Recent News Mentions

  • TheStreet.com – Junk Bonds Could Rally in Sluggish Economy — February 18, 2010 — Manager Mary Austin, CFA® is interviewed in this edition of TheStreet.com’s Fund Manager Five Spot, which profiles some of America’s top mutual fund managers. In the piece, Austin, who manages the Pax World High Yield Bond Fund, provides an overview of her current favorite high-yield sectors and explains that the number of issues and pace of recovery could potentially bring healthy returns to junk bond investors. Click here to read more.
  • FA Green – The Socially Conscious Advisor — January 4, 2010 — FA Green interviews five fund company executives in the socially responsible/Sustainable Investing industry, including Pax World President and CEO Joe Keefe, to get their take on the investing outlook for the coming year. In the piece, Keefe discusses how the financial crisis has led to the creation of opportunities for investment strategies focused on Sustainable Investing – the integration of environmental, social and governance (ESG) factors into investment analysis and decision making. Click here to read more.
  • Forbes.com – When Mutual Funds Get Strange — November 5, 2009 — The Pax World Women’s Equity Fund and High Yield Bond Fund are mentioned in a Forbes Intelligent Investing Panel piece regarding Sustainable Investing. The piece discusses mutual funds that are managed by women and examines the findings of the Women in Fund Management report, issued by the National Council for Research on Women. Click here to read more.
  • Forbes – Last Chance For Junk — October 29, 2009 — The Pax World High Yield Bond Fund was featured in a Forbes article regarding investing in non-investment grade (“junk”) bonds. In the piece, Portfolio Manager Mary Austin discusses her strategy and the rationale behind some of the Fund’s holdings. Click here to read more.
  • Wall Street Journal – Uncharted Waters — October 21, 2009 — There is a growing desire among global investors to hold specialized commodities, including water. This article analyzes the trend, and explains that as global populations grow, water has become more scarce and in turn, a much more vital commodity. According to Michael Herbst, a Morningstar fund analyst, “Most investors probably don’t need a water fund, and could perhaps get water exposure through companies already in their own portfolio. Or, they could go with an environmental fund that offers water exposure, such as Pax World Global Green Fund.” Click here to read more.
  • Wall Street Journal — The Price of Green — October 5, 2009 — In a Wall Street Journal article regarding investing in “green” funds, The Pax World Global Green Fund is mentioned as part of a group of funds that branch into broader sectors of the economy as opposed to the more narrow focus of some other alternative energy funds. The piece also notes that because of an “eco-friendly White House, economic-stimulus money earmarked for alternative-energy technology and proposed legislation in Congress that seeks to cut greenhouse-gas emissions and establish standards for energy efficiency,” the future looks promising for companies involved in the green industry. Click here to read more.
  • Boomer Market Advisor — Bubble-proof Your Clients' Retirement — October 1, 2009 — This article, authored by Pax World President and CEO Joe Keefe, discusses how retirement plan investors were unnecessarily harmed by the financial crisis as the nation’s 401k plans replaced sound financial planning with bubble economics. He goes on to detail affirmative steps that he believes will help reform the 401(k) system and protect retirement investors from such downturns in the future. Click here to read more.
  • NECN’s Business Day — Study: Would More Women Have Lessened Economic Crisis — September 21, 2009 — One year after the collapse of Lehman Brothers and the ensuing economic crisis that forever changed Wall Street, Pax World President and CEO Joe Keefe joined NECN’s Business Day to share his thoughts on the findings of the recent report by the National Council for Research on Women, which examined whether the financial meltdown would have been less severe if more women had been involved in fund management. Click here to view the video clip.
  • CBS Evening News — Does Wall Street Need More Women? — September 10, 2009 — Pax World was featured in a CBS Evening News segment about whether the economic meltdown would have been as severe if more women had been in executive suites on Wall Street. The CBS feature noted that three of Pax’s six in-house Portfolio Managers are women. Pax World President and CEO Joe Keefe was quoted, “I do think that when women are at the table, there’s a richer discussion on issues like risk and that you make better decisions because of their input.” Click here to read more and to view the video clip.
  • SocialFunds.com — Many SRI Funds Are Outperforming Benchmarks in 2009 — August 21, 2009 — Chief Investment Officer and Portfolio Manager Chris Brown is featured in an article discussing the Pax World fund’s investment performance in the first half of 2009 and Pax World’s Environmental, Social and Governance (ESG) overlay in identifying investment themes. Click here to read more.
