Distributions - Pax World Funds Customer Service Overview

High Yield Bond Fund Dividends | Core Bond Fund Dividends | Inactive Funds Distributions

2022

2021

2020

2019

2018

2017

2016

June 2022 Fund Distributions

The record date for distributions for all Funds excluding the Pax Sustainable Allocation Fund is June 21, 2022. The ex-dividend and reinvestment date is June 22, 2022. The payment date is June 23, 2022.

The record date for the distributions for the Pax Sustainable Allocation Fund is June 27, 2022. The ex-dividend and reinvestment date is June 28, 2022. The payment date is June 29, 2022.

FUND NAME	TICKER	ORDINARY INCOME
Pax Large Cap Fund - Investor Class	PAXLX	0.02643
Pax Large Cap Fund - Institutional Class	PXLIX	0.042382

Pax Small Cap Fund - Investor Class	PXSCX	None
Pax Small Cap Fund - Institutional Class	PXSIX	0.015414
Pax Small Cap Fund - Class A	PXSAX	None

Pax US Sustainable Economy Fund* - Investor Class	PXWGX	0.103268
Pax US Sustainable Economy Fund* - Institutional Class	PWGIX	0.1308
Pax US Sustainable Economy Fund* - Class A	PXGAX	0.103686

Pax Global Sustainable Infrastructure Fund* - Investor Class	PAXDX	0.120103
Pax Global Sustainable Infrastructure Fund* - Institutional Class	PXDIX	0.130264

Pax Global Opportunities Fund - Investor Class	PAXGX	0.030425
Pax Global Opportunities Fund - Institutional Class	PXGOX	0.047112

Pax Global Environmental Markets Fund - Investor Class	PGRNX	0.037064
Pax Global Environmental Markets Fund - Institutional Class	PGINX	0.062315
Pax Global Environmental Markets Fund - Class A	PXEAX	0.037629

Pax Ellevate Global Women's Leadership Fund - Investor Class	PXWEX	0.237874
Pax Ellevate Global Women's Leadership Fund - Institutional Class	PXWIX	0.27524

Pax International Sustainable Economy Fund* - Investor Class	PXINX	0.142712
Pax International Sustainable Economy Fund* - Institutional Class	PXNIX	0.154111

Pax Core Bond Fund - Investor Class	PAXBX	N/A
Pax Core Bond Fund - Institutional Class	PXBIX	N/A

Pax High Yield Bond Fund - Investor Class	PAXHX	N/A
Pax High Yield Bond Fund - Institutional Class	PXHIX	N/A
Pax High Yield Bond Fund - Class A	PXHAX	N/A

Pax Sustainable Allocation Fund - Insvestor Class	PAXWX	0.230027
Pax Sustainable Allocation Fund - Institutional Class	PAXIX	0.263155

December 2021 Fund Distributions

The record date for distributions for all Funds excluding the Pax Sustainable Allocation Fund is December 21, 2021. The ex-dividend and reinvestment date is December 22, 2021. The payment date is December 23, 2021.

The record date for distributions for the Pax Sustainable Allocation Fund is December 27, 2021. The ex-dividend and reinvestment date is December 28, 2021. The payment date is December 29, 2021.

FUND NAME	TICKER	ORDINARY INCOME	SHORT TERM CAPITAL GAIN RATE	LONG TERM CAPITAL GAIN RATE	TOTAL CAPITAL GAIN RATE
Pax Large Cap Fund - Investor Class	PAXLX	0.014203	0.46487	0.36149	0.82636
Pax Large Cap Fund - Institutional Class	PXLIX	0.032435	0.46487	0.36149	0.82636

Pax Small Cap Fund - Investor Class	PXSCX	0.019259	0.65098	1.10808	1.75906
Pax Small Cap Fund - Institutional Class	PXSIX	0.045185	0.65098	1.10808	1.75906
Pax Small Cap Fund - Class A	PXSAX	0.021022	0.65098	1.10808	1.75906

Pax US Sustainable Economy Fund* - Investor Class	PXWGX	0.083093	1.55381	3.77236	5.32617
Pax US Sustainable Economy Fund* - Institutional Class	PWGIX	0.121515	1.55381	3.77236	5.32617
Pax US Sustainable Economy Fund* - Class A	PXGAX	0.08563	1.55381	3.77236	5.32617

Pax Global Sustainable Infrastructure Fund* - Investor Class	PAXDX	0.10779	0.97252	4.65758	5.6301
Pax Global Sustainable Infrastructure Fund* - Institutional Class	PXDIX	0.127786	0.97252	4.65758	5.6301

Pax Global Opportunities Fund - Investor Class	PAXGX	None	0.19259	0.11267	0.30526
Pax Global Opportunities Fund - Institutional Class	PXGOX	0.001686	0.19259	0.11267	0.30526

