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Pax Ellevate Management LLC, investment adviser to the Pax Ellevate Global Women’s Index Fund, is the result of a partnership between Impax Asset Management LLC, formerly Pax World Management LLC (“Pax”), and Ellevate Asset Management LLC, whose principal is Sallie Krawcheck. Pax Ellevate was founded on the principle that gender diversity plays a critical role in business success over time and that investors can benefit from investing in companies that advance women. Pax has long been a recognized leader in investing in women and advocating for greater representation of women in business leadership. Ms. Krawcheck, who serves as Chair of Pax Ellevate and a trustee of the Fund, is one of the most powerful advocates for women in the financial services industry.