We learned from Fund Action that Pax World Money Market Fund has filed to "dissolve, liquidate and terminate the legal existence of the Fund." The filing says the $​137 million fund will cease new sales Aug. 29. It adds, "​The Board has directed that the Fund'​s sub-​adviser manage the Fund conservatively in anticipation of liquidation and with the goal of returning $​1.​00 per share to each investor in the Fund. Accordingly, the Fund'​s yield and performance may be reduced prior to liquidation. There can be no assurance that the Fund'​s value on liquidation will be $​1.​00 per share." It appears that Pax is shifting to a money market account from the money fund.

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