Pax Global Environmental Markets Fund - Investor Class	PGRNX	0.098098	0.12556	0.22316	0.34872
Pax Global Environmental Markets Fund - Institutional Class	PGINX	0.13001	0.12556	0.22316	0.34872
Pax Global Environmental Markets Fund - Class A	PXEAX	0.098743	0.12556	0.22316	0.34872

Pax Ellevate Global Women's Leadership Fund - Investor Class	PXWEX	0.193427	None	None	None
Pax Ellevate Global Women's Leadership Fund - Institutional Class	PXWIX	0.238694	None	None	None

Pax International Sustainable Economy Fund* - Investor Class	PXINX	0.063313	0.07143	0.17446	0.24589
Pax International Sustainable Economy Fund* - Institutional Class	PXNIX	0.077826	0.07143	0.17446	0.24589

Pax Core Bond Fund - Investor Class	PAXBX	N/A	None	0.01688	0.01688
Pax Core Bond Fund - Institutional Class	PXBIX	N/A	None	0.01688	0.01688

Pax High Yield Bond Fund - Investor Class	PAXHX	N/A	None	None	None
Pax High Yield Bond Fund - Institutional Class	PXHIX	N/A	None	None	None
Pax High Yield Bond Fund - Class A	PXHAX	N/A	None	None	None

Pax Sustainable Allocation Fund - Investor Class	PAXWX	0.023939	0.33256	0.83776	1.17032
Pax Sustainable Allocation Fund - Institutional Class	PAXIX	0.059190	0.33256	0.83776	1.17032

June 2021 Fund Distributions

The record date for distributions for all Funds excluding the Pax Sustainable Allocation Fund is June 21, 2021. The ex-dividend and reinvestment date is June 22, 2021. The payment date is June 23, 2021.

The record date for distributions for the Pax Sustainable Allocation Fund is June 25, 2021. the ex-dividend and reinvestment date is June 28, 2021. The payment date is June 29, 2021.

FUND NAME	TICKER	ORDINARY INCOME
Pax Large Cap Fund - Investor Class	PAXLX	0.018379
Pax Large Cap Fund - Institutional Class	PXLIX	0.030301

Pax Small Cap Fund - Investor Class	PXSCX	0.018132
Pax Small Cap Fund - Institutional Class	PXSIX	0.040619
Pax Small Cap Fund - Class A	PXSAX	0.01825

Pax US Sustainable Economy Fund* - Investor Class	PXWGX	0.113645
Pax US Sustainable Economy Fund* - Institutional Class	PWGIX	0.1449
Pax US Sustainable Economy Fund* - Class A	PXGAX	0.11544

Pax Global Sustainable Infrastructure Fund* - Investor Class	PAXDX	0.2154
Pax Global Sustainable Infrastructure Fund* - Institutional Class	PXDIX	0.231814

Pax Global Opportunities Fund - Investor Class	PAXGX	None
Pax Global Opportunities Fund - Institutional Class	PXGOX	0.01219

Pax Global Environmental Markets Fund - Investor Class	PGRNX	0.028011
Pax Global Environmental Markets Fund - Institutional Class	PGINX	0.054374
Pax Global Environmental Markets Fund - Class A	PXEAX	0.028618

Pax Ellevate Global Women's Leadership Fund - Investor Class	PXWEX	0.233048
Pax Ellevate Global Women's Leadership Fund - Institutional Class	PXWIX	0.27044

Pax International Sustainable Economy Fund* - Investor Class	PXINX	0.168291
Pax International Sustainable Economy Fund* - Institutional Class	PXNIX	0.181018

Pax Core Bond Fund - Investor Class	PAXBX	N/A
Pax Core Bond Fund - Institutional Class	PXBIX	N/A

Pax High Yield Bond Fund - Investor Class	PAXHX	N/A
Pax High Yield Bond Fund - Institutional Class	PXHIX	N/A
Pax High Yield Bond Fund - Class A	PXHAX	N/A

Pax Sustainable Allocation Fund - Investor Class	PAXWX	0.210290
Pax Sustainable Allocation Fund - Institutional Class	PAXIX	0.245002

December 2020 Fund Distributions

The record date for distributions for all Funds excluding the Pax Sustainable Allocation Fund is December 21, 2020. The ex-dividend and reinvestment date is December 22, 2020. The payment date is December 23, 2020.

The record date for distributions for the Pax Sustainable Allocation Fund is December 28, 2020. The ex-dividend and reinvestment date is December 29, 2020. The payment date is December 30, 2020.

