Pax International Sustainable Economy Fund USD 7/31/2021 Port. Ending Market Value Portfolio Weight ASML Holding NV 34,391,879.94 4.3 Roche Holding Ltd 28,162,840.25 3.5 Novo Nordisk A/S Class B 17,719,993.74 2.2 SAP SE 17,154,858.23 2.1 AstraZeneca PLC 15,759,939.73 2.0 Unilever PLC 13,234,315.16 1.7 Commonwealth Bank of Australia 13,046,820.57 1.6 L'Oreal SA 10,415,009.32 1.3 Schneider Electric SE 10,269,506.68 1.3 GlaxoSmithKline plc 9,942,271.59 1.2 Allianz SE 9,890,811.85 1.2 Hong Kong Exchanges & Clearing Ltd. 9,477,680.83 1.2 Lonza Group AG 9,369,993.95 1.2 RELX PLC 9,269,729.12 1.2 BNP Paribas SA Class A 8,824,299.39 1.1 Takeda Pharmaceutical Co. Ltd. 8,557,780.88 1.1 Air Liquide SA 8,445,618.28 1.1 KDDI Corporation 7,560,223.63 0.9 Recruit Holdings Co., Ltd. 7,424,282.72 0.9 HOYA CORPORATION 7,295,471.27 0.9 ABB Ltd. 7,293,350.84 0.9 BASF SE 7,257,816.71 0.9 Tokyo Electron Ltd. 7,049,583.59 0.9 Munich Reinsurance Company 7,019,776.96 0.9 ASSA ABLOY AB Class B 6,982,707.69 0.9 Vestas Wind Systems A/S 6,965,518.08 0.9 Merck KGaA 6,868,081.50 0.9 Iberdrola SA 6,581,084.07 0.8 Compagnie Generale des Etablissements Michelin SCA 6,555,056.14 0.8 Straumann Holding AG 6,480,282.66 0.8 Atlas Copco AB Class B 6,194,910.19 0.8 Deutsche Boerse AG 6,186,305.10 0.8 UPM-Kymmene Oyj 5,956,283.07 0.7 Deutsche Post AG 5,851,177.11 0.7 Enel SpA 5,808,234.13 0.7 AXA SA 5,790,969.55 0.7 Nintendo Co., Ltd. 5,704,202.31 0.7 Prosus N.V. Class N 5,636,020.17 0.7 Legal & General Group Plc 5,585,251.32 0.7 Banco Bilbao Vizcaya Argentaria, S.A. 5,552,605.12 0.7 Aristocrat Leisure Limited 5,454,430.78 0.7 CNH Industrial NV 5,383,357.58 0.7 Dai-ichi Life Holdings,Inc. 5,359,188.84 0.7 St. James's Place Plc 5,332,241.45 0.7 Seven & I Holdings Co., Ltd. 5,303,189.69 0.7 CRH Plc 5,287,279.50 0.7 Atlas Copco AB Class A 5,134,426.86 0.6 Zurich Insurance Group Ltd 4,970,287.73 0.6 Sika AG 4,969,475.89 0.6 Danone SA 4,942,686.95 0.6 Reckitt Benckiser Group plc 4,872,110.76 0.6 Givaudan SA 4,749,303.90 0.6 Z Holdings Corporation 4,737,960.89 0.6 Pax International Sustainable Economy Fund USD 7/31/2021 Port. Ending Market Value Portfolio Weight
Murata Manufacturing Co., Ltd. 4,686,771.05 0.6 Australia and New Zealand Banking Group Limited 4,612,476.28 0.6 Macquarie Group Limited 4,536,886.16 0.6 Shin-Etsu Chemical Co Ltd 4,516,824.60 0.6 Swiss Re AG 4,449,673.64 0.6 Koninklijke Ahold Delhaize N.V. 4,442,826.12 0.6 Unibail-Rodamco-Westfield SE Stapled Secs Cons of 1 Sh Unibail Rodamco + 1 Sh WFD Unib4,424,885.43 Rod 0.6 Societe Generale S.A. Class A 4,397,894.33 0.5 DBS Group Holdings Ltd 4,314,538.98 0.5 Meridian Energy Limited 4,273,367.40 0.5 Eisai Co., Ltd. 4,226,058.66 0.5 Vodafone Group Plc 4,002,046.62 0.5 Sandvik AB 3,980,630.94 0.5 Fujitsu Limited 3,962,413.15 0.5 QBE Insurance Group Limited 