Keith Bernard Joins Pax World As Senior Vice President of Sales and Marketing

PORTSMOUTH, N.H. – March 10, 2008 – Pax World Management Corp., investment adviser to Pax World Funds ("Pax"), which launched the nation's first socially responsible mutual fund in 1971, today announced that Keith D. Bernard has joined the firm in the newly created role of Senior Vice President of Sales and Marketing. With extensive financial services leadership experience, Bernard will lead the firm's efforts to build out the retail, high-net worth and institutional market segments.

"Keith is an exciting addition to the Pax World team," said Joe Keefe, Pax World president and CEO. "Pax World is experiencing strong growth as retail customers, advisors, and institutions come to recognize the benefits of sustainable investing. Keith's expertise building and managing growth opportunities will help us meet increased client demand and capture additional assets under management."

Before joining Pax World, Bernard spent the last 15 years at Fidelity Investments serving the retail, advisor, correspondent broker-dealer, and institutional markets in sales, marketing, and strategic business development roles.

"Sustainable investing has a broad and rapidly growing market appeal, and Pax World's pioneering work and expanded product offerings give investors a range of options that are managed by top-notch investment talent," Bernard said. "Pax is poised as a market leader and for growth, and I am thrilled to be a part of it."