  • SocialFunds.com — UNEP Hones Legal Argument for ESG Incorporation in Investments in New Study — July 22, 2009 — Pax World Senior Vice President for Sustainable Investing Julie Gorte is featured in an article announcing a new report by the Asset Management Working Group (AMWG) of the United Nations Environment Program Finance Initiative (UNEP FI), which argues that financial consultants may well have a legal duty to proactively raise ESG issues with their clients, and that ESG issues be embedded into legal contracts between asset owners and asset managers. According to Gorte, who is co-chair of the AMWG, “UNEP FI exists because over 170 banks, insurance companies and asset managers believe that integrating ESG analysis into financial decision-making is crucial, for the proper functioning of financial markets and for the continued health of the planet and its societies.” Click here to read more.
  • TheStreet.com — Berkowitz, Nygren Build Big Stakes in Health — June 10, 2009 — Pax World Chief Investment Officer and Portfolio Manager Chris Brown is featured in an article regarding opportunities for investing in health care stocks. Chris explains that the Pax World Balanced Fund currently owns shares of companies that make health care supplies, such as syringes and surgical blades, because in his opinion “no matter what happens, we will need reliable sources of health supplies,” and these companies within the health care sector are less likely to be affected by changes in government policies. Click here to read more.
  • Fox Business News — Pax World's Sustainable Investing — May 28, 2009 — Pax World Chief Investment Officer and Portfolio Manager Chris Brown is interviewed live from the 2009 Morningstar Investment Conference in Chicago. In this segment, he talks about Sustainable Investing—the full integration of environmental, social and governance (ESG) factors into investment analysis and decision making. Click here to view the interview.
  • Wall Street Journal — Principled Investing Gains More Fans — May 13, 2009 — According to the Wall Street Journal, more workers today are interested in 401K plans that include funds that align with their personal values. Pax World President and CEO Joe Keefe believes this is due to “a shift in the perception of investing,” and that investors “see sustainability and good governance as better for their portfolios.” Today, mainstream investors are looking for these types of investment options that have a positive social impact. Click here to read more.
  • The Huffington Post — Bankruptcy Relief for Homeowners at Risk of Foreclosure — April 26, 2009 — This op-ed by Pax World President and CEO Joe Keefe discusses the importance of bankruptcy relief and a transition to long-term thinking in the current economic crisis. According to Keefe, “a strong housing bill is essential if economic recovery is to proceed.” He goes on to detail issues related to foreclosure, past solutions that have failed, and what he considers a “common sense solution” to the current problem. The bill that was passed by Congress unfortunately did not include the bankruptcy relief advocated by Keefe. Click here to read more.
  • GreenMoney Journal — Ten New Green Mutual Funds — April 15, 2009 — GreenMoney Journal featured 10 new funds, three of which are from Pax World. The article highlights Pax World’s Global Green Fund, International Fund and Small Cap Fund as ways for investors to “participate in social and environmental responsibility while profiting from our expanding need to conserve and sustain global resources.” Click here to read more.
  • Investment News — Funds Expected to Rebound When Investors Stop Reeling — April 12, 2009 — This article discusses the growth of green investing, and explains why industry experts believe investor interest will pick up again once the markets stabilize. According to Bruce Jenkyn-Jones, Co-Portfolio Manager of the Pax World Global Green Fund, “I believe the case for investing in green companies remains strong,” and the sector is expected to grow “once investors regain their confidence.” Click here to read more.
  • FA Green — Opinion: Excessive Executive Comp Hurts the Economy — April 1, 2009 — Julie Gorte, Ph.D, Pax World Senior Vice President for Sustainable Investing, discusses strengthening the voice of shareholders regarding executive compensation. She further details what Pax World is doing, and how the average investor can provide meaningful input to companies regarding executive compensation. Click here to read more.
  • The Motley Fool — The Search for Women in the Boardroom — March 31, 2009 — This article notes that “For those interested in gender diversity”, Pax World and KLD’s groundbreaking Gender Investment Index Series is a way to find “promising investment candidates.” The objective of The Gender Investment Index Series is “demonstrating that gender equality is an important indicator of financial health, and that companies that empower women and encourage gender diversity.” Click here to read more.
