0001104659-13-074596.txt : 20131008 0001104659-13-074596.hdr.sgml : 20131008 20131008140307 ACCESSION NUMBER: 0001104659-13-074596 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20131008 DATE AS OF CHANGE: 20131008 EFFECTIVENESS DATE: 20131008 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PAX WORLD FUNDS SERIES TRUST I CENTRAL INDEX KEY: 0000076721 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-38679 FILM NUMBER: 131140964 BUSINESS ADDRESS: STREET 1: 30 PENHALLOW STREET, SUITE 400 CITY: PORTSMOUTH STATE: NH ZIP: 03801-3852 BUSINESS PHONE: 800-767-1729 MAIL ADDRESS: STREET 1: 30 PENHALLOW STREET, SUITE 400 CITY: PORTSMOUTH STATE: NH ZIP: 03801-3852 FORMER COMPANY: FORMER CONFORMED NAME: PAX WORLD BALANCED FUND DATE OF NAME CHANGE: 20061113 FORMER COMPANY: FORMER CONFORMED NAME: PAX WORLD BALANCED FUND INC DATE OF NAME CHANGE: 20040624 FORMER COMPANY: FORMER CONFORMED NAME: PAX WORLD FUND INC DATE OF NAME CHANGE: 19920703 0000076721 S000027263 ESG Managers Growth Portfolio C000082278 Class A PAGAX C000082279 Class C PAGCX C000082280 Institutional Class PAGIX 0000076721 S000027264 ESG Managers Income Portfolio C000082281 Class A PWMAX C000082282 Class C PWMCX C000082283 Institutional Class PWMIX 0000076721 S000027265 ESG Managers Growth and Income Portfolio C000082284 Class A PGPAX C000082285 Class C PWCCX C000082286 Institutional Class PMIIX 0000076721 S000027266 ESG Managers Balanced Portfolio C000082287 Class A PMPAX C000082288 Class C PWPCX C000082289 Institutional Class PWPIX 497 1 a13-21225_2497.htm 497

 

EXPLANATORY NOTE

 

Incorporated herein by reference is a supplement  to the Pax World Funds Series Trust I prospectus for Pax World ESG Managers Growth Portfolio, ESG Managers Income Portfolio, ESG Managers Growth and Income Portfolio, and ESG Managers Balanced Portfolio filed pursuant to Rule 497(e) under the Securities Act of 1933, as amended, on September 26, 2013 (SEC Accession No. 0001104659-13-072395).

 


