# EDGAR Filing Document

**Accession Number:** 0000811030
**File Stem:** 0001145549-23-008110
**Filing Date:** 2023-2
**Character Count:** 29839
**Document Hash:** 9a952b6871d3167d758fa6f57ef1b1a6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-008110.hdr.sgml**: 20230222

**ACCESSION NUMBER**: 0001145549-23-008110

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230222

**DATE AS OF CHANGE**: 20230222

**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:** 23652273

**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

## Series and Classes Contracts Data

### Boston Common ESG Impact International Fund (Series ID: S000030907)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000095889 | Boston Common ESG Impact International | BCAIX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Boston Common ESG Impact International Fund** | **Boston Common ESG Impact International Fund** | |
| Schedule of Investments | Schedule of Investments |  |
| December 31, 2022 (Unaudited) | December 31, 2022 (Unaudited) |  |
| **Shares** |  | **Value** |
| **COMMON STOCKS - 99.7%** | **COMMON STOCKS - 99.7%** |  |
| **Communication Services - 4.0%** | **Communication Services - 4.0%** |  |
| 928999 | Deutsche Telekom AG | $18483841 |
| **Consumer Discretionary - 9.0%** | **Consumer Discretionary - 9.0%** |  |
| 50910 | Alibaba Group Holding Ltd. - ADR <sup>1</sup> | 4484662 |
| 1279096 | Barratt Developments PLC | 6109372 |
| 189518 | Burberry Group PLC | 4607616 |
| 171000 | BYD Company Ltd. - Class H | 4195314 |
| 36133 | Shimano, Inc. | 5709697 |
| 77661 | Sony Group Corp. | 5919447 |
| 243218 | Valeo SA | 4345765 |
| 174730 | Yamaha Corp. | 6483849 |
|  |  | 41855722 |
| **Consumer Staples - 13.2%** | **Consumer Staples - 13.2%** |  |
| 361268 | Essity AB - Class B | 9460594 |
| 87447 | Kerry Group PLC - Class A | 7899088 |
| 486791 | Koninklijke Ahold Delhaize NV | 13995815 |
| 26910 | L'Oreal SA | 9636375 |
| 123557 | Shiseido Company Ltd. | 6055989 |
| 283829 | Unilever NV - ADR | 14290790 |
|  |  | 61338651 |
| **Financials - 22.2%** | **Financials - 22.2%** |  |
| 891350 | AIA Group Ltd. | 9843527 |
| 526016 | AXA SA | 14652405 |
| 1118001 | ING Groep NV | 13618505 |
| 19090311 | Lloyds Banking Group PLC | 10417901 |
| 96307 | Macquarie Group Ltd. | 10871964 |
| 717247 | ORIX Corp. | 11480725 |
| 1437365 | Oversea-Chinese Banking Corp. Ltd. | 13074327 |
| 16960846 | PT Bank Rakyat Indonesia (Persero) Tbk. | 5377441 |
| 268835 | Sampo Oyj - Class A | 14041068 |
|  |  | 103377863 |
| **Health Care - 17.0%** | **Health Care - 17.0%** |  |
| 97989 | AstraZeneca PLC | 13259876 |
| 37808 | BioNTech SE - ADR <sup>1</sup> | 5679518 |
| 174883 | Dechra Pharmaceuticals PLC | 5512307 |
| 86117 | Eisai Company Ltd. | 5679596 |
| 81524 | Hoya Corp. | 7808253 |
| 146834 | Novartis AG - ADR | 13320781 |
| 57820 | Novo Nordisk A/S - Class B | 7852856 |
| 395841 | Roche Holding Ltd. - ADR | 15497175 |
| 13826 | Sartorius Stedim Biotech | 4492992 |
|  |  | 79103354 |
| **Industrials - 16.7%** | **Industrials - 16.7%** |  |
| 355176 | Assa Abloy AB - Class B | 7639575 |
| 561222 | Atlas Copco AB - Class B | 5988042 |
| 64971 | Daikin Industries | 9856985 |
| 1 | Ferguson PLC | 126 |
| 165137 | Kurita Water Industries Ltd. | 6820942 |
| 235716 | Prysmian SpA | 8758121 |
| 185047 | Recruit Holdings Company Ltd. | 5792337 |
| 90495 | Schneider Electric SE | 12708587 |
| 50671 | Spirax-Sarco Engineering PLC | 6472268 |
| 227381 | Vestas Wind Systems A/S | 6632854 |
| 404568 | Volvo AB - Class B | 7307954 |
|  |  | 77977791 |
| **Information Technology - 7.6%** | **Information Technology - 7.6%** |  |
| 329842 | Infineon Technologies AG | 10024497 |
| 17700 | Keyence Corp. | 6871933 |
| 67856 | SAP SE - ADR | 7002061 |
| 163989 | TDK Corp. | 5335152 |
| 157588 | Worldline SA <sup>1</sup> | 6171512 |
|  |  | 35405155 |
| **Materials - 3.1%** | **Materials - 3.1%** |  |
| 100878 | Croda International PLC | 8027768 |
| 13250 | LG Chem Ltd. | 6327263 |
|  |  | 14355031 |
| **Real Estate - 3.3%** | **Real Estate - 3.3%** |  |
| 2480416 | Hang Lung Properties Ltd. | 4831877 |
| 5368699 | Mirvac Group - REIT | 7767026 |
| 115164 | Vonovia SE | 2712843 |
|  |  | 15311746 |
| **Utilities - 3.6%** | **Utilities - 3.6%** |  |
| 85849 | Orsted A/S | 7761234 |
| 440055 | SSE PLC | 9050630 |
|  |  | 16811864 |
| **TOTAL COMMON STOCKS** (Cost $463,171,726) | **TOTAL COMMON STOCKS** (Cost $463,171,726) | 464021018 |
| **SHORT-TERM INVESTMENTS - 0.7%** | **SHORT-TERM INVESTMENTS - 0.7%** |  |
| **Money Market Funds - 0.7%** | **Money Market Funds - 0.7%** |  |
| 3197444 | First American Treasury Obligations Fund - Class X, 4.190% <sup>2</sup> | 3197444 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $3,197,444) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $3,197,444) | 3197444 |
| **TOTAL INVESTMENTS - 100.4%** (Cost $466,369,170) | **TOTAL INVESTMENTS - 100.4%** (Cost $466,369,170) | 467218462 |
| Liabilities in Excess of Other Assets - (0.4)% | Liabilities in Excess of Other Assets - (0.4)% | (2019688) |
| **NET ASSETS - 100.0%** | **NET ASSETS - 100.0%** | $465198774 |

