Pax Sustainable Allocation Fund (PAXWX)
The investment seeks income and conservation of principal; as a secondary investment objective, the fund seeks long-term growth of capital. The adviser normally expects to invest approximately 50-75% of its assets in equity securities and 25-50% of its assets in debt securities (including but not limited to debt securities convertible into equity securities). The fund’s multi-asset ESG strategy is designed to achieve lower volatility by combining complementary investment approaches.
Fund Info
| ISIN | US7042231065 |
|---|---|
| CUSIP | 704223106 |
| Issuer | Pax World |
| Inception Date | Aug 9, 1971 |
| Category | Diversified Portfolio |
| Min. Investment | $1,000 |
| Asset Class | Multi-Asset |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
PAXWX features an expense ratio of 0.30%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: PAXWX vs. DSEFX, PAXWX vs. USSG, PAXWX vs. ESGV, PAXWX vs. VOO
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Pax Sustainable Allocation 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 Sustainable Allocation Fund had a return of 8.02% year-to-date (YTD) and 18.29% in the last 12 months. Over the past 10 years, Pax Sustainable Allocation Fund had an annualized return of 6.69%, while the S&P 500 had an annualized return of 10.92%, indicating that Pax Sustainable Allocation Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 8.02% | 19.77% |
| 1 month | -1.60% | -0.67% |
| 6 months | 4.86% | 10.27% |
| 1 year | 18.29% | 31.07% |
| 5 years (annualized) | 7.17% | 13.22% |
| 10 years (annualized) | 6.69% | 10.92% |
Monthly Returns
The table below presents the monthly returns of PAXWX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.44% | 1.92% | 2.23% | -3.57% | 2.78% | 0.58% | 2.39% | 1.95% | 1.80% | -2.95% | 8.02% | ||
| 2023 | 6.01% | -2.65% | 1.62% | 1.17% | -2.07% | 3.46% | 1.74% | -2.08% | -3.99% | -2.56% | 7.69% | 4.90% | 13.19% |
| 2022 | -4.11% | -2.09% | -0.15% | -5.56% | -0.16% | -5.40% | 5.87% | -3.82% | -7.32% | 4.24% | 5.25% | -3.57% | -16.50% |
| 2021 | -0.08% | 1.59% | 2.28% | 3.51% | 1.20% | 0.87% | 1.74% | 1.81% | -3.53% | 3.59% | -1.51% | 3.09% | 15.31% |
| 2020 | 0.34% | -3.93% | -7.46% | 7.11% | 3.32% | 2.06% | 3.74% | 3.77% | -1.64% | -1.38% | 7.77% | 2.50% | 16.23% |
| 2019 | 4.92% | 1.80% | 1.42% | 2.53% | -3.24% | 4.55% | 0.68% | 0.00% | 1.31% | 1.59% | 1.93% | 1.82% | 20.84% |
| 2018 | 3.00% | -2.74% | -0.97% | 0.13% | 0.76% | 0.30% | 2.82% | 1.26% | -0.09% | -5.46% | 1.68% | -4.45% | -4.07% |
| 2017 | 1.12% | 2.21% | 0.17% | 0.95% | 1.24% | 0.43% | 1.27% | 0.56% | 0.74% | 1.33% | 1.54% | 0.89% | 13.16% |
| 2016 | -2.85% | -0.71% | 4.48% | 0.68% | 1.04% | 0.11% | 2.55% | 0.44% | 0.27% | -1.32% | 0.04% | 1.11% | 5.81% |
| 2015 | -1.60% | 3.09% | -0.71% | 0.42% | 0.54% | -1.33% | 1.07% | -4.22% | -1.81% | 5.16% | 0.68% | -1.46% | -0.50% |
| 2014 | -2.41% | 3.39% | 0.24% | 0.32% | 1.93% | 1.52% | -1.11% | 2.58% | -1.37% | 1.47% | 2.12% | -0.76% | 8.02% |
| 2013 | 3.37% | -0.45% | 2.17% | 0.52% | 1.20% | -2.21% | 3.98% | -1.56% | 3.29% | 2.80% | 1.08% | 1.29% | 16.38% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PAXWX is 58, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Pax Sustainable Allocation Fund (PAXWX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Pax Sustainable Allocation Fund provided a 3.79% dividend yield over the last twelve months, with an annual payout of $1.00 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.00 | $0.84 | $1.42 | $1.40 | $0.74 | $2.17 | $0.61 | $2.47 | $0.67 | $1.82 | $2.72 | $3.08 |
Dividend yield | 3.79% | 3.37% | 6.24% | 4.85% | 2.80% | 9.31% | 2.90% | 10.90% | 3.02% | 8.36% | 11.49% | 12.59% |
Monthly Dividends
The table displays the monthly dividend distributions for Pax Sustainable Allocation 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.50 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.50 | $0.84 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.19 | $1.42 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.19 | $1.40 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.49 | $0.74 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.88 | $2.17 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.40 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.61 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.47 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.47 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 | $0.67 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.50 | $1.82 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.57 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.15 | $2.72 |
| 2013 | $0.18 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.90 | $3.08 |
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 Sustainable Allocation 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 Sustainable Allocation Fund was 40.11%, occurring on Mar 9, 2009. Recovery took 887 trading sessions.
The current Pax Sustainable Allocation Fund drawdown is 2.62%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -40.11% | Nov 1, 2007 | 338 | Mar 9, 2009 | 887 | Sep 13, 2012 | 1225 |
| -30.75% | Sep 29, 2000 | 451 | Jul 23, 2002 | 658 | Mar 4, 2005 | 1109 |
| -21.64% | Dec 30, 2021 | 200 | Oct 14, 2022 | 434 | Jul 10, 2024 | 634 |
| -21.25% | Aug 26, 1987 | 39 | Oct 19, 1987 | 428 | Jun 8, 1989 | 467 |
| -21.24% | Feb 20, 2020 | 23 | Mar 23, 2020 | 82 | Jul 20, 2020 | 105 |
Volatility
Volatility Chart
The current Pax Sustainable Allocation Fund volatility is 2.13%, 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.