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This fee is blended, applying the reduced 0.45% management fee to the portion of fund assets allocated to mutual funds or ETFs, and applying previously existing management fees to the portion of fund assets managed directly by Sleeve Subadvisers. Restated to reflect cost savings that will result from contractual changes effective October 1, 2013, including contractual reductions in custody and fund accounting service fees. Acquired Fund Fees and Expenses represent expenses indirectly borne by the Fund through its investment in other investment companies. The Adviser has agreed contractually to reimburse a portion of the Fund's expenses so that the Fund's Other Expenses (excluding management fees, distribution and service fees, interest, taxes, certain securities lending costs, brokerage commissions, extraordinary expenses and Acquired Fund Fees and Expenses other than those attributable to advisory fees indirectly borne by the Fund through its investment in funds (other than ETFs) advised by the Adviser), as a percentage of its average net assets, do not exceed 0.39% on an annualized basis. This reimbursement arrangement will continue in effect until at least December 31, 2015 unless modified or terminated by the Fund's Trustees. The Adviser has agreed contractually to reimburse a portion of the Fund's expenses so that the Fund's Other Expenses (excluding management fees, distribution and service fees, interest, taxes, certain securities lending costs, brokerage commissions, extraordinary expenses and Acquired Fund Fees and Expenses other than those attributable to advisory fees indirectly borne by the Fund through its investment in funds (other than ETFs) advised by the Adviser), as a percentage of its average net assets, do not exceed 0.34% on an annualized basis. This reimbursement arrangement will continue in effect until at least December 31, 2015 unless modified or terminated by the Fund's Trustees. The Adviser has agreed contractually to reimburse a portion of the Fund's expenses so that the Fund's Other Expenses (excluding management fees, distribution and service fees, interest, taxes, certain securities lending costs, brokerage commissions, extraordinary expenses and Acquired Fund Fees and Expenses other than those attributable to advisory fees indirectly borne by the Fund through its investment in funds (other than ETFs) advised by the Adviser), as a percentage of its average net assets, do not exceed 0.29% on an annualized basis. This reimbursement arrangement will continue in effect until at least December 31, 2015 unless modified or terminated by the Fund's Trustees. The Adviser has agreed contractually to reimburse a portion of the Fund's expenses so that the Fund's Other Expenses (excluding management fees, distribution and service fees, interest, taxes, certain securities lending costs, brokerage commissions, extraordinary expenses and Acquired Fund Fees and Expenses other than those attributable to advisory fees indirectly borne by the Fund through its investment in funds (other than ETFs) advised by the Adviser), as a percentage of its average net assets, do not exceed 0.24% on an annualized basis. This reimbursement arrangement will continue in effect until at least December 31, 2015 unless modified or terminated by the Fund's Trustees. 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The table also assumes that the investment has a 5% return each year, that all dividends and distributions are reinvested and that the Class&#8217;s operating expenses remain the same throughout those periods. Although an investor&#8217;s actual expenses may be higher or lower than those shown in the table, based on these assumptions his or her expenses would be:</font> </p> 715 1219 1904 3720 150 632 1308 3116 250 932 1796 4030 350 932 1796 4030 ~ http://pax.com/20130926/role/ScheduleExpenseExampleTransposed20002 column dei_LegalEntityAxis compact ck0000076721_S000027263Member row primary compact * ~ ~ http://pax.com/20130926/role/ScheduleExpenseExampleNoRedemptionTransposed20003 column dei_LegalEntityAxis compact ck0000076721_S000027263Member row primary compact * ~ ESG Managers Growth and Income Portfolio PGPAX PWCCX PMIIX <p style="margin: 0in 0in .0001pt; text-align: center;" align="center"> <strong><font style="font-size: small; font-weight: bold; font-family: Times New Roman;">Pax World Funds Series&#160;Trust I</font></strong> </p> <br/><p style="margin: 0in 0in .0001pt; text-align: center;" align="center"> <strong><font style="font-size: small; font-weight: bold; font-family: Times New Roman;">ESG Managers Asset Allocation Portfolios</font></strong> </p> <br/><p style="margin: 0in 0in .0001pt; text-align: center;" align="center"> <font style="font-size: small; font-family: Times New Roman;">Supplement Dated September&#160;26, 2013</font> </p> <br/><p style="margin: 0in 0in .0001pt; text-align: center;" align="center"> <font style="font-size: small; font-family: Times New Roman;">to the</font> </p> <br/><p style="margin: 0in 0in .0001pt; text-align: center;" align="center"> <font style="font-size: small; font-family: Times New Roman;">Prospectus</font> </p> <br/><p style="margin: 0in 0in .0001pt; text-align: center;" align="center"> <font style="font-size: small; font-family: Times New Roman;">Dated May&#160;1, 2013</font> </p> <p style="margin: 0in 0in .0001pt;"> <font style="font-size: small; font-family: Times New Roman;">Beginning October&#160;1, 2013, the ESG Managers Portfolios plan to invest primarily through mutual funds and/or exchange-traded funds (&#8220;ETFs&#8221;).&#160; Pax World Management LLC has agreed, effective October&#160;1, 2013, to reduce the management fees it is paid by each ESG Managers Portfolio with respect to the portion of assets invested in mutual funds and/or ETFs to an annual rate of 0.45% of the Fund&#8217;s average daily net assets that are so invested.</font> </p> <br/><p style="margin: 0in 0in .0001pt;"> <font style="font-size: small; font-family: Times New Roman;">Accordingly, effective October&#160;1, 2013, the tables entitled &#8220;Annual Fund Operating Expenses (Expenses You Pay Each Year as a Percentage of the Value of Your Investment)&#8221; and &#8220;Example of Expenses&#8221; for each of the ESG Managers Portfolios are deleted in their entirety and replaced with the following:</font> </p> 0.0050 0.0050 0.0050 0.0025 0.0000 0.0100 0.0223 0.0223 0.0223 0.0069 0.0069 0.0069 0.0367 0.0342 0.0442 -0.0199 -0.0199 -0.0199 0.0168 0.0143 0.0243 ~ http://pax.com/20130926/role/ScheduleAnnualFundOperatingExpenses20006 column dei_LegalEntityAxis compact ck0000076721_S000027265Member row primary compact * ~ 2015-12-31 Annual Fund Operating Expenses (Expenses You Pay Each Year as a Percentage of the Value of Your Investment) Example of Expenses <p style="margin:0in 0in .0001pt;"> <font size="2" style="font-size:10.0pt; font-family: Times New Roman;">The table below is intended to help an investor compare the cost of investing in shares of the Growth and Income Portfolio with the cost of investing in other mutual funds.</font> </p> <br/><p style="margin:0in 0in .0001pt;"> <font size="2" style="font-size:10.0pt; font-family: Times New Roman;">The table assumes that an investor invests $10,000 in shares of the applicable Class&#160;for the time periods indicated and then redeems all of his or her shares at the end of those periods. The table also assumes that the investment has a 5% return each year, that all dividends and distributions are reinvested and that the Class&#8217;s operating expenses remain the same throughout those periods. Although an investor&#8217;s actual expenses may be higher or lower than those shown in the table, based on these assumptions his or her expenses would be:</font> </p> 711 1251 2011 4002 146 666 1423 3423 246 965 1906 4306 346 965 1906 4306 ~ http://pax.com/20130926/role/ScheduleExpenseExampleTransposed20007 column dei_LegalEntityAxis compact ck0000076721_S000027265Member row primary compact * ~ ~ http://pax.com/20130926/role/ScheduleExpenseExampleNoRedemptionTransposed20008 column dei_LegalEntityAxis compact ck0000076721_S000027265Member row primary compact * ~ ESG Managers Balanced Portfolio PMPAX PWPCX PWPIX <p style="margin: 0in 0in .0001pt; text-align: center;" align="center"> <strong><font style="font-size: small; font-weight: bold; font-family: Times New Roman;">Pax World Funds Series&#160;Trust I</font></strong> </p> <br/><p style="margin: 0in 0in .0001pt; text-align: center;" align="center"> <strong><font style="font-size: small; font-weight: bold; font-family: Times New Roman;">ESG Managers Asset Allocation Portfolios</font></strong> </p> <br/><p style="margin: 0in 0in .0001pt; text-align: center;" align="center"> <font style="font-size: small; font-family: Times New Roman;">Supplement Dated September&#160;26, 2013</font> </p> <br/><p style="margin: 0in 0in .0001pt; text-align: center;" align="center"> <font style="font-size: small; font-family: Times New Roman;">to the</font> </p> <br/><p style="margin: 0in 0in .0001pt; text-align: center;" align="center"> <font style="font-size: small; font-family: Times New Roman;">Prospectus</font> </p> <br/><p style="margin: 0in 0in .0001pt; text-align: center;" align="center"> <font style="font-size: small; font-family: Times New Roman;">Dated May&#160;1, 2013</font> </p> <p style="margin: 0in 0in .0001pt;"> <font style="font-size: small; font-family: Times New Roman;">Beginning October&#160;1, 2013, the ESG Managers Portfolios plan to invest primarily through mutual funds and/or exchange-traded funds (&#8220;ETFs&#8221;).&#160; Pax World Management LLC has agreed, effective October&#160;1, 2013, to reduce the management fees it is paid by each ESG Managers Portfolio with respect to the portion of assets invested in mutual funds and/or ETFs to an annual rate of 0.45% of the Fund&#8217;s average daily net assets that are so invested.</font> </p> <br/><p style="margin: 0in 0in .0001pt;"> <font style="font-size: small; font-family: Times New Roman;">Accordingly, effective October&#160;1, 2013, the tables entitled &#8220;Annual Fund Operating Expenses (Expenses You Pay Each Year as a Percentage of the Value of Your Investment)&#8221; and &#8220;Example of Expenses&#8221; for each of the ESG Managers Portfolios are deleted in their entirety and replaced with the following:</font> </p> 0.0048 0.0048 0.0048 0.0025 0.0000 0.0100 0.0174 0.0174 0.0174 0.0064 0.0064 0.0064 0.0311 0.0286 0.0386 -0.0154 -0.0154 -0.0154 0.0157 0.0132 0.0232 ~ http://pax.com/20130926/role/ScheduleAnnualFundOperatingExpenses20011 column dei_LegalEntityAxis compact ck0000076721_S000027266Member row primary compact * ~ 2015-12-31 Annual Fund Operating Expenses (Expenses You Pay Each Year as a Percentage of the Value of Your Investment) Example of Expenses <p style="margin:0in 0in .0001pt;"> <font size="2" style="font-size:10.0pt; font-family: Times New Roman;">The table below is intended to help an investor compare the cost of investing in shares of the Balanced Portfolio with the cost of investing in other mutual funds.</font> </p> <br/><p style="margin:0in 0in .0001pt;"> <font size="2" style="font-size:10.0pt; font-family: Times New Roman;">The table assumes that an investor invests $10,000 in shares of the applicable Class&#160;for the time periods indicated and then redeems all of his or her shares at the end of those periods. The table also assumes that the investment has a 5% return each year, that all dividends and distributions are reinvested and that the Class&#8217;s operating expenses remain the same throughout those periods. 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ESG Managers Income Portfolio
ESG Managers Income Portfolio

