PWGIX: Pax ESG Beta Quality Institutional

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PWGIX Pax ESG Beta Quality Institutional


Profile

PWGIX - Profile

Vitals

  • YTD Return -1.0%
  • 3 Yr Annualized Return 4.0%
  • 5 Yr Annualized Return 4.1%
  • Net Assets $245 M
  • Holdings in Top 10 31.0%

52 WEEK LOW AND HIGH

$21.86
$15.22
$23.70

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.65%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 55.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $250,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -1.0%
  • 3 Yr Annualized Total Return 4.0%
  • 5 Yr Annualized Total Return 4.1%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.68%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name
    Pax ESG Beta Quality Fund
  • Fund Family Name
    Pax World
  • Inception Date
    Apr 02, 2007
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Ran Leshem

Fund Description

The fund invests primarily in large-capitalization domestic equity securities that the Adviser believes have strong Environmental, Social and Governance (ESG) profiles and that exhibit higher "quality" characteristics and reasonable valuations. It may invest a portion of its assets in securities of non-U.S. issuers, including emerging market investments and American Depositary Receipts ("ADRs"), but may invest no more than 25% of its assets in securities of non-U.S. issuers other than ADRs.


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Categories

Performance

PWGIX - Performance

Return Ranking - Trailing

Period PWGIX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.0% -37.3% 1958.8% 65.36%
1 Yr 3.9% -73.2% 2083.0% 46.12%
3 Yr 4.0%* -33.7% 189.4% 31.67%
5 Yr 4.1%* -21.2% 98.5% 51.76%
10 Yr 7.2%* -6.4% 38.8% 40.38%

* Annualized

Return Ranking - Calendar

Period PWGIX Return Category Return Low Category Return High Rank in Category (%)
2019 23.0% -72.6% 39.5% 44.53%
2018 -11.3% -67.0% 10.0% 33.24%
2017 16.7% -32.8% 33.2% 29.61%
2016 -3.5% -18.6% 19.7% 96.55%
2015 -3.7% -35.5% 7.8% 36.62%

Total Return Ranking - Trailing

Period PWGIX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.0% -37.3% 1958.8% 65.36%
1 Yr 3.9% -73.2% 2083.0% 45.95%
3 Yr 4.0%* -33.7% 189.4% 57.53%
5 Yr 4.1%* -14.0% 98.5% 80.48%
10 Yr 7.2%* -4.7% 38.8% 79.59%

* Annualized

Total Return Ranking - Calendar

Period PWGIX Return Category Return Low Category Return High Rank in Category (%)
2019 23.0% -72.6% 39.5% 44.70%
2018 -11.3% -67.0% 10.0% 60.68%
2017 16.7% -22.1% 33.2% 70.20%
2016 -3.5% -16.4% 26.8% 98.88%
2015 -3.7% -26.4% 106.5% 68.04%

NAV & Total Return History


Holdings

PWGIX - Holdings

Concentration Analysis

PWGIX Category Low Category High PWGIX % Rank
Net Assets 245 M 1.14 K 974 B 74.39%
Number of Holdings 153 1 3529 44.18%
Net Assets in Top 10 68.6 M 48.8 K 236 B 76.48%
Weighting of Top 10 31.00% 2.3% 100.0% 54.81%

Top 10 Holdings

  1. Apple Inc 5.27%
  2. Microsoft Corp 4.97%
  3. Amazon.com Inc 4.05%
  4. Alphabet Inc A 2.86%
  5. Johnson & Johnson 2.83%
  6. Texas Instruments Inc 2.53%
  7. Verizon Communications Inc 2.37%
  8. Thermo Fisher Scientific Inc 2.34%
  9. Intel Corp 2.02%
  10. The Home Depot Inc 1.75%

Asset Allocation

Weighting Return Low Return High PWGIX % Rank
Stocks
99.30% 80.83% 167.47% 39.51%
Cash
0.70% -110.24% 19.17% 54.76%
Preferred Stocks
0.00% 0.00% 14.67% 31.33%
Other
0.00% -4.07% 83.89% 30.51%
Convertible Bonds
0.00% 0.00% 13.87% 29.37%
Bonds
0.00% 0.00% 72.82% 34.72%

Stock Sector Breakdown

Weighting Return Low Return High PWGIX % Rank
Technology
27.05% 0.00% 38.54% 9.82%
Healthcare
16.54% 0.00% 31.05% 27.23%
Communication Services
10.66% 0.00% 28.36% 46.20%
Financial Services
10.59% 0.00% 42.66% 86.72%
Consumer Defense
9.43% 0.00% 32.98% 20.05%
Consumer Cyclical
9.16% 0.00% 50.96% 79.37%
Industrials
8.82% 0.00% 28.15% 43.89%
Real Estate
2.82% 0.00% 12.00% 47.85%
Basic Materials
2.46% -0.14% 13.17% 38.04%
Utilities
2.07% 0.00% 29.37% 64.11%
Energy
0.40% -1.47% 13.74% 87.29%

Stock Geographic Breakdown

Weighting Return Low Return High PWGIX % Rank
US
98.43% 80.53% 157.79% 26.44%
Non US
0.87% -1.85% 19.64% 76.73%