  • Morningstar — Getting Kids Started in Investing — March 24, 2009 — It’s important for young investors “to learn about investing by doing it themselves.” The Pax World Balanced Fund, managed by Chris Brown, is featured in this article as a “fund to consider for a child or teenager who’s dipping his or her toe into the waters of investing.” With “a very low $250 minimum initial investment,” the Pax World Balanced Fund is “one of the best socially responsible funds out there, with a strong long-term track record and reasonable expenses.” Click here to read more.
  • Fund Action — Pax World, KLD Developing Gender Indexes — March 13, 2009 — Pax World and KLD announced the launch of a Gender Index Series for the International Finance Corporation (IFC), a member of the World Bank Group that promotes sustainable economic growth in developing countries by supporting private sector development. The series of indexes will “focus on corporations with acute gender awareness programs and that have women in management positions and sitting on their boards.” According to Julie Gorte, Ph.D, Pax World Senior Vice President for Sustainable Investing, “gender empowerment is good for financial performance.”
  • Social Funds — Goal of New Index Series Is to Advance Gender Equality — March 11, 2009 — On March 8, International Women’s Day, Pax World and KLD announced that they will construct the first Gender Investment Index series for the International Finance Corporation (IFC), a member of the World Bank Group, in an effort to “increase interest among corporations and investors in gender empowerment.” Research shows that there is a “positive correlation between gender diversity in Boards of Directors and senior management and the quality of earnings reported by companies,” says Julie Gorte, Ph.D, Pax World Senior Vice President for Sustainable Investing. Click here to read more.
  • FA Green — Top 10 for Women — March 10, 2009 — Managing Editor Dorothy Hinchcliff’s blog discusses the recent launch of the IFC Gender Index series, developed by Pax World and KLD. Hinchcliff notes that “Pax World has been a leader in promoting gender as an investment concept—the idea that companies that empower women perform better financially over the long run.” The first index announced, the North America Women Investment Index (NAWI), includes “216 U.S. and Canadian firms in various sectors that rank highly on promoting gender equality.” According to KLD, “one interesting finding was the companies who made it into the gender indexes generally had good overall performance on environmental, social and governance (ESG) criteria.” Click here to read more.
  • CNNMoney.com — There's Still Juice in Junk Bonds — February 18, 2009 — With low prices and high yields, demand is growing for high yield bonds. The outlook for the high yield bond market is strong, and according to one expert, “there is still plenty of room to climb.” CNNMoney.com references a Fortune article which advises investors to be cautious consider buying into diversified funds rather than individual bonds, noting Pax World’s High Yield Bond Fund, managed by Mary Austin. Click here to read more.
  • Financial Advisor FA Green — Investing: A Look At Performance — January 1, 2009 — Mutual funds that adhere to sustainable investing principles – the full integration of environmental, social and governance (ESG) factors into investment analysis and decision making - may generate comparable returns to other types of funds. Pax World president and CEO Joe Keefe believes that “ESG standards are a proxy for better management among more forward‐thinking and opportunistic companies.” Click here to read more.
  • Ethisphere — 100 Most Influential People in Business Ethics 2008 — December 31, 2008 — Pax World president and CEO Joe Keefe was named to Ethisphere’s list of the “100 Most Influential People in Business Ethics” for the second year in a row. In a turbulent year full of negative news and financial crisis, Ethisphere’s list recognizes individuals who “stood out for their positive achievements in the business ethics world.” This year, Keefe is in especially esteemed company, including such prestigious and accomplished leaders as President Barack Obama, Google CEO Eric Schmidt, and economic Nobel Prize winner and New York Times columnist Paul Krugman. Click here to read more.
  • Investment News — Top 20 socially conscious mutual funds ranked by assets — December 14, 2008 — See how the Pax World Balanced Fund, managed by Chris Brown, ranked in a list of “socially conscious” mutual funds based on total assets. The ranking, published in the Investment News DataBook 2008, was compiled based on information provided by the Social Investment Forum. Click here to read more.
