0001145549-23-048790.txt : 20230823 0001145549-23-048790.hdr.sgml : 20230823 20230823120931 ACCESSION NUMBER: 0001145549-23-048790 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230630 FILED AS OF DATE: 20230823 DATE AS OF CHANGE: 20230823 PERIOD START: 20230930 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PROFESSIONALLY MANAGED PORTFOLIOS CENTRAL INDEX KEY: 0000811030 IRS NUMBER: 566415270 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-05037 FILM NUMBER: 231196147 BUSINESS ADDRESS: STREET 1: 615 EAST MICHIGAN STREET CITY: MILWAUKEE STATE: WI ZIP: 53202 BUSINESS PHONE: 626-914-7363 MAIL ADDRESS: STREET 1: 615 EAST MICHIGAN STREET CITY: MILWAUKEE STATE: WI ZIP: 53202 FORMER COMPANY: FORMER CONFORMED NAME: AVONDALE INVESTMENT TRUST DATE OF NAME CHANGE: 19910529 0000811030 S000070633 Boston Common ESG Impact Emerging Markets Fund C000224360 Boston Common ESG Impact Emerging Markets Fund BCEMX NPORT-P 1 primary_doc.xml NPORT-P false 0000811030 XXXXXXXX S000070633 C000224360 Professionally Managed Portfolios 811-05037 0000811030 254900BPISCYGRJD2727 615 East Michigan Street Milwaukee 53202 414-516-1523 Boston Common ESG Impact Emerging Markets Fund S000070633 254900DIAM8IXXG6KE96 2023-09-30 2023-06-30 N 39615002.230000000000 326731.320000000000 39288270.910000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 215584.381756964300 0.000000000000 0.000000000000 N HDFC Bank Ltd 335800ZQ6I4E2JXENC50 HDFC Bank Ltd 40415F101 22570.000000000000 NS USD 1573129.000000000000 4.0040677881 Long EC CORP IN N 1 N N N Delta Electronics Inc 529900UVZWNWGDLJSM52 Delta Electronics Inc N/A 125346.000000000000 NS 1389125.990000000000 3.5357269684 Long EC CORP TW N 2 N N N Weichai Power Co Ltd 529900OKTPKBG85F9502 Weichai Power Co Ltd N/A 440936.000000000000 NS 648737.270000000000 1.6512237749 Long EC CORP CN N 2 N N N Trip.com Group Ltd 2549004RMYDSRQL4KW41 Trip.com Group Ltd 89677Q107 20385.000000000000 NS USD 713475.000000000000 1.8160000007 Long EC CORP CN N 1 N N N Lojas Renner SA N/A Lojas Renner SA N/A 115824.000000000000 NS 485240.680000000000 1.2350777185 Long EC CORP BR N 1 N N N Longfor Group Holdings Ltd 254900UJX27B2F1JYR13 Longfor Group Holdings Ltd N/A 171165.000000000000 NS 417974.860000000000 1.0638667733 Long EC CORP CN N 2 N N N BDO Unibank Inc 3FGIIBS1PEI1FYQBGN97 BDO Unibank Inc N/A 226934.000000000000 NS 568261.390000000000 1.4463894105 Long EC CORP PH N 2 N N N Raia Drogasil SA N/A Raia Drogasil SA N/A 125491.440000000000 NS 773936.390000000000 1.9698917058 Long EC CORP BR N 1 N N N Chinasoft International Ltd N/A Chinasoft International Ltd N/A 684389.000000000000 NS 431615.650000000000 1.0985865247 Long EC CORP CN N 2 N N N Shenzhen Mindray Bio-Medical E N/A Shenzhen Mindray Bio-Medical Electronics Co Ltd Y774E3101 17186.000000000000 NS 711189.350000000000 1.8101823611 Long EC CORP CN N 2 N N N LG H&H Co Ltd N/A LG H&H Co Ltd N/A 1508.000000000000 NS 526993.750000000000 1.3413513443 Long EC CORP KR N 2 N N N LG Chem Ltd 988400IES4EIG7O06940 LG Chem Ltd N/A 1224.000000000000 NS 623091.770000000000 1.5859485683 Long EC CORP KR N 2 N