Boston Common ESG Impact International Fund
Schedule of Investments
June 30, 2026 (Unaudited)

COMMON STOCKS - 96.3%

Shares  

Value  
Communication Services - 5.3%

BT Group PLC

            837,034

    $        2,111,655
Deutsche Telekom AG

            143,632

             3,916,012
Singapore Telecommunications Ltd.

            1,331,400

             4,545,421
Spotify Technology SA (a)

            7,160

             3,287,371




             13,860,459






Consumer Discretionary - 6.9%

Asics Corp.

            92,300

             2,510,441
Industria de Diseno Textil SA

            78,616

             4,955,332
Mercedes-Benz Group AG

            36,990

             1,860,542
Prosus NV - Class N

            76,477

             3,323,190
Sony Group Corp.

            272,605

             5,485,921




             18,135,426






Consumer Staples - 7.0%

Jeronimo Martins SGPS SA

            107,339

             2,055,760
Koninklijke Ahold Delhaize NV

            90,019

             3,624,644
L'Oreal SA

            4,790

             2,099,722
Nestle SA

            43,982

             4,511,021
Sugi Holdings Co. Ltd.

            139,112

             2,703,609
Unilever PLC - ADR

            58,208

             3,499,465




             18,494,221






Financials - 23.2%

AIA Group Ltd.

            383,850

             3,514,237
Banco Bilbao Vizcaya Argentaria SA

            219,008

             5,513,903
Hannover Rueck SE

            10,112

             2,800,368
ING Groep NV

            174,487

             5,505,624
Intesa Sanpaolo SpA

            672,836

             4,624,580
London Stock Exchange Group PLC

            19,523

             2,110,746
Macquarie Group Ltd.

            26,752

             4,650,664
Mitsubishi UFJ Financial Group, Inc.

            442,400

             8,813,906
ORIX Corp.

            143,447

             5,464,116
Oversea-Chinese Banking Corp. Ltd.

            304,145

             5,836,752
Standard Chartered PLC

            240,094

             6,492,777
T&D Holdings, Inc.

            107,100

             3,194,562
Tryg AS

            103,483

             2,355,584




             60,877,819






Health Care - 13.7%

Argenx SE (a)

            3,540

             3,281,088
AstraZeneca PLC

            38,932

             7,268,791
Hoya Corp.

            40,164

             6,478,509
Novartis AG - ADR

            35,591

             5,577,821
Otsuka Holdings Co. Ltd.

            46,100

             3,068,379
Roche Holding AG - ADR

            137,998

             7,086,197
Straumann Holding AG

            24,180

             3,178,410




             35,939,195






Industrials - 19.7%

Assa Abloy AB - Class B

            113,853

             4,022,525
Atlas Copco AB - Class B

            283,831

             5,031,768


Contemporary Amperex Technology Co. Ltd. - Class H

            47,497

             4,278,491
Ferguson Enterprises, Inc.

            1

             239
Kingspan Group PLC

            30,453

             2,784,931
Kurita Water Industries Ltd.

            50,287

             2,869,210
Mitsubishi Electric Corp.

            165,100

             6,054,961
Prysmian SpA

            43,806

             7,374,417
Schneider Electric SE

            17,230

             5,638,080
Siemens AG

            23,173

             7,450,262
Techtronic Industries Co. Ltd.

            199,860

             3,325,982
Vestas Wind Systems AS

            101,558

             2,875,452




             51,706,318






Information Technology - 14.0%

Advantest Corp.

            25,110

             5,165,841
ASM International NV

            3,358

             3,861,624
ASML Holding NV

            3,512

             6,954,354
Infineon Technologies AG

            37,772

             3,558,183
Keyence Corp.

            11,974

             6,052,706
SAP SE - ADR

            19,156

             2,952,131
Taiwan Semiconductor Manufacturing Co. Ltd. - ADR

            9,480

             4,527,364
TDK Corp.

            157,715

             3,538,231




             36,610,434






Materials - 2.7%

Air Liquide SA

            26,235

             5,195,219
DSM-Firmenich AG

            20,889

             1,982,722




             7,177,941






Utilities - 3.8%

SSE PLC

            190,224

             6,137,123
Veolia Environnement SA

            92,990

             3,874,997




             10,012,120
TOTAL COMMON STOCKS (Cost $158,903,716)

             252,813,933






REAL ESTATE INVESTMENT TRUSTS - 1.3%

Shares  

Value  
Real Estate - 1.3%

Goodman Group

            153,740

             3,317,120
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $3,125,066)

             3,317,120






SHORT-TERM INVESTMENTS
MONEY MARKET FUNDS - 0.0% (b)
Shares  

Value  
First American Treasury Obligations Fund - Class X, 3.58% (c)

            961

             961
TOTAL MONEY MARKET FUNDS (Cost $961)

             961






TOTAL INVESTMENTS - 97.6% (Cost $162,029,743)

             256,132,014
Other Assets in Excess of Liabilities - 2.4%
0.02404
            6,309,813
TOTAL NET ASSETS - 100.0%




    $        262,441,827


Percentages are stated as a percent of net assets.




ADR - American Depositary Receipt
The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.







(a)

Non-income producing security.
(b)

Represents less than 0.05% of net assets.
(c)

The rate shown represents the 7-day annualized yield as of June 30, 2026.


























Summary of Fair Value Disclosure as of June 30, 2026 (Unaudited)
 
Boston Common ESG Impact International Fund has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.
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 speeds, 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 based on the best information available.
The following is a summary of the fair valuation hierarchy of the Fund’s securities as of June 30, 2026:



Level 1

Level 2

Level 3

Total
Investments:







  Common Stocks
    $        26,930,349

    $        225,883,584

    $        –

    $        252,813,933
  Real Estate Investment Trusts
            –

            3,317,120

            –

            3,317,120
  Money Market Funds
            961

            –

            –

            961
Total Investments
    $        26,931,310

    $        229,200,704

    $        –

    $        256,132,014





 

Refer to the Schedule of Investments for further disaggregation of investment categories.





Allocation of Portfolio Holdings by Country as of June 30, 2026 (Unaudited)


(% of Net Assets)


Japan
    $        61,400,392

        23.3%
United Kingdom
             27,620,557

        10.5 
Netherlands
             26,550,524

        10.2 
Germany
             22,537,498

        8.6 
Switzerland
             22,336,171

        8.4 
France
             16,808,018

        6.5 
Sweden
             12,341,664

        4.7 
Italy
             11,998,997

        4.6 
Spain
             10,469,235

        4.0 
Singapore
             10,382,173

        3.9 
Australia
             7,967,784

        3.1 
Hong Kong
             6,840,219

        2.6 
Denmark
             5,231,036

        2.0 
Taiwan
             4,527,364

        1.7 
China
             4,278,491

        1.6 
Ireland
             2,784,931

        1.1 
Portugal
             2,055,760

        0.8 
United States
             1,200

        0.0 (a)
Other Assets in Excess of Liabilities
            6,309,813

        2.4

    $        262,441,827

        100.0%



(a)

Represents less than 0.05% of net assets.