If you believe women should be better represented in the business world, you can put your money to work. The Pax Ellevate Global Women's Index Fund is the first broadly diversified mutual fund that invests in companies that are among the highest rated in the world when it comes to advancing women’s leadership.
Want to boost your bottom line? Add more women. Studies show that companies perform better when more women are in leadership roles. That's why we believe that investing in women isn't just the right thing to do – it's the smart thing to do.
RISKS: Investment in mutual funds involves risk, including possible loss of principal invested. You could lose money on your investment in the Fund or the Fund could underperform because of the following risks: the market prices of stocks held by the Fund may fall; individual investments of the Fund may not perform as expected; the Fund’s portfolio management practices may not achieve the desired result. The Fund does not take defensive positions in declining markets. Accordingly, the Fund’s performance would likely be adversely affected by a decline in the Index. Investments in emerging markets and non-US Securities are generally less liquid and less efficient than investments in developed markets and are subject to additional risks, such as risks of adverse governmental regulation, intervention and political developments. As this Fund can have a high concentration in some issuers the Fund can be adversely impacted by changes affecting issuers. There is no guarantee that the objective will be met and diversification does not eliminate risk.
†The annualized returns for the Pax Ellevate Global Women's Index Fund – Individual Investor class as of 06/30/2016 were, 1 year: 0.48%, Since Reorganization (06/04/2014): 1.08%, 5 year: 5.92%, 10 year: 3.23%. The annualized returns for the Pax Ellevate Global Women's Index Fund – Institutional class as of 06/30/2016 were, 1 year: 0.69%, Since Reorganization (06/04/2014): 1.31%, 5: year 6.17%, 10 year: 3.50%. The returns for the MSCI World Index as of 06/30/2016 were, 1 year: -2.78%, Since Reorganization (06/04/2014): 0.09%, 5 year: 6.63%, 10 year: 4.43%. The returns for the Pax Global Women's Leadership Index as of 6/30/2016 were, 1 year: 1.30% and Since Reorganization (06/04/2014): 3.88% cumulative and 1.85% annualized. Performance data quoted represents past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.
Total annual Pax Ellevate Global Women's Index Fund operating expenses, gross of any fee waivers or reimbursements, for Individual Investor Class and Institutional Class shares are 0.90% and 0.65%, respectively, as of 4/1/2016 prospectus.
On 6/4/2014, the Pax World Global Women’s Equality Fund merged into the Pax Ellevate Global Women’s Index Fund (the Fund), pursuant to an Agreement and Plan of Reorganization dated March 4, 2014 (the “Reorganization”). Because the Fund had no investment operations prior to the closing of the Reorganization, Pax World Global Women’s Equality Fund (the “Predecessor Fund”) is treated as the survivor of the Reorganization for accounting and performance reporting purposes. Accordingly, all performance and other information shown for the Fund for periods prior to 6/4/2014 is that of the Predecessor Fund.
The MSCI World Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets. The MSCI World Index consists of the following 23 developed market country indexes: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom, and the United States. One cannot invest directly in an index. Returns are shown net which includes dividend reinvestments after deduction of foreign withholding tax.