This global fund seeks long-term growth of capital by investing in stocks of companies whose businesses, technologies and services drive resource optimization in the environmental markets: energy, water, waste and sustainable food and agriculture.
Historical growth of $10,000
data as of 03/27/08 to 03/31/15
Performance shown in the Growth of $10,000 chart does not include any applicable sales charges and fees. The chart represents a hypothetical investment at the beginning of the time period shown.
- The Fund invests primarily in stocks of companies located around the world. At least 40% of those investments are in securities of non-U.S. companies, including those located in emerging markets.
- The Fund’s investments are diversified among growth and value stocks of companies of any market capitalization in any sector or industry and may be located in multiple countries or geographic regions, or focused on a select geographic region. Typically, the portfolio includes investments in a minimum of three countries other than the United States.
- The Fund seeks to invest in companies with positive overall environmental performance offering products or services that help other companies and societies improve their environmental performance. It avoids investing in companies with significant environmental problems or worsening environmental profiles.
- The portfolio is fossil fuel-free. Additionally, the Fund offsets the carbon intensity of positions in the portfolio by purchasing third-party verified CO2 offsets in the voluntary market that provide financial support to projects that reduce greenhouse gas emissions.
- The Fund uses a sustainable investing approach that combines rigorous, fundamental financial analysis with equally rigorous environmental, social and governance (ESG) analysis.
Bruce Jenkyn-Jones is a Co-Portfolio Manager of the Pax World Global Environmental Markets Fund. Mr. Jenkyn-Jones has been responsible for the management of the Fund since its inception in 2008 and has been a portfolio manager with Impax Asset Management, the subadviser of the Pax World Global Environmental Markets Fund, since 1999. Mr. Jenkyn-Jones holds a Masters of Business Administration from IESE (Barcelona), a Masters of Science in Environmental Technology from Imperial College and a degree in chemistry from Oxford.
Hubert Aarts is a Co-Portfolio Manager of the Global Environmental Markets Fund and has been involved in the Fund since its inception in 2008. Mr. Aarts is the Managing Director of Listed Equities and leads Impax's macro-economic research process. Mr. Aarts joined Impax in January 2007 and co-manages the Leaders and Water Strategies. He started his career in the investment industry in 1990. He has extensive experience investing in Pan-European equities as a portfolio manager at MeesPierson and Merrill Lynch Investment Managers, where he chaired the European Sector Strategy Group. He joined Impax from Cambrian Capital Partners LLP where he was a partner and portfolio manager of the Curalium fund, and Incremental Leveraged hedge funds. Hubert has a Master's degree in Economics and Business Administration from Maastricht University.
Simon Gottelier is a Co-Portfolio Manager of the Global Environmental Markets Fund and has been involved in the Fund since its inception in 2008. Mr. Gottelier has worked at Impax since 2004 and co-manages the Leaders and Water Strategies, as well as selected clients' SRI/ESG products. Mr. Gottelier joined Impax from Veolia (formerly Vivendi) Environment, where he was a Financial Analyst. He began his career in Investment Banking in 1998 at NM Rothschild and subsequently moved to Deutsche Bank where he provided strategic, M&A and financing advice to European and US clients across a broad range of industrial sub-sectors. He has an honours degree in Modern Languages from the University of Bristol.
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1Average annual returns for the Individual Investor Class. Figures include reinvested dividends, capital gains distributions, and changes in principal value.
2The MSCI World Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets. The MSCI World (Net) Index consists of the following 23 developed market country indices: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom, and the United States. Performance for the MSCI World Index is shown “net”, which includes dividend reinvestments after deduction of foreign withholding tax. One cannot invest directly in an index.
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. See the fund's performance tab for most recent month-end performance information.