 | &nbsp;&nbsp; 353815 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Badger Meter, Inc. |  | 1561 | &nbsp;&nbsp; 382367 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; nVent Electric PLC |  | 6261 | &nbsp;&nbsp; 458618 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trimble, Inc.<sup>(a)</sup> <br>|  | 8758 | &nbsp;&nbsp; 665433 |
|  |  |  | &nbsp;&nbsp; 1860233 |
| &nbsp;&nbsp;&nbsp;&nbsp; Engineering & Construction | 3.4<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MYR Group, Inc.<sup>(a)</sup> <br>|  | 4057 | &nbsp;&nbsp; 736142 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tetra Tech, Inc. |  | 11255 | &nbsp;&nbsp; 404730 |
|  |  |  | &nbsp;&nbsp; 1140872 |
| &nbsp;&nbsp;&nbsp;&nbsp; Food | 3.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Darling Ingredients, Inc.<sup>(a)</sup> <br>|  | 5771 | &nbsp;&nbsp; 218952 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lamb Weston Holdings, Inc. |  | 7325 | &nbsp;&nbsp; 379801 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; McCormick & Co., Inc. (Non Voting) |  | 7945 | &nbsp;&nbsp; 602390 |
|  |  |  | &nbsp;&nbsp; 1201143 |

---

------

**TRILLIUM ESG SMALL/MID CAP FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Gas & Water Utilities | 0.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Essential Utilities, Inc. |  | 5157 | &nbsp;&nbsp; $191531 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Facilities & Services | 4.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Encompass Health Corp. |  | 5700 | &nbsp;&nbsp; 698991 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ICON PLC<sup>(a)</sup> <br>|  | 3028 | &nbsp;&nbsp; 440422 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Quest Diagnostics, Inc. |  | 2228 | &nbsp;&nbsp; 400216 |
|  |  |  | &nbsp;&nbsp; 1539629 |
| &nbsp;&nbsp;&nbsp;&nbsp; Household Products | 1.3<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; elf Beauty, Inc.<sup>(a)</sup> <br>|  | 3526 | &nbsp;&nbsp; 438775 |
| &nbsp;&nbsp;&nbsp;&nbsp; Industrial Intermediate Products | 2.0<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Valmont Industries, Inc. |  | 2029 | &nbsp;&nbsp; 662611 |
| &nbsp;&nbsp;&nbsp;&nbsp; Insurance | 4.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hanover Insurance Group (The), Inc. |  | 3922 | &nbsp;&nbsp; 666230 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Palomar Holdings, Inc.<sup>(a)</sup> <br>|  | 2473 | &nbsp;&nbsp; 381461 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reinsurance Group of America, Inc. |  | 2731 | &nbsp;&nbsp; 541721 |
|  |  |  | &nbsp;&nbsp; 1589412 |
| &nbsp;&nbsp;&nbsp;&nbsp; Leisure Facilities & Services | 4.3<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cava Group, Inc.<sup>(a)</sup> <br>|  | 4005 | &nbsp;&nbsp; 337341 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Domino's Pizza, Inc. |  | 1467 | &nbsp;&nbsp; 661030 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; InterContinental Hotels Group PLC - ADR |  | 3987 | &nbsp;&nbsp; 459861 |
|  |  |  | &nbsp;&nbsp; 1458232 |
| &nbsp;&nbsp;&nbsp;&nbsp; Machinery | 4.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lincoln Electric Holdings, Inc. |  | 3566 | &nbsp;&nbsp; 739303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Middleby (The) Corp.<sup>(a)</sup> <br>|  | 2000 | &nbsp;&nbsp; 288000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MSA Safety, Inc. |  | 3292 | &nbsp;&nbsp; 551509 |
|  |  |  | &nbsp;&nbsp; 1578812 |
| &nbsp;&nbsp;&nbsp;&nbsp; Medical Equipment & Devices | 6.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exact Sciences Corp.<sup>(a)</sup> <br>|  | 4320 | &nbsp;&nbsp; 229565 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Merit Medical Systems, Inc.<sup>(a)</sup> <br>|  | 8711 | &nbsp;&nbsp; 814304 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Omnicell, Inc.<sup>(a)</sup> <br>|  | 11506 | &nbsp;&nbsp; 338276 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Penumbra, Inc.<sup>(a)</sup> <br>|  | 1719 | &nbsp;&nbsp; 441147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TransMedics Group, Inc.<sup>(a)</sup> <br>|  | 2853 | &nbsp;&nbsp; 382331 |
|  |  |  | &nbsp;&nbsp; 2205623 |
| &nbsp;&nbsp;&nbsp;&nbsp; Publishing & Broadcasting | 2.0<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York Times (The) Co. - Class A |  | 12383 | &nbsp;&nbsp; 693200 |
| &nbsp;&nbsp;&nbsp;&nbsp; Real Estate Investment Trusts | 4.7<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Camden Property Trust |  | 2333 | &nbsp;&nbsp; 262906 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CubeSmart |  | 7337 | &nbsp;&nbsp; 311822 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EastGroup Properties, Inc. |  | 2753 | &nbsp;&nbsp; 460081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Federal Realty Investment Trust |  | 3145 | &nbsp;&nbsp; 298744 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lamar Advertising Co. - Class A |  | 2128 | &nbsp;&nbsp; 258254 |
|  |  |  | &nbsp;&nbsp; 1591807 |
| &nbsp;&nbsp;&nbsp;&nbsp; Real Estate Services | 1.8<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jones Lang LaSalle, Inc.<sup>(a)</sup> <br>|  | 2438 | &nbsp;&nbsp; 623592 |

