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 09/30/2019)
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 Class2.302.7118.414.5912.439.5512.06
Pax ESG Beta Quality Fund - Class A52.252.6718.334.6112.429.5612.07
Pax ESG Beta Quality Fund - Institutional Class2.282.7318.564.8812.699.8312.34
Russell 1000 Index1.731.4220.533.8713.1910.6213.23
Lipper Multi-Cap Core Funds Index1.850.4918.740.9811.098.8211.50
Quarterly Total Returns
(As of 09/30/2019)
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 Class2.302.7118.414.5912.439.5512.06
Pax ESG Beta Quality Fund - Class A52.252.6718.334.6112.429.5612.07
Pax ESG Beta Quality Fund - Institutional Class2.282.7318.564.8812.699.8312.34
Russell 1000 Index1.731.4220.533.8713.1910.6213.23
Lipper Multi-Cap Core Funds Index1.850.4918.740.9811.098.8211.50
5 Class A Inception date return since May 1, 2013 is 11.70 (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 09/30/2019)
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)-3.36-2.9911.83-1.1610.318.3311.43
Performance after Sales Charge
(As of 09/30/2019)
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)-3.36-2.9911.83-1.1610.318.3311.43


Risk Statistics
(As of 09/30/2019)
 3 - Year
Standard Deviation 11.21
Alpha 0.03
Beta 0.91
R-Squared 98
Standard Deviation 11.16
Alpha 0.03
Beta 0.91
R-Squared 98
Standard Deviation 11.17
Alpha 0.05
Beta 0.91
R-Squared 98


Morningstar Ratings
(As of 09/30/2019)
 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 1222 1222 1086 825

Based on risk adjusted returns.


Lipper Rankings
(As of 09/30/2019)
 Multi-Cap Core1 Year3 Year5 Year10 Year
Pax ESG Beta Quality Fund - Investor Class Percentile Rank 24 30 26 36
  Prime Rank 177 191 142 151
  # In Peer Group 749 647 565 426
Pax ESG Beta Quality Fund - Class A Percentile Rank 24 31 25 35
  Prime Rank 174 195 141 149
  # In Peer Group 749 647 565 426
Pax ESG Beta Quality Fund - Institutional Class Percentile Rank 23 23 22 27
  Prime Rank 166 146 119 114
  # In Peer Group 749 647 565 426

Based on total returns.


Net Asset Values
(As of 10/18/2019)
 N.A.V.% Change
Pax ESG Beta Quality Fund - Investor Class $20.42 -0.24
Pax ESG Beta Quality Fund - Institutional Class $21.04 -0.28
Pax ESG Beta Quality Fund - Class A $20.36 -0.24

Past performance does not guarantee future results.


Portfolio


Asset Allocation
(As of 09/30/2019)


Portfolio Statistics
(As of 09/30/2019)
 Value
Assets (all share classes)$226,968,920
Number of Holdings (All)157
Turnover Ratio (12/31/2018)55


Top Sectors
(As of 09/30/2019)


Top Ten Holdings
(As of 09/30/2019)