Pax Sustainable Allocation has a long history of implementing an ESG mandate, but its new asset-allocation committee lacks a definitive edge and its portfolio has been expanding to include more funds with mixed results, supporting a Morningstar Analyst Rating of Neutral for both share classes.
Will PAXIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PAXIX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the PAXIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of PAXIX’s parent organization’s priorities and whether they’re in line with investors’ interests.