PGINX: Pax Global Environmental Mrkts Instl

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PGINX Pax Global Environmental Mrkts Instl


Profile

PGINX - Profile

Vitals

  • YTD Return 8.1%
  • 3 Yr Annualized Return 5.0%
  • 5 Yr Annualized Return 10.1%
  • Net Assets $1.2 B
  • Holdings in Top 10 32.0%

52 WEEK LOW AND HIGH

$18.34
$11.61
$19.06

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.97%

SALES FEES

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

BROKERAGE FEES

  • Turnover 26.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Distributions

  • YTD Total Return 8.1%
  • 3 Yr Annualized Total Return 5.0%
  • 5 Yr Annualized Total Return 10.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.01%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name
    Pax Global Environmental Markets Fund
  • Fund Family Name
    Pax World
  • Inception Date
    Mar 27, 2008
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Hubert Aarts

Fund Description

The fund follows a sustainable investing approach, combining rigorous financial analysis with equally rigorous environmental, social and governance (ESG) analysis in order to identify investments. Under normal market conditions, it invests at least 80% of its net assets (plus any borrowings for investment purposes) in companies whose businesses and technologies focus on environmental markets, including alternative energy and energy efficiency; water infrastructure technologies and pollution control; environmental support services and waste management technologies; and sustainable food, agriculture and forestry.


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Categories

Performance

PGINX - Performance

Return Ranking - Trailing

Period PGINX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.1% -92.6% 816.9% 15.17%
1 Yr 17.9% -92.6% 497.5% 10.00%
3 Yr 5.0%* -60.7% 26.9% 13.27%
5 Yr 10.1%* -43.5% 17.5% 6.83%
10 Yr 7.8%* -22.8% 12.1% 5.63%

* Annualized

Return Ranking - Calendar

Period PGINX Return Category Return Low Category Return High Rank in Category (%)
2019 27.0% -33.1% 42.6% 11.03%
2018 -17.6% -44.4% 0.0% 71.47%
2017 22.5% -6.5% 37.7% 15.63%
2016 10.1% -9.5% 47.8% 6.76%
2015 -2.3% -30.6% 10.8% 25.36%

Total Return Ranking - Trailing

Period PGINX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.1% -92.6% 816.9% 15.17%
1 Yr 17.9% -92.6% 497.5% 10.00%
3 Yr 5.0%* -60.7% 26.9% 23.01%
5 Yr 10.1%* -43.5% 22.8% 10.92%
10 Yr 7.8%* -22.8% 13.2% 23.94%

* Annualized

Total Return Ranking - Calendar

Period PGINX Return Category Return Low Category Return High Rank in Category (%)
2019 27.0% -33.1% 42.6% 11.03%
2018 -17.6% -44.4% 1.8% 81.92%
2017 22.5% -6.5% 41.7% 35.94%
2016 10.1% -9.5% 47.8% 13.85%
2015 -2.3% -30.6% 14.3% 42.86%

NAV & Total Return History


Holdings

PGINX - Holdings

Concentration Analysis

PGINX Category Low Category High PGINX % Rank
Net Assets 1.2 B 21.7 K 10.1 B 20.22%
Number of Holdings 50 1 1241 59.33%
Net Assets in Top 10 323 M 19.4 K 7.1 B 22.00%
Weighting of Top 10 31.97% 11.0% 100.0% 53.68%

Top 10 Holdings

  1. Linde PLC 3.55%
  2. Waste Management Inc 3.53%
  3. IDEX Corp 3.42%
  4. Schneider Electric SE 3.27%
  5. American Water Works Co Inc 3.23%
  6. Autodesk Inc 3.22%
  7. Agilent Technologies Inc 3.17%
  8. Suez SA 2.92%
  9. Koninklijke DSM NV 2.92%
  10. Siemens AG 2.74%

Asset Allocation

Weighting Return Low Return High PGINX % Rank
Stocks
99.63% 43.21% 100.98% 11.78%
Cash
0.37% -0.97% 56.79% 85.33%
Preferred Stocks
0.00% 0.00% 9.00% 45.78%
Other
0.00% -0.23% 6.31% 50.67%
Convertible Bonds
0.00% 0.00% 0.25% 38.44%
Bonds
0.00% -0.07% 12.87% 44.67%

