Pax Large Cap Fund 9/30/2020
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Pax Large Cap Fund 9/30/2020 Asset Class Equity Alphabet Inc. Class A Alphabet Inc. Class C Amazon.com, Inc. American Express Company American International Group, Inc. American Water Works Company, Inc. Apple Inc. Applied Materials, Inc. Aptiv PLC Becton, Dickinson and Company BlackRock, Inc. Bristol-Myers Squibb Company Cigna Corporation Citizens Financial Group, Inc. Equinix, Inc. Fiserv, Inc. Fortinet, Inc. IQVIA Holdings Inc JPMorgan Chase & Co. Lowe's Companies, Inc. Medtronic Plc Merck & Co., Inc. Microsoft Corporation Mohawk Industries, Inc. Procter & Gamble Company Prologis, Inc. PTC Inc. Quest Diagnostics Incorporated salesforce.com, inc. Sysco Corporation Target Corporation TE Connectivity Ltd. T-Mobile US, Inc. Trane Technologies plc Trimble Inc. United Parcel Service, Inc. Class B Vertex Pharmaceuticals Incorporated ViacomCBS Inc. Class B Visa Inc. Class A Voya Financial, Inc. Vulcan Materials Company Waste Management, Inc. Welltower, Inc. Xylem Inc. Holdings are subject to change. Holdings are as of the period ended September 30, 2020 and are subject to change. You should consider Pax World Funds’ investment objectives, risks, and charges and expenses carefully before investing. For this and other important information, please obtain a fund prospectus by calling 800.767.1729 or visit www.impaxam.com. Please read it carefully before investing. Copyright © 2020 Impax Asset Management LLC. All rights reserved. Pax World Funds are distributed by ALPS Distributors, Inc. ALPS Distributors is not affiliated with Impax Asset Management LLC. PAX009551 (11/20) Pax Small Cap Fund 9/30/2020 Asset Class Equity 8x8, Inc. Vocera Communications, Inc. AZEK Company Inc Class A Voya Financial, Inc. BJ's Wholesale Club Holdings, Inc. White Mountains Insurance Group Ltd CAE Inc. Williams-Sonoma, Inc. Callaway Golf Company Workiva, Inc. Class A Carter's, Inc. Zuora, Inc. Class A CatchMark Timber Trust, Inc. Class A Ciena Corporation Coherus BioSciences, Inc. Holdings are subject to change. Colfax Corporation Comfort Systems USA, Inc. Crocs, Inc. CubeSmart Darling Ingredients Inc. Dunkin' Brands Group, Inc. EMCOR Group, Inc. Evoqua Water Technologies Corp Exelixis, Inc. Flex Ltd. Fox Factory Holding Corp. Gates Industrial Corporation plc Great Lakes Dredge & Dock Corporation Health Catalyst, Inc. Healthcare Realty Trust Incorporated HomeTrust Bancshares, Inc. II-VI Incorporated Karuna Therapeutics, Inc. Laird Superfood, Inc. Ligand Pharmaceuticals Incorporated Lions Gate Entertainment Corp Class B Magnite, Inc. Maple Leaf Foods Inc. MasTec, Inc. Meridian Bancorp Inc Montrose Environmental Group Inc MRC Global Inc. MSA Safety, Inc. National Vision Holdings, Inc. Natus Medical Incorporated Nexstar Media Group, Inc. Class A ONE Gas, Inc. Onto Innovation, Inc. ORBCOMM Inc. QuinStreet, Inc. RealPage, Inc. Semtech Corporation SI-BONE, Inc. Simply Good Foods Co Sprout Social Inc Class A Thermon Group Holdings, Inc. TreeHouse Foods, Inc. Unitil Corporation Verra Mobility Corp. Class A Vertiv Holdings Co. Class A Victory Capital Holdings, Inc. Class A Holdings are as of the period ended September 30, 2020 and are subject to change. You should consider Pax World Funds’ investment objectives, risks, and charges and expenses carefully before investing. For this and other important information, please obtain a fund prospectus by calling 800.767.1729 or visit www.impaxam.com. Please read it carefully before investing. Copyright © 2020 Impax Asset Management LLC. All rights reserved. Pax World Funds are distributed by ALPS Distributors, Inc. ALPS Distributors is not affiliated with Impax Asset Management LLC. PAX009552 (11/20) Pax ESG Beta Quality Fund 9/30/2020 Asset Class Equity AbbVie, Inc. Ecolab Inc. Accenture Plc Class A Electronic Arts Inc. Activision Blizzard, Inc. Eli Lilly and Company Acuity Brands, Inc. Emerson Electric Co. Adobe Inc. Equitable Holdings, Inc. Affiliated Managers Group, Inc. Estee Lauder Companies Inc. Class A Aflac Incorporated Eversource Energy Agilent Technologies, Inc. Expeditors International of Washington, Inc. Air Products and Chemicals, Inc. F5 Networks, Inc. Akamai Technologies, Inc. FactSet Research Systems Inc. Allstate Corporation Fortinet, Inc. Alphabet Inc. Class A General Mills, Inc. Alphabet Inc. Class C Gentex Corporation Amazon.com, Inc. Grand Canyon Education, Inc. AMC Networks Inc. Class A Hartford Financial Services Group, Inc. American Water Works Company, Inc. HCA Healthcare Inc Ameriprise Financial, Inc. Hershey Company Amgen Inc. Highwoods Properties, Inc. Anthem, Inc. Home Depot, Inc. Apple Inc. HP Inc. AT&T Inc. Humana Inc. Autodesk, Inc. Intel Corporation AutoNation, Inc. International Business Machines Corporation Bank of New York Mellon