N N Naspers Ltd 21380044BQ8812EEKT59 Naspers Ltd N/A 8385.000000000000 NS 1514844.580000000000 3.8557171006 Long EC CORP ZA N 2 N N N Growthpoint Properties Ltd 37890019DD1E46632291 Growthpoint Properties Ltd N/A 378541.000000000000 NS 234510.890000000000 0.5968979662 Long EC CORP ZA N 1 N N N Dino Polska SA 259400H4L81SMPRTW956 Dino Polska SA N/A 5164.000000000000 NS 603327.940000000000 1.5356439111 Long EC CORP PL N 2 N N N Telkom Indonesia Persero Tbk P 529900M5SQZAOKV1PC81 Telkom Indonesia Persero Tbk PT N/A 2451693.000000000000 NS 655883.320000000000 1.6694125366 Long EC CORP ID N 2 N N N WEG SA 254900NKQV127YFRO022 WEG SA N/A 100939.000000000000 NS 797275.170000000000 2.0292956435 Long EC CORP BR N 1 N N N OTP Bank Nyrt 529900W3MOO00A18X956 OTP Bank Nyrt N/A 10454.000000000000 NS 371644.360000000000 0.9459422657 Long EC CORP HU N 2 N N N SK Telecom Co Ltd 9884003WEA1PHW006037 SK Telecom Co Ltd 78440P306 27997.000000000000 NS USD 546221.470000000000 1.3902914467 Long EC CORP KR N 1 N N N Hapvida Participacoes e Invest N/A Hapvida Participacoes e Investimentos S/A N/A 500125.000000000000 NS 458533.220000000000 1.1670995169 Long EC CORP BR N 1 N N N Xinyi Solar Holdings Ltd 529900QF7VIH03SB7Q08 Xinyi Solar Holdings Ltd N/A 377311.000000000000 NS 438056.960000000000 1.1149815196 Long EC CORP CN N 2 N N N Alibaba Group Holding Ltd 5493001NTNQJDH60PM02 Alibaba Group Holding Ltd G01719114 152715.000000000000 NS 1589737.290000000000 4.0463406843 Long EC CORP CN N 2 N N N Bancolombia SA 54930052NWJRPNMP1W58 Bancolombia SA 05968L102 26548.000000000000 NS USD 708300.640000000000 1.8028297596 Long EP CORP CO N 1 N N N Kimberly-Clark de Mexico SAB d 549300JGHL56QT00KT54 Kimberly-Clark de Mexico SAB de CV N/A 364740.000000000000 NS 813776.980000000000 2.0712975174 Long EC CORP MX N 1 N N N MercadoLibre Inc 549300DKPDN9M5S8GB14 MercadoLibre Inc 58733R102 519.000000000000 NS USD 614807.400000000000 1.5648624532 Long EC CORP UY N 1 N N N Clicks Group Ltd 378900E967958A677472 Clicks Group Ltd N/A 38150.000000000000 NS 529625.480000000000 1.3480498575 Long EC CORP ZA N 1 N N N Bharti Airtel Ltd 335800KQ1FPKOQ84OR26 Bharti Airtel Ltd N/A 78974.000000000000 NS 847129.550000000000 2.1561894438 Long EC CORP IN N 2 N N N HENGAN INT'L N/A Hengan International Group Co Ltd N/A 76279.000000000000 NS 321626.870000000000 0.8186333034 Long EC CORP CN N 2 N N N Coway Co Ltd N/A Coway Co Ltd N/A 6974.000000000000 NS 233046.990000000000 0.5931719177 Long EC CORP KR N 2 N N N Advanced Info Service PCL 529900DU2YW1NO5RMU78 Advanced Info Service PCL N/A 116014.000000000000 NS 729688.960000000000 1.8572692132 Long EC CORP TH N 2 N N N TRAD CHI MED N/A China Traditional Chinese Medicine Holdings Co Ltd N/A 1176949.000000000000 NS 549606.650000000000 1.3989077077 Long EC CORP HK N 2 N N N Biocon Ltd 335800NK3L7QCHLOC198 Biocon Ltd N/A 129635.000000000000 NS 420092.650000000000 1.0692571606 Long EC CORP IN N 2 N N N Kasikornbank PCL 5493004COSQ54937AW41 Kasikornbank PCL N/A 138071.000000000000 NS 507556.940000000000 1.2918790475 Long EC CORP TH N 2 N N N First American Treasury Obliga 