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PAXWX Pax Balanced Individual Investor

  • Fund
  • PAXWX
  • Price as of: Dec 15, 2017
  • $22.61
  • + $0.08
  • + 0.36%
  • Category
  • Diversified Portfolio

PAXWX - Profile

Vitals

  • YTD Return 1.2%
  • 3 Yr Annualized Return 5.4%
  • 5 Yr Annualized Return 8.4%
  • Net Assets $1.99 B
  • Holdings in Top 10 99.6%

52 WEEK LOW AND HIGH

$22.61
$21.20
$23.92

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.87%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 49.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

N/A

Investment Themes

CATEGORY

Diversified Portfolio
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--50% to 70% Equity

Distributions

  • YTD Total Return 1.2%
  • 3 Yr Annualized Total Return 5.4%
  • 5 Yr Annualized Total Return 8.4%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.31%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name Pax Balanced Fund
  • Fund Family Name Pax World
  • Inception Date Aug 10, 1971
  • Shares Outstanding N/A
  • Share Class Inv
  • Currency USD
  • Domiciled Country United States
  • Manager Christopher H. Brown

PAXWX - Performance

Return Ranking - Trailing

Period PAXWX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.2% -56.6% 455.1% 77.42% 5
1 Yr 13.4% -26.7% 45.9% 34.53% 2
3 Yr 5.4% * -11.4% 12.2% 35.70% 2
5 Yr 8.4% * -11.6% 15.7% 33.22% 2
10 Yr 4.4% * -6.3% 9.0% 63.68% 4

* Annualized


Return Ranking - Calendar

Period PAXWX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 2.7% -65.8% 23.3% 43.85% 3
2015 -8.2% -37.7% 48.7% 61.99% 4
2014 -3.1% -59.3% 22.9% 66.97% 4
2013 3.1% -17.5% 36.4% 66.27% 4
2012 9.5% -16.2% 18.4% 31.98% 2

Total Return Ranking - Trailing

Period PAXWX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.2% -56.6% 455.1% 77.25% 5
1 Yr 13.4% -28.0% 73.2% 27.05% 2
3 Yr 5.4% * -11.4% 28.2% 29.61% 2
5 Yr 8.4% * -11.9% 15.7% 29.99% 2
10 Yr 4.4% * -6.3% 9.0% 61.81% 4

* Annualized


Total Return Ranking - Calendar

Period PAXWX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 4.3% -65.6% 32.0% 42.63% 3
2015 -0.6% -29.3% 50.4% 22.99% 2
2014 10.0% -54.8% 25.4% 11.09% 1
2013 24.2% -16.7% 57.2% 18.93% 1
2012 18.2% -16.2% 74.5% 16.67% 1

NAV & Total Return History

PAXWX - Holdings

Filings data as of: Sep 30, 2017

Concentration Analysis

PAXWX Category Low Category High PAXWX % Rank Quintile
Net Assets 1.99 B 81.4 K 121 B 5.39% 2
Number of Holdings 6 1 12849 15.87% 5
Net Assets in Top 10 1.95 B -654 M 23.3 B 2.88% 1
Weighting of Top 10 99.6% 0.2% 455.9% 1.60% 1

Top 10 Holdings

  1. Pax Large Cap Fund Institutional 38.32%
  2. Pax Core Bond Fund Institutional 34.91%
  3. Pax Mid Cap Institutional 7.05%
  4. Pax MSCI EAFE ESG Leaders Index Instl 12.01%
  5. Pax ESG Beta Dividend Fund Institutional 7.33%

Asset Allocation

Weighting Category Low Category High PAXWX % Rank Quintile
Stocks
63.11% -1.21% 146.47% 11.33% 2
Bonds
34.15% -109.09% 124.94% 15.67% 3
Cash
1.24% -149.38% 110.98% 25.34% 5
Other
1.06% -6.08% 98.84% 13.45% 3
Preferred Stocks
0.44% -0.04% 119.94% 8.78% 3
Convertible Bonds
0.00% 0.00% 33.12% 7.96% 4

Stock Sector Breakdown

Weighting Category Low Category High PAXWX % Rank Quintile
Financial Services
11.38% -8.51% 69.58% 8.91% 2
Technology
10.41% -6.57% 70.04% 10.48% 2
Healthcare
8.51% -8.22% 31.05% 7.48% 2
Industrials
7.25% -2.74% 48.84% 9.10% 2
Consumer Defense
6.62% -2.25% 27.69% 3.28% 1
Consumer Cyclical
6.29% -10.84% 54.37% 12.01% 3
Energy
4.11% -4.89% 33.81% 8.13% 2
Communication Services
3.19% -1.63% 27.16% 3.74% 1
Basic Materials
2.98% -2.54% 21.85% 8.18% 2
Real Estate
1.49% -3.87% 87.96% 14.18% 3
Utilities
0.87% -2.48% 47.20% 11.82% 4

Stock Geographic Breakdown

Weighting Category Low Category High PAXWX % Rank Quintile
US
49.92% -97.12% 143.85% 9.97% 2
Non US
13.19% -11.38% 150.81% 14.68% 3

Bond Sector Breakdown

Weighting Category Low Category High PAXWX % Rank Quintile
Government
13.77% -339.71% 106.48% 10.48% 2
Corporate
9.92% 0.00% 212.43% 20.68% 4
Securitized
9.14% -0.01% 64.34% 10.16% 2
Municipal
1.77% 0.00% 207.05% 2.56% 1
Cash & Equivalents
1.24% -145.53% 110.98% 24.52% 5
Derivative
0.00% -84.53% 24.98% 3.71% 2

