PORTSMOUTH, N.H. October 11, 2016 – Pax World Management LLC, investment adviser to Pax World Funds and a pioneer in the field of sustainable investing, today announced that it has hired Diederik Basch, formerly of RobecoSAM AG in Zurich, Switzerland, to serve as Senior Analyst on Pax World’s Small Cap and Mid Cap funds.
“We are pleased to welcome Diederik to Pax,” said Pax World Chief Investment Officer Steve Falci. “Diederik is a great fit for Pax as he brings a combination of experience in ESG investing and fundamental research on small- to mid-companies. His addition will help boost the team’s capacity adding depth and breadth of research supporting the Pax Small Cap Fund and our recently launched Pax Mid Cap Fund.”
Mr. Basch will join Portfolio Manager Nathan Moser, CFA®, and Senior Analyst Charles Page, CFA®, on the Pax small- and mid-cap investment team. Under Mr. Moser’s leadership the Pax Small Cap Fund (PXSCX) has earned a four-star overall Morningstar RatingTM in the Small Blend category1 and assets under management have recently increased to over $700 million as of September 30, 2016.
Mr. Basch began his investment analysis career in 2006 and has a diverse international background with work experience in the U.S., Europe and Asia. Prior to joining Pax World, Mr. Basch served as Senior Equity Analyst at RobecoSAM AG, where he covered global consumer staples and discretionary sectors and was a key supporting analyst for two of the firm’s thematic funds focused on resource efficiency.
“I am thrilled to be joining the Pax World team during this period of growth,” said Diederik Basch. “There’s significant momentum in sustainable investing, and I view Pax as a true leader in ESG integration. Further, I strongly believe in the Funds’ focus on high quality companies and disciplined approach to valuation.”
Mr. Basch holds a Bachelor of Arts degree with a concentration in Economics from Brandeis University. He received his MBA from the Kelley School of Business, Indiana University where he was also a faculty-selected member of the Investment Management Academy. Mr. Basch is a CFA® charterholder and member of the Boston Security Analysts Society.
Pax World Management LLC, investment adviser to Pax World Funds, is a pioneer in the field of sustainable investing. Pax World integrates environmental, social and governance (ESG) research into its investment process to better manage risk and deliver competitive long-term investment performance. For over 45 years, Pax World has made it possible for investors to align their investments with their values and have a positive social and environmental impact. Today, its platform of sustainable investing solutions includes a family of mutual funds, as well as separately managed accounts.
Information containing any historical information, data or analysis should not be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. Past performance does not guarantee future results.
1 The Morningstar RatingsTM shown are as of 9/30/16 and are based on risk-adjusted 3-, 5-, and 10-year (if applicable) returns, and past performance is no guarantee of future results. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) Ratings are subject to change every month.
The Pax Small Cap Fund Individual Investor Class (PXSCX) Morningstar ratings were 4 stars out of 655 funds overall, 4 stars out of 655 funds for 3-years, 4 stars out of 570 funds for 5-years.
RISK: Equity investments are subject to market fluctuations, the Funds’ share prices can fall because of weakness in the broad market, a particular industry, or specific holdings. Mutual fund investing involves risk. Principal loss is possible. Investments in small- and mid-cap companies involve additional risks such as limited liquidity and greater volatility than large-cap companies. The Funds invest in foreign securities which involve greater volatility and political, economic, and currency risks as well as differences in accounting methods.
The Pax Mid Cap Fund is new and has a limited operating history.