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Trending ETFs

Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$24.59

$259 M

0.00%

$0.00

0.88%

Vitals

YTD Return

9.2%

1 yr return

29.8%

3 Yr Avg Return

10.2%

5 Yr Avg Return

13.3%

Net Assets

$259 M

Holdings in Top 10

29.0%

52 WEEK LOW AND HIGH

$24.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.88%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$24.59

$259 M

0.00%

$0.00

0.88%

PXWGX - Profile

Distributions

  • YTD Total Return 9.2%
  • 3 Yr Annualized Total Return 10.2%
  • 5 Yr Annualized Total Return 13.3%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 0.74%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Impax US Sustainable Economy Fund
  • Fund Family Name
    PAXWORLDFF
  • Inception Date
    Feb 04, 1998
  • Shares Outstanding
    N/A
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Scott LaBreche

Fund Description

The US Sustainable Economy Fund follows a sustainable investing approach, investing in companies that the Adviser believes are well positioned to benefit from the transition to a more sustainable economy, integrating environmental, social and governance (ESG) analysis into portfolio construction and managing the portfolio within certain risk parameters relative to the Fund’s benchmark universe of Russell 1000 Index companies.

Under normal market conditions, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in large-capitalization US equity securities. The Fund also may invest up to 20% of its assets in non-US issuers, including emerging market investments and American Depository Receipts (ADRs).

The Fund employs a systematic investment strategy that integrates proprietary and external tools and metrics in the portfolio construction process. The Fund incorporates the Impax Sustainability Lens, a tool utilized by the Adviser to facilitate a systematic review of the economic opportunities and risks associated with the transition to a more sustainable economy. The tool highlights sub-industries with transition tailwinds and headwinds, enabling the investment team to construct a portfolio weighted towards companies that the Adviser believes present attractive opportunities and lower risks. The Fund may take significant positions in one or more sectors, including the information technology sector.

The Fund also utilizes the Impax Systematic ESG Rating, a fundamental, bottom-up rating by the Adviser of a company’s ESG profile. The rating emphasizes management of ESG-related risks, incorporates ESG trends (taking into account progress or regression in a company’s ESG profile) and takes into account any involvement by the company in significant ESG-related controversies.

Under normal market conditions, and as a result of the Adviser’s focus on risks and opportunities accompanying the transition to a more sustainable economy, the Fund is fossil fuel-free - not invested in securities of companies that the Adviser determines derive revenues or profits from exploration, production, refining or processing of thermal coal, oil or gas, or significant (generally more than 5%) revenues or profits from storage, distribution or power generation from the same. However, a company may be included in the portfolio if the Adviser determines that it has established itself as a leader in the transition to a zero-emissions energy economy with reduction objectives that the Adviser believes are aligned with the Paris Agreement’s objective of limiting future warming to 2⁰C. Under the Fund’s fossil fuel-free investment approach, fossil fuel

holdings are replaced with energy efficiency stocks. This approach is described more fully below under Sustainable Investing in the About the Funds section of this Prospectus.

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PXWGX - Performance

Return Ranking - Trailing

Period PXWGX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.2% 0.3% 17.0% 46.50%
1 Yr 29.8% 3.7% 53.6% 61.50%
3 Yr 10.2%* -10.3% 30.6% 38.88%
5 Yr 13.3%* -7.9% 109.2% 60.18%
10 Yr 11.4%* 0.4% 21.0% 54.28%

* Annualized

Return Ranking - Calendar

Period PXWGX Return Category Return Low Category Return High Rank in Category (%)
2023 17.3% -42.6% 47.4% 57.20%
2022 -24.1% -56.3% -4.2% 72.47%
2021 6.3% -27.2% 53.7% 85.23%
2020 11.1% -36.2% 2181.7% 52.78%
2019 22.9% -22.7% 40.4% 51.50%

Total Return Ranking - Trailing

Period PXWGX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.2% 0.3% 17.0% 46.50%
1 Yr 29.8% 3.7% 53.6% 61.50%
3 Yr 10.2%* -10.3% 30.6% 38.88%
5 Yr 13.3%* -7.9% 109.2% 60.18%
10 Yr 11.4%* 0.4% 21.0% 54.28%

* Annualized

Total Return Ranking - Calendar

Period PXWGX Return Category Return Low Category Return High Rank in Category (%)
2023 23.8% -5.0% 47.4% 51.95%
2022 -18.2% -36.8% -2.2% 51.72%
2021 30.0% 3.0% 124.3% 11.77%
2020 13.3% -15.8% 2266.0% 74.87%
2019 27.1% -0.4% 241.3% 76.15%

