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JUDY MAY JOINS PAX WORLD AS SENIOR VICE PRESIDENT OF MARKETING PORTSMOUTH, N.H.///January 4, 2013/// Pax World Management LLC, investment adviser to Pax World Funds (Pax World) and a leader in the field of Sustainable Investing, announced today that Judy May has joined the company as Senior Vice President of Marketing. Ms. May will be responsible for expanding and improving Pax World’s existing marketing efforts, and cultivating new opportunities for growth. “Judy is a highly respected marketing leader with deep experience in the financial services industry, and we are very excited that she is joining our team,” says Pax World President and CEO Joe Keefe. “She will play a critical role in Pax World’s distribution efforts, and in particular our communications initiatives within and across multiple intermediary channels.” Ms. May joins Pax World with almost two decades of experience in marketing and communications. Most recently she served as a Director of Marketing for Eaton Vance, where she was responsible for strategy and project management for Eaton Vance’s retail marketing initiatives. She had previously held marketing positions with other investment firms, including Tucker Anthony and Freedom Capital Management. Prior to entering the investment sector, she worked for Inc. Magazine and also served in the Peace Corps in West Africa. Ms. May earned an A.B. in Government from Bowdoin College and an M.B.A. from Babson College. About Pax World Management LLC Pax World Management LLC, the investment adviser to Pax World Funds, is a recognized leader in Sustainable Investing, the full integration of Environmental, Social and Governance (ESG) factors into investment analysis and decision making. Pax World launched the financial industry’s first socially responsible mutual fund in 1971. Today, Pax World offers a comprehensive platform of Sustainable Investing solutions including Pax World Funds, a family of no-load mutual funds; ESG Managers® Portfolios, multi-manager asset allocation funds powered by Morningstar Associates; and ESG Shares®, the first family of ETFs devoted exclusively to a Sustainable Investing approach. For more information, visitwww.paxworld.com. You should consider a fund's investment objectives, risks and charges and expenses carefully before investing. For this and other important information, please obtain a fund prospectus by calling 800.767.1729 or visiting www.paxworld.com. Please read it carefully before investing. Distributed by ALPS Distributors, Inc., Member: FINRA. Investments involve risk, including potential loss of principal. Separately managed accounts and related advisory services are provided by Pax World Management LLC, a federally registered investment adviser. ALPS Distributors, Inc. and Morningstar Associates, LLC is not the distributor for Pax World's separately managed accounts.