Pax Core Bond FundPAXBXPXBIX

Fixed income investing with impact 

Overview


An investment-grade bond strategy seeking competitive risk-adjusted returns while offering broad fixed income diversification and positive environmental and social impact. Seeks to improve risk-return potential through ESG research, sector allocation, relative value security selection, and yield-curve positioning.


Performance & Risk


Monthly Total Returns
(As of 11/30/2017)
Month End | Quarter End Average Annual Returns (%)
1
Month
3
Month
Year-to-
Date
1
Year
3
Year
5
Year
10
Year
Since
Inception1
Core Bond Fund - Individual Investor Class-0.21-0.852.243.13
Core Bond Fund - Institutional Class-0.19-0.792.473.40
Bloomberg Barclays US Aggregate Index-0.13-0.553.073.212.111.983.994.22
Lipper Core Bond Funds Index-0.16-0.503.513.742.382.264.124.52
Quarterly Total Returns
(As of 09/30/2017)
Month End | Quarter End Average Annual Returns (%)
1
Month
3
Month
Year-to-
Date
1
Year
3
Year
5
Year
10
Year
Since
Inception1
Core Bond Fund - Individual Investor Class-0.630.602.473.37
Core Bond Fund - Institutional Class-0.610.662.663.59
Bloomberg Barclays US Aggregate Index-0.480.853.140.072.712.064.274.29
Lipper Core Bond Funds Index-0.430.933.590.712.942.404.354.59

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.


Yields4
(As of 11/30/2017)
 30 DAY SEC
YIELD (%)
ANNUAL DISTRIBUTION
YIELD (%)
30 DAY DISTRIBUTION
YIELD (%)
Core Bond Fund - Individual Investor Class 2.10 -- 2.32
Core Bond Fund - Institutional Class 2.35 -- 2.57

4 30 Day Distribution Yield: Funds income distribution paid in the preceding 30 days annualized. Annual Distribution Yield: Actual annual income distribution paid including capital gains. 30 Day SEC Yield: An annualized yield based on the most recent 30 day period.


Risk Statistics
(As of 11/30/2017)
 Value
Standard Deviation
Alpha
Beta
R-Squared 0
Standard Deviation
Alpha
Beta
R-Squared 0


Morningstar Ratings
(As of 11/30/2017)
 Overall3 Year5 Year10 Year
Core Bond Fund - Individual Investor Class - - - -
Core Bond Fund - Institutional Class - - - -
# In Peer Group - - - -


Lipper Rankings
(As of 11/30/2017)
 Core Bond1 Year3 Year5 Year10 Year
Core Bond Fund - Individual Investor Class Percentile Rank
  Prime Rank
  # In Peer Group
Core Bond Fund - Institutional Class Percentile Rank
  Prime Rank
  # In Peer Group


Net Asset Values
(As of 12/13/2017)
 N.A.V.% Change
Core Bond Fund - Individual Investor Class $10.08 0.30
Core Bond Fund - Institutional Class $10.08 0.30

Past performance does not guarantee future results.


Portfolio


Asset Allocation
(As of 11/30/2017)


Portfolio Statistics
(As of 11/30/2017)
 Value
Assets (all share classes)$695,991,838
Number of Holdings (All)270
Turnover Ratio (12/31/2016)1


Top Sectors
(As of 11/30/2017)


Fixed Income Characteristics
(As of 11/30/2017)
 Value
Effective Yield2.70
Current Yield (Weighted Average)3.04
Average Coupon (Weighted Average)3.18
Effective Duration5.83
Years to Maturity (Weighted Average)12.12


Top Ten Holdings - Fixed Income
(As of 11/30/2017)
 Portfolio %
United States Treasury Note, 1.875%, 4/30/22 5.30
United States Treasury Note, 2.375%, 08/15/24 5.20
United States Treasury Note, 2.375%, 5/15/27 3.40
United States Treasury Note, 3.000%, 5/15/47 3.40
United States Treasury Note, 2.125%, 11/30/23 2.10
United States Treasury Note, 1.375%, 1/15/20 1.70
United States Treasury Note, 4.500%, 02/15/36 1.70
United States Treasury Note, 2.125%, 09/30/21 1.40
United States Treasury Note, 2.125%, 3/31/24 1.40
United States Treasury Note, 0.375%, 7/15/27 1.40


Credit Quality
(As of 11/30/2017)

Management


From left:

Yvonne Tai - Senior Fixed Income Analyst
Anthony Trzcinka, CFA® - Senior Vice President, Portfolio Manager