  • SocialFunds.com — Shareowner Advocates Find Hope Despite Troubled Economic Times — December 5, 2008 — The current economic climate and the election of Obama present a unique opportunity for the Sustainable Investing community to engage shareholders in actively bringing their concerns to the attention of corporate management. Pax World, “an advocate for workplace diversity, plans to address problems with compliance found at some companies.” Julie Gorte, Sr. Vice President for Sustainable Investing, is working closely with shareholders to advocate on behalf of women’s rights, including human trafficking and workforce diversity. Click here to read more.
  • USA Today — Junk bond yields are crazy, but tread carefully — December 4, 2008 — While there is still a risk in investing in bond funds, the current Wall Street mindset enables a potential for high yields. “We have been adding to more defensive areas, such as health care and food,” says Mary Austin, Portfolio Manager of Pax World High Yield Bond Fund. Austin has been with the fund since its inception in 1999 and has been its sole Portfolio Manager since 2006. Click here to read more.
  • Greenwire — ENERGY MARKETS: Companies, investors weigh changes likely in an Obama administration — November 5, 2008 — Although renewable energy and clean-tech stocks did not immediately rally after the election of Obama, investors are still optimistic that the new administration will “mark the beginnings of a transition away from the dominance of the oil and gas industry and a more prominent place for the renewables industry in Washington.” “We believe it is going to be a very favorable environment for green investing, for sustainable investing,” said Joe Keefe, Pax World President & CEO.
  • Investor's Business Daily — High Yield Bonds Attractive Option, Some Now Think — October 17, 2008 — Many fund managers are positive, despite the economic downturn. “Mary Austin, portfolio manager of Pax World High Yield Fund, likes the situation for high-yield bonds. ‘I’m pretty much in the optimistic school. I think they’ve been oversold. The current situation makes for a great entry point,’ she said.”
  • SocialFunds.com — Sustainable Investment Strategies Earn Respect in Aftermath of the Financial Crisis — October 17, 2008 — “Some of the major causes of the crisis – predatory lending, excessive CEO compensation, corporate governance – have been SRI issues for years. I expect the mainstream market will come to embrace long-term investment strategies and stability. Sustainable investing has answers to why the breakdown happened, and lessons for the economic future,” said Joe Keefe, Pax World President & CEO.Click here to read more.
  • Chicago Tribune — Time may be right for high-yield bonds — September 28, 2008 — While the economy is in a downturn, high yield bond funds provide an opportunity for investors. They produce “higher yields than other bonds and typically perform best coming out of recession and bear markets.” The Pax World High Yield Bond Fund is mentioned as one to watch as fund Manager Mary Austin takes an approach that includes investing in “bonds of U.S. companies with good cash flow that are most likely to withstand the slowdown.”Click here to read more.
  • Financial Times — U.S. fund finds social gains add to bottom line — September 14, 2008 — With a long-standing interest in sustainable investing, which includes rigorous bottom-up fundamental analysis and equally rigorous environmental, social, and governance (ESG) analysis , Mary Austin has been with the Pax World High Yield Bond Fund since its inception in 1999 and its sole Portfolio Manager since 2006, and “Ms. Austin’s performance is catching the attention of investors and her fund has seen record inflows in the past year.”Click here to read more.