FUND NAME	TICKER	ORDINARY INCOME	SHORT TERM CAPITAL GAIN RATE	LONG TERM CAPITAL GAIN RATE	TOTAL CAPITAL GAIN RATE
Pax Large Cap Fund - Investor Class	PAXLX	0.026267	0.12749	0.60561	0.73310
Pax Large Cap Fund - Institutional Class	PXLIX	0.039431	0.12749	0.60561	0.73310

Pax Small Cap Fund - Investor Class	PXSCX	None	0.44544	0.16543	0.61087
Pax Small Cap Fund - Institutional Class	PXSIX	None	0.44544	0.16543	0.61087
Pax Small Cap Fund - Class A	PXSAX	None	0.44544	0.16543	0.61087

Pax US Sustainable Economy Fund* - Investor Class	PXWGX	0.085932	None	0.23947	0.23947
Pax US Sustainable Economy Fund* - Institutional Class	PWGIX	0.115344	None	0.23947	0.23947
Pax US Sustainable Economy Fund* - Class A	PXGAX	0.086138	None	0.23947	0.23947

Pax Global Sustainable Infrastructure Fund* - Investor Class	PAXDX	0.108090	None	0.19486	0.19486
Pax Global Sustainable Infrastructure Fund* - Institutional Class	PXDIX	0.123853	None	0.19486	0.19486

Pax Global Opportunities Fund - Investor Class	PAXGX	None	0.11728	None	0.11728
Pax Global Opportunities Fund - Institutional Class	PXGOX	0.012729	0.11728	None	0.11728

Pax Global Environmental Markets Fund - Investor Class	PGRNX	0.028697	None	None	None
Pax Global Environmental Markets Fund - Institutional Class	PGINX	0.053261	None	None	None
Pax Global Environmental Markets Fund - Class A	PXEAX	0.029590	None	None	None

Pax Ellevate Global Women's Leadership Fund - Investor Class	PXWEX	0.154714	None	None	None
Pax Ellevate Global Women's Leadership Fund - Institutional Class	PXWIX	0.191260	None	None	None

Pax International Sustainable Economy Fund* - Investor Class	PXINX	0.068743	None	None	None
Pax International Sustainable Economy Fund* - Institutional Class	PXNIX	0.081288	None	None	None

Pax Core Bond Fund - Investor Class	PAXBX	N/A	0.14576	0.09752	0.24328
Pax Core Bond Fund - Institutional Class	PXBIX	N/A	0.14576	0.09752	0.24328

Pax High Yield Bond Fund - Investor Class	PAXHX	N/A	None	None	None
Pax High Yield Bond Fund - Institutional Class	PXHIX	N/A	None	None	None
Pax High Yield Bond Fund - Class A	PXHAX	N/A	None	None	None

Pax Sustainable Allocation Fund - Investor Class	PAXWX	0.014613	0.03917	0.43977	0.47894
Pax Sustainable Allocation Fund - Institutional Class	PAXIX	0.047076	0.03917	0.43977	0.47894

June 2020 Fund Distributions

The record date for distributions for all Funds excluding the Pax Sustainable Allocation Fund is June 19, 2020. The ex-dividend and reinvestment date is June 22, 2020. The payment date is June 23, 2020.

The record date for distributions for the Pax Sustainable Allocation Fund is June 25, 2020. the ex-dividend and reinvestment date is June 26, 2020. The payment date is June 29, 2020.

Fund Name	Ticker	Ordinary Income
Pax Large Cap Fund - Investor Class	PAXLX	0.041981
Pax Large Cap Fund - Institutional Class	PXLIX	0.047262

Pax Small Cap Fund - Investor Class	PXSCX	None
Pax Small Cap Fund - Institutional Class	PXSIX	None
Pax Small Cap Fund - Class A	PXSAX	None

Pax US Sustainable Economy Fund* - Investor Class	PXWGX	0.130591
Pax US Sustainable Economy Fund* - Institutional Class	PWGIX	0.154292
Pax US Sustainable Economy Fund* - Class A	PXGAX	0.129619

Pax Global Sustainable Infrastructure Fund* - Investor Class	PAXDX	0.104856
Pax Global Sustainable Infrastructure Fund* - Institutional Class	PXDIX	0.118492

Pax Global Opportunities Fund - Investor Class	PAXGX	None
Pax Global Opportunities Fund - Institutional Class	PXGOX	None

Pax Global Environmental Markets Fund - Investor Class	PGRNX	0.05525
Pax Global Environmental Markets Fund - Institutional Class	PGINX	0.073805
Pax Global Environmental Markets Fund - Class A	PXEAX	0.055056

Pax Ellevate Global Women's Leadership Fund - Investor Class	PXWEX	0.160179
Pax Ellevate Global Women's Leadership Fund - Institutional Class	PXWIX	0.189759

Pax International Sustainable Economy Fund* - Investor Class	PXINX	0.092808
Pax International Sustainable Economy Fund* - Institutional Class	PXNIX	0.103196

Pax Core Bond Fund - Investor Class	PAXBX	N/A
Pax Core Bond Fund - Institutional Class	PXBIX	N/A

Pax High Yield Bond Fund - Investor Class	PAXHX	N/A
Pax High Yield Bond Fund - Institutional Class	PXHIX	N/A
Pax High Yield Bond Fund - Class A	PXHAX	N/A

Pax Sustainable Allocation Fund- Investor Class	PAXWX	0.244501
Pax Sustainable Allocation Fund- Institutional Class	PAXIX	0.272505

December 2019 Fund Distributions

The record date for distributions for all Funds excluding the Pax Sustainable Allocation Fund* is December 19, 2019. The ex-dividend and reinvestment date is December 20, 2019. The payment date is December 23, 2019.