Stock Sector Breakdown

Weighting Return Low Return High PGINX % Rank
Industrials
44.88% 0.00% 44.88% 0.67%
Technology
18.30% 0.00% 41.25% 43.78%
Basic Materials
10.21% 0.00% 39.74% 6.67%
Utilities
10.04% 0.00% 27.81% 6.67%
Healthcare
9.71% 0.00% 34.85% 87.33%
Consumer Cyclical
3.89% 0.00% 31.89% 90.89%
Real Estate
2.02% 0.00% 15.94% 53.33%
Consumer Defense
0.95% 0.00% 76.29% 94.22%
Financial Services
0.00% 0.00% 32.55% 99.78%
Energy
0.00% 0.00% 11.18% 81.33%
Communication Services
0.00% 0.00% 27.06% 98.00%

Stock Geographic Breakdown

Weighting Return Low Return High PGINX % Rank
US
56.73% 8.91% 72.66% 32.89%
Non US
42.90% 10.83% 89.25% 51.11%

Expenses

PGINX - Expenses

Operational Fees

PGINX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.97% 0.01% 53.31% 71.78%
Management Fee 0.80% 0.00% 1.82% 72.17%
12b-1 Fee 0.00% 0.00% 1.00% 6.56%
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

PGINX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

PGINX 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.

PGINX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 26.00% 3.00% 224.06% 32.48%

Distributions

PGINX - Distributions

Dividend Yield Analysis

PGINX Category Low Category High PGINX % Rank
Dividend Yield 0.00% 0.00% 3.20% 42.61%

Dividend Distribution Analysis

PGINX Category Low Category High Category Mod
Dividend Distribution Frequency Semi-Annually Annually Quarterly Quarterly

Net Income Ratio Analysis

PGINX Category Low Category High PGINX % Rank
Net Income Ratio 1.01% -1.37% 4.31% 66.42%

Capital Gain Distribution Analysis

PGINX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

Dividend Payout History

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Fund Manager Analysis

PGINX - Fund Manager Analysis

Managers

Hubert Aarts


Start Date

Tenure

Tenure Rank

May 01, 2013

7.34

7.3%

Hubert serves as Co-Head of Listed Equities alongside Bruce Jenkyn-Jones. Together they are responsible for the development of the investment process, research and team. Hubert is Co-Portfolio Manager for Impax’s Leaders and Water Strategies. He also leads Impax's macro-economic research process. Hubert started his career in the investment industry in 1990 and joined Impax in January 2007. He has extensive experience investing in Pan-European equities as a portfolio manager at MeesPierson and Merrill Lynch Investment Managers, where he chaired the European Sector Strategy Group.

David Winborne


Start Date

Tenure

Tenure Rank

Feb 26, 2018

2.51

2.5%

David is co-manager of the Global Opportunities and Leaders strategies. He has global research responsibility and specialises in Energy Efficiency and Pollution Control. David researches stocks globally with a focus on the Technology and Telecommunications sectors. David joined Impax in 2015 from the in-house asset management team at Tesco Pension Investment where he had joint responsibility for the successful development, launch and management of a new global equities investment platform for Tesco’s pension fund.

Sid Jha


Start Date

Tenure

Tenure Rank

Jan 01, 2020

0.67

0.7%

Sid is Co-Portfolio Manager of the Leaders strategy and a member of the Portfolio Construction team for the Water and Global Opportunities strategies. He has research responsibilities in the Energy Efficiency and Water environmental sub-sectors and also researches stocks with a focus on US-Healthcare. Sid joined Impax in 2014 after graduating from business school and interning with Impax's Listed Equity team over the summer and autumn of 2012. In his pre-MBA career, Sid worked as a clean technology consultant in India. Sid has an MBA with a focus in Finance from London Business School and a Bachelor of Arts in History and Political Science from Macalester College, where he graduated cum laude.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 26.75 5.27 0.67