Mirova US LLC Long-Term Concentrated

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LOW	LOWES COS INC	981,128	$236,609	2.4%	$239.83	0.0%	COM	548661107
BSX	BOSTON SCIENTIFIC CORP	1,370,029	$130,632	1.3%	$98.04	0.0%	COM	101137107
VRT	VERTIV HOLDINGS CO	781,858	$126,669	1.3%	$173.58	0.0%	COM CL A	92537N108
GOOGL	ALPHABET INC	19,424	$6,080	0.1%	$285.60	0.0%	CAP STK CL A	02079K305
AAPL	APPLE INC	15,420	$4,192	0.0%	$268.34	0.0%	COM	037833100
AMZN	AMAZON COM INC	15,144	$3,496	0.0%	$228.79	0.0%	COM	023135106
META	META PLATFORMS INC	3,798	$2,507	0.0%	$667.32	0.0%	CL A	30303M102

Increased Positions (5)

AVGO BROADCOM INC 3.2%

Value ($000) $321,755 (+186.9%) Shares 929,660 (+173.5%) Est. Cost $338.25 Unrealized +5.5%

NDAQ NASDAQ INC 0.1%

Value ($000) $8,321 (+20.3%) Shares 85,671 (+9.6%) Est. Cost $82.10 Unrealized +9.3%

JCI JOHNSON CTLS INTL PLC 0.1%

Value ($000) $5,275 (+29.7%) Shares 44,049 (+19.1%) Est. Cost $95.82 Unrealized +19.8%

INTU INTUIT 0.0%

Value ($000) $3,825 (+15.5%) Shares 5,775 (+19.0%) Est. Cost $684.99 Unrealized -3.5%

CL COLGATE PALMOLIVE CO 0.0%

Value ($000) $2,681 (+17.7%) Shares 33,928 (+19.1%) Est. Cost $89.17 Unrealized -12.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AVGO	BROADCOM INC	929,660 (+173.5%)	$321,755 (+186.9%)	3.2%	$338.25	+5.5%	COM	11135F101
NDAQ	NASDAQ INC	85,671 (+9.6%)	$8,321 (+20.3%)	0.1%	$82.10	+9.3%	COM	631103108
JCI	JOHNSON CTLS INTL PLC	44,049 (+19.1%)	$5,275 (+29.7%)	0.1%	$95.82	+19.8%	SHS	G51502105
INTU	INTUIT	5,775 (+19.0%)	$3,825 (+15.5%)	0.0%	$684.99	-3.5%	COM	461202103
CL	COLGATE PALMOLIVE CO	33,928 (+19.1%)	$2,681 (+17.7%)	0.0%	$89.17	-12.2%	COM	194162103

Decreased Positions (30)

ROP ROPER TECHNOLOGIES INC 0.9%

Value ($000) $86,250 (-75.5%) Shares 193,763 (-72.5%) Est. Cost $415.81 Unrealized +11.1%

NVDA NVIDIA CORPORATION 9.8%

Value ($000) $980,133 (-17.4%) Shares 5,255,403 (-17.4%) Est. Cost $99.90 Unrealized +86.3%

MSFT MICROSOFT CORP 7.9%

Value ($000) $783,978 (-19.7%) Shares 1,621,063 (-14.0%) Est. Cost $289.34 Unrealized +73.0%

AWK AMERICAN WTR WKS CO INC NEW 1.0%

Value ($000) $102,027 (-54.9%) Shares 781,818 (-51.9%) Est. Cost $126.73 Unrealized +5.1%

ECL ECOLAB INC 3.8%

Value ($000) $377,410 (-24.5%) Shares 1,437,641 (-21.2%) Est. Cost $195.32 Unrealized +36.0%

ISRG INTUITIVE SURGICAL INC 3.0%

Value ($000) $302,509 (+23.3%) Shares 534,129 (-2.6%) Est. Cost $382.49 Unrealized +39.2%

TMO THERMO FISHER SCIENTIFIC INC 3.7%

Value ($000) $371,578 (+15.9%) Shares 641,259 (-3.0%) Est. Cost $443.99 Unrealized +27.3%

PANW PALO ALTO NETWORKS INC 3.1%

Value ($000) $307,216 (-12.1%) Shares 1,667,837 (-2.9%) Est. Cost $168.78 Unrealized +19.5%

FSLR FIRST SOLAR INC 2.3%

Value ($000) $232,254 (+15.5%) Shares 889,077 (-2.5%) Est. Cost $180.25 Unrealized +39.9%

XYL XYLEM INC 2.6%

Value ($000) $256,180 (-10.2%) Shares 1,881,190 (-2.7%) Est. Cost $111.27 Unrealized +29.0%

