Pax World Announces New Portfolio Management for Global Women’s Equality Fund

PORTSMOUTH, N.H.///January 5, 2012/// Pax World Management LLC, investment adviser to Pax World Funds (Pax World) and a leader in the field of Sustainable Investing, today announced that it has appointed Ivka Kalus-Bystricky to be lead portfolio manager of the Pax World Global Women’s Equality Fund (PXWEX),  effective January 1, 2012.  Ms. Kalus-Bystricky will also continue in her role as portfolio manager of the Pax World International Fund (PXINX), in addition to her new duties as lead manager of the Global Women’s Equality Fund.

Assisting Ms. Kalus-Bystricky in the new portfolio management team responsible for the Global Women’s Equality Fund will be Tony Trzcinka, CFA, portfolio manager of the Pax World Growth Fund (PXWGX). 

The Pax World Global Women’s Equality Fund is the only mutual fund in America that is focused on investing in companies around the world that are global leaders in promoting gender equality and women’s empowerment in the workplace and beyond.   

“We are very confident in this new portfolio management team, led by Ivka Kalus-Bystricky,” said Pax World President & CEO Joe Keefe.  “We believe their experience and expertise will help the Global Women’s Equality Fund attract and reward investors who believe, as we do, that investing in companies that empower and advance women is not only the right thing to do but also a wise business and investment strategy.”

“I am a strong believer in globally diversified investments,” said Ms. Kalus-Bystricky.  “I also believe that some of the world’s most promising, innovative companies are those that empower and advance women so that they can be full contributors.  I truly believe the Global Women’s Equality Fund will be able to demonstrate over time that these companies make better long-term investments, and I am excited to get started.”

Ms. Kalus-Bystricky has been the portfolio manager of the Pax World International Fund since its inception on March 27, 2008.  Prior to joining Pax World, she was a senior portfolio manager at State Street Global Advisers, senior portfolio manager at Baring Asset Management, an analyst at Independence Investment and Putnam Investments, and a management consultant at Arthur D. Little.  Ms. Kalus-Bystricky speaks five languages, is a graduate of Harvard University and received a Master's degree from the Fletcher School of Law and Diplomacy and an MBA from INSEAD.              

 
About Pax World Management LLC

Pax World Management LLC, the investment adviser to Pax World Funds, is a recognized leader in Sustainable Investing, the full integration of environmental, social and governance (ESG) factors into investment analysis and decision making. Pax World launched the financial industry’s first socially responsible mutual fund in 1971. Today, Pax World offers a comprehensive platform of Sustainable Investing solutions including Pax World Funds, a family of no-load mutual funds; ESG Managers® Portfolios, multi-manager asset allocation funds powered by Morningstar Associates; ESG Shares®, the first family of exchange traded funds (ETFs) devoted exclusively to a Sustainable Investing approach; and separately managed accounts1 for institutional investors. For more information, visit www.paxworld.com.

Contact:

Justin Ordman
Solomon McCown
jordman@solomonmccown.com
(617) 933-5281

You should consider a fund's investment objectives, risks and charges and expenses carefully before investing. For this and other important information, please obtain a fund prospectus by calling 800.767.1729 or visiting www.paxworld.com. Please read it carefully before investing. Distributed by ALPS Distributors, Inc., Member: FINRA.

Equity investments are subject to market fluctuations, the fund’s share price can fall because of weakness in the broad market, a particular industry, or specific holdings.

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1Separately managed accounts and related advisory services are provided by Pax World Management LLC, a federally registered investment adviser. ALPS Distributors, Inc. is not the distributor for Pax World's separately managed accounts.

ESG Managers Portfolios are available only through registered financial advisors.

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PAX002121 (12/12)