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Pax World History

Pax World was founded in 1971 by two men with a well-defined mission. Luther Tyson and Jack Corbett, who had worked on peace, housing and employment issues for the United Methodist Church, wanted to make it possible for investors to align their investments with their values. At the same time, they wanted to challenge corporations to establish and live up to specific standards of social and environmental responsibility.

Their vehicle was the Pax World Fund, the first publicly available mutual fund in America to use social as well as financial criteria in the investment decision-making process. That Fund, now called the Pax Balanced Fund, helped give birth to the Sustainable Investment industry.

Today, Pax World is at the forefront of Sustainable Investing — the full integration of Environmental, Social and Governance factors (ESG) into investment analysis and portfolio construction — which Pax World Funds President & CEO Joe Keefe calls “simply a better, smarter way to invest.”

In 2018, Impax Asset Management Group plc acquired Pax World Management LLC, investment adviser to Pax World Funds. Pax World Funds and the names of all the mutual funds in the Pax World family remain unchanged, as does our longstanding focus on sustainable investing.

In the News

May 30, 2019

U.S. News & World Report – How To Ensure ESG Investing Isn’t Whitewash

Senior Vice President for Sustainable Investing Julie Gorte discusses how retail investors can avoid “greenwashing” when choosing ESG investments.
May 28, 2019

Agenda – Investors Back Proposal Targeting C-Suite Diversity

Heather Smith, Vice President for Sustainable Investing, discusses the Pax World Funds approach toward shareholder advocacy and engagement.
April 29, 2019

CNBC – These Investments Aim To Push for Workplace Diversity and Gender Pay Equity

Reporter Lorie Konish includes the Pax Ellevate Global Women’s Leadership Fund in this article about gender and diversity funds.