The record date for distributions for the Pax Sustainable Allocation Fund is December 26, 2019. The ex-dividend and reinvestment date is December 27, 2019. The payment date is December 30, 2019.

FUND NAME	TICKER	ORDINARY INCOME	SHORT TERM CAPITAL GAIN RATE	LONG TERM CAPITAL GAIN RATE	TOTAL CAPITAL GAIN RATE
Pax Large Cap Fund - Investor Class	PAXLX	0.031520	0.03495	0.26006	0.29501
Pax Large Cap Fund - Institutional Class	PXLIX	0.043167	0.03495	0.26006	0.29501

Pax Small Cap Fund - Investor Class	PXSCX	None	None	None	None
Pax Small Cap Fund - Institutional Class	PXSIX	None	None	None	None
Pax Small Cap Fund - Class A	PXSAX	None	None	None	None

Pax US Sustainable Economy Fund* - Investor Class	PXWGX	0.129431	None	0.43756	0.43756
Pax US Sustainable Economy Fund* - Institutional Class	PWGIX	0.157330	None	0.43756	0.43756
Pax US Sustainable Economy Fund* - Class A	PXGAX	0.129781	None	0.43756	0.43756

Pax Global Sustainable Infrastructure Fund* - Investor Class	PAXDX	0.131870	None	0.35244	0.35244
Pax Global Sustainable Infrastructure Fund* - Institutional Class	PXDIX	0.147810	None	0.35244	0.35244

Pax Global Opportunities Fund - Investor Class	PAXGX	0.000897	0.08896	0.09261	0.18157
Pax Global Opportunities Fund - Institutional Class	PXGOX	0.013802	0.08896	0.09261	0.18157

Pax Global Environmental Markets Fund - Investor Class	PGRNX	0.025114	None	None	None
Pax Global Environmental Markets Fund - Institutional Class	PGINX	0.044658	None	None	None
Pax Global Environmental Markets Fund - Class A	PXEAX	0.023434	None	None	None

Pax Ellevate Global Women's Leadership Fund - Investor Class	PXWEX	0.139854	None	0.37567	0.37567
Pax Ellevate Global Women's Leadership Fund - Institutional Class	PXWIX	0.174114	None	0.37567	0.37567

Pax International Sustainable Economy Fund* - Investor Class	PXINX	0.068144	None	None	None
Pax International Sustainable Economy Fund* - Institutional Class	PXNIX	0.080265	None	None	None

Pax Core Bond Fund - Investor Class	PAXBX	N/A	None	None	None
Pax Core Bond Fund - Institutional Class	PXBIX	N/A	None	None	None

Pax High Yield Bond Fund - Investor Class	PAXHX	N/A	None	None	None
Pax High Yield Bond Fund - Institutional Class	PXHIX	N/A	None	None	None
Pax High Yield Bond Fund - Class A	PXHAX	N/A	None	None	None

Pax Sustainable Allocation Fund - Investor Class	PAXWX	0.081561	0.17600	1.62404	1.80004
Pax Sustainable Allocation Fund - Institutional Class	PAXIX	0.112814	0.17600	1.62404	1.80004

June 2019 Fund Distributions

The record date for distributions for all Funds excluding the Pax Sustainable Allocation Fund is June 19, 2019. The ex-dividend and reinvestment date is June 20, 2019. The payment date is June 21, 2019.

The record date for distributions for the Pax Sustainable Allocation Fund is June 25, 2019. The ex-dividend and reinvestment date is June 26, 2019. The payment date is June 27, 2019.