Bond Geographic Breakdown

Weighting Category Low Category High PAXWX % Rank Quintile
US
32.78% -186.20% 130.41% 12.12% 2
Non US
1.37% -57.44% 165.66% 22.00% 5

PAXWX - Expenses

Operational Fees

PAXWX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.87% 0.00% 165.34% 15.30% 2
Management Fee 0.05% 0.00% 2.55% 5.35% 1
12b-1 Fee 0.25% 0.00% 1.00% 1.33% 2
Administrative Fee N/A 0.00% 0.83% N/A N/A

Sales Fees

PAXWX Fees (% of AUM) Category Low Category High PAXWX Rank Quintile
Front Load N/A 0.14% 5.75% N/A N/A
Deferred Load N/A 0.75% 5.50% N/A N/A

Trading Fees

PAXWX Fees (% of AUM) Category Low Category High PAXWX Rank Quintile
Max Redemption Fee N/A 0.11% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PAXWX Fees (% of AUM) Category Low Category High PAXWX Rank Quintile
Turnover 49.00% 0.00% 5910.00% 10.04% 3

PAXWX - Distributions

Dividend Yield Analysis

PAXWX Category Low Category High PAXWX % Rank Quintile
Dividend Yield 0.4% 0.00% 11.33% 12.42% 1

Dividend Distribution Analysis

PAXWX Category Low Category High Category Mode
Dividend Distribution Frequency Semi-Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

PAXWX Category Low Category High PAXWX % Rank Quintile
Net Income Ratio 1.31% -3.27% 12.91% 13.65% 3

Capital Gain Distribution Analysis

PAXWX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Daily Annually

PAXWX - Managers

Christopher H. Brown

Lead Manager

Start Date

Apr 15, 1998

Tenure

19.64

Tenure Rank

0.5%

Chris Brown is Chief Investment Strategist for Pax World Funds and a member of the portfolio management team for the Pax Balanced Fund, Pax Large Cap Fund and Pax MSCI EAFE ESG Leaders Index Fund. He has been with Pax World Management LLC since 1998, when he joined the company as Co-Portfolio Manager of the Pax Balanced Fund. He is a graduate of the Boston University School of Management with a concentration in finance.


Nathan Moser

Manager

Start Date

Jan 02, 2015

Tenure

2.91

Tenure Rank

5.9%

Nathan Moser is Vice President and Portfolio Manager of the Pax Small Cap Fund and the Pax Mid Cap Fund. Nathan is also a member of the portfolio management team for the Pax Balanced Fund. Mr. Moser has been responsible for management of the Small Cap Fund since its inception in 2008 and has been a member of the portfolio management team of the Balanced Fund since 2015. He joined Pax World in 2008 from Citizens Funds, where he worked for six years, first as an equity analyst and then as portfolio manager. He started his career with John Hancock Funds, where he was an equity analyst. Mr. Moser holds a Bachelor of Science from Babson College, is a CFA® charterholder and member of the CFA Society Boston.


Anthony Trzcinka

Manager

Start Date

Dec 31, 2005

Tenure

11.92

Tenure Rank

1.6%

Anthony Trzcinka, CFA. Mr. Trzcinka has been a portfolio manager with the Pax World Management LLC since 2003. Before joining the firm, Mr. Trzcinka spent more than three years at AEW Capital Management as an Assistant Vice President, and prior to that had more than 10 years of overall finance experience. Mr. Trzcinka has a Master of Business Administration from Northeastern University and a Bachelor of Arts from the University of Massachusetts and holds the CFA designation. Mr. Trzcinka is a member of the Boston Security Analyst Society and the CFA Institute.


Peter Schwab

Manager

Start Date

Sep 30, 2017

Tenure

0.17

Tenure Rank

7.8%

Peter Schwab, CFA, is Senior Vice President and Portfolio Manager of the Pax High Yield Bond Strategies. He is a CFA charter holder, a member of the New York Society of Security Analysts and holds the Series 7 and 63 registrations. Peter is a registered representative of ALPS Distributors, Inc.


Steven A. Falci

Manager

Start Date

Sep 30, 2017

Tenure

0.17

Tenure Rank

7.8%

Falci is the Chief Investment Officer, Equities for Calvert Asset Management. Prior to joining Calvert Falci was a portfolio manager for Mellon Equity Associates and The Dreyfus Corporation. He was also a senior vice president at Mellon Equity Associates. Prior to joining Mellon in April 1994, he was the managing director of pension investments at NYNEX Corporation. Falci holds the Chartered Financial Analyst designation and he is a member of the Association for Investment Management and Research.


Andrew I. Braun

Manager

Start Date

Sep 30, 2017

Tenure

0.17

Tenure Rank

7.8%

Andrew Braun Managing Director, US Value Equity Co-CIO, Portfolio Manager Andy is Co-CIO and portfolio manager of the US Value Equity Team, where he oversees the portfolio management and investment research efforts for the firm's US Value Equity accounts. Andy has 21 years of industry experience and has been a member of the US Value Equity team since 1997. He currently has research responsibility for banks, specialty finance and broker dealers. He has also covered insurance, basic materials, environmental services and transportation stocks throughout his tenure at Goldman Sachs. He joined GSAM in 1993 where he was responsible for product development and strategy for mutual fund and institutional clients. Prior to that, Andy worked in the Corporate Finance Department at Dillon Read. He received a BA in Economics from Harvard University and an MBA in Finance and Economics from the Stern School of Business at New York University.


Tenure Analysis

Category Low

0.0

Category High

49.6

Category Average

5.65

Category Mode

0.7