PORTFOLIO OF INVESTMENTS – as of March 31, 2020 (Unaudited)

Natixis Oakmark Fund

Shares		Description	Value (†)
	Common Stocks – 94.6% of Net Assets
		Air Freight & Logistics – 0.8%
	11,325	FedEx Corp.	$	1,373,269
		Auto Components – 1.3%
	36,700	Aptiv PLC		1,807,108
	64,266	Delphi Technologies PLC(a)		517,341
				2,324,449
		Automobiles – 3.1%
	365,000	Fiat Chrysler Automobiles NV		2,624,350
	151,900	General Motors Co.		3,156,482
				5,780,832
		Banks – 8.6%
	312,600	Bank of America Corp.		6,636,498
	138,100	Citigroup, Inc.		5,816,772
	118,745	Wells Fargo & Co.		3,407,981
				15,861,251
		Beverages – 2.3%
	29,900	Constellation Brands, Inc., Class A		4,286,464
		Biotechnology – 2.2%
	8,480	Regeneron Pharmaceuticals, Inc.(a)		4,140,699
		Capital Markets – 13.5%
	103,800	Bank of New York Mellon Corp. (The)		3,495,984
	155,900	Charles Schwab Corp. (The)		5,241,358
	19,865	Goldman Sachs Group, Inc. (The)		3,070,930
	20,535	Moody’s Corp.		4,343,153
	14,440	S&P Global, Inc.		3,538,522
	97,000	State Street Corp.		5,167,190
				24,857,137
		Consumer Finance – 6.4%
	264,100	Ally Financial, Inc.		3,810,963
	36,244	American Express Co.		3,102,849
	98,905	Capital One Financial Corp.		4,986,790
				11,900,602
		Electronic Equipment, Instruments & Components – 2.5%
	73,300	TE Connectivity Ltd.		4,616,434
		Entertainment – 3.6%
	17,765	Netflix, Inc.(a)		6,670,757
		Health Care Providers & Services – 5.7%
	65,485	CVS Health Corp.		3,885,225
	30,407	HCA Healthcare, Inc.		2,732,069

Shares		Description	Value (†)
	Common Stocks – continued
		Health Care Providers & Services – continued
	12,365	Humana, Inc.	$	3,882,857
				10,500,151
		Hotels, Restaurants & Leisure – 2.7%
	46,645	Hilton Worldwide Holdings, Inc.		3,183,055
	158,400	MGM Resorts International		1,869,120
				5,052,175
		Industrial Conglomerates – 1.9%
	440,800	General Electric Co.		3,499,952
		Insurance – 2.0%
	148,895	American International Group, Inc.		3,610,704
		Interactive Media & Services – 8.3%
	6,285	Alphabet, Inc., Class A(a)		7,302,856
	32,890	Facebook, Inc., Class A(a)		5,486,052
	28,736	Match Group, Inc.(a)		1,897,725
	39,541	Pinterest, Inc., Class A(a)		610,513
				15,297,146
		Internet & Direct Marketing Retail – 4.6%
	3,485	Booking Holdings, Inc.(a)		4,688,440
	86,011	eBay, Inc.		2,585,491
	199,200	Qurate Retail, Inc., Class A(a)		1,216,116
				8,490,047
		IT Services – 6.6%
	14,420	Automatic Data Processing, Inc.		1,970,926
	175,300	DXC Technology Co.		2,287,665
	30,165	Gartner, Inc.(a)		3,003,529
	9,790	MasterCard, Inc., Class A		2,364,872
	15,905	Visa, Inc., Class A		2,562,614
				12,189,606
		Machinery – 6.0%
	28,981	Caterpillar, Inc.		3,362,956
	26,560	Cummins, Inc.		3,594,099
	32,155	Parker-Hannifin Corp.		4,171,468
				11,128,523
		Media – 5.3%
	9,345	Charter Communications, Inc., Class A(a)		4,077,317
	165,000	Comcast Corp., Class A		5,672,700
				9,750,017
		Oil, Gas & Consumable Fuels – 3.1%
	188,500	Apache Corp.		787,930
	44,800	Concho Resources, Inc.		1,919,680
	41,000	Diamondback Energy, Inc.		1,074,200
	54,424	EOG Resources, Inc.		1,954,910
				5,736,720