Expenses

PWGIX - Expenses

Operational Fees

PWGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.65% 0.01% 49.73% 72.05%
Management Fee 0.65% 0.00% 2.00% 68.82%
12b-1 Fee 0.00% 0.00% 1.00% 5.53%
Administrative Fee N/A 0.00% 0.95% N/A

Sales Fees

PWGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 5.75% N/A
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

PWGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PWGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 55.00% 0.00% 475.00% 68.02%

Distributions

PWGIX - Distributions

Dividend Yield Analysis

PWGIX Category Low Category High PWGIX % Rank
Dividend Yield 0.00% 0.00% 11.22% 28.54%

Dividend Distribution Analysis

PWGIX Category Low Category High Category Mod
Dividend Distribution Frequency Semi-Annually Annually Quarterly Quarterly

Net Income Ratio Analysis

PWGIX Category Low Category High PWGIX % Rank
Net Income Ratio 1.68% -3.93% 3.34% 22.63%

Capital Gain Distribution Analysis

PWGIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

PWGIX - Fund Manager Analysis

Managers

Ran Leshem


Start Date

Tenure

Tenure Rank

Jun 30, 2016

4.17

4.2%

Ran Leshem is a member of the Pax ESG Beta Quality Fund and Pax ESG Beta Dividend Fund portfolio management team. At Aperio Group LLC (Aperio), subadviser of the Pax ESG Beta Quality Fund and Pax ESG Beta Dividend Fund, Ran is Chief Investment Officer. He oversees the portfolio management and operations of Aperio’s US, foreign, and global products. Ran has extensive experience in applying quantitative techniques and information technology to complex operational problems. Prior to joining Aperio in 2006, Ran was a Manager, Operating Strategy, at the Gap, Inc. With Aperio co-authors Lisa Goldberg and Patrick Geddes, Ran was awarded a Harry M. Markowitz Distinction Award by the Journal of Investment Management for “Restoring Value to Minimum Variance” in 2014. He also co-authored “Optimizing Value” with Lisa Goldberg and Alan Cummings, which was published in The Journal of Portfolio Management in 2016. Along with Lisa Goldberg and Michael Branch, he wrote “Factoring Probability,” published in Risk-Based and Factor Investing in 2015. Ran received his Bachelor of Science degree in Mathematics from the University of Waterloo, Canada, where he received the Hewlett Packard Award for academic excellence. He received his MBA from the University of California at Berkeley. ALPS Distributors, Inc. is not affiliated with Aperio Group, LLC.

Annie Tan


Start Date

Tenure

Tenure Rank

Jun 30, 2016

4.17

4.2%

Annie Tan is an Associate Portfolio Manager at Aperio Group LLC (Aperio) and a member of the Pax ESG Beta Quality Fund and Pax ESG Beta Dividend Fund portfolio management team. Aperio serves as subadviser of the Pax ESG Beta Quality Fund and Pax ESG Beta Dividend Fund. At Aperio, Annie is responsible for providing analytical support in the research, portfolio management, and trading of client portfolios. Prior to Aperio, Annie was an investment analyst at Dragon Financial Group. She received her Bachelor of Arts in Economics from the University of California at Davis and her Master of Science in Financial Analysis from the University of San Francisco. ALPS Distributors, Inc. is not affiliated with Aperio Group, LLC.

Michael Branch


Start Date

Tenure

Tenure Rank

Jun 30, 2016

4.17

4.2%

Michael Branch is a Portfolio Research, Trading, and Analytics Associate at Aperio Group LLC (Aperio) and is a member of the Pax ESG Beta Quality Fund and Pax ESG Beta Dividend Fund portfolio management team. Aperio serves as subadvisor of the Pax ESG Beta Quality Fund and Pax ESG Beta Dividend Fund. Prior to joining Aperio, Michael was a Fund Operations Specialist for California Investment Trust, a mutual fund company. Michael co-authored “Factoring Probability” with Lisa Goldberg and Ran Leshem; it was published in Risk-Based and Factor Investing in 2015. He was the sole author of “The Case for Global Stock Portfolios,” published in the Journal of Indexes in 2011. Michael received his Bachelor of Science in Finance from the University of Arizona. He holds the Chartered Financial Analyst designation and is a member of the CFA® Society of San Francisco. CFA® is a trademark owned by the CFA Institute. ALPS Distributors, Inc. is not affiliated with Aperio Group, LLC.

Robert Tymoczko


Start Date

Tenure

Tenure Rank

Jun 30, 2016

4.17

4.2%

Robert Tymoczko is a member of the Pax ESG Beta Quality Fund and Pax ESG Beta Dividend portfolio management team. At Aperio Group LLC (Aperio), subadviser of the Pax ESG Beta Quality Fund and Pax ESG Beta Dividend Fund Robert is responsible for overseeing the day-to-day portfolio management and strategy implementation of all investment products. Prior to joining Aperio, Robert was a Managing Partner at AlphaStream Capital Management, LLC, where he was responsible for quantitative research and portfolio management. Before AlphaStream, Robert was Lead Portfolio Manager and Co-Head of U.S. Quantitative Equity Products at Zurich Scudder Investments. Robert received his Bachelor of Arts in Quantitative Economics from Stanford University and his MBA with concentrations in Finance and Econometrics from the University of Chicago. ALPS Distributors, Inc. is not affiliated with Aperio Group, LLC.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 34.15 6.44 0.67