Pax MSCI International ESG Index Fund (PXINX) Invests in Sustainability Leaders
PORTSMOUTH, N.H.- March 31, 2014 -
Pax World Management LLC, investment adviser to Pax World Funds, announced today the launch of the Pax MSCI International ESG Index Fund (PXINX), a passively-managed fund which seeks investment returns that closely correspond to the price and yield performance, before fees and expenses, of the MSCI Europe Australasia Far East (EAFE) ESG Index (the Index).1 The Index consists of equity securities of issuers organized or operating in developed market countries around the world excluding the U.S. and Canada that have high sustainability or ESG ratings relative to their sector and industry group peers, as rated by MSCI ESG Research. The Pax MSCI International ESG Index Fund is the only mutual fund distributed in the U.S. that tracks the performance of the Index.
1The fund described herein is indexed to an MSCI index. The fund referred to herein is not sponsored, endorsed, or promoted by MSCI or its affiliates, and MSCI and its affiliates bear no liability with respect to any such fund or any index on which such fund is based. The MSCI EAFE ESG Index is designed to include equity securities of issuers organized or operating in Europe, Australasia and the Far East that have high environmental, social and governance (ESG) ratings relative to their peers as rated by MSCI ESG Research annually. The MSCI EAFE ESG Index includes or utilizes data, ratings, analysis, reports, analytics or other information or materials from MSCI's ESG Research Group within Institutional Shareholder Services Inc., an indirect wholly-owned subsidiaries of MSCI. One cannot invest directly in an index.