Fund Name	Ticker	Ordinary Income
Pax Large Cap Fund - Investor Class	PAXLX	0.035701
Pax Large Cap Fund - Institutional Class	PXLIX	0.046373

Pax Small Cap Fund - Investor Class	PXSCX	0.130041
Pax Small Cap Fund - Institutional Class	PXSIX	0.147041
Pax Small Cap Fund - Class A	PXSAX	0.130649

Pax US Sustainable Economy Fund* - Investor Class	PXWGX	0.153434
Pax US Sustainable Economy Fund* - Institutional Class	PWGIX	0.176033
Pax US Sustainable Economy Fund* - Class A	PXGAX	0.153380

Pax Global Sustainable Infrastructure Fund* - Investor Class	PAXDX	0.114718
Pax Global Sustainable Infrastructure Fund* - Institutional Class	PXDIX	0.128003

Pax Global Opportunities Fund - Investor Class	PAXGX	0.030547
Pax Global Opportunities Fund - Institutional Class	PXGOX	0.037206

Pax Global Environmental Markets Fund - Investor Class	PGRNX	0.083980
Pax Global Environmental Markets Fund - Institutional Class	PGINX	0.101171
Pax Global Environmental Markets Fund - Class A	PXEAX	0.082580

Pax Ellevate Global Women's Leadership Fund - Investor Class	PXWEX	0.301292
Pax Ellevate Global Women's Leadership Fund - Institutional Class	PXWIX	0.329275

Pax International Sustainable Economy Fund* - Investor Class	PXINX	0.150469
Pax International Sustainable Economy Fund* - Institutional Class	PXNIX	0.160827

Pax Core Bond Fund - Investor Class	PAXBX	N/A
Pax Core Bond Fund - Institutional Class	PXBIX	N/A

Pax High Yield Bond Fund - Investor Class	PAXHX	N/A
Pax High Yield Bond Fund - Institutional Class	PXHIX	N/A
Pax High Yield Bond Fund - Class A	PXHAX	N/A

Pax Sustainable Allocation Fund - Investor Class	PAXWX	0.291219
Pax Sustainable Allocation Fund - Institutional Class	PAXIX	0.319076

On May 7, 2019, the Funds’ Board of Trustees voted to liquidate the assets of Pax Mid Cap Fund, effective July 15, 2019. Historical information for the Pax Mid Cap Fund can be found on our Inactive Fund Information page.

December 2018 Fund Distributions

The record date for distributions for all Funds excluding the Pax Sustainable Allocation Fund is December 19, 2018. The ex-dividend and reinvestment date is December 20, 2018. The payment date is December 21, 2018.

The record date for distributions for the Pax Sustainable Allocation Fund is December 26, 2018. The ex-dividend and reinvestment date is December 27, 2018. The payment date is December 28, 2018.

Fund Name	Ticker	ORDINARY INCOME	SHORT TERM CAPITAL GAIN RATE	LONG TERM CAPITAL GAIN RATE	TOTAL CAPITAL GAIN RATE
Pax Large Cap Fund - Investor Class	PAXLX	0.042541	0.18852	1.76693	1.95545
Pax Large Cap Fund - Institutional Class	PXLIX	0.054209	0.18852	1.76693	1.95545

Pax Small Cap Fund - Investor Class	PXSCX	0.003378	0.20892	1.55585	1.76477
Pax Small Cap Fund - Institutional Class	PXSIX	0.029376	0.20892	1.55585	1.76477
Pax Small Cap Fund - Class A	PXSAX	0.005303	0.20892	1.55585	1.76477

Pax US Sustainable Economy Fund* - Investor Class	PXWGX	0.174615	None	1.06663	1.06663
Pax US Sustainable Economy Fund* - Institutional Class	PWGIX	0.202062	None	1.06663	1.06663
Pax US Sustainable Economy Fund* - Class A	PXGAX	0.175234	None	1.06663	1.06663

Pax Global Sustainable Infrastructure Fund* - Investor Class	PAXDX	0.125218	None	0.13438	0.13438
Pax Global Sustainable Infrastructure Fund* - Institutional Class	PXDIX	0.137963	None	0.13438	0.13438

Pax Global Opportunities Fund - Investor Class	PAXGX	None	None	None	None
Pax Global Opportunities Fund - Institutional Class	PXGOX	None	None	None	None

Pax Global Environmental Markets Fund - Investor Class	PGRNX	0.023671	0.13190	0.27552	0.40742
Pax Global Environmental Markets Fund - Institutional Class	PGINX	0.044202	0.13190	0.27552	0.40742
Pax Global Environmental Markets Fund - Class A	PXEAX	0.022701	0.13190	0.27552	0.40742

Pax Ellevate Global Women's Index Fund - Investor Class	PXWEX	0.164975	0.30703	0.33451	0.64154
Pax Ellevate Global Women's Index Fund - Institutional Class	PXWIX	0.198080	0.30703	0.33451	0.64154

Pax International Sustainable Economy Fund* - Investor Class	PXINX	0.042336	None	None	None
Pax International Sustainable Economy Fund* - Institutional Class	PXNIX	0.054709	None	None	None

Pax Core Bond Fund - Investor Class	PAXBX	N/A	None	None	None
Pax Core Bond Fund - Institutional Class	PXBIX	N/A	None	None	None

Pax High Yield Bond Fund - Investor Class	PAXHX	N/A	None	None	None
Pax High Yield Bond Fund - Institutional Class	PXHIX	N/A	None	None	None
Pax High Yield Bond Fund - Class A	PXHAX	N/A	None	None	None

Pax Sustainable Allocation Fund - Investor Class	PAXWX	0.068432	0.06493	0.08035	0.14528
Pax Sustainable Allocation Fund - Institutional Class	PAXIX	0.098867	0.06493	0.08035	0.14528

June 2018 Fund Distributions

The record date for distributions for all Funds excluding the Pax Sustainable Allocation Fund is June 20, 2018. The ex-dividend and reinvestment date is June 21, 2018. The payment date is June 22, 2018.

