Fund Overview Fund Overview Call Us Advisors: 800.368.4410 Investors: 800.548.4539 Share Class I NAV | as of 01/16/2025 $39.09 +$0.15 (+0.39%) Morningstar | Style Box V B G L M S Growth of $10,000 (Hypothetical) Since Inception 12/30/1985 to 12/31/2024 = $366,502.97 From: To: 3YR 5YR 10YR INCEP. INCEP. 3YR 5YR 10YR INCEP. SEE ALL PERFORMANCE The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. For performance information through the most recent month-end please call 800.548.4539. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown. Returns for periods shorter than one year are not annualized. The MSCI All Country World Index replaced the Russell 3000® Growth Index as the Fund’s benchmark on March 19, 2021 because the Investment Manager and Subadviser believe the new benchmark is more representative of the Fund’s current investment strategies. Also, the previous secondary and tertiary benchmarks, the Russell 3000 Index and the S&P 500 Index, were removed. The benchmarks are provided for illustrative purposes only, are unmanaged, reflect reinvestment of income and dividends and do not reflect the impact of advisory fees. The Russell 3000 Growth Index is a widely unmanaged index of market activity based on the aggregate performance of a selected portfolio of publicly trade common stocks and we have included the results of such index to give you a perspective of the historical performance of the U.S. equity market. Read Important Investment Disclosures Objective A high-conviction, global equity portfolio seeking alpha-generating impact opportunities by investing in social and environmental solutions providers whose products and services can facilitate the transition to a more just, sustainable world. Why Consider Seeks to maximize total return by investing in a diversified portfolio of global equities Utilizes an ESG strategy to invest and engage with companies whose products & services enable the transition to a sustainable and just world A high conviction global equity portfolio of investments aligned with UN Sustainable Development Goals (SDG) Documents Fact Sheet Commentary Summary Prospectus Prospectus SAI Annual Financial Statements and Other Information Semi-Annual Financial Statements and Other Information 2023 Year End Distributions Estimates View All Documents Investment Style Boston Common Global Impact Fund has an Equity Income Objective, seeking to achieve income and capital appreciation. Large Mid Small Value Blend Growth Equity Objective Boston Common Global Impact Fund is categorized as Large-Blend. It invests in large-cap companies with medium risk. Morningstar Ratings Risk-adjusted returns as of 12/31/2024 Overall Rating (of 319) 3 Years (of 319) 5 Years (of 301) 10 Years (of 198) Category Global Large-Stock Blend Read Important Investment Disclosures Corné Biemans PARTNER AND PORTFOLIO MANAGER Corné is a member of the International/Global and U.S. Portfolio Construction teams. Before joining Boston Common, he was a senior global equity portfolio manager for BNP Paribas Investment Partners. Corné managed global equity mandates and the BNP Paribas (Fortis) Equity World Finance Fund for eight years, for which he received several Lipper awards. He started his career at Rabobank Group as an international economist in 1991. Four years later, he joined Fortis Investments as an international fixed income portfolio manager before moving to a position as equity analyst for European equities. Between 1999 and 2003 he was co-portfolio manager of global equity mutual fund Fortis OBAM. In 2003 he moved to Boston to help set up Fortis Investments’ global equities capabilities. Corné brings over 20 years of international investment experience to the firm. Corné earned a master’s degree in monetary economics from Tilburg University in the Netherlands. He is a member of the CFA Institute and the Boston Security Analysts Society. Matt Zalosh, CFA PARTNER AND CHIEF INVESTMENT OFFICER, INTERNATIONAL STRATEGIES Matt is the Chief Investment Officer of Boston Common’s international equity strategies. In this capacity, he works closely with analyst and portfolio construction teams to create internationally focused portfolios. He also communicates key aspects of these strategies, including ESG and impact criteria, security and sector positioning, macroeconomic outlook, and performance, with clients and prospects. On the research side, Matt currently serves as a healthcare analyst, where he focuses primarily on pharmaceuticals and biotech. He