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 04/30/2018)
Month End | Quarter End Average Annual Returns (%)
1
Month
3
Month
Year-to-
Date
1
Year
3
Year
5
Year
10
Year
Since
Inception1
ESG Beta Quality Fund - Investor Class0.21-5.24-0.8612.838.6312.028.155.34
ESG Beta Quality Fund - Class A50.21-5.21-0.9212.818.6112.038.155.34
ESG Beta Quality Fund - Institutional Class10.20-5.15-0.7913.108.8812.298.425.47
Russell 1000 Index0.34-5.54-0.3513.1710.2512.849.10
Lipper Multi-Cap Core Funds Index0.35-5.22-0.4212.359.0011.578.18
Quarterly Total Returns
(As of 03/31/2018)
Month End | Quarter End Average Annual Returns (%)
1
Month
3
Month
Year-to-
Date
1
Year
3
Year
5
Year
10
Year
Since
Inception1
ESG Beta Quality Fund - Investor Class-2.01-1.07-1.0713.988.6712.008.685.36
ESG Beta Quality Fund - Class A5-2.02-1.12-1.1213.978.6512.008.685.36
ESG Beta Quality Fund - Institutional Class1-2.01-0.99-0.9914.288.9412.288.955.49
Russell 1000 Index-2.27-0.69-0.6913.9810.3913.179.61
Lipper Multi-Cap Core Funds Index-1.76-0.78-0.7813.289.0011.768.68
5 Class A Inception date return since May 1, 2013 is 12.25 (annualized).
1 Institutional Class Inception date return since April 2, 2007 is 7.91 (annualized).

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 04/30/2018)
Month End | Quarter End Average Annual Returns (%)
1
Month
3
Month
Year-to-
Date
1
Year
3
Year
5
Year
10
Year
Since
Inception1
ESG Beta Quality Fund - Class A (Load)-5.30-10.44-6.356.626.5810.767.545.06
Performance after Sales Charge
(As of 03/31/2018)
Month End | Quarter End Average Annual Returns (%)
1
Month
3
Month
Year-to-
Date
1
Year
3
Year
5
Year
10
Year
Since
Inception1
ESG Beta Quality Fund - Class A (Load)-7.39-6.54-6.547.696.6310.758.075.07



Morningstar Ratings
(As of 04/30/2018)
 Overall3 Year5 Year10 Year
ESG Beta Quality Fund - Investor Class ★★★ ★★★ ★★★ ★★★
ESG Beta Quality Fund - Class A (Load) - - - -
ESG Beta Quality Fund - Class A ★★★ ★★★ ★★★ ★★★
ESG Beta Quality Fund - Institutional Class ★★★ ★★★ ★★★ ★★★
# In Peer Group 1177 1177 1056 781


Lipper Rankings
(As of 04/30/2018)
 Multi-Cap Core1 Year3 Year5 Year10 Year
ESG Beta Quality Fund - Investor Class Percentile Rank 42 49 39 43
  Prime Rank 321 318 226 200
  # In Peer Group 767 657 589 467
ESG Beta Quality Fund - Class A Percentile Rank 43 49 39 43
  Prime Rank 323 321 225 199
  # In Peer Group 767 657 589 467
ESG Beta Quality Fund - Institutional Class Percentile Rank 38 45 34 39
  Prime Rank 287 290 197 180
  # In Peer Group 767 657 589 467


Net Asset Values
(As of 05/25/2018)
 N.A.V.% Change
ESG Beta Quality Fund - Investor Class $19.90 -0.10
ESG Beta Quality Fund - Institutional Class $20.47 -0.10
ESG Beta Quality Fund - Class A $19.85 -0.10

Past performance does not guarantee future results.


Portfolio


Asset Allocation
(As of 04/30/2018)


Portfolio Statistics
(As of 04/30/2018)
 Value
Assets (all share classes)$208,485,793
Number of Holdings (All)158
Turnover Ratio (12/31/2016)36


Top Sectors
(As of 04/30/2018)


Top Ten Holdings
(As of 04/30/2018)


Portfolio Management Team


Aperio Group
Subadvised by Aperio Group, a leading provider of custom index, SRI-ESG and factor-investing offerings.

Ran Leshem - Portfolio Manager, Aperio Group
Robert Tymoczko - Portfolio Manager, Aperio Group
Michael Branch, CFA® - Portfolio Manager, Aperio Group
Annie Tan - Portfolio Manager, Aperio Group

Pax World Sustainability Research Team
The team constructs the Pax Sustainability Score, a proprietary ranking of companies' ESG performance.