Sales Charges & Dealer Compensation
A-Share Sales Charge Breakpoints
|$0-$49,999||$50,000-$99,999||$100,000-$249,999||$250,000-$499,999||$500,000-$999,999||$1 Million and Over|
|FUND NAME||A SHARES MAXIMUM SALES CHARGE|
|Pax Small Cap Fund||5.50%||4.50%||3.50%||2.50%||2.00%||1.00% CDSC (contingent deferred sales charge) may be charged on any shares sold within
18 months of purchase over $1 million.
|Pax ESG Beta® Quality Fund||5.50%||4.50%||3.50%||2.50%||2.00%|
|Pax Global Environmental Markets Fund||5.50%||4.50%||3.50%||2.50%||2.00%|
|Pax High Yield Bond Fund||4.50%||3.75%||3.25%||2.50%||2.00%|
|$0-$49,999||$50,000-$99,999||$100,000-$249,999||$250,000-$499,999||$500,000-$999,999||$1,000,000 or more Finder’s Fee|
|FUND NAME||DEALER COMMISSION AS A % OF OFFERING PRICE|
|Pax Small Cap Fund||4.75%||3.75%||2.75%||2.00%||1.60%||Commissions (up to 1.00%) are paid to dealers who initiate and are responsible for certain Class A share purchases not subject to initial sales charges.†|
|Pax ESG Beta® Quality Fund||4.75%||3.75%||2.75%||2.00%||1.60%|
|Pax Global Environmental Markets Fund||4.75%||3.75%||2.75%||2.00%||1.60%|
|Pax High Yield Bond Fund||4.00%||3.25%||2.75%||2.00%||1.75%|
In addition to the broker reallowance, all A share trades pay monthly dealer compensation based on a 25 basis point annualized rate.
Individual Investor shares pay monthly dealer compensation on an annual rate of 25 basis points.
†These purchases consist of purchases of $1 million or more, purchases by employer-sponsored defined contribution-type retirement plans investing $1 million or more or with 100 or more eligible employees, and purchases made at net asset value by certain retirement plans, endowments and foundations with assets of $50 million or more. Commissions on such investments (other than IRA rollover assets that roll over at no sales charge under the Funds’ IRA rollover policy as described in the prospectus) are paid to dealers at the following rates: 1.00% on amounts of less than $4 million, 0.50% on amounts of at least $4 million but less than $10 million and 0.25% on amounts of at least $10 million. Commissions are based on cumulative investments over the life of the account with no adjustment for redemptions, transfers, or market declines. For example, if a shareholder has accumulated investments in excess of $4 million (but less than $10 million) and subsequently redeems all or a portion of the account(s), purchases following the redemption will generate a dealer commission of 0.50%.