---

------

**TRILLIUM ESG SMALL/MID CAP FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 2025 (Unaudited)** 

------

---

| | | | |
|:---|:---|:---|:---|
|  | **Percentage**<br> **of Net**<br> **Assets**<br>| **Shares** | **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Renewable Energy | 1.3<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; First Solar, Inc.<sup>(a)</sup> <br>|  | 2689 | &nbsp;&nbsp; $445137 |
| &nbsp;&nbsp;&nbsp;&nbsp; Retail - Consumer Staples | 2.0<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BJ's Wholesale Club Holdings, Inc.<sup>(a)</sup> <br>|  | 6255 | &nbsp;&nbsp; 674477 |
| &nbsp;&nbsp;&nbsp;&nbsp; Retail - Discretionary | 3.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Burlington Stores, Inc.<sup>(a)</sup> <br>|  | 2543 | &nbsp;&nbsp; 591603 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freshpet, Inc.<sup>(a)</sup> <br>|  | 3800 | &nbsp;&nbsp; 258248 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ulta Beauty, Inc.<sup>(a)</sup> <br>|  | 818 | &nbsp;&nbsp; 382677 |
|  |  |  | &nbsp;&nbsp; 1232528 |
| &nbsp;&nbsp;&nbsp;&nbsp; Semiconductors | 4.9<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allegro MicroSystems, Inc.<sup>(a)</sup> <br>|  | 25829 | &nbsp;&nbsp; 883093 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SiTime Corp.<sup>(a)</sup> <br>|  | 3748 | &nbsp;&nbsp; 798624 |
|  |  |  | &nbsp;&nbsp; 1681717 |
| &nbsp;&nbsp;&nbsp;&nbsp; Software | 8.1<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Confluent, Inc. - Class A<sup>(a)</sup> <br>|  | 12295 | &nbsp;&nbsp; 306514 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CyberArk Software Ltd.<sup>(a)</sup> <br>|  | 2513 | &nbsp;&nbsp; 1022489 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dynatrace, Inc.<sup>(a)</sup> <br>|  | 13903 | &nbsp;&nbsp; 767585 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Paylocity Holding Corp.<sup>(a)</sup> <br>|  | 3631 | &nbsp;&nbsp; 657901 |
|  |  |  | &nbsp;&nbsp; 2754489 |
| &nbsp;&nbsp;&nbsp;&nbsp; Specialty Finance | 3.2<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ally Financial, Inc. |  | 10325 | &nbsp;&nbsp; 402159 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jack Henry & Associates, Inc. |  | 3789 | &nbsp;&nbsp; 682664 |
|  |  |  | &nbsp;&nbsp; 1084823 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transportation & Logistics | 1.5<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JB Hunt Transport Services, Inc. |  | 3607 | &nbsp;&nbsp; 517965 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transportation Equipment | 1.6<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Westinghouse Air Brake Technologies Corp. |  | 2590 | &nbsp;&nbsp; 542216 |
| TOTAL COMMON STOCKS (Cost $29,582,053) |  |  | &nbsp;&nbsp; 33548895 |
| SHORT-TERM INVESTMENTS | 1.3<br> %<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Northern Institutional Treasury Portfolio (Premier Class), 4.16%<sup>(b)</sup> <br>|  | 447051 | &nbsp;&nbsp; 447051 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $447,051) |  |  | &nbsp;&nbsp; 447051 |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS<br> (Cost $30,029,104)<br>| 100.0<br> %<br>|  | &nbsp;&nbsp; 33995946 |
| NET OTHER ASSETS (LIABILITIES) | (0.0<br> %)<br>|  | &nbsp;&nbsp; (7881)<br>|
| NET ASSETS | 100.0<br> %<br>|  | &nbsp;&nbsp; $33988065 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup>Non-income producing security. <br> <sup>(b)</sup>7-day current yield as of June 30, 2025 is disclosed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Abbreviations: <br> ADR – American Depositary Receipt

