Pax Ellevate Global Women’s Index Fund Invest in Women

Why Investing in Women Matters Summer 2016 Newsletter

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News and Ideas

At Pax Ellevate, we believe the case for investing in women has never been stronger.  Companies where women are better represented in leadership simply perform better.1

That’s why we created the Pax Ellevate Global Women’s Index Fund (PXWEX), the first mutual fund designed to capture the investment returns associated with gender diversity and women’s leadership. We are pleased to report that the strategy has worked. The Fund has outperformed the MSCI World Index for the two-year period ending June 30, 2016.2 View our press release to learn more.

Please reach out to our team if you’d like to learn more about how you can invest in companies that are leading the way when it comes to embracing gender diversity and women’s leadership.

What Matters

Why it Pays to Invest in Gender Diversity

Morgan Stanley looks at how greater gender diversity has helped companies deliver better returns with lower volatility than their sector peers.

[ Read more ]

Breaking Down the Gender Challenge

McKinsey Quarterly breaks down the three most common challenges facing corporations when attempting to achieve gender parity.

[ Read more ]

2015 Catalyst Census: Women and Men Board Directors

Looking at the gender breakdown of board members at S&P 500 companies, Catalyst found that only 14.2 percent of companies are “on the path to parity” – with 30 percent or more of their boards made up by women. They also found that 2.8 percent of companies don’t even have one women on their boards, and overall, women hold less than 20 percent of board seats.

[ Read more ]

Pay Equity: New Pressures, New Strategies

In this overview, Mercer discusses some of the new pay equity regulations that concern U.S. employers and then digs deeper into proactive steps you can take to protect your organization and ensure fair pay among employees.

[ Read more ]

Company Spotlight: Commonwealth Bank of Australia

The Commonwealth Bank is Australia’s leading provider of financial services including retail and business banking. They offer a full range of financial services to help all Australians and businesses build and manage their finances.

  • Women comprise 33 percent of the company’s board of directors and 36 percent of its executive management team.
  • Nearly 60 percent of the company’s workforce is comprised of women, and women hold 43 percent of management roles.

The Commonwealth Bank of Australia is a signatory to the Women’s Empowerment Principles, a joint initiative of the UN Global Compact and UN Women. In addition, Managing Director and CEO Ian Narev is a member of Male Champions of Change, a group that aims to use its individual and collective influence and commitment to ensure the issue of women’s representation in leadership is elevated on the national business agenda.

The company is working to attract and retain female talent through a range of initiatives including mentoring, career resiliency, high-potential development programs and a range of flexible working, parental and career support options.

As of 6/30/16, Commonwealth Bank of Australia was 0.7% of the Pax Ellevate Global Women's Index Fund. Holdings are subject to change.

1Visit our gender research page for a list of studies that illuminate the relationship between gender diversity and financial performance.
2The 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. Risk statistics are calculated using closest month-end.

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.

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.