previously covered financial services. Matt is a member of Boston Common’s Board of Directors. From 1997 to 2001, Matt worked at Dodge & Cox in San Francisco, where he covered banks and REITs and helped the firm launch its international mutual fund. He began his career at State Street Research and Management in Boston in 1995. Matt received his AB cum laude in economics and international studies from Colby College and has an MA in international relations from Johns Hopkins’ School of Advanced International Studies (SAIS), where he specialized in emerging markets and worked on development consulting projects in Mexico and Ecuador. Matt has lived in Spain and has traveled extensively throughout Europe, Latin America, and Asia. Matt lives on Massachusetts’ North Shore with his wife and two daughters. He enjoys traveling, hiking, reading, and tennis and currently serves on the board of MicroLoan Foundation USA. Praveen Abichandani, CFA PARTNER AND PORTFOLIO MANAGER Praveen is a founding member of and current contributor to Boston Common’s international ESG strategy. He is also a part of the U.S. portfolio construction teams. He brings over 25 years of investment analysis experience in equity research, as well as in telecom- and media-related corporate development. Praveen uses this professional experience to help clients grow their assets while encouraging portfolio companies to incorporate greater ESG-integrated thoughtfulness into their operations. He is a member of BCAM’s Board of Directors. Before joining Boston Common, Praveen served as an equity analyst at Fidelity Investments, Citigroup Asset Management, and a hedge fund. While at Fidelity, Praveen managed the Select Industrial Equipment fund for two years and the Select Advisor Electronics fund for a year. At Citigroup, Praveen covered the global semiconductor industry. During his business development career at Cox Communications and GTE Wireless, Praveen worked extensively on projects in Mexico. He also worked in Japan and Germany early in his career. Praveen received his MBA from the University of Texas at Austin and his BS in chemical engineering from Osmania University in India. He is a CFA® charterholder. Beyond investing, Praveen enjoys spending time with his family, taking long walks, working out, reading, and streaming the occasional movie. Liz Su, CFA PARTNER AND PORTFOLIO MANAGER Liz is the lead portfolio manager of Boston Common’s Emerging Markets (EM) strategies. In this capacity, she works with analysts to create sustainability-focused EM portfolios, helps grow the firm’s EM research capabilities, oversees overall portfolio positioning, and communicates with clients and prospects. She also has research responsibilities focusing on the global consumer staples sector. With over 15 years of investment experience spanning EM and Global equities, fixed income, and quantitative research, Liz is passionate about investing in EM companies that can enable the transition to a more inclusive and sustainable future. Prior to joining Boston Common, Liz was an analyst and portfolio manager at Batterymarch Financial Management, where she most recently served as the head of Asia ex Japan on the Emerging Market Equities team. She played an instrumental role in launching an Asia ex Japan long-short fund and a Global Equity fund. She also gained asset allocation experience with Standish Mellon Asset Management. She began her career in economic and strategy consulting in 2000. Liz earned a BA in international finance from Wuhan University (China), an MA in economics from Tufts University, and an MBA from the MIT Sloan School of Management. She is a CFA® charterholder and a member of the Boston Security Analysts Society. Outside of investing, she volunteers as a Girl Scout troop leader and enjoys tennis, yoga, and traditional Chinese dance. Performance Performance Read Important Investment Disclosures Returns Trailing Returns Trailing Returns Monthly Quarterly Calendar Year Returns The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. For performance information through the most recent month-end, please call 800.548.4539. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the Fund inception date preceded the benchmark, the benchmark data will not be shown. Returns for periods shorter than one year are not annualized. The MSCI All Country World Index replaced the Russell 3000® Growth Index as the Fund’s benchmark on March 19, 2021 because the Investment Manager and Subadvisor believe the new benchmark is more representative of the Fund’s current investment strategies. Also, the previous secondary and tertiary benchmarks, the Russell 3000® Index and the S&P 500 Index, were removed. The benchmarks are provided for illustrative purposes only, are unmanaged, reflect reinvestment of income and dividends, and do not reflect the impact of advisory fees. The Russell 3000® Growth Index is a widely unmanaged index of market activity based on the aggregate performance of a selected portfolio of publicly trade common stocks and we have included the results of such index to give you a perspective of the historical performance of the U.S. equity market. Expense Ratios Gross Expense Ratio: 0.95% Net Expense Ratio: 0.93% Expense Cap Expiration Date: 02/01/2025 Distributions & Pricing Distributions Distributions Chart List Historical Pricing Calendar Year Distributions Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains Dec 16, 2024 $0.451900 $0.451900 — — Dec 14, 2023 $0.238500 $0.238500 — — Dec 15, 2022 $0.160300 $0.160300 — — Dec 15, 2021 $0.291100 $0.095200 — $0.195900 Mar 24, 2021 $20.283200 — $16.488200 $3.795000 Dec 16, 2020 $8.642900 — $0.259400 $8.383500 Dec 16, 2019 $5.357400 — — $5.357400 Oct 30, 2008 $0.114500 — $0.114500 — Dec 28, 2007 $0.806360 — $0.196940 $0.609420 Oct 30, 2007 $4.416160 — $1.642140 $2.774020 Dec 28, 2006 $0.179100 — — $0.179100 Oct 26, 2006 $0.067520 — — $0.067520 Oct 27, 2000 $16.106670 — $6.505760 $9.600910 Dec 21, 1999 $1.643040 — $0.245000 $1.398040 Oct 27, 1999 $1.477710 — — $1.477710 Oct 26, 1998 $0.337585 $0.264391 — $0.073194 Oct 27, 1997 $7.023427 — $2.660094 $4.363333 Dec 27, 1996 $0.278871 — $0.221060 $0.057811 Oct 25, 1996 $1.068505 — $0.125950 $0.942555 Oct 26, 1995 $3.844860 — $3.101620 $0.743240 Oct 25, 1994 $1.452550 — — $1.452550 Dec 30, 1993 $0.225000 — $0.063000 $0.162000 Oct 25, 1993 $2.647630 — $1.369810 $1.277820 Dec 30, 1992 $0.285200 — — $0.285200 Oct 23, 1992 $0.267010 $0.010630 — $0.256380 Dec 30, 1991 $0.110000 $0.030000 $0.065000 $0.015000 Oct 24, 1991 $2.132950 $0.097100 $1.083850 $0.952000 Dec 28, 1990 $0.170000 $0.170000 — — Oct 24, 1990 $1.106300 $0.110250 — $0.996050 Dec 28, 1989 $0.170000 — $0.165000 $0.005000 Oct 24, 1989 $0.546000 $0.033400 — $0.512600 Oct 24, 1988 $0.038000 $0.038000 — — Dec 29, 1987 $0.018700 — — $0.018700 Oct 23, 1987 $0.862600 — — $0.862600 Oct 23, 1986 $0.029520 $0.029520 — — From: To: Risk & Return Statistics As of: 12/31/2024 3YR 5YR 10YR Alpha Alpha is a measure of performance on a risk-adjusted basis. Alpha takes the volatility (price risk) of a security or mutual fund and compares its risk-adjusted performance to a benchmark index. The excess return of the security or fund relative to the return of the benchmark index is a fund's alpha. -9.96 -4.77 -1.55 Standard Deviation Standard Deviation is a measure of the dispersion of a set of data from its mean. The more spread apart the data, the higher the deviation. Standard deviation is calculated as the square root of variance. 21.04 20.97 18.07 Sharpe Ratio Sharpe Ratio is a risk-adjusted measure developed by William Sharpe. It is calculated using standard deviation and excess return to determine reward per unit of risk. First, the average monthly return of the 90-day Treasury bill (over a 36-month period) is subtracted from the portfolio's average monthly return. The difference in total return represents the portfolio's excess return beyond that of the 90-day Treasury bill, a risk-free investment. An arithmetic annualized excess return is then calculated by multiplying this monthly return by 12. To show a relationship between excess return and risk, this number is then divided by the standard deviation of the portfolio's annualized excess returns. The higher the Sharpe ratio, the better the portfolio's historical risk-adjusted performance. -0.40 0.15 0.34 Upside Capture Ratio (%) Upside Capture Ratio (%) is a measure of a manager's performance in up markets relative to a particular benchmark. An up market is one in which the market's quarterly (or monthly) return is greater than or equal to zero. For example, a ratio of 50% means that the portfolio's value increased half as much as its benchmark index during up markets. 100.98 108.65 116.00 Downside Capture Ratio (%) Downside Capture Ratio (%) measures a manager's performance in down markets relative to a particular benchmark. A down market is one in which the market's quarterly (or monthly) return is less than zero. For example, a ratio of 50% means that the portfolio's value fell half as much as its benchmark index during down markets. 