---

---

| | |
|:---|:---|
| ADR | American Depositary Receipt |
| REIT | Real Estate Investment Trust |
| <sup>1</sup> | Non-income producing security. |
| <sup>2</sup> | Annualized seven-day effective yield as of December 31, 2022. |
|  | The Global Industry Classification Standard (GICS<sup>®</sup>) sector and industry classifications were developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor Financial Services, LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Service, LLC. |

---

------

---

| | |
|:---|:---|
| Country Allocation at December 31, 2022 (Unaudited) |  |
| Country | % of Net Assets <sup>1</sup> |
| Japan | 18.0% |
| United Kingdom | 16.7% |
| France | 11.2% |
| Germany | 9.4% |
| Sweden | 6.5% |
| Switzerland | 6.2% |
| Netherlands | 5.9% |
| Denmark | 4.8% |
| Australia | 4.0% |
| Hong Kong | 3.1% |
| Finland | 3.0% |
| Singapore | 2.8% |
| Italy | 1.9% |
| China | 1.9% |
| Ireland | 1.7% |
| Republic of Korea | 1.4% |
| Indonesia | 1.2% |

---

<sup>1</sup> Excludes short-term investments and liabilities in excess of other assets.

------

---

| |
|:---|
| **Boston Common ESG Impact International Fund**<br>**Summary of Fair Value Exposure at December 31, 2022 (Unaudited)** |
| The Boston Common ESG Impact International 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.<br> • 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.<br> • 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 December 31, 2022: |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Common Stocks** | | | | |
| Communication Services | $- | $18483841 | $- | $18483841 |
| Consumer Discretionary | 4484662 | 37371060 | - | 41855722 |
| Consumer Staples | 14290790 | 47047861 | - | 61338651 |
| Financials |  | 103377863 |  | 103377863 |
| Health Care | 34497473 | 44605881 | - | 79103354 |
| Industrials |  | 77977791 | - | 77977791 |
| Information Technology | 7002061 | 28403094 | - | 35405155 |
| Materials |  | 14355031 | - | 14355031 |
| Real Estate |  | 15311746 | - | 15311746 |
| Utilities |  | 16811864 | - | 16811864 |
| **Total Common Stocks** | 60274986 | 403746032 | - | 464021018 |
| **Short-Term Investments** | 3197444 | - | - | 3197444 |
| **Total Investments in Securities** | $63472430 | $403746032 | $- | $467218462 |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Professionally Managed Portfolios

- **b. Investment Company Act file number:** 811-05037

- **c. CIK number of Registrant:** 0000811030

- **d. LEI of Registrant:** 254900BPISCYGRJD2727

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 615 East Michigan Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 414-516-1523

