Pax World Appoints Steven A. Falci, CFA as Chief Investment Officer

PORTSMOUTH, N.H.///May 20, 2014///Pax World Management LLC, investment adviser to Pax World Funds and a leader in the field of Sustainable Investing, announced today that it has hired Steven A. Falci, CFA® as Chief Investment Officer.

“We are thrilled to welcome Steve aboard. As a longtime leader in the sustainable investing field, his wealth of industry knowledge will prove greatly beneficial to Pax World as we enter our next phase of growth,” said Joseph Keefe, President and CEO of Pax World Management LLC. “Steve joins our Chief Investment Strategist, Chris Brown, and our Senior Vice President for Sustainable Investing, Julie Fox Gorte, Ph.D., in bringing added depth and expertise as we further build out Pax World research and investment capabilities, ESG integration and leadership in the sustainable investing space.”

Mr. Falci brings more than 30 years of experience in financial services, more than 10 of which were spent developing and overseeing sustainable investment practices, to his role at Pax World. Prior to joining Pax World, Mr. Falci served as Head of Strategy Development, Sustainable Investment at Kleinwort Benson Investors, where his duties included strategic direction, product development and identifying new market opportunities in the sustainable investment business. Mr. Falci previously served as Chief Investment Officer, Equities at Calvert Group and was a Principal and Senior Portfolio Manager at Mellon Equity Associates.

“I am an admirer of Pax’s longtime leadership in the sustainable investing arena, as well as the company’s culture and values,” said Mr. Falci.  “This is a great opportunity to join an excellent investment team, contribute to the growth of a great company and hopefully make a difference at a time when sustainable investing has much to offer the larger investment world.”

Mr. Falci earned both a Bachelor’s of Science degree in Economics and a Master’s of Business Administration from  New  York  University’s  Stern  School  of  Business,  and  holds  a  Master’s  of  Arts  from  the  Pittsburgh Theological Seminary. He is a Chartered Financial Analyst (CFA®).

About Pax World Management LLC

Pax World is a leader in sustainable investing, the full integration of environmental, social and governance (ESG) factors into investment analysis, security selection, portfolio construction and risk management. Pax World combines rigorous ESG analysis with equally rigorous financial analysis in seeking to identify better‐managed, industry leading companies that meet positive corporate responsibility standards, have a clear vision for managing risk, and are focused on delivering long‐term value to shareholders. Pax World launched the first socially responsible mutual fund in 1971 and today offers a family of seven mutual funds, ESG Managers® Portfolios, multimanager asset allocation portfolios powered by Morningstar Associates, LLC, and separately managed accounts.

CFA® is a trademark owned by the CFA Institute.

Distributor: ALPS Distributors, Inc., Member FINRA.

Neither Pax World Management LLC nor ALPS Distributors, Inc., are affiliated with Morningstar Associates, LLC.

Separately 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.