549300UU586IAH2B8H03 First American Treasury Obligations Fund 31846V328 1064359.030000000000 NS USD 1064359.030000000000 2.7091012288 Long STIV RF US N 1 N N N Infosys Ltd 335800TYLGG93MM7PR89 Infosys Ltd 456788108 36875.000000000000 NS USD 592581.250000000000 1.5082904803 Long EC CORP IN N 1 N N N SK Hynix Inc 988400XAIK6XISWQV045 SK Hynix Inc N/A 25401.000000000000 NS 2231843.820000000000 5.6806873102 Long EC CORP KR N 2 N N N TSMC 549300KB6NK5SBD14S87 Taiwan Semiconductor Manufacturing Co Ltd 874039100 26169.000000000000 NS USD 2640975.480000000000 6.7220455847 Long EC CORP TW N 1 N N N Kalbe Farma Tbk PT 529900PRQI8S32HOE387 Kalbe Farma Tbk PT N/A 5682757.000000000000 NS 777695.870000000000 1.9794606685 Long EC CORP ID N 2 N N N Midea Group Co Ltd 3003003TRPHLHZD2IF61 Midea Group Co Ltd Y6S40V103 97099.000000000000 NS 789288.970000000000 2.0089684573 Long EC CORP CN N 2 N N N PING AN 529900M9MC28JLN35U89 Ping An Insurance Group Co of China Ltd N/A 171263.000000000000 NS 1093842.640000000000 2.7841455342 Long EC CORP CN N 2 N N N Voltas Ltd 335800VVTQSSZ7NV7F51 Voltas Ltd N/A 27287.000000000000 NS 253155.300000000000 0.6443533760 Long EC CORP IN N 2 N N N Mondi PLC 213800LOZA69QFDC9N34 Mondi PLC N/A 36493.000000000000 NS 557915.860000000000 1.4200570478 Long EC CORP GB N 2 N N N Airtac International Group N/A Airtac International Group N/A 22152.000000000000 NS 732093.550000000000 1.8633895894 Long EC CORP TW N 2 N N N Win Semiconductors Corp 529900G3R9LZ0M2UBM97 Win Semiconductors Corp N/A 80483.000000000000 NS 426287.400000000000 1.0850245891 Long EC CORP TW N 2 N N N Sungrow Power Supply Co Ltd 30030052IWC7RGVFG505 Sungrow Power Supply Co Ltd N/A 24800.000000000000 NS 399483.770000000000 1.0168016071 Long EC CORP CN N 2 N N N INOVANCE N/A Shenzhen Inovance Technology Co Ltd N/A 40825.000000000000 NS 361857.980000000000 0.9210331013 Long EC CORP CN N 2 N N N Axis Bank Ltd 549300HVNWMJPOFVNI41 Axis Bank Ltd N/A 64187.000000000000 NS 774503.070000000000 1.9713340701 Long EC CORP IN N 2 N N N Giant Manufacturing Co Ltd 549300M7TYVF50B2GY12 Giant Manufacturing Co Ltd N/A 32425.000000000000 NS 240614.320000000000 0.6124329588 Long EC CORP TW N 2 N N N Bank Rakyat Indonesia Persero 254900HB6S4B12GBNP64 Bank Rakyat Indonesia Persero Tbk PT N/A 3447950.000000000000 NS 1258817.800000000000 3.2040549784 Long EC CORP ID N 2 N N N China Merchants Bank Co Ltd 549300MKO5B60FFIHF58 China Merchants Bank Co Ltd N/A 159607.000000000000 NS 727982.130000000000 1.8529248377 Long EC CORP CN N 2 N N N Tencent Holdings Ltd 254900N4SLUMW4XUYY11 Tencent Holdings Ltd N/A 9050.000000000000 NS 383730.670000000000 0.9767054164 Long EC CORP CN N 2 N N N Itau Unibanco Holding SA 5493002W2IVG62O3ZJ94 Itau Unibanco Holding SA 465562106 127065.000000000000 NS USD 749683.500000000000 1.9081610940 Long EP CORP BR N 1 N N N BYD Co Ltd 5299005557VL7ULJ7A69 BYD Co Ltd N/A 23709.000000000000 NS 760221.020000000000 1.9349821267 Long EC CORP CN N 2 N N N 2023-08-23 Professionally Managed Portfolios /s/ Jennifer Smith Jennifer Smith Assistant Treasurer XXXX NPORT-EX 2 emerging.htm EMG MKT HTML

