Pax Balanced FundPAXWXPAXIX

A Multi-Asset ESG Strategy  

Overview


A multi-asset ESG strategy that utilizes a dynamic, risk-focused asset allocation approach and diversifies across a broad range of Pax funds.


Performance & Risk


Monthly Total Returns
(As of 10/31/2018)
Month End | Quarter End Average Annual Returns (%)
1
Month
3
Month
Year-to-
Date
1
Year
3
Year
5
Year
10
Year
Since
Inception1
Pax Balanced Fund - Investor Class-5.46-4.35-1.271.145.445.387.948.18
Pax Balanced Fund - Institutional Class1-5.46-4.24-1.041.435.725.658.228.25
S&P 500 Index-6.84-3.253.017.3511.5211.3413.24
60% S&P 500 Index / 40% Bloomberg Barclays U.S. Aggregate Bond Index-4.42-2.220.973.667.337.589.69
Morningstar Allocation--50% to 70% Equity-4.99-3.91-2.000.345.425.038.56
Quarterly Total Returns
(As of 09/30/2018)
Month End | Quarter End Average Annual Returns (%)
1
Month
3
Month
Year-to-
Date
1
Year
3
Year
5
Year
10
Year
Since
Inception1
Pax Balanced Fund - Investor Class-0.094.034.438.409.277.176.808.32
Pax Balanced Fund - Institutional Class1-0.044.104.678.739.557.447.068.39
S&P 500 Index0.577.7110.5617.9117.3113.9511.97
60% S&P 500 Index / 40% Bloomberg Barclays U.S. Aggregate Bond Index0.084.595.649.9910.779.228.91
Morningstar Allocation--50% to 70% Equity-0.053.193.116.758.806.677.58
1 Institutional Class Inception date return since April 2, 2007 is 4.59 (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 10/31/2018)
 Value
Standard Deviation 6.02
Alpha -0.13
Beta 0.62
R-Squared 90
Standard Deviation 6.04
Alpha -0.11
Beta 0.62
R-Squared 90


Morningstar Ratings
(As of 10/31/2018)
 Overall3 Year5 Year10 Year
Pax Balanced Fund - Investor Class ★★★ ★★★ ★★★ ★★
Pax Balanced Fund - Institutional Class ★★★ ★★★ ★★★ ★★★
# In Peer Group 702 702 620 450


Morningstar Percentile Rankings
(As of 10/31/2018)
 Morningstar Allocation-50% to 70% Equity1 Year3 Year5 Year10 Year
Pax Balanced Fund - Investor Class Percentile Rank 30 52 41 67
  Prime Rank 219 358 265 300
  # In Peer Group 773 702 620 450
Pax Balanced Fund - Institutional Class Percentile Rank 28 42 35 59
  Prime Rank 206 278 223 266
  # In Peer Group 773 702 620 450


Net Asset Values
(As of 11/13/2018)
 N.A.V.% Change
Pax Balanced Fund - Investor Class $22.10
Pax Balanced Fund - Institutional Class $22.47

Past performance does not guarantee future results.


Portfolio


Asset Allocation
(As of 10/31/2018)


Portfolio Statistics
(As of 10/31/2018)
 Value
Assets (all share classes)$1,767,549,839
Number of Holdings (All)*7
Turnover Ratio (12/31/2017)14

* Allocations look through to underlying fund holdings.


Top Sectors
(As of 10/31/2018)


Manager Allocation (Equity Strategy)
(As of 10/31/2018)


Manager Allocation (Fixed Allocation Strategy)
(As of 10/31/2018)


Top Ten Holdings - Equity
(As of 10/31/2018)


Top Ten Holdings - Fixed Income
(As of 10/31/2018)
 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