AUM
$97,964,034
Holdings
120
Launch Date
December 2016
Portfolio Managers
Scott LaBreche
Andrew Braun
Morningstar Low Carbon Designation™

Overview

A systematic strategy providing exposure to infrastructure solutions that advance environmental and societal well-being.

Proprietary Universe

Companies that conserve, enable or increase access to vital resources such as clean energy, water, food and agriculture, healthcare, education, finance, transportation and communications.

Growth Opportunity

The transition to a more sustainable economy will require significant investment in infrastructure to decarbonize, meet resource demands, advance healthy living conditions and improve access to education and information.

Income Opportunity

Infrastructure companies, including those in the Fund’s sustainable universe, generally pay higher dividend income than the broader equity market.

Monthly Total Returns

(As of 05/31/2021)
Month End | Quarter End Average Annual Returns (%)
1m3mYTD1yr3yrs5yrs10yrsSince
Inception
Pax Global Sustainable Infrastructure Fund – Investor Class1.228.9211.1535.9215.2114.25
Pax Global Sustainable Infrastructure Fund – Institutional Class1.288.9611.2636.2715.5314.55
S&P Global Infrastructure Index0.478.506.9122.805.976.93
Lipper Global Infrastructure Index1.7111.328.3419.228.779.58

Quarterly Total Returns

(As of 03/31/2021)
Month End | Quarter End Average Annual Returns (%)
1m3mYTD1yr3yrs5yrs10yrsSince
Inception
Pax Global Sustainable Infrastructure Fund – Investor Class5.607.767.7654.1014.6913.99
Pax Global Sustainable Infrastructure Fund – Institutional Class5.587.817.8154.4814.9914.29
Russell 1000 Index3.785.915.9160.5917.3116.65
Lipper Equity Income Funds Index5.778.248.2447.4111.1710.74
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 05/31/2021)
 3 – Year
Standard Deviation 17.46
Alpha 0.82
Beta 0.75
R-Squared 71
Standard Deviation 17.42
Alpha 0.84
Beta 0.75
R-Squared 71

Morningstar Ratings

(As of 05/31/2021)
 Large BlendOverall3yrs5yrs10yrs
Pax Global Sustainable Infrastructure Fund – Investor Class Rating ★★★ ★★★
Pax Global Sustainable Infrastructure Fund – Institutional Class Rating ★★★ ★★★
  # In Peer Group 1261 1261
Based on risk adjusted returns.

Lipper Rankings

(As of 05/31/2021)
 Multi-Cap Core1yr3yrs5yrs10yrs
Pax Global Sustainable Infrastructure Fund – Investor Class Percentile Rank 8 9
  Prime Rank 7 7
  # In Peer Group 93 84
Pax Global Sustainable Infrastructure Fund – Institutional Class Percentile Rank 7 8
  Prime Rank 6 6
  # In Peer Group 93 84
Based on total returns.

Net Asset Values

(As of 06/18/2021)
 N.A.V.% Change
Pax Global Sustainable Infrastructure Fund – Investor Class $15.41 -1.60
Pax Global Sustainable Infrastructure Fund – Institutional Class $15.48 -1.59
Past performance does not guarantee future results.

Asset Allocation

(As of 05/31/2021)

Portfolio Statistics

(As of 05/31/2021)
 Value
Assets (all share classes)$97,964,034
Number of Holdings (All)120
Turnover Ratio (12/31/2020)93

Top Sectors

(As of 05/31/2021)

Top Ten Holdings

(As of 05/31/2021)

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 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 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 Global Sustainable Infrastructure Fund and the Pax U.S. Sustainable Economy 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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