AUM
$255,886,061
Holdings
147
Launch Date
April 2007
Portfolio Managers
Scott LaBreche
Andrew Braun
Morningstar Low Carbon Designation™

Overview

A factor-based strategy that focuses on U.S. large cap companies’ ESG strength, profitability, earnings quality, risk and valuations — well-established factors that have demonstrated the potential to reward investors over long time periods.

Smart Beta

The strategy weights its portfolio toward companies with higher profitability, higher earnings quality, lower volatility, and lower valuations relative to the market.

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 (%)
1m3mYTD1yr3yrs5yrs10yrs
Pax ESG Beta Quality Fund – Investor Class0.2914.390.2914.709.7113.6611.09
Pax ESG Beta Quality Fund – Class A50.3014.380.3014.689.7213.6611.09
Pax ESG Beta Quality Fund – Institutional Class0.3314.400.3314.989.9913.9311.36
Russell 1000 Index-0.8215.54-0.8219.8412.4816.6913.64
Lipper Multi-Cap Core Funds Index-0.3317.36-0.3321.8011.1215.7111.95

Quarterly Total Returns

(As of 12/31/2020)
Month End | Quarter End Average Annual Returns (%)
1m3mYTD1yr3yrs5yrs10yrs
Pax ESG Beta Quality Fund – Investor Class3.7010.9013.3413.3411.2212.2511.31
Pax ESG Beta Quality Fund – Class A53.7110.8913.3313.3311.2012.2511.31
Pax ESG Beta Quality Fund – Institutional Class3.7110.9713.5713.5711.4912.5211.58
Russell 1000 Index4.2313.6920.9620.9614.8215.6014.01
Lipper Multi-Cap Core Funds Index4.6815.6921.2021.2013.0914.3712.25
5 Class A Inception date return since May 1, 2013 is 12.44 (annualized).
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.
The performance information shown for Class A represents the performance of the Individual Investor Class shares for the period prior to Class A inception.
A 1.00% CDSC (contingent deferred sales charge) may be charged on any shares sold within 18 months of purchase over $1 million. POP (public offering price) reflects the maximum sales load for the Fund’s Class A Shares of 5.50%

Performance after Sales Charge

(As of 01/31/2021)
Month End | Quarter End Average Annual Returns (%)
1m3mYTD1yr3yrs5yrs10yrs
Pax ESG Beta Quality Fund – Class A (Load)-5.228.07-5.228.387.6612.3810.46

Performance after Sales Charge

(As of 12/31/2020)
Month End | Quarter End Average Annual Returns (%)
1m3mYTD1yr3yrs5yrs10yrs
Pax ESG Beta Quality Fund – Class A (Load)-2.004.807.117.119.1410.9910.68

Risk Statistics

(As of 01/31/2021)
 3 – Year
Standard Deviation 17.42
Alpha -0.13
Beta 0.91
R-Squared 99
Standard Deviation 17.38
Alpha -0.13
Beta 0.91
R-Squared 99
Standard Deviation 17.39
Alpha -0.11
Beta 0.91
R-Squared 99

Morningstar Ratings

(As of 01/31/2021)
 Large BlendOverall3yrs5yrs10yrs
Pax ESG Beta Quality Fund – Investor Class Rating ★★★ ★★★ ★★★ ★★
Pax ESG Beta Quality Fund – Class A Rating ★★★ ★★★ ★★★ ★★
Pax ESG Beta Quality Fund – Institutional Class Rating ★★★ ★★★ ★★★ ★★
  # In Peer Group 1230 1230 1066 809
Based on risk adjusted returns.

Lipper Rankings

(As of 01/31/2021)
 Multi-Cap Core1yr3yrs5yrs10yrs
Pax ESG Beta Quality Fund – Investor Class Percentile Rank 64 50 62 66
  Prime Rank 417 296 319 252
  # In Peer Group 658 595 522 382
Pax ESG Beta Quality Fund – Class A Percentile Rank 64 50 62 66
  Prime Rank 418 293 320 249
  # In Peer Group 658 595 522 382
Pax ESG Beta Quality Fund – Institutional Class Percentile Rank 62 46 57 61
  Prime Rank 405 272 295 232
  # In Peer Group 658 595 522 382
Based on total returns.

Net Asset Values

(As of 03/04/2021)
 N.A.V.% Change
Pax ESG Beta Quality Fund – Investor Class $24.14 -1.43
Pax ESG Beta Quality Fund – Institutional Class $24.90 -1.46
Pax ESG Beta Quality Fund – Class A $24.07 -1.43
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)$255,886,061
Number of Holdings (All)147
Turnover Ratio (12/31/2019)49

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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