DHR DANAHER CORPORATION 2.5%

Value ($000) $250,638 (+12.2%) Shares 1,094,872 (-2.8%) Est. Cost $204.25 Unrealized +7.5%

TSM TAIWAN SEMICONDUCTOR MFG LTD 5.1%

Value ($000) $510,556 (+5.5%) Shares 1,680,068 (-3.0%) Est. Cost $92.63 Unrealized —

EBAY EBAY INC. 3.1%

Value ($000) $309,087 (-7.5%) Shares 3,548,645 (-3.5%) Est. Cost $46.59 Unrealized +85.4%

SHOP SHOPIFY INC 4.5%

Value ($000) $448,453 (+4.7%) Shares 2,785,943 (-3.3%) Est. Cost $86.36 Unrealized +85.9%

MA MASTERCARD INCORPORATED 5.7%

Value ($000) $569,043 (-2.7%) Shares 996,782 (-3.1%) Est. Cost $334.77 Unrealized +67.0%

EW EDWARDS LIFESCIENCES CORP 2.3%

Value ($000) $233,506 (+6.4%) Shares 2,739,071 (-2.9%) Est. Cost $79.61 Unrealized +3.1%

CRM SALESFORCE INC 1.7%

Value ($000) $168,101 (+8.9%) Shares 634,559 (-2.6%) Est. Cost $270.55 Unrealized -8.3%

WM WASTE MGMT INC DEL 3.1%

Value ($000) $311,866 (-3.4%) Shares 1,419,444 (-2.9%) Est. Cost $176.65 Unrealized +20.3%

VLTO VERALTO CORP 1.1%

Value ($000) $105,057 (-9.1%) Shares 1,052,890 (-2.9%) Est. Cost $80.85 Unrealized +24.9%

TJX TJX COS INC NEW 3.9%

Value ($000) $385,583 (+2.8%) Shares 2,510,145 (-3.3%) Est. Cost $122.82 Unrealized +20.3%

NEE NEXTERA ENERGY INC 3.0%

Value ($000) $298,819 (+3.2%) Shares 3,722,211 (-2.9%) Est. Cost $64.05 Unrealized +28.8%

ACN ACCENTURE PLC IRELAND 1.9%

Value ($000) $190,829 (+4.5%) Shares 711,254 (-3.9%) Est. Cost $323.33 Unrealized -21.4%

AGCO AGCO CORP 1.2%

Value ($000) $121,493 (-6.0%) Shares 1,164,618 (-3.5%) Est. Cost $114.71 Unrealized -7.6%

CP CANADIAN PACIFIC KANSAS CITY 1.5%

Value ($000) $149,419 (-4.2%) Shares 2,029,319 (-3.1%) Est. Cost $80.25 Unrealized -8.3%

WTS WATTS WATER TECHNOLOGIES INC 1.3%

Value ($000) $127,087 (-3.6%) Shares 460,428 (-2.4%) Est. Cost $133.71 Unrealized +106.3%

HUBB HUBBELL INC 2.1%

Value ($000) $212,622 (+1.8%) Shares 478,760 (-1.3%) Est. Cost $385.57 Unrealized +13.4%

BALL BALL CORP 1.3%

Value ($000) $133,274 (+2.8%) Shares 2,516,026 (-2.1%) Est. Cost $68.46 Unrealized -28.3%

WMS ADVANCED DRAIN SYS INC DEL 1.0%

Value ($000) $95,731 (+1.3%) Shares 660,992 (-3.0%) Est. Cost $136.79 Unrealized +5.8%

V VISA INC 2.7%

Value ($000) $270,997 (-0.3%) Shares 772,710 (-2.9%) Est. Cost $208.37 Unrealized +63.4%

