3 / 5 Stars
2 3 3 3 4
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#215 in Large Growth
U.S. News evaluated 473 Large Growth Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 8.47 percent over the past year, 10.53 percent over the past three years, 4.42 percent over the past five years, and 7.82 percent over the past decade.
|Trailing Returns||Updated 04.30.2013|
|Year to date||7.6%|
|3 Years (Annualized)||10.5%|
|5 Years (Annualized)||4.4%|
|10 Years (Annualized)||7.8%|
Pax World Growth makes its socially responsible approach work.
As of May 03, 2013, the fund has assets totaling almost $141.61 million invested in 89 different holdings. Its portfolio consists of shares of large and mid-sized companies.
This fund practices socially responsible (or, as management calls it, "sustainable") investing. Practically, that means management avoids companies that are "significantly involved" in the weapons or tobacco industries. It also stays away from companies that are engaged in "unethical business practices," . While this can, at times, significantly limit the fund's universe, management has been able to make the approach work. Last year, for instance, the fund outperformed the broader market by 7 percentage points, and it has continued to post respectable numbers this year as well. By sector, management has shown a preference for healthcare and technology companies. Its top holdings, as of the end of the first quarter, included Google and Thermo Fisher Scientific. The fund has returned 8.47 percent over the past year and 10.53 percent over the past three years.
Management exhibits a patient, buy-and-hold strategy. The fund's turnover ratio, for instance, sits at 25 percent. By comparison, a fund that replenishes its entire portfolio once a year would have a ratio of 100 percent. Despite its name, the fund is invested primarily in the United States. As of the end of the first quarter, domestic companies accounted for 87 percent of its assets. The fund has returned 4.42 percent over the past five years and 7.82 percent over the past decade.
According to the fund's prospectus: "Under normal market conditions, the Growth Fund invests primarily in equity securities (such as common stocks, preferred stocks and securities convertible into common or preferred stocks) of companies that the Growth Fund's portfolio manager believes will have above-average growth prospects. The Growth Fund's portfolio manager selects equity securities on a company-by-company basis primarily through the use of fundamental analysis. The Growth Fund may invest in securities of companies with any market capitalization."
Role in Portfolio
This fund could lend support to a well-balanced portfolio.
Anthony Trzcinka manages the fund.
Pax World Growth Fund has an expense ratio of 1.29 percent.
Like all stock funds, this one comes with some risks.