The Pax ESG Beta Dividend Fund Institutional Class (PXDIX) is a mutual fund that focuses on socially responsible investing, specifically targeting companies with strong environmental, social, and governance (ESG) practices. This fund aims to provide investors with a combination of dividend income and long-term capital appreciation while also considering the impact of their 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.