The record date for distributions for the Pax Sustainable Allocation Fund is June 25, 2018. The ex-dividend and reinvestment date is June 26, 2018. The payment date is June 27, 2018.

Ordinary Income distributions are provided below; the Funds did not distribute Capital Gains in June 2018.

Fund Name	Ticker	ORDINARY INCOME
Pax Large Cap Fund - Investor Class	PAXLX	0.030090
Pax Large Cap Fund - Institutional Class	PXLIX	0.041594

Pax Small Cap Fund - Investor Class	PXSCX	None
Pax Small Cap Fund - Institutional Class	PXSIX	None
Pax Small Cap Fund - Class A	PXSAX	None

Pax US Sustainable Economy Fund* - Investor Class	PXWGX	0.143980
Pax US Sustainable Economy Fund* - Institutional Class	PWGIX	0.168116
Pax US Sustainable Economy Fund* - Class A	PXGAX	0.144496

Pax Global Sustainable Infrastructure Fund* - Investor Class	PAXDX	0.118444
Pax Global Sustainable Infrastructure Fund* - Institutional Class	PXDIX	0.128131

Pax International Sustainable Economy Fund* - Investor Class	PXINX	0.153256
Pax International Sustainable Economy Fund* - Institutional Class	PXNIX	0.166482

Pax Ellevate Global Women's Leadership Fund - Investor Class	PXWEX	0.271414
Pax Ellevate Global Women's Leadership Fund - Institutional Class	PXWIX	0.299310

Pax Global Environmental Markets Fund - Investor Class	PGRNX	0.098015
Pax Global Environmental Markets Fund - Institutional Class	PGINX	0.117150
Pax Global Environmental Markets Fund - Class A	PXEAX	0.099434

Pax Sustainable Allocation Fund - Investor Class	PAXWX	0.398916
Pax Sustainable Allocation Fund - Institutional Class	PAXIX	0.427136

December 2017 Fund Distributions

The record date for distributions for all Funds excluding the Pax Sustainable Allocation Fund is December 20, 2017. The ex-dividend and reinvestment date is December 21, 2017. The payment date is December 22, 2017.

The record date for distributions for the Pax Sustainable Allocation Fund is December 26, 2017. The ex-dividend and reinvestment date is December 27, 2017. The payment date is December 28, 2017.

Fund Name	Ticker	ORDINARY INCOME	SHORT TERM CAPITAL GAIN RATE	LONG TERM CAPITAL GAIN RATE	TOTAL CAP GAIN RATE
Pax Large Cap Fund Investor	PAXLX	0.054092	0.23896	0.99595	1.23491
Pax Large Cap Fund Institutional	PXLIX	0.065138	0.23896	0.99595	1.23491

Pax Small Cap Investor	PXSCX	None	None	0.06098	0.06098
Pax Small Cap Institutional	PXSIX	0.018252	None	0.06098	0.06098
Pax Small Cap - Class A	PXSAX	None	None	0.06098	0.06098

*Pax US Sustainable Economy Fund Investor**	PXWGX	0.105773	0.03233	0.58772	0.62005
*Pax US Sustainable Economy Fund Institutional**	PWGIX	0.131803	0.03233	0.58772	0.62005
*Pax US Sustainable Economy Fund - Class A**	PXGAX	0.104187	0.03233	0.58772	0.62005

*Pax Global Sustainable Infrastructure Fund Investor**	PAXDX	0.119456	None	0.01775	0.01775
*Pax Global Sustainable Infrastructure Fund Institutional**	PXDIX	0.132045	None	0.01775	0.01775

*Pax International Sustainable Economy Fund Investor**	PXINX	0.075901	None	None	None
*Pax International Sustainable Economy Fund Institutional**	PXNIX	0.088465	None	None	None

Pax Ellevate Global Women's Leadership Fund Investor	PXWEX	0.141708	0.13857	0.10389	0.24246
Pax Ellevate Global Women's Leadership Fund Institutional	PXWIX	0.174392	0.13857	0.10389	0.24246

