Fund Overview Fund Overview Share Class I NAV | as of 12/05/2022 $34.86 -$0.65 (-1.86%) Morningstar | Style Box V B G L M S Growth of $10,000 (Hypothetical) Since Inception 12/30/1985 to 11/30/2022 = $329,295.23 From: To: 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. View Performance 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 Annual Report Semi-Annual Report SAI 2021 Year End Distributions View All Documents Corné Biemans PARTNER AND PORTFOLIO MANAGER See Our Approach Read Bio Matt Zalosh, CFA PARTNER AND CHIEF INVESTMENT OFFICER, INTERNATIONAL STRATEGIES See Our Approach Read Bio Praveen Abichandani, CFA PARTNER AND PORTFOLIO MANAGER See Our Approach Read Bio Liz Su, CFA PARTNER AND PORTFOLIO MANAGER See Our Approach Read Bio 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 10/31/2022 Overall Rating (of 1129) 3 Years (of 1129) 5 Years (of 1050) 10 Years (of 784) Category Large Growth 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 CIO of Boston Common’s International Strategies. He also conducts investment research in the financial services and healthcare sectors. Matt began his career at State Street Research and Management in Boston in 1995. From 1997 to 2001, he worked at Dodge & Cox in San Francisco, where he covered banks and REITS and helped the firm launch its international mutual fund. Matt received his BA 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 in Europe, Latin America, and Asia. He currently serves on the board of Primary Source, a non-profit that deepens global understanding in schools. Praveen Abichandani, CFA PARTNER AND PORTFOLIO MANAGER Praveen is a member of the International/Global and U.S. Portfolio Construction teams. He brings over 20 years of investment analysis experience in equity research as well as in corporate development in the telecom & media industries. Before joining Boston Common, he 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 Asset Management, Praveen was responsible for equity research of the global semiconductor sector. During his business development career at Cox Communications and GTE Wireless, Praveen worked extensively on projects in Mexico. He also lived and worked in Japan and Germany early in his career at GTE. Praveen received his MBA from the University of Texas at Austin and his BS in Chemical Engineering from Osmania University in India. Liz Su, CFA PARTNER AND PORTFOLIO MANAGER Liz is a member of the Emerging Markets Portfolio Construction team. She joined Boston Common in 2014, bringing investment experience spanning Emerging Markets equities, Global Developed Markets, and quantitative research. She most recently served as a portfolio manager with Batterymarch Financial Management on the Emerging Market Equities team and had prior experience with Standish Mellon Asset Management and an economics consulting firm. Liz earned a BA in international finance from Wuhan University (China), a master’s degree 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 Analyst Society. 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 800.835.3879. 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 Distributions Chart List Historical Pricing 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 — — From: To: Risk & Return Stats As of: 11/30/2022 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. -0.35 1.39 2.14 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. 22.70 21.00 17.25 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. 0.24 0.32 0.60 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. 111.79 123.35 129.81 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. 106.97 104.78 100.54 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. 1.07 1.08 1.06 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. 86.65 80.96 76.24 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. 