Pax World Funds Series Trust I


ESG Managers Asset Allocation Portfolios


Supplement Dated September 26, 2013


to the


Prospectus


Dated May 1, 2013

Beginning October 1, 2013, the ESG Managers Portfolios plan to invest primarily through mutual funds and/or exchange-traded funds (“ETFs”).  Pax World Management LLC has agreed, effective October 1, 2013, to reduce the management fees it is paid by each ESG Managers Portfolio with respect to the portion of assets invested in mutual funds and/or ETFs to an annual rate of 0.45% of the Fund’s average daily net assets that are so invested.


Accordingly, effective October 1, 2013, the tables entitled “Annual Fund Operating Expenses (Expenses You Pay Each Year as a Percentage of the Value of Your Investment)” and “Example of Expenses” for each of the ESG Managers Portfolios are deleted in their entirety and replaced with the following:

Annual Fund Operating Expenses (Expenses You Pay Each Year as a Percentage of the Value of Your Investment)
Annual Fund Operating Expenses ESG Managers Income Portfolio
Class A
Institutional Class
Class C
Management Fees [1][2] 0.46% 0.46% 0.46%
Distribution and/or Service (Rule 12b-1) Fees 0.25% none 1.00%
Other Expenses [3] 3.01% 3.01% 3.01%
Acquired Fund Fees and Expenses [1][4] 0.57% 0.57% 0.57%
Total Annual Fund Operating Expenses 4.29% 4.04% 5.04%
Contractual Reimbursements [1][5] (2.82%) (2.82%) (2.82%)
Net Annual Fund Operating Expenses 1.47% 1.22% 2.22%
[1] Restated to give effect to contractual changes effective October 1, 2013, assuming assets allocated to certain Sleeve Subadvisers during the most recent fiscal year were instead allocated to mutual funds or ETFs advised or subadvised by such Sleeve Subadvisers.
[2] This fee is blended, applying the reduced 0.45% management fee to the portion of fund assets allocated to mutual funds or ETFs, and applying previously existing management fees to the portion of fund assets managed directly by Sleeve Subadvisers.
[3] Restated to reflect cost savings that will result from contractual changes effective October 1, 2013, including contractual reductions in custody and fund accounting service fees.
[4] Acquired Fund Fees and Expenses represent expenses indirectly borne by the Fund through its investment in other investment companies.
[5] The Adviser has agreed contractually to reimburse a portion of the Fund's expenses so that the Fund's Other Expenses (excluding management fees, distribution and service fees, interest, taxes, certain securities lending costs, brokerage commissions, extraordinary expenses and Acquired Fund Fees and Expenses other than those attributable to advisory fees indirectly borne by the Fund through its investment in funds (other than ETFs) advised by the Adviser), as a percentage of its average net assets, do not exceed 0.24% on an annualized basis. This reimbursement arrangement will continue in effect until at least December 31, 2015 unless modified or terminated by the Fund's Trustees.
Example of Expenses

The table below is intended to help an investor compare the cost of investing in shares of the Income Portfolio with the cost of investing in other mutual funds.


The table assumes that an investor invests $10,000 in shares of the applicable Class for the time periods indicated and then redeems all of his or her shares at the end of those periods. The table also assumes that the investment has a 5% return each year, that all dividends and distributions are reinvested and that the Class’s operating expenses remain the same throughout those periods. Although an investor’s actual expenses may be higher or lower than those shown in the table, based on these assumptions his or her expenses would be:

Expense Example ESG Managers Income Portfolio (USD $)
1 Year
3 Years
5 Years
10 Years
Class A
593 1,181 2,072 4,355
Institutional Class
124 691 1,578 3,871
Class C
325 989 2,053 4,709
Expense Example No Redemption (USD $)
1 Year
3 Years
5 Years
10 Years
ESG Managers Income Portfolio Class C
225 989 2,053 4,709
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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ck0000076721_SupplementTextBlock

Pax World Funds Series Trust I


ESG Managers Asset Allocation Portfolios


Supplement Dated September 26, 2013


to the


Prospectus


Dated May 1, 2013

Risk/Return [Heading] rr_RiskReturnHeading ESG Managers Growth Portfolio
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

Beginning October 1, 2013, the ESG Managers Portfolios plan to invest primarily through mutual funds and/or exchange-traded funds (“ETFs”).  Pax World Management LLC has agreed, effective October 1, 2013, to reduce the management fees it is paid by each ESG Managers Portfolio with respect to the portion of assets invested in mutual funds and/or ETFs to an annual rate of 0.45% of the Fund’s average daily net assets that are so invested.


