AUM
$498,274,381
Holdings
410
Launch Date
October 1993
Launch Date (Institutional)
April 2006
Portfolio Managers
Scott LaBreche
Barbara Browning, CFA®

Overview

Investing in companies that invest in women.

Invest in Women

The strategy is the first broadly diversified mutual fund that invests in the highest-rated companies in the world for advancing women through gender-diverse boards, senior leadership teams and other policies and practices.

Diversity Advantage

Research indicates that companies with more women in leadership have higher returns on capital, greater innovation, increased productivity and higher employee retention and satisfaction.

Impact & ESG

The strategy invests in companies that value women’s leadership and advances gender equality through engagement and advocacy. Additionally, the strategy meets key ESG standards and is fossil fuel free.

Monthly Total Returns

(As of 02/29/2020)
Month End | Quarter End Average Annual Returns (%)
1m3mYTD1yr3yrs5yrs10yrsSince
Reorganization1
Pax Ellevate Global Women’s Leadership Fund – Investor Class-7.73-5.33-8.044.238.116.287.976.30
Pax Ellevate Global Women’s Leadership Fund – Institutional Class-7.72-5.26-8.004.498.396.548.246.57
Impax Global Women’s Leadership (Net) Index-8.14-5.88-8.275.588.216.996.94
MSCI World (Net) Index-8.45-6.28-9.014.637.245.888.755.89
Lipper Global Multi-Cap Core Funds Index-7.40-6.34-9.031.945.545.038.204.86

Quarterly Total Returns

(As of 12/31/2019)
Month End | Quarter End Average Annual Returns (%)
1m3mYTD1yr3yrs5yrs10yrsSince
Reorganization1
Pax Ellevate Global Women’s Leadership Fund – Investor Class2.946.4926.4226.4213.348.838.658.10
Pax Ellevate Global Women’s Leadership Fund – Institutional Class2.986.5926.7726.7713.629.118.928.37
Impax Global Women’s Leadership (Net) Index2.617.0426.6226.6213.409.608.82
MSCI World (Net) Index3.008.5627.6727.6712.578.749.477.88
Lipper Global Multi-Cap Core Funds Index3.038.3224.1924.1910.747.888.996.80

5 year and 10 year performance data pre-date fund reorganization.

Performance data quoted represent past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.

Risk Statistics

(As of 02/29/2020)
 5-Year
Standard Deviation 11.33
Alpha 0.06
Beta 0.93
R-Squared 97
Standard Deviation 11.34
Alpha 0.08
Beta 0.93
R-Squared 97

Morningstar Ratings

(As of 02/29/2020)
 World Large StockOverall3yrs5yrs10yrs
Pax Ellevate Global Women’s Leadership Fund – Investor Class Rating ★★★★ ★★★ ★★★★
Pax Ellevate Global Women’s Leadership Fund – Institutional Class Rating ★★★★ ★★★★ ★★★★
  # In Peer Group 740 740 604
Based on risk adjusted returns.

Lipper Rankings

(As of 02/29/2020)
 Global Multi-Cap Core1yr3yrs5yrs10yrs
Pax Ellevate Global Women’s Leadership Fund – Investor Class Percentile Rank 21 14 8 57
  Prime Rank 30 17 8 38
  # In Peer Group 149 123 106 67
Pax Ellevate Global Women’s Leadership Fund – Institutional Class Percentile Rank 16 9 6 39
  Prime Rank 23 11 6 26
  # In Peer Group 149 123 106 67
Based on total returns.

Net Asset Values

(As of 03/27/2020)
 N.A.V.% Change
Pax Ellevate Global Women’s Leadership Fund – Investor Class $20.97 -3.76
Pax Ellevate Global Women’s Leadership Fund – Institutional Class $21.09 -3.79
Past performance does not guarantee future results.

Asset Allocation

(As of 02/29/2020)

Portfolio Statistics

(As of 02/29/2020)
 Value
Assets (all share classes)$498,274,381
Number of Holdings (All)410
Turnover Ratio (12/31/2018)66

Regions

(As of 02/29/2020)

Country Allocation

(As of 02/29/2020)
 Portfolio %
United States 55.70

Top Sectors

(As of 02/29/2020)

Top Ten Holdings

(As of 02/29/2020)

Impax Gender Analytics Team

Julie Gorte Ph.D., Senior Vice President for Sustainable Investing, and Heather Smith, Lead Sustainability Research Analyst, lead the team that rates and ranks companies to construct the Impax Global Women’s Leadership Index.

Portfolio Management Team

Scott LaBreche

Director, Portfolio Analytics & Index Strategy Optimization, Impax Asset Management LLC Portfolio Manager, Pax Ellevate Global Women's Leadership Fund, Pax MSCI EAFE ESG Leaders Index Fund

Scott LaBreche is Director, Portfolio Analytics & Index Strategy 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.

Prior to joining the firm in 2007, Scott was a Securities Fund Analyst at Lincoln Financial Group. He has been in the mutual fund industry since 1999.

Scott holds a Bachelor of Science in Business Administration and a Masters of Business Administration with Advanced Certificate in Finance from Southern New Hampshire University.

Recent blog posts

Barbara Browning, CFA®

Co-Portfolio Manager, Pax Large Cap Fund and Portfolio Manager, Pax Ellevate Global Women's Leadership Fund, Impax Asset Management LLC
Vice President, Pax World Funds

Barbara Browning, CFA is a Co-Portfolio Manager of the Pax Large Cap Fund, a Portfolio Manager of the Pax Ellevate Global Women’s Leadership Fund and a Vice President at Pax World Funds.

Prior to joining the firm in 2017, Barbara was Vice President and Senior Portfolio Manager at RBC Global Asset Management, Inc., where she co-managed Diversified Core, Concentrated Core and Diversified Large Cap Value Equity funds. Prior to joining RBC Global Asset Management, Inc., Barbara was a Senior Portfolio Manager and Investment Officer at National City Bank, a Senior Research Analyst at Banc One Investment Advisors Corporation and prior to that, held various equity research positions.

Barbara has a Bachelor of Arts in Economics from Ohio State University, where she graduated cum laude. She is a CFA charterholder.

CFA® is a trademark owned by the CFA Institute.

Recent blog posts

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