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Trending ETFs

Impax Ellevate Global Women's Leadership Fund

mutual fund
PXWEX
Payout Change
Pending
Price as of:
$36.03 +0.13 +0.36%
primary theme
N/A
share class
PXWEX (Mutual Fund)

Impax Ellevate Global Women's Leadership Fund

Payout Change
Pending
Price as of:
$36.03 +0.13 +0.36%
primary theme
N/A
share class
PXWEX (Mutual Fund)

Impax Ellevate Global Women's Leadership Fund

Payout Change
Pending
Price as of:
$36.03 +0.13 +0.36%
primary theme
N/A
share class

Name

As of 12/06/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$36.03

$822 M

3.48%

$1.25

0.77%

Vitals

YTD Return

16.0%

1 yr return

20.7%

3 Yr Avg Return

3.6%

5 Yr Avg Return

8.4%

Net Assets

$822 M

Holdings in Top 10

26.5%

52 WEEK LOW AND HIGH

$35.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.77%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 43.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 12/06/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$36.03

$822 M

3.48%

$1.25

0.77%

PXWEX - Profile

Distributions

  • YTD Total Return 16.0%
  • 3 Yr Annualized Total Return 3.6%
  • 5 Yr Annualized Total Return 8.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.18%
DIVIDENDS
  • Dividend Yield 3.5%
  • Dividend Distribution Frequency SemiAnnual

Fund Details

  • Legal Name
    Impax Ellevate Global Women's Leadership Fund
  • Fund Family Name
    PAXWORLDFF
  • Inception Date
    Jun 03, 2014
  • Shares Outstanding
    N/A
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Scott LaBreche

Fund Description

The Global Women’s Fund follows a sustainable investing approach, investing in companies that the Adviser believes are well positioned to benefit from the transition to a more sustainable global economy, integrating environmental, social and governance (“ESG”) analysis into portfolio construction and managing the portfolio within certain risk parameters (e.g., sector and regional exposure) relative to the Fund’s benchmark universe of MSCI World Index companies.

The Global Women’s Fund seeks to construct a universe of companies around the world that advance and empower women through gender diversity on boards and in senior management, and that promote gender equity in the workplace through policies and practices focused on advancing gender diversity, inclusion and equity. From this universe, the Adviser selects portfolio companies for the Fund using a systematic process that strives to weight the portfolio toward companies with strong gender diversity and leadership while maintaining desired risk characteristics.

Under normal market conditions, the Global Women’s Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in equity securities of companies that the Adviser has determined are “global women’s leaders.” To identify these companies, the Adviser constructs an investment universe by (1) ranking the companies comprising the MSCI World Index according to the Adviser’s proprietary gender leadership score; (2) excluding companies ranking in the bottom 50% of the MSCI World Index based on gender leadership scores; (3) excluding companies that fail to meet certain ESG or sustainability criteria; and (4) applying quantitative screens consisting of valuation and quality metrics. The Adviser’s gender leadership score measures a company’s gender diversity on its board and in senior management as well as a company’s policies and practices focused on advancing gender diversity, inclusion and equity in the workplace.

From this universe, the Adviser employs a systematic investment approach to select a portfolio of approximately 100 – 150 companies that the Adviser determines to be “global women’s leaders.” At least 80% of the Fund’s portfolio weight will be comprised of companies that rank in the top 25% of the MSCI World Index, as ranked by the Adviser’s gender leadership score. The Fund may own securities in the second quartile of the MSCI World Index according to the gender leadership score if, through its systematic investment process, those companies are determined by the Adviser to meet its ESG or sustainability criteria, as well as valuation and quality metrics.

