Frequently Asked Questions

We’ve compiled a list of commonly asked questions regarding the Pax World Global Women’s Equality Fund and their answers. If you don’t find what you are looking for, please contact us.

What are the Global Women’s Equality Fund investment parameters?
The Fund seeks to invest in companies that are global leaders in promoting gender equality and women’s empowerment. We believe this Fund can demonstrate that investing in companies that invest in women is a smart investment strategy – that empowering women and promoting gender equality is good for a company’s bottom line and good for investors.

Why is the Fund a global fund?
We believe that gender inequality is perhaps the number one impediment to sustainable development around the globe, and that unleashing women’s economic capacity is probably the single most important key to eliminating poverty and promoting sustainable development worldwide. This is a global issue, and we want to encourage companies around the world to take greater steps to promote women’s equality and empowerment. So, it makes sense for this to be a global fund.

Why should someone invest in this Fund?
We believe that investing in women is a smart business strategy and good for investors – that’s what the Global Women’s Equality Fund seeks to demonstrate. We think holding back half of the world’s population through unequal educational and job opportunities, unequal wages, let alone violence and oppression, is not only morally reprehensible, it’s dumb economics. We believe that businesses that ignore what women can bring to the table are handicapping themselves and will eventually fall behind in the emerging global economy. Conversely, companies that invest in and empower women will be advantaged, and may be better long-term investments. The Pax World Global Women’s Equality Fund seeks to invest in these leaders, and to harvest the potential investment returns associated with their success.

What is the Fund’s performance benchmark?
The Fund’s managed benchmark is the MSCI World (Net) Index.

Who is the portfolio manager for the Pax World Global Women’s Equality Fund?
Ivka Kalus-Bystricky is Vice President and Lead Portfolio Manager of the Pax World International Fund and the Pax World Global Women’s Equality Fund. Ms. Kalus-Bystricky has been responsible for management of the International Fund since its inception in 2008. She took over management of the Global Women’s Equality Fund on January 1, 2012.

Before joining Pax World, she was a senior portfolio manager at State Street Global Advisors and Barings, where she managed international portfolios. Prior to that, she worked as an equity analyst at Putnam and Independence Investment, where she covered various international market sectors. Earlier in her career, Ms. Kalus-Bystricky returned to her native Czechoslovakia to work on the privatization of various state industries following the collapse of the iron curtain. She also spent several years as a management consultant to companies in Latin America, Europe, Canada and the United States. Ms. Kalus-Bystricky holds a Bachelor of Arts in biology from Harvard University, a Master’s Degree from the Fletcher School of Law and Diplomacy, and a Master of Business Administration from INSEAD in France. She speaks five languages.

Assisting Ms. Kalus-Bystricky in managing the Global Women’s Equality Fund is Anthony Trzcinka, CFA, who is also Portfolio Manager of the Pax World Growth Fund and a member of the portfolio management team of the Pax World Balanced Fund. Mr. Trzcinka joined Pax World in 2003. He began his career in financial services in 1999. Prior to joining Pax World, he spent over three years at AEW Capital Management as an Assistant Vice President. He holds a Master of Business Administration from Northeastern University and a Bachelor of Arts from the University of Massachusetts. Mr. Trzcinka is a CFA charterholder and member of the Boston Security Analysts Society.

What are the unique resources that Pax World brings to this Fund?
Pax World launched the nation’s first socially responsible mutual fund in 1971 and is a leader in the field of sustainable investing – integrating environmental, social and governance (ESG) factors into investment analysis and decision making. This has long included consideration of gender issues, from board diversity to equal pay, from hiring and promotion policies to work/life benefits and other issues affecting women. For example, Pax World has long had a policy of withholding support from or voting against any proxy slate of corporate directors that does not include women. We apply this policy to all our funds, not just the Global Women’s Equality Fund. We have also engaged with companies on issues of concern to women, from board diversity to human trafficking. Recently, the United Nations Development Fund for Women (UNIFEM) and the UN Global Compact acknowledged the contribution of Pax World CEO Joe Keefe in the creation and launch of the Women’s Empowerment Principles, a global code of corporate conduct focused on gender equality and women’s empowerment. We also try to practice what we preach: at Pax World, three out of six of the mutual funds that we manage internally are managed by women, and three of the six vice presidents who, together with our CEO, comprise our management team are women as well.

How can I find out more about the Fund?
For additional information on the Pax World Global Women’s Equality Fund, please contact Kathleen McQuiggan at 617.480.9161.

Kathleen McQuiggan is a Registered Representative of ALPS Distributors, Inc. Emerging market and international investments involve risk of capital loss from unfavorable fluctuations in currency values, differences in generally accepted accounting principles, economic or political instability in other nations or increased volatility and lower trading volume.

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