AUM
$130,230,848
Holdings
137
Launch Date
December 2016
Portfolio Managers
Scott LaBreche
Andrew Braun
Morningstar Low Carbon Designation™

Overview

A factor-based strategy focused on U.S. large cap companies’ ESG strength, dividend yield and ability to sustain future dividend payouts — well-established factors that have demonstrated the potential to reward investors over long time periods.

Dividend Sustainability

The strategy weights its portfolio toward companies with historically higher dividend yields and those that demonstrate strength and the ability to sustain future dividend payments as measured by a combination of profitability, earnings quality and management quality factors.

ESG

The strategy weights its portfolio toward companies with stronger ESG characteristics, as identified by Impax’s proprietary ESG scoring framework.

Powered by SmartCarbon™

The strategy is fossil fuel free, utilizing a SmartCarbon1 approach that substitutes energy efficiency companies in place of fossil fuel companies to reduce climate change-related risks and participate in the low carbon energy transition.

Monthly Total Returns

(As of 01/31/2021)
Month End | Quarter End Average Annual Returns (%)
1m3mYTD1yr3yrs5yrs10yrsSince
Inception
Pax ESG Beta Dividend Fund – Investor Class-0.2813.75-0.2814.649.4812.46
Pax ESG Beta Dividend Fund – Institutional Class-0.2813.74-0.2814.949.7812.76
Russell 1000 Index-0.8215.54-0.8219.8412.4815.52
Lipper Equity Income Funds Index-1.5313.34-1.535.105.408.68

Quarterly Total Returns

(As of 12/31/2020)
Month End | Quarter End Average Annual Returns (%)
1m3mYTD1yr3yrs5yrs10yrsSince
Inception
Pax ESG Beta Dividend Fund – Investor Class3.2511.3514.2514.2511.2312.80
Pax ESG Beta Dividend Fund – Institutional Class3.2811.4414.5414.5411.5613.10
Russell 1000 Index4.2313.6920.9620.9614.8216.08
Lipper Equity Income Funds Index3.0412.894.724.727.319.27
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 01/31/2021)
 3 – Year
Standard Deviation 17.63
Alpha -0.16
Beta 0.92
R-Squared 98
Standard Deviation 17.58
Alpha -0.13
Beta 0.92
R-Squared 98

Morningstar Ratings

(As of 01/31/2021)
 Large BlendOverall3yrs5yrs10yrs
Pax ESG Beta Dividend Fund – Investor Class Rating ★★★ ★★★
Pax ESG Beta Dividend Fund – Institutional Class Rating ★★★ ★★★
  # In Peer Group 1230 1230
Based on risk adjusted returns.

Lipper Rankings

(As of 01/31/2021)
 Multi-Cap Core1yr3yrs5yrs10yrs
Pax ESG Beta Dividend Fund – Investor Class Percentile Rank 8 7
  Prime Rank 35 31
  # In Peer Group 488 462
Pax ESG Beta Dividend Fund – Institutional Class Percentile Rank 7 6
  Prime Rank 33 26
  # In Peer Group 488 462
Based on total returns.

Net Asset Values

(As of 03/04/2021)
 N.A.V.% Change
Pax ESG Beta Dividend Fund – Investor Class $14.26 -1.66
Pax ESG Beta Dividend Fund – Institutional Class $14.31 -1.58
Past performance does not guarantee future results.

Asset Allocation

(As of 01/31/2021)

Portfolio Statistics

(As of 01/31/2021)
 Value
Assets (all share classes)$130,230,848
Number of Holdings (All)137
Turnover Ratio (12/31/2019)50

Top Sectors

(As of 01/31/2021)

Top Ten Holdings

(As of 01/31/2021)

Portfolio Management Team

Scott LaBreche

Vice President & Portfolio Manager

Scott LaBreche is Vice President and 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 MSCI EAFE ESG Leaders Index Fund, the Pax ESG Beta Dividend Fund and the Pax ESG Beta Quality 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

Andrew Braun, Pax World Funds

Andrew Braun

Senior Vice President, Portfolio Manager

Andrew Braun is Senior Vice President at Impax Asset Management LLC, the North American division of Impax Asset Management Group and investment adviser to Pax World Funds.

He is Portfolio Manager of the U.S. Large Cap Strategy, which includes the Pax Large Cap Fund. He is also a member of the Pax Sustainable Allocation Fund portfolio management team, and a Portfolio Manager of the Pax ESG Beta Dividend Fund and the Pax ESG Beta Quality Fund.

Prior to joining the firm in 2017, Andy was Managing Director on the value equity team at Goldman Sachs Asset Management, where he led a team of 30 portfolio managers and analysts. Andy joined Goldman Sachs Asset Management as a Product Development Associate in 1993. He was promoted to Portfolio Manager in 2001 and served as Co-Chief Investment Officer from 2008 to 2014. Before Goldman Sachs, Andy was a Financial Analyst in the corporate finance division of Dillon, Read & Co. Inc.

Andy has a Bachelor of Arts in economics from Harvard College and a Master of Business Administration in finance and economics from the Stern School of Business at New York University.

Recent blog posts

Contact Us

Please visit the contact page to find your regional representative.

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