Pax Core Bond FundPAXBXPXBIX

Fixed income investing with impact 

Overview


An investment-grade bond strategy focused on the opportunities and risks arising from the transition to a more sustainable economy.


Performance & Risk


Monthly Total Returns
(As of 12/31/2019)
Month End | Quarter End Average Annual Returns (%)
1
Month
3
Month
Year-to-
Date
1
Year
3
Year
5
Year
10
Year
Since
Inception
Pax Core Bond Fund - Investor Class-0.19-0.117.787.783.313.57
Pax Core Bond Fund - Institutional Class-0.26-0.058.048.043.573.83
Bloomberg Barclays US Aggregate Index-0.070.188.728.724.034.35
Lipper Pax Core Bond Funds Index0.160.399.399.394.224.49
Quarterly Total Returns
(As of 12/31/2019)
Month End | Quarter End Average Annual Returns (%)
1
Month
3
Month
Year-to-
Date
1
Year
3
Year
5
Year
10
Year
Since
Inception
Pax Core Bond Fund - Investor Class-0.19-0.117.787.783.313.57
Pax Core Bond Fund - Institutional Class-0.26-0.058.048.043.573.83
Bloomberg Barclays US Aggregate Index-0.070.188.728.724.034.35
Lipper Pax Core Bond Funds Index0.160.399.399.394.224.49

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 12/31/2019)
 30 DAY SEC
YIELD (%)
ANNUAL DISTRIBUTION
YIELD (%)
30 DAY DISTRIBUTION
YIELD (%)
Pax Core Bond Fund - Investor Class 1.88 2.38 2.27
Pax Core Bond Fund - Institutional Class 2.13 2.62 2.50

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 12/31/2019)
 3 - Year
Standard Deviation 2.78
Alpha -0.05
Beta 0.97
R-Squared 99
Standard Deviation 2.77
Alpha -0.02
Beta 0.96
R-Squared 99


Morningstar Ratings
(As of 12/31/2019)
 Intermediate Core BondOverall3 Year5 Year10 Year
Pax Core Bond Fund - Investor Class Rating ★★ ★★ - -
Pax Core Bond Fund - Institutional Class Rating ★★★ ★★★ - -
  # In Peer Group 382 382 - -

The Morningstar Rating is only calculated for funds with at least a three-year history. This Fund’s ratings will be available when it meets that criteria.


Lipper Rankings
(As of 12/31/2019)
 Core Bond1 Year3 Year5 Year10 Year
Pax Core Bond Fund - Investor Class Percentile Rank 82 81
  Prime Rank 421 370
  # In Peer Group 516 462
Pax Core Bond Fund - Institutional Class Percentile Rank 77 69
  Prime Rank 396 316
  # In Peer Group 516 462

Based on total returns.


Net Asset Values
(As of 01/17/2020)
 N.A.V.% Change
Pax Core Bond Fund - Investor Class $10.33 -0.10
Pax Core Bond Fund - Institutional Class $10.33 -0.19

Past performance does not guarantee future results.


Portfolio


Asset Allocation
(As of 12/31/2019)


Portfolio Statistics
(As of 12/31/2019)
 Value
Assets (all share classes)$707,976,186
Number of Holdings (All)326
Turnover Ratio (12/31/2018)62


Top Sectors
(As of 12/31/2019)


Fixed Income Characteristics
(As of 12/31/2019)
 Value
Effective Yield2.35
Current Yield (Weighted Average)3.00
Average Coupon (Weighted Average)3.22
Effective Duration5.78
Years to Maturity (Weighted Average)13.71


Top Ten Holdings - Fixed Income
(As of 12/31/2019)
 Portfolio %
United States Treasury Note, 1.500%, 10/31/24 4.10
United States Treasury Note, 2.375%, 11/15/49 4.00
United States Treasury Note, 2.750%, 9/30/20 2.40
United States Treasury Note, 2.125%, 11/30/23 2.20
United States Treasury Note, 0.375%, 7/15/27 1.50
United States Treasury Note, 4.500%, 2/15/36 1.30
United States Treasury Note, 4.375%, 11/15/39 1.10
United States Treasury Note, 3.500%, 2/15/39 1.00
United States Treasury Note, 2.250%, 3/31/26 1.00
United States Treasury Note, 2.375%, 3/15/21 1.00


Credit Quality
(As of 12/31/2019)