Pax Balanced Individual Investor
- PAXWX
- Price as of: Jul 30, 2021
-
$29.26
N/A N/A
- Primary Theme
- U.S. Balanced Allocation
- Fund Company
- Pax World
- Share Class
PAXWX - Snapshot
Vitals
- YTD Return 10.8%
- 3 Yr Annualized Return 13.8%
- 5 Yr Annualized Return 11.5%
- Net Assets $2.45 B
- Holdings in Top 10 100.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.87%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover N/A
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $1,000
- IRA N/A
Fund Classification
-
Primary Theme
U.S. Balanced Allocation
- Fund Type Open End Mutual Fund
- Investment Style Allocation--50% to 70% Equity
PAXWX - Profile
Distributions
- YTD Total Return 10.8%
- 3 Yr Annualized Total Return 13.8%
- 5 Yr Annualized Total Return 11.5%
- Capital Gain Distribution Frequency Semi-Annually
- Net Income Ratio 1.08%
- Dividend Yield 0.8%
- Dividend Distribution Frequency Semi-Annually
Fund Details
-
Legal NamePax Sustainable Allocation Fund
-
Fund Family NamePax World
-
Inception DateAug 10, 1971
-
Shares OutstandingN/A
-
Share ClassInv
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerAnthony Trzcinka
PAXWX - Performance
Return Ranking - Trailing
| Period | PAXWX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 10.8% | -3.4% | 64.7% | 20.89% |
| 1 Yr | 26.6% | -5.2% | 84.5% | 36.50% |
| 3 Yr | 13.8%* | -2.1% | 23.0% | 10.53% |
| 5 Yr | 11.5%* | 0.6% | 20.3% | 23.35% |
| 10 Yr | 8.6%* | 2.2% | 12.7% | 48.51% |
* Annualized
Return Ranking - Calendar
| Period | PAXWX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 12.9% | -39.0% | 28.7% | 8.79% |
| 2019 | 10.5% | -5.8% | 26.1% | 80.94% |
| 2018 | -6.7% | -32.7% | 0.0% | 7.03% |
| 2017 | 1.4% | -6.5% | 22.4% | 95.79% |
| 2016 | 2.7% | -43.7% | 18.6% | 64.98% |
Total Return Ranking - Trailing
| Period | PAXWX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 10.8% | -3.4% | 64.7% | 20.89% |
| 1 Yr | 26.6% | -5.2% | 84.5% | 32.45% |
| 3 Yr | 13.8%* | -2.1% | 23.0% | 9.27% |
| 5 Yr | 11.5%* | 0.2% | 20.3% | 18.94% |
| 10 Yr | 8.6%* | 1.9% | 12.7% | 44.57% |
* Annualized
Total Return Ranking - Calendar
| Period | PAXWX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 12.9% | -39.0% | 28.7% | 8.79% |
| 2019 | 10.5% | -5.8% | 26.1% | 80.94% |
| 2018 | -4.1% | -32.7% | 0.8% | 11.09% |
| 2017 | 13.2% | -3.7% | 31.9% | 47.81% |
| 2016 | 5.8% | -43.7% | 19.8% | 56.62% |
NAV & Total Return History
PAXWX - Holdings
Concentration Analysis
| PAXWX | Category Low | Category High | PAXWX % Rank | |
|---|---|---|---|---|
| Net Assets | 2.45 B | 631 K | 207 B | 30.32% |
| Number of Holdings | 10 | 2 | 15231 | 91.84% |
| Net Assets in Top 10 | 2.31 B | -170 M | 47.4 B | 17.65% |
| Weighting of Top 10 | 100.00% | 7.4% | 100.0% | 1.16% |
Top 10 Holdings
- Pax Large Cap Fund Institutional 42.27%
- Pax Core Bond Fund Institutional 30.20%
- Pax Intl Sustainable Economy Instl 7.12%
- State Street Instl US Govt MMkt Instl 5.54%
- Pax Small Cap Institutional 3.28%
- Pax Glb Sustainable Infrastructure Instl 3.22%
- Pax Ellevate Glbl Womenâs Ldrsp Inst 2.55%
- Pax Global Environmental Mrkts Instl 2.54%
- Pax Global Opportunities Institutional 2.42%
- Pax High Yield Bond Institutional 0.87%
Asset Allocation
| Weighting | Return Low | Return High | PAXWX % Rank | |
|---|---|---|---|---|
| Stocks | 62.41% | 0.00% | 135.66% | 51.02% |
| Bonds | 29.97% | -0.18% | 130.96% | 56.30% |
| Cash | 7.26% | -54.99% | 88.50% | 18.13% |
| Convertible Bonds | 0.34% | 0.00% | 26.80% | 73.11% |
| Preferred Stocks | 0.01% | 0.00% | 24.39% | 62.55% |
| Other | 0.00% | -6.81% | 47.39% | 71.31% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PAXWX % Rank | |
|---|---|---|---|---|
| Technology | 24.47% | 0.00% | 52.91% | 8.76% |
| Healthcare | 15.97% | 0.00% | 52.97% | 11.04% |
| Financial Services | 13.56% | 0.00% | 100.00% | 76.95% |
| Industrials | 10.63% | 0.00% | 32.01% | 49.10% |
| Consumer Cyclical | 9.65% | 0.00% | 19.72% | 60.38% |
| Communication Services | 8.36% | 0.00% | 28.21% | 54.26% |
| Consumer Defense | 7.61% | 0.00% | 25.22% | 29.77% |
| Real Estate | 4.55% | 0.00% | 99.15% | 30.85% |
| Basic Materials | 3.51% | 0.00% | 31.80% | 63.39% |
| Utilities | 1.61% | 0.00% | 99.04% | 84.03% |