Accordingly, effective October 1, 2013, the tables entitled “Annual Fund Operating Expenses (Expenses You Pay Each Year as a Percentage of the Value of Your Investment)” and “Example of Expenses” for each of the ESG Managers Portfolios are deleted in their entirety and replaced with the following:

Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (Expenses You Pay Each Year as a Percentage of the Value of Your Investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2015-12-31
Expense Example [Heading] rr_ExpenseExampleHeading Example of Expenses
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

The table below is intended to help an investor compare the cost of investing in shares of the Growth Portfolio with the cost of investing in other mutual funds.


The table assumes that an investor invests $10,000 in shares of the applicable Class for the time periods indicated and then redeems all of his or her shares at the end of those periods. The table also assumes that the investment has a 5% return each year, that all dividends and distributions are reinvested and that the Class’s operating expenses remain the same throughout those periods. Although an investor’s actual expenses may be higher or lower than those shown in the table, based on these assumptions his or her expenses would be:

Class A
 
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.51% [1],[2]
Distribution and/or Service (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 1.83% [3]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.69% [1],[4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 3.28%
Contractual Reimbursements rr_FeeWaiverOrReimbursementOverAssets (1.56%) [1],[5]
Net Annual Fund Operating Expenses rr_NetExpensesOverAssets 1.72%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 715
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,219
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,904
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 3,720
Institutional Class
 
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.51% [1],[2]
Distribution and/or Service (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 1.83% [3]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.69% [1],[4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 3.03%
Contractual Reimbursements rr_FeeWaiverOrReimbursementOverAssets (1.56%) [1],[5]
Net Annual Fund Operating Expenses rr_NetExpensesOverAssets 1.47%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 150
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 632
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,308
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 3,116
Class C
 
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.51% [1],[2]
Distribution and/or Service (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 1.83% [3]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.69% [1],[4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 4.03%
Contractual Reimbursements rr_FeeWaiverOrReimbursementOverAssets (1.56%) [1],[5]
Net Annual Fund Operating Expenses rr_NetExpensesOverAssets 2.47%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 350
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 932
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,796
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 4,030
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 250
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 932
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,796
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 4,030
[1] Restated to give effect to contractual changes effective October 1, 2013, assuming assets allocated to certain Sleeve Subadvisers during the most recent fiscal year were instead allocated to mutual funds or ETFs advised or subadvised by such Sleeve Subadvisers.
[2] This fee is blended, applying the reduced 0.45% management fee to the portion of fund assets allocated to mutual funds or ETFs, and applying previously existing management fees to the portion of fund assets managed directly by Sleeve Subadvisers.
[3] Restated to reflect cost savings that will result from contractual changes effective October 1, 2013, including contractual reductions in custody and fund accounting service fees.
[4] Acquired Fund Fees and Expenses represent expenses indirectly borne by the Fund through its investment in other investment companies.
[5] The Adviser has agreed contractually to reimburse a portion of the Fund's expenses so that the Fund's Other Expenses (excluding management fees, distribution and service fees, interest, taxes, certain securities lending costs, brokerage commissions, extraordinary expenses and Acquired Fund Fees and Expenses other than those attributable to advisory fees indirectly borne by the Fund through its investment in funds (other than ETFs) advised by the Adviser), as a percentage of its average net assets, do not exceed 0.39% on an annualized basis. This reimbursement arrangement will continue in effect until at least December 31, 2015 unless modified or terminated by the Fund's Trustees.
XML 12 R11.htm IDEA: XBRL DOCUMENT v2.4.0.8
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ck0000076721_SupplementTextBlock

Pax World Funds Series Trust I


ESG Managers Asset Allocation Portfolios


Supplement Dated September 26, 2013


to the


Prospectus


Dated May 1, 2013

Risk/Return [Heading] rr_RiskReturnHeading ESG Managers Growth and Income Portfolio
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

Beginning October 1, 2013, the ESG Managers Portfolios plan to invest primarily through mutual funds and/or exchange-traded funds (“ETFs”).  Pax World Management LLC has agreed, effective October 1, 2013, to reduce the management fees it is paid by each ESG Managers Portfolio with respect to the portion of assets invested in mutual funds and/or ETFs to an annual rate of 0.45% of the Fund’s average daily net assets that are so invested.


Accordingly, effective October 1, 2013, the tables entitled “Annual Fund Operating Expenses (Expenses You Pay Each Year as a Percentage of the Value of Your Investment)” and “Example of Expenses” for each of the ESG Managers Portfolios are deleted in their entirety and replaced with the following:

Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (Expenses You Pay Each Year as a Percentage of the Value of Your Investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2015-12-31
Expense Example [Heading] rr_ExpenseExampleHeading Example of Expenses
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

The table below is intended to help an investor compare the cost of investing in shares of the Growth and Income Portfolio with the cost of investing in other mutual funds.


The table assumes that an investor invests $10,000 in shares of the applicable Class for the time periods indicated and then redeems all of his or her shares at the end of those periods. The table also assumes that the investment has a 5% return each year, that all dividends and distributions are reinvested and that the Class’s operating expenses remain the same throughout those periods. Although an investor’s actual expenses may be higher or lower than those shown in the table, based on these assumptions his or her expenses would be:

Class A
 
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.50% [1],[2]
Distribution and/or Service (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 2.23% [3]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.69% [1],[4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 3.67%
Contractual Reimbursements rr_FeeWaiverOrReimbursementOverAssets (1.99%) [1],[5]
Net Annual Fund Operating Expenses rr_NetExpensesOverAssets 1.68%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 711
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,251
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 2,011
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 4,002
Institutional Class
 
