Performance(as of 9/30/17)
|1-Month||Quarter||YTD||1 Year||3 Year||5 Year||10 Year||Since Inception1|
|Core Bond Fund - Individual Investor Class||-0.63||0.60||2.47||-||-||-||-||3.37|
|Core Bond Fund - Institutional Class||-0.61||0.66||2.66||-||-||-||-||3.59|
|Bloomberg Barclays US Aggregate Index||-0.48||0.85||3.14||0.07||2.71||2.06||4.27||4.29|
|Lipper Core Bond Funds Index||-0.43||0.93||3.59||0.71||2.94||2.40||4.35||4.59|
Figures include reinvested dividends, capital gains distributions, and changes in principal value.
1The inception date for the Pax Core Bond Fund Institutional Investor Class and the Individual Investor Class is December 16, 2016.
As of 5/1/17 prospectus, total annual Core Bond Fund operating expenses, gross of any fee waivers or reimbursements (excluding Acquired Fund fees and expenses), for Individual Investor Class and Institutional Class shares are 0.74% and 0.49%, respectively.
(as of 9/30/17)
Sector: Average Active Weights (%)
|Total Relative Contribution (%)|
Portfolio Characteristics(as of 9/30/17)
|Years to Maturity∼||11.85||12.93|
|30 Day SEC Yield∘|
(as of 9/30/17)
United States Treasury Note, 1.875%, 4/30/22 5.4%, United States Treasury Note, 2.375%, 08/15/24 5.3%, United States Treasury Note, 2.375%, 5/15/27 3.5%, United States Treasury Note, 3.000%, 5/15/47 3.5%, United States Treasury Note, 2.125%, 11/30/23 2.2%, United States Treasury Note, 1.375%, 1/15/20 1.7%, United States Treasury Note, 4.500%, 02/15/36 1.7%, United States Treasury Note, 2.125%, 09/30/21 1.5%, United States Treasury Note, 2.125%, 3/31/24 1.5%, and United States Treasury Note, 0.375%, 7/15/27 1.2%. Holdings are subject to change.
∱Effective Duration is a measure of a security’s price sensitivity to changes in interest rates. Securities with longer durations are more sensitive
to changes in interest rates than securities of shorter durations.
∼Years to Maturity (weighted average) is the number of years until the bond matures and/or expires.
∘30 Day SEC Yield: An annualized yield based on the most recent 30 day period.
The statements and opinions expressed are those of the author as of the date of this report. All information is historical and not indicative of future results and subject to change. This information is not a recommendation to buy or sell any security. Past performance does not guarantee future results.