Boston Common ESG Impact Emerging Markets Fund
    
Schedule of Investments
    
June 30, 2023 (Unaudited)
    
     
Shares
  
 
  
Value
COMMON STOCKS - 93.2%
    
Communication Services - 8.0%
    
 
116,014
  
Advanced Info Service PLC
  
$
729,689
 
78,974
  
Bharti Airtel Ltd. 1
    
847,130
 
27,997
  
SK Telecom Company Ltd. - ADR
    
546,221
 
2,451,693
  
Telkom Indonesia Persero Tbk PT
    
655,883
 
9,050
  
Tencent Holdings Ltd.
    
383,731
           
3,162,654
Consumer Discretionary - 17.7%
      
 
152,715
  
Alibaba Group Holding Ltd. 1
    
1,589,737
 
23,709
  
BYD Company Ltd. - Class H
    
760,221
 
6,974
  
Coway Company Ltd.
    
233,047
 
32,425
  
Giant Manufacturing Company Ltd.
    
240,614
 
115,824
  
Lojas Renner SA
    
485,241
 
519
  
MercadoLibre, Inc. 1
    
614,807
 
97,099
  
Midea Group Company Ltd. - Class A
    
789,289
 
8,385
  
Naspers Ltd. - Class N
    
1,514,845
 
20,385
  
Trip.com Group Ltd. - ADR 1
    
713,475
           
6,941,276
Consumer Staples - 9.1%
      
 
38,150
  
Clicks Group Ltd.
    
529,625
 
5,164
  
Dino Polska SA 1
    
603,328
 
76,279
  
Hengan International Group Company Ltd.
    
321,627
 
364,740
  
Kimberly-Clark de Mexico - Class A
    
813,777
 
1,508
  
LG Household & Health Care Ltd.
    
526,994
 
125,491
  
Raia Drogasil SA
    
773,936
           
3,569,287
Financials - 17.5%
      
 
64,187
  
Axis Bank Ltd.
    
774,503
 
226,934
  
BDO Unibank, Inc.
    
568,261
 
159,607
  
China Merchants Bank Company Ltd. - Class H
    
727,982
 
22,570
  
HDFC Bank Ltd. - ADR
    
1,573,129
 
138,071
  
Kasikornbank PCL - NVDR
    
507,557
 
10,454
  
OTP Bank Nyrt
    
371,644
 
171,263
  
Ping An Insurance (Group) Company of China Ltd. - Class H
    
1,093,843
 
3,447,950
  
PT Bank Rakyat Indonesia (Persero) Tbk.
    
1,258,818
           
6,875,737
Health Care - 7.4%
      
 
129,635
  
Biocon Ltd.
    
420,093
 
1,176,949
  
China Traditional Chinese Medicine Holdings Company Ltd.
    
549,607
 
500,125
  
Hapvida Participacoes e Investimentos SA 1
    
458,533
 
5,682,757
  
PT Kalbe Farma Tbk.
    
777,696
 
17,186
  
Shenzhen Mindray Bio-Medical Electronics Company Ltd. - Class A
    
711,189
           
2,917,118
Industrials - 8.1%
      
 
22,152
  
AirTAC International Group
    
732,094
 
40,825
  
Shenzhen Inovance Technology Company Ltd. - Class A
    
361,858
 
24,800
  
Sungrow Power Supply Company Ltd.
    
399,484
 
27,287
  
Voltas Ltd.
    
253,155
 
100,939
  
WEG SA
    
797,275
 
440,936
  
Weichai Power Company Ltd. - Class H
    
648,737
           
3,192,603
Information Technology - 20.7%
      
 
684,389
  
Chinasoft International Ltd.
    
431,616
 
125,346
  
Delta Electronics, Inc.
    
1,389,126
 
36,875
  
Infosys Ltd. - ADR
    
592,581
 
25,401
  
SK Hynix, Inc.
    
2,231,844
 
26,169
  
Taiwan Semiconductor Manufacturing Company Ltd. - ADR
    
2,640,976
 
80,483
  
Win Semiconductors Corp.
    
426,287
 
377,311
  
Xinyi Solar Holdings Ltd.
    
438,057
           
8,150,487
Materials - 3.0%
      
 
1,224
  
LG Chem Ltd.
    