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.50% [1],[2]
Distribution and/or Service (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 2.23% [3]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.69% [1],[4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 3.42%
Contractual Reimbursements rr_FeeWaiverOrReimbursementOverAssets (1.99%) [1],[5]
Net Annual Fund Operating Expenses rr_NetExpensesOverAssets 1.43%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 146
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 666
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,423
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 3,423
Class C
 
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.50% [1],[2]
Distribution and/or Service (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 2.23% [3]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.69% [1],[4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 4.42%
Contractual Reimbursements rr_FeeWaiverOrReimbursementOverAssets (1.99%) [1],[5]
Net Annual Fund Operating Expenses rr_NetExpensesOverAssets 2.43%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 346
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 965
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,906
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 4,306
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 246
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 965
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,906
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 4,306
[1] Restated to give effect to contractual changes effective October 1, 2013, assuming assets allocated to certain Sleeve Subadvisers during the most recent fiscal year were instead allocated to mutual funds or ETFs advised or subadvised by such Sleeve Subadvisers.
[2] This fee is blended, applying the reduced 0.45% management fee to the portion of fund assets allocated to mutual funds or ETFs, and applying previously existing management fees to the portion of fund assets managed directly by Sleeve Subadvisers.
[3] Restated to reflect cost savings that will result from contractual changes effective October 1, 2013, including contractual reductions in custody and fund accounting service fees.
[4] Acquired Fund Fees and Expenses represent expenses indirectly borne by the Fund through its investment in other investment companies.
[5] The Adviser has agreed contractually to reimburse a portion of the Fund's expenses so that the Fund's Other Expenses (excluding management fees, distribution and service fees, interest, taxes, certain securities lending costs, brokerage commissions, extraordinary expenses and Acquired Fund Fees and Expenses other than those attributable to advisory fees indirectly borne by the Fund through its investment in funds (other than ETFs) advised by the Adviser), as a percentage of its average net assets, do not exceed 0.34% on an annualized basis. This reimbursement arrangement will continue in effect until at least December 31, 2015 unless modified or terminated by the Fund's Trustees.
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ESG Managers Growth Portfolio
ESG Managers Growth Portfolio

Pax World Funds Series Trust I


ESG Managers Asset Allocation Portfolios


Supplement Dated September 26, 2013


to the


Prospectus


Dated May 1, 2013

Beginning October 1, 2013, the ESG Managers Portfolios plan to invest primarily through mutual funds and/or exchange-traded funds (“ETFs”).  Pax World Management LLC has agreed, effective October 1, 2013, to reduce the management fees it is paid by each ESG Managers Portfolio with respect to the portion of assets invested in mutual funds and/or ETFs to an annual rate of 0.45% of the Fund’s average daily net assets that are so invested.


Accordingly, effective October 1, 2013, the tables entitled “Annual Fund Operating Expenses (Expenses You Pay Each Year as a Percentage of the Value of Your Investment)” and “Example of Expenses” for each of the ESG Managers Portfolios are deleted in their entirety and replaced with the following:

Annual Fund Operating Expenses (Expenses You Pay Each Year as a Percentage of the Value of Your Investment)
Annual Fund Operating Expenses ESG Managers Growth Portfolio
Class A
Institutional Class
Class C
Management Fees [1][2] 0.51% 0.51% 0.51%
Distribution and/or Service (Rule 12b-1) Fees 0.25% none 1.00%
Other Expenses [3] 1.83% 1.83% 1.83%
Acquired Fund Fees and Expenses [1][4] 0.69% 0.69% 0.69%
Total Annual Fund Operating Expenses 3.28% 3.03% 4.03%
Contractual Reimbursements [1][5] (1.56%) (1.56%) (1.56%)
Net Annual Fund Operating Expenses 1.72% 1.47% 2.47%
[1] Restated to give effect to contractual changes effective October 1, 2013, assuming assets allocated to certain Sleeve Subadvisers during the most recent fiscal year were instead allocated to mutual funds or ETFs advised or subadvised by such Sleeve Subadvisers.
[2] This fee is blended, applying the reduced 0.45% management fee to the portion of fund assets allocated to mutual funds or ETFs, and applying previously existing management fees to the portion of fund assets managed directly by Sleeve Subadvisers.
[3] Restated to reflect cost savings that will result from contractual changes effective October 1, 2013, including contractual reductions in custody and fund accounting service fees.
[4] Acquired Fund Fees and Expenses represent expenses indirectly borne by the Fund through its investment in other investment companies.
[5] The Adviser has agreed contractually to reimburse a portion of the Fund's expenses so that the Fund's Other Expenses (excluding management fees, distribution and service fees, interest, taxes, certain securities lending costs, brokerage commissions, extraordinary expenses and Acquired Fund Fees and Expenses other than those attributable to advisory fees indirectly borne by the Fund through its investment in funds (other than ETFs) advised by the Adviser), as a percentage of its average net assets, do not exceed 0.39% on an annualized basis. This reimbursement arrangement will continue in effect until at least December 31, 2015 unless modified or terminated by the Fund's Trustees.
Example of Expenses

The table below is intended to help an investor compare the cost of investing in shares of the Growth Portfolio with the cost of investing in other mutual funds.


The table assumes that an investor invests $10,000 in shares of the applicable Class for the time periods indicated and then redeems all of his or her shares at the end of those periods. The table also assumes that the investment has a 5% return each year, that all dividends and distributions are reinvested and that the Class’s operating expenses remain the same throughout those periods. Although an investor’s actual expenses may be higher or lower than those shown in the table, based on these assumptions his or her expenses would be:

Expense Example ESG Managers Growth Portfolio (USD $)
1 Year
3 Years
5 Years
10 Years
Class A
715 1,219 1,904 3,720
Institutional Class
150 632 1,308 3,116
Class C
350 932 1,796 4,030
Expense Example No Redemption (USD $)
1 Year
3 Years
5 Years
10 Years
ESG Managers Growth Portfolio Class C
250 932 1,796 4,030
XML 16 R16.htm IDEA: XBRL DOCUMENT v2.4.0.8
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ck0000076721_SupplementTextBlock

Pax World Funds Series Trust I


ESG Managers Asset Allocation Portfolios


Supplement Dated September 26, 2013


to the


Prospectus


Dated May 1, 2013

Risk/Return [Heading] rr_RiskReturnHeading ESG Managers Balanced Portfolio
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

Beginning October 1, 2013, the ESG Managers Portfolios plan to invest primarily through mutual funds and/or exchange-traded funds (“ETFs”).  Pax World Management LLC has agreed, effective October 1, 2013, to reduce the management fees it is paid by each ESG Managers Portfolio with respect to the portion of assets invested in mutual funds and/or ETFs to an annual rate of 0.45% of the Fund’s average daily net assets that are so invested.


