Pax Global Environmental Markets FundPGRNXPXEAXPGINX

Investing in resource efficiency and environmental solutions 

Overview


A fossil fuel-free strategy that focuses on resource efficiency and optimization. The Fund invests in companies around the world that are developing innovative solutions to resource challenges across energy, water, waste, and sustainable food & agriculture markets.


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
Global Environmental Markets Fund - Individual Investor Class0.795.1716.0418.157.5613.125.84
Global Environmental Markets Fund - Class A50.735.1115.9918.087.5513.125.84
Global Environmental Markets Fund - Institutional Class0.725.1816.1418.317.8213.396.10
MSCI ACWI (Net) Index2.795.5414.5917.066.2210.854.165.15
FTSE Environmental Opportunities Index Series1.515.2818.0020.288.4914.31
MSCI World (Net) Index2.394.9613.3116.126.6411.634.455.54
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
Global Environmental Markets Fund - Individual Investor Class0.607.9915.1222.615.7712.785.81
Global Environmental Markets Fund - Class A50.678.0015.1522.635.7912.795.82
Global Environmental Markets Fund - Institutional Class0.708.0415.3122.936.0413.096.08
MSCI ACWI (Net) Index0.454.2711.4818.784.8210.543.714.88
FTSE Environmental Opportunities Index Series0.516.7316.2425.006.7313.85
MSCI World (Net) Index0.384.0310.6618.205.2411.383.975.33
5 Class A (NAV) Inception date return since May 1, 2013 is 9.87 (annualized).

A 1.00% CDSC (contingent deferred sales charge) may be charged on any shares sold within 18 months of purchase over $1 million. POP (public offering price) reflects the maximum sales load for the Fund’s Class A Shares of 5.50%.

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.


Performance after Sales Charge
(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
Global Environmental Markets Fund - Class A (Load)-4.82-0.659.6511.615.5311.855.21
Performance after Sales Charge
(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
Global Environmental Markets Fund - Class A (Load)-4.842.038.8515.883.8111.535.17


Risk Statistics
(As of 07/31/2017)
 Value
Standard Deviation 11.91
Alpha 0.10
Beta 1.02
R-Squared 84
Standard Deviation
Alpha
Beta
R-Squared 0
Standard Deviation 11.92
Alpha 0.12
Beta 1.03
R-Squared 84


Morningstar Ratings
(As of 07/31/2017)
 Overall3 Year5 Year10 Year
Global Environmental Markets Fund - Individual Investor Class ★★★ ★★★ ★★★ -
Global Environmental Markets Fund - Class A (Load) - - - -
Global Environmental Markets Fund - Class A ★★★ ★★★ ★★★ -
Global Environmental Markets Fund - Institutional Class ★★★ ★★★ ★★★ -
# In Peer Group 117 117 98 -


Lipper Rankings
(As of 07/31/2017)
 Lipper Large Cap Core1 Year3 Year5 Year10 Year
Global Environmental Markets Fund - Individual Investor Class Percentile Rank 28 27 43
  Prime Rank 8 5 8
  # In Peer Group 28 18 18 13
Global Environmental Markets Fund - Class A Percentile Rank 32 32 37
  Prime Rank 9 6 7
  # In Peer Group 28 18 18 13
Global Environmental Markets Fund - Institutional Class Percentile Rank 25 22 27
  Prime Rank 7 4 5
  # In Peer Group 28 18 18 13


Net Asset Values
(As of 08/21/2017)
 N.A.V.% Change
Global Environmental Markets Fund - Individual Investor Class $15.19
Global Environmental Markets Fund - Institutional Class $15.29
Global Environmental Markets Fund - Class A $15.16 -0.07

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)$494,435,798
Number of Holdings (All)47
Turnover Ratio (12/31/2016)30


Top Sectors
(As of 07/31/2017)


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


Management


From left:

Bruce Jenkyn-Jones - Impax Asset Management, Portfolio Manager
Hubert Aarts - Impax Asset Management, Portfolio Manager