ESG ManagersTM Portfolios

ESG ManagersTM Portfolios are a series of asset allocation funds featuring some of the best-known investment managers that incorporate sustainability or environmental, social and governance (ESG) factors into investment analysis and decision making.

These manager-of-managers funds have been designed and constructed by Morningstar Associates using proprietary research and analytics to select the managers, construct the portfolios and monitor the investments on an ongoing basis. Pax World is investment advisor to the funds.

ESG Managers® Portfolios consist of four funds that follow a Sustainable Investing approach:

  • ESG ManagersTM Aggressive Growth Portfolio
  • ESG ManagersTM Growth Portfolio
  • ESG ManagersTM Moderate Portfolio
  • ESG ManagersTM Conservative Portfolio

The funds represent a unique, one-stop solution for advisors and their clients who seek to capture the investment returns that may derive from superior sustainability performance.

Visit www.esgmanagers.com for more information about ESG ManagerTM Portfolios and for specific details about portfolio construction by asset classes and manager allocations.

Before investing in ESG ManagersTM Portfolios, you should carefully consider the funds’ investment objectives, risks, charges and expenses. For this and other important information about the funds, please obtain a fund prospectus by calling 877.374.7678 or visiting www.esgmanagers.com. Please read it carefully before investing. ESG Managers® Portfolios are distributed by ALPS Distributors, Inc.Pax World Management LLC is the investment adviser to the ESG Managers® Portfolios. Morningstar Associates, LLC, a registered investment advisor and wholly owned subsidiary of Morningstar, Inc., serves as portfolio construction adviser to the ESG ManagersTM Portfolios responsible for manager selection, asset allocation, portfolio construction and monitoring, but does not serve in the capacity of investment advisor to individual investors. The Morningstar name and logo are the property of Morningstar, Inc. Morningstar is not affiliated with Pax World Management LLC. ALPS Distributors, Inc. is not affiliated with Morningstar Associates, LLC.ESG ManagersTM Portfolios are multi-manager funds, which are a mix of underlying Sleeve Subadviser portfolios. The Funds’ allocations may change due to market fluctuations and other factors. Emerging market investments involve risk of capital loss from unfavorable fluctuations in currency values, differences in generally accepted accounting principals, economic or political instability in other nations or increased volatility and lower trading volume.

The ESG ManagersTM Portfolios sustainable investing policies may inhibit the funds’ ability to participate in certain attractive investment opportunities that otherwise would be consistent with their investment objectives and other principal investment strategies.