Pax Ellevate Global Women’s Leadership Fund effectively diversifies risk while maintaining its focus on gender diversity. However, its ESG mandate leaves out significant portions of the investment opportunity set available to category peers. While this has served it well in recent years, there is no guarantee that it will continue to be the case in the future. It earns a Morningstar Analyst Rating of Neutral.
Will PXWEX 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 PXWEX’s performance objective and investment process is for both security selection and portfolio construction.
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.
The Parent Pillar is our rating of PXWEX’s parent organization’s priorities and whether they’re in line with investors’ interests.