SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-PX REPORT ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 0001598735 PAX WORLD FUNDS SERIES TRUST III (Exact name of registrant as specified in charter) 30 Penhallow St, Ste. 400 Portsmouth, NH 03801 (Address of principal executive offices) Registrant's Telephone Number, Including Area Code: (800) 767-1729 Pax Ellevate Management LLC 30 Penhallow Street, Suite 400 Portsmouth, NH 03801 Attn: Joseph F. Keefe (Name and address of agent for service) Date of fiscal year end: December 31, 2015 Date of reporting period: July 1, 2014 - June 30, 2015 Item 1: Proxy Voting Record Fund Name : Pax Ellevate Global Womens Index Fund 07/01/2014 - 06/30/2015 ________________________________________________________________________________ 3i Group plc Ticker Security ID: Meeting Date Meeting Status III CINS G88473148 06/25/2015 Voted Meeting Type Country of Trade Annual United Kingdom Issue No. Description Proponent Mgmt Rec Vote Cast For/Against Mgmt 1 Accounts and Reports Mgmt For For For 2 Remuneration Report Mgmt For For For (Advisory) 3 Allocation of Mgmt For For For Profits/Dividends 4 Elect Jonathan Asquith Mgmt For For For 5 Elect Caroline J. Mgmt For For For Banszky 6 Elect Simon A. Borrows Mgmt For For For 7 Elect Alistair Cox Mgmt For For For 8 Elect David Hutchinson Mgmt For For For 9 Elect Simon R. Thompson Mgmt For Against Against 10 Elect Martine Verluyten Mgmt For For For 11 Elect Julia Wilson Mgmt For For For 12 Appointment of Auditor Mgmt For Against Against 13 Authority to Set Mgmt For Against Against Auditor's Fees 14 Authorisation of Mgmt For Against Against Political Donations 15 Authority to Issue Mgmt For Against Against Shares w/ Preemptive Rights 16 Authority to Issue Mgmt For Against Against Shares w/o Preemptive Rights 17 Authority to Repurchase Mgmt For For For Shares 18 Authority to Set Mgmt For Against Against General Meeting Notice Period at 14 Days ________________________________________________________________________________ 3i Group plc Ticker Security ID: Meeting Date Meeting Status III CINS G88473148 07/17/2014 Voted Meeting Type Country of Trade Annual United Kingdom Issue No. Description Proponent Mgmt Rec Vote Cast For/Against Mgmt 1 Accounts and Reports Mgmt For For For 2 Remuneration Report Mgmt For For For (Advisory) 3 Remuneration Policy Mgmt For For For (Binding) 4 Allocation of Mgmt For For For Profits/Dividends 5 Elect Jonathan Asquith Mgmt For For For 6 Elect Simon A. Borrows Mgmt For Against Against 7 Elect Alistair Cox Mgmt For For For 8 Elect David Hutchinson Mgmt For For For 9 Elect Sir Adrian Mgmt For Against Against Montague 10 Elect Martine Verluyten Mgmt For For For 11 Elect Julia Wilson Mgmt For For For 12 Appointment of Auditor Mgmt For For For 13 Authority to Set Mgmt For For For Auditor's Fees 14 Amendment to Investment Mgmt For For For Policy 15 Authorisation of Mgmt For Against Against Political Donations 16 Authority to Issue Mgmt For Against Against Shares w/ Preemptive Rights 17 Authority to Issue Mgmt For For For Shares w/o Preemptive Rights 18 Authority to Repurchase Mgmt For For For Shares 19 Authority to Set Mgmt For Against Against General Meeting Notice Period at 14 Days ________________________________________________________________________________ Abbott Laboratories Ticker Security ID: Meeting Date Meeting Status ABT CUSIP 002824100 04/24/2015 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Against Mgmt file:///C/Users/jsanto/Desktop/paxtrustiii063015.txt[9/2/2015 9:07:43 AM] 1.1 Elect Robert J. Alpern Mgmt For For For 1.2 Elect Roxanne S. Austin Mgmt For Withhold Against 1.3 Elect Sally E. Blount Mgmt For For For 1.4 Elect W. James Farrell Mgmt For Withhold Against 1.5 Elect Edward M. Liddy Mgmt For Withhold Against 1.6 Elect Nancy McKinstry Mgmt For For For 1.7 Elect Phebe N. Novakovic Mgmt For For For 1.8 Elect William A. Osborn Mgmt For Withhold Against 1.9 Elect Samuel C. Scott Mgmt For Withhold Against III 1.10 Elect Glenn F. Tilton Mgmt For For For 1.11 Elect Miles D. White Mgmt For Withhold Against 2 Ratification of Auditor Mgmt For Against Against 3 Advisory Vote on Mgmt For Against Against Executive Compensation 4 Shareholder Proposal ShrHoldr Against For Against Regarding Genetically Modified Ingredients 5 Shareholder Proposal ShrHoldr Against For Against Regarding Independent Board Chairman ________________________________________________________________________________ Aberdeen Asset Management plc Ticker Security ID: Meeting Date Meeting Status ADN CINS G00434111 02/03/2015 Voted Meeting Type Country of Trade Annual United Kingdom Issue No. Description Proponent Mgmt Rec Vote Cast For/Against Mgmt 1 Accounts and