What specific roles do Pax World Management and Morningstar Associates play in ESG Managers^® Portfolios?

Pax World is the investment adviser to ESG Managers^® Portfolios. Its responsibilities include subadviser oversight, fund administration and distribution. Morningstar Associates' ongoing responsibilities include asset allocation, manager selection, portfolio construction, ongoing maintenance and due diligence.

How were the investment managers chosen?

They were selected by Morningstar Associates from the universe of investment managers who follow a Sustainable Investing approach - combining financial analysis with environmental, social and governance (ESG) analysis. Morningstar Associates applied its proven skills and rigorous analysis to produce a small, select list of managers representing some of the best known and most experienced managers in the Sustainable Investing landscape.

Do all the managers use the same ESG criteria?

No, while each of the managers has substantial experience in the field of Sustainable Investing, they vary in their approaches to incorporating ESG criteria. For example, some managers may focus more closely on one set of ESG factors, like environmental factors. By bringing this diverse group of managers with various ESG approaches under one roof, ESG Managers^® Portfolios give investors exposure to a variety of ESG approaches, which enhances the overall diversification of the funds.

Are ESG Managers^® Portfolios available to individual investors?

Yes, but not directly. They can only be purchased through financial advisors. For more information, call 877.374.7678.

Past performance does not guarantee future results.