Shares		Description	Value (†)
	Common Stocks – continued
		Semiconductors & Semiconductor Equipment – 2.6%
	44,900	Intel Corp.	$	2,429,988
	24,400	Texas Instruments, Inc.		2,438,292
				4,868,280
		Software – 0.7%
	10,398	Workday, Inc., Class A(a)		1,354,028
		Technology Hardware, Storage & Peripherals – 0.8%
	5,795	Apple, Inc.		1,473,611
		Total Common Stocks (Identified Cost $210,674,271)		174,762,854
Principal Amount
	Short-Term Investments – 5.4%
	$10,009,463	Tri-Party Repurchase Agreement with Fixed Income Clearing Corporation, dated 3/31/2020 at 0.000% to be repurchased at $10,009,463 on 4/01/2020 collateralized by $9,580,000 U.S Treasury Note, 2.500% due 3/31/2023 valued at $10,212,060 including accrued interest(b) (Identified Cost $10,009,463)		10,009,463
		Total Investments – 100.0% (Identified Cost $220,683,734)		184,772,317
		Other assets less liabilities – (0.0)%		(29,479	)
		Net Assets – 100.0%	$	184,742,838

(†) Fund securities and other investments are valued at market value based on market quotations obtained or determined by independent pricing services recommended by the adviser or subadviser and approved by the Board of Trustees. Fund securities and other investments for which market quotations are not readily available are valued at fair value as determined in good faith by the adviser or subadviser pursuant to procedures approved by the Board of Trustees, as described below. Market value is determined as follows:

Listed equity securities (including shares of closed-end investment companies and exchange-traded funds) are valued at the last sale price quoted on the exchange where they are traded most extensively or, if there is no reported sale during the day, the closing bid quotation as reported by an independent pricing service. Securities traded on the NASDAQ Global Select Market, NASDAQ Global Market and NASDAQ Capital Market are valued at the NASDAQ Official Closing Price (“NOCP”), or if lacking an NOCP, at the most recent bid quotations on the applicable NASDAQ Market. Unlisted equity securities (except unlisted preferred equity securities) are valued at the last sale price quoted in the market where they are traded most extensively or, if there is no reported sale during the day, the closing bid quotation as reported by an independent pricing service. If there is no last sale price or closing bid quotation available, unlisted equity securities will be valued using evaluated bids furnished by an independent pricing service, if available.

In some foreign markets, an official close price and a last sale price may be available from the foreign exchange or market. In those cases, the official close price is used.

Debt securities and unlisted preferred equity securities are valued based on evaluated bids furnished to the Fund by an independent pricing service or bid prices obtained from broker-dealers.

Broker-dealer bid prices may be used to value debt and unlisted equity securities where an independent pricing service is unable to price a security or where an independent pricing service does not provide a reliable price for the security.

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

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

(a) Non-income producing security.

(b) The Fund may enter into repurchase agreements, under the terms of a Master Repurchase Agreement, under which the Fund acquires securities as collateral and agrees to resell the securities at an agreed upon time and at an agreed upon price. It is the Fund’s policy that the market value of the collateral for repurchase agreements be at least equal to 102% of the repurchase price, including interest. Certain repurchase agreements are tri-party arrangements whereby the collateral is held in a segregated account for the benefit of the Fund and on behalf of the counterparty. Repurchase agreements could involve certain risks in the event of default or insolvency of the counterparty, including possible delays or restrictions upon the Fund’s ability to dispose of the underlying securities. As of March 31, 2020, the Fund had an investment in a repurchase agreement for which the value of the related collateral exceeded the value of the repurchase agreement.

Fair Value Measurements

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

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

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

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

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

The following is a summary of the inputs used to value the Fund’s investments as of March 31, 2020, at value:

Asset Valuation Inputs

Description	Level 1		Level 2		Level 3		Total
Common Stocks*	$	174,762,854	$	—	$	—	$	174,762,854
Short-Term Investments		—		10,009,463		—		10,009,463
Total	$	174,762,854	$	10,009,463	$	—	$	184,772,317

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

Industry Summary at March 31, 2020 (Unaudited)

Capital Markets	13.5	%
Banks	8.6
Interactive Media & Services	8.3
IT Services	6.6
Consumer Finance	6.4
Machinery	6.0
Health Care Providers & Services	5.7
Media	5.3
Internet & Direct Marketing Retail	4.6
Entertainment	3.6
Automobiles	3.1
Oil, Gas & Consumable Fuels	3.1
Hotels, Restaurants & Leisure	2.7
Semiconductors & Semiconductor Equipment	2.6
Electronic Equipment, Instruments & Components	2.5
Beverages	2.3
Biotechnology	2.2
Insurance	2.0
Other Investments, less than 2% each	5.5
Short-Term Investments	5.4
Total Investments	100.0
Other assets less liabilities	(0.0	)*
Net Assets	100.0	%

* Less than 0.1%