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Morningstar

Impax Ellevate Global Women's Ldr Inv PXWEX

Morningstar Medalist Rating
Medalist Rating as of | See Impax Investment Hub
  • NAV / 1-Day Return 27.53  /  1.29 %
  • Total Assets 759.9 Mil
  • Adj. Expense Ratio
    0.770%
  • Expense Ratio 0.770%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Global Large-Stock Blend
  • Investment Style Large Blend
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 1.76%
  • Turnover 45%

USD | NAV as of Oct 04, 2023 | 1-Day Return as of Oct 04, 2023, 12:25 AM GMT+0

Morningstar’s Analysis PXWEX

Will PXWEX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PXWEX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the PXWEX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of PXWEX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Held back by a relatively narrow opportunity set.

Analyst Ryan Jackson

Ryan Jackson

Analyst

Summary

Pax Ellevate Global Women's Leadership is a systematic, well-diversified fund whose focus on gender diversity and environmental, social, and governance principles gives it an attractive quality tilt. However, its mandate omits significant portions of the global opportunity set, and it endures lofty turnover. The fund earns a Morningstar Analyst Rating of Neutral.

by Ryan Jackson
Rated on Published on

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Portfolio Holdings PXWEX

More PXWEX Holdings
  • Current Portfolio Date
  • Equity Holdings 424
  • Bond Holdings 0
  • Other Holdings 1
  • % Assets in Top 10 Holdings 23.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Apple Inc

3.96
31,549,009
Technology

Microsoft Corp

3.77
30,016,589
Technology

Amazon.com Inc

3.38
26,926,579
Consumer Cyclical

Accenture PLC Class A

1.97
15,697,665
Technology

Coca-Cola Co

1.86
14,781,779
Consumer Defensive

Admiral Group PLC

1.70
13,525,392
Financial Services

Autodesk Inc

1.70
13,513,927
Technology

Celanese Corp Class A

1.69
13,461,510
Basic Materials

DNB Bank ASA

1.63
13,007,696
Financial Services

Bristol-Myers Squibb Co

1.63
12,975,291
Healthcare