3,897,206.28 0.5 Bouygues SA 3,893,676.15 0.5 Oriental Land Co., Ltd. 3,820,742.62 0.5 Tesco PLC 3,682,780.62 0.5 NTT DATA Corporation 3,657,127.59 0.5 Eiffage SA 3,574,761.28 0.4 Astellas Pharma Inc. 3,564,676.52 0.4 Mitsui Fudosan Co., Ltd. 3,501,974.37 0.4 Stora Enso Oyj Class R 3,495,136.48 0.4 Norsk Hydro ASA 3,465,185.33 0.4 Kao Corp. 3,412,582.15 0.4 Ashtead Group plc 3,376,104.26 0.4 DENSO CORPORATION 3,344,373.44 0.4 Orsted 3,297,937.00 0.4 Wartsila Oyj Abp 3,038,260.66 0.4 Assicurazioni Generali S.p.A. 3,014,101.61 0.4 Informa Plc 2,862,512.65 0.4 Kubota Corporation 2,840,701.94 0.4 East Japan Railway Company 2,823,630.33 0.4 Komatsu Ltd. 2,785,421.22 0.3 Mizuho Financial Group, Inc. 2,768,905.13 0.3 SGS SA 2,736,866.68 0.3 Red Electrica Corp. SA 2,593,349.78 0.3 Telia Company AB 2,587,305.59 0.3 Delivery Hero SE 2,464,795.90 0.3 Bridgestone Corporation 2,461,656.95 0.3 Intesa Sanpaolo S.p.A. 2,459,079.49 0.3 NEC Corp. 2,458,766.86 0.3 Chugai Pharmaceutical Co., Ltd. 2,442,186.75 0.3 Goodman Group 2,440,795.42 0.3 Akzo Nobel N.V. 2,382,184.26 0.3 Orange SA 2,380,609.65 0.3 JFE Holdings, Inc. 2,342,222.83 0.3 BOC Hong Kong (Holdings) Limited 2,328,347.12 0.3 Shiseido Company,Limited 2,298,204.49 0.3 voestalpine AG 2,278,327.33 0.3 Eurazeo SA 2,182,524.35 0.3 Pax International Sustainable Economy Fund USD 7/31/2021 Port. Ending Market Value Portfolio Weight
NN Group N.V. 2,140,720.89 0.3 MTR Corporation Limited 2,095,615.88 0.3 Solvay SA 2,086,830.57 0.3 Xero Limited 2,009,746.40 0.3 Secom Co., Ltd. 1,982,279.16 0.2 Associated British Foods plc 1,967,385.43 0.2 Kajima Corporation 1,963,582.18 0.2 CapitaLand Integrated Commercial Trust 1,936,989.27 0.2 Wolters Kluwer NV 1,918,177.24 0.2 Mondi plc 1,900,496.55 0.2 Singapore Telecommunications Limited 1,897,454.69 0.2 Atos SE 1,837,894.61 0.2 UCB S.A. 1,806,191.07 0.2 Coloplast A/S Class B 1,803,768.02 0.2 AEON Co., Ltd. 1,791,660.67 0.2 J Sainsbury plc 1,772,231.32 0.2 West Japan Railway Company 1,759,648.37 0.2 Lloyds Banking Group plc 1,759,391.22 0.2 Kingspan Group Plc 1,747,938.29 0.2 Sysmex Corporation 1,724,655.59 0.2 Carrefour SA 1,715,575.10 0.2 TDK Corporation 1,710,798.15 0.2 NIBE Industrier AB Class B 1,700,411.36 0.2 TOTO Ltd 1,694,805.13 0.2 SKF AB Class B 1,691,697.63 0.2 Jeronimo Martins, SGPS S.A. 1,691,670.69 0.2 Teleperformance SA 1,674,741.29 0.2 REA Group Ltd 1,624,403.15 0.2 OMRON Corporation 1,582,488.71 0.2 HeidelbergCement AG 1,573,431.32 0.2 Otsuka Corporation 1,542,597.51 0.2 Computershare Limited 1,531,232.24 0.2 Spirax-Sarco Engineering PLC 1,525,495.69 0.2 Telenor ASA 1,518,076.30 0.2 Daiwa House Industry Co., Ltd. 1,486,410.35 0.2 Genmab A/S 1,457,190.29 0.2 Standard Chartered PLC 1,396,306.98 0.2 Telefonica Deutschland Holding AG 1,384,360.47 0.2 Swire Pacific Limited Class A 1,375,911.49 0.2 