Performance(as of 9/30/19)
|1-Month||Quarter||YTD||1 Year||3 Year||5 Year||10 Year||Since Inception1|
|Pax Global Opportunities Fund - Investor Class||1.81||-2.00||22.88||7.43||-||-||-||10.03|
|Pax Global Opportunities Fund - Institutional Class||1.81||-2.00||22.95||7.49||-||-||-||10.08|
|MSCI ACWI (Net) Index||2.10||-0.03||16.20||1.38||-||-||-||5.15|
|Lipper Global Multi-Cap Core Funds Index||0.21||-1.07||18.19||1.82||-||-||-||4.44|
Figures include reinvested dividends, capital gains distributions and changes in principal value.
1The inception date for the Pax Global Opportunities Fund Institutional Class and the Investor Class is June 27, 2018.
Total annual Global Opportunities Fund operating expenses, gross of any fee waivers or reimbursements, for Institutional Class and Investor Class are 1.81% and 2.06%, respectively, as of 5/1/2019 prospectus. Total annual Global Opportunities Fund operating expenses, net of any fee waivers, reimbursements and acquired fund fees and expenses, for Institutional Class and Investor Class, shares were 0.92% and 1.16%, respectively.
(as of 9/30/19)
Sector: Average Active Weights (%)
|Total Relative Contribution (%)|
Portfolio Characteristics(as of 9/30/19)
|Market Cap (weighted avg.)∱||$115,879M||$163,267M|
|Number of Securities||42||2,849|
(as of 9/30/19)
Microsoft Corp. 4.1%, Taiwan Semiconductor Manufacturing Co., Ltd. 3.8%, HDFC Bank, Ltd. 3.7%, Prudential PLC 3.6%, Visa, Inc., Class A 3.6%, Danone SA 3.6%, Thermo Fisher Scientific, Inc. 3.4%, Linde PLC 3.4%, IQVIA Holdings, Inc. 3.4% and Xylem, Inc. 3.1%. Holdings are subject to change.
ƒWeighted Average is an average in which each quantity to be averaged is assigned a weight. These weightings determine the relative importance of each quantity on the average.
∼Forward Price-Earnings Ratio or P/E FY1 ratio is a ratio for valuing a company that measures its current share price relative to its per-share earnings over the next 12 months.
∘Return on Equity: The amount of net income returned as a percentage of shareholders’ equity. Return on equity measures a corporation’s profitability by revealing how much profit a company generates with the money shareholders have invested.
∞An Ex-Ante Beta is used for Funds with less than two years of performance history under its new mandate. The Ex-Ante Beta is calculated using a multi-factor risk model. Beta explains common variations in stock returns due to different stock sensitivities to the market relative to its underlying benchmark for the current period, not historical. A beta for a benchmark is 1.00: A beta greater than 1.00 indicates above average volatility and risk.
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.