Pax Balanced FundPAXWXPAXIX

Strategic asset allocation, full ESG integration 

Overview


A multi-asset strategy that offers full ESG integration and broad diversification through a mix of underlying Pax World equity and fixed income funds.  


Performance & Risk


Monthly Total Returns
(As of 07/31/2017)
Month End | Quarter End Average Annual Returns (%)
1
Month
3
Month
Year-to-
Date
1
Year
3
Year
5
Year
10
Year
Since
Inception1
Balanced Fund - Individual Investor Class1.272.977.628.195.618.294.388.32
Balanced Fund - Institutional Class11.303.027.758.425.878.564.648.38
S&P 500 Index2.064.1411.5916.0410.8714.787.74
60% S&P 500 Index / 40% Bloomberg Barclays U.S. Aggregate Bond Index1.412.927.979.197.699.646.71
Lipper Mixed-Asset Target Growth Funds Index1.753.6610.2812.226.609.895.85
Quarterly Total Returns
(As of 06/30/2017)
Month End | Quarter End Average Annual Returns (%)
1
Month
3
Month
Year-to-
Date
1
Year
3
Year
5
Year
10
Year
Since
Inception1
Balanced Fund - Individual Investor Class0.432.646.279.564.788.323.968.31
Balanced Fund - Institutional Class10.432.706.379.825.058.594.228.37
S&P 500 Index0.623.099.3417.909.6114.637.18
60% S&P 500 Index / 40% Bloomberg Barclays U.S. Aggregate Bond Index0.332.436.4810.336.859.646.40
Lipper Mixed-Asset Target Growth Funds Index0.553.158.3813.675.489.785.45
1 Institutional Class Inception date return since April 2, 2007 is 4.75 (annualized).

Performance data quoted represent past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.



Risk Statistics
(As of 07/31/2017)
 Value
Standard Deviation 6.44
Alpha -0.08
Beta 0.61
R-Squared 93
Standard Deviation 6.44
Alpha -0.06
Beta 0.61
R-Squared 93


Morningstar Ratings
(As of 07/31/2017)
 Overall3 Year5 Year10 Year
Balanced Fund - Individual Investor Class ★★★ ★★★ ★★★ ★★
Balanced Fund - Institutional Class ★★★ ★★★★ ★★★ ★★
# In Peer Group 724 724 651 428


Lipper Rankings
(As of 07/31/2017)
 Mixed Asset Target Allocation Growth1 Year3 Year5 Year10 Year
Balanced Fund - Individual Investor Class Percentile Rank 87 57 79 79
  Prime Rank 449 274 365 307
  # In Peer Group 522 481 466 393
Balanced Fund - Institutional Class Percentile Rank 85 50 69 75
  Prime Rank 441 239 317 294
  # In Peer Group 522 481 466 393


Net Asset Values
(As of 08/18/2017)
 N.A.V.% Change
Balanced Fund - Individual Investor Class $21.29 -0.05
Balanced Fund - Institutional Class $21.60 -0.09

Past performance does not guarantee future results.


Portfolio


Asset Allocation
(As of 07/31/2017)


Portfolio Statistics
(As of 07/31/2017)
 Value
Assets (all share classes)$1,950,183,164
Number of Holdings (All)*5
Turnover Ratio (12/31/2016)49

* Allocations look through to underlying fund holdings.


Top Sectors
(As of 07/31/2017)


Manager Allocation (Equity Strategy)
(As of 07/31/2017)


Manager Allocation (Fixed Allocation Strategy)
(As of 07/31/2017)


Top Ten Holdings - Equity
(As of 07/31/2017)


Top Ten Holdings - Fixed Income
(As of 07/31/2017)
 Portfolio %
United States Treasury Note, 2.375%, 08/15/24 2.30
United States Treasury Note, 3.125%, 08/15/44 1.00
United States Treasury Note, 4.500%, 02/15/36 0.70
United States Treasury Note, 2.125%, 09/30/21 0.60
United States Treasury Note, 1.750%, 09/30/19 0.40
United States Treasury Note, 0.875%, 10/15/18 0.40
United States Treasury Note, 2.250%, 11/15/24 0.30
United States Treasury Note, 6.250%, 10/15/30 0.30
Fannie Mae, 2.000%, 11/14/22 0.30
United States Treasury Note, 4.375%, 11/15/39 0.30


Credit Quality
(As of 07/31/2017)


Management


From left:

Phil McManus - Equity Analyst
Nathan Moser, CFA® - Vice President, Portfolio Manager
Christopher Brown - Chief Investment Strategist, Portfolio Manager
Anthony Trzcinka, CFA® - Vice President, Portfolio Manager