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Pax World Global Environmental Markets Fund
 
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Pax World Funds Series Trust I


PAX WORLD GLOBAL ENVIRONMENTAL MARKETS FUND


Supplement Dated September 18, 2013


to the


Prospectus


Dated May 1, 2013


Effective September 18, 2013, the Prospectus and Statement of Additional Information are amended, as follows:

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Objective [Heading] rr_ObjectiveHeading 1) The first paragraph on page 47 is deleted and replaced with the following:
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The Global Environmental Markets Fund’s investment objective is to seek long term growth of capital by investing in innovative companies around the world whose businesses and technologies focus on environmental markets, including alternative energy and energy efficiency; water infrastructure technologies and pollution control; environmental support services and waste management technologies; and sustainable food, agriculture and forestry.

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The Global Environmental Markets Fund invests in environmental markets—companies whose businesses and technologies focus on environmental markets, including alternative energy and energy efficiency; water infrastructure technologies and pollution control; environmental support services and waste management technologies; and sustainable food, agriculture and forestry.