Pax Balanced Fund shareholders may have noticed the fund has a new moniker. We changed its name to better capture its investment approach and its unique long-term track record of serving investors interested in pursuing sustainable investing strategies. It is now called the Pax Sustainable Allocation Fund. While the Fund’s investment strategy has not changed in any way, the name change will help us make sure that strategy is more clearly conveyed to and understood by investors.
Launched in 1971, the Pax Balanced Fund was the first sustainable investment fund in the United States. Today, almost 50 years later, it remains a unique offering, providing investors with a core allocation to both equities and fixed income across a range of underlying sustainable investment strategies that in turn provide a range of positive societal impacts. Given the rapidly growing interest in ESG/sustainable investing, as well as investors’ careful appetite for risk, we want the fund name to accurately denote the specific investment strategy that it continues to employ:
Hence the new name, Pax Sustainable Allocation Fund, which we believe better conveys the unique investment strategy deployed by this fund.
As the first sustainable investment fund in the United States, with the longest track record of providing investors with sustainable asset allocation, we are proud of the legacy of the Pax Balanced Fund and confident that under its new name, the Pax Sustainable Allocation Fund, it will continue to serve investors and advance sustainability for many years to come.
Impax Asset Management LLC, formerly Pax World Management LLC, is investment adviser to Pax World Funds.
Investments involve risk, including potential loss of principal.