Fund Evaluator:
Boston Common ESG Impact Em Mkts (BCEMX)
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Best Performing in Diversified Emerging Mkts Over the Last Year
| 55.1% | Invesco Emerging Markets ex-China Y (GTDYX) |
| 51.1% | WCM Focused Emerging Mkts Ex Chn Inv (WCFEX) |
| 47.2% | Matthews Emerging Markets Sust Fut Inv (MASGX) |
| 46.5% | Lazard Emerging Markets Equity Instl (LZEMX) |
| 46.5% | LSV Emerging Markets Equity Inv (LVAZX) |
Fund Details
Boston Common ESG Impact Em Mkts Overview
Boston Common ESG Impact Em Mkts (BCEMX) is an actively managed International Equity Diversified Emerging Mkts fund. Boston Common launched the fund in 2021.
The investment seeks long-term capital appreciation. The Adviser seeks to preserve and build capital over the long term through investing in a diversified portfolio of common stocks, ADRs, EDRs and GDRs of companies the Adviser believes are high quality (lower debt/total capital, earnings stability and stable cash flow), sustainable and undervalued. The fund will normally invest at least 80% of its net assets, plus borrowings for investment purposes, in the equity securities of companies either located in emerging market countries or which derive the majority of their revenue from emerging market countries and that meet the Adviser’s ESG criteria.
About Boston Common ESG Impact Em Mkts (BCEMX)
There are 3 members of the management team with an average tenure of 4.86 years: Matthew Zalosh (2021), Liz Su (2021), Praveen Abichandani (2021). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI EM NR USD index with a weighting of 100%. Boston Common ESG Impact Em Mkts has 58 securities in its portfolio. The top 10 holdings constitute 49.3% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is considered to have an ESG focus with its investment selection and management.
Boston Common ESG Impact Em Mkts is part of the Equity global asset class and is within the International Equity fund group. Boston Common ESG Impact Em Mkts has 98.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 98.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Boston Common ESG Impact Em Mkts has 1.3% of the portfolio in cash.
Assets Under Management
The fund has $123 million in total assets, which is below the $967 million average for the Diversified Emerging Mkts category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
BCEMX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Boston Common ESG Impact Em Mkts expense ratio is high compared to funds in the Diversified Emerging Mkts category. Boston Common ESG Impact Em Mkts has an expense ratio of 0.99%, which is 14% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Boston Common ESG Impact Em Mkts has a portfolio turnover rate of 27%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 68% for the Diversified Emerging Mkts category.
Recently, in the month of July 2026, Boston Common ESG Impact Em Mkts returned -8.5%, which earned it a grade of F, as the Diversified Emerging Mkts category had an average return of -4.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Boston Common ESG Impact Em Mkts has a trailing yield of 1.93%, which is above the 1.72% category average. The fund normally distributes its income annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Boston Common ESG Impact Em Mkts Grades
Year to date, the fund has returned 12.9%, 6.1 percentage points worse than the category, which translates into a grade of F. The fund has returned 33.9% over the past year (grade of D) and 17.3% over the past three years (grade of C).
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BCEMX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| BCEMX Return (NAV) | -8.5% | -2.5% | 33.9% | 17.3% | na | na |
| BCEMX Grade | F | F | D | C | na | na |
| +/- Category | -3.5% | -4.9% | -2.0% | -0.6% | na | na |
| Diversified Emerging Mkts Avg | -4.9% | 2.4% | 35.9% | 17.9% | 6.5% | 8.7% |
| BCEMX Tax Cost Ratio | na | na | 0.9% | 0.9% | na | na |
BCEMX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| BCEMX Return (NAV) | 12.9% | 37.1% | 8.7% | 6.4% | -17.3% | na | na | na | na | na | na |
| BCEMX Grade | F | A | B | F | A | na | na | na | na | na | na |
| +/- Category | -6.1% | 5.6% | 2.4% | -5.8% | 5.3% | na | na | na | na | na | na |
| Diversified Emerging Mkts Avg | 19.1% | 31.4% | 6.2% | 12.1% | -22.6% | -0.2% | 21.6% | 21.9% | -16.4% | 36.6% | 8.6% |
| Risk Measures | |
| Standard Deviation: | 17.6% |
| Total Risk Index: | 1.43 - High |
| Category Risk Index: | 1.05 - Above Average |
| Category Risk Grade: | D (73% Rank) |
| Beta: | 1.08 |
| R-Squared: | 73% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 1.9% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | |
| Total Assets: | $123 Mil |
| Fund Total Assets: | $ 124 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | 27% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 4.9 years | |||
| Average Tenure: 4.9 years | |||
| Managers (Year): Zalosh Matthew (2021), Su Liz (2021), Abichandani Praveen (2021) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 58 |
| % in Top 10 Holdings: | 49.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 98.7% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 98.7% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.3% |
Purchase Information
| Fund Family: | Boston Common |
| Phone Number: | 877-777-6944 |
| Website: |
| Status: | Open |
| Inception Date: | September 20, 2021 |
| Min. Initial Purchase: | $10,000 |
| Min. Initial IRA Purchase: | $10,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 2.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.99% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.16% |
| Share Class: | Boston Common ESG Impact Em Mkts |
| Min. Subsequent Purchase: | $1,000 |
| Min. Subsequent IRA Purchase: | $1,000 |
