Performance data quoted represents past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.

» Month ended 10/31/2014
» Quarter ended 09/30/2014
CUMULATIVE RETURNS (%) AVERAGE ANNUAL RETURNS (%)
Symbol Fund Inception Date Year-To-Date 1 Year 3 Year 5 Year 10 Year Since Inception3 Expense Ratio (Net of Fees) Expense Ratio (Gross of Fees)
PAXWX Balanced Fund - Individual Investor Class
08/10/1971 6.59 9.08 10.78 9.74 5.71 8.53 0.91% 0.91%
PAXIX Balanced Fund - Institutional Class
04/02/2007 6.76 9.34 11.05 10.01 5.91 8.58 0.66% 0.66%
PAXRX Balanced Fund - Class R
04/02/2007 6.32 8.77 10.50 9.45 5.53 8.48 1.16% 1.16%
S&P 500 Index
10.99 17.27 19.77 16.69 8.20
60% S&P 500 Index / 40% Barclays U.S. Aggregate Bond Index
8.68 11.93 12.79 11.81 7.05
Lipper Balanced Funds Index
6.24 9.12 11.29 10.35 6.46
PXWGX Growth Fund - Individual Investor Class
06/11/1997 9.50 16.33 16.04 15.90 7.27 4.68 1.24% 1.35%
PXGAX Growth Fund - Class A
05/01/2013 9.50 16.33 16.03 15.90 7.27 4.68 1.24% 1.35%
PWGIX Growth Fund - Institutional Class
04/02/2007 9.71 16.61 16.32 16.20 7.45 4.79 0.99% 1.10%
PXGRX Growth Fund - Class R
04/02/2007 9.27 16.03 15.74 15.62 7.09 4.59 1.49% 1.60%
Russell 1000 Growth Index
10.73 17.11 19.30 17.43 9.05
Lipper Multi-Cap Growth Funds Index
8.72 15.36 18.53 16.92 8.88
PXSCX Small Cap Fund - Individual Investor Class
03/27/2008 4.18 9.48 19.47 18.01 - 10.91 1.24% 1.66%
PXSAX Small Cap Fund - Class A
05/01/2013 4.21 9.49 19.48 18.02 - 10.92 1.24% 1.66%
PXSIX Small Cap Fund - Institutional Class
03/27/2008 4.40 9.72 19.80 18.30 - 11.21 0.99% 1.41%
PXSRX Small Cap Fund - Class R
03/27/2008 4.00 9.23 19.23 17.73 - 10.64 1.49% 1.91%
Russell 2000 Index
1.90 8.06 18.18 17.39 8.67 9.84
Lipper Small-Cap Core Funds Index
1.96 7.51 16.92 16.56 8.70 9.77
PXINX Pax MSCI International ESG Index Fund - Individual Investor Class
03/27/2008 -2.86 -0.97 10.22 - - 5.26 0.80% 0.80%
PXNIX Pax MSCI International ESG Index Fund - Institutional Class
03/27/2008 -2.54 -0.64 10.51 - - 5.54 0.55% 0.55%
PXIRX Pax MSCI International ESG Index Fund - Class R
03/27/2008 -2.98 -1.19 9.91 - - 5.03 1.05% 1.05%
MSCI EAFE ESG (Net) Index
-2.76 -0.36 10.09 - - 5.57
MSCI EAFE (Net) Index
-2.81 -0.60 9.68 6.52 5.81 4.69
Lipper International Large-Cap Core Funds Index
-1.69 0.66 10.03 6.84 5.61 4.53
PAXHX High Yield Bond Fund - Individual Investor Class
10/08/1999 2.47 3.60 7.59 7.49 6.60 6.01 0.96% 0.96%
PXHAX High Yield Bond Fund - Class A
05/01/2013 2.61 3.60 7.63 7.51 6.61 6.02 0.96% 0.96%
PXHIX High Yield Bond Fund - Institutional Class
06/01/2004 2.82 4.00 7.91 7.79 6.84 6.19 0.71% 0.71%
PXHRX High Yield Bond Fund - Class R
04/02/2007 2.41 3.49 7.42 7.34 6.42 5.89 1.21% 1.21%
BofA Merrill Lynch U.S. High Yield - Cash Pay - BB-B (Constrained 2%) Index
5.40 6.26 8.88 9.77 7.48
Lipper High Yield Bond Funds Index
4.41 5.47 9.06 9.85 6.88
PXWEX Pax Ellevate Global Women's Index Fund - Individual Investor Class
10/01/1993 4.98 9.61 12.75 9.69 3.76 6.57 0.99% 0.99%
Pax Ellevate Global Women's Index Fund - Institutional Class
5.21 9.89 13.04 9.98 3.99 6.69 0.74% 0.74%
Pax Global Women's Leadership (Net) Index
- - - - -
MSCI World (Net) Index
4.56 8.67 14.37 11.41 6.93
Lipper Global Large-Cap Core Funds Index
4.16 8.30 14.99 12.06 7.50
PGRNX Global Environmental Markets Fund - Individual Investor Class
03/27/2008 -1.73 3.29 14.81 10.67 - 4.75 1.40% 1.54%
PXEAX Global Environmental Markets Fund - Class A
05/01/2013 -1.70 3.30 14.82 10.67 - 4.76 1.40% 1.54%
PGINX Global Environmental Markets Fund - Institutional Class
03/27/2008 -1.54 3.51 15.10 10.96 - 5.02 1.15% 1.29%
PGRGX Global Environmental Markets Fund - Class R
03/27/2008 -1.93 2.99 14.54 10.38 - 4.48 1.65% 1.79%
MSCI World (Net) Index
4.56 8.67 14.37 11.41 6.93 4.85
FTSE Environmental Opportunities Index Series
-0.61 4.66 13.33 10.91 -

