Pax Ellevate Global Women’s Index Fund Invest in Women

Gender Research

Putting Gender Diversity to Work: Better Fundamentals, Less Volatility
Morgan Stanley, May 2016

Gender Diversity in Senior Positions and Firm Performance: Evidence from Europe
International Monetary Fund, March 2016

Is Gender Diversity Profitable? Evidence from a Global Survey
Marcus Noland, Tyler Moran, and Barbara Kotschwar, Peterson Institute, February 2016 

Women in Business: The Value of Diversity
Francesca Lagerberg, Grant Thornton, September 19, 2015

Do Women Stay Out of Trouble? Evidence from Corporate Litigation
Binay K. Adhikari, Anup Agrawal and James Malm, August 1, 2015

Board Gender Diversity, Innovation and Firm Performance
Jie Chen, Woon Sau Leung and Kevin P Evans, May 25, 2015

Women on Boards and Firm Financial Performance: A Meta-Analysis
Corinne Post and Kris Byron, Academy of Management Journal, accepted November 5, 2014

Women on Boards: Global Trends in Gender Diversity on Corporate Boards
MSCI, November 2015

Diversity Matters
Vivian Hunt, Dennis Layton and Sara Price, McKinsey, November 24, 2014

Climb to the Top - Tracking Gender Diversity on Corporate Boards
Andre Chanavat and Katharine Ramsden, Thomson/Reuters, October 2014

The CS Gender 3000: Women in Senior Management
Credit Suisse, September 2014

Does the Gender of Directors Matter?
Mariam Schwartz-Ziv, Harvard University - Edmond J. Safra Center for Ethics, May 7, 2013

Gender Diversity and Corporate Performance
Mary Curtis, Credit Suisse Research Institute, August 2012

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.