**Item A.2. Information about the Series.**

- **a. Name of Series:** Boston Common ESG Impact International Fund

- **b. EDGAR series identifier (if any):** S000030907

- **c. LEI of Series:** 254900GJOYMZY372YI92

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-09-30

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $469040189.56

**Total Liabilities:** $566091.27

**Net Assets:** $468474098.29

**Cash Not Reported:** $2708.75

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000095889 | 5.31%                | 13.88%               | -2.80%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-7074142.42             | $30805161.65                               |
| Month 2  | $-6379912.02             | $65705194.91                               |
| Month 3  | $-8370736.58             | $-5271555.01                               |

### Schedule of Portfolio Investments

| Name                           | Title                                    | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Yamaha Corp                    | Yamaha Corp                              | CUSIP: N/A<br>LEI: 529900S5TENP3IJS7S02       | Long             | EC               | CORP              | JP        |    174730 | NS      | $6483849.02   | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| ORIX Corp                      | ORIX Corp                                | CUSIP: N/A<br>LEI: 35380016EMHNBOVYE123       | Long             | EC               | CORP              | JP        |    717247 | NS      | $11480724.64  | 2.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Novartis AG                    | Novartis AG                              | CUSIP: 66987V109<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |    146834 | NS      | $13320780.48  | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Rakyat Indonesia Persero  | Bank Rakyat Indonesia Persero Tbk PT     | CUSIP: N/A<br>LEI: 254900HB6S4B12GBNP64       | Long             | EC               | CORP              | ID        |  16960846 | NS      | $5377440.69   | 1.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Shimano Inc                    | Shimano Inc                              | CUSIP: N/A<br>LEI: 529900L32YT3P9DECR10       | Long             | EC               | CORP              | JP        |     36133 | NS      | $5709696.73   | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Shiseido Co Ltd                | Shiseido Co Ltd                          | CUSIP: N/A<br>LEI: 5299008QCD0YDT5OF506       | Long             | EC               | CORP              | JP        |    123557 | NS      | $6055989.14   | 1.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Sony Group Corp                | Sony Group Corp                          | CUSIP: N/A<br>LEI: 529900R5WX9N2OI2N910       | Long             | EC               | CORP              | JP        |     77661 | NS      | $5919447.30   | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| TDK Corp                       | TDK Corp                                 | CUSIP: N/A<br>LEI: 3538005O8WNU39U8NX03       | Long             | EC               | CORP              | JP        |    163989 | NS      | $5335152.03   | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| AXA SA                         | AXA SA                                   | CUSIP: N/A<br>LEI: F5WCUMTUM4RKZ1MAIE39       | Long             | EC               | CORP              | FR        |    526016 | NS      | $14652405.16  | 3.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG               | Roche Holding AG                         | CUSIP: 771195104<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |    395841 | NS      | $15497175.15  | 3.31%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                         | SAP SE                                   | CUSIP: 803054204<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |     67856 | NS      | $7002060.64   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever PLC                   | Unilever PLC                             | CUSIP: 904767704<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |    283829 | NS      | $14290790.15  | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Oversea-Chinese Banking Corp L | Oversea-Chinese Banking Corp Ltd         | CUSIP: N/A<br>LEI: 5493007O3QFXCPOGWK22       | Long             | EC               | CORP              | SG        |   1437365 | NS      | $13074327.41  | 2.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Volvo AB                       | Volvo AB                                 | CUSIP: 928856301<br>LEI: 549300HGV012CNC8JD22 | Long             | EC               | CORP              | SE        |    404568 | NS      | $7307953.58   | 1.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Prysmian SpA                   | Prysmian SpA                             | CUSIP: N/A<br>LEI: 529900X0H1IO3RS1A464       | Long             | EC               | CORP              | IT        |    235716 | NS      | $8758120.97   | 1.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Macquarie Group Ltd            | Macquarie Group Ltd                      | CUSIP: N/A<br>LEI: ACMHD8HWFMFUIQQ8Y590       | Long             | EC               | CORP              | AU        |     96307 | NS      | $10871963.89  | 2.32%             |  |  |  | No            |                  2 | On Loan: No      |