623,092
 
36,493
  
Mondi PLC
    
557,916
           
1,181,008
Real Estate - 1.7%
      
 
378,541
  
Growthpoint Properties Ltd. - REIT
    
234,511
 
171,165
  
Longfor Group Holdings Ltd.
    
417,975
           
652,486
             
TOTAL COMMON STOCKS (Cost $38,001,080)
    
36,642,656
             
PREFERRED STOCKS - 3.7%
      
Financials - 3.7%
      
 
26,548
  
Bancolombia SA - ADR
    
708,301
 
127,065
  
Itau Unibanco Holding SA - ADR
    
749,683
             
TOTAL PREFERRED STOCKS (Cost $1,417,714)
    
1,457,984
           
SHORT-TERM INVESTMENTS - 2.7%
      
MONEY MARKET FUNDS - 2.7%
      
 
1,043,821
  
First American Treasury Obligations Fund - Class X, 5.035% 2
    
1,043,821
             
TOTAL SHORT-TERM INVESTMENTS (Cost $1,043,821)
    
1,043,821
           
TOTAL INVESTMENTS - 99.6% (Cost $40,462,615)
    
39,144,461
Other Assets in Excess of Liabilities - 0.4%
    
143,979
NET ASSETS - 100.0%
  
$
39,288,440

 
ADR 
American Depositary Receipt
 
 
NVDR 
Non-Voting Depository Receipt
 
 
REIT 
Real Estate Investment Trust
 
 
1 
Non-income producing security.
 
 
2 
Annualized seven-day effective yield as of June 30, 2023.
 
 
 
 
 
 
 
The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor Financial Services, LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.
 

 
Country Allocation at June 30, 2023 (Unaudited)
 
 
 
 
 
Country
% of Net Assets 1
 
China
26.8%
 
Taiwan
11.9%
 
India
11.4%
 
Republic of Korea
10.6%
 
Brazil
8.3%
 
Indonesia
6.9%
 
South Africa
5.8%
 
Thailand
3.1%
 
Mexico
2.1%
 
Colombia
1.8%
 
United States
1.6%
 
Poland
1.5%
 
Philippines
1.4%
 
United Kingdom
1.4%
 
Hong Kong
1.4%
 
Hungary
0.9%
 
 
 
 
1 Excludes short-term investments and other assets in excess of liabilities.
 

 
Boston Common ESG Impact Emerging Markets Fund
Summary of Fair Value Exposure at June 30, 2023 (Unaudited)
 
 
 
 
  
The Boston Common ESG Impact Emerging Markets Fund (the “Fund”) utilizes various methods to measure the fair value of its investments on a recurring basis. U.S. GAAP establishes a hierarchy that prioritizes inputs to valuation methods.  The three levels of inputs are:
 
 
 
 
 
• Level 1 — Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.
• Level 2 — Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly.  These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment spreads, credit risk, yield curves, default rates and similar data.
• Level 3 — Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.
 
 
 
 
 
The following is a summary of the inputs used to value the Fund’s investments as of June 30, 2023:

 
                      
 
  
Level 1
    
Level 2
    
Level 3
    
Total
Common Stocks
                      
Communication Services
  
$
546,221
    
$
2,616,433
    
$
-
    
$
3,162,654
Consumer Discretionary
    
1,813,523
      
5,127,753
      
-
      
6,941,276
Consumer Staples
    
2,117,339
      
1,451,948
      
-
      
3,569,287
Financials
    
1,573,129
      
5,302,608
      
-
      
6,875,737
Health Care
    
458,533
      
2,458,585
      
-
      
2,917,118
Industrials
    
797,275
      
2,395,328
      
-
      
3,192,603
Information Technology
    
3,233,557
      
4,916,930
      
-
      
8,150,487
Materials
    
-
      
1,181,008
      
-
      
1,181,008
Real Estate
    
234,511
      
417,975
      
-
      
652,486
Total Common Stocks
    
10,774,088
      
25,868,568
      
-
      
36,642,656
Preferred Stocks
                              
Financials
    
1,457,984
      
-
      
-
      
1,457,984
Total Preferred Stocks
    
1,457,984
      
-
      
-
      
1,457,984
Short-Term Investments
    
1,043,821
      
-
      
-
      
1,043,821
Total Investments in Securities
  
$
13,275,893
    
$
25,868,568
    
$
-
    
$
39,144,461