------

**TRILLIUM ESG SMALL/MID CAP FUND**

**SCHEDULE OF INVESTMENTS**

**June 30, 2025 (Unaudited)** 

------

At June 30, 2025 the industry sectors (excluding short-term investments) for the Trillium ESG Small/Mid Cap Fund were:

---

| | |
|:---|:---|
| **Sector Allocation** | **% of Net Assets** |
| Industrials  | 19.8% |
| Financials  | 17.3  |
| Information Technology  | 16.1  |
| Consumer Discretionary  | 11.8  |
| Health Care  | 11.0  |
| Consumer Staples  | &nbsp;&nbsp; 7.6  |
| Real Estate  | &nbsp;&nbsp; 6.5  |
| Materials  | &nbsp;&nbsp; 4.6  |
| Communication Services  | &nbsp;&nbsp; 2.1  |
| Utilities  | &nbsp;&nbsp; 1.9  |
| Total | &nbsp;&nbsp; 98.7% |

---

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Perpetual Americas Funds Trust

- **b. Investment Company Act file number:** 811-23615

- **c. CIK number of Registrant:** 0001830437

- **d. LEI of Registrant:** 549300T1VINOEO8DGR87

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1 Congress Street, Suite 3101

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02114

  - **Telephone number:** 617-993-0716

**Item A.2. Information about the Series.**

- **a. Name of Series:** Trillium ESG Global Equity Fund

- **b. EDGAR series identifier (if any):** S000081438

- **c. LEI of Series:** 5493000KWXEYLGLZY347

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $829981034.26

**Total Liabilities:** $955622.25

**Net Assets:** $829025412.01

**Cash Not Reported:** $126289.58

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000244332 | 2.57%                | 5.99%                | 3.60%                |
| Class ID C000244333 | 2.53%                | 5.96%                | 3.60%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4681462.37              | $13084021.31                               |
| Month 2  | $0.00                    | $44023497.52                               |
| Month 3  | $11588927.82             | $17267909.47                               |

