AUM
$98,692,480
Holdings
120
Launch Date
December 2016
Portfolio Managers
Scott LaBreche
Christine Cappabianca
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 09/30/2021)
Month End | Quarter End Average Annual Returns (%)
1m3mYTD1yr3yrs5yrs10yrsSince
Inception
Pax Global Sustainable Infrastructure Fund – Investor Class-5.43-1.818.4120.7111.1112.58
Pax Global Sustainable Infrastructure Fund – Institutional Class-5.47-1.758.5720.9811.3812.87
S&P Global Infrastructure Index-1.351.296.3422.135.786.30
Lipper Global Infrastructure Index-3.67-0.436.9516.447.838.58

Quarterly Total Returns

(As of 09/30/2021)
Month End | Quarter End Average Annual Returns (%)
1m3mYTD1yr3yrs5yrs10yrsSince
Inception
Pax Global Sustainable Infrastructure Fund – Investor Class-5.43-1.818.4120.7111.1112.58
Pax Global Sustainable Infrastructure Fund – Institutional Class-5.47-1.758.5720.9811.3812.87
S&P Global Infrastructure Index-1.351.296.3422.135.786.30
Lipper Global Infrastructure Index-3.67-0.436.9516.447.838.58
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 09/30/2021)
 3 – Year
Standard Deviation 17.79
Alpha 0.52
Beta 0.77
R-Squared 72
Standard Deviation 17.76
Alpha 0.54
Beta 0.77
R-Squared 72

Morningstar Ratings

(As of 09/30/2021)
 Large BlendOverall3yrs5yrs10yrs
Pax Global Sustainable Infrastructure Fund – Investor Class Rating ★★ ★★
Pax Global Sustainable Infrastructure Fund – Institutional Class Rating ★★ ★★
  # In Peer Group 1257 1257
Based on risk adjusted returns.

Lipper Rankings

(As of 09/30/2021)
 Multi-Cap Core1yr3yrs5yrs10yrs
Pax Global Sustainable Infrastructure Fund – Investor Class Percentile Rank 22 12
  Prime Rank 20 10
  # In Peer Group 94 85
Pax Global Sustainable Infrastructure Fund – Institutional Class Percentile Rank 21 10
  Prime Rank 19 8
  # In Peer Group 94 85
Based on total returns.

Net Asset Values

(As of 10/15/2021)
 N.A.V.% Change
Pax Global Sustainable Infrastructure Fund – Investor Class $15.62 0.06
Pax Global Sustainable Infrastructure Fund – Institutional Class $15.68 0.06
Past performance does not guarantee future results.

Asset Allocation

(As of 09/30/2021)

Portfolio Statistics

(As of 09/30/2021)
 Value
Assets (all share classes)$98,692,480
Number of Holdings (All)120
Turnover Ratio (12/31/2020)93

Top Sectors

(As of 09/30/2021)

Top Ten Holdings

(As of 09/30/2021)

Portfolio Management Team

Scott LaBreche

Vice President, Portfolio Manager

Scott LaBreche 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.

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 US 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

Christine Cappabianca

Vice President, 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 blog posts

Q&A: Meet Christine Cappabianca

Christine Cappabianca joined the Impax team in June as a Portfolio Manager of the firm’s systematic strategies.

8 Sep 2021
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