| AIA Group Ltd                  | AIA Group Ltd                            | CUSIP: N/A<br>LEI: ZP5ILWVSYE4LJGMMVD57       | Long             | EC               | CORP              | HK        |    891350 | NS      | $9843527.11   | 2.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Vonovia SE                     | Vonovia SE                               | CUSIP: N/A<br>LEI: 5299005A2ZEP6AP7KM81       | Long             | EC               | CORP              | DE        |    115164 | NS      | $2712843.29   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Ahold Delhaize NV  | Koninklijke Ahold Delhaize NV            | CUSIP: N/A<br>LEI: 724500C9GNBV20UYRX36       | Long             | EC               | CORP              | NL        |    486791 | NS      | $13995815.22  | 2.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Valeo                          | Valeo                                    | CUSIP: N/A<br>LEI: 5493006IH2N2WMIBB742       | Long             | EC               | CORP              | FR        |    243218 | NS      | $4345765.09   | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Essity AB                      | Essity AB                                | CUSIP: N/A<br>LEI: 549300G8E6YUVJ1DA153       | Long             | EC               | CORP              | SE        |    361268 | NS      | $9460593.36   | 2.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Novo Nordisk A/S               | Novo Nordisk A/S                         | CUSIP: N/A<br>LEI: 549300DAQ1CVT6CXN342       | Long             | EC               | CORP              | DK        |     57820 | NS      | $7852855.81   | 1.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Croda International PLC        | Croda International PLC                  | CUSIP: N/A<br>LEI: 2138004WCNBFJEEOXV26       | Long             | EC               | CORP              | GB        |    100878 | NS      | $8027767.84   | 1.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Ferguson PLC                   | Ferguson PLC                             | CUSIP: N/A<br>LEI: 213800DU1LGY3R2S2X42       | Long             | EC               | CORP              | GB        |         1 | NS      | $125.54       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlas Copco AB                 | Atlas Copco AB                           | CUSIP: W1R924229<br>LEI: 213800T8PC8Q4FYJZR07 | Long             | EC               | CORP              | SE        |    561222 | NS      | $5988042.40   | 1.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Vestas Wind Systems A/S        | Vestas Wind Systems A/S                  | CUSIP: N/A<br>LEI: 549300DYMC8BGZZC8844       | Long             | EC               | CORP              | DK        |    227381 | NS      | $6632854.47   | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Worldline SA/France            | Worldline SA/France                      | CUSIP: F9867T103<br>LEI: 549300CJMQNCA0U4TS33 | Long             | EC               | CORP              | FR        |    157588 | NS      | $6171512.24   | 1.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Recruit Holdings Co Ltd        | Recruit Holdings Co Ltd                  | CUSIP: N/A<br>LEI: 353800R2LRSMVVC4I806       | Long             | EC               | CORP              | JP        |    185047 | NS      | $5792337.08   | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Spirax-Sarco Engineering PLC   | Spirax-Sarco Engineering PLC             | CUSIP: N/A<br>LEI: 213800WFVZQMHOZP2W17       | Long             | EC               | CORP              | GB        |     50671 | NS      | $6472268.41   | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Assa Abloy AB                  | Assa Abloy AB                            | CUSIP: N/A<br>LEI: 549300YECS8HKCIMMB67       | Long             | EC               | CORP              | SE        |    355176 | NS      | $7639575.32   | 1.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Orsted AS                      | Orsted AS                                | CUSIP: N/A<br>LEI: W9NG6WMZIYEU8VEDOG48       | Long             | EC               | CORP              | DK        |     85849 | NS      | $7761234.15   | 1.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Sartorius Stedim Biotech       | Sartorius Stedim Biotech                 | CUSIP: N/A<br>LEI: 52990006IVXY7GCSSR39       | Long             | EC               | CORP              | FR        |     13826 | NS      | $4492992.43   | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| ING Groep NV                   | ING Groep NV                             | CUSIP: N/A<br>LEI: 549300NYKK9MWM7GGW15       | Long             | EC               | CORP              | NL        |   1118001 | NS      | $13618504.95  | 2.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Barratt Developments PLC       | Barratt Developments PLC                 | CUSIP: N/A<br>LEI: 2138006R85VEOF5YNK29       | Long             | EC               | CORP              | GB        |   1279096 | NS      | $6109372.04   | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd      | Alibaba Group Holding Ltd                | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | CN        |     50910 | NS      | $4484661.90   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| SSE PLC                        | SSE PLC                                  | CUSIP: N/A<br>LEI: 549300KI75VYLLMSK856       | Long             | EC               | CORP              | GB        |    440055 | NS      | $9050629.95   | 1.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC       | Lloyds Banking Group PLC                 | CUSIP: N/A<br>LEI: 549300PPXHEU2JF0AM85       | Long             | EC               | CORP              | GB        |  19090311 | NS      | $10417900.93  | 2.22%             |  |  |  | No            |                  2 | On Loan: No      |