Corporation Intuit Inc. Best Buy Co., Inc. Invesco Ltd. Biogen Inc. J.M. Smucker Company Bio-Rad Laboratories, Inc. Class A Jack Henry & Associates, Inc. Booz Allen Hamilton Holding Corporation Class A Johnson & Johnson BorgWarner Inc. Kellogg Company Brandywine Realty Trust Kimberly-Clark Corporation Bristol-Myers Squibb Company Kroger Co. Brixmor Property Group, Inc. Landstar System, Inc. Broadcom Inc. Lincoln National Corporation C.H. Robinson Worldwide, Inc. Linde plc Cable One, Inc. LPL Financial Holdings Inc. Cadence Design Systems, Inc. Lumen Technologies, Inc. CBRE Group, Inc. Class A LyondellBasell Industries NV CDK Global Inc Manhattan Associates, Inc. CDW Corp. MarketAxess Holdings Inc. Cerner Corporation Masco Corporation Chipotle Mexican Grill, Inc. Mastercard Incorporated Class A Cisco Systems, Inc. Merck & Co., Inc. Citrix Systems, Inc. MetLife, Inc. Clorox Company Microsoft Corporation Cognizant Technology Solutions Corporation Class A Morningstar, Inc. Colgate-Palmolive Company MSC Industrial Direct Co., Inc. Class A Comcast Corporation Class A Newmont Corporation Cullen/Frost Bankers, Inc. NextEra Energy, Inc. Cummins Inc. NIKE, Inc. Class B CVS Health Corporation Northern Trust Corporation Darden Restaurants, Inc. Nuance Communications, Inc. DaVita Inc. NVIDIA Corporation Dell Technologies Inc Class C NVR, Inc. DocuSign, Inc. Old Dominion Freight Line, Inc. Dollar General Corporation Omega Healthcare Investors, Inc. Domino's Pizza, Inc. Omnicom Group Inc Eastman Chemical Company Oracle Corporation eBay Inc. PACCAR Inc Equity PepsiCo, Inc. Pfizer Inc. PNC Financial Services Group, Inc. Procter & Gamble Company Progressive Corporation PTC Inc. Public Storage Quanta Services, Inc. Regal Beloit Corp Roper Technologies, Inc. Royal Gold, Inc. Seagate Technology PLC ServiceNow, Inc. Simon Property Group, Inc. Skyworks Solutions, Inc. Sonoco Products Company Southern Company Sprouts Farmers Markets, Inc. Pax ESG Beta Quality Fund 9/30/2020 Asset Class Starbucks Corporation State Street Corporation Synopsys, Inc. Target Corporation Texas Instruments Incorporated Thermo Fisher Scientific Inc. Tractor Supply Company United Parcel Service, Inc. Class B United Rentals, Inc. UnitedHealth Group Incorporated Unum Group V.F. Corporation Verizon Communications Inc. ViacomCBS Inc. Class B Visa Inc. Class A VMware, Inc. Class A W.W. Grainger, Inc. Waste Management, Inc. Western Union Company WEX Inc. Williams-Sonoma, Inc. Zscaler, Inc. Zynga Inc. Class A Holdings are subject to change. Holdings are as of the period ended September 30, 2020 and are subject to change. You should consider Pax World Funds’ investment objectives, risks, and charges and expenses carefully before investing. For this and other important information, please obtain a fund prospectus by calling 800.767.1729 or visit www.impaxam.com. Please read it carefully before investing. Copyright © 2020 Impax Asset Management LLC. All rights reserved. Pax World Funds are distributed by ALPS Distributors, Inc. ALPS Distributors is not affiliated with Impax Asset Management LLC. Effective June 30, 2016 the Pax Growth Fund (the “Predecessor Fund”) was renamed the Pax ESG Beta Quality Fund (the Fund). The Predecessor Fund is treated as the survivor of the renaming for accounting and performance reporting purposes. Accordingly, all performance and other information shown for the Fund for periods prior to 6/30/2016 is that of the Predecessor Fund. PAX009553 (11/20) Pax ESG Beta Dividend Fund 9/30/2020 Asset Class Equity Abbott Laboratories Home Depot, Inc. AbbVie, Inc. Hubbell Incorporated Class B Accenture Plc Class A Humana Inc. Activision Blizzard, Inc. Illinois Tool Works Inc. Adobe Inc. Intel Corporation Aflac Incorporated International Business Machines Corporation Air Products and Chemicals, Inc. International Paper Company Alphabet Inc. Class A Intuit Inc. Amazon.com, Inc. Iron Mountain, Inc. American Campus Communities, Inc. Jack Henry & Associates, Inc. American Financial Group, Inc. Johnson & Johnson Amgen Inc. Kimberly-Clark Corporation Anaplan, Inc. Kroger Co. Apple Inc. Lamar Advertising Company Class A AT&T Inc. Landstar System, Inc. Autodesk, Inc. Lowe's Companies, Inc. Automatic Data Processing, Inc. LPL Financial Holdings Inc. AvalonBay Communities, Inc. Lumen Technologies, Inc. Bank of America Corp Manhattan Associates, Inc. Best Buy Co., Inc. ManpowerGroup Inc. Broadcom Inc. Masco Corporation C.H. Robinson Worldwide, Inc. Maxim Integrated Products, Inc. Cabot Corporation Medtronic Plc Cadence Design Systems, Inc. Merck & Co., Inc. Cardinal Health, Inc. Microsoft Corporation Cerner Corporation Morningstar, Inc. Chemours Co. MSC Industrial Direct Co., Inc. Class A Chipotle Mexican Grill, Inc. National Instruments Corporation Cisco Systems, Inc. New York Times Company Class A Citrix