Four Pax World Funds Add Class A Shares
New Class A shares are now available for four Pax World Funds:
- Pax World High Yield Bond Fund (PXHAX)
- Pax World Growth Fund (PXGAX)
- Pax World Small Cap Fund (PXSAX)
- Pax World Global Environmental Markets Fund (PXEAX)
The High Yield Bond Fund’s maximum sales load is 4.50% while the Growth, Small Cap and Global Environmental Markets Funds each have a maximum sales load of 5.50%. To provide additional flexibility for investment advisors, these sales charges may be reduced or eliminated for larger purchases or under certain other circumstances. Class A shares for these funds are available through many brokerage platforms.
The introduction of Class A shares is responsive to today’s mutual fund marketplace. Most investors today work with registered investment advisors, financial planners, broker-dealers and retirement plan administrators to select their investments. Today, over 90% of new Pax World accounts are opened through investment advisors and other intermediaries.
We are offering Class A shares in order to better serve today’s investors and their investment advisors. The four funds with Class A shares are funds fit into asset classes that investment advisors are increasingly recommending for their clients in the current market environment. We continue to monitor interest in Class A shares in other Pax World Funds and may consider offering them in the future.
If you would like to learn more about Pax World Mutual Funds and our new Class A shares, please contact a member of our sales team.