NAV & Total Return History


PXWGX - Holdings

Concentration Analysis

PXWGX Category Low Category High PXWGX % Rank
Net Assets 259 M 2.59 M 1.55 T 74.90%
Number of Holdings 148 1 4053 42.85%
Net Assets in Top 10 84 M 885 K 387 B 77.09%
Weighting of Top 10 28.98% 0.3% 112.0% 77.00%

Top 10 Holdings

  1. Apple, Inc. 5.94%
  2. Microsoft Corp. 5.91%
  3. NVIDIA Corp. 3.69%
  4. Eli Lilly Co. 2.32%
  5. Mastercard, Inc., Class A 2.26%
  6. Merck Co., Inc. 2.05%
  7. Johnson Johnson 1.80%
  8. Verizon Communications, Inc. 1.73%
  9. Texas Instruments, Inc. 1.65%
  10. Zoetis, Inc., Class A 1.62%

Asset Allocation

Weighting Return Low Return High PXWGX % Rank
Stocks
98.72% 0.00% 124.03% 52.85%
Cash
1.54% 0.00% 99.06% 40.34%
Preferred Stocks
0.00% 0.00% 2.38% 91.79%
Other
0.00% -13.91% 100.00% 86.24%
Convertible Bonds
0.00% 0.00% 5.54% 90.90%
Bonds
0.00% -0.50% 94.15% 91.40%

Stock Sector Breakdown

Weighting Return Low Return High PXWGX % Rank
Technology
29.36% 0.00% 48.94% 6.60%
Healthcare
15.97% 0.00% 60.70% 22.75%
Financial Services
13.05% 0.00% 55.59% 68.89%
Industrials
9.53% 0.00% 29.90% 42.56%
Consumer Defense
7.78% 0.00% 47.71% 26.89%
Communication Services
7.45% 0.00% 27.94% 64.68%
Consumer Cyclical
6.28% 0.00% 30.33% 89.58%
Real Estate
5.14% 0.00% 31.91% 6.44%
Basic Materials
3.78% 0.00% 25.70% 23.23%
Utilities
1.62% 0.00% 20.91% 73.51%
Energy
0.04% 0.00% 41.64% 85.36%

Stock Geographic Breakdown

Weighting Return Low Return High PXWGX % Rank
US
98.72% 0.00% 124.03% 41.28%
Non US
0.00% 0.00% 62.81% 93.82%

PXWGX - Expenses

Operational Fees

PXWGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.88% 0.01% 16.07% 45.79%
Management Fee 0.63% 0.00% 1.89% 68.66%
12b-1 Fee 0.25% 0.00% 1.00% 61.00%
Administrative Fee N/A 0.00% 0.85% N/A

Sales Fees

PXWGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

PXWGX 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.

PXWGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 496.00% 73.17%

PXWGX - Distributions

Dividend Yield Analysis

PXWGX Category Low Category High PXWGX % Rank
Dividend Yield 0.00% 0.00% 25.10% 79.23%

Dividend Distribution Analysis

PXWGX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Quarterly Semi-Annually

Net Income Ratio Analysis

PXWGX Category Low Category High PXWGX % Rank
Net Income Ratio 0.74% -54.00% 6.06% 47.73%

Capital Gain Distribution Analysis

PXWGX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Quarterly Annually

Distributions History

View More +

PXWGX - Fund Manager Analysis

Managers

Scott LaBreche


Start Date

Tenure

Tenure Rank

Feb 01, 2021

1.33

1.3%

Scott LaBreche is Director of Portfolio Analytics and Index Optimization at Impax Asset Management LLC, formerly Pax World Management LLC, and a Portfolio Manager of the Pax Ellevate Global Women’s Leadership Fund and the Pax MSCI EAFE ESG Leaders Index Fund. Across all Pax World Funds, Scott is responsible for fund research, quantitative ESG research, advanced analytics, risk oversight, fund optimization and board reporting, as well as overseeing performance and attribution.

Christine Cappabianca


Start Date

Tenure

Tenure Rank

Jun 22, 2021

0.94

0.9%

Christine Cappabianca is a Portfolio Manager of the Global Women’s Fund, the Global Sustainable Infrastructure Fund, the U.S. Sustainable Economy Fund and the International Sustainable Economy Fund. Christine joined IAM in 2021. Prior to joining the Adviser, Ms. Cappabianca spent 14 years with BNY Mellon Investment Management, where she held several positions, most recently as senior quantitative research analyst and portfolio manager for the firm’s Internet of Things, Blockchain Innovation, U.S. Manufacturing and Smart Cures Innovation thematic strategies. She also served as the ESG data expert on Mellon’s ESG Council. Ms. Cappabianca has a Bachelor of Arts in Economics from Harvard University and a Master of Science in Investment Management from Boston University. She holds the Sustainability Accounting Standards Board Fundamentals of Sustainability Accounting Credential.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 39.02 7.21 2.42