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PAXWX Pax Balanced Individual Investor

  • Fund
  • PAXWX
  • Price as of: Dec 06, 2016
  • $22.53
  • + $0.05
  • + 0.22%
  • Category
  • Diversified Portfolio

PAXWX - Profile

Vitals

  • YTD Return 3.5%
  • 3 Yr Annualized Return 4.4%
  • 5 Yr Annualized Return 7.5%
  • Net Assets $1.87 B
  • Holdings in Top 10 31.8%

52 WEEK LOW AND HIGH

$22.53
$20.36
$23.46

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.90%

SALES FEES

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

BROKERAGE FEES

  • Turnover 61.00%

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 5.2%
  • 3 Yr Annualized Total Return 4.4%
  • 5 Yr Annualized Total Return 7.5%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.08%
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 3.5% -66.0% 21.5% 53.27% 3
1 Yr 3.1% -35.0% 45.9% 43.95% 3
3 Yr 4.4% * -13.6% 11.8% 18.02% 1
5 Yr 7.5% * -11.6% 13.2% 31.69% 2
10 Yr 4.0% * -5.0% 8.2% 54.55% 3

* Annualized


Return Ranking - Calendar

Period PAXWX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -8.2% -37.7% 48.7% 60.66% 4
2014 -3.1% -59.3% 14.8% 66.09% 4
2013 3.1% -17.5% 36.4% 65.30% 4
2012 9.5% -16.2% 18.4% 31.88% 2
2011 -3.1% -30.5% 7.4% 51.04% 4

Total Return Ranking - Trailing

Period PAXWX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 5.2% -65.8% 30.1% 49.95% 3
1 Yr 3.1% -38.3% 73.2% 42.15% 3
3 Yr 4.4% * -14.6% 28.2% 19.27% 1
5 Yr 7.5% * -11.9% 13.2% 35.74% 2
10 Yr 4.0% * -5.0% 8.2% 59.89% 4

* Annualized


Total Return Ranking - Calendar

Period PAXWX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.6% -29.3% 50.4% 21.17% 2
2014 10.0% -54.8% 25.4% 10.68% 1
2013 24.2% -16.7% 57.2% 18.59% 1
2012 18.2% -16.2% 74.5% 16.48% 1
2011 -2.9% -25.3% 15.8% 72.40% 4

NAV & Total Return History

PAXWX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

PAXWX Category Low Category High PAXWX % Rank Quintile
Net Assets 1.87 B 81.4 K 99.4 B 5.89% 2
Number of Holdings 283 1 12494 8.70% 2
Net Assets in Top 10 604 M -654 M 20.2 B 6.64% 2
Weighting of Top 10 31.8% 0.2% 272.7% 21.60% 4

Top 10 Holdings

  1. US Treasury Note 2.375% 2.19%
  2. Pax MSCI International ESG Idx Instl 8.67%
  3. American Tower Corp 1.96%
  4. Microsoft Corp 1.94%
  5. Johnson & Johnson 1.80%
  6. Pax Mid Cap Institutional 8.88%
  7. Chubb Ltd 1.63%
  8. Apple Inc 1.98%
  9. Qualcomm Inc 1.41%
  10. Zoetis Inc 1.37%

Asset Allocation

Weighting Category Low Category High PAXWX % Rank Quintile
Stocks
63.72% -49.32% 147.79% 9.32% 2
Bonds
32.36% -41.48% 107.98% 18.50% 3
Cash
3.78% -55.49% 139.25% 20.09% 4
Other
0.15% -18.85% 98.84% 17.71% 5
Convertible Bonds
0.00% 0.00% 33.12% 7.46% 4
Preferred Stocks
0.00% -1.01% 35.22% 8.92% 5

Stock Sector Breakdown

Weighting Category Low Category High PAXWX % Rank Quintile
Technology
10.97% -8.03% 70.04% 6.64% 2
Financial Services
10.78% -5.07% 69.58% 7.24% 2
Healthcare
9.99% -1.46% 29.90% 4.83% 1
Consumer Defense
7.19% -4.74% 27.69% 3.53% 1
Industrials
6.39% -4.92% 48.84% 10.58% 2
Consumer Cyclical
5.36% -6.02% 54.37% 14.07% 3
Communication Services
4.51% -2.53% 27.16% 1.72% 1
Energy
4.19% -2.68% 33.46% 8.73% 2
Basic Materials
1.87% -2.13% 21.85% 11.14% 3
Utilities
1.83% -7.18% 47.20% 7.38% 2
Real Estate
0.65% -8.01% 48.98% 17.50% 4

Stock Geographic Breakdown

Weighting Category Low Category High PAXWX % Rank Quintile
US
53.29% -97.12% 142.85% 7.92% 1
Non US
10.43% -2.98% 150.26% 14.97% 3

Bond Sector Breakdown

Weighting Category Low Category High PAXWX % Rank Quintile
Government
12.36% -91.64% 76.37% 11.12% 2
Securitized
9.39% -0.01% 40.54% 10.25% 2
Corporate
8.78% -20.43% 93.55% 22.56% 4
Cash & Equivalents
3.78% -54.77% 138.37% 19.54% 3
Municipal
1.83% 0.00% 91.28% 2.56% 1
Derivative
0.00% -84.53% 36.75% 3.30% 2

Bond Geographic Breakdown

Weighting Category Low Category High PAXWX % Rank Quintile
US
31.07% -154.38% 94.16% 13.78% 3
Non US
1.29% -57.44% 198.64% 22.70% 5

PAXWX - Expenses

Operational Fees

PAXWX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.90% 0.00% 165.34% 14.93% 2
Management Fee 0.50% 0.00% 2.55% 3.58% 3
12b-1 Fee 0.25% 0.00% 1.00% 0.95% 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 61.00% 0.00% 5609.00% 9.78% 3

PAXWX - Distributions

Dividend Yield Analysis

PAXWX Category Low Category High PAXWX % Rank Quintile
Dividend Yield 0.4% 0.00% 11.33% 12.20% 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 1.08% -2.96% 9.94% 14.79% 4

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

18.64

Tenure Rank

0.7%

Christopher H. Brown is Chief Investment Officer for Pax World Management LLC. Mr. Brown has been a portfolio manager with the firm since 1998. Prior to joining Pax World, Mr. Brown was a Senior Manager at Fahnestock and Co., Inc., a New York Stock Exchange brokerage firm, from 1987 to 1998, and First Vice President from 1994 and 1998. Mr. Brown also was a Senior Vice President of H.G. Wellington and Co., Inc., from April 1998 to July 2006, where he served as an adviser on separately managed accounts. Mr. Brown is a graduate of the Boston University School of Management with a concentration in Finance.


Nathan Moser

Manager

Start Date

Jan 02, 2015

Tenure

1.91

Tenure Rank

7.2%

Nathan Moser is the Portfolio Manager of Pax World Management LLC since 2008. Prior to joining PWM, Mr. Moser was a portfolio manager and equity analyst with Citizens Funds since 2002. Mr. Moser holds a Bachelor of Science from Babson College. He is a Chartered Financial Analyst and a CFA Charterholder.


Anthony Trzcinka

Manager

Start Date

Dec 31, 2005

Tenure

10.92

Tenure Rank

2.0%

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.


Tenure Analysis

Category Low

0.0

Category High

35.9

Category Average

5.42

Category Mode

4.8