Frequently Asked Questions
We’ve compiled a list of commonly asked questions and their answers. If you don’t find what you are looking for, please contact us.
Who manages the Pax World High Yield Fund?
The officers of the Fund are responsible for the day-to-day operations of the Fund, and the Board of Trustees of the Pax World Funds Series Trust I is responsible for the general oversight of the Fund. The Fund’s assets are managed by its investment advisor, Pax World Management LLC with offices in Portsmouth, New Hampshire. The Fund’s portfolio manager is Ms. Mary Austin, CFA.
Mary Austin, CFA, is Vice President and Portfolio Manager of the Pax World High Yield Bond Fund. Ms. Austin has been with the Fund since its inception in 1999. She joined Pax World as an analyst before becoming co-portfolio manager in November 2005 and, ultimately, portfolio manager in 2006. Prior to joining Pax World, she worked for Salomon Smith Barney as a sell-side equity analyst covering small- to mid-cap specialty pharmaceutical and medical technology companies. Ms. Austin was instrumental in bringing many innovative health care companies public. She is a CFA charterholder and member of the Boston Security Analysts Society and the New York Society of Security Analysts. She holds a Bachelor of Science in public accounting from Pace University.
CFA® is a trademark owned by CFA Institute.
Does the Pax World High Yield Fund accept IRA Plan accounts?
Yes, you can set up a new IRA account with the Pax World High Yield Fund or transfer an existing IRA account into the Fund. All Pax World Funds offer Traditional, Roth, SEP, SIMPLE, and Education IRA accounts. These accounts offer a variety of tax advantages for investors. Click here for a description of the various accounts. Call 800.767.1729 for more information, or visit Literature & Forms to obtain a prospectus or forms.
How can I keep track of my investment’s performance?
Daily net asset values can also be found in the Performance Section of this Web site. Account statements are sent out whenever there is activity in an account and also on a quarterly basis. Both to save paper and keep expenses at a minimum, we do not send out monthly statements. Specific account, dividend, and net-asset-value information can be accessed by calling 800.372.7827, by logging in to Account Access, or by writing to:
Pax World Mutual Funds
P.O. Box 55370
Boston, MA 02205-5370
Of course, shareholders also receive semi-annual and annual reports which contain detailed information about the Fund’s performance as well as its holdings. The Fund Family also sends out a quarterly newsletter with articles, profiles, interviews, and other material that may interest shareholders.
How can I find out more about the Fund?
In the Literature & Forms page of this Web site, there are three options for obtaining a Fund prospectus and additional information. Should you have additional questions, we invite you to call 800.767.1729, where a Pax representative can answer your questions and send you more information on the Fund.
What fees does the Pax World High Yield Fund charge?
Shares of the Pax World High Yield Fund are offered without a front-end sales charge. All moneys placed with the Fund are fully credited to the shareholder’s account. The Fund does not charge sales fees (loads) on reinvested dividends and other distributions. If the investor chooses to invest through a broker/dealer or financial planner, these persons may charge the investor a transaction fee or other fees and charges for their services. The Fund’s operating costs (banking, legal, accounting, printing, advisory, etc.), are charged against the Fund’s earnings.
How are income and capital gains paid?
The Fund expects to pay dividends on net investment income, if any, monthly and to make distributions of any capital gains in excess of net capital losses at least annually. Dividends and distributions will be paid in additional Fund shares based on the net asset value of such shares at the close of business on the payment date. Investors can receive all dividends and distributions in additional shares or in cash. The Fund will notify each shareholder after the close of the Fund’s taxable year of both the dollar amount and the taxable status of that year’s dividends and distributions on a per-share basis.