The Pax Sustainable Allocation Fund Institutional Class (PAXIX) is a mutual fund that focuses on investing in companies that demonstrate strong environmental, social, and governance (ESG) practices. This fund aims to provide a balanced allocation of assets across various sectors and asset classes, while also considering the impact of its investments on society and the environment. As an institutional class fund, it is designed for larger investors such as institutions and high net worth individuals. PAXIX offers a socially responsible investment option for those looking to align their values with their financial goals.