Impax High Yield Bond Fund Institutional Class (PXHIX)

Fund Assets	380.11M
Expense Ratio	0.68%
Min. Investment	$250,000
Turnover	n/a
Dividend (ttm)	0.36
Dividend Yield	5.97%
Dividend Growth	7.08%
Payout Frequency	Monthly
Ex-Dividend Date	May 30, 2025

Previous Close	6.07
YTD Return	1.68%
1-Year Return	5.98%
5-Year Return	14.69%
52-Week Low	5.85
52-Week High	6.12
Beta (5Y)	0.36
Holdings	209
Inception Date	Jun 1, 2004

About PXHIX

The Fund's investment strategy focuses on High Yield with 0.72% total expense ratio. The minimum amount to invest in Pax World Funds Series Trust I: Pax High Yield Bond Fund; Institutional Class Shares is $250,000 on a standard taxable account. Pax World Funds Series Trust I: Pax High Yield Bond Fund; Institutional Class Shares seeks high current income. As a secondary investment objective, the Fund seeks capital appreciation. PXHIX follows a sustainable investing approach, combining rigorous financial analysis with rigorous environmental, social, and governance analysis in order to identify investments.

• Category: High Yield Bond
• Performance Rating: Below Average
• Risk Rating: Below Average
• Stock Exchange: NASDAQ
• Ticker Symbol: PXHIX
• Share Class: Institutional Class
• Index: ICE BofA U.S. HY Cash Pay BB-B Const TR

Performance

PXHIX had a total return of 5.98% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.72%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
PXHAX	Class A	0.93%
PAXHX	Investor Class	0.93%

Top 10 Holdings

12.20% of assets

Name	Symbol	Weight
iShares iBoxx $ High Yield Corporate Bond ETF	HYG	1.95%
Jpmorgan Chase Var 12/49	n/a	1.73%
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer Inc 7%	ALIANT.7 01.15.31 144A	1.38%
NCL Corporation Ltd. 6.75%	NCLH.6.75 02.01.32 144A	1.14%
Liberty Mutual Group, Inc. 4.13%	LIBMUT.V4.125 12.15.51 144A	1.10%
Avantor Funding Inc 4.63%	AVTR.4.625 07.15.28 144A	1.05%
Hilton Domestic Operating Co Inc. 6.13%	HLT.6.125 04.01.32 144A	0.98%
CVS Health Corp 6.13%	CVS.6.125 09.15.39	0.97%
MEDLINE BORROWER, LP	MEDIND.L 10.23.28 6	0.96%
Coherent Corp 5%	COHR.5 12.15.29 144A	0.94%

Dividend History

Ex-Dividend	Amount	Pay Date
May 30, 2025	$0.03232	May 30, 2025
Apr 30, 2025	$0.0307	Apr 30, 2025
Mar 31, 2025	$0.03161	Mar 31, 2025
Feb 28, 2025	$0.02807	Feb 28, 2025
Jan 31, 2025	$0.03233	Jan 31, 2025
Dec 31, 2024	$0.03688	Dec 31, 2024