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Pax Core Bond Fund Investment Examples

Across all Pax World Funds, we fully integrate environmental, social and governance (ESG) factors into investment analysis and portfolio construction. Here are a few Pax Core Bond Fund fixed income securities that we believe are promoting positive community or environmental outcomes:

Bank of America Green Bonds

Bank of America Green Bonds fund the company’s environmental business initiative to help address climate change, reduce demands on natural resources and advance lower-carbon economic solutions.

Capital Impact Partners

Capital Impact Partners channels investor capital to high-impact community development initiatives, including affordable housing, cooperative development, dignified aging, education, healthcare, healthy foods and place-based revitalization.

Asian Development Bank Green Bonds

Asian Development Bank Green Bonds seek to fund projects that mitigate greenhouse gas (GHG) emissions and adapt to the consequences of climate change.

Mosaic Solar Loan Trust Asset Backed Securities

Securitization of loans made to consumers to finance the purchase and installation of residential solar power generation systems and related items or services.

Fannie Mae Green Mortgage Backed Securities (MBS)

Fannie Mae Green MBS provide mortgage financing to apartment buildings and cooperatives to finance energy and water efficiency property improvements.

Pax Core Bond Fund Top Ten Holdings
(As of 04/30/2019)
 Portfolio %
United States Treasury Note, 3.375%, 11/15/48 5.20
United States Treasury Note, 2.625%, 2/28/23 4.50
United States Treasury Note, 2.750%, 9/30/20 2.60
United States Treasury Note, 2.250%, 3/31/26 2.40
United States Treasury Note, 2.125%, 11/30/23 2.30
United States Treasury Note, 4.500%, 2/15/36 1.70
United States Treasury Note, 0.375%, 7/15/27 1.60
United States Treasury Note, 4.375%, 11/15/39 1.50
United States Treasury Note, 2.375%, 3/15/21 1.10
United States Treasury Note, 0.125%, 4/15/22 0.90

Holdings are subject to change.
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