Global Environmental Markets Fund
Inception Date: March 27, 2008
Type of Fund: Global Clean Technologies
Symbol: PGRNX
CUSIP: 704223783
Minimum Investment: $1000
Sales Charge: None, 12b-1: 0.25%
Expense Ratio (06/04/2014):
Net of FeesMore info 1.40%
Gross of Fees More info
Net of Fees

The net expense ratio is the expense ratio of the fund after applicable expense waivers or reimbursements. This is the actual expense ratio that investors paid during the fund’s most recent fiscal year.

Total annual Global Environmental Markets Fund operating expenses, gross of any fee waivers or reimbursements, for Individual Investor Class, Class A, Institutional Class and Class R shares are 1.54%, 1.54%, 1.29% and 1.79%, respectively, as of 5/1/2014 prospectus. The Global Environmental Markets Fund’s investment adviser has contractually agreed to reimburse expenses (excluding Acquired Fund Fees and Expenses) allocable to Individual Class, Class A, Institutional Class and Class R shares of the Global Environmental Markets Fund to the extent such expenses exceed 1.40%, 1.40%, 1.15% and 1.65% of the average daily net assets of Individual Investor Class, Class A, Institutional Class and Class R shares, respectively. This reimbursement arrangement will remain in effect through at least December 31, 2015.

Gross of Fees

Gross Expense Ratio represents the total gross expenses (net expenses with waivers added back in) divided by the fund's average net assets. If it is not equal to the net expense ratio, the gross expense ratio portrays the fund's expenses had the fund not waived a portion, or all, of its fees.

1.54%
Inception Date: May 1, 2013
Type of Fund: Global Clean Technologies
Symbol: PXEAX
CUSIP: 704223551
Minimum Investment: $1000
Sales Charge: 5.50%, 12b-1: 0.25%
Expense Ratio (06/04/2014):
Net of FeesMore info 1.40%
Gross of Fees More info 1.54%
Inception Date: March 27, 2008
Type of Fund: Global Clean Technologies
Symbol: PGINX
CUSIP: 704223775
Minimum Investment: $250,000
Sales Charge: None, 12b-1: 0.00%
Expense Ratio (06/04/2014):
Net of FeesMore info 1.15%
Gross of Fees More info 1.29%
Inception Date: March 27, 2008
Type of Fund: Global Clean Technologies
Symbol: PGRGX
CUSIP: 704223767
Minimum Investment: No Minimum
Sales Charge: None, 12b-1: 0.50%
Expense Ratio (06/04/2014):
Net of FeesMore info 1.65%
Gross of Fees More info 1.79%

Investing In Environmental Markets

Download papers on Environmental Investing: Overview, Energy, Water and Waste

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This global fund seeks long-term growth of capital by investing in common and/or preferred stocks of companies whose businesses, technologies and services drive resource optimization in the environmental markets: energy, water, waste and sustainable food and agriculture.

Historical growth of $10,000
over a 10-year time period
data as of 03/27/08 to 09/30/14

 

Performance shown in the Growth of $10,000 chart does not include any applicable sales charges and fees. The chart represents a hypothetical investment at the beginning of the time period shown.

Strategy:

Subadvisor Biographies

Bruce Jenkyn-Jones is a Co-Portfolio Manager of the Pax World Global Environmental Markets Fund. Mr. Jenkyn-Jones has been responsible for the management of the Fund since its inception in 2008 and has been a portfolio manager with Impax Asset Management, the subadviser of the Pax World Global Environmental Markets Fund, since 1999. Mr. Jenkyn-Jones holds a Masters of Business Administration from IESE (Barcelona), a Masters of Science in Environmental Technology from Imperial College and a degree in chemistry from Oxford.

Hubert Aarts is a Co-Portfolio Manager of the Global Environmental Markets Fund and has been involved in the Fund since its inception in 2008.  Mr. Aarts is the Managing Director of Listed Equities and leads Impax's macro-economic research process. Mr. Aarts joined Impax in January 2007 and co-manages the Leaders and Water Strategies. He started his career in the investment industry in 1990. He has extensive experience investing in Pan-European equities as a portfolio manager at MeesPierson and Merrill Lynch Investment Managers, where he chaired the European Sector Strategy Group. He joined Impax from Cambrian Capital Partners LLP where he was a partner and portfolio manager of the Curalium fund, and Incremental Leveraged hedge funds. Hubert has a Master's degree in Economics and Business Administration from Maastricht University.

Simon Gottelier is a Co-Portfolio Manager of the Global Environmental Markets Fund and has been involved in the Fund since its inception in 2008. Mr. Gottelier has worked at Impax since 2004 and co-manages the Leaders and Water Strategies, as well as selected clients' SRI/ESG products. Mr. Gottelier joined Impax from Veolia (formerly Vivendi) Environment, where he was a Financial Analyst.  He began his career in Investment Banking in 1998 at NM Rothschild and subsequently moved to Deutsche Bank where he provided strategic, M&A and financing advice to European and US clients across a broad range of industrial sub-sectors. He has an honours degree in Modern Languages from the University of Bristol.

ALPS Distributors, Inc. is not affiliated with Impax Asset Management.

 

1Average annual returns for the Individual Investor Class. Figures include reinvested dividends, capital gains distributions, and changes in principal value.

2The 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 (Net) Index consists of the following 23 developed market country indices: 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. Performance for the MSCI World Index is shown “net”, which includes dividend reinvestments after deduction of foreign withholding tax. One cannot invest directly in an index.

Performance data quoted represent 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. See the fund's performance tab for most recent month-end performance information.