AUM
$103,632,426
Holdings
131
Launch Date
December 2016
Portfolio Managers
Scott LaBreche
Christine Cappabianca

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 08/31/2022)
Month End | Quarter End Average Annual Returns (%)
1m3mYTD1yr3yrs5yrs10yrsSince
Inception
Pax Global Sustainable Infrastructure Fund – Investor Class-4.35-5.67-11.65-12.248.118.879.02
Pax Global Sustainable Infrastructure Fund – Institutional Class-4.43-5.74-11.59-12.128.369.149.29
S&P Global Infrastructure Index-1.58-5.671.334.384.073.416.31
Lipper Global Infrastructure Index-2.82-4.05-3.32-0.164.684.917.82
MSCI ACWI (Net) Index-3.68-5.64-17.75-15.888.036.97

Quarterly Total Returns

(As of 06/30/2022)
Month End | Quarter End Average Annual Returns (%)
1m3mYTD1yr3yrs5yrs10yrsSince
Inception
Pax Global Sustainable Infrastructure Fund – Investor Class-7.28-10.95-13.15-10.447.408.748.97
Pax Global Sustainable Infrastructure Fund – Institutional Class-7.34-10.98-13.09-10.217.659.029.25
S&P Global Infrastructure Index-7.79-7.66-0.944.772.693.936.07
Lipper Global Infrastructure Index-6.13-7.42-5.420.964.115.347.64
MSCI ACWI (Net) Index-8.43-15.66-20.18-15.756.217.00
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 08/31/2022)
 3 – Year
Standard Deviation 17.17
Alpha 0.40
Beta 0.74
R-Squared 75
Standard Deviation 17.20
Alpha 0.42
Beta 0.74
R-Squared 75

Morningstar Ratings

(As of 08/31/2022)
 InfrastructureOverall3yrs5yrs10yrs
Pax Global Sustainable Infrastructure Fund – Investor Class Rating ★★★★★ ★★★★★ ★★★★★
Pax Global Sustainable Infrastructure Fund – Institutional Class Rating ★★★★★ ★★★★★ ★★★★★
  # In Peer Group 88 88 75
Based on risk adjusted returns.

Lipper Rankings

(As of 08/31/2022)
 Global Infrastructure1yr3yrs5yrs10yrs
Pax Global Sustainable Infrastructure Fund – Investor Class Percentile Rank 95 11 6
  Prime Rank 89 9 4
  # In Peer Group 94 87 75
Pax Global Sustainable Infrastructure Fund – Institutional Class Percentile Rank 94 10 4
  Prime Rank 88 8 3
  # In Peer Group 94 87 75
Based on total returns.

Net Asset Values

(As of 09/30/2022)
 N.A.V.% Change
Pax Global Sustainable Infrastructure Fund – Investor Class $7.79 -0.51
Pax Global Sustainable Infrastructure Fund – Institutional Class $7.83 -0.63
Past performance does not guarantee future results.

Asset Allocation

(As of 08/31/2022)

Portfolio Statistics

(As of 08/31/2022)
 Value
Assets (all share classes)$103,632,426
Number of Holdings (All)131
Turnover Ratio (12/31/2021)127

Top Sectors

(As of 08/31/2022)

Top Ten Holdings

(As of 08/31/2022)

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 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 Insights

Contact Us

Please visit the contact page to find your regional representative.

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