128.25 113.48 105.61 Beta Beta measures the relationship between the portfolio's excess return over T-bills (representing a risk-free rate) relative to the excess return of the portfolio's benchmark. A low beta does not imply that the portfolio has a low level of volatility; rather, a low beta means that the portfolio's market-related risk is low. Beta is often referred to as systematic risk. 1.24 1.13 1.09 R-Squared R-Squared ranges from 0 to 100 and reflects the percentage of a portfolio's movements that are explained by movements in its benchmark index. A portfolio with an R-squared of 100 means that all movement is completely explained by benchmark index movement. Thus, a portfolio that invests only in S&P 500 stocks will have an R-squared very close to 100. Conversely, a low R-squared indicates that very little of the portfolio's movement is explained by benchmark movement. An R-squared measure of 35, for example, means that movements in its benchmark index can explain only 35% of the portfolio's movements. R-squared is used to ascertain the significance of a particular beta or alpha and generally a higher R-squared will indicate more useful alpha and beta figures. 91.59 86.82 80.16 Tracking Error (%) Tracking Error (%) , which is often referred to as the active risk of the portfolio, measures how closely a manager's returns track the returns of a benchmark index. Specifically, tracking error measures the standard deviation of the excess returns a portfolio generates compared to its benchmark. This gives an indication of the volatility of a portfolio versus its benchmark. If a manager tracks a benchmark closely, then tracking error will be low. If a manager tracks a benchmark perfectly, then tracking error will be zero. 7.26 7.93 8.17 View All Characteristics & Statistics All Characteristics & Statistics Boston Common Global Impact Fund (BRWIX) Portfolio Characteristics (Equity) Risk & Return Market Cap Valuation Characteristics Growth Characteristics Fund Holdings Fund MSCI ACWI Index Fund Assets (Mil.$) $525 Number of Holdings 68 2,647 Weighted Avg. Market Cap (Mil.$) $473,366 $750,118 Median Market Cap (Mil.$) $64,601 $13,570 Weighted Avg. P/E (1-yr Forward EPS) 19.84 19.63 Weighted Avg. P/E (Trailing EPS) 22.16 22.24 PEG Ratio 1.43 1.76 Weighted Avg. P/B 3.29 3.15 EPS Growth (Trailing 3-yr %) 12.00% 8.62% EPS Growth (Trailing 5-yr %) 18.09% 13.41% Forward EPS Growth (1-yr %) 13.72% 13.24% Forward EPS Growth (Long Term %) 13.98% 12.67% Revenue Growth (Trailing 5-yr %) 10.74% 10.62% Return on Equity 18.58% 19.22% Weighted Avg. Dividend Yield 1.45% 1.78% Debt to Equity 86.64 92.47 Trailing 12-Months Portfolio Turnover 51.42% As of: 12/31/2024 Risk & Return 3 Years 5 Years 10 Years Alpha Alpha is a measure of performance on a risk-adjusted basis. Alpha takes the volatility (price risk) of a security or mutual fund and compares its risk-adjusted performance to a benchmark index. The excess return of the security or fund relative to the return of the benchmark index is a fund's alpha. -9.96 -4.77 -1.55 Standard Deviation Standard Deviation is a measure of the dispersion of a set of data from its mean. The more spread apart the data, the higher the deviation. Standard deviation is calculated as the square root of variance. 21.04 20.97 18.07 Sharpe Ratio Sharpe Ratio is a risk-adjusted measure developed by William Sharpe. It is calculated using standard deviation and excess return to determine reward per unit of risk. First, the average monthly return of the 90-day Treasury bill (over a 36-month period) is subtracted from the portfolio's average monthly return. The difference in total return represents the portfolio's excess return beyond that of the 90-day Treasury bill, a risk-free investment. An arithmetic annualized excess return is then calculated by multiplying this monthly return by 12. To show a relationship between excess return and risk, this number is then divided by the standard deviation of the portfolio's annualized excess returns. The higher the Sharpe ratio, the better the portfolio's historical risk-adjusted performance. -0.40 0.15 0.34 Upside Capture Ratio (%) Upside Capture Ratio (%) is a measure of a manager's performance in up markets relative to a particular benchmark. An up market is one in which the market's quarterly (or monthly) return is greater than or equal to zero. For example, a ratio of 50% means that the portfolio's value increased half as much as its benchmark index during up markets. 