Accordingly, effective October 1, 2013, the tables entitled “Annual Fund Operating Expenses (Expenses You Pay Each Year as a Percentage of the Value of Your Investment)” and “Example of Expenses” for each of the ESG Managers Portfolios are deleted in their entirety and replaced with the following:

Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (Expenses You Pay Each Year as a Percentage of the Value of Your Investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2015-12-31
Expense Example [Heading] rr_ExpenseExampleHeading Example of Expenses
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

The table below is intended to help an investor compare the cost of investing in shares of the Balanced Portfolio with the cost of investing in other mutual funds.


The table assumes that an investor invests $10,000 in shares of the applicable Class for the time periods indicated and then redeems all of his or her shares at the end of those periods. The table also assumes that the investment has a 5% return each year, that all dividends and distributions are reinvested and that the Class’s operating expenses remain the same throughout those periods. Although an investor’s actual expenses may be higher or lower than those shown in the table, based on these assumptions his or her expenses would be:

Class A
 
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.48% [1],[2]
Distribution and/or Service (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 1.74% [3]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.64% [1],[4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 3.11%
Contractual Reimbursements rr_FeeWaiverOrReimbursementOverAssets (1.54%) [1],[5]
Net Annual Fund Operating Expenses rr_NetExpensesOverAssets 1.57%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 701
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,174
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,827
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 3,570
Institutional Class
 
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.48% [1],[2]
Distribution and/or Service (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 1.74% [3]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.64% [1],[4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.86%
Contractual Reimbursements rr_FeeWaiverOrReimbursementOverAssets (1.54%) [1],[5]
Net Annual Fund Operating Expenses rr_NetExpensesOverAssets 1.32%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 134
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 585
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,226
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,954
Class C
 
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.48% [1],[2]
Distribution and/or Service (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 1.74% [3]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.64% [1],[4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 3.86%
Contractual Reimbursements rr_FeeWaiverOrReimbursementOverAssets (1.54%) [1],[5]
Net Annual Fund Operating Expenses rr_NetExpensesOverAssets 2.32%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 335
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 886
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,718
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 3,884
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 235
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 886
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,718
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 3,884
[1] Restated to give effect to contractual changes effective October 1, 2013, assuming assets allocated to certain Sleeve Subadvisers during the most recent fiscal year were instead allocated to mutual funds or ETFs advised or subadvised by such Sleeve Subadvisers.
[2] This fee is blended, applying the reduced 0.45% management fee to the portion of fund assets allocated to mutual funds or ETFs, and applying previously existing management fees to the portion of fund assets managed directly by Sleeve Subadvisers.
[3] Restated to reflect cost savings that will result from contractual changes effective October 1, 2013, including contractual reductions in custody and fund accounting service fees.
[4] Acquired Fund Fees and Expenses represent expenses indirectly borne by the Fund through its investment in other investment companies.
[5] The Adviser has agreed contractually to reimburse a portion of the Fund's expenses so that the Fund's Other Expenses (excluding management fees, distribution and service fees, interest, taxes, certain securities lending costs, brokerage commissions, extraordinary expenses and Acquired Fund Fees and Expenses other than those attributable to advisory fees indirectly borne by the Fund through its investment in funds (other than ETFs) advised by the Adviser), as a percentage of its average net assets, do not exceed 0.29% on an annualized basis. This reimbursement arrangement will continue in effect until at least December 31, 2015 unless modified or terminated by the Fund's Trustees.
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ESG Managers Balanced Portfolio
ESG Managers Balanced Portfolio

Pax World Funds Series Trust I


ESG Managers Asset Allocation Portfolios


Supplement Dated September 26, 2013


to the


Prospectus


Dated May 1, 2013

Beginning October 1, 2013, the ESG Managers Portfolios plan to invest primarily through mutual funds and/or exchange-traded funds (“ETFs”).  Pax World Management LLC has agreed, effective October 1, 2013, to reduce the management fees it is paid by each ESG Managers Portfolio with respect to the portion of assets invested in mutual funds and/or ETFs to an annual rate of 0.45% of the Fund’s average daily net assets that are so invested.


Accordingly, effective October 1, 2013, the tables entitled “Annual Fund Operating Expenses (Expenses You Pay Each Year as a Percentage of the Value of Your Investment)” and “Example of Expenses” for each of the ESG Managers Portfolios are deleted in their entirety and replaced with the following:

Annual Fund Operating Expenses (Expenses You Pay Each Year as a Percentage of the Value of Your Investment)
Annual Fund Operating Expenses ESG Managers Balanced Portfolio
Class A
Institutional Class
Class C
Management Fees [1][2] 0.48% 0.48% 0.48%
Distribution and/or Service (Rule 12b-1) Fees 0.25% none 1.00%
Other Expenses [3] 1.74% 1.74% 1.74%
Acquired Fund Fees and Expenses [1][4] 0.64% 0.64% 0.64%
Total Annual Fund Operating Expenses 3.11% 2.86% 3.86%
Contractual Reimbursements [1][5] (1.54%) (1.54%) (1.54%)
Net Annual Fund Operating Expenses 1.57% 1.32% 2.32%
[1] Restated to give effect to contractual changes effective October 1, 2013, assuming assets allocated to certain Sleeve Subadvisers during the most recent fiscal year were instead allocated to mutual funds or ETFs advised or subadvised by such Sleeve Subadvisers.
[2] This fee is blended, applying the reduced 0.45% management fee to the portion of fund assets allocated to mutual funds or ETFs, and applying previously existing management fees to the portion of fund assets managed directly by Sleeve Subadvisers.
[3] Restated to reflect cost savings that will result from contractual changes effective October 1, 2013, including contractual reductions in custody and fund accounting service fees.
[4] Acquired Fund Fees and Expenses represent expenses indirectly borne by the Fund through its investment in other investment companies.
[5] The Adviser has agreed contractually to reimburse a portion of the Fund's expenses so that the Fund's Other Expenses (excluding management fees, distribution and service fees, interest, taxes, certain securities lending costs, brokerage commissions, extraordinary expenses and Acquired Fund Fees and Expenses other than those attributable to advisory fees indirectly borne by the Fund through its investment in funds (other than ETFs) advised by the Adviser), as a percentage of its average net assets, do not exceed 0.29% on an annualized basis. This reimbursement arrangement will continue in effect until at least December 31, 2015 unless modified or terminated by the Fund's Trustees.
Example of Expenses