Pax Global Environmental Markets Investor	PGRNX	0.003646	0.02408	0.44200	0.46608
Pax Global Environmental Markets Institutional	PGINX	0.024868	0.02408	0.44200	0.46608
Pax Global Environmental Markets - Class A	PXEAX	0.002056	0.02408	0.44200	0.46608

Pax Core Bond Fund Investor	PAXBX	N/A	None	0.01479	0.01479
Pax Core Bond Fund Institutional	PXBIX	N/A	None	0.01479	0.01479

Pax High Yield Bond Fund Investor	PAXHX	N/A	None	None	None
Pax High Yield Bond Fund Institutional	PXHIX	N/A	None	None	None
Pax High Yield Bond Fund - Class A	PXHAX	N/A	None	None	None

Pax Sustainable Allocation Fund Investor	PAXWX	None	None	None	None
Pax Sustainable Allocation Fund Institutional	PAXIX	None	None	None	None

June 2017 Fund Distributions

The record date for distributions for all Funds is June 21, 2017. The ex-dividend and reinvestment date is June 22, 2017. The payment date is June 23, 2017.

Fund Name	Ticker	ORDINARY INCOME	SHORT TERM CAPITAL GAIN RATE	LONG TERM CAPITAL GAIN RATE	TOTAL CAPITAL GAIN RATE
Pax Large Cap Fund Investor	PAXLX	0.037489	0.00193	0.06333	0.06526
Pax Large Cap Fund Institutional	PXLIX	0.044974	0.00193	0.06333	0.06526

Pax Small Cap Investor	PXSCX	0.020916	0.16455	0.01011	0.17466
Pax Small Cap Institutional	PXSIX	0.039857	0.16455	0.01011	0.17466
Pax Small Cap - Class A	PXSAX	0.021762	0.16455	0.01011	0.17466

*Pax US Sustainable Economy Fund Investor**	PXWGX	0.121552	None	0.04463	0.04463
*Pax US Sustainable Economy Fund Institutional**	PWGIX	0.144320	None	0.04463	0.04463
*Pax US Sustainable Economy Fund - Class A**	PXGAX	0.124841	None	0.04463	0.04463

*Pax Global Sustainable Infrastructure Fund Investor**	PAXDX	0.107719	None	0.00014	0.00014
*Pax Global Sustainable Infrastructure Fund Institutional**	PXDIX	0.114377	None	0.00014	0.00014

*Pax International Sustainable Economy Fund Investor**	PXINX	0.135187	None	None	None
*Pax International Sustainable Economy Fund Institutional**	PXNIX	0.144676	None	None	None

Pax Ellevate Global Women's Leadership Fund Investor	PXWEX	0.222630	0.01733	None	0.01733
Pax Ellevate Global Women's Leadership Fund Institutional	PXWIX	0.247723	0.01733	None	0.01733

Pax Global Environmental Markets Investor	PGRNX	0.050473	None	None	None
Pax Global Environmental Markets Institutional	PGINX	0.066732	None	None	None
Pax Global Environmental Markets - Class A	PXEAX	0.050724	None	None	None

Pax Core Bond Fund Investor	PAXBX	None	None	None	None
Pax Core Bond Fund Institutional	PXBIX	None	None	None	None

Pax High Yield Bond Fund Investor	PAXHX	None	None	None	None
Pax High Yield Bond Fund Institutional	PXHIX	None	None	None	None
Pax High Yield Bond Fund - Class A	PXHAX	None	None	None	None

Pax Sustainable Allocation Fund Investor	PAXWX	0.142991	0.27846	2.04910	2.32756
Pax Sustainable Allocation Fund Institutional	PAXIX	0.173584	0.27846	2.04910	2.32756

December 2016 Fund Distributions

The record date for distributions for all Funds is December 21, 2016. The ex-dividend and reinvestment date is December 22, 2016. The payment date is December 23, 2016.

Fund Name	TICKER	ORDINARY INCOME	SHORT TERM CAPITAL GAIN RATE	LONG TERM CAPITAL GAIN RATE	TOTAL CAPITAL GAIN RATE
Pax Sustainable Allocation Fund - Investor	PAXWX	0.09787	None	0.24313	0.24313
Pax Sustainable Allocation Fund - Institutional	PAXIX	0.130416	None	0.24313	0.24313
Pax Sustainable Allocation Fund - Class R	PAXRX	0.065049	None	0.24313	0.24313

*Pax US Sustainable Economy Fund - Investor**	PXWGX	0.123632	None	1.57931	1.57931
*Pax US Sustainable Economy Fund - Institutional**	PWGIX	0.149938	None	1.57931	1.57931
*Pax US Sustainable Economy Fund - Class R**	PXGRX	0.101426	None	1.57931	1.57931
*Pax US Sustainable Economy Fund - Class A**	PXGAX	0.127132	None	1.57931	1.57931