Under normal market conditions, the Fund will invest primarily in equity securities (such as common stocks, preferred stocks and securities convertible into common and preferred stocks) of companies located around the world, including at least 40% of its net assets (unless market conditions are not deemed favorable, in which case the Global Women’s Fund would normally invest at least 30% of its assets) in securities of companies organized or located outside the United States or doing a substantial amount of business outside the United States. The Fund’s investments in securities of non-US issuers may include American Depositary Receipts, Global Depositary Receipts and Euro Depositary Receipts and generally will be diversified across multiple countries or geographic regions. The Fund’s investments in securities of non-U.S. issuers also may be denominated in currencies other than the US dollar. The Fund is not constrained by any particular investment style, and may therefore invest in “growth” stocks, “value” stocks or a combination of both. Additionally, it may buy stocks in any sector or industry, and it is not limited to investing in securities of a specific market capitalization.

Under normal market conditions, and as a result of the Adviser’s focus on the risks and opportunities accompanying the transition to a more sustainable economy, the Fund adheres to the Impax Funds’ fossil fuel policy, under which the Fund will not invest in securities of companies that the Adviser determines derive revenues or profits from fossil fuel exploration and production, or derive significant (more than 5%) revenues or profits from fossil fuel refining, processing, storage, transportation and distribution. However, a company that derives significant revenues or profits from fossil fuel refining, processing, storage, transportation and distribution may be included in the Fund’s portfolio if the Adviser determines that such company has credible plans for climate risk mitigation aligned with the transition to net zero.

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PXWEX - Performance

Return Ranking - Trailing

Period PXWEX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.0% -35.6% 29.2% 43.18%
1 Yr 20.7% 17.3% 252.4% 65.00%
3 Yr 3.6%* -3.5% 34.6% 49.27%
5 Yr 8.4%* 0.1% 32.7% 54.77%
10 Yr 8.2%* -6.9% 18.3% 60.48%

* Annualized

Return Ranking - Calendar

Period PXWEX Return Category Return Low Category Return High Rank in Category (%)
2023 16.1% -24.3% 957.1% 52.13%
2022 -22.4% -38.3% 47.1% 42.98%
2021 15.8% -54.2% 0.6% 27.19%
2020 12.4% -76.0% 54.1% 32.65%
2019 22.6% -26.1% 47.8% 33.65%

Total Return Ranking - Trailing

Period PXWEX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.0% -35.6% 29.2% 44.30%
1 Yr 20.7% 11.4% 252.4% 61.14%
3 Yr 3.6%* -3.5% 34.6% 46.59%
5 Yr 8.4%* 0.1% 32.7% 53.15%
10 Yr 8.2%* -6.9% 18.3% 58.63%

* Annualized

Total Return Ranking - Calendar

Period PXWEX Return Category Return Low Category Return High Rank in Category (%)
2023 18.1% -24.3% 957.1% 52.13%
2022 -20.0% -33.1% 47.1% 43.36%
2021 17.3% -44.4% 1.8% 47.38%
2020 13.7% -6.5% 54.1% 54.32%
2019 26.4% -14.4% 47.8% 52.47%

NAV & Total Return History


PXWEX - Holdings

Concentration Analysis

PXWEX Category Low Category High PXWEX % Rank
Net Assets 822 M 199 K 133 B 40.24%
Number of Holdings 101 1 9075 7.49%
Net Assets in Top 10 202 M -18 M 37.6 B 48.02%
Weighting of Top 10 26.49% 9.1% 100.0% 68.31%

Top 10 Holdings

  1. Apple, Inc. 4.76%
  2. NVIDIA Corp. 4.73%
  3. Microsoft Corp. 4.31%
  4. Amazon.com, Inc. 2.76%
  5. Broadcom, Inc. 2.02%
  6. JPMorgan Chase Co. 1.85%
  7. Eli Lilly Co. 1.79%
  8. Johnson Johnson 1.53%
  9. Netflix, Inc. 1.39%
  10. Coca-Cola Co. (The) 1.37%

