BOSTON PARTNERS INVESTMENT FUNDS
|
||||||||
BOSTON PARTNERS GLOBAL EQUITY ADVANTAGE FUND
|
||||||||
PORTFOLIO OF INVESTMENTS
|
||||||||
NOVEMBER 30, 2021 (UNAUDITED)
|
||||||||
NUMBER OF
|
||||||||
SHARES
|
VALUE
|
|||||||
COMMON STOCKS—81.5%
|
||||||||
Bermuda—1.3%
|
||||||||
Everest Re Group Ltd.
|
2,073
|
$
|
531,476
|
|||||
Canada—2.1%
|
||||||||
Canadian National Railway Co.
|
2,965
|
375,280
|
||||||
Cenovus Energy, Inc.
|
40,551
|
481,235
|
||||||
856,515
|
||||||||
Finland—1.4%
|
||||||||
Metso Outotec Oyj
|
20,711
|
208,722
|
||||||
Nordea Bank Abp
|
29,646
|
351,097
|
||||||
559,819
|
||||||||
France—8.9%
|
||||||||
Airbus Group SE*
|
3,205
|
357,741
|
||||||
Capgemini SA
|
2,427
|
560,323
|
||||||
Cie de Saint-Gobain
|
6,115
|
387,871
|
||||||
Cie Generale des Etablissements Michelin SCA
|
1,113
|
164,245
|
||||||
Eiffage SA
|
4,569
|
425,540
|
||||||
Imerys SA
|
5,189
|
202,293
|
||||||
Klepierre SA*
|
9,305
|
195,802
|
||||||
Rexel SA*
|
21,295
|
390,387
|
||||||
Sanofi
|
6,264
|
595,468
|
||||||
TotalEnergies SE
|
7,651
|
352,042
|
||||||
3,631,712
|
||||||||
Germany—3.7%
|
||||||||
Brenntag SE
|
1,989
|
170,358
|
||||||
Deutsche Post AG
|
5,076
|
299,795
|
||||||
Deutsche Telekom AG
|
9,320
|
164,150
|
||||||
Rheinmetall AG
|
4,287
|
380,132
|
||||||
Siemens AG
|
3,098
|
493,868
|
||||||
1,508,303
|
||||||||
Ireland—1.4%
|
||||||||
CRH PLC
|
6,067
|
294,166
|
||||||
Flutter Entertainment PLC*
|
2,108
|
286,077
|
||||||
580,243
|
||||||||
Japan—5.8%
|
||||||||
Asahi Group Holdings Ltd.
|
4,200
|
154,898
|
||||||
Fuji Corp.
|
9,900
|
216,082
|
||||||
Fuji Electric Co., Ltd.
|
4,700
|
244,681
|
||||||
Hitachi Ltd.
|
6,400
|
374,900
|
||||||
Honda Motor Co., Ltd.
|
11,700
|
320,402
|
||||||
Komatsu Ltd.
|
7,200
|
162,886
|
||||||
Sony Group Corp.
|
3,500
|
427,031
|
||||||
Sumitomo Mitsui Financial Group, Inc.
|
5,500
|
178,942
|
||||||
Yamaha Motor Co., Ltd.
|
11,400
|
286,693
|
||||||
2,366,515
|
||||||||
Netherlands—3.6%
|
||||||||
Aalberts NV
|
2,746
|
168,865
|
||||||
ING Groep NV
|
31,256
|
431,751
|
||||||
NXP Semiconductors NV
|
957
|
213,755
|
||||||
Signify NV
|
3,055
|
139,469
|
||||||
Stellantis NV
|
29,759
|
509,599
|
||||||
1,463,439
|
||||||||
Norway—0.2%
|
||||||||
Norsk Hydro ASA
|
16,649
|
107,820
|
||||||
Singapore—1.1%
|
||||||||
DBS Group Holdings Ltd.
|
7,467
|
162,651
|
||||||
United Overseas Bank Ltd.
|
15,500
|
290,100
|
||||||
452,751
|
||||||||
South Korea—2.4%
|
||||||||
KB Financial Group, Inc.
|
9,525
|
423,319
|
||||||
POSCO
|
588
|
129,099
|
||||||
Samsung Electronics Co., Ltd.
|
3,026
|
181,639
|
||||||
SK Square Co., Ltd.*
|
1,963
|
112,380
|
||||||
SK Telecom Co., Ltd.