Pax High Yield Bond Fund - Investor	PAXHX	N/A	None	None	None
Pax High Yield Bond Fund - Institutional	PXHIX	N/A	None	None	None
Pax High Yield Bond Fund - Class R	PXHRX	N/A	None	None	None
Pax High Yield Bond Fund - Class A	PXHAX	N/A	None	None	None

Pax Ellevate Global Women's Leadership Fund - Investor	PXWEX	0.148547	None	None	None
Pax Ellevate Global Women's Leadership Fund - Institutional	PXWIX	0.177748	None	None	None

Pax Small Cap Fund - Investor	PXSCX	0.104518	0.18321	0.05547	0.23868
Pax Small Cap Fund - Institutional	PXSIX	0.125087	0.18321	0.05547	0.23868
Pax Small Cap Fund - Class R	PXSRX	0.086308	0.18321	0.05547	0.23868
Pax Small Cap Fund - Class A	PXSAX	0.104812	0.18321	0.05547	0.23868

Pax Global Environmental Markets Fund - Investor	PGRNX	0.02519	None	None	None
Pax Global Environmental Markets Fund - Institutional	PGINX	0.043671	None	None	None
Pax Global Environmental Markets Fund - Class R	PGRGX	0.0078	None	None	None
Pax Global Environmental Markets Fund - Class A	PXEAX	0.023536	None	None	None

*Pax International Sustainable Economy Fund - Investor**	PXINX	0.058017	None	None	None
*Pax International Sustainable Economy Fund - Institutional**	PXNIX	0.06898	None	None	None
*Pax International Sustainable Economy Fund - Class R**	PXIRX	0.051054	None	None	None

*Pax Global Sustainable Infrastructure Fund - Investor**	PAXDX	0.011444	None	None	None
*Pax Global Sustainable Infrastructure Fund - Institutional**	PXDIX	0.011444	None	None	None

Pax Core Bond Fund - Investor	PAXBX	N/A	None	None	None
Pax Core Bond Fund - Institutional	PXBIX	N/A	None	None	None

Pax Large Cap Fund - Investor	PAXLX	0.00674	None	None	None
Pax Large Cap Fund - Institutional	PXLIX	0.00674	None	None	None

June 2016 Fund Distributions

The record date for distributions for all Funds is June 21, 2016. The ex-dividend and reinvestment date is June 22, 2016. The payment date is June 23, 2016.

Fund Name	TICKER	ORDINARY INCOME	SHORT TERM CAPITAL GAIN RATE	LONG TERM CAPITAL GAIN RATE
Pax Sustainable Allocation Fund - Investor	PAXWX	$0.19	None	$0.14
Pax Sustainable Allocation Fund - Institutional	PAXIX	$0.22	None	$0.14
Pax Sustainable Allocation Fund - Class R	PAXRX	$0.17	None	$0.14

Pax US Sustainable Economy Fund* - Investor	PXWGX	$0.04	None	$0.02
Pax US Sustainable Economy Fund* - Institutional	PWGIX	$0.06	None	$0.02
Pax US Sustainable Economy Fund* Class R	PXGRX	$0.02	None	$0.02
Pax US Sustainable Economy Fund* A-Shares	PXGAX	$0.04	None	$0.02

Pax Mid Cap Fund - Investor	PWMDX	$0.01	None	None
Pax Mid Cap Fund - Institutional	PMIDX	$0.01	None	None

Pax High Yield Bond Fund - Investor	PAXHX	N/A	None	None
Pax High Yield Bond - Institutional	PXHIX	N/A	None	None
Pax High Yield Bond Fund - Class R	PXHRX	N/A	None	None
Pax High Yield Bond Fund - Class A	PXHAX	N/A	None	None

Pax Small Cap Fund - Investor	PXSCX	None	$0.00	None
Pax Small Cap Fund - Institutional	PXSIX	$0.01	$0.00	None
Pax Small Cap Fund - Class R	PXSRX	None	$0.00	None
Pax Small Cap Fund - Class A	PXSAX	None	$0.00	None

Pax Global Environmental Markets Fund - Investor	PGRNX	$0.04	None	None
Pax Global Environmental Markets Fund - Institutional	PGINX	$0.06	None	None
Pax Global Environmental Markets Fund - Class R	PGRGX	$0.03	None	None
Pax Global Environmental Markets Fund - Class A	PXEAX	$0.04	None	None

Pax International Sustainable Economy Fund* - Investor	PXINX	$0.13	None	None
Pax International Sustainable Economy Fund* - Institutional	PXNIX	$0.14	None	None
Pax International Sustainable Economy Fund* - Class R	PXIRX	$0.12	None	None

Pax Ellevate Global Women's Leadership Fund - Investor	PXWEX	$0.22	None	None
Pax Ellevate Global Women's Leadership Fund - Institutional	PXWIX	$0.24	None	None

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