AUM
$928,497,640
Holdings
416
Launch Date
October 1993
Launch Date (Institutional)
April 2006
Portfolio Managers
Scott LaBreche
Christine Cappabianca
Morningstar Low Carbon Designation™

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 09/30/2021)
Month End | Quarter End Average Annual Returns (%)
1m3mYTD1yr3yrs5yrs10yrsSince
Reorganization1
Pax Ellevate Global Women’s Leadership Fund – Investor Class-4.86-1.1810.9825.1211.5513.0511.989.53
Pax Ellevate Global Women’s Leadership Fund – Institutional Class-4.86-1.1511.1825.4611.8213.3212.269.79
Impax Global Women’s Leadership (Net) Index-4.39-0.7812.2526.6512.6013.6110.23
MSCI World (Net) Index-4.15-0.0113.0428.8213.1413.7412.689.92
Lipper Global Multi-Cap Core Funds Index-4.44-1.8511.4628.5911.5612.2711.638.79

Quarterly Total Returns

(As of 09/30/2021)
Month End | Quarter End Average Annual Returns (%)
1m3mYTD1yr3yrs5yrs10yrsSince
Reorganization1
Pax Ellevate Global Women’s Leadership Fund – Investor Class-4.86-1.1810.9825.1211.5513.0511.989.53
Pax Ellevate Global Women’s Leadership Fund – Institutional Class-4.86-1.1511.1825.4611.8213.3212.269.79
Impax Global Women’s Leadership (Net) Index-4.39-0.7812.2526.6512.6013.6110.23
MSCI World (Net) Index-4.15-0.0113.0428.8213.1413.7412.689.92
Lipper Global Multi-Cap Core Funds Index-4.44-1.8511.4628.5911.5612.2711.638.79

10 year performance data pre-dates 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 09/30/2021)
 5-Year
Standard Deviation 18.09
Alpha -0.10
Beta 0.99
R-Squared 98
Standard Deviation 18.12
Alpha -0.08
Beta 0.99
R-Squared 98

Morningstar Ratings

(As of 09/30/2021)
 World Large-Stock BlendOverall3yrs5yrs10yrs
Pax Ellevate Global Women’s Leadership Fund – Investor Class Rating ★★★ ★★★ ★★★ ★★★
Pax Ellevate Global Women’s Leadership Fund – Institutional Class Rating ★★★★ ★★★ ★★★★ ★★★★
  # In Peer Group 287 287 253 147
Based on risk adjusted returns.

Lipper Rankings

(As of 09/30/2021)
 Global Multi-Cap Core1yr3yrs5yrs10yrs
Pax Ellevate Global Women’s Leadership Fund – Investor Class Percentile Rank 69 42 32 38
  Prime Rank 100 47 31 25
  # In Peer Group 145 112 97 66
Pax Ellevate Global Women’s Leadership Fund – Institutional Class Percentile Rank 63 42 29 28
  Prime Rank 91 46 28 18
  # In Peer Group 145 112 97 66
Based on total returns.

Net Asset Values

(As of 10/15/2021)
 N.A.V.% Change
Pax Ellevate Global Women’s Leadership Fund – Investor Class $34.83 0.58
Pax Ellevate Global Women’s Leadership Fund – Institutional Class $35.04 0.57
Past performance does not guarantee future results.

Asset Allocation

(As of 09/30/2021)

Portfolio Statistics

(As of 09/30/2021)
Value
Assets (all share classes)928,497,640
Number of Holdings (All) 416
Turnover Ratio (12/31/2020)§ 69

Regions

(As of 09/30/2021)

Country Allocation

(As of 09/30/2021)
 Portfolio %
United States 68.80
France 8.20
Canada 5.20
Netherlands 3.50
United Kingdom 3.40
Sweden 2.60
Germany 2.30
Australia 2.00
Denmark 0.90
Norway 0.60
Switzerland 0.30
Spain 0.30
Italy 0.20
Finland 0.20
Belgium 0.10
Hong Kong 0.10
Japan 0.10
Singapore 0.10
New Zealand 0.10
Israel 0.10

Top Sectors

(As of 09/30/2021)

Top Ten Holdings

(As of 09/30/2021)

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

Vice President, Portfolio Manager

Scott LaBreche is Vice President, Portfolio Manager at Impax Asset Management LLC, the North American division of Impax Asset Management Group and investment adviser to Pax World Funds.

Scott is a Portfolio Manager of the Global Women’s Leadership Strategy, which includes the Pax Ellevate Global Women’s Leadership Fund. He is also a Portfolio Manager of the Pax International Sustainable Economy Fund, the Pax Global Sustainable Infrastructure Fund and the Pax US Sustainable Economy Fund.

He is responsible for portfolio management of systematic strategies, portfolio analytics and risk oversight, and quantitative ESG research.

Before joining Impax in 2007, Scott was a Securities Fund Analyst at Lincoln Financial Group. He has been in the investment management industry since 1999.

Scott holds a Bachelor of Science in business administration and a Master of Business Administration with advanced certificate in finance from Southern New Hampshire University.

Recent blog posts

Christine Cappabianca

Vice President, Portfolio Manager

Christine Cappabianca is Vice President, Portfolio Manager at Impax Asset Management LLC, the North American division of Impax Asset Management Group and investment adviser to Pax World Funds.

She is a Portfolio Manager of the firm’s systematic strategies, including the Pax Ellevate Global Women’s Leadership Fund, the Pax Global Sustainable Infrastructure Fund, the Pax US Sustainable Economy Fund and the Pax International Sustainable Economy Fund.

Before joining Impax in 2021, Christine spent 14 years with Mellon, where she held several positions, most recently as senior quantitative research analyst and portfolio manager for the firm’s Internet of Things, Blockchain Innovation, US Manufacturing and Smart Cures Innovation thematic strategies. She also served as the ESG data expert on Mellon’s ESG Council.

Christine earned a Bachelor of Arts in economics at Harvard University and a Master of Science in investment management at Boston University. She holds the SASB FSA Credential.

Recent blog posts

Q&A: Meet Christine Cappabianca

Christine Cappabianca joined the Impax team in June as a Portfolio Manager of the firm’s systematic strategies.

8 Sep 2021
Contact Us

Please visit the contact page to find your regional representative.

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