ESG Shares are new and have limited operating history. You should consider ESG Shares' investment objectives, risks, and charges and expenses carefully before investing. For this and other important information, please obtain a fund prospectus by calling 888.729.3863 or clicking here. Please read it carefully before investing.

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. Investing in non-diversified funds generally will be more volatile and loss of principal could be greater than investing in more diversified funds. 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 funds described herein are indexed to an MSCI index. The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based.

“FTSE®” is a trade mark of the London Stock Exchange plc and The Financial Times Limited and is used by FTSE International Limited (“FTSE”) under license. The FTSE ET50 Index (ET50) (the “Indexes”) is calculated by FTSE or its agent. Impax Asset Management provides the environmental, social and governance research and participates in the implementation of the selection criteria for the ET50. Neither FTSE nor its licensors, endorse or promote this product and are not in any way connected to it and do not accept any liability in relation to its issue, operation and trading.

All intellectual property rights in the index values and constituent lists vest in MSCI and FTSE. Pax World Management LLC has obtained full license from MSCI and FTSE to use such intellectual property rights in the creation of this product.

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