  • Boomer Market Advisor — Don't Go Overboard In Overseas Investing — September 1, 2008 — With a measured approach to domestic and overseas investing, Chris Brown has been successfully managing the Pax World Balanced Fund for 10 years. A healthy mix ranging from stocks to bonds and domestic to foreign investments, the Balanced Fund also incorporates environmental, social and governance criteria into its investment process.  In this article, Chris Brown discusses what has made the Balanced Fund outperform, what sectors he is currently holding, and where he sees future opportunity. To read the full article, copy the following link into a new browser window: http://www.boomermarketadvisor.com/r/bmaMag/d/contentFocus/?adcID=5f280c67a9fddf01d55dc2ff29692ce5
  • Kiplinger’s Personal Finance - Funds That Keep It Simple — August 12, 2008 — “Pax World’s Balanced Fund offers a variety of international options as the Fund’s manager, Chris Brown, selects companies vetted for their environmental track records and labor practices, and looks for growing companies with solid balance sheets. Over the past decade, the fund has returned an annualized 5%, which beats the typical gain of balanced funds by an average of one percentage point per year.” To read the full article, copy the following link into a new browser window: http://www.kiplinger.com/magazine/archives/2008/09/one_fund_portfolio.html
  • Registered Rep - What-I-Believe-In Investing — August 1, 2008 — “As the sustainable investing community moves forward to include companies that are controlling emissions and operating more efficiently, Pax World has been expanding its portfolio to continue its support for alternative energies. ‘We are trying to find responsible companies that are leaders in making social progress,’ said Joe Keefe.” To read the full article, copy the following link into a new browser window: http://registeredrep.com/investing/mutualfunds/what-believe-in-investing_0801/index.html
  • Valley News - Investing for a Better World — July 27, 2008 — “Pax World launched the nation’s first socially responsible mutual fund in 1971 and now manages $2.6 billion in assets. Recently, Keefe has been outspoken proponent of Sustainable Investing in companies based on environmental, social and governance factors.” To read the full article, copy the following link into a new browser window: http://www.vnews.com/07272008/4965585.htm
  • Investment Advisor — A Perfect Combination — June 18, 2008 — “An Allianz Global Investors study found that 49% of the 1,003 investors (each with $100,000 or more in investments) polled said that ‘over the next 12 months they were likely to invest in a company or mutual fund looking to provide solutions for environmental problems.” To read the full article, copy the following link into a new browser window: http://www.investmentadvisor.com/article.php?article=8818
  • BusinessWeek - Socially Responsible Funds Hang Tough — May 15, 2008 — “SRI funds invest in companies with superior environmental, social, and governance (ESG) practices, in addition to solid balance sheets and low debt. In the last year or so, two big themes have helped stem losses in a turbulent market: renewable energy and traditional energy companies focused on fossil fuels. Funds betting on green energy have had huge gains.” To read the full article, copy the following link into a new browser window: http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=BWK&date=20080515&id=8642842 
  • U.S. News and World Report - 5 Ways to Invest that Stimulus Check — May 5, 2008 — “Pax, the granddaddy of socially screened mutual funds, avoids companies that derive significant revenue from weapons, gambling, or tobacco and favors those with good track records on issues such as the environment. In one dose, Pax World Balanced offers a diversified portfolio that contains stocks (both foreign and domestic), bonds, and a little cash.” To read the full article, copy the following link into a new browser window: http://www.usnews.com/blogs/new-money/2008/5/5/5-ways-to-invest-that-stimulus-check.html
  • Forbes - 6 Funds That Let You Sleep At Night — April 29, 2008 — “If the stock markets’ wild swings have been making you nervous, it might be time to consider an asset-allocation fund… The only socially screened fund that made our list, Pax World Balanced (PAXWX) offers investors a second reason for a sound night’s sleep. (A third is its low cost of entry: $250.)” To read the full article, copy the following link into a new browser window: http://money.cnn.com/2008/04/28/magazines/fortune/investing/funds_that_let_you_sleep.fortune/index.htm?section=magazines_fortune
  • New York Times - Saving the Planet? Not With My Money — March 26, 2008 — “Green is green has become a mantra of environmentalists and increasingly, corporate chiefs. Between money saved by energy efficiency and money made from selling environmentally sound, they say, going green is great for shareholders as well as the planet.” To read the full article, copy the following link into a new browser window: http://www.nytimes.com/2008/03/26/business/businessspecial2/26price.html?_r=2&scp=1&sq=%22pax+world%22&st=nyt&oref=slogin&oref=slogin
  • Sustainable Investing and Values by Joseph F. Keefe, President & CEO — March 17, 2008 — “In the Spring/Summer 2007 issue of The Green Money Journal, I wrote an article (“From SRI to Sustainable Investing”) arguing that sustainable investing is the next stage in the evolution of socially responsible investing (SRI). This shift from SRI to sustainable investing is not only taking shape in the real world, but the interest in and uptake in sustainability is accelerating. I think it’s also true that whereas SRI has always been understood more as an “alternative” investment strategy, sustainable investing has the potential to be a transformative investment strategy. Thus, the change is more than just semantics; it is fundamental, both stylistically and substantively…” “Sustainable Investing & Values” was published in the Spring 2008 issue of Green Money Journal. To read the entire article, download the PDF now.  
