Pax Global Environmental Markets FundPGRNXPXEAXPGINX

Investing in resource efficiency and environmental solutions 

Overview


A global thematic strategy investing in companies that are developing innovative solutions to resource challenges in four key areas: energy; water; waste and resource recovery; and sustainable food, agriculture and forestry.


Performance & Risk


Monthly Total Returns
(As of 07/31/2019)
Month End | Quarter End Average Annual Returns (%)
1
Month
3
Month
Year-to-
Date
1
Year
3
Year
5
Year
10
Year
Since
Inception1
Pax Global Environmental Markets Fund - Investor Class-3.09-1.7716.35-0.078.656.218.715.56
Pax Global Environmental Markets Fund - Class A5-3.10-1.7816.29-0.088.636.218.715.56
Pax Global Environmental Markets Fund - Institutional Class-3.07-1.7216.530.198.896.488.995.82
MSCI ACWI (Net) Index0.290.5216.572.9510.176.489.255.45
FTSE Environmental Opportunities Index Series-1.020.2918.363.5311.387.9610.28
Quarterly Total Returns
(As of 06/30/2019)
Month End | Quarter End Average Annual Returns (%)
1
Month
3
Month
Year-to-
Date
1
Year
3
Year
5
Year
10
Year
Since
Inception1
Pax Global Environmental Markets Fund - Investor Class8.244.7620.068.4911.495.999.815.90
Pax Global Environmental Markets Fund - Class A58.254.7620.018.4111.485.989.815.90
Pax Global Environmental Markets Fund - Institutional Class8.234.7720.228.7111.756.2410.106.16
MSCI ACWI (Net) Index6.553.6116.235.7411.626.1610.155.47
FTSE Environmental Opportunities Index Series8.705.4619.588.1813.777.4511.45
5 Class A (NAV) Inception date return since May 1, 2013 is 8.03 (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 07/31/2019)
Month End | Quarter End Average Annual Returns (%)
1
Month
3
Month
Year-to-
Date
1
Year
3
Year
5
Year
10
Year
Since
Inception1
Pax Global Environmental Markets Fund - Class A (Load)-8.42-7.169.91-5.596.615.018.105.03
Performance after Sales Charge
(As of 06/30/2019)
Month End | Quarter End Average Annual Returns (%)
1
Month
3
Month
Year-to-
Date
1
Year
3
Year
5
Year
10
Year
Since
Inception1
Pax Global Environmental Markets Fund - Class A (Load)2.27-0.9813.422.469.394.799.205.37


Risk Statistics
(As of 07/31/2019)
 3 - Year
Standard Deviation 13.33
Alpha -0.20
Beta 1.12
R-Squared 86
Standard Deviation 13.33
Alpha -0.20
Beta 1.12
R-Squared 86
Standard Deviation 13.34
Alpha -0.18
Beta 1.13
R-Squared 86


Morningstar Ratings
(As of 07/31/2019)
 World Large StockOverall3 Year5 Year10 Year
Pax Global Environmental Markets Fund - Investor Class Rating ★★★ ★★★ ★★★ ★★★
Pax Global Environmental Markets Fund - Class A Rating ★★★ ★★★ ★★★ ★★★
Pax Global Environmental Markets Fund - Institutional Class Rating ★★★ ★★★ ★★★ ★★★
  # In Peer Group 728 728 594 366

Based on risk adjusted returns.


Lipper Rankings
(As of 07/31/2019)
 Lipper Global Multi-Cap Core1 Year3 Year5 Year10 Year
Pax Global Environmental Markets Fund - Investor Class Percentile Rank 59 55 52 70
  Prime Rank 104 72 58 55
  # In Peer Group 179 132 112 79
Pax Global Environmental Markets Fund - Class A Percentile Rank 59 56 53 69
  Prime Rank 105 73 59 54
  # In Peer Group 179 132 112 79
Pax Global Environmental Markets Fund - Institutional Class Percentile Rank 57 52 44 60
  Prime Rank 101 68 49 47
  # In Peer Group 179 132 112 79

Based on total returns.


Net Asset Values
(As of 08/23/2019)
 N.A.V.% Change
Pax Global Environmental Markets Fund - Investor Class $14.74 -1.93
Pax Global Environmental Markets Fund - Institutional Class $14.84 -1.98
Pax Global Environmental Markets Fund - Class A $14.72 -1.93

Past performance does not guarantee future results.


Portfolio


Asset Allocation
(As of 07/31/2019)


Portfolio Statistics
(As of 07/31/2019)
 Value
Assets (all share classes)$832,464,581
Number of Holdings (All)48
Turnover Ratio (12/31/2018)26


Top Sectors
(As of 07/31/2019)


Country Allocation
(As of 07/31/2019)
 Portfolio %
Belgium 1.30
China 5.60
France 6.90
Germany 5.00
Ireland 0.90
Japan 7.50
Korea 0.90
Netherlands 3.30
Spain 1.10
Switzerland 1.20
Taiwan 1.90
United Kingdom 7.40
United States 52.90


Top Ten Holdings
(As of 07/31/2019)