8.41 9.28 8.45 View All Characteristics & Stats All Characteristics & Stats 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.$) $543 Number of Holdings 56 2,900 Weighted Avg. Market Cap (Mil.$) $37,026 $305,846 Median Market Cap (Mil.$) $18,999 $9,888 Weighted Avg. P/E (1-yr Forward EPS) 13.49 13.36 Weighted Avg. P/E (Trailing EPS) 14.94 14.77 PEG Ratio 1.39 1.24 Weighted Avg. P/B 2.30 2.28 EPS Growth (Trailing 3-yr %) 11.14% 15.22% EPS Growth (Trailing 5-yr %) 12.30% 14.94% Forward EPS Growth (1-yr %) 4.18% 2.47% Forward EPS Growth (Long Term %) 11.63% 11.78% Revenue Growth (Trailing 5-yr %) 10.90% 9.67% Return on Equity 18.66% 20.81% Weighted Avg. Dividend Yield 1.72% 2.42% Debt to Equity 75.87 98.18 Trailing 12-Months Portfolio Turnover 25.10% As of: 09/30/2022 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. -0.35 1.39 2.14 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. 22.70 21.00 17.25 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. 0.24 0.32 0.60 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. 111.79 123.35 129.81 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. 106.97 104.78 100.54 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. 1.07 1.08 1.06 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. 86.65 80.96 76.24 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. 8.41 9.28 8.45 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. -0.05 0.15 0.29 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. 5.20 6.12 9.75 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. -35.02 -35.02 -35.02 As of: 11/30/2022 Market Cap Fund MSCI ACWI Index Market Cap ($mm) 0 - 1,000 0.00% 0.01% Market Cap ($mm) 1,000 - 1,500 1.61% 0.04% Market Cap ($mm) 1,500 - 2,500 4.18% 0.22% Market Cap ($mm) 2,500 - 5,000 10.71% 1.93% Market Cap ($mm) 5,000 - 10,000 10.04% 5.83% Market Cap ($mm) 10,000 - 25,000 28.91% 15.58% Market Cap ($mm) 25,000 - 50,000 19.96% 17.16% Market Cap ($mm) 50,000 - 100,000 16.57% 15.48% Market Cap ($mm) 100,000 - 200,000 8.04% 15.52% Market Cap ($mm) 200,000 - 0.00% 28.23% Market Cap – NA 0.00% 0.01% As of: 09/30/2022 Valuation Characteristics Fund MSCI ACWI Index P/E 0-10 13.45% 19.15% P/E 10-15 19.49% 13.80% P/E 15-20 17.64% 13.54% P/E 20-25 8.05% 19.43% P/E 25-Above 39.37% 30.78% P/E – NA 2.01% 3.30% As of: 09/30/2022 Growth Characteristics Fund MSCI ACWI Index EPS Growth (Trailing 3-yr %) - Negative 32.80% 17.82% EPS Growth (Trailing 3-yr %) 0 - 5 9.33% 6.70% EPS Growth (Trailing 3-yr %) 5 - 10 8.74% 14.27% EPS Growth (Trailing 3-yr %) 10 - 15 11.03% 9.57% EPS Growth (Trailing 3-yr %) 15 - 20 3.19% 8.58% EPS Growth (Trailing 3-yr %) Above 20 33.40% 37.36% EPS Growth (Trailing 3-yr %) - NA 1.51% 5.69% As of: 09/30/2022 Read Important Investment Disclosures Portfolio & Holdings Portfolio & Holdings Top Holdings (Equity) As of: 09/30/2022 Xylem Inc 2.90% PayPal Holdings Inc 2.81% Bank Rakyat Indonesia Persero Tbk PT ADR 2.79% Enphase Energy Inc 2.55% Sprouts Farmers Market Inc 2.54% TopBuild Corp 2.54% Carrier Global Corp 2.51% Intuit Inc 2.44% ORIX Corp 2.42% Shimano Inc 2.37% % in Top 10 Holdings 25.87% View Holding Details Holding Details Boston Common Global Impact Fund (BRWIX) Top 10 Holdings (Equity) All Holdings 10 Best Performing Stocks 10 Worst Performing Stocks Fund Holdings 09/30/2022 Xylem Inc 2.90% PayPal Holdings Inc 2.81% Bank Rakyat Indonesia Persero Tbk PT ADR 2.79% Enphase Energy Inc 2.55% Sprouts Farmers Market Inc 2.54% TopBuild Corp 2.54% Carrier Global Corp 2.51% Intuit Inc 2.44% ORIX Corp 2.42% Shimano Inc 2.37% % in Top 10 Holdings 25.87% As of: 09/30/2022 Download All Holdings (PDF) As of: 10/31/2022 Ticker Name Sector Asset Class Country Currency Par/Shares Price ($) Market Value ($) % of Fund XYL Xylem Inc Industrials S US USD 180,325 102.43 $18,470,690 3.22% BKRKY