Global Women's Equality Fund
Inception Date: October 1, 1993
Type of Fund: Global Large Cap Core
Symbol: PXWEX
CUSIP: 704223841
Minimum Investment: $1000
Sales Charge: None, 12b-1: 0.25%
Expense Ratio (05/01/2013):
Net of FeesMore info 1.24%
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 Women's Equality Fund operating expenses, gross of any fee waivers or reimbursements, for Individual Investor Class and Institutional Class shares are 1.70% and 1.45%, respectively, as of 5/1/2013. The Global Women’s Equality Fund’s investment adviser has contractually agreed to reimburse expenses (excluding Acquired Fund Fees and Expenses) allocable to Individual Investor Class and Institutional Class shares of the Global Women’s Equality Fund to the extent such expenses exceed 1.24% and 0.99% of the average daily net assets of Individual Investor Class and Institutional Class shares, respectively. This reimbursement arrangement will remain in effect until 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.

1.70%
Inception Date: April 19, 2006
Type of Fund: Global Large Cap Core
Symbol: PXWIX
CUSIP: 704223833
Minimum Investment: $250,000
Sales Charge: None, 12b-1: 0.00%
Expense Ratio (05/01/2013):
Net of FeesMore info 0.99%
Gross of Fees More info 1.45%

The Pax World Women's Empowerment Platform

At Pax World, we believe that the status and role of women is also an excellent clue to a company’s growth potential.

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The Fund Is a global equity fund that seeks to grow capital over the long-term by investing in the common and/or preferred stock of companies that are leaders in advancing gender equality and women’s empowerment.

The Fund seeks to capitalize on women's contribution
to their companies' bottom line

Catalyst study - performance of companies with three or more women on their board of directors vs. companies with no women on their boards.

Performance data quoted represents past performance, which does not guarantee future results.

Strategy:

Portfolio Manager Biography

Ivka Kalus-Bystricky is Vice President and Portfolio Manager of the Pax World Global Women's Equality Fund. Ms. Kalus-Bystricky took over management of the Global Women's Equality Fund on January 1, 2012. She also managed the Pax World International Fund prior to its merger into the Pax MSCI International ESG Index Fund on March 31, 2014.

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.

 

Catalyst, "Women Board Directors: A Comparison of Economic Results," Nancy M. Carter, Ph.D. and Harvey M. Wagner, Ph.D., 2011