A 1.00% CDSC (contingent deferred sales charge) may be charged on any shares sold within 18 months of purchase over $1million. POP (public offering price) reflects the maximum sales load for the Growth, Small Cap, and Global Environmental Markets Funds' Class A Shares of 5.50%.

A 1.00% CDSC (contingent deferred sales charge) may be charged on any shares sold within 18 months of purchase over $1million. POP (public offering price) reflects the maximum sales load for the High Yield Bond Fund's Class A Shares of 4.50%.

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. Emerging market and international 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. Investments in high yield bonds generally are subjected to greater price volatility based on fluctuations in issuer and credit quality. When investing in bonds, you are subject, but not limited to, the same interest rate, inflation and credit risks associated with the underlying bonds owned by the Fund. Funds that emphasize investments in smaller companies generally will experience greater price volatility. Investing in non-diversified funds generally will be more volatile and loss of principal could be greater than investing in more diversified funds.

1, 2Note About Inception Dates

Inception of Pax World Balanced Fund Institutional Class and Class R shares is April 2, 2007. The performance information shown for Institutional Class and Class R shares represents the performance of the Individual Investor Class R shares for the period prior to Institutional Class and Class R shares inception. Expenses have not been adjusted to reflect the expenses allocable to Institutional Class and Class R shares. If such expenses were reflected, the returns would be higher than those shown. For since inception returns for Institutional Class and Class R shares, please see Pax World Balanced Fund Performance.

Inception of the Pax World Growth Fund Institutional Class and Class R shares is April 2, 2007. The performance information shown for Institutional Class and Class R shares represents the performance of the Individual Investor Class R shares for the period prior to Institutional Class and Class R shares inception. Expenses have not been adjusted to reflect the expenses allocable to Institutional Class shares. If such expenses were reflected, the returns would be higher than those shown. For since inception returns for Institutional Class and Class R shares, please see Pax World Growth Fund Performance.

Inception of Pax World High Yield Bond Fund Institutional Class shares is June 1, 2004. The performance information shown for Institutional Class shares represents the performance of the Individual Investor Class R shares for the period prior to Institutional Class inception. Expenses have not been adjusted to reflect the expenses allocable to Institutional Class shares. Inception of Pax World High Yield Bond Fund Class R shares is April 2, 2007. The performance information shown for Class R shares represents the performance of the Individual Investor Class R shares for the period prior to Class R inception. Expenses have not been adjusted to reflect the expenses allocable to Institutional Class shares.If such expenses were reflected, the returns would be higher than those shown. For since inception returns for Institutional Class and Class R shares, please see Pax World High Yield Bond Fund Performance.

Pax World Global Women’s Equality Fund, a series of Pax World Funds Series Trust I, acquired the Women’s Equity Fund on October 29, 2007. Performance information shown for periods prior to the acquisition is the performance of the Retail Class shares of the acquired Women’s Equity Fund, which has not been adjusted to reflect any differences in expenses between the acquired Women’s Equity Fund and the Pax World Global Women’s Equality Fund; if such expense adjustments were reflected, the returns would be higher than those shown.

Inception of the Pax World Global Women's Equality Fund Institutional Class shares is April 19, 2006. Pax World Global Women’s Equality Fund, a series of Pax World Funds Series Trust I, acquired the Women’s Equity Fund on October 29, 2007. Performance information shown for periods prior to the acquisition represents the performance of the acquired Women’s Equity Fund. The performance information shown for Institutional Class shares represents the performance of the Retail Class shares of the acquired Women’s Equity Fund shares for the period prior to Institutional Class inception. Expenses have not been adjusted to reflect the expenses allocable to Institutional Class shares or to reflect any differences in expenses between the acquired Women’s Equity Fund and the Pax World Global Women’s Equality Fund. If such expense adjustments and allocable expenses were reflected, the returns would be higher than those shown. For since inception returns for Institutional Class and Class R shares, please see Pax World Global Women's Equality Fund Performance.