100.98 108.65 116.00 Downside Capture Ratio (%) Downside Capture Ratio (%) measures a manager's performance in down markets relative to a particular benchmark. A down market is one in which the market's quarterly (or monthly) return is less than zero. For example, a ratio of 50% means that the portfolio's value fell half as much as its benchmark index during down markets. 128.25 113.48 105.61 Beta Beta measures the relationship between the portfolio's excess return over T-bills (representing a risk-free rate) relative to the excess return of the portfolio's benchmark. A low beta does not imply that the portfolio has a low level of volatility; rather, a low beta means that the portfolio's market-related risk is low. Beta is often referred to as systematic risk. 1.24 1.13 1.09 R-Squared R-Squared ranges from 0 to 100 and reflects the percentage of a portfolio's movements that are explained by movements in its benchmark index. A portfolio with an R-squared of 100 means that all movement is completely explained by benchmark index movement. Thus, a portfolio that invests only in S&P 500 stocks will have an R-squared very close to 100. Conversely, a low R-squared indicates that very little of the portfolio's movement is explained by benchmark movement. An R-squared measure of 35, for example, means that movements in its benchmark index can explain only 35% of the portfolio's movements. R-squared is used to ascertain the significance of a particular beta or alpha and generally a higher R-squared will indicate more useful alpha and beta figures. 91.59 86.82 80.16 Tracking Error (%) Tracking Error (%) , which is often referred to as the active risk of the portfolio, measures how closely a manager's returns track the returns of a benchmark index. Specifically, tracking error measures the standard deviation of the excess returns a portfolio generates compared to its benchmark. This gives an indication of the volatility of a portfolio versus its benchmark. If a manager tracks a benchmark closely, then tracking error will be low. If a manager tracks a benchmark perfectly, then tracking error will be zero. 7.26 7.93 8.17 Information Ratio Information Ratio s a ratio of portfolio returns above the returns of a benchmark (usually an index) to the volatility of those returns. The information ratio (IR) measures a portfolio manager's ability to generate excess returns relative to a benchmark, but also attempts to identify the consistency of the investor. This ratio will identify if a manager has beaten the benchmark by a lot in a few months or a little every month. The higher the IR, the more consistent a manager is, and consistency is an ideal trait. -1.35 -0.56 -0.15 Treynor Ratio (%) Treynor Ratio (%) , which was developed by Jack Treynor, measures reward per unit of beta risk. It measures returns earned in excess of that which could have been earned on a less risk investment per each unit of market risk. The Treynor Ratio relates the difference between the portfolio return and the risk-free rate to the portfolio beta for a given time period. -6.75 2.72 5.65 Max Drawdown Max Drawdown is the maximum loss from a peak to a trough of a portfolio, before a new peak is attained. Maximum Drawdown is an indicator of downside risk over a specified time period. -32.65 -35.02 -35.02 As of: 12/31/2024 Market Cap Fund MSCI ACWI Index Market Cap ($mm) 0 - 1,000 0.00% 0.00% Market Cap ($mm) 1,000 - 1,500 0.00% 0.01% Market Cap ($mm) 1,500 - 2,500 0.97% 0.04% Market Cap ($mm) 2,500 - 5,000 4.21% 0.66% Market Cap ($mm) 5,000 - 10,000 3.44% 3.44% Market Cap ($mm) 10,000 - 25,000 14.48% 10.75% Market Cap ($mm) 25,000 - 50,000 16.46% 13.03% Market Cap ($mm) 50,000 - 100,000 17.60% 16.07% Market Cap ($mm) 100,000 - 200,000 16.85% 14.89% Market Cap ($mm) 200,000 - 26.00% 41.10% Market Cap – NA 0.00% 0.00% As of: 12/31/2024 Valuation Characteristics Fund MSCI ACWI Index P/E 0-10 7.18% 7.05% P/E 10-15 7.59% 10.29% P/E 15-20 16.29% 11.80% P/E 20-25 13.43% 8.96% P/E 25-Above 54.01% 60.05% P/E – NA 1.50% 1.85% As of: 12/31/2024 Growth Characteristics Fund MSCI ACWI Index EPS Growth (Trailing 3-yr %) - Negative 16.49% 25.24% EPS Growth (Trailing 3-yr %) 0 - 5 13.52% 12.47% EPS Growth (Trailing 3-yr %) 5 - 10 15.67% 9.78% EPS Growth (Trailing 3-yr %) 10 - 15 22.84% 16.07% EPS Growth (Trailing 3-yr %) 15 - 20 5.17% 4.09% EPS Growth (Trailing 3-yr %) Above 20 23.50% 25.39% EPS Growth (Trailing 