ES EVERSOURCE ENERGY 0.0%

Value ($000) $3,638 (-10.8%) Shares 54,037 (-5.7%) Est. Cost $59.90 Unrealized +16.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ROP	ROPER TECHNOLOGIES INC	193,763 (-72.5%)	$86,250 (-75.5%)	0.9%	$415.81	+11.1%	COM	776696106
NVDA	NVIDIA CORPORATION	5,255,403 (-17.4%)	$980,133 (-17.4%)	9.8%	$99.90	+86.3%	COM	67066G104
MSFT	MICROSOFT CORP	1,621,063 (-14.0%)	$783,978 (-19.7%)	7.9%	$289.34	+73.0%	COM	594918104
AWK	AMERICAN WTR WKS CO INC NEW	781,818 (-51.9%)	$102,027 (-54.9%)	1.0%	$126.73	+5.1%	COM	030420103
ECL	ECOLAB INC	1,437,641 (-21.2%)	$377,410 (-24.5%)	3.8%	$195.32	+36.0%	COM	278865100
ISRG	INTUITIVE SURGICAL INC	534,129 (-2.6%)	$302,509 (+23.3%)	3.0%	$382.49	+39.2%	COM NEW	46120E602
TMO	THERMO FISHER SCIENTIFIC INC	641,259 (-3.0%)	$371,578 (+15.9%)	3.7%	$443.99	+27.3%	COM	883556102
PANW	PALO ALTO NETWORKS INC	1,667,837 (-2.9%)	$307,216 (-12.1%)	3.1%	$168.78	+19.5%	COM	697435105
FSLR	FIRST SOLAR INC	889,077 (-2.5%)	$232,254 (+15.5%)	2.3%	$180.25	+39.9%	COM	336433107
XYL	XYLEM INC	1,881,190 (-2.7%)	$256,180 (-10.2%)	2.6%	$111.27	+29.0%	COM	98419M100
DHR	DANAHER CORPORATION	1,094,872 (-2.8%)	$250,638 (+12.2%)	2.5%	$204.25	+7.5%	COM	235851102
TSM	TAIWAN SEMICONDUCTOR MFG LTD	1,680,068 (-3.0%)	$510,556 (+5.5%)	5.1%	$92.63	—	SPONSORED ADS	874039100
EBAY	EBAY INC.	3,548,645 (-3.5%)	$309,087 (-7.5%)	3.1%	$46.59	+85.4%	COM	278642103
SHOP	SHOPIFY INC	2,785,943 (-3.3%)	$448,453 (+4.7%)	4.5%	$86.36	+85.9%	CL A SUB VTG SHS	82509L107
MA	MASTERCARD INCORPORATED	996,782 (-3.1%)	$569,043 (-2.7%)	5.7%	$334.77	+67.0%	CL A	57636Q104
EW	EDWARDS LIFESCIENCES CORP	2,739,071 (-2.9%)	$233,506 (+6.4%)	2.3%	$79.61	+3.1%	COM	28176E108
CRM	SALESFORCE INC	634,559 (-2.6%)	$168,101 (+8.9%)	1.7%	$270.55	-8.3%	COM	79466L302
WM	WASTE MGMT INC DEL	1,419,444 (-2.9%)	$311,866 (-3.4%)	3.1%	$176.65	+20.3%	COM	94106L109
VLTO	VERALTO CORP	1,052,890 (-2.9%)	$105,057 (-9.1%)	1.1%	$80.85	+24.9%	COM SHS	92338C103
TJX	TJX COS INC NEW	2,510,145 (-3.3%)	$385,583 (+2.8%)	3.9%	$122.82	+20.3%	COM	872540109
NEE	NEXTERA ENERGY INC	3,722,211 (-2.9%)	$298,819 (+3.2%)	3.0%	$64.05	+28.8%	COM	65339F101
ACN	ACCENTURE PLC IRELAND	711,254 (-3.9%)	$190,829 (+4.5%)	1.9%	$323.33	-21.4%	SHS CLASS A	G1151C101
AGCO	AGCO CORP	1,164,618 (-3.5%)	$121,493 (-6.0%)	1.2%	$114.71	-7.6%	COM	001084102
CP	CANADIAN PACIFIC KANSAS CITY	2,029,319 (-3.1%)	$149,419 (-4.2%)	1.5%	$80.25	-8.3%	COM	13646K108
WTS	WATTS WATER TECHNOLOGIES INC	460,428 (-2.4%)	$127,087 (-3.6%)	1.3%	$133.71	+106.3%	CL A	942749102
HUBB	HUBBELL INC	478,760 (-1.3%)	$212,622 (+1.8%)	2.1%	$385.57	+13.4%	COM	443510607
BALL	BALL CORP	2,516,026 (-2.1%)	$133,274 (+2.8%)	1.3%	$68.46	-28.3%	COM	058498106
WMS	ADVANCED DRAIN SYS INC DEL	660,992 (-3.0%)	$95,731 (+1.3%)	1.0%	$136.79	+5.8%	COM	00790R104
V	VISA INC	772,710 (-2.9%)	$270,997 (-0.3%)	2.7%	$208.37	+63.4%	COM CL A	92826C839
ES	EVERSOURCE ENERGY	54,037 (-5.7%)	$3,638 (-10.8%)	0.0%	$59.90	+16.1%	COM	30040W108

Unchanged Positions (1)

LLY ELI LILLY & CO 4.1%

Value ($000) $412,972 Shares 384,274 Est. Cost $260.56 Unrealized +266.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LLY	ELI LILLY & CO	384,274	$412,972	4.1%	$260.56	+266.7%	COM	532457108