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  • Investment News - UN Summit Highlights Climate Risk — February 25, 2008 — “Climate-change issues ‘have really become much more of a feature in the analyst community,’ said Julie Gorte, senior vice president of sustainable investing at Pax World Management Corp. of Portsmouth, N.H., adviser to the Pax World funds.” To read the full article, copy the following link into a new browser window: http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20080225/REG/832499039/1042/
  • Ignites - Pax Goes Greener With Three New Funds — January 24, 2008 — “Pax World Funds, a champion of socially responsible investing, is preparing to launch three new funds: Pax World Small Cap Fund, Pax World International and Pax Global Green Fund. All three funds will pursue a sustainable investing approach in their selection process.”
  • Investment News - Pax Fund Focuses on Firms that Empower Women — January 7, 2008 — “‘We are living in a time when people are beginning to realize that gender inequality holds back economies, holds back societies and holds back progress,’ said Joe Keefe, chief executive of Pax World Management Corp., a socially conscious mutual fund company based in Portsmouth, N.H..” To read the full article, copy the following link into a new browser window: http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20080107/REG/360192228/1017/TOC&ht
  • Smart Money Magazine — The New Do-Gooders — December 1, 2007 — Nowhere is the idea hotter – or more perplexing – than in the world of socially responsible mutual funds. Once favored by a minority of do-gooders, they’re increasingly popular on Main Street.
  • The Wall Street Journal — For Money Managers, A Smarter Approach to Social Responsibility — November 5, 2007 — Changes in investing are bringing the methods of so-called socially responsible investors and those of the more mainstream investors closer together.
  • Morningstar.com — Pax World Acquires Women's Equity Fund — October 29, 2007 — Pax World Management Corp., investment adviser to Pax World Funds (“Pax”), which launched the nation’s first socially responsible mutual fund in 1971, today announced that it has acquired the assets of FEMMX Financial Company (“FEMMX”), the investment adviser for the Professionally Managed Portfolios’ Women’s Equity Fund.
  • Baltimore Sun — High-Yielding Junk Bond Funds are Luring Investors Back — October 28, 2007 — Investor money is flowing into junk, or high-yield, bond mutual funds.
  • NH Union Leader — Profit with a Purpose — October 15, 2007 — Pax World Funds, a leader in sustainable investing, is in growth mode, having launched a new Value Fund last month, and planning to roll out more fund choices over time.
  • NH Union Leader — At Pax, Managers’ Scrutiny Goes Global — October 15, 2007 — China, Burma, India, Sudan – they’re all likely to be topics of discussion by Pax World fund managers as they seek out ethically managed companies to invest in.
  • SocialFunds.com — New Pax World Value Fund Follows ‘Contrarian Value’ Strategy — October 4, 2007 — Pax World’s new Fund travels the globe looking for sustainable, yet undervalued companies.
  • Morningstar — Fund Investing for Kids — September 11, 2007 — Pax World Balanced (PAXWX)  This is one of the best socially responsible funds out there, with a strong long-term track record and reasonable expenses.
  • Kiplinger’s Personal Finance — Fund Investing Made Easy — September 1, 2007 — Pax World Balanced Fund gives you the benefits of diversification plus a low initial minimum requirement of $250.
  • SmartMoney.com — Balanced Funds: Havens in Rough Markets — August 10, 2007 — Investor’s nerves have certainly been tested over the past three weeks. One category of funds, though, managed to stem some of the bleeding – and should do so in the future if the market continues to slide.  This week, we turn our focus to balanced funds…
  • Green Money Journal — From SRI to Sustainable Investing — June 21, 2007 — by Joseph F. Keefe, President & CEO, Pax World Management Corp.  —  Over the next 15 years, I think we will see a transition from the old world of socially responsible investing to the new world of sustainable investing. By sustainable investing, I mean the full integration of environmental, social and governance (ESG) factors into financial analysis and decision-making. This transition is critical if our industry is to broaden its market and maximize its impact on corporate behavior, on financial markets, and on global society itself… Download “From SRI to Sustainable Investing”.
  • Green Money Journal — From Socially Responsible Investing to Sustainable Investing — June 1, 2007 — by Joe Keefe, CEO Pax World — Over the next 15 years, I think we will see a transition from the old world of socially responsible investing (SRI) to the new world of sustainable investing.
  • Morningstar — Our Favorite Starter Funds — May 23, 2007 — Choosing your first mutual fund is a lot like buying your first house or car.  You want it to be dependable, versatile and accessible. - Pax World Balanced Fund is one of the Fund Analyst Picks.