Asset Allocation

Weighting Return Low Return High PXWEX % Rank
Stocks
99.40% 61.84% 125.47% 15.20%
Cash
0.60% -174.70% 23.12% 81.50%
Preferred Stocks
0.00% -0.01% 5.28% 88.66%
Other
0.00% -13.98% 19.14% 89.65%
Convertible Bonds
0.00% 0.00% 4.46% 88.11%
Bonds
0.00% -1.50% 161.67% 88.55%

Stock Sector Breakdown

Weighting Return Low Return High PXWEX % Rank
Technology
19.22% 0.00% 49.87% 81.50%
Financial Services
17.64% 0.00% 38.42% 17.18%
Healthcare
15.68% 0.00% 35.42% 39.65%
Consumer Cyclical
14.56% 0.00% 40.94% 24.01%
Consumer Defense
12.08% 0.00% 73.28% 19.38%
Communication Services
5.96% 0.00% 57.66% 64.43%
Basic Materials
5.78% 0.00% 38.60% 11.78%
Industrials
4.75% 0.00% 44.06% 88.00%
Utilities
2.62% 0.00% 29.12% 32.60%
Real Estate
1.70% 0.00% 39.48% 49.23%
Energy
0.02% 0.00% 21.15% 96.92%

Stock Geographic Breakdown

Weighting Return Low Return High PXWEX % Rank
US
69.30% 0.13% 103.82% 6.94%
Non US
30.10% 0.58% 99.46% 91.41%

PXWEX - Expenses

Operational Fees

PXWEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.77% 0.01% 44.27% 81.76%
Management Fee 0.52% 0.00% 1.82% 27.57%
12b-1 Fee 0.25% 0.00% 1.00% 51.88%
Administrative Fee N/A 0.01% 0.76% N/A

Sales Fees

PXWEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

PXWEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PXWEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 43.00% 0.00% 395.00% 75.69%

PXWEX - Distributions

Dividend Yield Analysis

PXWEX Category Low Category High PXWEX % Rank
Dividend Yield 3.48% 0.00% 3.26% 88.40%

Dividend Distribution Analysis

PXWEX Category Low Category High Category Mod
Dividend Distribution Frequency SemiAnnual Annually Annually Annually

Net Income Ratio Analysis

PXWEX Category Low Category High PXWEX % Rank
Net Income Ratio 1.18% -4.27% 12.65% 32.84%

Capital Gain Distribution Analysis

PXWEX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

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PXWEX - Fund Manager Analysis

Managers

Scott LaBreche


Start Date

Tenure

Tenure Rank

May 21, 2014

8.03

8.0%

Scott LaBreche is Director of Portfolio Analytics and Index Optimization at Impax Asset Management LLC, formerly Pax World Management LLC, and a Portfolio Manager of the Pax Ellevate Global Women’s Leadership Fund and the Pax MSCI EAFE ESG Leaders Index Fund. Across all Pax World Funds, Scott is responsible for fund research, quantitative ESG research, advanced analytics, risk oversight, fund optimization and board reporting, as well as overseeing performance and attribution.

Christine Cappabianca


Start Date

Tenure

Tenure Rank

Jun 22, 2021

0.94

0.9%

Christine Cappabianca is a Portfolio Manager of the Global Women’s Fund, the Global Sustainable Infrastructure Fund, the U.S. Sustainable Economy Fund and the International Sustainable Economy Fund. Christine joined IAM in 2021. Prior to joining the Adviser, Ms. Cappabianca spent 14 years with BNY Mellon Investment Management, where she held several positions, most recently as senior quantitative research analyst and portfolio manager for the firm’s Internet of Things, Blockchain Innovation, U.S. Manufacturing and Smart Cures Innovation thematic strategies. She also served as the ESG data expert on Mellon’s ESG Council. Ms. Cappabianca has a Bachelor of Arts in Economics from Harvard University and a Master of Science in Investment Management from Boston University. She holds the Sustainability Accounting Standards Board Fundamentals of Sustainability Accounting Credential.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 35.82 6.24 1.25