The table below is intended to help an investor compare the cost of investing in shares of the Balanced Portfolio with the cost of investing in other mutual funds.


The table assumes that an investor invests $10,000 in shares of the applicable Class for the time periods indicated and then redeems all of his or her shares at the end of those periods. The table also assumes that the investment has a 5% return each year, that all dividends and distributions are reinvested and that the Class’s operating expenses remain the same throughout those periods. Although an investor’s actual expenses may be higher or lower than those shown in the table, based on these assumptions his or her expenses would be:

Expense Example ESG Managers Balanced Portfolio (USD $)
1 Year
3 Years
5 Years
10 Years
Class A
701 1,174 1,827 3,570
Institutional Class
134 585 1,226 2,954
Class C
335 886 1,718 3,884
Expense Example No Redemption (USD $)
1 Year
3 Years
5 Years
10 Years
ESG Managers Balanced Portfolio Class C
235 886 1,718 3,884

XML 19 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
ESG Managers Growth and Income Portfolio
ESG Managers Growth and Income Portfolio

Pax World Funds Series Trust I


ESG Managers Asset Allocation Portfolios


Supplement Dated September 26, 2013


to the


Prospectus


Dated May 1, 2013

Beginning October 1, 2013, the ESG Managers Portfolios plan to invest primarily through mutual funds and/or exchange-traded funds (“ETFs”).  Pax World Management LLC has agreed, effective October 1, 2013, to reduce the management fees it is paid by each ESG Managers Portfolio with respect to the portion of assets invested in mutual funds and/or ETFs to an annual rate of 0.45% of the Fund’s average daily net assets that are so invested.


Accordingly, effective October 1, 2013, the tables entitled “Annual Fund Operating Expenses (Expenses You Pay Each Year as a Percentage of the Value of Your Investment)” and “Example of Expenses” for each of the ESG Managers Portfolios are deleted in their entirety and replaced with the following:

Annual Fund Operating Expenses (Expenses You Pay Each Year as a Percentage of the Value of Your Investment)
Annual Fund Operating Expenses ESG Managers Growth and Income Portfolio
Class A
Institutional Class
Class C
Management Fees [1][2] 0.50% 0.50% 0.50%
Distribution and/or Service (Rule 12b-1) Fees 0.25% none 1.00%
Other Expenses [3] 2.23% 2.23% 2.23%
Acquired Fund Fees and Expenses [1][4] 0.69% 0.69% 0.69%
Total Annual Fund Operating Expenses 3.67% 3.42% 4.42%
Contractual Reimbursements [1][5] (1.99%) (1.99%) (1.99%)
Net Annual Fund Operating Expenses 1.68% 1.43% 2.43%
[1] Restated to give effect to contractual changes effective October 1, 2013, assuming assets allocated to certain Sleeve Subadvisers during the most recent fiscal year were instead allocated to mutual funds or ETFs advised or subadvised by such Sleeve Subadvisers.
[2] This fee is blended, applying the reduced 0.45% management fee to the portion of fund assets allocated to mutual funds or ETFs, and applying previously existing management fees to the portion of fund assets managed directly by Sleeve Subadvisers.
[3] Restated to reflect cost savings that will result from contractual changes effective October 1, 2013, including contractual reductions in custody and fund accounting service fees.
[4] Acquired Fund Fees and Expenses represent expenses indirectly borne by the Fund through its investment in other investment companies.
[5] The Adviser has agreed contractually to reimburse a portion of the Fund's expenses so that the Fund's Other Expenses (excluding management fees, distribution and service fees, interest, taxes, certain securities lending costs, brokerage commissions, extraordinary expenses and Acquired Fund Fees and Expenses other than those attributable to advisory fees indirectly borne by the Fund through its investment in funds (other than ETFs) advised by the Adviser), as a percentage of its average net assets, do not exceed 0.34% on an annualized basis. This reimbursement arrangement will continue in effect until at least December 31, 2015 unless modified or terminated by the Fund's Trustees.
Example of Expenses

The table below is intended to help an investor compare the cost of investing in shares of the Growth and Income Portfolio with the cost of investing in other mutual funds.


The table assumes that an investor invests $10,000 in shares of the applicable Class for the time periods indicated and then redeems all of his or her shares at the end of those periods. The table also assumes that the investment has a 5% return each year, that all dividends and distributions are reinvested and that the Class’s operating expenses remain the same throughout those periods. Although an investor’s actual expenses may be higher or lower than those shown in the table, based on these assumptions his or her expenses would be:

Expense Example ESG Managers Growth and Income Portfolio (USD $)
1 Year
3 Years
5 Years
10 Years
Class A
711 1,251 2,011 4,002
Institutional Class
146 666 1,423 3,423
Class C
346 965 1,906 4,306
Expense Example No Redemption (USD $)
1 Year
3 Years
5 Years
10 Years
ESG Managers Growth and Income Portfolio Class C
246 965 1,906 4,306
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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Prospectus Date rr_ProspectusDate May 01, 2013
XML 22 R1.htm IDEA: XBRL DOCUMENT v2.4.0.8
Document and Entity Information
0 Months Ended
Sep. 26, 2013
Risk/Return:  
Document Type 497
Document Period End Date Sep. 26, 2013
Registrant Name PAX WORLD FUNDS SERIES TRUST I
Central Index Key 0000076721
Amendment Flag false
Document Creation Date Sep. 26, 2013
Document Effective Date Sep. 26, 2013
Prospectus Date May 01, 2013
ESG Managers Growth Portfolio | Class A
 
