Boston Common ESG Impact International Fund | ||||||
Schedule of Investments | ||||||
June 30, 2023 (Unaudited) | ||||||
Shares | Value | |||||
COMMON STOCKS - 97.4% | ||||||
Communication Services - 4.3% | ||||||
166,300 | Cellnex Telecom SA | $ | 6,719,165 | |||
719,759 | Deutsche Telekom AG | 15,704,113 | ||||
22,423,278 | ||||||
Consumer Discretionary - 10.1% | ||||||
68,020 | Alibaba Group Holding Ltd. - ADR 1 | 5,669,467 | ||||
984,016 | Barratt Developments PLC | 5,171,724 | ||||
187,538 | Burberry Group PLC | 5,060,441 | ||||
208,000 | BYD Company Ltd. - Class H | 6,669,449 | ||||
289,660 | Industria de Diseno Textil SA | 11,235,303 | ||||
25,933 | Shimano, Inc. | 4,341,375 | ||||
77,961 | Sony Group Corp. | 7,037,556 | ||||
173,430 | Yamaha Corp. | 6,680,668 | ||||
51,865,983 | ||||||
Consumer Staples - 12.3% | ||||||
313,088 | Essity AB - Class B | 8,338,058 | ||||
86,937 | Kerry Group PLC - Class A | 8,485,340 | ||||
406,441 | Koninklijke Ahold Delhaize NV | 13,856,837 | ||||
26,200 | L’Oreal SA | 12,221,704 | ||||
121,457 | Shiseido Company Ltd. | 5,505,613 | ||||
284,079 | Unilever NV - ADR | 14,809,038 | ||||
63,216,590 | ||||||
Financials - 18.8% | ||||||
891,350 | AIA Group Ltd. | 9,052,996 | ||||
345,516 | AXA SA | 10,210,478 | ||||
31,995 | Hannover Rück SE | 6,792,506 | ||||
963,651 | ING Groep NV | 12,991,587 | ||||
11,744,921 | Lloyds Banking Group PLC | 6,510,794 | ||||
85,347 | Macquarie Group Ltd. | 10,155,280 | ||||
563,747 | ORIX Corp. | 10,280,602 | ||||
1,587,665 | Oversea-Chinese Banking Corp. Ltd. | 14,442,970 | ||||
16,965,546 | PT Bank Rakyat Indonesia (Persero) Tbk. | 6,193,979 | ||||
234,505 | Sampo Oyj - Class A | 10,532,219 | ||||
97,163,411 | ||||||
Health Care - 15.4% | ||||||
104,449 | AstraZeneca PLC | 14,973,241 | ||||
37,808 | BioNTech SE - ADR 1 | 4,080,617 | ||||
2,368,591 | ConvaTec Group PLC | 6,177,465 | ||||
112,453 | Dechra Pharmaceuticals PLC | 5,266,017 | ||||
84,517 | Eisai Company Ltd. | 5,728,062 | ||||
67,724 | Hoya Corp. | 8,104,278 | ||||
109,364 | Novartis AG - ADR | 11,035,921 | ||||
57,040 | Novo Nordisk A/S - Class B | 9,214,233 | ||||
391,961 | Roche Holding Ltd. - ADR | 14,972,910 | ||||
79,552,744 | ||||||
Industrials - 17.9% | ||||||
356,366 | Assa Abloy AB - Class B | 8,565,957 | ||||
680,782 | Atlas Copco AB - Class B | 8,488,319 | ||||
63,471 | Daikin Industries | 13,005,544 | ||||
1 | Ferguson PLC | 158 | ||||
193,037 | Kurita Water Industries Ltd. | 7,411,151 | ||||
232,676 | Prysmian SpA | 9,731,393 | ||||
291,850 | Rexel SA | 7,212,778 | ||||
89,115 | Schneider Electric SE | 16,190,161 | ||||
49,981 | Spirax-Sarco Engineering PLC | 6,587,719 | ||||
265,351 | Vestas Wind Systems A/S | 7,054,974 | ||||
397,688 | Volvo AB - Class B | 8,230,163 | ||||
92,478,317 | ||||||
Information Technology - 8.7% | ||||||
326,632 | Infineon Technologies AG | 13,451,475 | ||||
20,824 | Keyence Corp. | 9,894,663 | ||||
80,306 | SAP SE - ADR | 10,986,664 | ||||
158,089 | TDK Corp. | 6,166,238 | ||||
115,918 | Worldline SA 1 | 4,244,932 | ||||
44,743,972 | ||||||
Materials - 3.3% | ||||||
100,478 | Croda International PLC | 7,182,640 | ||||
43,970 | DSM-Firmenich AG | 4,731,806 | ||||
9,910 | LG Chem Ltd. | 5,044,803 | ||||
16,959,249 | ||||||
Real Estate - 2.1% | ||||||
3,137,416 | Hang Lung Properties Ltd. | 4,855,044 | ||||