Bank Rakyat Indonesia Persero Tbk PT ADR Financials S ID USD 1,077,959 14.84 $15,996,912 2.79% GILD Gilead Sciences Inc Health Care S US USD 201,610 78.46 $15,818,321 2.76% ENPH Enphase Energy Inc Information Technology S US USD 49,820 307.00 $15,294,740 2.67% CARR Carrier Global Corp Industrials S US USD 383,347 39.76 $15,241,877 2.66% PYPL PayPal Holdings Inc Information Technology S US USD 177,175 83.58 $14,808,287 2.58% INTU Intuit Inc Information Technology S US USD 34,209 427.50 $14,624,348 2.55% BLD TopBuild Corp Consumer Discretionary S US USD 83,825 170.14 $14,261,986 2.49% KBH KB Home Consumer Discretionary S US USD 487,206 28.82 $14,041,277 2.45% CRM Salesforce Inc Information Technology S US USD 86,270 162.59 $14,026,639 2.45% 8591 ORIX Corp Financials S JP JPY 938,900 14.69 $13,790,284 2.41% SU Schneider Electric SE Industrials S FR EUR 107,624 126.46 $13,609,746 2.38% MKC McCormick & Co Inc Consumer Staples S US USD 162,290 78.64 $12,762,486 2.23% 7309 Shimano Inc Consumer Discretionary S JP JPY 82,100 154.74 $12,704,423 2.22% SFM Sprouts Farmers Market Inc Consumer Staples S US USD 421,010 29.50 $12,419,795 2.17% 6370 Kurita Water Industries Ltd Industrials S JP JPY 324,400 36.61 $11,874,662 2.07% REGN Regeneron Pharmaceuticals Inc Health Care S US USD 14,985 748.75 $11,220,019 1.96% AWK American Water Works Co Inc Utilities S US USD 76,293 145.34 $11,088,425 1.94% ADBE Adobe Inc Information Technology S US USD 34,476 318.50 $10,980,606 1.92% LKQ LKQ Corp Consumer Discretionary S US USD 195,560 55.64 $10,880,958 1.90% FSLR First Solar Inc Information Technology S US USD 73,278 145.57 $10,667,078 1.86% ECL Ecolab Inc Materials S US USD 67,265 157.07 $10,565,314 1.84% 570 China Traditional Chinese Medicine Holdings Co Ltd Health Care S HK HKD 23,680,000 0.43 $10,235,628 1.79% HDB HDFC Bank Ltd ADR Financials S IN USD 160,149 62.31 $9,978,884 1.74% BRG Borregaard ASA Materials S NO NOK 729,166 13.45 $9,803,869 1.71% 1211 BYD Co Ltd Consumer Discretionary S CN HKD 430,500 22.40 $9,644,553 1.68% KYGA Kerry Group PLC Consumer Staples S IE EUR 109,783 86.85 $9,535,193 1.66% AMAT Applied Materials Inc Information Technology S US USD 107,156 88.29 $9,460,803 1.65% CSL CSL Ltd Health Care S AU AUD 52,382 179.02 $9,377,188 1.64% DSM Koninklijke DSM NV Materials S NL EUR 76,812 117.63 $9,035,426 1.58% ORSTED Orsted AS 144A Utilities S DK DKK 109,013 82.51 $8,994,199 1.57% 6367 Daikin Industries Ltd Industrials S JP JPY 59,400 149.79 $8,897,359 1.55% HASI Hannon Armstrong Sustainable Infrastructure Capital Inc Financials S US USD 325,320 27.18 $8,842,198 1.54% SQM Sociedad Quimica y Minera de Chile SA ADR Materials S CL USD 94,035 93.68 $8,809,199 1.54% IFX Infineon Technologies AG Information Technology S DE EUR 350,770 24.27 $8,511,603 1.49% BDEV Barratt Developments PLC Consumer Discretionary S GB GBP 1,957,955 4.31 $8,444,838 1.47% BIIB Biogen Inc Health Care S US USD 29,649 283.44 $8,403,713 1.47% SPX Spirax-Sarco Engineering PLC Industrials S GB GBP 68,025 123.23 $8,382,966 1.46% WY Weyerhaeuser Co Real Estate S US USD 267,365 30.93 $8,269,599 1.44% PAGS Pagseguro Digital Ltd, Class A Information Technology S BR USD 603,915 13.68 $8,261,557 1.44% BNTX BioNTech SE ADR Health Care S DE USD 59,780 137.64 $8,228,119 1.44% SOON Sonova Holding AG Health Care S CH CHF 34,645 236.36 $8,188,822 1.43% WAB Westinghouse Air Brake Technologies Corp Industrials S US USD 84,754 93.28 $7,905,853 1.38% 968 Xinyi Solar Holdings Ltd Information Technology S CN HKD 7,800,000 0.99 $7,743,826 1.35% 6861 Keyence Corp Information Technology S JP JPY 20,400 377.07 $7,692,132 1.34% 7741 Hoya Corp Health Care S JP JPY 82,200 92.96 $7,641,426 1.33% AZEK AZEK Co Inc, Class A Industrials S US USD 407,700 17.51 $7,138,827 1.25% CIEN Ciena Corp Information Technology S US USD 147,480 47.90 $7,064,292 1.23% TOM TOMRA Systems ASA Industrials S NO NOK 409,410 16.15 $6,612,625 1.15% CRDA Croda International Plc Materials S GB GBP 84,089 77.47 $6,514,342 1.14% 2318 Ping An Insurance Group Co of China Ltd, Class H Financials S CN HKD 1,581,000 4.00 $6,329,360 1.10% NZYMB Novozymes A/S Materials S DK DKK 116,078 52.49 $6,093,004 1.06% ILMN Illumina Inc Health Care S US USD 26,543 228.82 $6,073,569 1.06% VWS Vestas Wind Systems A/S Industrials S DK DKK 305,659 19.71 $6,025,660 1.05% 7951 Yamaha Corp Consumer Discretionary S JP JPY 155,400 37.75 $5,867,016 1.02% VNA Vonovia SE Real Estate S DE EUR 249,428 22.11 $5,515,007 0.96% Cash & Equivalents Cash C US USD - - $4,270,475 0.75% Download Fund Commentary (PDF) Fund Holdings Sort order Avg. Weight Total Return Enphase Energy Inc 1 2.66% 42.12% First Solar Inc 2 1.42% 94.14% Biogen Inc 3 1.50% 30.92% PayPal Holdings Inc 4 2.48% 23.24% Regeneron Pharmaceuticals Inc 5 1.66% 16.53% Xylem Inc 6 2.77% 12.00% Sprouts Farmers Market Inc 7 2.53% 9.60% Pagseguro Digital Ltd, Class A 8 1.30% 29.20% Hoya Corp 9 1.38% 12.76% HDFC Bank Ltd ADR 10 1.76% 7.21% As of: 09/30/2022 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 China Traditional Chinese Medicine Holdings Co Ltd 20 1.80% -43.53% BYD Co Ltd 19 2.11% -38.11% Xinyi Solar Holdings Ltd 18 1.65% -30.90% Borregaard ASA 17 1.86% -27.22% Hannon Armstrong Sustainable Infrastructure Capital Inc 16 2.27% -20.40% Adobe Inc 15 2.17% -24.82% Orsted AS 144A 14 2.08% -23.26% Ping An Insurance Group Co of China Ltd, Class H 13 1.53% -25.01% Barratt Developments PLC 12 1.69% -25.77% ORIX Corp 11 2.38% -14.89% As of: 09/30/2022 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: 09/30/2022 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 20.72% 20.76% Industrials 17.78% 9.49% Health Care 14.48% 12.89% Consumer Discretionary 13.27% 11.58% Financials 10.18% 14.55% Materials 10.05% 4.69% Consumer Staples 6.12% 7.65% Utilities 3.43% 3.14% Real Estate 2.40% 2.69% Cash & Other 1.58% 0.00% Communication Services 0.00% 7.33% Energy 0.00% 5.21% As of: 09/30/2022 Investment Allocation 09/30/2022 Stocks 98.42% Bonds 0.00% Cash and Other 1.58% As of: 09/30/2022 Country Fund MSCI ACWI Index United States 48.54% 61.98% Japan 11.07% 5.37% China 4.91% 3.49% Denmark 4.09% 0.63% United Kingdom 3.91% 3.69% Germany 3.89% 1.80% Norway 2.92% 0.19% Indonesia 2.79% 0.25% France 2.24% 2.69% Ireland 1.80% 0.14% Hong Kong 1.79% 0.72% Australia 1.75% 1.90% India 1.72% 1.71% Netherlands 1.61% 0.98% Chile 1.57% 0.07% % in Top 15 Countries 94.6% 85.61% As of: 09/30/2022 Region Fund MSCI ACWI Index Developed 85.95% 88.86% Europe & Middle East 22.79% 15.34% North America 48.54% 65.11% Pacific 14.62% 8.41% Emerging 12.47% 11.14% Asia 9.42% 8.66% Latin America 3.04% 1.00% Europe & Middle East 0.00% 1.09% Africa 0.00% 0.39% 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 1.58% 0.00% As of: 09/30/2022 Industry Fund MSCI ACWI Index Chemicals 10.05% 2.28% Biotechnology 8.89% 1.82% Semiconductors & Semiconductor Equipment 8.87% 4.45% Machinery 7.73% 1.67% Software 6.47% 5.98% Household Durables 6.23% 0.49% Building Products 5.44% 0.57% Banks 4.51% 7.02% IT Services 4.28% 3.56% Food Products 3.58% 1.78% % in Top 10 Industries 66.05% 29.62% As of: 09/30/2022 Read Important Investment Disclosures 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 View Webcast 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 About About Boston Common Asset Management 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. Learn More More Funds From Boston Common Asset Management 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. View Fund Details Read Important Investment Disclosures Founded 2003 Headquarters Boston, MA Affiliate Since 2021 Discover how the boutique advantage helps generate alpha. Learn More About AMG