Risk/Return:  
Trading Symbol PAGAX
ESG Managers Growth Portfolio | Class C
 
Risk/Return:  
Trading Symbol PAGCX
ESG Managers Growth Portfolio | Institutional Class
 
Risk/Return:  
Trading Symbol PAGIX
ESG Managers Growth and Income Portfolio | Class A
 
Risk/Return:  
Trading Symbol PGPAX
ESG Managers Growth and Income Portfolio | Class C
 
Risk/Return:  
Trading Symbol PWCCX
ESG Managers Growth and Income Portfolio | Institutional Class
 
Risk/Return:  
Trading Symbol PMIIX
ESG Managers Balanced Portfolio | Class A
 
Risk/Return:  
Trading Symbol PMPAX
ESG Managers Balanced Portfolio | Class C
 
Risk/Return:  
Trading Symbol PWPCX
ESG Managers Balanced Portfolio | Institutional Class
 
Risk/Return:  
Trading Symbol PWPIX
ESG Managers Income Portfolio | Class A
 
Risk/Return:  
Trading Symbol PWMAX
ESG Managers Income Portfolio | Class C
 
Risk/Return:  
Trading Symbol PWMCX
ESG Managers Income Portfolio | Institutional Class
 
Risk/Return:  
Trading Symbol PWMIX
XML 23 R21.htm IDEA: XBRL DOCUMENT v2.4.0.8
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ck0000076721_SupplementTextBlock

Pax World Funds Series Trust I


ESG Managers Asset Allocation Portfolios


Supplement Dated September 26, 2013


to the


Prospectus


Dated May 1, 2013

Risk/Return [Heading] rr_RiskReturnHeading ESG Managers Income Portfolio
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

Beginning October 1, 2013, the ESG Managers Portfolios plan to invest primarily through mutual funds and/or exchange-traded funds (“ETFs”).  Pax World Management LLC has agreed, effective October 1, 2013, to reduce the management fees it is paid by each ESG Managers Portfolio with respect to the portion of assets invested in mutual funds and/or ETFs to an annual rate of 0.45% of the Fund’s average daily net assets that are so invested.


Accordingly, effective October 1, 2013, the tables entitled “Annual Fund Operating Expenses (Expenses You Pay Each Year as a Percentage of the Value of Your Investment)” and “Example of Expenses” for each of the ESG Managers Portfolios are deleted in their entirety and replaced with the following:

Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (Expenses You Pay Each Year as a Percentage of the Value of Your Investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2015-12-31
Expense Example [Heading] rr_ExpenseExampleHeading Example of Expenses
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

The table below is intended to help an investor compare the cost of investing in shares of the Income Portfolio with the cost of investing in other mutual funds.


The table assumes that an investor invests $10,000 in shares of the applicable Class for the time periods indicated and then redeems all of his or her shares at the end of those periods. The table also assumes that the investment has a 5% return each year, that all dividends and distributions are reinvested and that the Class’s operating expenses remain the same throughout those periods. Although an investor’s actual expenses may be higher or lower than those shown in the table, based on these assumptions his or her expenses would be:

Class A
 
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.46% [1],[2]
Distribution and/or Service (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 3.01% [3]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.57% [1],[4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 4.29%
Contractual Reimbursements rr_FeeWaiverOrReimbursementOverAssets (2.82%) [1],[5]
Net Annual Fund Operating Expenses rr_NetExpensesOverAssets 1.47%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 593
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,181
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 2,072
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 4,355
Institutional Class
 
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.46% [1],[2]
Distribution and/or Service (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 3.01% [3]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.57% [1],[4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 4.04%
Contractual Reimbursements rr_FeeWaiverOrReimbursementOverAssets (2.82%) [1],[5]
Net Annual Fund Operating Expenses rr_NetExpensesOverAssets 1.22%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 124
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 691
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,578
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 3,871
Class C
 
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.46% [1],[2]
Distribution and/or Service (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 3.01% [3]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.57% [1],[4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 5.04%
Contractual Reimbursements rr_FeeWaiverOrReimbursementOverAssets (2.82%) [1],[5]
Net Annual Fund Operating Expenses rr_NetExpensesOverAssets 2.22%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 325
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 989
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 2,053
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 4,709
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 225
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 989
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 2,053
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 4,709
[1] Restated to give effect to contractual changes effective October 1, 2013, assuming assets allocated to certain Sleeve Subadvisers during the most recent fiscal year were instead allocated to mutual funds or ETFs advised or subadvised by such Sleeve Subadvisers.
[2] This fee is blended, applying the reduced 0.45% management fee to the portion of fund assets allocated to mutual funds or ETFs, and applying previously existing management fees to the portion of fund assets managed directly by Sleeve Subadvisers.
[3] Restated to reflect cost savings that will result from contractual changes effective October 1, 2013, including contractual reductions in custody and fund accounting service fees.
[4] Acquired Fund Fees and Expenses represent expenses indirectly borne by the Fund through its investment in other investment companies.
[5] The Adviser has agreed contractually to reimburse a portion of the Fund's expenses so that the Fund's Other Expenses (excluding management fees, distribution and service fees, interest, taxes, certain securities lending costs, brokerage commissions, extraordinary expenses and Acquired Fund Fees and Expenses other than those attributable to advisory fees indirectly borne by the Fund through its investment in funds (other than ETFs) advised by the Adviser), as a percentage of its average net assets, do not exceed 0.24% on an annualized basis. This reimbursement arrangement will continue in effect until at least December 31, 2015 unless modified or terminated by the Fund's Trustees.