Fund Overview

Fund Overview

Share Class

I

NAV | as of 08/11/2022

$36.74
-$0.27 (-0.73%)

Morningstar | Style Box

V B G L M S

Growth of $10,000 (Hypothetical)

Since Inception 12/30/1985 to 06/30/2022 = $333,209.29

  • 3YR
  • 5YR
  • 10YR
  • INCEP.
INCEP.
  • 3YR
  • 5YR
  • 10YR
  • INCEP.

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 800.835.3879. 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 less 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.

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)

Corné Biemans

PARTNER AND PORTFOLIO MANAGER

Matt Zalosh, CFA

PARTNER AND CHIEF INVESTMENT OFFICER, INTERNATIONAL STRATEGIES

Praveen Abichandani, CFA

PARTNER AND PORTFOLIO MANAGER

Liz Su, CFA

PARTNER AND PORTFOLIO MANAGER

Performance

Performance

Read Important Investment Disclosures

Returns

Trailing 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 800.835.3879. 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 less 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.

 

Expense Ratios

  • Gross Expense Ratio: 0.93%
  • Net Expense Ratio: 0.93%
  • Expense Cap Expiration Date: N/A

Distributions & Pricing

Distributions

Calendar Year Distributions

Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
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

Risk & Return Stats

As of: 07/31/2022

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.
-1.09 1.82 1.82
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.
20.91 19.71 16.58
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.
0.32 0.44 0.65
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.
101.41 123.25 127.96
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.
104.91 104.22 101.32
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.
1.04 1.07 1.05
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.
81.76 78.44 73.35
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.
8.96 9.23 8.59
View All Characteristics & Stats

Portfolio & Holdings

Portfolio & Holdings

Top Holdings (Equity)

As of: 06/30/2022

BYD Co Ltd 2.81%
Carrier Global Corp 2.65%
Bank Rakyat Indonesia Persero Tbk PT ADR 2.64%
Shimano Inc 2.63%
Enphase Energy Inc 2.60%
Xylem Inc 2.59%
Hannon Armstrong Sustainable Infrastructure Capital Inc 2.54%
TopBuild Corp 2.47%
Sprouts Farmers Market Inc 2.46%
KB Home 2.41%
% in Top 10 Holdings 25.80%
View Holding Details Read Important Investment Disclosures

Regional Allocation

As of: 06/30/2022

View Allocation Details

Investment Approach

Investment Approach

Boston Common Global Impact Fund

Our rigorous research process draws upon information from both traditional and unconventional sources to form a holistic understanding of corporate performance. We integrate 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, our process seeks to enhance portfolio quality, return potential, and risk reduction over the long term.
  • We use shareholder leverage to influence corporate and industry practices globally, often in collaboration with coalitions of shareowners and activist organizations. We develop our engagement policy as long-term, global investors and our engagement priorities build on our investment themes of doing more with fewer resources, treating people as assets, and supporting better governance. We believe 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.
  • We have access to high-level management, including, in some cases, board members and CEOs. Over the years, our team has built up a network of contacts at non-governmental organizations around the world. These organizations serve as invaluable sounding boards for us on shareowner engagement issues, and have partnered with us on numerous shareholder initiatives. Through company dialogue and the shareholder proposal process, we bring client concerns to management and actively promote change.
  • We use our voice as assertive, engaged stewards of our investments to challenge companies across all industries to re-direct capital financing capacity, R&D efforts, and ingenuity toward a more sustainable world.

Boston Common Global Impact Fund Introduction

An introduction to Boston Common Asset Management and the AMG Boston Common Global Impact Fund

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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.

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About

Background

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, with offices in San Francisco.

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BCAIX

Boston Common ESG Impact International Fund

A high-conviction, international equity portfolio targeting long-term capital appreciation by seeking alpha-generating, ESG impact opportunities and investing in companies whose products and services help facilitate the transition to a more just, sustainable world.

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Founded

2003


Headquarters

Boston, MA


Affiliate Since

2021

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