PAXIX: Pax Balanced Institutional

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PAXIX Pax Balanced Institutional


Profile

PAXIX - Profile

Vitals

  • YTD Return -3.6%
  • 3 Yr Annualized Return -1.5%
  • 5 Yr Annualized Return -1.2%
  • Net Assets $1.78 B
  • Holdings in Top 10 97.5%

52 WEEK LOW AND HIGH

$22.90
$19.36
$25.68

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.05%

SALES FEES

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

BROKERAGE FEES

  • Turnover 12.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $250,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--50% to 70% Equity

Distributions

  • YTD Total Return -3.6%
  • 3 Yr Annualized Total Return 3.2%
  • 5 Yr Annualized Total Return 3.9%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.80%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name
    Pax Sustainable Allocation Fund
  • Fund Family Name
    Pax World
  • Inception Date
    Apr 02, 2007
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Anthony Trzcinka

Fund Description

The fund follows a multi-asset environmental, social and governance (ESG) strategy that invests in underlying funds that integrate ESG analysis into security selection and portfolio construction. The adviser normally expects to invest approximately 50-75% of its assets in equity securities and 25-50% of its assets in debt securities (including but not limited to debt securities convertible into equity securities).


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Categories

Performance

PAXIX - Performance

Return Ranking - Trailing

Period PAXIX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.6% -47.5% 31.3% 30.43%
1 Yr -2.0% -56.5% 43.8% 48.78%
3 Yr -1.5%* -38.9% 15.2% 54.43%
5 Yr -1.2%* -35.9% 9.3% 52.95%
10 Yr 1.7%* -37.5% 11.2% 59.68%

* Annualized

Return Ranking - Calendar

Period PAXIX Return Category Return Low Category Return High Rank in Category (%)
2019 10.7% -50.4% 46.8% 58.05%
2018 -6.7% -31.8% 11.7% 21.85%
2017 1.7% -44.7% 46.3% 87.23%
2016 2.7% -29.9% 420.6% 58.25%
2015 -8.1% -57.4% 14.6% 73.66%

Total Return Ranking - Trailing

Period PAXIX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.6% -47.5% 31.3% 30.43%
1 Yr -2.0% -56.5% 43.8% 48.78%
3 Yr 3.2%* -38.9% 15.2% 16.46%
5 Yr 3.9%* -35.9% 9.3% 13.94%
10 Yr 7.3%* -37.5% 11.7% 19.59%

* Annualized

Total Return Ranking - Calendar

Period PAXIX Return Category Return Low Category Return High Rank in Category (%)
2019 10.7% -50.4% 46.8% 59.66%
2018 -3.8% -27.6% 11.7% 18.10%
2017 13.4% -44.7% 46.3% 22.81%
2016 6.1% -29.9% 420.6% 47.97%
2015 -0.2% -57.4% 14.6% 20.41%

NAV & Total Return History


Holdings

PAXIX - Holdings

Concentration Analysis

PAXIX Category Low Category High PAXIX % Rank
Net Assets 1.78 B 100 K 153 B 23.43%
Number of Holdings 10 2 13456 91.48%
Net Assets in Top 10 1.63 B -35.2 M 27.1 B 14.02%
Weighting of Top 10 97.45% 5.5% 100.0% 3.60%

Top 10 Holdings

  1. Pax Large Cap Fund Institutional 38.27%
  2. Pax Core Bond Fund Institutional 37.52%
  3. Pax MSCI EAFE ESG Leaders Index Instl 7.28%
  4. Pax ESG Beta Dividend Fund Institutional 5.66%
  5. Pax Small Cap Institutional 2.38%
  6. Pax Ellevate Glbl Women’s Ldrsp Inst 1.93%
  7. Pax Global Environmental Mrkts Instl 1.72%
  8. Pax Global Opportunities Institutional 1.50%
  9. Pax High Yield Bond Institutional 1.20%

Asset Allocation

Weighting Return Low Return High PAXIX % Rank
Stocks
57.09% -113.74% 77.36% 30.11%
Bonds
37.09% -7.02% 80.79% 64.07%
Cash
5.64% -120.83% 149.68% 46.73%
Convertible Bonds
0.16% -0.67% 52.57% 66.67%
Preferred Stocks
0.01% 0.00% 36.61% 62.62%
Other
0.01% -4.42% 167.50% 49.84%