### Schedule of Portfolio Investments

| Name                                           | Title                                                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Union Pacific Corporation                      | Union Pacific Corporation COM USD2.50                                     | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |     24866 | NS      | $5721169.28   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Incorporated            | Vertex Pharmaceuticals Incorporated COM USD0.01                           | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |     18387 | NS      | $8185892.40   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc                               | Merck & Co., Inc COM USD0.50                                              | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     84149 | NS      | $6661234.84   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA Group Ltd, Hong Kong                       | AIA Group Ltd, Hong Kong NPV                                              | CUSIP: Y002A1105<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |    684249 | NS      | $6136488.72   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                                | AstraZeneca PLC ORD USD0.25                                               | CUSIP: G0593M107<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |     70081 | NS      | $9735104.89   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Nestle SA                                      | Nestle SA CHF0.10 (REGD)                                                  | CUSIP: H57312649<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |    109014 | NS      | $10830642.91  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corporation                     | American Tower Corporation COM USD0.01                                    | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |     27156 | NS      | $6002019.12   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Jones Lang LaSalle Incorporated                | Jones Lang LaSalle Incorporated COM USD0.01                               | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |     24080 | NS      | $6159182.40   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc                   | Thermo Fisher Scientific Inc COM USD1                                     | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |     14331 | NS      | $5810647.26   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Compagnie Generale des Etablissements Michelin | Compagnie Generale des Etablissements Michelin EUR0.50 (POST SUBDIVISION) | CUSIP: F61824870<br>LEI: 549300SOSI58J6VIW052 | Long             | EC               | CORP              | FR        |    262851 | NS      | $9765583.86   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Kerry Group PLC                                | Kerry Group PLC 'A'ORD EUR0.125                                           | CUSIP: G52416107<br>LEI: 635400TLVVBNXLFHWC59 | Long             | EC               | CORP              | IE        |     86112 | NS      | $9509591.11   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric SE                          | Schneider Electric SE EUR4.00                                             | CUSIP: F86921107<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |     24145 | NS      | $6422114.41   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Institutional Funds                   | Northern Institutional Funds TREAS PRT PRMR                               | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |   2468682 | NS      | $2468681.55   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Financiero Banorte S.A.B. de C.V.        | Grupo Financiero Banorte S.A.B. de C.V. COM NPV SERIES O                  | CUSIP: P49501201<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    547034 | NS      | $5000254.29   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Aviva PLC                                      | Aviva PLC ORD GBP0.328947368                                              | CUSIP: G0683Q158<br>LEI: YF0Y5B0IB8SM0ZFG9G81 | Long             | EC               | CORP              | GB        |    744646 | NS      | $6329080.81   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Novo Nordisk A/S                               | Novo Nordisk A/S SER'B'DKK0.1                                             | CUSIP: K72807140<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |    128579 | NS      | $8924148.95   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| KBC Group NV                                   | KBC Group NV NPV                                                          | CUSIP: B5337G162<br>LEI: 213800X3Q9LSAKRUWY91 | Long             | EC               | CORP              | BE        |     80092 | NS      | $8270228.25   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| L'Oreal S.A.                                   | L'Oreal S.A. EUR0.20                                                      | CUSIP: F58149133<br>LEI: 529900JI1GG6F7RKVI53 | Long             | EC               | CORP              | FR        |     25520 | NS      | $10915253.09  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| BYD Co Ltd.                                    | BYD Co Ltd. 'H'CNY1                                                       | CUSIP: Y1023R104<br>LEI: 5299005557VL7ULJ7A69 | Long             | EC               | CORP              | CN        |    321939 | NS      | $5023920.85   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Cochlear Ltd                                   | Cochlear Ltd ORD NPV                                                      | CUSIP: Q25953102<br>LEI: 5493001OLLWY8KV5UC08 | Long             | EC               | CORP              | AU        |     33372 | NS      | $6598359.63   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Daiwa House Industry Co Ltd.                   | Daiwa House Industry Co Ltd. NPV                                          | CUSIP: J11508124<br>LEI: 353800K9WXR9XRZJZI46 | Long             | EC               | CORP              | JP        |    138329 | NS      | $4758736.61   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Companies, Inc.                      | Travelers Companies, Inc. COM NPV                                         | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |     26109 | NS      | $6985201.86   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| HOYA Corp.                                     | HOYA Corp. NPV                                                            | CUSIP: J22848105<br>LEI: 353800X4VR3BHEUCJB42 | Long             | EC               | CORP              | JP        |     45804 | NS      | $5456530.12   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Prysmian S.p.A.                                | Prysmian S.p.A. NPV                                                       | CUSIP: T7630L105<br>LEI: 529900X0H1IO3RS1A464 | Long             | EC               | CORP              | IT        |    152004 | NS      | $10750349.69  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Denso Corp.                                    | Denso Corp. NPV                                                           | CUSIP: J12075107<br>LEI: 549300RYPA10CQM3QK38 | Long             | EC               | CORP              | JP        |    366434 | NS      | $4963227.09   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Liquide S.A.(L')                           | Air Liquide S.A.(L') EUR5.50                                              | CUSIP: F01764103<br>LEI: 969500MMPQVHK671GT54 | Long             | EC               | CORP              | FR        |     53591 | NS      | $11056154.46  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| The Bank of New York Mellon Corp.              | The Bank of New York Mellon Corp. COM USD0.01                             | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |    140488 | NS      | $12799861.68  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica Inc.                       | Lululemon Athletica Inc. COM USD0.005                                     | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |     22902 | NS      | $5441057.16   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercadolibre Inc                               | Mercadolibre Inc COM USD0.001                                             | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      4450 | NS      | $11630653.50  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Roche Holding AG                               | Roche Holding AG GENUSSCHEINE NPV                                         | CUSIP: H69293217<br>LEI: 549300U41AUUVOAAOB37 | Long             | EP               | CORP              | CH        |     18060 | NS      | $5881535.07   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Mitsui Trust Group Inc.               | Sumitomo Mitsui Trust Group Inc. NPV                                      | CUSIP: J7772M102<br>LEI: 353800P843RLCDBLNT17 | Long             | EC               | CORP              | JP        |    331099 | NS      | $8826700.89   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                       | Visa Inc COM STK USD0.0001                                                | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     57517 | NS      | $20421410.85  | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc                         | Palo Alto Networks Inc COM USD0.0001                                      | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |     31408 | NS      | $6427333.12   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services, Inc.                          | Quanta Services, Inc. COM USD0.00001                                      | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |     21855 | NS      | $8262938.40   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                                   | NVIDIA Corp. COM USD0.001                                                 | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    265668 | NS      | $41972887.32  | 5.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                                     | Apple Inc. COM USD0.00001                                                 | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    111108 | NS      | $22796028.36  | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc.                         | Applied Materials Inc. COM USD0.01                                        | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     34943 | NS      | $6397015.01   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                            | Cisco Systems, Inc. COM USD0.001                                          | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     76886 | NS      | $5334350.68   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Company                                | Deere & Company COM USD1                                                  | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |     14722 | NS      | $7485989.78   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc.                                    | Ecolab Inc. COM USD1                                                      | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |     35727 | NS      | $9626282.88   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Recruit Holdings Co Ltd.                       | Recruit Holdings Co Ltd. NPV                                              | CUSIP: J6433A101<br>LEI: 353800R2LRSMVVC4I806 | Long             | EC               | CORP              | JP        |     87224 | NS      | $5169659.66   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc                  | Intercontinental Exchange Inc COM USD0.01                                 | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     74530 | NS      | $13674019.10  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Industria De Diseno Textil SA                  | Industria De Diseno Textil SA EUR0.03 (POST SUBD)                         | CUSIP: E6282J125<br>LEI: 549300TTCXZOGZM2EY83 | Long             | EC               | CORP              | ES        |    126093 | NS      | $6562111.12   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Klabin S.A.                                    | Klabin S.A. UNITS (1 COM & 4 PRF)                                         | CUSIP: P60933135<br>LEI: 254900C8UYA6YUPSDU10 | Long             | EC               | CORP              | BR        |    754526 | NS      | $2562258.14   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Assa Abloy AB                                  | Assa Abloy AB SER'B'NPV                                                   | CUSIP: W0817X204<br>LEI: 549300YECS8HKCIMMB67 | Long             | EC               | CORP              | SE        |    200884 | NS      | $6268003.76   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Servicenow Inc                                 | Servicenow Inc COM USD0.001                                               | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |     12825 | NS      | $13185126.00  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc.                           | Elevance Health Inc. COM USD0.01                                          | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |     25520 | NS      | $9926259.20   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                                  | Alphabet Inc. CAP STK USD0.001 CL A                                       | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    196304 | NS      | $34594653.92  | 4.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Group PLC                              | Compass Group PLC ORD GBP0.1105                                           | CUSIP: G23296208<br>LEI: 2138008M6MH9OZ6U2T68 | Long             | EC               | CORP              | GB        |    219206 | NS      | $7423033.48   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                         | Trane Technologies PLC COM USD1                                           | CUSIP: G8994E103<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |     22313 | NS      | $9759929.33   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| DnB Bank ASA                                   | DnB Bank ASA NOK12.50                                                     | CUSIP: R1R15X100<br>LEI: 549300GKFG0RYRRQ1414 | Long             | EC               | CORP              | NO        |    284117 | NS      | $7853145.64   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Credicorp Ltd.                                 | Credicorp Ltd. COM USD5                                                   | CUSIP: G2519Y108<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | BM        |     26828 | NS      | $5996594.56   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd.   | Taiwan Semiconductor Manufacturing Co., Ltd. SPON ADS REP 5 ORD TWD10     | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     75511 | NS      | $17102486.39  | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International, Inc.                   | Marriott International, Inc. COM USD0.01 CLASS A                          | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |     27613 | NS      | $7544147.73   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corp.                                   | Target Corp. COM STK USD0.0833                                            | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |     77933 | NS      | $7688090.45   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems, Inc.                   | Cadence Design Systems, Inc. COM USD0.01                                  | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |     31736 | NS      | $9779448.40   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc.                           | Gilead Sciences Inc. COM USD0.001                                         | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     64453 | NS      | $7145904.11   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                     | Intuit Inc COM USD0.01                                                    | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      9816 | NS      | $7731376.08   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Bank Ltd.                                 | HDFC Bank Ltd. SPON ADS EACH REP 3 ORD SHS                                | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |    100312 | NS      | $7690921.04   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| McCormick & Company, Incorporated              | McCormick & Company, Incorporated COM NPV                                 | CUSIP: 579780206<br>LEI: 549300JQQA6MQ4OJP259 | Long             | EC               | CORP              | US        |     99330 | NS      | $7531200.60   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                                | Microsoft Corp. COM USD0.00000625                                         | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     98741 | NS      | $49114760.81  | 5.92%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group Inc.              | PNC Financial Services Group Inc. COM USD5                                | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |     52937 | NS      | $9868515.54   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corporation                   | Costco Wholesale Corporation COM USD0.01                                  | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      4057 | NS      | $4016186.58   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.                                  | Netflix, Inc. COM USD0.001                                                | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |     10731 | NS      | $14370204.03  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp.                                | Starbucks Corp. COM USD0.001                                              | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |     56012 | NS      | $5132379.56   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corporation                            | Stryker Corporation COM USD0.10                                           | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |     15639 | NS      | $6187257.57   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| The TJX Companies Inc.                         | The TJX Companies Inc. COM USD1                                           | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |    112090 | NS      | $13841994.10  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Company, Inc.             | American Water Works Company, Inc. COM USD0.01                            | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |     68902 | NS      | $9584957.22   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                                  | Accenture PLC CLS'A'USD0.0000225                                          | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |     28268 | NS      | $8449022.52   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology S.A.                        | Spotify Technology S.A. COM EUR0.000625                                   | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |     15900 | NS      | $12200706.00  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                         | SAP SE ORD NPV                                                            | CUSIP: D66992104<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |     21920 | NS      | $6665604.94   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Chipotle Mexican Grill Inc                     | Chipotle Mexican Grill Inc COM USD0.01                                    | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    152790 | NS      | $8579158.50   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc.                                  | Prologis Inc. COM USD0.01                                                 | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |     74138 | NS      | $7793386.56   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Rightmove PLC                                  | Rightmove PLC ORD GBP0.001                                                | CUSIP: G7565D106<br>LEI: 2138001JXGCFKBXYB828 | Long             | EC               | CORP              | GB        |    737383 | NS      | $7981963.30   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Allianz SE                                     | Allianz SE NPV(REGD)(VINKULIERT)                                          | CUSIP: D03080112<br>LEI: 529900K9B0N5BT694847 | Long             | EC               | CORP              | DE        |     26893 | NS      | $10900610.34  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens AG                                     | Siemens AG NPV(REGD)                                                      | CUSIP: D69671218<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |     42532 | NS      | $10904389.80  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Infineon Technologies AG                       | Infineon Technologies AG ORD NPV (REGD)                                   | CUSIP: D35415104<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |    292100 | NS      | $12426421.11  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| TERNA - Rete Elettrica Nazionale S.p.A.        | TERNA - Rete Elettrica Nazionale S.p.A. ORD EUR0.22                       | CUSIP: T9471R100<br>LEI: 8156009E94ED54DE7C31 | Long             | EC               | CORP              | IT        |    682614 | NS      | $7016447.67   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                                | First Solar Inc COM STK USD0.001                                          | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |     47047 | NS      | $7788160.38   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding N.V.                              | ASML Holding N.V. EUR0.09                                                 | CUSIP: N07059202<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      9816 | NS      | $7834924.90   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever PLC                                   | Unilever PLC ORD GBP0.031111                                              | CUSIP: G92087165<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |    220776 | NS      | $13460866.57  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Brambles Ltd.                                  | Brambles Ltd. NPV                                                         | CUSIP: Q6634U106<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    575824 | NS      | $8875678.41   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Kurita Water Industries Ltd.                   | Kurita Water Industries Ltd. NPV                                          | CUSIP: J37221116<br>LEI: 52990086GS2ON69UMX34 | Long             | EC               | CORP              | JP        |    142058 | NS      | $5620960.97   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Sika AG                                        | Sika AG CHF0.01 (REG)                                                     | CUSIP: H7631K273<br>LEI: 549300R3N69ECGYPU434 | Long             | EC               | CORP              | CH        |     26828 | NS      | $7283069.13   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlas Copco AB                                 | Atlas Copco AB SER'A'NPV                                                  | CUSIP: W1R924252<br>LEI: 213800T8PC8Q4FYJZR07 | Long             | EC               | CORP              | SE        |    359236 | NS      | $5803805.41   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferguson Enterprises Inc                       | Ferguson Enterprises Inc COMMON STOCK NEW                                 | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |     35793 | NS      | $7821697.15   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-21

**Name of Applicant:** Perpetual Americas Funds Trust

**Signature:** John Stanziani

**Name of Signer:** John Stanziani

**Title:** Treasurer