3-yr %) - NA 2.80% 6.96% As of: 12/31/2024 Read Important Investment Disclosures Portfolio & Holdings Portfolio & Holdings Top Holdings (Equity) As of: 12/31/2024 Alphabet Inc, Class A 2.85% Apple Inc 2.76% BYD Co Ltd, Class H 2.73% Taiwan Semiconductor Manufacturing Co Ltd ADR 2.68% Smurfit WestRock PLC 2.64% Microsoft Corp 2.64% Chubb Ltd 2.63% NVIDIA Corp 2.55% RELX PLC 2.47% CRH Plc 2.19% % in Top 10 Holdings 26.15% View Holding Details Holding Details Boston Common Global Impact Fund (BRWIX) Top 10 Holdings (Equity) All Holdings 10 Best Performing Stocks 10 Worst Performing Stocks Fund Holdings 12/31/2024 Alphabet Inc, Class A 2.85% Apple Inc 2.76% BYD Co Ltd, Class H 2.73% Taiwan Semiconductor Manufacturing Co Ltd ADR 2.68% Smurfit WestRock PLC 2.64% Microsoft Corp 2.64% Chubb Ltd 2.63% NVIDIA Corp 2.55% RELX PLC 2.47% CRH Plc 2.19% % in Top 10 Holdings 26.15% As of: 12/31/2024 Download All Holdings (PDF) As of: 12/31/2024 Ticker Name Sector Asset Class Country Currency Par/Shares Price ($) Market Value ($) % of Fund GOOGL Alphabet Inc, Class A Communication Services S US USD 79,101 189.30 $14,973,819 2.85% AAPL Apple Inc Information Technology S US USD 57,940 250.42 $14,509,335 2.76% 1211 BYD Co Ltd, Class H Consumer Discretionary S CN HKD 421,590 34.01 $14,339,595 2.73% TSM Taiwan Semiconductor Manufacturing Co Ltd ADR Information Technology S TW USD 71,332 197.49 $14,087,357 2.68% SW Smurfit WestRock PLC Materials S IE USD 257,835 53.86 $13,886,993 2.64% MSFT Microsoft Corp Information Technology S US USD 32,865 421.50 $13,852,598 2.64% CB Chubb Ltd Financials S CH USD 50,105 276.30 $13,844,012 2.63% NVDA NVIDIA Corp Information Technology S US USD 99,890 134.29 $13,414,228 2.55% REL RELX PLC Industrials S GB GBP 286,512 45.31 $12,981,568 2.47% CRH CRH Plc Materials S IE USD 124,221 92.52 $11,492,927 2.19% 8591 ORIX Corp Financials S JP JPY 532,750 21.48 $11,445,544 2.18% CRM Salesforce Inc Information Technology S US USD 34,207 334.33 $11,436,426 2.18% INTU Intuit Inc Information Technology S US USD 17,995 628.50 $11,309,858 2.15% MRK Merck & Co Inc Health Care S US USD 108,795 99.48 $10,822,927 2.06% PRY Prysmian SpA Industrials S IT EUR 160,508 64.00 $10,271,931 1.96% NFLX Netflix Inc Communication Services S US USD 11,460 891.32 $10,214,527 1.94% AWK American Water Works Co Inc Utilities S US USD 81,530 124.49 $10,149,670 1.93% VRT Vertiv Holdings Co, Class A Industrials S US USD 86,409 113.61 $9,816,926 1.87% MQG Macquarie Group Ltd Financials S AU AUD 71,357 136.76 $9,758,999 1.86% SU Schneider Electric SE Industrials S FR EUR 38,955 248.96 $9,698,084 1.85% AVGO Broadcom Inc Information Technology S US USD 41,305 231.84 $9,576,151 1.82% LLY Eli Lilly & Co Health Care S US USD 11,160 772.00 $8,615,520 1.64% HNR1 Hannover Rueck SE Financials S DE EUR 33,288 250.42 $8,335,961 1.59% BKRKY Bank Rakyat Indonesia Persero Tbk PT ADR Financials S ID USD 665,899 12.40 $8,257,148 1.57% SFM Sprouts Farmers Market Inc Consumer Staples S US USD 64,578 127.07 $8,205,926 1.56% FSLR First Solar Inc Information Technology S US USD 45,053 176.24 $7,940,141 1.51% BALL Ball Corp Materials S US USD 142,095 55.13 $7,833,697 1.49% WY Weyerhaeuser Co Real Estate S US USD 262,463 28.15 $7,388,333 1.41% WAB Westinghouse Air Brake Technologies Corp Industrials S US USD 38,859 189.59 $7,367,278 1.40% DHR Danaher Corp Health Care S US USD 31,974 229.55 $7,339,632 1.40% AZEK AZEK Co Inc, Class A Industrials S US USD 147,911 47.47 $7,021,335 1.34% XYL Xylem Inc Industrials S US USD 56,804 116.02 $6,590,400 1.25% V Visa Inc, Class A Financials S US USD 20,785 316.04 $6,568,891 1.25% KBH KB Home Consumer Discretionary S US USD 98,717 65.72 $6,487,681 1.23% CL Colgate-Palmolive Co Consumer Staples S US USD 71,075 90.91 $6,461,428 1.23% SCHW Charles Schwab Corp Financials S US USD 87,040 74.01 $6,441,830 1.23% MKC McCormick & Co Inc Consumer Staples S US USD 82,910 76.24 $6,321,058 1.20% CARR Carrier Global Corp Industrials S US USD 91,457 68.26 $6,242,855 1.19% HDB HDFC Bank Ltd ADR Financials S IN USD 93,667 63.86 $5,981,575 1.14% 2318 Ping An Insurance Group Co of China Ltd, Class H Financials S CN HKD 1,019,000 5.87 $5,980,874 1.14% PYPL PayPal Holdings Inc Financials S US USD 69,070 85.35 $5,895,125 1.12% VRTX Vertex Pharmaceuticals Inc Health Care S US USD 14,039 402.70 $5,653,505 1.08% HASI HA Sustainable Infrastructure Capital Inc Financials S US USD 208,766 26.83 $5,601,192 1.07% GILD Gilead Sciences Inc Health Care S US USD 60,315 92.37 $5,571,297 