  • SmartMoney.com — Mutual Funds Anyone Can Afford — May 18, 2007 — Low-minimum funds can be an ideal initial investment for people just starting to save or for those that don’t have a lot of free cash flow because they have other priorities, like a growing family.
  • Ignites.com — Will Sustainable Investing Take SRI on New Path? — May 17, 2007 — Pax World Funds…is one such player that is shifting to a model that concentrates on sustainability.  This will focus more on the integration of environmental, social and governance (ESG) factors into financial analysis and decision making.
  • New York Times — Religious Principles Take Root in Funds — April 8, 2007 — In some ways, these funds are similar to those that are managed by companies like Domini Social Investments or Pax World Funds and that are known collectively as “socially responsible investing” funds because they screen out stocks on ethical grounds.  “But most S.R.I. funds tend to have a more liberal bent, while some of the religious funds tend to be more conservative,” said David Kathman, a fund analyst at Morningstar.
  • Morningstar — Find the Right Socially Responsible Fund — April 3, 2007 — The largest individual SRI fund is Pax World Balanced PAXWX.  It has been around since 1971, has more than $2 billion in assets, and is a Fund Analyst Pick in the moderate-allocation category.
  • Kiplinger’s Personal Finance — What it Means to Be Green — April 3, 2007 —  – In October, the oldest socially screened fund, Pax World Balanced (PAXWX), abandoned its zero-tolerance policy on alcohol and gambling.
  • New Hampshire Sunday — News Ethical Investing, Sure, But How About a Definition? — April 1, 2007 — Joe Keefe, president and CEO of Pax World in Portsmouth, a company that handles socially responsible investments, says there are no federal oversight or industry standards on ethical investing, and that several financial brokers have gone on their own to define ethical standards.
  • FastCompany.com — ’HIP’ Score Ranks Companies by Social Impact and Earnings — March 28, 2007 — Back then, Pax World launched the first socially responsible mutual fund in the United States—and its approach centered on banning investments in so-called sin stocks… Now Pax has begun incorporating data on climate change, sustainable development, and human-rights concerns…criteria it says, “were not topical when screens were first adopted.”
  • SocialFunds.com — Concerned Investors and Businesses Call for Congress to Pass a Carbon-Cap or Wear a Dunce Cap — March 27, 2007 — “We decided to join the coalition because we think climate change is the greatest environmental challenge of our time,” Joe Keefe, President & CEO of Pax World Funds told SocialFunds.com.
  • New York Daily News — Finding Value, Applying Values — February 5, 2007 — Socially responsible investing is a growing trend with hundreds of funds targeting a wide spectrum of causes.  Here are some of the more prominent funds:…Pax World Balanced Fund.
  • Fortune Magazine — New Rules for Go-Good Funds: Portfolios that Seek to Combine Moral Values with Stock Values are Getting a Makeover — February 5, 2007 — Joe Keefe, Pax’s CEO, readily concedes that the company’s investment guidelines were due for an overhaul.  Last fall Pax shareholders voted to drop the rigid prohibitions on gambling and alcohol stocks and to add a new emphasis on corporate governance, product integrity, climate change, and human rights.
  • Ignites.com — Funds Warming to Fighting Climate Change — February 1, 2007 — “There are both business risks and opportunities associated with climate change that corporations have to increasingly manage in the years ahead,” Keefe says. “It’s very relevant to investors like [us] at Pax World who believe that integrating sustainability concerns into investment decisions is a smarter way to invest.
  • The Kansas City Star — Low Initial Investments and Fees are Key to Picking Mutual Funds — January 21, 2007 — With these criteria in mind, Morningstar highlighted stock mutual funds that could be good starting points for young investors.
  • Portsmouth Herald — License to Buy — January 19, 2007 — A local investment company is putting its corporate wallet where its socially responsible mouth is.  Pax World Management Corp., investment advisor to Pax World Funds, one of the nation’s leading socially responsible mutual funds companies, is offering a new hybrid vehicle purchase incentive program to its employees.
     
    Past performance is no guarantee of future results.
    The Pax World Funds’ sustainable investing policies may inhibit the Funds’ ability to participate in certain attractive investment opportunities that otherwise would be consistent with its investment objectives and other principal investment strategies.