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 02/28/2019)
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 Class1.802.066.812.288.355.499.498.20
Pax Balanced Fund - Institutional Class11.862.176.892.518.625.769.778.27
S&P 500 Index3.211.4211.484.6815.2810.6716.67
60% S&P 500 Index / 40% Bloomberg Barclays U.S. Aggregate Bond Index1.902.217.244.409.837.4311.56
Morningstar Allocation--50% to 70% Equity1.932.307.661.778.664.9310.44
Quarterly Total Returns
(As of 12/31/2018)
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-4.45-8.15-4.08-4.084.724.297.858.08
Pax Balanced Fund - Institutional Class1-4.42-8.14-3.85-3.854.984.548.128.15
S&P 500 Index-9.03-13.52-4.38-4.389.268.4913.12
60% S&P 500 Index / 40% Bloomberg Barclays U.S. Aggregate Bond Index-4.68-7.56-2.35-2.356.506.249.42
Morningstar Allocation--50% to 70% Equity-4.94-8.64-5.76-5.764.713.678.33
1 Institutional Class Inception date return since April 2, 2007 is 4.79 (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 02/28/2019)
 3 - Year
Standard Deviation 6.78
Alpha -0.04
Beta 0.59
R-Squared 92
Standard Deviation 6.79
Alpha -0.02
Beta 0.59
R-Squared 92


Morningstar Ratings
(As of 02/28/2019)
 Overall3 Year5 Year10 Year
Pax Balanced Fund - Investor Class ★★★ ★★★ ★★★★ ★★
Pax Balanced Fund - Institutional Class ★★★ ★★★ ★★★★ ★★
# In Peer Group 694 694 603 440


Morningstar Percentile Rankings
(As of 02/28/2019)
 Morningstar Allocation-50% to 70% Equity1 Year3 Year5 Year10 Year
Pax Balanced Fund - Investor Class Percentile Rank 32 59 34 77
  Prime Rank 237 407 211 337
  # In Peer Group 762 694 603 440
Pax Balanced Fund - Institutional Class Percentile Rank 27 52 29 67
  Prime Rank 197 338 174 290
  # In Peer Group 762 694 603 440


Net Asset Values
(As of 03/19/2019)
 N.A.V.% Change
Pax Balanced Fund - Investor Class $22.88 0.04
Pax Balanced Fund - Institutional Class $23.26 0.09

Past performance does not guarantee future results.


Portfolio


Asset Allocation
(As of 02/28/2019)


Portfolio Statistics
(As of 02/28/2019)
 Value
Assets (all share classes)$1,773,651,025
Number of Holdings (All)*8
Turnover Ratio (12/31/2018)12

* Allocations look through to underlying fund holdings.


Top Sectors
(As of 02/28/2019)


Manager Allocation (Equity Strategy)
(As of 02/28/2019)


Manager Allocation (Fixed Allocation Strategy)
(As of 02/28/2019)


Top Ten Holdings - Equity
(As of 02/28/2019)


Top Ten Holdings - Fixed Income
(As of 02/28/2019)
 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