Performance (%)(as of 3/31/19)
|1-Month||Quarter||YTD||1 Year||3 Year||5 Year||10 Year||Since Inception1|
|Mid Cap Fund - Investor Class||0.20||12.74||12.74||-0.05||6.35||-||-||6.35|
|Mid Cap Fund - Institutional Class||0.10||12.74||12.74||0.21||6.57||-||-||6.57|
|Russell Midcap Index||0.86||16.54||16.54||6.47||11.82||-||-||11.84|
|Lipper Mid-Cap Core Funds Index||-0.16||14.64||14.64||2.42||10.18||-||-||10.20|
Figures include reinvested dividends, capital gains distributions and changes in principal value.
1The inception date for the Pax Mid Cap Fund Institutional Class and Investor Class is March 31, 2016.
As of 5/1/18 prospectus, total annual Pax Mid Cap Fund operating expenses, gross of any fee waivers or reimbursements (excluding Acquired Fund fees and expenses), for Investor Class and Institutional Class shares are 0.89% and 1.14%, respectively.
(as of 3/31/19)Sector: Average Active Weights (%)
|Total Relative Contribution (%)|
Portfolio Characteristics(as of 3/31/19)
|Market Cap (weighted avg.)∱||$17,127M||$16,011M|
|Number of Securities||50||784|
(as of 3/31/19)
ONE Gas, Inc. 4.9%, Newmont Mining Corp. 4.3%, Waste Management, Inc. 3.6%, Alleghany Corp. 2.9%, Biogen, Inc. 2.8%, White Mountains Insurance Group, Ltd. 2.7%, nVent Electric PLC 2.6%, Crown Castle International Corp., REIT 2.5%, RenaissanceRe Holdings, Ltd. 2.5% and Zebra Technologies Corp., Class A 2.4%. Holdings are subject to change.
†The price-to-earnings (P/E) ratio is a valuation measure that compares a company’s current share price relative to its per-share earnings.
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 corporations’ 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.