Pax ESG Beta Quality FundPXWGXPXGAXPWGIX

Smart beta strategy focused on quality, value and ESG factors 

Overview


Factor-based strategy that focuses on U.S. large cap companies’ ESG strength, profitability, earnings quality, risk and valuations — well-established factors that have demonstrated the potential to reward investors over long time periods.


Performance & Risk


Monthly Total Returns
(As of 04/30/2019)
Month End | Quarter End Average Annual Returns (%)
1
Month
3
Month
Year-to-
Date
1
Year
3
Year
5
Year
10
Year
Pax ESG Beta Quality Fund - Investor Class3.077.8215.5611.3912.8510.1213.90
Pax ESG Beta Quality Fund - Class A53.037.7915.4811.3812.8410.1313.90
Pax ESG Beta Quality Fund - Institutional Class3.087.8515.6111.6813.1310.3914.19
Russell 1000 Index4.049.4318.6013.3314.8211.4115.39
Lipper Multi-Cap Core Funds Index3.708.4518.259.5813.129.5913.90
Quarterly Total Returns
(As of 03/31/2019)
Month End | Quarter End Average Annual Returns (%)
1
Month
3
Month
Year-to-
Date
1
Year
3
Year
5
Year
10
Year
Pax ESG Beta Quality Fund - Investor Class1.4512.1112.118.3011.549.3814.75
Pax ESG Beta Quality Fund - Class A51.5112.0812.088.3311.559.3814.76
Pax ESG Beta Quality Fund - Institutional Class1.5112.1512.158.5611.829.6515.03
Russell 1000 Index1.7414.0014.009.3013.5210.6316.05
Lipper Multi-Cap Core Funds Index0.8914.0314.036.0512.138.7214.87
5 Class A Inception date return since May 1, 2013 is 12.10 (annualized).

The performance information shown for Class A represents the performance of the Individual Investor Class shares for the period prior to Class A inception.

A 1.00% CDSC (contingent deferred sales charge) may be charged on any shares sold within 18 months of purchase over $1 million. POP (public offering price) reflects the maximum sales load for the Fund’s Class A Shares of 5.50%.

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.


Performance after Sales Charge
(As of 04/30/2019)
Month End | Quarter End Average Annual Returns (%)
1
Month
3
Month
Year-to-
Date
1
Year
3
Year
5
Year
10
Year
Pax ESG Beta Quality Fund - Class A (Load)-2.621.889.145.2710.748.8913.26
Performance after Sales Charge
(As of 03/31/2019)
Month End | Quarter End Average Annual Returns (%)
1
Month
3
Month
Year-to-
Date
1
Year
3
Year
5
Year
10
Year
Pax ESG Beta Quality Fund - Class A (Load)-4.095.935.932.379.468.1414.11


Risk Statistics
(As of 04/30/2019)
 Since Management Change - 34 Months
Standard Deviation 10.30
Alpha -0.01
Beta 0.91
R-Squared 97
Standard Deviation 10.25
Alpha
Beta 0.91
R-Squared 97
Standard Deviation 10.26
Alpha 0.02
Beta 0.91
R-Squared 97


Morningstar Ratings
(As of 04/30/2019)
 Large BlendOverall3 Year5 Year10 Year
Pax ESG Beta Quality Fund - Investor Class Rating ★★★ ★★★ ★★★ ★★★
Pax ESG Beta Quality Fund - Class A Rating ★★★ ★★★ ★★★ ★★★
Pax ESG Beta Quality Fund - Institutional Class Rating ★★★ ★★★ ★★★ ★★★
  # In Peer Group 1203 1203 1073 802

Based on risk adjusted returns.


Lipper Rankings
(As of 04/30/2019)
 Multi-Cap Core1 Year3 Year5 Year10 Year
Pax ESG Beta Quality Fund - Investor Class Percentile Rank 30 49 28 44
  Prime Rank 222 315 163 197
  # In Peer Group 756 654 583 448
Pax ESG Beta Quality Fund - Class A Percentile Rank 30 49 28 44
  Prime Rank 225 319 162 196
  # In Peer Group 756 654 583 448
Pax ESG Beta Quality Fund - Institutional Class Percentile Rank 27 43 23 36
  Prime Rank 203 278 131 161
  # In Peer Group 756 654 583 448

Based on total returns.


Net Asset Values
(As of 05/17/2019)
 N.A.V.% Change
Pax ESG Beta Quality Fund - Investor Class $19.56 -0.46
Pax ESG Beta Quality Fund - Institutional Class $20.16 -0.44
Pax ESG Beta Quality Fund - Class A $19.51 -0.46

Past performance does not guarantee future results.


Portfolio


Asset Allocation
(As of 04/30/2019)


Portfolio Statistics
(As of 04/30/2019)
 Value
Assets (all share classes)$225,451,132
Number of Holdings (All)157
Turnover Ratio (12/31/2018)55


Top Sectors
(As of 04/30/2019)


Top Ten Holdings
(As of 04/30/2019)