AUM
$763,217,953
Holdings
430
Launch Date
Launch Date (Institutional)
October 1993
April 2006
Portfolio Managers
Scott LaBreche
Christine Cappabianca
Morningstar Low Carbon Designation™
Global Equity Large Cap as of 09/30/22.
Based on 100% of AUM.

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 10/31/2022)
Month End | Quarter End Average Annual Returns (%)
1m3mYTD1yr3yrs5yrs10yrsSince
Reorganization1
Pax Ellevate Global Women’s Leadership Fund – Investor Class7.58-7.25-22.17-22.383.244.738.075.76
Pax Ellevate Global Women’s Leadership Fund – Institutional Class7.61-7.18-22.00-22.193.514.998.346.02
Impax Global Women’s Leadership (Net) Index6.91-7.22-21.84-21.563.745.416.49
MSCI World (Net) Index7.18-6.85-20.07-18.486.116.378.946.68
Lipper Global Multi-Cap Core Funds Index6.48-7.34-20.90-19.794.424.197.765.38

Quarterly Total Returns

(As of 09/30/2022)
Month End | Quarter End Average Annual Returns (%)
1m3mYTD1yr3yrs5yrs10yrsSince
Reorganization1
Pax Ellevate Global Women’s Leadership Fund – Investor Class-8.93-7.28-27.65-23.550.893.587.224.90
Pax Ellevate Global Women’s Leadership Fund – Institutional Class-8.91-7.21-27.52-23.361.153.847.485.16
Impax Global Women’s Leadership (Net) Index-8.92-6.08-26.89-22.191.984.365.71
MSCI World (Net) Index-9.30-6.19-25.42-19.634.565.308.115.86
Lipper Global Multi-Cap Core Funds Index-9.17-6.86-25.71-21.283.083.287.044.64

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 10/31/2022)
 5-Year
Standard Deviation 19.95
Alpha -0.22
Beta 0.99
R-Squared 99
Standard Deviation 20.00
Alpha -0.20
Beta 0.99
R-Squared 99

Morningstar Ratings

(As of 10/31/2022)
 Global 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 320 320 284 177
Based on risk adjusted returns.

Lipper Rankings

(As of 10/31/2022)
 Global Multi-Cap Core1yr3yrs5yrs10yrs
Pax Ellevate Global Women’s Leadership Fund – Investor Class Percentile Rank 64 78 46 57
  Prime Rank 80 77 36 32
  # In Peer Group 125 99 79 57
Pax Ellevate Global Women’s Leadership Fund – Institutional Class Percentile Rank 60 73 40 41
  Prime Rank 75 72 31 23
  # In Peer Group 125 99 79 57
Based on total returns.

Net Asset Values

(As of 11/28/2022)
 N.A.V.% Change
Pax Ellevate Global Women’s Leadership Fund – Investor Class $28.48 -1.28
Pax Ellevate Global Women’s Leadership Fund – Institutional Class $28.66 -1.27
Past performance does not guarantee future results.

Asset Allocation

(As of 10/31/2022)

Portfolio Statistics

(As of 10/31/2022)
Value
Assets (all share classes)763,217,953
Number of Holdings (All) 430
Turnover Ratio (12/31/2021)§ 43

Regions

(As of 10/31/2022)

Country Allocation

(As of 10/31/2022)
 Portfolio %
United States 69.40

Top Sectors

(As of 10/31/2022)

Top Ten Holdings

(As of 10/31/2022)

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

Portfolio Manager

Scott LaBreche is Portfolio Manager & VP, Portfolio Analytics, 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 U.S. 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 Insights

Christine Cappabianca

Portfolio Manager

Christine co-manages Impax’s Systematic strategies and the actively managed Sustainable Infrastructure strategy.

Christine’s research brings a focus on identifying and emphasizing the optimal sources of return within sustainable/thematic universes and removing any unintentional portfolio biases.

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, U.S. Manufacturing and Smart Cures Innovation thematic strategies. She also served as the ESG data expert on Mellon’s ESG Council. In these roles she focused on informing active portfolios with the power of data and sustainability metrics.

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 Insights

Contact Us

Please visit the contact page to find your regional representative.

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