3,895,959 | Mirvac Group - REIT | 5,883,299 | ||||
10,738,343 | ||||||
Utilities - 4.5% | ||||||
85,499 | Orsted A/S | 8,105,504 | ||||
645,475 | SSE PLC | 15,136,481 | ||||
23,241,985 | ||||||
TOTAL COMMON STOCKS (Cost $445,747,100) | 502,383,872 | |||||
SHORT-TERM INVESTMENTS - 2.3% | ||||||
Money Market Funds - 2.3% | ||||||
11,794,009 | First American Treasury Obligations Fund - Class X, 5.035% 2 | 11,794,009 | ||||
TOTAL SHORT-TERM INVESTMENTS (Cost $11,794,009) | 11,794,009 | |||||
TOTAL INVESTMENTS - 99.7% (Cost $457,541,109) | 514,177,881 | |||||
Other Assets in Excess of Liabilities - 0.3% | 1,674,269 | |||||
NET ASSETS - 100.0% | $ | 515,852,150 |
ADR | American Depositary Receipt | ||
REIT | Real Estate Investment Trust | ||
1 | Non-income producing security. | ||
2 | Annualized seven-day effective yield as of June 30, 2023. | ||
The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor Financial Services, LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC. |
Country Allocation at June 30, 2023 (Unaudited) | ||
Country | % of Net Assets 1 | |
United Kingdom | 16.8% | |
Japan | 16.3% | |
Germany | 9.9% | |
France | 9.7% | |
Sweden | 6.5% | |
Switzerland | 6.0% | |
Netherlands | 5.2% | |
Denmark | 4.7% | |
Spain | 3.5% | |
Australia | 3.1% | |
Singapore | 2.8% | |
Hong Kong | 2.7% | |
China | 2.4% | |
Finland | 2.0% | |
Italy | 1.9% | |
Ireland | 1.7% | |
Indonesia | 1.2% | |
Republic of Korea | 1.0% | |
1 Excludes short-term investments and other assets in excess of liabilities. |
Boston Common ESG Impact International Fund | ||||
Summary of Fair Value Exposure at June 30, 2023 (Unaudited) | ||||
The Boston Common ESG Impact International Fund (the “Fund”) utilizes various methods to measure the fair value of its investments on a recurring basis. U.S. GAAP establishes a hierarchy that prioritizes inputs to valuation methods. The three levels of inputs are: | ||||
• Level 1 — Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access. • Level 2 — Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment spreads, credit risk, yield curves, default rates and similar data. • Level 3 — Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available. | ||||
The following is a summary of the inputs used to value the Fund’s investments as of June 30, 2023: |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks | |||||||||||||||
Communication Services | $ | - | $ | 22,423,278 | $ | - | $ | 22,423,278 | |||||||
Consumer Discretionary | 5,669,467 | 46,196,516 | - | 51,865,983 | |||||||||||
Consumer Staples | 14,809,038 | 48,407,552 | - | 63,216,590 | |||||||||||
Financials | - | 97,163,411 | - | 97,163,411 | |||||||||||
Health Care | 30,089,449 | 49,463,295 | - | 79,552,744 | |||||||||||
Industrials | - | 92,478,317 | - | 92,478,317 | |||||||||||
Information Technology | 10,986,664 | 33,757,308 | - | 44,743,972 | |||||||||||
Materials | 4,731,806 | 12,227,443 | - | 16,959,249 | |||||||||||
Real Estate | - | 10,738,343 | - | 10,738,343 | |||||||||||
Utilities | - | 23,241,985 | - | 23,241,985 | |||||||||||
Total Common Stocks | 66,286,424 | 436,097,448 | - | 502,383,872 | |||||||||||
Short-Term Investments | 11,794,009 | - | - | 11,794,009 | |||||||||||
Total Investments in Securities | $ | 78,080,433 | $ | 436,097,448 | $ | - | $ | 514,177,881 |