Morningstar Advisor - February/March 2009 - (Page 16) 2008: AMERICA EMBRACES CHANGE. 2009: INVESTORS EMBRACE SUSTAINABILITY. CO R E TH E M E Sustainable Investing – an idea whose time has come. Our economy is heading in a new direction – one that’s greener, smarter, more focused on the long term. The question is, why invest in the old economy when you can invest in the new one? At Pax World, we believe the best investments in the years ahead will be forward-thinking companies with sustainable business models – companies as strong environmentally, socially and organizationally as they are financially. We call this investment style Sustainable Investing, combining rigorous financial analysis with equally rigorous environmental, social and governance (ESG) analysis. The result, we think, is an increased level of scrutiny that helps us identify better-managed companies, which in turn can make for better investments. Are you ready for change? Pax World Balanced Fund (PAXWX) Pax World Growth Fund (PXWGX) Pax World Value Fund (PAXVX) Pax World Small Cap Fund (PXSCX) Pax World High Yield Bond Fund (PAXHX) Pax World International Fund (PXINX) Pax World Women’s Equity Fund (PXWEX) Pax World Global Green Fund (PGRNX) To learn more, visit www.paxworld.com/sustainable Before investing in a Pax World fund, you should carefully consider the Fund’s investment objectives, risks, charges and expenses. For this and other important information about the Fund, please obtain a fund prospectus by calling 800.767.1729 or visiting www.paxworld.com. Please read it carefully before investing. An investment in the Fund involves risks, including loss of principal. The Fund’s sustainable investing policies may inhibit the Fund’s ability to participate in certain attractive investment opportunities that would otherwise be consistent with its principal investment strategies and objectives. Distributed by: ALPS Distributors, Inc. Member FINRA (12/08) http://www.paxworld.com http://www.paxworld.com/sustainable http://www.paxworld.com
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