| Energy | 0.09% | 0.00% | 70.75% | 91.72% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PAXWX % Rank | |
|---|---|---|---|---|
| US | 52.15% | 0.00% | 134.30% | 43.10% |
| Non US | 10.26% | 0.00% | 37.35% | 54.38% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | PAXWX % Rank | |
|---|---|---|---|---|
| Corporate | 30.33% | 0.00% | 99.99% | 67.35% |
| Securitized | 26.57% | 0.00% | 78.03% | 16.69% |
| Government | 22.23% | 0.00% | 99.16% | 55.34% |
| Cash & Equivalents | 19.33% | 0.00% | 100.00% | 22.45% |
| Municipal | 1.54% | 0.00% | 98.65% | 14.89% |
| Derivative | 0.00% | 0.00% | 33.06% | 64.59% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | PAXWX % Rank | |
|---|---|---|---|---|
| US | 25.10% | -0.18% | 62.94% | 56.30% |
| Non US | 4.87% | -38.29% | 102.43% | 38.18% |
PAXWX - Expenses
Operational Fees
| PAXWX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.87% | 0.06% | 5.49% | 60.36% |
| Management Fee | 0.05% | 0.00% | 2.00% | 21.23% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 30.30% |
| Administrative Fee | N/A | 0.01% | 0.83% | N/A |
Sales Fees
| PAXWX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| PAXWX 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.
| PAXWX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 484.00% | 9.24% |
PAXWX - Distributions
Dividend Yield Analysis
| PAXWX | Category Low | Category High | PAXWX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.77% | 0.00% | 4.56% | 35.07% |
Dividend Distribution Analysis
| PAXWX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Semi-Annually | Annually | Monthly | Monthly |
Net Income Ratio Analysis
| PAXWX | Category Low | Category High | PAXWX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.08% | -1.95% | 11.02% | 69.77% |
Capital Gain Distribution Analysis
| PAXWX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Semi-Annually | Annually | Semi-Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Jun 27, 2018 | $0.399 |
| Jun 21, 2013 | $0.181 |
| Dec 20, 2012 | $0.153 |
| Jun 21, 2012 | $0.214 |
| Dec 22, 2011 | $0.120 |
| Jun 22, 2011 | $0.170 |
| Dec 22, 2010 | $0.193 |
| Jun 22, 2010 | $0.129 |
| Dec 22, 2009 | $0.151 |
| Jun 22, 2009 | $0.162 |
| Dec 22, 2008 | $0.211 |
| Jun 20, 2008 | $0.192 |
| Dec 20, 2007 | $0.245 |
| Jun 18, 2007 | $0.205 |
PAXWX - Fund Manager Analysis
Managers
Anthony Trzcinka
Start Date
Tenure
Tenure Rank
Dec 31, 2005
15.51
15.5%
Anthony Trzcinka is SVP and Portfolio Manager of the Impax Core Bond Strategy at Impax Asset Management LLC and a Senior Vice President at Pax World Funds. Tony is also a member of the portfolio management team of the Impax Sustainable Allocation Strategy. Tony has been responsible for multiple strategies during his tenure at Impax Asset 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
6.5
6.5%
Nathan Moser is SVP and Portfolio Manager of the Impax Small Cap Strategy 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 Impax Sustainable Allocation Strategy. Nathan has been responsible for management of the Impax Small Cap Strategy since its inception in 2008 and has been a member of the portfolio management team of the Impax Sustainable Allocation Strategy 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.
Andrew Braun
Start Date
Tenure
Tenure Rank
Sep 30, 2017
3.75
3.8%
Andrew Braun is a Portfolio Manager of the Impax Large Cap Strategy at Impax Asset Management LLC and is a Senior Vice President at Pax World Funds. He is also a member of the portfolio management team of the Impax Sustainable Allocation Strategy. Prior to joining the firm in 2017, Andy was Managing Director on the Value Equity Team at Goldman Sachs Asset Management, where he led a team of 30 portfolio managers and analysts. Andy joined Goldman Sachs Asset Management as a Product Development Associate in the Product Development Group in 1993.
Peter Schwab
Start Date
Tenure
Tenure Rank
Sep 30, 2017
3.75
3.8%
Peter Schwab is SVP and Portfolio Manager of the Impax High Yield Bond Strategy 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 Impax Sustainable Allocation Strategy. 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.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.02 | 37.52 | 6.17 | 1.5 |