1.06% AKAM Akamai Technologies Inc Information Technology S US USD 57,830 95.65 $5,531,440 1.05% DTE Deutsche Telekom AG Communication Services S DE EUR 182,635 29.96 $5,472,311 1.04% ADBE Adobe Inc Information Technology S US USD 12,159 444.68 $5,406,864 1.03% ECL Ecolab Inc Materials S US USD 22,860 234.32 $5,356,555 1.02% 6503 Mitsubishi Electric Corp Industrials S JP JPY 314,200 16.89 $5,305,503 1.01% 000660 SK Hynix Inc Information Technology S KR KRW 45,700 114.59 $5,236,778 1.00% EW Edwards Lifesciences Corp Health Care S US USD 69,993 74.03 $5,181,582 0.99% VIE Veolia Environnement SA Utilities S FR EUR 183,852 28.06 $5,158,434 0.98% AMAT Applied Materials Inc Information Technology S US USD 31,661 162.63 $5,149,028 0.98% 9009 Keisei Electric Railway Co Ltd Industrials S JP JPY 570,000 8.98 $5,118,220 0.97% CSL CSL Ltd Health Care S AU AUD 29,022 174.45 $5,062,913 0.96% BRG Borregaard ASA Materials S NO NOK 313,892 16.05 $5,036,925 0.96% REGN Regeneron Pharmaceuticals Inc Health Care S US USD 7,030 712.33 $5,007,680 0.95% AHT Ashtead Group Plc Industrials S GB GBP 78,760 61.87 $4,872,730 0.93% RXL Rexel SA Industrials S FR EUR 190,866 25.47 $4,861,265 0.93% HOLX Hologic Inc Health Care S US USD 66,703 72.09 $4,808,619 0.92% 6370 Kurita Water Industries Ltd Industrials S JP JPY 134,400 34.83 $4,681,383 0.89% DSFIR DSM-Firmenich AG Materials S CH EUR 45,689 101.08 $4,618,430 0.88% NOVOB Novo Nordisk A/S Health Care S DK DKK 49,810 86.28 $4,297,698 0.82% MU Micron Technology Inc Information Technology S US USD 43,057 84.16 $3,623,677 0.69% BLD TopBuild Corp Consumer Discretionary S US USD 11,294 311.34 $3,516,274 0.67% ASML ASML Holding NV Information Technology S NL EUR 4,630 700.43 $3,243,013 0.62% ENPH Enphase Energy Inc Information Technology S US USD 36,776 68.68 $2,525,776 0.48% STLD Steel Dynamics Inc Materials S US USD 17,350 114.07 $1,979,115 0.38% Cash & Equivalents Cash C US USD - - $4,371,246 0.83% Download Fund Commentary (PDF) Fund Holdings Sort order Avg. Weight Total Return Salesforce Inc 1 2.51% 22.25% Sprouts Farmers Market Inc 2 2.09% 15.09% Broadcom Inc 3 0.41% 29.79% Taiwan Semiconductor Manufacturing Co Ltd ADR 4 2.38% 14.00% Charles Schwab Corp 5 2.02% 14.47% Alphabet Inc, Class A 6 2.25% 14.23% Vertiv Holdings Co, Class A 7 1.99% 14.22% Smurfit WestRock PLC 8 2.15% 9.46% Westinghouse Air Brake Technologies Corp 9 2.08% 4.38% Gilead Sciences Inc 10 1.56% 10.82% As of: 12/31/2024 The 10 Best and Worst Performing Stocks are determined based on the stock's contribution to the Fund’s return during the specified quarter. Download Fund Commentary (PDF) Fund Holdings Sort order Avg. Weight Total Return First Solar Inc 20 1.55% -29.35% Regeneron Pharmaceuticals Inc 19 1.17% -32.24% Bank Rakyat Indonesia Persero Tbk PT ADR 18 1.69% -22.19% KB Home 17 1.47% -23.13% Applied Materials Inc 16 1.47% -19.38% Vestas Wind Systems A/S 15 0.37% -33.79% Shimano Inc. 14 0.79% -27.50% American Water Works Co Inc 13 1.97% -14.53% Macquarie Group Ltd 12 1.98% -13.90% Kurita Water Industries Ltd 11 1.33% -18.17% As of: 12/31/2024 The 10 Best and Worst Performing Stocks are determined based on the stock's contribution to the Fund’s return during the specified quarter. Read Important Investment Disclosures Read Important Investment Disclosures Regional Allocation As of: 12/31/2024 View Allocation Details Allocation Details Boston Common Global Impact Fund (BRWIX) Sector Allocation (Equity) Investment Allocation Country Allocation Regional Allocation Top 10 Industries Sector Sort Order Fund MSCI ACWI Index Information Technology 24.14% 25.98% Industrials 18.05% 10.23% Financials 16.77% 16.80% Health Care 11.87% 9.67% Materials 9.56% 3.46% Communication Services 5.84% 8.24% Consumer Discretionary 4.63% 11.34% Consumer Staples 3.99% 5.92% Utilities 2.91% 2.50% Real Estate 1.41% 2.04% Cash & Other 0.83% 0.00% Energy 0.00% 3.82% As of: 12/31/2024 Investment Allocation 12/31/2024 Stocks 99.17% Bonds 0.00% Cash and Other 0.83% As of: 12/31/2024 Country Fund MSCI ACWI Index United States 58.57% 66.62% Japan 5.05% 4.83% Ireland 4.83% 0.06% China 3.87% 2.75% France 3.75% 2.30% Switzerland 3.51% 1.99% United Kingdom 3.40% 3.09% Australia 2.82% 1.53% Taiwan 2.68% 1.95% Germany 2.63% 1.92% Italy 1.96% 0.58% Indonesia 1.57% 0.15% India 1.14% 1.92% South Korea 1.00% 0.89% Norway 0.96% 0.12% % in Top 15 Countries 97.74% 90.7% As of: 12/31/2024 Region Fund MSCI ACWI Index Developed 88.91% 90.11% Europe & Middle East 22.47% 13.62% North America 58.57% 