Pax High Yield Bond Fund USD 7/31/2021 Port. Ending Market Value Portfolio Weight Cco Holdings Llc 4.75% 01-mar-2030 7,647,097.94 1.2 Avantor Funding, Inc. 4.625% 15-jul-2028 6,545,260.64 1.0 Kraft Heinz Foods Co. 4.375% 01-jun-2046 6,005,601.47 0.9 Standard Industries, Inc. (new York) 5.0% 15-feb-2027 5,461,781.42 0.8 Nmg Holding Co., Inc. 7.125% 01-apr-2026 4,369,960.00 0.7 Univar Solutions Inc. 5.125% 01-dec-2027 4,360,224.83 0.7 Iqvia Inc. 5.0% 15-may-2027 4,348,808.89 0.7 Tenet Healthcare Corporation 5.125% 01-nov-2027 4,219,145.30 0.6 Ford Motor Company 9.0% 22-apr-2025 3,895,770.00 0.6 Seg Holding Llc 5.625% 15-oct-2028 3,874,948.10 0.6 Ncr Corporation 5.125% 15-apr-2029 3,837,059.24 0.6 Iron Mountain Incorporated 4.875% 15-sep-2029 3,815,423.04 0.6 Natura Cosmeticos S.a. 4.125% 03-may-2028 3,741,943.32 0.6 Mileage Plus Holdings Llc Term Loan 20-jun-2027 3,730,580.00 0.6 Cvr Partners, Lp 6.125% 15-jun-2028 3,695,204.98 0.6 Del Monte Foods, Inc. 11.875% 15-may-2025 3,599,114.57 0.6 Sprint Corp. 7.125% 15-jun-2024 3,595,709.53 0.6 Ally Financial Inc. 5.75% 20-nov-2025 3,582,440.60 0.6 Altice France Holding Sa 10.5% 15-may-2027 3,481,904.50 0.5 Neon Holdings, Inc. 10.125% 01-apr-2026 3,470,709.47 0.5 Manitowoc Company, Inc. 9.0% 01-apr-2026 3,448,750.00 0.5 Ford Motor Credit Company Llc 5.125% 16-jun-2025 3,437,167.78 0.5 Unisys Corporation 6.875% 01-nov-2027 3,433,347.65 0.5 Cco Holdings Llc 5.375% 01-jun-2029 3,421,079.09 0.5 Centene Corporation 4.625% 15-dec-2029 3,419,242.03 0.5 Usg Corporation 4.875% 01-jun-2027 3,390,151.10 0.5 Dish Dbs Corporation 5.875% 15-nov-2024 3,381,867.19 0.5 Cars.com, Inc. 6.375% 01-nov-2028 3,362,556.05 0.5 Gtcr Ap Finance, Inc. 8.0% 15-may-2027 3,349,601.77 0.5 Post Holdings, Inc. 5.5% 15-dec-2029 3,342,544.00 0.5 Nielsen Finance Llc 5.625% 01-oct-2028 3,337,487.28 0.5 Hat Holdings I Llc 6.0% 15-apr-2025 3,321,154.31 0.5 Iheartcommunications, Inc. 5.25% 15-aug-2027 3,310,559.75 0.5 Ford Motor Credit Company Llc 4.0% 13-nov-2030 3,305,144.36 0.5 Tegna, Inc. 5.0% 15-sep-2029 3,302,135.50 0.5 Vizient, Inc. 6.25% 15-may-2027 3,294,775.79 0.5 Gartner, Inc. 4.5% 01-jul-2028 3,293,362.81 0.5 Albertsons Companies, Inc. 4.625% 15-jan-2027 3,289,649.01 0.5 Caesars Resort Collection Llc 5.75% 01-jul-2025 3,277,109.20 0.5 Koppers, Inc. 6.0% 15-feb-2025 3,269,492.50 0.5 Williams Scotsman International, Inc. 4.625% 15-aug-2028 3,266,463.80 0.5 Prime Security Services Borrower Llc 6.25% 15-jan-2028 3,251,137.71 0.5 Crocs, Inc. 4.25% 15-mar-2029 3,235,396.92 0.5 Davita Inc. 4.625% 01-jun-2030 3,231,997.38 0.5 Altice France Sa 5.5% 15-jan-2028 3,231,460.77 0.5 Organon Finance 1 Llc 4.125% 30-apr-2028 3,217,627.02 0.5 Graftech Finance, Inc. 4.625% 15-dec-2028 3,207,046.72 0.5 Ardagh Packaging Finance Plc 5.25% 15-aug-2027 3,203,307.50 0.5 Rackspace Technology Global, Inc. 5.375% 01-dec-2028 3,187,075.59 0.5 Cheplapharm Arzneimittel Gmbh 5.5% 15-jan-2028 3,178,512.77 0.5 Ww International, Inc. 4.5% 15-apr-2029 3,166,096.88 0.5 Dycom Industries, Inc. 4.5% 15-apr-2029 3,163,160.56 0.5 Gyp Holdings Iii Corp. 4.625% 01-may-2029 3,154,597.30 0.5 Diversified Healthcare Trust 4.375% 01-mar-2031 3,095,094.99 0.5 Majordrive Holdings Iv Llc 6.375% 01-jun-2029 3,064,892.17 0.5 Interface, Inc. 5.5% 01-dec-2028 3,060,192.52 0.5 