Pax Ellevate Global Women’s Index Fund (PXWEX)

Gender Research

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

Mining the Metrics of Board Diversity
Andre Chanavat and Katharine Ramsden, Thomson/Reuters, June 2013

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

Women on Boards Report
House of Lords, European Union Committee, Women on Boards 5th Report Session 2012 – 2013  

Gender Diversity in the Boardroom and Firm Performance: What Exactly Constitutes a 'Critical Mass'?
Jasmin Joecks, Kerstin Pull, Karin Vetter, University of Tuebingen, Social Science Research Center, 2012

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

Women Directors on Corporate Boards: From Tokenism to Critical Mass
Mariateresa Torchia, Andrea Calabro, Morten Huse, 2011

A Business Case for Women
Desvaux, Devillard-Hoellinger and Meany, The McKinsey Quarterly, September 2008

Sex, Trust, and Corporate Boards
Joan MacLeod Heminway, Hastings Women’s Law Journal, April 15, 2007

The Bottom Line: Corporate Performance and Women’s Representation on Boards
Catalyst, 2007

Critical Mass on Corporate Boards: Why Three or More Women Enhance Governance
Vicki Kramer, Alison Konrad, Samru Erkut, 2006

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 attempt to outperform the Index or 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.