| BioNTech SE                    | BioNTech SE                              | CUSIP: 09075V102<br>LEI: 894500UZJ5LG1F8J1U58 | Long             | EC               | CORP              | DE        |     37808 | NS      | $5679517.76   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Dechra Pharmaceuticals PLC     | Dechra Pharmaceuticals PLC               | CUSIP: G2769C145<br>LEI: 213800J4UVB5OWG8VX82 | Long             | EC               | CORP              | GB        |    174883 | NS      | $5512307.25   | 1.18%             |  |  |  | No            |                  2 | On Loan: No      |
| AstraZeneca PLC                | AstraZeneca PLC                          | CUSIP: G0593M107<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |     97989 | NS      | $13259876.19  | 2.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Burberry Group PLC             | Burberry Group PLC                       | CUSIP: N/A<br>LEI: 213800PE1KEFCNFR1R50       | Long             | EC               | CORP              | GB        |    189518 | NS      | $4607615.71   | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| First American Treasury Obliga | First American Treasury Obligations Fund | CUSIP: 31846V328<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   3197444 | NS      | $3197444.12   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| L'Oreal SA                     | L'Oreal SA                               | CUSIP: N/A<br>LEI: 529900JI1GG6F7RKVI53       | Long             | EC               | CORP              | FR        |     26910 | NS      | $9636375.11   | 2.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Kerry Group PLC                | Kerry Group PLC                          | CUSIP: G52416107<br>LEI: 635400TLVVBNXLFHWC59 | Long             | EC               | CORP              | IE        |     87447 | NS      | $7899088.19   | 1.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Schneider Electric SE          | Schneider Electric SE                    | CUSIP: N/A<br>LEI: 969500A1YF1XUYYXS284       | Long             | EC               | CORP              | FR        |     90495 | NS      | $12708586.70  | 2.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Sampo Oyj                      | Sampo Oyj                                | CUSIP: N/A<br>LEI: 743700UF3RL386WIDA22       | Long             | EC               | CORP              | FI        |    268835 | NS      | $14041067.96  | 3.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Telekom AG            | Deutsche Telekom AG                      | CUSIP: N/A<br>LEI: 549300V9QSIG4WX4GJ96       | Long             | EC               | CORP              | DE        |    928999 | NS      | $18483841.20  | 3.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Infineon Technologies AG       | Infineon Technologies AG                 | CUSIP: N/A<br>LEI: TSI2PJM6EPETEQ4X1U25       | Long             | EC               | CORP              | DE        |    329842 | NS      | $10024497.17  | 2.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Hang Lung Properties Ltd       | Hang Lung Properties Ltd                 | CUSIP: N/A<br>LEI: 529900CIVTNMXQT59E61       | Long             | EC               | CORP              | HK        |   2480416 | NS      | $4831876.55   | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Mirvac Group                   | Mirvac Group                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   5368699 | NS      | $7767026.15   | 1.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Daikin Industries Ltd          | Daikin Industries Ltd                    | CUSIP: N/A<br>LEI: 549300Y7FWSTSHMW5Y57       | Long             | EC               | CORP              | JP        |     64971 | NS      | $9856984.65   | 2.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Eisai Co Ltd                   | Eisai Co Ltd                             | CUSIP: N/A<br>LEI: 353800HDEE0ZYEX4QV91       | Long             | EC               | CORP              | JP        |     86117 | NS      | $5679595.81   | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| LG Chem Ltd                    | LG Chem Ltd                              | CUSIP: N/A<br>LEI: 988400IES4EIG7O06940       | Long             | EC               | CORP              | KR        |     13250 | NS      | $6327263.23   | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Hoya Corp                      | Hoya Corp                                | CUSIP: J22848105<br>LEI: 353800X4VR3BHEUCJB42 | Long             | EC               | CORP              | JP        |     81524 | NS      | $7808253.32   | 1.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Keyence Corp                   | Keyence Corp                             | CUSIP: N/A<br>LEI: 529900M7PQBS7A89DZ11       | Long             | EC               | CORP              | JP        |     17700 | NS      | $6871932.65   | 1.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Kurita Water Industries Ltd    | Kurita Water Industries Ltd              | CUSIP: J37221116<br>LEI: 52990086GS2ON69UMX34 | Long             | EC               | CORP              | JP        |    165137 | NS      | $6820941.85   | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| BYD Co Ltd                     | BYD Co Ltd                               | CUSIP: N/A<br>LEI: 5299005557VL7ULJ7A69       | Long             | EC               | CORP              | CN        |    171000 | NS      | $4195313.49   | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-22

**Name of Applicant:** Professionally Managed Portfolios

**Signature:** Jennifer Smith

**Name of Signer:** Jennifer Smith

**Title:** Assistant Treasurer