|
3,037
|
139,053
|
||||||
985,490
|
||||||||
Sweden—2.7%
|
||||||||
Loomis AB
|
9,265
|
239,448
|
||||||
Svenska Handelsbanken AB, Class A
|
36,161
|
382,582
|
||||||
Volvo AB, Class B
|
21,924
|
472,015
|
||||||
1,094,045
|
||||||||
Switzerland—3.3%
|
||||||||
Glencore PLC*
|
125,167
|
594,266
|
||||||
Novartis AG
|
5,429
|
432,722
|
||||||
STMicroelectronics NV
|
6,274
|
305,554
|
||||||
1,332,542
|
||||||||
United Kingdom—6.0%
|
||||||||
Coca-Cola Europacific Partners PLC
|
3,483
|
171,956
|
||||||
IMI PLC
|
10,718
|
242,467
|
||||||
Inchcape PLC
|
14,913
|
164,420
|
||||||
Liberty Global PLC, Class A*
|
16,895
|
446,028
|
||||||
Melrose Industries PLC
|
124,173
|
238,562
|
||||||
Nomad Foods Ltd.*
|
9,221
|
220,290
|
||||||
Persimmon PLC
|
5,432
|
197,402
|
||||||
Tesco PLC
|
62,395
|
230,141
|
||||||
Travis Perkins PLC*
|
20,806
|
399,978
|
||||||
WH Smith PLC*
|
7,019
|
123,392
|
||||||
2,434,636
|
||||||||
United States—37.6%
|
||||||||
AbbVie, Inc.
|
4,005
|
461,696
|
||||||
Anthem, Inc.
|
921
|
374,138
|
||||||
Applied Materials, Inc.
|
1,718
|
252,872
|
||||||
AutoZone, Inc.*
|
153
|
278,012
|
||||||
Axalta Coating Systems Ltd.*
|
5,903
|
178,979
|
||||||
Bank of America Corp.
|
5,783
|
257,170
|
||||||
Carter's, Inc.
|
3,632
|
366,941
|
||||||
Charles Schwab Corp., (The)
|
3,185
|
246,487
|
||||||
Charter Communications, Inc., Class A*
|
625
|
403,925
|
||||||
Cigna Corp.
|
2,394
|
459,409
|
||||||
Cisco Systems, Inc.
|
9,185
|
503,705
|
||||||
Citigroup, Inc.
|
2,445
|
155,746
|
||||||
Concentrix Corp.
|
2,649
|
439,734
|
||||||
CVS Health Corp.
|
6,185
|
550,836
|
||||||
Diamondback Energy, Inc.
|
4,716
|
503,339
|
||||||
Discover Financial Services
|
2,582
|
278,469
|
||||||
DuPont de Nemours, Inc.
|
7,912
|
585,172
|
||||||
Eagle Materials, Inc.
|
1,167
|
179,975
|
||||||
Eaton Corp., PLC
|
1,718
|
278,419
|
||||||
Fifth Third Bancorp
|
9,093
|
383,270
|
||||||
Global Payments, Inc.
|
1,052
|
125,230
|
||||||
Goldman Sachs Group, Inc., (The)
|
1,434
|
546,340
|
||||||
HollyFrontier Corp.
|
9,786
|
316,284
|
||||||
Huntington Bancshares, Inc.
|
17,526
|
260,086
|
||||||
JPMorgan Chase & Co.
|
2,505
|
397,869
|
||||||
KeyCorp
|
21,237
|
476,558
|
||||||
LKQ Corp.
|
9,267
|
518,025
|
||||||
Marathon Petroleum Corp.
|
5,367
|
326,582
|
||||||
McKesson Corp.
|
2,184
|
473,404
|
||||||
Merck & Co., Inc.
|
3,243
|
242,933
|
||||||
Micron Technology, Inc.
|
3,140
|
263,760
|
||||||
Mohawk Industries, Inc.*
|
816
|
136,982
|
||||||
Nexstar Media Group, Inc., Class A
|
3,233
|
483,333
|
||||||
NortonLifeLock, Inc.
|
17,107
|
425,109
|
||||||
Owens Corning
|
4,533
|
384,580
|
||||||
Pioneer Natural Resources Co.
|
1,447
|
258,029
|
||||||
QUALCOMM, Inc.
|
1,381
|
249,353
|
||||||
Schlumberger Ltd.
|
9,051
|
259,583
|
||||||
Science Applications International Corp.
|
2,915
|
244,539
|
||||||
Sensata Technologies Holding PLC*
|
5,701
|
317,546
|
||||||
Synchrony Financial
|
9,967
|
446,422
|
||||||
TE Connectivity Ltd.
|
1,860
|
286,310
|
||||||
Textron, Inc.
|
3,790
|
268,332
|
||||||
US Foods Holding Corp.*
|
4,803
|
150,910
|
||||||
Valvoline, Inc.