Pax High Yield Bond Fund USD 7/31/2021 Port. Ending Market Value Portfolio Weight Csc Holdings, Llc 4.625% 01-dec-2030 3,056,119.19 0.5 Netflix, Inc. 4.875% 15-apr-2028 3,052,788.16 0.5 Univision Communications Inc. 4.5% 01-may-2029 3,011,726.67 0.5 Fresh Market, Inc. 9.75% 01-may-2023 2,935,892.00 0.5 Diebold Nixdorf Incorporated 9.375% 15-jul-2025 2,842,558.72 0.4 Owens-brockway Glass Container, Inc. 6.625% 13-may-2027 2,821,870.40 0.4 Encompass Health Corporation 4.75% 01-feb-2030 2,816,066.87 0.4 Mpt Operating Partnership, L.p. 5.0% 15-oct-2027 2,766,678.62 0.4 Logan Merger Sub, Inc. 5.5% 01-sep-2027 2,736,745.79 0.4 Petsmart, Inc. 4.75% 15-feb-2028 2,734,074.75 0.4 Allison Transmission, Inc. 4.75% 01-oct-2027 2,733,778.11 0.4 Nexstar Escrow, Inc. 5.625% 15-jul-2027 2,731,659.91 0.4 Magic Mergeco, Inc. 5.25% 01-may-2028 2,707,863.82 0.4 Cloud Crane Llc 10.125% 01-aug-2024 2,700,959.50 0.4 Mercer International Inc. 5.125% 01-feb-2029 2,697,169.59 0.4 Csc Holdings, Llc 5.75% 15-jan-2030 2,693,426.31 0.4 Staples, Inc. 7.5% 15-apr-2026 2,673,262.00 0.4 Veritas Us, Inc. 7.5% 01-sep-2025 2,672,341.50 0.4 Mdc Partners Inc. 6.5% 01-may-2024 2,671,870.21 0.4 Zayo Group Holdings, Inc. 4.0% 01-mar-2027 2,604,755.67 0.4 Zoominfo Technologies, Inc. 3.875% 01-feb-2029 2,599,443.48 0.4 Hat Holdings I Llc 3.375% 15-jun-2026 2,595,262.50 0.4 Bcpe Ulysses Merger Sub Llc 6.25% 15-jan-2029 2,590,022.81 0.4 Safeway Inc. 7.25% 01-feb-2031 2,533,862.60 0.4 Bath & Body Works, Inc. 6.95% 01-mar-2033 2,505,330.60 0.4 Kraft Heinz Foods Co. 4.25% 01-mar-2031 2,425,615.66 0.4 Switch Ltd. (nevada) 4.125% 15-jun-2029 2,412,496.26 0.4 Petsmart, Inc. 7.75% 15-feb-2029 2,352,410.28 0.4 Csc Holdings, Llc 7.5% 01-apr-2028 2,325,296.88 0.4 Diversified Healthcare Trust 9.75% 15-jun-2025 2,322,241.23 0.4 Springleaf Finance Corporation 5.375% 15-nov-2029 2,306,918.39 0.4 Mgm Resorts International 5.5% 15-apr-2027 2,290,782.57 0.4 Carpenter Technology Corporation 6.375% 15-jul-2028 2,287,580.22 0.4 Ligado Networks 15.5% 01-nov-2023 2,287,194.27 0.4 T-mobile Usa, Inc. 4.75% 01-feb-2028 2,284,627.80 0.4 Sirius Xm Radio Inc. 5.5% 01-jul-2029 2,284,566.29 0.4 Consolidated Communications, Inc. (illinois) 6.5% 01-oct-2028 2,280,116.24 0.4 United Natural Foods, Inc. 6.75% 15-oct-2028 2,279,278.77 0.4 Albertsons Companies, Inc. 5.875% 15-feb-2028 2,279,122.11 0.4 Telecom Italia S.p.a. 5.303% 30-may-2024 2,271,074.43 0.3 Castle Us Holding Corp. 9.5% 15-feb-2028 2,260,549.82 0.3 Clear Channel International Bv 6.625% 01-aug-2025 2,252,009.74 0.3 Jaguar Holding Co. Ii 5.0% 15-jun-2028 2,251,613.83 0.3 Adapthealth Llc 6.125% 01-aug-2028 2,247,172.92 0.3 Topaz Solar Farms Llc 5.75% 30-sep-2039 2,244,969.23 0.3 Clearway Energy Operating Llc 4.75% 15-mar-2028 2,240,693.94 0.3 Macy's Retail Holdings Llc 5.875% 01-apr-2029 2,236,600.79 0.3 Modivcare Inc. 5.875% 15-nov-2025 2,233,705.55 0.3 Msci Inc. 4.0% 15-nov-2029 2,232,706.85 0.3 Sable International Finance Ltd. 5.75% 07-sep-2027 2,224,276.12 0.3 Microchip Technology Incorporated 4.25% 01-sep-2025 2,222,624.84 0.3 Harsco Corporation 5.75% 31-jul-2027 2,219,606.75 0.3 Clear Channel Outdoor Holdings, Inc. 7.75% 15-apr-2028 2,212,504.32 0.3 Pax High Yield Bond Fund USD 7/31/2021 Port. Ending Market Value Portfolio Weight Post Holdings, Inc.