Stock Sector Breakdown

Weighting Return Low Return High PAXIX % Rank
Technology
19.49% 0.00% 100.00% 38.90%
Financial Services
16.47% 0.00% 62.98% 26.81%
Healthcare
15.57% 0.00% 54.35% 34.07%
Industrials
11.46% 0.00% 99.44% 23.85%
Communication Services
10.05% 0.00% 26.69% 26.92%
Consumer Cyclical
8.76% 0.00% 33.58% 58.46%
Consumer Defense
8.36% 0.00% 18.41% 37.03%
Real Estate
4.28% 0.00% 99.96% 44.18%
Basic Materials
3.60% 0.00% 19.70% 31.65%
Utilities
1.86% 0.00% 100.00% 78.57%
Energy
0.10% 0.00% 100.00% 94.40%

Stock Geographic Breakdown

Weighting Return Low Return High PAXIX % Rank
US
47.55% -112.30% 75.95% 35.31%
Non US
9.54% -3.33% 33.55% 22.53%

Bond Sector Breakdown

Weighting Return Low Return High PAXIX % Rank
Securitized
27.91% 0.00% 85.82% 26.38%
Corporate
27.26% 0.00% 100.00% 63.14%
Government
26.93% 0.00% 90.31% 35.72%
Cash & Equivalents
13.18% -3.87% 100.00% 43.82%
Municipal
4.72% 0.00% 99.50% 6.65%
Derivative
0.00% 0.00% 69.90% 88.47%

Bond Geographic Breakdown

Weighting Return Low Return High PAXIX % Rank
US
34.22% -8.49% 88.92% 63.34%
Non US
2.87% -14.78% 29.41% 54.41%

Expenses

PAXIX - Expenses

Operational Fees

PAXIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.05% 0.01% 7.41% 99.26%
Management Fee 0.05% 0.00% 2.00% 13.51%
12b-1 Fee 0.00% 0.00% 1.00% 14.21%
Administrative Fee N/A 0.01% 0.83% N/A

Sales Fees

PAXIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

PAXIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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.

PAXIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 12.00% 0.00% 574.00% 15.42%

Distributions

PAXIX - Distributions

Dividend Yield Analysis

PAXIX Category Low Category High PAXIX % Rank
Dividend Yield 0.00% 0.00% 10.77% 78.30%

Dividend Distribution Analysis

PAXIX Category Low Category High Category Mod
Dividend Distribution Frequency Semi-Annually Annually Monthly Annually

Net Income Ratio Analysis

PAXIX Category Low Category High PAXIX % Rank
Net Income Ratio 1.80% -49.00% 6.65% 50.84%

Capital Gain Distribution Analysis

PAXIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

PAXIX - Fund Manager Analysis

Managers

Anthony Trzcinka


Start Date

Tenure

Tenure Rank

Dec 31, 2005

14.34

14.3%

Tony has been responsible for multiple strategies during his tenure at Impax Asset Management LLC, formerly Pax World Management LLC. He joined the firm in 2003 from AEW Capital Management where he spent over three years as an Assistant Vice President working in a Senior Analyst role. He began his financial services career as an analyst in 1999.

Nathan Moser


Start Date

Tenure

Tenure Rank

Jan 02, 2015

5.33

5.3%

Nathan Moser is SVP and Portfolio Manager of the Pax Small Cap Fund and the Pax Mid Cap Fund at Impax Asset Management LLC and a Senior Vice President at Pax World Funds. Nathan is also a member of the portfolio management team of the Pax Balanced Fund. Nathan has been responsible for management of the Pax 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 the firm 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. Nathan holds a Bachelor of Science from Babson College, is a CFA® charterholder and member of the CFA Society Boston. CFA® is a trademark owned by the CFA Institute.

Peter Schwab


Start Date

Tenure

Tenure Rank

Sep 30, 2017

2.58

2.6%

Peter is SVP and Portfolio Manager of the Pax High Yield Bond Fund at Impax Asset Management LLC and a Senior Vice President at Pax World Funds. Peter is also a member of the portfolio management team of the Pax Balanced Fund. Prior to joining the firm, Peter was a Managing Director on the High Yield Bond and Loan Team at Goldman Sachs Asset Management. Peter joined Goldman Sachs Asset Management as a Senior Sector Analyst in 2000 and was promoted to Director of High Yield Research in 2010.

Andrew Braun


Start Date

Tenure

Tenure Rank

Sep 30, 2017

2.58

2.6%

Mr. Braun joined Impax Asset Management LLC in 2017. Prior to joining IAM, Andrew was Managing Director on the Value Equity Team at Goldman, Sachs & Co. Mr. Braun joined Goldman as a Product Development Associate in the Product Development Group in 1993. Prior to joining Goldman, Mr. Braun was a Financial Analyst in the Corporate Finance Division at Dillon, Read & Co. Inc. Mr. Braun has a Bachelor of Arts in Economics from Harvard College and a Master of Business Administration in Finance and Economics from the Stern School of Business at New York University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 39.35 6.95 0.33