PAXWX: Pax Balanced Individual Investor

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PAXWX Pax Balanced Individual Investor


Profile

PAXWX - Profile

Vitals

  • YTD Return 4.8%
  • 3 Yr Annualized Return 4.0%
  • 5 Yr Annualized Return 1.8%
  • Net Assets $2.01 B
  • Holdings in Top 10 96.5%

52 WEEK LOW AND HIGH

$24.48
$19.02
$25.42

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.30%

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) $1,000
  • IRA N/A

Fund Classification

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

Distributions

  • YTD Total Return 4.8%
  • 3 Yr Annualized Total Return 5.0%
  • 5 Yr Annualized Total Return 6.7%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.56%
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
    Aug 10, 1971
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Anthony Trzcinka

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Categories

Performance

PAXWX - Performance

Return Ranking - Trailing

Period PAXWX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.8% -33.3% 980.1% 16.38%
1 Yr 2.4% -38.9% 842.5% 32.51%
3 Yr 4.0%* -22.6% 78.3% 13.98%
5 Yr 1.8%* -43.5% 24.1% 39.55%
10 Yr 1.6%* -38.4% 16.7% 60.26%

* Annualized

Return Ranking - Calendar

Period PAXWX Return Category Return Low Category Return High Rank in Category (%)
2019 10.5% -50.4% 46.8% 60.11%
2018 -6.7% -31.8% 19.0% 20.08%
2017 1.4% -44.7% 46.3% 88.33%
2016 2.7% -84.5% 219.0% 61.20%
2015 -8.2% -40.7% 14.6% 72.16%

Total Return Ranking - Trailing

Period PAXWX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.8% -33.3% 980.1% 16.38%
1 Yr 2.4% -38.9% 842.5% 32.51%
3 Yr 5.0%* -22.6% 78.3% 16.81%
5 Yr 6.7%* -43.5% 29.9% 12.44%
10 Yr 7.0%* -38.4% 17.9% 23.42%

* Annualized

Total Return Ranking - Calendar

Period PAXWX Return Category Return Low Category Return High Rank in Category (%)
2019 10.5% -50.4% 46.8% 60.24%
2018 -4.1% -27.4% 19.0% 19.26%
2017 13.2% -44.7% 46.3% 25.41%
2016 5.8% -84.5% 242.1% 56.47%
2015 -0.5% -36.9% 14.6% 24.28%

NAV & Total Return History


Holdings

PAXWX - Holdings

Concentration Analysis

PAXWX Category Low Category High PAXWX % Rank
Net Assets 2.01 B 100 K 110 B 16.75%
Number of Holdings 9 2 2284 94.21%
Net Assets in Top 10 1.8 B 146 K 25.2 B 6.92%
Weighting of Top 10 96.54% 11.4% 100.0% 6.61%

Top 10 Holdings

  1. Pax Large Cap Fund Institutional 39.86%
  2. Pax Core Bond Fund Institutional 34.81%
  3. Pax MSCI EAFE ESG Leaders Index Instl 7.62%
  4. Pax ESG Beta Dividend Fund Institutional 6.10%
  5. Pax Small Cap Institutional 2.58%
  6. Pax Ellevate Glbl Women’s Ldrsp Inst 2.08%
  7. Pax Global Environmental Mrkts Instl 1.89%
  8. Pax Global Opportunities Institutional 1.61%

Asset Allocation

Weighting Return Low Return High PAXWX % Rank
Stocks
60.52% -7.43% 77.67% 23.77%
Bonds
32.90% -68.77% 78.22% 67.80%
Cash
6.43% -95.11% 80.85% 35.47%
Convertible Bonds
0.13% 0.00% 27.91% 69.43%
Other
0.02% -12.66% 176.09% 48.55%
Preferred Stocks
0.00% 0.00% 45.01% 71.07%

Stock Sector Breakdown

Weighting Return Low Return High PAXWX % Rank
Technology
20.58% 0.00% 100.00% 41.79%
Healthcare
17.16% 0.00% 59.48% 17.49%
Financial Services
13.22% 0.00% 60.67% 56.48%
Industrials
11.24% 0.00% 36.77% 24.97%
Communication Services
10.63% 0.00% 56.40% 22.83%
Consumer Defense
8.80% 0.00% 22.38% 20.29%
Consumer Cyclical
8.58% 0.00% 59.01% 71.43%
Real Estate
4.60% 0.00% 77.46% 36.18%
Basic Materials
3.09% 0.00% 100.00% 46.19%
Utilities
2.03% 0.00% 35.21% 74.50%
Energy
0.06% 0.00% 89.51% 91.86%

Stock Geographic Breakdown

Weighting Return Low Return High PAXWX % Rank
US
50.34% -7.43% 77.52% 34.72%
Non US
10.18% -2.31% 19.39% 16.73%

Bond Sector Breakdown

Weighting Return Low Return High PAXWX % Rank
Securitized
30.65% 0.00% 87.39% 16.23%
Corporate
25.22% 0.00% 100.00% 66.29%
Government
24.72% 0.00% 95.54% 38.11%
Cash & Equivalents
16.28% -3.87% 100.00% 34.34%
Municipal
3.13% 0.00% 100.00% 9.94%
Derivative
0.00% 0.00% 59.63% 59.50%

Bond Geographic Breakdown

Weighting Return Low Return High PAXWX % Rank
US
30.70% -68.77% 85.79% 67.67%
Non US
2.20% -36.53% 25.83% 64.78%

Expenses

PAXWX - Expenses

Operational Fees

PAXWX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.30% 0.01% 7.27% 92.82%
Management Fee 0.05% 0.00% 2.00% 8.05%
12b-1 Fee 0.25% 0.00% 1.00% 32.45%
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 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% 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 12.00% 0.00% 574.00% 12.69%

Distributions

PAXWX - Distributions

Dividend Yield Analysis

PAXWX Category Low Category High PAXWX % Rank
Dividend Yield 0.00% 0.00% 9.94% 36.10%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

PAXWX Category Low Category High PAXWX % Rank
Net Income Ratio 1.56% -5.24% 6.49% 56.04%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

PAXWX - Fund Manager Analysis

Managers

Anthony Trzcinka


Start Date

Tenure

Tenure Rank

Dec 31, 2005

14.68

14.7%

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

5.67

5.7%

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

2.92

2.9%

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

2.92

2.9%

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
0.04 39.69 7.08 0.67