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Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 12/12/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
15.1%
1 yr return
16.8%
3 Yr Avg Return
3.8%
5 Yr Avg Return
8.3%
Net Assets
$822 M
Holdings in Top 10
26.5%
Expense Ratio 0.52%
Front Load N/A
Deferred Load N/A
Turnover 43.00%
Redemption Fee N/A
Standard (Taxable)
$250,000
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 12/12/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
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.
Period | PXWIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 15.1% | -35.6% | 29.2% | 41.16% |
1 Yr | 16.8% | 17.3% | 252.4% | 63.52% |
3 Yr | 3.8%* | -3.5% | 34.6% | 46.84% |
5 Yr | 8.3%* | 0.1% | 32.7% | 51.81% |
10 Yr | 8.7%* | -6.9% | 18.3% | 55.29% |
* Annualized
Period | PXWIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 16.3% | -24.3% | 957.1% | 52.01% |
2022 | -22.3% | -38.3% | 47.1% | 42.48% |
2021 | 15.8% | -54.2% | 0.6% | 26.92% |
2020 | 12.4% | -76.0% | 54.1% | 32.50% |
2019 | 22.7% | -26.1% | 47.8% | 33.17% |
Period | PXWIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 15.1% | -35.6% | 29.2% | 42.28% |
1 Yr | 16.8% | 11.4% | 252.4% | 59.66% |
3 Yr | 3.8%* | -3.5% | 34.6% | 43.92% |
5 Yr | 8.3%* | 0.1% | 32.7% | 50.20% |
10 Yr | 8.7%* | -6.9% | 18.3% | 53.99% |
* Annualized
Period | PXWIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 18.4% | -24.3% | 957.1% | 52.01% |
2022 | -19.8% | -33.1% | 47.1% | 42.86% |
2021 | 17.6% | -44.4% | 1.8% | 47.24% |
2020 | 13.9% | -6.5% | 54.1% | 54.03% |
2019 | 26.8% | -14.4% | 47.8% | 51.99% |
PXWIX | Category Low | Category High | PXWIX % Rank | |
---|---|---|---|---|
Net Assets | 822 M | 199 K | 133 B | 40.13% |
Number of Holdings | 101 | 1 | 9075 | 7.38% |
Net Assets in Top 10 | 202 M | -18 M | 37.6 B | 47.91% |
Weighting of Top 10 | 26.49% | 9.1% | 100.0% | 68.19% |
Weighting | Return Low | Return High | PXWIX % Rank | |
---|---|---|---|---|
Stocks | 99.40% | 61.84% | 125.47% | 14.98% |
Cash | 0.60% | -174.70% | 23.12% | 81.17% |
Preferred Stocks | 0.00% | -0.01% | 5.28% | 48.79% |
Other | 0.00% | -13.98% | 19.14% | 53.96% |
Convertible Bonds | 0.00% | 0.00% | 4.46% | 42.95% |
Bonds | 0.00% | -1.50% | 161.67% | 45.59% |
Weighting | Return Low | Return High | PXWIX % Rank | |
---|---|---|---|---|
Technology | 19.22% | 0.00% | 49.87% | 81.39% |
Financial Services | 17.64% | 0.00% | 38.42% | 17.07% |
Healthcare | 15.68% | 0.00% | 35.42% | 39.54% |
Consumer Cyclical | 14.56% | 0.00% | 40.94% | 23.90% |
Consumer Defense | 12.08% | 0.00% | 73.28% | 19.27% |
Communication Services | 5.96% | 0.00% | 57.66% | 64.32% |
Basic Materials | 5.78% | 0.00% | 38.60% | 11.67% |
Industrials | 4.75% | 0.00% | 44.06% | 87.78% |
Utilities | 2.62% | 0.00% | 29.12% | 32.49% |
Real Estate | 1.70% | 0.00% | 39.48% | 49.12% |
Energy | 0.02% | 0.00% | 21.15% | 79.96% |
Weighting | Return Low | Return High | PXWIX % Rank | |
---|---|---|---|---|
US | 69.30% | 0.13% | 103.82% | 6.83% |
Non US | 30.10% | 0.58% | 99.46% | 91.30% |
PXWIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.52% | 0.01% | 44.27% | 90.08% |
Management Fee | 0.52% | 0.00% | 1.82% | 26.91% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 3.99% |
Administrative Fee | N/A | 0.01% | 0.76% | N/A |
PXWIX 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 |
PXWIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
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.
PXWIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 43.00% | 0.00% | 395.00% | 75.46% |
PXWIX | Category Low | Category High | PXWIX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.67% | 0.00% | 3.26% | 42.45% |
PXWIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | SemiAnnual | Annually | Annually | Annually |
PXWIX | Category Low | Category High | PXWIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.43% | -4.27% | 12.65% | 26.14% |
PXWIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Date | Amount | Type |
---|---|---|
Jun 22, 2023 | $0.541 | OrdinaryDividend |
Dec 22, 2022 | $0.614 | CapitalGainLongTerm |
Jun 22, 2022 | $0.275 | OrdinaryDividend |
Dec 22, 2021 | $0.239 | OrdinaryDividend |
Jun 22, 2021 | $0.270 | OrdinaryDividend |
Dec 22, 2020 | $0.191 | OrdinaryDividend |
Jun 22, 2020 | $0.190 | OrdinaryDividend |
Dec 20, 2019 | $0.174 | OrdinaryDividend |
Dec 20, 2019 | $0.376 | CapitalGainLongTerm |
Jun 20, 2019 | $0.329 | OrdinaryDividend |
Dec 20, 2018 | $0.198 | OrdinaryDividend |
Dec 20, 2018 | $0.307 | CapitalGainShortTerm |
Dec 20, 2018 | $0.335 | CapitalGainLongTerm |
Jun 21, 2018 | $0.299 | OrdinaryDividend |
Dec 21, 2017 | $0.174 | OrdinaryDividend |
Dec 21, 2017 | $0.139 | CapitalGainShortTerm |
Dec 21, 2017 | $0.104 | CapitalGainLongTerm |
Jun 22, 2017 | $0.248 | OrdinaryDividend |
Jun 22, 2017 | $0.017 | CapitalGainShortTerm |
Dec 22, 2016 | $0.178 | OrdinaryDividend |
Jun 22, 2016 | $0.244 | OrdinaryDividend |
Dec 22, 2015 | $0.133 | OrdinaryDividend |
Dec 22, 2015 | $0.031 | CapitalGainShortTerm |
Jun 22, 2015 | $0.237 | OrdinaryDividend |
Jun 22, 2015 | $0.130 | CapitalGainLongTerm |
Dec 22, 2014 | $0.105 | OrdinaryDividend |
Dec 22, 2014 | $2.215 | CapitalGainLongTerm |
Jun 20, 2014 | $0.402 | OrdinaryDividend |
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.
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.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.01 | 35.82 | 6.24 | 1.25 |
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