Pax High Yield Bond Fund (PAXHX)
The investment seeks high current income; as a secondary investment objective, it seeks capital appreciation. Under normal market conditions, the High Yield Bond Fund invests at least 80% of its assets (plus any borrowings for investment purposes) in high-yield, fixed income securities (such as bonds, notes or debentures) that are rated below BBB-by Standard & Poor's Ratings Group or below Baa3 by Moody's Investors Service, similarly rated by another major rating service, or unrated and determined by the High Yield Bond Fund's investment adviser to be of comparable quality.
Fund Info
US7042237005
704223700
Oct 8, 1999
$1,000
Expense Ratio
PAXHX has a high expense ratio of 0.93%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Pax High Yield Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Pax High Yield Bond Fund had a return of 1.01% year-to-date (YTD) and 7.92% in the last 12 months. Over the past 10 years, Pax High Yield Bond Fund had an annualized return of 3.86%, while the S&P 500 had an annualized return of 11.31%, indicating that Pax High Yield Bond Fund did not perform as well as the benchmark.
PAXHX
1.01%
0.68%
2.96%
7.92%
2.90%
3.86%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of PAXHX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.18% | 1.01% | |||||||||||
| 2024 | -0.03% | -0.06% | 0.81% | -1.40% | 1.31% | 1.12% | 1.65% | 1.44% | 1.10% | -0.68% | 0.96% | -0.23% | 6.10% |
| 2023 | 4.30% | -1.59% | 0.99% | 0.95% | -1.55% | 1.52% | 1.16% | 0.12% | -1.42% | -1.61% | 4.62% | 3.92% | 11.70% |
| 2022 | -2.87% | -1.15% | -1.03% | -4.11% | -0.12% | -6.76% | 6.15% | -2.71% | -4.35% | 2.78% | 1.86% | -0.69% | -12.85% |
| 2021 | -0.04% | -0.08% | 0.04% | 0.77% | 0.20% | 1.02% | 0.46% | 0.32% | -0.12% | -0.41% | -0.85% | 1.96% | 3.28% |
| 2020 | 0.10% | -0.94% | -8.72% | 3.77% | 3.78% | 0.91% | 4.79% | 0.67% | -0.79% | 0.53% | 2.75% | 1.47% | 7.89% |
| 2019 | 4.13% | 1.19% | 1.20% | 1.49% | -1.23% | 2.25% | 0.71% | 0.85% | 0.41% | 0.40% | 0.39% | 1.59% | 14.14% |
| 2018 | 0.42% | -0.77% | -0.64% | 0.26% | -0.32% | 0.26% | 1.02% | 0.71% | 0.43% | -1.55% | -0.96% | -1.90% | -3.03% |
| 2017 | 1.64% | 1.48% | -0.14% | 1.18% | 0.29% | 0.00% | 0.73% | -0.30% | 1.15% | 0.41% | -0.17% | -0.03% | 6.39% |
| 2016 | -2.68% | -0.46% | 3.39% | 3.44% | 0.35% | 0.80% | 2.52% | 2.33% | 0.93% | 0.48% | -0.28% | 2.43% | 13.89% |
| 2015 | 0.22% | 1.74% | 0.04% | 0.47% | 0.19% | -1.36% | 0.09% | -1.42% | -2.47% | 2.64% | -2.65% | -3.17% | -5.70% |
| 2014 | 0.50% | 1.55% | 0.53% | 0.63% | 0.61% | 0.85% | -0.95% | 1.03% | -1.79% | -0.45% | -1.15% | -2.78% | -1.50% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 89, PAXHX is among the top 11% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Pax High Yield Bond Fund (PAXHX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Pax High Yield Bond Fund provided a 5.57% dividend yield over the last twelve months, with an annual payout of $0.34 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.34 | $0.34 | $0.36 | $0.29 | $0.29 | $0.33 | $0.33 | $0.33 | $0.35 | $0.38 | $0.40 | $0.44 |
Dividend yield | 5.57% | 5.55% | 5.90% | 5.06% | 4.24% | 4.72% | 4.82% | 5.30% | 5.18% | 5.60% | 6.40% | 6.29% |
Monthly Dividends
The table displays the monthly dividend distributions for Pax High Yield Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.00 | $0.03 | ||||||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.34 |
| 2023 | $0.06 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.29 |
| 2021 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 | $0.29 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
| 2015 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.40 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.44 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Pax High Yield Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Pax High Yield Bond Fund was 25.78%, occurring on Dec 16, 2008. Recovery took 159 trading sessions.
The current Pax High Yield Bond Fund drawdown is 0.33%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -25.78% | Jun 10, 2008 | 132 | Dec 16, 2008 | 159 | Aug 5, 2009 | 291 |
| -18.16% | Feb 24, 2020 | 21 | Mar 23, 2020 | 83 | Jul 21, 2020 | 104 |
| -16.78% | Sep 2, 2014 | 365 | Feb 11, 2016 | 210 | Dec 9, 2016 | 575 |
| -16.39% | Jan 3, 2022 | 185 | Sep 27, 2022 | 451 | Jul 16, 2024 | 636 |
| -14.88% | Mar 9, 2001 | 396 | Oct 10, 2002 | 243 | Sep 30, 2003 | 639 |
Volatility
Volatility Chart
The current Pax High Yield Bond Fund volatility is 0.82%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.