Inception of Class A shares is May 1, 2013. The performance information shown for Class A represents the performance of the Individual Investor Class shares for the period prior to Class A inception.

On 3/31/2014 Pax World International Fund and Pax MSCI EAFE ESG Index ETF merged into the Pax MSCI International ESG Index Fund (the Fund), a passively managed index fund which seeks investment returns that closely correspond to the price and yield performance, before fees and expenses, of the MSCI EAFE ESG Index. Based on the similarity of the Fund to Pax MSCI EAFE ESG Index ETF, Pax MSCI EAFE ESG Index ETF (the Predecessor Fund) is treated as the survivor of the mergers for accounting and performance reporting purposes. Accordingly, all performance and other information shown for the Fund for periods prior to 3/31/2014 is that of the Predecessor Fund.

Notes About Expenses

Total annual Balanced Fund operating expenses, gross of any fee waivers or reimbursements are 0.91% for the Individual Investor Class, 0.66% for the Institutional Class and 1.16% for the Class R as of 05/01/2014 prospectus.

Total annual Growth Fund operating expenses, gross of any fee waivers or reimbursements, for Individual Investor Class, Class A, Institutional Class and Class R shares are 1.35%, 1.35%, 1.10% and 1.60%, respectively, as of 5/1/2014 prospectus. The Growth Fund’s investment adviser has contractually agreed to reimburse expenses (excluding Acquired Fund Fees and Expenses) allocable to Individual Investor Class, Institutional Class and R Class shares of the Growth Fund to the extent such expenses exceed 1.24%, 1.24%, 0.99% and 1.49% of the average daily net assets of Individual Investor Class, Class A, Institutional Class and Class R shares, respectively. This reimbursement arrangement will remain in effect until at least December 31, 2015.

Total annual High Yield Bond Fund operating expenses, gross of any fee waivers or reimbursements, for Individual Investor Class, Class A, Institutional Class and Class R shares are 0.96%, 0.96%, 0.72% and 1.22%, respectively, as of 5/1/2014 prospectus.

Total annual Global Women's Equality Fund operating expenses, gross of any fee waivers or reimbursements, for Individual Investor Class and Institutional Class shares are 1.59% and 1.34%, respectively, as of 5/1/2014 prospectus. The Global Women’s Equality Fund’s investment adviser has contractually agreed to reimburse expenses (excluding Acquired Fund Fees and Expenses) allocable to Individual Investor Class and Institutional Class shares of the Global Women’s Equality Fund to the extent such expenses exceed 1.24% and 0.99% of the average daily net assets of Individual Investor Class and Institutional Class shares, respectively. This reimbursement arrangement will remain in effect until at least December 31, 2015.

Total annual Small Cap Fund operating expenses, gross of any fee waivers or reimbursements, for Individual Investor Class, Class A, Institutional Class and Class R shares are 2.20%, 2.20%, 1.95% and 2.45%, respectively, as of 5/1/2013 prospectus. The Small Cap Fund’s investment adviser has contractually agreed to reimburse expenses (excluding Acquired Fund Fees and Expenses) allocable to Individual Investor Class, Class A, Institutional Class and Class R shares of the Small Cap Fund to the extent such expenses exceed 1.24%, 1.24%, 0.99% and 1.49% of the average daily net assets of Individual Investor Class, Class A, Institutional Class and Class R shares, respectively. This reimbursement arrangement will remain in effect through at least December 31, 2015.

Total annual Global Environmental Markets Fund operating expenses, gross of any fee waivers or reimbursements, for Individual Investor Class, Class A, Institutional Class and Class R shares are 1.54%, 1.54%, 1.29% and 1.79%, respectively, as of 5/1/2014 prospectus. The Global Environmental Markets Fund’s investment adviser has contractually agreed to reimburse expenses (excluding Acquired Fund Fees and Expenses) allocable to Individual Class, Class A, Institutional Class and Class R shares of the Global Environmental Markets Fund to the extent such expenses exceed 1.40%, 1.40%, 1.15% and 1.65% of the average daily net assets of Individual Investor Class, Class A, Institutional Class and Class R shares, respectively. This reimbursement arrangement will remain in effect through at least December 31, 2015.

Total annual Pax MSCI International ESG Index Fund operating expenses, gross of any fee waivers or reimbursements, for Individual Investor Class, Institutional Class and Class R shares are 0.80%, 0.55% and 1.05% as of 5/1/2014 prospectus.