|
10,407
|
354,566
|
||||||
15,350,959
|
||||||||
TOTAL COMMON STOCKS
|
||||||||
(Cost $26,621,452)
|
33,256,265
|
|||||||
PREFERRED STOCKS—0.3%
|
||||||||
South Korea—0.3%
|
||||||||
Samsung Electronics Co., Ltd. 4.720%
|
2,210
|
119,177
|
||||||
TOTAL PREFERRED STOCKS
|
||||||||
(Cost $76,134)
|
119,177
|
|||||||
INVESTMENT COMPANY—17.5%
|
||||||||
United States—17.5%
|
||||||||
Campbell Advantage Fund
|
1,214,956
|
7,156,091
|
||||||
TOTAL INVESTMENT COMPANY
|
||||||||
(Cost $7,599,686)
|
7,156,091
|
|||||||
SHORT-TERM INVESTMENTS—0.6%
|
||||||||
U.S. Bank Money Market Deposit Account, 0.01%(a)
|
257,405
|
257,405
|
||||||
TOTAL SHORT-TERM INVESTMENTS
|
||||||||
(Cost $257,405)
|
257,405
|
|||||||
TOTAL INVESTMENTS—99.9%
|
||||||||
(Cost $34,554,677)
|
40,788,938
|
|||||||
OTHER ASSETS IN EXCESS OF LIABILITIES—0.1%
|
20,662
|
|||||||
NET ASSETS—100.0%
|
$
|
40,809,600
|
PLC
|
Public Limited Company
|
|||||
*
|
Non-income producing.
|
|||||
(a)
|
The rate shown is as of November 30, 2021.
|
BOSTON PARTNERS INVESTMENT FUNDS
|
|
BOSTON PARTNERS GLOBAL EQUITY ADVANTAGE FUND
|
|
NOTES TO PORTFOLIO OF INVESTMENTS
|
|
NOVEMBER 30, 2021 (UNAUDITED)
|
FAIR VALUE MEASUREMENTS — The
inputs and valuation techniques used to measure fair value of the Fund’s investments are summarized into three levels as described in the hierarchy below:
|
|||||
• Level 1 — Prices are determined using quoted prices in active markets for identical securities.
|
|||||
• Level 2 — Prices are determined using other significant observable inputs (including quoted prices for similar securities,
interest rates, prepayment speeds, credit risk, etc.).
|
|||||
• Level 3 — Prices are determined using significant unobservable inputs (including the Fund’s own assumptions in determining the
fair value of investments).
|
|||||
The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in
those securities.
|
|||||
The following is a summary of the inputs used, as of November 30, 2021, in valuing the Fund's investments carried at fair value:
|
TOTAL
|
LEVEL 1
|
LEVEL 2
|
LEVEL 3
|
|||||||||||||
Common Stock
|
||||||||||||||||
Bermuda
|
$
|
531,476
|
$
|
531,476
|
$
|
-
|
$
|
-
|
||||||||
Canada
|
856,515
|
856,515
|
-
|
-
|
||||||||||||
Finland
|
559,819
|
-
|
559,819
|
-
|
||||||||||||
France
|
3,631,712
|
-
|
3,631,712
|
-
|
||||||||||||
Germany
|
1,508,303
|
-
|
1,508,303
|
-
|
||||||||||||
Ireland
|
580,243
|
-
|
580,243
|
-
|
||||||||||||
Japan
|
2,366,515
|
-
|
2,366,515
|
-
|
||||||||||||
Netherlands
|
1,463,439
|
213,755
|
1,249,684
|
-
|
||||||||||||
Norway
|
107,820
|
-
|
107,820
|
-
|
||||||||||||
Singapore
|
452,751
|
-
|
452,751
|
-
|
||||||||||||
South Korea
|
985,490
|
251,433
|
734,057
|
-
|
||||||||||||
Sweden
|
1,094,045
|
239,448
|
854,597
|
-
|
||||||||||||
Switzerland
|
1,332,542
|
-
|
1,332,542
|
-
|
||||||||||||
United Kingdom
|
2,434,636
|
1,245,161
|
1,189,475
|
-
|
||||||||||||
United States
|
15,350,959
|
15,350,959
|
-
|
-
|
||||||||||||
Preferred Stock
|
||||||||||||||||
South Korea
|
119,177
|
-
|
119,177
|
-
|
||||||||||||
Investment Company
|
||||||||||||||||
United States
|
7,156,091
|
7,156,091
|
-
|
-
|
||||||||||||
Short-Term Investments
|
257,405
|
257,405
|
-
|
-
|
||||||||||||
Total Assets
|
$
|
40,788,938
|
$
|
26,102,243
|
$
|
14,686,695
|
$
|
-
|
For the period ended November 30, 2021, the Fund had no significant Level 3 transfers.
|
|||||
For more information with regard to significant accounting policies, see the most recent semi-annual or annual report filed with the
Securities and Exchange Commission.
|