Bloomberg – The Pax Global Opportunities Fund is mentioned in this article about fossil-fuel free options for environmentally conscious investors. 

The annualized return for Pax Global Opportunities Fund – Investor Class (PAXGX) as of 12/31/2021 were: 1 year: 11.48%, 3 year: 18.79% and since inception (6/27//2018) 14.96%. The annualized return for Pax Global Opportunities Fund – Institutional Class (PXGOX) were: 1 year: 11.76%, 3 year: 19.07% and since inception (6/27/2018): 15.19%.

Performance data quoted represent past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For most recent month-end performance information, visit

The top 10 holdings of the Pax Global Opportunities Fund as of 12/31/2021 are as follows: Microsoft Corp. 4.1%; Linde PLC 3.8%; IQVIA Holdings, Inc. 3.8%; MasterCard, Inc., Class A 3.5%; Thermo Fisher Scientific, Inc. 3.2%; HDFC Bank, Ltd. 3.1%; Lonza Group AG 3%; Analog Devices, Inc. 3%; Taiwan Semiconductor Manufacturing Co, Ltd. 3%; Ecolab, Inc. 3%.

Holdings are subject to change. 

Pax World Funds are distributed by Foreside Financial Services, LLC. Foreside Financial Services, LLC is not affiliated with Impax Asset Management LLC. 

Performance data quoted represent past performance, which does not guarantee future results. You should always consider Pax World Funds’ investment objectives, risks, and charges and expenses carefully before investing. For this and other important information, please download a fund prospectus. Please read it carefully before investing. 


Investments involve risk, including potential loss of principal. 

Equity investments are subject to market fluctuations, the fund’s share price can fall because of weakness in the broad market, a particular industry, or specific holdings.  

Emerging market and international investments involve risk of capital loss from unfavorable fluctuations in currency values, differences in generally accepted accounting principles, economic or political instability in other nations or increased volatility and lower trading volume. 

The Fund is actively managed. The investment techniques and decisions of the investment adviser and the Fund’s portfolio manager(s), including the investment adviser’s assessment of a company’s ESG (Environmental, Social and Governance) profile when selecting investments for the Fund, may not produce the desired results and may adversely impact the Fund’s performance, including relative to other Funds that do not consider ESG factors or come to different conclusions regarding such factors. 

About Expenses

Total annual Pax Global Opportunities Fund operating expenses for Investor Class (PAXGX) are 1.56% as of the 5/1/2021 prospectus.

The Global Opportunities Fund’s investment adviser has contractually agreed to reimburse expenses (other than interest, commissions, taxes, extraordinary expenses and Acquired Fund Fees and Expenses, if any) allocable to Institutional Class and Investor Class shares of the Global Opportunities Fund to the extent such expenses exceed 0.98% and 1.23% of the average daily net assets of Institutional Class and Investor Class shares, respectively. This reimbursement arrangement may not be amended or terminated without the approval of the Fund’s Board of Trustees before December 31, 2022.

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