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 06/30/2019)
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 Class4.553.7312.367.367.955.728.438.26
Pax Balanced Fund - Institutional Class14.553.7912.547.618.225.998.718.33
S&P 500 Index7.054.3018.5410.4214.1910.7114.70
60% S&P 500 Index / 40% Bloomberg Barclays U.S. Aggregate Bond Index4.733.9613.649.879.517.7510.50
Morningstar Allocation--50% to 70% Equity4.282.9512.215.737.795.048.93
Quarterly Total Returns
(As of 06/30/2019)
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 Class4.553.7312.367.367.955.728.438.26
Pax Balanced Fund - Institutional Class14.553.7912.547.618.225.998.718.33
S&P 500 Index7.054.3018.5410.4214.1910.7114.70
60% S&P 500 Index / 40% Bloomberg Barclays U.S. Aggregate Bond Index4.733.9613.649.879.517.7510.50
Morningstar Allocation--50% to 70% Equity4.282.9512.215.737.795.048.93
1 Institutional Class Inception date return since April 2, 2007 is 5.10 (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 06/30/2019)
 3 - Year
Standard Deviation 7.24
Alpha -0.02
Beta 0.58
R-Squared 93
Standard Deviation 7.24
Alpha
Beta 0.58
R-Squared 93


Morningstar Ratings
(As of 06/30/2019)
 Allocation-50% to 70% EquityOverall3 Year5 Year10 Year
Pax Balanced Fund - Investor Class Rating ★★★ ★★★ ★★★★ ★★
Pax Balanced Fund - Institutional Class Rating ★★★ ★★★ ★★★★ ★★★
  # In Peer Group 679 679 595 431

Based on risk adjusted returns.


Morningstar Percentile Rankings
(As of 06/30/2019)
 Morningstar Allocation-50% to 70% Equity1 Year3 Year5 Year10 Year
Pax Balanced Fund - Investor Class Percentile Rank 24 47 34 66
  Prime Rank 166 312 205 279
  # In Peer Group 735 679 595 431
Pax Balanced Fund - Institutional Class Percentile Rank 23 39 29 56
  Prime Rank 158 254 169 246
  # In Peer Group 735 679 595 431

Based on total returns.


Net Asset Values
(As of 07/15/2019)
 N.A.V.% Change
Pax Balanced Fund - Investor Class $23.65 -0.04
Pax Balanced Fund - Institutional Class $24.03 -0.04

Past performance does not guarantee future results.


Portfolio


Asset Allocation
(As of 06/30/2019)


Portfolio Statistics
(As of 06/30/2019)
 Value
Assets (all share classes)$1,809,590,276
Number of Holdings (All)*9
Turnover Ratio (12/31/2018)12

* Allocations look through to underlying fund holdings.


Country Allocation
(As of 06/30/2019)
 Portfolio %
Australia 0.90
Belgium 0.10
Canada 0.20
Denmark 0.20
Finland 0.10
France 1.00
Germany 1.50
Hong Kong 0.40
India 0.10
Ireland 0.10
Italy 0.10
Japan 2.20
Netherlands 0.90
Norway 0.10
Portugal 0.10
Singapore 0.20
Spain 0.40
Supranational 1.00
Sweden 0.30
Switzerland 0.70
Taiwan 0.10
United Kingdom 1.60
United States 86.20


Top Sectors
(As of 06/30/2019)


Manager Allocation (Equity Strategy)
(As of 06/30/2019)


Manager Allocation (Fixed Allocation Strategy)
(As of 06/30/2019)


Top Ten Holdings - Equity
(As of 06/30/2019)


Top Ten Holdings - Fixed Income
(As of 06/30/2019)
 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