SoftBank Corp. 1,374,780.90 0.2 Obayashi Corporation 1,369,128.25 0.2 Wm Morrison Supermarkets plc 1,366,392.99 0.2 ASX Limited 1,338,661.98 0.2 KBC Group N.V. 1,313,470.90 0.2 Mitsubishi Chemical Holdings Corporation 1,310,121.88 0.2 Yamaha Corporation 1,301,695.01 0.2 Auckland International Airport Limited 1,288,675.24 0.2 Telefonaktiebolaget LM Ericsson Class B 1,274,251.49 0.2 Suntory Beverage & Food Ltd. 1,265,234.89 0.2 Sompo Holdings,Inc. 1,248,018.62 0.2 Kikkoman Corporation 1,236,478.42 0.2 Pax International Sustainable Economy Fund USD 7/31/2021 Port. Ending Market Value Portfolio Weight
Central Japan Railway Company 1,235,942.59 0.2 Sekisui House, Ltd. 1,205,659.53 0.2 Capcom Co., Ltd. 1,198,326.99 0.1 Nitto Denko Corp. 1,188,287.36 0.1 BT Group plc 1,181,875.43 0.1 MS&AD Insurance Group Holdings, Inc. 1,180,317.85 0.1 Yaskawa Electric Corporation 1,173,064.44 0.1 Cochlear Limited 1,169,559.61 0.1 Keio Corporation 1,153,418.78 0.1 Hitachi Construction Machinery Co., Ltd. 1,143,877.26 0.1 Telstra Corporation Limited 1,127,070.12 0.1 Aegon NV 1,117,613.33 0.1 Nippon Yusen Kabushiki Kaisha 1,112,602.91 0.1 Odakyu Electric Railway Co., Ltd. 1,111,705.72 0.1 Ajinomoto Co., Inc. 1,110,337.31 0.1 Evolution AB 1,102,842.16 0.1 Bank Leumi Le-Israel Ltd. 1,077,001.46 0.1 Demant A/S 1,074,792.16 0.1 Kesko Oyj Class B 1,070,242.92 0.1 Fisher & Paykel Healthcare Corporation Limited 1,068,874.01 0.1 CapitaLand Limited 1,031,649.48 0.1 Ryman Healthcare Ltd. 1,028,615.30 0.1 Croda International Plc 987,191.27 0.1 SEGRO plc 983,769.42 0.1 JD Sports Fashion Plc 982,732.78 0.1 Chocoladefabriken Lindt & Spruengli AG Partizipsch. 951,947.47 0.1 Deutsche Wohnen SE 938,498.51 0.1 Amundi SA 937,308.72 0.1 Publicis Groupe SA 930,950.04 0.1 CaixaBank SA 928,677.01 0.1 NIPPON PAINT HOLDINGS CO.LTD. 923,748.05 0.1 Bluescope Steel Limited 918,968.74 0.1 Rentokil Initial plc 918,839.90 0.1 Coca-Cola Europacific Partners plc 912,282.00 0.1 Daifuku Co., Ltd. 904,682.45 0.1 Yamada Holding Co., Ltd. 901,055.29 0.1 Nomura Research Institute,Ltd. 897,449.26 0.1 Coca-Cola HBC AG 886,214.88 0.1 Singapore Exchange Ltd. 874,671.95 0.1 Koninklijke DSM N.V. 867,277.26 0.1 Rohm Co., Ltd. 858,158.58 0.1 ZOZO, Inc. 851,118.38 0.1 Hitachi Metals, Ltd. 845,259.78 0.1 SCSK Corporation 843,433.08 0.1 GN Store Nord A/S 823,854.63 0.1 Yakult Honsha Co., Ltd. 815,175.84 0.1 Nippon Building Fund, Inc. 794,579.82 0.1 CyberAgent, Inc. 791,606.73 0.1 Mercari, Inc. 784,789.76 0.1 Spark New Zealand Limited 779,396.68 0.1 Schroders PLC 773,992.33 0.1 Pax International Sustainable Economy Fund USD 7/31/2021 Port. Ending Market Value Portfolio Weight