Reports Mgmt For For For 2 Allocation of Mgmt For For For Profits/Dividends 3 Appointment of Auditor Mgmt For Against Against 4 Authority to Set Mgmt For Against Against Auditor's Fees 5 Elect Julie Chakraverty Mgmt For Against Against 6 Elect Roger Cornick Mgmt For Against Against 7 Elect Martin J. Gilbert Mgmt For Against Against 8 Elect Andrew Laing Mgmt For Against Against 9 Elect Rod MacRae Mgmt For Against Against 10 Elect Richard S. Mully Mgmt For Against Against 11 Elect James Pettigrew Mgmt For Against Against 12 Elect Bill Rattray Mgmt For Against Against 13 Elect Anne Richards Mgmt For Against Against 14 Elect Jutta af Rosenborg Mgmt For Against Against 15 Elect Akira Suzuki Mgmt For Against Against 16 Elect Simon Troughton Mgmt For Against Against 17 Elect Hugh Young Mgmt For Against Against 18 Remuneration Report Mgmt For Against Against (Advisory) 19 Authority to Issue Mgmt For Against Against Shares w/ Preemptive Rights 20 Authority to Issue Mgmt For For For Shares w/o Preemptive Rights 21 Authority to Set Mgmt For Against Against General Meeting Notice Period at 14 Days 22 Authority to Repurchase Mgmt For For For Shares 23 Authorisation of Mgmt For Against Against Political Donations ________________________________________________________________________________ Accenture plc Ticker Security ID: Meeting Date Meeting Status ACN CUSIP G1151C101 02/04/2015 Voted Meeting Type Country of Trade Annual United States Issue No. Description Proponent Mgmt Rec Vote Cast For/Against Mgmt 1 Elect Jaime Ardila Mgmt For For For 2 Elect Dina Dublon Mgmt For For For 3 Elect Charles H. Mgmt For For For Giancarlo 4 Elect William L. Kimsey Mgmt For For For 5 Elect Marjorie Magner Mgmt For For For 6 Elect Blythe J. McGarvie Mgmt For For For 7 Elect Pierre Nanterme Mgmt For For For 8 Elect Gilles Pelisson Mgmt For Against Against 9 Elect Paula A. Price Mgmt For For For 10 Elect Wulf von Mgmt For Against Against Schimmelmann 11 Elect Frank K. Tang Mgmt For For For 12 Advisory Vote on Mgmt For For For Executive Compensation 13 Ratification of Auditor Mgmt For For For 14 Authority to Issue Mgmt For Against Against Shares w/ Preemptive Rights 15 Authority to Issue Mgmt For For For Shares w/o Preemptive Rights 16 Authority to Hold Mgmt For For For Annual Meeting Outside of Ireland 17 Authority to Repurchase Mgmt For For For Shares 18 Price Range for the Mgmt For For For Re-Issuance of Treasury Shares ________________________________________________________________________________ Accor SA Ticker Security ID: Meeting Date Meeting Status AC CINS F00189120 04/28/2015 Voted Meeting Type Country of Trade Mix France Issue No. Description Proponent Mgmt Rec Vote Cast For/Against Mgmt 1 Non-Voting Meeting Note N/A N/A N/A N/A 2 Non-Voting Meeting Note N/A N/A N/A N/A 3 Non-Voting Meeting Note N/A N/A N/A N/A 4 Accounts and Reports Mgmt For For For 5 Consolidated Accounts Mgmt For For For and Reports file:///C/Users/jsanto/Desktop/paxtrustiii063015.txt[9/2/2015 9:07:43 AM] 6 Allocation of Mgmt For For For Profits/Dividends 7 Scrip Dividend Mgmt For For For 8 Elect Jean-Paul Bailly Mgmt For Against Against 9 Elect Philippe Citerne Mgmt For Against Against 10 Elect Mercedes Erra Mgmt For Against Against 11 Elect Bertrand Meheut Mgmt For Against Against 12 Compensation Benefits Mgmt For For For of Sebastien Bazin, Chairman and CEO 13 Authority to Repurchase Mgmt For For For Shares 14 Authority to Cancel Mgmt For For For Shares and Reduce Capital 15 Authority to Issue Mgmt For Against Against Shares w/ Preemptive Rights 16 Authority to Issue Mgmt For Against Against Shares w/o Preemptive Rights 17 Authority to Issue Mgmt For Against Against Shares and/or Convertible Securities Through Private Placement 18 Greenshoe Mgmt For For For 19 Authority to Increase Mgmt For Against Against Capital in Consideration for Contributions in Kind 20 Authority to Increase Mgmt For For For Capital Through Capitalizations 21 Global Ceiling on Mgmt For Against Against Capital Increases 22 Employee Stock Purchase Mgmt For Against Against Plan 23 Authority to Issue Mgmt For For For Restricted Shares 24 Limit on Restricted Mgmt For For For Shares for Corporate Officers 25 Amendments to Article Mgmt For For For Regarding Record Date 26 Remuneration of Mgmt For For For Sebastien Bazin, Chairman and CEO 27 Remuneration of Sven Mgmt For For For Boinet, Deputy CEO 28 Approval of 'Plant for Mgmt For For For the Planet' Program 29 Authorization of Legal Mgmt For For For Formalities ________________________________________________________________________________ Advanced Information Service Inc. Ticker Security ID: Meeting Date Meeting Status ADVANC CINS Y0014U183 03/24/2015 Voted Meeting Type Country