The Pax World Balanced Fund has long demonstrated the value of a Sustainable Investing approach.
Our goal is to continue that trend.
Through numerous up and down cycles, investors in the Pax World Balanced Fund (PAXWX) who have stayed the course have enjoyed positive results over a period of more than 40 years.*
We believe the Fund remains just as compelling for today's long-term investor.
- By diversifying across equity and fixed income securities, the Fund seeks to provide a combination of income and stable growth.1
- It has lower volatility relative to equities.2
- It offers the convenience of an all-in-one fund that provides exposure across equity and bond markets, both domestically and internationally.
- The Fund pursues a low-turnover approach whose benefits include reduced trading costs and greater tax efficiency.**
- Like all Pax World funds, the Balanced Fund is driven by a Sustainable Investing approach – the full integration of Environmental, Social and Governance (ESG) factors into investment analysis and decision making.
If you're a Balanced Fund shareholder, we compliment you for focusing on the long term. If you're not, we think the Fund merits your careful consideration.
1Diversification does not eliminate the risk of experiencing investment losses.
2Volatility is measured by standard deviation. Standard deviation measures a fund's variation around its mean performance; a high standard deviation implies greater volatility. As of 06/30/2012, the Pax World Balanced Fund – Individual Investor Class (PAXWX) 3-year standard deviation is 13.36% vs. the S&P 500 Index 15.88%.
*Since its inception, the Pax World Balanced Fund has experienced periods of negative returns.
**The Fund is not managed with an objective to avoid capital gains distributions.
Equity investments are subject to market fluctuations, the fund's share price can fall because of weakness in the broad market, a particular industry, or specific holdings. Yield and share price will vary with changes in interest rates and market conditions. Investors should note that if interest rates rise significantly from current levels, bond fund total returns will decline and may even turn negative in the short term. There is also a chance that some of the fund's holdings may have their credit rating downgraded or may default. Investments in smaller companies generally will experience greater price volatility. Emerging market and international investments involve risk of capital loss from unfavorable fluctuations in currency values, differences in generally accepted accounting principles, economic or political instability in other nations or increased volatility and lower trading volume. Derivatives involve special risks and may result in losses.