Mercury NZ Ltd. 768,259.95 0.1 Clariant AG 763,358.49 0.1 Commerzbank AG 758,904.24 0.1 Seek Limited 753,827.14 0.1 Yamaha Motor Co., Ltd. 750,912.60 0.1 Johnson Matthey Plc 749,082.73 0.1 Lawson, Inc. 743,544.30 0.1 Nitori Holdings Co., Ltd. 740,992.51 0.1 Nomura Real Estate Holdings, Inc. 738,631.14 0.1 Husqvarna AB Class B 738,308.91 0.1 T&D Holdings, Inc. 730,280.62 0.1 TAISEI CORP 727,650.99 0.1 Sumitomo Chemical Co., Ltd. 719,627.54 0.1 Henkel AG & Co. KGaA 719,034.59 0.1 Insurance Australia Group Limited 718,336.42 0.1 Sohgo Security Services Co., Ltd. 715,144.74 0.1 Shionogi & Co., Ltd. 710,681.72 0.1 Svenska Cellulosa Aktiebolaget Class B 706,786.38 0.1 NIPPON EXPRESS CO., LTD. 700,989.89 0.1 Hulic Co., Ltd. 697,108.07 0.1 SEB SA 697,101.55 0.1 DCC Plc 692,398.45 0.1 HIROSE ELECTRIC CO., LTD. 688,827.69 0.1 Kansai Paint Co., Ltd. 684,926.50 0.1 UOL Group Limited 684,074.60 0.1 Valeo SE 684,062.44 0.1 Tobu Railway Co., Ltd. 683,624.18 0.1 Tryg A/S 679,375.94 0.1 Ramsay Health Care Limited 678,354.58 0.1 Orkla ASA 673,979.10 0.1 USS Co., Ltd. 664,710.37 0.1 Electrolux AB Class B 656,517.65 0.1 Sekisui Chemical Co., Ltd. 651,988.73 0.1 Henkel AG & Co. KGaA Pref 648,615.49 0.1 Hankyu Hanshin Holdings, Inc. 641,422.31 0.1 City Developments Limited 636,510.81 0.1 Tokyo Century Corporation 616,117.15 0.1 Nabtesco Corporation 613,346.66 0.1 Beiersdorf AG 570,966.13 0.1 Tele2 AB Class B 565,059.92 0.1 Vicinity Centres 545,545.70 0.1 Azbil Corporation 475,581.86 0.1 Swire Properties Limited 458,475.00 0.1 Shimizu Corporation 418,134.51 0.1 Geberit AG 391,459.59 0.0 Miura Co., Ltd. 388,437.54 0.0 Yokogawa Electric Corp. 353,691.13 0.0 Stanley Electric Co., Ltd. 336,460.96 0.0 NSK Ltd. 315,130.02 0.0 Mirvac Group 169,727.62 0.0 Credit Agricole SA 133,597.94 0.0 Pax International Sustainable Economy Fund USD 7/31/2021 Port. Ending Market Value Portfolio Weight
Umicore 92,940.74 0.0 Kerry Group Plc Class A 86,118.73 0.0 Swisscom AG 82,897.06 0.0 Koninklijke Philips N.V. 78,310.25 0.0 Keppel Corporation Limited 77,670.22 0.0 Bank Hapoalim BM 75,361.49 0.0 Hang Seng Bank, Limited 74,690.17 0.0 TOKYU CORPORATION 72,344.90 0.0 Nomura Real Estate Master Fund, Inc. 47,649.71 0.0 3i Group plc 41,119.73 0.0 Coles Group Ltd. 25,832.72 0.0 Kobayashi Pharmaceutical Co., Ltd. 7,973.23 0.0 Nissin Foods Holdings Co., Ltd. 7,113.12 0.0 United Overseas Bank Ltd. (Singapore) 1,102.71 0.0 iShares Core MSCI EAFE ETF 8,938,547.15 1.1 U.S. Dollar 4,621,033.93 0.6 Holdings are subject to change. Holdings are as of the period ended July 31, 2021 and are subject to change.
Effective March 31, 2021, the name of the Pax MSCI EAFE ESG Leaders Index Fund changed to the Pax International Sustainable Economy Fund.
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 © 2021 Impax Asset Management LLC. All rights reserved. Pax World Funds are distributed by Foreside Financial Services, LLC. Foreside Financial Services, LLC is not affiliated with Impax Asset Management LLC.
IMPX0655 (11/21)