69.33% Pacific 7.87% 7.16% Emerging 10.26% 9.89% Asia 10.26% 8.01% Latin America 0.00% 0.66% Europe & Middle East 0.00% 0.93% Africa 0.00% 0.30% Frontier 0.00% 0.00% Africa 0.00% 0.00% Asia 0.00% 0.00% Europe 0.00% 0.00% Latin America 0.00% 0.00% Middle East 0.00% 0.00% Cash & Other 0.83% 0.00% As of: 12/31/2024 Industry Fund MSCI ACWI Index Semiconductors & Semiconductor Equipment 12.33% 9.53% Software 7.99% 7.61% Electrical Equipment 6.68% 1.18% Financial Services 5.62% 2.95% Insurance 5.36% 3.11% Pharmaceuticals 4.52% 3.97% Containers & Packaging 4.13% 0.18% Biotechnology 4.05% 1.40% Machinery 3.55% 1.78% Capital Markets 3.08% 3.17% % in Top 10 Industries 57.31% 34.88% As of: 12/31/2024 Read Important Investment Disclosures About the Affiliate About Boston Common Asset Management Boston Common Asset Management (BCAM) is a diverse, women-led, sustainable investor and innovator dedicated to the pursuit of financial return and social change. An active, global equity ESG investment manager and a leader in impactful shareowner engagement since its founding in 2003, BCAM is majority women- and employee-owned. BCAM is headquartered in Boston. Learn More About Boston Common Asset Management's Approach FOUNDED 2003 AMG AFFILIATE SINCE 2021 HEADQUARTERS Boston, MA Portfolio Managers Corné Biemans PARTNER AND PORTFOLIO MANAGER Read full bio Matt Zalosh, CFA PARTNER AND CHIEF INVESTMENT OFFICER, INTERNATIONAL STRATEGIES Read full bio Praveen Abichandani, CFA PARTNER AND PORTFOLIO MANAGER Read full bio Liz Su, CFA PARTNER AND PORTFOLIO MANAGER Read full bio Investment Approach Investment Approach Boston Common Global Impact Fund Boston Common Asset Management’s (BCAM) rigorous research process draws upon information from both traditional and unconventional sources to form a holistic understanding of corporate performance. BCAM integrates comprehensive ESG criteria with financial research to identify sustainable companies that possess long term drivers of success: Visionary management teams with the potential to capitalize on new market opportunities and revenue streams. Productivity and efficiency improvements capable of supporting higher profit margins. The avoidance of unanticipated costs stemming from inadequate attention to ESG risks. As a result, relative to market benchmarks, BCAM’s process seeks to enhance portfolio quality, return potential, and risk reduction over the long term. BCAM uses shareholder leverage to influence corporate and industry practices globally, often in collaboration with coalitions of shareowners and activist organizations. BCAM develops its engagement policy as long-term, global investors and their engagement priorities build on their investment themes of doing more with fewer resources, treating people as assets, and supporting better governance. BCAM believes investors with a deep and long-term understanding of prosperity can use ESG analysis and direct engagement to provide the critical checks and balances that financial markets require to function as efficient and socially beneficial distributors of capital. BCAM has access to high-level management, including, in some cases, board members and CEOs. Over the years, BCAM’s team has built up a network of contacts at non-governmental organizations around the world. These organizations serve as invaluable sounding boards for BCAM on shareowner engagement issues, and have partnered with BCAM on numerous shareholder initiatives. Through company dialogue and the shareholder proposal process, BCAM brings client concerns to management and actively promotes change. BCAM use its voice as assertive, engaged stewards of their investments to challenge companies across all industries to re-direct capital financing capacity, R&D efforts, and ingenuity toward a more sustainable world. What Critics Get Wrong—and Right—About ESG Investing Sustainable investing is under a microscope. Everywhere, it seems, investment managers are talking about their approach to environmental, social, and governance (ESG) investing. Read Blog Related products Other Products From Boston Common Asset Management BCAIX Boston Common ESG Impact International Fund View Fund Details Boston Common Global Impact Equity Strategy View SMA Details Boston Common International Equity Strategy View SMA Details Boston Common U.S. Large Cap Value ESG Strategy View SMA Details Stay up-to-date Sign up to receive our latest views and thinking, in addition to other news and product-related information. CHOOSE SUBSCRIPTIONS